Finance

Recent Publications

2018

Raskie, S. 2018. Managing the Stress of Caregiving: A Guide for Consumers and Financial Advisors. Journal of Accounting and Marketing, 7: 6

Choi, J. , Kronlund, M. Forthcoming. Reaching for Yield by Corporate Bond Mutual Funds. Review of Financial Studies

Raskie, S. , Martin, J., Lemoine, C., Cummings, B. Forthcoming. The Value of Financial Designations: A Consumer Perspective. Journal of Financial Planning

2017

Choi, J. , Kronlund, M. Forthcoming. Reaching for Yield by Corporate Bond Mutual Funds. Review of Financial Studies

Huang, R. , Xuan, Y. 2017. "Trading" Political Favors: Evidence from the Impact of the STOCK Act

Johnson, T. , Gu, L., Hackbarth, D. 2017. (Inflexibility and Stock Returns. Review of Financial Studies

Trembacki, M. , Kamerick, E. 2017. 5 Rs to Demystify Cybersecurity. Directors and Boards

Almeida, H. , Acharya, V., Ippolito, F., Perez-Orive, A. 2017. A New Perspective on Bank-Dependency: The Liquidity Insurance Channel

Brown, J. , Huang, J. 2017. All the Presidents Friends: Political Access and Firm Value SSRN Abstract

Pennacchi, G. Forthcoming. Banks, Taxes, and Nonbank Competition. Journal of Financial Services Research

Miller, N. 2017. Blowing Smoke: Health Effects of Wildfire Plume Dynamics

Dimmock, S., Gerken, W., Ivkovich, Z., Weisbenner, S. Forthcoming. Capital Gains Lock-In and Governance Choices. Journal of Financial Economics

Johnson, T. , Deuskar, P. 2017. Central Banks and Dynamics of Bond Market Liquidity

Trembacki, M. 2017. Closing the Cybersecurity Risk Door. Intelligent Risk

Peterson, P. 2017. Commodity Derivatives: A Guide for Future Practitioners. London: Routledge.

Choi, J. , Hackbarth, D., Zechner, J. Forthcoming. Corporate Debt Maturity Profiles. Journal of Financial Economics

Deryugina, T. , Konar, M. Forthcoming. Crop insurance increases water withdrawals for irrigation in agriculture. Advances in Water Resources

Raskie, S. 2017. Developing Personal Financial Planning as an Academic Discipline. Journal of Accounting & Marketing, 6: 17

Huh, J., Reif, J. 2017. Did Medicare Part D Reduce Mortality? Journal of Health Economics, 53: 17-37

Ye, M. , Chao, Y., Yao, C. Forthcoming. Discrete Pricing and Market Fragmentation: a Tale of Two-Sided Markets. American Economic Review: Papers & Proceedings

Raskie, S. , Martin, J., Herbison, G. 2017. Do Designations Attract A More Knowledgeable Consumer? Journal of Financial Service Professionals

Johnson, T. , Gu, L., Hackbarth, D. Forthcoming. Inflexibility and Stock Returns

Widdicks, M. , Taylor, S., Tzeng, C. Forthcoming. Information About Price and Volatility Jumps Inferred from Option Prices. Journal of Futures Markets

He, J., Huang, J. , Zhao, S. 2017. Internalizing Governance Externalities: The Role of Institutional Cross-ownership SSRN Abstract

Almeida, H. , Kim, H., Kim, C. 2017. Introduction: New Perspectives on Corporate Capital Structures. Journal of Finance

Miller, N. , Jensen, R. 2017. Keepin" "Em Down on the Farm: Migration and Strategic Investment in Children"s Schooling

Irani, R. , R. Meisenzahl, R. Forthcoming. Loan Sales and Bank Liquidity Management: Evidence from a U.S. Credit Register. Review of Financial Studies

Peterson, P. , Choi, J. 2017. Metallgesellschaft RevisitedNCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management

Almeida, H. , Hsu, P., Li, D. 2017. More Cash, Less Innovation: The Effect of the American Jobs Creation Act of Patent Vlaue

Raskie, S. 2017. Navigating Uncertainties in Accumulation and Decumulation of Retirement Portfolios. Journal of Economics and Public Finance

Huang, J. , Xu, N., Yu, H. 2017. Pollution and Performance: Do Investors Make Worse Trades on Hazy Days? SSRN Abstract

He, J., Huang, J. 2017. Product Market Competition in a World of Cross-ownership: Evidence from Institutional Blockholdings. Review of Financial Studies, 30: 2674-2718 SSRN Abstract

Almeida, H. , Kristine, H., Williams, R. 2017. Risk Management with Supply Contracts. Review of Financial Studies

Chinco, A. , Clark-Joseph, A. , Ye, M. Forthcoming. Sparse Signals in the Cross-section of Returns. Journal of Finance

