List of Published Works


List of published work

The Jindal School of Management is proud of the intellectual contributions of its faculty and its ongoing commitment to research. A list of all published works for the last six years are provided here.

To request a copy of a particular work, forward a request to the appropriate contact:
Click on the area name to see articles

Academic Area Contact
Accounting Gail Thompson
Finance / Managerial Economics Beverly Young
Information Systems Aylin Calisir
Operations Management Joni Waltson
Marketing Andrea M Hapeman
Organizations, Strategy and International Management Van Dam


Baranchuk, Nina

Motivating Innovation in Newly Public Firms. Journal of Financial Economics, 111(3): 578-588.. (2014).
with Robert Kieschnick, Rabih Moussawi

The Economics of Super Managers. Review of Financial Studies, 24(10): 3321-3368.. (2011).
with Glenn MacDonald and Jun Yang

Renegotiation-proof Contracting, Disclosure, and Incentives for Efficient Investment. Journal of Economic Theory, 145(5): 1805-1836.. (2010).
with Philip Dybvig and Jun Yang

Consensus in Diverse Corporate Boards. Review of Financial Studies , 22(2): 715-747.. (2009).
with Philip Dybvig

Assessing the Role of Option Grants to CEOs: How important is heterogeneity?. Journal of Empirical Finance, 15(2): 145-166.. (2008).
with Siddhartha Chib

Organizing Multiple Related Tasks into Jobs: Diversification vs. Competition. Economic Letters, 99: 599-603.. (2008).

Cordell, David

Overconfidence in Financial Planners. Financial Services Review, 20(4): 253-263.. (Winter 2012).
with R. Smith, A. Terry

Financial Planning Under the Affordable Care Act. Journal of Financial Planning, 25(9): 30-31.. (September 2012).
with T. Langdon

Useful Financial Planning Concepts from Academic Research. Journal of Financial Service Professional, 66(6): 82-92.. (November 2012).
with V. Grange, T. Langdon

How Washington is Killing Deferred Annuities. Journal of Financial Planning, 25(5): 30-31.. (May 2012).
with T. Langdon

Hedging Longevity Risk. Journal of Financial Planning, 26(5). (forthcoming May 2013).
with T. Langdon

Cash Value Life Insurance for the Bad Times. Journal of Financial Planning, 25(1): 32-33.. (2012).
with T. Langdon

Academic Research that Practitioners Can Use. Journal of Financial Planning, 66(2): 88-96.. (2012).
with V. Grange, T. Langdon

Health Care Planning and the New Reality. Journal of Financial Planning, 24(1): 38-40.. (2011).
with T. Langdon

Life Insurance as a Hedge Against Tax Uncertainty. Journal of Financial Planning, 24(5): 38-40.. (2011).
with T. Langdon

Life Insurance and Alternative Investments. Journal of Financial Planning</em>, 24(9): 46-47.. (2011).
with T. Langdon

Avoiding a New Tax Trap in Business Owned Life Insurance. Journal of Financial Planning, 23(1): 34-35.. (2010).
with T. Langdon

Achieving Sustainable Retirement Withdrawals: A Combined Equity and Annuity Approach. Journal of Financial Planning, 23(1): 40-47.. (2010).
with C. Lemoine, A. Gustafson

Games Rich People Play. Journal of Financial Planning, 23(5): 38-39.. (2010).
with T. Langdon

A GRAT Use of Life Insurance. Journal of Financial Planning, 23(9): 36-37.. (2010).
with T. Langdon

Financial Planning Rersearch: Articles that Practitioners Can Use. Journal of Financial Service Professionals, 64(6): 75-84.. (2010).
with T. Langdon, K. Tacchino

Intraperson Consistency in Financial Risk Tolerance Assessment: Temporal Stability, Relationship to Total Score and Effect on Criterion-related Validity. Journal of Business and Psychology, 24(4): 455-467.. (2009).
with M Roszkowski, M. Delaney

Long-Term Care Insurance and the High Net Worth Client. Journal of Financial Planning, 22(1): 32-34.. (2009).
with T. Langdon

A Longitudinal Perspective on Financial Risk Tolerance: Rank-order and Mean Level Stability. International Journal of Behavior Accounting, 1(2): 111-133.. (2009).
with M. Roszkowski

The Elephant in the Life Insurance Industry. Journal of Financial Planning, 22(5): 38-41.. (2009).
with C. Lemoine

Life Insurance in Times of Uncertainty. Journal of Financial Planning, 22(9): 32-37.. (2009).
with T. Langdon

Why You Are Not a Good Financial Planner?. Journal of Financial Planning, 21(9): 32-35.. (2008).
with J. Shein

Beyond the Red Zone: Retirement and Long Term Planning. Journal of Financial Planning, 21(5): 32-35.. (2008).

