2009

Journal of Finance

1. A Bayesian's Bubble, 2009, C. Wei Li; Hui Xue
2. A Rational Expectations Equilibrium with Informative Trading Volume, 2009, Jan Schneider
3. Access to Capital, Capital Structure, and the Funding of the Firm, 2009, Omer Brav
4. Agency Problems at Dual‐Class Companies, 2009, Ronald W. Masulis; Cong Wang; Fei Xie
5. Analyzing the Tax Benefits from Employee Stock Options, 2009, Ilona Babenko; Yuri Tserlukevich
6. Are Liquidity and Information Risks Priced in the Treasury Bond Market?, 2009, Yan He; Haitao Li; Junbo Wang; Chunchi Wu
7. Attracting Flows by Attracting Big Clients, 2009, Lauren Cohen; Breno Schmidt
8. Bank Loan Supply, Lender Choice, and Corporate Capital Structure, 2009, Mark T. Leary
9. Blockholder Trading, Market Efficiency, and Managerial Myopia, 2009, Alex Edmans
10. Business Networks, Corporate Governance, and Contracting in the Mutual Fund Industry, 2009, Camelia M. Kuhnen
11. CEO Compensation and Board Structure, 2009, Vidhi Chhaochharia; Yaniv Grinstein
12. Cash Flow, Consumption Risk, and the Cross‐section of Stock Returns, 2009, Zhi Da
13. Catastrophic Risk and Credit Markets, 2009, Mark J. Garmaise; Tobias J. Moskowitz
14. Catering through Nominal Share Prices, 2009, Malcolm Baker; Robin Greenwood; Jeffrey Wurgler
15. Control Rights and Capital Structure: An Empirical Investigation, 2009, Michael R. Roberts; Amir Sufi
16. Credit Contagion from Counterparty Risk, 2009, Philippe Jorion; Gaiyan Zhang
17. Creditor Rights, Enforcement, and Bank Loans, 2009, Kee‐Hong Bae; Vidhan K. Goyal
18. Determinants of Vertical Integration: Financial Development and Contracting Costs, 2009, Daron Acemoglu; Simon Johnson; Todd Mitton
19. Do Entrenched Managers Pay Their Workers More?, 2009, Henrik Cronqvist; Fredrik Heyman; Mattias Nilsson; Helena Svaleryd; Jonas Vlachos
20. Do Hedge Fund Managers Misreport Returns? Evidence from the Pooled Distribution, 2009, Nicolas P.B. Bollen; Veronika K. Pool
21. Do Stock Mergers Create Value for Acquirers?, 2009, Qi Lu; Pavel G. Savor
22. Driven to Distraction: Extraneous Events and Underreaction to Earnings News, 2009, David Hirshleifer; Sonya Seongyeon Lim; Siew Hong Teoh
23. Eat or Be Eaten: A Theory of Mergers and Firm Size, 2009, Gary Gorton; Matthias Kahl; Richard J. Rosen
24. Electing Directors, 2009, Jie Cai; Jacqueline L. Garner; Ralph A. Walkling
25. Entrepreneurial Shareholder Activism: Hedge Funds and Other Private Investors, 2009, April Klein; Emanuel Zur
26. Equilibrium Portfolio Strategies in the Presence of Sentiment Risk and Excess Volatility, 2009, Bernard Dumas; Alexander Kurshev; Raman Uppal
27. Explicit versus Implicit Contracts: Evidence from CEO Employment Agreements, 2009, Stuart L. Gillan; Jay C. Hartzell; Robert Parrino
28. Exponential Growth Bias and Household Finance, 2009, Victor Stango; Jonathan Zinman
29. FELLOW OF THE AMERICAN FINANCE ASSOCIATION FOR 2009, 2009, Richard H. Thaler
30. Financial Constraints, Debt Capacity, and the Cross‐section of Stock Returns, 2009, Jaehoon Hahn; Hangyong Lee
31. Financially Constrained Stock Returns, 2009, Dmitry Livdan; Horacio Sapriza; Lu Zhang
32. Financing Innovation and Growth: Cash Flow, External Equity, and the 1990s R&D Boom, 2009, James R. Brown; Steven M. Fazzari; Bruce C. Petersen
33. First‐Order Risk Aversion, Heterogeneity, and Asset Market Outcomes, 2009, David A. Chapman; Valery Polkovnichenko
34. Frailty Correlated Default, 2009, Darrell Duffie; Andreas Eckner; Guillaume Horel; Leandro Saita
35. Getting Out Early: An Analysis of Market Making Activity at the Recommending Analyst's Firm, 2009, Jennifer L. Juergens; Laura Lindsey
36. Hedge Fund Risk Dynamics: Implications for Performance Appraisal, 2009, Nicolas P.B. Bollen; Robert E. Whaley
37. High‐Water Marks: High Risk Appetites? Convex Compensation, Long Horizons, and Portfolio Choice, 2009, Stavros Panageas; Mark M. Westerfield
38. IPO Underpricing over the Very Long Run, 2009, David Chambers; Elroy Dimson
39. Implications of Keeping‐Up‐with‐the‐Joneses Behavior for the Equilibrium Cross Section of Stock Returns: International Evidence, 2009, Juan‐Pedro Gómez; Richard Priestley; Fernando Zapatero
40. Income Risk and Portfolio Choice: An Empirical Study, 2009, Xiaohong Angerer; Pok‐Sang Lam
41. Information Immobility and the Home Bias Puzzle, 2009, Stijn Van Nieuwerburgh; Laura Veldkamp
