SSRN AFA 2005 Philadelphia Meetings (Archive)

1.

Stock Returns, Aggregate Earnings Surprises, and Behavioral Finance

MIT Sloan Working Paper No. 4284-03

Number of pages: 42 Posted: 10 Jan 2005 Last Revised: 24 Feb 2009

Working Paper Series

Jonathan Lewellen, S.P. Kothari and Jerold B. Warner

Dartmouth College - Tuck School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Rochester – Simon Business School

Downloads 6,209

2.

An International Comparison of Capital Structure and Debt Maturity Choices

AFA 2005 Philadelphia Meetings

Number of pages: 55 Posted: 27 Dec 2004 Last Revised: 04 Oct 2011

Working Paper Series

Joseph P. H. Fan, Garry J. Twite and Sheridan Titman

The Chinese University of Hong Kong (CUHK) - School of Accountancy, University of Melbourne - Department of Finance and University of Texas at Austin - Department of Finance

There are 2 versions of this paper

Downloads 6,040

3.

Stock Price Clustering on Option Expiration Dates

AFA 2005 Philadelphia Meetings

Number of pages: 53 Posted: 22 Mar 2004

Working Paper Series

Sophie X. Ni, Neil D. Pearson and Allen M. Poteshman

Hong Kong University of Science and Technology, University of Illinois at Urbana-Champaign - Department of Finance and University of Illinois at Urbana-Champaign - Department of Finance

Downloads 4,384

4.

International Differences in the Cost of Equity Capital: Do Legal Institutions and Securities Regulation Matter?

ECGI - Law Working Paper No. 15/2003, Rodney L. White Center for Financial Research Working Paper No. 17-04, AFA 2005 Philadelphia Meetings

Number of pages: 65 Posted: 21 Dec 2004

Working Paper Series

Luzi Hail and Christian Leuz

University of Pennsylvania - The Wharton School and University of Chicago - Booth School of Business

There are 2 versions of this paper

Downloads 4,357

5.

Variance Risk Premia

AFA 2005 Philadelphia Meetings

Number of pages: 44 Posted: 17 Aug 2004 Last Revised: 25 Oct 2007

Working Paper Series

Liuren Wu and Peter Carr

City University of New York, CUNY Baruch College - Zicklin School of Business and New York University (NYU) - Courant Institute of Mathematical Sciences

Downloads 4,165

6.

The Determinants of Corporate Board Size and Composition: An Empirical Analysis

Journal of Financial Economics (JFE), Vol. 85, No. 1, 2007, AFA 2005 Philadelphia Meetings

Number of pages: 36 Posted: 18 Oct 2004 Last Revised: 21 Jun 2017

Accepted Paper Series

Audra L. Boone, Laura Casares Field, Jonathan M. Karpoff and Charu G. Raheja

Texas Christian University - M.J. Neeley School of Business, University of Delaware - Alfred Lerner College of Business and Economics, University of Washington - Michael G. Foster School of Business and Wake Forest University

Downloads 3,858

7.

What Works in Securities Laws?

Tuck School of Business Working Paper No. 03-22; AFA 2005 Philadelphia Meetings

Number of pages: 40 Posted: 29 Dec 2004

Working Paper Series

Rafael La Porta, Florencio Lopez de Silanes and Andrei Shleifer

Dartmouth College - Tuck School of Business, SKEMA Business School and Harvard University - Department of Economics

There are 2 versions of this paper

Downloads 3,443

8.

Extreme Governance: An Analysis of Dual-Class Companies in the United States

AFA 2005 Philadelphia Meetings, Rodney L. White Center for Financial Research Working Paper No. 12-04, Rock Center for Corporate Governance Working Paper No. 39

Number of pages: 61 Posted: 08 Jul 2004 Last Revised: 29 Sep 2009

Working Paper Series

Paul A. Gompers, Joy L. Ishii and Andrew Metrick

Harvard Business School - Finance Unit, Stanford Graduate School of Business and Yale School of Management

Downloads 3,389

9.