Dissipation of Life Insurance or Annuity Death Benefits." With J. Tombs. Journal of Financial Planning, 21(1): 34-37.. (2008).
with J. Tombs

Academic Research That is Relevant to Financial Service Professionals. Journal of Financial Service Professionals, 62(6): 36-44.. (2008).
with T. Langdon, C. Lemoine

Financial Planning Research: Academic Articles That Are Relevant to Practitioners. Journal of Financial Service Professionals, 61(6): 37-44.. (2007).
with H. Evensky, and T. Langdon

Planning Possibilities with Health Care Savings Accounts. Journal of Financial Planning, 20(9): 42-44.. (2007).
with C. Lemoine

Automobile Insurance and the CFP® Certificant. Journal of Financial Planning, 20(5): 38-40.. (2007).
with C. Lemoine

Death of Life?. Journal of Financial Planning, 20(1): 42-44.. (2007).
with M. Finke and C. Lemoine

Bridging the Gap: Academic Research That Is Relevant to Practitioners. Journal of Financial Service Professionals, 60(6): 72-78.. (2006).
with T. Langdon and C. Lemoine

Business-owned Life Insurance: Opportunities and Pitfalls. Journal of Financial Planning, 19(9): 48-50.. (2006).
with T. Kurlowicz

Life Insurance Trusts: They're Not Just for the Wealthy. Journal of Financial Planning, 19(5): 42-45.. (2006).

Structured Sales of Appreciated Property: A Space Age Use of Fixed Annuities. Journal of Financial Planning, 19(1): 40-41.. (2006).

Putting the Client First: Fees and Commissions in Variable Annuity Contracts. Journal of Financial Planning, 18(9): 40-43.. (2005).
with J. Tombs

A Multiple Horizon Approach to Asset Allocation in the Retirement Portfolio. Journal of Financial Planning, 18(5): 34-39.. (2005).

Planning Considerations for Personal Injury Settlement Recipients. Journal of Financial Planning, 18(1): 26-28.. (2005).
with J. Tombs

The Comparability of Husbands and Wives in Financial Risk Tolerance. Journal of Personal Finance, 3(3): 129-144.. (2004).
with M. Roszkowski and M. Delaney

Death Benefits: Rule of Thumb Fallacies. Journal of Financial Planning, 17(9): 32-34.. (2004).

Insurance, Ethics, and the Golden Rule. Journal of Financial Planning, 17(5): 32-34.. (2004).

Risk Tolerance: Investments versus Insurance. Journal of Financial Planning, 17(1): 30-32.. (2004).

A Moving Experience in Financial Planning. Journal of Financial Planning, 16(9): 30-32.. (2003).

Structured Settlements Meet Modern Portfolio Theory. Journal of Financial Planning, 16(5): 32-36.. (2003).

The Enemies of Capitalism. Journal of Financial Planning, 16(1): 42-43.. (2003).

Risk Tolerance in Two Dimensions. Journal of Financial Planning, 15(5): 30-35.. (2002).

A 9-11 Wake-up Call. Journal of Financial Planning, 15(1): 32-33.. (2002).

