The Long-Run Performance of Global Equity Offerings

Law and Finance

1998 • 17,512 citations

The Long‐Run Performance of initial Public Offerings

1991 • 3,447 citations

The New Issues Puzzle

1995 • 3,411 citations

Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors

2000 • 3,389 citations

A Theory of Intraday Patterns: Volume and Price Variability

1988 • 3,251 citations

Detecting long-run abnormal stock returns: The empirical power and specification of test statistics

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The Relation Between Price Changes and Trading Volume: A Survey

1987 • 2,469 citations

Market efficiency, long-term returns, and behavioral finance1The comments of Brad Barber, David Hirshleifer, S.P. Kothari, Owen Lamont, Mark Mitchell, Hersh Shefrin, Robert Shiller, Rex Sinquefield, Richard Thaler, Theo Vermaelen, Robert Vishny, Ivo Welch, and a referee have been helpful. Kenneth French and Jay Ritter get special thanks.1

1998 • 2,437 citations

Do Investors Trade Too Much?

1999 • 2,227 citations

Foreign Speculators and Emerging Equity Markets

2000 • 1,914 citations

Improved Methods for Tests of Long‐Run Abnormal Stock Returns

1999 • 1,913 citations

Detecting abnormal operating performance: The empirical power and specification of test statistics

1996 • 1,701 citations

Myth or Reality? The Long‐Run Underperformance of Initial Public Offerings: Evidence from Venture and Nonventure Capital‐Backed Companies

1997 • 1,451 citations

Stock Market Liberalization, Economic Reform, and Emerging Market Equity Prices

2000 • 1,343 citations

Initial public offerings: International insights

1994 • 1,290 citations

The Effects of Market Segmentation and Investor Recognition on Asset Prices: Evidence from Foreign Stocks Listing in the United States

1999 • 1,130 citations

Underperformance in long-run stock returns following seasoned equity offerings

1995 • 1,079 citations

Measuring long-horizon security price performance

1997 • 1,071 citations

Return Volatility and Trading Volume: An Information Flow Interpretation of Stochastic Volatility

1996 • 1,001 citations

International Asset Pricing under Mild Segmentation: Theory and Test

1985 • 956 citations

Equity ownership concentration and firm value

1989 • 899 citations

Uniformly least powerful tests of market efficiency

2000 • 865 citations

The market reaction to international cross-listings: evidence from Depositary Receipts

1999 • 780 citations

Trading Volume and Asset Liquidity

1989 • 663 citations

Market Discounts and Shareholder Gains for Placing Equity Privately

1993 • 659 citations

Multimarket Trading and Market Liquidity

1991 • 634 citations

Seasoned public offerings: resolution of the ‘new issues puzzle’

2000 • 560 citations

The Long-Run Performance of Initial Public Offerings: The UK Experience 1980-1988

1993 • 498 citations

International Cross‐Listing and Order Flow Migration: Evidence from an Emerging Market

1998 • 456 citations

Long‐Run Performance following Private Placements of Equity

2002 • 407 citations

Market Segmentation and the Cost of Capital in International Equity Markets

1998 • 383 citations

International Listings and Stock Returns: Some Empirical Evidence

1988 • 347 citations

Asset Pricing and Dual Listing on Foreign Capital Markets: A Note

1987 • 321 citations

Market Segmentation and Stock Prices: Evidence from an Emerging Market

1997 • 316 citations

Firm Size, Book‐to‐Market Ratio, and Security Returns: A Holdout Sample of Financial Firms

1997 • 305 citations

How Different Is Japanese Corporate Finance? An Investigation of the Information Content of New Security Issues

1996 • 293 citations

Foreign Equity Investment Restrictions, Capital Flight, and Shareholder Wealth Maximization: Theory and Evidence

1995 • 264 citations

Managerial Decisions and Long-Term Stock Price Performance

1998 • 259 citations

MARKET IMPERFECTIONS, CAPITAL MARKET EQUILIBRIUM AND CORPORATION FINANCE

1977 • 257 citations

Inference in Long‐Horizon Event Studies: A Bayesian Approach with Application to Initial Public Offerings

2000 • 255 citations

International Listings of Stocks: The Case of Canada and the U.S.

1993 • 248 citations

Institutional affiliation and the role of venture capital: Evidence from initial public offerings in Japan

2000 • 228 citations

Multimarket trading and liquidity: a transaction data analysis of Canada–US interlistings

1998 • 201 citations

The Effects of Market Segmentation and Investor Recognition on Asset Prices: Evidence from Foreign Stocks Listing in the U.S.

1998 • 189 citations

The investment and operating performance of Japanese initial public offerings

1997 • 178 citations

Globalization of Equity Markets and the Cost of Capital

1999 • 145 citations

The Long-Run Return to Investors in Share Issue Privatization

2000 • 125 citations

A Report on the Attitudes of Foreign Companies Regarding a U.S. Listing

1997 • 124 citations

Cross‐Country Listing and Trading Volume: Evidence from the Toronto and Vancouver Stock Exchanges

1997 • 32 citations

DaimlerChrysler AG, the First Truly Global Share

2000 • 23 citations

Deleted Work

1955 • 0 citations