Details about René M. Stulz

Homepage:	http://u.osu.edu/stulz.1/
Workplace:	Department of Finance, Fisher College of Business, Ohio State University, (more information at EDIRC)

Access statistics for papers by René M. Stulz.

Last updated 2023-03-16. Update your information in the RePEc Author Service.

Short-id: pst226

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Working Papers

2020

1. The US Equity Valuation Premium, Globalization, and Climate Change Risks
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
2. Why Are Corporate Payouts So High in the 2000s?
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)

2019

3. Are Analyst Trade Ideas Valuable?
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
   Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2019) View citations (2)
4. Do Distressed Banks Really Gamble for Resurrection?
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
   Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2019) View citations (9)
5. FinTech, BigTech, and the Future of Banks
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (73)
   Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2019) View citations (74)
   See also Journal Article FinTech, BigTech, and the Future of Banks, Journal of Applied Corporate Finance, Morgan Stanley (2019) View citations (73) (2019)
6. Public versus Private Equity
   Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (1)
7. Securities Laws and the Choice Between Loans and Bonds for Highly Levered Firms
   Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (2)
8. Securities Laws, Bank Monitoring, and the Choice Between Cov-lite Loans and Bonds for Highly Levered
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
9. Why is There a Secular Decline in Idiosyncratic Risk in the 2000s?
   Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (2)

2018

10. Are the Largest Banks Valued More Highly?
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2017) View citations (16)
    NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (16)
    See also Journal Article Are the Largest Banks Valued More Highly?, The Review of Financial Studies, Society for Financial Studies (2019) View citations (14) (2019)
11. Does Capital Flow More to High Tobin's Q Industries?
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (1)
12. Eclipse of the Public Corporation or Eclipse of the Public Markets?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2018) View citations (17)
13. What Is the Impact of Successful Cyberattacks on Target Firms?
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (15)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2018) View citations (12)
14. Why Are Firms With More Managerial Ownership Worth Less?
    Swiss Finance Institute Research Paper Series, Swiss Finance Institute View citations (3)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2018) View citations (3)
    NBER Working Papers, National Bureau of Economic Research, Inc (2018) View citations (3)
15. Why Has Idiosyncratic Risk Been Historically Low in Recent Years?
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (8)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2018) View citations (7)

2017

16. Corporate Deleveraging and Financial Flexibility
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (6)
    See also Journal Article Corporate Deleveraging and Financial Flexibility, The Review of Financial Studies, Society for Financial Studies (2018) View citations (31) (2018)
17. Do Firms Issue More Equity When Markets Become More Liquid?
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (1)
    See also Journal Article Do firms issue more equity when markets become more liquid?, Journal of Financial Economics, Elsevier (2019) View citations (28) (2019)
18. Does the Stock Market Make Firms More Productive?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2017) View citations (1)
    See also Journal Article Does the stock market make firms more productive?, Journal of Financial Economics, Elsevier (2020) View citations (38) (2020)
19. How Important Was Contagion Through Banks During the European Sovereign Crisis?
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (3)
20. Is Post-Crisis Bond Liquidity Lower?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (32)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2017) View citations (33)
21. Is the U.S. Public Corporation in Trouble?
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (44)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (1)
    See also Journal Article Is the US Public Corporation in Trouble?, Journal of Economic Perspectives, American Economic Association (2017) View citations (61) (2017)
22. What is the Shareholder Wealth Impact of Target CEO Retention in Private Equity Deals?
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (5)
    See also Journal Article What is the shareholder wealth impact of target CEO retention in private equity deals?, Journal of Corporate Finance, Elsevier (2017) View citations (5) (2017)
23. Why Does Idiosyncratic Risk Increase with Market Risk?
    CESifo Working Paper Series, CESifo View citations (1)
    Also in CFS Working Paper Series, Center for Financial Studies (CFS) (2016) View citations (2)
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2016) View citations (3)
    NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (2)

2016

24. Corporate Deleveraging
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (4)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (4)
25. Why Does Capital No Longer Flow More to the Industries with the Best Growth Opportunities?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (23)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2016) View citations (23)
26. Why Does Fast Loan Growth Predict Poor Performance for Banks?
    Swiss Finance Institute Research Paper Series, Swiss Finance Institute View citations (9)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2016) View citations (9)
    NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (9)
    See also Journal Article Why Does Fast Loan Growth Predict Poor Performance for Banks?, The Review of Financial Studies, Society for Financial Studies (2018) View citations (30) (2018)

2015

27. Are Firms in "Boring" Industries Worth Less?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2015) View citations (1)
28. Bank Sovereign Bond Holdings, Sovereign Shock Spillovers, and Moral Hazard durning the European Crisis
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (16)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (16)
29. The U.S. Listing Gap
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (1)
    See also Journal Article The U.S. listing gap, Journal of Financial Economics, Elsevier (2017) View citations (50) (2017)
30. Why Don’t All Banks Practice Regulatory Arbitrage? Evidence from Usage of Trust Preferred Securities
    Swiss Finance Institute Research Paper Series, Swiss Finance Institute
    See also Journal Article Why Don't All Banks Practice Regulatory Arbitrage? Evidence from Usage of Trust-Preferred Securities, The Review of Financial Studies, Society for Financial Studies (2016) View citations (25) (2016)

2014

31. Do U.S. Firms Hold More Cash?
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (1)
32. Governance, Risk Management, and Risk-Taking in Banks
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (8)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (8)
    Working Papers, University of Pennsylvania, Wharton School, Weiss Center (2014) View citations (8)
33. Is Sell-Side Research More Valuable in Bad Times?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2013)
    See also Journal Article Is Sell‐Side Research More Valuable in Bad Times?, Journal of Finance, American Finance Association (2018) View citations (43) (2018)
34. Were There Fire Sales in the RMBS Market?
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (19)
35. Why Do Banks Practice Regulatory Arbitrage? Evidence from Usage of Trust Preferred Securities
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2014) View citations (5)
    Working Papers, University of Pennsylvania, Wharton School, Weiss Center (2014) View citations (4)

2013

36. Do Firms Issue More Equity When Markets Are More Liquid?
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (4)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (4)
37. Is There a U.S. High Cash Holdings Puzzle after the Financial Crisis?
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (33)
38. Limited Managerial Attention and Corporate Aging
    Swiss Finance Institute Research Paper Series, Swiss Finance Institute View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (2)
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2013) View citations (1)
39. Why High Leverage Is Optimal for Banks
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (38)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (38)
    Working Papers, University of Pennsylvania, Wharton School, Weiss Center (2013) View citations (41)