Day, Ted

Dividend Distributions and Closed-End Fund Discounts. Journal of Financial Economics , 100: 579-593.. (2011).
with Zhengzheng Li and Yexiao Xu

Margin Adequacy and Standards: An Analysis of the Crude Oil Futures Market. Journal of Business, 77(1): 101-135.. (2004).
with Craig Lewis

Dividends, Nonsynchronous Prices and the Returns from Trading the Dow Jones Industrial Average. Journal of Empirical Finance, 9(4): 431-454.. (2002).
with Pingying Wang

Ganglmair, Bernhard

Conversation with Secrets. RAND Journal of Economics, 45(2): 273-302.. (2014).
with Emanuele Tarantino

Patent Hold Up and Antitrust: How a Well-Intentioned Rule Could Retard Innovation. Journal of Industrial Economics, 60(2): 249-273.. (2012).
with Luke Froeb and Greg Werden

Guttery, Randall

Stranger Originated Life Insurance: Controversy and Proposal for Market-Based Solutions. Journal of Insurance Issues, 35(1): 100-117.. (2012).
with S. L. Poe, E. He

Life Settlements: Implications for Investment Real Estate. Real Estate Law Journal, Summer: 60-76.. (2005).
with C. F. Sirmans

Growing Pains: FM 2499 Case Study. Tierra Grande Journal, Fall: 18-20.. (2004).

Mass Appraisal: An Introduction to Multiple Regression Analysis for Real Estate Valuation. Journal of Real Estate Practice and Education, 7(1): 65-77.. (2004).
with C. F. Sirmans and J. Benjamin

An Empirical Investigation of Federal Wetlands Regulations and Flood Delineation: Implications for Residential Property Owners. Journal of Real Estate Research, 26(3): 299-315.. (2004).
with C. F. Sirmans and S. L. Poe

The Effects of Subdivision Design on Housing Values: The Case of Alleyways. Journal of Real Estate Research, 23(3): 265-274.. (2002).

Kieschnick, Robert

The Influence of Moral Hazard on Investment in Financially Constrained and Unconstrained Firms. Financial Research Letters. (forthcoming).
with Michael Keefe

Robust Determinants of IPO Underpricing and Their Implications for IPO Research. Journal of Corporate Finance. (forthcoming).
with Alexander Butler, Michael Keefe

Motivating Innovation in Newly Public Firms. Journal of Financial Economics, 111(3): 578-588.. (2014).
with Nina Baranchuk, Rabih Moussawi

Working Capital Management and Shareholders' Wealth. Review of Finance: 1-26.. (2013).
with Mark LaPlante and Rabih Moussawi

A target's perspective on the effects of ATPs in takeovers after recognizing its choice in the process. Journal of Corporate Finance, 18: 1088-1103.. (2012).
with M. Sinan Goktan

On the decision to go public with dual class stock. Journal of Corporate Finance , 16: 170-181.. (2010).
with Onur Arugaslan and Douglas Cook

Determinants of financial distress and bankruptcy in highly levered transactions. Quarterly Review of Economics and Finance , 49: 772-783.. (2009).
with Paul Halpern and Wendy Rotenberg

Regression Analysis of Proportions in Finance with Self-Selection. Journal of Empirical Finance, 15: 860-867.. (2008).
with Doug Cook and Bruce McCullough

On the Marketing of IPOs. Journal of Financial Economics, 82(1): 35-61.. (2006).
with Doug Cook and Robert Van Ness

Product Market Competition, Regulation and Financial Contracts. Quarterly Review of Economics and Finance, 45(1): 1-17.. (2005).
with Michael Cichello

Managerial Shareholdings, Firm Value, and Acquired Corporations. Quarterly Review of Economics and Finance, 45(4-5): 781-795.. (2005).
with Paul Halpern and Wendy Rotenberg

A Study of Corporate Governance of Thrifts. Journal of Banking and Finance, 28(6): 1247-1271.. (2004).
with Douglas Cook and Arthur Hogan

Monitoring as a Motivation for IPO Underpricing. Journal of Finance, 59(5): 2403-2420.. (2004).
with Onur Arugaslan and Doug Cook

Regression Analysis of Variates Observed on (0,1): Percentages, Proportions and Fractions. Statistical Modelling, 3(3): 193-213.. (2003).
with B. D. McCullough

Lewin, Peter

The Capital-Using Economy. Oxford Companion of Austrian Economics. (2013).
with Howard Baetjer

r "Hayek and Lachmann and the Complexity of Capital" The Elgar Companion to Hayek Cheltenham. R. Garrison Edward Elgar, 2013 .