Huang, J. Forthcoming. The Customer Knows Best: The Investment Value of Consumer Opinions. Journal of Financial Economics SSRN Abstract

Deryugina, T. , Kawano, L., Levitt, S. Forthcoming. The Economic Impact of Hurricane Katrina on its Victims: Evidence from Individual Tax Returns

Molitor, D. Forthcoming. The Evolution of Physician Practice Styles: Evidence from Cardiologist Migration. American Economic Journal: Economic Policy

Deryugina, T. Forthcoming. The Fiscal Cost of Hurricanes: Disaster Aid versus Social Insurance. American Economic Journal: Economic Policy

Agha, L., Molitor, D. Forthcoming. The Influence of Pioneer Investigators on Technology Adoption: Evidence from New Cancer Drugs. Review of Economics and Statistics

Lakdawalla, D., Malani, A., Reif, J. 2017. The Insurance Value of Medical Innovation. Journal of Public Economics, 94-102

Deryugina, T. , MacKay, A., Reif, J. 2017. The Long-Run Elasticity of Electricity Demand: Evidence from Municipal Electric Aggregation

Almeida, H. , Cunha, I., Ferreira, M., Restrepo, F. 2017. The Real Effects of Credit Ratings: The Sovereign Ceiling Channel. Journal of Finance, 249-290

Ye, M. , Yong, C., Yao, C. Forthcoming. Why Discrete Price Fragments U.S. Stock Exchanges and Disperses Their Fee Structures, Conditionally Accepted. Review of Financial Studies

Ye, M. , Yao, C. 2017. Why Trading Speed Matters: A Tale of Queue Rationing under Price Controls, Forthcoming. Review of Financial Studies

Tchistyi, A. , Pennacchi, G. 2016. A Reexamination of Contingent Convertibles with Stock Price Triggers SSRN Abstract

Tchistyi, A. , Piskorski, T. 2016. An Equilibrium Model of Housing and Mortgage Markets with State-Contingent Lending Contracts SSRN Abstract

Tchistyi, A. , Pennacchi, G. 2016. On Equilibrium when Contingent Capital has a Market Trigger: A Correction to Sundaresan and Wang Journal of Finance (2015)

Miller, N. , Heutel, G., Molitor, D. 2015. Adaptation and the Mortality Effects of Temperature across US Climate Regions

Irani, R. , Ersahin, N. 2015. Propagation of Financial Shocks through the Internal Networks of Firms

Chinco, A. , Clark-Joseph, A. 2015. Sparse Signals in the Cross-Section of Returns

Deryugina, T. , Heutel, G., Miller, N. , Molitor, D. , Reif, J. 2015. The Mortality and Medical Costs of Air Pollution: Evidence from Changes in Wind Direction

Choi, J. , Kronlund, M. 2014. Reaching for Yield by Corporate Bond Mutual Funds

2016

Johnson, T. , Gu, L., Hackbarth, D. 2017. (Inflexibility and Stock Returns. Review of Financial Studies

Dimmock, S., Gerken, W., Ivkovich, Z., Weisbenner, S. Forthcoming. Capital Gains Lock-In and Governance Choices. Journal of Financial Economics

Deryugina, T. Forthcoming. The Fiscal Cost of Hurricanes: Disaster Aid versus Social Insurance. American Economic Journal: Economic Policy

Pearson, N. , Choi, J. , Sandy, S. 2016. A First Glimpse into the Short Side of Hedge Funds

Ai, H., Kiku, D. , Li, R. 2016. A Mechanism Design Model of Firm Dynamics: The Case of Limited Commitment

Tchistyi, A. , Pennacchi, G. 2016. A Reexamination of Contingent Convertibles with Stock Price Triggers SSRN Abstract

Reif, J. 2016. Addiction and Social Interactions: Theory and Evidence

Tchistyi, A. , Piskorski, T. 2016. An Equilibrium Model of Housing and Mortgage Markets with State-Contingent Lending Contracts SSRN Abstract

Irani, R. , Oesch, D. 2016. Analyst Coverage and Real Earnings Management: Quasi-Experimental Evidence. Journal of Financial and Quantitative Analysis, 51: 589-627

Johnson, T. , Acharya, V., Yalin, G. 2016. Bank Use of Sovereign CDS in the Eurozone Crisis: Hedging and Risk Incentive

Gao, M. , Huang, J. 2016. Capitalizing on Capitol Hill: Informed Trading by Hedge Fund Managers. Journal of Financial Economics, 121: 521-545 SSRN Abstract

Kahn, C. , Quinn, S., Roberds, W. 2016. Central Banks and Payment Systems: The Evolving Trade-off between Cost and Risk. In Michael D. Bordo, Oyvind Eitrheim, Marc Flandreau and Jan F. Qvigstad (Ed.), Central Banks at a Crossroads: What Can We Learn from History?, 563-609. Cambridge, England: Cambridge University Press.

