George Andrew Karolyi

Cornell University - SC Johnson College of Business

Professor of Finance

174A STATLER HALL

ITHACA, NY 14853

United States

http://https://www.johnson.cornell.edu/faculty-research/faculty/gak56/

Cornell SC Johnson College of Business

Ithaca, NY 14850

United States

SCHOLARLY PAPERS

81

DOWNLOADS
Rank 509

SSRN RANKINGS

Top 509

in Total Papers Downloads

73,223

TOTAL CITATIONS
Rank 241

SSRN RANKINGS

Top 241

in Total Papers Citations

2,059

Scholarly Papers (81)

Why Do Countries Matter so Much for Corporate Governance?

ECGI - Finance Working Paper No. 50/2004, Charles A. Dice Center Working Paper No. 2004-16 and Fisher College of Business Working Paper No. 2006-03-008
Number of pages: 61 Posted: 25 Aug 2004
Craig Doidge, George Andrew Karolyi and René M. Stulz
University of Toronto - Rotman School of Management, Cornell University - SC Johnson College of Business and Ohio State University (OSU) - Department of Finance
Downloads 4,254 (5,034)
Citation 29

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corporate governance, financial globalization, investor protection

Why Do Countries Matter so Much for Corporate Governance?

NBER Working Paper No. w10726
Number of pages: 54 Posted: 20 Sep 2004 Last Revised: 24 Apr 2022
Craig Doidge, George Andrew Karolyi and René M. Stulz
University of Toronto - Rotman School of Management, Cornell University - SC Johnson College of Business and Ohio State University (OSU) - Department of Finance
Downloads 180 (348,835)
Citation 31

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Has New York Become Less Competitive in Global Markets? Evaluating Foreign Listing Choices over Time

Fisher College of Business Working Paper No. 2007-03-012, ECGI - Finance Working Paper No. 173/2007, Charles A. Dice Center Working Paper No. 2007-9
Number of pages: 74 Posted: 25 Apr 2007
Craig Doidge, George Andrew Karolyi and René M. Stulz
University of Toronto - Rotman School of Management, Cornell University - SC Johnson College of Business and Ohio State University (OSU) - Department of Finance
Downloads 3,417 (7,222)
Citation 43

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Has New York Become Less Competitive in Global Markets? Evaluating Foreign Listing Choices Over Time

NBER Working Paper No. w13079
Number of pages: 67 Posted: 27 Jun 2007 Last Revised: 28 Sep 2022
Craig Doidge, George Andrew Karolyi and René M. Stulz
University of Toronto - Rotman School of Management, Cornell University - SC Johnson College of Business and Ohio State University (OSU) - Department of Finance
Downloads 93 (590,958)
Citation 24

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3.

Terrorism and the Stock Market

Number of pages: 27 Posted: 12 Oct 2005
George Andrew Karolyi and Rodolfo Martell
Cornell University - SC Johnson College of Business and Kepos Capital
Downloads 3,136 (8,425)
Citation 41

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Terrorism, Terrorism Risk Insurance Act (TRIA), event study, government policy

4.

What Factors Drive Global Stock Returns?

Charles A. Dice Center Working Paper No. 2006-009, Fisher College of Business Working Paper No. 2006-03-009
Number of pages: 65 Posted: 15 Jun 2006 Last Revised: 27 May 2011
Kewei Hou, George Andrew Karolyi and Bong-Chan Kho
Ohio State University (OSU) - Department of Finance, Cornell University - SC Johnson College of Business and Seoul National University, Business School
Downloads 2,698 (10,686)
Citation 84

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International finance; asset pricing models; common factors

5.

Do ESG Factors Influence Firm Valuation? Evidence from the Field

Number of pages: 66 Posted: 24 Feb 2023 Last Revised: 31 Jul 2023
Franck Bancel, Dejan Glavas and George Andrew Karolyi
ESCP Business School, ESSCA school of management and Cornell University - SC Johnson College of Business
Downloads 2,640 (11,043)
Citation 6

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ESG factors, Valuation, Investments, Survey methods

6.

Multi-Market Trading and Arbitrage

Journal of Financial Economics (JFE), Vol. 97, No. 1, July 2010
Number of pages: 53 Posted: 17 Aug 2004 Last Revised: 12 Jul 2010
Louis Gagnon and George Andrew Karolyi
Queen's University - Smith School of Business and Cornell University - SC Johnson College of Business
Downloads 2,121 (15,702)
Citation 34

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International finance, multi-market trading, cross-listed stocks, arbitrage

7.

The Impact of the Introduction of the Euro on Foreign Exchange Rate Risk Exposures

Journal of Empirical Finance, Vol. 13, Nos.4-5, pp. 519-549, October 2006, EFA 2002 Berlin Meetings Presented Paper, WBS Finance Group Research Paper No. 16
Number of pages: 51 Posted: 16 Mar 2002 Last Revised: 18 Dec 2019
Söhnke M. Bartram and George Andrew Karolyi
University of Warwick and Cornell University - SC Johnson College of Business
Downloads 2,116 (15,753)
Citation 30

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Foreign exchange rates, exposure, Euro, corporate finance, risk management, derivatives

8.
Downloads 1,985 (17,426)
Citation 21

The Long-Run Performance of Global Equity Offerings

Number of pages: 53 Posted: 11 Feb 1998
George Andrew Karolyi and Stephen R. Foerster
Cornell University - SC Johnson College of Business and University of Western Ontario - Richard Ivey School of Business
Downloads 1,543 (25,293)
Citation 2

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The Long-Run Performance of Global Equity Offerings

Dice Working Paper No. 99-4
Number of pages: 45 Posted: 05 Oct 1999
Stephen R. Foerster and George Andrew Karolyi
University of Western Ontario - Richard Ivey School of Business and Cornell University - SC Johnson College of Business
Downloads 442 (137,041)
Citation 19

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The Long-Run Performance of Global Equity Offerings

Posted: 12 Jan 2001
Stephen R. Foerster and George Andrew Karolyi
University of Western Ontario - Richard Ivey School of Business and Cornell University - SC Johnson College of Business

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9.