The Subprime Crisis. Quarterly Journal of Austrian Economics, 15(1): 45-74.. (2012).
with Adrian Ravier

The Capital Based View of the Firm. Review of Austrian Economics. (2011).

r "Critical Perspective: Reflections on the Nature and Scope of the Concept of Capital and its Extension to Intangibles - a Structural Approach" Oxford Handbook of Human Capital. R. Garrison Oxford University Press, 2009 .

Heterogeneous Human Capital, Uncertainty, and the Structure of Plans: A Market Process Approach to Marriage and Divorce. Review of Austrian Economics, 21: 1-21.. (2008).
with Steven Horwitz

The Firm in Disequilibrium: Contributions from the Austrian Tradition. Advances in Austrian Economics. (2008).

Can Ideas be Capital: Can Capital Be Anything Else?. Mercatus Institute. (2008).
with Howard Baetjer

Creativity or Coercion: Alternative Perspectives on Rights to Intellectual Property. Journal of Business Ethics, 71: 441-455.. (2007).

Facts, Values and the Burden of Proof. Independent Review, 11(4): 503-517.. (2007).

Austrian Capital Theory, Strategic Management and the Theory of the Firm. Advances in Austrian Economics. (2006).

The Capital Idea and the Scope of Economics. Review of Austrian Economics: 145-167.. (2005).

Entrepreneurship and the Defense of Capitalism: An Examination of the Work of Israel Kirzner. Journal des Economistes et des Etudes Humaines, 12(2-3): 203-212.. (2002).

Li, Jun

Government Spending, Political Cycles and the Cross Section of Stock Returns. Journal of Financial Economics, 107: 305-324.. (2013).
with F. Belo, V. Gala

Investor Attention, Psychological Anchors, and Stock Return Predictability. Journal of Financial Economics, 104: 401-419.. (2012).
with Jianfeng Yu

Liebowitz, Stan

Willful Blindness: The Inefficient Reward Structure in Academic Research. Economic Inquiry. (forthcoming).

Clash of the Titans: Does Internet Use Reduce Television Viewing?. The Review of Economics and Statistics , 94(1): 234-245.. (2012).
with Alejandro Zentner

How the Lock-in Movement Went Off the Tracks. Journal of Competition Law and Economics, 9(1): 125-152... (2012).
with Steve Margolis

r "What are the Economic Impacts of Micropayments for Intellectual Properties?" Competition, Innovation and Intellectual Property. G. Ramello and F. M. Scherer Routledge, 2011 .

Is Efficient Copyright a Reasonable Goal?. George Washington Law Review, 79(6). (2011).

The Myth of Copyright Inefficiency. Regulation Magazine, Spring: 28-34.. (2009).

r "Anatomy of a Train Wreck: Causes of the Mortgage Meltdown" Housing America: Building Out of a Crisis. Benjamin Powell and Randall Holcomb Transaction Publishers, 2009 .

New Evidence on the Foreclosure Crisis. Wall Street Journal(July 3): A13.. (2009).

It's the Flexible Lending Standards, Stupid. Washington Examiner(June 17). (2009).

Should Bailed-Out Homeowners Be Required To Pay Restitution?. Investors Business Daily(March 17). (2009).

Bundles of Joy: The Ubiquity and Efficiency of Bundles in New Technology Markets. Journal of Competition Law & Economics, 5(1): 1-48.. (2009).
with Stephen Margolis

ARMs, Not Subprimes, Caused the Mortgage Crisis. The Economists Voice, 6(12): Article 4.. (2009).

House of Cards. New York Post(September ). (2008).

The Real Scandal: How Feds Invited the Mortgage Mess. New York Post(February 5). (2008).

Research Note: Testing File-Sharing's Impact on Music Album Sales in Cities. Management Science, 54(4): 852-859.. (2008).

r "Economists Examine File-Sharing and Music Sales" Industrial Organization and the Digital Economy. G. Illing and M. Peitz MIT press, 2006 .

r "MP3s and Copyright Collectives: A cure worse than the disease?" Copyright Issues in Higher Education: A Legal Compendium. Georgia K. Harper National Association of College and University Attorneys, 2006 .

File-Sharing: Creative Destruction or Just Plain Destruction?. Journal of Law and Economics, 49(1): 1-28.. (2006).