Kahn, C. , Park, H. Forthcoming. Collateral chains and Incentives. Journal of Financial Market Infrastructures, 5: 1-16

Wu, Y. , Whited, T., Li, S. Forthcoming. Collateral, Taxes, and Leverage. Review of Financial Studies

Tchistyi, A. , Albul, B., Jaffee, D. 2016. Contingent Convertible Bonds and Capital Structure Decisions SSRN Abstract

Irani, R. , Ersahin, N. , Le, H. 2016. Creditor Control Rights and Resource Allocation within Firms

Irani, R. , Ersahin, N. , Waldock, K. 2016. Creditor Rights and Entrepreneurship: Evidence from Fraudulent Transfer Law

Brown, J. , Farrell, A., Weisbenner, S. 2016. Decision-Making Approaches and the Propensity to Default: Evidence and Implications. Journal of Financial Economics, 121: 477-495

Ye, M. , Clark-Joseph, A. , Zi, C. Forthcoming. Designated Market Makers Still Matter: Evidence from Two Natural Experiments. Journal of Financial Economics

Pennacchi, G. , Brown, J. 2016. Discounting Pension Liabilities: Funding versus Value. Journal of Pension Economics and Finance, 15: 254-284

Kronlund, M. 2016. Do Bond Issuers Shop for Favorable Credit Ratings? SSRN Abstract

Pearson, N. , Poteshman, A., White, J., Ni, X. 2016. Does Option Trading Have a Pervasive Impact on Underlying Stock Prices?

Kronlund, M. , Sandy, S. 2016. Does Shareholder Scrutiny Affect Executive Compensation? Evidence from Say-on-Pay Voting SSRN Abstract

Pearson, N. , Cao, J., Jin, Y., Tang, D. 2016. Does the Introduction of One Derivative Affect Another Derivative? The Effect of Credit Default Swaps Trading on Equity Options

Lin, C., Schmid, T., Xuan, Y. Forthcoming. Employee Representation and Financial Leverage. Journal of Financial Economics

Fullerton, D. , Nafari, K., Reif, J. 2016. Gas Taxes in Illinois: Efficiency and Distributional Effects. State Tax Notes

Trembacki, M. 2016. Influencing Your Organization"s Risk Culture. Intelligent Risk

Wang, J. , Burke, K., Leary, J. 2016. Information Disclosure and Payday Lending in Texas

Fos, V., Kronlund, M. 2016. Introduction: New Perspectives on Corporate Capital Structures. Journal of Financial Economics

Choi, J. , Shin, S. 2016. Is There Flow-Driven Price Impact in Corporate Bond Markets

France, V. , Kahn, C. Forthcoming. Law as a constraint on bailouts: Emergency support for central counterparties. Journal of Financial Intermediation

Wang, J. , Leary, J. 2016. Liquidity Constraints and Budgeting Mistakes: Evidence from Social Security Recipients

Pearson, N. , Yilmaz, H. 2016. Maximum Likelihood Estimation of Covariance Matrices with Constraints on the Efficient Frontier. International Journal of Computational Economics and Econometrics, 6: 71-91

Wang, J. , Keys, B. 2016. Minimum Payments and Debt Paydown in Consumer Credit Cards. NBER Reporter

Choi, J. , Ben-Repheal, A., Goldstein, I. 2016. Mutual Fund Flows and Fluctuation in Credit and Business Cycles

Tchistyi, A. , Pennacchi, G. 2016. On Equilibrium when Contingent Capital has a Market Trigger: A Correction to Sundaresan and Wang Journal of Finance (2015)

Choi, J. , Richardson, M., Whitelaw, R. 2016. On the Interest Rate Sensitivity of Corporate Securities: Implications at the Firm and Index Level

Pearson, N. , Muravyev, D. 2016. Option Trading Costs Are Lower Than You Think

Kahn, C. , Carbo-Valverde, S. 2016. Payment Systems in the US and Europe: Efficiency, Soundness and Challenges. Financial Stability Journal (Bank of Spain), 11-33

Pearson, N. , Henderson, B., Wang, L. 2016. Pre-Trade Hedging

Bansal, R., Kiku, D. , Ochoa, M. 2016. Price of Long-Run Temperature Shifts in Capital Markets

Ai, H., Kiku, D. , Li, R. 2016. Quantifying the Impact of Moral Hazard: Evidence from a Structural Estimation

Johnson, T. 2016. Rethinking Reversals. Journal of Financial Economics

Pearson, N. , Pollet, J. , Muravyev, D. 2016. Risk Premia in the Stock Lending Market: Evidence from Equity Options

Bansal, R., Kiku, D. , Yaron, A. 2016. Risks for the Long Run: Estimation with Time Aggregation. Journal of Monetary Economics

