SSRN AFA 2009 San Francisco Meetings (Archive)

1.

Capital Structure and Debt Structure

EFA 2008 Athens Meetings Paper, AFA 2009 San Francisco Meetings Paper

Number of pages: 56 Posted: 19 Mar 2008 Last Revised: 18 Feb 2010

Working Paper Series

Joshua D. Rauh and Amir Sufi

Stanford Graduate School of Business and University of Chicago - Booth School of Business

There are 2 versions of this paper

Downloads 6,000

2.

What Does Individual Option Volatility Smirk Tell Us About Future Equity Returns?

AFA 2009 San Francisco Meetings Paper

Number of pages: 38 Posted: 26 Mar 2008 Last Revised: 15 Aug 2008

Working Paper Series

Xiaoyan Zhang, Rui Zhao and Yuhang Xing

Purdue University - Krannert School of Management, BlackRock, Inc. and Rice University

Downloads 4,205

3.

Profits and Capital Structure

AFA 2009 San Francisco Meetings Paper

Number of pages: 42 Posted: 13 Mar 2008 Last Revised: 30 Jul 2014

Working Paper Series

Murray Z. Frank and Vidhan K. Goyal

University of Minnesota and Hong Kong University of Science & Technology (HKUST) - Department of Finance

Downloads 3,232

4.

Media Coverage and the Cross-Section of Stock Returns

The Journal of Finance, Vol. 64, No. 5, pp. 2023-2052, 2009, AFA 2009 San Francisco Meetings Paper

Number of pages: 45 Posted: 21 Mar 2007 Last Revised: 08 Nov 2011

Working Paper Series

Lily H. Fang and Joel Peress

INSEAD - Finance and INSEAD - Finance

Downloads 3,092

5.

Dynamic Mean-Variance Asset Allocation

EFA 2007 Ljubljana Meetings, AFA 2009 San Francisco Meetings Paper

Number of pages: 46 Posted: 27 Feb 2007 Last Revised: 09 Apr 2009

Working Paper Series

Suleyman Basak and Georgy Chabakauri

London Business School and London School of Economics and Political Science

There are 2 versions of this paper

Downloads 3,046

6.

Corporate Governance Consequences of Accounting Scandals: Evidence from Top Management, CFO and Auditor Turnover

Quarterly Journal of Finance, 2016, Forthcoming

Number of pages: 48 Posted: 05 Mar 2008 Last Revised: 16 Sep 2015

Accepted Paper Series

Anup Agrawal and Tommy Cooper

University of Alabama - Culverhouse College of Commerce & Business Administration and University of Alabama - Department of Economics, Finance and Legal Studies

Downloads 2,763

7.

Are ETFs Replacing Index Mutual Funds?

AFA 2009 San Francisco Meetings Paper

Number of pages: 41 Posted: 24 Mar 2008 Last Revised: 17 Nov 2009

Working Paper Series

Jennifer C. Huang and Ilan Guedj

University of Texas at Austin - Department of Finance and Bates White, LLC

Downloads 2,661

8.

Corporate Governance and Capital Structure Dynamics

AFA 2009 San Francisco Meetings Paper

Number of pages: 58 Posted: 27 Mar 2008 Last Revised: 25 Dec 2010

Working Paper Series

Erwan Morellec, Boris Nikolov and Norman Schürhoff

Ecole Polytechnique Fédérale de Lausanne, University of Lausanne and University of Lausanne

There are 2 versions of this paper

Downloads 2,444

9.

The Cross-section of Managerial Ability, Incentives, and Risk Preferences

EFA 2008 Athens Meetings Paper, AFA 2009 San Francisco Meetings Paper

Number of pages: 88 Posted: 23 Mar 2009 Last Revised: 17 Oct 2012

Working Paper Series

Ralph S. J. Koijen

New York University (NYU) - Department of Finance

Downloads 2,230

10.

Behavioral Biases of Mutual Fund Investors

Journal of Financial Economics (JFE), Forthcoming, AFA 2009 San Francisco Meetings Paper

Number of pages: 69 Posted: 20 Mar 2008 Last Revised: 19 Jul 2010

Accepted Paper Series

Warren Bailey, Alok Kumar and David T. Ng

Cornell University, University of Miami - School of Business Administration and Cornell University

Downloads 2,068

11.

Buy High and Sell Low

Number of pages: 42 Posted: 26 Mar 2008 Last Revised: 10 Jan 2011

Working Paper Series

Kevin Q. Wang

University of Toronto - Joseph L. Rotman School of Management

Downloads 2,038

12.