On the Relation Between the Market-to-Book Ratio, Growth Opportunity, and Leverage Ratio

AFA 2005 Philadelphia Meetings

Number of pages: 19 Posted: 05 Mar 2004

Working Paper Series

Long Chen and Xinlei Shelly Zhao

Cheung Kong Graduate School of Business and Government of the United States of America - Office of the Currency Comptroller - Risk Analysis Division

Downloads 3,051

10.

Flights of Fancy: Corporate Jets, CEO Perquisites, and Inferior Shareholder Returns

AFA 2005 Philadelphia Meetings

Number of pages: 56 Posted: 14 Apr 2004

Working Paper Series

David Yermack

New York University (NYU) - Stern School of Business

There are 2 versions of this paper

Downloads 2,994

11.

A Comprehensive Look at the Empirical Performance of Equity Premium Prediction

Yale ICF Working Paper No. 04-11

Number of pages: 59 Posted: 30 Apr 2004

Working Paper Series

Amit Goyal and Ivo Welch

University of Lausanne and University of California, Los Angeles (UCLA)

There are 3 versions of this paper

Downloads 2,984

12.

On the Industry Concentration of Actively Managed Equity Mutual Funds

AFA 2005 Philadelphia Meetings, Journal of Finance, Forthcoming, Sauder School of Business Working Paper

Number of pages: 50 Posted: 10 Feb 2003

Accepted Paper Series

Marcin T. Kacperczyk, Clemens Sialm and Lu Zheng

Imperial College London - Accounting, Finance, and Macroeconomics, University of Texas at Austin - McCombs School of Business and University of California, Irvine - Paul Merage School of Business

There are 2 versions of this paper

Downloads 2,539

13.

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

EFA 2005 Moscow Meetings Paper, ECGI - Finance Working Paper No. 89/2005, WFA 2005 Portland Meetings Paper, AFA 2005 Philadelphia Meetings Paper

Number of pages: 45 Posted: 05 Jan 2005

Working Paper Series

Sergei A. Davydenko and Julian R. Franks

University of Toronto - Finance Area and London Business School

Downloads 2,407

14.

Offsetting the Incentives: Risk Shifting and Benefits of Benchmarking in Money Management

MIT Sloan Working Paper No. 4303-03; NYU Finance Working Paper; EFA 2003 Annual Conference Paper No. 269; AFA 2005 Philadelphia Meetings

Number of pages: 42 Posted: 05 May 2003

Working Paper Series

Suleyman Basak, Anna Pavlova and Alex Shapiro

London Business School, London Business School and New York University (NYU) - Department of Finance

There are 6 versions of this paper

Downloads 2,250

15.

The Impact of Clientele Changes: Evidence from Stock Splits

Yale ICF Working Paper No. 03-14, EFA 2005 Moscow Meetings Paper, AFA 2005 Philadelphia Meetings

Number of pages: 60 Posted: 28 Dec 2004

Accepted Paper Series

Ravi Dhar, William N. Goetzmann and Ning Zhu

Yale School of Management - International Center for Finance, Yale School of Management - International Center for Finance and China Academy of Financial Research (CAFR)

Downloads 2,146

16.

How Do Family Ownership, Control, and Management Affect Firm Value?

AFA 2005 Philadelphia Meetings, EFA 2004 Maastricht Meetings Paper No. 3620, Fifteenth Annual Utah Winter Finance Conference

Number of pages: 47 Posted: 13 Jun 2004

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

There are 2 versions of this paper

Downloads 2,143

17.

Cross-Industry Momentum

AFA 2005 Philadelphia Meetings

Number of pages: 37 Posted: 18 Mar 2004

Working Paper Series

Lior Menzly and Oguzhan Ozbas

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

Downloads 2,036

18.

Individual Investor Trading and Stock Returns

AFA 2005 Philadelphia Meetings, Johnson School Research Paper Series No. 13-06

Number of pages: 55 Posted: 06 Oct 2004

Working Paper Series

Ron Kaniel, Gideon Saar and Sheridan Titman

University of Rochester - Simon Business School, Cornell University - Samuel Curtis Johnson Graduate School of Management and University of Texas at Austin - Department of Finance

Downloads 2,002

19.

Are Busy Boards Effective Monitors?

