List of Published Works

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 from current faculty for the last six years are provided here.

To request a copy of a particular work, forward a request to the appropriate contact:

Academic Area Contact
Accounting Kathleen Milam
Finance / Managerial Economics Lily Banh
Information Systems Aylin Calisir
Operations Management Amanda Besch
Marketing Malissa Cloer





* The co-authors are not listed in the same priority sequence as they are listed in the journals.

Alejandro Rivera

Incentivizing Investors for a Greener Economy, Journal of Financial and Quantitative Analysis, 2023
Co-Authors: Nam Nguyen and Harold H. Zhang

A Model for Wind Farm Management with Option Interactions, Production and Operations Management, 2022
Co-Authors: Alain Bensoussan and Benoit Chevalier-Roignant

Does Performance-Sensitive Debt mitigate Debt-Overhang?, Journal of Economic Dynamics and Control, 2021
Co-Authors: Alain Bensoussan and Benoit Chevalier-Roignant

Optimal Short-Termism, Management Science, 2021
Co-Authors: Dirk Hackbarth and Tak-Yuen Wong

Real Options with Non Smooth Obstacles, SIAM Journal of Financial Mathematics, 2021
Co-Authors: Subas Acharya, Alain Bensoussan, and Dmitrii Rachinskii

Extrapolation Bias and Dynamic Liquidity Management, Management Science, 2020
Co-Authors: Seokwoo Lee

Dynamic Moral Hazard and Risk-Shifting Incentives in a Leveraged Firm, Journal of Financial and Quantitative Analysis , 2019

Robust Contracts in Continuous Time, Econometrica, 2016
Co-Authors: Jianjun Miao



Alejandro Zentner

Physical Stores in the Digital Age: How Store Closures Affect Consumer Churn, Production and Operations Management, 2020
Co-Authors: Gonca Soysal and Eric Zheng

Role of Monetary Incentives in the Digital and Physical Inter-Border Labor Flows, Journal of Management Information Systems, 2019
Co-Authors: Jing Gong and Kevin Hong

Internet Adoption and the Survival of Print Newspapers: A Country Level Examination, Information Economics and Policy, 2016
Co-Authors: Michael Smith and Daegon Cho

Internet Effects on Retail Industries?, Handbook on the Economics of Retailing and Distribution, 2016
Co-Authors: Michael Smith

The Internet as a Celestial TiVo, Journal of Cultural Economics, 2016
Co-Authors: Stan Liebowitz

, Management Science, 2015
Co-Authors: Michael Smith and Cuneyd Kaya

Clash of the Titans: Does Internet Use Reduce Television Viewing?, The Review of Economics and Statistics, 2012
Co-Authors: Stan Liebowitz

Program Substitutability in Network Television: Evidence from Argentina,, Information Economics and Policy, 2012
Co-Authors: Octavian Carare

The Effect of the Internet on Advertising Expenditures: An Empirical Analysis Using a Panel of Countries, Journal of Economics and Management Strategy, 2012

Online Sales, Internet Use, Music Downloads, and the Decline of Retail Music Specialty Stores, Information Economics and Policy, 2008

Measuring the Effect of File Sharing on Music Purchases, The Journal of Law and Economics, 2006

File Sharing and International Sales of Copyrighted Music: An Empirical Analysis with a Panel of Countries, Berkeley Electronics, Topics in Economic Analysis & Policy, 2005



Ayfer Gurun

Financial Literacy is Important, Strategies in Accounting and Management, 2020
Co-Authors: Georffrey Booth

Individual Investors and the Monday Effect, Managerial Finance, 2019
Co-Authors: William Cready and Weiwei Wang

Trade Liberalization, Import Penetration and Unionization: The U.S. Experience, Theoretical Economics Letters, 2016
Co-Authors: Geoffrey Booth

Earnings Smoothing, Momentum and Statistical Arbitrage: Global Evidence, Business and Economic Research, 2015
Co-Authors: Geoffrey Booth

Business strategy and financial consequences: The case of antidumping filings, Journal of International Financial Markets, 2013



Carolyn Reichert

CSR Activity in Response to the Paris Agreement Exit, European Financial Management, 2022
Co-Authors: Klaus, J. Philipp, Hirofumi Nishi, S. Drew Peabody

Do Water Towers Affect Property Values?, Journal of Property Tax Assessment and Administration, 2016
Co-Authors: Randall Guttery

. Closed End Investment Companies: Historic Returns and Investment Strategies, Financial Services Review, 1998
Co-Authors: J. Douglas Timmons

The Euro Disney Case: The Early Debacle, Journal of the International Academy for Case Studies, 1995
Co-Authors: Milhomme, Albert



Christopher Mace

Marijuana Taxation and Imperfect Competition, National Tax Journal, 2020
Co-Authors: Elena Patel and Nathan Seegert

The Real Effects of Secondary Markets on Innovation, 2019

The Strategic Effects of Trademark Protection, Review of Financial Studies, 2019
Co-Authors: Davidson Heath



David Springate

The Enron/Andersen Collapse: Ongoing Implications for Executive MBA Programs, Journal of Executive Education, 2002

Target Marketing Considerations When Conducting Seminars for Dentists, Texas Dental Journal, 1980
Co-Authors: G. Vaughann, J. Steiber

Designing a Course in Non-Profit Financial Management, Journal of Financial Education, 1977

Don't Let Industry Get Away, American City and County, 1977

Management Policies in Investor-Owned Hospital Corporations, Health Care Management Review, 1977
Co-Authors: M. McNeil

Views Toward Continuing Education for Hospital Administrators in Texas, Texas Hospitals, 1977
Co-Authors: G. Vaughann, J.Steiber

Industrial Retention Practices of Local Governments, AIDC Journal, 1976

Influencing Business Locations in Canada Through Federal Financial Incentives, Columbia Journal of World Business, 1975

Three Alternative Approaches to the Basic Finance Course, Journal of Financial Education, 1975

The Advantages of Early Student Exposure to Cases in Finance, Journal of Financial Education, 1974



Feng Zhao

It Depends on When You Search, MIS Quarterly, 2023
Co-Authors: Jun Li, Xianwei Liu, Qiang Ye, and Xiaofei Zhao

Neglected risks in the communication of mortgage-backed security offerings, Journal of Finance, 2023
Co-Authors: Harold Zhang and Xiaofei Zhao

Racial Disparities in Mortgage Lending: New Evidence Based on Processing Time, Review of Corporate Finance Studies, 2022
Co-Authors: Bin Wei

Unspanned Global Macro Risks in Bond Returns, Management Science, 2021
Co-Authors: Guofu Zhou and Xiaoneng Zhu

Cautious Risk-Takers: Investor Preferences and Demand for Active Management, Journal of Finance, 2019
Co-Authors: Valery Polkovnichenko and Kelsey Wei

Effects of investor attention on commodity futures markets, Finance Research Letters, 2018
Co-Authors: Xiaolin Wang, Qiang Ye and Yi Kou

Investor Sentiment and the Chinese Index Futures Market: Evidence from the Internet Search, Journal of Futures Markets, 2018
Co-Authors: Xiaolin Wang, Qiang Ye and Yi Kou

Trading Activity and Price Behanvior in Chinese Agricultural Futures Markets, Finance Research Letters, 2016
Co-Authors: Xiaolin Wang and Qiang Ye

Trading activity and price behavior in Chinese agricultural futures markets, Finance Research Letters, 2016

Subprime Mortgage Defaults and Credit Default Swaps, Journal of Finance , 2015
Co-Authors: Eric Arentsen, Brian Rosenbund, Harold Zhang

Probability weighting functions implied in options prices, Journal of Financial Economics , 2013
Co-Authors: Valery Polkovnichenko

Nonparametric Estimation of State-Price Densities Implicit in Interest Rate Cap Prices", Review of Financial Studies , 2009
Co-Authors: Haitao Li

Can the Random Walk Model be beaten in Out-of-Sample Density Forecasts: Evidence from Intraday Foreign Exchange Rates, Journal of Econometrics , 2007
Co-Authors: Yongmiao Hong and Haitao Li

Interest Rate Caps “Smile” Too! But Can the LIBOR Market Models Capture the Smile?", Journal of Finance , 2007
Co-Authors: Robert Jarrow and Haitao Li

Downside Loss Aversion and Portfolio Management, Management Science , 2006
Co-Authors: Robert Jarrow

Unspanned Stochastic Volatility: Evidence from Hedging Interest Rate Derivatives", Journal of Finance , 2006
Co-Authors: Haitao Li

Out-of-Sample Performance of Discrete-Time Spot Interest Rate Models, Journal of Business and Economic Statistics , 2004
Co-Authors: Yongmiao Hong and Haitao Li



Gary Bolton

Fixing feedback revision rules in online markets, WU Vienna University of Economics and Business, 2020
Co-Authors: G Bolton, K Breuer, B Greiner, A Ockenfels

Norm Enforcement in Markets: Group Identity and the Volunteering of Feedback, The Economic Journal, 2020
Co-Authors: GE Bolton, J Mans, A Ockenfels

Export versus FDI with heterogeneous firms, National Institute Economic Review , 2019
Co-Authors: A Hantzsche, G Young, Bank of England, European Commission, ...

Inflated reputations: Uncertainty, leniency, and moral wiggle room in trader feedback systems, Management Science , 2019
Co-Authors: GE Bolton, DJ Kusterer, J Mans

When a nudge backfires: Using observation with social and economic incentives to promote pro-social behavior, CeDEx Discussion Paper Series, 2019
Co-Authors: GE Bolton, E Dimant, U Schmidt

Cry wolf or equivocate? Credible forecast guidance in a cost-loss game, Management Science , 2018
Co-Authors: GE Bolton, E Katok

Dispute resolution or escalation? The strategic gaming of feedback withdrawal options in online markets, Management Science , 2018
Co-Authors: G Bolton, B Greiner, A Ockenfels

Other‐regarding Behavior: Fairness, Reciprocity, and Trust, The Handbook of Behavioral Operations, 2018
Co-Authors: GE Bolton, Y Chen

What to do on spring break? The role of predicted, on-line, and remembered experience in future choice, Behavioral Economics, 2018
Co-Authors: E Cartwright, K Abbink, B Irlenbusch, E Renner, S Agarwal, C Liu, ...

