Papers 2005

Working Papers 2005

01-05
The Persistence and Pricing of the Cash Component of Earnings
Patricia M. Dechow, Scott A. Richardson and Richard D. Sloan
[abstract]
Journal of Accounting Research, Vol 46, Issue 3, June 2008

02-05
Information (In) Efficiency in Prediction Markets
Erik Snowberg, Justin Wolfers and Eric Zitzewitz
[abstract]

03-05
Special Purpose Vehicles and Securitization
Gary Gorton and Nicholas S. Souleles
[abstract]

04-05
Facts and Fantasies about Commodity Futures
Gary Gorton and K. Geert Rouwenhorst
[abstract]
Financial Analysts Journal, Vol 62, Issue 2

05-05
The Book-to-Price Effect in Stock Returns: Accounting for Leverage
Stephen H. Penman, Scott A. Richardson and Irem Tuna
[abstract]
Journal of Accounting Research, Vol 45, Issue 2, May 2007

06-05
A Consumption-Based Explanation of Expected Stock Returns
Motohiro Yogo
[abstract]
The Journal of Finance, Vol 61, Issue 2, April 2006    

07-05 (Revision of paper 24-04)
Analyst Reputation, Conflict of Interest, and Forecast Accuracy
Lily Fang and Ayako Yasuda
(Published in the Review of Financial Studies)
[abstract]

08-05
Passive Decisions and Potent Defaults
James J. Choi, David Laibson, Brigitte C. Madrian and Andrew Metrick
[abstract]

09-05
Saving for Retirement on the Path of Least Resistance
James J. Choi, David Laibson, Brigitte C. Madrian and Andrew Metrick
[abstract]

10-05
Large Blocks of Stock: Prevalence, Size and Measurement
Jennifer Dlugosz, Rudiger Fahlenbrah, Paul Gompers, Andrew Metrick
[abstract]
Journal of Corporate Finance, Vol 12, Issue 3, June 2006

11-05
The Congruence of Shareholder and Bondholder Governance
K. J. Martjin Cremers, Vinay B. Nair and Chenyang Wei
[abstract]

12-05
The Role of Banks in Takeovers
Victoria Ivashina, Vinay B. Nair, Anthony Saunders, Nadia Massoud and Roger Stover
[abstract]

13-05
Corporate Governance and Internal Organization
Vinay B. Nair
[abstract]

14-05
Why Do Public Firms Issue Private and Public Securities?
Armando Gomes and Gordon Phillips
[abstract]
Journal of Financial Intermediation, Vol 21, Issue 4, October 2012

15-05
The Neoclassical Theory of Investment in Speculative Markets
Stavros Panageas
[abstract]

16-05
Dequity: The Blurring of Debt and Equity in Securitized Real Estate Financing
Georgette Chapman Poindexter
[abstract]

17-05
Bank Credit Cycles
Gary B. Gorton and Ping He
[abstract]
The Review of Economic Studies, Vol 75, Issue 4, October 2008

18-05
Eat or Be Eaten: A Theory of Mergers and Merger Waves
Gary B. Gorton, Matthias Kahl and Richard Rosen
[abstract]

19-05
Vote Trading and Information Aggregation
Susan E. K. Christoffersen, Christopher C. Geczy, David K. Musto and Adam V. Reed
[abstract]
The Journal of Finance, Vol 62, Issue 6, December 2007

20-05
Interpretable Asset Markets?
Ravi Bansal, Varoujan Khatchatrian and Amir Yaron
[abstract]
European Economic Review, Vol 49, Issue 3, April 2005

21-05
Price Informativeness and Investment Sensitivity to Stock Price
Qi Chen, Itay Goldstein and Wei Jiang
[abstract]
The Review of Financial Studies, Vol 20, Issue 3, May 2007

22-05
Human Capital and Earnings Distribution Dynamics
Mark Huggett, Gustavo Ventura and Amir Yaron
[abstract]
Journal of Monetary Economics, Vol 53, Issue 2, March 2006

23-05
Debt Restructuring and Voting Rules
Philip Bond and Hulya Eraslan
[abstract]

24-05
Futures Prices in a Production Economy with Investment Constraints
Leonid Kogan, Dimitry Livdan and Amir Yaron
[abstract]

25-05
Persistence, Predictability and Portfolio Planning
Michael J. Brennan and Yihong Xia
[abstract]
Handbook of Quantitative Finance and Risk Management

26-05
An International Examination of Affine Term Structure Models and the Expectations Hypothesis
Huarong Tang and Yihong Xia
[abstract] 
Journal of Financial and Quantitative Analysis, Vol 42, Issue 1, March 2007

27-05
Are Stars’ Opinions Worth More? The Relation between Analyst Reputation and Recommendation Values
Lily H. Fang and Ayako Yasuda
[abstract]
Journal of Financial Services Research, Vol 46, Issue 3, December 2014

 

28-05
The Effects of Biased Self Perception in Teams
Simon Gervais and Itay Goldstein
[abstract]

29-05
Solving Models with External Habit
Jessica A. Wachter
[abstract]
Financial Research Letters, Vol 2, Issue 4, December 2005

30-05
Let us Trade Pension Claims
Bernard Dumas and Juerg Syz
[abstract]

31-05
Asymmetric Information and Financing with Convertibles
Archishman Chakraborty and Bilge Yilmaz
[abstract]

32-05
Stock Returns and Expected Business Conditions: Half a Century of Direct Evidence
Sean D. Campbell and Francis X. Diebold
[abstract]
Journal of Business and Economic Studies, Vol 27, Issue 2, August 2006

33-05
The Pecking Order, Debt Capacity, and Information
Mark T. Leary and Michael R. Roberts
[abstract] 
Journal of Financial Economics, Vol 95, Issue 3, March 2010

34-05
A Dynamic Model for the Forward Curve
Choong Tze Chang, Dean Foster, Krishna Ramaswamy and Robert Stine
[abstract]
The Review of Financial Studies, Vol 21, Issue 1, January 2008

35-05
A Portfolio of Consumer Credit
David K. Musto and Nicholas Souleles
[abstract]
Journal of Monetary Economics, Vol 53, Issue 1, January 2006

36-05
Do Consumers Choose the Right Credit Contracts?
Sumit Agarwal, Souphala Chomsisengphet, Chunlin Liu and Nicholas Souleles
[abstract]
The Review of Corporate Finance Studies, Vol 4, Issue 2, September 2015

37-05
What Can Rational Investors Do About Excessive Volatility and Sentiment Fluctuations?
Bernard Dumas, Alexander Kurshev, and Raman Uppal
[abstract]