Informational Black Holes in Financial Markets, Ulf Axelson and Igor Makarov, Journal of Finance, forthcoming

Prestige, Promotion and Pay, Daniel Ferreira and Radoslawa Nikolowa, Journal of Finance, forthcoming https://dx.doi.org/10.2139/ssrn.3091006

Why Do Boards Exist? Governance Design in the Absence of Corporate Law, Mike Burkart, Salvatore Miglietta, Charlotte Ostergaard, Review of Financial Studies, 36:5, 1788–1836

Corporate Capture of Blockchain Governance, Daniel Ferreira, Jin Li, Radoslawa Nikolowa, Review of Financial Studies, 36:4, 1364–1407

Measuring the welfare cost of asymmetric information in consumer credit markets, Anthony A. DeFusco, Huan Tang, Constantine Yannelis, Journal of Financial Economics, 146:3, 821-840

Asset Management Contracts and Equilibrium Prices, Andrea M. Buffa, Dimitri Vayanos, Paul Woolley, Journal of Political Economy, 130:12, 3146–3201

Multi-asset Noisy Rational Expectations Equilibrium with Contingent Claims, Georgy Chabakauri, Kathy Yuan, Konstantinos E Zachariadis, Review of Economic Studies, 89:5, 2445–2490

Sentiment and Speculation in a Market with Heterogeneous Beliefs, Ian W. R. Martin, Dimitris Papadimitriou, American Economic Review, 112:8, 2465-2517

Comomentum: Inferring Arbitrage Activity from Return Correlations, Dong Lou and Christopher Polk, Review of Financial Studies, 35:7, 3272–3302

Heterogeneous Global Booms and Busts, Maryam Farboodi, Péter Kondor, American Economic Review, 112:7, 2178-2212

Ripples into waves: Trade networks, economic activity, and asset prices, Jeffery (Jinfan) Chang, Huancheng Du, Dong Lou, Christopher Polk, Journal of Financial Economics, 145:1, 217-238

The Wall Street Stampede: Exit as Governance with Interacting Blockholders, Dragana Cvijanovic, Amil Dasgupta, Konstantinos E. Zachariadis, Journal of Financial Economics, 144:2, 433-455

Extrapolative Bubbles and Trading Volume, Jingchi Liao, Cameron Peng and Ning Zhu, Review of Financial Studies, 35:4, 1682-1722

Activism and Takeovers, Mike Burkart, Samuel Lee, Review of Financial Studies, 35:4, 1868–1896

Clients' Connections: Measuring the Role of Private Information in Decentralized Markets, Péter Kondor, Gábor Pintér, Journal of Finance, 77:1, 505-544

Taming the Bias Zoo, Hongqi Liu, Cameron Peng, Wei A. Xiong and Wei Xiong, Journal of Financial Economics, 143:2, 716-741

Exchange Rate Exposure and Firm Dynamics, Juliana Salomao, Liliana Varela, Review of Economic Studies, 89:1, 481-514

Measuring the ex-ante incentive effects of creditor control rights during bankruptcy reorganization, Ashwini Agrawal, Juanita González-Uribe, Jimmy Martínez-Correa, Journal of Financial Economics, 143:1, 381-408

Market efficiency in the age of big data, Ian W.R. Martin, Stefan Nagel, Journal of Financial Economics, 145:1, 154-177

Volatility, Valuation Ratios, and Bubbles: An Empirical Measure of Market Sentiment, Can Gao, Ian W. R. Martin, Journal of Finance, 76:6, 3211-3254

Informed trading in government bond markets, Robert Czech, Shiyang Huang, Dong Lou, Tianyu Wang, Journal of Financial Economics, 142:3, 1253-1274

High-cost debt and perceived creditworthiness: Evidence from the UK, Andres Liberman, Daniel Paravisini, Vikram Pathania, Journal of Financial Economics, 142:2, 719-736