Peterson, P. 2016. Still More on "Who"s Spoofing Whom?". Farmdoc Daily

Liu, P., Xuan, Y. 2016. The Contract Year Phenomenon in the Corner Office: An Analysis of Firm Behavior During CEO Contract Renewals

Gompers, P., Mukharlyamov, V., Xuan, Y. 2016. The Cost of Friendship. Journal of Financial Economics, 119: 626-644

Bruegge, C., Deryugina, T. , Myers, E. 2016. The Distributional Consequences of Building Energy Codes. Journal of the Association of Environmental and Resource Economists

Deryugina, T. , Shurchkov, O. 2016. The effect of information provision on public consensus about climate change. PLOS ONE

Wang, J. , Gross, T., Notowidigdo, M. 2016. The Marginal Propensity to Consume Over the Business Cycle. NBER Reporter

Almeida, H. , Fos, S., Kronlund, M. 2016. The Real Effects of Share Repurchases. Journal of Financial Economics SSRN Abstract

Choi, J. , Richardson, M. Forthcoming. The Volatility of a Firm"s Assets and the Leverage Effect. Journal of Financial Economics

Shutes, K., McGrath, K. , Lis, P., Riegler, R. 2016. Twitter and the US stock market: The influence of micro-bloggers on share prices. Economics and Business Review

Johnson, T. 2016. Uncertainty Shocks, Aggregate Debt, and the Real Effects of Corporate Finance

Baker, M., Xuan, Y. 2016. Under New Management: Equity Issues and the Attribution of Past Returns. Journal of Financial Economics, 121: 66-78

Ai, H., Kiku, D. 2016. Volatility Risks and Growth Options. Management Science

Johnson, T. , Liang, M., Liu, Y. Forthcoming. What Drives Index Option Exposure? Review of Finance

Widdicks, M. , Sun, L. 2016. Why Do Employees Like To Be Paid With Options?: A Multi-period Prospect Theory Approach. Journal of Corporate Finance, 38: 106 - 125

Pearson, N. , Ge, L., Lin, T. 2016. Why Does the Option to Stock Volume Ratio Predict Stock Returns? Journal of Financial Economics, 120: 601-622

Huh, J., Reif, J. 2015. Did Medicare Part D Reduce Mortality?

Pearson, N. , Park, Y., Lee, I. 2015. Repurchases Have Changed

Tchistyi, A. , DeMarzo, P. 2015. Risking Other People"s Money: Gambling, Limited Liability, and Optimal Incentives SSRN Abstract

Deryugina, T. , Kirwan, B. 2014. Does the Samaritan"s Dilemma Matter? Evidence from Crop Insurance. Economic Inquiry

2015

Brown, J. , Farrell, A., Weisbenner, S. 2016. Decision-Making Approaches and the Propensity to Default: Evidence and Implications. Journal of Financial Economics, 121: 477-495

Pennacchi, G. , Brown, J. 2016. Discounting Pension Liabilities: Funding versus Value. Journal of Pension Economics and Finance, 15: 254-284

France, V. , Kahn, C. Forthcoming. Law as a constraint on bailouts: Emergency support for central counterparties. Journal of Financial Intermediation

Pearson, N. , Yilmaz, H. 2016. Maximum Likelihood Estimation of Covariance Matrices with Constraints on the Efficient Frontier. International Journal of Computational Economics and Econometrics, 6: 71-91

Johnson, T. 2016. Rethinking Reversals. Journal of Financial Economics

Pearson, N. , Ge, L., Lin, T. 2016. Why Does the Option to Stock Volume Ratio Predict Stock Returns? Journal of Financial Economics, 120: 601-622

Fullerton, D. , Gan, L., Hattori, M. 2015. A Model to Evaluate Vehicle Emission Incentive Policies in Japan. Environmental Economics and Policy Studies, 17: 79-108

Miller, N. , Heutel, G., Molitor, D. 2015. Adaptation and the Mortality Effects of Temperature across US Climate Regions

Hilscher, J., Pollet, J. , Wilson, M. 2015. Are credit default swaps a sideshow? Evidence that information flows from equity to CDS markets. Journal of Financial and Quantitative Analysis, 50: 543-567

Fullerton, D. , Konar, M., Reif, J. 2015. Cashing in on Cutting Carbon: U.S. Clean Carbon Plan Gives Illinois a Chance for Significant State Revenue". Illinois Issues

Bansal, R., Kiku, D. , Ochoa, M. 2015. Climate Change and Growth Risks

Peterson, P. 2015. Contango and Backwardation as Predictors of Commodity Price DirectionNCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management

Pennacchi, G. , Park, K., Han, J. 2015. Corporate Taxes and Securitization. Journal of Finance, 70: 1287-1321

Zi, C. 2015. Designated Market-Makers Still Matter: Evidence from two Natural Experiments

Huh, J., Reif, J. 2015. Did Medicare Part D Reduce Mortality?

