We study the effect of investor horizons on corporate behavior. We argue that longer investor
horizons attenuate the effect of stock mispricing on corporate policies. Consistent with our …

We test whether stock market mispricing or private investor information in stock prices affects
corporate investment. We develop an econometric methodology that disentangles stock …

We study the effect of investor horizons on a comprehensive set of corporate decisions. We
argue that monitoring by long-term investors generates decision making that maximizes …

We investigate how shareholder trading practices might be linked to corporate investment
horizons. We examine two possible linkages and analyze a range of data relevant to them …

We investigate whether short-termism distorts the investment decisions of stock market-listed
firms. To do so, we compare the investment behavior of observably similar public and private …

This paper provides evidence that top managers have contrarian views on firm value.
Managers' perceptions of fundamental value diverge systematically from market valuations …

We study how stock market mispricing might influence individual firms' investment decisions.
We find a positive relation between investment and a number of proxies for mispricing …

We argue that inertial behavior on the part of investors can have significant consequences
for corporate financial policy. One implication of investor inertia is that it improves the terms …

This paper examines how excessive concern over current stock price can motivate
managers to use observable investment decisions to manipulate the market's inferences …

This paper investigates how the investment horizon of a firm's institutional shareholders
impacts the market for corporate control. We find that target firms with short-term …