A Habit-Based Explanation of the Exchange Rate Risk Premium

• Adrien Verdelhan (University of Chicago)

A Synthetic Measure of Cross-Sectional Risk and its Empirical Implications for Portfolio Risk Management

• Andrea Roncoroni (ESSEC Business School)
• Stefano Gallucio (BNP Paribas)

A Theory of Takeovers and Disinvestment

• Bart Lambrecht (Lancaster University)
• Stewart Myers (Massachusetts Institute of Technology)

Abnormal Short-Term Returns Following Market-Moving Events in the International Government Bond Market

• Konstantinos Kassimatis (Athens University of Economics & Business)
• Spyrou Spyros (Athens University of Economics & Business)

Agency Cost of External Funding, Risk Taking and Investment

• Franz Hubert (Humboldt-Universität zu Berlin)

All that Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors

• Brad Barber (University of California at Davis)
• Terrance Odean (University of California at Berkeley)

Ambiguity Aversion, Bond Pricing and the Non-Robstness of Some Affine Term Structures

• Paolo Porchia (Universität St. Gallen)
• Fabio Trojani (Università della Svizzera Italiana)
• Patrick Gagliardini (Università della Svizzera italiana)

An Empirical Enquiry into the Speed of Information Aggregation: A Study of IPOs

• Jos van Bommel (University of Oxford)
• Jay Dahya (Purdue University)

Analyst Disagreement, Mispricing and Liquidity

• Ronnie Sadka (University of Washington)
• Anna Scherbina (Harvard University)

Analyzing Callable and Convertible Bonds when the Modigliani-Miller Assumptions are Violated

• Yuri Tserlukevich (University of California at Berkeley)
• Christopher Hennessy (University of California at Berkeley)

Assessing the Time Horizon of Bankruptcy Using Financial Ratios and the Maturity Schedule of Long-Term Debt

• Leonid Philosophov (Moscow Committee of Bankruptcy Affairs)
• Jonathan Batten (Macquarie Graduate School of Management)
• Vladimir Philosophov (Interregional Bankruptcy Service for Central Russia)

Bank Capital and Liquidity Creation

• Allen Berger (Board of Governors of the Federal Reserve)
• Christa Bouwman (Case Western Reserve University)

Bankruptcy Legislation and Banking Behavior: Evidence from Transition Economies

• Rainer Haselmann (Universität Leipzig)
• Vikrant Vig (Columbia University)
• Katharina Pistor (Columbia University)

Beyond Investment-Cash Flow Sensitivities: Using Indirect Inference to Estimate Costs of External Funds

• Toni Whited (University of Wisconsin at Madison)
• Christopher Hennessy (University of California at Berkeley)

Board Independence and the Design of Executive Compensation

• Ravi Singh (Harvard University)

Board Monitoring and Firm Risk

• Nemmara Chidambaran (Rutgers University)
• Ivan Brick (Rutgers University)

Board Structure and Banking Firm Performance

• Renée Adams (Stockholm School of Economics)
• Hamid Mehran (Federal Reserve Bank of New York)

Bounds on the Autocorrelation of Admissible Stochastic Discount Factors

• Stéphane Chrétien (Université Laval)

Can Buybacks be a Product of Shorter Shareholder Horizons?

• Pedro Matos (INSEAD)
• Rajdeep Patgiri (INSEAD)
• José-Miguel Gaspar (ESSEC Business School)
• Massimo Massa (INSEAD)
• Zahid Rehman (INSEAD)

Can Mutual Fund Managers Pick Stocks? Evidence from their Trades Prior to Earnings Announcements

• Jeffrey Wurgler (New York University)
• Lubomir Litov (New York University)
• Jessica Wachter (University of Pennsylvania)
• Malcolm Baker (Harvard University)

Can Structural Models Price Default Risk? New Evidence from Bond and Credit Derivative Markets

• Hao Wang (McGill University)
• Joel Reneby (Stockholm School of Economics)
• Jan Ericsson (McGill University)

Capital Allocation in Indian Business Groups. Who Benefits, Who Loses?

