William Bradford
Jonathan Brogaard
Kathryn Dewenter
Ran Duchin
Thomas Gilbert
Jarrad Harford
Alan Hess
Christopher Hrdlicka
Avraham Kamara
Jonathan Karpoff
Adam Kolasinski
Paul Malatesta
Andrew Siegel
Stephan Siegel
Mark Westerfield
Lance Young

Search Working Papers by Area



William Bradford

        Does Venture Capitalist Activism Improve Investment Performance? 
        Journal of Business Venturing, forthcoming
            with co-authors William E. Jackson III and Timothy Bates 

        Hire Joe to Run the Firm or Run the Firm Myself? Management Agency Costs in Entrepreneurial Firms 

        Minorities and Venture Capital: A New Wave in American Business
             with co-author Timothy Bates

         Minority Venture Capital: Data Overview
             with co-author Timothy Bates

         Venture Capital Funds Investing in Minority-Owned Businesses: Evaluating Performance and Strategy
             with co-author Timothy Bates



Jonathan Brogaard

        The Activity of High Frequency Traders

        Do Banking Regulations Have Uniform Effects?  Evidence from Changes in Deposit Insurance
            with co-authors Kathryn Dewenterand Alan Hess

        The Effectiveness of the 2008-2010 Housing Tax Credit
             with co-author Kevin Roshak 

        High Frequency Trading and Its Impact on Market Quality 

        High Frequency Trading and Volatility

        Networks and Productivity:  Causal Evidence from Editor Rotations
        Journal of Financial Economics, forthcoming
            with co-authors Joseph Engelberg and Christopher A. Parsons



Dewenter, Kathryn

        Do Banking Regulations Have Uniform Effects?  Evidence from Changes in Deposit Insurance
            with co-authors Alan Hess and Jonathan Brogaard



Duchin, Ran

        Cash Flow Hedging and Liquidity Choices
            with co-authors David Disatnik and Breno Schmidt

        The Concentration of Cash:  Cash Polices of the Richest Firms
            with co-author Amy K. Dittmar

        Divisional Managers and Internal Capital Markets
        Journal of Finance, forthcoming
            with co-author Denis Sosyura

        The Dynamics of Cash
        with co-author Amy K. Dittmar

        Peer Effects in Economic Attitudes
        with co-authors Kenneth R. Ahern and Tyler Shumway

        Portfolio Optimization and the Distribution of Firm Size
            with co-author Moshe Levy

        The Politics of Government Investment
        Journal of Financial Economics, forthcoming
            with co-author Denis Sosyura

        Riding the Merger Wave:  Uncertainty, Reduced Monitoring, and Bad Acquisitions
        Journal of Financial Economics, forthcoming
            with co-author Breno Schmidt

        Safer Ratios, Riskier Portfolios:  Banks' Response to Government Aid
            with co-author Denis Sosyura



Gilbert, Thomas

        Are Universities Fair?  Risking the Endowment for Future Generations
            with co-author Christopher Hrdlicka

        Investor Inattention and the Market Impact of Summary Statistics
        Management Science, forthcoming
             with co-authors Shimon Kogan, Lars A. Lochstoer and Ataman Ozyildirim 



Harford, Jarrad

        Corporate Boards and the Leverage and Debt Maturity Choices
             with co-authors Kai Li and Xinlei Shelly Zhao

         Determinants of Corporate Cash Policy: A Comparison of Public and Private Firms
             with co-authors Huasheng Gao and Kai Li  

         Financial Flexibility, Risk Management, and Payout Choice
             with co-authors Alice A. Bonaime and Kristine Watson Hankins

         How Do Private Equity Sponsors Add Value? Evidence from a Comprehensive Sample of Large Buyouts
         and Exit Outcomes             
            with co-author Adam C. Kolasinski

         The Importance of Industry Links in Merger Waves
             with co-author Kenneth R. Ahern

         Incentive Effects of Extreme CEO Pay Cuts
             with co-authors Huasheng Gao and Kai Li 

        Refinancing Risk and Cash Holdings
             with co-authors Sandy Klasa and William F. Maxwell 

        The Sources of Value Destruction in Acquisitions by Entrenched Managers
        Journal of Financial Economics, forthcoming
             with co-authors Ronan Powell and Mark Humphery-Jenner
 
 
Hess, Alan

        Do Banking Regulations Have Uniform Effects?  Evidence from Changes in Deposit Insurance
            with co-authors Kathryn Dewenterand Jonathan Brogaard