What Happens to Stocks that List Shares Abroad? A Survey of the Evidence and its Managerial Implications

Number of pages: 54 Posted: 13 Jan 1997
George Andrew Karolyi
Cornell University - SC Johnson College of Business
Downloads 1,883 (18,980)
Citation 24

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Private Benefits of Control, Ownership, and the Cross-Listing Decision

ECGI - Finance Working Paper No. 77/2005, Dice Center Working Paper No. 2005-2
Number of pages: 49 Posted: 16 Mar 2005
University of Toronto - Rotman School of Management, Cornell University - SC Johnson College of Business, Ohio State University (OSU) - Department of Finance, University of Utah - Department of Finance and Southern Methodist University (SMU) - Finance Department
Downloads 1,761 (20,671)
Citation 2

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Private benefits of control, corporate governance, cross-listing, corporate ownership

Private Benefits of Control, Ownership, and the Cross-Listing Decision

NBER Working Paper No. w11162
Number of pages: 40 Posted: 29 Mar 2005 Last Revised: 03 Jul 2022
University of Toronto - Rotman School of Management, Cornell University - SC Johnson College of Business, Ohio State University (OSU) - Department of Finance, University of Utah - Department of Finance and Southern Methodist University (SMU) - Finance Department
Downloads 106 (539,242)
Citation 11

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11.
Downloads 1,786 (20,622)
Citation 39

The U.S. Listing Gap

Journal of Financial Economics (JFE), Forthcoming, Fisher College of Business Working Paper No. 2015-03-07, Charles A. Dice Center Working Paper No. 2015-07
Number of pages: 55 Posted: 13 May 2015 Last Revised: 14 Jun 2016
Craig Doidge, George Andrew Karolyi and René M. Stulz
University of Toronto - Rotman School of Management, Cornell University - SC Johnson College of Business and Ohio State University (OSU) - Department of Finance
Downloads 1,391 (29,529)
Citation 12

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Stock market listing; New list; Delist

The U.S. Listing Gap

ECGI - Finance Working Paper No. 451/2015
Number of pages: 65 Posted: 22 May 2015
Craig Doidge, George Andrew Karolyi and René M. Stulz
University of Toronto - Rotman School of Management, Cornell University - SC Johnson College of Business and Ohio State University (OSU) - Department of Finance
Downloads 266 (239,181)
Citation 27

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listing, exchange, delisting, IPO, merger, public corporation, financial development

The U.S. Listing Gap

NBER Working Paper No. w21181
Number of pages: 60 Posted: 18 May 2015 Last Revised: 18 May 2023
Craig Doidge, George Andrew Karolyi and René M. Stulz
University of Toronto - Rotman School of Management, Cornell University - SC Johnson College of Business and Ohio State University (OSU) - Department of Finance
Downloads 129 (462,766)

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12.

Climate Finance

Number of pages: 19 Posted: 11 Nov 2019
Harrison G. Hong, George Andrew Karolyi and José A. Scheinkman
Columbia University, Graduate School of Arts and Sciences, Department of Economics, Cornell University - SC Johnson College of Business and Columbia University
Downloads 1,624 (23,803)
Citation 77

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climate change; global warming; heterogeneous beliefs; financial markets; stock returns; real estate prices; institutional investors; registered reports

13.
Downloads 1,497 (26,922)
Citation 38

Why are Foreign Firms Listed in the U.S. Worth More?

Dice Center Working Paper No. 2001-16
Number of pages: 45 Posted: 01 Oct 2001
Craig Doidge, George Andrew Karolyi and René M. Stulz
University of Toronto - Rotman School of Management, Cornell University - SC Johnson College of Business and Ohio State University (OSU) - Department of Finance
Downloads 1,345 (31,003)
Citation 2

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Why are Foreign Firms Listed in the U.S. Worth More?

NBER Working Paper No. w8538
Number of pages: 45 Posted: 11 Oct 2001 Last Revised: 31 Oct 2022
Craig Doidge, George Andrew Karolyi and René M. Stulz
University of Toronto - Rotman School of Management, Cornell University - SC Johnson College of Business and Ohio State University (OSU) - Department of Finance
Downloads 152 (404,681)
Citation 36

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Why are Foreign Firms Listed in the U.S. Worth More?

Posted: 25 Dec 2003
Craig Doidge, George Andrew Karolyi and René M. Stulz
University of Toronto - Rotman School of Management, Cornell University - SC Johnson College of Business and Ohio State University (OSU) - Department of Finance

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14.

Understanding Commonality in Liquidity Around the World

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 64 Posted: 13 Sep 2007 Last Revised: 16 Jul 2011
George Andrew Karolyi, Kuan-Hui Lee and Mathijs A. van Dijk
Cornell University - SC Johnson College of Business, Seoul National University Business School and Erasmus University Rotterdam (EUR)
Downloads 1,422 (29,093)
Citation 128

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Commonality, Liquidity, International markets

15.

Another Look at the Role of the Industrial Structure of Markets for International Diversification Strategies

THE CHARLES A. DICE CENTER FOR RESEARCH IN FINANCIAL ECONOMICS
Number of pages: 29 Posted: 28 Feb 1996
John M. Griffin and George Andrew Karolyi
University of Texas at Austin - Department of Finance and Cornell University - SC Johnson College of Business
Downloads 1,418 (29,213)
Citation 88

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Eclipse of the Public Corporation or Eclipse of the Public Markets?

