FinancialEcon.com

This page provides links to recent working papers and publications that you can download, selected with an eye for the intersection of law and financial economics

R-squared around the world: New theory and new tests
Li Jin and Stewart Myers, April 2004

Spinning and underpricing: A legal and economic analysis of the preferential allocation of shares in initial public offerings
Sean Griffith, April 2004, Brooklyn Law Review

401(k) matching contributions in company stock: Costs and benefits for firms and workers
Jeffrey Brown, Nellie Liang and Scott Weisbenner, April 2004

Post-Siliconix Freeze-Outs: Theory, Evidence & Policy
Guhan Subramanian, April 2004

Agency costs of overvalued equity
Michael Jensen, April 2004

Corporate governance and the agency cost of debt
Mark Klock, Sattar Mansi, and William Maxwell, April 2004

Flights of fancy: Corporate jets, CEO perquisites, and inferior shareholder returns
David Yermack, April 2004

The evidence on securities class actions
Stephen Choi, April 2004

A framework for the regulation of securities market intermediaries
Stephen Choi, April 2004

Analyst coverage and the cost of raising equity capital: Evidence from underpricing of seasoned equity offerings
Robert Bowen, Xia Chen, Qiang Cheng, April 2004

Should issuers be on the hook for laddering? An empirical analysis of the IPO market-manipulation litigation
Stephen Choi and Adam Pritchard, April 2004, University of Cincinnati Law Review

Surveillance and control: Privatizing and nationalizing corporate monitoring after Sarbanes-Oxley
Larry Cata Backer, April 2004, Law Review of Michigan State University-Detroit College of Law

Realizing the dream of William O. Douglas - The SEC takes charge of corporate governance
Roberta Karmel, April 2004

Net value: wealth creation (and destruction) during the internet boom
Robert Hendershott, March 2004, Journal of Corporate Finance

SEC Regulation FD, information, and the cost of capital
Armando Gomes, Gary Gorton and Leonardo Madureira, March 2004

Stock-price clustering on option expiration dates
Sophie Xiaoyan Ni, Neil Pearson and Allen Poteshman, March 2004

Manager-investor conflicts in mutual funds
Paul Mahoney, March 2004, Journal of Economic Perspectives

The effect of 12b-1 plans on mutual-fund investors, revisited
Sean Collins, March 2004

Caught on tape: Predicting institutional ownership with order flow
John Campbell, Tarun Ramadorai and Tuomo Vuolteenaho, March 2004

Andersen's fall from grace
Kathleen Brickley, March 2004, Washington University Law Quarterly

The unanticipated effects of insider trading regulation
Art Durnev and Amrita Nain, March 2004

Insider trading and voluntary disclosures
Qiang Cheng and Kin Lo, March 2004

Who receives IPO allocations? An analysis of 'regular' investors
Ekkehart Boehmer and Raymond Fishe, March 2004

Death spiral convertibles
Pierre Hillion and Theo Vermaelen, February 2004, Journal of Financial Economics

How law and institutions shape financial contracts: The case of bank loans
Jun Qian and Philip Strahan, February 2004

Understanding MACs: Moral hazard in acquisitions
Ronald Gilson and Alan Schwartz, February 2004

How often do 'conflicts of interests' in the investment banking industry arise during hostile takeovers?
Charles Calomiris and Hal Singer, February 2004

A review of experimental and archival conflicts-of-interest research in auditing
Mark Nelson, February 2004

Investment banking and analyst objectivity: Forecasts and recommendations of analysts affiliated with M&A advisors
Adam Kolasinski and S.P. Kothari, February 2004

Information content of equity analyst reports
Paul Asquith, Michael Mikhail and Andrea Au, February 2004

The value of client access to analyst recommendations
Clifton Green, February 2004

Economic consequences of SEC disclosure regulation: Evidence from the OTCBB
Brian Bushee and Christian Leuz, February 2004

Asset float and speculative bubbles
Harrison Hong, José Scheinkman and Wei Xiong, February 2004

Do investors overvalue firms with bloated balance sheets?
David Hirshleifer, Kewei Hou, Siew Hong Teoh and Yinglei Zhang, February 2004

