-
Subject Areas on Research
-
"Index Fundamentalism Revisited"
-
"Joint Estimation of Factor Sensitivities and Risk Premia for the Arbitrage Pricing Theory"
-
"Sorting out Risks Using Known APT Factors"
-
"Value destruction and financial reporting decisions": Author response [2]
-
A BAYESIAN MODEL FOR PORTFOLIO SELECTION AND REVISION
-
A New Approach to International Arbitrage Pricing
-
A Tale of Two Runs: Depositor Responses to Bank Solvency Risk
-
A Theory of Negotiated Equity Financing
-
A Theory of the Interday Variations in Volumes, Variances and Trading Costs in Securities Markets
-
A century of capital structure: The leveraging of corporate America
-
A long-run risks explanation of predictability puzzles in bond and currency markets
-
A multivariate generalized ARCH approach to modeling risk premia in forward foreign exchange rate markets
-
A no-arbitrage approach to range-based estimation of return covariances and correlations
-
A nonlinear stochastic rational expectations model of exchange rates
-
A path-dependent approach to security valuation with application to interest rate contingent claims
-
A primer on hedge funds
-
A simulation approach to dynamic portfolio choice with an application to learning about return predictability
-
A survey of sampling-based Bayesian analysis of financial data
-
Access to liquidity and corporate investment in Europe during the financial crisis
-
Activist arbitrage: A study of open-ending attempts of closed-end funds
-
Advantageous Selection, Moral Hazard, and Insurer Sorting: On Risk in the U.S. Automobile Insurance Market
-
Alice’s adventures in Factorland: Three blunders that plague factor investing
-
All Roads Lead to Risk Preference: A Turnpike Theorem for Conditionally Independent Returns
-
An Analysis of the Portfolio Behavior of Black‐Owned Commercial Banks
-
An Empirical Analysis of Analysts' Target Prices: Short-term Informativeness and Long-term Dynamics
-
An Incentive Approach to Banking Regulation
-
An Investor’s Guide to Crypto
-
An examination of the effects of government purchases in an open economy
-
An exploration of the forward premium puzzle in currency markets
-
An exploratory investigation of the firm size effect
-
An individual level analysis of the mutual fund investment decision
-
An intertemporal asset pricing model with stochastic consumption and investment opportunities
-
Analysts' weighting of private and public information
-
Analyzing real estate data problems using the Gibbs sampler
-
Apartment Rent Predictions Using Spatial Modeling
-
Apartment rent prediction using spatial modeling
-
Are "market neutral" hedge funds really market neutral?
-
Are lemons sold first? Dynamic signaling in the mortgage market
-
Are vanguard's managers good stock-pickers or style-pickers?
-
Assessing the Market and Credit Risks of Long-Term Interest Rate and Foreign Currency Products
-
Asset-Based Style Factors for Hedge Funds
-
Bank Borrowers and Loan Sales: New Evidence on the Uniqueness of Bank Loans
-
Bank entry, competition, and the market for corporate securities underwriting
-
Bank ratings and lending supply: Evidence from sovereign downgrades
-
Bank transparency and deposit flows
-
Bank underwriting of debt securities: Modern evidence
-
Bayesian Models for Forecasting Future Security Prices
-
Bayesian range-based estimation of stochastic volatility models
-
Bear squeezes, volatility spillovers and speculative attacks in the hyperinflation 1920s foreign exchange
-
Bitcoin spot and futures market microstructure
-
Building Relationships Early: Banks in Venture Capital
-
Building Relationships Early: Banks in Venture Capital
-
Building relationships early: Banks in venture capital
-
CEO-board dynamics
-
Can investors time their exposure to private equity?
-
Capital allocation and delegation of decision-making authority within firms
-
Change You Can Believe In? Hedge Fund Data Revisions
-
Changes in corporate effective tax rates over the past 25 years
-
Chaos and Nonlinear Dynamics: Application to Financial Markets
-
Chaos and Order in the Capital Markets: A New View of Cycles, Prices, and Market Volatility.