ECGI - Finance Working Paper No. 55/2004; AFA 2005 Philadelphia Meetings

Number of pages: 50 Posted: 22 Oct 2004

Working Paper Series

Eliezer M. Fich and Anil Shivdasani

Drexel University - Department of Finance and University of North Carolina Kenan-Flagler Business School

There are 2 versions of this paper

Downloads 1,983

20.

SEC Regulation Fair Disclosure, Information, and the Cost of Capital

Journal of Corporate Finance, Vol. 13, Nos. 2-3, pp. 300-334, 2007, AFA 2005 Philadelphia Meetings

Number of pages: 43 Posted: 15 Apr 2004

Accepted Paper Series

Armando R. Gomes, Gary B. Gorton and Leonardo Madureira

Washington University in Saint Louis - John M. Olin Business School, Yale School of Management and Case Western Reserve University - Weatherhead School of Management

There are 2 versions of this paper

Downloads 1,801

21.

Partial Adjustment Toward Target Capital Structures

AFA 2005 Philadelphia Meetings

Number of pages: 50 Posted: 10 Jan 2005

Working Paper Series

Mark J. Flannery and Kasturi P. Rangan

University of Florida - Department of Finance, Insurance and Real Estate and Case Western Reserve University - Department of Banking & Finance

Downloads 1,789

22.

Does Motivation Matter When Assessing Trade Performance? An Analysis of Mutual Funds

AFA 2005 Philadelphia Meetings Paper

Number of pages: 45 Posted: 30 Dec 2004

Working Paper Series

Gordon J. Alexander, Gjergji Cici and Scott Gibson

University of Minnesota - Twin Cities - Carlson School of Management, College of William and Mary - Mason School of Business and College of William and Mary - Mason School of Business

There are 2 versions of this paper

Downloads 1,761

23.

R-Squared Around the World: New Theory and New Tests

AFA 2005 Philadelphia Meetings

Number of pages: 48 Posted: 16 Apr 2004

Working Paper Series

Stewart C. Myers and Li Jin

Massachusetts Institute of Technology (MIT) and Harvard Business School - Finance Unit

There are 3 versions of this paper

Downloads 1,755

24.

The Informational Content of an Open Limit Order Book

AFA 2005 Philadelphia Meetings; EFA 2004 Maastricht Meetings Paper No. 4311

Number of pages: 38 Posted: 19 Jul 2004

Working Paper Series

Charles Cao, Oliver Hansch and Xiaoxin Wang Beardsley

Pennsylvania State University, Pennsylvania State University and Southern Illinois University

Downloads 1,696

25.

Corporate Credit Risk Changes: Common Factors and Firm-Level Fundamentals

AFA 2005 Philadelphia Meetings

Number of pages: 27 Posted: 17 Mar 2004

Working Paper Series

Doron Avramov, Gergana Jostova and Alexander Philipov

Hebrew University of Jerusalem - Jerusalem School of Business Administration, George Washington University - Department of Finance and George Mason University - Finance Area

Downloads 1,638

26.

A New Test of Capital Structure

AFA 2005 Philadelphia Meetings

Number of pages: 47 Posted: 05 Jan 2005

Working Paper Series

Colin Mayer and Oren Sussman

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

There are 2 versions of this paper

Downloads 1,590

27.

Executive Pay, Earnings Manipulation and Shareholder Litigation

AFA 2005 Philadelphia Meetings

Number of pages: 48 Posted: 20 Jan 2004

Working Paper Series

Ailsa Röell and Lin Peng

Columbia University, School of International and Public Affairs and Baruch College/CUNY - Zicklin School of Business

Downloads 1,510

28.

Structural Models of Credit Risk are Useful: Evidence from Hedge Ratios on Corporate Bonds

AFA 2005 Philadelphia Meetings, EFA 2004 Maastrict Meetings Paper No. 4764

Number of pages: 50 Posted: 18 Jun 2004 Last Revised: 23 Dec 2007

Working Paper Series

Ilya A. Strebulaev and Stephen M. Schaefer

Stanford University - Graduate School of Business and London Business School - Institute of Finance and Accounting

Downloads 1,494

29.