Determinants of market reactions to restatement announcements
Zoe-Vonna Palmrose, Vernon Richardson and Susan Scholz, February 2004, Journal of Accounting and Economics

A secondary market test of the merits of class action securities litigation: The reputation of corporate directors
Eric Helland, February 2004

Stock-price response to news of securities fraud litigation: An analysis of sequential and conditional information
Paul Griffin, Joseph Grundfest and Michael Perino, February 2004, Abacus

Is there a link between executive compensation and accounting fraud?
Merle Erickson, Michelle Hanlon and Edward Maydew, February 2004

Earnings management, stock issues, and shareholder lawsuits
Larry DuCharme, Paul Malatesta and Stephan Sefcik, January 2004, Journal of Financial Economics

Securities fraud: An economic analysis
Tracy Wang, January 2004

On the tax classification of day stock traders as investors or traders
Buagu Musazi and Krishna Rana, January 2004

Investor protection and the Coasian view
Nittai Bergman and Daniel Nicolaievsky, January 2004

Are some outside directors better than others?
Eliezer Fich, January 2004, Journal of Business

Does the market value financial expertise on audit committees of boards of directors?
Mark Defond, Rebecca Hann and Xuesong Hu, January 2004

Risk management and corporate governance: The case of Enron
Robert Eli Rosen, January 2004, Connecticut Law Review

Did Regulation FD level the playing field? Evidence from earnings announcements
Anwer Ahmed and Richard Schneible, January 2004

Competing for securities underwriting mandates: Banking relationships and analyst recommendations
Alexander Ljungqvist, Felicia Marston and William Wilhelm, January 2004

Do security analysts exhibit persistent differences in stock-picking ability?
Michael Mikhail, Beverly Walther and Richard Willis, January 2004, Journal of Financial Economics

Analyst conflicts and research quality
Anup Agrawal and Mark Chen, January 2004

Analyst turnover, stock coverage, and investment banking eeal flow
Panambur Raghavendra Rau, Ajay Patel, Ajay Khorana and Jonathan Clarke, January 2004

Tender offers by controlling shareholders: The specter of coercion and fair price
Adam Pritchard, January 2004, Berkeley Business Law Journal

So, why be public?
Joseph Fuller, Winter 2004, Directors and Boards

The less than efficient capital markets hypothesis: Requiring more proof from plaintiffs in fraud-on-the-market cases
Paul Ferrillo, Frederick Dunbar and David Tabak, Winter 2004, St. Johns Law Review

Regulation Fair Disclosure and Earnings Information: Market, Analyst, and Corporate Responses
Warren Bailey, Haitao Li, Connie Mao and Rui Zhong, December 2003, Journal of Finance

Competition among Trading Venues: Information and Trading on Electronic Communications Networks
Michael Barclay, Terrence Hendershott and Timothy McCormick, December 2003, Journal of Finance

Executive pay, earnings manipulation and shareholder litigation
Lin Peng and Ailsa Roell, December 2003

Characteristics of a firm's information environment and the information asymmetry between insiders and outsiders
Richard Frankel and Xu Li, December 2003, Journal of Accounting and Economics

Mandated disclosure and stock returns: Evidence from the over-the-counter market
Allen Ferrell, December 2003

Technological evolution and the devolution of corporate financial reporting
Donald Langevoort, December 2003

Managing the expectations gap in investor protection: The SEC and the post-Enron reform agenda
Donald Langevoort, December 2003

Regulating securities analysts
Mark Chen and Robert Marquez, December 2003

Misleading employer communications and the securities fraud implications of the employee as investor
Jennifer O'Hare, December 2003

The Sarbanes-Oxley Act and the reinvention of corporate governance
Lawrence Mitchell, December 2003

The Sarbanes-Oxley Act and security market behavior: Early evidence
Zabihollah Rezaee and Pankaj Jain, December 2003

Disclosure of fees paid to auditors and the market valuation of earnings surprises
Jere Francis and Bin Ke, December 2003

Earnings guidance after Regulation FD
Ronen Feldman, Ron Lazer and Joshua Livnat, Winter 2003

Market reaction to events surrounding the Sarbanes-Oxley Act of 2002
Haidan Li, Motron Pincus and Sonja Rego, November 2003

