Author Page for Burton Hollifield

Financial Leverage Does Not Cause the Leverage Effect

AFA 2007 Chicago Meetings Paper

Number of pages: 45 Posted: 14 Mar 2006

Abdullah C. Aydemir, Michael F. Gallmeyer and Burton Hollifield

Lehman Brothers, University of Virginia (UVA) - McIntire School of Commerce and Carnegie Mellon University - David A. Tepper School of Business

Downloads 1,219 (28,907)

Citation 12

Abstract:

2.

Time-Varying Predictability in Mutual Fund Returns

Downloads 1,112 (32,965)

Citation 12

2

Time-Varying Predictability in Mutual Fund Returns

Number of pages: 43 Posted: 21 Mar 2009 Last Revised: 14 Jan 2012

Vincent Glode, Burton Hollifield, Marcin T. Kacperczyk and Shimon Kogan

University of Pennsylvania - The Wharton School, Carnegie Mellon University - David A. Tepper School of Business, Imperial College London - Accounting, Finance, and Macroeconomics and Reichman University - Arison School of Business

Downloads 1,044 (35,476)

Citation 13

Abstract:

Is Investor Rationality Time Varying? Evidence from the Mutual Fund Industry

NBER Working Paper No. w15038

Number of pages: 52 Posted: 08 Jun 2009 Last Revised: 03 Feb 2023

Vincent Glode, Burton Hollifield, Marcin T. Kacperczyk and Shimon Kogan

University of Pennsylvania - The Wharton School, Carnegie Mellon University - David A. Tepper School of Business, Imperial College London - Accounting, Finance, and Macroeconomics and Reichman University - Arison School of Business

Downloads 68 (556,705)

Citation 1

Abstract:

3.

Liquidity Supply and Demand in Limit Order Markets

Downloads 798 (52,313)

Citation 9

2

Liquidity Supply and Demand in Limit Order Markets

Number of pages: 53 Posted: 27 Jan 2003

Burton Hollifield, Robert A. Miller, Patrik Sandas and Joshua Slive

Carnegie Mellon University - David A. Tepper School of Business, Carnegie Mellon University - David A. Tepper School of Business, University of Virginia and Bank of Canada

Downloads 759 (55,146)

Citation 14

Abstract:

Liquidity Supply and Demand in Limit Order Markets

Number of pages: 55 Posted: 17 Jan 2003

Burton Hollifield, Patrik Sandas, Robert A. Miller and Joshua Slive

Carnegie Mellon University - David A. Tepper School of Business, University of Virginia, Carnegie Mellon University - David A. Tepper School of Business and Bank of Canada

Downloads 39 (720,411)

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Abstract:

4.

An Examination of Heterogeneous Beliefs With a Short-Sale Constraint in a Dynamic Economy

Downloads 797 (52,399)

2

An Examination of Heterogeneous Beliefs With a Short-Sale Constraint in a Dynamic Economy

EFA 2002 Berlin Meetings Presented Paper

Number of pages: 41 Posted: 22 Mar 2002

Michael F. Gallmeyer and Burton Hollifield

University of Virginia (UVA) - McIntire School of Commerce and Carnegie Mellon University - David A. Tepper School of Business

Downloads 797 (51,697)

Citation 51

Abstract:

An Examination of Heterogeneous Beliefs with a Short-Sale Constraint in a Dynamic Economy

Review of Finance, Vol. 12, Issue 2, pp. 323-364, 2008

Posted: 14 Jul 2008

Michael F. Gallmeyer and Burton Hollifield

University of Virginia (UVA) - McIntire School of Commerce and Carnegie Mellon University - David A. Tepper School of Business

Abstract:

5.

Demand Discovery and Asset Pricing

AFA 2005 Philadelphia Meetings

Number of pages: 63 Posted: 08 Jun 2004

Michael F. Gallmeyer, Duane J. Seppi and Burton Hollifield

University of Virginia (UVA) - McIntire School of Commerce, Carnegie Mellon University - David A. Tepper School of Business and Carnegie Mellon University - David A. Tepper School of Business

Downloads 731 (58,872)

Citation 15

Abstract:

6.

What Broker Charges Reveal About Subprime Mortgage Credit Risk

Downloads 642 (69,644)

Citation 7

3

What Broker Charges Reveal About Subprime Mortgage Credit Risk

Number of pages: 46 Posted: 22 Mar 2010 Last Revised: 09 Jun 2020

Antje Berndt, Burton Hollifield and Patrik Sandås

Australian National University, College of Business and Economics, Carnegie Mellon University - David A. Tepper School of Business and University of Virginia

Downloads 470 (101,355)

Citation 7

Abstract:

The Role of Mortgage Brokers in the Subprime Crisis

NBER Working Paper No. w16175

Number of pages: 67 Posted: 12 Jul 2010 Last Revised: 13 Mar 2023

Antje Berndt, Burton Hollifield and Patrik Sandås

Australian National University, College of Business and Economics, Carnegie Mellon University - David A. Tepper School of Business and University of Virginia

Downloads 92 (464,154)

Abstract:

What Broker Charges Reveal about Mortgage Credit Risk

Sveriges Riksbank Working Paper Series No. 336, Riksbank Research Paper Series No. 160

Number of pages: 63 Posted: 07 Mar 2017

Antje Berndt, Burton Hollifield and Patrik Sandås

Australian National University, College of Business and Economics, Carnegie Mellon University - David A. Tepper School of Business and University of Virginia

Downloads 80 (506,594)

Citation 1

Abstract:

7.

