Forthcoming

• Bansal, Ravi, Robert Dittmar, and Dana Kiku, "Cointegration and Consumption Risks in Asset Returns," forthcoming Review of Financial Studies. [Download]
• Beber, Alessandro, and Michael W. Brandt, "The Effect of Macroeonomic News on Beliefs and Preferences: Evidence from the Options Market," forthcoming Journal of Monetary Economics. [Download]
• Beber, Alessandro, Michael W. Brandt, and Kenneth A. Kavajecz, "Flight-to-Quality or Flight-to-Liquidity? Evidence from the Euro-Area Bond Market," forthcoming Review of Financial Studies. [Download]
• Bekaert, Geert, Campbell R. Harvey, and Chris Lundblad, "Liquidity and Expected Returns: Lessons from Emerging Markets," forthcoming Review of Financial Studies. [Download]
• Brandt, Michael W., "Portfolio choice problems," in Y. Ait-Sahalia and L.P. Hansen (eds.), Handbook of Financial Econometrics. [Download]
• Brandt, Michael W., Pedro Santa-Clara, and Rossen Valkanov, "Parametric Portfolio Policies: Exploiting Characteristics in the Cross Section of Equity Returns," forthcoming Review of Financial Studies. [Download]
• Brav, Alon, Wei Jiang, Frank Partnoy, and Randall Thomas, "Hedge Fund Activism, Corporate Governance, and Firm Performance," forthcoming Journal of Finance. [Download]
• Carlin, Bruce, and Simon Gervais, "Work Ethic, Employment Contracts, and Firm Value," forthcoming Journal of Finance. [Download]
• Drucker, Steve, and Manju Puri, "On Loan Sales, Loan Contracting and Lending Relationships," forthcoming Review of Financial Studies. [Download]
• Eisfeldt, Andrea, and Adriano Rampini, "Leasing, Ability to Repossess, and Debt Capacity," forthcoming Review of Financial Studies. [Download]
• William Fung, and David A. Hsieh, "Will Hedge Funds Regress Towards Index-like Products?" forthcoming Journal of Investment Management. [Download]
• William Fung, David A. Hsieh, Narayan Naik, and Tarun Ramadorai, "Hedge Funds: Performance, Risk and Capital Formation," forthcoming Journal of Finance. [Download]
• Graham, John R., Si Li, and Jiaping Qiu, "Corporate Misreporting and Bank Loan Contracting," forthcoming Journal of Financial Economics. [Download]
• Graham, John R., and Lilian Mills, "Using Tax Return Data to Simulate Corporate Marginal Tax Rates," forthcoming Journal of Accounting and Economics. [Download]
• Harvey, Campbell R., John C. Liechty, and Merrill W. Liechty, "Bayes vs. Markowitz: A Rematch," forthcoming Journal of Investment Management. [Download]
• Hellmann, Thomas, Laura Lindsey, and Manju Puri, "Building Relationships Early: Banks in Venture Capital," forthcoming Review of Financial Studies. [Download]
• Kaniel, Ron, Stathis Tompaidis, and Alex Zemlianov, "Efficient Computation of Hedging Parameters for Discretely Exercisable Options," forthcoming Operations Research. [Download]
• Kyle, Albert S., and S. Viswanathan, "How to Define Illegal Price Manipulation," forthcoming American Economic Review. [Download]
• Mathews, Richmond D., and David Robinson, "Market Structure, Internal Capital Markets, and the Boundaries of the Firm" forthcoming Journal of Finance. [Download]
• Puri, Manju, and Jorg Rocholl, "On the Importance of Retail Banking Relationships," forthcoming Journal of Financial Economics. [Download]
• Robinson, David T., "Strategic Alliances and the Boundaries of the Firm," forthcoming Review of Financial Studies. [Download]
• van Binsbergen, Jules H., Michael W. Brandt, and Ralph S.J. Koijen, "Optimal Decentralized Investment Management," forthcoming Journal of Finance. [Download]
• Viswanathan, S., and Bin Wei, "Endogenous Events and Long Run Returns," forthcoming Review of Financial Studies. [Download]
  

2008

• Bisin, Alberto, Piero Gottardi, and Adriano Rampini, 2008, "Managerial Hedging and Portfolio Monitoring," Journal of the European Economic Association 6, 158-209.
• DeMarzo, Peter, Ron Kaniel, and Ilan Kremer, 2008, "Relative Wealth Concerns and Financial Bubbles," Review of Financial Studies 21(1), 19-50.
• Eisfeldt, Andrea, and Adriano Rampini, 2008, "Managerial Incentives, Capital Reallocation, and the Business Cycle," Journal of Financial Economics 87, 177-199.
• Kaniel, Ron, Gideon Saar, and Sheridan Titman, 2008, "Individual Investor Trading and Stock Returns," Journal of Finance 63(1), 273-310.
• Rhodes-Kropf, Matthew, and David T. Robinson, 2008, "The Market for Mergers and the Boundaries of the Firm," Journal of Finance 63(3).

