Working Papers 1997

#01-97
An Equilibrium Model with Restricted Stock Market Participation (Reprint 066)
Süleyman Basak and Domenico Cuoco
[abstract]

#02-97
A Model of Dynamic Equilibrium Asset Pricing with Extraneous Risk
Süleyman Basak
[abstract]

#03-97
Free Cash Flow, Optimal Contracting, and Takeovers
Eitan Goldman, Christopher S. Jones and Ron Kaniel
[abstract]

#04-97
A Specialist’s Quoted Depth and the Limit Order Book
Kenneth A. Kavajecz
[abstract]
(The Journal of Finance, Vol. 54, Issue 2, December 2002)

#05-97
Learning To Be Overconfident
Simon Gervais and Terrance Odean
[abstract]
(The Review of Financial Studies, Vol 14, Issue 1, January 2001)

#06-97
Managerial Compensation and the Threat of Takeover (Revision of 9-96)
Anup Agrawal and Charles R. Knoeber
[abstract]

#07-97
The Cross Section of Common Stock Returns: A Review of the Evidence and Some New Findings
Gabriel Hawawini and Donald B. Keim
[abstract]
(Security Market Imperfections in Worldwide Equity Markets, Cambridge University Press, 2000)

#08-97
Costs of Equity from Factor-Based Models (Revised 4-98)
Lubos Pastor and Robert F. Stambaugh
[abstract]

#09-97
Going Public with Asymmetric Information, Agency Costs and Dynamic Trading
Armando Gomes
[abstract]

#10-97
Testing for Liquidity Constraints in Euler Equations with Complementary Data Sources (Reprint 069)
Tullio Jappelli, Joern-Steffen Pischke and Nicholas S. Souleles
[abstract]
(The Review of Economics and Statistics, Vol. 80, Issue 2, May 1998)

#11-97
An Examination of Changes in Specialists’ Posted Price Schedules
Kenneth A. Kavajecz and Elizabeth R. Odders-White
[abstract]
(The Review of Financial Studies, Vol 14, Issue 3, July 2001)

#12-97
An Anatomy of Morningstar Ratings (Reprint 065)
Marshall E. Blume
[abstract]
(Financial Analysts Journal, Vol 54, Issue 2)

#13-97
The Information Value of Bond Ratings
Doron Kliger and Oded Sarig
[abstract]
(The Journal of Finance, Vol. 55, Issue 6, December 2000)