Working Papers 2015

01-15
Innovation, Competition and Investment Timing
Yrjo Koskinen and Joril Maeland
(The Review of Corporate Financial Studies, Vol. 5, Issue 2, September 2016)

02-15
Crowding Out in Ricardian Economies
Andrew B. Abel
(Journal of Monetary Economics, Vol. 87, May 2017)

03-15
Optimal Debt and Profitability in the Tradeoff Theory
Andrew B. Abel

04-15
The Analytics of Investment, q, and Cash Flow
Andrew B. Abel

05-15
Mispricing Factors
Robert F. Stambaugh and Yu Yuan
(The Review of Financial Studies, Vol. 30, Issue 4, April 2017)

06-15
Corporate Control Activism
Adrian A. Corum and Doron Levit

07-15
Risk, Unemployment and the Stock Market: A Rare-Event-Based Explanation of Labor Market Volatility
Mete Kilic and Jessica A. Wachter

08-15
Financial Markets’ Views about the Euro-Swiss Franc Floor
Urban J. Jermann
(Journal of Money, Credit, and Banking, Vol. 49, Issue 2-3, March-April 2017)

09-15
(De)centralizing Trade
Vincent Glode and Christian Opp

10-15
Simplifying Choices in Defined Contribution Retirement Plan Design
Donald B. Keim and Olivia S. Mitchell

11-15
First to “Read” the News: News Analytics and High Frequency Trading
Bastian von Beschwitz, Donald B. Keim and Massimo Massa

12-15
Passive Investors, Not Passive Owners
Ian R. Appel, Todd A. Gormley and Donald B. Keim
(Journal of Financial Economics, Vol. 121, Issue 1, June 2016)

13-15
Why Do Institutions Delay Reporting Their Shareholdings? Evidence from Form 13F
Susan E.K. Christoffersen, Erfan Danesh and David Musto

14-15
Coordinating Business Cycles
Edouard Schaal and Mathieu Taschereau-Dumouchel

15-15
Do Funds Make More When They Trade More?
Lubos Pastor, Robert F. Stambaugh and Lucian A. Taylor
(The Journal of Finance, Vol. 72, Issue 4, August 2017)

16-15
Intangible Capital and the Investment-q Relation
Ryan H. Peters and Lucian A. Taylor
(Journal of Financial Economics, Vol. 123, Issue 2, February 2017)

17-15
Volatility Risk Pass-Through
R. Colacito, M. M. Croce, Y. Liu and I. Shaliastovich

18-15
Investor Flows and Fragility in Corporate Bond Funds
Itay Goldstein, Hao Jiang and David T. Ng

19-15
Houses as ATMs? Mortgage Refinancing and Macroeconomic Uncertainty
Hui Chen, Michael Michaux and Nikolai Roussanov

20-15
Good and Bad Variance Premia and Expected Returns
Mete Kilic and Ivan Shaliastovich

21-15
Screening and Adverse Selection in Frictional Markets
Benjamin Lester, Ali Shourideh and Venky Venkateswaran