Rui A. Albuquerque

Boston College, Carroll School of Management

Associate Professor of Finance

140 Commonwealth Avenue

Chestnut Hill, MA 02467-3808

United States

http://sites.google.com/view/ruialbuquerque/home

Centre for Economic Policy Research (CEPR)

London

United Kingdom

European Corporate Governance Institute (ECGI)

Research Associate

c/o the Royal Academies of Belgium

Rue Ducale 1 Hertogsstraat

1000 Brussels

Belgium

  • Boston College, Carroll School of Management

  • European Corporate Governance Institute (ECGI)

SCHOLARLY PAPERS

44

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857

Scholarly Papers (44)

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1.

Corporate Social Responsibility and Firm Risk: Theory and Empirical Evidence

Downloads 4,378 ( 5,032)
Citation 424

Corporate Social Responsibility and Firm Risk: Theory and Empirical Evidence

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 359/2013
Number of pages: 48 Posted: 20 Nov 2011 Last Revised: 19 Jan 2018
Rui A. Albuquerque, Yrjo Koskinen and Chendi Zhang
Boston College, Carroll School of Management, Haskayne School of Business, University of Calgary and University of Exeter Business School
Downloads 3,523 (7,056)
Citation 24

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corporate social responsibility, product differentiation, systematic risk, beta, firm value, industry equilibrium

Corporate Social Responsibility and Firm Risk: Theory and Empirical Evidence

Forthcoming in Management Science, DOI/10.1287/mnsc.2018.3043, WBS Finance Group Research Paper No. 259
Number of pages: 19 Posted: 28 Nov 2018
Rui A. Albuquerque, Yrjo Koskinen and Chendi Zhang
Boston College, Carroll School of Management, Haskayne School of Business, University of Calgary and University of Exeter Business School
Downloads 853 (61,177)
Citation 279

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corporate social responsibility, product differentiation, systemic risk, beta, firm value, industry equilibrium

Corporate Social Responsibility and Firm Risk: Theory and Empirical Evidence

CEPR Discussion Paper No. DP9533
Number of pages: 49 Posted: 09 Jul 2013 Last Revised: 07 Nov 2019
Rui A. Albuquerque, Art Durnev and Yrjo Koskinen
Boston College, Carroll School of Management, University of Iowa - Henry B. Tippie College of Business and Haskayne School of Business, University of Calgary
Downloads 2 (1,388,948)
Citation 121
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beta, corporate social responsibility, firm value, industry equilibrium, product differentiation, systematic risk

2.

Resiliency of Environmental and Social Stocks: An Analysis of the Exogenous COVID-19 Market Crash

European Corporate Governance Institute – Finance Working Paper No. 676/2020
Number of pages: 42 Posted: 24 Apr 2020 Last Revised: 28 Aug 2021
Rui A. Albuquerque, Yrjo Koskinen, Shuai Yang and Chendi Zhang
Boston College, Carroll School of Management, Haskayne School of Business, University of Calgary, University of Calgary - Haskayne School of Business and University of Exeter Business School
Downloads 2,902 (9,711)
Citation 31

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ESG, CSR, COVID-19, market crash, exogenous shock, stock returns, volatility, customer loyalty, investor loyalty

3.

Agency Conflicts, Investment, and Asset Pricing

Downloads 1,226 (37,104)
Citation 7

Agency Conflicts, Investment, and Asset Pricing

Journal of Finance, Vol. 63, 2008, Boston University Questrom School of Business Research Paper No. 2009-3, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 167/2007
Number of pages: 77 Posted: 31 Dec 2004 Last Revised: 04 Dec 2018
Rui A. Albuquerque and Neng Wang
Boston College, Carroll School of Management and Columbia University - Columbia Business School, Finance
Downloads 1,091 (43,370)
Citation 7

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Asset prices, heterogeneous agents, agency, corporate governance, investor protection, volatility, overinvestment

Agency Conflicts, Investment, and Asset Pricing

NBER Working Paper No. w13251
Number of pages: 73 Posted: 13 Jul 2007 Last Revised: 17 Sep 2022
Rui A. Albuquerque and Neng Wang
Boston College, Carroll School of Management and Columbia University - Columbia Business School, Finance
Downloads 109 (546,993)

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Agency Conflicts, Investment and Asset Pricing

CEPR Discussion Paper No. 4955
Number of pages: 62 Posted: 27 Jul 2005
Rui A. Albuquerque and Neng Wang
Boston College, Carroll School of Management and Columbia University - Columbia Business School, Finance
Downloads 26 (1,117,052)
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Asset prices, heterogeneous agents, agency, corporate governance, investor protection, volatility, overinvestment

4.