-
Cointegration and consumption risks in asset returns
-
Cointegration, Fractional Cointegration, and Exchange Rate Dynamics
-
Collateral and capital structure
-
Collateral, risk management, and the distribution of debt capacity
-
Collective Action Clauses for the Eurozone
-
Comment on Wood, McInish, and Ord
-
Commercial banks as underwriters: Implications for the going public process
-
Commercial banks in investment banking: Conflict of interest or certification role?
-
Common Stochastic Trends in a System of Exchange Rates
-
Competing Theories of Financial Anomalies
-
Conquering Misperceptions about Commodity Futures Investing
-
Conservative Accounting, IFRS Convergence and Cash Dividend Payments: Evidence from China
-
Consumer-directed health plans: A review of the evidence
-
Consumption Risk in Futures Markets
-
Consumption, dividends, and the cross section of equity returns
-
Consumption, production, inflation and interest rates. A synthesis
-
Corporate Bankruptcy and Insider Trading
-
Corporate Governance and the Cost of Debt: Evidence from Directtor Limited Liability and Indemnification Provisions
-
Corporate culture: Evidence from the field
-
Corporate distress and lobbying: Evidence from the stimulus act
-
Corporate flexibility in a time of crisis
-
Corporate misreporting and bank loan contracting
-
Corporate reorganizations and non-cash auctions
-
Credit Ratings, Collateral, and Loan Characteristics: Implications for Yield
-
Cross-sectional alpha dispersion and performance evaluation
-
Cross-sectional tests of deterministic volatility functions
-
Cyclicality, performance measurement, and cash flow liquidity in private equity
-
DISCUSSION
-
Dancing with activists
-
Debt and the marginal tax rate
-
Debt reclassification and capital market consequences
-
Debt, leases, taxes, and the endogeneity of corporate tax status
-
Debtor-in-possession financing and bankruptcy resolution: Empirical evidence
-
Demographic issues in longevity risk analysis
-
Detecting repeatable performance
-
Determinants of Physicians' Fees
-
Deutsche mark-dollar volatility: Intraday activity patterns, macroeconomic announcements, and longer run dependencies
-
Directors' ownership in the U.S. mutual fund industry
-
Discussion
-
Discussion of creating a bigger bath using the deferred tax valuation allowance
-
Discussion of on the use of intra-industry information to improve earnings forecasts
-
Distilling the macroeconomic news flow
-
Dividend policy and cash-flow uncertainty
-
Do Firms Hedge in Response to Tax Incentives?
-
Do Price Discreteness and Transactions Costs Affect Stock Returns? Comparing Ex-Dividend Pricing before and after Decimalization
-
Do dividend clienteles exist? Evidence on dividend preferences of retail investors
-
Do firms hedge in response to tax incentives?
-
Do inventories matter in dealership markets? Evidence from the London Stock Exchange
-
Do peso problems explain the returns to the carry trade?
-
Do private equity fund managers earn their fees? Compensation, ownership, and cash flow performance
-
Do stock prices influence corporate decisions? Evidence from the technology bubble
-
Does Board Independence Reduce the Cost of Debt?
-
Does Financing Spur Small Business Productivity? Evidence from a Natural Experiment
-
Does beta move with news? Firm-specific information flows and learning about profitability
-
Does corporate diversification destroy value?
-
Does financing spur small business productivity? Evidence from a natural experiment
-
Drawdowns
-
Drinking, Driving, and the Price of Automobile Insurance
-
Dynamic Copula Models and High Frequency Data
-
Dynamic portfolio selection by augmenting the asset space
-
Dynamic risk management
-
Dynamic risk management
-
Editor's Choice The Real Effects of Hedge Fund Activism: Productivity, Asset Allocation, and Labor Outcomes
-
Empirical Tests of the Consumption‐Oriented CAPM
-
Empirical characteristics of dynamic trading strategies: The case of hedge funds
-
Employee stock options, corporate taxes, and debt policy
-
Empty voting and the efficiency of corporate governance
-
Endogenous events and long-run returns
-
Enhancing security value by ownership restrictions: Evidence from a natural experiment
-
Entrepreneurial finance, credit cards, and race
-
Episodic liquidity crises: Cooperative and predatory trading
-
Equity issues and return volatility
-
Equity market return volatility: Dynamics and transmission among the G-7 countries
-
Estimating portfolio and consumption choice: A conditional Euler equations approach
-
Evidence on the Trade-Off between Risk and Return for IPO and SEO Firms
-
Exchange-rate policy and monetary information
-
Executive stock options, differential risk-taking incentives, and firm value
-
Expected Returns in Treasury Bonds
-
Expected stock returns and variance risk premia
-
Exploring the role Delaware plays as a domestic tax haven
-
Exploring uncharted territories of the hedge fund Industry: Empirical characteristics of mega hedge fund firms
-
False (and Missed) Discoveries in Financial Economics
-
Financial distress in the great depression
-
Firm Age, Investment Opportunities, and Job Creation
-
Flight-to-quality or flight-to-liquidity? Evidence from the euro-area bond market
-
Forecasting financial market volatility: Sample frequency vis-à-vis forecast horizon
-
Formal Models of Consumer Behavior: A Conceptual Overview.