2007

• Bansal, Ravi, 2007, "Long-Run Risks and Risk Compensation in Equity Markets," in R. Mehra (ed.), Equity Premium Handbook.
• Bansal, Ravi, A. Ronald Gallant, and George Tauchen, 2007, "Rational Pessimism, Rational Exuberance, and Asset Pricing Models," Review of Economic Studies 74(4), 1005-1033.
• Bekaert, Geert, Campbell R. Harvey, Chris Lundblad, and Stephan Siegel, 2007, "Growth Opportunities and Market Integration," Journal of Finance 62, 1081-1138.
• Brandt, Michael W., Kenneth A. Kavajecz, and Shane E. Underwood, 2007, "Price Discovery in the Treasury Futures Market," Journal of Futures Markets 27, 1021-1051.
• Brusco, Sandro, Guiseppe Lopomo, David T. Robinson, and S. Viswanathan, 2007, "Efficient Mechanisms for Mergers and Acquisitions," International Economic Review 48(3), 995-1035.
• Carlin, Bruce Ian, Miguel Lobo, and S. Viswanathan, 2007, "Episodic Liquidity Crisis: Cooperative and Predatory Trading," 2007, Journal of Finance 62(5), 2235-2274.
• DeMarzo, Peter, Ron Kaniel, and Ilan Kremer, 2007, "Technological Innovation and Real Investment Booms and Busts," Journal of Financial Economics 85(3), 735-754.
• Drucker, Steve, and Manju Puri, 2007, "Banks in Capital Markets," in E. Eckbo (ed.), Empirical Corporate Finance, Handbooks in Finance, North-Holland Publishers, 189-232.
• Eisfeldt, Andrea, and Adriano Rampini, 2007, "New or Used? Investment with Credit Constraints," Journal of Monetary Economics 54, 2656–2681.
• William Fung, and David A. Hsieh, 2007, "Hedge Fund Replication Strategies: Implications for Investors and Regulators," Banque de France Financial Stability Review 10, 55-66.
• Gervais, Simon, and Itay Goldstein, 2007, "The Positive Effects of Biased Self-Perceptions in Firms," Review of Finance 11(3), 453-496.
• Graham, John R., and Campbell R. Harvey, 2007, "The Equity Risk Premium in January 2007: Evidence from the Global CFO Outlook Survey," Financial Risk Management 4, 46-61.
• Mathews, Richmond D., 2007, "Optimal Equity Stakes and Corporate Control," Review of Financial Studies 20, 1059-1086.
• Puri, Manju, and David Robinson, 2007, "Optimism and Economic Choice," Journal of Financial Economics 86, 71-99.
• Robinson, David T., and Toby Stuart, 2007, "Financial Contracting in Biotech Strategic Alliances," Journal of Law and Economics 50(3).
• Robinson, David T., and Toby Stuart, 2007, "Network Effects in the Governance of Biotech Strategic Alliances," Journal of Law, Economics, and Organization 23(1), 242-273.
• van Binsbergen, Jules H., and Michael W. Brandt, 2007, "Solving Dynamic Portfolio Choice Problems by Recursing on Optimized Portfolio Weights or on the Value Function?" Computational Economics 29, 355-368.
  