Rotman School of Management Working Paper No. 3100255, Charles A. Dice Center Working Paper No. 2018-1, Fisher College of Business Working Paper No. 2018-03-01, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 547/2018
Number of pages: 29 Posted: 17 Jan 2018 Last Revised: 26 Mar 2018
Craig Doidge, Kathleen M. Kahle, George Andrew Karolyi and René M. Stulz
University of Toronto - Rotman School of Management, University of Arizona - Department of Finance, Cornell University - SC Johnson College of Business and Ohio State University (OSU) - Department of Finance
Downloads 1,293 (32,849)
Citation 14

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Listings, delistings, IPOs, intangible capital, private firms, public firms, private equity, payouts

Eclipse of the Public Corporation or Eclipse of the Public Markets?

NBER Working Paper No. w24265
Number of pages: 24 Posted: 29 Jan 2018 Last Revised: 21 Apr 2023
Craig Doidge, Kathleen M. Kahle, George Andrew Karolyi and René Stulz
University of Toronto - Rotman School of Management, University of Arizona - Department of Finance, Cornell University - SC Johnson College of Business and Ohio State University (OSU) - Fisher College of Business
Downloads 60 (758,850)
Citation 29

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17.
Downloads 1,349 (31,410)
Citation 2

Do International Cross-Listings Still Matter?

EVIDENCE ON FINANCIAL GLOBALIZATION AND CRISES, Thorsten Beck, Sergio Schmukler, Stijn Claessens, eds., Elsevier North-Holland Publishers, 2010
Number of pages: 42 Posted: 11 Jul 2010 Last Revised: 28 Jul 2010
Louis Gagnon and George Andrew Karolyi
Queen's University - Smith School of Business and Cornell University - SC Johnson College of Business
Downloads 756 (69,715)

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Multi-market trading, Idiosyncratic risk, limits to arbitrage, Information, Volume, Comovements, Spillovers, International finance

Do International Cross-Listings Still Matter?

Johnson School Research Paper Series No. 32-2010
Number of pages: 43 Posted: 29 Jul 2010
George Andrew Karolyi and Louis Gagnon
Cornell University - SC Johnson College of Business and Queen's University - Smith School of Business
Downloads 593 (95,384)
Citation 2

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The Economic Consequences of Increased Disclosure: Evidence from International Cross-Listings

Dice Center Working Paper No. 2002-4; AFA 2003 Washington, DC Meetings
Number of pages: 66 Posted: 27 Mar 2002
Warren Bailey, George Andrew Karolyi and Carolina Salva
Cornell University, Cornell University - SC Johnson College of Business and University of Neuchatel - Institute of Financial Analysis
Downloads 1,336 (31,302)
Citation 94

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International cross-listing, earnings announcements, trading volume, volatility

The Economic Consequences of Increased Disclosure: Evidence from International Cross-Listings

Journal of Financial Economics, Forthcoming
Posted: 13 Sep 2005
Warren Bailey, George Andrew Karolyi and Carolina Salva
Cornell University, Cornell University - SC Johnson College of Business and University of Neuchatel - Institute of Financial Analysis

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International cross-listing, earnings announcements, trading volume, volatility

The World of Cross-Listings and Cross-Listings of the World: Challenging Conventional Wisdom

Dice Center Working Paper No. 2004-14
Number of pages: 63 Posted: 17 Aug 2004
George Andrew Karolyi
Cornell University - SC Johnson College of Business
Downloads 1,335 (31,333)
Citation 106

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The World of Cross-Listings and Cross-Listings of the World: Challenging Conventional Wisdom

Review of Finance, Vol. 10, Issue 1, pp. 99-152, 2006
Posted: 01 Sep 2008
George Andrew Karolyi
Cornell University - SC Johnson College of Business

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20.

International Real Estate Returns: A Multifactor, Multicountry Approach

Dice Center Working Paper No. 2003-8
Number of pages: 28 Posted: 06 Jun 2003
Shaun A. Bond, George Andrew Karolyi and Anthony B. Sanders
UQ Business School, Cornell University - SC Johnson College of Business and George Mason University - School of Business
Downloads 1,319 (32,505)
Citation 7

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21.

Understanding Electricity Price Volatility within and Across Markets

Dice Center Working Paper No. 2004-12
Number of pages: 42 Posted: 17 Aug 2004
Mika Goto and George Andrew Karolyi
Central Research Institute of Electric Power Industry and Cornell University - SC Johnson College of Business
Downloads 1,283 (33,840)
Citation 27

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Electricity prices, volatility, market structure, international markets

22.

Biodiversity Finance: A Call for Research into Financing Nature

Financial Management
Number of pages: 28 Posted: 28 Jun 2022 Last Revised: 06 Feb 2023
George Andrew Karolyi and John Tobin-de la Puente
Cornell University - SC Johnson College of Business and Cornell University - Charles H. Dyson School of Applied Economics and Management
Downloads 1,240 (35,501)
Citation 19

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Biodiversity, finance, climate change, investments, corporate financial management

23.

Value Premium, Network Adoption, and Factor Pricing of Crypto Assets

Number of pages: 65 Posted: 15 Dec 2021 Last Revised: 16 May 2022
Lin William Cong, George Andrew Karolyi, Ke Tang and Weiyi Zhao
Cornell University - Samuel Curtis Johnson Graduate School of Management, Cornell University - SC Johnson College of Business, Institute of Economics, School of Social Sciences, Tsinghua University and Tsinghua University
Downloads 1,202 (37,140)
Citation 14

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Blockchain, Cryptocurrency, DeFi, Factor Models, Network Effect, Market Segmentation

24.

The Consequences of Terrorism for Financial Markets: What Do We Know?