Asset Prices and Exchange Rates

MIT Sloan Working Paper No. 4322-03, AFA 2005 Philadelphia Meetings

Number of pages: 45 Posted: 27 Dec 2004

Working Paper Series

Anna Pavlova and Roberto Rigobon

London Business School and Massachusetts Institute of Technology (MIT) - Sloan School of Management

There are 4 versions of this paper

Downloads 1,454

30.

What Does the Yield Curve Tell Us about GDP Growth?

AFA 2005 Philadelphia Meetings; Columbia Business School Working Paper

Number of pages: 40 Posted: 23 Jan 2005

Working Paper Series

Andrew Ang, Monika Piazzesi and Min Wei

BlackRock, Inc, University of Chicago - Booth School of Business and Board of Governors of the Federal Reserve - Division of Monetary Affairs

There are 2 versions of this paper

Downloads 1,418

31.

Financial Constraints, Asset Tangibility, and Corporate Investment

AFA 2005 Philadelphia Meetings, Forthcoming

Number of pages: 45 Posted: 31 Aug 2004

Working Paper Series

Heitor Almeida and Murillo Campello

University of Illinois at Urbana-Champaign and Cornell University

There are 3 versions of this paper

Downloads 1,409

32.

Municipal Bond Liquidity

AFA 2005 Philadelphia Meetings

Number of pages: 59 Posted: 17 Feb 2004

Working Paper Series

Lawrence Harris and Michael S. Piwowar

University of Southern California - Marshall School of Business - Finance and Business Economics Department and Government of the United States of America - Banking Committee

Downloads 1,326

33.

Downside Risk

AFA 2005 Philadelphia Meetings

Number of pages: 38 Posted: 30 Dec 2004

Working Paper Series

Andrew Ang, Joseph Chen and Yuhang Xing

BlackRock, Inc, University of California, Davis - Graduate School of Management and Rice University

There are 3 versions of this paper

Downloads 1,283

34.

Was There a Nasdaq Bubble in the Late 1990s?

CRSP Working Paper No. 557; AFA 2005 Philadelphia Meetings Paper

Number of pages: 60 Posted: 20 Aug 2004

Working Paper Series

Lubos Pastor and Pietro Veronesi

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

There are 3 versions of this paper

Downloads 1,271

35.

Why are Stock Buyback Announcements Good News?

AFA 2005 Philadelphia Meetings Paper

Number of pages: 48 Posted: 13 Jan 2005

Working Paper Series

Allan Eberhart and Akhtar R. Siddique

Georgetown University and Government of the United States of America - Risk Analysis Division

Downloads 1,239

36.

The Strategic Motives for Corporate Risk Management

AFA 2005 Philadelphia Meetings; EFA 2004 Maastricht Meetings Paper No. 5060

Number of pages: 47 Posted: 03 Aug 2004

Working Paper Series

Amrita Nain

University of Iowa - Henry B. Tippie College of Business

Downloads 1,208

37.

Do Mutual Funds Time the Market? Evidence from Portfolio Holdings

AFA 2005 Philadelphia Meetings Paper, Journal of Financial Economics (JFE), Vol. 86, 2007

Number of pages: 36 Posted: 16 Jan 2005 Last Revised: 20 Feb 2013

Accepted Paper Series

George J. Jiang, Tong Yao and Tong Yu

Washington State University, University of Iowa - Henry B. Tippie College of Business and University of Cincinnati

Downloads 1,201

38.

Investor Sentiment and Pre-IPO Markets

AFA 2005 Philadelphia Meetings, EFA 2005 Moscow Meetings Paper

Number of pages: 36 Posted: 03 Aug 2005

Working Paper Series

Alexander Ljungqvist, Francesca Cornelli and David Goldreich

New York University (NYU) - Department of Finance, London Business School and University of Toronto - Rotman School of Management

Downloads 1,180

39.

