SSRN AFA 2012 Chicago Meetings (Archive)

1.

High Frequency Trading and the New-Market Makers

Journal of Financial Markets, Vol. 16, 2013

Number of pages: 49 Posted: 10 Dec 2010 Last Revised: 31 Dec 2013

Accepted Paper Series

Albert J. Menkveld

VU University Amsterdam

Downloads 9,729

2.

The Short of It: Investor Sentiment and Anomalies

Journal of Financial Economics (JFE), Vol. 104, pp 288-302, May 2012, AFA 2012 Chicago Meetings Paper

Number of pages: 37 Posted: 15 Mar 2010 Last Revised: 11 Mar 2012

Accepted Paper Series

Robert F. Stambaugh, Jianfeng Yu and Yu Yuan

University of Pennsylvania - The Wharton School, Tsinghua University - PBC School of Finance and Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF)

There are 2 versions of this paper

Downloads 4,649

3.

Private Equity and the Resolution of Financial Distress

AFA 2012 Chicago Meetings Paper, ECGI - Finance Working Paper No. 331/2012

Number of pages: 58 Posted: 21 Mar 2011 Last Revised: 14 Mar 2014

Working Paper Series

Edith S. Hotchkiss, Per Strömberg and David C. Smith

Boston College - Carroll School of Management, Swedish House of Finance and University of Virginia - McIntire School of Commerce

Downloads 2,511

4.

Managing Risk Management

AFA 2012 Chicago Meetings Paper

Number of pages: 57 Posted: 18 Mar 2011 Last Revised: 20 Dec 2013

Working Paper Series

Gordon M. Bodnar, Erasmo Giambona, John R. Graham, Campbell R. Harvey and Richard C. Marston

Johns Hopkins University - Paul H. Nitze School of Advanced International Studies (SAIS), Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, Duke University, Duke University - Fuqua School of Business and University of Pennsylvania - Finance Department

Downloads 2,246

5.

Do Private Equity Fund Managers Earn Their Fees? Compensation, Ownership, and Cash Flow Performance

The Review of Financial Studies, Forthcoming , AFA 2012 Chicago Meetings Paper, Charles A. Dice Center Working Paper No. 2011-14, Fisher College of Business Working Paper No. 2011-03-014, UCD & CalPERS Sustainability & Finance Symposium 2013

Number of pages: 50 Posted: 22 Jul 2011 Last Revised: 22 Jul 2013

Accepted Paper Series

David T. Robinson and Berk A. Sensoy

Fuqua School of Business, Duke University and Vanderbilt University - Finance

Downloads 2,026

6.

Corporate Political Donations: Investment or Agency?

published in Business and Politics 14.1 (2012), AFA 2012 Chicago Meetings Paper, 2008 WFA Meeting Paper

Number of pages: 43 Posted: 17 Mar 2008 Last Revised: 05 Oct 2014

Accepted Paper Series

Rajesh K. Aggarwal, Felix Meschke and Tracy Yue Wang

Northeastern University, University of Kansas - Finance Area and University of Minnesota - Twin Cities - Carlson School of Management

Downloads 1,979

7.

Cross-Section of Option Returns and Idiosyncratic Stock Volatility

AFA 2012 Chicago Meetings Paper, Journal of Financial Economics (JFE), Vol. 108, No. 1, 2013, McCombs Research Paper Series No. FIN-15-09

Number of pages: 48 Posted: 17 Mar 2011 Last Revised: 27 Nov 2016

Accepted Paper Series

Jie Cao and Bing Han

Chinese University of Hong Kong - Department of Finance and University of Toronto, Rotman School of Management

Downloads 1,938

8.

