Research Papers / Publications


  • Fernando Ferreira, Joseph Gyourko (Working), Anatomy of the U.S. Housing Boom and Bust, 1993-2009.  Abstract
  • Karen K. Lewis, Sandy Lai (Working), Are the Gains from Foreign Diversification Diminishing? Assessing the Impact with Cross-listed Stocks.  
  • Franklin Allen (Working), The African Financial Development Gap (with E. Carletti, R. Cull, J. Qian and L. Senbet), Working Paper 10-18, Wharton Financial Institutions Center, University of Pennsylvania..  Abstract
  • Franklin Allen (Working), "Stakeholder Capitalism, Corporate Governance and Firm Value" (with E. Carletti and R. Marquez), Working Paper 09-28, Wharton Financial Institutions Center, University of Pennsylvania..  Abstract
  • Franklin Allen (Working), "Financing Firms in India" (with R. Chakrabarti, S. De, J. Qian and M. Qian), Working Paper 06-08, Wharton Financial Institutions Center, University of Pennsylvania..  Abstract
  • Franklin Allen (Working), "Financial Connections and Systemic Risk" (with A. Babus and E. Carletti), Working Paper 10-20, Wharton Financial Institutions Center, University of Pennsylvania..  Abstract
  • Joao F. Gomes (Work In Progress), The Macroeconomic Implications of Corporate Income Taxes.
  • Joao F. Gomes (Work In Progress), Leverage and Equity Risk: Better Estimates.
  • Bernard Dumas, Karen K. Lewis, Emilio Osambela (Working), Differences of Opinion and International Equity Markets.  
  • Fabio Ghironi, Karen K. Lewis (Working), Equity Sales and Manager Efficiency across Firms and the Business Cycle.
  • Pricila Maziero, Laurence Ales (Working), Non-exclusive Dynamic Contracts, Competition, and the Limits of Insurance.  Abstract
  • Pricila Maziero, Laurence Ales (Working), Accounting for Private Information.  Abstract
  • Pricila Maziero, Laurence Ales (Working), Adverse Selection and Non-exclusive Contracts.  Abstract
  • David Musto, Gregory Nini, Krista Schwarz (Working), Notes on Bonds: Liquidity at all Costs in the Great Recession.  Abstract  Related Materials
  • Carlos Bellon (Work In Progress), Consumer-Financed Innovation.  Abstract
  • Carlos Bellon (Work In Progress), The Decision to Go Public: Contributions from UK Data.  Abstract
  • Carlos Bellon (Working), Industrial Competition as a Limit to Banking Market Power.  
  • Wei Jia (Work In Progress), International Risk factors for Equity.  Abstract
  • Wei Jia (Work In Progress), RA-sentiment.    Abstract
  • Qi Liu (Working), Relative Wealth Concerns and Executive Compensation (Job Market Paper).  
  • Qi Liu (Work In Progress), Incentive Contracting under Ambiguity-Aversion.
  • Qi Liu (Work In Progress), Feedback Effects and CEO Compensation.
  • Andrew MacKinlay (Working), (How) Do Taxes Affect Capital Structure?.  
  • Andrew MacKinlay (Work In Progress), Adverse Selection Costs and Debt Issuance.
  • Robert C. Ready (Working), “Oil Producer Stock Returns and Oil Supply Shocks”.
  • Robert C. Ready (Working), Oil Prices and Long-Run Risk (Job Market Paper).  
  • Leonid Spesivtsev (Working), Manipulation in Financial Markets and the Implications for Debt Financing.  
  • Yu Yuan (Under Review), Attention and Trading.
  • Xiaohui Gao, Jianfeng Yu, Yu Yuan (Working), Investor Sentiment and Idiosyncratic Risk Puzzle.
  • Leonard Lee, Michelle Lee, Gal Zauberman (Working), Preference Stability for Time versus Money.
  • Joseph Gyourko (Forthcoming), Understanding Commercial Real Estate: Just How Different from Housing Is It?, NBER Working Paper #14708, February 2009.
  • Joseph Gyourko, Yongheng Deng, Wu Jing (Forthcoming), Evaluating Conditions in Major Chinese Housing Markets, Regional Science and Urban Economics, forthcoming
  • Ronel Elul, Nicholas S. Souleles, Souphala Chomsisengphet, Dennis Glennon, Robert Hunt (Forthcoming), What 'Triggers' Mortgage Default?, AER P&P, forthcoming
  • Leonid Kogan, Dmitry Livdan, Amir Yaron (Forthcoming), Oil Futures Prices in a Production Economy with Investment Constraints, Journal of Finance, 2009, 64 (3), 1345-1375.
  • Franklin Allen (FNCE), Jun Qian, Chenying Zhang, Mengxin Zhao (Forthcoming), China’s Financial System: Opportunities and Challenges, Forthcoming in Joseph Fan and Randall Morck, eds. Capitalizing China. University of Chicago Press., NBER volume.  Abstract
  • Malcolm Baker, Jeff Wurgler, Yu Yuan (Forthcoming), Global, Local, and Contagious Investor Sentiment, Journal of Financial Economics  Related Materials
  • Robert F. Stambaugh (FNCE), Jianfeng Yu, Yu Yuan (Forthcoming), The Short of It: Investor Sentiment and Anomalies, Journal of Financial Economics