What Segments Equity Markets?

Netspar Discussion Paper No. 02/2011-031, AFA 2009 San Francisco Meetings Paper, National Bank of Poland Working Paper No. 76

Number of pages: 61 Posted: 27 Mar 2008 Last Revised: 19 Sep 2012

Working Paper Series

Geert Bekaert, Campbell R. Harvey, Christian T. Lundblad and Stephan Siegel

Columbia Business School - Finance and Economics, Duke University - Fuqua School of Business, University of North Carolina Kenan-Flagler Business School and University of Washington - Michael G. Foster School of Business

There are 3 versions of this paper

Downloads 1,976

13.

The Real Effects of Financial Markets: The Impact of Prices on Takeovers

Journal of Finance 67(3), 933-971, June 2012

Number of pages: 58 Posted: 19 Mar 2008 Last Revised: 04 Jun 2014

Accepted Paper Series

Alex Edmans, Itay Goldstein and Wei Jiang

London Business School - Institute of Finance and Accounting, University of Pennsylvania - The Wharton School - Finance Department and Columbia Business School - Finance and Economics

Downloads 1,841

14.

Short Sellers and Financial Misconduct

Journal of Finance, Vol. 65, No. 5 (October 2010), pp. 1879-1913, AFA 2008 San Francisco Meetings Paper, EFA 2008 Athens Meetings Paper

Number of pages: 72 Posted: 06 Mar 2008 Last Revised: 21 Jun 2017

Accepted Paper Series

Jonathan M. Karpoff and Xiaoxia Lou

University of Washington - Michael G. Foster School of Business and University of Delaware - Alfred Lerner College of Business and Economics

Downloads 1,793

15.

Aggregate Idiosyncratic Volatility

AFA 2009 San Francisco Meetings Paper, EFA 2009 Bergen Meetings Paper

Number of pages: 63 Posted: 25 Mar 2008 Last Revised: 28 Jun 2011

Working Paper Series

Geert Bekaert, Robert J. Hodrick and Xiaoyan Zhang

Columbia Business School - Finance and Economics, Columbia Business School - Finance and Economics and Purdue University - Krannert School of Management

There are 3 versions of this paper

Downloads 1,787

16.

The Price of Market Volatility Risk

AFA 2009 San Francisco Meetings Paper

Number of pages: 59 Posted: 18 Mar 2008

Working Paper Series

Jefferson Duarte and Christopher S. Jones

Rice University and University of Southern California - Marshall School of Business - Finance and Business Economics Department

Downloads 1,589

17.

How Important is Financial Risk?

AFA 2009 San Francisco Meetings Paper

Number of pages: 79 Posted: 17 Mar 2008 Last Revised: 10 Mar 2014

Working Paper Series

Söhnke M. Bartram, Gregory W. Brown and William Waller

Warwick Business School - Department of Finance, University of North Carolina (UNC) at Chapel Hill - Finance Area and Carnegie Mellon University - David A. Tepper School of Business

There are 2 versions of this paper

Downloads 1,561

18.

When Do Firms Default? A Study of the Default Boundary

EFA Moscow Meetings Paper, WFA Keystone Meetings Paper, AFA San Francisco Meetings Paper

Number of pages: 46 Posted: 26 Mar 2008 Last Revised: 06 Nov 2012

Working Paper Series

Sergei A. Davydenko

University of Toronto - Finance Area

Downloads 1,561

19.

Corporate Credit Spreads under Parameter Uncertainty

AFA 2009 San Francisco Meetings Paper

Number of pages: 45 Posted: 26 Mar 2008 Last Revised: 30 Nov 2009

Working Paper Series

Arthur G. Korteweg and Nick Polson

University of Southern California - Marshall School of Business and University of Chicago - Booth School of Business

Downloads 1,545

20.

Are All Inside Directors the Same? Evidence from the External Directorship Market.

Journal of Finance, Forthcoming, ECGI - Finance Working Paper No. 241/2009, 3rd Annual Conference on Empirical Legal Studies Papers, AFA 2009 San Francisco Meetings Paper

Number of pages: 90 Posted: 22 Apr 2008 Last Revised: 04 Sep 2012

Accepted Paper Series

Ronald W. Masulis and Shawn Mobbs

University of New South Wales - Australian School of Business and University of Alabama - Culverhouse College of Commerce and Business Administration

Downloads 1,542

21.

