Norman Schuerhoff

Swiss Finance Institute - HEC Lausanne

Chavannes-près-Renens

Switzerland

SCHOLARLY PAPERS

28

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Scholarly Papers (28)

1.
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Citation 4

Nonstandard Errors

Journal of Finance, Volume 79, Issue 3, June 2024, Pages 2339-2390.
Number of pages: 52 Posted: 23 Nov 2021 Last Revised: 15 May 2024
Albert J. Menkveld, Anna Dreber, Felix Holzmeister, Juergen Huber, Magnus Johannesson, Michael Kirchler, Michael Razen, Utz Weitzel, David Abad, Menachem (Meni) Abudy, Tobias Adrian, Yacine Ait-Sahalia, Olivier Akmansoy, Jamie Alcock, Vitali Alexeev, Arash Aloosh, Livia Amato, Diego Amaya, James Angel, Amadeus Bach, Edwin Baidoo, Gaetan Bakalli, Andrea Barbon, Oksana Bashchenko, Parampreet Christopher Bindra, Geir Hoidal Bjonnes, Jeff Black, Bernard S. Black, Santiago Bohorquez, Oleg Bondarenko, Charles S. Bos, Ciril Bosch-Rosa, Elie Bouri, Christian T. Brownlees, Anna Calamia, Viet Nga Cao, Gunther Capelle-Blancard, Laura Capera, Massimiliano Caporin, Allen Carrion, Tolga Caskurlu, Bidisha Chakrabarty, Mikhail Chernov, William M. Cheung, Ludwig B. Chincarini, Tarun Chordia, Sheung Chi Chow, Benjamin Clapham, Jean-Edouard Colliard, Carole Comerton-Forde, Edward Curran, Thong Dao, Wale Dare, Ryan J. Davies, Riccardo De Blasis, Gianluca De Nard, Fany Declerck, Oleg Deev, Hans Degryse, Solomon Deku, Christophe Desagre, Mathijs A. van Dijk, Chukwuma Dim, Thomas Dimpfl, Yunjiang Dong, Philip Drummond, Tom L. Dudda, Ariadna Dumitrescu, Teodor Dyakov, Anne Haubo Dyhrberg, Michał Dzieliński, Asli Eksi, Izidin El Kalak, Saskia ter Ellen, Nicolas Eugster, Martin D.D. Evans, Michael Farrell, Ester Félez-Viñas, Gerardo Ferrara, El Mehdi FERROUHI, Andrea Flori, Jonathan Fluharty-Jaidee, Sean Foley, Kingsley Y. L. Fong, Thierry Foucault, Tatiana Franus, Francesco A. Franzoni, Bart Frijns, Michael Frömmel, Servanna Mianjun Fu, Sascha Füllbrunn, Baoqing Gan, Thomas Gehrig, Dirk Gerritsen, Javier Gil-Bazo, Lawrence R. Glosten, Thomas Gomez, Arseny Gorbenko, Ufuk Güçbilmez, Joachim Grammig, Vincent Gregoire, Björn Hagströmer, Julien Hambuckers, Erik Hapnes, Jeffrey H. Harris, Lawrence Harris, Simon Hartmann, Jean-Baptiste Hasse, Nikolaus Hautsch, Xuezhong He, Davidson Heath, Simon Hediger, Terrence Hendershott, Ann Marie Hibbert, Erik Hjalmarsson, Seth A. Hoelscher, Peter Hoffmann, Craig W. Holden, Alex R. Horenstein, Wenqian Huang, Da Huang, Christophe Hurlin, Alexey Ivashchenko, Subramanian R. Iyer, Hossein Jahanshahloo, Naji Jalkh, Charles M. Jones, Simon Jurkatis, Petri Jylha, Andreas Kaeck, Gabriel Kaiser, Arzé Karam, Egle Karmaziene, Bernhard Kassner, Markku Kaustia, Ekaterina Kazak, Fearghal Kearney, Vincent van Kervel, Saad Khan, Marta Khomyn, Tony Klein, Olga Klein, Alexander Klos, Michael Koetter, Jan Pieter Krahnen, Aleksey Kolokolov, Robert A. Korajczyk, Roman Kozhan, Amy Kwan, Quentin Lajaunie, FY Eric C Lam, Marie Lambert, Hugues Langlois, Jens Lausen, Tobias Lauter, Markus Leippold, Vladimir Levin, Yijie Li, (Michael) Hui Li, Chee Yoong Liew, Thomas Lindner, Oliver B. Linton, Jiacheng Liu, Anqi Liu, Guillermo Llorente, Matthijs Lof, Ariel Lohr, Francis A. Longstaff, Alejandro Lopez-Lira, Shawn Mankad, Nicola Mano, Alexis Marchal, Charles Martineau, Francesco Mazzola, Debrah Meloso, Roxana Mihet, Vijay Mohan, Sophie Moinas, David Moore, Liangyi Mu, Dmitriy Muravyev, Dermot Murphy, Gabor Neszveda, Christian Neumeier, Ulf Nielsson, Mahendrarajah Nimalendran, Sven Nolte, Lars L. Norden, Peter O'Neill, Khaled Obaid, Bernt Arne Ødegaard, Per Östberg, Marcus Painter, Stefan Palan, Imon Palit, Andreas Park, Roberto Pascual, Paolo Pasquariello, Lubos Pastor, Vinay Patel, Andrew J. Patton, Neil D. Pearson, Loriana Pelizzon, Matthias Pelster, Christophe Pérignon, Cameron Pfiffer, Richard Philip, Tomáš Plíhal, Puneet Prakash, Oliver-Alexander Press, Tina Prodromou, Tālis J. Putniņš, Gaurav Raizada, David A. Rakowski, Angelo Ranaldo, Luca Regis, Stefan Reitz, Thomas Renault, Rex Wang Renjie, Roberto Renò, Steven Riddiough, Kalle Rinne, Paul Rintamäki, Ryan Riordan, Thomas Rittmannsberger, Iñaki Rodríguez-Longarela, Dominik Rösch, Lavinia Rognone, Brian Roseman, Ioanid Rosu, Saurabh Roy, Nicolas Rudolf, Stephen Rush, Khaladdin Rzayev, Aleksandra Rzeźnik, Anthony Sanford, Harikumar Sankaran, Asani Sarkar, Lucio Sarno, O. Scaillet, Stefan Scharnowski, Klaus Reiner Schenk-Hoppé, Andrea Schertler, Michael Schneider, Florian Schroeder, Norman Schuerhoff, Philipp Schuster, Marco A. Schwarz, Mark S. Seasholes, Norman Seeger, Or Shachar, Andriy Shkilko, Jessica Shui, Mario Sikic, Giorgia Simion, Lee A. Smales, Paul Söderlind, Elvira Sojli, Konstantin Sokolov, Laima Spokeviciute, Denitsa Stefanova, Marti G. Subrahmanyam, Sebastian Neusüss, Barnabas Szaszi, Oleksandr Talavera, Yuehua Tang, Nicholas Taylor, Wing Wah Tham, Erik Theissen, Julian Thimme, Ian Tonks, Hai Tran, Luca