The Price Effects of Liquidity Shocks: A Study of SEC's Tick-Size Experiment

Downloads 1,114 (42,806)
Citation 12

The Price Effects of Liquidity Shocks: A Study of SEC's Tick-Size Experiment

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 71 Posted: 07 Dec 2017 Last Revised: 07 Apr 2020
Rui A. Albuquerque, Shiyun Song and Chen Yao
Boston College, Carroll School of Management, The Vanguard Group, Inc. and The Chinese University of Hong Kong (CUHK) - CUHK Business School
Downloads 1,047 (45,968)
Citation 5

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tick size pilot, liquidity, information risk, price efficiency, news re- sponse, investor horizon, liquidity risk, liquidity premium, cost of capital, JOBS Act, SEC

The Price Effects of Liquidity Shocks: A Study of Sec's Tick-Size Experiment

Number of pages: 58 Posted: 13 Aug 2018
Rui A. Albuquerque, Shiyun Song and Chen Yao
Boston College, Carroll School of Management, The Vanguard Group, Inc. and The Chinese University of Hong Kong (CUHK) - CUHK Business School
Downloads 63 (771,003)
Citation 2

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The Price Effects of Liquidity Shocks: A Study of SEC's Tick-Size Experiment

CEPR Discussion Paper No. DP12486
Number of pages: 63 Posted: 12 Dec 2017
Rui A. Albuquerque, Shiyun Song and Chen Yao
Boston College, Carroll School of Management, The Vanguard Group, Inc. and The Chinese University of Hong Kong (CUHK) - CUHK Business School
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Citation 5
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information risk, investor horizon, JOBS Act, liquidity, liquidity premium, liquidity risk, news response rate, price efficiency, tick size pilot program

5.

CEO Power, Compensation, and Governance

Downloads 1,077 (44,864)
Citation 1

CEO Power, Compensation, and Governance

Annals of Economics and Finance Vol. 14, 2013, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 324/2012
Number of pages: 44 Posted: 08 Aug 2006 Last Revised: 26 Nov 2018
Rui A. Albuquerque and Jianjun Miao
Boston College, Carroll School of Management and Boston University - Department of Economics
Downloads 1,036 (46,590)
Citation 1

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CEO power, moral hazard, CEO compensation, corporate governance, investor protection

CEO Power, Compensation and Governance

CEPR Discussion Paper No. 5818
Number of pages: 40 Posted: 13 Oct 2006
Rui A. Albuquerque and Jianjun Miao
Boston College, Carroll School of Management and Boston University - Department of Economics
Downloads 41 (949,371)
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CEO power, moral hazard, CEO compensation, investor protection

6.

International Corporate Governance Spillovers: Evidence from Cross-Border Mergers and Acquisitions

Downloads 1,060 (45,851)
Citation 21

International Corporate Governance Spillovers: Evidence from Cross-Border Mergers and Acquisitions

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 390/2014, Darden Business School Working Paper No. 2309117
Number of pages: 66 Posted: 13 Aug 2013 Last Revised: 07 Mar 2018
Rui A. Albuquerque, Luis Brandao-Marques, Miguel A. Ferreira and Pedro Matos
Boston College, Carroll School of Management, International Monetary Fund - Monetary and Capital Markets Department, Nova School of Business and Economics and University of Virginia - Darden School of Business
Downloads 696 (79,932)
Citation 19

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Foreign direct investment, Corporate governance, Cross-border mergers and acquisitions, Spillovers

International Corporate Governance Spillovers: Evidence from Cross-Border Mergers and Acquisitions

Review of Financial Studies Forthcoming, Darden Business School Working Paper No. 3151344
Number of pages: 62 Posted: 02 Apr 2018
Rui A. Albuquerque, Luis Brandao-Marques, Miguel A. Ferreira and Pedro Matos
Boston College, Carroll School of Management, International Monetary Fund - Monetary and Capital Markets Department, Nova School of Business and Economics and University of Virginia - Darden School of Business
Downloads 362 (177,294)
Citation 1

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Foreign direct investment, Corporate governance, Cross-border mergers and acquisitions, Spillovers

International Corporate Governance Spillovers: Evidence from Cross-Border Mergers and Acquisitions

CEPR Discussion Paper No. DP10917
Number of pages: 50 Posted: 04 Nov 2015
Rui A. Albuquerque, Luis Brandao-Marques, Miguel A. Ferreira and Pedro Matos
Boston College, Carroll School of Management, International Monetary Fund - Monetary and Capital Markets Department, Nova School of Business and Economics and University of Virginia - Darden School of Business
Downloads 2 (1,388,948)
Citation 1
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Corporate governance, Cross-border mergers and acquisitions, Foreign direct investment, Spillovers

7.

Skewness in Stock Returns: Reconciling the Evidence on Firm versus Aggregate Returns

Downloads 886 (58,881)
Citation 31

Skewness in Stock Returns: Reconciling the Evidence on Firm versus Aggregate Returns

AFA 2012 Chicago Meetings Paper
Number of pages: 51 Posted: 09 Jun 2010 Last Revised: 16 Mar 2011
Rui A. Albuquerque
Boston College, Carroll School of Management
Downloads 566 (104,185)
Citation 30

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Skewness, market returns, firm returns, announcement events, cross-sectional heterogeneity

Skewness in Stock Returns: Reconciling the Evidence on Firm Versus Aggregate Returns

Review of Financial Studies Vol. 25, 2012
Number of pages: 71 Posted: 31 Mar 2011 Last Revised: 29 Dec 2014
Rui A. Albuquerque
Boston College, Carroll School of Management
Downloads 316 (205,703)
Citation 1

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Skewness, earnings announcements, dividend announcements, cross-sectional heterogeneity

Skewness in Stock Returns: Reconciling the Evidence on Firm Versus Aggregate Returns

CEPR Discussion Paper No. DP7896
Number of pages: 58 Posted: 19 Jul 2010
Rui A. Albuquerque
Boston College, Carroll School of Management
Downloads 4 (1,376,286)
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announcement events, crosssectionalheterogeneity, firm returns, market returns, Skewness

8.

