Seminar Series
Bailey Seminar Archives
By Presentation Date
2012- December 13, 2012:
Zach
Sautner,
University of Amsterdam
“Contracting Between Firms: Empirical Evidence”
- December 6, 2012:
Ayako
Yasuda,
UC Davis
“Supply Uncertainty of the Bond Investor Base and the Leverage of the Firm”
- November 29, 2012:
Oliver
Spalt,
Tilburg University
“Conglomerate Investment, Skewness, and the CEO Long Shot Bias”
- November 15, 2012:
Charles
Jones,
Columbia University
“Revealing shorts: An examination of large short position disclosures”
- November 8, 2012:
Dongmei
Li,
UC- San Diego
“Innovative Capacity and the Asset Growth Anomaly”
- November 1, 2012:
Yael
Hochberg,
Kellog
“Local Overweighting and Underperformance: Evidence from Limited Partner Private Equity Investments”
- October 25, 2012:
Philip
Valta,
HEC Paris
“Financing Investment: The Choice Between Public and Private Debt”
- October 18, 2012:
Vikrant
Vig,
London Business School
“Cultural Proximity and Loan Outcomes”
- October 11, 2012:
Margarita
Tsoutsoura,
University of Chicago
“Tax Evasion Across Industries: Soft Credit Evidence from Greece”
- October 4, 2012:
Juhani
Linnainmaa,
University of Chicago
“Decomposing Value”
- September 27, 2012:
Matteo
Maggiori,
Berkeley/NYU
“Financial Intermediation, International Risk Sharing, and Reserve Currencies”
- September 20, 2012:
Mark
Leary,
Washington University St. Louis
“A Century of Capital Structure: The Leveraging of Corporate America”
- September 13, 2012:
Yildiray
Yildarim,
Syracuse University
“The Subprime Virus”
- September 6, 2012:
Zoran
Ivkovich,
Michigan State University
“Strategic Performance Allocation in
Institutional Asset Management Firms:
Behold the Power of Stars and Dominant
Clients”
- May 17, 2012:
James
Chapman,
Bank of Canada
“Efficiency and Bargaining Power in the Interbank Loan Market”
- April 26, 2012:
Maureen
O'Hara,
Cornell University
“Hidden Liquidity: Some new light on dark trading”
- April 19, 2012:
David
Lando,
Copenhagen Business School
“Financial Sector Linkages and the Dynamics of
Bank and Sovereign Credit Spreads”
- April 5, 2012:
Bryan
Kelly,
University of Chicago
“Too-Systemic-To-Fail: What Option Markets Imply About Sector-wide Government Guarantees”
2011- December 8, 2011:
Ayako
Yasuda,
UC Davis
- December 1, 2011:
Brett
Green,
Northwestern University
“Asset Trading, News, and Liquidity in Markets with Asymmetric Information”
- November 18, 2011:
Michel
Robe,
American University
"Does ‘Paper Oil’ Matter? Energy Markets’ Financialization and Equity-Commodity Co-Movements"
- November 17, 2011:
Johan
Walden,
University of California at Berkeley
“Industrial Asset Pricing?”
- November 10, 2011:
Francesca
Cornelli,
London Business School
“Monitoring Managers: Does It Matter?”
- November 3, 2011:
Alok
Kumar,
University of Miami
“What is in a Name? Mutual Fund Flows When Managers Have Foreign Sounding Names”
- November 1, 2011:
Todd
Gormley,
University of Pennsylvania
“CEO Compensation and Responses to Risk: Evidence from a Natural Experiment”
- October 27, 2011:
Ran
Duchin,
University of Michigan
“Safer Ratios, Riskier Portfolios: Banks’ Response to Government Aid”
- October 20, 2011:
David
Robinson,
Duke University
“Getting an Early Start in Self-Employment”
- October 18, 2011:
Radha
Gopalan,
Washington University at St. Louis
“The Optimal Duration of Executive Compensation: Theory and Evidence”
- October 13, 2011:
Francis
Longstaff,
UCLA
“Systemic Sovereign Credit Risk:
Lessons from the U.S. and Europe”
- October 6, 2011:
Ernest-Ludwig
Thadden,
Univ of Mannheim
“Repo Runs”
- September 29, 2011:
Francois
Gourio,
Boston University
“Credit Risk and Disaster Risk”
- September 22, 2011:
Brent
Glover,
Carnegie Mellon Univ
“Corporate Taxes, Leverage, and Business Cycles”
- September 15, 2011:
Itay
Goldstein,
University of Pennsylvania
CANCELLED
- September 8, 2011:
Terrence
Hendershott,
UC Berkeley
“Are Institutions Informed About the News?”
