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Robert H. Smith: Finance (Topic)

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Viewing: 1 - 50 of 273 papers

1.

Is Money Really 'Smart'? New Evidence on the Relation Between Mutual Fund Flows, Manager Behavior, and Performance Persistence

Number of pages: 56 Posted: 23 Jul 2003
Working Paper Series
University of Maryland - Robert H. Smith School of Business
Downloads 6,397
2.

False Discoveries in Mutual Fund Performance: Measuring Luck in Estimated Alphas

Journal of Finance, Forthcoming, Swiss Finance Institute Research Paper No. 08-18, Robert H. Smith School Research Paper No. RHS 06-043
Number of pages: 53 Posted: 05 Mar 2008 Last Revised: 03 Feb 2011
Accepted Paper Series
McGill University - Desautels Faculty of Management, University of Geneva GSEM and GFRI and University of Maryland - Robert H. Smith School of Business
Downloads 5,418
3.

An EBIT-Based Model of Dynamic Capital Structure

Dice Center For Research In Financial Economics Working Paper No. 98-13
Number of pages: 40 Posted: 24 Oct 1998
Working Paper Series
University of Minnesota - Twin Cities - Carlson School of Management, Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF) and University of California, Berkeley - Walter A. Haas School of Business

Multiple version iconThere are 2 versions of this paper

Downloads 4,301
4.

Investing in Mutual Funds when Returns are Predictable

Number of pages: 58 Posted: 08 Jun 2004
Working Paper Series
Hebrew University of Jerusalem - Jerusalem School of Business Administration and University of Maryland - Robert H. Smith School of Business

Multiple version iconThere are 2 versions of this paper

Downloads 3,979
5.

Why Do Firms Go Dark? Causes and Economic Consequences of Voluntary SEC Deregistrations

ECGI - Finance Working Paper No. 155/2007, AFA 2006 Boston Meetings Paper, Robert H. Smith School Research Paper No. RHS 06-045
Number of pages: 70 Posted: 24 Oct 2005 Last Revised: 13 Feb 2011
Working Paper Series
University of Chicago - Booth School of Business, University of Maryland - Robert H. Smith School of Business and University of Minnesota - Twin Cities - Carlson School of Management

Multiple version iconThere are 2 versions of this paper

Downloads 3,387
6.

Self-Selection Models in Corporate Finance

Robert H. Smith School Research Paper No. RHS 06-020
Number of pages: 66 Posted: 08 Nov 2005
Working Paper Series
University of British Columbia (UBC) - Sauder School of Business and University of Maryland - Robert H. Smith School of Business
Downloads 3,205
7.

Judging Borrowers by the Company They Keep: Friendship Networks and Information Asymmetry in Online Peer-to-Peer Lending

Western Finance Association 2009 Annual Meeting Paper
Number of pages: 48 Posted: 09 Mar 2009 Last Revised: 19 Jun 2014
Working Paper Series
University of Arizona - Eller College of Management, University of Maryland - Robert H. Smith School of Business and University of Maryland - Robert H. Smith School of Business
Downloads 2,520
8.

News versus Sentiment: Predicting Stock Returns from News Stories

Robert H. Smith School Research Paper
Number of pages: 38 Posted: 18 Aug 2013 Last Revised: 04 Aug 2015
Working Paper Series
University of Maryland - Department of Finance and Board of Governors of the Federal Reserve System

Multiple version iconThere are 2 versions of this paper

Downloads 2,319
9.

Is Information Risk a Determinant of Asset Returns?

EFA 0101
Number of pages: 51 Posted: 07 Dec 2000
Working Paper Series
Cornell University - Department of Economics, Copenhagen Business School and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 2,282
10.

Stock Valuation in Dynamic Economics

Yale ICF Working Paper No. 00-36
Number of pages: 52 Posted: 12 Jun 2001
Working Paper Series
University of Hong Kong and University of Maryland - Robert H. Smith School of Business
Downloads 2,146
11.

Stochastic Volatility for Levy Processes

EFA 2002 Berlin Meetings Presented Paper
Number of pages: 35 Posted: 04 Jun 2002
Working Paper Series
New York University (NYU) - Courant Institute of Mathematical Sciences, University of London - Economics, Mathematics and Statistics, University of Maryland - Robert H. Smith School of Business and Universite Paris
Downloads 1,895
12.

