John R. Graham | Scholars@Duke

John R. Graham
D. Richard Mead, Jr. Family Distinguished Professor of Business Administration

Dr. John R. Graham is D. Richard Mead professor of finance at the Fuqua School of Business, where he has won the Outstanding Faculty and several Best Teacher awards, and a research associate of the National Bureau of Economic Research. His research focuses on taxes, capital structure, cash management, governance, financial reporting, and payout policy and has research awards including the Jensen Prize, the Brattle Prize, and the Notable Contribution to Accounting Award. Kroll (Duff and Phelps) publishes his corporate tax rate and optimal capital structure analyses in their Valuation publications. Graham has been president and a director of the American Finance Association (AFA), the Financial Management Association (FMA) and the Western Finance Association, and is a fellow of the AFA and FMA. Graham co-edited The Journal of Finance for six years and worked as a senior economist at Virginia Power for seven years. Graham has directed The CFO Survey (now conducted jointly with the Federal Reserve Banks of Richmond and Atlanta) since 1997.

Current Appointments & Affiliations

D. Richard Mead, Jr. Family Distinguished Professor of Business Administration, Fuqua School of Business, Duke University 2006
Professor of Business Administration, Fuqua School of Business, Duke University 2004

Contact Information

417W Fuqua Sch of Bus, Durham, NC 27708
Box 90120, Durham, NC 27708-0120
(919) 660-7857
Fuqua Faculty Profile

Background
Education, Training, & Certifications
- Ph.D., Duke University 1994
- M.A., Virginia Commonwealth University 1988
- B.A., College of William and Mary 1983
Previous Appointments & Affiliations
- Associate Professor of Business Administration, Fuqua School of Business, Duke University 2001 - 2004
- Associate Professor of Business Administration, Fuqua School of Business, Duke University 1999 - 2001
- Assistant Professor of Business Administration, Fuqua School of Business, Duke University 1997 - 1999
Recognition
In the News
- DEC 7, 2021 Fuqua School of Business
  
  The CFO Survey: CFOs report rising costs that could last through 2022
- OCT 14, 2021 Fuqua School of Business
  
  Cost Pressures Mount Amid Widespread Supply Disruption and Labor Shortages
- OCT 7, 2020 Fuqua School of Business
  
  The CFO Survey Shows Expectation of Slow Recovery
- SEP 25, 2020
  
  Remembering RBG, Fearing a 'Twindemic' and Deep-Diving Whales: Duke in the News This Week
- JUL 9, 2020 Fuqua School of Business
  
  The CFO Survey: Business Confidence Beginning to Rebound
- APR 15, 2020 Fuqua School of Business
  
  COVID-19 Drives CFO Optimism Down to Great Recession Levels
- DEC 11, 2019 Fuqua School of Business
  
  Survey: Half of US CFOs Expect Recession in 2020 As Election Looms
- SEP 18, 2019 Fuqua School of Business
  
  CFO Survey: Optimism Sinks to 3-Year Low; Recession Expected Before 2020 Election
- JUN 12, 2019 Fuqua School of Business
  
  Returns from CFO Survey: Recession Predicted in 2020 and Strong Support for Immigration Reform
- APR 17, 2019 Fuqua School of Business
  
  Fuqua's CFO Survey: Recession Expected by Late 2020
- JUN 13, 2018 Fuqua School of Business
  
  Top of CFO Concerns: Hacking and Borrowing Costs, But Optimism Still High
- MAR 7, 2018 Fuqua School of Business
  
  CFO Survey: Firms Slow to Adopt Fintech; Tax Reform Boosts CFO Optimism
- DEC 13, 2017 Fuqua School of Business
  
  CFO Survey: Pending Tax Reform Prompts Spike in Business Optimism
- SEP 8, 2017 Fuqua School of Business
  
  CFO Survey: Tight Labor Market Slows Corporate Expansion, Drives up Wages
- AUG 30, 2017
  
  The Workplace of the Future
- MAR 15, 2017 Fuqua School of Business
  
  CFOs to Trump: Stop Tweeting, Lose the Border Tax, But Continue Some Reforms
- DEC 7, 2016
  
  CFO Survey: Trump's Win Boosts Business Optimism
- SEP 15, 2016 CBS News, MoneyWatch
  
