Repurchase tender offers and earnings information

Theory of the firm: Managerial behavior, agency costs and ownership structure

1976 • 62,465 citations

A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity

1980 • 25,774 citations

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

1984 • 18,167 citations

Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers

1986 • 17,982 citations

An Empirical Evaluation of Accounting Income Numbers

1968 • 6,381 citations

INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION

1977 • 4,200 citations

The Determination of Financial Structure: The Incentive-Signalling Approach

1977 • 3,814 citations

Informational Asymmetries, Financial Structure, and Financial Intermediation

1977 • 3,499 citations

Dividend Policy under Asymmetric Information

1985 • 3,145 citations

Imperfect Information, Dividend Policy, and "The Bird in the Hand" Fallacy

1979 • 2,777 citations

The Information Content of Annual Earnings Announcements

1968 • 2,768 citations

Optimal capital structure under corporate and personal taxation

1980 • 2,681 citations

Size-related anomalies and stock return seasonality

1983 • 1,852 citations

Do Demand Curves for Stocks Slope Down?

1986 • 1,451 citations

Dividends, Dilution, and Taxes: A Signalling Equilibrium

1985 • 1,404 citations

The option pricing model and the risk factor of stock

1976 • 1,293 citations

Financial statement analysis

2007 • 1,153 citations

Quarterly Dividend and Earnings Announcements and Stockholders' Returns: An Empirical Analysis

1980 • 1,082 citations

Common stock repurchases and market signalling

1981 • 1,054 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

Earnings Innovations, Earnings Persistence, and Stock Returns

1987 • 977 citations

Advanced econometrics

1988 • 944 citations

Earnings information conveyed by dividend initiations and omissions

1988 • 869 citations

The information content of security prices

1980 • 777 citations

Dividend Policy under Asymmetric Information

1985 • 747 citations

Common stock repurchases

1981 • 737 citations

Equity Issues and Stock Price Dynamics

1990 • 695 citations

On cross-sectional analysis in accounting research

1987 • 583 citations

The Information Contained in the Components of Earnings

1986 • 565 citations

The association between accounting earnings and security returns for large and small firms

1987 • 565 citations

Valuation effects of corporate debt offerings

1986 • 490 citations

Firm size and the information content of prices with respect to earnings

1987 • 487 citations

The Association between Unsystematic Security Returns and the Magnitude of Earnings Forecast Errors

1979 • 480 citations

SOME TIME SERIES PROPERTIES OF ACCOUNTING INCOME

1972 • 431 citations

A Theory of Stock Price Responses to Alternative Corporate Cash Disbursement Methods: Stock Repurchases and Dividends

1987 • 429 citations

An evaluation of alternative proxies for the market's assessment of unexpected earnings

1987 • 412 citations

Security Analyst Superiority Relative to Univariate Time-Series Models in Forecasting Quarterly Earnings

2008 • 355 citations

The Time Series of Annual Accounting Earnings

1977 • 347 citations

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

1986 • 303 citations

Do Demand Curves for Stocks Slope Down?

1986 • 299 citations

Dutch Auction Repurchases: An Analysis of Shareholder Heterogeneity

1992 • 280 citations

Univariate Time-Series Models of Quarterly Accounting Earnings per Share: A Proposed Model

1979 • 275 citations

Stock Repurchase by Tender Offer: An Analysis of the Causes of Common Stock Price Changes

1980 • 273 citations

Sample‐Dependent Results Using Accounting and Market Data: Some Evidence

1986 • 265 citations

Repurchase Tender Offers, Signaling, and Managerial Incentives

1984 • 262 citations

Systematic ‘abnormal’ returns after quarterly earnings announcements

1978 • 249 citations

Dividends, Dilution, and Taxes: A Signalling Equilibrium

1985 • 239 citations

Market Implications of Differential Amounts of Interim Information

1980 • 227 citations

The Time-Series Properties of Annual Earnings

1977 • 223 citations

Corporate Financial Policy, Information, and Market Expectations: An Empirical Investigation of Dividends

1987 • 222 citations

The information content of security prices

1987 • 221 citations

The Effect of the Firm's Capital Structure on the Systematic Risk of Common Stocks

1972 • 221 citations

Quarterly Dividend and Earnings Announcements and Stockholders' Returns: An Empirical Analysis

1980 • 221 citations

The Time-Series Behavior of Quarterly Earnings: Preliminary Evidence

1977 • 213 citations

Consistent Estimation of Cross-Sectional Models in Event Studies

1990 • 207 citations

Seasonalities in security returns

1988 • 197 citations

Financial statement analysis

2020 • 194 citations

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

1991 • 190 citations

A Sequential Signalling Model of Convertible Debt Call Policy

1985 • 180 citations

Equity Issues and Stock Price Dynamics

1990 • 176 citations

Earnings and Risk Changes Surrounding Primary Stock Offers

1990 • 176 citations

Corporate Earnings and Financings: An Empirical Analysis

1990 • 162 citations

Earnings and risk changes around stock repurchase tender offers

1991 • 122 citations

Corporate Investment and Dividend Decisions under Differential Personal Taxation

1988 • 107 citations

Some Time Series Properties of Accounting Income

1972 • 98 citations

Convertible call policies

1987 • 91 citations

Accounting information and corporate governance

1990 • 89 citations

The relationship between time-series models and the security market's expectation of quarterly earnings

1984 • 79 citations

A Theory of Stock Price Responses to Alternative Corporate Cash Disbursement Methods: Stock Repurchases and Dividends

1987 • 76 citations

A comparison of the skewness of stock return distributions at earnings and non-earnings announcement dates

1988 • 72 citations

A Sequential Signalling Model of Convertible Debt Call Policy

1985 • 68 citations

Stock Repurchase by Tender Offer: An Analysis of the Causes of Common Stock Price Changes

1980 • 63 citations

Corporate Financial Policy, Information, and Market Expectations: An Empirical Investigation of Dividends

1987 • 62 citations

Sample-Dependent Results Using Accounting and Market Data: Some Evidence

1986 • 59 citations

Dutch Auction Repurchases: An Analysis of Shareholder Heterogeneity

1992 • 50 citations

Stock Issues and Investment Policy When Firms Have Information That Investors Do Not Have

1982 • 46 citations

Some Time Series Properties of Accounting Income Numbers

1981 • 32 citations

The information content of equity-for-debt swaps

1989 • 31 citations

Earnings Expectations and Capital Restructuring: The Case of Equity-for-Debt Swaps

1988 • 27 citations

The Use of Changes in Equity Value as a Measure of the Information Content of Announcements of Changes in Financial Policy

1990 • 6 citations

The Use of Changes in Equity Value as a Measure of the Information Content of Announcements of Changes in Financial Policy

1990 • 5 citations