The Economic Consequences of Increased Disclosure

Limited-dependent and qualitative variables in econometrics

1983 • 13,615 citations

Continuous Auctions and Insider Trading

1985 • 9,651 citations

Bid, ask and transaction prices in a specialist market with heterogeneously informed traders

1985 • 6,148 citations

Asset pricing and the bid-ask spread

1986 • 5,250 citations

Disclosure level and the cost of equity capital

1997 • 3,499 citations

The effect of international institutional factors on properties of accounting earnings

2000 • 3,323 citations

A Theory of Intraday Patterns: Volume and Price Variability

1988 • 3,251 citations

Disclosure, Liquidity, and the Cost of Capital

1991 • 3,218 citations

Cross-Sectional Determinants of Analyst Ratings of Corporate Disclosures

1993 • 2,760 citations

Stock Performance and Intermediation Changes Surrounding Sustained Increases in Disclosure*

1999 • 1,965 citations

Information Effects on the Bid‐Ask Spread

1983 • 1,852 citations

Dummy Endogenous Variables in a Simultaneous Equation System

1978 • 1,730 citations

Estimating the components of the bid/ask spread

1988 • 1,681 citations

Market microstructure and asset pricing: On the compensation for illiquidity in stock returns

1996 • 1,631 citations

THE SUPPLY OF DEALER SERVICES IN SECURITIES MARKETS

1978 • 1,374 citations

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

1995 • 1,214 citations

Dealer versus auction markets: A paired comparison of execution costs on NASDAQ and the NYSE

1996 • 1,096 citations

Corporate disclosure quality and the cost of debt

1998 • 896 citations

Corporate Disclosure Quality and the Cost of Debt

1998 • 837 citations

Disclosure, Liquidity, and the Cost of Capital

1991 • 831 citations

The Relative Informativeness of Accounting Disclosures in Different Countries

1993 • 705 citations

Earnings Performance and Discretionary Disclosure

2002 • 648 citations

THE PRICING OF SECURITY DEALER SERVICES: AN EMPIRICAL STUDY OF NASDAQ STOCKS

1978 • 648 citations

The Value Relevance of German Accounting Measures: An Empirical Analysis

1994 • 498 citations

The Relation Among Capital Markets, Financial Disclosure, Production Efficiency, and Insider Trading

1996 • 484 citations

The Effects of Beta, Bid‐Ask Spread, Residual Risk, and Size on Stock Returns

1989 • 483 citations

The Effect of International Institutional Factors on Properties of Accounting Earnings

1999 • 477 citations

Liquidity, Information, and Infrequently Traded Stocks

1996 • 418 citations

Market Microstructure and Asset Pricing: On the Compensation for Market Illiquidity in Stock Returns

1999 • 369 citations

The market valuation of IAS versus US-GAAP accounting measures using Form 20-F reconciliations

1999 • 350 citations

Trading volume reactions to annual accounting earnings announcements

1994 • 325 citations

An empirical examination of information, differences of opinion, and trading activity

1996 • 315 citations

Insider Holdings and Perceptions of Information Asymmetry: A Note

1988 • 209 citations

A Trading Volume Benchmark: Theory and Evidence

1999 • 187 citations

Earnings Performance and Discretionary Disclosures

2000 • 162 citations

Voluntary Disclosure, Information Asymmetry, and Insider Selling through Secondary Equity Offerings*

1998 • 161 citations

The impact of SEC's segment disclosure requirement on bid-ask spreads

1994 • 124 citations

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

2001 • 96 citations

The Market Valuation of IAS versus U.S. GAAP Accounting Measures using Form 20-F Reconciliations

1998 • 72 citations

Oil and gas reserve value disclosures and bid-ask spreads

1998 • 57 citations

Disclosure Quality, Institutional Investors, and Stock Return Volatility

1999 • 48 citations

The Degree of Determination of National Accounting Systems — An Empirical Investigation

2000 • 37 citations

Voluntary Disclosure, Information Asymmetry, and Insider Selling through Secondary Equity Offerings

1999 • 32 citations

IAS versus US GAAP: A "New Market" Based Comparison

2000 • 24 citations

A Trading Volume Benchmark: Theory and Evidence

1998 • 24 citations

Optimal Learning with Endogenous Data

1989 • 22 citations

Discussion of “Stock Performance and Intermediation Changes Surrounding Sustained Increases in Disclosure”

1999 • 21 citations

Der Einfluß des Wechsels vom Rechnungslegungsstandard auf die Risikoparameter von schweizerischen Aktien

1998 • 18 citations

Informationsbasierter Aktienhandel über IBIS

2000 • 8 citations

Informationsbasierter Aktienhandel über IBIS

2000 • 6 citations

Wertpotential und Objektivierung der IAS im Vergleich zu den Bilanzierungsvorschriften des dHGB und des öHGB

1999 • 5 citations