Is PIN Priced Risk

By Partha Mohanram, Shivaram Rajgopal. 2009

154 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/4653b7d5291bf2effe226edf7c4dfb974a027382

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. Christopher S. Armstrong
2. Rodrigo S. Verdi
3. Karthik Balakrishnan
4. Daniel J. Taylor
5. Daniel A. Cohen
6. John E. Core
7. David F. Larcker
8. Robert E. Verrecchia

In Finance

1. Christopher S. Armstrong
2. Karthik Balakrishnan
3. John E. Core
4. Daniel J. Taylor
5. Gopal V. Krishnan
6. S. Hegde
7. John McDermott
8. Asli Ascioglu

Citations in the corpus

• Does Earnings Quality Affect Information Asymmetry? Evidence from Trading Costs*: Earnings Quality and Information Asymmetry (2013, unknown): “4 Evidence in recent studies (Duarte and Young, 2009; Mohanram and Rajgopal, 2009) raises doubts regarding the ability of the PIN measure to capture information risk that is priced by investors.”
• Does PIN affect equity prices around the world (2014, unknown): “2See Appendix A of Mohanram and Rajgopal (2009) for a detailed list of references.”
• Earnings management and market liquidity (2012, background): “between accruals and ex-ante cost of capital, and no association between PIN and ex-ante cost of capital, Mohanram and Rajgopal (2009) suggest that studies that use PIN-based measure of information risk and the accruals-based accounting quality measure can provide conflicting results due to the in”
• Cost of Capital and Earnings Transparency (2008, unknown): “…in the finance literature to determine whether posited risk factors are associated with cost of capital by determining whether such factors explain subsequent returns incremental to the Fama-French and momentum factors (e.g., Fama and French, 1993; Mohanram and Rajgopal, 2009; Konchitchki, 2011).”
• Accounting Quality, Stock Price Delay and Future Stock Returns (2013, unknown): “Hughes, Liu, and Liu (2007), Core, Guay, and Verdi (2008) and Mohanram and Rajgopal (2009) suggest no risk premium for information asymmetry.”
• Corporate governance and the information environment: Evidence from state antitakeover laws ☆ (2012, methodology): “PIN has been widely used in recent studies as a proxy for information asymmetry (e.g., LaFond and Watts, 2008; Mohanram and Rajgopal, 2009; Armstrong, Core, Taylor, and Verrecchia, 2011).”
• Investor Competition Over Information and the Pricing of Information Asymmetry (2011, methodology): “Second, we extend previous literature that has empirically investigated the pricing of information asymmetry and information quality (e.g., Easley et al. 2002; Francis et al. 2004, 2005; Core et al. 2008; Duarte and Young 2009; Mohanram and Rajgopal 2009; McInnis 2010).”
• When Does Information Asymmetry Affect the Cost of Capital (2011, result): “Thus, one way to reconcile the findings of these papers with those of Core, Guay, and Verdi (2008) and Mohanram and Rajgopal (2009) is to suggest that the former speaks to imperfect competition settings while the latter concerns primarily perfect competition settings.”