Mutual Fund Trading, Greenwashing, and ESG Clientele

Downloads 861 (61,267)
Citation 8

Mutual Fund Trading, Greenwashing, and ESG Clientele

European Corporate Governance Institute – Finance Working Paper No. 782/2021
Number of pages: 60 Posted: 23 Aug 2021 Last Revised: 26 Mar 2024
Rui A. Albuquerque, Yrjo Koskinen and Raffaele Santioni
Boston College, Carroll School of Management, Haskayne School of Business, University of Calgary and Bank of Italy
Downloads 606 (95,462)
Citation 2

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Environmentalandsocialresponsibility,clienteleeffects,investorhorizon,fund flows, greenwashing

Mutual fund trading, fund flows, and ESG portfolios

Bank of Italy Temi di Discussione (Working Paper) No. 1371
Number of pages: 70 Posted: 07 Jul 2022 Last Revised: 13 May 2025
Rui A. Albuquerque, Yrjo Koskinen and Raffaele Santioni
Boston College, Carroll School of Management, Haskayne School of Business, University of Calgary and Bank of Italy
Downloads 248 (264,991)
Citation 6

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fund flows, COVID-19, ESG, clientele effects, mutual funds, trading

Mutual Fund Trading and ESG Stock Resilience During the Covid-19 Stock Market Crash

CEPR Discussion Paper No. DP16477
Number of pages: 68 Posted: 27 Sep 2021 Last Revised: 29 Mar 2022
Rui A. Albuquerque, Yrjo Koskinen and Raffaele Santioni
Boston College, Carroll School of Management, Haskayne School of Business, University of Calgary and Bank of Italy
Downloads 7 (1,354,533)
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clienteleeâ?µects, Environmentalandsocialresponsibility, Fund flows, investor horizon, Stock Market Crash

9.

Value Creation in Shareholder Activism

Downloads 818 (65,683)
Citation 2

Value Creation in Shareholder Activism

European Corporate Governance Institute – Finance Working Paper No. 685/2020
Number of pages: 74 Posted: 07 Jul 2020 Last Revised: 16 Apr 2021
Rui A. Albuquerque, Vyacheslav Fos and Enrique J. Schroth
Boston College, Carroll School of Management, Boston College - Department of Finance and EDHEC Business School
Downloads 811 (65,402)
Citation 1

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Shareholder activism, Value creation, Passive investors, Stock picking, Schedule 13D, Schedule 13G, Structural estimation

Value Creation in Shareholder Activism: A Structural Approach

CEPR Discussion Paper No. DP14995
Number of pages: 86 Posted: 28 Jul 2020 Last Revised: 07 Sep 2020
Rui A. Albuquerque, Vyacheslav Fos and Enrique J. Schroth
Boston College, Carroll School of Management, Boston College - Department of Finance and EDHEC Business School
Downloads 7 (1,354,533)
Citation 1
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Passive investors, Shareholder activism, Stock picking, structural estimation, value creation

10.

Liquidity Provision in the Secondary Market for Private Equity Fund Stakes

Number of pages: 61 Posted: 06 Jun 2018 Last Revised: 20 Nov 2018
Rui A. Albuquerque, Johan Cassel, Ludovic Phalippou and Enrique J. Schroth
Boston College, Carroll School of Management, Vanderbilt University - Owen Graduate School of Management, University of Oxford - Said Business School and EDHEC Business School
Downloads 780 (69,907)
Citation 6

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Private Equity, Secondary Markets, Liquidity, Liquidity Premium, Net Asset values

11.

Optimal Currency Hedging

Global Finance Journal, Vol. 18, 2007
Number of pages: 29 Posted: 21 Sep 1999 Last Revised: 29 Dec 2014
Rui A. Albuquerque
Boston College, Carroll School of Management
Downloads 773 (70,744)
Citation 3

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Currency hedging, forwards, options, bankruptcy costs, taxes, loss aversion, downside risk

12.

The Composition of International Capital Flows: Risk Sharing Through Foreign Direct Investment

Journal of International Economics, Vol. 61, 2003
Number of pages: 40 Posted: 18 Feb 2000 Last Revised: 29 Dec 2014
Rui A. Albuquerque
Boston College, Carroll School of Management
Downloads 719 (77,831)
Citation 33

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Foreign direct investment, intangible assets, volatility, risk sharing, imperfect enforcement, financing constraints, default risk, country risk

13.

Incentive Pay and Systemic Risk

Downloads 670 (85,143)
Citation 23

Incentive Pay and Systemic Risk

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 490/2016
Number of pages: 48 Posted: 20 Nov 2016 Last Revised: 29 Aug 2018
Rui A. Albuquerque, Luis M. B. Cabral and José Correia Guedes
Boston College, Carroll School of Management, New York University (NYU) - Leonard N. Stern School of Business - Department of Economics and Catholic University of Portugal (UCP) - Faculty of Economic Science and Business Studies
Downloads 526 (114,304)
Citation 21

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Systemic risk, bank regulation, relative performance evaluation, optimal contracts

Incentive Pay and Systemic Risk

Number of pages: 41 Posted: 03 Jun 2017 Last Revised: 10 May 2018
Rui A. Albuquerque, Luis M. B. Cabral and Jose Guedes
Boston College, Carroll School of Management, New York University (NYU) - Leonard N. Stern School of Business - Department of Economics and Universidade Católica Portuguesa
Downloads 144 (437,722)
Citation 1

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Relative Performance, Banker Compensation, and Systemic Risk

CEPR Discussion Paper No. DP11693
Number of pages: 47 Posted: 12 Dec 2016 Last Revised: 06 Nov 2017
Rui A. Albuquerque, Luis M. B. Cabral and Jose Guedes
Boston College, Carroll School of Management, New York University (NYU) - Leonard N. Stern School of Business - Department of Economics and Universidade Católica Portuguesa
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Citation 1
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14.