Inflated Reputations Uncertainty, Leniency & Moral Wiggle Room in Trader Feedback Systems, Kiel und Hamburg: ZBW-Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft, 2016
Co-Authors: D Kusterer, J Mans

Leveraging social relationships and transparency in the insider game, Journal of the Economic Science Association , 2016
Co-Authors: G Bolton, T Stangl, UW Thonemann

On the influence of hard leverage in a soft leverage bargaining game: The importance of credible claims, Games and Economic Behavior , 2016
Co-Authors: GE Bolton, E Karagözoğlu

Social interaction promotes risk taking in a stag hunt game, German Economic Review , 2016
Co-Authors: GE Bolton, C Feldhaus, A Ockenfels

The influence of potential on wages and effort, Experimental Economics, 2016
Co-Authors: Peter Werner

Social interaction promotes risk taking in a stag hunt game, German Economic Review, 2015
Co-Authors: Christoph Feldhaus and Axel Ockenfels

Social responsibility promotes conservative risk behavior, European Economic Review, 2015
Co-Authors: Bolton, Axel Ockenfels and Julia Stauf

Does laboratory trading mirror behavior in real world markets? Fair bargaining and competitive bidding on eBay, Journal of Economic Behavior and Organization, 2014
Co-Authors: Bolton and Axel Ockenfels

How Werner Güth’s ultimatum game shaped our understanding of social behavior, Journal of Economic Behavior and Organization, 2014
Co-Authors: Eric van Damme, Ken Binmore, Alvin E. Roth, Larry Samuelson, Eyal Winter, Bolton, Axel Ockenfels, Martin Dufwenberg, Georg Kirchsteiger,! Uri Gneezy, Martin G. Kocher, Matthias Sutter, Alan Sanfey, Hartmut Kliemt, Reinhard Selten, Rosemarie Nagel, Ofer H. Azar.

Engineering Trust: Reciprocity in the production of reputation information, Management Science, 2013
Co-Authors: Bolton, Ben Greiner and Axel Ockenfels

Behavioral economic engineering, Journal of Economic Psychology, 2012
Co-Authors: Bolton and Axel Ockenfels

How do coalitions get built? Evidence from an extensive form coalition game with and without communication, International Journal of Game Theory, 2012
Co-Authors: Bolton and Jeannette E, Brosig-Koch

Managers and students as newsvendors, Management Science, 2012
Co-Authors: Bolton, Axel Ockenfels and Ulrich W. Thonemann

Betrayal aversion: Evidence from Brazil, China, Oman, Switzerland, Turkey, and the United States: Comment, American Economic Review, 2010
Co-Authors: Bolton and Axel Ockenfels

Information value and externalities in reputation building, International Journal of Industrial Organization, 2010
Co-Authors: Bolton, Axel Ockenfels and Felix Ebeling

Testing models and internalizing context: A comment on Vernon Smith’s ‘Theory and experiment: What are the questions?, ournal of Economic Behavior and Organization, 2010

Towards an Interdisciplinary perspective of training intervention for negotiations: Developing strategic negotiation support contents, Decision Support Systems, 2010
Co-Authors: Park, Sungsoon, Bolton, Ling Rothrock and Jeannette Brosig,

Testing and modeling fairness motives, Rationality, Markets and Morals, 2009
Co-Authors: Bolton and Axel Ockenfels

The limits of trust, eTrust, 2009
Co-Authors: Bolton, and Axel Ockenfels

Estimating the influence of fairness on bargaining behavior, Management Science, 2008
Co-Authors: DeBruyn, Arnaud and Bolton,

Learning-by-doing in the newsvendor problem: A Laboratory investigation of the role of experience and feedback, Manufacturing and Services Operations Management, 2008
Co-Authors: Bolton and Elena Katok

ow social reputation networks interact with competition in online trading: An experimental study, ournal of Management Information Systems, 2008
Co-Authors: Bolton, Claudia Loebbecke and Axel Ockenfels

A laboratory study of the benefits of including uncertainty information in weather forecasts, Weather and Forecasting, 2006
Co-Authors: Roulston, Mark, Bolton, Andrew Kleit, Addison Sears-Collins

Inequality aversion, efficiency, and maximin preferences in simple distribution experiments, American Economic Review, 2006
Co-Authors: Bolton and Axel Ockenfels

A stress test of fairness measures in models of social utility, Economic Theory, 2005
Co-Authors: Bolton and Axel Ockenfels

Cooperation among strangers with limited information about reputation, Journal of Public Economics, 2005
Co-Authors: Bolton, Elena Katok and Axel Ockenfels

Fair procedures: Evidence from games involving lotteries, Economics Journal, 2005
Co-Authors: Bolton, Jordi Brandts and Axel Ockenfels

How effective are electronic reputation mechanisms? An experimental investigation, Management Science, 2004
Co-Authors: Bolton, Katok and Ockenfels,

How communication links influence coalition bargaining: A laboratory investigation, Management Science, 2003
Co-Authors: Bolton, Kalyan Chatterjee and Kathleen McGinn

Reanalyzing ultimatum bargaining: Comparing nondecreasing curves without shape constraints, Journal of Business and Economic Statistics, 2002
Co-Authors: Fong, Duncan K. H., Scott E. Pammer, Steven F. Arnold and Bolton

Learning versus punishment in ultimatum bargaining, Games & Economic Behavior, 2001
Co-Authors: Abbink, Klaus, Bolton, Karim Sadrieh and Fang-Fang Tang

ERC: A theory of equity, reciprocity and competition, American Economic Review, 2000
Co-Authors: Bolton and Axel Ockenfels,

An experimental test of the crowding out hypothesis: The nature of beneficent behavior, Journal of Economic Behavior and Organization, 1998
Co-Authors: Bolton and Elena Katok

Dictator game giving: Rules of fairness versus acts of kindness, International Journal of Game Theory, 1998
Co-Authors: Bolton, Elena Katok and Rami Zwick

Measuring motivation in the reciprocal responses observed in a dilemma game, Experimental Economics, 1998
Co-Authors: Bolton, Jordi Brandts and Axel Ockenfels

Reinterpreting arbitration's narcotic effect: An experimental investigation, Games and Economic Behavior, 1998
Co-Authors: Bolton and Elena Katok

Strategy and equity: An ERC-analysis of the Güth-van Damme game, Journal of Mathematical Psychology, 1998
Co-Authors: Bolton and Axel Ockenfels

Analyzing ultimatum bargaining: A Bayesian approach to the comparison of two potency curves under shape constraints, Journal of Business and Economics Statistics, 1997
Co-Authors: Duncan K. H. Fong and Bolton

An experimental test for gender differences in beneficent behavior, Economics Letters, 1995
Co-Authors: Bolton and Elena Katok

Anonymity versus punishment in ultimatum bargaining, Games and Economic Behavior, 1995
Co-Authors: Bolton and Rami Zwick

A comparative model of bargaining: Theory and evidence, American Economic Review, 1991



Han Xia

Do Financial Regulations Shape the Functioning of Financial Institutions Risk Management?, Review of Financial Studies, 2019
Co-Authors: Jane Chen, Eric Higgins and Hong Zou

Follow the Money: Investor Trading Around Investor-Paid Credit Rating Changes, Journal of Corporate Finance, 2018
Co-Authors: Utpal Bhattacharya and Kelsey Wei

Technology Spillovers and Product Market Strategies, Management Science, 2017
Co-Authors: Seong K. Byun and Jong Min Oh

Locations, Proximity ad M&A Transactions, Journal of Economics and Management Strategy, 2016
Co-Authors: Ye Cai and Xuan Tian

Revolving Doors on Wall Street, Journal of Financial Economics, 2016
Co-Authors: Jess Cornaggia and Kimberly Cornaggia

Can Investor-Paid Credit Rating Agencies Improve the Information Quality of Issuer-Paid Rating Agencies?, The Journal of Financial Economics, 2014

Do Lenders Still Monitor When They can Securitize Loan, he Review of Financial Studies, 2014
Co-Authors: Yihui Wang

The Economics of Solicited and Unsolicited Credit Ratings, The Review of Financial Studies, 2014
Co-Authors: Paolo Fulghieri and Gunter Strobl



Harold Zhang

Neglected Risks in the Communication of Residential Mortgage-backed Securities Offerings, Journal of Finance, 2023
Co-Authors: Feng Zhao and Xiaofei Zhao

Operating Hedge and Gross Profitability Premium, Journal of Finance, 2023
Co-Authors: Leonid Kogan and Jun Li

Investment Income Taxes and Private Equity Acquisition Activity, Journal of Empirical Finance, 2020
Co-Authors: Alex Holcomb, Paul Mason

Short-run and Long-run Consumption Risks, Dividend Processes and Asset Returns, Review of Financial Studies, 2017
Co-Authors: Jun Li

Short-run and Long-run Consumption Risks, Dividend Processes and Asset Returns, Review of Financial Studies, 2016
Co-Authors: Jun Li

Subprime Mortgage Defaults and Credit Default Swaps, Journal of Finance, 2015
Co-Authors: Eric Arentsen, David Mauer, Brian Rosenlund, Feng Zhao

Capital Gains Taxes and Stock Return Volatility, Journal of American Taxation Association, 2013
Co-Authors: Zhonglan Dai, Douglas A. Shackelford, and Harold H. Zhang

Does Financial Constraint Affect Shareholder Taxes and the Cost of Equity Capital?, The Accounting Review, 2013
Co-Authors: Zhonglan Dai, Douglas A. Shackelford, Harold H. Zhang, and Chongyang Chen

Financial Networks and Trading in Emerging Bond Markets, Journal of Financial Markets, 2013
Co-Authors: G. Geoffrey Booth, Umit G. Gurun

Fear of the Unknown: Familiarity and Economic Decisions, Review of Finance, 2011
Co-Authors: H. Henry Cao, Bing Han, David Hirshleifer, and Harold H. Zhang

Stock Returns and the Volatility of Liquidity, Journal of Financial and Quantitative Analysis, 2010
Co-Authors: Joao Pereira and Harold H. Zhang

Capital Gains Taxes and Asset Prices: Capitalization or Lock-in?, Journal of Finance, 2008
Co-Authors: Zhonglan Dai, Edward Maydew, Douglas A. Shackelford

External Habit and the Cyclicality of Expected Stock Returns, Journal of Business, 2005
Co-Authors: Thomas Tallarini, jr

Maximizing Long-Term Wealth Accumulation: It's not just about What investments to make, but also Where to make them, Research Dialogue, 2005
Co-Authors: Robert Dammon, James Poterba, Chester Spatt

Model Uncertainty, Limited Market Participation and Asset Prices, Review of Financial Studies, 2005
Co-Authors: H. Henry Cao, Tan Wang

Optimal Consumption and Portfolio Choices with Risky Housing and Borrowing Constraints, Review of Financial Studies, 2005
Co-Authors: Rui Yao

Comment on `Household Portfolio Choices in Taxable and Tax-Deferred Accounts: Another Puzzle?, European Finance Review, 2004

Optimal Asset Location and Allocation with Taxable and Tax-Deferred Investing, Journal of Finance, 2004
Co-Authors: Robert M. Dammon, Chester S. Spat

Capital Gains Taxes and Portfolio Rebalancing, Research Dialogue, 2003
Co-Authors: Robert Dammon, Chester Spatt

