Market Efficiency, Long-Term Returns, and Behavioral Finance

Common risk factors in the returns on stocks and bonds

1993 • 26,177 citations

Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency

1993 • 10,751 citations

Efficient Capital Markets: A Review of Theory and Empirical Work

1970 • 10,493 citations

Capital Asset Prices: A Theory of Market Equilibrium under Conditions of Risk

1964 • 7,201 citations

Does the Stock Market Overreact?

1985 • 7,120 citations

The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets

1965 • 7,112 citations

An Intertemporal Capital Asset Pricing Model

1973 • 6,653 citations

An Empirical Evaluation of Accounting Income Numbers

1968 • 6,381 citations

Multifactor Explanations of Asset Pricing Anomalies

1996 • 6,381 citations

The relationship between return and market value of common stocks

1981 • 6,052 citations

The Cross-Section of Expected Stock Returns

1992 • 5,405 citations

Contrarian Investment, Extrapolation, and Risk

1994 • 4,396 citations

The Determination of Financial Structure: The Incentive-Signalling Approach

1977 • 3,814 citations

The Hubris Hypothesis of Corporate Takeovers

1986 • 3,809 citations

The Long‐Run Performance of initial Public Offerings

1991 • 3,447 citations

The New Issues Puzzle

1995 • 3,411 citations

The Adjustment of Stock Prices to New Information

1969 • 3,289 citations

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

1997 • 2,839 citations

Evidence that stock prices do not fully reflect the implications of current earnings for future earnings

1990 • 2,121 citations

Market underreaction to open market share repurchases

1995 • 1,824 citations

Price performance of common stock new issues

1975 • 1,377 citations

Special Information and Insider Trading

1974 • 1,307 citations

Momentum Strategies

1996 • 1,172 citations

The Post‐Merger Performance of Acquiring Firms: A Re‐examination of an Anomaly

1992 • 1,140 citations

Intuitive prediction: Biases and corrective procedures

1982 • 1,113 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

Common stock repurchases and market signalling

1981 • 1,054 citations

Price Reactions to Dividend Initiations and Omissions: Overreaction or Drift?

1995 • 1,000 citations

Merger bids, uncertainty, and stockholder returns

1983 • 979 citations

Do Long-Term Shareholders Benefit From Corporate Acquisitions?

1997 • 947 citations

Risk and return: The case of merging firms

1974 • 927 citations

The Information Content of Dividends

1973 • 636 citations

The effects of capital structure change on security prices

1980 • 541 citations

What Do Stock Splits Really Signal?

1996 • 405 citations

Anomalous Price Behavior Around Repurchase Tender Offers

1990 • 404 citations

Restructuring through spinoffs

1993 • 360 citations

Chapter 13 Financial decision-making in markets and firms: A behavioral perspective

1995 • 358 citations

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

1997 • 346 citations

Long‐Run Common Stock Returns Following Stock Splits and Reverse Splits

1997 • 283 citations

Managerial Decisions and Long-Term Stock Price Performance

1998 • 259 citations

The Long‐Run Negative Drift of Post‐Listing Stock Returns

1995 • 194 citations

A Theory of Overconfidence, Self-Attribution, and Security Market Under- and Over-reactions

1997 • 183 citations

Corporate Governance Through the Proxy Contest: Evidence and Implications

1993 • 152 citations

Discounting Under Uncertainty

1996 • 109 citations

Philip M. Hauser & Leo F. Schnore ed.: The Study of Urbanization, John Wiley & Sons, New York, 1965, pp. 554

1967 • 2 citations