- September 1, 2011:
Susan
Christoffersen,
University of Toronto
“What do consumers’ fund flows maximize? Evidence from their brokers’ incentives”
- May 5, 2011:
Josef
Zechner,
WU Vienna
Leverage Dynamics over the Business Cycle
- April 28, 2011:
Bob
Goldstein,
University of Minnesota
Modeling Credit Contagion via the Updating of Fragile Beliefs
- April 21, 2011:
Joan
Farre-Mensa,
NYU
Why are Most Firms Privately Held?
- April 14, 2011:
Gordon
Philips,
University of Maryland
Conglomerate Industry Spanning
- April 7, 2011:
Huseyine
Gulen,
Purdue University
The Cross-Section of Stock Returns and Incentive Pay
- March 31, 2011:
Wei
Xiong,
Princeton University
Dynamic Debt Runs
- March 17, 2011:
Neng
Wang,
Columbia University
The Economics of Hedge Funds: Alpha, Fees, Leverage, and Valuation
- February 24, 2011:
Wei
Yang,
University of Rochester
Size and Return: A New Perspective
2010- December 9, 2010:
Emir
Hrnjic,
National University of Singapore
Market-wide sentiment, firm-level sentiment, and the IPO pricing process
- December 2, 2010:
Ingrid
Werner,
Ohio State University
Diving into Dark Pools
- November 18, 2010:
Berk
Sensoy,
Ohio State University
Pay for Performance from Future Fund Flows: The Case of Private Equity
- November 11, 2010:
Dale
Rosenthal,
University of Illinois - Chicago
The Effect of Market Structure on Counterparty Risk
- November 4, 2010:
Jess
Cornaggia,
Indiana University
Why are Credit Ratings Useful?
- October 28, 2010:
Lu
Zhang,
Ohio State University
Investment-Based Momentum Profits
- October 25, 2010:
Ron
Kaniel,
Duke University
The Delegated Lucas Tree
- October 21, 2010:
Malcolm
Baker,
Harvard University
The effect of reference point prices on mergers and acquisitions
- October 18, 2010:
Richmond
Mathews,
Duke University
Doing Battle with Short Sellers: The Role of Blockholders in Bear Raids
- October 14, 2010:
Alessandro
Gavazza,
New York University
Demand Spillovers and Market Outcomes in the Mutual Fund Industry
- October 7, 2010:
Laurent
Fresard,
HEC Paris
Cross-Listing, Investment Sensitivity to Stock Price and the Learning Hypothesis
- September 30, 2010:
Zsuzsanna
Fluck,
Michigan State University
The Defeasance of Control Rights
- September 23, 2010:
Veronika
Pool,
Indiana University
Conflicting Family Values in Mutual Fund Families
- September 16, 2010:
Hong
Liu,
Washington University
Market Closure and Liquidity Premium Puzzle
- September 9, 2010:
Haitao
Li,
University of Michigan
No-Arbitrage Taylor Rules with Switching Regimes
- May 5, 2010:
Andrew
Lo,
MIT
- April 22, 2010:
Bruce
Carlin,
University of California - Los Angeles
Libertarian Paternalism, Information Sharing, and Financial Decision-Making
- April 8, 2010:
Paolo
Fulghieri,
University of North Carolina
Mergers, Spin-offs, and Employee Incentives
- April 1, 2010:
Arvind
Krishnamurthy,
Northwestern University
Balance Sheet Adjustments in the 2008 Crisis
- March 18, 2010:
Richard
Rosen,
Federal Reserve Bank of Chicago
The impact of the originate-to-distribute model on banks before and during the financial crisis
- March 11, 2010:
Abraham
Ravid,
Rutgers University
Geography and Financial Contracts
- March 4, 2010:
Bilge
Yilmaz,
University of Pennsylvania
Consensus, Control and Corporate Boards
- February 25, 2010:
Heather
Tookes,
Yale University
Do Investment Banks’ Relationships With Investors Impact Pricing? The Case of Convertible Bond Issues
2009- December 10, 2009:
Anh
Le,
University of North Carolina - Chapel Hill
Implied Bond Liquidity
- December 3, 2009:
Clemens
Sialm,
University of Texas - Austin
Mutual Fund Tax Clienteles
- November 19, 2009:
Russ
Wermers,
University of Maryland
Mutual Fund Performance and Governance Structure: The Role of Portfolio Managers and Boards of Directors
- November 12, 2009:
Victoria
Ivashina,
Harvard Business School
Liquidity Management in the Financial Crisis
- November 5, 2009:
Jarrad