Number of pages: 13 Posted: 25 May 2006
George Andrew Karolyi
Cornell University - SC Johnson College of Business
Downloads 1,177 (38,296)
Citation 18

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Terrorism, financial markets

25.

Adjusted Forward Rates as Predictors of Future Spot Rates

Dice Center Working Paper Series 96-5
Number of pages: 32 Posted: 11 Nov 1997
Stephen A. Buser, George Andrew Karolyi and Anthony B. Sanders
Ohio State University (OSU) - Department of Finance, Cornell University - SC Johnson College of Business and George Mason University - School of Business
Downloads 1,163 (38,978)
Citation 1

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26.

To FinTech and Beyond

Number of pages: 21 Posted: 06 Nov 2019
Itay Goldstein, Wei Jiang and George Andrew Karolyi
University of Pennsylvania - The Wharton School - Finance Department, Emory University Goizueta Business School and Cornell University - SC Johnson College of Business
Downloads 1,158 (39,214)
Citation 58

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Financial Technology; Blockchain; Cryptocurrency; Roboadvising; Big Data; Peer-to-Peer Lending; Registered Reports

27.

The Gravity of Culture for Finance

Number of pages: 31 Posted: 01 May 2015
George Andrew Karolyi
Cornell University - SC Johnson College of Business
Downloads 1,138 (40,241)
Citation 59

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Culture, international portfolio choices, gravity models, research trends in finance.

28.

Why Do Markets Move Together? An Investigation of U.S.-Japan Stock Return Comovements Using Adrs

THE CHARLES A. DICE CENTER FOR RESEARCH IN FINANCIAL ECONOMICS
Number of pages: 41 Posted: 28 Feb 1996
George Andrew Karolyi and René M. Stulz
Cornell University - SC Johnson College of Business and Ohio State University (OSU) - Department of Finance
Downloads 1,123 (41,072)
Citation 57

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29.
Downloads 1,104 (42,157)
Citation 61

Are Financial Assets Priced Locally or Globally?

Dice Center Working Paper No. 2001-11
Number of pages: 68 Posted: 12 Aug 2001
George Andrew Karolyi and René M. Stulz
Cornell University - SC Johnson College of Business and Ohio State University (OSU) - Department of Finance
Downloads 869 (57,845)
Citation 4

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Are Financial Assets Priced Locally or Globally?

NBER Working Paper No. w8994
Number of pages: 74 Posted: 13 Jun 2002 Last Revised: 31 Jul 2022
George Andrew Karolyi and René M. Stulz
Cornell University - SC Johnson College of Business and Ohio State University (OSU) - Department of Finance
Downloads 235 (270,850)
Citation 57

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Information, Trading Volume and International Stock Market Comovements

International Finance Review, Vol. 4, pp. 351-381, 2003
Number of pages: 37 Posted: 24 Apr 1998 Last Revised: 12 Jul 2010
Louis Gagnon and George Andrew Karolyi
Queen's University - Smith School of Business and Cornell University - SC Johnson College of Business
Downloads 1,064 (44,387)
Citation 3

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31.
Downloads 1,021 (47,038)
Citation 68

A New Approach to Measuring Financial Contagion

Dice Center Working Paper No. 2000-13
Number of pages: 56 Posted: 08 Nov 2000
Kee-Hong Bae, George Andrew Karolyi and René M. Stulz
York University - Schulich School of Business, Cornell University - SC Johnson College of Business and Ohio State University (OSU) - Department of Finance
Downloads 891 (55,899)
Citation 24

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A New Approach to Measuring Financial Contagion

NBER Working Paper No. w7913
Number of pages: 57 Posted: 29 Sep 2000 Last Revised: 17 Aug 2022
Kee-Hong Bae, George Andrew Karolyi and René M. Stulz
York University - Schulich School of Business, Cornell University - SC Johnson College of Business and Ohio State University (OSU) - Department of Finance
Downloads 130 (459,931)
Citation 44

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32.

The Effects of Market Segmentation and Illiquidity on Asset Prices: Evidence from Foreign Stocks Listing in the Us

Dice Center for Research in Financial Economics WPS 96-6
Number of pages: 53 Posted: 27 Nov 1996
Stephen R. Foerster and George Andrew Karolyi
University of Western Ontario - Richard Ivey School of Business and Cornell University - SC Johnson College of Business
Downloads 982 (49,685)
Citation 9

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The U.S. Left Behind: The Rise of IPO Activity Around the World

Charles A. Dice Center Working Paper No. 2011-8, Fisher College of Business Working Paper No. 2011-03-008, ECGI - Finance Working Paper No. 303/2011
Number of pages: 61 Posted: 28 Mar 2011 Last Revised: 15 May 2011
Craig Doidge, George Andrew Karolyi and René M. Stulz
University of Toronto - Rotman School of Management, Cornell University - SC Johnson College of Business and Ohio State University (OSU) - Department of Finance
Downloads 901 (55,045)

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International finance, IPOs, Securities Laws, Corporate governance

The U.S. Left Behind: The Rise of IPO Activity Around the World

NBER Working Paper No. w16916
Number of pages: 57 Posted: 04 Apr 2011 Last Revised: 23 Mar 2023
Craig Doidge, George Andrew Karolyi and René M. Stulz
University of Toronto - Rotman School of Management, Cornell University - SC Johnson College of Business and Ohio State University (OSU) - Department of Finance
Downloads 64 (734,089)

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34.

The Theory and Practice of Investor Relations: A Global Perspective

Number of pages: 75 Posted: 08 Apr 2015 Last Revised: 01 Aug 2019
George Andrew Karolyi, Dawoon Kim and Rose C. Liao
Cornell University - SC Johnson College of Business, Nanyang Business School, Nanyang Technological University and Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics
Downloads 955 (51,584)
Citation 16

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Investor relations, disclosure, institutional investors, market valuation

The Effects of Market Segmentation and Investor Recognition on Asset Prices: Evidence from Foreign Stocks Listing in the U.S.