• Remco van der Molen (University of Groningen)

Capital Gains Taxes, Pricing Spreads and Arbitrage: Evidence from U.S. Cross-Listed Firms

• Michelle Yetman (University of California at Davis)
• Luzi Hail (University of Pennsylvania)
• Jennifer Blouin (University of Pennsylvania)

Capital Structure Decisions and Corporate Pension Plans

• Irina Stefanescu (University of North Carolina at Chapel Hill)

CAPM Tests and Alternative Factor Portfolio Composition: Getting the Alpha's Right

• Lieven De Moor (Katholieke Universiteit Leuven)
• Piet Sercu (Katholieke Universiteit Leuven)

Change is Good or the Disposition Effect Among Mutual Fund Managers

• Anna Scherbina (Harvard University)
• Li Jin (Harvard University)

Closing Time? The Determinants and Effects of Mutual Fund Closures

• Arturo Bris (Yale University)
• Huseyin Gulen (Virginia Polytechnic Inst. & State Univ.)
• Raghavendra Rau (Purdue University)
• Padmaja Kadiyala (Fairleigh Dickinson University)

Competition for Order Flow and Smart Order Routing Systems

• Albert Menkveld (Vrije Universiteit Amsterdam)
• Thierry Foucault (Groupe HEC)

Composition of Wealth, Conditioning Information, and the Cross-Section of Stock Returns

• Nikolai Roussanov (University of Chicago)

Conditional Asset Allocation under Non-Normality: How Costly Is the Mean-Variance Criterion?

• Michael Rockinger (Université de Lausanne)
• Eric Jondeau (Université de Lausanne)

Conflicts of Interest, Regulations, and Stock Recommendations

• Leonardo Madureira (University of Pennsylvania)

Corporate Governance Mechanisms and Corporate Cash Holdings

• Yuanto Kusnadi (Hong Kong University of Science & Technology)

Corporate Innovation, Price Momentum, and Equity Returns

• Maria Vassalou (Columbia University)

Creative Destruction and Firm-Specific Volatility

• Randall Morck (University of Alberta)
• Jung-Wook Kim (University of Alberta)
• Hyunbae Chun (City University of New York)
• Jason Lee (University of Alberta)

Cross Border Equity Flows in Privately Held Firms

• Douglas Cumming (University of New South Wales)
• Grant Fleming (Wilshire Private Markets Group)
• Armin Schwienbacher (University of Amsterdam)

Cross-sectional Variation in Stock Returns: Liquidity and Idiosyncratic Risk

• Matthew Spiegel (Yale University)
• Xiaotong Wang (Yale University)

Czech Mate: Expropriation and Investor Protection in a Converging World

• Mihir Desai (Harvard University)
• Alberto Moel (Monitor Corporate Finance)

Debt and Taxes: Evidence from Bank-financed Small and Medium-sized Firms

• Cesário Mateus (Aarhus School of Business)
• Jan Bartholdy (The Aarhus School of Business)

Demand-Based Option Pricing

• Nicolae Garleanu (University of Pennsylvania)
• Lasse Heje Pedersen (New York University)
• Allen Poteshman (University of Illinois at Urbana Champaign)

Design and Renegotiation of Debt Covenants

• Jeffrey Zwiebel (Stanford University)
• Nicolae Garleanu (University of Pennsylvania)

Determinants of Management Ownership of Unrestricted Equity: Overconfidence versus Tax Explanations

• Li Jin (Harvard University)
• Sriprakash Kothari (Massachusetts Institute of Technology)

Disclosure, Investment and Regulation

• Per Östberg (Stockholm School of Economics)

Diversification and Ownership Concentration

• Bruno Maria Parigi (Università di Padova)
• Loriana Pelizzon (Università di Padova)

Diversification and Value of Shanghai-listed Manufacturing Companies

• Henk von Eije (University of Groningen)
• Jiong Jin

Do Analyst Conflicts Matter? Evidence from Stock Recommendations

• Anup Agrawal (University of Alabama)
• Mark Chen (University of Maryland)

Do Bankruptcy Codes Matter? A Study of Defaults in France, Germany, and the UK

• Sergei Davydenko (London Business School)
• Julian Franks (London Business School)

Do Investors Reinvest Dividends and Tender Offer Proceeds?

• Elias Henrikki Rantapuska (Helsinki School of Economics & BA)

Do Market Timing Hedge Funds Time the Market?

• Bing Liang (University of Massachusetts)
• Yong Chen (Boston College)

Do Wealth Fluctuations Generate Time-Varying Risk Aversion? Micro-Evidence on Individuals' Asset Allocation

• Stefan Nagel (Stanford University)
• Markus Brunnermeier (Princeton University)

Does Bad Corporate Governance Lead to too Little Competition? Corporate Governance, Capital Structure, and Industry Concentration

• Matti Suominen (Helsinki School of Economics & BA)
• Paolo Fulghieri (University of North Carolina at Chapel Hill)

Does International Cross-listing Improve the Information Environment? An Empirical Investigation of Idiosyncratic Risk

• Miguel Ferreira (ISCTE)
• Nuno Goncalves Fernandes (Universidade Católica Portuguesa)

Does Securitization Affect Bank Lending? Evidence from Bank Responses to Funding Shocks