Measuring Bias in Consumer Lending, Will Dobbie, Andres Liberman, Daniel Paravisini, Vikram Pathania, Review of Economic Studies, 88:6, 2799–2832

Network risk and key players: A structural analysis of interbank liquidity, Edward Denbee, Christian Julliard, Ye Li, Kathy Yuan, Journal of Financial Economics, 141:3, 831-859

The Rate of Communication, Huang Shiyang, Hwang Byoung-Hyoun, Dong Lou, Journal of Financial Economics, 141:2, 533-550

Asset Pricing with Index Investing, Georgy Chabakauri, Oleg Rytchkov, Journal of Financial Economics, 141:1, 195-216

Performance-Induced CEO Turnover, Dirk Jenter, Katharina Lewellen, Review of Financial Studies, 34:2, 569–617

A Dynamic Model of Optimal Creditor Dispersion, Hongda Zhong, Journal of Finance, 76:1, 267-316

Identifying and boosting “Gazelles”: Evidence from business accelerators, Juanita González-Uribe, Santiago Reyes, Journal of Financial Economics, 139:1, 260-287

A Preferred-Habitat Model of the Term Structure of Interest Rates, Dimitri Vayanos and Jean-Luc Vila, Econometrica, 89:1, 77-112

Corrigendum to “Trading and Information Diffusion in Over-the-Counter Markets” Ana Babus, Péter Kondor, Yilin Wang, Econometrica, 88:5, 2221-2228

Information Dispersion across Employees and Stock Returns, Ashwini Agrawal, Isaac Hacamo, Zhongchen Hu, Review of Financial Studies, 34:10, 4785–4831

IQ from IP: Simplifying search in portfolio choice, Huaizhi Chena, Lauren Cohen, Umit Gurun, Dong Lou, Christopher Malloy, Journal of Financial Economics, 138:1, 118-137

Price and Probability: Decomposing the Takeover Effects of Anti-Takeover Provisions, Vicente Cuñat, Maria Guadalupe and Mireia Gine, Journal of Finance, 75:5, 2591-2629

Turning Alphas into Betas: Arbitrage and Endogenous Risk, Thummim Cho, Journal of Financial Economics, 137:2, 550-570

Aging in Place, Housing Maintenance, and Reverse Mortgages, João F Cocco, Paula Lopes, Review of Economic Studies, 87:4, 1799-1836 

Trading and arbitrage in cryptocurrency markets, Igor Makarov, Antoinette Schoar, Journal of Financial Economics, 135:2, 293-319

Collateral Constraints and Asset Prices, Georgy Chabakauri and Brandon Yueyang Han, Journal of Financial Economics,

Exchanges of Innovation Resources in Venture Capital Portfolios, Juanita Gonzalez-Uribe, Journal of Financial Economics, 135:1, 144-168.

A Theory of Multiperiod Debt Structure, Chong Huang, Martin Oehmke and Hongda Zhong,  Review of Financial Studies, 32:11, 4447-4500

Investor Protection and Asset Prices, Suleyman Basak, Georgy Chabakauri, M. Deniz Yavuz, Review of Financial Studies, 32:12, 4905–4946

Notes on the Yield Curve, Ian Martin and Steve Ross, Journal of Financial Economics, 134:3, 689-702

What is the Expected Return on a Stock? Ian Martin and Christian Wagner, Journal of Finance, 74:4, 1887-1929

Firing the Wrong Workers: Financing Constraints and Labor Misallocation, Andrea Caggese, Vicente Cuñat and Daniel Metzger, Journal of Financial Economics, 133:3, 589-607

Bank Resolution and the Structure of Global Banks, Martin Oehmke and Patrick Bolton, Review of Financial Studies, 32:6, 2384–2421

Liquidity Risk and the Dynamics of Arbitrage Capital, Peter Kondor and Dimitri Vayanos, Journal of Finance, 74:3, 1139-1173

A Tug of War: Overnight vs.Intraday Expected Returns, Dong Lou, Christopher Polk and Spyros Skouros, Journal of Financial Economics, 134, 192-213. 

