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Submissions from 2025

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The Impact of Risk Management Mandates: Evidence from Variable Annuities, Cameron Ellis, Andrew Ellul, Chotibhak Jotikasthira, and Jianren Xu

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Jurisdictional Competition and Corporate Law: The Rise of Delaware and the Fall of New Jersey, Shane Goodwin, PhD

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The Texas Two-Step: Rewriting the Rules in the Battle for Corporate Domicile, Shane Goodwin, PhD

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The Hidden Costs of Financial Services: Consumer Complaints and Financial Restitution, Charlotte Haendler and Rawley Heimer

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Cross Trading in the Corporate Bond Market, Lina Han, Stacey E. Jacobsen, Jayoung Nam, and Veronika Krepely Pool

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Human Capital and Local Credit Supply: Evidence from the Mortgage Industry, Ruidi Huang, Erik J. Mayer, Sheridan Titman, and David X Xu

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Illiquidity Meets Intelligence: AI-Driven Price Discovery in Corporate Bonds, Stacey E. Jacobsen, Kumar Venkataraman, and David X Xu

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Strategic Claim Payment Delays? Evidence from Property and Casualty Insurance, Chotibhak Jotikasthira, Anastasia Kartasheva, Christian T. Lundblad, and Tarun Ramadorai

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Liquidity Provision in a One-Sided Market: The Role of Dealer-Hedge Fund Relationships, Mathias S. Kruttli, Marco Macchiavelli, Phillip Monin, and Xing (Alex) Zhou

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Quantity vs. Value: Divergent Innovation Outcomes Under Chinese Import Pressure, Erik Lie and Keyang Daniel Yang

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Organizational Forms, Taxation, and Capital: New Evidence, Tarun Patel and Wayne Shaw

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The Growing Index Effect in the Corporate Bond Market, Sean Seunghun Shin, Xing (Alex) Zhou, and Qifei Zhu

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Portfolio Dynamics and the Supply of Safe Securities, David X Xu

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The Weighting Bias, Feng Zhang

Submissions from 2024

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Dividend yield, dividend payers and cross-sectional return prediction, Seong Jin Ahn, Charles (Chad) Ham, Zachary Kaplan, and Todd T. Milbourn

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Retail Limit Orders, Amber Anand, Mehrdad Samadi, Jonathan S. Sokobin, and Kumar Venkataraman

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CECL Adoption and the Contractual Usefulness of Accounting Earnings in Bank CEO Compensation, Ilona Babenko, Benjamin Bennett, Gauri Bhat, and Todd T. Milbourn

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Firm-Level Litigation Risk: Measurement and Effects, Benjamin Bennett, Charles (Chad) Ham, Todd T. Milbourn, and Zexi Wang

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The Role of Skilled Labor in Income-based Government-directed Bank Lending, Indraneel Chakraborty, Vidhi Chhaochharia, Rong Hai, and Prithu Vatsa

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Social Priorities, Institutional Quality, and Investment, Amar Gande, Kose John, Guanmin Liao, Lemma W. Senbet, and Xiaoyun Yu

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Bond Price Fragility and the Structure of the Mutual Fund Industry, Mariassunta Giannetti and Chotibhak Jotikasthira

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Intermediary Balance Sheet Constraints, Bond Mutual Funds' Strategies, and Bond Returns, Mariassunta Giannetti, Chotibhak Jotikasthira, Andreas C. Rapp, and Martin Waibel

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Corporate Governance and Hedge Fund Activism, Shane Goodwin, PhD

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Forging the Future of Business Education: Rigor, Relevance, and Impact in a Changing World, Shane Goodwin, PhD

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The Lone Star Docket: How the Texas Business Court Will Shape the Corporate Landscape, Shane Goodwin, PhD

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Underlying Valuation Uncertainty, Strategic ETF Creation and Pricing Efficiency, Alan Guoming Huang, Russ Wermers, Jinming Xue, and Xing (Alex) Zhou

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Can Human Capital Explain Income-based Disparities in Financial Services?, Ruidi Huang, James S. Linck, Erik J. Mayer, and Chris Parsons

Submissions from 2023

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Mutual Fund Flows at Long Horizons, Hendrik Bessembinder, Shuaiyu Chen, Michael J. Cooper, Jinming Xue, and Feng Zhang

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Long-Run Post-Event Abnormal Returns in Global Stock Markets*, Hendrik Bessembinder, Michael J. Cooper, Wei Jiao, and Feng Zhang

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The (Large) Effect of Return Horizon on Fund Alpha, Hendrik Bessembinder, Michael J. Cooper, and Feng Zhang

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Hiring High-Skilled Labor through Mergers and Acquisitions, Jun Chen, Shenje Hshieh, and Feng Zhang

