Adverse Selection and the Required Return

By Nicolae Gârleanu, Lasse Heje Pedersen. 2004

119 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/029172a3246034a41f04f9662a2a373d3db15ef0

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Turan G. Bali
2. Yi Tang
3. Yannan Shen
4. Lin Peng
5. Dimitri Vayanos
6. Jiang Wang
7. Soeren Hvidkjaer

In Economics and Econometrics

1. Yi Tang
2. Turan G. Bali
3. Yannan Shen
4. Lin Peng
5. Jiang Wang
6. Dimitri Vayanos
7. Marco Rocco
8. Nicolae Gârleanu

In Finance

1. Yi Tang
2. Turan G. Bali
3. Yannan Shen
4. Lin Peng
5. Dimitri Vayanos
6. Jiang Wang
7. Marco Rocco
8. Nicolae Gârleanu

Citations in the corpus

• Economic Consequences of Financial Reporting and Disclosure Regulation: A Review and Suggestions for Future Research (2008, unknown): “In addition, adverse selection can distort investors‟ trading decisions and result in inefficient and hence costly asset allocations for which investors need to be compensated, leading to a higher required rate of return or cost of capital (Garleanu and Pedersen, 2004).”
• Liquidity Shocks and Stock Market Reactions (2014, background): “…investigate the relation between liquidity and asset prices include Amihud and Mendelson (1986), Constantinides (1986), Heaton and Lucas (1996), Vayanos (1998), Duffie, Garleanu, and Pedersen (2000, 2003), Huang (2003), Garleanu and Pedersen (2004), and Lo, Mamaysky, and Wang (2004), among others.”
• Valuation in Over-the-Counter Markets (2006, unknown): “We are grateful for conversations with Yakov Amihud, Helmut Bester, Joseph Langsam, Richard Lyons, Tano Santos, and Jeff Zwiebel, and to participants at the NBER Asset Pricing Meeting, the Cowles Foundation Incomplete Markets and Strategic Games Conference, Hitotsubashi University, The London…”
• Why is PIN Priced (2008, unknown): “(See, for instance, Constantinides, 1986, Amihud and Mendelson, 1986, Gârleanu and Pedersen, 2004.)”
• Liquidity and Asset Prices (2005, unknown): “The effect of information asymmetry on the required return is studied in dynamic REE models by Wang (1993, 1994) and in a strategic model by Garleanu and Pedersen (2004). Wang (1993) considers a dynamic infinite-horizon model in which all investors observe a dividend process and the corresponding st”
• Liquidity and Asset Returns Under Asymmetric Information and Imperfect Competition (2011, background): “Measures closely related to λ are, for example, the regression-based measure of Glosten and Harris (1988) and Sadka (2006), and the ratio of average absolute returns to trading volume of Amihud (2002).”