• Elena Loutskina (Boston College)

Does Skin in the Game Matter? Director Incentives and Governance in the Mutual Fund Industry

• David Weinbaum (Cornell University)
• Pascal Maenhout (INSEAD)
• Joost Driessen (University of Amsterdam)
• Martijn Cremers (Yale University)

Double or Nothing: Patterns of Equity Fund Holdings and Transactions

• Stephen Brown (New York University)
• Onno Steenbeek (Erasmus University Rotterdam)
• David Gallagher (University of New South Wales)
• Peter Swan (University of New South Wales)

Dynamic Portfolio and Mortgage Choice for Homeowners

• Otto van Hemert (University of Amsterdam)
• Frank de Jong (University of Amsterdam)
• Joost Driessen (University of Amsterdam)

Earnings Manipulation and Incentives in Firms

• Sergei Guriev (New Economic School)
• Guido Friebel (Université de Toulouse)

Economic Growth and Equity Returns

• Jay Ritter (University of Florida)

Efficient Portfolios when Housing is a Hedge against Rent Risk

• Guglielmo Weber (Università di Padova)
• Loriana Pelizzon (Università di Padova)

Employee Sentiment and Stock Option Compensation

• Dirk Jenter (Massachusetts Institute of Technology)
• Nittai Bergman (Massachusetts Institute of Technology)

Endogenous Financial Fragility and Prudential Regulation

• Joao Santos (Federal Reserve Bank of New York)
• Charles Kahn (University of Illinois at Urbana Champaign)

Entrepreneurship, Windfall Gains and Financial Constraints: The Case of Germany

• Dorothea Schäfer (DIW Berlin)
• Oleksandr Talavera (DIW Berlin)

Equilibrium Asset Prices and Investor Behavior in the Presence of Money Illusion

• Suleyman Basak (London Business School)
• Hongjun Yan (London Business School)

Euro Area Sovereign Yield Dynamics: The Role of Order Imbalance

• Albert Menkveld (Vrije Universiteit Amsterdam)
• Frank de Jong (University of Amsterdam)
• Yiu Chung Cheung (University of Amsterdam)

European Yield Differentials and Basis Risk: A Hedging Perspective

• Yiu Chung Cheung (University of Amsterdam)
• Frank de Jong (University of Amsterdam)

Evidence on Debt Overhang from Distressed Equity Issues

• Sergey Sanzhar (University of North Carolina at Chapel Hill)
• Julian Franks (London Business School)

Examining the Statistical Properties of Financial Ratios

• Charlotte Hansen (City University of New York)
• Bjorn Tuypens (Oak Hill Platinum Partners, LLC)

Executive Stock Options: Early Exercise Provisions and Risk-taking Incentives

• Neil Brisley (University of Western Ontario)

Expected Returns and the Expected Growth in Rents of Commercial Real Estate

• Alberto Plazzi (Università di Verona)
• Walter Torous (University of California - Los Angeles)
• Rossen Valkanov (University of California - Los Angeles)

Explaining the Persistence of International Equity Portfolio Flows

• Paul Ehling (Pennsylvania State University)

Financial Constraints, Debt Capacity, and the Cross Section of Stock Returns

• Jaehoon Hahn (University of Washington)
• Hangyong Lee (Korea Development Institute (KDI))

Financial Integration and Entrepreneurial Activity: Evidence from Foreign Bank Entry in Emerging Markets

• Mariassunta Giannetti (Stockholm School of Economics)
• Steven Ongena (Tilburg University)

Financial Integration, Economic Instability and Trade Structure in Emerging Markets

• Rajna Gibson (Universität Zürich)
• Anthony Chambet (Universität Zürich)

Firm Size and Capital Structure

• Ilya Strebulaev (Stanford University)
• Alexander Kurshev (London Business School)

Football and Stock Returns

• Alex Edmans (Massachusetts Institute of Technology)
• Diego Garcia (Dartmouth College)
• Oyvind Norli (Dartmouth College)

Forecasting the Yield Curve in a Data-Rich Environment

• Emanuel Mönch (Humboldt-Universität zu Berlin)

Forecasting Volatility Using Tick by Tick Data

• Zheng Sun (New York University)
• Robert Engle (New York University)

From the Horse's Mouth: Gauging Conditional Expected Stock Returns from Investor Surveys

• Gene Amromin (Federal Reserve Bank of Chicago)
• Steven Sharpe (Federal Reserve Board)

Geographical Segmentation of US Capital Markets

• Bo Becker (University of Illinois at Urbana-Champaign)

Gold-Mining

• Johannes Raaballe (University of Aarhus)
• Bruce Grundy (University of Melbourne)

Governance and CEO Turnover: Do Something or Do the Right Thing?

