Market Reactions to Tangible and Intangible Information

By Kent D. Daniel, Sheridan Titman. 2006

206 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/ec1736635fb03c7cb955713aee9c57a4565b77a7

Citations in the corpus

• Market maturity and mispricing (2016, unknown): “• Financial distress [Campbell, Hilscher, and Szilagyi (2008)] • O-Score bankruptcy probability [Ohlson (1980)] • Net stock issues [Ritter (1991), Loughran and Ritter (1995)] • Composite equity issues [Daniel and Titman (2006)]”
• Overpriced Shares, Ill-Advised Acquisitions, and Goodwill Impairment (2011, unknown): “Following Daniel and Titman (2006), equity issuance is measured as the difference between the log of the ratio of the firm’s market value at year t to its market value at year t–5 and the log of the firm’s stock return from year t–5 to year t. 12 In their study of share overpricing and corporate…”
• The Long of It: Odds That Investor Sentiment Spuriously Predicts Anomaly Returns (2014, unknown): “Composite equity issues (Daniel and Titman, 2006) 5.”
• Asset Growth and the Cross-Section of Stock Returns (2008, unknown): “In further tests we examine the relationship between the asset growth effect and the equity issuance/repurchase effect (Ikenberry, Lakonishok, and Vermaelen (1995), Loughran and Ritter (1995), Daniel and Titman (2006)).”
• A Financing-Based Misvaluation Factor and the Cross Section of Expected Returns (2010, unknown): “…in recent literature, including external financing (EXFIN) as in Bradshaw, Richardson, and Sloan (2006), net composite issuance (IR) as in Daniel and Titman (2006), the investment-asset ratio (IVA) as in Lyandres, Sun, and Zhang (2008), net operating assets (NOA) as in…”
• Labor Hiring, Investment, and Stock Return Predictability in the Cross Section (2014, unknown): “equation (19) that γt is time varying and decreases in the demeaned aggregate productivity shock xt − x̄ to capture the countercyclical price of risk with γ1 < 0.”
• Small Trades and the Cross-Section of Stock Returns (2008, unknown): “The bm effect has been linked to overvaluation (see, e.g., Lakonishok, Shleifer, and Vishny, 1994; Daniel and Titman, 2006), hence one might expect sstt to have a stronger relationship with future returns among low bm stocks.”
• Share Issuance and Cross-Sectional Returns: International Evidence (2009, unknown): “The cross-stock issuance effect in the U.S. is documented by Daniel and Titman (2006), Pontiff and Woodgate (2006), and Fama and French (2007).”
• The Business Cycle, Investor Sentiment, and Costly External Finance (2012, unknown): “…issuance decisions is suggested by a CEO survey in Graham and Harvey (2001), and also in Ritter (1991), Loughran and Ritter (1995, 1997), Baker and Wurgler (2000, 2002), Daniel and Titman (2006), Pontiff and Woodgate (2008), McLean, Pontiff, and Watanabe (2009), and Hirshleifer and Jiang (2010).”