2012

40. Access to Capital, Investment, and the Financial Crisis
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (4)
    See also Journal Article Access to capital, investment, and the financial crisis, Journal of Financial Economics, Elsevier (2013) View citations (232) (2013)
41. Did Capital Requirements and Fair Value Accounting Spark Fire Sales in Distressed Mortgage-Backed Securities?
    Working Papers, University of Pennsylvania, Wharton School, Weiss Center View citations (45)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2012) View citations (40)
    NBER Working Papers, National Bureau of Economic Research, Inc (2012) View citations (42)
42. Does Target CEO Retention in Acquisitions Involving Private Equity Acquirers Harm Target Shareholders?
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (1)
43. Financial Globalization and the Rise of IPOs outside the U.S
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (3)
44. Globalization, Country Governance, and Corporate Investment Decisions: An Analysis of Cross-Border Acquisitions
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (2)
45. Multinationals and the High Cash Holdings Puzzle
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (28)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2012) View citations (30)
46. Why Did Financial Institutions sell RMBS at Fire Sale Prices during the Finacial Crisis?
    Working Papers, University of Pennsylvania, Wharton School, Weiss Center View citations (1)
47. Why Did Holdings of Highly-Rated Securitization Tranches Differ So Much across Banks?
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics
    See also Journal Article Why Did Holdings of Highly Rated Securitization Tranches Differ So Much across Banks?, The Review of Financial Studies, Society for Financial Studies (2014) View citations (33) (2014)
48. Why are U.S. Stocks More Volatile?
    MPRA Paper, University Library of Munich, Germany View citations (99)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2011) View citations (1)
    See also Journal Article Why Are U.S. Stocks More Volatile?, Journal of Finance, American Finance Association (2012) View citations (99) (2012)

2011

49. Corporate Acquisitions, Diversification, and the Firm's Lifecycle
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (2)
    See also Journal Article Corporate Acquisitions, Diversification, and the Firm's Life Cycle, Journal of Finance, American Finance Association (2016) View citations (35) (2016)
50. Financial Policies, Investment, and the Financial Crisis: Impaired Credit Channel or Diminished Demand for Capital?
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (12)
51. Globalization, Governance, and the Returns to Cross-Border Acquisitions
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (23)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (21)
52. Liquidity Shocks and Hedge Fund Contagion
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics
53. The U.S. Left Behind: The Rise of IPO Activity Around the World
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2011) View citations (5)
54. This Time Is the Same: Using Bank Performance in 1998 to Explain Bank Performance During the Recent Financial Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2011) View citations (10)
    Swiss Finance Institute Research Paper Series, Swiss Finance Institute (2011) View citations (10)
    See also Journal Article This Time Is the Same: Using Bank Performance in 1998 to Explain Bank Performance during the Recent Financial Crisis, Journal of Finance, American Finance Association (2012) View citations (228) (2012)
55. Why Did U.S. Banks Invest in Highly-Rated Securitization Tranches?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2011) View citations (9)

2010

56. Are Acquisition Premiums Lower because of Target CEOs' Conflicts of Interest?
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (6)
57. Financial Policies and the Financial Crisis: How Important Was the Systemic Credit Contraction for Industrial Corporations?
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (22)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (22)
58. The Credit Crisis around the Globe: Why Did Some Banks Perform Better?
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (25)
    See also Journal Article The credit crisis around the globe: Why did some banks perform better?, Journal of Financial Economics, Elsevier (2012) View citations (650) (2012)
59. The Dark Side of Outside Directors: Do They Quit When They Are Most Needed?
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (27)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (27)
    Swiss Finance Institute Research Paper Series, Swiss Finance Institute (2010) View citations (27)

2009

60. Bank CEO Incentives and the Credit Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (27)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2009) View citations (16)
    Swiss Finance Institute Research Paper Series, Swiss Finance Institute (2009) View citations (24)
    See also Journal Article Bank CEO incentives and the credit crisis, Journal of Financial Economics, Elsevier (2011) View citations (415) (2011)
61. Credit Default Swaps and the Credit Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2009) View citations (17)
    See also Journal Article Credit Default Swaps and the Credit Crisis, Journal of Economic Perspectives, American Economic Association (2010) View citations (185) (2010)
62. Do Target CEOs Sell Out Their Shareholders to Keep Their Job in a Merger?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2009) View citations (15)
63. When Are Analyst Recommendation Changes Influential?
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (2)
    See also Journal Article When Are Analyst Recommendation Changes Influential?, The Review of Financial Studies, Society for Financial Studies (2011) View citations (131) (2011)
64. Why Did Some Banks Perform Better During the Credit Crisis? A Cross-Country Study of the Impact of Governance and Regulation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (89)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2009) View citations (88)
65. Why Do Foreign Firms Have Less Idiosyncratic Risk Than U.S. Firms?
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (26)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (22)
66. Why Do Foreign Firms Leave U.S. Equity Markets?
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (3)
    See also Journal Article Why Do Foreign Firms Leave U.S. Equity Markets?, Journal of Finance, American Finance Association (2010) View citations (53) (2010)

2008

67. Financial globalization, governance, and the evolution of the home bias
    Globalization Institute Working Papers, Federal Reserve Bank of Dallas View citations (2)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2006) View citations (39)
    BIS Working Papers, Bank for International Settlements (2006) View citations (13)
    NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (39)
    See also Journal Article Financial Globalization, Governance, and the Evolution of the Home Bias, Journal of Accounting Research, Wiley Blackwell (2009) View citations (108) (2009)
68. Hedge Fund Contagion and Liquidity
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (13)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (13)
69. How Much Do Banks Use Credit Derivatives to Hedge Loans?
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (11)
    See also Journal Article How Much Do Banks Use Credit Derivatives to Hedge Loans?, Journal of Financial Services Research, Springer (2009) View citations (107) (2009)
70. Is There Hedge Fund Contagion?
    Working Papers, University of Pennsylvania, Wharton School, Weiss Center View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (12)
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2006) View citations (14)
71. Managerial Ownership Dynamics and Firm Value
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (6)
    See also Journal Article Managerial ownership dynamics and firm value, Journal of Financial Economics, Elsevier (2009) View citations (63) (2009)
72. Risk Management Failures: What Are They and When Do They Happen?
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (52)
    See also Journal Article Risk Management Failures: What Are They and When Do They Happen?, Journal of Applied Corporate Finance, Morgan Stanley (2008) View citations (52) (2008)
73. Securities Laws, Disclosure, and National Capital Markets in the Age of Financial Globalization
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    See also Journal Article Securities Laws, Disclosure, and National Capital Markets in the Age of Financial Globalization, Journal of Accounting Research, Wiley Blackwell (2009) View citations (36) (2009)
74. Why Do Firms Appoint CEOs as Outside Directors?
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (3)
    See also Journal Article Why do firms appoint CEOs as outside directors?, Journal of Financial Economics, Elsevier (2010) View citations (104) (2010)
75. Why Do Foreign Firms Leave U.S. Equity Markets? An Analysis of Deregistrations under SEC Exchange Act Rule 12h-6
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (4)

2007

76. Differences in Governance Practices between U.S. and Foreign Firms: Measurement, Causes, and Consequences
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (10)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (4)
    See also Chapter Differences in Governance Practices between US and Foreign Firms: Measurement, Causes, and Consequences, NBER Chapters, National Bureau of Economic Research, Inc (2010) View citations (63) (2010)
    Journal Article Differences in Governance Practices between U.S. and Foreign Firms: Measurement, Causes, and Consequences, The Review of Financial Studies, Society for Financial Studies (2010) View citations (63) (2010)
77. Do U.S. Firms Have the Best Corporate Governance? A Cross-Country Examination of the Relation between Corporate Governance and Shareholder Wealth
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2006) View citations (5)
78. Fundamentals, Market Timing, and Seasoned Equity Offerings
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (12)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (12)
79. Has New York Become Less Competitive in Global Markets? Evaluating Foreign Listing Choices Over Time
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (25)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2007) View citations (23)
80. Hedge Funds: Past, Present, and Future
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (73)
    See also Journal Article Hedge Funds: Past, Present, and Future, Journal of Economic Perspectives, American Economic Association (2007) View citations (68) (2007)
81. Why Do Private Acquirers Pay So Little Compared to Public Acquirers?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2007) View citations (10)
    See also Journal Article Why do private acquirers pay so little compared to public acquirers?, Journal of Financial Economics, Elsevier (2008) View citations (120) (2008)
82. Why Do U.S. Firms Hold So Much More Cash Than They Used To?
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (24)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (22)
    See also Journal Article Why Do U.S. Firms Hold So Much More Cash than They Used To?, Journal of Finance, American Finance Association (2009) View citations (1007) (2009)