• Matthew Rhodes-Kropf (Columbia University)
• Rakesh Khurana (Harvard University)
• Raymond Fisman (Columbia University)

Guanxi, Political Connections, and Expropriation: The Dark Side of State Ownership in Chinese Listed Companies

• Aris Stouraitis (City University of Hong Kong)
• Raghavendra Rau (Purdue University)
• Lihua Jing (City University of Hong Kong)
• Steven Yan Leung Cheung (City University of Hong Kong)

Hedging Currency Risk: a Regret-Theoretic Approach

• Sébastien Michenaud (Groupe HEC)
• Bruno Solnik (Groupe HEC)

History versus Geography: The Role of College Interaction in Portfolio Choice and Stock Market Prices

• Andrei Simonov (Stockholm School of Economics)
• Massimo Massa (INSEAD)

How Did Japanese Investments Influence International Art Prices?

• Takato Hiraki (Kwansei Gakuin University)
• Akitoshi Ito (University of Tsukuba)
• Naoya Takezawa (International University of Japan)
• Darius Alexander Spieth (Louisiana State University)

How Does a Shock Propagate? A Model of Contagion in the Interbank Market Due to Financial Linkages

• Rajkamal Iyer (INSEAD)
• José Luis Peydro-Alcalde (INSEAD)

How Does Investor Short-termism Affect Mutual Fund Manager Short-termism

• Li Jin (Harvard University)

How is a Shock to Banks Transmitted to the Real Sector? Evidence from Matched Bank-Firm Loan Data

• Jie Gan (Hong Kong University of Science & Technology)

Idiosyncratic Risk and the Cross-Section of Expected Stock Returns

• Fangjian Fu (University of Rochester)

Implied Measures of Relative Fund Performance

• Mitch Warachka (Singapore Management University)
• Steve Hogan (Credit Suisse First Boston)

Improved Forecasting of Mutual Fund Alphas and Betas

• Matthew Spiegel (Yale University)
• Hong Billy Zhang (INSEAD)
• Harry Mamaysky (Yale University)

Information Acquisition and Portfolio Under-Diversification

• Stijn van Nieuwerburgh (New York University)
• Laura Veldkamp (New York University)

Information Acquisition in a Limit Order Market

• Christine Parlour (Carnegie Mellon University)
• Ronald Goettler (Carnegie Mellon University)
• Uday Rajan (University of Michigan - Ann Arbor)

Information Efficiency and Firm-Specific Return Variation

• Patrick Kelly (Arizona State University)

Informational Asymmetry Between Managers and Investors in the Optimal Capital Structure Decision

• Jochen Lawrenz (Universität Innsbruck)
• Matthias Bank (Universität Innsbruck)

Informed and Strategic Order Flow in the Bond Market

• Clara Vega (University of Rochester)
• Paolo Pasquariello (University of Michigan - Ann Arbor)

Insider Ownership and Privatization

• Francesca Cornelli (London Business School)
• David Li (Hong Kong University of Science & Technology)

Institutional Trading and Share Returns

• David Gallagher (University of New South Wales)
• F. Douglas Foster (University of New South Wales)
• Adrian Looi (University of New South Wales)

International Asset Pricing under Partial Segmentation and PPP deviation

• Ines Chaieb (McGill University)
• Vihang Errunza (McGill University)

Investment Irreversibility, Real Activity and the Value Premium

• Ilan Cooper (Norwegian School of Management BI)
• Bruno Gerard (Norwegian School of Management BI)
• Guojun Wu (University of Michigan - Ann Arbor)

Investment-Based Underperformance Following Seasoned Equity Offerings

• Lu Zhang (University of Rochester)
• Evgeny Lyandres (Rice University)

Investor Sentiment and Pre-IPO Markets

• David Goldreich (London Business School)
• Francesca Cornelli (London Business School)
• Alexander Ljungqvist (New York University)

Is Foreign Exchange Intervention Effective? Some Micro-Analytical Evidence from Central Europe

• Antonio Scalia (Banca d'Italia)

Is Political Risk Company-Specific? The Market Side of the Yukos Affair

• Alexei Goriaev (New Economic School)
• Konstantin Sonin (New Economic School)

Large Corporate Sector Stability and Economic Growth: Is What's Good for General Motors Good for America?