Upstream Intergenerational Transfers, Southern Economic Journal, 2002
Co-Authors: Frank A. Sloan, Harold H. Zhang and Jingshu Wang

Optimal Consumption and Investment with Capital Gains Taxes, Review of Financial Studies, 2001
Co-Authors: Robert M. Dammon, Chester S. Spatt

Explaining Bond Returns in Heterogeneous Agent Models: The Importance of Higher Order Moments, Journal of Economic Dynamics and Control, 2000

Fixed costs and asset market participation, Revista De Analisis Economico, 2000
Co-Authors: Amir Yaron

An Investigation of the Risk and Return Relation at Long Horizons, Review of Economics and Statistics, 1999
Co-Authors: Paul Harrison

Overparameterization in the Seminonparametric Density Estimation, Economics Letters, 1998
Co-Authors: Ming Liu

Endogenous Borrowing Constraints with Incomplete Markets, Journal of Finance, 1997

Endogenous Short Sale Constraint, Stock Prices and Output Cycles, Macroeconomic Dynamics, 1997

Tort Liability and Obstetrician's Care Levels, International Review of Law and Economics, 1997
Co-Authors: Frank Sloan, Stephen Entman, Bridget Reilly, Cheryl Glass, Gerald Hickson and Harold H. Zhang)

Volume, Volatility, and Leverage: A Dynamic Analysis, Journal of Econometrics, 1996
Co-Authors: George Tauchen, Harold Zhang, and Ming Liu



Jean-Marie Meier

The Impact of Institutions on Innovation, Management Science, 2023
Co-Authors: Alexander Donges, Rui C. Silva

The Benefits of Buying Distressed Assets, Journal of Applied Corporate Finance, 2020
Co-Authors: Henri Servaes

The Bright Side of Fire Sales, Review of Financial Studies, 2019
Co-Authors: Henri Servaes



Jeffrey Manzi

Market Timing and The Use of Debt for Stock Repurchases, Review of Business Research, 2020
Co-Authors: S. Drew Peapody

Investing in High-Risk Mutual Funds: Is it Worth the Risk?, Journal of Business and Behavioral Science, 2016
Co-Authors: Rayome, David L.

The Effectiveness of Mastery Learning in Business Education, Review of Business Research, 2014
Co-Authors: Rayome, David L.



Jun Li

It Depends on When You Search, MIS Quarterly, 2023
Co-Authors: Jun Li, Xianwei Liu, Qiang Ye, Feng Zhao, Xiaofei Zhao

Operating Hedge and Gross Profitability Premium, Journal of Finance, 2023
Co-Authors: Leonid Kogan, Jun Li, Harold H. Zhang

The Opposing Effects of Complexity and Information Content on Uncertainty Dynamics: Evidence from 10-K Filings, Management Science, 2023
Co-Authors: Joon Woo Bae, Frederico Belo, Jun Li, Xiaoji Lin, Xiaofei Zhao

Expected Investment Growth Premium, Finance Management, 2021
Co-Authors: Huijun Wang, Jianfeng Yu

Is the Size Premium Really Driven by Firm Size?, Journal of Investing, 2021
Co-Authors: Zhiyao Chen, Huijun Wang

Aggregate expected investment growth and stock market returns, Journal of Monetary Economics, 2020
Co-Authors: Huijun Wang, Jianfeng Yu

Explaining momentum and value simultaneously, Management Science, 2018

Labor heterogeneity and asset prices: the Importance of skilled labor, Review of Financial Studies, 2017
Co-Authors: rederico Belo, Xiaoji Lin, and Xiaofei Zhao

Short-run and long-run consumption risks, dividend processes, and asset returns, Review of Financial Studies, 2016
Co-Authors: Harold H. Zhang

Asset Pricing in Production Economies with Extrapolative Expectations, Journal of Monetary Economics, 2015
Co-Authors: David Hirshleifer & Jianfeng Yu

Government spending, political cycles and the cross-section of stock returns, Journal of Financial Economics, 2013
Co-Authors: Frederico Belo and Vito Gala

Investor attention, psychological anchors, and stock return predictability, Journal of Financial Economics, 2012
Co-Authors: Jianfeng Yu



Kelsey Wei

Follow the Money: Ivenstor Trading around Investor-Paid Credit Ratings, Journal of Corporate Finance, 2019
Co-Authors: Utpal Bhattacharya and Han Xia

Sell-Side Analysts and Stock Mispricing: Evidence from Mutual Fund Flow-Driven Trading Pressure, Management Science, 2019
Co-Authors: Johan Sulaeman

Cautious Risk-Takers: Investor Preferencesand Demand for Active Management, Journal of Finance, 2018
Co-Authors: Valery Polkovnichenko and Feng Zhao

Against the Wisdom of Crowds: The Investment Performance of Contrarian funds, Portfolio Construction, Measurement, and Efficiency, 2017
Co-Authors: Russ Wermers and Tong Yao

Uncommon Value: The Investment Performance of Contrarian Funds, Management Science, 2015
Co-Authors: Russ Wermers and Tong Yao

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, 2014
Co-Authors: Michael Rebello

Analyst Recommendations, Mutual Fund Herding, and Overreaction in Stock Prices, Management Science, 2014
Co-Authors: Nerissa Brown and Russ Wermers

Cross-Border Mergers and Differences in Corporate Governance, International Review of Finance, 2013
Co-Authors: Laura T. Starks

Foreign Exchange Exposure and Financial Distress, Financial Management, 2013
Co-Authors: Laura T. Starks

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

Conflicts of Interest in Sell-Side Research and the Moderating Role of Institutional Investors, Journal of Financial Economics, 2007
Co-Authors: Alexander Ljungqvist, Felicia Marston, Laura Starks and Hong Yan

Participation Costs and the Sensitivity of Fund Flows to Past Performance, Journal of Finance, 2007
Co-Authors: Jennifer Huang and Hong Yan



Kyle Hyndman

Bargaining with a Residual Claimant: An Experimental Study, Games and Economic Behavior, 2021
Co-Authors: Matthew Embrey and Arno Riedl

Private Information and Dynamic Bargaining in Supply Chains: An Experimental Study, Manufacturing & Service Operations Management, 2021
Co-Authors: Andrew Davis

Dissolving partnerships under risk: An experimental investigation, Available at SSRN 3615710, 2020
Co-Authors: KB Hyndman

Dynamic Fairness in Repeated Bargaining with Ex Post Risk, Available at SSRN 3617012, 2020
Co-Authors: KB Hyndman

Fairness and Risk in Ultimatum Bargaining, Available at SSRN 3651557, 2020
Co-Authors: KB Hyndman, MJ Walker

Flexibility and reputation in repeated prisoner’s dilemma games, Management Science, 2020
Co-Authors: D Honhon, K Hyndman

Flexibility in long-term relationships: An experimental study, Manufacturing & Service Operations Management , 2020
Co-Authors: K Hyndman, D Honhon

Private Information and Dynamic Bargaining in Supply Chains: An Experimental Study, Manufacturing & Service Operations Management, 2020
Co-Authors: AM Davis, K Hyndman

The role of incentives in dynamic favour exchange: An experimental investigation, Journal of Economic Behavior & Organization , 2020
Co-Authors: K Hyndman, R Müller

Trust and Lending: An Experimental Study, Available at SSRN 3572430, 2020
Co-Authors: KB Hyndman, J Wu, SC Xiao

Becoming friends or foes? how competitive environments shape altruistic preferences, 2019
Co-Authors: E Dimant, KB Hyndman

Multidimensional bargaining and inventory risk in supply chains: An experimental study, Management Science , 2019
Co-Authors: AM Davis, K Hyndman

An experimental investigation of managing quality through monetary and relational incentives, Management Science , 2018
Co-Authors: AM Davis, K Hyndman

Econometrics for experiments, The Handbook of Behavioral Operations, 2018
Co-Authors: K Hyndman, M Embrey

On the practical significance of hindsight bias: The case of the expectancy-disconfirmation model of consumer satisfaction, Psychological Foundations of Marketing: The Keys to Consumer Behavior, 2018
Co-Authors: AJ Kimmel, DA Aaker, DA Aaker, V Kumar

Private Information and Endogenous Matching in Supply Chains: Theory and Experiments, Available at SSRN 3208756, 2018
Co-Authors: Andrew M Davis, Kyle B Hyndman

Procurement for Assembly under Asymmetric Information: Theory and Evidence, Available at SSRN 3292622, 2018
Co-Authors: AM Davis, KB Hyndman, A Qi, B Hu

Do Lottery Payments Induce Savings Behavior? Evidence from the Lab, Journal of Public Economics, 2015
Co-Authors: Jonathan Guryan, Emel Filiz-Ozbay, Melissa Kearney and Erkut Ozbay

Efficiency or Competition? A Structural Analysis of Canada’s AWS Auction and the Set-Aside Provision, Production and Operations Management, 2015
Co-Authors: Christopher Parmeter

An Experimental Study of Coordination in Games with Strategic Complementarities: Long Run vs. Short Run Relationships, Production and Operations Management, 2014
Co-Authors: Santiago Kraiselburd and Noel Watson

The Effect of Endogenous Timing on Coordination Under Asymmetric Information: An Experimental Study, Games and Economic Behavior, 2014
Co-Authors: Bogachan Celen & Francesco Brindisi

Aligning Capacity in Supply Chains When Demand Forecasts Are Private Information: Theory and Experiment, Manufacturing and Service Operations Management, 2013
Co-Authors: Santiago Kraiselburd and Noel Watson

An Experiment of Social Learning With Endogenous Timing, Review of Economic Design, 2012
Co-Authors: Bogachan Celen

Belief Formation: An Experiment With Outside Observers, Experimental Economics, 2012
Co-Authors: Wolf Erhblatt, Erkut Ozbay and Andrew Schotter

Convergence: An Experimental Study of Teaching and Learning in Repeated Games, Journal of the European Eco- nomic Association, 2012
Co-Authors: Wolf Ehrblatt, Erkut Ozbay and Andrew Schotter

Rent Seeking With Regretful Agents: Theory and Experiment, Journal of Economic Behavior & Organization, 2012
Co-Authors: Erkut Ozbay and Pacharasut Sujarittanonta

Social Learning through Endogenous Information Acquisition: An Experiment, Management Science, 2012
Co-Authors: Bogachan Celen

Consumer Information in a Market for Expert Services, Journal of Economic Behavior & Organization, 2011
Co-Authors: Saltuk Ozerturk

Repeated Bargaining with Reference-Dependent Preferences, nternational Journal of Game Theory, 2011

Competition and Inter-Firm Credit: Theory and Evidence from Firm-Level Data in Indonesia, Journal of Development Economics, 2010
Co-Authors: Giovanni Serio