42. International Stock Return Comovements, 2009, Geert Bekaert; Robert J. Hodrick; Xiaoyan Zhang
43. International Taxation and the Direction and Volume of Cross‐Border M&As, 2009, Harry P. Huizinga; Johannes Voget
44. Investor Inattention and Friday Earnings Announcements, 2009, Stefano Dellavigna; Joshua M. Pollet
45. It's SHO Time! Short‐Sale Price Tests and Market Quality, 2009, Karl B. Diether; Kuan‐Hui Lee; Ingrid M. Werner
46. Labor and Corporate Governance: International Evidence from Restructuring Decisions, 2009, Julian Atanassov; E. Han Kim
47. Level Playing Fields in International Financial Regulation, 2009, Alan D. Morrison; Lucy White
48. Long‐Run Stockholder Consumption Risk and Asset Returns, 2009, Christopher J. Malloy; Tobias J. Moskowitz; Annette Vissing‐Jørgensen
49. Making Sense of Cents: An Examination of Firms That Marginally Miss or Beat Analyst Forecasts, 2009, Sanjeev Bhojraj; Paul Hribar; John Mcinnis; Marc Picconi
50. Market Sidedness: Insights into Motives for Trade Initiation, 2009, Asani Sarkar; Robert A. Schwartz
51. Media Coverage and the Cross‐section of Stock Returns, 2009, Lily Fang; Joel Peress
52. Momentum, Reversal, and Uninformed Traders in Laboratory Markets, 2009, Robert J. Bloomfield; William B. Tayler; Flora (Hailan) Zhou
53. Oil Futures Prices in a Production Economy with Investment Constraints, 2009, Leonid Kogan; Dmitry Livdan; Amir Yaron
54. Predictive Systems: Living with Imperfect Predictors, 2009, Ľuboš Pástor; Robert F. Stambaugh
55. Presidential Address: Sophisticated Investors and Market Efficiency, 2009, Jeremy C. Stein
56. Private Benefits of Control, Ownership, and the Cross‐listing Decision, 2009, Craig Doidge; G. Andrew Karolyi; Karl V. Lins; Darius P. Miller; René M. Stulz
57. Public Information, IPO Price Formation, and Long‐Run Returns: Japanese Evidence, 2009, Kenji Kutsuna; Janet Kiholm Smith; Richard L. Smith
58. Rank‐Order Tournaments and Incentive Alignment: The Effect on Firm Performance, 2009, Jayant R. Kale; Ebru Reis; Anand Venkateswaran
59. Real Options, Product Market Competition, and Asset Returns, 2009, Felipe L. Aguerrevere
60. Reinforcement Learning and Savings Behavior, 2009, James J. Choi; David Laibson; Brigitte C. Madrian; Andrew Metrick
61. Report of the Editor of The Journal of Finance for the Year 2008, 2009, Campbell R. Harvey
62. Report of the Executive Secretary and Treasurer for the Year Ending September 30, 2008, 2009, David H. Pyle
63. Rewriting History, 2009, Alexander Ljungqvist; Christopher Malloy; Felicia Marston
64. Risk in Dynamic Arbitrage: The Price Effects of Convergence Trading, 2009, Péter Kondor
65. Role of Managerial Incentives and Discretion in Hedge Fund Performance, 2009, Vikas Agarwal; Naveen D. Daniel; Narayan Y. Naik
66. Securitization and the Declining Impact of Bank Finance on Loan Supply: Evidence from Mortgage Originations, 2009, Elena Loutskina; Philip E. Strahan
67. Sensation Seeking, Overconfidence, and Trading Activity, 2009, Mark Grinblatt; Matti Keloharju
68. Share Repurchases and Pay‐Performance Sensitivity of Employee Compensation Contracts, 2009, Ilona Babenko
69. Should Investors Bet on the Jockey or the Horse? Evidence from the Evolution of Firms from Early Business Plans to Public Companies, 2009, Steven N. Kaplan; Berk A. Sensoy; Per Strömberg
70. Target Behavior and Financing: How Conclusive Is the Evidence?, 2009, Xin Chang; Sudipto Dasgupta
71. The Corporate Propensity to Save, 2009, Leigh A. Riddick; Toni M. Whited
72. The Manipulation of Executive Stock Option Exercise Strategies: Information Timing and Backdating, 2009, David C. Cicero
73. The Price Is (Almost) Right, 2009, Randolph B. Cohen; Christopher Polk; Tuomo Vuolteenaho
74. The Price of Correlation Risk: Evidence from Equity Options, 2009, Joost Driessen; Pascal J. Maenhout; Grigory Vilkov
75. The Relation between Price and Performance in the Mutual Fund Industry, 2009, Javier Gil‐Bazo; Pablo Ruiz‐Verdú
76. Trading Costs and Returns for U.S. Equities: Estimating Effective Costs from Daily Data, 2009, Joel Hasbrouck
77. What Drives the Disposition Effect? An Analysis of a Long‐Standing Preference‐Based Explanation, 2009, Nicholas Barberis; Wei Xiong
78. Who Gambles in the Stock Market?, 2009, Alok Kumar
79. Why Are Buyouts Levered? The Financial Structure of Private Equity Funds, 2009, Ulf Axelson; Per Strömberg; Michael S. Weisbach
80. Why Do U.S. Firms Hold So Much More Cash than They Used To?, 2009, Thomas W. Bates; Kathleen M. Kahle; René M. Stulz