How to Best Ensure Remuneration for Creators in the Market for Music? Copyright and its Alternatives. Journal of Economic Surveys, 20(4): 513-545.. (2006).
with Richard Watt

Copyright Reconsidered: A Review of Promises to Keep. Issues in Science and Technology, 21(3): 92-95.. (2005).

r "MP3s and copyright collectives: a cure worse than the disease?" Developments in the Economics of Copyright: Research and Analysis. Wendy Gordon, Lisa Takeyama and Ruth Towse Edward Elgar, 2005 .

r "Network Meltdown: A Legacy of Bad Economics" How New is the New Economy. E. Jansen Edward Elgar, 2005 .

Alternative Copyright Systems: the Problem with a Compulsory License. 2, 1(5-17): 2005.. (2005).
with The Review of Economic Research on Copyright Issues

Economists' Topsy-Turvy View of Piracy. The Review of Economic Research on Copyright Issue, 2(1): 5-17.. (2005).

Pitfalls in Measuring the Impact of File-sharing on the Sound Recording Market. CESifo Economic Studies, 51(2-3): 435-473.. (2005).

Seventeen Famous Economists Weigh in on Copyright: The Role of Theory, Empirics, and Network Effects. Harvard Journal of Law and Technology, 18(2): 435-457.. (2005).
with Steve Margolis

Lessons from the Internet Bubble. Hitotsubashi Business Review, 52(1). (2004).

The Elusive Symbiosis: The Impact of Radio on the Record Industry. The Review of Economic Research on Copyright Issue, 1(1): 93-118.. (2004).

Will MP3 Downloads Annihilate the Record Industry? The Evidence so Far. Advances in the Study of Entrepreneurship, Innovat, 15: 229-260.. (2004).

r "Back to the Future: Can Copyright Owners Appropriate Revenues in the Face of New Copying Technologies?" The Economics of Copyright: Recent Developments and Analysis. Wendy Gordon and Richard Watt Edward Elgar Publishing, 2003 .

r "Copyright in the Post Napster World" Copyfights. Wayne Crews and Adam Thierer Cato, 2002 .

r "Network Effects" Handbook of Telecommunications Economics. M. Caves, S. Majumdar, and I. Vogelsang Elsevier, 2002 .

Rethinking the network economy: The real forces that drive the digital marketplace. Amacom. (2002).

Osborne, Dale

On the Incidence of Deposit Taxes. Journal of the Academy of Finance. (2007).

Ozoguz, Arzu

The High volume premium: Cross-country evidence. Journal of Financial Economics, 103: 255-279.. (2012).
with Ron Kaniel and Laura Starks

Do foreigners facilitate information transmission in emerging markets?. Journal of Financial Economics, 105: 209-227.. (2012).
with Kee-Hong Bae, Hongpin Tan, Tony Wirjanto

Good times or bad times? Investors' uncertainty and stock returns. Review of Financial Studies, 22: 4377-4422.. (2009).

Polkovnichenko, Valery

Probability Weighting Functions Implied in Option Prices. Journal of Financial Economics, 107(3): 580-609... (2013).
with Feng Zhao

Fiscal Policy in Incomplete Markets. The Review of Financial Studies, 26(2): 531.566.. (2013).
with Francisco Gomes and Alexander Michaelides

Risk attitude toward small and large bets in the presence of background risk. The Review of Finance, 15(4): 909-927.. (2011).
with David Chapman

r "Individual Investor Portfolios" Behavioral Finance. H. Kent Baker and John Nofsinger John Wiley & Sons, Inc. , 2010 .

First Order Risk Aversion, Preferences Heterogeneity and Asset Markets Outcomes. Journal of Finance, 64(4): 1863-87.. (2009).
with David Chapman

Optimal Savings with Taxable and Tax-Deferred Accounts. Review of Economic Dynamics, 12(4): 718-735.. (2009).
with Francisco Gomes and Alexander Michaelides

Life-Cycle Portfolio Choice with Additive Habit Formation Preferences and Uninsurable Income Risk. Review of Financial Studies, 20(1): 83-124.. (2007).

Household Portfolio Diversification: A Case for Rank-Dependent Preferences. Review of Financial Studies, 18(4): 1467-1502.. (2005).