Trapin, Anders B. Trolle, Giorgio Valente, Robert A. Van Ness, Aurelio Vasquez, Thanos Verousis, Patrick Verwijmeren, Anders Vilhelmsson, Grigory Vilkov, Vladimir Vladimirov, Sebastian Vogel, Stefan Voigt, Wolf Wagner, Thomas Walther, Patrick Weiss, Michel van der Wel, Ingrid M. Werner, P. Joakim Westerholm, Christian Westheide, Evert Wipplinger, Michael Wolf, Christian C. P. Wolff, Leonard Wolk, Wing-Keung Wong, Jan Wrampelmeyer, Shuo Xia, Dacheng Xiu, Ke Xu, Caihong Xu, Pradeep K. Yadav, José Yagüe, Cheng Yan, Antti Yang, Woongsun Yoo, Wenjia Yu, Shihao Yu, Bart Zhou Yueshen, Darya Yuferova, Marcin Zamojski, Abalfazl Zareei, Stefan Zeisberger, S. Sarah Zhang, Xiaoyu Zhang, Zhuo Zhong, Z. Ivy Zhou, Chen Zhou, Xingyu Sonya Zhu, Marius Zoican, Remco C. J. Zwinkels, Jian Chen, Teodor Duevski, Ge Gao, Roland Gemayel, Dudley Gilder, Paul Kuhle, Emiliano Pagnotta, Michele Pelli, Jantje Sönksen, Lu Zhang, Konrad Ilczuk, Dimitar Bogoev, Ya Qian, Hans C. Wika, Yihe Yu, Lu Zhao, Michael Mi, Li Bao, Andreea Vaduva, Marcel Prokopczuk, Alejandro Avetikian and Zhen-Xing Wu
Vrije Universiteit Amsterdam, Stockholm School of Economics - Department of Economics, University of Innsbruck - Department of Economics, University of Innsbruck, Stockholm School of Economics - Department of Economics, University of Innsbruck, University of Innsbruck, VU University Amsterdam, Universidad de Alicante, Bar-Ilan University - Graduate School of Business Administration, International Monetary Fund, Princeton University - Department of Economics, CNRS, University of Oxford, University of Technology Sydney, EMLV Business School Paris, University of Chicago - Booth School of Business, Wilfrid Laurier University, Georgetown University - McDonough School of Business, University of Mannheim, Tennessee Technological University, EM Lyon (Ecole de Management de Lyon) - Emlyon Business School, University of St. Gallen, Swiss Finance Institute - HEC Lausanne, University of Innsbruck, BI Norwegian Business School, University of Memphis, Northwestern University - Pritzker School of Law, Universidad EAFIT, University of Illinois at Chicago - Department of Finance, VU University Amsterdam, Technische Universität Berlin, Lebanese American University, Universitat Pompeu Fabra - Faculty of Economic and Business Sciences, Toulouse Business School - TBS Education, Monash University, Université Paris I Panthéon-Sorbonne - Centre d'Economie de la Sorbonne (CES), Vrije Universiteit Amsterdam, University of Padua - Department of Statistical Sciences, University of Memphis - Fogelman College of Business and Economics, University of Amsterdam Business School, Saint Louis University - Richard A. Chaifetz School of Business, UCLA Anderson, Waseda University, University of San Francisco, Emory University - Department of Finance, Australian National University (ANU), Goethe University Frankfurt Faculty of Economics and Business Administration, HEC Paris - Finance Department, University of Melbourne - Department of Finance, Macquarie University - Faculty of Business and Economics, Nottingham Trent University, University of Liège - HEC Liège, Babson College - Finance Division, Polytechnic University of Marche - Department of Management, University of Zurich - Department of Economics, Toulouse School of Economics, Masaryk University, KU Leuven - Faculty of Business and Economics (FEB), Nottingham Trent University - Nottingham Business School, Catholic University of Louvain (UCL) - Louvain Finance (LFIN), Erasmus University Rotterdam (EUR), George Washington University, University of Hohenheim, Queen's University (Canada), Queen's School of Business, The Brattle Group, Faculty of Business and Economics, Dresden University of Technology, ESADE Business School, EDHEC Business School, The University of Sydney - Discipline of Finance, Stockholm Business School, Stockholm University, Salisbury University - Perdue School of Business, Cardiff Business School, VU Amsterdam, University of Queensland - Business School, Georgetown University - Department of Economics, University of Wisconsin - Milwaukee - Department of Finance, University of Technology Sydney, Bank of England, Ibn Tofail University, Politecnico di Milano, Public Company Accounting Oversight Board, Macquarie University, University of New South Wales - School of Banking and Finance, HEC Paris - Finance Department, City University London - Bayes Business School, Universita della Svizzera italiana (USI Lugano), Open University of the Netherlands - School of Management, Ghent University - Department of Financial Economics, University of Essex - Essex Business School, Radboud University Nijmegen - Institute for Management Research, Ardea Investment Management, University of Vienna, Utrecht University - School of Economics, Universitat Pompeu Fabra, Columbia University, Utrecht University, Monash University - Department of Banking and Finance, University of Glasgow - Adam