The Effects of Stock Repurchases on Rival Firms

A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity

1980 • 25,774 citations

Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers

1986 • 17,982 citations

Dividend Policy under Asymmetric Information

1985 • 3,145 citations

Managerial control of voting rights

1988 • 2,602 citations

Corporate Forecasts of Earnings Per Share and Stock Price Behavior: Empirical Test

1976 • 1,761 citations

The effect of capital structure on a firm's liquidation decision

1984 • 1,537 citations

Oligopoly and financial structure: the limited liability effect

1989 • 1,168 citations

Common stock repurchases and market signalling

1981 • 1,054 citations

Investment banking and the capital acquisition process

1986 • 1,024 citations

Horizontal mergers, collusion, and stockholder wealth

1983 • 946 citations

Common stock repurchases

1981 • 737 citations

The Impact of Product Recalls on the Wealth of Sellers

1985 • 643 citations

Intra-industry information transfers associated with earnings releases

1981 • 601 citations

Capital Structure in Repeated Oligopolies

1988 • 458 citations

Stock Repurchase by Tender Offer: An Analysis of the Causes of Common Stock Price Changes

1980 • 273 citations

Intraindustry Information Transfers Associated with Management Forecasts of Earnings

1987 • 224 citations

Intra-Industry Effects of the Accident at Three Mile Island

1983 • 206 citations

Conditioning the Return-Generating Process on Firm-Specific Events: A Discussion of Event Study Methods

1985 • 190 citations