• Randall Morck (University of Alberta)
• Bernard Yeung (New York University)
• Kathy He Fogel (Northern Kentucky University)

Liquidation Triggers and the Valuation of Equity and Debt

• Alon Raviv (Hebrew University)
• Dan Galai (Hebrew University)
• Zvi Wiener (Hebrew University)

Liquidity Supply and Adverse selection in a Pure Limit Order Book Market

• Stefan Frey (Universität Tübingen)
• Joachim Grammig (Universität Tübingen)

Long Horizon Mean Reversion for the Brussels Stock Exchange: Evidence for the 19th Century

• Wim Van Hyfte (University of Ghent)
• Jan Annaert (University of Ghent)

Lower Salaries and No Options? On the Optimal Structure of Executive Pay

• Ingolf Dittmann (Humboldt-Universität zu Berlin)
• Ernst Maug (Humboldt-Universität zu Berlin)

Macroeconomic Risks and the Fama and French Model

• Söhnke Bartram (Lancaster University)
• Kevin Aretz (Lancaster University)
• Peter Pope (Lancaster University)

Mimicking Repurchases

• Zahid Rehman (INSEAD)
• Theo Vermaelen (INSEAD)
• Massimo Massa (INSEAD)

Mispricing of S&P 500 Index Options

• Jens Jackwerth (Universität Konstanz)
• George Constantinides (University of Chicago)
• Stylianos Perrakis (Concordia University)

Modes of Foreign Bank Entry and the Effects on Interest Rate Spreads: Theory and Evidence

• Sophie Claeys (University of Ghent)
• Christa Hainz (Universität München)

Momentum in Futures Markets

• Craig Pirrong (University of Houston)

Moving from Private to Public Ownership: Selling out to Public Firms vs. Initial Public Offerings

• Annette Poulsen (University of Georgia)
• Mike Stegemoller (Texas Tech University)

Mutual Fund Performance and Governance Structure: The Role of Portfolio Managers and Boards of Directors

• Bill Ding (State University of New York at Albany)
• Russell Wermers (University of Maryland)

Mutual Funds and the Market for Liquidity

• Ludovic Phalippou (University of Amsterdam)
• Massimo Massa (INSEAD)

New-Keynesian Macroeconomics and the Term Structure

• Antonio Moreno (Universidad de Navarra)
• Seonghoon Cho (Korea Development Institute (KDI))
• Geert Bekaert (Columbia University)

No-Arbitrage Macroeconomic Determinants of the Yield Curve

• Ruslan Bikbov (Columbia University)
• Mikhail Chernov (Columbia University)

Nominal Rigidities and Asset Pricing in New Keynesian Monetary Models

• Francesco Sangiorgi (Universitat Pompeu Fabra)
• Sergio Santoro (Universitat Pompeu Fabra)

One Trade at a Time: Narrow Framing and Stock Investment Decisions of Individual Investors

• Alok Kumar (University of Notre Dame)
• Sonya Seongyeon Lim (DePaul University)

Optimal Trading Strategy and Supply/Demand Dynamics

• Anna Obizhaeva (Massachusetts Institute of Technology)
• Jiang Wang (Massachusetts Institute of Technology)

Option Pricing under Stochastic Volatility and Trading Volume

• Sadayuki Ono (University of York)

Option-Implied Correlations and the Price of Correlation Risk

• Grigory Vilkov (INSEAD)
• Joost Driessen (University of Amsterdam)
• Pascal Maenhout (INSEAD)

Ownership Duration, Monitoring Quality, and Myopic Firms

• Bernt Arne Ødegaard (Norwegian School of Management BI)
• Øyvind Bøhren (Norwegian School of Management BI)
• Richard Priestley (Norwegian School of Management BI)

Ownership vs. Contract: How Vertical Integration Affects Investment Decisions in Pharmaceutical R&D

• Ilan Guedj (Massachusetts Institute of Technology)

Parametric Portfolio Policies: Exploiting Characteristics in the Cross Section of Equity Returns

• Rossen Valkanov (University of California - Los Angeles)
• Pedro Santa Clara (University of California - Los Angeles)
• Michael Brandt (Duke University)

Path Dependant Option Pricing under Levy Processes

• Conall O'Sullivan (National University of Ireland)

Performance of Private Equity Funds: Another Puzzle?

• Ludovic Phalippou (University of Amsterdam)
• Oliver Gottschalg (INSEAD)
• Maurizio Zollo (INSEAD)

PIPE Dreams? The Performance of Companies Issuing Equity Privately

• Clemens Sialm (University of Michigan - Ann Arbor)
• David Brophy (University of Michigan - Ann Arbor)
• Paige Parker Ouimet (University of Michigan - Ann Arbor)

Portfolio Implications of Systemic Crises

• Erik Kole (Erasmus University Rotterdam)
• Marno Verbeek (Erasmus University Rotterdam)
• Kees Koedijk (Erasmus University Rotterdam)

Portfolio Selection with Parameter and Model Uncertainty: A Multi-Prior Approach

• Raman Uppal (London Business School)
• Lorenzo Garlappi (University of Texas at Austin)
• Tan Wang (University of British Columbia)

Pricing Options on Realized Variance

• Hélyette Geman (Université Paris IX Dauphine)
• Peter Carr (New York University)
• Marc Yor (Université Paris VI Pierre et Marie Curie)
• Dilip Madan (University of Maryland)

Pyramidal Discounts: Tunneling or Agency Costs?