-
Fund families as delegated monitors of money managers
-
Funds of hedge funds: Performance, risk and capital formation 2005 to 2010
-
Global retail lending in the aftermath of the US financial crisis: Distinguishing between supply and demand effects
-
Gold, the Golden Constant, and Déjà Vu
-
Good Volatility, Bad Volatility and the Cross-Section of Stock Returns
-
Grading the performance of market-timing newsletters
-
Hedge fund activism, corporate governance, and firm performance
-
Hedge fund benchmarks: A risk-based approach
-
Hedge funds: Performance, risk, and capital formation
-
Hedge-Fund Benchmarks: Information Content and Biases
-
Herding among investment newsletters: Theory and evidence
-
Heterogeneous information arrivals and return volatility dynamics: Uncovering the long-run in high frequency returns
-
Hospital Investment Decisions and the Cost of Capital
-
House prices, collateral, and self-employment
-
How big are the tax benefits of debt?
-
How does hedge fund activism reshape corporate innovation?
-
Identifying the Effect of Securitization on Foreclosure and Modification Rates Using Early Payment Defaults
-
Impacts of trades in an error-correction model of quote prices
-
Implications of Nonlinear Dynamics for Financial Risk Management
-
Implications of Observed Properties of Daily Exchange Rate Movements
-
Index fundamentalism revisited
-
Industry concentration and average stock returns
-
Inference in long-horizon event studies: A Bayesian approach with application to initial public offerings
-
Information flow and liquidity around anticipated and unanticipated dividend announcements
-
Information in the Term Structure of Yield Curve Volatility
-
Information uncertainty and post-earnings-announcement-drift
-
Informational Differences Between Limit and Market Orders for a Market Maker
-
Institutional allocation in initial public offerings: Empirical evidence
-
Insurer Ownership Structure and Executive Compensation as Complements
-
Inter-dealer trading in financial markets
-
International risk sharing and the choice of exchange-rate regime
-
Intraday Periodicity, Long-Memory Volatility, and Macroeconomic Announcement Effects in the U.S. Treasury Bond Market
-
Intraday and Interday Volatility in the Japanese Stock Market
-
Intraday periodicity and volatility persistence in financial markets
-
Investment Decisions of Nonprofit Firms: Evidence from Hospitals
-
Investor attention and time-varying comovements
-
Is a group of economists better than one? Than none?
-
Is the abnormal return following equity issuances anomalous?