  CFO survey: Political uncertainly likely to tighten the spigot on corporate spending even beyond election day
- JUN 9, 2016 CNN Money
  
  Duke survey: Political fears are depressing U.S. hiring and expansion plans
- JUN 8, 2016
  
  CFO Survey: Political Uncertainty Slows Nearly Half of U.S. Firms
- JUN 8, 2016 The News & Observer
  
  Duke CFO survey finds politics is hurting business spending
- JUN 8, 2016 Bloomberg
  
  Hiring plans axed amid election-year uncertainty, U.S. CFOs say
- MAR 30, 2016 Computerworld
  
  John Graham comments: California's $15-an-hour minimum wage may spur automation
- MAR 15, 2016 Forbes
  
  It's not every U.S. election that can destabilize the economy
- MAR 10, 2016 Triad Business Journal
  
  U.S. tumbling into a recession? Here are the odds ...
- DEC 9, 2015
  
  CFO Survey: Weak Business Spending Forecast; Employment Growth Continues
- DEC 9, 2015 Bloomberg
  
  Duke University/CFO Global Business Outlook: Optimism among U.S. companies eased in second half of 2015
- NOV 13, 2015 Inc.
  
  Why your company's culture is crucial to its value
- SEP 25, 2015 Reuters
  
  CFOs see earnings shenanigans in 20 percent of U.S. public firms
- SEP 15, 2015 Fortune
  
  John Graham quoted: 4 reasons why you should be worried about a Fed rate hike
- SEP 11, 2015 The Wall Street Journal
  
  Economy and risk give CFOs the blues, Duke says
- SEP 10, 2015
  
  CFO Survey: Labor Markets Tighten; Stock Market Still Overvalued
- SEP 10, 2015 Bloomberg
  
  Companies plan to increase wages in U.S. as jobs hard to fill
- SEP 8, 2015 WRAL Tech Wire
  
  Who's best presidential contender for business? Trump, say CFOs in Duke survey
- SEP 4, 2015
  
  CFO Survey: Trump, Fiorina Viewed as Best for Business
- JUN 11, 2015 CBS News
  
  John Graham on Duke study: Corporate execs expect fatter paychecks for workers
- JUN 10, 2015
  
  CFO Survey: Strong Hiring and Wage Growth Expected in U.S.
- JUN 8, 2015 CBS News
  
  Duke survey of CFOs: Percentage of companies that report systems hacked
- JUN 5, 2015
  
  New CFO Survey: More Than 80 Percent of Firms Say They've Been Hacked
- MAY 13, 2015
  
