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Submissions from 2015

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Activism Mergers, Nicole M. Boyson, Nickolay Gantchev, and Anil Shivdasani

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Business School Networks and VC-backed Startups, Ye Cai, Nickolay Gantchev, and Merih Sevilir

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Shareholder Voting and Corporate Governance Around the World, Peter Iliev, Karl V. Lins, Darius P. Miller, and Lukas Roth

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The Labor Market for Directors and Externalities in Corporate Governance: Evidence from the International Labor Market, Ugur Lel and Darius P. Miller

Submissions from 2014

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Which Skills Matter in the Market for CEOs? Evidence from Pay for CEO Credentials, Antonio Falato, Dan Li, and Todd T. Milbourn

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Sovereign Credit Ratings, Transparency and International Portfolio Flows, Amar Gande and David C. Parsley

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The Empirical Analysis of Liquidity, Craig W. Holden, Stacey E. Jacobsen, and Avanidhar Subrahmanyam

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Uninvited U.S. Investors? Economic Consequences of Involuntary Cross-Listings, Peter Iliev, Darius P. Miller, and Lukas Roth

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CEO Equity Incentives and Financial Misreporting: The Role of Auditor Expertise, Sudarshan Jayaraman and Todd T. Milbourn

Submissions from 2013

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Informed Trading and Price Discovery before Corporate Events, Shmuel Baruch, Marios A. Panayides, and Kumar Venkataraman

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Mark-to-Market Accounting and Systemic Risk: Evidence from the Insurance Industry, Andrew Ellul, Chotibhak Jotikasthira, Christian T. Lundblad, and Yihui Wang

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Do Qualifications Matter? New Evidence on Board Functions and Director Compensation, Viktar Fedaseyeu, James S. Linck, and Hannes F. Wagner

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Governance under the Gun: Spillover Effects of Hedge Fund Activism, Nickolay Gantchev, Oleg Gredil, and Chotibhak Jotikasthira

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What Will it Do for My EPS? An Unflattering But Powerful Motive for Mergers, Gerald T. Garvey, Todd T. Milbourn, and Kangzhen Xie

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CEO Compensation and Corporate Risk: Evidence from a Natural Experiment, Todd A. Gormley, David A. Matsa, and Todd T. Milbourn

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Quantifying Tail Risk with Low-Frequency Data, Mattia Landoni and Ravi Sastry

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Information, Competition, and Investment Sensitivity to Peer Stock Prices, Arzu Ozoguz and Michael J. Rebello

Submissions from 2012

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Market Conditions, Fragility and the Economics of Market Making, Amber Anand and Kumar Venkataraman

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Liquidity, Resiliency and Market Quality Around Predictable Trades: Theory and Evidence, Hendrik Bessembinder, Allen Carrion, Laura A. Tuttle, and Kumar Venkataraman

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Trading Activity and Transaction Costs in Structured Credit Products, Hendrik Bessembinder, William F. Maxwell, and Kumar Venkataraman

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Is Historical Cost Accounting a Panacea? Market Stress, Incentive Distortions, and Gains Trading, Andrew Ellul, Chotibhak Jotikasthira, Christian T. Lundblad, and Yihui Wang

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CEO Pay and the Market for CEOs, Antonio Falato, Todd T. Milbourn, and Dan Li

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Why Do U.S. Securities Laws Matter to Non-U.S. Firms? Evidence from Private Class-Action Lawsuits, Amar Gande and Darius P. Miller

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Institutional Trading and Hedge Fund Activism, Nickolay Gantchev and Chotibhak Jotikasthira

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Duration of Executive Compensation, Radhakrishnan Gopalan, Todd T. Milbourn, Fenghua Song, and Anjan V. Thakor

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Liquidity Measure Distortions in Fast Markets: Expensive and Cheap Solutions, Craig W. Holden and Stacey E. Jacobsen

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Liquidity Measurement Problems in Fast, Competitive Markets: Expensive and Cheap Solutions, Craig W. Holden and Stacey E. Jacobsen

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The Death of the Deal: Are Withdrawn Acquisition Deals Informative of CEO Quality?, Stacey E. Jacobsen

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The Effect of Auditor Expertise on Executive Compensation, Sudarshan Jayaraman and Todd T. Milbourn

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Why Do Term Structures in Different Currencies Comove?, Chotibhak Jotikasthira, Anh Le, and Christian T. Lundblad

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How Do Foreign Investors Impact Domestic Economic Activity? Evidence from China and India, Chotibhak Jotikasthira, Christian T. Lundblad, and Tarun Ramadorai

Submissions from 2011

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Is Historical Cost Accounting a Panacea? Market Stress, Incentive Distortions, and Gains Trading, Andrew Ellul, Chotibhak Jotikasthira, Christian T. Lundblad, and Yihui Wang

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CEO Compensation and Risk-Taking at Financial Firms: Evidence from U.S. Federal Loan Assistance, Amar Gande and Swaminathan L. Kalpathy

