Product Market Efficiency: The Bright Side of Myopic, Uninformed, and Passive External Finance
Published Online:15 Jun 2012https://doi.org/10.1287/mnsc.1120.1534
References
- . Competition in lending: Theory and experiments. Rev. Finance (2006) 10(2):189–219Crossref, Google Scholar
- . Measuring utility by a single-response sequential method. Behav. Sci. (1964) 9(3):226–232Crossref, Google Scholar
- . Myopic loss aversion and the equity premium puzzle. Quart. J. Econom. (1995) 110(1):73–92Crossref, Google Scholar
- . Risk preference instability across institutions: A dilemma. Proc. Natl. Acad. Sci. USA (2005) 102(11):4209–4214Crossref, Google Scholar
- . Glamour brands and glamour stocks. (2012) . Working paper, Indiana University, BloomingtonCrossref, Google Scholar
- . The market valuation of corporate reputation. Corporate Reputation Rev. (2000) 3(1):31–42Crossref, Google Scholar
- . More like them? Amer. Prospect (1992) 3(8):51–62Google Scholar
- . Investments (2008) (McGraw-Hill, New York) Google Scholar
- . Executive compensation and short-termist behavior in speculative markets. Rev. Econom. Stud. (2006) 73(3):577–610Crossref, Google Scholar
- . An exploration of reputation formation in experimental games. J. Econom. Behav. Organ. (2003) 50(1):89–115Crossref, Google Scholar
- . The influence of institutional investors on myopic R&D investment behavior. Accounting Rev. (1998) 73(3):305–333Crossref, Google Scholar
- . Pooling, separating, and semiseparating equilibria in financial markets: Some experimental evidence. Rev. Financial Stud. (1990) 3(3):315–342Crossref, Google Scholar
- . Equilibrium dominance in experimental financial markets. Rev. Financial Stud. (1998) 11(1):189–232Crossref, Google Scholar
- . Experience-weighted attraction learning in normal form games. Econometrica (1999) 67(4):827–874Crossref, Google Scholar
- . Experimental tests of a sequential equilibrium reputation model. Econometrica (1988) 56(1):1–36Crossref, Google Scholar
- . Ripoffs, lemons, and reputation formation in agency relationships: A laboratory market study. J. Finance (1985) 40(3):809–820Crossref, Google Scholar
- . Debt maturity structure and liquidity risk. Quart. J. Econom. (1991) 106(3):709–737Crossref, Google Scholar
- . Two agency-cost explanations of dividends. Amer. Econom. Rev. (1984) 74(4):650–659Google Scholar
- . Asymmetric information and risky debt maturity choice. J. Finance (1986) 41(1):19–37Crossref, Google Scholar
- . Cheap talk, fraud, and adverse selection in financial markets: Some experimental evidence. Rev. Financial Stud. (1999) 12(3):481–518Crossref, Google Scholar
- . Information production, dilution costs, and optimal security design. J. Financial Econom. (2001) 61(1):3–42Crossref, Google Scholar
- . Corporate Reputation: 12 Steps to Safeguarding and Recovering Reputation (2008) (Wiley, Hoboken, NJ) Google Scholar
- . Shareholder investment horizons and the market for corporate control. J. Financial Econom. (2005) 76(1):135–165Crossref, Google Scholar
- . (2010) . Mezzanine finance—Technical report supplement. New York University, New York. Accessed May 29, 2012, http://pages.stern.nyu.edu/~igiddy/articles/Mezzanine_Finance_Explained.pdfGoogle Scholar
- . Experimental evidence on coverage choices and contract prices in the market for corporate insurance. Experiment. Econom. (2007) 11(1):67–95Crossref, Google Scholar
- . Property rights and the nature of the firm. J. Political Econom. (1990) 98(6):1119–1158Crossref, Google Scholar
- . Agency costs of free cash flow, corporate finance, and takeovers. Amer. Econom. Rev. (1986) 76(2):323–329Google Scholar
- . Independent private value auctions: Bidder behavior in 1st-price, 2nd-price, and 3rd-price auctions with varying numbers of bidders. Econom. J. (1993) 103(419):868–879Google Scholar
- . Reputation formation for reliable reporting: An experimental investigation. Accounting Rev. (1996) 71(3):375–396Google Scholar
- . Reputation and imperfect information. J. Econom. Theory (1982) 27(2):253–279Crossref, Google Scholar
- . Financial policy and reputation for product quality. Rev. Financial Stud. (1991) 4(1):175–200Crossref, Google Scholar
- . Predation, reputation, and entry deterrence. J. Econom. Theory (1982) 27(2):280–312Crossref, Google Scholar
- . Product quality signaling in experimental markets. Econometrica (1985) 53(4):837–872Crossref, Google Scholar
- . Corruptible law enforcers—How should they be compensated? Econom. J. (1995) 105(428):145–159Google Scholar
- . Outside equity. J. Finance (2000) 55(3):1005–1037Crossref, Google Scholar
- . Corporate financing and investment decisions when firms have information that investors do not have. J. Financial Econom. (1984) 13(2):187–221Crossref, Google Scholar
- . Form of compensation and managerial decision horizon. J. Financial Quant. Anal. (1996) 31(4):467–491Crossref, Google Scholar
- . Asymmetric information, managerial opportunism, financing, and payout policies. J. Finance (1996) 51(2):637–660Crossref, Google Scholar
- . Capital disadvantage: America’s failing capital investment system. Harvard Bus. Rev. (1992) 70(5):65–82Google Scholar
- . Corporate reputation and sustained superior financial performance. Strategic Management J. (2002) 23(12):1077–1093Crossref, Google Scholar
- . Earnings management through real activities manipulation. J. Accounting Econom. (2006) 42(3):335–370Crossref, Google Scholar
- . The value of corporate reputation: Evidence from the equity markets. Corporate Reputation Rev. (1997) 1(1):62–68Crossref, Google Scholar
- . Head to Head: The Coming Economics Battle Among Japan, Europe, and America (1993) (Warner Books, New York) Google Scholar

