The DOI matches its Crossref record; 26 of the 26 references it cites were found in a registry or an index.
Do Corporate Site Visits Impact Stock Prices?
Abstract
We examine the stock price impact of corporate site visits using a unique data set of site visits to listed firms in China. Our main findings are as follows. First, the market reaction around corporate site visits is statistically and economically significant and is stronger for group visits, visits conducted by mutual fund managers, visits covering accounting and finance topics, visits to firms with poor information environments, and visits to manufacturing firms. Second, the stock returns around site visits are positively associated with firms’ future performance. Third, the changes in visiting funds’ holdings are more predictive of firms’ future performance than those of nonvisiting funds. Overall, this study contributes to the literature by providing evidence that site visits are important venues for investors to collect information about firms and make informed trades.
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Sample Selection Bias as a Specification Error
Heckman, J. J. (1979) · Econometrica · doi:10.2307/1912352 · Cited by 28,779
The Cross‐Section of Expected Stock Returns
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What Determines Corporate Transparency?
BUSHMAN, R. M., PIOTROSKI, J. D., & SMITH, A. J. (2004) · Journal of Accounting Research · doi:10.1111/j.1475-679x.2004.00136.x · Cited by 2,176
Monitoring: Which institutions matter?
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Luck versus Skill in the Cross‐Section of Mutual Fund Returns
FAMA, E. F., & FRENCH, K. R. (2010) · The Journal of Finance · doi:10.1111/j.1540-6261.2010.01598.x · Cited by 1,754
Inside the “Black Box” of Sell‐Side Financial Analysts
BROWN, L. D., CALL, A. C., CLEMENT, M. B., & SHARP, N. Y. (2015) · Journal of Accounting Research · doi:10.1111/1475-679x.12067 · Cited by 1,214
Analyst Coverage and Intangible Assets
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Metadata
- Authors
- Cheng, Q., Du, F., Wang, B. Y., & Wang, X.
- Venue
- Contemporary Accounting Research
- Publisher
- Wiley
- Published
- 2018-12-02
- Volume
- 36
- Issue
- 1
- Pages
- 359-388
- ISSN
- 0823-9150 (ISSN-L)
- 1911-3846
- OpenAlex
- W3124500495
- Cited by
- 292
- References
- 26
- FWCI
- 16.51
- Type
- journal article
- Language
- en
- Open access
- closed
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