2006

83. Do Local Analysts Know More? A Cross-Country Study of the Performance of Local Analysts and Foreign Analysts
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations (18)
    See also Journal Article Do local analysts know more? A cross-country study of the performance of local analysts and foreign analysts, Journal of Financial Economics, Elsevier (2008) View citations (219) (2008)
84. Enterprise Risk Management: Theory and Practice
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (100)
    See also Journal Article Enterprise Risk Management: Theory and Practice, Journal of Applied Corporate Finance, Morgan Stanley (2006) View citations (100) (2006)
85. Financial Globalization, Corporate Governance, and Eastern Europe
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2005) View citations (1)
    See also Chapter Financial Globalization, Corporate Governance and Eastern Europe, Chapters, Edward Elgar Publishing (2006) View citations (1) (2006)
86. Merton Miller
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics
87. The Economics of Conflicts of Interest in Financial Institutions
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (1)
    See also Journal Article The economics of conflicts of interest in financial institutions, Journal of Financial Economics, Elsevier (2007) View citations (108) (2007)

2005

88. Do Investors Trade More When Stocks Have Performed Well? Evidence from 46 Countries
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics
    See also Journal Article Do Investors Trade More When Stocks Have Performed Well? Evidence from 46 Countries, The Review of Financial Studies, Society for Financial Studies (2007) View citations (109) (2007)
89. How Much Do Banks Use Credit Derivatives to Reduce Risk?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (30)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2005) View citations (29)
90. Private Benefits of Control, Ownership, and the Cross-Listing Decision
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (25)
    Also in Working Papers, University of Pennsylvania, Wharton School, Weiss Center (2005) View citations (21)
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2005) View citations (21)
    See also Journal Article Private Benefits of Control, Ownership, and the Cross‐listing Decision, Journal of Finance, American Finance Association (2009) View citations (133) (2009)
91. The Limits of Financial Globalization
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (451)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations (451)
    See also Journal Article The Limits of Financial Globalization, Journal of Applied Corporate Finance, Morgan Stanley (2007) View citations (5) (2007)
92. The Risks of Financial Institutions
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (44)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2005) View citations (12)
    See also Book The Risks of Financial Institutions, NBER Books, National Bureau of Economic Research, Inc (2007) View citations (19) (2007)
93. Why Do Firms Become Widely Held? An Analysis of the Dynamics of Corporate Ownership
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (5)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations (5)
    See also Journal Article Why Do Firms Become Widely Held? An Analysis of the Dynamics of Corporate Ownership, Journal of Finance, American Finance Association (2007) View citations (85) (2007)

2004

94. Dividend Policy, Agency Costs, and Earned Equity
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (18)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (19)
95. Do Acquirers With More Uncertain Growth Prospects Gain Less From Acquisitions?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2004) View citations (5)
96. Do Domestic Investors Have an Edge? The Trading Experience of Foreign Investors in Korea
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2004) View citations (18)
    See also Journal Article Do Domestic Investors Have an Edge? The Trading Experience of Foreign Investors in Korea, The Review of Financial Studies, Society for Financial Studies (2005) View citations (296) (2005)
97. Should We Fear Derivatives?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (51)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2004) View citations (51)
    See also Journal Article Should We Fear Derivatives?, Journal of Economic Perspectives, American Economic Association (2004) View citations (51) (2004)
98. Stock Market Trading and Market Conditions
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (10)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (10)
99. Wealth Destruction on a Massive Scale? A Study of Acquiring-Firm Returns in the Recent Merger Wave
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)
    See also Journal Article Wealth Destruction on a Massive Scale? A Study of Acquiring‐Firm Returns in the Recent Merger Wave, Journal of Finance, American Finance Association (2005) View citations (429) (2005)
100. Why Do Countries Matter So Much for Corporate Governance?
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (46)
     Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2004) View citations (42)
     See also Journal Article Why do countries matter so much for corporate governance?, Journal of Financial Economics, Elsevier (2007) View citations (444) (2007)

2003

101. Do Firms in Countries with Poor Protection of Investor Rights Hold More Cash?
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (39)
102. Do shareholders of acquiring firms gain from acquisitions?
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (26)
103. Equity market liberalizations as country IPOs
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (41)
     See also Journal Article Equity-Market Liberalizations as Country IPO's, American Economic Review, American Economic Association (2003) View citations (39) (2003)

2002

104. Are Financial Assets Priced Locally or Globally?
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (142)
     See also Chapter Are financial assets priced locally or globally?, Handbook of the Economics of Finance, Elsevier (2003) View citations (242) (2003)
105. Corporate Governance and the Home Bias
     SIFR Research Report Series, Institute for Financial Research View citations (16)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (2001) View citations (28)
     See also Journal Article Corporate Governance and the Home Bias, Journal of Financial and Quantitative Analysis, Cambridge University Press (2003) View citations (247) (2003)
106. Daily Cross-Border Equity Flows: Pushed or Pulled?
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (21)

2001

107. A new approach to measuring financial contagion
     Proceedings, Federal Reserve Bank of Chicago View citations (3)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) View citations (39)
     See also Journal Article A New Approach to Measuring Financial Contagion, The Review of Financial Studies, Society for Financial Studies (2003) View citations (657) (2003)
108. Culture, Openness, and Finance
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (49)
     See also Journal Article Culture, openness, and finance, Journal of Financial Economics, Elsevier (2003) View citations (703) (2003)
109. Do Domestic Investors Have More Valuable Information About Individual Stocks Than Foreign Investors?
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (51)
110. Why are Foreign Firms Listed in the U.S. Worth More?
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (42)
     See also Journal Article Why are foreign firms listed in the U.S. worth more?, Journal of Financial Economics, Elsevier (2004) View citations (599) (2004)

2000

111. Asset Liquidity and Segment Divestitures
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
112. Firm Value, Risk, and Growth Opportunities
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (50)
113. U.S. Banks, Crises, and Bailouts: From Mexico to LTCM
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (59)
     See also Journal Article U.S. Banks, Crises, and Bailouts: From Mexico to LTCM, American Economic Review, American Economic Association (2000) View citations (62) (2000)

1999

114. Banks, the IMF, and the Asian Crisis
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (19)
     See also Journal Article Banks, the IMF, and the Asian crisis, Pacific-Basin Finance Journal, Elsevier (2000) View citations (46) (2000)
115. Corporate Focusing and Internal Capital Markets
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
116. Globalization of Equity Markets and the Cost of Capital
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (230)

