Working Papers 1994
#01-94
A General Equilibrium Model of Portfolio Insurance (Reprint 053)
Süleyman Basak
[abstract]
(The Review of Financial Studies, Vol 8, Issue 4, October 1995)
#02-94
Efficiency of Banks in the Third Federal Reserve District
Loretta J. Mester
[abstract]
#03-94
Consumer Behavior and the Stickiness of CreditCard Interest Rates
Paul S. Calem and Loretta J. Mester
[abstract]
(The American Economic Review, Vol 85, Issue 5, December 1995)
#04-94
Evidence on the Objectives of Bank Managers
Joseph P. Hughes and Loretta J. Mester
[abstract]
#05-94
A Transaction Cost Theory of Corporate Finance, with Applications to Security, Bankruptcy, and the Nature of Economic Organization
Bruce D. Johnsen
[abstract]
#06-94
Portfolio Inefficiency and the Cross-Section of Expected Returns (Revision of 3-93)
Shmuel Kandel and Robert F. Stambaugh
[abstract]
(The Journal of Finance, Vol 50, Issue 1, March 1995)
#07-94
Whose Market Is It Anyway? Intermediaries’ or Investors’ (Reprint 044)
Morris Mendelson and Junius W. Peake
[abstract]
#08-94
Dynamic Consumption-Portfolio Choice and Asset Pricing with Non-Price-Taking Agents (Revised: 7-95)
Süleyman Basak
[abstract]
(Economic Theory, Vol 10, Issue 3, September 1997)
#09-94
An Index-Contingent Trading Mechanism: Economic Implications
Avi Wohl and Shmuel Kandel
[abstract]
#10-94
The Upstairs Market for Large-Block Transactions: Analysis and Measurement of Price Effects (Revision of 21-92)
Donald B. Keim and Ananth Madhavan
[abstract]
(The Review of Financial Studies, Vol 9, Issue 1, January 1996)
#11-94
Systematic Risk and Diversification in the Equity REIT Market
Joseph Gyourko and Edward Nelling
[abstract]
(Real Estate Economics, Vol 24, Issue 4, December 1996)
#12-94
Anatomy of the Trading Process: Empirical Evidence on the Behavior of Institutional Traders (Revision of 18 93) (Reprint 045)
Donald B. Keim and Ananth Madhavan
[abstract]
(Journal of Financial Economics, Vol 37, Issue 3, March 1995)
#13-94
A Welfare Comparison of the German and U.S. Financial Systems (Reprint 047)
Franklin Allen and Douglas Gale
[abstract]
(European Economic Review, 1995)
#14-94
Dividend Policy (Reprint 050)
Franklin Allen and Roni Michaely
[abstract]
(Handbooks in Operation Research and Management Science, Vol 9, 1995)
#15-94
Corporate Financial Structure, Incentives and Optimal Contracting (Reprint 049)
Franklin Allen and Andrew Winton
[abstract]
(Handbooks in Operation Research and Management Science, Vol 9, 1995)
#16-94
Are Target Managers Afraid of Section 16b? (Revised: 13-95)
Anup Agrawal and Jeffrey F. Jaffe
[abstract]
(Journal of Financial Economics, Vol 39, Issues 2-3, October-November 1995)
#17-94
Limiting Differences Between Forward and Futures Prices in a Lucas Consumption Model
Zvi Wiener, Simon Benninga and Aris Protopapadakis
[abstract]
(Journal of International Financial Markets, Institutions, and Money, Vol 10, Issue 2, June 2000)
#18-94
How Far Apart Can Two Riskless Interest Rates (One Moves, the Other One Does Not)
Francisco Delgado and Bernard Dumas
[abstract]
#19-94
Noise Trading, Delegated Portfolio Management, and Economic Welfare
James Dow and Gary Gorton
[abstract]
(Journal of Political Economy, Vol 105, Issue 5, October 1997)
#20-94
Why Do Security Prices Change? A Transaction-Level Analysis of NYSE Stocks
Ananth Madhavan, Matthew Richardson, and Mark Roomans
[abstract]
(The Review of Financial Studies, Vol 10, Issue 4, October 1997)
#21-94
Multifactor Models Do Not Explain Deviations from the CAPM (Revision of 15-93)
Craig A. MacKinlay
[abstract]
(Journal of Financial Economics, Vol 38, Issue 1, May 1995)
#22-94
On the Predictability of Common Stock Returns: World-Wide Evidence (Revision of 23-92) (Reprint 054)
Gabriel Hawawini and Donald B. Keim
[abstract]
(Handbooks in Operation Research and Management Science, Vol 9, 1995)
#23-94
On the Use of Implied Stock Volatilities in the Prediction of Successful Corporate Takeovers
Giovanni Barone-Adesi, Keith C. Brown and W. V. Harlow
[abstract]
#24-94
ALM in Banks (Revised 8-96)
Giovanni Barone-Adesi
[abstract]
#25-94
Numerical Evaluation of the Critical Price and American Options
Walter Allegretto, Giovanni Barone-Adesi and Robert J. Elliott
[abstract]
(The European Journal of Finance, Vol 1, Issue 1, 1995)
#26-94
Execution Costs and Investment Performance: An Empirical Analysis of Institutional Equity Trades (Revised: 9-95)
Donald B. Keim and Ananth Madhavan
[abstract]
#27-94
On the Predictability of Stock Returns: An Asset-Allocation Perspective (Reprint 057)
Shmuel Kandel and Robert F. Stambaugh
[abstract]
(The Journal of Finance, Vol 51, Issue 2, June 1996)
#28-94
Managerial Compensation and the Threat of Takeover
Anup Agrawal and Charles R. Knoeber
[abstract]
(Journal of Financial Economics, Vol 47, Issue 2, February 1998)
#29-94
Firm Performance and Mechanisms to Control Agency Problems between Managers and Shareholders
Anup Agrawal and Charles R. Knoeber
[abstract]
(Journal of Financial and Quantitative Analysis, Vol 31, Issue 3, September 1996)