Hartford,
University of Washington
The Importance of Industry Links In Merger Waves
- October 29, 2009:
Holger
Mueller,
New York University - Stern
Corporate Governance, Product Market Competition, and Equity Prices
- October 15, 2009:
Andrea
Eisfeldt,
Northwestern University
Organization Capital and the Cross-Section of Expected Returns
- October 8, 2009:
Xiaoyan
Zhang,
Cornell University
Shackling Short Sellers: The 2008 Shorting Ban
- October 2, 2009:
Charles
Hadlock,
Michigan State University
Financial Strength and Product Market Competition: Evidence from Asbestos Litigation
- September 24, 2009:
Eva
Carceles-Poveda,
Stony Brook University
Equity Issuance and Dividend Policy under Commitment
- September 17, 2009:
Martijn
Cremers,
Yale University
Thirty Years of Corporate Governance: Determinants & Equity Prices
- September 15, 2009:
Juergen
von Hagen,
Indiana/University of Bonn
The Forward Premium Puzzle and Latent Factors Day by Day
- September 10, 2009:
Wall
Boudry,
New York University - Stern
Investment Opportunities and Share Repurchases
- September 4, 2009:
Viral
Acharya,
New York University - Stern
Rollover Risk and market Freezes
- August 27, 2009:
Marcus
Opp,
University of California - Berkeley
Rating Agencies in the Face of Regulation - Rating Inflation and Regulatory Arbitrage
- May 14, 2009:
Christian
Lundblad,
University of North Carolina
WHAT SEGMENTS EQUITY MARKETS
- May 12, 2009:
Wolf
Wagner,
Tilburg University
THE RISK OF JOINT LIQUIDATION AND PORTFOLIO CHOICE: DIVERSITY INSTEAD OF DIVERSIFICATION
- May 7, 2009:
Abdullah
Yavas,
Penn State
Boom and Bust Periods in Real Estate versus Financial Markets: An Experimental Study
- April 30, 2009:
Jacob
Sagi,
Vanderbilt
Dynamic Corporate Capital Stocks: Cross-sectional and Inter-temporal Stock Return Patterns
- April 23, 2009:
Dirk
Krueger,
University of Pennsylvania
How does Household Consumption Respond to Income Shocks?
- April 16, 2009:
Francisco
Gomes,
London Business School
Fiscal Policy in an Incomplete Markets Economy
- April 9, 2009:
Daniel
Bergstresser,
Harvard University
'Investment Taxation and Portfolio Performance
- April 2, 2009:
Ed
Nosal,
Federal Reserve Bank of Chicago
Pairwise Trade, Asset Prices, and Monetary Policy
- March 31, 2009:
David
Denis,
Purdue University
Financial Flexibility and Capital Structure Policy Evidence from Pro-active Leverage Increases
- March 12, 2009:
Sreedhar
Bharath,
University of Michigan
The Changing Nature of Chapter 11
2008- December 11, 2008:
Jiro
Kondo,
Northwestern University
The Self-Regulation of Enforcement: Evidence From Investor-Broker Disputes at the NASD
- December 4, 2008:
Andrew
Ellul,
Indiana University
Inheritance law and Investment in Family Firms
- November 20, 2008:
Anna
Obizhaeva,
University of Maryland
Price Impact and Spread: Bias-Free Estimates from Portfolio Transition Data
- November 13, 2008:
Ioanid
Rosu,
Chicago Graduate School of Business
Liquidity and Information in Order Driven Markets
- November 6, 2008:
Nikolai
Roussanov,
Wharton
Common Risk Factors in Currency Markets
- October 30, 2008:
Sudheer
Chava,
Texas A & M
Effect of Banking Crisis on Bank-Dependent Borrowers
- October 28, 2008:
Aneel
Keswani,
City University, London
Mutual Fund Distribution Channels and Investor Reaction To Past Performance
- October 23, 2008:
Gib
Metcalf,
Tufts University
- October 16, 2008:
Robert
Dittmar,
University of Michigan
Ex Ante Skewness and Expected Stock Returns
- October 9, 2008:
Raghuram
Rajan,
Chicago Graduate School of Business
The internal Governance of Firms
- October 2, 2008:
Gustavo
Grullon,
Rice University
Real Options, Volatility, and Stock Returns
- September 25, 2008:
Ola
Bengston,
Cornell University
Investor Abilities and Financial Contracting: Evidence from Venture Capital
- September 18, 2008:
Daniel
Ferreira,
London School of Economics visiting MSU
- September 11, 2008:
S.