81. Work Ethic, Employment Contracts, and Firm Value, 2009, Bruce Ian Carlin; Simon Gervais

Journal of Financial Economics

1. A market-clearing role for inefficiency on a limit order book, 2009, Jeremy Large
2. Accruals, cash flows, and aggregate stock returns, 2009, David Hirshleifer; Kewei Hou; Siew Hong Teoh
3. Affiliated mutual funds and analyst optimism, 2009, Massimo Guidolin; Simona Mola
4. Are elite universities losing their competitive edge?, 2009, E. Han Kim; Adair Morse; Luigi Zingales
5. Are fairness opinions fair? The case of mergers and acquisitions, 2009, Darren J. Kisgen; Jun "Qj" Qian; Weihong Song
6. Asymmetric information effects on loan spreads, 2009, Victoria Ivashina
7. Bank governance, regulation and risk taking, 2009, Luc Laeven; Ross Levine
8. CEO pay and the Lake Wobegon Effect, 2009, Rachel M. Hayes; Scott Schaefer
9. Can interest rate volatility be extracted from the cross section of bond yields?, 2009, Pierre Collin-Dufresne; Robert S. Goldstein; Christopher S. Jones
10. Capital expenditures, financial constraints, and the use of options, 2009, Tim Adam
11. Cashflow risk, systematic earnings revisions, and the cross-section of stock returns, 2009, Zhi Da; Mitchell Craig Warachka
12. Caught on tape: Institutional trading, stock returns, and earnings announcements, 2009, John Y. Campbell; Tarun Ramadorai; Allie Schwartz
13. City size and fund performance, 2009, Susan E.K. Christoffersen; Sergei Sarkissian
14. Collateral pricing, 2009, Efraim Benmelech; Nittai K. Bergman
15. Conditional volatility in affine term-structure models: Evidence from Treasury and swap markets, 2009, Kris Jacobs; Lotfi Karoui
16. Convertible bond arbitrage, liquidity externalities, and stock prices, 2009, Darwin Choi; Mila Getmansky; Heather Tookes
17. Corruption in bank lending to firms: Cross-country micro evidence on the beneficial role of competition and information sharing, 2009, James R. Barth; Chen Lin; Ping Lin; Frank M. Song
18. Cosmetic mergers: The effect of style investing on the market for corporate control, 2009, Massimo Massa; Lei Zhang
19. Cost of capital effects and changes in growth expectations around U.S. cross-listings, 2009, Luzi Hail; Christian Leuz
20. Creditor control rights and firm investment policy, 2009, Greg Nini; David C. Smith; Amir Sufi
21. Cross-section of option returns and volatility, 2009, Amit Goyal; Alessio Saretto
22. Debt, bargaining, and credibility in firm-supplier relationships, 2009, Christopher A. Hennessy; Dmitry Livdan
23. Deductio' ad absurdum: CEOs donating their own stock to their own family foundations, 2009, David Yermack
24. Democratizing entry: Banking deregulations, financing constraints, and entrepreneurship, 2009, William R. Kerr; Ramana Nanda
25. Dispersion in analysts' earnings forecasts and credit rating, 2009, Doron Avramov; Tarun Chordia; Gergana Jostova; Alexander Philipov
26. Dividend policy, creditor rights, and the agency costs of debt, 2009, Paul Brockman; Emre Unlu
27. Do banks price their informational monopoly?, 2009, Galina Hale; João A.C. Santos
28. Do firms have leverage targets? Evidence from acquisitions, 2009, Jarrad Harford; Sandy Klasa; Nathan Walcott
29. Do liquidity measures measure liquidity?, 2009, Ruslan Y. Goyenko; Craig W. Holden; Charles A. Trzcinka
30. Does investor recognition predict returns?, 2009, Andriy Bodnaruk; Per Ostberg
31. Does religion matter in corporate decision making in America?, 2009, Gilles Hilary; Kai Wai Hui
32. Dynamic order submission strategies with competition between a dealer market and a crossing network, 2009, Mark Van Achter; Hans Degryse; Gunther Wuyts
33. Early-stage financing and firm growth in new industries, 2009, Roman Inderst; Holger M. Mueller
34. Employment risk, compensation incentives, and managerial risk taking: Evidence from the mutual fund industry, 2009, Alexander Kempf; Stefan Ruenzi; Tanja Thiele
35. Founders, heirs, and corporate opacity in the United States, 2009, Ronald C. Anderson; Augustine Duru; David M. Reeb
36. Global market integration: An alternative measure and its application, 2009, Kuntara Pukthuanthong; Richard Roll
37. Global private information in international equity markets, 2009, Rui Albuquerque; Gregory H. Bauer; Martin Schneider
38. Has New York become less competitive than London in global markets? Evaluating foreign listing choices over time, 2009, Craig Doidge; G. Andrew Karolyi; Ren M. Stulz
