Breadth of Ownership and Stock Returns
By Joseph Chen, Harrison G. Hong, Jeremy C. Stein. 2002
1,110 citations recorded by the source corpus.
Subfields: Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/297e6ca862d9f424f2871560b9d4b5adad01871e
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
- Harrison G. Hong
- Snehal Banerjee
- Philipp Krueger
- Cars H. Hommes
- Jianfeng Yu
- Alp Simsek
- Nicholas Barberis
- Jose A. Scheinkman
In Finance
- Harrison G. Hong
- Michael Weber
- Avanidhar Subrahmanyam
- David A. Hirshleifer
- Jianfeng Yu
- Nicholas Barberis
- Snehal Banerjee
- Rob Stambaugh
Citations in the corpus
- Company reputation and the cost of equity capital (2014, positive): “Following Chen et al. (2002) and Lehavy and Sloan (2008), we measure changes in investor recognition by the percentage change in the number of 13-”
- Short Interest, Institutional Ownership, and Stock Returns (2005, background): “This is most clearly stated by Chen, Hong, and Stein (2002), who write that “there need be no clear cut relationship between short interest and subsequent returns.””
- Why Don't We Agree? Evidence from a Social Network of Investors (2019, background): “Heterogenious investor beliefs play a central role in explaining financial speculative bubbles (e.g., Chen et al., 2002 and Scheinkman and Xiong, 2003).”
- Behavioral Heterogeneity in Stock Prices (2007, methodology): “This hypothesis was introduced by Miller (1977) and is recently reconsidered by Chen et al. (2002) and Hong and Stein (2003).”
- Cash Flow Duration and the Term Structure of Equity Returns (2018, positive): “Chen et al. (2002) propose the breadth of institutional ownership as a measure of short-sale constraints.”
- Does Fund Size Erode Performance? Liquidity, Organizational Diseconomies and Active Money Management (2003, result): “The results are similar to those in Panel B.”