Research Papers / Publications


  • Pavel G. Savor, Mungo Wilson (Working), Earnings Announcements and Systematic Risk.    Abstract
  • Fernando Ferreira, Joseph Gyourko (Working), Does Gender Matter for Political Leadership? The Case of U.S. Mayors.  
  • Philipp Illeditsch (2011), Ambiguous Information, Portfolio Inertia, and Excess Volatility, Journal of Finance  Abstract
  • M. Yasser Boualam (Draft), Inflation, External Default, and the Composition of Sovereign Debt.  Abstract
  • Chenying Zhang, Haitian Lu, Hongbo Pan (Working), Political connections and judicial bias: evidence from Chinese corporate litigations (job market paper).    Abstract
  • Joseph Gyourko (Working), Response to HUD on FHA Risk Evaluation, November 21, 2011.  
  • Doron Levit (Under Revision), Soft Shareholder Activism.  Abstract
  • Joseph Gyourko (Working), "Is FHA the Next Housing Bailout?".    Abstract
  • Efstathios Avdis (Working), Intertemporal Information Acquisition (Work in Progress).
  • Efstathios Avdis (Working), Information Trade-offs in Dynamic Financial Markets (Job Market Paper).  
  • Alex Edmans, Xavier Gabaix (2011), Tractability in Incentive Contracting, Review of Financial Studies, 102 (1), 81 - 101.  Abstract
  • Doron Levit, Nadya Malenko (2011), Non-Binding Voting for Shareholder Proposals, Journal of Finance, 66(5), 1579-1614, October 2011  Abstract
  • Andrew B Abel, Janice C. Eberly (2011), How Q and Cash Flow Affect Investment with Frictions: An Analytic Explanation, The Review of Economic Studies, 78 (4), 1179-1200.
  • Alex Edmans, Xavier Gabaix, Tomasz Sadzik, Yuliy Sannikov (2011), Dynamic CEO Compensation, Journal of Finance
  • Alex Edmans (2011), Does the Stock Market Fully Value Intangibles? Employee Satisfaction and Equity Prices, Journal of Financial Economics, 101 (3), 621 - 640.  Abstract
  • Alex Edmans (2011), Short-Term Termination Without Deterring Long-Term Investment: A Theory of Debt and Buyouts, Journal of Financial Economics, 24 (9), 2865 - 2894.  Abstract
  • Robert F. Stambaugh (2011), Inference About Survivors, Quarterly Journal of Finance, 423-464.
  • Hanno N. Lustig, Nikolai Roussanov, Adrien Verdelhan (2011), Common Risk Factors in Currency Markets, Review of Financial Studies
  • Todd A. Gormley, Bong Hwan Kim, Xiumin Martin (2011), Do Firms Adjust Their Timely Loss Recognition in Response to Changes in the Banking Industry?, Journal of Accounting Research  Abstract
  • Alex Edmans, Xavier Gabaix (2011), The Effect of Risk on the CEO Market, Review of Financial Studies, 24 (8), 2822 - 2863.  Abstract
  • Alex Edmans, Gustavo Manso (2011), Governance Through Trading and Intervention: A Theory of Multiple Blockholders, Review of Financial Studies, 24 (7), 2395 - 2428.  Abstract
  • Jack Bao, Alex Edmans (2011), Do Investment Banks Matter For M&A Returns?, Review of Financial Studies, 24 (7), 2286 - 2315.  Abstract
  • Vincent Glode, Richard C. Green (2011), Information Spillovers and Performance Persistence for Hedge Funds, Journal of Financial Economics  Abstract
  • Martin Lettau, Jessica Wachter (2011), The Term Structures of Equity and Interest Rates, Journal of Financial Economics, 101, 90 - 113.  Abstract
  • Vincent Glode, Richard Lowery (Working), Bargaining with Asymmetric Costs for Information.  Abstract
  • Andrew B Abel, Ben S. Bernanke, Dean Croushore, Macroeconomics, 7th edition (2011).
  • Franklin Allen, Jun Qian, Chenying Zhang (Under Review), An Alternative View on Law, Institutions, Finance and Growth.  Abstract
  • Doron Levit (Working), Expertise, Structure, and Reputation of Corporate Boards.  Abstract
  • M. M. Croce, Thien T. Nguyen, L. Schmid (Under Review), Fiscal Policy and the Distribution of Consumption Risk.
  • Varadarajan V Chari, Ali Shourideh, Ariel Zetlin-Jones (Under Revision), Adverse Selection, Reputation and Sudden Collapses in Secondary Loan Markets.    Abstract
  • Susan M Wachter, Albert Saiz (2011), Immigration and the Neighborhood, American Economic Journal: Economic Policy, Vol. 3, 169 - 188.  Abstract
  • Jianfeng Yu, Yu Yuan (2011), Investor Sentiment and the Mean-Variance Relation, Journal of Financial Economics, Vol 100, pp, 367-381.  Abstract
  • Pavel G. Savor, Mario Gamboa-Cavazos (Working), Holding on to Your Shorts: When Do Short Sellers Retreat?.    Abstract
  • Vincent Glode (2011), Why Mutual Funds 'Underperform', Journal of Financial Economics  Abstract
  • Jerry Tsai (Working), Dynamic Asset Allocation with Learning.  Abstract
  • Archishman Chakraborty, Simon Gervais, Bilge Yilmaz (2011), Security Design in Initial Public Offerings, Review of Finance , 15 (2), 327 - 357.
  • Itamar Drechsler, Amir Yaron (2011), What's Vol Got to Do With It, Review of Financial Studies, 24 (1), 1 - 45.  Abstract
  • Alex Edmans, Qi Liu (2011), Inside Debt, Review of Finance, 15 (1), 75 - 102. doi: 10.1093/rof/rfq008.    Abstract
  • Todd A. Gormley, David A. Matsa (2011), Growing Out of Trouble? Corporate Responses to Liability Risk, Review of Financial Studies, 24 (8), 2781 - 2821.  Abstract
  • Karen K. Lewis (2011), Global Asset Pricing, Annual Review of Financial Economics, 3, 435 - 466.  
  • Ivan Shaliastovich, Ravi Bansal (2011), Learning and Asset-Price Jumps, Review of Financial Studies, 24 (8).  Abstract
  • Ivan Shaliastovich, George Tauchen (2011), Pricing of the Time-Change Risks, Journal of Economic Dynamics and Control, 35 (6).  Abstract
  • Archishman Chakraborty, Bilge Yilmaz (2011), Adverse Selection and Convertible Bonds, The Review of Economic Studies, 78 (1), 148 - 175.