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.