  Ideas That Move the World Forward: John Graham
Awards & Honors
Research
External Relationships
- Kroll -- Duff and Phelps
- The Brattle Group
Publications & Artistic Works
Selected Publications
- Books
  - Graham, John, and Scott Smart. Introduction to Corporate Finance. Cengage Learning, 2012.
  - Graham, John, Scott Smart, and William Megginson. Corporate Finance: Linking Theory to What Companies Do. Cengage Learning, 2009.
- Academic Articles
  - Graham, J. R., J. Grennan, C. R. Harvey, and S. Rajgopal. “Corporate culture: Evidence from the field (Accepted).” Journal of Financial Economics 146, no. 2 (November 1, 2022): 552–93. https://doi.org/10.1016/j.jfineco.2022.07.008.
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  - Binz, O., and J. R. Graham. “The Information Content of Corporate Earnings: Evidence from the Securities Exchange Act of 1934.” Journal of Accounting Research 60, no. 4 (September 1, 2022): 1379–1418. https://doi.org/10.1111/1475-679X.12425.
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  - Graham, J. R. “Presidential Address: Corporate Finance and Reality.” Journal of Finance 77, no. 4 (August 1, 2022): 1975–2049. https://doi.org/10.1111/jofi.13161.
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  - Barry, J. W., M. Campello, J. R. Graham, and Y. Ma. “Corporate flexibility in a time of crisis.” Journal of Financial Economics 144, no. 3 (June 1, 2022): 780–806. https://doi.org/10.1016/j.jfineco.2022.03.003.
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  - Graham, J. R., H. Kim, and M. Leary. “CEO-board dynamics.” Journal of Financial Economics 137, no. 3 (September 1, 2020): 612–36. https://doi.org/10.1016/j.jfineco.2020.04.007.
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  - Bodnar, G. M., E. Giambona, J. R. Graham, and C. R. Harvey. “A view inside corporate risk management.” Management Science 65, no. 11 (November 1, 2019): 5001–26. https://doi.org/10.1287/mnsc.2018.3081.
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  - Giambona, E., J. R. Graham, C. R. Harvey, and G. M. Bodnar. “The Theory and Practice of Corporate Risk Management: Evidence from the Field.” Financial Management 47, no. 4 (December 1, 2018): 783–832. https://doi.org/10.1111/fima.12232.
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  - Graham, J. R., and M. T. Leary. “The evolution of corporate cash.” Review of Financial Studies 31, no. 11 (November 1, 2018): 4288–4344. https://doi.org/10.1093/rfs/hhy075.
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  - Graham, J. R., M. Hanlon, T. Shevlin, and N. Shroff. “Tax rates and corporate decision-making.” Review of Financial Studies 30, no. 9 (September 1, 2017): 3128–75. https://doi.org/10.1093/rfs/hhx037.
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  - Giambona, E., J. R. Graham, and C. R. Harvey. “The management of political risk.” Journal of International Business Studies 48, no. 4 (May 1, 2017): 523–33. https://doi.org/10.1057/s41267-016-0058-4.
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  - Dichev, I., J. Graham, C. R. Harvey, and S. Rajgopal. “The misrepresentation of earnings.” Financial Analysts Journal 72, no. 1 (January 1, 2016): 22–35. https://doi.org/10.2469/faj.v72.n1.4.
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  - Graham, John R., Mark T. Leary, and Michael R. Roberts. “The Leveraging of Corporate America: A Long‐Run Perspective on Changes in Capital Structure.” Journal of Applied Corporate Finance 28, no. 4 (2016): 29–37. https://doi.org/10.1111/jacf.12208.
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  - Graham, J. R., M. T. Leary, and M. R. Roberts. “A century of capital structure: The leveraging of corporate America.” Journal of Financial Economics 118, no. 3 (December 1, 2015): 658–83. https://doi.org/10.1016/j.jfineco.2014.08.005.
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  - Graham, John R., Mark T. Leary, and Michael R. Roberts. “A Century of Capital Structure: The Leveraging of Corporate America,” February 2014.
  - Graham, J. R., M. Hanlon, T. Shevlin, and N. Shroff. “Incentives for Tax Planning and Avoidance: Evidence from the field.” Accounting Review 89, no. 3 (January 1, 2014): 991–1023. https://doi.org/10.2308/accr-50678.
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  - Graham, J. R., C. R. Harvey, and M. Puri. “Managerial attitudes and corporate actions.” Journal of Financial Economics 109, no. 1 (July 1, 2013): 103–21. https://doi.org/10.1016/j.jfineco.2013.01.010.