• Martin Holmen (Uppsala University)
• Peter Högfeldt (Stockholm School of Economics)

Regulating Financial Conglomerates

• Gyongyi Loranth (University of Cambridge)
• Xavier Freixas (Universitat Pompeu Fabra)
• Alan Morrison (University of Oxford)

Relationship Lending: Does the Number of Banks Matter? Evidence from US

• Judit Montoriol-Garriga (Universitat Pompeu Fabra)

Reluctant Privatization

• Bernardo Bortolotti (Fondazione Eni Enrico Mattei (FEEM))
• Mara Faccio (Vanderbilt University)

Return Predictability and Stock Market Crashes in a Simple Rational Expectations Model

• Günter Franke (Universität Konstanz)
• Erik Lüders (Université Laval)

Risk Neutral Probabilities and Option Bounds: A Geometric Approach

• James Xiaoping Huang (Lancaster University)

Sector versus Country Specialization and Financial Analysts' Performance

• Frédéric Sonney (Université de Neuchâtel)

Security Design in the Real World: Why are Securitization Issues Tranched?

• Tim Jenkinson (Oxford University)
• Maciej Firla-Cuchra (University of Oxford)

Shareholder Diversification and the Decision to Go Public

• Andriy Bodnaruk (Stockholm School of Economics)
• Massimo Massa (INSEAD)
• Eugene Kandel (Hebrew University)
• Andrei Simonov (Stockholm School of Economics)

Stock and Bond Pricing with Liquidity Risk

• Ruslan Goyenko (Indiana University)

Stock Returns and Volatility: Pricing the Long-Run and Short-Run Components of Market Risk

• Tobias Adrian (Federal Reserve Bank of New York)
• Joshua Rosenberg (Federal Reserve Bank of New York)

Stocks or Options? Moral Hazard, Firm Viability, and the Design of Compensation Contracts

• Ohad Kadan (Washington University in St. Louis)
• Jeroen Swinkels (Washington University in St. Louis)

Stocks, Bonds, Money Markets and Exchange Rates: Measuring International Financial Transmission

• Marcel Fratzscher (European Central Bank)
• Michael Ehrmann (European Central Bank)
• Roberto Rigobon (Massachusetts Institute of Technology)

Striking Oil: Another Puzzle

• Ben Jacobsen (Erasmus University Rotterdam)
• Benjamin Maat (Erasmus University of Rotterdam)
• Gerben Driesprong (Erasmus University of Rotterdam)

Supply and Demand Shifts in the Shorting Market

• Christopher Malloy (London Business School)
• Lauren Cohen (University of Chicago)
• Karl Diether (Ohio State University)

Systematic Noise

• Ning Zhu (University of California at Davis)
• Terrance Odean (University of California at Berkeley)
• Brad Barber (University of California at Davis)

Systemic Risk and Hedge Funds

• Mila Getmansky Sherman (University of Massachusetts)
• Andrew Lo (Massachusetts Institute of Technology)
• Nicholas Chan (Massachusetts Institute of Technology)
• Chane Haas

Takeover, Governance and The Cross-Section of Returns

• Vinay Nair (University of Pennsylvania)
• Kose John (New York University)
• Martijn Cremers (Yale University)

Tax-Motivated Trading by Individual Investors

• Scott Weisbenner (University of Illinois at Urbana-Champaign)
• James Poterba (Massachusetts Institute of Technology)
• Zoran Ivkovich (University of Illinois at Urbana-Champaign)

The ABCs of Mutual Funds: On the Introduction of Multiple Share Classes

• Lu Zheng (University of Michigan - Ann Arbor)
• Zhi Jay Wang (University of Michigan - Ann Arbor)
• Vikram Nanda (University of Michigan - Ann Arbor)

The Contagion Box: Measuring Financial Market Co-Movements by Regression Quantiles

• Bruno Gerard (Norwegian School of Management BI)
• Simone Manganelli (European Central Bank)
• Lorenzo Cappiello (European Central Bank)

The Corporate Governance Role of the Media: Clinical Evidence from Russia

• Natalya Volchkova (New Economic School)
• Luigi Zingales (University of Chicago)
• Alexander Dyck (University of Toronto)