Deryugina, T. , Shurchkov, O. 2015. Does Beauty Matter in Undergraduate Education? Economic Inquiry, 53: 940-961

Fullerton, D. , Nafari, K., Reif, J. 2015. Efficiency and distributional effects of Illinois Gas taxes. Climate Change Policy Initiative

Brown, J. , Ivkovich, Z., Weisbenner, S. 2015. Empirical Determinants of Intertemporal Choice. Journal of Financial Economics, 116: 473-486

Widdicks, M. , Pollet, J., White, J. 2015. Executive Stock Option Exercise Behavior with Consumption and Overconfidence

Fullerton, D. , Konar, M., Reif, J. 2015. Francis" Call for Action on Climate Change is Opportunity for Illinois. Crain"s Chicago Business

Njavro, M., Xuan, Y. 2015. Atlantic Grupa. In Harvard Business School Case 215-077 and Teaching Note 215-078. Boston, MA: Harvard Business Publishing.

Brown, J. , Dimmock, S., Weisbenner, S. 2015. The Supply and Demand for Charitable Donations to Higher Education.. In Jeffrey R. Brown and Caroline M. Hoxby (Ed.), How the Financial Crisis and Great Recession Affected Higher Education, 151-174. Chicago, IL: University of Chicago Press.

Kahn, C. , Linares-Zegarra, J. 2015. Identity Theft and Consumer Payment Choice: Does Security Really Matter? Journal of Financial Services Research

Fullerton, D. , Konar, M., Reif, J. 2015. Illinois" Climate is Changing. Illinois Issues

Pearson, N. , Kitwiwattanachai, C. 2015. Inferring Correlations of Asset Values and Distances-to-Default from CDS Spreads: A Structural Model Approach. Review of Asset Pricing Studies, 112-154

Chemmanur, T., Hu, G., Huang, J. 2015. Institutional Investors and the Information Production Theory of Stock Splits. Journal of Financial and Quantitative Analysis, 50: 413-445 SSRN Abstract

Malani, A., Reif, J. 2015. Interpreting Pre-trends as Anticipation: Impact on Estimated Treatment Effects from Tort Reform. Journal of Public Economics, 1-17

Almeida, H. , Acharya, V., Baker, M. 2015. Introduction: New Perspectives on Corporate Capital Structures. Journal of Financial Economics

Kahn, C. 2015. Evolution of money and payment systems: private versus public institutions and the role of collateral. In Pietro Catte, Andrea Gerali, Franco Passacantando (Ed.), Money and Monetary Institutions after the Crisis: Proceedings of the Conference in Memory of Curzio Giannini, 163-188. Banca d"Italia.

Peterson, P. 2015. More on "Who"s Spoofing Whom?". Farmdoc Daily

Pearson, N. , Henderson, B., Wang, L. 2015. New Evidence on the Financialization of Commodity Markets. Review of Financial Studies, 28: 1285-1311

Deryugina, T. , Shurchkov, O. 2015. Now you see it, now you don"t: the vanishing beauty premium. Journal of Economic Behavior and Organization, 116: 331-345

Trefzger, J., Cannaday, R. 2015. NPV of Refinancing: Rethinking the Borrower"s Discount Rate. Journal of Real Estate Practice and Education, 18: 1-33

Lakdawalla, D., Reif, J. 2015. Health, Body Weight, and Obesity. In John Komlos and Inas Rashad Kelly (Ed.), Oxford Handbook of Economics and Human Biology. Oxford: Oxford University Press.

Baylis, K., Deryugina, T. , Fullerton, D. , Konar, M., Reif, J. 2015. Preparing for Climate Change in Illinois: An Overview of Anticipated Impacts. Climate Change Policy Initiative

Irani, R. , Ersahin, N. 2015. Propagation of Financial Shocks through the Internal Networks of Firms

Johnson, T. , Hackbarth, D. 2015. Real Options and Risk Dynamics. Review of Economic Studies, 82: 1449-1482

Antinolfi, G., Carapella, F., Kahn, C. , Martin, A., Mills, D., Nosal, E. 2015. Repos, Fire Sales and Bankruptcy Policy. Review of Economic Dynamics, 18: 21-31

Pearson, N. , Park, Y., Lee, I. 2015. Repurchases Have Changed

Jegadeesh, N., Roman, K., Pollet, J. 2015. Risk and Expected Returns of Private Equity Investments: Evidence Based on Market Prices. Review of Financial Studies, 28: 3269-3302

Tchistyi, A. , DeMarzo, P. 2015. Risking Other People"s Money: Gambling, Limited Liability, and Optimal Incentives SSRN Abstract

Huang, J. 2015. Shareholder Coordination and the Market for Corporate Control SSRN Abstract

Chinco, A. , Clark-Joseph, A. 2015. Sparse Signals in the Cross-Section of Returns

Peterson, P. , Choi, J. 2015. The First Mover Advantage as a Determinant of Trading Volume for East Asian Futures Markets. International Journal of Applied Economics and Econometrics, 23: 75-88

Lakdawalla, D., Malani, A., Reif, J. 2015. The Complex Relationship Between Healthcare Reform and Innovation. In Malani and Schill (Ed.), The Future of Healthcare Reform. Chicago: The University of Chicago Press.