CEO Compensation and Corporate Risk: Evidence from a Natural Experiment

Journal of Accounting & Economics (JAE), 2013, 56(2-3), pp. 79-101., AFA 2012 Chicago Meetings Paper

Number of pages: 57 Posted: 02 Dec 2010 Last Revised: 17 Jun 2014

Accepted Paper Series

Todd A. Gormley, David A. Matsa and Todd T. Milbourn

Washington University in St. Louis, Northwestern University - Kellogg School of Management and Washington University in Saint Louis - Olin Business School

Downloads 1,831

9.

Word Power: A New Approach for Content Analysis

Journal of Financial Economics (JFE), Forthcoming, AFA 2012 Chicago Meetings Paper

Number of pages: 50 Posted: 18 Mar 2011 Last Revised: 15 Jul 2013

Accepted Paper Series

Narasimhan Jegadeesh and Di (Andrew) Wu

Emory University - Department of Finance and University of Michigan, Stephen M. Ross School of Business

Downloads 1,816

10.

Do Anti-Takeover Provisions Spur Corporate Innovation? A Regression Discontinuity Analysis

Journal of Financial and Quantitative Analysis, Forthcoming

Number of pages: 66 Posted: 17 Mar 2010 Last Revised: 12 Feb 2017

Working Paper Series

Thomas J. Chemmanur and Xuan Tian

Boston College - Carroll School of Management and Tsinghua University - PBC School of Finance

Downloads 1,762

11.

The WACC Fallacy: The Real Effects of Using a Unique Discount Rate

Journal of Finance, Forthcoming, AFA 2012 Chicago Meetings Paper

Number of pages: 62 Posted: 21 Feb 2011 Last Revised: 18 Jul 2014

Accepted Paper Series

Philipp Krueger, Augustin Landier and David Thesmar

University of Geneva, Toulouse School of Economics and MIT Sloan

Downloads 1,715

12.

Shareholder Litigation in Mergers and Acquisitions

18 Journal of Corporate Finance 1248 (2012), AFA 2012 Chicago Meetings Paper, 6th Annual Conference on Empirical Legal Studies, Northwestern Univ Law School 2011, Georgetown Law and Economics Research Paper No. 11-23, Vanderbilt Law and Economics Research Paper No. 10-37

Number of pages: 57 Posted: 09 Dec 2010 Last Revised: 05 May 2017

Accepted Paper Series

C. N. V. Krishnan, Ronald W. Masulis, Randall S. Thomas and Robert B. Thompson

Case Western Reserve University - Department of Banking & Finance, University of New South Wales - Australian School of Business, Vanderbilt University - Law School and Georgetown University Law Center

Downloads 1,672

13.

Market Timing, Investment, and Risk Management

AFA 2012 Chicago Meetings Paper

Number of pages: 59 Posted: 16 Mar 2010 Last Revised: 29 Mar 2012

Working Paper Series

Patrick Bolton, Hui Chen and Neng Wang

Columbia Business School - Department of Economics, Massachusetts Institute of Technology and Columbia Business School - Finance and Economics

There are 2 versions of this paper

Downloads 1,666

14.

Dynamic Hedging in Incomplete Markets: A Simple Solution

AFA 2012 Chicago Meetings Paper

Number of pages: 49 Posted: 07 Nov 2008 Last Revised: 12 May 2011

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 1,656

15.

Banks’ Non-Interest Income and Systemic Risk

AFA 2012 Chicago Meetings Paper

Number of pages: 44 Posted: 23 Mar 2011 Last Revised: 03 Apr 2015

Working Paper Series

Markus K. Brunnermeier, G. Nathan Dong and Darius Palia

Princeton University - Department of Economics, Columbia University and Rutgers Business School

Downloads 1,635

16.

Shareholder Voting and Corporate Governance Around the World

Review of Financial Studies, July 13, 2015, Volume 28, Issue 8

Number of pages: 59 Posted: 04 Nov 2010 Last Revised: 18 Nov 2015

Accepted Paper Series

Peter Iliev, Karl V. Lins, Darius P. Miller and Lukas Roth

Pennsylvania State University - Department of Finance, University of Utah - Department of Finance, Southern Methodist University (SMU) - Edwin L. Cox School of Business and University of Alberta - Department of Finance and Statistical Analysis

There are 2 versions of this paper

Downloads 1,618

17.