Limited Stock Market Participation and the Equity Premium. Finance Research Letters, 1: 24-34.. (2004).

Human Capital and the Private Equity Premium. Review of Economic Dynamics, 6(4): 831-845.. (2003).

Rebello, Michael

Private Information and Bargaining Power in Venture Capital Financing. Journal of Economics and Management Strategy. (forthcoming).
with Yrjo Koskinen, Jun Wang

The Bright Side of Myopic, Uninformed, and Passive External Finance. Management Science, 58: 2019-2036.. (2012).
with Tom Noe, Thomas Reitz

Optimal Corporate Governance and Compensation Policy in a Dynamic World. Review of Financial Studies, 25: 480-521.. (2012).
with Tom Noe

Learning to Bid: The Design of Auctions Under Uncertainty and Adaptation. Games and Economic Behavior, 74: 620-636.. (2012).
with Tom Noe, Jun Wang

On the Structure of Analyst Research Portfolios and Forecast Accuracy. Journal of Accounting Research , 47: 867-909.. (2009).
with O. Kini, S. Mian, and A. Venkateswaran

Board Structures Around the World: An Experimental Investigation. Review of Finance, 12: 93-140.. (2008).
with Gillette and Tom Noe

Experimental Evidence on Coverage Choices and Contract Prices in the Market for Corporate Insurance. Experimental Economics, 11: 67-95.. (2008).
with Gautam Goswami and Martin Grace

Buying the Debt of Distressed Retailers: A Tale of Two Takeovers. Journal of Economics and Management Strategy, 15: 609-648.. (2006).
with Tom Noe

The Role of Debt Purchases in Takeovers: A Tale of Two Takeovers. Journal of Economics and Management Strategy, 15(3): 609-648.. (2006).
with Thomas Noe

The Evolution of Security Design. Journal of Finance, 61: 2103-2135.. (2006).
with Thomas Noe and Jun Wang

Corporate Board Composition, Protocols, and Voting Behavior: Experimental Evidence. Journal of Finance, 58: 1997-2031.. (2003).
with Ann Gillette and Thomas Noe

Corporate Financing: An Artificial Agent-Based Analysis. Journal of Finance, 58: 943-973.. (2003).
with Thomas Noe and Jun Wang

Reputation in the Market for Distressed-Firm Debt. Journal of Financial and Quantitative Analysis, 38: 503-521.. (2003).
with Thomas Noe

Structuring International Cooperative Ventures: Bargaining, Equity Participation, and Private Information. Review of Financial Studies, 15: 1283-1324.. (2002).
with Thomas Noe and Milind Shrikhande

Saretto, Alessio

Why Did Auction Rate Bond Auctions Fall During 2007-2008?. Journal of Fixed Income, 20: 5-18.. (2010).
with B. Liu, J. McConnell

Auction Failures and the Market for Auction Rate Securities. Journal of Financial Economics, 97: 451-469.. (2010).
with J. McConnell

Cross-Section of Option Returns and Volatility. Journal of Financial Economics, 94: 310-326.. (2009).
with A. Goyal

Option Strategies: Good Deals and Margin Calls. Journal of Financial Markets, 12: 391-417.. (2009).
with P. Santa-Clara

Smith, Kenneth

Sudden Equity Price Declines and the Flight-to-Safety Phenomenon: U.S. Evidence Using Daily Data. Journal of Economics and Finance, 36(3): 712-727.. (2012).
with J. Brocato

Applying the Inclan-Tsiao Breakpoint Algorithm in Search of the Flight-to-Safety Phenomenon. Applied Financial Economics, 20(5): 371-380.. (2010).
with J. Brocato

The Dynamics Among G7 Government Bond and Equity Markets and the Implications for International Capital Markets Diversification. Research in International Business Finance, 22(2): 222-246.. (2008).
with P. E. Swanson

Forecasting Changes in Copper Futures Volatility with GARTH Models Using an Iterated Algorithm. Review of Quantitative Finance and Accounting, 20(3): 245-265.. (2003).
with K. Bracker

Government Bond Market Seasonality, Diversification, and Cointegration: International Evidence. Journal of Financial Research, 25(2): 203-221.. (2002).