The Cross-Section of Foreign Currency Risk Premia and US Consumption Growth Risk

• Hanno Lustig (University of California - Los Angeles)
• Adrien Verdelhan (University of Chicago)

The Determinants of Ownership After Privatisation - the Case of Russia

• Carsten Sprenger (Universitat Pompeu Fabra)

The Effect of Ownership Structure and Family Control on Firm Value and Performance. Evidence from Continental Europe

• Roberto Barontini (Università Cattolica del Sacro Cuore)
• Lorenzo Caprio (Università Cattolica del Sacro Cuore)

The Financial Risks of Corporations in the Global Economy

• Gregory Brown (University of North Carolina at Chapel Hill)
• Söhnke Bartram (Lancaster University)

The Foregone Gains of Incomplete Portfolios

• Monica Paiella (Banca d'Italia)

The Forward Bias Puzzle and Nonlinearity in Deviations from Uncovered Interest Parity: A New Perspective

• Lucio Sarno (University of Warwick)
• Giorgio Valente (University of Warwick)
• Hyginus Leon (International Monetary Fund)

The Genesis of Home Bias? The Location Decisions of Entrepreneurial Fund Managers

• Jerry Parwada (University of New South Wales)

The Going Public Decision and the Product Market: Empirical Evidence

• Shan He (Boston College)
• Thomas Chemmanur (Boston College)
• Debarshi Nandy (York University)

The Good, the Bad and the Lucky: CEO Pay and Skill

• Robert Daines (Stanford University)
• Lewis Kornhauser (New York University)
• Vinay Nair (University of Pennsylvania)

The Impact of Clientele Changes: Evidence from Stock Splits

• Ning Zhu (University of California at Davis)
• Ravi Dhar (Yale University)
• William Goetzmann (Yale University)

The Initial Public Offerings of Listed Firms

• Ambrus Kecskés (University of Toronto)
• Francois Derrien (University of Toronto)

The Liquidity Premium in a Dynamic Model with Price Impact

• João Pedro Pereira (ISCTE)
• Harold Zhang (University of North Carolina at Chapel Hill)

The Navigation of an Iceberg: The Optimal Use of Hidden Orders

• Burkart Mönch (Universität Frankfurt/M.)
• Angelika Esser (DekaBank)

The Non-Relevance of the Elusive Holy Grail of Asset Pricing Tests: the 'True' Market Portfolio Doesn't Really Matter

• Cheekiat Low (National University of Singapore)
• Subhankar Nayak (Georgia Institute of Technology)

The Optimal Use of Return Predictability: An Empirical Analysis

• Alexander Stremme (University of Warwick)
• Devraj Basu (University of Warwick)
• Abhay Abhyankar (University of Durham)

The Origins of the German Corporation - Finance, Ownership and Control

• Hannes Wagner (Universität München)
• Colin Mayer (Oxford University)
• Julian Franks (London Business School)

The Ownership and Implementation of Ideas

• Stefan Arping (University of Amsterdam)

The Price Is (Almost) Right

• Randolph Cohen (Harvard University)
• Tuomo Vuolteenaho (Harvard University)
• Christopher Polk (Northwestern University)

The Pricing of Block Shares: Evidence from China

• Zhangkai Huang (Peking University)
• Xinzhong Xu (Peking University)

The Private Benefits of Listing

• Jörg Rocholl (University of North Carolina at Chapel Hill)

The Risk Return Tradeoff in the Long-Run: 1836-2003

• Christian Lundblad (Indiana University)

The Role of the Board of Directors in the Capital Budgeting Process - Evidence from S&P 500 Firms

• Efrat Tolkowsky (Tel Aviv University)
• Yaniv Grinstein (Cornell University)

The Role of the Media in the Internet IPO Bubble

• Neal Galpin (Indiana University)
• Rina Ray (Indiana University)
• Utpal Bhattacharya (Indiana University)
• Xiaoyun Yu (Indiana University)

The Role of Venture Capital Backing in Initial Public Offerings: Certification, Screening, or Market Power?