The Value of Financial Flexibility

Journal of Finance, Forthcoming, AFA 2006 Boston Meetings Paper
Number of pages: 57 Posted: 06 Mar 2005
Accepted Paper Series
University of Warwick - Finance Group and University of Maryland - Robert H. Smith School of Business
Downloads 1,844
13.

The Value of Active Mutual Fund Management: An Examination of the Stockholdings and Trades of Fund Managers

Journal of Financial and Quantitative Analysis
Number of pages: 45 Posted: 07 Jul 2000
Accepted Paper Series
Emory University - Department of Finance, University of Illinois at Chicago - Department of Finance and University of Maryland - Robert H. Smith School of Business
Downloads 1,732
14.

Is There an Optimal Industry Financial Structure?

AFA 2002 Atlanta; R.H. Smith School of Business Working Paper
Number of pages: 47 Posted: 17 May 2001
Working Paper Series
Hong Kong University of Science & Technology (HKUST) - Department of Finance and Tuck School of Business at Dartmouth

Multiple version iconThere are 2 versions of this paper

Downloads 1,669
15.

How Does Underwriter Price Support Affect IPOs? Empirical Evidence

Number of pages: 48 Posted: 05 Jun 1998
Working Paper Series
Duke University - Fuqua School of Business and University of Maryland - Robert H. Smith School of Business
Downloads 1,537
16.

Investigating the Sources of Default Risk: Lessons from Empirically Evaluating Credit Risk Models

AFA 2001 New Orleans Meetings
Number of pages: 53 Posted: 08 Mar 2001
Working Paper Series
University of Maryland - Robert H. Smith School of Business, University of Maryland - Robert H. Smith School of Business and Morgan Stanley
Downloads 1,514
17.

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

Number of pages: 52 Posted: 25 Jan 2011 Last Revised: 29 Feb 2012
Working Paper Series
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

Multiple version iconThere are 2 versions of this paper

Downloads 1,493
18.

Mutual Fund Herding and the Impact on Stock Prices

Number of pages: 49 Posted: 21 Oct 1998
Working Paper Series
University of Maryland - Robert H. Smith School of Business

Multiple version iconThere are 2 versions of this paper

Downloads 1,465
19.

Spanning and Derivative-Security Valuation

Number of pages: 34 Posted: 07 Apr 1999
Working Paper Series
University of Maryland - Robert H. Smith School of Business and University of Maryland - Robert H. Smith School of Business

Multiple version iconThere are 2 versions of this paper

Downloads 1,455
20.

Trade Credit, Collateral, and Adverse Selection

Number of pages: 41 Posted: 15 May 1998
Working Paper Series
University of Maryland - Robert H. Smith School of Business and University of Minnesota
Downloads 1,419
21.

Law, Finance and Firm Growth

Number of pages: 44 Posted: 27 Nov 1998
Working Paper Series
World Bank - Development Research Group and University of Maryland - Robert H. Smith School of Business

Multiple version iconThere are 2 versions of this paper

Downloads 1,383
22.

Stock Return Characteristics, Skew Laws, and the Differential Pricing of Individual Equity Options

EFA 0162
Number of pages: 51 Posted: 10 Oct 2000
Working Paper Series
University of Massachusetts Amherst - Department of Finance, University of Maryland - Robert H. Smith School of Business and University of Maryland - Robert H. Smith School of Business
Downloads 1,377
23.

A Theory of Volatility Spreads

Robert H. Smith School Research Paper No. RHS 06-028
Number of pages: 29 Posted: 02 Feb 2006
Working Paper Series
University of Maryland - Robert H. Smith School of Business and University of Maryland - Robert H. Smith School of Business
Downloads 1,374
24.

Understanding the Role of Recovery in Default Risk Models: Empirical Comparisons and Implied Recovery Rates

FDIC CFR Working Paper No. 06, EFA 2004 Maastricht Meetings Paper No. 3584, FEDS Working Paper, AFA 20004 Meetings
Number of pages: 32 Posted: 24 Oct 2003
Working Paper Series
University of Maryland - Robert H. Smith School of Business, University of Maryland - Robert H. Smith School of Business and Morgan Stanley
Downloads 1,312
25.

Stock and Bond Market Interaction: Does Momentum Spill Over?

Number of pages: 37 Posted: 13 Jul 2002
Working Paper Series
affiliation not provided to SSRN, Copenhagen Business School and LSV Asset Management
Downloads 1,277
26.

The Market for Corporate Assets: Who Engages in Mergers and Asset Sales and are there Efficiency Gains?

