Stock Performance and Intermediation Changes Surrounding Sustained Increases in Disclosure*

Corporate financing and investment decisions when firms have information that investors do not have

1984 • 18,167 citations

A Simple Model of Capital Market Equilibrium with Incomplete Information

1987 • 5,293 citations

Causes and Consequences of Earnings Manipulation: An Analysis of Firms Subject to Enforcement Actions by the SEC*

1996 • 4,110 citations

Insiders and Outsiders: The Choice between Informed and Arm's‐Length Debt

1992 • 3,659 citations

Monitoring and Reputation: The Choice between Bank Loans and Directly Placed Debt

1991 • 3,300 citations

Disclosure, Liquidity, and the Cost of Capital

1991 • 3,218 citations

Discretionary disclosure

1983 • 3,088 citations

Cross-Sectional Determinants of Analyst Ratings of Corporate Disclosures

1993 • 2,760 citations

Why Firms Voluntarily Disclose Bad News

1994 • 2,502 citations

Market liquidity and volume around earnings announcements

1994 • 1,792 citations

An analysis of intertemporal and cross-sectional determinants of earnings response coefficients

1989 • 1,789 citations

Stock prices and top management changes

1988 • 1,665 citations

Firm characteristics and analyst following

1989 • 1,593 citations

Equity issues and offering dilution

1986 • 1,479 citations

Shareholder Litigation and Corporate Disclosures

1994 • 1,421 citations

Debt-covenant violations and managers' accounting responses

1994 • 1,318 citations

Disclosure Policy, Information Asymmetry, and Liquidity in Equity Markets*

1995 • 1,214 citations

Earnings disclosures and stockholder lawsuits

1997 • 995 citations

Self-Selection and Analyst Coverage

1997 • 948 citations

Differential Information and Security Market Equilibrium

1985 • 944 citations

Financial disclosure policy in an entry game

1990 • 856 citations

Voluntary disclosure with a strategic opponent

1990 • 770 citations

Discretionary Disclosure and External Financing

1995 • 673 citations

The Management of Corporate Financial Disclosure: Opportunism, Ritualism, Policies, and Processes

1990 • 650 citations

The Effect of Firms' Financial Disclosure Strategies on Stock Prices

1993 • 612 citations

Differential information and the small firm effect

1984 • 543 citations

Self-Enforcing Voluntary Disclosures

1994 • 357 citations

Security Analyst Multi-Year Earnings Forecasts and the Capital Market

1985 • 339 citations

Trading volume reactions to annual accounting earnings announcements

1994 • 325 citations

Disclosure Policies with Multiple Users

1993 • 248 citations

Endogenous proprietary costs through firm interdependence

1990 • 190 citations

The challenges of investor communication The case of CUC International, Inc.

1995 • 177 citations

Voluntary Disclosure During Equity Offerings: Reducing Information Asymmetry or Hyping the Stock?

1997 • 73 citations

Explaining the NYSE Listing Choices of NASDAQ Firms

1992 • 48 citations

Corporate disclosure policy and analysts

1993 • 40 citations