CEO Narcissism and the Takeover Process: From Private Initiation to Deal Completion

AFA 2012 Chicago Meetings Paper

Number of pages: 42 Posted: 14 Mar 2011 Last Revised: 24 May 2012

Working Paper Series

Nihat Aktas, Eric de Bodt, Helen Bollaert and Richard Roll

WHU - Otto Beisheim School of Management, Université de Lille, SKEMA Business School and California Institute of Technology

Downloads 1,567

18.

Political Climate, Optimism, and Investment Decisions

AFA 2012 Chicago Meetings Paper

Number of pages: 40 Posted: 21 Nov 2009 Last Revised: 20 Apr 2012

Working Paper Series

Yosef Bonaparte, Alok Kumar and Jeremy K. Page

University of Colorado at Denver - Department of Finance, University of Miami - School of Business Administration and Brigham Young University

Downloads 1,548

19.

Uncovering Hedge Fund Skill from the Portfolio Holdings They Hide

Journal of Finance, Forthcoming

Number of pages: 78 Posted: 21 Mar 2011 Last Revised: 14 Nov 2013

Accepted Paper Series

Vikas Agarwal, Wei Jiang, Yuehua Tang and Baozhong Yang

Georgia State University, Columbia Business School - Finance and Economics, University of Florida - Department of Finance and Georgia State University - Robinson College of Business

Downloads 1,515

20.

Investor Learning and Mutual Fund Flows

AFA 2012 Chicago Meetings Paper

Number of pages: 38 Posted: 16 Mar 2011 Last Revised: 31 Jan 2012

Working Paper Series

Jennifer C. Huang, Kelsey D. Wei and Hong Yan

University of Texas at Austin - Department of Finance, University of Texas at Dallas and Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF)

Downloads 1,494

21.

Earnings Announcements and Systematic Risk

Journal of Finance, vol. 71, 2016, 83–138. 2016 Amundi Smith Breeden Prize, AFA 2012 Chicago Meetings Paper,

Number of pages: 83 Posted: 17 Mar 2011 Last Revised: 12 Jan 2017

Accepted Paper Series

Pavel G. Savor and Mungo Ivor Wilson

Temple University - Fox School of Business and University of Oxford - Said Business School

Downloads 1,452

22.

Innovative Efficiency and Stock Returns

Journal of Financial Economics (JFE), Vol. 107, 2013

Number of pages: 62 Posted: 04 Apr 2011 Last Revised: 07 Nov 2014

Accepted Paper Series

David A. Hirshleifer, Po-Hsuan Hsu and Dongmei Li

University of California, Irvine - Paul Merage School of Business, University of Hong Kong and University of South Carolina - Darla Moore School of Business - Department of Finance

Downloads 1,417

23.

Dark Pool Trading Strategies, Market Quality and Welfare

Journal of Financial Economics (JFE), Forthcoming, AFA 2012 Chicago Meetings Paper, Charles A. Dice Center Working Paper No. 2010-6 , Fisher College of Business Working Paper No. 2010-03-06

Number of pages: 53 Posted: 18 Mar 2010 Last Revised: 07 Jan 2016

Accepted Paper Series

Sabrina Buti, Barbara Rindi and Ingrid M. Werner

Université Paris Dauphine - Department of Finance, Bocconi University and IGIER and CAREFIN and The Ohio State University - Fisher College of Business

Downloads 1,397

24.

Risk-Taking by Banks: What Did We Know and When Did We Know It?

AFA 2012 Chicago Meetings Paper

Number of pages: 48 Posted: 03 Jun 2010 Last Revised: 18 Nov 2011

Working Paper Series

Sugato Bhattacharyya and Amiyatosh K. Purnanandam

University of Michigan, Stephen M. Ross School of Business and University of Michigan, Stephen M. Ross School of Business

Downloads 1,359

25.

