Abel, A.B. (1983) Optimal investment under uncertainty. The American Economic Review, 73, 228–233.
Agrawal, A., Chadha, S. & Chen, M.A. (2006) Who is afraid of Reg FD? The behavior and performance of sell‐side analysts following the SEC's Fair Disclosure rules. The Journal of Business, 79, 2811–2834.
- Allen, F. (1993) Stock markets and resource allocation. In: Mayer, C. & Vives, X. (Eds.) Capital markets and financial intermediation. Cambridge, UK: Cambridge University Press, pp. 81–115.
Paper not yet in RePEc: Add citation now
Amador, M. & Weill, P.‐O. (2010) Learning from prices: public communication and welfare. Journal of Political Economy, 118, 866–907.
Andrei, D., Mann, W. & Moyen, N. (2019) Why did the q theory of investment start working? Journal of Financial Economics, 133, 251–272.
Bae, K.‐H., Ozoguz, A., Tan, H. & Wirjanto, T.S. (2012) Do foreigners facilitate information transmission in emerging markets? Journal of Financial Economics, 105, 209–227.
Bajo, E. (2010) The information content of abnormal trading volume. Journal of Business Finance & Accounting, 37(7–8), 950–978.
Baker, M., Stein, J.C. & Wurgler, J. (2003) When does the market matter? Stock prices and the investment of equity‐dependent firms. The Quarterly Journal of Economics, 118, 969–1005.
Bakke, T.‐E. & Whited, T.M. (2010) Which firms follow the market? An analysis of corporate investment decisions. The Review of Financial Studies, 23, 1941–1980.
Barber, B.M. & Odean, T. (2008) All that glitters: the effect of attention and news on the buying behavior of individual and institutional investors. The Review of Financial Studies, 21, 785–818.
Ben‐Rephael, A., Carlin, B.I., Da, Z. & Israelsen, R.D. (2021) Information consumption and asset pricing. The Journal of Finance, 76, 357–394.
Ben‐Rephael, A., Da, Z. & Israelsen, R.D. (2017) It depends on where you search: institutional investor attention and underreaction to news. The Review of Financial Studies, 30, 3009–3047.
Biddle, G.C., Hilary, G. & Verdi, R.S. (2009) How does financial reporting quality relate to investment efficiency? Journal of Accounting and Economics, 48, 112–131.
Bird, A., Karolyi, S.A., Ruchti, T.G. & Truong, P. (2021) More is less: publicizing information and market feedback. Review of Finance, 25, 745–775.
Bond, P., Edmans, A. & Goldstein, I. (2012) The real effects of financial markets. Annual Review of Financial Economics, 4, 339–360.
Borochin, P. & Yang, J. (2017) The effects of institutional investor objectives on firm valuation and governance. Journal of Financial Economics, 126(1), 171–199.
Chen, Q., Goldstein, I. & Jiang, W. (2007) Price informativeness and investment sensitivity to stock price. The Review of Financial Studies, 20, 619–650.
Chen, R., El Ghoul, S., Guedhami, O. & Wang, H. (2017) Do state and foreign ownership affect investment efficiency? Evidence from privatizations. Journal of Corporate Finance, 42, 408–421.
Chen, S., Sun, Z., Tang, S. & Wu, D. (2011) Government intervention and investment efficiency: evidence from China. Journal of Corporate Finance, 17, 259–271.
Chiu, P.‐C., Lourie, B., Nekrasov, A. & Teoh, S.H. (2021) Cater to thy client: analyst responsiveness to institutional investor attention. Management Science, 67(12), 7455–7471.
Chung, K.H. & Jo, H. (1996) The impact of security analysts' monitoring and marketing functions on the market value of firms. The Journal of Financial and Quantitative Analysis, 31, 493–512.
Cooper, R. & Ejarque, J. (2003) Financial frictions and investment: requiem in Q. Review of Economic Dynamics, 6, 710–728.
Corwin, S.A. & Coughenour, J.F. (2008) Limited attention and the allocation of effort in securities trading. The Journal of Finance, 63, 3031–3067.
Coval, J.D. & Shumway, T. (2005) Do behavioral biases affect prices? The Journal of Finance, 60, 1–34.
Da, Z., Engelberg, J. & Gao, P. (2011) In search of attention. The Journal of Finance, 66, 1461–1499.
Dellavigna, S. & Pollet, J.M. (2009) Investor inattention and Friday earnings announcements. The Journal of Finance, 64, 709–749.
Edmans, A., Goldstein, I. & Jiang, W. (2015) Feedback effects, asymmetric trading, and the limits to arbitrage. American Economic Review, 105, 3766–3797.
Edmans, A., Jayaraman, S. & Schneemeier, J. (2017) The source of information in prices and investment‐price sensitivity. Journal of Financial Economics, 126, 74–96.
Engelberg, J.E. & Parsons, C.A. (2011) The causal impact of media in financial markets. The Journal of Finance, 66, 67–97.
Fang, L.H., Peress, J. & Zheng, L. (2014) Does media coverage of stocks affect mutual funds' trading and performance? The Review of Financial Studies, 27, 3441–3466.
