Learning from Peers' Stock Prices and Corporate Investment
By Thierry Foucault, L. Frésard. 2014
515 citations recorded by the source corpus.
Subfields: Accounting, Finance
View Paper: https://www.semanticscholar.org/paper/57f2d98007fe32984f9cde993b7ae4076ea517c9
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Accounting
- Liyan Yang
- Itay Goldstein
- Adrien Matray
- Xavier Vives
- Bengt R. Holmstrom
- Alex Edmans
- Thierry Foucault
- Amil Dasgupta
In Finance
- Liyan Yang
- Itay Goldstein
- Adrien Matray
- Xavier Vives
- Alex Edmans
- Bengt R. Holmstrom
- Sudarshan Jayaraman
- Thierry Foucault
Citations in the corpus
- Good disclosure, bad disclosure (2019, background): “, Luo, 2005; Chen, Goldstein, and Jiang, 2007; Edmans, Goldstein, and Jiang, 2012; Foucault and Frésard, 2013). See Bond, Edmans, and Goldstein (2012) for a recent survey.”
- Peer Effects of Corporate Social Responsibility (2019, unknown): “Such effects are also found in corporate precautionary cash holdings (e.g., Hoberg et al. (2014)), corporate investment decisions (e.g., Foucault and Fresard (2014)), and financial misconduct (e.g., Parsons, Sulaeman, and Titman (2015), Kaustia and Rantala (2015)).”
- Big Data as a Governance Mechanism (2019, unknown): “put less weight on their own stock price (Foucault and Fresard 2014).”
- 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.”
- The local innovation spillovers of listed firms (2021, background): “The second follows Garmaise (2009) and is an index ranging from 0 to 7 and count the number of employer-friendly provisions: higher values indicate stronger enforceability of non-compete laws.”