Capitalizing on Capitol Hill: Informed Trading by Hedge Fund Managers

Journal of Financial Economics (2016) 121, 521-545., AFA 2012 Chicago Meetings Paper, Fifth Singapore International Conference on Finance 2011

Number of pages: 55 Posted: 13 Nov 2010 Last Revised: 24 Feb 2017

Accepted Paper Series

Meng Gao and Jiekun Huang

University of Illinois at Urbana-Champaign - Department of Finance and University of Illinois at Urbana-Champaign - Department of Finance

Downloads 1,348

26.

Price Support by Bank-Affiliated Mutual Funds

AFA 2012 Chicago Meetings Paper, Journal of Financial Economics (115), 2015

Number of pages: 76 Posted: 02 Aug 2010 Last Revised: 23 Mar 2016

Accepted Paper Series

Benjamin Golez and Jose M. Marin

University of Notre Dame and Universidad Carlos III de Madrid

Downloads 1,334

27.

Term Structure of Credit Default Swap Spreads and Cross-Section of Stock Returns

McCombs Research Paper Series No. FIN-01-11, AFA 2012 Chicago Meetings Paper

Number of pages: 43 Posted: 07 Jan 2011 Last Revised: 18 Jun 2011

Working Paper Series

Bing Han and Yi Zhou

University of Toronto, Rotman School of Management and San Francisco State University

Downloads 1,206

28.

Acquiring Innovation

AFA 2012 Chicago Meetings Paper

Number of pages: 45 Posted: 28 Dec 2010 Last Revised: 26 Oct 2014

Working Paper Series

Merih Sevilir and Xuan Tian

Indiana University - Kelley School of Business - Department of Finance and Tsinghua University - PBC School of Finance

Downloads 1,198

29.

The Price of Commodity Risk in Stock and Futures Markets

AFA 2012 Chicago Meetings Paper

Number of pages: 54 Posted: 18 Mar 2011 Last Revised: 11 May 2014

Working Paper Series

Martijn Boons, Frans de Roon and Marta Szymanowska

New University of Lisbon - Nova School of Business and Economics, Tilburg University - Department of Finance and Erasmus University Rotterdam (EUR) - Department of Finance

Downloads 1,153

30.

This Time Is the Same: Using Bank Performance in 1998 to Explain Bank Performance During the Recent Financial Crisis

Charles A. Dice Center Working Paper No. 2011-10 , Fisher College of Business Working Paper No. 2011-03-010, AFA 2012 Chicago Meetings Paper, Swiss Finance Institute Research Paper No. 11-19

Number of pages: 55 Posted: 07 Mar 2011 Last Revised: 12 Oct 2011

Working Paper Series

Rüdiger Fahlenbrach, Robert Prilmeier and René M. Stulz

Ecole Polytechnique Fédérale de Lausanne, Tulane University - A.B. Freeman School of Business and Ohio State University (OSU) - Department of Finance

There are 2 versions of this paper

Downloads 1,153

31.

Innovation, Growth, and Asset Prices

AFA 2012 Chicago Meetings Paper

Number of pages: 50 Posted: 21 Mar 2011 Last Revised: 12 Jun 2014

Working Paper Series

Howard Kung and Lukas Schmid

London Business School and Duke University - The Fuqua School of Business

Downloads 1,150

32.

How Safe are Money Market Funds?

Quarterly Journal of Economics, Forthcoming, AFA 2012 Chicago Meetings Paper

Number of pages: 50 Posted: 25 Feb 2011 Last Revised: 13 Mar 2013

Accepted Paper Series

Marcin T. Kacperczyk and Philipp Schnabl

Imperial College London - Accounting, Finance, and Macroeconomics and New York University (NYU) - Department of Finance

Downloads 1,127

33.