Smith Business School, University of Tübingen, HEC Montreal - Department of Finance, Stockholm University - Stockholm Business School, University of Liège - HEC Liège, Aalto University, American University - Department of Finance and Real Estate, University of Southern California - Marshall School of Business - Finance and Business Economics Department, Vienna University of Economics and Business, Aix-Marseille University - Aix-Marseille School of Economics, University of Vienna - Department of Statistics and Operations Research, Xi'an Jiaotong-Liverpool University (XJTLU), University of Utah - David Eccles School of Business, University of Zurich - Department of Economics, University of California, Berkeley - Haas School of Business, West Virginia University - John Chambers College of Business and Economics, Department of Finance, University of Gothenburg - Centre for Finance, Missouri State University - College of Business, European Central Bank (ECB), Indiana University - Kelley School of Business - Department of Finance, University of Miami - School of Business Administration - Department of Economics, Bank for International Settlements, Northeastern University - D'Amore-McKim School of Business, University of Orleans, VU University Amsterdam, University of New Mexico, Cardiff University, Saint Joseph University, Columbia University, Bank of England, Aalto University, University of Sussex, Universite du Luxembourg, Durham University, VU University Amsterdam, Ludwig-Maximilians-Universität München, Aalto University, University of Manchester, Queen's University Belfast - Queen's Management School, Pontificia Universidad Católica de Chile, HEC Montreal, University of Adelaide, Chemnitz University of Technology (CUT) - Department of Economics, University of Warwick - Warwick Business School, University of Kiel - Institute for Quantitative Business and Economics Research (QBER), Halle Institute for Economic Research, Goethe University Frankfurt, University of Manchester - Manchester Business School, Northwestern University - Kellogg School of Management, University of Warwick - Warwick Business School, University of New South Wales (UNSW), Square Research Center, Independent Researcher, University of Liège - HEC Liège, HEC Paris - Finance Department, Goethe University Frankfurt - Faculty of Economics and Business Administration, Leibniz University Hannover, University of Zurich, Universite du Luxembourg, S&P Global Ratings, La Trobe University, UCSI University, Malaysia, Vienna University of Economics and Business, University of Cambridge, Purdue University, The University of Sydney, Universidad Autonoma de Madrid, Aalto University, Arizona State University (ASU) - Finance Department, University of California, Los Angeles (UCLA) - Finance Area, University of Florida - Department of Finance, Insurance and Real Estate, North Carolina State University - Department of Business Management, Swiss Finance Institute - USI Lugano, EPFL, University of Toronto - Rotman School of Management and UTSC Management, ESCP Europe - ESCP Europe - Turin Campus, Toulouse Business School - TBS Education, Swiss Finance Institute - HEC Lausanne, Independent, Universite de Toulouse 1 Capitole, Loyola Marymount University, Queen's University Belfast, Michigan State University - Department of Finance, University of Illinois at Chicago, John von Neumann University - MNB Institute, Macquarie University, Copenhagen Business School, University of Florida - Department of Finance, Insurance and Real Estate, Radboud University, Stockholm University - Stockholm Business School, UNSW Australia Business School, School of Banking and Finance, California State University-East Bay, University of Stavanger, University of Zurich - Department of Banking and Finance, Saint Louis University - Department of Finance, University of Graz, Royal Melbourne Institute of Technolog (RMIT University) - Blockchain Innovation Hub, University of Toronto, Universidad de las Islas Baleares, University of Michigan, Stephen M. Ross School of Business, University of Chicago - Booth School of Business, University of Technology Sydney (UTS), Duke University - Department of Economics, University of Illinois at Urbana-Champaign - Department of Finance, Goethe University Frankfurt - Faculty of Economics and Business Administration, University of Duisburg-Essen - Mercator School of Management, HEC Paris - Finance Department, University of Oregon - Department of Finance, University of Sydney Business School, Masaryk University - Department of finance, Missouri State University, Copenhagen Business School, The University of Wollongong, University of Technology Sydney (UTS), Indian Institute of Management, Ahmedabad, University of Texas at Arlington, University of St. Gallen, University of Turin, University of Kiel, Université Paris I Panthéon-Sorbonne - Centre d'Economie de la Sorbonne (CES), Vrije Universiteit Amsterdam, ESSEC