Opening the Black Box: Internal Capital Markets and Managerial Power

Journal of Finance 68, 2013, 1577-1631 , EFA 2007 Ljubljana Meetings Paper, AFA 2009 San Francisco Meetings Paper

Number of pages: 112 Posted: 25 Mar 2008 Last Revised: 30 Jan 2015

Working Paper Series

Markus Glaser, Florencio Lopez de Silanes and Zacharias Sautner

Ludwig Maximilian University of Munich - Faculty of Business Administration (Munich School of Management), SKEMA Business School and Frankfurt School of Finance & Management gemeinnützige GmbH

Downloads 1,465

22.

The Life Cycle of Family Ownership: International Evidence

EFA 2009 Bergen Meetings Paper, AFA 2009 San Francisco Meetings Paper, Paris December 2011 Finance Meeting EUROFIDAI - AFFI

Number of pages: 68 Posted: 06 Mar 2008 Last Revised: 25 Oct 2011

Working Paper Series

Julian R. Franks, Colin Mayer, Paolo F. Volpin and Hannes F. Wagner

London Business School, University of Oxford - Said Business School, City University London - Faculty of Finance and Bocconi University - Department of Finance

Downloads 1,464

23.

Costly Information Processing: Evidence from Earnings Announcements

AFA 2009 San Francisco Meetings Paper

Number of pages: 49 Posted: 21 Mar 2008

Working Paper Series

Joseph Engelberg

University of California, San Diego (UCSD) - Rady School of Management

Downloads 1,434

24.

Sequential Learning, Predictability, and Optimal Portfolio Returns

Journal of Finance, Forthcoming, AFA 2009 San Francisco Meetings Paper

Number of pages: 58 Posted: 25 Mar 2008 Last Revised: 04 Apr 2013

Accepted Paper Series

Michael S. Johannes, Arthur G. Korteweg and Nick Polson

Columbia Business School - Finance and Economics, University of Southern California - Marshall School of Business and University of Chicago - Booth School of Business

Downloads 1,401

25.

Attracting Attention in an IPO

AFA 2009 San Francisco Meetings Paper

Number of pages: 49 Posted: 14 Mar 2006 Last Revised: 28 Nov 2016

Working Paper Series

Laura Xiaolei Liu, Ruichang Lu, Ann E. Sherman and Yong Zhang

Guanghua School of Management, Peking University, Department of Finance, Guanghua School of Management, Peking University, DePaul University and Hong Kong Polytechnic University

Downloads 1,364

26.

Dynamic Liquidity Preferences of Mutual Funds

AFA 2009 San Francisco Meetings Paper, EFA 2008 Athens Meetings Paper, Second Singapore International Conference on Finance 2008

Number of pages: 47 Posted: 19 Mar 2008 Last Revised: 05 Jun 2015

Working Paper Series

Jiekun Huang

University of Illinois at Urbana-Champaign - Department of Finance

Downloads 1,349

27.

The Performance of Emerging Hedge Fund Managers

AFA 2009 San Francisco Meetings Paper

Number of pages: 45 Posted: 09 Mar 2008 Last Revised: 21 Dec 2008

Working Paper Series

Rajesh K. Aggarwal and Philippe Jorion

Northeastern University and University of California, Irvine - Paul Merage School of Business

Downloads 1,337

28.

Governance Through Trading and Intervention: A Theory of Multiple Blockholders

Review of Financial Studies, Vol. 24, No. 7, pp. 2395-2428, July 2011, AFA 2009 San Francisco Meetings Paper, ECGI - Finance Working Paper No. 225/2008, EFA 2008 Athens Meetings Paper, U of Penn, Inst for Law & Econ Research Paper No. 08-09

Number of pages: 31 Posted: 17 Mar 2008 Last Revised: 07 Dec 2011

Accepted Paper Series

Alex Edmans and Gustavo Manso

London Business School - Institute of Finance and Accounting and University of California, Berkeley - Haas School of Business

Downloads 1,335

29.

Do the Best Hedge Funds Hedge?

AFA 2009 San Francisco Meetings Paper

Number of pages: 46 Posted: 20 Mar 2008 Last Revised: 19 Dec 2008

Working Paper Series

Sheridan Titman and Cristian Ioan Tiu

University of Texas at Austin - Department of Finance and University at Buffalo

Downloads 1,239

30.

Using Individual Stocks or Portfolios in Tests of Factor Models

AFA 2009 San Francisco Meetings Paper

Number of pages: 41 Posted: 17 Mar 2008

Working Paper Series

Andrew Ang, Jun Liu and Krista Schwarz

BlackRock, Inc, University of California, San Diego (UCSD) - Rady School of Management and University of Pennsylvania - Finance Department

Downloads 1,160

31.