Strategic Interactions and Belief Formation: An Experiment, Applied Economics Letters, 2010
Co-Authors: Antoine Terracol and Jonathan Vaksmann

Learning and Sophistication in Coordination Games, Experimental Economics, 2009
Co-Authors: Antoine Terracol and Jonathan Vaksmann

Disagreement in Bargaining: An Empirical Analysis of OPEC, International Journal of Industrial Organization, 2008

Coalition Formation with Binding Agreements, Review of Eco- nomic Studies, 2007
Co-Authors: Debraj Ray



Liping Ma

Powerful independent directors, Financial Management, 2021
Co-Authors: K. Fogel, R. Morck

The Foreclosure Crisis: Did Wall Street Pratice Predatory Lending or Did Households Overreach?, The Regional Economist , 2011
Co-Authors: Emmons, Fogel, Lee, Yeager and Rorie



Michael Rebello

Spillovers from good-news and other bankruptcies: Real e ects and price responses, Journal of Financial Economics, 2018
Co-Authors: Nina Baranchuk

Horses for courses: Matching fund managers with organizational structures, Journal of Financial and Quantitative Analysis, 2017
Co-Authors: Tom Noe and YuFeng Han

A glimpse behind a closed door: The long-term investment value of buy-side research and its effect on fund trades and performance, Journal of Accounting Research, 2014
Co-Authors: Kelsey Wei

Private information and bargaining power in venture capital financing, Journal of Economics and Management Strategy, 2014
Co-Authors: Yrjo Koskinen and Jun Wang

Sell-side analyst research and stock comovement, Journal of Accounting Research, 2014
Co-Authors: Volkan Muslu and Yexiao Xu

Learning to bid: The design of auctions under uncertainty and adaptation, Games and Economic Behavior, 2012
Co-Authors: . Noe and M. Rebello, and J. Wang

Optimal corporate governance and compensation policy in a dynamic world, Review of Financial Studies, 2012
Co-Authors: T. Noe

The bright side of myopic, uninformed, and passive external finance, Management Science, 2012
Co-Authors: T. Noe, M. Rebello, and T. Reitz

On the Structure of Analyst Research Portfolios and Forecast Accuracy, Journal of Accounting Research, 2009
Co-Authors: O. Kini, S. Mian and A. Venkateswaran

Board Structures Around the World: An Experimental Investigation, Review of Finance, 2008
Co-Authors: A. Gillette and T. Noe

Experimental Evidence on Coverage Choices and Contract Prices in the Market for Corporate Insurance, Experimental Economics, 2008
Co-Authors: G. Goswami and M. Grace

Buying the Debt of Distressed Retailers: A Tale of Two Takeovers, Journal of Economics and Management Strategy, 2006
Co-Authors: T. Noe

The Evolution of Security Design, Journal of Finance, 2006
Co-Authors: T. Noe and J. Wang

Corporate Board Composition, Protocols, and Voting Behavior: Experimental Evidence, Journal of Finance, 2003
Co-Authors: A. Gillette and T. Noe

Corporate Financing: An Artificial Agent-Based Analysis, Journal of Finance, 2003
Co-Authors: T. Noe and J. Wang

Reputation in the Market for Distressed-Firm Debt, ournal of Financial and Quantitative Analysis, 2003
Co-Authors: T. Noe

Structuring International Cooperative Ventures: Bargaining, Equity Participation, and Private Information, Review of Financial Studies, 2002
Co-Authors: T. Noe and M. Shrikhande

Debt Financing and Myopia: Cause or Consequence?”, Research in Banking and Finance, 2000
Co-Authors: G. Goswami and T. Noe

Cash Flows and Debt Maturity, Economica, 1997
Co-Authors: G. Goswami and Tom Noe

Renegotiation, Investment Horizons, and Managerial Discretion, Journal of Business, 1997
Co-Authors: T. Noe

“Managerial Rents and Optimal Regulatory Intervention in Troubled Banks, Journal of Banking and Finance, 1996
Co-Authors: T. Noe, M. Rebello, and L. Wall

Asymmetric Information, Managerial Opportunism, Financing and Payout Policies, Journal of Finance, 1996
Co-Authors: T. Noe

Collusion in Uniform-Price Auctions: Experimental Evidence and Implications for Treasury Auctions, Review of Financial Studies, 1996
Co-Authors: G. Goswami, Tom Noe, and M. Rebello

Adverse Selection Costs and the Firm's Financing and Insurance Decisions, Journal of Financial Intermediation, 1995

Consumer Activism, Producer Groups, and Production Standards, Journal of Economic Behavior and Organization, 1995
Co-Authors: T. Noe

Debt Financing Under Asymmetric Information, Journal of Finance, 1995
Co-Authors: G. Goswami, Tom Noe, and M. Rebello

The Dynamics of Business Ethics and Economic Activity, American Economic Review, 1994
Co-Authors: T. Noe

Financing and the Demand for Corporate Insurance: A Sequential Signaling Game, The Geneva Papers on Risk and Insurance Theory, 1993
Co-Authors: M. Grace

Rent Division, Restructuring, and Managerial Risk-Taking: A Strategic Bargaining Model, Journal of Economics and Management Strategy, 1993
Co-Authors: T. Noe

Security Issue Announcement Effects When Firms Use Multiple Signals, Economics Letters, 1993

Adverse Selection, Contract Design and Investment Distortion, Journal of Financial Intermediation, 1992
Co-Authors: T. Noe



Moran Blueshtein

Advice and Pro-Social behavior Journal of Business & Social Science Review , JBSSR, 2020

Guilt and Pro-Social Behavior amongst Workers in an Online Labor Market, Journal of Business and Economic Policy, 2018

Gonadotropin-releasing hormone analogue as sole lutal support in antagonist-based assisted reproductive technology cycles, Fertility and Sterility, 2017
Co-Authors: Itai Bar Hava, Hadas Ganer Herman, Yeela Omer, Gila Ben David



Nina Baranchuk

Revenue Sharing Vertical Contracts in the Movie Industry: A Theoretical Analysis, Review of Marketing Science, 2019
Co-Authors: Seetharaman Seethu and Andrei Strijnev

Spillovers From ‘Good-News’ and Other Bankruptcies: Real Effects and Price Responses, Journal of Financial Economics, 2018
Co-Authors: Michael Rebello

Motivating Innovation in Newly Public Firms, Journal of Financial Economics, 2014
Co-Authors: Robert Kieschnick, Rabih Moussawi

The Economics of Super Managers, Review of Financial Studies, 2011
Co-Authors: Glenn MacDonald and Jun Yang

Renegotiation-Proof Contracting, Disclosure, and Incentives for Efficient Investment, Journal of Economic Theory, 2010
Co-Authors: Nina Baranchuk, Philip H. Dybvig, and Jun Yang

Consensus in Diverse Corporate Boards, Review of Financial Studies, 2009
Co-Authors: Philip Dybvig

Assessing the Role of Option Grants to CEOs: How Important is Heterogeneity?, Journal of Empirical Finance, 2008
Co-Authors: Siddhartha Chib,

Organizing Multiple Related Tasks into Jobs: Diversification vs. Competition, Economics Letters, 2008

Corporate Working Capital Management: Determinants and Consequences, International Journal of Managerial Finance, 2006
Co-Authors: Robert Kieschnick, Rabih Moussawi



Peter Lewin

Capital and Finance: Theory and History, New York: Routledge, 2021
Co-Authors: Nicolas Cachanosky

How should an Austrian Economist Teach the Theory of the Firm? Do the equi-marginal conditions still apply? , Review of Austrian Economics, 2021

Capital and finance: Theory and history, Routledge, 2020
Co-Authors: P Lewin, N Cachanosky

Entrepreneurship in a theory of capital and finance—Illustrating the use of subjective quantification, Managerial and Decision Economics, 2020
Co-Authors: P Lewin, N Cachanosky

Cyclical fluctuations and the structure of production, Cambridge Journal of Economics , 2019
Co-Authors: G Garzarelli, P Lewin, B Tulloh

Entrepreneurship in a theory of capital and finance - illustrating the use of subjective quantification, Managerial and Decision Economics, 2019
Co-Authors: Nicolas Cachanosky

Ludwig Lachmann and the Austrians, Studies in Logic, Grammar and Rhetoric , 2019

Re-switching, the average period of production and the Austrian business-cycle theory: A comment on Fratini, The Review of Austrian Economics , 2019
Co-Authors: P Lewin, N Cachanosky

Reminiscences of Ludwig M. Lachmann, Including a Symposium on Ludwig Lachmann, 2019
Co-Authors: M Fransman, G Garzarelli, P Lewin, J Runde, C Torr

Cyclical Fluctuations and the Structure of Production, Cambridge Journal of Economics, 2018
Co-Authors: Giampaolo Garzarelli and Bill Tulloh

Substance and Semantics: The Question of Capital, Journal of Economic Behavior and Organization, 2018
Co-Authors: Nicolas Cachanosky

The Average Period of Production: The History of an Idea, The Journal of the History of Economic Thought, 2018
Co-Authors: Nicolas Cachanosky

The Microfoundations of the Microfoundations of the Austrian Business Cycle Theory, Review of Austrian Economics, 2018

The Role of Capital Structure in Austrian Business Cycle Theory, The Journal of Private Enterprise , 2018
Co-Authors: Nicolas Cachanosky

Capital Valuation, What is it and Why Does it Matter? Insights from Austrian Capital Theory, Journal of Business Valuation and Economic Loss Analysis, 2017

Value and Capital: Austrian Capital Theory, Retrospect and Prospect, Review of Austrian Economics, 2017
Co-Authors: Nicolas Cachanosky

A Financial Framework for Understanding Macroeconomic Cycles: The Structure of Production is Relevant, Journal of Financial Economic Policy, 2016
Co-Authors: Nicolas Cachanosky

An Empirical Application of the Eva® Framework to Business Cycles, Review of Financial Economics, 2016
Co-Authors: Nicolas Cachanosky

Financial Foundations of Austrian Business Cycle Theory, Advances in Austrian Economics , 2016
Co-Authors: Nicolas Cachanosky

Ludwig Von Mises’s Approach to Capital As a Bridge Between Austrian and Institutional Economics, Journal of Institutional Economics, 2016
Co-Authors: Eduard Braun and Nicolas Cachanosky

Policy Design and Execution in a Complex World, Advances in Austrian Economics, 2016

Plan-Coordination: Who Needs it? , Review of Austrian Economics, 2015

Orders, Orders Everywhere, ... On Hayek's The Market and Other Orders, Cosmos and Taxis, 2015
Co-Authors: Paul Lewis

Plan-Coordination: Who Needs it?, Review of Austrian Economics, 2015

Roundaboutness is not a Mysterious Concept: A Financial Application to Capital Theory, Review of Political Economy, 2014
Co-Authors: Nicolas Cachanosky

