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)

3-11
The Short of It: Investor Sentiment and Anomalies
Robert Stambaugh, Jianfeng Yu and Yu Yuan
[abstract]
(Journal of Financial Economics, Vol. 104, Issue 2, May 2012)

04-11
Trading Frenzies and Their Impact on Real Investment
Itay Goldstein, Emre Ozdenoren and Kathy Yuan
[abstract]

05-11
Government Intervention and Information Aggregation
Philip Bond and Itay Goldstein
[abstract]
(The Journal of Finance, Vol. 70, Issue 6, December 2015)

06-11
Self Fulfilling Credit Market Freezes
Lucian A. Bebchuk and Itay Goldstein
[abstract]
(The Review of Financial Studies, Vol. 24, Issue 11, November 2011)

07-11
Corporate Bankruptcy and Creditor Incentives
Todd Gormley, Nandini Gupta and Anand Jha
[abstract]

08-11
CEO Compensation and Corporate Risk-Taking: Evidence form a Natural Experiment
Todd A. Gormley, David A. Matsa and Todd Milbourn
[abstract]
(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
[abstract]
(The Journal of Finance, Vol. 68, Issue 3, June 2013)

10-11
Bankers and Regulators
Philip Bond and Vincent Glode
[abstract]
(The Review of Financial Studies, Vol. 27, Issue 9, September 2014)

11-11
Feedback Effects and the Limits to Arbitrage
Alex Edmans, Itay Goldstein and Wei Jiang
[abstract]

12-11
Contracting with Synergies
Alex Edmans, Itay Goldstein and John Zhu
[abstract]

13-11
Expertise, Structure and Reputation of Corporate Boards
Doron Levit
[abstract]

14-11
Notes on Bonds: Liquidity at all Costs in the Great Recession
David Musto, Gregory Nini and Krista Schwartz
[abstract]