Valuation Risk and Asset Pricing

Downloads 667 (85,624)
Citation 14

Valuation Risk and Asset Pricing

Journal of Finance 71, 2861-2903, 2016
Number of pages: 63 Posted: 10 Jun 2014 Last Revised: 04 Jan 2017
Rui A. Albuquerque, Martin Eichenbaum, Victor Xi Luo and Sergio T. Rebelo
Boston College, Carroll School of Management, Northwestern University, Northwestern Universityaffiliation not provided to SSRN and Northwestern University - Kellogg School of Management
Downloads 618 (93,136)
Citation 3

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Equity premium, bond yields, risk premium

Valuation Risk and Asset Pricing

NBER Working Paper No. w18617
Number of pages: 71 Posted: 15 Dec 2012 Last Revised: 15 May 2023
Rui A. Albuquerque, Martin Eichenbaum and Sergio T. Rebelo
Boston College, Carroll School of Management, Northwestern University and Northwestern University - Kellogg School of Management
Downloads 49 (875,954)
Citation 11

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Valuation Risk and Asset Pricing

CEPR Discussion Paper No. DP9262
Posted: 01 Feb 2013
Rui A. Albuquerque, Martin Eichenbaum and Sergio T. Rebelo
Boston College, Carroll School of Management, Northwestern University and Northwestern University - Kellogg School of Management

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bond yields, Equity premium, risk premium

15.

The Determinants of the Block Premium and of Private Benefits of Control

ECGI - Finance Working Paper No. 202/2008, Swiss Finance Institute Research Paper No. 08-21
Number of pages: 72 Posted: 04 Mar 2008 Last Revised: 18 Nov 2014
Rui A. Albuquerque and Enrique J. Schroth
Boston College, Carroll School of Management and EDHEC Business School
Downloads 647 (89,011)
Citation 4

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block pricing, block trades, control transactions, private benefits of control, market rule, mandatory bid rule, structural estimation

16.

Trade Credit and Cross-Country Predictable Firm Returns

Downloads 639 (90,459)
Citation 17

Trade Credit and Cross-Country Predictable Firm Returns

Journal of Financial Economics Vol. 115, 592-613, 2015.
Number of pages: 46 Posted: 23 Jan 2011 Last Revised: 20 Aug 2015
Rui A. Albuquerque, Tarun Ramadorai and Sumudu W. Watugala
Boston College, Carroll School of Management, Imperial College London and Indiana University - Kelley School of Business - Department of Finance
Downloads 633 (90,364)
Citation 17

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international equity markets, trade credit, information asymmetry, customer-supplier relations, predictability

Trade Credit and International Return Comovement

CEPR Discussion Paper No. DP8222
Number of pages: 47 Posted: 09 Feb 2011
Rui A. Albuquerque, Tarun Ramadorai and Sumudu W. Watugala
Boston College, Carroll School of Management, Imperial College London and Indiana University - Kelley School of Business - Department of Finance
Downloads 6 (1,362,595)
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asymmetric information, international stock return comovement, rebalancing trades, trade credit

17.

Citizens United vs. FEC and Corporate Political Activism

Downloads 629 (92,315)
Citation 7

Citizens United vs. FEC and Corporate Political Activism

Journal of Corporate Finance, Vol. 60, No. 101547, 2020, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 470/2016
Number of pages: 52 Posted: 04 Mar 2015 Last Revised: 07 Jan 2022
Rui A. Albuquerque, Zicheng Lei, Jörg Rocholl and Chendi Zhang
Boston College, Carroll School of Management, King's College London, ESMT European School of Management and Technology and University of Exeter Business School
Downloads 623 (92,183)
Citation 7

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Corporate political activism, political connections, Citizens United, stock returns.

Institutional Investors and Corporate Political Activism

CEPR Discussion Paper No. DP11301
Number of pages: 54 Posted: 01 Jun 2016
Rui A. Albuquerque, Zicheng Lei, Jörg Rocholl and Chendi Zhang
Boston College, Carroll School of Management, King's College London, ESMT European School of Management and Technology and University of Exeter Business School
Downloads 6 (1,362,595)
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Institutional Investors and Corporate Political Activism

CEPR Discussion Paper No. DP10916
Number of pages: 53 Posted: 04 Nov 2015
Rui A. Albuquerque, Zicheng Lei, Jörg Rocholl and Chendi Zhang
Boston College, Carroll School of Management, King's College London, ESMT European School of Management and Technology and University of Exeter Business School
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Citizens United, Corporate Governance, Institutional Investors, Political Activism

18.