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Why Do U.S. Securities Laws Matter to Non-U.S. Firms? Evidence from Private Class-Action Lawsuits, Amar Gande and Darius P. Miller

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Why Do U.S. Securities Laws Matter to Non-U.S. Firms? Evidence from Private Class-Action Lawsuits, Amar Gande and Darius P. Miller

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Does Shareholder Coordination Matter? Evidence from Private Placements, Nickolay Gantchev and Indraneel Chakraborty

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Refinancing Risk and Cash Holdings, Jarrad Harford, Sandy Klasa, and William F. Maxwell

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The Breakdown of Standard Microstructure Techniques: And What to Do About it, Craig W. Holden and Stacey E. Jacobsen

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The Role of Stock Liquidity in Executive Compensation, Sudarshan Jayaraman and Todd T. Milbourn

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The Flash Crash: High-Frequency Trading in an Electronic Market, Andrei A. Kirilenko, Albert S. Kyle, Mehrdad Samadi, and Tugkan Tuzun

Submissions from 2010

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Penny Wise, Dollar Foolish: Buy-Sell Imbalances On and Around Round Numbers, Utpal Bhattacharya, Craig W. Holden, and Stacey E. Jacobsen

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Vertical Integration to Avoid Contracting with Potential Competitors: Evidence from Bankers’ Banks, James A. Brickley, James S. Linck, and Clifford W. Smith

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Know Thy Neighbor: Industry Clusters, Information Spillovers and Market Efficiency, Joseph Engelberg, Arzu Ozoguz, and Sean Wang

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The Costs of Shareholder Activism: Evidence from a Sequential Decision Model, Nickolay Gantchev

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The Optimal Duration of Executive Compensation: Theory and Evidence, Radhakrishnan Gopalan, Todd T. Milbourn, Fenghua Song, and Anjan V. Thakor

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Shareholder Voting and Corporate Governance Around the World, Peter Iliev, Karl V. Lins, Darius P. Miller, and Lukas Roth

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Uninvited U.S. Investors? Economic Consequences of Involuntary Cross-Listings, Peter Iliev, Darius P. Miller, and Lukas Roth

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The 'Real' Value of Conflicted Analyst Coverage, Stacey E. Jacobsen, Irina Stefanescu, and Xiaoyun Yu

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Financial Misreporting and Executive Compensation: The Qui Tam Statute, Sudarshan Jayaraman and Todd T. Milbourn

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Does Takeover Activity Cause Managerial Discipline? Evidence from International M&A Laws, Ugur Lel and Darius P. Miller

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Can Managers Use Discretionary Accruals to Ease Financial Constraints? Evidence from Discretionary Accruals Prior to Investment, James S. Linck, Jeffry M. Netter, and Tao Shu

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Analyst Forecast Characteristics and the Cost of Debt, Sattar Mansi, William F. Maxwell, and Darius P. Miller

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Bankruptcy Prediction Models and the Cost of Debt, Sattar Mansi, William F. Maxwell, and Andrew (Jianzhong) Zhang

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Risk Management Research Report - Spring 2010, Christophe Perignon, Daniel R Smith, Bing Liang, and Hyuna Park

Submissions from 2009

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Institutional Trading and Stock Resiliency: Evidence from the 2007-2009 Financial Crisis, Amber Anand, Andy Puckett, Paul J. Irvine, and Kumar Venkataraman

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Measuring Abnormal Bond Performance, Hendrik Bessembinder, Kathleen M. Kahle, William F. Maxwell, and Danielle Xu

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The Value Sphere: The Corporate Executives' Handbook for Creating and Retaining Shareholder Wealth (4th Edition), John Boquist, Todd T. Milbourn, and Anjan V. Thakor

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Regulatory Pressure and Fire Sales in the Corporate Bond Market, Andrew Ellul, Chotibhak Jotikasthira, and Christian T. Lundblad

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Regulatory Pressure and Fire Sales in the Corporate Bond Market, Andrew Ellul, Chotibhak Jotikasthira, and Christian T. Lundblad

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Strategic Flexibility and the Optimality of Pay for Sector Performance, Radhakrishnan Gopalan, Todd T. Milbourn, and Fenghua Song

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Asset Fire Sales and Purchases and the International Transmission of Funding Shocks, Chotibhak Jotikasthira, Christian T. Lundblad, and Tarun Ramadorai

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The Effects and Unintended Consequences of the Sarbanes-Oxley Act on the Supply and Demand for Directors, James S. Linck, Jeffry M. Netter, and Tina Yang

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Do Country Level Investor Protections Impact Security Level Contract Design? Evidence from Foreign Bond Covenants, Darius P. Miller and Natalia Reisel

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Do Country-Level Investor Protections Impact Security-Level Contract Design? Evidence from Foreign Bond Covenants, Darius P. Miller and Natalia Reisel

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Good Times or Bad Times? Investors' Uncertainty and Stock Returns, Arzu Ozoguz