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Supply Chain Risk: Changes in Supplier Composition and Vertical Integration, Nuri Ersahin, Mariassunta Giannetti, and Ruidi Huang

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Trade Credit and the Stability of Supply Chains, Nuri Ersahin, Mariassunta Giannetti, and Ruidi Huang

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The Impact of Competition on Startup and VC Behavior, Nuri Ersahin, Ruidi Huang, and Naveen Khanna

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"Buy the Rumor, Sell the News": Liquidity Provision by Bond Funds Following Corporate News Events, Alan Guoming Huang, Russ Wermers, and Jinming Xue

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Gender Bias in Promotions: Evidence from Financial Institutions, Ruidi Huang, Erik J. Mayer, and Darius P. Miller

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Receiving Investor in the Block Market for Corporate Bonds, Stacey E. Jacobsen and Kumar Venkataraman

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Bond Market Illiquidity: Is Portfolio Trading the Solution?, Jessica S. Li, Maureen O'Hara, Andreas C. Rapp, and Xing (Alex) Zhou

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Does a Cocktail to-go Come with a Free Lunch?, Yufeng (Sophia) Mao and Tarun Patel

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Big Banks, Household Credit Access, and Intergenerational Economic Mobility, Erik J. Mayer

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State Shareholder Taxation and Corporate Payout Policy, Tarun Patel

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Blueprint for Key Manager Ownership in an SME Company, Don Shelly

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Information Acquisition By Mutual Fund Investors: Evidence from Stock Trading Suspensions, Clemens Sialm and David X Xu

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How Siemens Democratized Artificial Intelligence, Benjamin van Giffen and Helmuth Ludwig

Submissions from 2022

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Loan Terms and Collateral: Evidence from the Bilateral Repo Market, Jun Kyung Auh and Mattia Landoni

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Mutual Fund Performance at Long Horizons, Hendrik Bessembinder, Michael J. Cooper, and Feng Zhang

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What You See May Not Be What You Get: Return Horizon and Investment Alpha, Hendrik Bessembinder, Michael J. Cooper, and Feng Zhang

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Foreign Talent and Hedge Funds, Jun Chen, Shenje Hshieh, Melvyn Teo, and Feng Zhang

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Immigrants in Finance, Jun Chen, Shenje Hshieh, Melvyn Teo, and Feng Zhang

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Insurers As Asset Managers and Systemic Risk, Andrew Ellul, Chotibhak Jotikasthira, Anastasia V. Kartasheva, Christian T. Lundblad, and Wolf Wagner

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Minority Loan Officers and Minorities’ Access to Mortgage Credit, W. Scott Frame, Ruidi Huang, Erik J. Mayer, and Adi Sunderam

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CEO Bargaining Power and Compensation, Edward Kim

Submissions from 2021

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Volatility Uncertainty and the Puzzle of VIX Futures Contango *, Gurdip Bakshi, John Crosby, Xiaohui Gao, and Jinming Xue

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Due Diligence and Strategic Behavior, Rajeev R. Bhattacharya and Mahendra Gupta

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Competition, Reputation, and Venture Capital Investment, Nuri Ersahin, Ruidi Huang, and Naveen Khanna

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How do Competition and Reputation Affect Startup and VC Behavior?, Nuri Ersahin, Ruidi Huang, and Naveen Khanna

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The Achilles Heel of Reputable VCs, Nuri Ersahin, Ruidi Huang, and Naveen Khanna

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The Impact of Minority Representation at Mortgage Lenders, W. Scott Frame, Ruidi Huang, Erik J. Mayer, and Adi Sunderam

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Alumni Networks in Venture Capital Financing, Jon A. Garfinkel, Erik J. Mayer, Ilya A. Strebulaev, and Emmanuel Yimfor

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Quote Competition in Corporate Bonds, Terrence Hendershott, Dan Li, Dmitry Livdan, Norman Schürhoff, and Kumar Venkataraman

Submissions from 2020

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Overallocation and Secondary Market Outcomes in Corporate Bond Offerings, Hendrik Bessembinder, Stacey E. Jacobsen, William F. Maxwell, and Kumar Venkataraman

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Syndicate Structure, Primary Allocations, and Secondary Market Outcomes in Corporate Bond Offerings, Hendrik Bessembinder, Stacey E. Jacobsen, William F. Maxwell, and Kumar Venkataraman

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Product Market Peers and Relative Performance Evaluation, Sudarshan Jayaraman, Todd T. Milbourn, Florian S. Peters, and Hojun Seo

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Corporate Innovation in the Cyber Age, Gabriele Lattanzio and Yue Ma

Submissions from 2019

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Institutional Order Handling and Broker-Affiliated Trading Venues, Amber Anand, Mehrdad Samadi, Jonathan S. Sokobin, and Kumar Venkataraman