Operating Leverage and Corporate Financial Policies

AFA 2012 Chicago Meetings Paper

Number of pages: 52 Posted: 22 Mar 2011 Last Revised: 21 Nov 2014

Working Paper Series

Matthias Kahl, Jason Lunn and Mattias Nilsson

University of Colorado at Boulder - Leeds School of Business, Smeal College of Business - Pennsylvania State University and U.S. Securities and Exchange Commission

Downloads 1,118

34.

The Dark Side of Trading

Emory Law and Economics Research Paper No. 11-95, Emory Public Law Research Paper No. 11-143, AFA 2012 Chicago Meetings Paper

Number of pages: 54 Posted: 04 Feb 2011

Working Paper Series

Ilia D. Dichev, Kelly Huang and Dexin Zhou

Emory University - Department of Accounting, Florida International University and City University of New York, CUNY Baruch College - Zicklin School of Business - Department of Economics and Finance

There are 2 versions of this paper

Downloads 1,091

35.

Blockholders on Boards and CEO Compensation, Turnover and Firm Valuation

CELS 2009 4th Annual Conference on Empirical Legal Studies Paper, AFA 2012 Chicago Meetings Paper

Number of pages: 59 Posted: 07 Aug 2009 Last Revised: 01 Sep 2012

Working Paper Series

Anup Agrawal and Tareque Nasser

University of Alabama - Culverhouse College of Commerce & Business Administration and Kansas State University

Downloads 977

36.

The European Union, the Euro, and Equity Market Integration

AFA 2012 Chicago Meetings Paper

Number of pages: 48 Posted: 21 Mar 2010 Last Revised: 13 Oct 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 2 versions of this paper

Downloads 972

37.

Leverage Dynamics over the Business Cycle

AFA 2012 Chicago Meetings Paper

Number of pages: 61 Posted: 15 Feb 2011 Last Revised: 24 Nov 2015

Working Paper Series

Michael Halling, Jin Yu and Josef Zechner

Stockholm School of Economics & Swedish House of Finance, Monash University -Department of Banking and Finance and Vienna University of Economics and Business

Downloads 950

38.

Ambiguity Shifts and the 2007-2008 Financial Crisis

AFA 2012 Chicago Meetings Paper

Number of pages: 92 Posted: 17 Feb 2009 Last Revised: 13 Sep 2011

Working Paper Series

Nina Boyarchenko

Federal Reserve Bank of New York

Downloads 909

39.

The Good, The Bad, and The Lucky: Projected Earnings Accuracy and Profitability of Stock Recommendations

AFA 2012 Chicago Meetings Paper

Number of pages: 51 Posted: 18 Mar 2011 Last Revised: 13 Aug 2012

Working Paper Series

Dieter Hess, Daniel Kreutzmann and Oliver Pucker

University of Cologne - Department of Corporate Finance, University of Cologne and University of Cologne

Downloads 900

40.

Liquidity Risk of Corporate Bond Returns: A Conditional Approach

Journal of Financial Economics (JFE), Forthcoming, AFA 2012 Chicago Meetings Paper

Number of pages: 73 Posted: 20 May 2010 Last Revised: 26 Oct 2012

Accepted Paper Series

Viral V. Acharya, Yakov Amihud and Sreedhar T. Bharath

New York University - Leonard N. Stern School of Business, New York University - Stern School of Business and Arizona State University - W.P. Carey School of Business

There are 2 versions of this paper

Downloads 893

41.

The Baltic Dry Index as a Predictor of Global Stock Returns, Commodity Returns, and Global Economic Activity

AFA 2012 Chicago Meetings Paper

Number of pages: 52 Posted: 22 Mar 2011

Working Paper Series

Gurdip Bakshi, George Panayotov and Georgios Skoulakis

University of Maryland - Robert H. Smith School of Business, Hong Kong University of Science & Technology (HKUST) and University of British Columbia (UBC) - Division of Finance

There are 2 versions of this paper

Downloads 878

42.