Submissions from 2008

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The Use of Foreign Currancy Derivatives, Corporate Governance, and Firm Value Around the World, George Allayannis, Ugur Lel, and Darius P. Miller

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Performance of Institutional Trading Desks: An Analysis of Persistence in Trading Cost, Amber Anand, Paul J. Irvine, Andy Puckett, and Kumar Venkataraman

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How Did Increased Competition Affect Credit Ratings?, Bo Becker and Todd T. Milbourn

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Earnings Quality and Information Asymmetry: Evidence from Trading Costs, Neil Bhattacharya, Hemang Desai, and Kumar Venkataraman

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Penny Wise, Dollar Foolish: The Left-Digit Effect in Security Trading, Utpal Bhattacharya, Craig W. Holden, and Stacey E. Jacobsen

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How Well Do Investors Process (More Subtle) Information? The Case of Employee Stock Options, Jian Cai, Gerald T. Garvey, and Todd T. Milbourn

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The Impact of Legal and Political Institutions on Equity Trading Costs: A Cross-Country Analysis, Venkat Eleswarapu and Kumar Venkataraman

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Escape from New York: The Market Impact of Loosening Disclosure Requirements, Nuno Fernandes, Ugur Lel, and Darius P. Miller

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Valuation Effects of Global Diversification, Amar Gande, Christoph Schenzler, and Lemma W. Senbet

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Strategic Flexibility and the Optimality of Pay for Luck, Radhakrishnan Gopalan, Todd T. Milbourn, and Fenghua Song

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On Economies of Scale and Persistent Performance in Corporate-Bond Mutual Funds, Roberto C. Gutierrez, William F. Maxwell, and Danielle Xu

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Transparency and the Corporate Bond Market, William F. Maxwell and Hendrik Bessembinder

Submissions from 2007

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Do Foreigners Facilitate Information Transmission in Emerging Markets?, Kee-Hong Bae, Arzu Ozoguz, Hongping Tan, and Tony S. Wirjanto

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Hidden Liquidity: An Analysis of Order Exposure Strategies in Electronic Stock Markets, Hendrik Bessembinder, Marios A. Panayides, and Kumar Venkataraman

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Does Earnings Quality Affect Information Asymmetry? Evidence from Trading Costs, Neil Bhattacharya, Hemang Desai, and Kumar Venkataraman

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On Distinguishing Between Valuation and Arbitrage Motivated Short Selling, Hemang Desai, Srinivasan Krishnamurthy, and Kumar Venkataraman

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A Reexamination of the Tradeoff Between the Future Benefit and Riskiness of R&D Increases, Allan Eberhart, William F. Maxwell, and Akhtar R. Siddique

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Corporate Governance and Firm Cash Holdings, Jarrad Harford, Sattar Mansi, and William F. Maxwell

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The Strategic Use of Corporate Cash Holdings in Collective Bargaining with Labor Unions, Sandy Klasa, William F. Maxwell, and Hernan Ortiz-Molina

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International Cross-Listing, Firm Performance and Top Management Turnover: A Test of the Bonding Hypothesis, Darius P. Miller and Ugur Lel

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Endogeneity and the Dynamics of Internal Corporate Governance, M. Babajide Wintoki, James S. Linck, and Jeffry M. Netter

Submissions from 2006

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Externalities and Corporate Investment, Evrim Akdogu and Peter MacKay

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Investment and Competition, Evrim Akdogu and Peter MacKay

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Stockholder and Bondholder Wealth Effects of CEO Incentive Grants, Matthew T. Billett, David C. Mauer, and Yilei Zhang

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How the Amt Affect Long-Term Capital Gain Rates, Charles Carslaw, Richard Mason, and John Mills

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Does the Stock Market Underreact to R&D Increases?, Allan Eberhart, William F. Maxwell, and Akhtar R. Siddique

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Does Corporate Performance Determine Capital Structure and Dividend Policy?, Michael W. Faulkender, Anjan V. Thakor, and Todd T. Milbourn

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Shareholder Initiated Class Action Lawsuits: Shareholder Wealth Effects and Industry Spillovers, Amar Gande and Craig M. Lewis

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Are Banks Still Special When There is a Secondary Market for Loans?, Amar Gande and Anthony Saunders

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The Valuation Consequences of Voluntary Accounting Changes, James S. Linck, Thomas J. Lopez, and Lynn L. Rees

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Creditor Protection Laws and the Cost of Debt, Sattar Mansi, William F. Maxwell, and John K. Wald

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The Collateral Value of Fine Art, Rex Thompson and Clare McAndrew

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The Value of the Designated Market Maker, Kumar Venkataraman and Andy Waisburd

Submissions from 2005

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Measuring Abnormal Bond Performance, Hendrik Bessembinder, Kathleen M. Kahle, William F. Maxwell, and Danielle Xu

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Market Transparency, Liquidity Externalities, and Institutional Trading Costs in Corporate Bonds, Hendrik Bessembinder, William F. Maxwell, and Kumar Venkataraman