Financial Markets where Traders Neglect the Informational Content of Prices, Erik Eyster, Matthew Rabin and Dimitri Vayanos, Journal of Finance, 74:1, 371-399.

The Quanto Theory of Exchange Rates, Ian Martin and Lukas Kremens, American Economic Review, 109:3, 810-843.

Strategic News Releases in Equity Vesting Months, Alex Edmans, Luis Goncalves-Pinto, Moqi Groen-Xu, Yanbo Wang, Review of Financial Studies, 31:11, 4099–4141.

Interest Rate Risk Management in Uncertain Times, Lorenzo Bretscher, Lukas Schmid, Andrea Vedolin, Review of Financial Studies, 31:8, 3019–3060

Creditor Control Rights and Board Independence, Daniel Ferreira, Miguel Ferreira, Beatriz Mariano, Journal of Finance, 75:5, 2385-2423.

The Dynamics of Financially Constrained Arbitrage, Denis Gromb and Dimitri Vayanos, Journal of Finance, 73:4, 1713-1750.

Screening on Loan Terms: Evidence from Maturity Choice in Consumer Credit, A. Hertzberg , A. Liberman and Daniel Paravisini, Review of Financial Studies, 31:9, 3532 - 3567.

The effects of business accelerators on venture performance: evidence from start-up Chile, Juanita Gonzalez-Uribe and Michael Leatherbee, Review of Financial Studies, 31:4, 1586-1603.

Does Herding Behavior Reveal Skill? An Analysis of Mutual Fund Performance, Hao Jiang and Michela Verardo, Journal of Finance, 73 (5), 2229-2269

An Intertemporal CAPM with Stochastic Volatility, John Y. Campbell, Stefano Giglio, Christopher Polk and Robert Turley, Journal of Financial Economics, 2018, 128, 207-233. ISSN 0304-405X

Learning from History: Volatility and Financial Crises, Jon Danielsson, Marcela Valenzuela, and Ilknur Zer, Review of Financial Studies, 31 (7),  2018, 2774–2805

Agency, Firm Growth, and Managerial Turnover, Ronald W. Anderson, M. Cecilia Bustamante, Stéphane Guibaud, Mihail Zervos, Journal of Finance, 73 (1), 419-464

Trading and Information Diffusion in Over-the-Counter Markets, Ana Babus, Peter Kondor, Econometrica, 86 (5), 1727-1769

International correlation risk, Philippe Mueller, Andreas Stathopoulos, Andrea Vedolin, Journal of Financial Economics, 126:2, 270-299

The Anatomy of the CDS Market,  Martin Oehmke and Adam Zawadowski, Review of Financial Studies, 2017, 30 (1), 80-119, ISSN 0893-9454

Cultural Proximity and Loan Outcomes, Raymond Fisman, Daniel Paravisini and Vikrant Vig,  American Economic Review, 2017, 107 (2), 457-492. ISSN 0002-8282

Exchange Rates and Monetary Policy Uncertainty, Philippe Mueller, Alireza Tahbaz-Salehi, Andrea Vedolin, Journal of Finance, 72:3, 1213-1252

What is the Consumption-CAPM missing? An Information-Theoretic Framework for the Analysis of Asset Pricing Models, Anisha Ghosh, Christian Julliard and Alex Taylor, Review of Financial Studies, 2016, 30 (2), 442-504

What is the Expected Return on the Market?, Ian Martin, Quarterly Journal of Economics, 2017; 132 (1), 367-433. doi: 10.1093/qje/qjw034

Contractual Externalities and Systemic Risk, Emre Ozdenoren,  and Kathy Yuan, Review of Economic Studies, 2017, 84 (4), 789-1817, ISSN 0034-6527

Buying High and Selling Low: Stock Repurchases and Persistent Asymmetric Information, Philip Bond and Hongda Zhong, Review of Financial Studies, 2016, 29 (6), 1409-1452

