Papers 1997

Working Papers 1997

An Equilibrium Model with Restricted Stock Market Participation (Reprint 066)
Süleyman Basak and Domenico Cuoco

A Model of Dynamic Equilibrium Asset Pricing with Extraneous Risk
Süleyman Basak

Free Cash Flow, Optimal Contracting, and Takeovers
Eitan Goldman, Christopher S. Jones and Ron Kaniel

A Specialist’s Quoted Depth and the Limit Order Book
Kenneth A. Kavajecz
(The Journal of Finance, Vol. 54, Issue 2, December 2002)

Learning To Be Overconfident
Simon Gervais and Terrance Odean
(The Review of Financial Studies, Vol 14, Issue 1, January 2001)

Managerial Compensation and the Threat of Takeover (Revision of 9-96)
Anup Agrawal and Charles R. Knoeber

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

Costs of Equity from Factor-Based Models (Revised 4-98)
Lubos Pastor and Robert F. Stambaugh

Going Public with Asymmetric Information, Agency Costs and Dynamic Trading
Armando Gomes

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

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

An Anatomy of Morningstar Ratings (Reprint 065)
Marshall E. Blume
(Financial Analysts Journal, Vol 54, Issue 2)

The Information Value of Bond Ratings
Doron Kliger and Oded Sarig
(The Journal of Finance, Vol. 55, Issue 6, December 2000)