Delaware's good faith
Hillary Sale, November 2003

The costs of entrenched boards
Lucian Bebchuk and Alma Cohen, November 2003

Determinants of the size and structure of corporate boards: 1935-2000
Kenneth Lehn, Sukesh Patro and Mengxin Zhao, November 2003

The economics of fraudulent misreporting
Eitan Goldman and Steve Slezak, November 2003

Stock price reaction to news and no-news: Drift and reversal after headlines
Wesley Chan, November 2003, Journal of Finanical Economics

Taking the oath: Investor response to SEC certification
Paul Griffin and David Lont, November 2003

Who is afraid of Reg FD? The behavior and performance of sell-side analysts following the SEC's fair disclosure rules
Anup Agrawal and Sahiba Chadha, November 2003

Determination of the appropriate event window length in individual-stock event studies
Dmitry Krivin, Robert atton, Erica Rose and David Tabak, November 2003

S&P 500 Index additions and earnings expectations
Diane Denis, John McConnell, Alexei Ovtchinnikov and Yun Yu, October 2003, Journal of Finance

An empirical analysis of analysts' target prices: Short-term informativeness and long-term dynamics
Alon Brav and Reuven Lehavy, October 2003, Journal of Finance

The determinants of underpricing for seasoned equity offers
Shane Corwin, Journal of Finance, October 2003

Tunnel-proofing the executive suite: Transparency, temptation and the design of executive compensation
Thomas Noe, October 2003

The mechanisms of market efficiency twenty years later: The hindsight bias
Ronald Gilson and Reinier Kraakman, October 2003

Stock-based compensation, insider trading, and earnings management
Qiang Cheng and Terry Warfield, October 2003

Stock incentives to meet earnings thresholds
Sarah McVay, Venky Nagar and Wei Tang, October 2003

All that glitters: The effect of attention and news on the buying behavior of individual and institutional investors
Brad Barber and Terrance Odean, October 2003

Information, trading and product market interactions: Cross-sectional implications of insider trading
Heather Tookes, September 2003

The incremental impact of analyst initiation of coverage
Paul Irvine, September 2003, Journal of Corporate Finance

The complexity of price discovery in an efficient market: The stock market reaction to the Challenger crash
Michael Maloney and Harold Mulherin, September 2003, Journal of Corporate Finance

Termination fees in mergers and acquisitions
Micah Officer, Journal of Finanical Economics, September 2003

Breaking up is hard to do? An analysis of termination fee provisions and merger outcomes
Thomas Bates and Michael Lemmon, September 2003, Journal of Finanical Economics

How widespread is late trading in mutual funds?
Eric Zitzewitz, September 2003

Gatekeeper failure and reform: The challenge of fashioning relevant reforms
John Coffee, September 2003

Boards of directors, audit committees and the information content of earnings
Kirsten Anderson, Daniel Deli and Stuart Gillan, September 2003

A theory of friendly boards
Renée Adams and Daniel Ferreira, September 2003

Limited attention, information disclosure and financial reporting
David Hirshleifer and Siew Hong Teoh, September 2003

Does investor misvaluation drive the takeover market?
Ming Dong, David Hirshleifer, Scott Richardson and Siew Hong Teoh, September 2003

Audit quality examined one large CPA firm at a time: Empirical evidence of a precursor of Arthur Andersen's collapse
Ross Fuerman, September 2003

Powerful CEOs and their impact on corporate performance
Renée Adams, Heitor Almeida and Daniel Ferreira, September 2003

Tying knots: Lending to win equity underwriting business
Steven Drucker and Manju Puri, September 2003

MicroStrategy, Inc: PIPE
Susan Chaplinsky, September 2003

The mechanisms of market inefficiency
Lynn Stout, Summer 2003, Journal of Corporation Law

Does shareholder composition matter? Evidence from the market reaction to corporate earnings announcements
Edith Hotchkiss and Deon Strickland, August 2003, Journal of Finance

Rumors
Jos Van Bommel, August 2003, Journal of Finance

The value of client access to analyst recommendations
Clifton Green, August 2003

Managerial opportunism during corporate litigation
Bruce Haslem, August 2003

Corporate governance after Enron: The first year
Robert Blakey Thompson, August 2003

