Top 50 Cited Articles of All Time

On Persistence in Mutual Fund Performance

Published: 3/1997,  Volume: 52,  Issue: 1  |  DOI: 10.1111/j.1540-6261.1997.tb03808.x  |  Cited by: 9010

Mark M. Carhart


A Survey of Corporate Governance

Published: 6/1997,  Volume: 52,  Issue: 2  |  DOI: 10.1111/j.1540-6261.1997.tb04820.x  |  Cited by: 7219

Andrei Shleifer, Robert W. Vishny


The Cross-Section of Expected Stock Returns

Published: 6/1992,  Volume: 47,  Issue: 2  |  DOI: 10.1111/j.1540-6261.1992.tb04398.x  |  Cited by: 6041

EUGENE F. FAMA, KENNETH R. FRENCH


Corporate Ownership Around the World

Published: 4/1999,  Volume: 54,  Issue: 2  |  DOI: 10.1111/0022-1082.00115  |  Cited by: 6008

Rafael La Porta, Florencio Lopez-De-Silanes, Andrei Shleifer


Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency

Published: 3/1993,  Volume: 48,  Issue: 1  |  DOI: 10.1111/j.1540-6261.1993.tb04702.x  |  Cited by: 5733

NARASIMHAN JEGADEESH, SHERIDAN TITMAN


FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY

Published: 9/1968,  Volume: 23,  Issue: 4  |  DOI: 10.1111/j.1540-6261.1968.tb00843.x  |  Cited by: 4754

Edward I. Altman


Legal Determinants of External Finance

Published: 7/1997,  Volume: 52,  Issue: 3  |  DOI: 10.1111/j.1540-6261.1997.tb02727.x  |  Cited by: 4725

RAFAEL LA PORTA, FLORENCIO LOPEZ-DE-SILANES, ANDREI SHLEIFER, ROBERT W. VISHNY


The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems

Published: 7/1993,  Volume: 48,  Issue: 3  |  DOI: 10.1111/j.1540-6261.1993.tb04022.x  |  Cited by: 4393

MICHAEL C. JENSEN


On the Relation between the Expected Value and the Volatility of the Nominal Excess Return on Stocks

Published: 12/1993,  Volume: 48,  Issue: 5  |  DOI: 10.1111/j.1540-6261.1993.tb05128.x  |  Cited by: 3413

LAWRENCE R. GLOSTEN, RAVI JAGANNATHAN, DAVID E. RUNKLE


Investor Psychology and Security Market Under- and Overreactions

Published: 12/1998,  Volume: 53,  Issue: 6  |  DOI: 10.1111/0022-1082.00077  |  Cited by: 3288

Kent Daniel, David Hirshleifer, Avanidhar Subrahmanyam


Investor Sentiment and the Cross-Section of Stock Returns

Published: 8/2006,  Volume: 61,  Issue: 4  |  DOI: 10.1111/j.1540-6261.2006.00885.x  |  Cited by: 3223

MALCOLM BAKER, JEFFREY WURGLER


Does the Stock Market Overreact?

Published: 7/1985,  Volume: 40,  Issue: 3  |  DOI: 10.1111/j.1540-6261.1985.tb05004.x  |  Cited by: 3162

WERNER F. M. De BONDT, RICHARD THALER


Founding-Family Ownership and Firm Performance: Evidence from the S&P 500

Published: 5/2003,  Volume: 58,  Issue: 3  |  DOI: 10.1111/1540-6261.00567  |  Cited by: 3104

Ronald C. Anderson, David M. Reeb


PORTFOLIO SELECTION*

Published: 3/1952,  Volume: 7,  Issue: 1  |  DOI: 10.1111/j.1540-6261.1952.tb01525.x  |  Cited by: 3067

Harry Markowitz


Multifactor Explanations of Asset Pricing Anomalies

Published: 3/1996,  Volume: 51,  Issue: 1  |  DOI: 10.1111/j.1540-6261.1996.tb05202.x  |  Cited by: 3065

EUGENE F. FAMA, KENNETH R. FRENCH


What Do We Know about Capital Structure? Some Evidence from International Data

Published: 12/1995,  Volume: 50,  Issue: 5  |  DOI: 10.1111/j.1540-6261.1995.tb05184.x  |  Cited by: 2993

RAGHURAM G. RAJAN, LUIGI ZINGALES


COUNTERSPECULATION, AUCTIONS, AND COMPETITIVE SEALED TENDERS

Published: 3/1961,  Volume: 16,  Issue: 1  |  DOI: 10.1111/j.1540-6261.1961.tb02789.x  |  Cited by: 2966