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  - Campello, M., and J. R. Graham. “Do stock prices influence corporate decisions? Evidence from the technology bubble.” Journal of Financial Economics 107, no. 1 (January 1, 2013): 89–110. https://doi.org/10.1016/j.jfineco.2012.08.002.
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  - Graham, J. R. “Do Taxes Affect Corporate Decisions? A Review” 2, no. PA (January 1, 2013): 123–210. https://doi.org/10.1016/B978-0-44-453594-8.00003-3.
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  - Dichev, I. D., J. R. Graham, C. R. Harvey, and S. Rajgopal. “Earnings quality: Evidence from the field.” Journal of Accounting and Economics, 2013.
  - Graham, J. R., C. R. Harvey, and M. Puri. “Managerial attitudes and corporate actions.” Journal of Financial Economics, 2013.
  - Graham, J. R., J. S. Raedy, and D. A. Shackelford. “Accounting for income taxes: Primer, extant research, and future directions.” Foundations and Trends in Finance 7, no. 1–2 (December 1, 2012): 1–157. https://doi.org/10.1561/0500000042.
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  - Dichev, I. D., J. R. Graham, C. R. Harvey, and S. Rajgopal. “Earnings quality: Evidence from the field.” Journal of Accounting and Economics 56, no. 2–3 (November 2, 2012): 1–33. https://doi.org/10.1016/j.jacceco.2013.05.004.
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  - Campello, M., E. Giambona, J. R. Graham, and C. R. Harvey. “Access to liquidity and corporate investment in Europe during the financial crisis.” Review of Finance 16, no. 2 (April 1, 2012): 323–46. https://doi.org/10.1093/rof/rfr030.
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  - Graham, J. R., J. S. Raedy, and D. A. Shackelford. “Research in accounting for income taxes.” Journal of Accounting and Economics 53, no. 1–2 (February 1, 2012): 412–34. https://doi.org/10.1016/j.jacceco.2011.11.006.
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  - Graham, J. R., S. Li, and J. Qiu. “Managerial attributes and executive compensation.” Review of Financial Studies 25, no. 1 (January 1, 2012): 144–86. https://doi.org/10.1093/rfs/hhr076.
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  - Graham, J. R., S. Hazarika, and K. Narasimhan. “Corporate governance, debt, and investment policy during the great depression.” Management Science 57, no. 12 (December 1, 2011): 2083–2100. https://doi.org/10.1287/mnsc.1110.1415.
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  - Graham, J. R., S. Hazarika, and K. Narasimhan. “Financial distress in the great depression.” Financial Management 40, no. 4 (December 1, 2011): 821–44. https://doi.org/10.1111/j.1755-053X.2011.01163.x.
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  - Binsbergen, Jules H. van, John R. Graham, and Jie Yang. “An Empirical Model of Optimal Capital Structure1.” Journal of Applied Corporate Finance 23, no. 4 (December 2011): 34–59. https://doi.org/10.1111/j.1745-6622.2011.00351.x.
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  - Campello, M., J. R. Graham, and C. R. Harvey. “The Long-Term Cost of the Financial Crisis,” November 29, 2011, 569–78. https://doi.org/10.1002/9781118266588.ch70.
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  - Graham, J. R., and C. R. Harvey. “The Equity Risk Premium Amid a Global Financial Crisis,” November 29, 2011, 525–35. https://doi.org/10.1002/9781118266588.ch65.
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  - Graham, J. R., and M. T. Leary. “A review of empirical capital structure research and directions for the future.” Annual Review of Financial Economics 3 (November 16, 2011): 309–45. https://doi.org/10.1146/annurev-financial-102710-144821.
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  - Graham, John R., Campbell R. Harvey, and Manju Puri. “Capital Allocation and Delegation of Decision-Making Authority within Firms,” August 2011.
  - Campello, M., E. Giambona, J. R. Graham, and C. R. Harvey. “Liquidity management and corporate investment during a financial crisis.” Review of Financial Studies 24, no. 6 (June 1, 2011): 1944–79. https://doi.org/10.1093/rfs/hhq131.
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  - Graham, J. R. “Using CFO Surveys as a Motivational Tool to Teach Corporate Finance.” Financial Review 46, no. 2 (May 1, 2011): 193–205. https://doi.org/10.1111/j.1540-6288.2011.00296.x.
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  - Binsbergen, Jules H. van, John R. Graham, and Jie Yang. “Optimal Capital Structure,” April 9, 2011.