Dice Center for Research in Financial Economics Working Paper No. 98-11
Number of pages: 53 Posted: 27 Oct 1998
Stephen R. Foerster and George Andrew Karolyi
University of Western Ontario - Richard Ivey School of Business and Cornell University - SC Johnson College of Business
Downloads 950 (51,103)
Citation 46

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The Effects of Market Segmentation and Investor Recognition on Asset Prices: Evidence from Foreign Stocks Listing in the U.S.

Posted: 11 Nov 1998
Stephen R. Foerster and George Andrew Karolyi
University of Western Ontario - Richard Ivey School of Business and Cornell University - SC Johnson College of Business

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36.
Downloads 816 (63,982)
Citation 24

Why do Foreign Firms Leave U.S. Equity Markets?

Fisher College of Business Working Paper No. 2009-03-003, Charles A. Dice Center Working Paper No. 2009-3
Number of pages: 64 Posted: 13 Apr 2009
Craig Doidge, George Andrew Karolyi and René M. Stulz
University of Toronto - Rotman School of Management, Cornell University - SC Johnson College of Business and Ohio State University (OSU) - Department of Finance
Downloads 299 (211,800)
Citation 1

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Why Do Foreign Firms Leave U.S. Equity Markets?

ECGI - Finance Working Paper No. 244/2009
Number of pages: 67 Posted: 08 Jun 2009
Craig Doidge, George Andrew Karolyi and René M. Stulz
University of Toronto - Rotman School of Management, Cornell University - SC Johnson College of Business and Ohio State University (OSU) - Department of Finance
Downloads 234 (271,971)
Citation 5

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corporate governance, SOX, deregistration, Exchange Act Rule, bonding theory, loss of competitiveness theory

Why do Foreign Firms Leave U.S. Equity Markets?

Journal of Finance, Forthcoming, Fisher College of Business Working Paper No. 2009-03-003, Charles A. Dice Center Working Paper No. 2009-3
Number of pages: 58 Posted: 13 Apr 2009
Craig Doidge, George Andrew Karolyi and René M. Stulz
University of Toronto - Rotman School of Management, Cornell University - SC Johnson College of Business and Ohio State University (OSU) - Department of Finance
Downloads 216 (293,898)
Citation 2

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corporate governance, SOX, deregistration, Exchange Act Rule, bonding theory, loss of competitiveness theory

Why Do Foreign Firms Leave U.S. Equity Markets?

NBER Working Paper No. w14245
Number of pages: 63 Posted: 18 Aug 2008 Last Revised: 05 Jun 2022
Craig Doidge, George Andrew Karolyi and René M. Stulz
University of Toronto - Rotman School of Management, Cornell University - SC Johnson College of Business and Ohio State University (OSU) - Department of Finance
Downloads 67 (716,448)
Citation 16

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37.

The US Equity Valuation Premium, Globalization, and Climate Change Risks

Fisher College of Business Working Paper No. 2023-03-21, Charles A. Dice Working Paper No. 2023-21, HKU Jockey Club Enterprise Sustainability Global Research Institute - Archive
Number of pages: 49 Posted: 15 Sep 2023
René M. Stulz, Craig Doidge and George Andrew Karolyi
Ohio State University (OSU) - Department of Finance, University of Toronto - Rotman School of Management and Cornell University - SC Johnson College of Business
Downloads 790 (66,836)

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Financial globalization; corporate valuation; financial crisis; climate risks

38.

Daimlerchrysler Ag, the First Truly Global Share

Dice Center Working Paper No. 99-13
Number of pages: 46 Posted: 07 Feb 2000
George Andrew Karolyi
Cornell University - SC Johnson College of Business
Downloads 779 (68,085)
Citation 8

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39.

Regulatory Arbitrage and Cross-Border Bank Acquisitions

Journal of Finance, Forthcoming
Number of pages: 63 Posted: 22 Mar 2010 Last Revised: 15 May 2014
George Andrew Karolyi and Alvaro G. Taboada
Cornell University - SC Johnson College of Business and Mississippi State University
Downloads 729 (74,299)
Citation 70

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Cross-border mergers and acquisitions; financial institutions; bank regulation

40.

Information, Trading Volume, and International Stock Return Comovements: Evidence from Cross-Listed Stocks

Journal of Financial and Quantitative Analysis (JFQA), Vol. 44, No. 4, August 2009, Dice Center Working Paper No. 2006-11, Fisher College of Business Working Paper No. 2007-03-004
Number of pages: 50 Posted: 28 Jun 2006 Last Revised: 12 Jul 2010
Louis Gagnon and George Andrew Karolyi
Queen's University - Smith School of Business and Cornell University - SC Johnson College of Business
Downloads 728 (74,429)
Citation 6

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Information, Volume, Comovements, Spillovers, Cross-listed stocks, International finance, Multi-market trading, American Depositary Receipts

41.
Downloads 720 (75,522)
Citation 27

Does International Financial Contagion Really Exist?

Dice Center Working Paper No. 2003-12
Number of pages: 20 Posted: 14 Jun 2003
George Andrew Karolyi
Cornell University - SC Johnson College of Business
Downloads 720 (74,357)
Citation 27

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Does International Financial Contagion Really Exist?

Posted: 04 Jan 2004
George Andrew Karolyi
Cornell University - SC Johnson College of Business

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42.

Multi-Market Trading and Liquidity: Theory and Evidence

Number of pages: 42 Posted: 25 Jul 2004
Shmuel Baruch, Michael L. Lemmon and George Andrew Karolyi
University of Rome III, University of Utah - Department of Finance and Cornell University - SC Johnson College of Business
Downloads 706 (77,400)
Citation 29

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International finance, cross-listings, trading, liquidity

43.