Explaining corporate governance: Boards, bylaws, and charter provisions
Stuart Gillan, Jay Hartzell and Laura Starks, August 2003

What counts as fraud? An empirical study of motions to dismiss under the Private Securities Litigation Reform Act
Adam Pritchard and Hillary Sale, August 2003

Conservatism in accounting - Part II: Evidence and research opportunities
Ross Watts, August 2003

Enron: A financial reporting failure?
Anthony Catanach and Shelley Rhoades, July 2003

Debtor-in-possession financing and bankruptcy resolution: Empirical evidence
Sandeep Dahiya, Kose John, Manju Puri and Gabriel Ramírez, July 2003, Journal of Financial Economics

What works in securities laws?
Rafael La Porta, Florencio Lopez De Silanes and Andrei Shleifer, July 2003

Corporate governance and accounting scandals
Anup Agrawal and Sahiba Chadha, July 2003

Which types of analyst firms make more optimistic forecasts?
Amanda Cowen, Boris Groysberg and Paul Healy, July 2003

Do banks strategically time public bond issuance because of accompanying disclosure, due diligence, and scrutiny?
Daniel Covitz and Paul Harrison, July 2003

The millenium bubble and its aftermath: Reforming corporate America and getting back to business
Martin Lipton, June 2003

Controlling controlling shareholders
Ronald Gilson and Jeffrey Gordon, June 2003

The costs and benefits of transactional certainty: An appraisal of Omnicare v. NCS Healthcare
Sean Griffith, June 2003

Who's monitoring the monitor? Do outside directors protect shareholders' interests?
Eric Helland and Michael Sykuta, June 2003

Tax changes and asset pricing: An empirical investigation
Clemens Sialm, June 2003

DotCom mania: The rise and fall of Internet stock prices
Eli Ofek and Matthew Richardson, June 2003

DotCom mania: The rise and fall of Internet stock prices
Eli Ofek and Matthew Richardson, June 2003, Journal of Finance

Hedge funds and the technology bubble
Markus Brunnermeier and Stefan Nagel, June 2003

The marketing role of IPOs: Evidence from internet stocks
Elizabeth Demers and Katharina Lewellen, June 2003, Journal of Financial Economics

The effect of exercise date uncertainty on employee stock option value
Brian Maris, Jo-Mae Maris and Tyler Yang, June 2003

Executive compensation and analyst guidance
Guido Bolliger and Manuel Kast, June 2003

A revisionist view of Enron and the sudden death of 'May'
Frank Partnoy, June 2003

Appraising the non-existent: The Delaware courts' struggle with control premiums
William Carney and Mark Heimendinger, June 2003

Corporate constitutionalism: Antitakeover charter provisions as pre-commitment
Marcel Kahan and Edward Rock, June 2003

From Enron to WorldCom and beyond: Life and crime after Sarbanes-Oxley
Kathleen Brickey, June 2003

Relationship rating: How do bond rating agencies process information?
Alexander Butler and Kimberly Rodgers, June 2003

Trade generation, reputation and sell-side analysts
Andrew Jackson, June 2003

Analysts' weighting of private and public information
Qi Chen and Wei Jiang, June 2003

Relational investing and firm performance
Sanjai Bhagat, Bernard Black and Margaret Blair, June 2003

Executive compensation as an agency problem
Lucian Bebchuk and Jesse Fried, Summer 2003

Stock splits: implications for investor trading costs
Stephen Gray, Tom Smith and Robert Whaley, May 2003, Journal of Empirical Finance

Conservatism in accounting - Part I: Explanations and implications
Ross Watts, May 2003

Predictable investment horizons and wealth transfers among mutual fund shareholders
Woodrow Johnson, May 2003

Selective disclosure by issuers, its legality and ex ante harm
William Kai-Sheng Wang, May 2003

Pump and dump: An empirical analysis of corporate financing activities and sell-side analyst research
Mark Bradshaw, Scott Richardson and Richard Sloan, May 2003

Investor response to sell-side analyst revisions in IPO recommendations: Do they correct expectations?
Deepika Bagchee, May 2003

The new look of shareholder litigation: Acquisition-oriented class actions
Robert Thompson and Randall Thomas, May 2003