AFA 2001 New Orleans
Number of pages: 56 Posted: 16 Mar 2000
Working Paper Series
University of Maryland - Robert H. Smith School of Business and Tuck School of Business at Dartmouth

Multiple version iconThere are 2 versions of this paper

Downloads 1,229
27.

Pricing an American Option by Approximating Its Early Exercise Boundary As a Piece-Wise Exponential Function

Number of pages: 26 Posted: 03 Apr 1997
Working Paper Series
Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF)
Downloads 1,157
28.

Technological Innovation and Initial Public Offerings

Number of pages: 43 Posted: 27 Sep 1998
Working Paper Series
University of Maryland - Robert H. Smith School of Business and Northeastern University, D’Amore-McKim School of Business, Finance Area
Downloads 1,153
29.

Can Mutual Fund 'Stars' Really Pick Stocks? New Evidence from a Bootstrap Analysis

Number of pages: 56 Posted: 28 Nov 2005 Last Revised: 17 Oct 2013
Working Paper Series
Imperial College Business School, University of California, San Diego (UCSD) - Department of Economics, University of Maryland - Robert H. Smith School of Business and University of California, San Diego (UCSD) - Department of Economics

Multiple version iconThere are 2 versions of this paper

Downloads 1,141
30.

New Measures for Performance Evaluation

Number of pages: 41 Posted: 08 Jan 2007 Last Revised: 28 Apr 2008
Working Paper Series
Moscow State University and University of Maryland - Robert H. Smith School of Business

Multiple version iconThere are 2 versions of this paper

Downloads 1,127
31.

A Trade-based Analysis of Momentum

AFA 2002 Atlanta Meetings
Number of pages: 39 Posted: 11 Jul 2001
Working Paper Series
Copenhagen Business School

Multiple version iconThere are 2 versions of this paper

Downloads 1,125
32.

How Important are Financing Constraints? The Role of Finance in the Business Environment

World Bank Policy Research Working Paper No. 3820
Number of pages: 59 Posted: 14 Nov 2005
Working Paper Series
University of Maryland - Robert H. Smith School of Business, World Bank - Development Research Group and George Washington University - School of Business

Multiple version iconThere are 3 versions of this paper

Downloads 1,074
33.

Corporate Equity Ownership, Strategic Alliances and Product Market Relationships

Number of pages: 31 Posted: 09 Nov 2000
Working Paper Series
Southern Methodist University (SMU) - Edwin L. Cox School of Business and Tuck School of Business at Dartmouth

Multiple version iconThere are 2 versions of this paper

Downloads 1,072
34.

An Alternative Valuation Model for Contingent Claims

THE CHARLES A. DICE CENTER FOR RESEARCH IN FINANCIAL ECONOMICS
Number of pages: 36 Posted: 29 Feb 1996
Working Paper Series
University of Hong Kong and University of Maryland - Robert H. Smith School of Business
Downloads 1,058
35.

Who is Afraid of Reg FD? The Behavior and Performance of Sell-Side Analysts Following the SEC's Fair Disclosure Rules

AFA 2003 Washington, DC Meetings Paper, EFA 2002 Berlin Meetings Paper
Number of pages: 36 Posted: 02 Mar 2002 Last Revised: 13 Feb 2011
Working Paper Series
University of Alabama - Culverhouse College of Commerce & Business Administration, Georgia State University - Department of Finance and University of Alabama - Culverhouse College of Commerce & Business Administration

Multiple version iconThere are 2 versions of this paper

Downloads 1,034
36.

Corporate Risk Management: Integrating Liquidity, Hedging, and Operating Policies

Management Science, Forthcoming, Robert H. Smith School Research Paper No. RHS 06-106
Number of pages: 35 Posted: 20 Sep 2009 Last Revised: 11 Mar 2014
Accepted Paper Series
University of Warwick - Finance Group and University of Maryland - Robert H. Smith School of Business
Downloads 1,015
37.

Do Higher-Moment Equity Risks Explain Hedge Fund Returns?

Robert H. Smith School Research Paper No. RHS 06-153
Number of pages: 54 Posted: 21 Mar 2008 Last Revised: 30 Jan 2011
Working Paper Series
Georgia State University, University of Maryland - Robert H. Smith School of Business and Erasmus University - Rotterdam School of Management
Downloads 1,004
38.

Securities Fraud: An Economic Analysis

Number of pages: 39 Posted: 20 Mar 2005
Working Paper Series
University of Minnesota - Twin Cities - Carlson School of Management
Downloads 997
39.

