메뉴 건너뛰기




Volumn 73, Issue 3, 2000, Pages 287-329

Managerial decisions and long-term stock price performance

Author keywords

[No Author keywords available]

Indexed keywords


EID: 0039372633     PISSN: 00219398     EISSN: None     Source Type: Journal    
DOI: 10.1086/209645     Document Type: Article
Times cited : (934)

References (34)
  • 2
    • 0031097135 scopus 로고    scopus 로고
    • Detecting long-run abnormal stock returns: The empirical power and specification of test statistics
    • Barber, Brad M., and Lyon, John D. 1997. Detecting long-run abnormal stock returns: The empirical power and specification of test statistics. Journal of Financial Economics 43 (March): 341-72.
    • (1997) Journal of Financial Economics , vol.43 , Issue.MARCH , pp. 341-372
    • Barber, B.M.1    Lyon, J.D.2
  • 3
    • 0001840634 scopus 로고
    • Cross-sectional dependence and problems in inference in market-based accounting research
    • Bernard, Victor L. 1987. Cross-sectional dependence and problems in inference in market-based accounting research. Journal of Accounting Research 25 (Spring): 1-48.
    • (1987) Journal of Accounting Research , vol.25 , Issue.SPRING , pp. 1-48
    • Bernard, V.L.1
  • 4
    • 0038957303 scopus 로고    scopus 로고
    • Inference in long-horizon event studies: A parametric bootstrap approach with application to initial public offerings
    • In press
    • Brav, Alon. In press. Inference in long-horizon event studies: A parametric bootstrap approach with application to initial public offerings. Journal of Finance.
    • Journal of Finance
    • Brav, A.1
  • 6
    • 0007193104 scopus 로고    scopus 로고
    • Myth or reality? The long-run underperformance of initial public offerings: Evidence from venture-and nonventure-capital-backed companies
    • Brav, Alon, and Gompers, Paul A. 1997. Myth or reality? The long-run underperformance of initial public offerings: Evidence from venture-and nonventure-capital-backed companies. Journal of Finance 52 (December): 1791-1820.
    • (1997) Journal of Finance , vol.52 , Issue.DECEMBER , pp. 1791-1820
    • Brav, A.1    Gompers, P.A.2
  • 7
    • 84977707376 scopus 로고
    • Simple trading rules and the stochastic properties of stock returns
    • Brock, William; Lakonishok, Josef; and LeBaron, Blake. 1992. Simple trading rules and the stochastic properties of stock returns. Journal of Finance 47 (December): 1731-64.
    • (1992) Journal of Finance , vol.47 , Issue.DECEMBER , pp. 1731-1764
    • Brock, W.1    Lakonishok, J.2    Lebaron, B.3
  • 8
    • 0039341185 scopus 로고
    • Evaluating the performance of value versus glamour stocks: The impact of selection bias
    • Chan Louis K. C.; Jegadeesh, Narasimhan; and Lakonishok, Josef. 1995. Evaluating the performance of value versus glamour stocks: The impact of selection bias. Journal of Financial Economics 38 (July): 269-96.
    • (1995) Journal of Financial Economics , vol.38 , Issue.JULY , pp. 269-296
    • Chan, L.K.C.1    Jegadeesh, N.2    Lakonishok, J.3
  • 10
    • 0002449995 scopus 로고
    • A comparison of alternative testing methodologies used in capital market research
    • Collins, Daniel W., and Dent, Warren T. 1984. A comparison of alternative testing methodologies used in capital market research. Journal of Accounting Research 22 (Spring): 48-84.
    • (1984) Journal of Accounting Research , vol.22 , Issue.SPRING , pp. 48-84
    • Collins, D.W.1    Dent, W.T.2
  • 11
    • 0000380080 scopus 로고
    • Poison or placebo? Evidence on the deterrent and wealth effects of modern antitakeover measures
    • Comment, Robert, and Schwert, G. William. 1995. Poison or placebo? Evidence on the deterrent and wealth effects of modern antitakeover measures. Journal of Financial Economics 39 (September): 3-43.