The Role of Adrs in the Development of Emerging Equity Markets

Number of pages: 52 Posted: 04 Dec 2003
George Andrew Karolyi
Cornell University - SC Johnson College of Business
Downloads 675 (81,909)
Citation 9

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Why Do Foreign Firms Leave U.S. Equity Markets? An Analysis of Deregistrations Under SEC Exchange Act Rule 12h-6

Fisher College of Business Working Paper No. 2008-03-013
Number of pages: 48 Posted: 06 Aug 2008 Last Revised: 27 Sep 2010
Craig Doidge, George Andrew Karolyi and René M. Stulz
University of Toronto - Rotman School of Management, Cornell University - SC Johnson College of Business and Ohio State University (OSU) - Department of Finance
Downloads 623 (90,798)
Citation 11

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Cross-listings, Bonding, Deregistration, Sarbanes-Oxley Act, SEC Exchange Act Rule 12h-6

45.

Home Bias, an Academic Puzzle

Number of pages: 49 Posted: 27 Sep 2012
George Andrew Karolyi
Cornell University - SC Johnson College of Business
Downloads 617 (91,876)
Citation 36

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International finance, Globalization, Research trends in finance

46.

Did the Asian Financial Crisis Scare Foreign Investors Out of Japan?

Dice Center Working Paper No. 99-6
Number of pages: 33 Posted: 26 Jul 1999
George Andrew Karolyi
Cornell University - SC Johnson College of Business
Downloads 607 (93,852)
Citation 17

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47.

Cross-Border Bank Flows and Systemic Risk

Number of pages: 75 Posted: 23 Mar 2017 Last Revised: 19 Mar 2025
George Andrew Karolyi, John Sedunov and Alvaro G. Taboada
Cornell University - SC Johnson College of Business, Villanova University - Department of Finance and Mississippi State University
Downloads 606 (94,046)
Citation 15

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Cross-border bank flows, financial institutions, bank regulation, systemic risk, financial crises

48.

Understanding the Global Equity Greenium

Number of pages: 58 Posted: 08 Apr 2023
George Andrew Karolyi, Ying Wu and William W. Xiong
Cornell University - SC Johnson College of Business, Stevens Institute of Technology - School of Business and SUNY at Binghamton - School of Management
Downloads 576 (100,315)

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ESG; sustainable investing; environment, climate change, international stock returns.

Multimarket Trading and Liquidity: A Transaction Data Analysis of Canada U.S. Interlistings

Dice Center Research in Financial Economics Working Paper 98-12
Number of pages: 29 Posted: 22 Oct 1998
Stephen R. Foerster and George Andrew Karolyi
University of Western Ontario - Richard Ivey School of Business and Cornell University - SC Johnson College of Business
Downloads 540 (107,346)
Citation 20

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Multimarket Trading and Liquidity: A Transaction Data Analysis of Canada-U.S. Interlistings

Journal of International Financial Markets, Institutions and Money
Posted: 14 Dec 1998
Stephen R. Foerster and George Andrew Karolyi
University of Western Ontario - Richard Ivey School of Business and Cornell University - SC Johnson College of Business

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50.
Downloads 519 (114,185)
Citation 201

Momentum Strategies: Some Bootstrap Tests

Dice Center Working Paper No. 2003-6
Number of pages: 41 Posted: 08 Apr 2003
George Andrew Karolyi and Bong-Chan Kho
Cornell University - SC Johnson College of Business and Seoul National University, Business School
Downloads 519 (112,769)
Citation 201

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Momentum Strategies: Some Bootstrap Tests

Posted: 25 Dec 2003
George Andrew Karolyi and Bong-Chan Kho
Cornell University - SC Johnson College of Business and Seoul National University, Business School

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51.

A Resolution of the Chinese Discount Puzzle

Dice Center Working Paper No. 2003-34
Number of pages: 38 Posted: 31 Dec 2003
George Andrew Karolyi and Lianfa Li
Cornell University - SC Johnson College of Business and China International Capital Corporation
Downloads 518 (114,451)
Citation 32

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Are there too Few Publicly Listed Firms in the US?

Fisher College of Business Working Paper No. 2025-03-005, Charles A. Dice Center Working Paper No. 2025-05 , Cornell SC Johnson College of Business Research Paper, European Corporate Governance Institute – Finance Working Paper No. 1047/2025, HKU Jockey Club Enterprise Sustainability Global Research Institute Paper No. 2025/025
Number of pages: 32 Posted: 03 Mar 2025 Last Revised: 15 Mar 2025
Craig Doidge, George Andrew Karolyi, Kris Shen and René M. Stulz
University of Toronto - Rotman School of Management, Cornell University - SC Johnson College of Business, Ohio State University (OSU) and Ohio State University (OSU) - Department of Finance
Downloads 463 (129,806)

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Stock market listing, New listings, Delistings, Private markets

Are There Too Few Publicly Listed Firms in the Us?

NBER Working Paper No. w33556
Number of pages: 26 Posted: 10 Mar 2025
Craig Doidge, George Andrew Karolyi, Kris Shen and René Stulz
University of Toronto - Rotman School of Management, Cornell University - SC Johnson College of Business, Ohio State University (OSU) and Ohio State University (OSU) - Fisher College of Business
Downloads 4 (1,336,012)
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53.

What is Different About Government-Controlled Acquirers in Cross-Border Deals?

AFA 2011 Denver Meetings Paper
Number of pages: 56 Posted: 17 Mar 2010
Chuan Rose Liao and George Andrew Karolyi
Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick and Cornell University - SC Johnson College of Business
Downloads 456 (133,410)
Citation 2

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Cross-border acquisitions, sovereign acquirers

54.