Industry Window Dressing, Huaizhi Chen, Lauren Cohen, Dong Lou, Review of Financial Studies, 2016, 29 (12), 3354-3393

Ties that Bind: How business ties affect mutual fund activism, Dragana Cvijanovic, Amil Dasgupta and Konstantinos Zachariadis, Journal of Finance, 2016, 71, 2933–2966

Mortgage Risk and the Yield Curve, Aytek Malkhozov, Philippe Mueller, Andrea Vedolin and Gyuri Venter, Review of Financial Studies, 2016, 29 (5), 1220-1253

Private Equity and Workers’ Career Paths: The Role of Technological Change", Ashwini Agrawal and Prasanna Tambe, Review of Financial Studies, 2016, 29 (9), 2455-2489

Inefficient Investment Waves, Zhiguo He and Peter Kondor, Econometrica, 2016, 84 (2), 735-780

Signalling to Dispersed Shareholders and Corporate Control, Mike Burkart and Samuel Lee, Review of Economic Studies, 2015, 82 (3), 922-962. ISSN 0034-6527

The Wall Street Walk When Blockholders Compete for Flows, Amil Dasgupta and Giorgia Piacentino, Journal of Finance, 2015, 70 (6), 2853–2896

CEO Preferences and Acquisitions, Dirk Jenter and Katharina Lewellen, Journal of Finance, 2015, 70 (6), 2813–2852

Averting Catastrophes: The Strange Economics of Scylla and Charybdis, Ian Martin and Robert Pindyck, American Economic Review, 2015, 105 (10), 2947-85

Wall Street Occupations, Ulf Axelson and Philip Bond, Journal of Finance, 2015, 70 (5), 1949-1996

Rewarding Trading Skills Without Inducing Gambling, Igor Makarov and Guillaume Plantin, Journal of Finance, 2015, 70 (3), 925–962

Strategic Investment and Industry Risk Dynamics, Maria Cecilia Bustamante, Review of Financial Studies, 2015, 28 (2), 297- 341 

Dissecting the Effect of Credit Supply on Trade: Evidence from Matched Credit-Export Data, Daniel Paravisini Veronica Rappoport Philipp Schnabl Daniel Wolfenzon, Review of Economic Studies, 2015, 82 (1), 333-359

Connected Stocks, Miguel Anton and Christopher Polk, Journal of Finance, 69, 1099–1127 (Internet appendix to 'Connected Stocks')

Attracting Investor Attention through Advertising, Dong Lou, Review of Financial Studies, 27 (6), 1797-1829

Bond Supply and Bond Excess Returns, Robin Greenwood and Dimitri Vayanos, Review of Financial Studies, 27 (3), 663 - 713

Legal Investor Protection and Takeovers, Mike Burkart, Denis Gromb, Holger M. Mueller, and Fausto Panunzi, Journal of Finance, 69 (3), 1129-1164

When Uncertainty Blows in the Orchard: Comovement and Equilibrium Volatility Risk Premia, Andrea Buraschi, Fabio Trojani and Andrea Vedolin, Journal of Finance, 69 (1), 101-137

Incentives to Innovate and the Decision to Go Public or Private,D. Ferreira, G. Manso and A. Silva, Review of Financial Studies, 27 (1), 256-300

Dynamic Equilibrium with Two Stocks, Heterogeneous Investors, and Portfolio Constraints, G. Chabakauri,, Review of Financial Studies, 26 (12), 3104-3141

Long Run Risk and the Persistence of Consumption Shocks, F. Ortu, A. Tamoni and C. Tebaldi, Review of Financial Studies, 26 (11), 2876-2915

Borrow Cheap, Buy High? Determinants of Leverage and Pricing in Buyouts, U. Axelson, T. Jenkinson, P. Strömberg, and M. Weisbach, Journal of Finance, 68 (6), 2223–2267

