I
moved to Cornell University. Updated information about me can be found at:
http://www.johnson.cornell.edu/Faculty-And-Research/Profile.aspx?id=mnc35
Murillo Campello
Alan J. and Joyce D. Baltz Professor of
Finance University of Illinois at
Urbana-Champaign My
webpage at the SSRN
4039 BIF
515 East Gregory Drive, MC-520
Champaign, IL. 61820
Phone: (217) 333-9498
E-mail:
campello@illinois.edu
My webpage at the Finance Department
Research Associate
National Bureau of
Economic Research
Financial
Times Piece on the Financial Crisis
Covered in: Reuters,
Wall Street
Journal
Areas of
Interest
Corporate Finance, Financial Intermediation, Monetary Policy,
Financial Markets, Applied Econometrics, and Applied Contract Theory
Publications
1.
Internal
Capital Markets in Financial Conglomerates: Evidence from Small Bank Responses
to Monetary Policy , Journal of Finance 57, 2002, pp. 2773-2805.
(Nominated for the Brattle Prize.)
2.
Capital
Structure and Product Markets Interactions: Evidence from Business Cycles ,
Journal of Financial Economics 68, 2003, pp. 353-378.
3.
The Cash Flow
Sensitivity of Cash (with H. Almeida and M. Weisbach), Journal of
Finance 59, 2004, pp. 1777-1804.
(Nominated for the Brattle Prize.)
4.
Who
Herds? (with D. Bernhardt and
5.
Debt
Financing: Does it Boost or Hurt Firm Performance in Product Markets?, Journal
of Financial Economics 82, 2006, pp. 135-172.
6.
The Financial
Accelerator: Evidence from International Housing Markets (with H. Almeida
and C. Liu), Review of Finance 10, 2006, pp. 1-32.
(Winner of the Goldman
Sachs Best Paper Prize.)
7.
Firm
Balance Sheets and Monetary Policy Transmission (with A. Ashcraft), Journal
of Monetary Economics 54, 2007, pp. 1515-1526.
8.
Financial
Constraints, Asset Tangibility, and Corporate Investment (with H. Almeida),
Review of Financial Studies 20, 2007, pp. 1429-1460.
9.
The
Dynamics of Earnings Forecast Management (with D. Bernhardt), Review of
Finance 11, 2007, pp. 287-324.
10.
Is
Cash Negative Debt? A Hedging Perspective on Corporate Financial Policies
(with V. Acharya and H. Almeida), Journal of
Financial Intermediation 16, 2007, pp. 515-554.
11.
Expected
Returns, Yield Spreads, and Asset Pricing Tests (with L. Chen and L.
Zhang), Review of Financial Studies 21, 2008, pp. 1297-1338.
12.
Financing
Frictions and the Substitution Effect Between Internal and External Funds
(with H. Almeida), forthcoming, Journal
of Financial and Quantitative Analysis
13. Corporate
Financial and Investment Policies when Future Financing is not Frictionless (with H. Almeida and M. Weisbach),
forthcoming, Journal of Corporate Finance
14. Are Financial
Constraints Priced? Evidence from Firm Fundamentals and Stock Returns (with
L. Chen), forthcoming, Journal of Money,
Credit and Banking
15. The Real
Effects of Financial Constraints: Evidence from a Financial Crisis (with J.
Graham and C. Harvey), forthcoming, Journal
of Financial Economics
16. Measurement
Errors in Investment Equations (with H. Almeida and A. Galvao),
forthcoming, Review of Financial Studies
17. Liquidity
Management and Corporate Investment During a Financial
Crisis (with J. Graham, E. Giambona, and C.
Harvey), forthcoming, Review of Financial
Studies
18. The Real and
Financial Implications of Corporate Hedging (with C. Lin, Y. Ma, and H. Zou) ), forthcoming, Journal of Finance
19. Liquidity
Mergers (with H. Almeida and D. Hackbarth), forthcoming, Journal of Financial Economics
Working Papers
1.
Corporate Financing
and Investment: The Firm-Level Credit Multiplier (with D. Hackbarth)
2.
Do
Stock Prices Influence Corporate Decisions? Evidence from the Technology Bubble
(with J. Graham)
3.
Capital
Structure and the Redeployability of Tangible Assets
(with E. Giambona)
4.
Corporate
Debt Maturity and the Real Effects of the 2007 Credit Crisis (with H.
Almeida, B. Laranjeira, and S. Weisbenner)
5.
Aggregate
Risk and the Choice Between Cash and Lines of Credit (with V. Acharya and H. Almeida)
6.
How Are
Venture Capitalists Rewarded? The Economics of Venture Capital Partnerships
(with R. Matta)
7.
Access to
Liquidity and Corporate Investment in Europe During the Credit Crisis of 2009
(with J. Graham, E. Giambona, and C. Harvey)