Ferreira, D., Ferreira, M.A. & Raposo, C.C. (2011) Board structure and price informativeness. Journal of Financial Economics, 99, 523–545.
- Foucault, T. & Frésard, L. (2012) Cross‐listing, investment sensitivity to stock price, and the learning hypothesis. The Review of Financial Studies, 25, 3305–3350.
Paper not yet in RePEc: Add citation now
Frazzini, A. (2006) The disposition effect and underreaction to news. The Journal of Finance, 61, 2017–2046.
Garel, A., Martin‐Flores, J.M., Petit‐Romec, A. & Scott, A. (2021) Institutional investor distraction and earnings management. Journal of Corporate Finance, 66, 101801.
Gennotte, G. & Trueman, B. (1996) The strategic timing of corporate disclosures. The Review of Financial Studies, 9, 665–690.
Hayashi, F. (1982) Tobin's marginal q and average q: a neoclassical interpretation. Econometrica, 50, 213–224.
- Hayek, F.A. (1945) The use of knowledge in society. The American Economic Review, 35(4), 519–530.
Paper not yet in RePEc: Add citation now
Hennessy, C.A. & Whited, T.M. (2007) How costly is external financing? Evidence from a structural estimation. The Journal of Finance, 62, 1705–1745.
Hirshleifer, D., Lim, S.S. & Teoh, S.H. (2009) Driven to distraction: extraneous events and underreaction to earnings news. The Journal of Finance, 64, 2289–2325.
Hirshleifer, D., Lim, S.S. & Teoh, S.H. (2011) Limited investor attention and stock market misreactions to accounting information. The Review of Asset Pricing Studies, 1, 35–73.
- Huang, X., Nekrasov, A. & Teoh, S.H. (2018) Headline salience, managerial opportunism, and over‐ and underreactions to earnings. The Accounting Review, 93(6), 231–255.
Paper not yet in RePEc: Add citation now
Hubbard, R.G. (1998) Capital‐market imperfections and investment. Journal of Economic Literature, 36, 193–225.
Kahle, K.M. & Stulz, R.M. (2013) Access to capital, investment, and the financial crisis. Journal of Financial Economics, 110, 280–299.
- Kahneman, D. (1973) Attention and effort. Englewood Cliffs, NJ: Prentice‐Hall.
Paper not yet in RePEc: Add citation now
Kelly, B. & Ljungqvist, A. (2012) Testing asymmetric‐information asset pricing models. The Review of Financial Studies, 25, 1366–1413.
Kempf, E., Manconi, A. & Spalt, O. (2017) Distracted shareholders and corporate actions. The Review of Financial Studies, 30, 1660–1695.
Lamont, O. (1997) Cash flow and investment: evidence from internal capital markets. The Journal of Finance, 52, 83–109.
Liu, C., Low, A., Masulis, R.W. & Zhang, L. (2020) Monitoring the monitor: distracted institutional investors and board governance. The Review of Financial Studies, 33, 4489–4531.
Locke, P.R. & Mann, S.C. (2005) Professional trader discipline and trade disposition. Journal of Financial Economics, 76, 401–444.
Loughran, T. & McDonald, B. (2014) Measuring readability in financial disclosures. The Journal of Finance, 69, 1643–1671.
Loughran, T. & McDonald, B. (2017) The use of EDGAR filings by investors. Journal of Behavioral Finance, 18, 231–248.
Loureiro, G. & Taboada, A.G. (2015) Do improvements in the information environment enhance insiders' ability to learn from outsiders? Journal of Accounting Research, 53, 863–905.
Lu, Y., Ray, S. & Teo, M. (2016) Limited attention, marital events and hedge funds. Journal of Financial Economics, 122, 607–624.
- Morck, R., Yeung, B. & Yu, W. (2000) The information content of stock markets: why do emerging markets have synchronous stock price movements? Journal of Financial Economics, 58, 215–260.
Paper not yet in RePEc: Add citation now
Myers, S.C. (1984) The capital structure puzzle. The Journal of Finance, 39, 574–592.
Petersen, M.A. (2009) Estimating standard errors in finance panel data sets: comparing approaches. The Review of Financial Studies, 22, 435–480.
- Richardson, S. (2006) Over‐investment of free cash flow. Review of Accounting Studies, 11, 159–189.
Paper not yet in RePEc: Add citation now
- Rosenbaum, P.R. & Rubin, D.B. (1983) The central role of the propensity score in observational studies for causal effects. Biometrika, 70, 41–55.
Paper not yet in RePEc: Add citation now
Schmidt, D. (2019) Distracted institutional investors. Journal of Financial and Quantitative Analysis, 54, 2453–2491.
- Tobin, J. (1969) A general equilibrium approach to monetary theory. Journal of Money, Credit and Banking, 1, 15–29.
Paper not yet in RePEc: Add citation now
Whited, T.M. & Wu, G. (2006) Financial constraints risk. The Review of Financial Studies, 19, 531–559.
Yuan, Y. (2015) Market‐wide attention, trading, and stock returns. Journal of Financial Economics, 116, 548–564.
Zuo, L. (2016) The informational feedback effect of stock prices on management forecasts. Journal of Accounting and Economics, 61, 391–413.