-
JOINT ESTIMATION OF FACTOR SENSITIVITIES AND RISK PREMIA FOR THE ARBITRAGE PRICING THEORY
-
Learning and asset-price jumps
-
Learning to be overconfident
-
Leasing, Ability to Repossess, and Debt Capacity
-
Leasing, ability to repossess, and debt capacity
-
Leverage, Moral Hazard, and Liquidity
-
Libertarian paternalism, information production, and financial decision making
-
Linear approximations and tests of conditional pricing models
-
Liquidity management and corporate investment during a financial crisis
-
Loan Officer Incentives, Internal Rating Models, and Default Rates
-
Loan originations and defaults in the mortgage crisis: The role of the middle class
-
Longevity risk in fair valuing level 3 assets in securitised portfolios
-
Luck versus Skill in the Cross Section of Mutual Fund Returns: Reexamining the Evidence
-
Lucky factors
-
MANAGEMENT ANTICIPATION OF INTEREST RATES: THE CASE OF COMMERCIAL BANKS
-
Macro fundamentals or geopolitical events? A textual analysis of news events for crude oil
-
Man vs. machine: Comparing discretionary and systematic hedge fund performance
-
Managerial attitudes and corporate actions
-
Managerial attitudes and corporate actions
-
Managerial attributes and executive compensation
-
Managerial incentives, capital reallocation, and the business cycle
-
Managerial response to the may 2003 dividend tax cut
-
Managerial short-termism, turnover policy, and the dynamics of incentives
-
Managing Relationships: The Culture of Institutional Investing
-
Managing ethical risk: How investing in ethics adds value
-
Margin Regulation and Stock Market Volatility
-
Market architecture: Limit-order books versus dealership markets
-
Market structure, internal capital markets, and the boundaries of the firm
-
Market structure. The specialist as dealer and broker
-
Market timing ability and volatility implied in investment newsletters' asset allocation recommendations
-
Market valuation and merger waves
-
Measurement biases in hedge fund performance data: An update
-
Measuring and Managing Ethical Risk: Why Investing in Ethics Adds Value
-
Measuring and modeling systematic risk in factor pricing models using high-frequency data
-
Measuring the market impact of hedge funds
-
Minority savings and loan associations: Hypotheses and tests
-
Monotonicity in asset returns: New tests with applications to the term structure, the CAPM, and portfolio sorts
-
Multivariate Almost Stochastic Dominance
-
Mutual fund performance: Using bespoke benchmarks to disentangle mandates, constraints and skill
-
Mutual fund transparency and corporate myopia
-
Myth or reality? The long-run underperformance of initial public offerings: Evidence from venture and nonventure capital-backed companies
-
Nasdaq market structure and spread patterns
-
No Arbitrage and Arbitrage Pricing: A New Approach
-
Nohstationarity and portfolio choice
-
Nonlinear Dynamics in Financial Markets: Evidence and Implications
-
Nonstationarity and Portfolio Choice
-
ON THE EXISTENCE OF A COST OF CAPITAL UNDER PURE CAPITAL RATIONING
-
OPTIMAL SPECULATION AGAINST AN EFFICIENT MARKET
-
Odd-eighth avoidance as a defense against SOES bandits
-
On Distributional Impact of Federal Interest Rate Restrictions
-
On loan sales, loan contracting, and lending relationships
-
On the Asset Market View of Exchange Rates
-
On the Existence of an Optimal Capital Structure: Theory and Evidence
-
On the Life Cycle Dynamics of Venture-Capital- and Non-Venture-Capital-Financed Firms
-
On the Rise of FinTechs: Credit Scoring Using Digital Footprints
-
On the benefits of concurrent lending and underwriting
-
On the existence of linear equilibria in models of market making
-
On the high-frequency dynamics of hedge fund risk exposures
-
On the importance of retail banking relationships
-
On the relationship between the conditional mean and volatility of stock returns: A latent VAR approach
-
Optimal Financial Structure, Cost of Capital, and the Lease‐or‐Buy Decision
-
Optimal decentralized investment management
-
Optimal dynamic trading strategies
-
Optimal monetary policies and policy interdependence in the world economy
-
Optimism and economic choice
-
Overconfidence, Compensation Contracts, and Capital Budgeting
-
Parametric portfolio policies: Exploiting characteristics in the cross-section of equity returns
-
Passing on blackness: Latinos, race, and earnings in the USA
-
Payments for order flow on Nasdaq
-
Payoff complementarities and financial fragility: Evidence from mutual fund outflows
-
Payout policy in the 21st century
-
Performance characteristics of hedge funds and commodity funds: Natural vs. spurious biases