2006

• Bekaert, Geert, Campbell R. Harvey, and Chris Lundblad, 2006, "Growth Volatility and Equity Market Liberalization," Journal of International Money and Finance 25(3), 370-403.
• Bisin, Alberto, and Adriano Rampini, 2006, "Markets as Beneficial Constraints on the Government," Journal of Public Economics 90, 601-629.
• Brandt, Michael W., John H. Cochrane, and Pedro Santa-Clara, 2006, "International Risk Sharing is Better Than You Think, or Exchange Rates are Too Smooth," Journal of Monetary Economics 53, 671-698.
• Brandt, Michael W., and Francis X. Diebold, 2006, "A No-Arbitrage Approach to Range-Based Estimation of Return Covariances and Correlations," Journal of Business 79, 61-73.
• Brandt, Michael W., and Christopher S. Jones, 2006, "Volatility Forecasting with Range-Based EGARCH Models," Journal of Business and Economic Statistics 24, 470-486.
• Brandt, Michael W., and Pedro Santa-Clara, 2006, "Dynamic Portfolio Selection by Augmenting the Asset Space," Journal of Finance 61, 2187-2217.
• Edwards, Courtney, John R. Graham, Mark Lang, and Doug Shackelford, 2006, "Employee Stock Options and Taxes," Journal of Investment Management 4, 1-10.
• Eisfeldt, Andrea, and Adriano Rampini, 2006, "Capital Reallocation and Liquidity," Journal of Monetary Economics 53, 369-399.
• Erb, Claude, Campbell R. Harvey, 2006, "The Strategic and Tactical Value of Commodity Futures," Financial Analysts Journal 62(2), 69-97.
• William Fung, and David A. Hsieh, 2006, "Hedge Funds: An Industry in Its Adolescence," Federal Reserve Bank of Atlanta Economic Review 91, 1-33.
• Gallmeyer, Michael, Ron Kaniel, and Stathis Tompaidis, 2006, "Tax Management Strategies with Multiple Risky Assets," Journal of Financial Economics 80(2), 243-291.
• Graham, John R., 2006, "A Review of Taxes and Corporate Finance," Foundations and Trends in Finance, 1(7), 573-691.
• Graham, John R., 2006, "Taxes and Corporate Finance," in B. E. Eckbo (ed.), Handbook of Corporate Finance.
• Graham, John R., Campbell R. Harvey, and Shiva Rajgopal, 2006, "Value Destruction and Financial Reporting Decisions," Financial Analysts Journal 62, 27-39.
• Graham, John R., Jennifer Koski, and Uri Loewenstein, 2006, "Information Flow and Liquidity Around Anticipated and Unanticipated Dividend Announcements," Journal of Business 79, 2301-2336.
• Graham, John R., and Alok Kumar, 2006, "Do Dividend Clienteles Exist? Evidence on Dividend Preferences of Retail Investors," Journal of Finance 61, 1305-1336.
• Graham, John R., and Alan Tucker, 2006, "Tax Shelters and Corporate Debt Policy," Journal of Financial Economics 81, 563-594.
• Hou, Kewei, and David T. Robinson, 2006, "Industry Concentration and Average Stock Returns," Journal of Finance 61(4), 1927-1956.
• Kaniel, Ron, and Hong Liu, 2006, "So What Orders Do Informed Traders Use?" Journal of Business 79(4), 1867-1913.
• Mathews, Richmond D., 2006, "Strategic Alliances, Equity Stakes, and Entry Deterrence," Journal of Financial Economics 80, 35-79.
• Zarutskie, Rebecca, 2006, "Evidence on the Effects of Bank Competition on Firm Borrowing and Investment," Journal of Financial Economics 81(3), 503-537.

2005

• Bansal, Ravi, Robert F. Dittmar, and Christian T. Lundblad, 2005, "Consumption, Dividends, and the Cross Section of Equity Returns," Journal of Finance 60(4), 1639-1672.
• Bansal, Ravi, Varoujan Khatchatrianb, and Amir Yaron, 2005, "Interpretable asset markets?" European Economic Review 49(3), 531-560.
• Bekaert, Geert, Campbell R. Harvey, and Chris Lundblad, 2005, "Does Financial Liberalization Spur Growth," Journal of Financial Economics 77, 3-56.
• Bisin, Alberto, and Adriano Rampini, 2005, "Exclusive Contracts and the Institution of Bankruptcy," Economic Theory 27, 277-304.
• Brandt, Michael W., and Christopher S. Jones, 2005, "Bayesian Range-Based Estimation of Stochastic Volatility Models," Finance Research Letters 2, 201-209.
• Brandt, Michael W., Amit Goyal, Pedro Santa-Clara, and Jonathan R. Stroud, 2005, "A Simulation Approach to Dynamic Portfolio Choice with an Application to Learning About Return Predictability," Review of Financial Studies 18, 831-873.
• Brav, Alon, John R. Graham, Campbell R. Harvey, and Roni Michaely, 2005, "Payout Policy in the 21st Century", Journal of Financial Economics 77(3), 483-527.
• Brav, Alon, Reuven Lehavy and Roni Michaely, 2005, "Using Expectations to Test Asset Pricing Models", Financial Management 34(3), 31-64.
• Drucker, Steve, and Manju Puri, 2005, "On the Benefits of Concurrent Lending and Underwriting," Journal of Finance 60(6), 2763-2800.
• Gande, Amar, and Manju Puri, 2005, "Enhancing Security Value by Ownership Restrictions: Evidence from a Natural Experiment," Financial Management 34(4), 35-64.
• Gervais, Simon, Anthony W. Lynch, and David K. Musto, 2005, "Fund Families as Delegated Monitors of Money Managers," Review of Financial Studies 18(4), 1139-1169.
• Graham, John R., and Campbell R. Harvey, 2005, "The Long-Run Equity Risk Premium," Finance Research Letters 2, 185-194.
• Graham, John R., Campbell R. Harvey, and Shiva Rajgopal, 2005, "The Economic Implications of Corporate Financial Reporting," Journal of Accounting and Economics 40, 3-73.
• Rampini, Adriano, 2005, "Default and Aggregate Income,'' Journal of Economic Theory 122, 225-253.
• Rhodes-Kropf, Matthew, David T. Robinson, and S. Viswanathan, 2005, "Valuation Waves and Merger Waves: The Empirical Evidence," Journal of Financial Economics 77(3), 561-603.
• Rhodes-Kropf, Matthew, and S. Viswanathan, 2005, "Financing Auction Bids," Rand Journal of Economics 36, 789-815.