Stock Market Efficiency and Economic Efficiency: Is There a Connection?

Continuous Auctions and Insider Trading

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Financial Intermediation and Delegated Monitoring

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The Use of Knowledge in Society

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

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A General Equilibrium Approach To Monetary Theory

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The Visible Hand: The Managerial Revolution in American Business

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INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION

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Informational Asymmetries, Financial Structure, and Financial Intermediation

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Tobin's Marginal q and Average q: A Neoclassical Interpretation

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The Visible Hand: The Managerial Revolution in American Business

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Market Liquidity and Performance Monitoring

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The Private and Social Value of Information and the Reward to Inventive Activity

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Financial intermediary-coalitions

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Foundations of Finance.

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On the aggregation of information in competitive markets

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Information aggregation in a noisy rational expectations economy

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The Role of Securities in the Optimal Allocation of Risk-bearing

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The Theory of Finance

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Equity Issues and Stock Price Dynamics

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The Stock Market and Investment

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Asymmetric Information, Corporate Finance, and Investment

1990 • 657 citations

Insider Trading: Should It Be Prohibited?

1992 • 619 citations

Output Measurement in the Service Sectors

1992 • 610 citations

THE ROLE OF A STOCK MARKET IN A GENERAL EQUILIBRIUM MODEL WITH TECHNOLOGICAL UNCERTAINTY

1978 • 515 citations

Insider Trading and the Efficiency of Stock Prices

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Macroeconomics and finance: The role of the stock market

1984 • 345 citations

On the Efficiency of Stock-based Compensation

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Stock markets and resource allocation

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The Stock Market and the Economy

1975 • 206 citations

Noise Trading, Delegated Portfolio Management, and Economic Welfare

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Understanding Stock Price Behavior around the Time of Equity Issues

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Universal Banking and the Performance of German Firms

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Arbitrage Chains

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

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INFORMATION EXTERNALITIES, SHARE‐PRICE BASED INCENTIVES AND MANAGERIAL BEHAVIOUR

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Managerial incentives in an entrepreneurial stock market model

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The Real Output of the Stock Exchange

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Informed Trading, Investment, and Welfare

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Stock Market Efficiency and Economic Efficiency: Is There a Connection?

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Information, Managerial Choice and Stockholder Unanimity

1978 • 13 citations