The Meaning and the Implications of Heterogeneity for Social Science Research, Studies in Emergent Order, 2014

Entrepreneurial Opportunity as the Potential to Create Value, Review of Austrian Economics, 2013

The Subprime Crisis, Quarterly Journal of Austrian Economics, 2012
Co-Authors: Adrian Ravier

The Capital Based View of the Firm, Review of Austrian Economics, 2011

Creatvity or Coercion: Alternative Perspectives on Rights to Intellectual Property , Journal of Business Ethics , 2008

Facts, Values, and the Burden of Proof, Independent Review , 2008

Heterogeneous Human Capital, Uncertainty, and the Structure of Plans: A Market Process Approach to Marriage and Divorce, Review of Austrian Economics , 2008
Co-Authors: Steven Horwitz

The Capital Idea and the Scope of Economics, Review of Austrian Economics , 2005

“Entrepreneurship and the Defense of Capitalism: An Examination of the Work of Israel Kirzner, Journal des Economistes et des Etudes Humaines, 2002

Rent and Resources: A Market Process Perspective, Entrepreneurship and the Firm: Austrian Perspectives on Economic Organization, 2001
Co-Authors: Steven E. Phelan

The Development of Austrian Economics: Revisiting the Neoclassical Divide, Review of Austrian Economics , 2001

The Market Process and the Economics of the QWERTY: Two Views, Review of Austrian Economics , 2001

An Austrian Theory of the Firm, Review of Austrian Economics, 2000
Co-Authors: Steven E. Phelan

Arriving at a Strategic Theory of the Firm, International Journal of Management Reviews, 2000
Co-Authors: Steven E. Phelan

My Teacher and his Legacy,” Contribution to: “Professor Lachmann (1906 – 1990): Scholar, Teacher, and Austrian School Critic of Late Classical Formalism in Economics, merican Journal of Economics and Sociology, 2000

William Hutt and the Economics of Apartheid, Constitutional Political Economy, 2000

Firms, Strategies, and Resources: Contributions from Austrian Economics, The Quarterly Journal of Austrian Economics, 1999
Co-Authors: Steven E. Phelan

Paradox in Project-Based Enterprise: What Paradox,?, California Management Review, 1999

The Firm, Money and Economic Calculation, American Journal of Economics and Sociology, 1998

Capital in Disequilibrium: A Reexamination of the Capital Theory of Ludwig M. Lachmann, History of Political Economy, 1997

Captial and Time: Variations on a Hicksian Theme, Advances in Austrian Economics , 1997

Hayekian Equilibrium and Change , Journal of Economic Methodology, 1997

Rothbard and Mises on Interest: An Exercise in Theoretical Purity, Journal of the History of Economic Thought, 1997

Time Complexity and Change: Ludwig M. Cintributions to the Theory of Capital, Advances in Austrian Economics , 1996

Methods and Metaphors in Capital Theory, Advances in Austrian Economics, 1995

Capital Theory, Companion to Austrian Economics, 1994
Co-Authors: Edward Elgar

Knowledge, Expectations and Capital: The Economics of Ludwig M. Lachmann, Advances in Austrian Economics, 1994

Comment: Austrian Economics and the Future of Macroeconomics, Austrian Economics, 1991

Economic and Sociological Views of Discrimination in Labor Markets: Persistence or Demise?, Sociological Spectrum, 1989
Co-Authors: Paula England

Long Run Versus Short Run Cost of Electric Power Interruptions: A Cautionary Note, Energy Journal, 1986
Co-Authors: Steve G. Parsons

The Prohibitive Cost of Apartheid, The Intercollegiate Review, 1986

Comment: Competitive Money, CATO Journal, 1983

Externalities: Socail Cost Versus Strict Liability , CATO Journal , 1982

Perspectives on the Cost of Inflation, Southern Economic Journal, 1982

Inflation, Common Fallacies and Real Issues, Fact and Opinion Papers, 1978

Money, Inflation and Economic Growth, The Investment Analysts Journal, 1978

On the Definition of Inflation: Reply to Professor Botha, South African Journal of Economics, 1978

Rejoinder to Professor Botha, South African Journal of Economics, 1978

Reply to Mr. Mittermaier, South African Journal of Economics, 1978

Subsidies and Regulation in Medicine, South African Journal of Hospital Medicine, 1978

Indexation and Inflation: A Note, South African Journal of Economics, 1977

On the Definition and Measurement of Inflation, South African Journal of Economics, 1977

The Black-White Wage Gap: 1952-1969, South African Journal of Economics, 1976

The Essential Role of Money in the Economy, South African Journal of Economics, 1972

A Tentative Consideration of the Methods and Efficiency of South African Monetary Policy in Recent Years, The South African Banker, 1971



Pingle Wang

Barking up the wrong tree: Return-chasing in 401(k) plans, Journal of Financial Economics, 2023
Co-Authors: Anh Tran



Randall Guttery

Using a Cannabis Real Estate Investment Trust to Capitalize a Marijuana Business, The Journal of Real Estate Portfolio Management, 2018
Co-Authors: S. Poe

Do Water Towers Affect Property Values?, Journal of Property Tax Assessment and Administration, 2017
Co-Authors: Carolyn Reichert

Stranger Originated Life Insurance: Controversy and Proposal for Market-Based Solutions, Journal Of Insurance Issues, 2012
Co-Authors: Poe, S. L. , & He, E.

Life Settlements: Implications for Investment Real Estate, Real Estate Law Journal, 2005

An Empirical Investigation of Federal Wetlands Regulations and Flood Delineation: Implications for Residential Property Owners, Journal of Real Estate Research, 2004
Co-Authors: S., Sirmans, C. F. , & Poe, S. L.

Growing Pains: FM 2499 Case Study, Tierra Grande Journal, 2004

Mass Appraisal: An Introduction to Multiple Regression Analysis for Real Estate Valuation, The Journal of Real Estate Practice and Education, 2004
Co-Authors: S., Sirmans, C. F. , & Benjamin, J.

The Effects of Subdivision Design on Housing Values: The Case of Alleyways, Journal of Real Estate Research, 2002

A Federal Wetlands Regulations: Restrictions on the Nationwide Permit Program and the Implications for Residential Property Owners, American Business Law Journal, 2000
Co-Authors: Sirmans, C. F. , & Poe, S. L.

Alamo Realty: The Effects of Technology Changes on Real Estate Brokerage, Journal of Real Estate Practice and Education, 2000
Co-Authors: Baen , J., & Benjamin, J.

The Coming Downsizing of Real Estate: Implications of Technology, New Zealand Real Estate, 2000
Co-Authors: Baen, J.

Wetlands Regulations: Compliance for Residential Property Homeowners, Real Estate Law Journal, 2000
Co-Authors: Poe, S. L. , & Sirmans, C. F.

). Aggregation Bias in Price Indices for Multi-Family Rental Properties, Journal of Real Estate Research, 1998
Co-Authors: Sirmans, C. F.

Contagion and REIT Stock Prices, Journal of Real Estate Research, 1998
Co-Authors: Ghosh, C., & Sirmans, C. F.

). The Effects of the Real Estate Crisis on Institutional Stock Prices, Real Estate Economics, Journal of Amer. Real Estate & Urban Econ. Ass., 1997
Co-Authors: Sirmans, C. F.

The 1996 Real Estate Intermediary Statute: A Trap for Brokers and Consumers, Real Estate Probate and Trust Law Reporter, 1997
Co-Authors: Braswell , M., & Poe, S.

The Coming Downsizing of Real Estate: Implications of Technology, The Journal of Real Estate Portfolio Management, 1997
Co-Authors: Baen, J.

Downsizing America's Real Estate Industry, Tierra Grande Journal, 1996

The Coming Downsizing in Real Estate: Implications of Technology, A&M Real Estate Center’s Technical Reports Series, 1996
Co-Authors: Baen, J

Understanding Mortgage-Backed Securities: Part 1, Institutional Investor’s Financial Consultan, 1996
Co-Authors: McCarthy, E. D.

Understanding Mortgage-Backed Securities: Part 2, Institutional Investor’s Financial Consultant Journal, 1996
Co-Authors: McCarthy, E. D.

Creating a Constant Quality Index for Multi-Family Residential Housing, Journal of Real Estate Research, 1995
Co-Authors: Sirmans, C. F.



Robert Kieschnick

Bank competition and the design of syndicated loans, The Financial Review, 2023
Co-Authors: Chongyang Chen

Spillover effects in managerial compensation, Journal of Empirical Finance, 2023
Co-Authors: Wenyu Shi

Operating Leases, Operating Leverage, Operational Inflexibility and Sticky Costs, Finance Research Letters, 2019
Co-Authors: DO Cook, R. Moussawi

Bank Credit and Corporate Working Capital Management, Journal of Corporate Finance , 2018
Co-Authors: C. Chen

Corporate Governance and Firm Survival, The Financial Review, 2018
Co-Authors: M. Goktan and R. Moussawi

Firm Age, Corporate Goivernance and Capital Structure Choices, Journal of Corporate Finance, 2018
Co-Authors: R. Moussawi

Statistical Analysis of Financial Data with Many Zeros, WIRE's Computational Statistics, 2017
Co-Authors: K. Song

Working Capital Management, the Credit Crisis, and Hedging Strategies: Canadian Evidence, Journal of International Financial Management and Accounting, 2016
Co-Authors: Wendy Rotenberg

On the evolution of corporate capital structures, Journal of Evolutionary Economics, 2015
Co-Authors: Dan Arce; Doug Cook

Motivating innovation in newly public firms, Journal of Financial Economics, 2014
Co-Authors: Nina Baranchuk and Rabih Moussawi

Robust Determinants of IPO Underpricing and their Implications for IPO Research, Journal of Corporate Finance, 2014
Co-Authors: Alexander Butler; Michael Keefe

The influence of moral hazard on investment in financially constrained and unconstrained firms, Finance Research Letters, 2014
Co-Authors: Michael Keefe

The influence of moral hazard on investment in financially constrained and unconstrainted firms, Finance Research Letters, 2014
Co-Authors: Michael O’Connor Keefe

Working capital management and shareholder wealth, Review of Finance, 2013
Co-Authors: Mark Laplante; Rabih Moussawi

A target’s perspective on the effects of ATPs in takeovers after recognizing its choice in the process, Journal of Corporate Finance, 2012
Co-Authors: Sinan Goktan

On the decision to go public with dual class stock, Journal of Corporate Finance, 2010
Co-Authors: Onur Arugaslan; Douglas Cook

Determinants of financial distress and bankruptcy in highly levered transactions, Quarterly Review of Economics and Finance, 2009
Co-Authors: Paul Halpern; Wendy Rotenberg

Regression analysis of proportions in finance with self-selection, Journal of Empirical Finance, 2008
Co-Authors: Douglas Cook; Bruce McCullough

