Value creating stock manipulation: feedback effect of stock prices on firm value
By N. Khanna, Ramana Sonti. 2004
134 citations recorded by the source corpus.
Subfields: Accounting, Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/9e3673e3c7c28acb63c69937669664c0c280e2aa
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Accounting
- Gustavo Manso
- Itay Goldstein
- Emre Ozdenoren
- Kathy Yuan
- Alex Edmans
- Xavier Vives
- Bengt R. Holmstrom
- Thierry Foucault
In Economics and Econometrics
- Itay Goldstein
- Emre Ozdenoren
- Gustavo Manso
- Kathy Yuan
- Liyan Yang
- Xavier Vives
- Bengt R. Holmstrom
- Anna Pavlova
In Finance
- Emre Ozdenoren
- Itay Goldstein
- Gustavo Manso
- Kathy Yuan
- Alex Edmans
- Liyan Yang
- Xavier Vives
- Bengt R. Holmstrom
Citations in the corpus
- Trading Frenzies and Their Impact on Real Investment (2013, background): “Khanna and Sonti (2004) also model feedback exogenously and show how a single trader can increase the value of his existing inventory in the stock by trading to affect the value of the firm.”
- Feedback effects of credit ratings (2013, background): “W (δB) = 0 and W ′(δB) = 0. b.”
- The Real Effects of Financial Markets (2012, unknown): “Several papers in the literature generate related implications based on models with exogenous feedback, i.e., where firm value or the firm’s investment decision is assumed to be mechanically tied to the price; see: Khanna and Sonti (2004) and Ozdenoren and Yuan (2008).”
- Feedback and the Success of Irrational Investors (2003, unknown): “Subrahmanyam and Titman (2001) and Khanna and Sonti (2004) analyze feedback from the stock market to cash flows in a setting with fully rational investors.”