Politically-Connected CEOs, Corporate Governance and Post-IPO Performance of China's Partially Privatized Firms

AFA 2005 Philadelphia Meetings

Number of pages: 44 Posted: 03 Jan 2005

Working Paper Series

Joseph P. H. Fan and T.J. Wong

The Chinese University of Hong Kong (CUHK) - School of Accountancy and The Chinese University of Hong Kong (CUHK) - School of Accountancy

There are 2 versions of this paper

Downloads 1,172

40.

Can the Tradeoff Theory Explain Debt Structure?

AFA 2005 Philadelphia Meetings Paper

Number of pages: 52 Posted: 05 Jan 2005

Working Paper Series

Dirk Hackbarth, Chris Hennessy and Hayne E. Leland

Boston University Questrom School of Business, London Business School and University of California, Berkeley - Walter A. Haas School of Business

Downloads 1,165

41.

A Theory of IPO Underpricing, Issue Activity, and Long-Run Underperformance

AFA 2005 Philadelphia Meetings

Number of pages: 40 Posted: 02 Jan 2005

Working Paper Series

Ralph Bachmann

Nanyang Technological University (NTU) - Division of Banking & Finance

Downloads 1,138

42.

Expected Returns, Yield Spreads, and Asset Pricing Tests

Simon School Working Paper No. FR 04-04, AFA 2005 Philadelphia Meetings

Number of pages: 48 Posted: 12 Dec 2004

Working Paper Series

Murillo Campello, Long Chen and Lu Zhang

Cornell University, Cheung Kong Graduate School of Business and Ohio State University - Fisher College of Business

There are 4 versions of this paper

Downloads 1,121

43.

How Persistent is the Impact of Market Timing on Capital Structure?

AFA 2005 Philadelphia Meetings; University of Texas at Austin Working Paper; 6th Annual Texas Finance Festival

Number of pages: 35 Posted: 12 Dec 2004

Working Paper Series

Aydogan Alti

University of Texas at Austin - Department of Finance

Downloads 1,033

44.

Are Observed Capital Structures Determined by Equity Market Timing?

AFA 2005 Philadelphia Meetings

Number of pages: 45 Posted: 15 Jul 2003

Working Paper Series

Armen Hovakimian

Baruch College - Zicklin School of Business

Downloads 1,028

45.

Corporate Survival and Managerial Experiences During the Great Depression

AFA 2005 Philadelphia Meetings

Number of pages: 55 Posted: 26 Jan 2004

Working Paper Series

John R. Graham and Krishnamoorthy Narasimhan

Duke University and PIMCO

Downloads 984

46.

Unbundling Institutions

MIT Department of Economics Working Paper No. 03-29; AFA 2005 Philadelphia Meetings

Number of pages: 66 Posted: 28 Dec 2004

Working Paper Series

Daron Acemoglu and Simon Johnson

Massachusetts Institute of Technology (MIT) - Department of Economics and Massachusetts Institute of Technology (MIT) - Entrepreneurship Center

There are 3 versions of this paper

Downloads 950

47.

Capital Gain Tax Overhang and Price Pressure

AFA 2005 Philadelphia Meetings

Number of pages: 54 Posted: 16 Apr 2004

Working Paper Series

Li Jin

Harvard Business School - Finance Unit

There are 2 versions of this paper

Downloads 934

48.

How Are Firms Sold?

AFA 2005 Philadelphia Meetings

Number of pages: 51 Posted: 02 Jan 2005

Working 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 927

49.

Bayesian Analysis of Stochastic Betas

AFA 2005 Philadelphia Meetings, Forthcoming

Number of pages: 49 Posted: 26 Apr 2004

Working Paper Series

Gergana Jostova and Alexander Philipov

George Washington University - Department of Finance and George Mason University - Finance Area

There are 2 versions of this paper

Downloads 898

50.

Cross-Country Variations in Capital Structures the Role of Bankruptcy Codes

AFA 2005 Philadelphia Meetings, Tuck Contemporary Corporate Finance Issues III Conference Paper

Number of pages: 46 Posted: 21 May 2004 Last Revised: 08 Jan 2009

Working Paper Series

Viral V. Acharya, Rangarajan K. Sundaram and Kose John

New York University - Leonard N. Stern School of Business, New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance

There are 3 versions of this paper

Downloads 887

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