SEC enforcement actions for financial fraud and private litigation: An empirical inquiry
James Cox and Randall Thomas, May 2003

Cross-country determinants of mergers and acquisitions
Stefano Rossi and Paolo Volpin, May 2003

The level and persistence of growth rates
Louis K.C. Chan, Jason Karceski and Josef Lakonishok, April 2003, Journal of Finance

IPO pricing in the dot-com bubble
Alexander Ljungqvist and William Wilhelm, April 2003, Journal of Finance

Investor protection and firm liquidity
Paul Brockman and Dennis Chung, April 2003, Journal of Finance

Behavioral economics and the SEC
Stephen Choi and Adam Pritchard, April 2003

Credibility of management forecasts
Jonathan Rogers and Phillip Stocken, April 2003

Executive compensation and corporate fraud
Shane Johnson, Harley Ryan and Yisong Sam Tian, April 2003

Legal restrictions in personal loan markets
Brent Ambrose and Anthony Sanders, April 2003

Who should pay for bankruptcy costs?
Ivo Welch, Arturo Bris and Alan Schwartz, April 2003

To steal or not to steal: Firm attributes, legal environment and valuation
Artyom Durnev and E. Han Kim, April 2003 (forthcoming in Journal of Finance)

Self-regulation and securites markets
Adam Pritchard, Regulation, Spring 2003

Paper millionaires: How valuable is stock to a stockholder who is restricted from selling it?
Matthias Kahl, Jun Liu and Francis Longstaff, March 2003, Journal of Finanical Economics

Allocation of initial public offerings and flipping activity
Reena Aggarwal, March 2003, Journal of Finanical Economics

The effect of auditor reputation on auditee stock performance: The case of Arthur Andersen
Stephanie Yates Rauterkus and Kyojik Song, March 2003

Stock market manipulation - Theory and evidence
Rajesh Aggarwal and Guojun Wu, March 2003

The drivers of market efficiency in Revlon Transactions
Guhan Subramanian, March 2003

Systematic noise
Brad Barber, Terrance Odean and Ning Zhu, March 2003

Market bubbles and wasteful avoidance: Tax and regulatory constraints on short sales
Michael Powers, David Schizer and Martin Shubik, March 2003

The role of IPO underwriting syndicates: Underpricing, information and underwriter competition
Shane Corwin and Paul Schultz, March 2003

Issuer surplus and the partial adjustment of IPO prices to public information
Roger Edelen and Gregory Kadlec, March 2003

What determines the market impact of stock recommendations?
Xia Chen and Qiang Cheng, March 2003

Clearly irrational financial market behavior: Evidence from the early exercise of exchange traded stock options
Allen Poteshman and Vitaly Serbin, Februrary 2003, Journal of Finance

Analyzing the analysts: Career concerns and biased earnings forecasts
Harrison Hong and Jeffrey Kubik, Journal of Finance, February 2003

The quiet period goes out with a bang
Daniel Bradley, Bradford Jordan and Jay Ritter, February 2003, Journal of Finance

Analysts' conflict of interest and biases in earnings forecasts
Louis Chan, Jason Karceski and Josef Lakonishok, February 2003

Does it pay to be loyal? An empirical analysis of underwriting relationships and fees
Timothy Burch, Vikram Nanda and Vincent Warther, February 2003

IPO valuation in the new and old economies
Sanjai Bhagat and Srinivasan Rangan, February 2003

Selection effects, corporate law and firm value
Douglas Cumming and Jeffrey MacIntosh, February 2003

Remuneration, retention, and reputation incentives for outside directors
David Yermack, February 2003

Auditor compensation and audit failure: An empirical analysis
Mukesh Bajaj, Katherine Gunny and Atulya Sarin, February 2003

Do IPO firms purchase analyst coverage with underpricing?
Michael Cliff and David Denis, February 2003

Competition in IPO underwriting: Time series evidence
Mukesh Bajaj, Sumon Mazumdar, Atulya Sarin and Andrew Chen, 2003

Hot markets, investor sentiment, and IPO pricing
Alexander Ljungqvist, Vikram Nanda and Rajdeep Singh, January 2003

Momentum trading by institutions
S.G. Badrinath and Sunil Wahal, December 2003, Journal of Finance