Financial Globalization and the Rise of IPOs Outside the U.S.

Fisher College of Business Working Paper No. 2012-03-013, Charles A. Dice Center Working Paper No. 2012-13, Rotman School of Management Working Paper No. 2118624
Number of pages: 62 Posted: 29 Jul 2012 Last Revised: 28 Jan 2013
Craig Doidge, George Andrew Karolyi and René M. Stulz
University of Toronto - Rotman School of Management, Cornell University - SC Johnson College of Business and Ohio State University (OSU) - Department of Finance
Downloads 442 (138,615)
Citation 7

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International finance, IPOs, Securities Laws, Corporate governance

55.

The Dynamic Volume-Return Relationship of Individual Stocks: The International Evidence

AFA 2008 New Orleans Meetings Paper
Number of pages: 36 Posted: 08 Mar 2007
Louis Gagnon, George Andrew Karolyi and Kuan-Hui Lee
Queen's University - Smith School of Business, Cornell University - SC Johnson College of Business and Seoul National University Business School
Downloads 442 (138,615)
Citation 5

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Information, Volume, Volume-return relation, Information asymmetry, International finance, International markets

56.

The Ultimate Irrelevance Proposition in Finance?

Number of pages: 40 Posted: 16 Apr 2011
George Andrew Karolyi
Cornell University - SC Johnson College of Business
Downloads 434 (141,510)

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Empirical methods in Finance, significance tests, power of the test

The Coming Wave: Where Do Emerging Market Investors Put Their Money?

Number of pages: 71 Posted: 16 Oct 2015
George Andrew Karolyi, David T. Ng and Eswar S. Prasad
Cornell University - SC Johnson College of Business, Johnson College of Business and Cornell University - Dyson School of Applied Economics and Management
Downloads 179 (350,608)

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Global portfolio allocation, portfolio equity investment, institutional investors, emerging market economies

The Coming Wave: Where Do Emerging Market Investors Put Their Money?

IZA Discussion Paper No. 9405
Number of pages: 73 Posted: 19 Oct 2015 Last Revised: 18 Nov 2021
George Andrew Karolyi, David T. Ng and Eswar S. Prasad
Cornell University - SC Johnson College of Business, Johnson College of Business and Cornell University - Dyson School of Applied Economics and Management
Downloads 80 (648,620)
Citation 6

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institutional investors, portfolio equity investment, global portfolio allocation, emerging market economies

The Coming Wave: Where Do Emerging Market Investors Put Their Money?

NBER Working Paper No. w21661
Number of pages: 72 Posted: 26 Oct 2015 Last Revised: 10 Mar 2023
George Andrew Karolyi, David T. Ng and Eswar S. Prasad
Cornell University - SC Johnson College of Business, Johnson College of Business and Cornell University - Dyson School of Applied Economics and Management
Downloads 49 (836,850)

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58.

What is Different About Government-Controlled Acquirers in Cross-Border Acquisitions?

FEEM Working Paper No. 38.2010, Johnson School Research Paper Series No. 24-2010
Number of pages: 60 Posted: 30 Apr 2010 Last Revised: 11 May 2010
George Andrew Karolyi and Rose C. Liao
Cornell University - SC Johnson College of Business and Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics
Downloads 426 (144,548)
Citation 1

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Government-controlled Acquirers, Cross-Border Acquisitions

59.

Is There a Home Field Advantage in Global Markets?

Journal of Financial Economics (JFE), Vol. 143, 2022
Number of pages: 56 Posted: 13 Nov 2017 Last Revised: 10 May 2024
Murali Jagannathan, Wei Jiao and George Andrew Karolyi
SUNY at Binghamton - School of Management, Rutgers University and Cornell University - SC Johnson College of Business
Downloads 410 (151,161)
Citation 24

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international mutual funds, home-bias, mutual fund flows and performance, information, trust

60.

An Unexpected Test of the Bonding Hypothesis

Johnson School Research Paper Series No. 50-2011, Review of Corporate Finance Studies, Forthcoming
Number of pages: 68 Posted: 21 Nov 2011 Last Revised: 16 Nov 2017
Louis Gagnon and George Andrew Karolyi
Queen's University - Smith School of Business and Cornell University - SC Johnson College of Business
Downloads 410 (151,161)
Citation 8

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Multi-market trading, Cross-listed stocks, Regulatory change

61.

Country Rotation and International Mutual Fund Performance

Number of pages: 96 Posted: 14 Mar 2022 Last Revised: 01 Dec 2024
Wei Jiao, George Andrew Karolyi and David T. Ng
Rutgers University, Cornell University - SC Johnson College of Business and Johnson College of Business
Downloads 283 (226,040)

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Country asset allocation, International investments, International mutual funds

62.

Another Look at Currency Risk in International Stock Returns

Number of pages: 58 Posted: 23 Oct 2017
George Andrew Karolyi and Ying Wu
Cornell University - SC Johnson College of Business and Stevens Institute of Technology - School of Business
Downloads 236 (271,187)
Citation 4

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International Asset Pricing, Currency Risk, Exchange Rates

63.

U.S. Monetary Policy Transmission and Liquidity Risk Premia Around the World

Number of pages: 51 Posted: 12 Jun 2019
George Andrew Karolyi, Kuan-Hui Lee and Mathijs A. van Dijk
Cornell University - SC Johnson College of Business, Seoul National University Business School and Erasmus University Rotterdam (EUR)
Downloads 216 (295,289)
Citation 2

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Monetary policy, liquidity risk premia, cross-border bank credit, portfolio flows

64.