On the Marketing of IPOs, Journal of Financial Economics, 2006
Co-Authors: Douglas Cook; Robert van Ness

Managerial shareholdings, firm value, and acquired corporations, Quarterly Review of Economics and Finance, 2005
Co-Authors: Paul Halpern; Wendy Rotenberg

Product market competition, regulation, and financial contracts, Quarterly Review of Economics and Finance, 2005
Co-Authors: Michael Cichello

A Study of Corporate Governance of Thrifts, Journal of Banking and Finance, 2004

A Study of Corporate Governance of Thrifts, Journal of Banking and Finance, 2004
Co-Authors: Douglas Cook and Arthur Hogan

Monitoring as a motivation for IPO Underpricing, Journal of Finance, 2004
Co-Authors: Onur Arugaslan; Douglas Cook

Regression analysis of variates observed on (0,1): percentages, proportions and fractions, Statistical Modeling: An International Journal, 2003
Co-Authors: B.D. McCullough

An Examination of Initial Shareholdings in Tender Offer Bids, Review of Quantitative Finance and Accounting, 1999
Co-Authors: Dan Asquith

On the Heterogeneity of Levered Going Private Transactions, The Review of Financial Studies, 1999
Co-Authors: Paul Halpern and Wendy Rotenberg

Evidence on Price Stablization and Underpricing in Early IPO Returns, Journal of Finance, 1998
Co-Authors: Daniel Asquith and Jonathan Jones

Free Cash Flow and Stockholder Gains in Going Private Transactions Revisited, Journal of Business Finance and Accounting, 1998

Managerial Incentives and the Structure of Management Buyouts, Journal of Economic Behavior and Organization, 1998
Co-Authors: Ramy Elitzur, Paul Halpern, and Wendy Rotenberg

Counterfeit Purchase Intentions: Roles of Lawfulness Attitudes and Product Traits as Determinants, Journal of Business Research, 1996
Co-Authors: Victor Cordell and Nittaya Wongtada

Corporate Applications of Contingent Claims Analysis: A Selective Perspective, Managerial Finance, 1990



Simon Siegenthaler

Competition and Price Transparency in the Market for Lemons: Experimental Evidence, American Economic Journal: Microeconomics, 2021
Co-Authors: Olivier Bochet

Predicting Social Tipping and Norm Change in Controlled Experiments, Proceedings of the National Academy of Science, 2021
Co-Authors: James Andreoni and Nikos Nikiforakis

Beyond Dividing the Pie: An Experimental Study on Bargaining over Multiple Issues, Available at SSRN 3414288, 2020
Co-Authors: O Bochet, M Khanna, S Siegenthaler

Competition and Price Transparency in the Market for Lemons: Experimental Evidence, Available at SSRN 2940110, 2020
Co-Authors: O Bochet, S Siegenthaler

Predicting Social Tipping and Norm Change in Controlled Experiments, National Bureau of Economic Research Working Paper Series, 2020
Co-Authors: J Andreoni, N Nikiforakis, S Siegenthaler

Referral Hiring and Wage Formation in a Market with Adverse Selection, Available at SSRN 3368383, 2020
Co-Authors: A Dariel, A Riedl, S Siegenthaler

Better later than never? An experiment on bargaining under adverse selection, International Economic Review, 2018
Co-Authors: Olivier Bochet

Meet the lemons: An experiment on how cheap-talk overcomes adverse selection in decentralized markets, Games and Economic Behavior, 2017



Stan Liebowitz

The Challenges of Using Ranks to Estimate Sales, Available at SSRN 3543827, 2020
Co-Authors: SJ Liebowitz, A Zentner

The Pecuniary Motivation to Create, 2020
Co-Authors: SJ Liebowitz, A Zentner

Harold Demsetz: Preferring Reality to Nirvana, INDEPENDENT REVIEW , 2019
Co-Authors: S Liebowitz, SE Margolis

Economic analysis of safe harbor provisions, CISAC, 2018
Co-Authors: SJ Liebowitz

Fixing the Bias in Current State K-12 Education Rankings, Cato Policy Analysis , 2018
Co-Authors: SJ Liebowitz, ML Kelly

A Replication of Four Quasi-Experiments and Three Facts from ‘The Effect of File Sharing on Record Sales: An Empirical Analysis’ (Journal of Political Economy, 2007), Economics: The Open-Access, Open-Assessment E-Journal, 2017

Responding to Oberholzer-Gee & Strumpf’s Attempt to Defend Their Piracy Paper, Econ Journal Watch , 2017
Co-Authors: SJ Liebowitz

The Case for Copyright, Geo. Mason L. Rev. , 2017
Co-Authors: S Liebowitz

Paradise Lost or Fantasy Island? The Payment to Authors without Copyright Protection in 19th Century America, Journal of Law and Economics, 2016

The Internet as a Celestial TiVo: What can we Learn from Cable Television Adoption?, Journal of Cultural Economics, 2016
Co-Authors: A Zentner

Why The Oberholzer-Gee/Strumpf File-Sharing Article Is Not Credible, Econ Journal Watch, 2016

A Critique of Copyright Criticisms, George Mason Law Review, 2015

How much of the Decline in Sound Recording Sales is due to File-Sharing?, Journal of Cultural Economics, 2015

Let’s make Texas friendly for auto consumers, Austin American Statesman, 2014

The Hopes and Realities of Copyright, Milken Institute Review, 2014

The Impacts of Internet Piracy, he Economics of Copyright: A Handbook for Students and Teachers, 2014

Willful Blindness: The Inefficient Reward Structure in Academic Research, Economic Inquiry, 2014

Internet piracy: the estimated impact on sales, Handbook on the Digital Creative Economy , 2013
Co-Authors: Ruth Towse and Christian Handke, Edward Elgar

Our uneconomic methods of measuring economic research, VoxEU, 2013

The Troubled Path of the Lock-In Movement, Journal of Competition Law and Economics, 2013
Co-Authors: Steve Margolis

Clash of the Titans: The Internet as a competitor to Television, Review of Economics and Statistics , 2012
Co-Authors: Alejandro Zentner

Internet to Artists: Drop Dead, Wall Street Journal, 2012

It’s the Flexible Lending Standards, Stupid, Washington Examiner, 2012

New Evidence on the Foreclosure Crisis, Wall Street Journal, 2012

Should Bailed-Out Homeowners Be Required To Pay Restitution?, Investors Business Daily, 2012

The Internet’s Upending of Cultural Industries: The Good, the Bad, and the Ugly, Cultural Economics in Japanese, 2012
Co-Authors: Bunkakeizaigaku

What are the Economic Impacts of Micropayments for Intellectual Properties?, Innovation and Intellectual Property , 2012
Co-Authors: G. Ramello and M. Scherer

Is Efficient Copyright a Reasonable Goal?, George Washington Law Review, 2011

Bundles of Joy: The Ubiquity and Efficiency of Bundles in New Technology Markets, Journal of Competition Law & Economics, 2009
Co-Authors: Stephen Margolis

It’s the Flexible Lending Standards, Stupid, Washington Examiner, 2009

New Evidence on the Foreclosure Crisis, Wall Street Journal, 2009

Should Bailed-Out Homeowners Be Required To Pay Restitution?, Investors Business Daily, 2009

The Myth of Copyright Inefficiency, Regulation Magazine , 2009

Anatomy of a Train Wreck, in National Review, 2008

House of Cards, New York Post, 2008

Testing File-Sharing’s Impact on Music Album Sales in Cities, Management Science, 2008

The Real Scandal: How Feds Invited the Mortgage Mess, New York Post, 2008

Economists Examine File-Sharing and Music Sales, Industrial Organization and the Digital Economy , 2006
Co-Authors: G. Illing and M. Peitz

File-Sharing: Creative Destruction or just Plain Destruction?, Journal of Law and Economics , 2006

How to Best Ensure Remuneration for Creators in the Market for Music? Copyright and its Alternatives, Journal of Economic Surveys, 2006
Co-Authors: Richard Watt

Copyright Reconsidered: A Review of Promises to Keep, Issues in Science and Technology, 2005

Economists’ Topsy-Turvy View of Piracy, The Review of Economic Research on Copyright Issues, 2005

MP3s and copyright collectives: a cure worse than the disease?” Developments in the Economics of Copyright: Research and Analysis, Copyright Issues in Higher Education: A Legal Compendium., 2005
Co-Authors: Wendy Gordon, Lisa Takeyama and Ruth Towse, Edward Elgar

Network Meltdown: A Legacy of Bad Economics, How New is the New Economy, 2005
Co-Authors: E Jansen, Edward Elgar

Pitfalls in Measuring the Impact of File-sharing on the Sound Recording Market, CESifo Economic Studies , 2005

Seventeen Famous Economists Weigh in on Copyright: The Role of Theory, Empirics, and Network Effects, Harvard Journal of Law and Technology, 2005

Lessons from the Internet Bubble, Hitotsubashi Business Review , 2004

The Elusive Symbiosis: The Impact of Radio on the Record Industry, The Review of Economic Research on Copyright Issues, 2004

Will MP3 downloads Annihilate the Record Industry? The Evidence so Far, Advances in the Study of Entrepreneurship, Innovation, and Economic Growth, 2004

Alternative Copyright Systems: The Problems with a Compulsory License, IPcentral.info , 2003

Copyright in the Post Napster World, Copyfights , 2002
Co-Authors: Wayne Crews and Adam Thierer, Cato

An Expensive Pig in a Poke: Estimating the Costs of the District Court’s Proposed Breakup of Microsoft, George Mason Law Review, 2001

Don't Pull the Plug on AOL-Time Warner, Wall Street Journal Europe, 2000
Co-Authors: Steve Margolis

Hey, Remember Microsoft?, Wall Street Journal, 2000

Mission Impossible: Determining the Value of Copyrigh, Administrative Institutions , 2000

Should Microsoft be broken Up: No, Dallas Morning News, 2000

Slim Pickings in Cyberspace, CIO Magazine, 2000

Will the Cure be Worse than the Disease?, Interactive Week, 2000

Windows and the “Applications Barrier to Entry”: Fact or Fantasy?, CEI OnPoint, 2000

Winner Takes What, CIO Magazine, 2000

A Defective Product: Consumer Groups' Study of Microsoft In Need of Recall, CEI OnPoint , 1999

Impacts of Jackson's Actions, New York Newsday, 1999

Judge's Muddled Ruling Bad News for Microsoft but also for Consumers, National Post , 1999

Bill Gate’s Secret? Better Products, Wall Street Journal, 1998

Do We Get Stuck With Inferior Technologies?" , Soziale Schliesung im Prozes der Technologieentwicklung, 1998

Mortgage Discrimination in Boston: Where’s the Bias?, Economic Inquiry, 1998
Co-Authors: Ted Day