• Thomas Chemmanur (Boston College)
• Elena Loutskina (Boston College)

The Selection and Termination of Investment Managers by Plan Sponsors

• Sunil Wahal (Emory University)
• Amit Goyal (Emory University)

The Staging of Venture Capital Financing: Milestone vs. Rounds

• Eli Talmor (London Business School)
• Charles Cuny (Texas A&M University)

The Stakeholder Pension Lottery: An Analysis of the Default Funds in UK Stakeholder Pension Schemes

• Alistair Byrne (University of Strathclyde)
• David Blake (University of London)
• Andrew Cairns (Heriot-Watt University)
• Kevin Dowd (University of Nottingham)

The Timing Ability of Fixed Income Mutual Funds

• Wayne Ferson (Boston College)

The Value of Financial Flexibility

• Alexander Triantis (University of Maryland)
• Andrea Gamba (Università di Verona)

The Value of Investor Protection: Firm Evidence from Cross-Border Mergers

• Arturo Bris (Yale University)
• Christos Cabolis (ALBA - Athens Laboratory of Business Administration)

Theft and Taxes

• Luigi Zingales (University of Chicago)
• Mihir Desai (Harvard University)
• Alexander Dyck (University of Toronto)

Time-Variation in Term Premia: International Evidence

• Christiaan Wolff (Universiteit Maastricht)
• Willem Verschoor (Universiteit Maastricht)
• Ron Jongen (Universiteit Maastricht)

Time-Varying Liquidity Risk and Asset Pricing

• Masahiro Watanabe (Rice University)
• Akiko Fujimoto (University of Alberta)

Towards a General Theory of Good Deal Bounds

• Irina Slinko (Stockholm School of Economics)
• Tomas Björk (Stockholm School of Economics)

Trading Activity and Liquidity Supply in a Pure Limit Order Book Market. An Empirical Analysis Using a Multivariate Count Data Model

• Andréas Heinen (Universidad Carlos III)
• Joachim Grammig (Universität Tübingen)
• Erick Rengifo (Université catholique de Louvain)

Unbiased Estimation of Economic Impact of Venture Capital Backed Firms

• Luisa Alemany (ESADE Business School)
• José Martí Pellón (Universidad Complutense de Madrid)

Understanding the Limit Order Book: Conditioning on Trade Informativeness

• Helena Beltran Lopez (Center for Operations Research and Econometrics (CORE))
• Joachim Grammig (Universität Tübingen)
• Albert Menkveld (Vrije Universiteit Amsterdam)

Unobserved Actions of Mutual Funds

• Lu Zheng (University of Michigan - Ann Arbor)
• Clemens Sialm (University of Michigan - Ann Arbor)
• Marcin Kacperczyk (University of British Columbia)

Value at Risk and the Cross-Section of Hedge Fund Returns

• Bing Liang (University of Massachusetts)
• Turan Bali (City University of New York)
• Suleyman Gokcan (Citigroup Alternative Investments)

War, Crisis, and the Capital Market: The Anomaly of the Size Effect in Germany, 1872-1990

• Margaryta Korolenko (Universität Tübingen)
• Jörg Baten (Universität Tübingen)

What do Boards do? Evidence from Board Committee and Director Compensation Data

• Renée Adams (Stockholm School of Economics)

What Do Firms Disclose and Why? Enforcing Corporate Governance and Transparency in Central and Eastern Europe

• Anete Pajuste (Stockholm School of Economics)
• Erik Berglof (Stockholm School of Economics)

What To Do About Excessive Volatility?

• Alexander Kurshev (London Business School)
• Bernard Dumas (INSEAD)
• Raman Uppal (London Business School)

When Do Firms Default? A Study of the Default Boundary

• Sergei Davydenko (London Business School)

Which Trades Move Stock Prices in the Internet Age?

• Oliver Hansch (Pennsylvania State University)
• Hyuk Choe (Seoul National University)

Who Are the Beneficiaries When Insiders Trade? An Examination of Piggybacking in the Brokerage Industry

• Jinghua Yan (University of Pennsylvania)
• Christopher Geczy (University of Pennsylvania)

Who Gambles in the Stock Market?

• Alok Kumar (University of Notre Dame)

Who Loses from Trade? Evidence from Taiwan

• Brad Barber (University of California at Davis)
• Yi-Tsung Lee (National Chengchi University)
• Yu-Jane Liu (National Chengchi University)
• Terrance Odean (University of California at Berkeley)

Why are IPO Investors Net Buyers through Lead Underwriters?

• Selim Topaloglu (Queen's University)
• Jeffrey Harris (University of Delaware)
• John Griffin (University of Texas at Austin)

Why Do Financial Systems Differ? History Matters

• Cyril Monnet (European Central Bank)
• Erwan Quintin (Federal Reserve Bank of Dallas)

Why Does Stock Market Volatility Change Over Time? A Time-Varying Variance Decomposition for Stock Returns

• John Scruggs (University of Georgia)
• Federico Nardari (Arizona State University)

Why Don't IPO Firms Disclose a Reservation Price?

• Neil Brisley (University of Western Ontario)
• Walid Busaba (University of Western Ontario)