Cross-Listing, Investment Sensitivity to Stock Price, and the Learning Hypothesis

281 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Learning from Peers' Stock Prices and Corporate Investment (2014, background): “…of peers in rms decision making (e.g., 6See for instance Durnev, Morck, and Yeung (2004), Luo (2005), Chen, Goldstein, and Jiang (2007), Fang, Noe, and Tice (2009), Bakke and Whited (2010), Ferreira, Ferreira, and Raposo (2011), Edmans, Goldstein, and Jiang (2012), or Foucault and Frésard (2012).”
The source of information in prices and investment-price sensitivity (2017, unknown): “For example, Foucault and Frésard (2012) ﬁnd that cross-listing leads to a doubling of investment-q sensitivity, suggesting that learning effects can be substantial.”
Does stock price informativeness affect labor investment efficiency (2016, methodology): “A growing strand of literature suggests that the information aggregated and transmitted into stock prices via the trading activities of different speculators and investors in the stock markets (Grossman and Stiglitz, 1980; Kyle, 1985), may be used by managers when making investment decisions. Empiri”