When is bad news really bad news?
Jennifer Conrad, Bradford Cornell and Wayne Landsman, December 2003, Journal of Finance

Stocks are special too: an analysis of the equity lending market
Christopher Geczy, David Musto and Adam Reed, November 2002, Journal of Financial Economics

The market for borrowing stock
Gene D'Avolio, Journal of Financial Economics, November 2002

An investigation of the informational role of short interest in the Nasdaq market
Hemang Desai, K. Ramesh, Ramu Thiagarajan and Bala Balachandran, October 2002, Journal of Finance

Who cares about shareholders? Arbitrage proofing mutual funds
Eric Zitzewitz, October 2002,  Journal of Law, Economics and Organization

Shareholder litigation: Reexamining the balance between litigation agency costs and management agency costs
Robert Thompson and Randall Thomas, October 2002

How much will firms pay for earnings that do not exist? Evidence of taxes paid on allegedly fraudulent earnings
Merle Erickson, Michelle Hanlon and Edward Maydew, October 2002

Market efficiency in real time
Jeffrey A. Busse and T. Clifton Green, September 2002, Journal of Financial Economics

Do the merits matter more? Class actions under the Private Securities Litigation Reform Act
Marilyn Johnson, Karen Nelson and Adam Pritchard, September 2002

How much is investor autonomy worth?
Shlomo Benartzi and Richard Thaler, August 2002, Journal of Finance

A review of IPO activity, pricing, and allocations
Jay Ritter and Ivo Welch, August 2002, Journal of Finance

The dilution impact of daily fund flows on open-end mutual funds
Jason Greene and Charles Hodges, July 2002, Journal of Financial Economics

Financial disclosure and bond insurance
Angela Gore, Kevin Sac and Charles Trzcinka, July 2002

How accurate are value-at-risk models at commercial banks?
Jeremy Berkowitz and James O’Brien, June 2002, Journal of Finance

IPO market cycles: Bubbles or sequential learning?
Michelle Lowry and G. William Schwert, June 2002, Journal of Finance

The quality of ECN and Nasdaq market maker quotes
Roger Huang, Journal of Finance, June 2002

Institutional allocation in initial public offerings: Empirical evidence
Reena Aggarwal, Nagpurnanand Prabhala and Manju Puri, June 2002, Journal of Finance

Managerial opportunism? Evidence from directors’ and officers’ insurance purchases
John Chalmers, Larry Dann and Jarrad Harford, April 2002, Journal of Finance

Leaning for the tape: Evidence of gaming behavior in equity mutual funds
Mark Carhart, Ron Kaniel, David Musto and Adam Reed, April 2002, Journal of Finance

Regulation FD and the private information of analysts
Eric Zitzewitz, April 2002

The world price of insider trading
Utpal Bhattacharya and Hazem Daouk, February 2002, Journal of Finance

Mutual fund advisory contracts: An empirical investigation
Daniel Deli, Journal of Finance, February 2002

On the perils of financial intermediaries setting security prices: The mutual fund wild card option
John Chalmers, Roger Edelen and Gregory Kadlec, December 2001, Journal of Finance

A rose.com by any other name
Michael Cooper, Orlin Dimitrov and Raghavendra Rau, December 2001, Journal of Finance

The performance of professional market timers: Daily evidence from executed strategies
Don Chance and Michael Hemler, November 2001, Journal of Financial Economics

Has Regulation FD affected financial analysts' ability to forecast earnings?
Partha Mohanram and Shyam Sunder, November 2001

Excessive extrapolation and the allocation of 401(k) accounts to company stock
Shlomo Benartzi, October 2001, Journal of Finance

Massively confused investors making conspicuously ignorant choices (MCI-MCIC)
Michael Rashes, October 2001, Journal of Finance

Copycat Funds: Information Disclosure Regulation and the Returns to Active Management in the Mutual Fund Industry
Mary Myers, James Poterba, Douglas Shackelford, and John Shoven, October 2001

Forecasting crashes: trading volume, past returns, and conditional skewness in stock prices
Joseph Chen, Harrison Hong and Jeremy Stein, September 2001, Journal of Financial Economics

Investor psychology and asset pricing
David Hirshleifer, August 2001, Journal of Finance