Hrdlicka, Christopher

        Are Universities Fair?  Risking the Endowment for Future Generations
            with co-author Thomas Gilbert

         Finding the Disappearing Dividends: Stock Repurchaser Characteristics and Their Increasing Propensity to Pay 



Kamara, Avraham

        The Common Component of Idiosyncratic Volatility
            with co-authors Jefferson Duarte, Stephan Siegel and Celine Sun

        Market Design and the Efficiency of a Stock Market Under Liquidity Stress
             with co-authors Shmuel Hauser and Itzhak Shurki 



Karpoff, Jonathan

        Bribery: Business as Usual?
             with co-authors D. Scott Lee and Gerald S. Martin 

        The Impact of Shareholder Activism on Target Companies: A Survey of Empirical Findings

         Internal Corporate Governance, CEO Turnover, and Earnings Management
        Journal of Financial Economics, forthcoming
             with co-authors Sonali Hazarika and Rajarishi Nahata 

        The Legal Penalties for Financial Misrepresentation             
            with co-authors D. Scott Lee and Gerald S. Martin 

         Lockup Agreements in Seasoned Equity Offerings:  Evidence of Optimal Contracting
            with co-authors Gemma Lee and Ronald Masulis

        Why Do IPO Firms Have Takeover Defenses?
          with co-authors William Johnson and Sangho Yi




Kolasinski, Adam

        Can Short Restrictions Result in More Informed Short Selling? Evidence from the 2008 Regulations
             with co-authors  Adam V. Reed and Jacob R. Thornock

         Do Independent Directors Restrain Overconfident CEOs?
             with co-author Xu Li 

        How Do Private Equity Sponsors Add Value? Evidence from a Comprehensive Sample of Large Buyouts
        and Exit Outcomes             
            with co-author Jarrad Harford 

        A Multiple Lender Approach to Understanding Supply and Search in the Equity Lending Market
        Journal of Finance, forthcoming         
            with co-authors  Adam V. Reed and Matthew Ringgenberg

         Mark-to-Market Regulatory Accounting When Securities Markets are Stressed: Lessons from the Financial
         Crisis of 2007-2009
         Journal of Accounting and Economics, forthcoming

        On the Economic Meaning of Interaction Term Coefficients in Non-Linear Binary Response Regression Models
             with co-author Andrew F. Siegel



Malatesta, Paul

        Corporate Ownership Structure and Bank Loan Syndicate Structure
        Journal of Financial Economics, forthcoming
            with co-authors Chen Lin, Yue Ma and Yuhai Xuan 

        The Decline in the Cost of Private Placements
             with co-authors Mark R. Huson and Robert Parrino



Siegel, Andrew

        On the Economic Meaning of Interaction Term Coefficients in Non-Linear Binary Response Regression Models
             with co-author Adam C. Kolasinski



Siegel, Stephan

        The Common Component of Idiosyncratic Volatility
            with co-authors Jefferson Duarte, Avraham Kamara and Celine Sun

        The European Union, the Euro, and Equity Market Integration
        Journal of Financial Economics, forthcoming
            with co-authors Geert Bekaert, Campbell R. Harvey and Christian T. Lundblad 

        The Impact of the Sarbanes-Oxley Act on Shareholders and Managers of Foreign Firms
        Review of Finance, forthcoming
             with co-authors Jefferson Duarte, Katie Kong and Lance A. Young 

        The Origins of Savings Behavior
             with co-author Henrik Cronqvist 

        Why Do Individuals Exhibit Investment Biases?   
            with co-author Henrik Cronqvist



Westerfield, Mark

        Market Selection
            with co-authors Leonid Kogan, Stephen A. Ross and Jiang Wang

        Optimal Dynamic Contracts with Moral Hazard and Costly Monitoring
            with co-author Tomasz Piskorski

        Partner Selection in Co-Investment Networks:  Evidence from Venture Capital
            with co-authors Yael Hochberg and Laura Anne Lindsey

        Portfolio Choice with Illiquid Assets
            with co-authors Andrew Ang and Dimitris Papanikolaou


Young, Lance

        The Impact of the Sarbanes-Oxley Act on Shareholders and Managers of Foreign Firms
             with co-authors Jefferson Duarte, Katie Kong and Stephan Siegel 

        Trust and Credit  
           with co-authors Jefferson Duarte and Stephan Siegel 

        Why Does Corporate Governance Explain Credit Spreads?
             with co-authors Jefferson Duarte and Fan Yu