Business School, University of Toronto, Universite du Luxembourg - Department of Finance, Aalto University, Queen's University - Smith School of Business, University of Innsbruck, Stockholm University - Stockholm Business School, State University of New York at Buffalo - School of Management, University of Edinburgh Business School, Oklahoma State University - Department of Finance, HEC Paris - Finance Department, University of Quebec at Montreal (UQAM) - Faculty of Management (ESG), University of Lausanne, Bowling Green State University - Department of Finance, University of Edinburgh, York University - Schulich School of Business, HEC Montreal - Department of Finance, New Mexico State University, Federal Reserve Bank of New York, University of Cambridge - Judge Business School, Swiss Finance Institute - University of Geneva, University of Mannheim, The University of Manchester - Department of Economics, University of Graz, Deutsche Bundesbank, Macquarie University, Swiss Finance Institute - HEC Lausanne, University of Stuttgart, Heinrich Heine University Dusseldorf - Duesseldorf Institute for Competition Economics (DICE), Arizona State University (ASU), VU Amsterdam - School of Business and Economics, Federal Reserve Bank of New York, Wilfrid Laurier University - Lazaridis School of Business and Economics, Federal Housing Finance Agency, University of Zurich, Vienna University of Economics and Business, University of Western Australia, University of St. Gallen, University of New South Wales (UNSW), University of Memphis - Fogelman College of Business and Economics, Cardiff University, Universite du Luxembourg, New York University (NYU) - Leonard N. Stern School of Business, Aalto University, Eötvös Loránd University, University of Birmingham, University of Florida - Department of Finance, University of Bristol Business School, University of New South Wales (UNSW), University of Mannheim - Finance Area, Karlsruhe Institute of Technology, University of Bristol - Department of Finance and Accounting, Loyola Marymount University - Department of Finance, University of Bologna, Copenhagen Business School, Hong Kong Institute for Monetary and Financial Research (HKIMR), University of Mississippi - Department of Finance, Instituto Tecnológico Autónomo de México (ITAM) - Department of Business Administration, Vlerick Business School, Erasmus University Rotterdam (EUR), Lund University - Department of Economics, Frankfurt School of Finance & Management, University of Amsterdam Business School, Erasmus University Rotterdam (EUR), University of Copenhagen, Erasmus University Rotterdam (EUR), Utrecht University - School of Economics, Reykjavik University, Erasmus University Rotterdam, The Ohio State University - Fisher College of Business, University of Sydney Business School, University of Vienna - Department of Finance, Vrije Universiteit Amsterdam, School of Business and Economics, University of Zurich - Department of Economics, University of Luxembourg, VU University Amsterdam, Asia University, Department of Finance, Vrije Universiteit Amsterdam, School of Business and Economics, Halle Institute for Economic Research, University of Chicago - Booth School of Business, University of Victoria, Stockholm University - Stockholm Business School, University of Oklahoma Price College of Business, University of Murcia, University of Essex, Erasmus University Rotterdam, Central Michigan University, Aalto University, Columbia University, Singapore Management University - Lee Kong Chian School of Business, Norwegian School of Economics (NHH) - Department of Finance, University of Gothenburg, Centre for Finance, Stockholm University, Radboud University, Institute for Management Research, University of Manchester - Alliance Manchester Business School, Vrije Universiteit Amsterdam (VU Amsterdam), University of Melbourne - Department of Finance, University of Wollongong - School of Accounting, Economics & Finance, Erasmus University Rotterdam (EUR), Bank for International Settlements (BIS) - Monetary and Economic Department, University of Toronto at Mississauga - Department of Management, Vrije Universiteit Amsterdam - School of Business and Economics, Queen's University, HEC Paris, University of Birmingham, King’s College London, Cardiff Business School, Universidad Autonoma de Madrid, Singapore Management University, University of Zurich - Department of Finance, University of Tübingen, University of Luxembourg, affiliation not provided to SSRN, EDF Energy, United Kingdom, Aalto University, Norges Bank, State University of New York (SUNY) - Buffalo, Southwestern University of Finance and Economics (SWUFE), The University of Sydney, University of Toulouse Capitole, UC3M, University of Reading - ICMA Centre, Pontificia Universidad Católica de Chile and Zhongnan University of Economics and Law - School of Finance
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Citation 6