Brown, J. , Pollet, J., Weisbenner, S. 2015. The In-State Equity Bias of State Pension Plans

Deryugina, T. , Heutel, G., Miller, N. , Molitor, D. , Reif, J. 2015. The Mortality and Medical Costs of Air Pollution: Evidence from Changes in Wind Direction

Ye, M. , Yao, C. 2015. Tick Size Constraints, High Frequency Trading and Liquidity. Review of Financial Studies

Fullerton, D. , Konar, M., Reif, J. 2015. To Pay for Illinois Road Improvements, Think Like a Business. The State Journal-Register

Peterson, P. 2015. Who"s Spoofing Whom? Farmdoc Daily

Fullerton, D. , Vrouenraets, M. 2015. Wind Power: An Opportunity for Illinois. Climate Change Policy Initiative

Clark-Joseph, A. 2014. Exploratory Trading

2014

Almeida, H. , Cunha, I., Ferreira, M., Restrepo, F. 2017. The Real Effects of Credit Ratings: The Sovereign Ceiling Channel. Journal of Finance, 249-290

Kahn, C. , Quinn, S., Roberds, W. 2016. Central Banks and Payment Systems: The Evolving Trade-off between Cost and Risk. In Michael D. Bordo, Oyvind Eitrheim, Marc Flandreau and Jan F. Qvigstad (Ed.), Central Banks at a Crossroads: What Can We Learn from History?, 563-609. Cambridge, England: Cambridge University Press.

Deryugina, T. , Shurchkov, O. 2015. Does Beauty Matter in Undergraduate Education? Economic Inquiry, 53: 940-961

Pearson, N. , Kitwiwattanachai, C. 2015. Inferring Correlations of Asset Values and Distances-to-Default from CDS Spreads: A Structural Model Approach. Review of Asset Pricing Studies, 112-154

Kahn, C. 2015. Evolution of money and payment systems: private versus public institutions and the role of collateral. In Pietro Catte, Andrea Gerali, Franco Passacantando (Ed.), Money and Monetary Institutions after the Crisis: Proceedings of the Conference in Memory of Curzio Giannini, 163-188. Banca d"Italia.

Pearson, N. , Henderson, B., Wang, L. 2015. New Evidence on the Financialization of Commodity Markets. Review of Financial Studies, 28: 1285-1311

Antinolfi, G., Carapella, F., Kahn, C. , Martin, A., Mills, D., Nosal, E. 2015. Repos, Fire Sales and Bankruptcy Policy. Review of Economic Dynamics, 18: 21-31

Peterson, P. , Choi, J. 2015. The First Mover Advantage as a Determinant of Trading Volume for East Asian Futures Markets. International Journal of Applied Economics and Econometrics, 23: 75-88

Peters, S. 2014. "Discrimination & Favoritism in Professional Sports."

Peters, S. 2014. "Theory & Evidence of "Fair-Weather Fans" in Professional Sports,"

Widdicks, M. , Zhao, J. 2014. A Model of Equity Based Compensation with Tax.. Journal of Business Finance and Accounting, 41: 1002-1041

Miller, N. , Jensen, R. 2014. A Revealed Preference Approach to Measuring Hunger and Undernutrition.

Ishii, J., Xuan, Y. 2014. Acquirer-Target Social Ties and Merger Outcomes. Journal of Financial Economics, 112: 344-363

Widdicks, M. , Taylor, S., Tzeng, C. 2014. Bankruptcy probabilities inferred from option prices. Journal of Derivatives, 22: 8-31

Elliott, J., Fullerton, D. 2014. Can a Unilateral Carbon Tax Reduce Emissions Elsewhere? Resource and Energy Economics, 36: 6-21

Ye, M. , Da, Z., Chawla, N., Xu, J. 2014. Catching fire: An intraday analysis of information diffusion using retweet data

Kolstad, C., Fullerton, D. , and others, . 2014. Social, Economic, and Ethical Concepts and Methods. In IPCC (Ed.), Climate Change Mitigation (Volume III of the Fifth Assessment Report). Intergovernmental Panel On Climate Change.