  - Graham, John R., and Mark T. Leary. “A Review of Empirical Capital Structure Research and Directions for the Future.” Annual Review of Financial Economics 3 (April 7, 2011).
  - Graham, J. R., M. Hanlon, and T. Shevlin. “Real Effects of Accounting Rules: Evidence from Multinational Firms' Investment Location and Profit Repatriation Decisions.” Journal of Accounting Research 49, no. 1 (March 1, 2011): 137–85. https://doi.org/10.1111/j.1475-679X.2010.00395.x.
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  - Van Binsbergen, J. H., J. R. Graham, and J. Yang. “The cost of debt.” Journal of Finance 65, no. 6 (December 1, 2010): 2089–2136. https://doi.org/10.1111/j.1540-6261.2010.01611.x.
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  - Campello, M., J. R. Graham, and C. R. Harvey. “The real effects of financial constraints: Evidence from a financial crisis.” Journal of Financial Economics 97, no. 3 (September 1, 2010): 470–87. https://doi.org/10.1016/j.jfineco.2010.02.009.
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  - Brandt, M. W., A. Brav, J. R. Graham, and A. Kumar. “The idiosyncratic volatility puzzle: Time trend or speculative episodes.” Review of Financial Studies 23, no. 2 (February 1, 2010): 863–99. https://doi.org/10.1093/rfs/hhp087.
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  - Graham, J. R., M. Hanlon, and T. Shevlin. “Barriers to mobility: The lockout effect of U.S. taxation of worldwide corporate profits.” National Tax Journal 63, no. 4 (January 1, 2010): 1111–44. https://doi.org/10.17310/ntj.2010.4S.12.
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  - Graham, J. R., M. Hanlon, and T. Shevlin. “Barriers to mobility: The lockout effect of U.S. taxation of worldwide corporate profits.” National Tax Journal 63, no. 4 (2010): 1111–44.
  - Graham, J. R., C. R. Harvey, and H. Huang. “Investor competence, trading frequency, and home bias.” Management Science 55, no. 7 (July 1, 2009): 1094–1106. https://doi.org/10.1287/mnsc.1090.1009.
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  - Graham, J. R., and H. Kim. “The Effects of the length of the tax-loss carryback period on tax receipts and corporate marginal tax rates.” National Tax Journal 62, no. 3 (January 1, 2009): 413–27. https://doi.org/10.17310/ntj.2009.3.04.
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  - Graham, J. R., and L. F. Mills. “Using tax return data to simulate corporate marginal tax rates.” Journal of Accounting and Economics 46, no. 2–3 (December 1, 2008): 366–88. https://doi.org/10.1016/j.jacceco.2007.10.001.
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  - Brav, A., J. R. Graham, C. R. Harvey, and R. Michaely. “Managerial response to the may 2003 dividend tax cut.” Financial Management 37, no. 4 (December 1, 2008): 611–24. https://doi.org/10.1111/j.1755-053X.2008.00027.x.
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  - Graham, J. R., S. Li, and J. Qiu. “Corporate misreporting and bank loan contracting.” Journal of Financial Economics 89, no. 1 (July 1, 2008): 44–61. https://doi.org/10.1016/j.jfineco.2007.08.005.
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  - Graham, J. R. “Taxes and Corporate Finance” 1 (January 1, 2008): 59–133. https://doi.org/10.1016/B978-0-444-53265-7.50003-2.
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  - Brav, A., J. R. Graham, C. R. Harvey, and R. Michaely. “The effect of the May 2003 dividend tax cut on corporate dividend policy: Empirical and survey evidence.” National Tax Journal 61, no. 3 (January 1, 2008): 381–96. https://doi.org/10.17310/ntj.2008.3.03.
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  - Graham, John R., and Campbell R. Harvey. “The Equity Risk Premium in January 2007: Evidence from the Global CFO Outlook Survey,” January 25, 2007.
  - Graham, J. R., C. R. Harvey, and S. Rajgopal. “"Value destruction and financial reporting decisions": Author response [2].” Financial Analysts Journal 63, no. 2 (January 1, 2007): 10. https://doi.org/10.2469/faj.v63.n2.4530.
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  - Graham, J. R., C. R. Harvey, and S. Rajgopal. “Value destruction and financial reporting decisions.” Financial Analysts Journal 62, no. 6 (November 1, 2006): 27–39. https://doi.org/10.2469/faj.v62.n6.4351.
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  - Graham, J. R., J. L. Koski, and U. Loewenstein. “Information flow and liquidity around anticipated and unanticipated dividend announcements.” Journal of Business 79, no. 5 (September 1, 2006): 2301–36. https://doi.org/10.1086/505236.