William Vickrey


The Cross-Section of Volatility and Expected Returns

Published: 1/2006,  Volume: 61,  Issue: 1  |  DOI: 10.1111/j.1540-6261.2006.00836.x  |  Cited by: 2783

ANDREW ANG, ROBERT J. HODRICK, YUHANG XING, XIAOYAN ZHANG


The Limits of Arbitrage

Published: 3/1997,  Volume: 52,  Issue: 1  |  DOI: 10.1111/j.1540-6261.1997.tb03807.x  |  Cited by: 2620

Andrei Shleifer, Robert W. Vishny


Risks for the Long Run: A Potential Resolution of Asset Pricing Puzzles

Published: 8/2004,  Volume: 59,  Issue: 4  |  DOI: 10.1111/j.1540-6261.2004.00670.x  |  Cited by: 2496

Ravi Bansal, Amir Yaron


CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK*

Published: 9/1964,  Volume: 19,  Issue: 3  |  DOI: 10.1111/j.1540-6261.1964.tb02865.x  |  Cited by: 2494

William F. Sharpe


The Benefits of Lending Relationships: Evidence from Small Business Data

Published: 3/1994,  Volume: 49,  Issue: 1  |  DOI: 10.1111/j.1540-6261.1994.tb04418.x  |  Cited by: 2489

MITCHELL A. PETERSEN, RAGHURAM G. RAJAN


A Unified Theory of Underreaction, Momentum Trading, and Overreaction in Asset Markets

Published: 12/1999,  Volume: 54,  Issue: 6  |  DOI: 10.1111/0022-1082.00184  |  Cited by: 2455

Harrison Hong, Jeremy C. Stein


No Contagion, Only Interdependence: Measuring Stock Market Comovements

Published: 10/2002,  Volume: 57,  Issue: 5  |  DOI: 10.1111/0022-1082.00494  |  Cited by: 2407

Kristin J. Forbes, Roberto Rigobon


The Determinants of Capital Structure Choice

Published: 3/1988,  Volume: 43,  Issue: 1  |  DOI: 10.1111/j.1540-6261.1988.tb02585.x  |  Cited by: 2401

SHERIDAN TITMAN, ROBERTO WESSELS


A Simple Model of Capital Market Equilibrium with Incomplete Information

Published: 7/1987,  Volume: 42,  Issue: 3  |  DOI: 10.1111/j.1540-6261.1987.tb04565.x  |  Cited by: 2272

ROBERT C. MERTON


Investor Protection and Corporate Valuation

Published: 6/2002,  Volume: 57,  Issue: 3  |  DOI: 10.1111/1540-6261.00457  |  Cited by: 2258

Rafael La Porta, Florencio Lopez-De-Silanes, Andrei Shleifer, Robert Vishny


Giving Content to Investor Sentiment: The Role of Media in the Stock Market

Published: 5/2007,  Volume: 62,  Issue: 3  |  DOI: 10.1111/j.1540-6261.2007.01232.x  |  Cited by: 2258

PAUL C. TETLOCK


Disentangling the Incentive and Entrenchment Effects of Large Shareholdings

Published: 12/2002,  Volume: 57,  Issue: 6  |  DOI: 10.1111/1540-6261.00511  |  Cited by: 2236

Stijn Claessens, Simeon Djankov, Joseph P. H. Fan, Larry H. P. Lang


Efficient Capital Markets: II

Published: 12/1991,  Volume: 46,  Issue: 5  |  DOI: 10.1111/j.1540-6261.1991.tb04636.x  |  Cited by: 2232

EUGENE F. FAMA


When Is a Liability Not a Liability? Textual Analysis, Dictionaries, and 10-Ks

Published: 1/2011,  Volume: 66,  Issue: 1  |  DOI: 10.1111/j.1540-6261.2010.01625.x  |  Cited by: 2221

TIM LOUGHRAN, BILL MCDONALD


Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors

Published: 4/2000,  Volume: 55,  Issue: 2  |  DOI: 10.1111/0022-1082.00226  |  Cited by: 2136

Brad M. Barber, Terrance Odean


Are Investors Reluctant to Realize Their Losses?

