Papers 2011

Working Papers 2011

01-11 (Revised 10-08)
Are stocks really Less Volative in the Long Run?
Lubos Pastor and Robert F. Stambaugh
[abstract]                                                                                                                            (The Journal of Finance, Vol. 67, Issue 2, April 2012)

02-11 (Revised 01-09)
On the Size of the Active Management Industry
Lubos Pastor and Robert F. Stambaugh
[abstract]                                                                                                                            (Journal of Political Economy, Vol. 120, Issue 4, August 2012)

The Short of It: Investor Sentiment and Anomalies
Robert Stambaugh, Jianfeng Yu and Yu Yuan
(Journal of Financial Economics, Vol. 104, Issue 2, May 2012)

Trading Frenzies and Their Impact on Real Investment
Itay Goldstein, Emre Ozdenoren and Kathy Yuan

Government Intervention and Information Aggregation
Philip Bond and Itay Goldstein
(The Journal of Finance, Vol. 70, Issue 6, December 2015)

Self Fulfilling Credit Market Freezes
Lucian A. Bebchuk and Itay Goldstein
(The Review of Financial Studies, Vol. 24, Issue 11, November 2011)

Corporate Bankruptcy and Creditor Incentives
Todd Gormley, Nandini Gupta and Anand Jha

CEO Compensation and Corporate Risk-Taking: Evidence form a Natural Experiment
Todd A. Gormley, David A. Matsa and Todd Milbourn
(Journal of Accounting and Economics, Vol. 56, Issue 2-3, December 2013)

09-11 (Revised 16-08)
Can Time-varying Risk of Rare Disasters Explain Aggregate Stock Market Volatility?
Jessica A. Wachter
(The Journal of Finance, Vol. 68, Issue 3, June 2013)

Bankers and Regulators
Philip Bond and Vincent Glode
(The Review of Financial Studies, Vol. 27, Issue 9, September 2014)

Feedback Effects and the Limits to Arbitrage
Alex Edmans, Itay Goldstein and Wei Jiang

Contracting with Synergies
Alex Edmans, Itay Goldstein and John Zhu

Expertise, Structure and Reputation of Corporate Boards
Doron Levit

Notes on Bonds: Liquidity at all Costs in the Great Recession
David Musto, Gregory Nini and Krista Schwartz