Vishwanathan,
Duke University
Collateral, Financial Intermediation, and the Distribution of Debt Capacity
- September 4, 2008:
Ilya
Strebulaev,
Stanford University
The Aggregate Dynamics of Capital Structure and Macroeconomic Risk
- May 5, 2008:
Harris
Schlesinger,
University of Alabama
Changes in Risk and the Demand For Saving
- May 1, 2008:
Julie
Cullen,
University of California - San Diego
Implicit Performance Awards: An Empirical Analysis of the Labor Market for Public School Administrators
- April 24, 2008:
Victoria
Ivashina,
Harvard
Institutional Demand Pressure and Cost of Corporate Debt
- April 17, 2008:
Enrichetta
Ravina,
NYU
Love & Loans: The Effect of Beauty and Personal Characteristics in Credit Markets
- April 10, 2008:
Murray
Carlson,
University of British Columbia
Leverage Choice and Credit Spread Dynamics when Managers Risk Shift
- April 3, 2008:
Motohiro
Yogo,
Wharton
Portfolio Choice in Retirement: Health Risk and the Demand for Annuities, Housing, and Risky Assets
- March 27, 2008:
Lorenzo
Garlappi,
Univeristy of Texas - Austin
Financial Distress and the Cross Section of Equity Returns
- March 13, 2008:
Mike
Roberts,
Wharton
- March 6, 2008:
Gustavo
Manso,
MIT
Governance Through Exit and Voice: A Theory of Multiple Blockholders
- January 10, 2008:
Michael
Johannes,
Columbia University
Understanding Index Option Returns
2007- December 12, 2007:
Randy
Walsh,
University of Colorado - Boulder
Race, Public Goods, and Neighborhood Choice
- December 6, 2007:
Long
Chen,
Michigan State
What Drives Stock Price movement?
- December 4, 2007:
Jonathan
Skinner,
Dartmouth
Technology Adoption and Productivity Growth in Health Care
- November 29, 2007:
Hui
Chen,
University of Chicago
Macroeconomic Conditions and the Puzzles of Credit Spreads and Capital Structure
- November 27, 2007:
Ralph
Koijen,
Tilburg University
The Cross-section of Managerial Ability and Risk Preferences
- November 20, 2007:
Aydogan
Alti,
University of Texas - Austin
When Do High Stock Returns Trigger Equity Issues?
- November 15, 2007:
Denis
Gromb,
London Business School
FINANCIALLY CONSTRAINED ARBITRAGE AND CROSS-MARKET CONTAGION
- November 13, 2007:
George
Zanjani,
New York Federal Reserve
CATASTROPHE BONDS, REINSURANCE, AND THE OPTIMAL COLLATERALIZATION OF RISK TRANSFER?
- November 8, 2007:
Stefan
Nagel,
Stanford
Depression Babies: Do Macroeconomic Experiences Affect risk-Taking?
- November 1, 2007:
Arthur
Karteweg,
University of Chicago
Estimating Risk and Return of Infrequently-Traded Assets: A Bayesian Selection Model of Venture Capital
- October 25, 2007:
Sergei
Davydenko,
University of Toronto
Cash holdings and credit risk
- October 18, 2007:
Antje
Berndt,
Carnegie Mellon
Default Risk Premia and Asset Returns
- October 11, 2007:
Alexei
Tchistyi,
New York University
Optimal Mortgage Design
- October 4, 2007:
Robert
Novy-Marx,
University of Chicago
Operating Leverage
- September 27, 2007:
Henrik
Cronqvist,
Ohio State
Does Corporate Culture Matter for Firm Policies?
- September 20, 2007:
Carola
Schenone,
University of Virginia
Bankruptcy and Product-Market Competition: Evidence from the Airline Industry
- September 18, 2007:
Jefferson
Duarte,
University of Washington
- September 13, 2007:
Dirk
Hackbarth,
Washington University
Stock Returns in Mergers and Acquisitions
- September 6, 2007:
Zhi
Da,
Notre Dame
Informed Trading, Liquidity Provision and Stock Selection by Mutual Funds
- August 30, 2007:
Amit
Goyal,
Emory
Cross-Section of Option Returns and Volatility
- May 10, 2007:
Serdar
Dinc,
Northwestern University
The Decision to Privatize: Finance, Politics, and Patronage http://www.kellogg.northwestern.edu/faculty/dinc/htm/Papers/Dinc%20&%20Gupta%20--%20The%20Decision%20to%20Privatize.pdf
- May 3, 2007:
Yacine
Ait-Sahalia,
Princeton
Portfolio Choice with Jumps: A Closed Form Solution
- April 26, 2007:
Pietro
Veronesi,
Columbia University
Entrepreneurial Learning, the IPO decision, and the post-IPO drop in firm profitability
- April 19, 2007:
Efraim
Benmelech,
Harvard
Redeployability and Collateral Pricing
- April 5, 2007:
Francisco
Perez-Gonzalez,
Columbia University
Do CEOs matter?