Corporate Innovations and Mergers and Acquisitions

AFA 2012 Chicago Meetings Paper

Number of pages: 66 Posted: 18 Dec 2010 Last Revised: 29 Jul 2014

Working Paper Series

Jan Bena and Kai Li

University of British Columbia - Sauder School of Business and University of British Columbia (UBC) - Sauder School of Business

There are 2 versions of this paper

Downloads 820

43.

Social Networks, Information Acquisition, and Asset Prices

Management Science, 2013, 59(6), 1444-1457

Number of pages: 43 Posted: 18 Mar 2011 Last Revised: 21 Jun 2016

Accepted Paper Series

Bing Han and Liyan Yang

University of Toronto, Rotman School of Management and University of Toronto - Rotman School of Management

Downloads 750

44.

Waves of International Mergers and Acquisitions

AFA 2012 Chicago Meetings Paper

Number of pages: 57 Posted: 18 Mar 2011 Last Revised: 17 Feb 2013

Working Paper Series

Tanakorn Makaew

Securities and Exchange Commission (SEC)

Downloads 741

45.

Information Content When Mutual Funds Deviate from Benchmarks

AFA 2012 Chicago Meetings Paper

Number of pages: 33 Posted: 12 Mar 2011 Last Revised: 16 Sep 2013

Accepted Paper Series

Hao Jiang, Marno Verbeek and Yu Wang

Michigan State University, Erasmus University - Rotterdam School of Management and IMC Financial Markets & Asset Management

Downloads 733

46.

An Epidemiological Approach to Opinion and Price-Volume Dynamics

AFA 2012 Chicago Meetings Paper

Number of pages: 50 Posted: 13 Mar 2010 Last Revised: 13 Nov 2013

Working Paper Series

Dong Hong, Harrison G. Hong and Andrei Ungureanu

Singapore Management University - Lee Kong Chian School of Business, Columbia University, Graduate School of Arts and Sciences, Department of Economics and Princeton University

Downloads 715

47.

Asymmetric Attention and Stock Returns

Number of pages: 40 Posted: 01 Mar 2011 Last Revised: 02 Apr 2017

Working Paper Series

Peter Cziraki, Jordi Mondria and Thomas Wu

University of Toronto - Department of Economics, University of Toronto - Department of Economics and University of California, Santa Cruz - Department of Economics

Downloads 713

48.

An Empirical Target Zone Model of Dynamic Capital Structure

AFA 2012 Chicago Meetings Paper

Number of pages: 53 Posted: 19 Mar 2011 Last Revised: 19 Nov 2015

Working Paper Series

Arthur G. Korteweg and Ilya A. Strebulaev

University of Southern California - Marshall School of Business and Stanford University - Graduate School of Business

Downloads 709

49.

Financial Intermediaries and the Cross-Section of Asset Returns

Journal of Finance, December 2014, AFA 2012 Chicago Meetings Paper

Number of pages: 58 Posted: 23 Mar 2011 Last Revised: 20 Nov 2014

Accepted Paper Series

Tobias Adrian, Erkko Etula and Tyler Muir

International Monetary Fund, Independent and University of California, Los Angeles (UCLA) - Anderson School of Management

Downloads 709

50.

The Optimal Duration of Executive Compensation: Theory and Evidence

AFA 2012 Chicago Meetings Paper

Number of pages: 43 Posted: 10 Aug 2010 Last Revised: 09 Jan 2013

Working Paper Series

Radhakrishnan Gopalan, Todd T. Milbourn, Fenghua Song and Anjan V. Thakor

Washington University in St. Louis - John M. Olin Business School, Washington University in Saint Louis - Olin Business School, Pennsylvania State University - Smeal College of Business and Washington University, Saint Louis - John M. Olin School of Business

Downloads 709

Quick Links

Rankings

About