Pennacchi, G. , Vermaelen, T., Wolff, C. 2014. Contingent Capital: The Case of COERCs. Journal of Financial and Quantitative Analysis, 49: 541-574

Almeida, H. , Acharya, V., Ippolito, F. 2014. Credit Lines as Monitored Liquidity Insurance: Theory and Evidence. Journal of Financial Economics, 287-319

Brown, J. , Weisbenner, S. 2014. Defined Contribution Plans as a Foundation for Retirement Security. Journal of Retirement, 1: 22-45

Widdicks, M. , Pinto, H. 2014. Do compensation plans with performance targets provide better incentives? Journal of Corporate Finance, 29: 662-694

Deryugina, T. , Hsiang, S. 2014. Does the Environment Still Matter? Daily Temperature and Income in the United States

Deryugina, T. , Kirwan, B. 2014. Does the Samaritan"s Dilemma Matter? Evidence from Crop Insurance. Economic Inquiry

Clark-Joseph, A. 2014. Exploratory Trading

Waspi, CFA, K. 2014. Financial Markets, A Practicum

Waspi, CFA, K. , Oltheten, E. 2014. Financial Markets, A Practicum, GRT Technologies (Kendall-Hunt)

Fullerton, D. , Reif, J. 2014. Gas tax may hurt Illinois more than it helps. The State Journal-Register

Gompers, P., Mukharlyamov, V., Weisburst, E., Xuan, Y. 2014. Gender Effects in Venture Capital

Fos, V., Kahn, C. 2014. Governance through Threats of Intervention and Exit

Peterson, P. 2014. How Large is the Agricultural Swaps Market?NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. University of Illinois.

Brown, J. , Dimmock, S., Kang, J., Weisbenner, S. 2014. How University Endowments Respond to Financial Market Shocks: Evidence and Implications. American Economic Review, 104: 931-962

Wang, J. , Notowidigdo, M., Gross, T. 2014. Liquidity Constraints and Consumer Bankruptcy: Evidence from Tax Rebates. Review of Economics and Statistics, 96(3)

Chinco, A. 2014. Local Knowledge in Financial Markets

Chinco, A. , Mayer, C. 2014. Misinformed Speculators and Mispricing in the Housing Market

Baylis, K., Fullerton, D. , Karney, D. 2014. Negative Leakage. Journal of the Association of Environmental and Resource Economists, 1: 51-73

Chinco, A. 2014. No Confidence, No Story

Johnson, T. , Lee, J. 2014. On the Systemantic Volatility of Unpriced Earnings. Journal of Financial Economics

Choi, J. , Kronlund, M. 2014. Reaching for Yield by Corporate Bond Mutual Funds

Clark-Joseph, A. , Mendel, B. 2014. Recurrence-Based Estimation of Fundamental Dimension

Tchistyi, A. 2014. Security Design with Correlated Hidden Cash Flows: The Optimality of Performance Pricing SSRN Abstract

Huang, J. 2014. Shareholder Coordination, Corporate Governance, and Firm Value SSRN Abstract

Hu, D., Peterson, P. 2014. Sources of Roll Returns in the S&P GSCI Excess Return IndexNCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. University of Illinois.

Kim, B. 2014. The Dark Side of Insider Ownership SSRN Abstract

Ye, M. , Gai, J., Yao, C. 2014. The Externalities of High Frequency Trading

Bansal, R., Kiku, D. , Shaliastovich, I., Yaron, A. 2014. Volatility, the Macroeconomy and Asset Prices. Journal of Finance

Ye, M. , O"Hara, M., Yao, C. 2014. What"s Not There: The Odd-Lot Bias in TAQ Data. Journal of Finance

Brown, J. , Weisbenner, S. 2014. Why Do Individuals Choose Defined Contribution Plans? Evidence from Participants in a Large Public Plan. Journal of Public Economics, 116: 35-46

2013

Peterson, P. 2017. Commodity Derivatives: A Guide for Future Practitioners. London: Routledge.

Pennacchi, G. , Park, K., Han, J. 2015. Corporate Taxes and Securitization. Journal of Finance, 70: 1287-1321

Pennacchi, G. , Vermaelen, T., Wolff, C. 2014. Contingent Capital: The Case of COERCs. Journal of Financial and Quantitative Analysis, 49: 541-574

Brown, J. , Dimmock, S., Kang, J., Weisbenner, S. 2014. How University Endowments Respond to Financial Market Shocks: Evidence and Implications. American Economic Review, 104: 931-962

Johnson, T. , Lee, J. 2014. On the Systemantic Volatility of Unpriced Earnings. Journal of Financial Economics

Brown, J. , Weisbenner, S. 2014. Why Do Individuals Choose Defined Contribution Plans? Evidence from Participants in a Large Public Plan. Journal of Public Economics, 116: 35-46

Almeida, H. , Acharya, V., Campello, M. 2013. Aggregate Risk and the Choice Between Cash and Lines of Credit. Journal of Finance, 68: 2059-2116

Peterson, P. 2013. Behind the Collapse of MF Global. Choices

Fullerton, D. , Monti, H. 2013. Can Pollution Tax Rebates Protect Low-Wage Earners? Journal of Environmental Economics and Management