1998

117. Do Foreign Investors Destabilize Stock Markets? The Korean Experience in 1997
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
     See also Journal Article Do foreign investors destabilize stock markets? The Korean experience in 1997, Journal of Financial Economics, Elsevier (1999) View citations (325) (1999)

1997

118. International Competition and Exchange Rate Shocks: A Cross-Country Industry Analysis of Stock Returns
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
     See also Journal Article International Competition and Exchange Rate Shocks: A Cross-Country Industry Analysis of Stock Returns, The Review of Financial Studies, Society for Financial Studies (2001) View citations (223) (2001)
119. Is Bank-Centered Corporate Governance Worth It? A Cross-Sectional Analysis of the Performance of Japanese Firms during the Asset Price Deflation
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (24)
120. The Determinants and Implications of Corporate Cash Holdings
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
     See also Journal Article The determinants and implications of corporate cash holdings, Journal of Financial Economics, Elsevier (1999) View citations (1167) (1999)

1996

121. An Analysis of Divisional Investment Policies
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
122. The Underreaction Hypothesis and the New Issue Puzzle: Evidence from Japan
     NBER Working Papers, National Bureau of Economic Research, Inc
     See also Journal Article The Underreaction Hypothesis and the New Issue Puzzle: Evidence from Japan, The Review of Financial Studies, Society for Financial Studies (1999) View citations (51) (1999)

1995

123. Foreign Equity Investment Restrictions, Capital Flight, and Shareholder Wealth Maximization
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (92)
124. Leverage, Investment, and Firm Growth
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
     See also Journal Article Leverage, investment, and firm growth, Journal of Financial Economics, Elsevier (1996) View citations (408) (1996)
125. Why Is There a Home Bias? An Analysis of Foreign Portfolio Equity Ownership in Japan
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
     See also Journal Article Why is there a home bias? An analysis of foreign portfolio equity ownership in Japan, Journal of Financial Economics, Elsevier (1997) View citations (620) (1997)

1994

126. Asset Sales, Firm Performance, and the Agency Costs of Managerial Discretion
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
     See also Journal Article Asset sales, firm performance, and the agency costs of managerial discretion, Journal of Financial Economics, Elsevier (1995) View citations (195) (1995)
127. How Different is Japanese Corporate Finance? An Investigation of the Information Content of New Security Issues
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
     See also Journal Article How Different Is Japanese Corporate Finance? An Investigation of the Information Content of New Security Issues, The Review of Financial Studies, Society for Financial Studies (1996) View citations (120) (1996)
128. Information, Trading and Stock Returns: Lessons from Dually-Listed Securities
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
     See also Journal Article Information, trading and stock returns: Lessons from dually-listed securities, Journal of Banking & Finance, Elsevier (1996) View citations (36) (1996)
129. International Portfolio Choice and Asset Pricing: An Integrative Survey
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (36)
130. Investment Opportunities, Managerial Decisions, and the Security Issue Decision
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

1993

131. Tobin's Q, Corporate Diversification and Firm Performance
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
     See also Journal Article Tobin's q, Corporate Diversification, and Firm Performance, Journal of Political Economy, University of Chicago Press (1994) View citations (565) (1994)

1992

132. Foreign Equity Investment Restrictions and Shareholder Wealth Maximization
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
133. Global Financial Markets and the Risk Premium on U.S. Equity
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (127)
     See also Journal Article Global financial markets and the risk premium on U.S. equity, Journal of Financial Economics, Elsevier (1992) View citations (161) (1992)

Undated

134. Identifying and quantifying exposures
     Research in Financial Economics, Ohio State University
135. Why do Markets Move Together? An Investigation of U.S.-Japan Stock Return Comovements
     Research in Financial Economics, Ohio State University View citations (287)
     See also Journal Article Why Do Markets Move Together? An Investigation of U.S.-Japan Stock Return Comovements, Journal of Finance, American Finance Association (1996) View citations (442) (1996)
136. Why do Markets Move Together? An Investigation of U.S.-Japan Stock Return Comovements using ADRS
     Research in Financial Economics, Ohio State University View citations (4)

Journal Articles

2020

1. Does the stock market make firms more productive?
   Journal of Financial Economics, 2020, 136, (2), 281-306 View citations (38)
   See also Working Paper Does the Stock Market Make Firms More Productive?, NBER Working Papers (2017) View citations (1) (2017)

2019

2. Are the Largest Banks Valued More Highly?
   The Review of Financial Studies, 2019, 32, (12), 4604-4652 View citations (14)
   See also Working Paper Are the Largest Banks Valued More Highly?, Working Paper Series (2018) (2018)
3. Do firms issue more equity when markets become more liquid?
   Journal of Financial Economics, 2019, 133, (1), 64-82 View citations (28)
   See also Working Paper Do Firms Issue More Equity When Markets Become More Liquid?, Working Paper Series (2017) View citations (1) (2017)
4. FinTech, BigTech, and the Future of Banks
   Journal of Applied Corporate Finance, 2019, 31, (4), 86-97 View citations (73)
   See also Working Paper FinTech, BigTech, and the Future of Banks, NBER Working Papers (2019) View citations (73) (2019)
5. Why is contagion asymmetric during the European sovereign crisis?
   Journal of International Money and Finance, 2019, 99, (C) View citations (9)

2018

6. Corporate Deleveraging and Financial Flexibility
   The Review of Financial Studies, 2018, 31, (8), 3122-3174 View citations (31)
   See also Working Paper Corporate Deleveraging and Financial Flexibility, Working Paper Series (2017) View citations (6) (2017)
7. Is Sell‐Side Research More Valuable in Bad Times?
   Journal of Finance, 2018, 73, (3), 959-1013 View citations (43)
   See also Working Paper Is Sell-Side Research More Valuable in Bad Times?, NBER Working Papers (2014) View citations (11) (2014)
8. Why Does Fast Loan Growth Predict Poor Performance for Banks?
   The Review of Financial Studies, 2018, 31, (3), 1014-1063 View citations (30)
   See also Working Paper Why Does Fast Loan Growth Predict Poor Performance for Banks?, Swiss Finance Institute Research Paper Series (2016) View citations (9) (2016)

2017

9. Do Independent Director Departures Predict Future Bad Events?
   The Review of Financial Studies, 2017, 30, (7), 2313-2358 View citations (28)
10. Is the US Public Corporation in Trouble?
    Journal of Economic Perspectives, 2017, 31, (3), 67-88 View citations (61)
    See also Working Paper Is the U.S. Public Corporation in Trouble?, Working Paper Series (2017) View citations (44) (2017)
11. Portable country governance and cross-border acquisitions
    Journal of International Business Studies, 2017, 48, (2), 148-173 View citations (31)
12. The U.S. listing gap
    Journal of Financial Economics, 2017, 123, (3), 464-487 View citations (50)
    See also Working Paper The U.S. Listing Gap, Working Paper Series (2015) View citations (1) (2015)
13. What is the shareholder wealth impact of target CEO retention in private equity deals?
    Journal of Corporate Finance, 2017, 46, (C), 186-206 View citations (5)
    See also Working Paper What is the Shareholder Wealth Impact of Target CEO Retention in Private Equity Deals?, Working Paper Series (2017) View citations (5) (2017)

