Working Papers 1998
#01-98
Executive Compensation & the Boundary of the Firm: The Case of Short-Lived Projects
Gary Gorton and Bruce D. Grundy
[abstract]
#02-98
Customer-Controlled Firms: The Case of Stock-Exchanges
Carmine Di Noia
[abstract]
[PUBLISHED] #03-98
The Declining Credit Quality of US Corporate Debt: Myth or Reality?
Marshall E. Blume, Felix Lim and A. Craig MacKinlay
The Journal of Finance, Volume 53, No. 4, August 1998, pp. 1389-1413
[abstract]
[PUBLISHED] #04-98
Costs of Equity Capital and Model Mispricing
Lubos Pástor and Robert F. Stambaugh
The Journal of Finance, Volume 54, No. 1, February 1999, pp. 67-121.
[abstract]
[PUBLISHED] #05-98
An Analysis of Mutual Fund Design: The Case of Investing in Small-Cap Stocks
Donald B. Keim
The Journal of Financial Economics, Volume 51, No. 2, February 1999, pp. 173-194.
[abstract]
#06-98
Capital Market Equilibrium with Mispricing and Arbitrage Activity
Süleyman Basak and Benjamin Croitoru
[abstract]
#07-98
The Information Contained in Stock Exchange Seat Prices
Donald B. Keim and Ananth Madhavan
[abstract]
[PUBLISHED] #08-98
The Cost of Institutional Equity Trades
Donald B. Keim and Ananth Madhavan
The Financial Analysts Journal, Volume 54, No. 4, July/August 1998, pp. 50-69
[abstract]
[PUBLISHED] #09-98
Currency Prices, the Nominal Exchange Rate, and Security Prices in a Two-Country Dynamic Monetary Equilibrium
Süleyman Basak and Mike Gallmeyer
Mathematical Finance, Volume 9, No. 1, January 1999, pp. 1-30.
[abstract]
#10-98
On the Fluctuations in Consumption and Market Returns in the Presence of Labor and Human Capital: An Equilibrium Analysis
Süleyman Basak
[abstract]
(Journal of Economic Dynamics Control, Vol. 23, Issue 7, June 1999)
#11-98
Management Turnover and Corporate Governance Changes Following the Revelation of Fraud
Anup Agrawal, Jeffrey J. Jaffe and Jonathan M. Karpoff
[abstract]
(The Journal of Law and Economics, Vol. 42, Issue 2, 1999)
#12-98
Capital Market Equilibrium with Differential Taxation
Süleyman Basak and Mike Gallmeyer
[abstract]
(Review of Finance, Vol. 7, Issue 2, January 2003)
#13-98
Understanding the Nature of the Risks and the Source of Rewards to Momentum Investing
Bruce D. Grundy and J. Spencer Martin
[abstract]
(The Review of Financial Studies, Vol. 14, Issue 1, January 2001)
#14-98
Eighths, Sixteenths and Market Depth: Changes in Tick Size and Liquidity Provision on the NYSE
Michael A. Goldstein and Kenneth A. Kavajecz
[abstract]
(Journal of Financial Economics, Vol. 56, Issue 1, April 2000)
#15-98
A Theory of Dividends Based on Tax Clienteles
Franklin Allen, Antonio Bernardo and Ivo Welch
[abstract]
(The Journal of Finance, Vol. 55, Issue 6, December 2002)
#16-98
Are Transactions and Market Orders More Important than Limit Orders in the Quote Updating Process?
Ron Kaniel and Hong Liu
[abstract]
#17-98
Risk Arbitrage in Takeovers
Francesca Cornelli and David D. Li
[abstract]
(The Review of Financial Studies, Vol. 15, Issue 3, April 2002)
#18-98
Revenue Efficiency and Change of Control: The Case of Bankruptcy
Francesca Cornelli and Leonardo Felli
[abstract]
#19-98
Asset Pricing Models: Implications for Expected Returns and Portfolio Selection
A. Craig MacKinlay and Lubos Pástor
[abstract]
(The Review of Financial Studies, Vol 13, Issue 4, October 2000)
#20-98
Optimal Consumption of a Divisible Durable Good
Domenico Cuoco and Hong Liu
[abstract]
(Journal of Economic Dynamics and Control, Vol. 24, Issue 4, April 2000)
#21-98
The Equity Premium and Structural Breaks
Lubos Pástor and Robert F. Stambaugh
[abstract]
(The Journal of Finance, Vol. 56, Issue 4, December 2002)
#22-98
Ex-Ante Real Rates and Inflation Risk Premiums: A Consumption-Based Approach
Ayelet Balsam, Shmuel Kandel and Ori Levy
[abstract]