Stock price informativeness, cross-listings, and investment decisions

By Thierry Foucault, Thomas Gehrig. 2006

205 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/4628223ad90bf3bff5161627977ce56997b1127e

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Citations in the corpus

Learning from Peers' Stock Prices and Corporate Investment (2014, background): “…not the case in which they also learn from their peers (see, for instance, Bresnahan, Milgrom; and Paul, 1992; Dow and Gorton, 1997; Subrahmanyam and Titman, 1999; Goldstein and Guembel, 2008; Foucault and Gehrig, 2008; Dow, Goldstein, and Guembel, 2011; and Edmans, Goldstein, and Jiang, 2013).”
Government Intervention and Information Aggregation by Prices: Government Intervention and Information Aggregation by Prices (2015, unknown): “…from asset prices to real decisions; see, for example, Fishman and Hagerty (1992), Leland (1992), Khanna, Slezak, and Bradley (1994), Boot and Thakor (1997), Dow and Gorton (1997), Subrahmanyam and Titman (1999), Fulghieri and Lukin (2001), Foucault and Gehrig (2008), and Bond and Eraslan (2010).”
The Bright Side of Financial Derivatives: Options Trading and Firm Innovation (2016, unknown): “Foucault and Gehrig (2008) show that cross-listing enables firms to obtain more precise information on the value of their growth opportunities, which allows managers to make better investment decisions.”
Good disclosure, bad disclosure (2019, background): “…that the cash flows from the traded security are endogenous and affected by market prices, whereas the first basic effect would exist even in a model where the cash flows from the traded security do not depend on market prices (as in Subrahmanyam and Titman, 1999 and Foucault and Gehrig, 2008 ).”
Market-Based Corrective Actions (2010, background): “…that there is a strong complementarity between an agent’s direct sources of information and his use of 1 See also Subrahmanyam and Titman (1999) and Foucault and Gehrig (2008) for models in which the information in the price affects a corporate action, but this is not reflected in the price of…”
Incentives for Information Production in Markets where Prices Affect Real Investment (2016, background): “…prices to firm cash flows, among others, Fishman and Hagerty (1992), Leland (1992), Dow and Gorton (1997), Subrahmanyam and Titman (1999), Dow and Rahi (2003), Foucault and Gehrig (2008), Goldstein and Guembel (2008), Bond, Goldstein, and Prescott (2010), and Albagli, Hellwig, and Tsyvinski (2014).”
International Financial Integration Through Equity Markets: Which Firms from Which Countries Go Global? (2007, unknown): “Foucault and Gehrig (2006) show that cross-listing allows firms to make better investment decisions because it enhances stock price informativeness.”
The Real Effects of Financial Markets (2012, unknown): “In a model of primary markets, Fulghieri and Lukin (2001) challenge the conclusion of the pecking-order theory by Myers and Majluf (1984), according to which firms will issue debt rather than equity, because the former is less information- 22 sensitive and thus subject to fewer adverse selection…”
The source of information in prices and investment-price sensitivity (2017, unknown): “As in Subrahmanyam and Titman (1999) and Foucault and Gehrig (2008) , we consider securities that are a claim only to assets in place θ , rather than the sum of assets in place and growth opportunities.”