SSRN AFA 2005 Philadelphia Meetings (Archive)

1.

Financial Speculators' Underperformance: Learning, Self-Selection, and Provision of Liquidity

Number of pages: 42 Posted: 16 Sep 2005

Working Paper Series

Reza S. Mahani and Dan Bernhardt

Georgia Tech Finance/Scheller and University of Illinois at Urbana-Champaign - Department of Economics

Downloads 455

2.

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

Stockholm School of Economics, London Business School and University of Toronto - Rotman School of Management

Downloads 1,256

3.

Speculative Trading and Stock Prices: Evidence from Chinese A-B Share Premia

AFA 2005 Philadelphia Meetings

Number of pages: 40 Posted: 26 Mar 2005

Working Paper Series

Jianping Mei, Wei Xiong and José Scheinkman

New York University (NYU) - Department of Finance, Princeton University - Department of Economics and Columbia University

There are 2 versions of this paper

Downloads 578

4.

Large Corporate Sector Stability and Economic Growth: Is What's Good for General Motors Good for America?

AFA 2005 Philadelphia Meetings, EFA 2005 Moscow Meetings Paper

Number of pages: 65 Posted: 05 Mar 2005

Working Paper Series

Kathy Fogel, Randall Morck and Bernard Yin Yeung

Suffolk University - Department of Finance, University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School

Downloads 187

5.

Simple Forecasts and Paradigm Shifts

Harvard Institute of Economic Research Discussion Paper No. 2007; AFA 2005 Philadelphia Meetings

Number of pages: 49 Posted: 13 Feb 2005

Working Paper Series

Harrison G. Hong and Jeremy C. Stein

Columbia University, Graduate School of Arts and Sciences, Department of Economics and Harvard University - Department of Economics

There are 2 versions of this paper

Downloads 504

6.

Differences of Opinion of Public Information and Speculative Trading in Stocks and Options

Number of pages: 46 Posted: 03 Feb 2005

Working Paper Series

H. Henry Cao and Hui Ou-Yang

University of North Carolina (UNC) at Chapel Hill - Finance Area and Cheung Kong Graduate School of Business

Downloads 371

7.

What Does the Yield Curve Tell Us About GDP Growth?

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 System

There are 2 versions of this paper

Downloads 1,460

8.

Does it Pay to Be Loyal? An Empirical Analysis of Underwriting Relationships and Fees

Number of pages: 37 Posted: 18 Jan 2005

Working Paper Series

Timothy R. Burch, Vikram K. Nanda and Vincent A. Warther

University of Miami - Department of Finance, University of Texas at Dallas - School of Management - Department of Finance & Managerial Economics and Compass Lexecon

There are 2 versions of this paper

Downloads 328

9.

Management Quality, Financial and Investment Policies, and Asymmetric Information

AFA 2005 Philadelphia Meetings Paper, Journal of Financial and Quantitative Analysis (JFQA), Vol. 44, No. 5, 2009

Number of pages: 54 Posted: 16 Jan 2005 Last Revised: 12 Jan 2016

Accepted Paper Series

Thomas J. Chemmanur, Imants Paeglis and Karen Simonyan

Boston College - Carroll School of Management, Concordia University - John Molson School of Business and Suffolk University - Department of Finance

Downloads 384

10.

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: 49 Posted: 16 Jan 2005 Last Revised: 23 Jun 2020

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 - Department of Finance - Real Estate

Downloads 1,342

11.

Stocks as Lotteries: the Implications of Probability Weighting for Security Prices

AFA 2005 Philadelphia Meetings Paper

Number of pages: 49 Posted: 16 Jan 2005

Working Paper Series

Nicholas Barberis and Ming Huang

Yale School of Management and Cornell University - Samuel Curtis Johnson Graduate School of Management

There are 2 versions of this paper

Downloads 866

12.

The Industry Life Cycle and Acquisitions and Investment: Does Firm Organization Matter?

AFA 2005 Philadelphia Meetings

Number of pages: 44 Posted: 16 Jan 2005

Working Paper Series

Vojislav Maksimovic and Gordon M. Phillips

University of Maryland - Robert H. Smith School of Business and Dartmouth College - Tuck School of Business

There are 2 versions of this paper

Downloads 627

13.

Can Buybacks Be a Product of Shorter Shareholder Horizons?

AFA 2005 Philadelphia Meetings Paper, EFA 2005 Moscow Meetings Paper

Number of pages: 35 Posted: 16 Jan 2005

Working Paper Series

Rajdeep Patgiri, Massimo Massa, Jose-Miguel Gaspar, Pedro Matos and Zahid Rehman

BlackRock, Inc, INSEAD - Finance, ESSEC Business School, University of Virginia - Darden School of Business and BlackRock

There are 2 versions of this paper

Downloads 498

14.