Indirect Robust Estimation of the Short-Term Interest Rate Process

Charles A. Dice Center Working Paper No. 2005-4
Number of pages: 30 Posted: 27 Feb 2005
Veronika Czellar, George Andrew Karolyi and Elvezio Ronchetti
SKEMA Business School, Cornell University - SC Johnson College of Business and University of Geneva - Research Center for Statistics
Downloads 169 (369,574)
Citation 4

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Generalized Method of Moments, Robust estimation, Indirect estimation, interest rates

65.

Understanding the Pricing of Currency Risk in Global Equity Markets

Number of pages: 42 Posted: 13 Sep 2021
George Andrew Karolyi and Ying Wu
Cornell University - SC Johnson College of Business and Stevens Institute of Technology - School of Business
Downloads 163 (381,290)
Citation 9

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International asset pricing, currency risk, exchange rates

66.

A Retrospective Evaluation of the Pacific-Basin Finance Journal: 1993-2002

Dice Center Working Paper No. 2002-9
Number of pages: 35 Posted: 22 Nov 2003
Kalok Chan, George Andrew Karolyi and S. Ghon Rhee
CUHK Business School, Cornell University - SC Johnson College of Business and University of Hawaii at Manoa - Shidler College of Business
Downloads 147 (415,705)

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67.

Racing to the Exits: International Transmissions of Funding Shocks During the Federal Reserve's Taper Experiment

Number of pages: 49 Posted: 11 Jun 2016
George Andrew Karolyi and Kirsty McLaren
Cornell University - SC Johnson College of Business and University of Cambridge - Judge Business School
Downloads 120 (487,835)
Citation 13

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Mutual funds, international capital flows, emerging markets, monetary policy

68.

Global Financial Markets and the Risk Premium on U.S. Equity

NBER Working Paper No. w4074
Number of pages: 42 Posted: 13 Aug 2001 Last Revised: 21 Aug 2022
K.C. Chan, George Andrew Karolyi and René M. Stulz
Hong Kong University of Science & Technology (HKUST) - Department of Finance, Cornell University - SC Johnson College of Business and Ohio State University (OSU) - Department of Finance
Downloads 112 (513,772)
Citation 8

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69.

The Us Equity Valuation Premium, Globalization, and Climate Change Risks

NBER Working Paper No. w27022
Number of pages: 49 Posted: 20 Apr 2020 Last Revised: 03 May 2023
Craig Doidge, George Andrew Karolyi and René Stulz
University of Toronto - Rotman School of Management, Cornell University - SC Johnson College of Business and Ohio State University (OSU) - Fisher College of Business
Downloads 44 (856,673)
Citation 1

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70.

Discussion of 'A Lobbying Approach to Evaluating the Sarbanes-Oxley Act of 2002'

Number of pages: 12 Posted: 29 Apr 2009
George Andrew Karolyi
Cornell University - SC Johnson College of Business
Downloads 35 (936,911)
Citation 1

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71.

An Assessment of Terrorism-Related Investing Strategies

Fisher College of Business Working Paper No. 2007-03-016, Charles A. Dice Center Working Paper No. 2007-15, https://doi.org/10.3905/jpm.2008.709987
Posted: 21 May 2019
George Andrew Karolyi
Cornell University - SC Johnson College of Business

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72.

The Role of Investability Restrictions on Size, Value, and Momentum in International Stock Returns

Johnson School Research Paper Series No. 12-2012
Posted: 22 Apr 2012 Last Revised: 15 Jul 2015
George Andrew Karolyi and Ying Wu
Cornell University - SC Johnson College of Business and Stevens Institute of Technology - School of Business

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International asset pricing, investment restrictions, cross-listed stocks

73.

Huaneng Power International

Posted: 12 Sep 2000
George Andrew Karolyi
Cornell University - SC Johnson College of Business

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74.

Hutchison Whampoa Limited - Yankee Bond Offering

Posted: 30 Jul 1999
George Andrew Karolyi and Rick Johnston
Cornell University - SC Johnson College of Business and Independent

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75.

Ontario Teachers' Pension Plan Board: Value at Risk

Posted: 21 Sep 1998
Stephen R. Foerster and George Andrew Karolyi
University of Western Ontario - Richard Ivey School of Business and Cornell University - SC Johnson College of Business

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76.

Ontario Teachers' Pension Plan Board: Hedging Foreign Currency Exposure

Posted: 21 Sep 1998
Stephen R. Foerster and George Andrew Karolyi
University of Western Ontario - Richard Ivey School of Business and Cornell University - SC Johnson College of Business

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77.

Ontario Teachers' Pension Plan Board: The Asset Allocation Decision

Posted: 18 Sep 1998
Stephen R. Foerster and George Andrew Karolyi
University of Western Ontario - Richard Ivey School of Business and Cornell University - SC Johnson College of Business

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78.

"Ontario Teachers' Pension Plan Board" Trilogy (Ivey Management Services, Inc.)

Posted: 18 Sep 1998
Stephen R. Foerster and George Andrew Karolyi
University of Western Ontario - Richard Ivey School of Business and Cornell University - SC Johnson College of Business

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79.

The Variation of Economic Risk Premiums in Real Estate Returns

Posted: 10 Jun 1998
George Andrew Karolyi and Anthony B. Sanders
Cornell University - SC Johnson College of Business and George Mason University - School of Business

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80.

Time-Varying Risk Premia and the Returns to Buying Winners and Selling Losers: Caveat Emptor Et Venditor

96-2, The Charles A. Dice Center for Research in Financial Economics Working Papers Series
Posted: 18 May 1998
George Andrew Karolyi and Bong-Chan Kho
Cornell University - SC Johnson College of Business and Seoul National University, Business School

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81.

Stock Market Volatility Around Expiration Days in Japan

J. OF DERIVATIVES
Posted: 05 Dec 1996
George Andrew Karolyi
Cornell University - SC Johnson College of Business

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