Investor recognition and stock returns

By Reuven Lehavy, Richard G. Sloan. 2008

214 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/b68cc8471f7184c9d1f1631a6370c7dd074900e8

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Citations in the corpus

Attracting investor attention through advertising (2014, background): “9See, for example, Gervais, Kaniel, and Mingelgrin (2001); Chen, Noronha, and Singal (2004); Seasholes and Wu (2007); Barber and Odean (2008); Lehavy and Sloan (2008); Fang and Peress (2009); Kaniel, Li, and Starks (2010).”
Institutional Investors and Stock Return Anomalies (2016, unknown): “Indeed, our results are consistent with Lewellen’s (2011) argument that book-to-market and momentum anomalies cannot be attributed to limits-ofarbitrage that prohibit institutional investors from exploiting the anomalies.”
Company reputation and the cost of equity capital (2014, unknown): “In addition, changes in investor recognition are negatively associated with future stock returns (Lehavy and Sloan 2008), and media coverage is negatively associated with expected stock returns (Fang and Peress 2009).”
Investor Perceptions of Financial Misconduct: The Heterogeneous Contamination of Bystander Firms (2015, background): “Previous research has shown that familiarity is largely determined by firm size (e.g., Bushee & Miller, 2012; Lehavy & Sloan, 2008).”
Retail Investor Attention and Stock Liquidity (2015, unknown): “By the same token, Lehavy and Sloan (2008) contend that an exchange listing increases an increase in the relative size of the firm’s investor base will reduce the firm’s cost of capital and increase the market value of the firm.””
The Role of Dissemination in Market Liquidity: Evidence from Firms' Use of Twitter (2013, unknown): “21 Finally, we use the number of institutions holding a firm’s share following Lehavy and Sloan (2008), who use this measure to proxy for investor recognition.”
Accounting Standards Harmonization and Financial Statement Comparability: Evidence from Transnational Information Transfer (2014, background): “Moreover, larger rms typically represent industry leaders, commanding higher visibility that increases the e¤ectiveness of the information signal (Merton, 1987; Lehavy and Sloan, 2008).”
Investor Competition Over Information and the Pricing of Information Asymmetry (2011, unknown): “In particular, the increased price impact of the trades results in traders buying (selling) shares at average higher (lower) prices.3 To the extent that traders require a return to be compensated for trading costs, the cost of capital is higher for firms with higher trading costs (Amihud and Mendels”