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nonstandard errors, multi-analyst study, liquidity

2.
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Citation 48

Corporate Governance and Capital Structure Dynamics

AFA 2009 San Francisco Meetings Paper
Number of pages: 58 Posted: 27 Mar 2008 Last Revised: 25 Dec 2010
Erwan Morellec, Boris Nikolov and Norman Schuerhoff
Ecole Polytechnique Fédérale de Lausanne, University of Lausanne and Swiss Finance Institute - HEC Lausanne
Downloads 2,853 (8,540)
Citation 3

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dynamic capital structure, private benefits of control, structural estimation

Corporate Governance and Capital Structure Dynamics

Swiss Finance Institute Research Paper No. 09-10
Number of pages: 58 Posted: 20 Apr 2009 Last Revised: 25 Dec 2010
Erwan Morellec, Boris Nikolov and Norman Schuerhoff
Ecole Polytechnique Fédérale de Lausanne, University of Lausanne and Swiss Finance Institute - HEC Lausanne
Downloads 610 (82,080)
Citation 49

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dynamic capital structure, private benefits of control, structural estimation

3.

Finfluencers

Swiss Finance Institute Research Paper No. 23-30
Number of pages: 57 Posted: 03 May 2023 Last Revised: 18 Jul 2023
University of California, Berkeley, Louisiana State University, University of California, Berkeley and Swiss Finance Institute - HEC Lausanne
Downloads 3,176 (7,376)
Citation 1

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Finfluencers, social media, mixture modeling, retail traders, homophily, belief bias

4.
Downloads 1,780 (18,409)
Citation 144

Dealer Networks

Journal of Finance, Forthcoming, Swiss Finance Institute Research Paper No. 14-50
Number of pages: 79 Posted: 16 Mar 2012 Last Revised: 27 Mar 2018
Dan Li and Norman Schuerhoff
Board of Governors of the Federal Reserve System and Swiss Finance Institute - HEC Lausanne
Downloads 1,779 (18,103)
Citation 44

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Municipal bonds, over-the-counter market, financial network, dealer centrality, trading cost, immediacy, liquidity

Dealer Networks

CEPR Discussion Paper No. DP10237
Number of pages: 68 Posted: 10 Nov 2014
Dan Li and Norman Schuerhoff
Board of Governors of the Federal Reserve System and Swiss Finance Institute - HEC Lausanne
Downloads 1 (1,178,360)
Citation 39
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decentralization, immediacy, liquidity, market quality, municipal bonds, network analysis, over-the-counter financial market, trading cost, transparency

Corporate Investment and Financing Under Asymmetric Information

Number of pages: 61 Posted: 08 Jan 2009 Last Revised: 02 Apr 2010
Erwan Morellec and Norman Schuerhoff
Ecole Polytechnique Fédérale de Lausanne and Swiss Finance Institute - HEC Lausanne
Downloads 903 (48,972)
Citation 3

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real options, investment timing, asymmetric information, financing

Corporate Investment and Financing Under Asymmetric Information

Swiss Finance Institute Research Paper No. 09-09
Number of pages: 61 Posted: 02 Apr 2009 Last Revised: 02 Apr 2010
Erwan Morellec and Norman Schuerhoff
Ecole Polytechnique Fédérale de Lausanne and Swiss Finance Institute - HEC Lausanne
Downloads 474 (112,256)
Citation 18

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asymmetric information, financing decisions, investment timing

6.

Price Discovery in Illiquid Markets: Do Financial Asset Prices Rise Faster Than They Fall?

Journal of Finance, Forthcoming
Number of pages: 56 Posted: 17 Mar 2008 Last Revised: 02 Dec 2009
Richard C. Green, Dan Li and Norman Schuerhoff
Carnegie Mellon University - David A. Tepper School of Business, Board of Governors of the Federal Reserve System and Swiss Finance Institute - HEC Lausanne
Downloads 814 (57,211)
Citation 9

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Municipal Bond, Price Discovery, Market Microstructure, Liquidity, Asymmetric Adjustment

7.
Downloads 740 (65,104)
Citation 11

Agency Conflicts Around the World

Swiss Finance Institute Research Paper No. 15-21
Number of pages: 85 Posted: 14 Jul 2015 Last Revised: 22 Mar 2018
Erwan Morellec, Boris Nikolov and Norman Schuerhoff
Ecole Polytechnique Fédérale de Lausanne, University of Lausanne and Swiss Finance Institute - HEC Lausanne
Downloads 740 (64,150)

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Capital Structure, Agency Conflicts, Corporate Governance, Structural Estimation

Agency Conflicts Around the World

CEPR Discussion Paper No. DP11243
Number of pages: 59 Posted: 04 May 2016
Erwan Morellec, Boris Nikolov and Norman Schuerhoff
Ecole Polytechnique Fédérale de Lausanne, University of Lausanne and Swiss Finance Institute - HEC Lausanne
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Citation 2
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agency conflicts, Capital Structure, corporate governance, structural estimation

8.