-
Perspectives: Measurement Biases in Hedge Fund Performance Data: An Update
-
Positive hurdle rates without asymmetric information
-
Precautionary savings, retirement planning and misperceptions of financial literacy
-
Predicting spatial patterns of house prices using LPR and Bayesian smoothing
-
Preferencing, internalization, best execution, and dealer profits
-
Presidential Address: Corporate Finance and Reality
-
Presidential Address: The Scientific Outlook in Financial Economics
-
Price and Availability Tradeoffs of Automobile Insurance Regulation
-
Price discovery in the U.S. treasury market: The impact of orderflow and liquidity on the yield curve
-
Price discovery in the treasury futures market
-
Price informativeness and investment sensitivity to stock price
-
Prices of State-Contingent Claims Implicit in Option Prices
-
Pricing Sovereign Debt: Foreign Versus Local Parameters
-
Probability of Loss and the Capital Asset Pricing Model
-
Proxies for the corporate marginal tax rate
-
Public trust, the law, and financial investment
-
Quantifying Long-Term Market Impact
-
Range-based estimation of stochastic volatility models
-
Rational Expectations and Risk Premia in Forward Markets: Primary Metals at the London Metals Exchange
-
Realized semibetas: Disentangling “good” and “bad” downside risks
-
Religious Social Norms and Corporate Financial Reporting
-
Reports of Value’s Death May Be Greatly Exaggerated
-
Resolving macroeconomic uncertainty in stock and bond markets
-
Retail shareholder participation in the proxy process: Monitoring, engagement, and voting
-
Risk Everywhere: Modeling and Managing Volatility
-
Risk Everywhere: Modeling and Managing Volatility
-
Risk Management in Financial Institutions
-
Risk Price Variation: The Missing Half of Empirical Asset Pricing
-
Risk and Return: Long-Run Relationships, Fractional Cointegration, and Return Predictability
-
Risk-Seeking Behavior and Its Implications for Financial Models
-
Risks for the long run: A potential resolution of asset pricing puzzles
-
Roughing up beta: Continuous versus discontinuous betas and the cross section of expected stock returns
-
Security design in initial public offerings
-
Short-rate expectations and unexpected returns in treasury bonds
-
Should Defined Contribution Plans Include Private Equity Investments?
-
Simulated likelihood estimation of diffusions with an application to exchange rate dynamics in incomplete markets
-
Size, ownership and the market for corporate control
-
Socially Responsible Investing in Good and Bad Times
-
Spatial Prediction of House Prices Using LPR and Bayesian Smoothing
-
Speculators and middlemen: The strategy and performance of investors in the housing market
-
Stimulating Housing Markets
-
Stock Prices and Volume
-
Stock market declines and liquidity
-
Stock return predictability and variance risk premia: statistical inference and international evidence
-
Strategic Rebalancing
-
Strategic Trading with Asymmetrically Informed Traders and Long-Lived Information
-
Strategic alliances and the boundaries of the firm
-
Strategic alliances, venture capital, and exit decisions in early stage high-tech firms
-
Strategic trading when agents forecast the forecasts of others
-
Stratification economics: The role of intergroup inequality
-
Superexogeneity and the dynamic linkages among international equity markets
-
Survivorship bias and investment style in the returns of CTAs: The information content of performance track records
-
Synergistic gains from corporate acquisitions and their division between the stockholders of target and acquiring firms
-
THE WELFARE ECONOMICS OF INTERNATIONAL ADJUSTMENT
-
Tail risk premia and return predictability
-
Tails, Fears, and Risk Premia
-
Tax incentives to hedge
-
Tax rates and corporate decision-making
-
Tax shelters and corporate debt policy
-
Taxes and Corporate Finance: A Review
-
Taxes and Corporate Finance: A Review
-
Term structure of interest rates with regime shifts
-
Testing for Nonlinear Dependence in Daily Foreign Exchange Rates
-
The "out-of-sample" performance of long run risk models
-
The Characteristics of Firms That Hire Chief Risk Officers
-
The Cross-Section of Labor Leverage and Equity Returns
-
The Direct Entry Versus Takeover Decision and Stock Price Performance Around Takeovers
-
The Dynamics of Location in Home Price
-
The Effect of Public Information and Competition on Trading Volume and Price Volatility
-
The Efficiency of Political Mechanisms for Siting Nuisance Facilities: Are Opponents More Likely to Participate than Supporters?
