Corporate Events, Trading Activity, and the Estimation of Systematic Risk: Evidence From Equity Offerings and Share Repurchases

Estimating betas from nonsynchronous data

1977 • 2,887 citations

Risk measurement when shares are subject to infrequent trading

1979 • 2,767 citations

Do Demand Curves for Stocks Slope Down?

1986 • 1,451 citations

Price and Volume Effects Associated with Changes in the S&P 500 List: New Evidence for the Existence of Price Pressures

1986 • 1,047 citations

THE EFFECT OF THE FIRM'S CAPITAL STRUCTURE ON THE SYSTEMATIC RISK OF COMMON STOCKS

1972 • 1,034 citations

The Relative Signalling Power of Dutch‐Auction and Fixed‐Price Self‐Tender Offers and Open‐Market Share Repurchases

1991 • 619 citations

Corporate payout policy

1988 • 441 citations

The Effect of Market Segmentation and Illiquidity on Asset Prices: Evidence from Exchange Listings

1994 • 432 citations

An Analysis of Changes in Specialist Inventories and Quotations

1993 • 423 citations

Anomalous Price Behavior Around Repurchase Tender Offers

1990 • 404 citations

The Trades of Market Makers: An Empirical Analysis of NYSE Specialists

1993 • 397 citations

The Market Reaction to Stock Splits

1987 • 367 citations

Friction in the trading process and the estimation of systematic risk

1983 • 362 citations

Portfolio return autocorrelation

1993 • 293 citations

Risk measurement when shares are subject to infrequent trading

1983 • 248 citations

S&P 500 Trading Strategies and Stock Betas

1994 • 232 citations

The Effects of Stock Splits on Bid‐Ask Spreads

1990 • 203 citations

A Direct Test of Roll's Conjecture on the Firm Size Effect

1982 • 194 citations

Open-market stock repurchases as signals for earnings and risk changes

1991 • 190 citations

Earnings and Risk Changes Surrounding Primary Stock Offers

1990 • 176 citations

Repurchase tender offers and earnings information

1991 • 176 citations

Implications of Microstructure Theory for Empirical Research on Stock Price Behavior

1980 • 172 citations

Economic Complexity: Chaos, Sunspots, Bubbles, and Nonlinearity.

1990 • 165 citations

Estimating and Adjusting for the Intervalling-Effect Bias in Beta

1983 • 154 citations

Earnings and risk changes around stock repurchase tender offers

1991 • 122 citations

Economic Complexity: Chaos, Sunspots, Bubbles and Nonlinearity.

1992 • 100 citations

Beta Changes around Stock Splits: A Note

1988 • 98 citations

The nature of information conveyed by pure capital structure changes

1994 • 72 citations

Order Flow, Trading Costs and Corporate Acquisition Announcements

1992 • 65 citations

Information dissemination, market efficiency and the frequency of transactions

1979 • 55 citations

Beta Changes around Stock Splits Revisited

1992 • 33 citations