Rating-Based Investment Practices and Bond Market Segmentation

WFA 2012 Las Vegas Meetings Paper, Swiss Finance Institute Research Paper No. 10-30
Number of pages: 62 Posted: 16 Feb 2009 Last Revised: 27 Jun 2014
School of Finance, Shanghai University of Finance and Economics, Moody's Research LabsAmazon Capital Services, Swiss Finance Institute - HEC Lausanne and Carnegie Mellon University - David A. Tepper School of Business
Downloads 738 (65,321)
Citation 20

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Corporate bond market, rating agencies, market segmentation, institutional investors, rating-based investment management practices

9.
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Citation 3

All-to-All Liquidity in Corporate Bonds

Swiss Finance Institute Research Paper No. 21-43
Number of pages: 57 Posted: 02 Aug 2021 Last Revised: 28 Oct 2021
Terrence Hendershott, Dmitry Livdan and Norman Schuerhoff
University of California, Berkeley - Haas School of Business, University of California, Berkeley and Swiss Finance Institute - HEC Lausanne
Downloads 672 (72,630)
Citation 3

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Over-the-counter markets, electronic trading, request for quote, open trading, corporate bonds, dealers

Do We Need Dealers in OTC Markets?

CEPR Discussion Paper No. DP16437
Number of pages: 50 Posted: 22 Sep 2021
Terrence Hendershott, Dmitry Livdan and Norman Schuerhoff
University of California, Berkeley - Haas School of Business, University of California, Berkeley and Swiss Finance Institute - HEC Lausanne
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corporate bonds, Dealers, electronic trading, open trading, Over-the-counter markets, request for quote

10.
Downloads 561 (92,349)

(In)efficient repo markets

Swiss Finance Institute Research Paper No. 21-10
Number of pages: 74 Posted: 08 Feb 2021 Last Revised: 18 Aug 2022
Tobias Dieler, Loriano Mancini and Norman Schuerhoff
University of Bristol - Department of Finance and Accounting, Università della Svizzera italiana (USI Lugano) and Swiss Finance Institute - HEC Lausanne
Downloads 561 (91,243)
Citation 1

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repo market, funding run, financial stability, asymmetric information, central clearing, novation, guarantee fund, collateral

(In)Efficient Repo Markets

CEPR Discussion Paper No. DP15782
Number of pages: 69 Posted: 11 Feb 2021
Tobias Dieler, Loriano Mancini and Norman Schuerhoff
University of Bristol - Department of Finance and Accounting, Università della Svizzera italiana (USI Lugano) and Swiss Finance Institute - HEC Lausanne
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11.
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Citation 3

True Cost of Immediacy

Swiss Finance Institute Research Paper No. 20-71
Number of pages: 67 Posted: 25 Aug 2020 Last Revised: 06 Apr 2022
Terrence Hendershott, Dan Li, Dmitry Livdan and Norman Schuerhoff
University of California, Berkeley - Haas School of Business, Board of Governors of the Federal Reserve System, University of California, Berkeley and Swiss Finance Institute - HEC Lausanne
Downloads 542 (95,377)
Citation 1

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Liquidity, bids-wanted-in-competition, collateralized loan obligations, securities auctions, over-the-counter market structure

True Cost of Immediacy

CEPR Discussion Paper No. DP15205
Number of pages: 65 Posted: 12 Sep 2020
Terrence Hendershott, Dan Li, Dmitry Livdan and Norman Schuerhoff
University of California, Berkeley - Haas School of Business, Board of Governors of the Federal Reserve System, University of California, Berkeley and Swiss Finance Institute - HEC Lausanne
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Citation 2
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bids-wanted-in-competition, Collateralized loan obligations, financial fragility, liquidity, Over-the-counter markets

12.

Optimal Sourcing and Lead-Time Reduction under Evolutionary Demand Risk

Production and Operations Management, Forthcoming
Number of pages: 32 Posted: 03 Dec 2011 Last Revised: 06 Jul 2015
University of Lausanne - Faculty of Business and Economics, Swiss Finance Institute - HEC Lausanne, University of Cyprus - Department of Public and Business Administration and University of Melbourne - Centre for Actuarial Studies
Downloads 506 (104,993)
Citation 3

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lead-time reduction, forecast evolution, real options, supply-chain risk

13.