Do Non-Financial Stakeholders Affect the Pricing of Risky Debt? Evidence from Unionized Workers

Review of Finance, Forthcoming

Number of pages: 47 Posted: 24 Mar 2008 Last Revised: 28 Sep 2010

Working Paper Series

Huafeng (Jason) Chen, Marcin T. Kacperczyk and Hernan Ortiz-Molina

Tsinghua University - PBC School of Finance, Imperial College London - Accounting, Finance, and Macroeconomics and University of British Columbia (UBC) - Sauder School of Business

Downloads 1,150

32.

Political Connections and Minority-Shareholder Protection: Evidence from Securities-Market Regulation in China

Journal of Financial and Quantitative Analysis (JFQA), Vol. 45, No. 6, pp.1391-1417, 2010, AFA 2009 San Francisco Meetings Paper

Number of pages: 46 Posted: 25 Mar 2008 Last Revised: 01 Mar 2011

Accepted Paper Series

Henk Berkman, Rebel A. Cole and Jiang Lawrence Fu

University of Auckland - Business School, College of Business--Florida Atlantic University and Standard Charter Bank

Downloads 1,138

33.

What's Vol Got to Do With It

AFA 2009 San Francisco Meetings Paper

Number of pages: 63 Posted: 20 Mar 2008 Last Revised: 14 Dec 2011

Working Paper Series

Itamar Drechsler and Amir Yaron

New York University (NYU) - Department of Finance and University of Pennsylvania -- Wharton School of Business

Downloads 1,133

34.

Information Content of Insider Trades Before and After the Sarbanes-Oxley Act

Accounting Review, Forthcoming

Number of pages: 49 Posted: 21 Mar 2008 Last Revised: 25 Oct 2009

Working Paper Series

Francois Brochet

Boston University - Department of Accounting

Downloads 1,129

35.

Investor Expectations, Business Conditions, and the Pricing of Beta-Instability Risk

AFA 2009 San Francisco Meetings Paper, EFA 2007 Ljubljana Meetings Paper, Yale ICF Working Paper

Number of pages: 56 Posted: 25 Mar 2008 Last Revised: 27 Jan 2013

Working Paper Series

William N. Goetzmann, Akiko Watanabe and Masahiro Watanabe

Yale School of Management - International Center for Finance, University of Alberta - School of Business and University of Alberta - School of Business

Downloads 1,110

36.

Probability Weighting and Employee Stock Options

AFA 2009 San Francisco Meetings Paper, Journal of Financial and Quantitative Analysis (JFQA), Forthcoming

Number of pages: 46 Posted: 09 Mar 2008 Last Revised: 03 Apr 2012

Accepted Paper Series

Oliver G. Spalt

Tilburg University - Department of Finance

Downloads 1,063

37.

Risk and Return Characteristics of Venture Capital-Backed Entrepreneurial Companies

Review of Financial Studies, Forthcoming, AFA 2009 San Francisco Meetings Paper

Number of pages: 58 Posted: 25 Mar 2008 Last Revised: 13 Jan 2015

Working Paper Series

Arthur G. Korteweg and Morten Sorensen

University of Southern California - Marshall School of Business and Copenhagen Business School

There are 3 versions of this paper

Downloads 1,047

38.

Lending Relationships and Loan Contract Terms

AFA 2009 San Francisco Meetings Paper, Review of Financial Studies, Forthcoming

Number of pages: 68 Posted: 25 Mar 2008 Last Revised: 29 Feb 2012

Working Paper Series

Sreedhar T. Bharath, Sandeep Dahiya, Anthony Saunders and Anand Srinivasan

Arizona State University - W.P. Carey School of Business, Georgetown University - Department of Finance, New York University - Leonard N. Stern School of Business and CAFRAL, Reserve Bank of India

Downloads 1,032

39.

Empty Voting and the Efficiency of Corporate Governance

AFA 2009 San Francisco Meetings Paper

Number of pages: 52 Posted: 25 Mar 2008 Last Revised: 27 Mar 2010

Working Paper Series

Alon Brav and Richmond D. Mathews

Duke University - Fuqua School of Business and University of Maryland - Department of Finance

Downloads 1,020

40.

Good-Specifc Habit Formation and the Cross Section of Expected Returns

EFA 2008 Athens Meetings Paper, AFA 2009 San Francisco Meetings Paper

Number of pages: 53 Posted: 22 Mar 2008 Last Revised: 15 Sep 2013

Working Paper Series

Jules H. van Binsbergen

University of Pennsylvania - The Wharton School

Downloads 1,017

41.