- March 27, 2007:
Per
Stromberg,
SIFR
What are firms? Evolution from Early business plans to public companies
- March 15, 2007:
Ravi
Jagannathan,
Northwestern University
Do Hot Hands Exist Among Hedge Fund Managers? An Empirical Evaluation
- March 1, 2007:
Atif
Mian,
Columbia University
Dollars dollars everywhere, not a dime to lend: the cost of debt capacity constraints
2006- November 16, 2006:
Andrea
Frazzini,
University of Chicago
The earnings announcement premium and trading volume
- November 9, 2006:
Xavier
Gabaix,
MIT
The Linearity-Inducing Class: A Modelling Tool Yielding Closed Forms for Asset Prices
- November 2, 2006:
Chris
Malloy,
London Business School
Rewriting History
- October 19, 2006:
Yael
Hochberg,
Northwestern University
A Lobbying Approach to Evaluating the Sarbanes-Oxley Act of 2002
- October 12, 2006:
Michael
Faulkender,
Washington University
Why are Firms Using Interest Rate Swaps to Time the Yield Curve?
- October 5, 2006:
Morten
Sorensen,
University of Chicago
Learning by Investing: Evidence from Venture Capital
- September 28, 2006:
Luis
Viceira,
Harvard
Global Currency Hedging
- September 21, 2006:
Thomas
Philippon,
NYU
The y-Theory of Investment
- September 14, 2006:
Rebecca
Zarutskie,
Duke University
- September 7, 2006:
Otto
van Hemert,
NYU
Life-Cycle Housing and Portfolio Choice with Bond Markets
- July 27, 2006:
Josh White, Allen
Poteshman, and Neil Pearson,
Dept of Finance
Does Option Trading Impact Underlying Stock Prices?
- July 20, 2006:
Sophie
Ni,
Dept of Finance
Stock Option Returns
- July 6, 2006:
Neil
Pearson and Brian Henderson,
Dept of Finance
Patterns in the issuance of structured equity products
- June 29, 2006:
Brandon
Julio,
Dept of Finance
Overcoming Overhang: Agency Costs, Investment, and the Option to Repurchase Debt
- May 11, 2006:
Kent
Womack,
Dartmouth
When Shouldn't Investors Listen to Analysts
- May 3, 2006:
Zhiwu
Chen,
Yale
Press Freedom and Economic Development
- April 27, 2006:
Peter
Tufano,
Harvard
Live Prices and Stale Quantities: T+1 Accounting and Mutual Fund Mispricing
- April 26, 2006:
Marc
Weidenmier,
Claremont McKenna College
Competing with the NYSE
- April 20, 2006:
Amir
Sufi,
University of Chicago
The Real Effects of Debt Certification: Evidence from the Introduction of Bank Loan Ratings
- April 19, 2006:
Eric
Gettleman and Liz Risik,
Dept of Finance
Option Market Overreaction to Stock Price Changes
- April 13, 2006:
Annette
Vissing-Jorgensen,
Northwestern University
Long-run stockholder consumption risk and asset returns
- April 6, 2006:
Bo
Becker,
UIUC
City size and financial development
- April 5, 2006:
Tom
Jacobs,
Dept of Finance
Investor Reaction in Option Markets
- March 30, 2006:
Mark
Germase,
UCLA
Ties that Truly Bind: Non-Competition Agreements, Executive Compensation and Firm Investment
- March 29, 2006:
Xiaoyan (Sophie)
Ni,
Dept of Finance
Stock Option Returns
- March 16, 2006:
Michael
Brandt,
Duke University
Resolving Macroeconomic Uncertainty in Stock and Bond Markets
- March 15, 2006:
Qian
Deng,
Dept of Finance
Volatility Dispersion Trading
- March 9, 2006:
David
Laibson,
Harvard
Why Does the Law of One Price Fail? An Experiment on Index Mutual Funds
- March 2, 2006:
Mark
Grinblatt,
UCLA
Sensation Seeking, Overconfidence, and Trading Activity
- February 15, 2006:
Brandon
Julio,
Dept of Finance
Overcoming Leverage Induced Investment Distortions: Evidence from Corporate Debt Repurchases
- January 18, 2006:
Hilal
Yilmaz,
Dept of Economics
Applications of Conditional Value-at-Risk Estimation with Quantile Regression
- January 11, 2006:
Brian
Henderson,
Dept of Finance
Convertible Bonds: New Issue Performance and Arbitrage Opportunities
2005- December 8, 2005:
Todd
Milbourn,
Washington University
Credit Ratings as Coordination Mechanisms
- December 1, 2005:
Jeffrey
Coles,
ASU
- November 18, 2005:
Andrew
Karolyi,
Ohio State
Private benefits of control, ownership, and the cross-listing decision
- November 9, 2005:
Dirk
Jenter,
MIT
Industry Cycles, CEO Turnover, and Relative Performance Evaluation
- November 4, 2005:
Jianjun
Miao,
Boston University
Investment, Consumption and Hedging under Incomplete Markets
- November 3, 2005:
Joshua
Rauh,
University of Chicago
Who Manages Pension Fund Risk
- October 27, 2005:
Heitor
Almeida,
NYU
- October 20, 2005:
Gur
Huberman,
Columbia University
What is the NPV of Expected Future Profits of Money Managers
- October 13, 2005:
Matt
Spiegel,
Yale
Cross-sectional Variation in Stock Returns: Liquidity and Idiosyncratic Risk
- October 6, 2005:
Daniel
Wolfenzon,
NYU
Inside the Family Firm: The Role of Families in Succession Decisions and Performance
- September 30, 2005:
Nick
Barberis,
Yale
Stocks as Lotteries: The Implications of Probability Weighting for Security Prices
- September 22, 2005:
Bernie
Yeung,
NYU
Corporate Stability and Economic Growth: Is What's Good for General Motors Good for America?