39. Hedging and competition, 2009, Tingjun Liu; Christine A. Parlour
40. Hidden liquidity: An analysis of order exposure strategies in electronic stock markets, 2009, Hendrik Bessembinder; Marios Panayides; Kumar Venkataraman
41. High idiosyncratic volatility and low returns: International and further U.S. evidence, 2009, Andrew Ang; Robert J. Hodrick; Yuhang Xing; Xiaoyan Zhang
42. Idiosyncratic risk and the cross-section of expected stock returns, 2009, Fangjian Fu
43. Individual investor mutual fund flows, 2009, Zoran Ivkovic; Scott Weisbenner
44. Inexperienced investors and bubbles, 2009, Robin Greenwood; Stefan Nagel
45. Information asymmetry and firms' credit market access: Evidence from Moody's credit rating format refinement, 2009, Tony T. Tang
46. Informed traders and limit order markets, 2009, Ronald L. Goettler; Christine A. Parlour; Uday Rajan
47. Institutional industry herding, 2009, Nicole Choi; Richard W. Sias
48. Investor activism and takeovers, 2009, Robin Greenwood; Michael Schor
49. It pays to have friends, 2009, Byoung-Hyoun Hwang; Seoyoung Kim
50. Liquidity risk and syndicate structure, 2009, Evan Gatev; Philip E. Strahan
51. Managerial ownership dynamics and firm value, 2009, Rüdiger Fahlenbrach; René M. Stulz
52. Managerial risk-taking behavior and equity-based compensation, 2009, Angie Low
53. Merger negotiations and the toehold puzzle, 2009, Sandra Betton; B. Espen Eckbo; Karin S. Thorburn
54. Mortgage timing, 2009, Otto Van Hemert; Ralph S.J. Koijen; Stijn Van Nieuwerburgh
55. Neighborhood matters: The impact of location on broad based stock option plans, 2009, Simi Kedia; Shiva Rajgopal
56. On the reversal of return and dividend growth predictability: A tale of two periods, 2009, Long Chen
57. Opaque financial reports, R2, and crash risk, 2009, Amy P. Hutton; Alan J. Marcus; Hassan Tehranian
58. Option markets and implied volatility: Past versus present, 2009, Scott Mixon
59. Options trading activity and firm valuation, 2009, Richard Roll; Eduardo Schwartz; Avanidhar Subrahmanyam
60. Payout policy and cash-flow uncertainty, 2009, J.B. Chay; Jungwon Suh
61. Performance evaluation and self-designated benchmark indexes in the mutual fund industry, 2009, Berk A. Sensoy
62. Predatory mortgage lending, 2009, Philip Bond; David K. Musto; Bilge Yilmaz
63. Predictability and the earnings-returns relation, 2009, Gil Sadka; Ronnie Sadka
64. Price-based return comovement, 2009, T. Clifton Green; Byoung-Hyoun Hwang
65. Product market advertising and new equity issues, 2009, Thomas Chemmanur; An Yan
66. Public and private enforcement of securities laws: Resource-based evidence, 2009, Howell E. Jackson; Mark J. Roe
67. Public trust, the law, and financial investment, 2009, Bruce Ian Carlin; Florin Dorobantu; S. Viswanathan
68. Redistribution by insurance market regulation: Analyzing a ban on gender-based retirement annuities, 2009, Amy Finkelstein; James Poterba; Casey Rothschild
69. Renegotiation of financial contracts: Evidence from private credit agreements, 2009, Michael R. Roberts; Amir Sufi
70. Risk sharing, finance, and institutions in international portfolios, 2009, Marcel Fratzscher; Jean Imbs
71. Risk, uncertainty, and asset prices, 2009, Geert Bekaert; Eric Engstrom; Yuhang Xing
72. Seasoned equity offerings: Quality of accounting information and expected flotation costs, 2009, Gemma Lee; Ronald W. Masulis
73. Sell on the news: Differences of opinion, short-sales constraints, and returns around earnings announcements, 2009, Henk Berkman; Valentin Dimitrov; Prem C. Jain; Paul D. Koch; Sheri Tice
74. Share issuance and cross-sectional returns: International evidence, 2009, R. David Mclean; Jeffrey Pontiff; Akiko Watanabe
75. Stock market liquidity and firm value, 2009, Vivian W. Fang; Thomas H. Noe; Sheri Tice
76. Stock splits, trading continuity, and the cost of equity capital, 2009, Ji-Chai Lin; Ajai K. Singh; Wen Yu
77. Strategic price complexity in retail financial markets, 2009, Bruce I. Carlin
78. Subsidiary debt, capital structure and internal capital markets, 2009, Adam C. Kolasinski
79. Synchronicity and firm interlocks in an emerging market, 2009, Tarun Khanna; Catherine Thomas
80. Technical analysis: An asset allocation perspective on the use of moving averages, 2009, Guofu Zhou; Yingzi Zhu
81. Technological innovations and aggregate risk premiums, 2009, Po-Hsuan Hsu