Published: 10/1998,  Volume: 53,  Issue: 5  |  DOI: 10.1111/0022-1082.00072  |  Cited by: 2098

Terrance Odean


Contrarian Investment, Extrapolation, and Risk

Published: 12/1994,  Volume: 49,  Issue: 5  |  DOI: 10.1111/j.1540-6261.1994.tb04772.x  |  Cited by: 2084

JOSEF LAKONISHOK, ANDREI SHLEIFER, ROBERT W. VISHNY


CEO Overconfidence and Corporate Investment

Published: 11/2005,  Volume: 60,  Issue: 6  |  DOI: 10.1111/j.1540-6261.2005.00813.x  |  Cited by: 2009

ULRIKE MALMENDIER, GEOFFREY TATE


Insiders and Outsiders: The Choice between Informed and Arm's-Length Debt

Published: 9/1992,  Volume: 47,  Issue: 4  |  DOI: 10.1111/j.1540-6261.1992.tb04662.x  |  Cited by: 1983

RAGHURAM G. RAJAN


Costly Search and Mutual Fund Flows

Published: 10/1998,  Volume: 53,  Issue: 5  |  DOI: 10.1111/0022-1082.00066  |  Cited by: 1945

Erik R. Sirri, Peter Tufano


ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES*

Published: 5/1974,  Volume: 29,  Issue: 2  |  DOI: 10.1111/j.1540-6261.1974.tb03058.x  |  Cited by: 1910

Robert C. Merton


RISK, UNCERTAINTY, AND DIVERGENCE OF OPINION

Published: 9/1977,  Volume: 32,  Issue: 4  |  DOI: 10.1111/j.1540-6261.1977.tb03317.x  |  Cited by: 1882

Edward M. Miller


Market Timing and Capital Structure

Published: 2/2002,  Volume: 57,  Issue: 1  |  DOI: 10.1111/1540-6261.00414  |  Cited by: 1842

Malcolm Baker, Jeffrey Wurgler


THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945-1964

Published: 5/1968,  Volume: 23,  Issue: 2  |  DOI: 10.1111/j.1540-6261.1968.tb00815.x  |  Cited by: 1807

Michael C. Jensen


The Long-Run Performance of initial Public Offerings

Published: 3/1991,  Volume: 46,  Issue: 1  |  DOI: 10.1111/j.1540-6261.1991.tb03743.x  |  Cited by: 1793

JAY R. RITTER


The New Issues Puzzle

Published: 3/1995,  Volume: 50,  Issue: 1  |  DOI: 10.1111/j.1540-6261.1995.tb05166.x  |  Cited by: 1790

TIM LOUGHRAN, JAY R. RITTER


Home Bias at Home: Local Equity Preference in Domestic Portfolios

Published: 12/1999,  Volume: 54,  Issue: 6  |  DOI: 10.1111/0022-1082.00181  |  Cited by: 1722

Joshua D. Coval, Tobias J. Moskowitz


The Cash Flow Sensitivity of Cash

Published: 8/2004,  Volume: 59,  Issue: 4  |  DOI: 10.1111/j.1540-6261.2004.00679.x  |  Cited by: 1716

Heitor Almeida, Murillo Campello, Michael S. Weisbach


Why Does Stock Market Volatility Change Over Time?

Published: 12/1989,  Volume: 44,  Issue: 5  |  DOI: 10.1111/j.1540-6261.1989.tb02647.x  |  Cited by: 1699

G. WILLIAM SCHWERT


Conditional Skewness in Asset Pricing Tests

Published: 6/2000,  Volume: 55,  Issue: 3  |  DOI: 10.1111/0022-1082.00247  |  Cited by: 1698

Campbell R. Harvey, Akhtar Siddique


Measuring and Testing the Impact of News on Volatility

Published: 12/1993,  Volume: 48,  Issue: 5  |  DOI: 10.1111/j.1540-6261.1993.tb05127.x  |  Cited by: 1686

ROBERT F. ENGLE, VICTOR K. NG


Agency Problems and Dividend Policies around the World

Published: 2/2000,  Volume: 55,  Issue: 1  |  DOI: 10.1111/0022-1082.00199  |  Cited by: 1680

Rafael La Porta, Florencio Lopez-de-Silanes, Andrei Shleifer, Robert W. Vishny


Measuring Mutual Fund Performance with Characteristic-Based Benchmarks

Published: 7/1997,  Volume: 52,  Issue: 3  |  DOI: 10.1111/j.1540-6261.1997.tb02724.x  |  Cited by: 1667

KENT DANIEL, MARK GRINBLATT, SHERIDAN TITMAN, RUSS WERMERS