- September 8, 2005:
Eugene
Kandel,
Hebrew University of Jerusalem
Selling Hopes: Managerial Overstatement of Growth Options
- May 5, 2005:
Allen
Poteshman,
UIUC
Demand-Based Option Pricing
- April 28, 2005:
Jeffrey
Kubik,
Syracuse University
Outsourcing Mutual Fund Management: Firm Boundaries, Incentives, and Performance
- March 17, 2005:
Nittai
Bergman,
MIT
Employee Sentiment and Stock Option Compensation
- March 10, 2005:
Tobias
Moskowitz,
University of Chicago
Do Liquidation Values Affect Financial Contracts? Evidence from Commercial Loan Contracts and Zoning Regulation
- March 3, 2005:
Mihir
Desai,
Harvard
Financial Constraints and Growth: Multinational and Local Firm Responses to Currency Depreciations
- February 25, 2005:
Jose
Liberti,
London Business School
How Does Organizational Form Matter? Distance, Communication and Soft Information
- February 17, 2005:
Mark
Seasholes,
UC Berkeley
Predictable Behavior, Profits, and Attention
- February 11, 2005:
Rangarajan
Sundaram,
NYU
A Simple Unified Model for Pricing Derivative Securities with Equity, Interest-rate, and Default Risk
- January 20, 2005:
Todd
Sinai,
University of Pennsylvania
Household Risks and the Demand for Housing Commitments
2004- December 9, 2004:
Armando
Gomes,
University of Pennsylvania
Why do Public Firms Issue Private and Public Equity, Convertibles and Debt?
- December 2, 2004:
Brad
Barber,
UC Davis
Who loses from trade? Evidence from Taiwan
- November 18, 2004:
Henri
Servaes,
London Business School
The Response of Industry Rivals to Control Threats
- November 11, 2004:
Maureen
O'Hara,
Cornell
Regulation and Return: The Role of Ambiguity
- November 4, 2004:
Robert
McDonald,
Northwestern University
Portfolio Choice and Corporate Financial Policy When There Are Tax-Intermediating Dealers
- October 29, 2004:
Steve
Figlewski,
NYU
Estimation Error in the Assessment of Financial Risk Exposure
- October 21, 2004:
Malcolm
Baker,
Harvard
Corporate Financing Decisions When Investors Take the Path of Least Resistance
- October 14, 2004:
Andrea
Eisfeldt,
Northwestern University
New or Used? Investment with Credit Constraints
- October 8, 2004:
Chris
Hennessy,
UC Berkeley
Beyond Investment-Cash Flow Sensitivities: Using Indirect Inference to
Estimate Costs of External Funds
- September 30, 2004:
Raj
Chetty,
UC Berkeley
Dividend Taxes and Corporate Behavior: Evidence from the 2003 Dividend Tax Cut
- September 23, 2004:
David
Hirshleifer,
Ohio State
Do Investors Overvalue Firms with Bloated Balance Sheets?
- September 9, 2004:
Jay
Wang,
UIUC
The ABCs of Mutual Funds: A Natural Experiement on Fund Flows and Performance
- May 13, 2004:
Kenneth
French,
Dartmouth
Financing Decisions: Who Issues Stock?