Bond Market Clienteles, the Yield Curve, and the Optimal Maturity Structure of Government Debt, S. Guibaud, Y. Nosbusch and D. Vayanos, Review of Financial Studies, 26 (8), 1914-1961

Anticipated and Repeated Shocks in Liquid Markets, Dong Lou, Hongjun Yan and Jinfan Zhang, Review of Financial Studies, 26 (8), 1891-1912

Trading Frenzies and Their Impact on Real Investment, Goldstein, Itay, Emre, Ozdenoren and K. Yuan, Journal of Financial Economics, 109 (2), 566–582

CDS Auctions, Mikhail Chernov, Alexander S. Gorbenko, Igor Makarov, Review of Financial Studies, 26:3, 768–805

An Institutional Theory of Momentum and Reversal, D. Vayanos and P. Woolley, Review of Financial Studies, 26 (5), 1087-1145

Inequality, stock market participation, and the equity premium, J. Favilukis, Journal of Financial Economics, 107 (3), 740-759

A Flow-Based Explanation for Return Predictability, D. Lou, Review of Financial Studies, 25 (12), 3457-3489

The Term Structure of Inflation Expectations, M. Chernov and P. Mueller, Journal of Financial Economics, 106 (2), 367-394

Can Rare Events Explain the Equity Premium Puzzle?, C. Julliard and A. Ghosh, Review of Financial Studies, 25 (10), 3037-3076

The vote is cast: The effect of corporate governance on shareholder value, V. Cunat, M. Guadalupe, and M. Gine, Journal of Finance, 67 (5), 1943-1977

Does Beta Move with News? Firm-Specific Information Flows and Learning about Profitability, Michela Verardo and Andrew Patton, Review of Financial Studies, 25 (9), 2789-2839

Complicated Firms, L. Cohen and D. Lou, Journal of Financial Economics, 104 (2), 383-400

Dynamic Hedging in Incomplete Markets: A Simple Solution, Suleyman Basak, Georgy Chabakauri, Review of Financial Studies, 25:6, 1845–1896

Corporate Liquidity and Capital Structure, R. Anderson and A. Carverhill, Review of Financial Studies, 25:3, 797-837

Search, Design, and Market Structure, H. Bar-Isaac, V. Cunat, and G. Caruana, American Economic Review, 102:2, 1140-1160

Liquidity and Asset Returns under Asymmetric Information and Imperfect Competition, D. Vayanos and J. Wang, Review of Financial Studies, 25:5, 1339–1365

Board structure and price informativeness, D. Ferreira, M. Ferreira, and C. Raposo, Journal of Financial Economics, 2011

Disasters implied by equity index options, D. Backus, M. Chernov, and I. Martin, Journal of Finance, 2011

Institutional trade persistence and long-term equity returns, A. Dasgupta, A.Prat, and M. Verardo, Journal of Finance, 2011

Learning and strategic complementarities in speculative attacks, I. Goldstein, K. Yuan, and E. Ozdenoren, Review of Economic Studies, 2011

The price impact of institutional herding, A. Dasgupta, A.Prat, and M. Verardo, Review of Financial Studies, 2011

Dynamic mean-variance asset allocation, S. Basak and G. Chabakauri, Review of Financial Studies, 23:8, 2970–3016

Growth or Glamour? Fundamentals and systematic risks in stock returns, J. Campbell, C. Polk, and T. Vuolteenaho, Review of Financial Studies, 23:1, 305-344

The gambler's and hot-hand fallacies: Theory and applications, M. Rabin and D. Vayanos, Review of Economic Studies, 77:2, 730-778

Moderation in groups: Evidence from betting on ice break-ups in Alaska, R. Adams and D. Ferreira, Review of Economic Studies, 77:3, 882-913

Price Pressure in the Government Bond Market, Robin Greenwood, Dimitri Vayanos, American Economic Review, 100:2, 585-590

Satisficing Contracts, Patrick Bolton, Antoine Faure-Grimaud, Review of Economic Studies, 77:3, 937–971