Papers 2010

Working Papers 2010

On the Size of the Active Management Industry
Lubos Pastor and Robert F. Stambaugh
(Journal of Political Economy, Vol. 120, Issue 4, August 2012)

Financial Expertise as an Arms Race
Vincent Glode, Richard C. Green and Richard Lowery
(The Journal of Finance, Vol. 67, Issue 5, October 2012)

Hedge Funds: Pricing Controls and the Smoothing of Self Report Returns
Gavin Cassar and Joseph Gerakos
(The Review of Financial Studies, Vol. 24, Issue 5, May 2011)

CEO Wage Dynamics: Evidence from a Learning Model
Lucian A. Taylor
(Journal of Financial Economics, Vol. 108, Issue 1, April 2013)

Long Run Risks, the Macroeconomy, and Asset Prices
Ravi Bansal, Dana Kiku and Amir Yaron
(The American Economic Review, Vol. 100, Issue 2, May 2010)

What’s Vol Got to Do With It
Itamar Drechsler and Amir Yaron

Macroeconomic Effects of Financial Shocks
Urban Jermann and Vincenzo Quadrini
(The American Economic Review, Vol. 102, Issue 1, February 2012)

Is U.S. Multinational Intra-Firm Dividend Policy Influenced by Capital Market Incentives?
Jennifer L. Blouin, Linda K. Krull and Leslie A. Robinson
(The Accounting Review, Vol. 87, Issue 5, September 2012)

Explaining the Favprote Longshot Bias: Is it Risk-Love or Misperceptions?
Erik Snowberg and Justin Wolfers
Journal of Political Economy, Vol. 118, Issue 4, August 2010)

Ambiguous Infomration, Risk Aversion and Asset Pricing
Philipp Illeditsch
(Applied Financial Economics, Vol. 20, Issue 1-2, 2010)

What “Triggers” Mortgage Default?
Ronel Elul, Nicholas Souleles, Souphala Chomsisengphet, Dennis Glennon and Robert Hunt
(The American Economic Review, Vol. 100, Issue 2, May 2010)

Risk and the CEO Market: Why Do Some Large Firms Hire Highly-Paid, Low-Talent CEOs?
Alex Edmans and Xavier Gabaix

Information Spillovers and Performance Persistence for Hedge Funds
Vincent Glode and Richard C. Green
Journal of Financial Economics, Vol. 101, Issue 1, July 2011)

Do Peer Firms Affet Corporate Financial Policy
Mark T. Leary and Michael R. Roberts
(The Journal of Finance, Vol. 69, Issue 1, February 2014)

Skill, Luck and the Multiproduct Firm: Evidence from Hedge Funds
Rui J. P. de Figueriredo, Jr. and Evan Rawley
(Management Science, Vol. 57, Issue 11, November 2011)

The Effect of Parent Firm Location on the Performance of Entrepreneurial Spawns: Evidence from Hedge Funds
Rui J. P. de Figueriredo, Jr., Evan Rawley, Philipp Meyer

Short-term Termination without Deterring Long-term Investment: A Theory of Debt and Buyouts
Alex Edmans
(Journal of Financial Economics, Vol. 102, Issue 1, October 2011)

How Much do Investors Care about Macroeconomic Risk? Evidence from Scheduled Economic Announcements
Pavel Savor and Mungo Wilson

Growth to Value: Option Excercise and the Cross Seciton of Equity Returns
Hengjie Ai and Dana Kiku
(Journal of Financial Economics, Vol. 107, Issue 2, February 2013)

Accounting for Private Information
Laurence Ales and Priscila Mazeiro

Composition of Wealth, Conditioning Information and the Cross-Section of Stock Returns
Nikolai Roussanov
(Journal of Financial Economics, Vol. 111, Issue 2, February 2014)

The Term Structures of Equity and Interest Rates
Martin Lettau and Jessica A. Wachter
(Journal of Financial Economics, Vol. 101, Issue 1, July 2011)

Changing Institutional Preferences and Investment Performance: A Stock Holdings Perspective
Marshall E. Blume and Donald B. Keim