- May 6, 2004:
Moshe
Milevsky,
York University
Financial Economic Valuation of Guaranteed Minimum Withdrawal Benefits in Variable Annuities
- April 29, 2004:
David
Scharfstein,
MIT
Organizatinal Scope and Investment: Evidence from the Drug Development Strategies of Biopharmaceutical Firms
- April 22, 2004:
Antonio
Bernardo,
UCLA
Motivating Entrepreneurial Activity in a Firm
- April 15, 2004:
Lu
Zhang,
Rochester
Economic Fundamentals, Risk, and Momentum Profits
- April 8, 2004:
Viral
Acharya,
London Business School
On the Capital Structure Implications of Bankruptcy Codes
- April 1, 2004:
Greg
Duffee,
UC Berkeley
A No-Arbitrage Term Structure Model without Latent Factors
- March 18, 2004:
Charles
Calomiris,
Columbia University
A New Monopoly-Creating Phase of Bank Consolidation?
The Effect of the Merger of Fleet and BankBoston
on Middle Market Borrowers in New England
- March 11, 2004:
Heitor
Almeida,
NYU
A Theory of Pyramidal Ownership in Family Business Groups
- March 4, 2004:
Sendhil
Mullainathan,
MIT
Cash Flow and Investment Project Outcomes: Evidence from Bidding on Oil and Gas Leases
2003- December 18, 2003:
Bhaskaran
Swaminathan,
Cornell
How Does the Corporate Bond Market Value Capital Investments and Accruals
- December 11, 2003:
Jeff and Scott Weisbenner
Brown,
UIUC
The Determinants and Consequences of Employer Match Policy in 401(k) Plans
- December 9, 2003:
Neil, Scott Weisbenner and Zoran Ivkovich
Pearson,
UIUC
The Disposition Effect and Housholds' Stock Trades: the Importance of Relative Performance and Dividends
- December 4, 2003:
Simi
Kedia,
Harvard
Do Executive Stock Options Generate Incentives for Earnings Management? Evidence from Accounting Restatements
- November 13, 2003:
Joshua
Coval,
Harvard
Judging Fund Managers by the Company they Keep
- November 7, 2003:
Gordon
Phillips,
University of Maryland
Firm Specific Resources, Financial Market Development, and Growth of US Multinationals
- October 30, 2003:
Joao
Gomes,
Wharton
Asset Pricing Implications of Firms' Financing Constraints
- October 10, 2003:
Jun
Pan,
MIT
An Equilibrium Model of Rare Event Premia
- September 25, 2003:
Jeff
Wurgler,
NYU
A Conditional Characteristics Model of Stock Returns
- September 18, 2003:
Lubos
Pastor,
University of Chicago
Stock Prices and IPO Waves
- September 11, 2003:
John
Griffin,
Yale
Investor Behavior over the Rise and Fall of Nasdaq
- September 4, 2003:
Arturo
Bris,
Yale
Efficiency and the Bear: Short Sales and Markets around the World
- May 7, 2003:
John
Graham,
Duke University
Payout Policy in the 21st Century
- April 17, 2003:
William
Gentry,
Columbia University
Effects of Share Prices Relative to Fundamental Value on Stock Issuances and Repurchases
- April 10, 2003:
Mark
Grinblatt,
UCLA
Debt Policy, Corporate Taxes, and Discount Rates
- April 4, 2003:
Judith
Chevalier,
Yale
Price Competition and Valuation Online: Amazon and Barnes and Noble
- March 20, 2003:
Anthony
Bernardo,
UCLA
Capital Budgeting in Multi-Division Firms: Information, Agency, and Incentives
- March 6, 2003:
Adam
Ashcraft,
University of Chicago
Are Bank Holding Companies a Source of Strength to their Subsidiaries
- February 11, 2003:
Joshua
White,
Harvard
External Habit Formation and the Home Bias Puzzle
- February 10, 2003:
Jonathan
Rueter,
MIT
Are IPO Allocations For Sale? Evidence From The Mutual Fund Industry
- January 16, 2003:
Jeffrey
Tate,
Harvard
Who Makes Acquisitions? CEO Overconfidence and the Market\'s Reaction
- January 14, 2003:
Robin
Greenwood,
Harvard
Evidence For A Debt Financing Channel In Corporate Investment
2002- December 12, 2002:
Lisa
Meulbroek,
Harvard
Company Stock in Pension Plans: How Costly Is It
- December 5, 2002:
Ajay
Khorana,
Georgia Institute of Technology
The Game of the Name: Valuation Effects of Name Changes in a Market Downturn
- November 21, 2002:
Brian
Hall,
Harvard
Managing Option Fragility
- October 22, 2002:
Jennifer
Carpenter,
NYU
Portfolio Performance and Agency
- October 17, 2002:
William
Goetzmann,
Yale
Investor Sentiment in Japanese and U.S. Daily Mutual Fund Flows
