Research Papers / Publications


  • Todd A. Gormley, Simon Johnson, Changyong Rhee (2015), Too Big to Fail? Government Policy vs. Investor Perceptions,”, Review of Finance, forthcoming, 19, 491 - 518.  Abstract
  • Andrey D. Pavlov, Eva M. Steiner, Susan M Wachter (2014), Macroeconomic Risk Factors and the Role of Mispriced Credit in the Returns from International Real estate Securities, Real Estate Economics  
  • Susan M Wachter, Lawrence Brown, Nagaraja, C. (2014), (forthcoming) Repeat Sales House Price Index Methodology, Journal of Real Estate Literature
  • Jules van Binsbergen, Robert Novy-Marx, Joshua Rauh, "Financial Valuation of PBGC Insurance with Market-Implied Default Probabilities". In Tax Policy and the Economy, edited by Jeffrey R. Brown, (2014).
  • Samuel Bazzi, Arya Gaduh, Alexander Rothenberg, Maisy Wong (Working), Skill Transferability, Migration, and Development: Evidence from Population Resettlement in Indonesia.  Abstract  Related Materials
  • Robert F. Stambaugh, Jianfeng Yu, Yu Yuan (2014), The Long of It: Odds That Investor Sentiment Spuriously Predicts Anomaly Returns, Journal of Financial Economics, 114, 613 - 619.  Abstract
  • Susan M Wachter (Work In Progress), The Housing and Credit Bubbles in the US and Europe: A Brief Comparison.  Abstract
  • Christine Dobridge (Work In Progress), Heterogeneous Effects of Household Credit: The Payday Lending Case.  
  • Christine Dobridge (Work In Progress), Fiscal Stimulus and Firms: A Tale of Two Recessions (Job Market Paper).  
  • Robert F. Stambaugh, Lubos Pastor, Lucian A. Taylor (Working), Do Funds Make More When They Trade More?.  Abstract  Related Materials
  • Marshall E. Blume, Donald B. Keim (Forthcoming), The Changing Nature of Institutional Stock Investing.    Abstract
  • Jonathan Berk, Jules van Binsbergen (2014), Measuring Skill in the Mutual Fund Industry, Journal of Financial Economics, (forthcoming).
  • Vito Gala (Working), Measuring Marginal q.  Abstract
  • Yasser Boualam (Draft), Bank Lending and Relationship Capital (Job Market Paper).  Abstract
  • Allan H Meltzer, Scott F Richard (Draft), A Positive Theory of Economic Growth and the Distrbution of Income.    Abstract
  • Jakub W. Jurek, Zhikai Xu (Under Revision), Option-Implied Currency Risk Premia.  Abstract
  • Gill Segal (Work In Progress), From Private-Belief Formation to Aggregate-Vol Oscillation.  Abstract
  • Darien Huang, Ivan Shaliastovich (Draft), Volatility-of-Volatility Risk.  Abstract
  • Todd A. Gormley, David A. Matsa (Working), Playing it Safe? Managerial Preferences, Risk, and Agency Conflicts.  Abstract
  • Yrjo Koskinen, Michael Rebello, Yun Wang (2014), Private Information and Bargaining Power in Venture Capital Financing, Journal of Economics and Management Strategy
  • Vincent Glode, Philip Bond (2014), The Labor Market for Bankers and Regulators, Review of Financial Studies  Abstract
  • Susan M Wachter (Work In Progress), The Market Structure of Securitisation and the US Housing Bubble.  Abstract
  • Joseph Gyourko, Yongheng Deng, Jing Wu (Work In Progress), The Wharton/NUS/Tsinghua Chinese Resident ial Land Price Indexes (CRLPI) White Paper .  Abstract
  • Doron Levit (Under Review), Governing Through Communication and Intervention.  Abstract  Related Materials
  • Yrjo Koskinen, Arturo Bris, Mattias Nilsson (2014), The Euro and Corporate Financing before the Crisis, Journal of Financial Economics
  • Jakub W. Jurek (2014), Crash-Neutral Currency Carry Trades, Journal of Financial Economics, 113 (1), 325 - 347.  Abstract
  • Robert F. Stambaugh (2014), Investment Noise and Trends, Journal of Finance, 69 (4), 1415 - 1453.  Abstract
  • Jakub W. Jurek, Erik Stafford (2014), The Cost of Capital for Alternative Investments, The Journal of Finance, forthcoming.  Abstract
  • Mark Jenkins, David Smith (Working), Creditor Conflict and the Efficiency of Corporate Reorganization.  Abstract
  • Dieter Vanwalleghem (Work In Progress), Impact investing and social financial contracts.    Abstract
  • Todd A. Gormley (2014), Costly Information, Entry, and Credit Access, Journal of Economic Theory, Forthcoming, 154, 633 - 667. doi: http://dx.doi.org/10.1016/j.jet.2014.06.003.  Abstract
  • Varadarajan V Chari, Ali Shourideh, Ariel Zetlin-Jones (Forthcoming), Reputation and Persistence of Adverse Selection in Secondary Loan Markets.  Abstract
  • Ravi Bansal, Dana Kiku, Ivan Shaliastovich, Amir Yaron (2014), Volatility, the Macroeconomy, and Asset Prices, Journal of Finance, 69 (6), 2471 - 2511.
  • Darien Huang, Ivan Shaliastovich (Draft), Risk Adjustment and the Temporal Resolution of Uncertainty: Evidence from Options Markets.  Abstract
  • Susan M Wachter, Arthur Acoca, Shahana Chattaraj (Work In Progress), Urban Governance and Development of Informality in China and India.  Abstract
  • Doron Levit, Alex Edmans, Devin Reilly (Under Review), Governance and Comovement Under Common Ownership.  Abstract  Related Materials
  • Jules van Binsbergen, Myrthe de Jong, Ralph S.J. Koijen, Dirk Broeders (2014), Collective Pension Schemes and Individual Choice, Journal of Pension Economics and Finance
  • Menno Pradhan, Daniel Suryadarma, Amanda Beatty, Maisy Wong, Arya Gaduh, Armida Alisjahbana, Rima Prama Artha (2014), Improving Educational Quality through Enhancing Community Participation: Results from a Randomized Field Experiment in Indonesia, American Economic Journal: Applied Economics, 6 (2), 105 - 126.
  • Todd A. Gormley, Nandini Gupta, Anand Jha (Working), Quiet Life No More? Corporate Bankruptcy and Bank Competition.  Abstract
  • Robert W. Holthausen, Mark E. Zmijewski, Corporate Valuation: Theory, Evidence and Practice (2014).
  • Todd A. Gormley, David A. Matsa (2014), Common Errors: How to (and Not to) Control for Unobserved Heterogeneity, Review of Financial Studies, 27 (2).  Abstract  Related Materials
  • Susan M Wachter, Andrey Pavlov, Eva M. Steiner (Work In Progress), Real Estate Investment and Leverage: In Good Times and in Bad.  Abstract