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Why Do Firms Use Equity-based Pay? Managerial Compensation and Stock Price Informativeness, Benjamin Bennett, Gerald T. Garvey, Todd T. Milbourn, and Zexi Wang

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Cross-Border Venture Capital Investments: What is the Role of Public Policy?, Wendy A. Bradley, Gilles Duruflé, Thomas F. Hellmann, and Karen E. Wilson

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Can Piracy Increase Innovation? The Software Industry’s Response to Online File Sharing, Wendy A. Bradley and Julian Kolev

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The Worst of Both Worlds: Megamergers are Anticompetitive and Inefficient, Alexander W. Butler, Gustavo Grullon, and Gabriele Lattanzio

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Does Money Talk? Market Discipline through Selloffs and Boycotts, Nickolay Gantchev, Mariassunta Giannetti, and Rachel Li

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Market Discipline, Social Preferences, and Corporate Policies, Nickolay Gantchev, Mariassunta Giannetti, and Rachel Li

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Reusing Natural Experiments, Davidson Heath, Matthew Ringgenberg, Mehrdad Samadi, and Ingrid M. Werner

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Taxing Blockchain Forks, Mattia Landoni and Gina C. Pieters

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Does Competing Through Corporate Social Responsibility Engagements Lead to Superior Financial Performance?, Gabriele Lattanzio and Lubomir P. Litov

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Does it Pay Off to Compete on Social Purpose?, Gabriele Lattanzio and Lubomir P. Litov

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

Submissions from 2018

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Tricks of the Trade? Pre-Issuance Price Maneuvers by Underwriter-Dealers, Jun Kyung Auh, You Suk Kim, and Mattia Landoni

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Can Acquisition Failure Be Predicted?, Utpal Bhattacharya and Stacey E. Jacobsen

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Can Deal Failure Be Predicted?, Utpal Bhattacharya and Stacey E. Jacobsen

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The Impact of Firm Objectives on Lending: Banks and Credit Unions in the Great Recession, Anna Cororaton

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The Impact of Objectives on Firm Decisions: Bank and Credit Union Lending in the Great Recession, Anna Cororaton

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Institutions and Innovation, Amar Gande, Kose John, Vinay B. Nair, and Lemma W. Senbet

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The Costs and Benefits of Shareholder Democracy, Nickolay Gantchev and Mariassunta Giannetti

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Financial Protectionism, M&A Activity, and Shareholder Wealth, David Godsell, Ugur Lel, and Darius P. Miller

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U.S. National Security and De-Globalization, David Godsell, Ugur Lel, and Darius P. Miller

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Price Discovery in the Stock, OTC Corporate Bond, and NYSE Corporate Bond Markets, Craig W. Holden, Xin Liu, Yifei Mao, and Jayoung Nam

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

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Shorting in Broad Daylight: Short Sales and Venue Choice, Adam V. Reed, Mehrdad Samadi, and Jonathan S. Sokobin

Submissions from 2017

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Do Buy-Side Institutions Supply Liquidity in Bond Markets? Evidence from Mutual Funds, Amber Anand, Chotibhak Jotikasthira, and Kumar Venkataraman

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The Options-Inferred Equity Premium and the Slippery Slope of The Negative Correlation Condition, Gurdip Bakshi, John Crosby, Xiaohui Gao, and Jinming Xue

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Activism and Empire Building, Nickolay Gantchev, Merih Sevilir, and Anil Shivdasani

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Market Accessibility, Corporate Bond ETFs, and Liquidity, Craig W. Holden and Jayoung Nam

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Risk Budgeting in Financial Firms and The Value of an Expert Opinion, Diego Vega San Martin

Submissions from 2016

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Capital Commitment and Illiquidity in Corporate Bonds, Hendrik Bessembinder, Stacey E. Jacobsen, William F. Maxwell, and Kumar Venkataraman

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CEO Succession Roulette, Dragana Cvijanovic and Nickolay Gantchev

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Changing of the Guards: Does Succession Planning Matter?, Dragana Cvijanovic, Nickolay Gantchev, and Sunwoo Hwang

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Do the LCAPM Predictions Hold? Replication and Extension Evidence, Craig W. Holden and Jayoung Nam

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Tax Distortions and Bond Issue Pricing, Mattia Landoni

Submissions from 2015

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Heterogeneous Taxes and Limited Risk Sharing: Evidence from Municipal Bonds, Tania Babina, Chotibhak Jotikasthira, Christian T. Lundblad, and Tarun Ramadorai

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Compensation Goals and Firm Performance, Benjamin Bennett, J. Carr Bettis, Radhakrishnan Gopalan, and Todd T. Milbourn