Back to search

Confronting Information Asymmetries: Evidence from Real Estate Markets

Data up to Jan 2025

Published2003
Citations295
References49

Total Citations Per Year

Abstract

References (49)

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

1980 • 25,774 citations

The Market for "Lemons": Quality Uncertainty and the Market Mechanism

1970 • 21,732 citations

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

1984 • 18,167 citations

Specification Tests in Econometrics

1978 • 17,234 citations

What Do We Know about Capital Structure? Some Evidence from International Data

1995 • 6,521 citations

The theory and practice of corporate finance: evidence from the field

2001 • 5,555 citations

The Determinants of Capital Structure Choice

1988 • 5,494 citations

INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION

1977 • 4,200 citations

Informational Asymmetries, Financial Structure, and Financial Intermediation

1977 • 3,499 citations

Testing Trade-Off and Pecking Order Predictions About Dividends and Debt

2002 • 3,444 citations

The Capital Structure Puzzle

1984 • 2,824 citations

Home Bias at Home: Local Equity Preference in Domestic Portfolios

1999 • 2,810 citations

Why Do Companies Go Public? An Empirical Analysis

1998 • 1,894 citations

Testing static tradeoff against pecking order models of capital structure1This paper has benefited from comments by seminar participants at Boston College, Boston Unsiversity, Dartmouth College, Massachusetts Institute of Technology, University of Massachusetts, Ohio State University, University of California at Los Angeles and the NBER, especially Eugene Fama and Robert Gertner. The usual disclaimers apply. Funding from MIT and the Tuck School at Dartmouth College is gratefuly acknowledged. We…

1999 • 1,846 citations

The Geography of Investment: Informed Trading and Asset Prices

2001 • 1,838 citations

What Do We Know about Capital Structure? Some Evidence from International Data

1995 • 1,779 citations

Information, trade and common knowledge

1982 • 1,739 citations

Debt Maturity Structure and Liquidity Risk

1991 • 1,735 citations

Conflict of Interest and the Credibility of Underwriter Analyst Recommendations

1999 • 1,595 citations

Venture Capitalists and the Oversight of Private Firms

1995 • 1,506 citations

Information Reliability and a Theory of Financial Intermediation

1984 • 1,214 citations

The Determinants of Capital Structure Choice

1988 • 1,213 citations

The Equity Share in New Issues and Aggregate Stock Returns

2000 • 1,160 citations

Testing for Asymmetric Information in Insurance Markets

2000 • 998 citations

A Liquidity-based Model of Security Design

1999 • 773 citations

An Efficient Semiparametric Estimator for Binary Response Models

1993 • 765 citations

Reputation Effects and the Limits of Contracting: A Study of the Indian Software Industry*

2000 • 526 citations

Cream‐Skimming or Profit‐Sharing? The Curious Role of Purchased Order Flow

1996 • 507 citations

The Reasons for Wage Rigidity: Evidence from a Survey of Firms

1997 • 504 citations

The Effect of Information Releases on the Pricing and Timing of Equity Issues

1991 • 431 citations

Symmetrically Trimmed Least Squares Estimation for Tobit Models

1986 • 425 citations

Selection Effects in the United Kingdom Individual Annuities Market

2002 • 384 citations

Optimal Design of Securities under Asymmetric Information

1994 • 384 citations

The Priority Structure of Corporate Liabilities

1995 • 383 citations

Is there a pecking order? Evidence from a panel of IPO firms

1996 • 355 citations

Venture Capitalists and the Oversight of Private Firms

1995 • 335 citations

Rat Race Redux: Adverse Selection in the Determination of Work Hours in Law Firms

1996 • 316 citations

An Investigation of the Robustness of the Tobit Estimator to Non-Normality

1982 • 307 citations

ABNORMAL SELECTION BIAS

1983 • 275 citations

Valuation uncertainty, institutional involvement, and the underpricing of IPOs: The case of REITs

1997 • 255 citations

Adverse Selection in the Wholesale Used Car Market

1993 • 253 citations

Cream-Skimming or Profit-Sharing? The Curious Role of Purchased Order Flow

1996 • 198 citations

Temporal and Spatial Information Diffusion in Real Estate Price Changes and Variances

1997 • 134 citations

Rat race redux: adverse selection in the determination of work hours

2011 • 93 citations

Informal Financial Networks: Theory and Evidence

2003 • 86 citations

The Priority Structure of Corporate Liabilities

1995 • 75 citations

Patterns of Trade in the Market for Used Durables: Theory and Evidence

1999 • 69 citations

Is the Information Deficiency in Real Estate Evident in Public Market Trading?

1999 • 48 citations

An empirical analysis of cross-security information asymmetry and the “pecking order” hypothesis

1995 • 4 citations

Cited By (0)

Loading...