-
The Issue Decision of Manager‐Owners under Information Asymmetry
-
The Market for Mergers and the Boundaries of the Firm
-
The Real Effects of Hedge Fund Activism: Productivity, Asset Allocation, and Labor Outcomes
-
The Relationship Between Risk and Maturity In A Stochastic Setting
-
The Rise of Dual-Class Stock IPOs
-
The Role of Lockups in Initial Public Offerings
-
The Role of Trading Halts in Monitoring a Specialist Market
-
The Role of Trading Halts in Monitoring a Specialist Market
-
The Role of Waiting Time: Evidence from Physicians' Practices
-
The Theory and Practice of Corporate Risk Management: Evidence from the Field
-
The best of strategies for the worst of times: Can portfolios be crisis proofed?
-
The best strategies for inflationary times
-
The bias of tests for a risk premium in forward exchange rates
-
The capital structure decisions of new firms
-
The cost of debt
-
The distribution of realized stock return volatility
-
The economic effects of public financing: Evidence from municipal bond ratings recalibration
-
The effects of offering health plan choice within employment-based purchasing groups
-
The effects of transaction costs on stock prices and trading volume
-
The evolution of corporate cash
-
The forward premium anomaly is not as bad as you think
-
The high-volume return premium
-
The idiosyncratic volatility puzzle: Time trend or speculative episodes
-
The impact of accruals and lines of business on analysts' earnings forecast superiority
-
The impact of volatility targeting
-
The information content of the exchange rate and the stability of real output under alternative exchange-rate regimes
-
The interaction between product market and financing strategy: The role of venture capital
-
The joint determination of leverage and maturity
-
The limits of the limits of arbitrage
-
The long memory of the forward premium
-
The long-run equity risk premium
-
The long-term default performance of bank underwritten security issues
-
The misrepresentation of earnings
-
The performance of alternative valuation models in the OTC currency options market
-
The positive effects of biased self-perceptions in firms
-
The power of voice: Managerial affective states and future firm performance
-
The rationale behind interfirm tender offers
-
The real effects of financial constraints: Evidence from a financial crisis
-
The residual market factor, the APT, and mean-variance efficiency
-
The returns to hedge fund activism
-
The risk in hedge fund strategies: Theory and evidence from long/short equity hedge funds
-
The risk in hedge fund strategies: Theory and evidence from trend followers
-
The role of online buying experience as a competitive advantage: Evidence from third-party ratings for e-commerce firms
-
The sensitivity of corporate cash holdings to corporate governance
-
The term structure of equity risk premia
-
The theory and practice of corporate finance: Evidence from the field
-
The wealth effects of targeted share repurchases
-
Trade disclosure regulation in markets with negotiated trades
-
Trading Costs for Target Firms Around Takeovers
-
Trading Patterns and Prices in the Interbank Foreign Exchange Market
-
Transparency and talent allocation in money management
-
Trust and efficiency
-
Using expectations to test asset pricing models
-
Using option prices to infer overpayments and synergies in m&a transactions
-
VALUATION, LEVERAGE AND THE COST OF CAPITAL IN THE CASE OF DEPRECIABLE ASSETS: COMMENT
-
Valuation waves and merger activity: The empirical evidence
-
Value Destruction and Financial Reporting Decisions
-
Value destruction and financial reporting decisions
-
Variable selection for portfolio choice
-
Variance-ratio statistics and high-frequency data: Testing for changes in intraday volatility patterns
-
Variations in Trading Volume, Return Volatility, and Trading Costs; Evidence on Recent Price Formation Models
-
Venture capital and the professionalization of start-up firms: Empirical evidence
-
Volatility in equilibrium: Asymmetries and dynamic dependencies
-
Volatility, the Macroeconomy, and Asset Prices
-
What Explains Differences in Finance Research Productivity during the Pandemic?
-
What You See Is Not What You Get: The Costs of Trading Market Anomalies
-
What do a million observations have to say about loan defaults? Opening the black box of relationships
-
What does equity sector orderflow tell us about the economy?
-
What drives volatility persistence in the foreign exchange market?
-
What is the Price of Hubris? Using Takeover Battles to Infer Overpayments and Synergies
-
What's in a (school) name? Racial discrimination in higher education bond markets
-
When it cannot get better or worse: The asymmetric impact of good and bad news on bond returns in expansions and recessions
-
Work ethic, employment contracts, and firm value
-
Keywords of People