Harming Depositors and Helping Borrowers: The Disparate Impact of Bank Consolidation

AFA 2005 Philadelphia Meetings Paper, Review of Financial Studies, Forthcoming, KAIST Business School Working Paper Series No. 2005-004, FRB of Cleveland Working Paper No. 07-04

Number of pages: 48 Posted: 16 Jan 2005 Last Revised: 29 Aug 2008

Working Paper Series

Kwangwoo Park and George Pennacchi

KAIST (Korea Advanced Institute of Science and Technology) - College of Business and University of Illinois

There are 2 versions of this paper

Downloads 296

15.

Conditional Betas

Number of pages: 54 Posted: 16 Jan 2005

Working Paper Series

Tano Santos and Pietro Veronesi

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

There are 2 versions of this paper

Downloads 273

16.

Generalized Method of Moments for Samples of Unequal Length

AFA 2005 Philadelphia Meetings Paper

Number of pages: 51 Posted: 16 Jan 2005

Working Paper Series

Anthony W. Lynch and Jessica A. Wachter

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

Downloads 169

17.

Earnings Announcements, Order Flow, and Returns

Number of pages: 46 Posted: 13 Jan 2005

Working Paper Series

Laura Frieder

Purdue University - Krannert School of Management

Downloads 214

18.

More Banks, Less Crime? The Real and Social Effects of Bank Competition

Number of pages: 42 Posted: 13 Jan 2005

Working Paper Series

Mark J. Garmaise and Tobias J. Moskowitz

University of California, Los Angeles (UCLA) - Anderson School of Management and Yale University, Yale SOM

Downloads 279

19.

Why are Stock Buyback Announcements Good News?

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 1,526

20.

Lifetime Consumption and Investment: Retirement and Constrained Borrowing

Journal of Economic Theory, Forthcoming, AFA 2005 Philadelphia Meetings Paper

Number of pages: 33 Posted: 13 Jan 2005 Last Revised: 10 Apr 2010

Accepted Paper Series

Hong Liu and Philip H. Dybvig

Washington University in St. Louis - Olin Business School and Washington University in St. Louis - John M. Olin Business School

Downloads 469

21.

Taxes and Financing Decisions

Number of pages: 33 Posted: 12 Jan 2005

Working Paper Series

Jonathan Lewellen and Katharina Lewellen

Dartmouth College - Tuck School of Business and Dartmouth College - Tuck School of Business

Downloads 515

22.

Taxes, Estate Planning and Financial Theory: New Insights and Perspectives

AFA 2005 Philadelphia Meetings Paper

Number of pages: 26 Posted: 12 Jan 2005

Working Paper Series

Robert M. Dammon, Chester S. Spatt and Harold H. Zhang

Carnegie Mellon University, Carnegie Mellon University - David A. Tepper School of Business and University of Texas at Dallas - Naveen Jindal School of Management

Downloads 493

23.

Multi-Period Corporate Failure Prediction with Stochastic Covariates

AFA 2005 Philadelphia Meetings Paper

Number of pages: 43 Posted: 12 Jan 2005

Working Paper Series

Darrell Duffie and Ke Wang

Stanford University - Graduate School of Business and Board of Governors of the Federal Reserve System

There are 2 versions of this paper

Downloads 257

24.

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 6,419

25.

New Forecasts of the Equity Premium

Number of pages: 56 Posted: 10 Jan 2005

Working Paper Series

Christopher Polk, Samuel Brodsky Thompson and Tuomo Vuolteenaho

London School of Economics, Arrowstreet Capital, L.P. and Arrowstreet Capital, LP

There are 2 versions of this paper

Downloads 749

26.

Partial Adjustment Toward Target Capital Structures

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 1,904

27.

Understanding Common Factors in Domestic and International Bond Spreads

Number of pages: 49 Posted: 09 Jan 2005

Working Paper Series

Rodolfo Martell

Barclays Global Investors

There are 2 versions of this paper

Downloads 341

28.

Why are IPO Investors Net Buyers Through Lead Underwriters?

AFA 2005 Philadelphia Meetings Paper, EFA 2005 Moscow Meetings Paper

Number of pages: 60 Posted: 07 Jan 2005

Working Paper Series

John M. Griffin, Jeffrey H. Harris and Selim Topaloglu

University of Texas at Austin - Department of Finance, American University - Department of Finance and Real Estate and Queen's University - Smith School of Business

Downloads 259

29.