2016

14. Corporate Acquisitions, Diversification, and the Firm's Life Cycle
    Journal of Finance, 2016, 71, (1), 139-194 View citations (35)
    See also Working Paper Corporate Acquisitions, Diversification, and the Firm's Lifecycle, Working Paper Series (2011) View citations (2) (2011)
15. Do U.S. Firms Hold More Cash than Foreign Firms Do?
    The Review of Financial Studies, 2016, 29, (2), 309-348 View citations (32)
16. Risk management, governance, culture, and risk taking in banks
    Economic Policy Review, 2016, (Aug), 43-60 View citations (26)
17. Why Don't All Banks Practice Regulatory Arbitrage? Evidence from Usage of Trust-Preferred Securities
    The Review of Financial Studies, 2016, 29, (7), 1821-1859 View citations (25)
    See also Working Paper Why Don’t All Banks Practice Regulatory Arbitrage? Evidence from Usage of Trust Preferred Securities, Swiss Finance Institute Research Paper Series (2015) (2015)

2015

18. Liquid-claim production, risk management, and bank capital structure: Why high leverage is optimal for banks
    Journal of Financial Economics, 2015, 116, (2), 219-236 View citations (103)
19. Risk-Taking and Risk Management by Banks
    Journal of Applied Corporate Finance, 2015, 27, (1), 8-18 View citations (32)

2014

20. Why Did Holdings of Highly Rated Securitization Tranches Differ So Much across Banks?
    The Review of Financial Studies, 2014, 27, (2), 404-453 View citations (33)
    See also Working Paper Why Did Holdings of Highly-Rated Securitization Tranches Differ So Much across Banks?, Working Paper Series (2012) (2012)

2013

21. Access to capital, investment, and the financial crisis
    Journal of Financial Economics, 2013, 110, (2), 280-299 View citations (232)
    See also Working Paper Access to Capital, Investment, and the Financial Crisis, Working Paper Series (2012) View citations (4) (2012)
22. Aligning Incentives at Systemically Important Financial Institutions: A Proposal by the Squam Lake Group
    Journal of Applied Corporate Finance, 2013, 25, (4), 37-40 View citations (6)
23. How Companies Can Use Hedging to Crate Shareholder Value
    Journal of Applied Corporate Finance, 2013, 25, (4), 21-29 View citations (14)
24. The U.S. left behind? Financial globalization and the rise of IPOs outside the U.S
    Journal of Financial Economics, 2013, 110, (3), 546-573 View citations (60)

2012

25. The credit crisis around the globe: Why did some banks perform better?
    Journal of Financial Economics, 2012, 105, (1), 1-17 View citations (650)
    See also Working Paper The Credit Crisis around the Globe: Why Did Some Banks Perform Better?, Working Paper Series (2010) View citations (25) (2010)
26. This Time Is the Same: Using Bank Performance in 1998 to Explain Bank Performance during the Recent Financial Crisis
    Journal of Finance, 2012, 67, (6), 2139-2185 View citations (228)
    See also Working Paper This Time Is the Same: Using Bank Performance in 1998 to Explain Bank Performance During the Recent Financial Crisis, NBER Working Papers (2011) View citations (11) (2011)
27. Why Are U.S. Stocks More Volatile?
    Journal of Finance, 2012, 67, (4), 1329-1370 View citations (99)
    See also Working Paper Why are U.S. Stocks More Volatile?, MPRA Paper (2012) View citations (99) (2012)

2011

28. Bank CEO incentives and the credit crisis
    Journal of Financial Economics, 2011, 99, (1), 11-26 View citations (415)
    See also Working Paper Bank CEO Incentives and the Credit Crisis, NBER Working Papers (2009) View citations (27) (2009)
29. When Are Analyst Recommendation Changes Influential?
    The Review of Financial Studies, 2011, 24, (2), 593-627 View citations (131)
    See also Working Paper When Are Analyst Recommendation Changes Influential?, Working Paper Series (2009) View citations (2) (2009)

2010

30. Credit Default Swaps and the Credit Crisis
    Journal of Economic Perspectives, 2010, 24, (1), 73-92 View citations (185)
    Also in Ekonomicheskaya Politika / Economic Policy, 2010, 6, 157-175 (2010) View citations (187)
    See also Working Paper Credit Default Swaps and the Credit Crisis, NBER Working Papers (2009) View citations (17) (2009)
31. Differences in Governance Practices between U.S. and Foreign Firms: Measurement, Causes, and Consequences
    The Review of Financial Studies, 2010, 23, (3), 3131-3169 View citations (63)
    Also in The Review of Financial Studies, 2009, 22, (8), 3131-3169 (2009) View citations (163)
    See also Working Paper Differences in Governance Practices between U.S. and Foreign Firms: Measurement, Causes, and Consequences, Working Paper Series (2007) View citations (10) (2007)
    Chapter Differences in Governance Practices between US and Foreign Firms: Measurement, Causes, and Consequences, NBER Chapters, 2010 (2010) View citations (63) (2010)
32. Hedge Fund Contagion and Liquidity Shocks
    Journal of Finance, 2010, 65, (5), 1789-1816 View citations (179)
33. Seasoned equity offerings, market timing, and the corporate lifecycle
    Journal of Financial Economics, 2010, 95, (3), 275-295 View citations (179)
34. The Squam Lake Report: Fixing the Financial System
    Journal of Applied Corporate Finance, 2010, 22, (3), 8-21 View citations (120)
    See also Book The Squam Lake Report: Fixing the Financial System, Economics Books, 2010 (2010) View citations (110) (2010)
35. Why Do Foreign Firms Leave U.S. Equity Markets?
    Journal of Finance, 2010, 65, (4), 1507-1553 View citations (53)
    See also Working Paper Why Do Foreign Firms Leave U.S. Equity Markets?, Working Paper Series (2009) View citations (2) (2009)
36. Why do firms appoint CEOs as outside directors?
    Journal of Financial Economics, 2010, 97, (1), 12-32 View citations (104)
    See also Working Paper Why Do Firms Appoint CEOs as Outside Directors?, Working Paper Series (2008) View citations (3) (2008)

2009

37. Financial Globalization, Governance, and the Evolution of the Home Bias
    Journal of Accounting Research, 2009, 47, (2), 597-635 View citations (108)
    See also Working Paper Financial globalization, governance, and the evolution of the home bias, Globalization Institute Working Papers (2008) View citations (2) (2008)
38. Has New York become less competitive than London in global markets? Evaluating foreign listing choices over time
    Journal of Financial Economics, 2009, 91, (3), 253-277 View citations (123)
39. How Much Do Banks Use Credit Derivatives to Hedge Loans?
    Journal of Financial Services Research, 2009, 35, (1), 1-31 View citations (107)
    See also Working Paper How Much Do Banks Use Credit Derivatives to Hedge Loans?, Working Paper Series (2008) View citations (11) (2008)
40. Managerial ownership dynamics and firm value
    Journal of Financial Economics, 2009, 92, (3), 342-361 View citations (63)
    See also Working Paper Managerial Ownership Dynamics and Firm Value, Working Paper Series (2008) View citations (3) (2008)
41. Private Benefits of Control, Ownership, and the Cross‐listing Decision
    Journal of Finance, 2009, 64, (1), 425-466 View citations (133)
    See also Working Paper Private Benefits of Control, Ownership, and the Cross-Listing Decision, NBER Working Papers (2005) View citations (25) (2005)
42. Securities Laws, Disclosure, and National Capital Markets in the Age of Financial Globalization
    Journal of Accounting Research, 2009, 47, (2), 349-390 View citations (36)
    See also Working Paper Securities Laws, Disclosure, and National Capital Markets in the Age of Financial Globalization, NBER Working Papers (2008) View citations (5) (2008)
43. Why Do U.S. Firms Hold So Much More Cash than They Used To?
    Journal of Finance, 2009, 64, (5), 1985-2021 View citations (1007)
    See also Working Paper Why Do U.S. Firms Hold So Much More Cash Than They Used To?, Working Paper Series (2007) View citations (24) (2007)