82. The impact of risk and uncertainty on expected returns, 2009, Evan W. Anderson; Eric Ghysels; Jennifer L. Juergens
83. The market for corporate control and the cost of debt, 2009, Jiaping Qiu; Fan Yu
84. The on-the-run liquidity phenomenon, 2009, Paolo Pasquariello; Clara Vega
85. The performance of reverse leveraged buyouts, 2009, Jerry Cao; Josh Lerner
86. The price of sin: The effects of social norms on markets, 2009, Harrison Hong; Marcin Kacperczyk
87. The role of institutional investors in seasoned equity offerings, 2009, Thomas J. Chemmanur; Shan He; Gang Hu
88. The strategic use of corporate cash holdings in collective bargaining with labor unions, 2009, Sandy Klasa; William F. Maxwell; Hernán Ortiz-Molina
89. The underpricing of private targets, 2009, John W. Cooney; Thomas Moeller; Mike Stegemoller
90. Underinvestment vs. overinvestment: Evidence from price reactions to pension contributions, 2009, Francesco Franzoni
91. What drives volatility persistence in the foreign exchange market?, 2009, David Berger; Alain Chaboud; Erik Hjalmarsson
92. Why is PIN priced?, 2009, Jefferson Duarte; Lance Young
93. Women in the boardroom and their impact on governance and performance, 2009, Renée B. Adams; Daniel Ferreira

Review of Financial Studies

1. A Dynamic Model of the Limit Order Book, 2009, Ioanid Rosu
2. A General Stochastic Volatility Model for the Pricing of Interest Rate Derivatives, 2009, Eduardo S. Schwartz; Anders B. Trolle
3. A Liquidity-Based Theory of Closed-End Funds, 2009, Martin Cherkes; Jacob Sagi; Richard Stanton
4. A Multiplicative Model of Optimal CEO Incentives in Market Equilibrium, 2009, Alex Edmans; Xavier Gabaix; Augustin Landier
5. A Reexamination of Corporate Governance and Equity Prices, 2009, Shane A. Johnson; Theodore C. Moorman; Sorin Sorescu
6. Ambiguity Aversion and the Term Structure of Interest Rates, 2009, Patrick Gagliardini; Paolo Porchia; Fabio Trojani
7. Ambiguity and Nonparticipation: The Role of Regulation, 2009, David Easley; Maureen O'Hara
8. An Economic Evaluation of Empirical Exchange Rate Models, 2009, Pasquale Della Corte; Lucio Sarno; Ilias Tsiakas
9. Anomalies, 2009, Erica X. N. Li; Dmitry Livdan; Lu Zhang
10. Are "Market Neutral" Hedge Funds Really Market Neutral?, 2009, Andrew J. Patton
11. Are there permanent valuation gains to overseas listing?, 2009, Sergei Sarkissian; Michael J. Schill
12. Assessing the Costs and Benefits of Brokers in the Mutual Fund Industry, 2009, Daniel Bergstresser; John M. R. Chalmers; Peter Tufano
13. Asset Returns and the Listing Choice of Firms, 2009, Shmuel Baruch; Gideon Saar
14. Asset Salability and Debt Maturity: Evidence from Nineteenth-Century American Railroads, 2009, Efraim Benmelech
15. Bank Debt and Corporate Governance, 2009, Victoria Ivashina; Nadia Massoud; Vinay B. Nair; Anthony Saunders; Roger Stover
16. Bank Lines of Credit in Corporate Finance: An Empirical Analysis, 2009, Amir Sufi
17. Bank Liquidity Creation, 2009, Allen N. Berger; Christa H. S. Bouwman
18. Bankruptcy Codes and Innovation, 2009, Viral V. Acharya; Krishnamurthy V. Subramanian
19. Basis Assets, 2009, Dong-Hyun Ahn; Jennifer Conrad; Robert F. Dittmar
20. Benchmarking Money Manager Performance: Issues and Evidence, 2009, Louis K. C. Chan; Stephen G. Dimmock; Josef Lakonishok
21. Big Business Owners in Politics, 2009, Pramuan Bunkanwanicha; Yupana Wiwattanakantang
22. Brokerage Commissions and Institutional Trading Patterns, 2009, Michael A. Goldstein; Paul Irvine; Eugene Kandel; Zvi Wiener
23. Cointegration and Consumption Risks in Asset Returns, 2009, Ravi Bansal; Robert Dittmar; Dana Kiku
24. Conflicts of Interest and Stock Recommendations: The Effects of the Global Settlement and Related Regulations, 2009, Ohad Kadan; Leonardo Madureira; Rong Wang; Tzachi Zach
25. Consensus in Diverse Corporate Boards, 2009, Nina Baranchuk; Philip H. Dybvig
26. Controlling for Fixed-Income Exposure in Portfolio Evaluation: Evidence from Hybrid Mutual Funds, 2009, George Comer; Norris Larrymore; Javier Rodriguez
27. Corporate Governance Transfer and Synergistic Gains from Mergers and Acquisitions, 2009, Cong Wang; Fei Xie
28. Corruption, Political Connections, and Municipal Finance, 2009, Alexander W. Butler; Larry Fauver; Sandra Mortal
29. Demand-Based Option Pricing, 2009, Nicolae Garleanu; Lasse Heje Pedersen; Allen M. Poteshman