Valuing Lead Time

Journal of Operations Management, Forthcoming
Number of pages: 31 Posted: 26 Jun 2014
University of Lausanne - Faculty of Business and Economics, Schulich School of Business, York University, University of Lausanne - School of Economics and Business Administration (HEC-Lausanne), Norwegian University of Science and Technology (NTNU) - Department of Industrial Economics and Technology, Swiss Finance Institute - HEC Lausanne, University of Lausanne - School of Economics and Business Administration (HEC-Lausanne) and Stanford University - Department of Statistics
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lead time, supply-chain mismatch cost, forecast evolution

14.
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Citation 10

Municipal Bond Markets

Swiss Finance Institute Research Paper No. 18-69
Number of pages: 41 Posted: 31 Oct 2018 Last Revised: 12 Nov 2018
Dario Cestau, Burton Hollifield, Dan Li and Norman Schuerhoff
IE Business School, IE University, Carnegie Mellon University - David A. Tepper School of Business, Board of Governors of the Federal Reserve System and Swiss Finance Institute - HEC Lausanne
Downloads 424 (128,165)
Citation 8

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municipal bonds, muni-bond puzzle, over-the-counter markets, trading cost, centrality premium, electroni cation, green bonds

Municipal Bond Markets

CEPR Discussion Paper No. DP13301
Number of pages: 42 Posted: 12 Nov 2018
Dario Cestau, Burton Hollifield, Dan Li and Norman Schuerhoff
IE Business School, IE University, Carnegie Mellon University - David A. Tepper School of Business, Board of Governors of the Federal Reserve System and Swiss Finance Institute - HEC Lausanne
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Citation 5
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centrality premium, electronification, green bonds, muni-bond puzzle, Municipal Bonds, Over-the-counter markets, trading cost

Municipal Bond Markets

Annual Review of Financial Economics, Vol. 11, pp. 65-84, 2019
Posted: 12 Jan 2020
Dario Cestau, Burton Hollifield, Dan Li and Norman Schuerhoff
IE Business School, IE University, Carnegie Mellon University - David A. Tepper School of Business, Board of Governors of the Federal Reserve System and Swiss Finance Institute - HEC Lausanne

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15.

Are Institutions Informed About News?

Swiss Finance Institute Research Paper No. 14-49
Number of pages: 62 Posted: 27 Jul 2014
Terrence Hendershott, Dmitry Livdan and Norman Schuerhoff
University of California, Berkeley - Haas School of Business, University of California, Berkeley and Swiss Finance Institute - HEC Lausanne
Downloads 425 (129,118)
Citation 44

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16.

Quote Competition in Corporate Bonds

SMU Cox School of Business Research Paper No. 22-03, Swiss Finance Institute Research Paper No. 22-70
Number of pages: 44 Posted: 04 Feb 2022 Last Revised: 12 Sep 2022
University of California, Berkeley - Haas School of Business, Board of Governors of the Federal Reserve System, University of California, Berkeley, Swiss Finance Institute - HEC Lausanne and Southern Methodist University (SMU) - Finance Department
Downloads 419 (131,239)

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Pretrade transparency, quotes, corporate bonds, OTC markets, order flow competition

Financial Intermediation and the Costs of Trading in an Opaque Market

FAME Research Paper No. 130
Number of pages: 47 Posted: 28 Feb 2005
Richard C. Green, Burton Hollifield and Norman Schuerhoff
Carnegie Mellon University - David A. Tepper School of Business, Carnegie Mellon University - David A. Tepper School of Business and Swiss Finance Institute - HEC Lausanne
Downloads 379 (145,833)
Citation 109

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Municipal Bonds, Fixed Income Dealer, Transaction Costs, Liquidity, Transparency, Market Power

Financial Intermediation and the Costs of Trading in an Opaque Market

The Review of Financial Studies, Vol. 20, Issue 2, pp. 275-314, 2007
Posted: 17 Jul 2008
Richard C. Green, Burton Hollifield and Norman Schuerhoff
Carnegie Mellon University - David A. Tepper School of Business, Carnegie Mellon University - David A. Tepper School of Business and Swiss Finance Institute - HEC Lausanne

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18.

Personal Taxes, Leverage, and Real Investment

Number of pages: 40 Posted: 02 Jul 2004
Erwan Morellec and Norman Schuerhoff
Ecole Polytechnique Fédérale de Lausanne and Swiss Finance Institute - HEC Lausanne
Downloads 378 (147,490)

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real options, capital gains taxation, capital structure

19.

Should State Governments Prohibit the Negotiated Sales of Municipal Bonds?

Number of pages: 53 Posted: 06 Aug 2020 Last Revised: 12 Nov 2020
IE Business School, IE University, affiliation not provided to SSRN, Carnegie Mellon University - David A. Tepper School of Business and Swiss Finance Institute - HEC Lausanne
Downloads 277 (205,373)
Citation 3

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Primary market, state laws, book building, auctions, municipal bonds

20.