- October 10, 2002:
Pedro
Santa-Clara,
UCLA
International Risk Sharing is Better Than You Think (or Exchange Rates are Much Too Smooth
- September 19, 2002:
Michael and Murillo Campello
Weisbach,
UIUC
A Demand for Corporate Liquidity: A Theory and Some Evidence
- September 19, 2002:
Murillo and Michael Weisbach
Campello,
UIUC
A Demand for Corporate Liquidity: A Theory and Some Evidence
- September 13, 2002:
David
Musto,
Wharton
The Market for Record-Date Ownership
- September 5, 2002:
Andrew
Samwick,
Dartmouth
Empire-Builders and Shirkers: Investment, Firm Performance, and Managerial Incentives
- April 25, 2002:
Harrison
Hong,
Stanford
Does Fund Size Erode Performance? Organizational Diseconomies and Active Money Management
- April 18, 2002:
Mitch
Petersen,
Northwestern University
Does Function Follow Organizational Form? Evidence From the Lending Practices of Large and Small Banks
- April 2, 2002:
David
Ikenberry,
Rice University
Underreaction to Firm Specific News Events: The Case of Stock Splits
- March 26, 2002:
Allen and Michael Weisbach
Poteshman,
UIUC
Horses And Rabbits? Optimal Dynamic Capital Structure From Shareholder And Manager Perspectives
- March 26, 2002:
Michael and Allen Poteshman
Weisbach,
UIUC
Horses And Rabbits? Optimal Dynamic Capital Structure From Shareholder And Manager Perspectives
- March 7, 2002:
Timothy
Johnson,
London Business School
Unifying Underreaction Anomalies
- February 26, 2002:
Carola
Schenone,
Northwestern University
The Effect of Banking Relationships On A Firm's Cost Of Equity In Its IPO
- February 21, 2002:
Daniel
Bergstresser,
MIT
Market Concentration And Loan Portfolios In Commercial Banking
- February 5, 2002:
Ohad
Kadan,
Hebrew University of Jerusalem
Discrete Prices and Competition in a Dealer Market
- January 29, 2002:
Oguzhan
Ozbas,
MIT
Integration, Organizational Processes and Allocation of Resources
- January 24, 2002:
Woodrow
Johnson,
Columbia University
Pooling Externalities in Mutual Funds
- January 22, 2002:
Yiming
Qian,
NYU
Human-Capital Intensive Firms: Capital Structure and Top Management Compensation
- January 17, 2002:
Jayanthi
Sunder,
NYU
Information Spillovers and Capital Structure: Theory and Evidence
- January 8, 2002:
Jeffrey
Brown,
Sr. Economist, Council of Economic Advisors
Does the Internet Make Markets mMore Competetive. Evidence from the Life Insurance Industry
2001- December 6, 2001:
Amy
Dittmar,
Indiana University
Costless versus Costly Signalling:Theory and Evidence from Share repurchases
- November 29, 2001:
Terrence
Odean,
UC Davis
All That Glitters: The effect of Attention and News on the Buying Behavior of Individual and Institutional Investors
- November 15, 2001:
Anand
Vijh,
University of Iowa
Sector Fund Performance
- November 8, 2001:
Jeffery
Abarbanell,
Kenan-Flagler Business School
Biased Forecasts or Biased Earnings?
- November 8, 2001:
Austan
Goolsbee,
University of Chicago
The Value of Broadband and the Deadweight Costs of Taxing New Technology
- November 1, 2001:
Robert
McDonald,
Northwestern University
The Tax (Dis)advantage of a Firm Issuing Options on its own Stock
- October 25, 2001:
Laura
Starks,
University of Texas at Austin
Greener Pastures and the Impact of Dynamic Institutional Preferences
- October 18, 2001:
Dan
Bernhardt,
UIUC
Earnings Forecast Bias: Theory, Tests and Evidence
- October 15, 2001:
Anderson
Silva,
UIUC
Structural Analysis of Multiple-Unit Auctions: Recovering Bidders' Valuations in Auctions with Dominant Bidders
- October 11, 2001:
Antoinette
Schoar,
MIT
Managing With Style: The Effect of Managers on Investment and Financing Decisions
- October 4, 2001:
Pierre
Collin-Dufresne,
Carnegie Mellon University
Do Bonds Span the Fixed Income Markets? Theory and Evidence for Unspanned Stochastioc Volatility
- September 20, 2001:
Jay
Ritter,
University of Florida
Why Has IPO Underpricing Increased Over Time?
- August 30, 2001:
Owen
Lamont,
University of Chicago
Short Sale Constraints
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