Network Effects and Externalities, The New Palgraves Dictionary of Economics and the Law, 1998
Co-Authors: Steve Margolis

Network Effects and Externalities, The New Palgraves Dictionary of Economics and the Law, 1998

Path Dependence, The New Palgraves Dictionary of Economics and the Law, 1998
Co-Authors: Steve Margolis

Path Dependence and Economic Evolution, Jobs and Capital, 1998
Co-Authors: Steve Margolis

Microsoft Can't Help Its Success, San Francisco Chronicle, 1997

Typing Errors, Reason Magazine, 1997
Co-Authors: Steve Margolis

Should Technology Choice be a Concern for Antitrust?, Harvard Journal of Law and Technology, 1996

Are Network Externalities a New Source of Market Failure?, Research in Law and Economics, 1995
Co-Authors: Stephen E. Margolis

Case Against Microsoft As Transparent As A Window, Dallas Morning News, 1995

Don’t Handcuff Technology, Upside Magazine, 1995
Co-Authors: Steve Margolis

Is Microsoft A Threat, Investors Business Daily, Also, Christian Science Monitor and Seattle Times., 1995
Co-Authors: Steve Margolis

Misunderstanding Microsoft, American Civilization, 1995

Path Dependence, Lock-in and History, Journal of Law, Economics and Organization, 1995
Co-Authors: Steve Margolis

Path Dependence: From Qwerty To Windows, Regulation Magazine, 1995
Co-Authors: Steve Margolis

Reply to Invited Comments Regibeau And Gandal, Research In Law And Economics, 1995
Co-Authors: Stephen E. Margolis

Network Externality: An Uncommon Tragedy, The Journal Of Economic Perspectives, 1994
Co-Authors: Stephen E. Margolis

Study Author Misses Basket, Texas Banking, 1994

A Study That Deserves No Credit, Wall Street Journal, 1993

How The Medical Business Of America Got In Such Critical Condition,, Philadelphia Inquirer, 1993

The Fable of the Keys, Journal of Law and Economics, 1990
Co-Authors: Stephen E. Margolis

Assessing Assessments of the Quality of Economics Departments, Quarterly Review of Economics and Business, 1988
Co-Authors: John Palmer

Price Differentials and Price Discrimination: Reply and Extensions, Economic Inquiry, 1988

On The Measurement and Mismeasurement of Monopoly Power, International Review of Law and Economics, 1987

Some Puzzling Behavior by the Owners of Intellectual Products, Contemporary Policy Issues, 1987

Copyright Law, Photocopying and Price Discrimination, 8 Research in Law and Economics, 1986

Copying and Indirect Appropriability: Photocopying of Journals, Journal of Political Economy, 1985

Assessing the Relative Impacts of Economic Journals, Journal of Economic Literature, 1984
Co-Authors: John Palmer

Price Discrimination By Journal Publishers: Its Impact on Copyright Law and Photocopying, European Intellectual Property Review, 1983

The Pricing Practices of the Liquor Control Board of Ontario: Revisited, Canadian Journal Of Economics, 1983
Co-Authors: Guy Bridgeman

Tie-in Sales, Risk Reduction and Price Discrimination, ,” Economic Inquiry, 1983

Durability, Market Structure And New-used Goods Models, American Economic Review, 1982

Journals As Shared Goods: Comment, American Economic Review, 1982
Co-Authors: S. E. Margolis

Measuring Industrial Disequilibria, Southern Economic Journal, 1982

The Impacts of Cable Retransmission on Television Broadcasters, Canadian Journal of Economics, 1982

What Do Census Price-cost Margins Measure, Journal of Law and Economics, 1982



Steven Haynes

Silicon Valley Bank Case Study: The role of the CRO in managing risk programs to prevent bank failures, Journal of Risk Management in Financial Institutions, 2024

Book Review: Workplace Disasters in Modern America., International Journal of Mass Emergencies & Disasters, 2023

Bridging a Gap in the Workers' Compensation System: A Scale Development and Validation of an Employee Workers' Compensation Experience Scale, Compensation & Benefits Review, 2023

Did my app just crash? A case study of the Kakao superapp disruption event, Journal of Business Continuity & Emergency Planning, 2023
Co-Authors: Hefley, B., Green, T.

Integrating local personnel response and recovery capacity: A conceptual model for small to medium enterprise hazard risk analysis, Journal of Business Continuity & Emergency Planning, 2021
Co-Authors: Tony McAleavy

Enhancing adaptive performance in emergency response: Empowerment practices and the moderating role of tempo balance , Safety Science , 2020
Co-Authors: David Hunstman, Alex Greer, and Haley Murphy



Steven Xiao

Do Wall Street Landlords Undermine Renters' Welfare? , Review of Financial Studies, 2023
Co-Authors: Umit Gurun, Jiabin Wu, Serena Wenjing Xiao

Managerial Overconfidence and Market Feedback Effects, Management Science, 2023
Co-Authors: Suman Banerjee, Shiyang Huang, Vikram Nanda

The Market for Corporate Control as a Limit to Short Arbitrage , Journal of Financial and Quantitative Analysis, 2023
Co-Authors: Costanza Meneghetti, Ryan Williams

Tracing the Source of Liquidity for Distressed Housing Markets , Real Estate Economics, 2023
Co-Authors: Rohan Ganduri, Serena Wenjing Xiao

Do Noisy Stock Prices Impede Real Efficiency, Management Science, 2020

Geographic Clustering of Corruption n the US, Journal of Business Ethics, 2020
Co-Authors: Nishant Dass and Vikram Nanda

Intellectual Property Protection and Financial Markets: Patenting vs. Secrecy, Review of Finance, 2020
Co-Authors: Nishant Dass, Vikram Nanda, and Dennis Park

Stock Market Information and Innovative Investment in the Supply Chain, Review of Corporate Finance Studies, 2020
Co-Authors: Lantian Liang and Ryan Williams

Stock-Market Disruptions and Corporate Disclosure Policies, Journal of Corporate Finance, 2020
Co-Authors: Jinglin Jiang and Vikram Nanda

Lending to Innovative Firms, Review of Corporate Finance Studies, 2017
Co-Authors: Sudheer Chava and Vikram Nanda

Truncation bias Corrections in Patent Data: Implications for Recent Research on Innovation, Journal of Corporate Finance, 2017
Co-Authors: Nishant Dass and Vikram Nanda

Public Corruption in the United States: Implications for Local Firms, Review of Corporate Finance Studies, 2016
Co-Authors: Nishant Dass, Vikram Nanda

Culture and R2, Journal of Financial Economics, 2015
Co-Authors: Cheol S. Eun, Lingling Wang



Vikram Nanda

CEO Incentive Contracts, Risk Shifting, and Commitment Benefits of Gender Diverse Boards, British Journal of Management, 2023
Co-Authors: Andrew Prevost and Arun Upadhyay

Corporate Propensity to Dissave, Critical Finance Review,, 2023
Co-Authors: Alexander Vadilyev

Disciplinary Shocks: Say-on-Pay and the Role of Large Shareholders, Review of Quantitative Finance and Accounting, 2023
Co-Authors: Oded Palmon and Meera Behera

Gender and Executive Job Mobility: Evidence from Mergers and Acquisitions, Journal of Financial and Quantitative Analysis, 2023
Co-Authors: Xiaohu Guo, Vishal K Gupta and Sandra Mortal

Managerial Overconfidence and Market Feedback Effects, Management Science, 2023
Co-Authors: Suman Banerjee, Shiyang Huang and Steven Chong Xiao

To Pay or Not to Pay: The Impact of Limiting Executive Compensation, Management Science, 2023
Co-Authors: Sabatino (Dino) Silveri, Kun Wang and Le Zhao

Industry Centrality: Weak Ties, Industry Attributes, and Managerial Contracting, Financial Management, 2022
Co-Authors: Rasha Ashraf and Nishant Dass

The Influence of Learning and Bargaining on CEO-Chair Duality: Evidence from Firms that Pass the Baton, Financial Management, 2022
Co-Authors: Narayanan Jayaraman and Harley E. Ryan, Jr.

Employment Mobility and Pay for Sector Performance, Journal of Corporate Finance, 2021
Co-Authors: Bunyamin Onal, Sabatino (Dino) Silveri and Yun Liu

Geographic Clustering of Corruption in the U.S, Journal of Business Ethics, 2021
Co-Authors: Nishant Dass and Steven Xiao

Intellectual Property Protection and Financial Markets: Patenting versus Secrecy, Review of Finance, 2021
Co-Authors: Nishant Dass, Haemin Dennis Park and Steven Xiao

Stock-Market Disruptions and Corporate Disclosure Policies, Journal of Corporate Finance, 2021
Co-Authors: Jinglin Jian, Steven Xiao

Technology spillovers and capital gains in corporate venture capital investments: evidence from the biopharmaceutical industry, Venture Capital, 2021
Co-Authors: Hyunsung D. Kang and Haemin D. Park

What Do Employees Know? Quality Perception and Over-Satisfaction in Firms Going Public, Journal of Corporate Finance, 2021
Co-Authors: Reza Farhadi

Governance, Board Inattention, and the Appointment of Overconfident CEOs , Journal of Banking and Finance, 2020
Co-Authors: Suman Banerjee, Lili Dai and Mark Laurence Humphery-Jenner

Investor Protection and Capital Fragility: Evidence from Hedge Funds Around the World, Review of Finance Studies, 2020
Co-Authors: George Aragon and Haibei Zhao

Why do private firms hold less cash than public firms? International evidence on cash holdings and borrowing costs , Journal of Banking and Finance, 2020
Co-Authors: Sandra Mortal and Natalia Reisel

Conflicts of Interest and Financial Contracts: Evidence from Syndicated Loans, Financial Management, 2019
Co-Authors: Nishant Dass and Qinghai Wang

Investment Commonality across Insurance Companies: Fire Sale Risk and Corporate Yield Spreads, Journal of Financial and Quantitative Analysis, 2019
Co-Authors: Xing (Alex) Zhou and Wei Wu

Does CEO Bias Escalate Repurchase Activities?, Journal of Banking and Finance, 2018
Co-Authors: Suman Banerjee, Mark Laurence Humphrey-Jenner

Executive Overconfidence and Securities Class Actions, Journal of Financial and Quantitative Analysis, 2018
Co-Authors: Suman Banerjee, Mark Laurence Humphery-Jenner and Mandy Tham

Lending to Innovative Firms, Review of Corporate Finance Studies, 2017
Co-Authors: Sudheer Chava and Steven Chong Xiao

Truncation Bias Corrections in Patent Data: Implications for Recent Research on Innovation, Journal of Corporate Finance, 2017
Co-Authors: Nishant Dass and Steven Chong Xiao

CEO Power and Firm Performance Under Pressure, Financial Management, 2016
Co-Authors: Seonghee Han, Dino Silveri