Short-sellers, fundamental analysis, and stock returns
Patricia Dechow, Amy Hutton, Lisa Meulbroek and Richard Sloan, July 2001, Journal of Financial Economics

Why do money fund managers voluntarily waive their fees?
Susan Christoffersen, June 2001, Journal of Finance

Locking out rival bidders: The use of lockup options in corporate mergers
Timothy Burch, April 2001, Journal of Financial Economics

Can investors profit from the prophets? Security analyst recommendations and stock returns
Brad Barber, Reuven Lehavy, Maureen McNichols and Brett Trueman, April 2001, Journal of Finance

Stock price decreases prior to executive stock option grants
Keith Chauvin and Catherine Shenoy, March 2001, Journal of Corporate Finance

Do the individuals closest to internet firms believe they are overvalued
Paul Schultz and Mir Zaman, March 2001, Journal of Financial Economics

Do investment banks compete in IPOs?: The advent of the “7% plus contract”
Robert Hansen, March 2001, Journal of Financial Economics

Aggregate price effects of institutional trading: a study of mutual fund flow and market returns
Roger Edelen and Jerold Warner, February 2001, Journal of Financial Economics

Contagious speculation and a cure for cancer: A nonevent that made stock prices soar
Gur Huberman and Tomer Regev, February 2001, Journal of Finance

Institutional trading and soft dollars
Jennifer Conrad, Kevin Johnson and Sunil Wahal, February 2001, Journal of Finance

Information Asymmetry, Corporate Disclosure and the Capital Markets: A Review of the Empirical Disclosure Literature
Paul Healy and Krishna Palepu, February 2001, (see also Journal of Accounting & Economics, September 2001)

Hostility in takeovers: In the eyes of the beholder?
G. William Schwert, December 2000, Journal of Finance

Corporate policies restricting trading by insiders
J. C. Bettis, J. L. Coles and M. L. Lemmon, August 2000, Journal of Financial Economics

When the underwriter is the market maker: An examination of trading in the IPO aftermarket
Katrina Ellis, Roni Michaely and Maureen O’Hara, June 2000, Journal of Finance

Stabilization activities by underwriters after initial public offerings
Reena Aggarwal, June 2000, Journal of Finance

The seven percent solution
Hsuan-Chi Chen and Jay Ritter, June 2000, Journal of Finance

Trading is hazardous to your wealth: The common stock investment performance of individual investors
Brad Barber and Terrance Odean, April 2000, Journal of Finance

DOS Kapital: Has antitrust action against Microsoft created value in the computer industry?
George Bittlingmayer and Thomas Hazlett, March 2000, Journal of Financial Economics

Bad news travels slowly: Size, analyst coverage, and the profitability of momentum strategies
Harrison Hong, Terence Lim and Jeremy Stein, February 2000, Journal of Finance

Stock splits, tick size, and sponsorship
Paul Schultz, February 2000, Journal of Finance

When an event is not an event: The curious case of an emerging market
Utpal Bhattacharya, Hazem Daouk, Brian Jorgenson and Carl-Heinrich Kehr, January 2000, Journal of Financial Economics

Valuing IPOs
Moonchul Kim and Jay Ritter, September 1999, Journal of Financial Economics

Is money smart? A study of mutual fund investors’ fund selection ability
Lu Zheng, June 1999, Journal of Finance

The persistence of IPO mispricing and the predictive power of flipping
Laurie Krigman, Wayne Shaw and Kent Womack, June 1999, Journal of Finance

Why do corporations become criminals?  Ownership, hidden actions, and crime as an agency cost
Cindy Alexander and Mark Cohen, March 1999, Journal of Corporate Finance

The stock pools and the Securities Exchange Act
Paul Mahoney, March 1999, Journal of Financial Economics

Effects of market reform on the trading costs and depths of Nasdaq stocks
Michael Barclay, William Christie, Jeffrey Harris, Eugene Kandel and Paul Schultz, February 1999, Journal of Finance

The indirect economic penalties in SEC investigations of underwriters
Randolph Beatty, Howard Bunsis and John Hand, November 1998, Journal of Financial Economics

Market efficiency, long-term returns, and behavioral finance
Eugene Fama, September 1998, Journal of Financial Economics