Dealer Intermediation and Price Behavior in the Aftermarket for New Bond Issues

EFA 2006 Zurich Meetings Paper
Number of pages: 54 Posted: 17 Jun 2006
Richard C. Green, Burton Hollifield and Norman Schuerhoff
Carnegie Mellon University - David A. Tepper School of Business, Carnegie Mellon University - David A. Tepper School of Business and Swiss Finance Institute - HEC Lausanne
Downloads 270 (210,774)
Citation 31

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market microstructure, municipal bonds, trading, price dispersion

21.
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Citation 86

Relationship Trading in OTC Markets

Swiss Finance Institute Research Paper No. 17-30
Number of pages: 46 Posted: 04 Dec 2017
Terrence Hendershott, Dan Li, Dmitry Livdan and Norman Schuerhoff
University of California, Berkeley - Haas School of Business, Board of Governors of the Federal Reserve System, University of California, Berkeley and Swiss Finance Institute - HEC Lausanne
Downloads 253 (223,729)
Citation 47

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Over-the-counter market, corporate bond, trading cost, liquidity, decentralization, financial network

Relationship Trading in OTC Markets

CEPR Discussion Paper No. DP12472
Number of pages: 49 Posted: 12 Dec 2017
Terrence Hendershott, Dan Li, Dmitry Livdan and Norman Schuerhoff
University of California, Berkeley - Haas School of Business, Board of Governors of the Federal Reserve System, University of California, Berkeley and Swiss Finance Institute - HEC Lausanne
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Citation 10
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corporate bond, Decentralization, Financial Networks, liquidity, Over-the-counter market, trading cost

22.

Life after Default: Dealer Intermediation and Recovery in Defaulted Corporate Bonds

Swiss Finance Institute Research Paper No. 23-85
Number of pages: 53 Posted: 22 Sep 2023
Karlsruhe Institute of Technology, University of California, Berkeley, University of California, Berkeley, Karlsruhe Institute of Technology and Swiss Finance Institute - HEC Lausanne
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corporate default, corporate bonds, recovery rates, over-the-counter markets, dealer networks

23.
Downloads 179 (310,320)

Self-inflicted Debt Crises

Proceedings of Paris December 2019 Finance Meeting EUROFIDAI - ESSEC, Swiss Finance Institute Research Paper No. 21-11
Number of pages: 66 Posted: 29 Oct 2019 Last Revised: 09 Feb 2021
Theodosios Dimopoulos and Norman Schuerhoff
University of Lausanne - School of Economics and Business Administration (HEC-Lausanne) and Swiss Finance Institute - HEC Lausanne
Downloads 179 (309,934)

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borrower myopia, time-inconsistency, strategic default, debt crisis, bailout fund, real options

Self-Inflicted Debt Crises

CEPR Discussion Paper No. DP15781
Number of pages: 67 Posted: 11 Feb 2021
Theodosios Dimopoulos and Norman Schuerhoff
University of Lausanne - School of Economics and Business Administration (HEC-Lausanne) and Swiss Finance Institute - HEC Lausanne
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24.

Tax-Subsidized Underpricing: Issuers and Underwriters in the Market for Build America Bonds

Swiss Finance Institute Research Paper No. 12-32
Number of pages: 49 Posted: 18 Oct 2012 Last Revised: 27 Nov 2012
Dario Cestau, Richard C. Green and Norman Schuerhoff
Carnegie Mellon University - David A. Tepper School of Business, Carnegie Mellon University - David A. Tepper School of Business and Swiss Finance Institute - HEC Lausanne
Downloads 164 (334,844)
Citation 12

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Underpricing, Build America Bonds, Municipal Finance, Financial Intermediation, Incentive Conflicts

Dynamic Investment and Financing under Personal Taxation

Number of pages: 57 Posted: 02 Sep 2008
Erwan Morellec and Norman Schuerhoff
Ecole Polytechnique Fédérale de Lausanne and Swiss Finance Institute - HEC Lausanne
Downloads 132 (400,175)
Citation 12

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real options; capital gains taxation; capital structure

Dynamic Investment and Financing Under Personal Taxation

The Review of Financial Studies, Vol. 23, Issue 1, pp. 101-146, 2009
Posted: 25 Jan 2010
Erwan Morellec and Norman Schuerhoff
Ecole Polytechnique Fédérale de Lausanne and Swiss Finance Institute - HEC Lausanne

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G31, G32, H24, H32

26.

Dealer Networks

FEDS Working Paper No. 2014-95
Number of pages: 68 Posted: 05 Dec 2014
Dan Li and Norman Schuerhoff
Board of Governors of the Federal Reserve System and Swiss Finance Institute - HEC Lausanne
Downloads 110 (457,834)
Citation 12

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Municipal bonds, over-the-counter financial market, network analysis, trading cost, liquidity, immediacy, transparency

27.

Identifiability and Generalizability from Multiple Experts in Inverse Reinforcement Learning

Swiss Finance Institute Research Paper No. 22-79
Number of pages: 30 Posted: 18 Oct 2022
École Polytechnique Fédérale de Lausanne, École Polytechnique Fédérale de Lausanne, Swiss Finance Institute - HEC Lausanne, University of Lausanne and École Polytechnique Fédérale de Lausanne
Downloads 58 (667,648)

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28.

Variance Risk, Financial Intermediation, and the Cross-Section of Expected Option Returns

CEPR Discussion Paper No. DP8268
Number of pages: 73 Posted: 14 Mar 2011
Norman Schuerhoff and Alexandre Ziegler
Swiss Finance Institute - HEC Lausanne and University of Zurich - Department Finance
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asset pricing, cross-section of option returns, financial intermediation, variance risk