Pre- and Post-1987 Crash Frequency Domain Analysis Among Pacific Rim Equity Markets. Journal of Multinational Financial Management, 11: 69-87.. (2001).

Springate, David

The Enron/Andersen Collapse. Ongoing Implications for Executive MBA Programs. Journal of Executive Education, 1(2): 1-5.. (2002).

Wei, Kelsey

A Glimpse Behind a Closed Door: The Investment Value of Buy-Side Research and Its Effect on Fund Trades and Performance. Journal of Accounting Research. (forthcoming).
with Michael Rebello

Uncommon Value: The Investment Performance of Contrarian Funds. Management Science. (forthcoming).
with Tong Yao, Russ Wermers

Analyst Recommendations, Mutual Fund Herding, and Overreaction in Stock Prices. Management Science, 60: 1-20.. (2014).
with Nerissa Brown and Russ Wermers

Foreign Exchange Exposure and Financial Distress. Financial Management, 42: 709-735.. (2013).
with Laura Starks

Cross-Border Mergers and Differences in Corporate Governance. International Review of Finance, 13: 265-297.. (2013).
with Laura Starks

Insider Trading and Option Grant Timing in Response to Fire Sales (and Purchases) of Stocks by Mutual Funds. Journal of Accounting Research, 49: 595-632.. (2011).
with Ashiq Ali and Yibin Zhou

Conflicts of Interest in Sell-Side Research and the Moderating Role of Institutional Investors. Journal of Financial Economics, 85(2): 420-456.. (2007).
with A. Ljungavist, F,. Marston, L.T. Starks and H. Yan

Participation Costs and the Sensitivity of Fund Flows to Past Performance. Journal of Finance, 62(3): 1273-1311.. (2007).
with Jennifer Huang and Hong Yan

Xia, Han

The Economics of Solicited and Unsolicited Credit Ratings. Review of Financial Studies. (forthcoming).
with Paolo Fulghieri, Gunter Strobl

Do Lenders Still Monitor When They Can Securitize Loans?. Review of Financial Studies. (forthcoming).
with Yihui Wang

Can Investor-Paid Credit Rating Agencies Improve the Information Quality of Issuer-Paid Raters?. Journal of Financial Economics, 111(2). (2014).

Xu, Yexiao

Dividend Distributions and Closed-End Fund Discounts. Journal of Financial Economics , 100: 579-593.. (2011).
with Ted Day and Zhengzheng Li

Unique Symptoms of Japanese Stagnation: An Equity Market Perspective. Journal of Money, Credit and Banking, 39(4): 901-924.. (2007).
with Yasushi Hamao and Jianping Mei

Small Levels of Predictability and Large Economic Gains. Journal of Empirical Finance, 11(2): 247-275.. (2004).

What Determines Chinese Stock Returns?. Financial Analyst Journal, 60(6): 65-77.. (2004).
with Fenghua Wang

Investigating the Behavior of Idiosyncratic Volatility. Journal of Business, 76(4): 613-644.. (2003).
with Burton G. Malkiel

Zentner, Alejandro

The Effect of the Internet on Advertising Expenditures: An Empirical Analysis Using a Panel of Countries. Journal of Economics and Managemenet Strategy, Northwestern University, 21(4). (Winter 2012).

How Video Rental Patterns Change as Consumers Move Online. Management Science. (forthcoming).
with Michael Smith and Cuneyd Kaya

Clash of the Titans: Does Internet Use Reduce Television Viewing?. Review of Economics and Statistics, 94(6): 234-245.. (2012).
with Stan Liebowitz

Program Substitutability in Network Television: Evidence from Argentina. Information Economics and Policy, 24(2): 145-160.. (2012).
with Octavian Carare

Online Sales, Internet Use, File Sharing, and the Decline of Retail Music Specialty Stores. Information Economics and Policy, 20(3): 288-300.. (2008).

Measuring the Effect of Music Downloads on Music Purchases. The Journal of Law and Economics: 63-90.. (2006).

File Sharing and International Sales of Copyrighted Music: An Empirtical Analysis with a Panel of Countries. Berkeley Electronics, Topics in Economic Analysis , 5(1). (2005).