Executive Stock Option Repricing, Internal Governance Mechanisms, and Management Turnover

EFMA 2001 Lugano Meetings; AFA 2001 New Orleans; Tuck-JFE Contemporary Corporate Governance Conf
Number of pages: 48 Posted: 23 Jul 2000
Working Paper Series
Gabelli School of Business, Fordham University and University of Maryland - Robert H. Smith School of Business
Downloads 977
40.

Private versus Public Offerings: Optimal Selling Mechanisms with Adverse Selection

Number of pages: 56 Posted: 01 Sep 1999
Working Paper Series
University of Maryland - Robert H. Smith School of Business and Northeastern University, D’Amore-McKim School of Business, Finance Area
Downloads 957
41.

Disappearing Dividends, Catering, and Risk

AFA 2007 Chicago Meetings Paper
Number of pages: 54 Posted: 22 Mar 2005 Last Revised: 16 Dec 2007
Working Paper Series
University of Southern California - Marshall School of Business and University of Maryland - Robert H. Smith School of Business

Multiple version iconThere are 2 versions of this paper

Downloads 946
42.

Do Conglomerate Firms Allocate Resources Inefficiently?

Number of pages: 51 Posted: 18 Aug 1998
Working Paper Series
University of Maryland - Robert H. Smith School of Business and Tuck School of Business at Dartmouth

Multiple version iconThere are 2 versions of this paper

Downloads 899
43.

Herd Behavior in Voluntary Disclosure Decisions: An Examination of Capital Expenditure Forecasts*

AAA 2006 Financial Accounting and Reporting Section (FARS) Meeting Paper
Number of pages: 55 Posted: 17 Jan 2005
Working Paper Series
University of Delaware - Accounting & MIS, University of Maryland - Department of Accounting & Information Assurance and University of Maryland - Robert H. Smith School of Business
Downloads 889
44.

Small Trades and the Cross-Section of Stock Returns

AFA 2007 Chicago Meetings Paper, Robert H. Smith School Research Paper No. RHS 06-018
Number of pages: 39 Posted: 15 Mar 2006 Last Revised: 03 Feb 2011
Working Paper Series
Copenhagen Business School
Downloads 872
45.

Corporate Securities Fraud: Insights from a New Empirical Framework

Journal of Law, Economics, and Organization, Forthcoming
Number of pages: 43 Posted: 06 Jul 2004 Last Revised: 02 Apr 2011
Accepted Paper Series
University of Minnesota - Twin Cities - Carlson School of Management
Downloads 861
46.

Do Fraudulent Firms Produce Abnormal Disclosure?

Vanderbilt Owen Graduate School of Management Research Paper No. 2298302, Robert H. Smith School Research Paper
Number of pages: 52 Posted: 26 Jul 2013 Last Revised: 23 Apr 2015
Working Paper Series
University of Southern California - Marshall School of Business and Vanderbilt University - Finance
Downloads 847
47.

Ownership and Control in Joint Ventures: Theory and Evidence

AFA 2004 San Diego Meetings
Number of pages: 46 Posted: 23 Nov 2003 Last Revised: 20 Feb 2015
Working Paper Series
American University - Department of Finance and Real Estate and Toulouse School of Economics

Multiple version iconThere are 2 versions of this paper

Downloads 833
48.

Pricing Options on Realized Variance

EFA 2005 Moscow Meetings Paper
Number of pages: 26 Posted: 11 Mar 2005 Last Revised: 30 Jan 2010
Working Paper Series
New York University (NYU) - Courant Institute of Mathematical Sciences, University of London - Economics, Mathematics and Statistics, University of Maryland - Robert H. Smith School of Business and Universite Paris
Downloads 813
49.

The Cross-Section of Expected Corporate Bond Returns: Betas or Characteristics?

Cornell University; Johnson Graduate School of Management Working Paper
Number of pages: 43 Posted: 26 Aug 2001
Working Paper Series
affiliation not provided to SSRN, Copenhagen Business School and LSV Asset Management
Downloads 809
50.

Financial Structure and Economic Development: Firm, Industry, and Country Evidence

World Bank Policy Research Working Paper No. 2423
Number of pages: 61 Posted: 20 Apr 2016
Working Paper Series
University of Maryland - Robert H. Smith School of Business, City University London - Sir John Cass Business School, World Bank - Development Research Group and UC Berkeley
Downloads 804