How to contact us

The Paul Woolley Centre for the Study of Capital Market Dysfunctionality
Financial Markets Group
London School of Economics
Houghton Street
London WC2A 2AE, UK

Join our mailing list

Director
Dimitri Vayanos

Enquiries
Tel:  +44 (0)207 852 3502
Email: cmdcentre.fmg@lse.ac.uk

 

 

 

Working Papers

The latest Paul Woolley Centre working papers are free to download, and are available below.

  • The Booms and Busts of Beta Arbitrage [PDF]
    Dong Lou, Christopher Polk, Shiyang Huang
    The Paul Woolley Paper Series No 47, June 2015
    • Winner of Quantitative Management Initiative (QMI) Grant, 2013
    • Winner of Europlace Institute of Finance Research Grant, 2013
  • Wolf Pack Activism [PDF]
    Amil Dasgupta, Alon Brav and Richmond Mathews
    The Paul Woolley Paper Series No 46, March 2015
  • Asset Management Contracts and Equilibrium Prices [PDF]
    Andrea Buffa, Dimitri Vayanos and Paul Woolley
    The Paul Woolley Paper Series No 41,
    FMG Discussion Paper 736, October 2014
    • Winner of the best paper award in Asset Pricing in the SFS Cavalcade 2015
  • Industry Window Dressing [PDF]
    Huaizhi Chen, Lauren Cohen & Dong Lou
    The Paul Woolley Centre Paper Series No 34,
    FMG Discussion Paper 719, Feb 2013
  • Stock Market Tournaments [PDF]
    Emre Ozdenoren, Kathy Yuan
    The Paul Woolley Centre Paper Series No 29,
    FMG Discussion Paper 706, July 2012 
  • CDS Auctions [PDF]
    Mikhail Chernov, Alexander S. Gorbenko, Igor Makarov
    The Paul Woolley Centre Paper Series No 26,
    FMG Discussion Paper 688, July 2011
    [see also CDS auctions (2013), Review of Financial Studies, 26 (3)]
  • Complicated Firms  [PDF]
    Lauren Cohen, Dong Lou
    The Paul Woolley Centre Paper Series No 24,
    FMG Discussion Paper 683, June 2011
    [see also Complicated firms (2012), Journal of Financial Economics, 104 (2)]
  • Trading and Voting in Distressed Firms [PDF]
    by Ioan F. Olaru & Konstantinos E. Zachariadis
    The Paul Woolley Centre Working Paper Series No 21,
    FMG Discussion Paper 672, February 2011
    [forthcoming in Review of Finance]
    This is a revised version of Working Paper Series No 12
    FMG Discussion Paper No 656
  • Fund Flows and Asset Prices: A Baseline Model [PDF]
    by Dimitri Vayanos & Paul Woolley
    The Paul Woolley Centre Working Paper Series No 18,
    FMG Discussion Paper 667, January 2011
    This is a revised version of Working Paper Series No 15
    FMG Discussion Paper No 662
  • Fund Flows and Asset Prices: A Baseline Model
    by Dimitri Vayanos and Paul Woolley
    The Paul Woolley Centre Working Paper Series No 15,
    FMG Discussion Paper 662, December 2010 
    This paper is no longer available, the revised version of this
    paper can be found above as Working Paper Series No 18
    FMG Discussion Paper No 667, January 2011
  • Innovations, rents and risk [PDF]
    by Bruno Biais, Jean-Charles Rochet & Paul Woolley
    The Paul Woolley Centre Working Paper Series No 13,
    FMG Discussion Paper 659, September 2010
    [see also Dynamics of Innovation and Risk (2015). Review of Financial Studies, 28 (5)]
     
  • Trading and Voting in Distressed Firms
    by Ioan Olaru and Konstantinos Zachariadis
    The Paul Woolley Centre Working Paper Series No 12,
    FMG Discussion Paper 656, June 2010
    This paper is no longer available, the revised version of this
    paper can be found above as Working Paper Series No 21
    FMG Discussion Paper No 672, February 2011
  • Connected Stocks  [PDF]
    by Miguel Antón and Christopher Polk
    The Paul Woolley Centre Working Paper Series No 10,
    FMG Discussion Paper 651, March 2010
    [see also Connected stocks (2014), The Journal of Finance, 69 (3)]
  • The lifecycle of the financial sector and other speculative industries
    by Bruno Biais, Jean-Charles Rochet & Paul Woolley, April 2009.
    This paper is no longer available, the revised version of this paper can be found as Paul Woolley Centre Paper 4, FMG Discussion Paper 632
  • Best Ideas  [PDF]
    by Randy Cohen, Christopher Polk & Bernhard Silli
    The Paul Woolley Centre Working Paper Series No 3,
    FMG Discussion Paper 624, January 2009
  • An Institutional Theory of Momentum and Reversal
    by Dimitri Vayanos & Paul Woolley
    The Paul Woolley Centre Working Paper Series No 2,
    FMG Discussion Paper 621, November 2008 
    This paper is no longer available, the revised version of this paper can be found as Working Paper Series No 17, FMG Discussion Paper No 666, January 2011
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