Research Papers / Publications


  • Philip Bond, Kathleen Hagerty (2009), Preventing crime waves, American Economic Journal: Microeconomics, December 2009.
  • Franklin Allen, Ana Babus, Elena Carletti (2009), Financial Crises: Theory and Evidence, Annual Review of Financial Economics, December 2009.
  • Karin Thorburn, Sandra Betton, B. Espen Eckbo (2009), Merger negotiations and the Toehold Puzzle, Journal of Financial Economics, 91, 158 - 178.
  • Philip Bond, Andrew F. Newman (2009), Prohibitions on punishments in private contracts, Journal of Financial Intermediation, 18 (4), 526 - 540.
  • Joao F. Gomes, Leonid Kogan, Motohiro Yogo (2009), Durability of Output and Expected Stock Returns, Journal of Political Economy, 117 (5), 941 - 986.  Abstract  Related Materials
  • Karin Thorburn, B. Espen Eckbo (2009), Automatic bankruptcy auctions and fire-sales, Journal of Financial Economics, 89, 404 - 422.
  • Franklin Allen, Elena Carletti, Robert Marquez (2009), Credit Market Competition and Capital Regulation, Forthcoming, Review of Financial Studies  Abstract
  • Philip Bond, Hulya Eraslan (2009), Information-based trade, Journal of Economic Theory, September 2009.
  • Lubos Pastor, Robert F. Stambaugh (2009), Predictive Systems: Living with Imperfect Predictors, Journal of Finance, 1583-1628.  Abstract
  • Franklin Allen, Elena Carletti, Douglas Gale (2009), Interbank Market Liquidity and Central Bank Intervention, Journal of Monetary Economics, 56 (5), 639 - 652.  Abstract
  • Pavel G. Savor, Qui Lu (2009), Do Stock Mergers Create Value for Acquirers?, Journal of Finance    Abstract
  • Jakub W. Jurek, Joshua Coval, Erik Stafford (2009), Economic Catastrophe Bonds, American Economic Review, 99 (3).  Abstract
  • Robert W. Holthausen (2009), Accounting Standards, Financial Reporting Outcomes and Enforcement, Journal of Accounting Research, 47 (2), 447 - 458.  Abstract
  • Rich Evans, Christopher Geczy, David Musto, Adam V. Reed (2009), Failure is an Option: Impediments to Short Selling and Options Prices, Review of Financial Studies, Forthcoming.  Abstract
  • Kerwin Kofi Charles, Erik Hurst, Nikolai Roussanov (2009), Conspicuous Consumption and Race, Quarterly Journal of Economics, May 2009.  Abstract
  • Markus K. Brunnermeier, Motohiro Yogo (2009), A Note on Liquidity Risk Management, American Economic Review: Papers and Proceedings, 99 (2), 578 - 583.
  • Karin Thorburn, B. Espen Eckbo (2009), Creditor financing and overbidding in bankruptcy auctions: Theory and Test, Journal of Corporate Finance, 15, 10 - 29.  Abstract
  • Gregory Nini, David Smith, Amir Sufi (2009), Creditor Control Rights and Firm Investment Policy, Journal of Financial Economics, 92 (3), 400 - 420.
  • Chua, C.T., Krishna Ramaswamy, Robert A. Stine (2009), Predicting Short-Term Eurodollar futures, Journal of Fixed Income, 18, 47 - 61.  
  • Fernando Ferreira, Joseph Gyourko (2009), Do Political Parties Matter? Evidence From U.S. Cities, Quarterly Journal of Economics, Vol. 124, no. 1: 399-422, 124 (1), 399 - 422.    Abstract
  • Jessica Wachter, Missaka Warusawitharana (2009), Predictable Returns and Asset Allocation: Should a Skeptical Investor Time the Market?, Journal of Econometrics, 148, 162 - 178.  Abstract
  • Susan M Wachter, Andrey Pavlov (2009), Mortgage Put Options and Real Estate Markets, Journal of Real Estate Finance and Economics, 89-103.  Abstract
  • Franklin Allen, Ana Babus (2009), Networks in Finance, The Network Challenge, Edited by Paul Kleindorfer and Jerry Wind, Wharton School Publishing, 367-382.
  • Franklin Allen, Jun “QJ” Qian, Meijun Qian, Mengxin Zhao (2009), A Review of China’s Financial System and Initiatives for the Future, China's Emerging Financial Markets, Edited by James A. Barth, John A. Tatom and Glenn Yago, The Milken Institute Series on Financial Innovation and Economic Growth, 2009.  Abstract
  • Philip Bond (2009), Contracting in the Presence of Judicial Agency, The B.E. Journal of Theoretical Economics, 9 (1).
  • Philip Bond, David Musto, Bilge Yilmaz (2009), Predatory Mortgage Lending, Journal of Financial Economics, 94, 412 - 427.  Abstract
  • Jakub W. Jurek, Joshua Coval, Erik Stafford (2009), The Economics of Structured Finance, Journal of Economic Perspectives, 23 (1).  Abstract
  • Yrjo Koskinen, Arturo Bris, Mattias Nilsson (2009), The Euro and Corporate Valuations, Review of Financial Studies, 22 (8), 3171 - 3209.