    • (1995) Journal of Financial Economics , vol.39 , Issue.SEPTEMBER , pp. 3-43
    • Comment, R.1    Schwert, G.W.2
  • 12
    • 0040466663 scopus 로고
    • Characteristics, covariances and average returns
    • In press
    • Davis, James L.; Fama, Eugene F.; and French, Kenneth R. In press. Characteristics, covariances and average returns: 1929 to 1997. Journal of Finance.
    • (1929) Journal of Finance
    • Davis, J.L.1    Fama, E.F.2    French, K.R.3
  • 14
    • 0000480869 scopus 로고
    • Efficient capital markets: A review of theory and empirical work
    • Fama, Eugene F. 1970. Efficient capital markets: A review of theory and empirical work. Journal of Finance 25 (May): 383-417.
    • (1970) Journal of Finance , vol.25 , Issue.MAY , pp. 383-417
    • Fama, E.F.1
  • 15
    • 0346207692 scopus 로고    scopus 로고
    • Market efficiency, long-term returns, and behavioral finance
    • Fama, Eugene F. 1998. Market efficiency, long-term returns, and behavioral finance. Journal of Financial Economics 49 (September): 283-306.
    • (1998) Journal of Financial Economics , vol.49 , Issue.SEPTEMBER , pp. 283-306
    • Fama, E.F.1
  • 16
    • 84977737676 scopus 로고
    • The cross-section of expected stock returns
    • Fama, Eugene F., and French, Kenneth R. 1992. The cross-section of expected stock returns. Journal of Finance 46 (June): 427-65.
    • (1992) Journal of Finance , vol.46 , Issue.JUNE , pp. 427-465
    • Fama, E.F.1    French, K.R.2
  • 17
    • 38549147867 scopus 로고
    • Common risk factors in the returns on stocks and bonds
    • Fama, Eugene F., and French, Kenneth R. 1993. Common risk factors in the returns on stocks and bonds. Journal of Financial Economics 33 (February): 3-56.
    • (1993) Journal of Financial Economics , vol.33 , Issue.FEBRUARY , pp. 3-56
    • Fama, E.F.1    French, K.R.2
  • 18
  • 19
    • 0010159672 scopus 로고
    • The postmerger share-price performance of acquiring firms
    • Franks, Julian; Harris, Robert S.; and Titman, Sheridan. 1991. The postmerger share-price performance of acquiring firms. Journal of Financial Economics 29 (March): 81-96.
    • (1991) Journal of Financial Economics , vol.29 , Issue.MARCH , pp. 81-96
    • Franks, J.1    Harris, R.S.2    Titman, S.3
  • 20
    • 0000083295 scopus 로고    scopus 로고
    • Bootstrap methods in econometrics: Theory and numerical performance
    • D. M. Kreps and K. F. Wallis (eds.), Seventh World Congress. Cambridge: Cambridge University Press
    • Horowitz, Joel L. 1996. Bootstrap methods in econometrics: Theory and numerical performance. In D. M. Kreps and K. F. Wallis (eds.), Advances in Economics and Econometrics: Theory and Applications. Seventh World Congress. Cambridge: Cambridge University Press.
    • (1996) Advances in Economics and Econometrics: Theory and Applications
    • Horowitz, J.L.1
  • 22
    • 0000929855 scopus 로고
    • Special information and insider trading
    • Jaffe, Jeffrey. 1974. Special information and insider trading. Journal of Business 47 (July): 411-28.
    • (1974) Journal of Business , vol.47 , Issue.JULY , pp. 411-428
    • Jaffe, J.1
  • 23
    • 84993888629 scopus 로고
    • Another look at the cross-section of expected stock returns
    • Kothari, S. P.; Shanken, Jay; and Sloan, Richard G. 1995. Another look at the cross-section of expected stock returns. Journal of Finance 50 (March): 185-224.
    • (1995) Journal of Finance , vol.50 , Issue.MARCH , pp. 185-224
    • Kothari, S.P.1    Shanken, J.2    Sloan, R.G.3
  • 24
    • 0031097376 scopus 로고    scopus 로고
    • Measuring long-horizon security performance
