Working Papers 2014

01-14
Equity Vesting and Managerial Myopia
Alex Edmans, Vivian W. Fang and Katherine Lewellen

02-14
Uncertainty Traps
Pablo Fajgelbaum, Edouard Schaal and Mathieu Taschereau-Dumouchel
(The Quarterly Journal of Economics, Vol. 132, Issue 4, November 2017)

03-14
The Changing Nature of Institutional Stock Investing 
Marshall E. Blume and Donald B. Keim

04-14
Investment Noise and Trends
Robert F. Stambaugh
(The Journal of Finance, Vol. 69, Issue 4, August 2014)

05-14
How Does Government Borrowing Affect Corporate Financing and Investment?
John R. Graham, Mark T. Leary and Michael R. Roberts

06-14
Identifying Long-Run Risks: A Bayesian Mixed-Frequency Approach
Frank Schorfheide, Dongho Song and Amir Yaron

07-14
Credit Scoring with Social Network Data
Yanhao Wei, Pinar Yildirim, Christophe Van den Bulte and Chrysanthos Dellarocas
(Marketing Science, Vol. 35, Issue 2, October 2015)

08-14
The Informativeness Principle Under Limited Liability
Pierre Chaigneau, Alex Edmans and Daniel Gottlieb

09-14
Governance and Comovement Under Common Ownership
Alex Edmans, Doron Levit and Devin Reilly

10-14
Employee Satisfaction, Labor Market Flexibility and Stock Returns Around the World
Alex Edmans, Lucius Li and Chendi Zhang

11-14
Strategic News Releases in Equity Vesting Months
Alex Edmans, Luis Goncalves-Pinto, Yanbo Wang and Moqi Xu

12-14
Intangible Capital and the Investment – q Relation
Ryan H. Peters and Lucian A. Taylor

13-14
Myopic Agency
John Y. Zhu

14-14
Playing it Safe?  Managerial Preferences, Risk, and Agency Conflicts
Todd A. Gormley and David Matsa

15-14
Passive Investors, Not Passive Owners
Ian R. Appel, Todd A. Gormley and Donald B. Keim

16-14
Measuring Skill in the Mutual Fund Industry
Jonathan B. Berk and Jules H. van Binsbergen                                                                      (Journal of Financial Economics, Vol. 118, Issue 1, October 2015)

17-14
Assessing Asset Pricing Models using Revealed Preference
Jonathan B. Berk and Jules H. van Binsbergen
(Journal of Financial Economics, Vol. 119, Issue 1, January 2016)

18-14
Matching Capital and Labor
Jonathan B. Berk, Jules H. van Binsbergen, and Binying, Liu
(The Journal of Finance, Forthcoming)

19-14
Do Funds Make More When They Trade More?
Lubos Pastor, Robert F. Stambaugh and Lucian A. Taylor

20-14
Governing Through Communication and Intervention
Doron Levit

21-14
Does Hedging Affect Firm Value?  Evidence from a Natural Experiment
Erik Gilje and Jerome Taillard

22-14
Do Private Firms Invest Differently than Public Firms?  Taking Cues from the Natural Gas Industry
Erik Gilje and Jerome Taillard                                                                                            (The Journal of Finance, Vol. 71, Issue 4, August 2016)

23-14
Banking Market Structure and Local Access to Finance:  Evidence from U.S. Oil and Natural Gas Shale Booms
Erik Gilje

24-14
Risk Premia, Volatilities, and Sharpe Ratios in a Nonlinear Term Structure Model
Peter Feldhutter, Christian Heyerdahl-Larsen and Philipp Illeditsch

25-14
Good and Bad Uncertainty:  Macroeconomic and Financial Market Implications
Gill Segal, Ivan Shaliastovich and Amir Yaron                                                                      (Journal of Financial Economics, Vol. 117, Issue 2, August 2015)