Do Demand Curves for Stocks Slope Down
Citations
1,605 citations
Cites background or methods from "Do Demand Curves for Stocks Slope D..."
...To test this theory, we explore whether negative words predict firms’ future stock returns....
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...We also exclude stories in the first week after a firm has been newly added to the index to prevent the well-known price increase associated with a firm’s inclusion in the S&P 500 index from affecting our analysis (Shleifer (1986))....
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1,513 citations
Cites background from "Do Demand Curves for Stocks Slope D..."
...For example, Harris and Gurel (1986) and Shleifer (1986) examine stock price reactions to inclusions of new stocks into the Standard & Poor 500 stock index....
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...Both Harris and Gurel (1986) and Shleifer (1986) find that announcements of inclusions into the index are accompanied by share price increases of 2 to 3 percent....
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1,383 citations
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References
15,342 citations
"Do Demand Curves for Stocks Slope D..." refers background in this paper
...For example, the home leverage idea behind the Modigliani-Miller theorem [13] and simple cost of capital rules obtain under the maintained assumption of horizontal demand curves for the firm's equity....
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4,470 citations
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3,436 citations
"Do Demand Curves for Stocks Slope D..." refers background in this paper
...Miller [12] and Varian [21] explain how such disagreement yields downward sloping demand curves....
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