Economic News and International Stock Market Co-Movement

Downloads 588 (100,650)
Citation 2

Economic News and International Stock Market Co-Movement

EFA 2006 Zurich Meetings
Number of pages: 64 Posted: 03 Mar 2006
Clara Vega and Rui A. Albuquerque
Board of Governors of the Federal Reserve System and Boston College, Carroll School of Management
Downloads 311 (209,300)

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Private information, public news announcements, information spillovers, international equity returns, contagion

Economic News and International Stock Market Co-Movement

Review of Finance Vol. 13, 2009, EFA 2006 Zurich Meetings
Number of pages: 66 Posted: 03 Jun 2008 Last Revised: 29 Dec 2014
Clara Vega and Rui A. Albuquerque
Board of Governors of the Federal Reserve System and Boston College, Carroll School of Management
Downloads 277 (236,739)
Citation 2

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Private information, public news announcements, information spillovers, international equity returns, contagion

Economic News and International Stock Market Co-Movement

Review of Finance, Vol. 13, Issue 3, pp. 401-465, 2009
Posted: 18 Aug 2009
Rui A. Albuquerque and Clara Vega
Boston College, Carroll School of Management and Board of Governors of the Federal Reserve System

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F3, G12, G14, G15

19.

The Value of Control and the Costs of Illiquidity

Downloads 578 (102,873)
Citation 8

The Value of Control and the Costs of Illiquidity

Journal of Finance vol. 70, 1405-1455, 2015, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 357/2012
Number of pages: 77 Posted: 04 Aug 2012 Last Revised: 26 Nov 2018
Rui A. Albuquerque and Enrique J. Schroth
Boston College, Carroll School of Management and EDHEC Business School
Downloads 569 (103,556)
Citation 8

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Control transactions, search frictions, marketability discount, illiquidity spillover, corporate governance

The Value of Control and the Costs of Illiquidity

CEPR Discussion Paper No. DP9090
Number of pages: 67 Posted: 28 Sep 2012
Rui A. Albuquerque and Enrique J. Schroth
Boston College, Carroll School of Management and EDHEC Business School
Downloads 9 (1,335,575)
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control discount, Control transactions, corporate governance, illiquidity spillover, marketability discount, search frictions

20.

Characterizing Asymmetric Information in International Equity Markets

Simon School of Business Working Paper No. FR 02-07; EFA 2002 Berlin Meetings Presented Paper
Number of pages: 53 Posted: 22 Mar 2002
Rui A. Albuquerque, Gregory H. Bauer and Martin Schneider
Boston College, Carroll School of Management, University of Rochester - Simon School and Independent
Downloads 570 (104,692)
Citation 6

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Private information, asymmetric information, portfolio choice, international equity fows and returns, home bias.

21.

Quantifying Private Benefits of Control from a Structural Model of Block Trades

Downloads 552 (108,910)
Citation 8

Quantifying Private Benefits of Control from a Structural Model of Block Trades

Journal of Financial Economics (JFE), Vol. 96, No. 1, 2010, ECGI - Finance Working Paper No. 202/2008
Number of pages: 54 Posted: 15 Aug 2009 Last Revised: 28 Nov 2013
Rui A. Albuquerque and Enrique J. Schroth
Boston College, Carroll School of Management and EDHEC Business School
Downloads 537 (111,389)
Citation 1

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block pricing, block trades, control transactions, deadweight loss, private benefits of control and structural estimation

Quantifying Private Benefits of Control from a Structural Model of Block Trades

CEPR Discussion Paper No. DP7358
Number of pages: 56 Posted: 26 Aug 2009
Rui A. Albuquerque and Enrique J. Schroth
Boston College, Carroll School of Management and EDHEC Business School
Downloads 15 (1,263,148)
Citation 7
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Block pricing, block trades, control transactions, deadweight loss, private benefits of control, structural estimation

22.

Price Elasticity of Demand and Risk-Bearing Capacity in Sovereign Bond Auctions

Downloads 549 (109,699)

Price Elasticity of Demand and Risk-Bearing Capacity in Sovereign Bond Auctions

Number of pages: 56 Posted: 15 Apr 2022 Last Revised: 16 Feb 2024
Rui A. Albuquerque, José‐Miguel Cardoso‐Costa and José Afonso Faias
Boston College, Carroll School of Management, Banco de Portugal and Catholic University of Portugal (UCP)
Downloads 548 (108,513)

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Demand elasticity, risk-bearing capacity, price pressure, market liquidity, sovereign bond auctions, supply shocks, European Central Bank, dealers, COVID-19

Price Elasticity of Demand and Risk-Bearing Capacity in Sovereign Bond Auctions

CEPR Discussion Paper No. DP17095
Number of pages: 52 Posted: 02 Apr 2022
Rui A. Albuquerque, José‐Miguel Cardoso‐Costa and Jose Faias
Boston College, Carroll School of Management, Banco de Portugal and Universidade Católica Portugesa
Downloads 1 (1,397,625)
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COVID-19, demand elasticity, market liquidity, Price pressure, primary dealers, risk-bearing capacity, sovereign bond auctions, Supply Shocks

23.

Optimal Dynamic Lending Contracts with Imperfect Enforceability

AFA 2001 New Orleans Meetings; Rochester Ctr for Economic Research Paper No. 439; and Simon School of Business Working Paper FR 00-10
Number of pages: 45 Posted: 14 Sep 1998
Rui A. Albuquerque and Hugo A. Hopenhayn
Boston College, Carroll School of Management and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 462 (135,459)
Citation 15

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Financial constraints, imperfect enforcement, long term debt, capital structure, firm dynamics.