DellaVigna, S., Pollet, J. 2013. Capital Budgeting vs. Market Timing: An Evaluation Using Demographics. Journal of Finance, 68: 237-270

Almeida, H. , Campello, M., Cunha, I., Weisbach, M. Forthcoming. Corporate Liquidity Management: A Conceptual Framework and Survey. Annual Review of Financial Economics

Lin, C., Ma, Y., Malatesta, P., Xuan, Y. 2013. Corporate Ownership Structure and the Choice Between Bank Debt and Public Debt. Journal of Financial Economics, 109: 517-534

Choi, J. , Shachar, O. 2013. Did Liquidity Providers Become Liquidity Seekers?: Evidence from the CDS-Bond Basis during the 2008 Financial Crisis

Peters, S. 2013. Dinner Table Finance, book outline and partial manuscript

Peterson, P. 2013. Do Roll Returns Really Exist? An Analysis of the S&P GSCINCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. University of Illinois.

Huang, J. , Kisgen, D. 2013. Gender and Corporate Finance: Are Male Executives Overconfident Relative to Female Executives? Journal of Financial Economics, 108: 822-839

Oltheten, E. , Sougiannis, T. , Travlos, N., Zarkos, S. 2013. Greece in the Eurozone: Lessons from a Decade of Experience. Quarterly Review of Economics and Finance, 53: 317-335 SSRN Abstract

Ai, H., Kiku, D. 2013. Growth to Value: Option Exercise and the Cross-Section of Equity Returns. Journal of Financial Economics

Almeida, H. , Campello, M., Galvao, A. Forthcoming. Assessing the Performance of Estimators that Deal with Measurement Error in Linear Models. In Chang-Few Lee (Ed.), Handbook of Financial Econometrics and Statistics. Dordrecht: Springer.

Deryugina, T. 2013. How do People Update? The Effects of Local Weather Fluctuations on Beliefs About Global Warming. Climatic Change, 118: 397-416

Pearson, N. , Muravyev, D., Broussard, J. 2013. Is There Price Discovery in Equity Options? Journal of Financial Economics, 107: 259283

Baylis, K., Fullerton, D. , Karney, D. 2013. Leakage, Welfare, and Cost-Effectiveness of Carbon Policy. American Economic Review

Raskie, S. 2013. Lose Weight, Save Money: An Owner"s Manual to Physical and Financial Fitness

Irani, R. , Oesch, D. 2013. Monitoring and Corporate Disclosure: Evidence from a Natural Experiment. Journal of Financial Economics, 398-418

Peterson, P. 2013. Necessary and Sufficient Conditions for a Successful Futures Contract: The Case of Black Sea WheatInternational Food and Agribusiness Management Association 23rd Annual World Forum and Symposium

Joseph, K., Garcia, P., Peterson, P. 2013. Price Discovery in the U.S. Fed Cattle MarketNCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management

Kahn, C. 2013. Private Payment Systems, Collateral, and Interest Rates. Annals of Finance, 9: 83-114

Miller, N. , Zeckhauser, R., Wagner, A. 2013. Solomonic Separation: Risk Decisions as Productivity Indicators. Journal of Risk and Uncertainty

Firth, M., Lin, C., Liu, P., Xuan, Y. 2013. The Client is King: Do Mutual Fund Relationships Bias Analyst Recommendations? Journal of Accounting Research, 51: 165-200

Brown, J. , Weisbenner, S. 2013. The Distributional Effects of the Social Security Windfall Elimination Provision. Journal of Pension Economics and Finance, 12: 415-434

McGrath, K. 2013. The Effects of Eco-Certification on Office Properties: A Cap Rates-Based Analysis.. Journal of Property Research, 30: 345-365

Choi, J. , Williams, J. 2013. The False Consensus Effect and Trading Around Earnings Announcements

Tchistyi, A. , Mayer, C., Piskorski, T. 2013. The Inefficiency of Refinancing: Why Prepayment Penalties are Good for Risky Borrowers. Journal of Financial Economics

Kalay, A., Kronlund, M. 2013. The Market Reaction to Stock Split Announcements: Earnings Information After All SSRN Abstract

Ye, M. , Yao, C. 2013. Tick Size Constraints, Market Structure, and liquidity

Feng, Y., Fullerton, D. , Gan, L. 2013. Vehicle Choices, Miles Driven, and Pollution Policies. Journal of Regulatory Economics

Miller, N. , Al-Ississ, M. 2013. What Does Health Reform Mean for the Healthcare Industry? Evidence form the Massachusetts Special Senate Election. The American Economic Journal: Economic Policy

Choi, J. 2013. What Drives the Value Premium?: The Role of Asset Risk and Financial Leverage. Review of Financial Studies

College of Business > University of Illinois