Information and the Cost of Capital

Common risk factors in the returns on stocks and bonds

1993 • 26,177 citations

The Cross‐Section of Expected Stock Returns

1992 • 15,031 citations

Continuous Auctions and Insider Trading

1985 • 9,651 citations

The Cross-Section of Expected Stock Returns

1992 • 5,405 citations

A Simple Model of Capital Market Equilibrium with Incomplete Information

1987 • 5,293 citations

On the Impossibility of Informationally Efficient Markets

1980 • 4,825 citations

Disclosure level and the cost of equity capital

1997 • 3,499 citations

Disclosure, Liquidity, and the Cost of Capital

1991 • 3,218 citations

Home Bias at Home: Local Equity Preference in Domestic Portfolios

1999 • 2,810 citations

Why new issues are underpriced

1986 • 2,752 citations

Familiarity Breeds Investment

2001 • 1,861 citations

Is Information Risk a Determinant of Asset Returns?

2002 • 1,794 citations

Liquidity, Information, and Infrequently Traded Stocks

1996 • 1,466 citations

International Portfolio Investment Flows

1997 • 1,285 citations

The World Price of Insider Trading

2002 • 1,271 citations

Optimal Release of Information By Firms

1985 • 1,079 citations

Disclosure, Liquidity, and the Cost of Capital

1991 • 831 citations

A Noisy Rational Expectations Equilibrium for Multi-Asset Securities Markets

1985 • 821 citations

A Model of Intertemporal Asset Prices Under Asymmetric Information

1993 • 758 citations

On the Effects of Barriers to International Investment

1981 • 662 citations

Differential information and the small firm effect

1984 • 543 citations

The Aggregation of Investor's Diverse Judgments and Preferences in Purely Competitive Security Markets

1969 • 524 citations

Forcing Firms to Talk: Financial Disclosure Regulation and Externalities

2000 • 485 citations

An Equilibrium Model with Restricted Stock Market Participation

1998 • 444 citations

On Equilibrium Pricing under Parameter Uncertainty

1995 • 320 citations

Is Information Risk a Determinant of Asset Returns?

2000 • 315 citations

Insider Trading and the Stock Market

1967 • 248 citations

The World Price of Insider Trading

2000 • 179 citations

The Mandatory Disclosure of Trades and Market Liquidity

1995 • 142 citations

The Investor Recognition Hypothesis in a Dynamic General Equilibrium: Theory and Evidence

2002 • 122 citations

Does Market Structure Affect the Immediacy of Stock Price Responses to News?

2002 • 65 citations

Profitable Informed Trading in a Simple General Equilibrium Model of Asset Pricing

1995 • 49 citations

Disclosure Quality and the Probability of Informed Trade

2002 • 29 citations

The Investor Recognition Hypothesis in a Dynamic General Equilibrium: Theory and Evidence

2000 • 14 citations