    • Kothari, S. P., and Warner, Jerold B. 1997. Measuring long-horizon security performance. Journal of Financial Economics 43 (March): 301-39.
    • (1997) Journal of Financial Economics , vol.43 , Issue.MARCH , pp. 301-339
    • Kothari, S.P.1    Warner, J.B.2
  • 26
    • 0008744302 scopus 로고    scopus 로고
    • Do long-term shareholders benefit from corporate acquisitions?
    • Loughran, Tim, and Vijh, Anand M. 1997. Do long-term shareholders benefit from corporate acquisitions? Journal of Finance 52 (December): 1765-90.
    • (1997) Journal of Finance , vol.52 , Issue.DECEMBER , pp. 1765-1790
    • Loughran, T.1    Vijh, A.M.2
  • 27
    • 0009885154 scopus 로고    scopus 로고
    • Improved methods for tests of long-run abnormal stock returns
    • Lyon, John D.; Barber, Brad; and Tsai, Chih-Ling. 1999. Improved methods for tests of long-run abnormal stock returns. Journal of Finance 54 (February): 165-201.
    • (1999) Journal of Finance , vol.54 , Issue.FEBRUARY , pp. 165-201
    • Lyon, J.D.1    Barber, B.2    Tsai, C.-L.3
  • 28
    • 49549160079 scopus 로고
    • Risk and return: The case of merging firms
    • Mandelker, Gershon. 1974. Risk and return: The case of merging firms. Journal of Financial Economics 1 (December): 303-35.
    • (1974) Journal of Financial Economics , vol.1 , Issue.DECEMBER , pp. 303-335
    • Mandelker, G.1
  • 29
    • 0030160301 scopus 로고    scopus 로고
    • The impact of industry shocks on takeover and restructuring activity
    • Mitchell, Mark L., and Mulherin, J. Harold. 1996. The impact of industry shocks on takeover and restructuring activity. Journal of Financial Economics 41 (June): 193-229.
    • (1996) Journal of Financial Economics , vol.41 , Issue.JUNE , pp. 193-229
    • Mitchell, M.L.1    Mulherin, J.H.2
  • 30
    • 0001012637 scopus 로고    scopus 로고
    • Glamour, value, and the post-acquisition performance of acquiring firms
    • Rau, P. Raghavendra, and Vermaelen, Theo. 1998. Glamour, value, and the post-acquisition performance of acquiring firms. Journal of Financial Economics 49 (August): 223-53.
    • (1998) Journal of Financial Economics , vol.49 , Issue.AUGUST , pp. 223-253
    • Rau, P.R.1    Vermaelen, T.2
  • 31
    • 84977717063 scopus 로고
    • The long-run performance of initial public offerings
    • Ritter, Jay R. 1991. The long-run performance of initial public offerings. Journal of Finance 46 (March): 3-27.
    • (1991) Journal of Finance , vol.46 , Issue.MARCH , pp. 3-27
    • Ritter, J.R.1
  • 32
    • 0000370978 scopus 로고
    • An approach to statistical inference in cross-sectional models with security abnormal returns as dependent variables
    • Sefcik, Stephen E., and Thompson, Rex. 1986. An approach to statistical inference in cross-sectional models with security abnormal returns as dependent variables. Journal of Accounting Research 24 (Autumn): 316-34.
    • (1986) Journal of Accounting Research , vol.24 , Issue.AUTUMN , pp. 316-334
    • Sefcik, S.E.1    Thompson, R.2
  • 33
    • 0010960285 scopus 로고    scopus 로고
    • The delisting bias in CRSP data
    • Shumway, Tyler. 1997. The delisting bias in CRSP data. Journal of Finance 52 (March): 327-40.
    • (1997) Journal of Finance , vol.52 , Issue.MARCH , pp. 327-340
    • Shumway, T.1
  • 34
    • 58149364936 scopus 로고
    • Underperformance in long-run stock returns following seasoned equity offerings
    • Speiss, D. Katherine, and Affleck-Graves, John. 1995. Underperformance in long-run stock returns following seasoned equity offerings. Journal of Financial Economics 38 (July): 243-67.
    • (1995) Journal of Financial Economics , vol.38 , Issue.JULY , pp. 243-267
    • Speiss, D.K.1    Affleck-Graves, J.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.