24.

Optimal Lending Contracts and Firm Dynamics

Review of Economic Studies Vol. 71, 2004
Number of pages: 44 Posted: 06 Sep 2001 Last Revised: 29 Dec 2014
Rui A. Albuquerque and Hugo A. Hopenhayn
Boston College, Carroll School of Management and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 460 (136,150)
Citation 94

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Financial constraints, imperfect enforcement, firm dynamics, capital structure, debt maturity

25.

Investment Analysis of Autocallable Contingent Income Securities

Financial Analysts Journal, Vol. 71, pp. 61–83, May/June 2015.
Number of pages: 52 Posted: 21 Mar 2014 Last Revised: 06 Aug 2015
Rui A. Albuquerque, Raquel M. Gaspar and Allen Michel
Boston College, Carroll School of Management, ISEG and Cemapre/REM, Universidade de Lisboa and Boston University, Questrom School of Business
Downloads 453 (138,695)

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26.

World Market Integration Through the Lens of Foreign Direct Investors

Downloads 447 (140,935)
Citation 23

World Market Integration Through the Lens of Foreign Direct Investors

Number of pages: 57 Posted: 10 Feb 2003
Rui A. Albuquerque, Norman Loayza and Luis Servén
Boston College, Carroll School of Management, World Bank - Research Department and CEMFI
Downloads 367 (174,608)
Citation 23

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Capital Market Integration, Emerging Economies, Global Factors, Foreign Direct Investment

World Market Integration Through the Lens of Foreign Direct Investors

Journal of International Economics, Vol. 66, 2005
Number of pages: 40 Posted: 30 Dec 2014
Rui A. Albuquerque, Norman Loayza and Luis Servén
Boston College, Carroll School of Management, World Bank - Research Department and CEMFI
Downloads 80 (673,107)

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Capital market integration, emerging economies, global factors, foreign direct investment

27.

Advance Information and Asset Prices

Downloads 429 (147,762)
Citation 12

Advance Information and Asset Prices

Journal of Economic Theory, Vol. 149, 2014
Number of pages: 55 Posted: 24 Feb 2008 Last Revised: 20 Aug 2015
Rui A. Albuquerque and Jianjun Miao
Boston College, Carroll School of Management and Boston University - Department of Economics
Downloads 271 (242,198)
Citation 3

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advance information, rational expectations equilibrium, momentum and reversal effects

Advance Information and Asset Prices

Number of pages: 59 Posted: 17 Mar 2008 Last Revised: 05 Nov 2019
Rui A. Albuquerque and Jianjun Miao
Boston College, Carroll School of Management and Boston University - Department of Economics
Downloads 151 (420,909)
Citation 4

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advance information, momentum and reversal effects, rational expectations equilibrium

Advance Information and Asset Prices

CEPR Discussion Paper No. DP6588
Number of pages: 60 Posted: 09 Jun 2008
Rui A. Albuquerque and Jianjun Miao
Boston College, Carroll School of Management and Boston University - Department of Economics
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advance information, momentum and reversal effects, overreaction, rational expectations equilibrium, underreaction

28.

Long-Run Bulls and Bears

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Citation 7

Long-Run Bulls and Bears

Journal of Monetary Economics, 76, S21-S36, 2015.
Number of pages: 38 Posted: 30 Dec 2014 Last Revised: 10 Feb 2017
Rui A. Albuquerque, Martin Eichenbaum, Dimitris Papanikolaou and Sergio T. Rebelo
Boston College, Carroll School of Management, Northwestern University, Kellogg School of Management - Department of Finance and Northwestern University - Kellogg School of Management
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Stock market returns

Long-Run Bulls and Bears

NBER Working Paper No. w20858
Number of pages: 39 Posted: 20 Jan 2015 Last Revised: 30 Jun 2023
Rui A. Albuquerque, Martin Eichenbaum, Dimitris Papanikolaou and Sergio T. Rebelo
Boston College, Carroll School of Management, Northwestern University, Kellogg School of Management - Department of Finance and Northwestern University - Kellogg School of Management
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Long-Run Bulls and Bears

CEPR Discussion Paper No. DP10351
Number of pages: 39 Posted: 23 Jan 2015
Rui A. Albuquerque, Martin Eichenbaum, Dimitris Papanikolaou and Sergio T. Rebelo
Boston College, Carroll School of Management, Northwestern University, Kellogg School of Management - Department of Finance and Northwestern University - Kellogg School of Management
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stock market returns

29.

International Equity Flows and Returns: A Quantitative Equilibrium Approach

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International Equity Flows and Returns: A Quantitative Equilibrium Approach

European Central Bank (ECB) Research Paper Series, Forthcoming
Number of pages: 52 Posted: 18 May 2004
Rui A. Albuquerque, Gregory H. Bauer and Martin Schneider
Boston College, Carroll School of Management, University of Rochester - Simon School and Independent
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Asymmetric information, heterogenous investors, asset pricing, international equity flows, international equity returns.