2008

44. Do local analysts know more? A cross-country study of the performance of local analysts and foreign analysts
    Journal of Financial Economics, 2008, 88, (3), 581-606 View citations (219)
    See also Working Paper Do Local Analysts Know More? A Cross-Country Study of the Performance of Local Analysts and Foreign Analysts, Working Paper Series (2006) View citations (3) (2006)
45. Risk Management Failures: What Are They and When Do They Happen?
    Journal of Applied Corporate Finance, 2008, 20, (4), 39-48 View citations (52)
    See also Working Paper Risk Management Failures: What Are They and When Do They Happen?, Working Paper Series (2008) View citations (52) (2008)
46. Why do private acquirers pay so little compared to public acquirers?
    Journal of Financial Economics, 2008, 89, (3), 375-390 View citations (120)
    See also Working Paper Why Do Private Acquirers Pay So Little Compared to Public Acquirers?, NBER Working Papers (2007) View citations (9) (2007)

2007

47. Cash Holdings, Dividend Policy, and Corporate Governance: A Cross‐Country Analysis
    Journal of Applied Corporate Finance, 2007, 19, (1), 81-87 View citations (10)
48. Do Investors Trade More When Stocks Have Performed Well? Evidence from 46 Countries
    The Review of Financial Studies, 2007, 20, (3), 905-951 View citations (109)
    See also Working Paper Do Investors Trade More When Stocks Have Performed Well? Evidence from 46 Countries, Working Paper Series (2005) (2005)
49. Hedge Funds: Past, Present, and Future
    Journal of Economic Perspectives, 2007, 21, (2), 175-194 View citations (68)
    See also Working Paper Hedge Funds: Past, Present, and Future, Working Paper Series (2007) View citations (73) (2007)
50. How Do Diversity of Opinion and Information Asymmetry Affect Acquirer Returns?
    The Review of Financial Studies, 2007, 20, (6), 2047-2078 View citations (108)
51. The Limits of Financial Globalization
    Journal of Applied Corporate Finance, 2007, 19, (1), 8-15 View citations (5)
    Also in Journal of Finance, 2005, 60, (4), 1595-1638 (2005) View citations (449)
    See also Working Paper The Limits of Financial Globalization, Working Paper Series (2005) View citations (451) (2005)
52. The economics of conflicts of interest in financial institutions
    Journal of Financial Economics, 2007, 85, (2), 267-296 View citations (108)
    See also Working Paper The Economics of Conflicts of Interest in Financial Institutions, Working Paper Series (2006) View citations (1) (2006)
53. Why Do Firms Become Widely Held? An Analysis of the Dynamics of Corporate Ownership
    Journal of Finance, 2007, 62, (3), 995-1028 View citations (85)
    See also Working Paper Why Do Firms Become Widely Held? An Analysis of the Dynamics of Corporate Ownership, Working Paper Series (2005) View citations (5) (2005)
54. Why do countries matter so much for corporate governance?
    Journal of Financial Economics, 2007, 86, (1), 1-39 View citations (444)
    See also Working Paper Why Do Countries Matter So Much for Corporate Governance?, NBER Working Papers (2004) View citations (46) (2004)

2006

55. Dividend policy and the earned/contributed capital mix: a test of the life-cycle theory
    Journal of Financial Economics, 2006, 81, (2), 227-254 View citations (511)
56. Does the Contribution of Corporate Cash Holdings and Dividends to Firm Value Depend on Governance? A Cross‐country Analysis
    Journal of Finance, 2006, 61, (6), 2725-2751 View citations (378)
57. Enterprise Risk Management: Theory and Practice
    Journal of Applied Corporate Finance, 2006, 18, (4), 8-20 View citations (100)
    See also Working Paper Enterprise Risk Management: Theory and Practice, Working Paper Series (2006) View citations (100) (2006)

2005

58. Do Domestic Investors Have an Edge? The Trading Experience of Foreign Investors in Korea
    The Review of Financial Studies, 2005, 18, (3), 795-829 View citations (296)
    See also Working Paper Do Domestic Investors Have an Edge? The Trading Experience of Foreign Investors in Korea, NBER Working Papers (2004) View citations (17) (2004)
59. Wealth Destruction on a Massive Scale? A Study of Acquiring‐Firm Returns in the Recent Merger Wave
    Journal of Finance, 2005, 60, (2), 757-782 View citations (429)
    See also Working Paper Wealth Destruction on a Massive Scale? A Study of Acquiring-Firm Returns in the Recent Merger Wave, NBER Working Papers (2004) View citations (20) (2004)

2004

60. Are Daily Cross-Border Equity Flows Pushed or Pulled?
    The Review of Economics and Statistics, 2004, 86, (3), 641-657 View citations (136)
61. Firm size and the gains from acquisitions
    Journal of Financial Economics, 2004, 73, (2), 201-228 View citations (802)
62. Should We Fear Derivatives?
    Journal of Economic Perspectives, 2004, 18, (3), 173-192 View citations (51)
    See also Working Paper Should We Fear Derivatives?, NBER Working Papers (2004) View citations (51) (2004)
63. Why are foreign firms listed in the U.S. worth more?
    Journal of Financial Economics, 2004, 71, (2), 205-238 View citations (599)
    See also Working Paper Why are Foreign Firms Listed in the U.S. Worth More?, NBER Working Papers (2001) View citations (42) (2001)

2003

64. A New Approach to Measuring Financial Contagion
    The Review of Financial Studies, 2003, 16, (3), 717-763 View citations (657)
    See also Working Paper A new approach to measuring financial contagion, Proceedings (2001) View citations (3) (2001)
65. Corporate Governance and the Home Bias
    Journal of Financial and Quantitative Analysis, 2003, 38, (1), 87-110 View citations (247)
    See also Working Paper Corporate Governance and the Home Bias, SIFR Research Report Series (2002) View citations (16) (2002)
66. Culture, openness, and finance
    Journal of Financial Economics, 2003, 70, (3), 313-349 View citations (703)
    See also Working Paper Culture, Openness, and Finance, NBER Working Papers (2001) View citations (49) (2001)
67. Equity-Market Liberalizations as Country IPO's
    American Economic Review, 2003, 93, (2), 97-101 View citations (39)
    See also Working Paper Equity market liberalizations as country IPOs, NBER Working Papers (2003) View citations (41) (2003)

2002

68. Divestitures and the liquidity of the market for corporate assets
    Journal of Financial Economics, 2002, 64, (1), 117-144 View citations (157)