30. Design and Renegotiation of Debt Covenants, 2009, Nicolae Garleanu; Jeffrey Zwiebel
31. Differences in Governance Practices between U.S. and Foreign Firms: Measurement, Causes, and Consequences, 2009, Reena Aggarwal; Isil Erel; René Stulz; Rohan Williamson
32. Differences of Opinion of Public Information and Speculative Trading in Stocks and Options, 2009, H. Henry Cao; Hui Ou-Yang
33. Disagreement and Learning in a Dynamic Contracting Model, 2009, Tobias Adrian; Mark M. Westerfield
34. Disappearing Dividends, Catering, and Risk, 2009, Gerard Hoberg; Nagpurnanand R. Prabhala
35. Distinguishing the Effect of Overconfidence from Rational Best-Response on Information Aggregation, 2009, Shimon Kogan
36. Dividends and Corporate Shareholders, 2009, Michael J. Barclay; Clifford G. Holderness; Dennis P. Sheehan
37. Do Foreigners Invest Less in Poorly Governed Firms?, 2009, Christian Leuz; Karl V. Lins; Francis E. Warnock
38. Do IPOs Affect the Prices of Other Stocks? Evidence from Emerging Markets, 2009, Matías Braun; Borja Larrain
39. Do Politically Connected Boards Affect Firm Value?, 2009, Eitan Goldman; Jörg Rocholl; Jongil So
40. Do Retail Trades Move Markets?, 2009, Brad M. Barber; Terrance Odean; Ning Zhu
41. Do Shareholder Rights Affect the Cost of Bank Loans?, 2009, Sudheer Chava; Dmitry Livdan; Amiyatosh Purnanandam
42. Does Asymmetric Information Drive Capital Structure Decisions?, 2009, Sreedhar T. Bharath; Paolo Pasquariello; Guojun Wu
43. Empire-Building or Bridge-Building? Evidence from New CEOs' Internal Capital Allocation Decisions, 2009, Yuhai Xuan
44. Empirical Analysis of Corporate Credit Lines, 2009, Gabriel Jiménez; Jose A. Lopez; Jesus Saurina
45. Entrepreneurial Learning, the IPO Decision, and the Post-IPO Drop in Firm Profitability, 2009, &Lubos Pástor; Lucian A. Taylor; Pietro Veronesi
46. Equity and Cash in Intercorporate Asset Sales: Theory and Evidence, 2009, Ulrich Hege; Stefano Lovo; Myron B. Slovin; Marie E. Sushka
47. Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches, 2009, Mitchell A. Petersen
48. Estimating the Effect of Hierarchies on Information Use, 2009, Jose M. Liberti; Atif R. Mian
49. Expected Returns and the Business Cycle: Heterogeneous Goods and Time-Varying Risk Aversion, 2009, Lars A. Lochstoer
50. Expected Stock Returns and Variance Risk Premia, 2009, Tim Bollerslev; George Tauchen; Hao Zhou
51. Explaining Credit Default Swap Spreads with the Equity Volatility and Jump Risks of Individual Firms, 2009, Benjamin Yibin Zhang; Hao Zhou; Haibin Zhu
52. Failure Is an Option: Impediments to Short Selling and Options Prices, 2009, Richard B. Evans; Christopher C. Geczy; Adam V. Reed
53. Financial Analysts' Performance: Sector Versus Country Specialization, 2009, Frédéric Sonney
54. Financial Contracting with Optimistic Entrepreneurs, 2009, Augustin Landier; David Thesmar
55. Flight-to-Quality or Flight-to-Liquidity? Evidence from the Euro-Area Bond Market, 2009, Alessandro Beber; Michael W. Brandt; Kenneth A. Kavajecz
56. Good Times or Bad Times? Investors' Uncertainty and Stock Returns, 2009, Arzu Ozoguz
57. Government Control of Privatized Firms, 2009, Bernardo Bortolotti; Mara Faccio
58. Harming Depositors and Helping Borrowers: The Disparate Impact of Bank Consolidation, 2009, Kwangwoo Park; George Pennacchi
59. Hedge Funds as Investors of Last Resort?, 2009, David J. Brophy; Paige P. Ouimet; Clemens Sialm
60. How Active Is Your Fund Manager? A New Measure That Predicts Performance, 2009, K. J. Martijn Cremers; Antti Petajisto
61. How Are U.S. Family Firms Controlled?, 2009, Raphael Amit; Belén Villalonga
62. How Do Mergers Create Value? A Comparison of Taxes, Market Power, and Efficiency Improvements as Explanations for Synergies, 2009, Erik Devos; Palani-Rajan Kadapakkam; Srinivasan Krishnamurthy
63. How Noise Trading Affects Markets: An Experimental Analysis, 2009, Robert Bloomfield; Maureen O'Hara; Gideon Saar
64. How Smart Are the Smart Guys? A Unique View from Hedge Fund Stock Holdings, 2009, John M. Griffin; Jin Xu
65. IPO Pricing and Allocation: A Survey of the Views of Institutional Investors, 2009, Tim Jenkinson; Howard Jones
66. Idiosyncratic Return Volatility, Cash Flows, and Product Market Competition, 2009, Paul J. Irvine; Jeffrey Pontiff
67. Incentive Contracts in Delegated Portfolio Management, 2009, C. Wei Li; Ashish Tiwari
68. Incentives and Mutual Fund Performance: Higher Performance or Just Higher Risk Taking?, 2009, Massimo Massa