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  - Graham, J. R., and A. L. Tucker. “Tax shelters and corporate debt policy.” Journal of Financial Economics 81, no. 3 (September 1, 2006): 563–94. https://doi.org/10.1016/j.jfineco.2005.09.002.
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  - Graham, J. R., and A. Kumar. “Do dividend clienteles exist? Evidence on dividend preferences of retail investors.” Journal of Finance 61, no. 3 (June 1, 2006): 1305–36. https://doi.org/10.1111/j.1540-6261.2006.00873.x.
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  - Graham, John R., Campbell R. Harvey, and Hai Huang. “Investor Competence, Trading Frequency, and Home Bias,” May 2006.
  - Graham, John R., Campbell R. Harvey, and Shivaram Rajgopal. “Value Destruction and Financial Reporting Decisions.” Financial Analysts Journal 62, no. 6 (2006): 27–39.
  - Graham, J. R. “A review of taxes and corporate finance.” Foundations and Trends in Finance 1, no. 7 (December 1, 2005): 573–691. https://doi.org/10.1561/0500000010.
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  - Graham, J. R., and C. R. Harvey. “The long-run equity risk premium.” Finance Research Letters 2, no. 4 (December 1, 2005): 185–94. https://doi.org/10.1016/j.frl.2005.08.003.
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  - Brav, A., J. R. Graham, C. R. Harvey, and R. Michaely. “Payout policy in the 21st century.” Journal of Financial Economics 77, no. 3 (September 1, 2005): 483–527. https://doi.org/10.1016/j.jfineco.2004.07.004.
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  - Graham, J. R., C. R. Harvey, and S. Rajgopal. “The economic implications of corporate financial reporting.” Journal of Accounting and Economics 40, no. 1–3 (January 1, 2005): 3–73. https://doi.org/10.1016/j.jacceco.2005.01.002.
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  - Edwards, Courtney H., John R. Graham, Mark H. Lang, and Douglas A. Shackelford. “Employee Stock Options and Taxes,” November 2004.
  - Graham, J. R., M. H. Lang, and D. A. Shackelford. “Employee stock options, corporate taxes, and debt policy.” Journal of Finance 59, no. 4 (August 1, 2004): 1585–1618. https://doi.org/10.1111/j.1540-6261.2004.00673.x.
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  - Graham, J. R. “Taxes and Corporate Finance: A Review.” Review of Financial Studies 16, no. 4 (January 1, 2003): 1075–1129. https://doi.org/10.1093/rfs/hhg033.
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  - Graham, J. R. “Taxes and Corporate Finance: A Review.” Review of Financial Studies 16, no. 4 (2003): 1075–1129.
  - Graham, J. R., R. Michaely, and M. R. Roberts. “Do Price Discreteness and Transactions Costs Affect Stock Returns? Comparing Ex-Dividend Pricing before and after Decimalization.” Journal of Finance 58, no. 6 (January 1, 2003): 2611–36. https://doi.org/10.1046/j.1540-6261.2003.00617.x.
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  - Graham, John R., and Campbell R. Harvey. “How Do CFOs Make Capital Budgeting and Capital Structure Decisions?,” March 8, 2002.
  - Graham, J. R., M. L. Lemmon, and J. G. Wolf. “Does corporate diversification destroy value?” Journal of Finance 57, no. 2 (January 1, 2002): 695–720. https://doi.org/10.1111/1540-6261.00439.
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  - Graham, J. R., and D. A. Rogers. “Do firms hedge in response to tax incentives?” Journal of Finance 57, no. 2 (January 1, 2002): 815–39. https://doi.org/10.1111/1540-6261.00443.
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  - Graham, John R., and Daniel A. Rogers. “Do Firms Hedge in Response to Tax Incentives?” Journal of Finance 57 (2002): 815–39.
  - Graham, J. R., and C. R. Harvey. “The theory and practice of corporate finance: Evidence from the field.” Journal of Financial Economics 60, no. 2–3 (May 1, 2001): 187–243. https://doi.org/10.1016/S0304-405X(01)00044-7.
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  - Graham, John. “ESTIMATING THE TAX BENEFITS OF DEBT.” Journal of Applied Corporate Finance 14, no. 1 (March 2001): 42–54. https://doi.org/10.1111/j.1745-6622.2001.tb00319.x.
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  - Graham, J. R. “How big are the tax benefits of debt?” Journal of Finance 55, no. 5 (January 1, 2000): 1901–41. https://doi.org/10.1111/0022-1082.00277.