2001

69. CORPORATE CASH HOLDINGS
    Journal of Applied Corporate Finance, 2001, 14, (1), 55-67 View citations (21)
70. International Competition and Exchange Rate Shocks: A Cross-Country Industry Analysis of Stock Returns
    The Review of Financial Studies, 2001, 14, (1), 215-41 View citations (223)
    See also Working Paper International Competition and Exchange Rate Shocks: A Cross-Country Industry Analysis of Stock Returns, NBER Working Papers (1997) View citations (2) (1997)
71. MERTON MILLER'S CONTRIBUTIONS TO MODERN FINANCE
    Journal of Applied Corporate Finance, 2001, 13, (4), 8-28 View citations (1)

2000

72. Banks, the IMF, and the Asian crisis
    Pacific-Basin Finance Journal, 2000, 8, (2), 177-216 View citations (46)
    See also Working Paper Banks, the IMF, and the Asian Crisis, NBER Working Papers (1999) View citations (19) (1999)
73. Do Banking Shocks Affect Borrowing Firm Performance? An Analysis of the Japanese Experience
    The Journal of Business, 2000, 73, (1), 1-23 View citations (177)
74. Financial Structure, Corporate Finance and Economic Growth
    International Review of Finance, 2000, 1, (1), 11-38 View citations (79)
75. Merton Miller and Modern Finance
    Financial Management, 2000, 29, (4) View citations (4)
76. Report of the Editor for His Tenure and 1999
    Journal of Finance, 2000, 55, (4), 1861-1892 View citations (2)
77. U.S. Banks, Crises, and Bailouts: From Mexico to LTCM
    American Economic Review, 2000, 90, (2), 28-31 View citations (62)
    See also Working Paper U.S. Banks, Crises, and Bailouts: From Mexico to LTCM, NBER Working Papers (2000) View citations (59) (2000)

1999

78. Do foreign investors destabilize stock markets? The Korean experience in 1997
    Journal of Financial Economics, 1999, 54, (2), 227-264 View citations (325)
    See also Working Paper Do Foreign Investors Destabilize Stock Markets? The Korean Experience in 1997, NBER Working Papers (1998) View citations (18) (1998)
79. Erratum from the Editor
    Journal of Finance, 1999, 54, (5), 1929-1929
80. GOLBALIZATION, CORPORATE FINANCE, AND THE COST OF CAPITAL
    Journal of Applied Corporate Finance, 1999, 12, (3), 8-25 View citations (290)
81. The Underreaction Hypothesis and the New Issue Puzzle: Evidence from Japan
    The Review of Financial Studies, 1999, 12, (3), 519-34 View citations (51)
    See also Working Paper The Underreaction Hypothesis and the New Issue Puzzle: Evidence from Japan, NBER Working Papers (1996) (1996)
82. The determinants and implications of corporate cash holdings
    Journal of Financial Economics, 1999, 52, (1), 3-46 View citations (1167)
    See also Working Paper The Determinants and Implications of Corporate Cash Holdings, NBER Working Papers (1997) View citations (9) (1997)

1998

83. Are Internal capital Markets Efficient?
    The Quarterly Journal of Economics, 1998, 113, (2), 531-552 View citations (363)

1997

84. Why is there a home bias? An analysis of foreign portfolio equity ownership in Japan
    Journal of Financial Economics, 1997, 46, (1), 3-28 View citations (620)
    See also Working Paper Why Is There a Home Bias? An Analysis of Foreign Portfolio Equity Ownership in Japan, NBER Working Papers (1995) View citations (9) (1995)

1996

85. Does the cost of capital differ across countries? An agency perspective*
    European Financial Management, 1996, 2, (1), 11-22 View citations (10)
86. How Different Is Japanese Corporate Finance? An Investigation of the Information Content of New Security Issues
    The Review of Financial Studies, 1996, 9, (1), 109-39 View citations (120)
    See also Working Paper How Different is Japanese Corporate Finance? An Investigation of the Information Content of New Security Issues, NBER Working Papers (1994) View citations (1) (1994)
87. Information, trading and stock returns: Lessons from dually-listed securities
    Journal of Banking & Finance, 1996, 20, (7), 1161-1187 View citations (36)
    See also Working Paper Information, Trading and Stock Returns: Lessons from Dually-Listed Securities, NBER Working Papers (1994) View citations (3) (1994)
88. Leverage, investment, and firm growth
    Journal of Financial Economics, 1996, 40, (1), 3-29 View citations (408)
    See also Working Paper Leverage, Investment, and Firm Growth, NBER Working Papers (1995) View citations (18) (1995)
89. RETHINKING RISK MANAGEMENT
    Journal of Applied Corporate Finance, 1996, 9, (3), 8-25 View citations (369)
90. Timing, investment opportunities, managerial discretion, and the security issue decision
    Journal of Financial Economics, 1996, 42, (2), 159-185 View citations (233)
91. Why Do Markets Move Together? An Investigation of U.S.-Japan Stock Return Comovements
    Journal of Finance, 1996, 51, (3), 951-86 View citations (442)
    See also Working Paper Why do Markets Move Together? An Investigation of U.S.-Japan Stock Return Comovements, Research in Financial Economics View citations (287)

1995

92. An Analysis of the Wealth Effects of Japanese Offshore Dollar-Denominated Convertible and Warrant Bond Issues
    Journal of Financial and Quantitative Analysis, 1995, 30, (2), 257-270 View citations (25)
93. Asset sales, firm performance, and the agency costs of managerial discretion
    Journal of Financial Economics, 1995, 37, (1), 3-37 View citations (195)
    See also Working Paper Asset Sales, Firm Performance, and the Agency Costs of Managerial Discretion, NBER Working Papers (1994) View citations (9) (1994)
94. Foreign Equity Investment Restrictions, Capital Flight, and Shareholder Wealth Maximization: Theory and Evidence
    The Review of Financial Studies, 1995, 8, (4), 1019-57 View citations (112)
95. GLOBALIZATION OF CAPITAL MARKETS AND THE COST OF CAPITAL: THE CASE OF NESTLÉ
    Journal of Applied Corporate Finance, 1995, 8, (3), 30-38 View citations (23)
96. The cost of capital in internationally integrated markets: The case of Nestlé
    European Financial Management, 1995, 1, (1), 11-22 View citations (35)

1994

97. Tobin's q, Corporate Diversification, and Firm Performance
    Journal of Political Economy, 1994, 102, (6), 1248-80 View citations (565)
    See also Working Paper Tobin's Q, Corporate Diversification and Firm Performance, NBER Working Papers (1993) View citations (10) (1993)

1993

98. Contracting Costs, Inflation, and Relative Price Variability
    Journal of Money, Credit and Banking, 1993, 25, (3), 585-601 View citations (10)
    Also in Proceedings, 1993, 585-611 (1993) View citations (10)

1992

99. Global financial markets and the risk premium on U.S. equity
    Journal of Financial Economics, 1992, 32, (2), 137-167 View citations (161)
    See also Working Paper Global Financial Markets and the Risk Premium on U.S. Equity, NBER Working Papers (1992) View citations (127) (1992)
100. Is There a Global Market for Convertible Bonds?
     The Journal of Business, 1992, 65, (1), 75-91 View citations (18)
101. Optimal hedging of stock portfolios against foreign exchange risk: theory and applications
     Global Finance Journal, 1992, 3, (2), 97-113 View citations (3)