69. Information in Equity Markets with Ambiguity-Averse Investors, 2009, Judson A. Caskey
70. Insider Trading Laws and Stock Price Informativeness, 2009, Nuno Fernandes; Miguel A. Ferreira
71. Institutional Investors and Equity Returns: Are Short-term Institutions Better Informed?, 2009, Xuemin (Sterling) Yan; Zhe Zhang
72. Institutional Investors and the Informational Efficiency of Prices, 2009, Ekkehart Boehmer; Eric K. Kelley
73. Investment Banks as Insiders and the Market for Corporate Control, 2009, Andriy Bodnaruk; Massimo Massa; Andrei Simonov
74. Investment, Financing Constraints, and Internal Capital Markets: Evidence from the Advertising Expenditures of Multinational Firms, 2009, C. Edward Fee; Charles J. Hadlock; Joshua R. Pierce
75. Is the Market for Mortgage-Backed Securities a Market for Lemons?, 2009, Chris Downing; Dwight Jaffee
76. Just How Much Do Individual Investors Lose by Trading?, 2009, Brad M. Barber; Yi-Tsung Lee; Yu-Jane Liu; Terrance Odean
77. Large Shareholders and Corporate Policies, 2009, Henrik Cronqvist; Rüdiger Fahlenbrach
78. Leasing, Ability to Repossess, and Debt Capacity, 2009, Andrea L. Eisfeldt; Adriano A. Rampini
79. Lending Relationships and Loan Contract Terms, 2009, Sreedhar T. Bharath; Sandeep Dahiya; Anthony Saunders; Anand Srinivasan
80. Liquidity and Manipulation of Executive Compensation Schemes, 2009, Ulf Axelson; Sandeep Baliga
81. Liquidity and Market Crashes, 2009, Jennifer Huang; Jiang Wang
82. Loyalty-Based Portfolio Choice, 2009, Lauren Cohen
83. Macro Factors in Bond Risk Premia, 2009, Sydney C. Ludvigson; Serena Ng
84. Managing Bank Liquidity Risk: How Deposit-Loan Synergies Vary with Market Conditions, 2009, Evan Gatev; Til Schuermann; Philip E. Strahan
85. Margin Trading, Overpricing, and Synchronization Risk, 2009, Sanjeev Bhojraj; Robert J. Bloomfield; William B. Tayler
86. Market Liquidity and Funding Liquidity, 2009, Markus K. Brunnermeier; Lasse Heje Pedersen
87. Market Valuation and Acquisition Quality: Empirical Evidence, 2009, Christa H. S. Bouwman; Kathleen Fuller; Amrita S. Nain
88. Measuring Abnormal Bond Performance, 2009, Hendrik Bessembinder; Kathleen M. Kahle; William F. Maxwell; Danielle Xu
89. Mispricing of S&P 500 Index Options, 2009, George M. Constantinides; Jens Carsten Jackwerth; Stylianos Perrakis
90. Model Comparison Using the Hansen-Jagannathan Distance, 2009, Raymond Kan; Cesare Robotti
91. Motivating Entrepreneurial Activity in a Firm, 2009, Antonio E. Bernardo; Hongbin Cai; Jiang Luo
92. Multinationals as Arbitrageurs: The Effect of Stock Market Valuations on Foreign Direct Investment, 2009, Malcolm Baker; C. Fritz Foley; Jeffrey Wurgler
93. Multiple-Predictor Regressions: Hypothesis Testing, 2009, Yakov Amihud; Clifford M. Hurvich; Yi Wang
94. Mutual Fund Fees Around the World, 2009, Ajay Khorana; Henri Servaes; Peter Tufano
95. New Measures for Performance Evaluation, 2009, Alexander Cherny; Dilip Madan
96. Nondiversification Traps in Catastrophe Insurance Markets, 2009, Rustam Ibragimov; Dwight Jaffee; Johan Walden
97. Nonparametric Estimation of State-Price Densities Implicit in Interest Rate Cap Prices, 2009, Haitao Li; Feng Zhao
98. On Loan Sales, Loan Contracting, and Lending Relationships, 2009, Steven Drucker; Manju Puri
99. On the Growth Effect of Stock Market Liberalizations, 2009, Nandini Gupta; Kathy Yuan
100. On the Relation Between the Credit Spread Puzzle and the Equity Premium Puzzle, 2009, Long Chen; Pierre Collin-Dufresne; Robert S. Goldstein
101. Open-Loop Equilibria and Perfect Competition in Option Exercise Games, 2009, Kerry Back; Dirk Paulsen
102. Optimal Executive Compensation when Firm Size Follows Geometric Brownian Motion, 2009, Zhiguo He
103. Optimal Filtering of Jump Diffusions: Extracting Latent States from Asset Prices, 2009, Michael S. Johannes; Nicholas G. Polson; Jonathan R. Stroud
104. Optimal Versus Naive Diversification: How Inefficient is the 1-N Portfolio Strategy?, 2009, Victor Demiguel; Lorenzo Garlappi; Raman Uppal
105. Option Backdating and Board Interlocks, 2009, John Bizjak; Michael Lemmon; Ryan Whitby
106. Ownership: Evolution and Regulation, 2009, Julian Franks; Colin Mayer; Stefano Rossi
107. Parametric Portfolio Policies: Exploiting Characteristics in the Cross-Section of Equity Returns, 2009, Michael W. Brandt; Pedro Santa-Clara; Rossen Valkanov