International Equity Flows and Returns: A Quantitative Equilibrium Approach

Review of Economic Studies Vol. 74, 2007
Number of pages: 42 Posted: 30 Dec 2014
Rui A. Albuquerque, Gregory H. Bauer and Martin Schneider
Boston College, Carroll School of Management, University of Rochester - Simon School and Independent
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Asymmetric information, heterogeneous investors, asset pricing, international equity flows, international equity returns

International Equity Flows and Returns: A Quantitative Equilibrium Approach

CEPR Discussion Paper No. 5159
Number of pages: 55 Posted: 18 Aug 2005
Rui A. Albuquerque, Gregory H. Bauer and Martin Schneider
Boston College, Carroll School of Management, University of Rochester - Simon School and Independent
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Citation 2
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Asymmetric information, heterogenous investors, asset pricing, international equity flows, international equity returns

30.

The Forward Premium Puzzle in a Model of Imperfect Information: Theory and Evidence

Economics Letters, Vol. 99, 2008
Number of pages: 8 Posted: 31 Aug 1998 Last Revised: 28 Dec 2014
Rui A. Albuquerque
Boston College, Carroll School of Management
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Forward premium puzzle, imperfect information, Kalman filter, fixed effects, conditional heteroskedasticity

31.

Marketwide Private Information in Stocks: Forecasting Currency Returns

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Citation 3

Marketwide Private Information in Stocks: Forecasting Currency Returns

Journal of Finance, Vol. 63, 2008
Number of pages: 67 Posted: 01 Mar 2006 Last Revised: 28 Dec 2014
Rui A. Albuquerque, Eva de Francisco and Luis Brandao-Marques
Boston College, Carroll School of Management, Congressional Budget Office (CBO) - Macroeconomic Analysis Division and International Monetary Fund - Monetary and Capital Markets Department
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Marketwide private information, firm-specific private information, order flow, principal components, currency returns, equity returns

Marketwide Private Information in Stocks: Forecasting Currency Returns

CEPR Discussion Paper No. 5604
Number of pages: 49 Posted: 05 Jul 2006
Rui A. Albuquerque, Eva de Francisco and Luis Brandao-Marques
Boston College, Carroll School of Management, Congressional Budget Office (CBO) - Macroeconomic Analysis Division and International Monetary Fund - Monetary and Capital Markets Department
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Marketwide private information, firm-specific private information, order flow, principal components, currency returns, equity returns

32.

Global Private Information in International Equity Markets

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Citation 22

Global Private Information in International Equity Markets

Journal of Financial Economics (JFE), Vol. 94, 2009
Number of pages: 61 Posted: 08 Aug 2006 Last Revised: 28 Dec 2014
Rui A. Albuquerque, Gregory H. Bauer and Martin Schneider
Boston College, Carroll School of Management, University of Rochester - Simon School and Independent
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Private information, global private information, asymmetric information, portfolio choice, international equity flows and returns, home bias, return chasing

Global Private Information in International Equity Markets

CEPR Discussion Paper No. 5819
Number of pages: 56 Posted: 23 Oct 2006
Rui A. Albuquerque, Gregory H. Bauer and Martin Schneider
Boston College, Carroll School of Management, University of Rochester - Simon School and Independent
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Private information, global private information, asymmetric information, portfolio choice, international equity flows and returns, home bias, return chasing

33.

How Large Is the Pay Premium From Executive Incentive Compensation?

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How Large Is the Pay Premium From Executive Incentive Compensation?

The Accounting Review, Forthcoming , European Corporate Governance Institute – Finance Working Paper 697/2020, Boston University Questrom School of Business Research Paper No. 4758330
Number of pages: 56 Posted: 28 Mar 2024
Ana M. Albuquerque, Rui A. Albuquerque, Mary Ellen Carter and Qi (Flora) Dong
Boston University - Questrom School of Business, Boston College, Carroll School of Management, Boston College - Department of Accounting and Kennesaw State University
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CEO pay, volatility of pay premium, incentive pay, contract theory, Incentive Lab

Are CEOS Paid Extra for Riskier Pay Packages?

CEPR Discussion Paper No. DP15243
Number of pages: 64 Posted: 12 Sep 2020 Last Revised: 08 Nov 2023
Ana M. Albuquerque, Rui A. Albuquerque, Mary Ellen Carter and Qi (Flora) Dong
Boston University - Questrom School of Business, Boston College, Carroll School of Management, Boston College - Department of Accounting and Kennesaw State University
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34.

Blockholder Illiquidity, Marketability Discounts, and Stock Price Discounts

Number of pages: 40 Posted: 06 Aug 2009
Rui A. Albuquerque and Enrique J. Schroth
Boston College, Carroll School of Management and EDHEC Business School
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35.

Skewness in Stock Returns, Periodic Cash Payouts, and Investor Heterogeneity

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Skewness in Stock Returns, Periodic Cash Payouts, and Investor Heterogeneity

Number of pages: 53 Posted: 17 Nov 2009 Last Revised: 30 Mar 2011
Rui A. Albuquerque
Boston College, Carroll School of Management
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Skewness, investor heterogeneity, period cash payouts, turnover

Skewness in Stock Returns, Periodic Cash Payouts, and Investor Heterogeneity

CEPR Discussion Paper No. DP7573
Number of pages: 49 Posted: 11 Jan 2010
Rui A. Albuquerque
Boston College, Carroll School of Management
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investor heterogeneity, periodic cash payouts, Skewness, turnover

36.