1991

102. A test of the free cash flow hypothesis*1: The case of bidder returns
     Journal of Financial Economics, 1991, 29, (2), 315-335 View citations (365)

1990

103. Managerial discretion and optimal financing policies
     Journal of Financial Economics, 1990, 26, (1), 3-27 View citations (1068)
104. The Distribution of Target Ownership and the Division of Gains in Successful Takeovers
     Journal of Finance, 1990, 45, (3), 817-33 View citations (99)

1989

105. Contracts, delivery lags, and currency risks
     Journal of International Money and Finance, 1989, 8, (1), 89-103 View citations (1)
106. Managerial performance, Tobin's Q, and the gains from successful tender offers
     Journal of Financial Economics, 1989, 24, (1), 137-154 View citations (296)
107. Report of the Managing Editor of The Journal of Finance for the Year 1988
     Journal of Finance, 1989, 44, (3), 819-825
108. The Pricing of Stock Index Options in a General Equilibrium Model
     Journal of Financial and Quantitative Analysis, 1989, 24, (1), 1-12 View citations (35)

1988

109. Capital mobility and the current account
     Journal of International Money and Finance, 1988, 7, (2), 167-180 View citations (7)
110. Managerial control of voting rights: Financing policies and the market for corporate control
     Journal of Financial Economics, 1988, 20, (1-2), 25-54 View citations (717)
111. The Eurobond market and corporate financial policy: A test of the clientele hypothesis
     Journal of Financial Economics, 1988, 22, (2), 189-205 View citations (41)

1987

112. An Equilibrium Model of Exchange Rate Determination and Asset Pricing with Nontraded Goods and Imperfect Information
     Journal of Political Economy, 1987, 95, (5), 1024-40 View citations (48)
113. The Pricing of Options with Default Risk
     Journal of Finance, 1987, 42, (2), 267-80 View citations (99)
114. Time-varying risk premia, imperfect information and the forward: Exchange rate
     International Journal of Forecasting, 1987, 3, (1), 171-177 View citations (2)

1986

115. Asset Pricing and Expected Inflation
     Journal of Finance, 1986, 41, (1), 209-23 View citations (61)
116. Capital mobility in the world economy: Theory and measurement A comment
     Carnegie-Rochester Conference Series on Public Policy, 1986, 24, (1), 105-113 View citations (2)
117. Interest rates and monetary policy uncertainty
     Journal of Monetary Economics, 1986, 17, (3), 331-347 View citations (32)
118. Risk and the economy: a finance perspective
     Proceedings, 1986, 79-124

1985

119. An analysis of secured debt
     Journal of Financial Economics, 1985, 14, (4), 501-521 View citations (219)
120. Editorial data
     Journal of Financial Economics, 1985, 14, (3), 325-325
121. Macroeconomic time-series, business cycles and macroeconomic policies
     Carnegie-Rochester Conference Series on Public Policy, 1985, 22, (1), 9-53 View citations (17)
122. The Determinants of Firms' Hedging Policies
     Journal of Financial and Quantitative Analysis, 1985, 20, (4), 391-405 View citations (668)

1984

123. Currency Preferences, Purchasing Power Risks, and the Determination of Exchange Rates in an Optimizing Model
     Journal of Money, Credit and Banking, 1984, 16, (3), 302-16 View citations (14)
124. Editorial data
     Journal of Financial Economics, 1984, 13, (4), 459-459
125. Optimal Hedging Policies
     Journal of Financial and Quantitative Analysis, 1984, 19, (2), 127-140 View citations (304)

1983

126. On the Determinants of Net Foreign Investment
     Journal of Finance, 1983, 38, (2), 459-68 View citations (2)
127. The demand for foreign bonds
     Journal of International Economics, 1983, 15, (3-4), 225-238 View citations (7)

1982

128. Options on the minimum or the maximum of two risky assets: Analysis and applications
     Journal of Financial Economics, 1982, 10, (2), 161-185 View citations (132)
129. The forward exchange rate and macroeconomics
     Journal of International Economics, 1982, 12, (3-4), 285-299 View citations (7)

1981

130. On the Effects of Barriers to International Investment
     Journal of Finance, 1981, 36, (4), 923-34 View citations (271)

Books

2012

1. Market Institutions and Financial Market Risk
   NBER Books, National Bureau of Economic Research, Inc View citations (3)

2010

2. The Squam Lake Report: Fixing the Financial System
   Economics Books, Princeton University Press View citations (110)
   See also Journal Article The Squam Lake Report: Fixing the Financial System, Journal of Applied Corporate Finance, Morgan Stanley (2010) View citations (120) (2010)

2007

3. The Risks of Financial Institutions
   NBER Books, National Bureau of Economic Research, Inc View citations (19)
   See also Working Paper The Risks of Financial Institutions, NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations (44) (2005)

Edited books

2013

1. Handbook of the Economics of Finance, vol 2, Part B
   Handbook of the Economics of Finance, Elsevier View citations (610)
2. Handbook of the Economics of Finance, vol 2, Part A
   Handbook of the Economics of Finance, Elsevier View citations (610)

2007

3. The Risks of Financial Institutions
   National Bureau of Economic Research Books, University of Chicago Press View citations (90)

2003

4. Handbook of the Economics of Finance, vol 1, Part 1
   Handbook of the Economics of Finance, Elsevier View citations (934)
5. Handbook of the Economics of Finance, vol 1, Part 2
   Handbook of the Economics of Finance, Elsevier View citations (934)
6. International Capital Markets, vol Three volume set
   Books, Edward Elgar Publishing View citations (6)

Chapters

2010

1. Differences in Governance Practices between US and Foreign Firms: Measurement, Causes, and Consequences
   A chapter in Corporate Governance, 2010 View citations (63)
   See also Journal Article Differences in Governance Practices between U.S. and Foreign Firms: Measurement, Causes, and Consequences, Society for Financial Studies (2010) View citations (63) (2010)
   Working Paper Differences in Governance Practices between U.S. and Foreign Firms: Measurement, Causes, and Consequences, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2007) View citations (10) (2007)
2. Introduction
   A chapter in The Squam Lake Report: Fixing the Financial System, 2010

2007

3. Introduction to "The Risks of Financial Institutions"
   A chapter in The Risks of Financial Institutions, 2007, pp 1-25 View citations (3)

2006

4. Financial Globalization, Corporate Governance and Eastern Europe
   Chapter 3 in Financial Development, Integration and Stability, 2006 View citations (1)
   See also Working Paper Financial Globalization, Corporate Governance, and Eastern Europe, National Bureau of Economic Research, Inc (2006) View citations (11) (2006)

2003

5. Are financial assets priced locally or globally?
   Chapter 16 in Handbook of the Economics of Finance, 2003, vol. 1, Part 2, pp 975-1020 View citations (242)
   See also Working Paper Are Financial Assets Priced Locally or Globally?, National Bureau of Economic Research, Inc (2002) View citations (142) (2002)

1999

6. The Role of Equity Markets in International Capital Flows
   A chapter in International Capital Flows, 1999, pp 235-306 View citations (29)

Editor

1. Handbook of the Economics of Finance
   Elsevier
2. Handbook of the Economics of Finance
   Elsevier