Investigating ICAPM with Dynamic Conditional Correlations

AFA 2009 San Francisco Meetings Paper

Number of pages: 61 Posted: 04 Feb 2008 Last Revised: 27 Feb 2012

Working Paper Series

Turan G. Bali and Robert F. Engle

Georgetown University - Robert Emmett McDonough School of Business and New York University - Leonard N. Stern School of Business - Department of Economics

There are 2 versions of this paper

Downloads 978

42.

Portfolio Choice in Retirement: Health Risk and the Demand for Annuities, Housing, and Risky Assets

Journal of Monetary Economics, Vol. 80, 2016, Boston College Center for Retirement Research Working Paper No. 2009-3, AFA 2009 San Francisco Meetings Paper

Number of pages: 40 Posted: 06 Mar 2008 Last Revised: 19 May 2016

Accepted Paper Series

Motohiro Yogo

Princeton University - Department of Economics

There are 2 versions of this paper

Downloads 945

43.

Short Selling Around Seasoned Equity Offerings

AFA 2009 San Francisco Meetings Paper

Number of pages: 61 Posted: 25 Mar 2008 Last Revised: 03 May 2017

Working Paper Series

Tyler R. Henry and Jennifer L. Koski

Miami University and University of Washington - Michael G. Foster School of Business

Downloads 900

44.

Family Control of Firms and Industries

Financial Management, Forthcoming

Number of pages: 60 Posted: 25 Mar 2008 Last Revised: 21 Dec 2011

Working Paper Series

Belen Villalonga and Raphael ('Raffi") H. Amit

New York University (NYU) - Leonard N. Stern School of Business and The Wharton School UPENN

Downloads 881

45.

Who Monitors the Monitor? The Use of Special Committees by Target Firms in Corporate Takeovers

Journal of Corporate Finance, Vol. 44, 2017, AFA 2009 San Francisco Meetings Paper

Number of pages: 56 Posted: 09 Mar 2008 Last Revised: 22 Jun 2017

Accepted Paper Series

Audra L. Boone and J. Harold Mulherin

Texas Christian University - M.J. Neeley School of Business and University of Georgia - Department of Banking and Finance

Downloads 854

46.

Intermediated Investment Management

Journal of Finance, Vol. 66, No. 3, pp. 947-980, 2011, EFA 2007 Ljubljana Meetings Paper, AFA 2009 San Francisco Meetings Paper

Number of pages: 47 Posted: 25 Mar 2008 Last Revised: 18 Mar 2012

Accepted Paper Series

Neal Stoughton, Youchang Wu and Josef Zechner

Vienna University of Economics and Business, University of Oregon - Lundquist College of Business and Vienna University of Economics and Business

Downloads 853

47.

Inflation Bets or Deflation Hedges? The Changing Risks of Nominal Bonds

AFA 2009 San Francisco Meetings Paper, Harvard Business School Finance Working Paper No. 09-088

Number of pages: 44 Posted: 20 Mar 2008 Last Revised: 15 Jan 2013

Working Paper Series

John Y. Campbell, Adi Sunderam and Luis M. Viceira

Harvard University - Department of Economics, Harvard Business School and Harvard Business School - Finance Unit

There are 2 versions of this paper

Downloads 850

48.

All the News That's Fit to Reprint: Do Investors React to Stale Information?

AFA 2009 San Francisco Meetings Paper

Number of pages: 48 Posted: 03 Oct 2007 Last Revised: 30 Aug 2011

Working Paper Series

Paul C. Tetlock

Columbia Business School - Finance and Economics

There are 2 versions of this paper

Downloads 849

49.

Estimating the Effects of Large Shareholders Using a Geographic Instrument

EFA 2008 Athens Meetings Paper, AFA 2009 San Francisco Meetings Paper, Fisher College of Business Working Paper No. 2008-03-008, Charles A. Dice Center Working Paper No. 2008-9, Robert Day School of Economics and Finance Research Paper No. 2009-13, Harvard Business School Finance Working Paper No. 1101012

Number of pages: 58 Posted: 03 Mar 2008 Last Revised: 27 Sep 2010

Working Paper Series

Bo Becker, Henrik Cronqvist and Rüdiger Fahlenbrach

Stockholm School of Economics, University of Miami - Department of Finance and Ecole Polytechnique Fédérale de Lausanne

There are 2 versions of this paper