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  - Graham, John R., and Clifford W. Smith. “TAX PROGRESSIVITY AND CORPORATE INCENTIVES TO HEDGE.” Journal of Applied Corporate Finance 12, no. 4 (January 2000): 102–11. https://doi.org/10.1111/j.1745-6622.2000.tb00023.x.
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  - Graham, J. R. “Do personal taxes affect corporate financing decisions?” Journal of Public Economics 73, no. 2 (August 1, 1999): 147–85. https://doi.org/10.1016/S0047-2727(99)00006-7.
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  - Graham, J. R. “Herding among investment newsletters: Theory and evidence.” Journal of Finance 54, no. 1 (January 1, 1999): 237–68. https://doi.org/10.1111/0022-1082.00103.
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  - Graham, J. R., and C. W. Smith. “Tax incentives to hedge.” Journal of Finance 54, no. 6 (January 1, 1999): 2241–62. https://doi.org/10.1111/0022-1082.00187.
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  - Graham, John R., and Michael L. Lemmon. “MEASURING CORPORATE TAX RATES AND TAX INCENTIVES: A NEW APPROACH.” Journal of Applied Corporate Finance 11, no. 1 (March 1998): 54–65. https://doi.org/10.1111/j.1745-6622.1998.tb00077.x.
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  - Graham, J. R., M. L. Lemmon, and J. S. Schallheim. “Debt, leases, taxes, and the endogeneity of corporate tax status.” Journal of Finance 53, no. 1 (January 1, 1998): 131–62. https://doi.org/10.1111/0022-1082.55404.
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  - Graham, J. R., and C. R. Harvey. “Grading the performance of market-timing newsletters.” Financial Analysts Journal 53, no. 6 (January 1, 1997): 54–66. https://doi.org/10.2469/faj.v53.n6.2130.
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  - Graham, J. R. “Is a group of economists better than one? Than none?” Journal of Business 69, no. 2 (April 1, 1996): 193–232. https://doi.org/10.1086/209688.
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  - Graham, J. R. “Proxies for the corporate marginal tax rate.” Journal of Financial Economics 42, no. 2 (January 1, 1996): 187–221. https://doi.org/10.1016/0304-405X(96)00879-3.
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  - Graham, J. R. “Debt and the marginal tax rate.” Journal of Financial Economics 41, no. 1 (January 1, 1996): 41–73. https://doi.org/10.1016/0304-405X(95)00857-B.
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  - Graham, J. R., and C. R. Harvey. “Market timing ability and volatility implied in investment newsletters' asset allocation recommendations.” Journal of Financial Economics 42, no. 3 (January 1, 1996): 397–421. https://doi.org/10.1016/0304-405X(96)00878-1.
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- Book Sections
  - Graham, J. R. “Do Taxes Affect Corporate Decisions?” In The Handbook of Economics and Finance, edited by G. Constantinides, M. Harris, and R. Stulz, Vol. 2A. Amsterdam: North Holland, 2013.
  - Graham, J. R., M. Campello, and C. Harvey. “Lines of Credit and Investment in Europe: Evidence from the Financial Crisis.” In Going for Growth: The Role of Financial Intermediaries and Financial Markets in the Financing of Firms, edited by R. Guida and A. Mele. Bologna, Italy: Il Mulino, 2012.
  - Graham, J. R., M. Campello, and C. Harvey. “The Long-Term Cost of the Financial Crisis.” In Managing a Downturn. Prentice Hall, 2010.
  - Graham, J. R., and C. Harvey. “The Equity Risk Premium amid a Global Financial Crisis.” In Lessons from the Financial Crisis: Causes, Consequences, and Our Economic Future, edited by R. Kolb. Hoboken, NJ: Wiley and Sons, 2010.
  - Graham, J. R. “Taxes and Corporate Finance.” In Handbook of Corporate Finance, edited by B. E. Eckbo. Amsterdam: Elsevier, 2008.
  - Graham, J. R. “Corporate Taxes and Business Valuation.” In Handbook of Business Valuation, edited by T. L. West and J. D. Jones, 531–44. Wiley, 1999.
- Scholarly Editions
  - Graham, J. R., C. R. Harvey, and M. Puria. “A corporate beauty contest,” September 1, 2017. https://doi.org/10.1287/mnsc.2016.2484.
    Full Text
  - Graham, J. R., C. R. Harvey, and M. Puri. “Capital allocation and delegation of decision-making authority within firms,” March 1, 2015. https://doi.org/10.1016/j.jfineco.2014.10.011.
    Full Text
  - Ben-David, I., J. R. Graham, and C. R. Harvey. “Managerial miscalibration,” November 1, 2013. https://doi.org/10.1093/qje/qjt023.
    Full Text
Teaching & Mentoring
Recent Courses
- FINANCE 646: Corporate Finance 2022
- FINANCE 646: Corporate Finance 2021
- FINANCE 646: Corporate Finance 2020

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