Executive Overconfidence and Compensation Structure, Journal of Financial Economics, 2016
Co-Authors: Mark Humphrey-Jenner, Ling Lei Lisic, Dino Silveri

Executive Overconfidence and Securities Class Actions, Journal of Financial and Quantitative Analysis, 2016
Co-Authors: Suman Banerjee, Mark Laurence Humphrey-Jenner, Mandy Tham

Incentive Contracting When Boards have Related Industry Expertise, Journal of Corporate Finance, 2016
Co-Authors: Bunyamin Onal

Lending to Innovative Firms, Review of Corporate Finance Studies, 2016
Co-Authors: Sudheer Chava and Steven Chong Xiao

Public Corruption in the United States: Implications for Local Firms, Review of Corporate Finance Studies, 2016
Co-Authors: Nishant Dass, Steven Chong Xiao

Strategic Delays and Clustering in Hedge Fund Reported Returns, Journal of Financial and Quantitative Analysis, 2016
Co-Authors: George Aragon

Truncation Bias Corrections in Patent Data: Implications for Recent Research on Innovation, Journal of Corporate Finance, 2016
Co-Authors: Nishant Dass, Steven Chong Xiao

What Drives Investment Cash Flow Sensitivity Around the World? An Asset Tangibility Perspective, Journal of Banking and Finance, 2016
Co-Authors: Fariborz Moshirian, Alexander Vadilyev, Bohui Zhang

When Crisis Knocks, Call a Powerful CEO (or Not): Investigating the Contingent Link Between CEO Power and Firm Performance During Industry Turmoil, Group and Organization Management, 2016
Co-Authors: Vishal Gupta, Seonghee Han, Dino Silveri

Board Expertise: Do Directors from Related Industries Help Bridge the Information Gap?, Review of Financial Studies, 2014
Co-Authors: Nishant Dass, Omesh Kini, Bunyamin Onal and Jun Wang

Compensation Rigging by Powerful CEOs: A Reply and Cross-Sectional Evidence, Critical Financial Review, 2014
Co-Authors: Adair Morse and Amit Seru

Private Equity Fund Returns and Performance Persistence, Review of Finance, 2014
Co-Authors: Marquez, Yavuz

Trade Credit, Relationship-specific Investment, and Product Market Power, Review of Finance, 2014
Co-Authors: N. Dass, J. R. Kale

Allocation of Decision Rights and the Investment Strategy of Mutual Funds, Journal of Financial Economics, 2013
Co-Authors: Nishant Dass and Qinghai Wang

Internal Capital Market and Dividend Policies: Evidence From Business Groups, Review of Financial Studies, 2013
Co-Authors: Radhakrishnan Gopalan, and Amit Seru

Portfolio Pumping, Trading Activity and Fund Performance, Review of Finance, 2013
Co-Authors: Sugato Bhattacharyya

Do institutions prefer high value acquirers? An analysis of trading in stock-financed mergers, Journal of Financial Research, 2012
Co-Authors: Timothy R. Burch and Sabatino Silveri

Taking Stock or Cashing In? Shareholder Style Preferences, Premiums and the Method of Payment, Journal of Empirical Finance, 2012
Co-Authors: Timothy Burch and Sabatino Silveri

Tournament Behavior in Hedge Funds: High Water Marks, Fund Liquidations and Managerial Stake, Review of Financial Studies, 2012
Co-Authors: George Aragon

Are Incentive Contracts Rigged By Powerful CEOs?, Journal of Finance, 2011
Co-Authors: Adair Morse and Amit Seru

Does poor performance damage the reputation of financial intermediaries? Evidence from the loan syndication market, Journal of Finance, 2011
Co-Authors: Radha Gopalan and Vijay Yerramilli

Payout Policies and Closed-end Fund Discounts: Signaling, agency costs and the role of institutional investors, Journal of Financial Intermediation, 2011
Co-Authors: Jay Wang

The NUA Benefit and Optimal Investment in Company Stock in 401(k) Accounts, Research in Finance, 2010
Co-Authors: Mukesh Bajaj, Sumon Mazumdar and Rahul Surana

Using Auctions to Price Employee Stock Options: The Case of Zion Bancorporation ESOARS, Financial Analysts Journal, 2010
Co-Authors: Sumon Mazumdar and Rahul Surana

The ABCs of Mutual Funds: On the Introduction of Multiple Share Classes Distribution, Journal of Financial Intermediation, 2009
Co-Authors: Jay Wang and Lu Zheng

Affiliated Firms and Financial Support: Evidence from Indian Business Groups, Journal of Financial Economics, 2008
Co-Authors: Radha Gopalan and Amit Seru

Hot Markets, Investor Sentiment and IPO pricing, Journal of Business, 2006
Co-Authors: Alex Ljungqvist and Raj Singh

Does it pay to be loyal?: An empirical analysis of underwriting relationships and fees, Journal of Financial Economics, 2005
Co-Authors: Vince Warther and Tim Burch

What's in a name? The economics of naming business schools, Journal of Business, 2005
Co-Authors: Tim Burch

Bond insurance: What is special about Munis?, Journal of Finance, 2004
Co-Authors: Rajdeep Singh

Do firms time their offerings: Clues from the 1930s and 40s, Lead Financial Management, 2004
Co-Authors: Bill Christie and Tim Burch

Family values and the Star phenomenon, Review of Financial Studies, 2004
Co-Authors: Jay Wang and Lu Zheng

Divisional diversity and the conglomerate Discount: The evidence from spin-offs, Journal of Financial Economics, 2003
Co-Authors: Tim Burch

Resource allocation in conglomerates under moral hazard, Review of Financial Studies, 2003
Co-Authors: Anand Goel and M.P. Narayanan

Internal capital markets and corporate refocusing, Journal of Financial Intermediation, 2002
Co-Authors: John Matsusaka

Liquidity, investment ability and mutual fund structure, Journal of Financial Economics, 2001
Co-Authors: M. P. Narayanan and Vince Warther

Client discretion, switching costs and financial innovation, Review of Financial Studies, 2000
Co-Authors: Sugato Bhattacharyya

Disentangling value: Misvaluation and Divestitures, Journal of Financial Intermediation, 1999
Co-Authors: M. P. Narayanan

Leverage and market stability: The role of margin rules and price limits, Journal of Business, 1998, 1998
Co-Authors: Bhagwan Chowdhry

Financial innovation and investor wealth: A study of the poison put in convertible bonds, Journal of Corporate Finance, 1997
Co-Authors: Youngkeol Yun

Reputation and financial intermediation: An empirical investigation of the impact of IPO mispricing on underwriter market value, Journal of Financial Intermediation, 1997
Co-Authors: Youngkeol Yun

Tender offers, proxy contests and large shareholder activism, Journal of Economics and Management Strategy, 1997
Co-Authors: Sudipto Dasgupta

Stabilization, syndication and pricing of IPOs, Journal of Finance and Quantitative Analysis, 1996
Co-Authors: Bhagwan Chowdhry

Financing of multinational subsidiaries: Parent debt vs. external debt, Journal of Corporate Finance, 1994
Co-Authors: Bhagwan Chowdhry

Free cash flow, shareholder value and the undistributed profits tax of 1936-37, Journal of Finance, 1994
Co-Authors: William Christie

Repurchase premia as a reason for dividends: A dynamic model of corporate payout policies, Review of Financial Studies, 1994
Co-Authors: Bhagwan Chowdhry

Bargaining and brinkmanship: Capital structure choice by regulated firms, International Journal of Industrial Organization, 1993
Co-Authors: Sudipto Dasgupta

Common stock offerings across the business cycle: Theory and evidence, Journal of Empirical Finance, 1993
Co-Authors: Hyuk Choe and Ronald Masulis

The Strategic Role of Debt in Takeover Contests, Journal of Finance, 1993
Co-Authors: Bhagwan Chowdhry

Trading and manipulation around seasoned equity offerings, Journal of Finance, 1993
Co-Authors: Bruno Gerard

Multi-market trading and market liquidity, Review of Financial Studies, 1991
Co-Authors: Bhagwan Chowdhry

On the good news in equity carve-outs, Journal of Finance, 1991

Does CEO Bias Escalate Repurchase Activities?, Journal of Banking and Finance
Co-Authors: Suman Banerjee, Mark Laurence Humphrey-Jenner



Xiaoxiao Tang

A Bound on Expected Stock Returns, Review of Financial Studies, 2020
Co-Authors: Ohad Kadan

Volatility-Managed Portfolio: Does It Really Work?, Journal of Portfolio Management, 2019
Co-Authors: Fang Liu and Guofu Zhou

Out-of-sample equity premium prediction: A scenario analysis approach, Journal of Forcasting, 2018
Co-Authors: Peiming Wang and Feifang Hu



Yexiao Xu

Sell-Side Analyst Research and Stock Comovement, Journal of Accounting Research, 2014
Co-Authors: Volkan Mulslu and Michael Rebello

Dividend Distributions, and Closed-End Fund Discounts, Journal of Financial Economics, 2011
Co-Authors: Ted Day and Zhengzheng Li

Unique Symptoms of Japanese Stagnation: An Equity Market Perspective, Journal of Money, Credit, and Banking, 2007
Co-Authors: Yasushi Hamao and Jianping Mei

Small Levels of Predictability and Large Economic Gains, Journal of Empirical Finance, 2004

What Determines Chinese Stock Returns, Financial Analyst Journal, 2004
Co-Authors: Fenghua Wang

Investigating the Behavior of Idiosyncratic Volatility, Journal of Business, 2003
Co-Authors: Burton G. Malkiel

Biases in Using Jensen's Alpha, Advances in Investment Analysis and Portfolio Management, 2001

Have Individual Stocks Become More Volatile? An Empirical Exploration of Idiosyncratic Risk, Journal of Finance, 2001
Co-Authors: John Campbell, Martin Lettau, and Burton G. Malkiel

Identifying the Factor Structure of Equity Returns, Journal of Portfolio Management, 2001
Co-Authors: Larry J. Merville and Suzanne Hayes-Yelken

Risk and Return Revisited, Journal of Portfolio Management,, 1997
Co-Authors: Burton G. Malkiel

A Comparison of Semi-parametric and Partially Adaptive Estimators of the Censored Regression Model with Possibly Skewed and Leptokurtic Error Distributions, Economics Letters, 1996
Co-Authors: James B. McDonald

A Generalization of the Beta Distribution with Applications, Journal of Econometrics, 1995
Co-Authors: James B. McDonald

Some Forecasting Applications of Partially Adaptive Estimators of ARIMA Models, Economics Letters, 1994
Co-Authors: James B. McDonald

An Empirical Investigation of Size of the Likelihood Ratio Test Statistics, Communication in Statistics: Simulation and Computation, 1992
Co-Authors: J. B. McDonald