Market Timing, Farmer Expectations, and Liquidity Constraints

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Market Timing, Farmer Expectations, and Liquidity Constraints

Number of pages: 47 Posted: 08 Jun 2021 Last Revised: 16 Feb 2024
Rui A. Albuquerque, Bruno Araujo, Luis Brandao-Marques, Gerivásia Mosse, Pippy Vletter and Helder Zavale
Boston College, Carroll School of Management, Eduardo Mondlane University (UEM), International Monetary Fund - Monetary and Capital Markets Department, Eduardo Mondlane University (UEM), Cooperative League of the United States of America and Eduardo Mondlane University (UEM)
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Liquidity constraints, price expectations, product-market timing, storage conditions

Market Timing, Farmer Expectations, and Liquidity Constraints

CEPR Discussion Paper No. DP16220
Number of pages: 51 Posted: 14 Jul 2021
Rui A. Albuquerque, Luis Brandao-Marques, Bruno Araujo, Pippy Vletter, Gerivásia Mosse and Helder Zavale
Boston College, Carroll School of Management, International Monetary Fund - Monetary and Capital Markets Department, Eduardo Modelane University, Cooperative League of the United States of America, The International Center for Water Economics and Governance in Africa (IWEGA) and Eduardo Mondlane University (UEM)
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37.

On the Dynamics of Trade Reform

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On the Dynamics of Trade Reform

NBER Working Paper No. w6700
Number of pages: 44 Posted: 03 Sep 1998 Last Revised: 24 Apr 2022
Rui A. Albuquerque and Sergio T. Rebelo
Boston College, Carroll School of Management and Northwestern University - Kellogg School of Management
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On the Dynamics of Trade Reform

Journal of International Economics, Vol. 51, 2000
Number of pages: 28 Posted: 30 Dec 2014
Rui A. Albuquerque and Sergio T. Rebelo
Boston College, Carroll School of Management and Northwestern University - Kellogg School of Management
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38.

Private Credit: Risks and Benefits of a Maturity Wall

Number of pages: 48 Posted: 18 Apr 2025
Adam Zawadowski and Rui A. Albuquerque
Central European University and Boston College, Carroll School of Management
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private credit, maturity wall, incentives, inefficient liquidation, bank loans, bank balance sheets, systemic risk JEL Classification: G21, G23, G28

39.

Comment on: 'Optimal Taxation in the Presence of Bailouts'

Journal of Monetary Economics, Vol. 57, 2010
Number of pages: 8 Posted: 07 Jan 2015
Rui A. Albuquerque
Boston College, Carroll School of Management
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bailouts, taxes, labor income

40.

Love in the Time of COVID-19: The Resiliency of Environmental and Social Stocks

CEPR Discussion Paper No. DP14661
Number of pages: 32 Posted: 08 May 2020
Rui A. Albuquerque, Yrjo Koskinen, Shuai Yang and Chendi Zhang
Boston College, Carroll School of Management, Haskayne School of Business, University of Calgary, University of Calgary - Haskayne School of Business and University of Exeter Business School
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COVID-19, Customer loyalty, ESG, market crash, Stock returns, trading volume, volatility

41.

A Contribution to the EU's Economic Governance Review: The Importance of Strong National Fiscal Councils

Lusiada. Economia & Empresa, HKU Jockey Club Enterprise Sustainability Global Research Institute - Archive
Number of pages: 20 Posted: 18 Feb 2025 Last Revised: 06 May 2025
Luis Brandao-Marques, Rui A. Albuquerque and Carlos Costa
International Monetary Fund - Monetary and Capital Markets Department, Boston College, Carroll School of Management and affiliation not provided to SSRN
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European Union, Fiscal policy, Fiscal rules, Independent fiscal institutions

42.

Asymmetric Information in the Stock Market: Economic News and Co-Movement

CEPR Discussion Paper No. 5598
Number of pages: 74 Posted: 29 Jun 2006
Clara Vega and Rui A. Albuquerque
Board of Governors of the Federal Reserve System and Boston College, Carroll School of Management
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Private information, public news announcements, information spillovers, international equity returns, contagion

43.

Strategic Leadership in Corporate Social Responsibility

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Strategic Leadership in Corporate Social Responsibility

CEPR Discussion Paper No. DP16564
Number of pages: 30 Posted: 22 Sep 2021 Last Revised: 09 Nov 2021
Rui A. Albuquerque and Luis M. B. Cabral
Boston College, Carroll School of Management and New York University (NYU) - Leonard N. Stern School of Business - Department of Economics
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clean-energy technology, commitment, Corporate social responsibility, Externalities, leadership, mission statement, stakeholder model, stockholder model, Supply Chain, Wage setting

Strategic Corporate Purpose

European Corporate Governance Institute – Finance Working Paper No. 788/2021
Posted: 24 Sep 2021 Last Revised: 09 Apr 2024
Rui A. Albuquerque and Luis M. B. Cabral
Boston College, Carroll School of Management and New York University (NYU) - Leonard N. Stern School of Business - Department of Economics
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Leadership, corporate social responsibility, shareholder model, stakeholder model, externalities, mission statement, competition policy, sustainability agreements.

44.

Determinants of the Block Premium and of Private Benefits of Control

CEPR Discussion Paper No. DP6742
Number of pages: 69 Posted: 12 Jun 2008
Rui A. Albuquerque and Enrique J. Schroth
Boston College, Carroll School of Management and EDHEC Business School
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Block pricing, block trades, control transactions, mandatory bid rule, market rule, private benefits of control, structural estimation