Zhang, Harold

Credit Default Swaps and Subprime Mortgage Defaults. Journal of Finance. (forthcoming).
with Eric Arentsen, David Mauer, Brian Rosenlund, Feng Zhao

Does Financial Constraint Affect Shareholder Taxes and the Cost of Equity Capital?. The Accounting Review, 88: 1603-1627.. (2013).
with Zhonglan Dai, Douglas Shackelford, and Chongyang Chen

Financial Networks and Trading in Emerging Bond Markets. Journal of Financial Markets. (2013).
with G. Geoffrey Booth and Umit Gurun

Capital Gains Taxes and Stock Return Volatility. Journal of American Taxation Association, 35. (2013).
with Zhonglan Dai, Douglas Shackelford

Fear of the Unknown: Familiarity and Economic Decisions. Review of Finance , 15: 173-206.. (2011).
with H. Henry Cao, Bing Han, and David Hirshleifer

Stock Returns and the Volatility of Liquidity. Journal of Financial and Quantitative Analysis , 45: 1077-1110.. (2010).
with Joao Pereira

Capital Gains Taxes and Asset Prices: Capitalization or Lock-in?. Journal of Finance, 63: 709-742.. (2008).
with Zhonglan Dai, Edward Maydew, and Douglas A. Shackelford

Model Uncertainty, Limited Market Participation and Asset Prices. Review of Financial Studies, 18: 1219-1251.. (2005).
with H. Henry Cao and Tan Wang

External Habit and the Cyclicality of Expected Stock Returns. Journal of Business, 78: 1023-1048.. (2005).
with Thomas Tallarini, Jr.

Optimal Consumption and Portfolio Choices with Risky Housing and Borrowing Constraints. Review of Financial Studies, 18: 197-239.. (2005).
with Rui Yao

Maximizing Long-Term Wealth Accumulation: It's not just about What investments to make, but also Where to make them. Research Dialogue, 85. (2005).
with Robert Dammon, James Poterba, and Chester Spatt

Comment on `Household Portfolio Choices in Taxable and Tax-Deferred Accounts: Another Puzzle?. European Finance Review: 583-586.. (2004).

Optimal Asset Location and Allocation with Taxable and Tax-Deferred Investing. Journal of Finance, 59. (2004).
with Robert M. Dammon and Chester S. Spatt

Capital Gains Taxes and Portfolio Rebalancing. Research Dialogue, 75. (2003).
with Robert Dammon and Chester Spatt

Upstream Intergenerational Transfers. Southern Economic Journal, 69: 363-380.. (2002).
with Frank A. Sloan and Jingshu Wang

Zhao, Feng

Probability Weighting Functions Implied in Options Prices. Journal of Financial Economics, 107(3): 580-609.. (2013).
with Valery Polkovnichenko

Nonparametric Estimation of State-Price Densities Implicit in Interest Rate Cap Prices. Review of Financial Studies, 22(11): 4335-4376.. (2009).
with Haitao Li

Can the Random Walk Model be beaten in Out-of-Sample Density Forecasts: Evidence from Intraday Foreign Exchange Rates. Journal of Econometrics, 141(2): 736-776.. (2007).
with Yongmiao Hong and Haitao Li

Interest Rate Caps "Smile" Too! But Can the LIBOR Market Models Capture It?. Journal of Finance, 62(1): 345-382.. (2007).
with Robert Jarrow and Haitao Li

Downside Loss Aversion and Portfolio Management. Management Science, 52: 558-566.. (2006).
with Robert Jarrow

Unspanned Stochastic Volatility: Evidence from Hedging Interest Rate Derivatives. Journal of Finance, 61(1): 341-378.. (2006).
with Haitao Li

Out-of-Sample Performance of Discrete-Time Spot Interest Rate Models. Journal of Business and Economic Statistics: 457-473.. (2004).
with Yongmiao Hong and Haitao Li

Zhao, Xiaofei

Do Jumps Contribute to the Dynamics of the Equity Premium?. Journal of Financial Economics, 110(2). (2013).
with John Maheu, Tom McCurdy

A Market-Based Study of the Cost of Default. Review of Financial Studies, 25(10): 2959-2999.. (2012).
with Sergei Davydenko, Ilya Strebulaev