Do Today's Trades Affect Tomorrow's IPO Allocations?

AFA 2005 Philadelphia Meetings, Forthcoming

Number of pages: 36 Posted: 05 Jan 2005

Working Paper Series

Mahendrarajah Nimalendran, Jay R. Ritter and Donghang Zhang

University of Florida - Department of Finance, Insurance and Real Estate, University of Florida - Department of Finance, Insurance and Real Estate and University of South Carolina - Darla Moore School of Business

Downloads 283

30.

Optimal Equity Stakes and Corporate Control

Number of pages: 39 Posted: 05 Jan 2005

Working Paper Series

Richmond D. Mathews

University of Maryland - Department of Finance

There are 2 versions of this paper

Downloads 147

31.

Determinants of Deposit-Insurance Adoption and Design

Number of pages: 43 Posted: 05 Jan 2005

Working Paper Series

Asli Demirgüç-Kunt, Edward J. Kane and Luc Laeven

World Bank, Boston College - Department of Finance and European Central Bank (ECB)

There are 3 versions of this paper

Downloads 249

32.

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 - Department of Finance & Economics, London Business School and University of California, Berkeley - Walter A. Haas School of Business

Downloads 1,236

33.

A New Test of Capital Structure

Number of pages: 47 Posted: 05 Jan 2005

Working Paper Series

Colin Mayer and Oren Sussman

University of Oxford - Said Business School and European Corporate Governance Institute (ECGI)

There are 2 versions of this paper

Downloads 1,692

34.

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 Davydenko and Julian R. Franks

University of Toronto - Finance Area and London Business School - Institute of Finance and Accounting

Downloads 2,594

35.

Corruption, Firm Governance, and the Cost of Capital

Number of pages: 45 Posted: 05 Jan 2005

Working Paper Series

Mark J. Garmaise and Jun Liu

University of California, Los Angeles (UCLA) - Anderson School of Management and University of California, San Diego (UCSD) - Rady School of Management

Downloads 1,022

36.

Should Business Groups Be Dismantled? The Equilibrium Costs of Efficient Internal Capital Markets

AFA 2005 Philadelphia Meetings

Number of pages: 40 Posted: 05 Jan 2005

Working Paper Series

Heitor Almeida and Daniel Wolfenzon

University of Illinois at Urbana-Champaign and Columbia Business School - Finance and Economics

There are 2 versions of this paper

Downloads 448

37.

The Political Economy of Entry: Lobbying and Financial Development

Number of pages: 32 Posted: 05 Jan 2005

Working Paper Series

Enrico C. Perotti and Paolo F. Volpin

University of Amsterdam - Finance Group and City University London - Faculty of Finance

Downloads 204

38.

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

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 University of Sothern California

There are 2 versions of this paper

Downloads 1,280

39.

Tipping

AFA 2005 Philadelphia Meetings

Number of pages: 40 Posted: 02 Jan 2005

Working Paper Series

Paul J. Irvine, Andy Puckett and Marc L. Lipson

Neeley School of Business, University of Tennessee, Knoxville and University of Virginia - Darden School of Business

Downloads 561

40.

Rational Stock-Market Fluctuations

Number of pages: 43 Posted: 02 Jan 2005

Working Paper Series

Antonio Mele

University of Lugano

Downloads 99

41.

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

Number of pages: 40 Posted: 02 Jan 2005

Working Paper Series

Ralph Bachmann

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

Downloads 1,323

42.

Separating Microstructure Noise from Volatility

Number of pages: 49 Posted: 02 Jan 2005

Working Paper Series

Federico M. Bandi and Jeffrey R. Russell

Johns Hopkins University - Carey Business School and University of Chicago - Booth School of Business - Econometrics and Statistics

Downloads 727

43.

The Impact of Acquiring Control on Productivity

Number of pages: 47 Posted: 02 Jan 2005

Working Paper Series

Francisco Perez-Gonzalez

National Bureau of Economic Research (NBER)

Downloads 181

44.

Contractibility and the Design of Research Agreements

Number of pages: 39 Posted: 02 Jan 2005

Working Paper Series

Ulrike Malmendier and Josh Lerner

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

There are 2 versions of this paper

Downloads 220

45.

Venture Capital: An Experiment in Computational Corporate Finance

Number of pages: 42 Posted: 02 Jan 2005

Working Paper Series

Zsuzsanna Fluck, Kedran Rae Garrison and Stewart C. Myers

Michigan State University - Department of Finance, Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA) and Massachusetts Institute of Technology (MIT)

Downloads 542

46.