108. Pension Reform, Ownership Structure, and Corporate Governance: Evidence from a Natural Experiment, 2009, Mariassunta Giannetti; Luc Laeven
109. Price Drift as an Outcome of Differences in Higher-Order Beliefs, 2009, Snehal Banerjee; Ron Kaniel; Ilan Kremer
110. Promotion Tournaments and Capital Rationing, 2009, Bing Han; David Hirshleifer; John C. Persons
111. Return Decomposition, 2009, Long Chen; Xinlei Zhao
112. Returns to Shareholder Activism: Evidence from a Clinical Study of the Hermes UK Focus Fund, 2009, Marco Becht; Julian Franks; Colin Mayer; Stefano Rossi
113. Risk Shifting versus Risk Management: Investment Policy in Corporate Pension Plans, 2009, Joshua D. Rauh
114. Scaling the Hierarchy: How and Why Investment Banks Compete for Syndicate Co-management Appointments, 2009, Alexander Ljungqvist; Felicia Marston; William J. Wilhelm
115. Short-Sale Strategies and Return Predictability, 2009, Karl B. Diether; Kuan-Hui Lee; Ingrid M. Werner
116. Simulation-Based Estimation of Contingent-Claims Prices, 2009, Peter C. B. Phillips; Jun Yu
117. Size and Focus of a Venture Capitalist's Portfolio, 2009, Paolo Fulghieri
118. Strategic Disclosure and Stock Returns: Theory and Evidence from US Cross-Listing, 2009, Shingo Goto; Masahiro Watanabe; Yan Xu
119. Strategic Financial Innovation in Segmented Markets, 2009, Rohit Rahi; Jean-Pierre Zigrand
120. Systematic Risk and the Price Structure of Individual Equity Options, 2009, Jin-Chuan Duan; Jason Wei
121. Takeovers and the Cross-Section of Returns, 2009, K. J. Martijn Cremers; Kose John; Vinay B. Nair
122. Testing Portfolio Efficiency with Conditioning Information, 2009, Wayne E. Ferson; Andrew F. Siegel
123. The "Wall Street Walk" and Shareholder Activism: Exit as a Form of Voice, 2009, Anat R. Admati; Paul Pfleiderer
124. The Choice of Corporate Liquidity and Corporate Governance, 2009, Hayong Yun
125. The Economics of Fraudulent Accounting, 2009, Simi Kedia; Thomas Philippon
126. The Effect of Introducing a Non-Redundant Derivative on the Volatility of Stock-Market Returns When Agents Differ in Risk Aversion, 2009, Harjoat S. Bhamra; Raman Uppal
127. The Effectiveness of Reputation as a Disciplinary Mechanism in Sell-Side Research, 2009, Lily Fang; Ayako Yasuda
128. The Effects and Unintended Consequences of the Sarbanes-Oxley Act on the Supply and Demand for Directors, 2009, James S. Linck; Jeffry M. Netter; Tina Yang
129. The Euro and Corporate Valuations, 2009, Arturo Bris; Yrjö Koskinen; Mattias Nilsson
130. The Geography of Hedge Funds, 2009, Melvyn Teo
131. The Limitations of Industry Concentration Measures Constructed with Compustat Data: Implications for Finance Research, 2009, Ashiq Ali; Sandy Klasa; Eric Yeung
132. The Long-Term Effects of Cross-Listing, Investor Recognition, and Ownership Structure on Valuation, 2009, Michael R. King; Dan Segal
133. The Myth of Diffuse Ownership in the United States, 2009, Clifford G. Holderness
134. The Nature and Persistence of Buyback Anomalies, 2009, Urs Peyer
135. The Performance of Private Equity Funds, 2009, Oliver Gottschalg; Ludovic Phalippou
136. The Real Effects of Debt Certification: Evidence from the Introduction of Bank Loan Ratings, 2009, Amir Sufi
137. The Sale of Multiple Assets with Private Information, 2009, Zhiguo He
138. The Stock Market and Corporate Investment: A Test of Catering Theory, 2009, Christopher Polk; Paola Sapienza
139. Theory-Based Illiquidity and Asset Pricing, 2009, Tarun Chordia; Sahn-Wook Huh; Avanidhar Subrahmanyam
140. Time-Varying Risk Premiums and the Output Gap, 2009, Ilan Cooper
141. Trade-offs in Staying Close: Corporate Decision Making and Geographic Dispersion, 2009, Augustin Landier; Vinay B. Nair; Julie Wulf
142. Trading Restrictions and Stock Prices, 2009, Robin Greenwood
143. Tunnel-Proofing the Executive Suite: Transparency, Temptation, and the Design of Executive Compensation, 2009, Thomas H. Noe
144. Understanding Index Option Returns, 2009, Mark Broadie; Mikhail Chernov; Michael Johannes
145. Unspanned Stochastic Volatility and the Pricing of Commodity Derivatives, 2009, Eduardo S. Schwartz; Anders B. Trolle
146. Variance Risk Premiums, 2009, Peter Carr; Liuren Wu
147. What Matters in Corporate Governance?, 2009, Lucian Bebchuk; Alma Cohen; Allen Ferrell
148. Y2K Options and the Liquidity Premium in Treasury Markets, 2009, Suresh Sundaresan; Zhenyu Wang

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