Asset Prices and Portfolios with Externalities

Review of Finance 26(6): 1433–1468, 2022

Number of pages: 57 Posted: 25 Mar 2019 Last Revised: 22 Nov 2022

Steven D. Baker, Burton Hollifield and Emilio Osambela

Federal Reserve Banks - Federal Reserve Bank of Richmond, Carnegie Mellon University - David A. Tepper School of Business and Board of Governors of the Federal Reserve System

Downloads 510 (92,783)

Citation 9

Abstract:

8.

Bid-Ask Spreads, Trading Networks and the Pricing of Securitizations

Review of Financial Studies, Forthcoming.

Number of pages: 64 Posted: 09 Sep 2014 Last Revised: 13 Jan 2017

Burton Hollifield, Artem Neklyudov and Chester S. Spatt

Carnegie Mellon University - David A. Tepper School of Business, University of Lausanne - School of Economics and Business Administration (HEC-Lausanne) and Carnegie Mellon University - David A. Tepper School of Business

Downloads 487 (98,148)

Citation 19

Abstract:

9.

The Personal-Tax Advantages of Equity

Number of pages: 42 Posted: 15 Sep 1999

Richard C. Green and Burton Hollifield

Carnegie Mellon University - David A. Tepper School of Business and Carnegie Mellon University - David A. Tepper School of Business

Downloads 441 (110,335)

Citation 10

Abstract:

10.

Municipal Bond Markets

Downloads 384 (129,544)

Citation 10

3

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 383 (128,928)

Citation 6

Abstract:

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

Downloads 1 (1,062,640)

Citation 5

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Abstract:

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

Abstract:

11.

Financial Intermediation and the Costs of Trading in an Opaque Market

Downloads 353 (142,211)

2

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 353 (141,240)

Citation 100

Abstract:

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

Abstract:

12.

A Bayesian Analysis of a Variance Decomposition for Stock Returns

Sauder School of Business Working Paper

Number of pages: 26 Posted: 19 Nov 2002

Burton Hollifield, Kai Li and Gary Koop

Carnegie Mellon University - David A. Tepper School of Business, University of British Columbia (UBC) - Sauder School of Business and University of Leicester - Department of Economics

Downloads 319 (158,511)

Citation 2

Abstract:

13.

Disagreement, Speculation, and Aggregate Investment

Journal of Financial Economics 119(1): 210–225, 2016

Number of pages: 41 Posted: 02 Nov 2013 Last Revised: 18 Aug 2016

Steven D. Baker, Burton Hollifield and Emilio Osambela

Federal Reserve Banks - Federal Reserve Bank of Richmond, Carnegie Mellon University - David A. Tepper School of Business and Board of Governors of the Federal Reserve System

Downloads 293 (173,369)

Citation 18

Abstract:

14.

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 263 (193,554)

Citation 31

Abstract:

15.

Distorted Risk Incentives from Size Threshold-Based Regulations

Downloads 246 (206,709)

2

Distorted Risk Incentives from Size Threshold-Based Regulations

Mays Business School Research Paper No. 3084239

Number of pages: 70 Posted: 11 Dec 2017 Last Revised: 04 Aug 2022

Burton Hollifield, Philipp K. Illeditsch, Shane A. Johnson and Yan Liu

Carnegie Mellon University - David A. Tepper School of Business, Texas A&M University - Mays Business School - Finance Department, Texas A&M University - Department of Finance and Purdue University

Downloads 165 (297,704)

Abstract:

Distorted Risk Incentives from Size Threshold-Based Regulations

Number of pages: 82 Posted: 03 Feb 2019 Last Revised: 26 Apr 2022

Burton Hollifield, Philipp K. Illeditsch, Shane A. Johnson and Yan Liu

Carnegie Mellon University - David A. Tepper School of Business, Texas A&M University - Mays Business School - Finance Department, Texas A&M University - Department of Finance and Purdue University

Downloads 81 (502,789)

Abstract:

16.

Should State Governments Prohibit the Negotiated Sales of Municipal Bonds?

Number of pages: 53 Posted: 06 Aug 2020 Last Revised: 12 Nov 2020

Dario Cestau, Richard C. Green, Burton Hollifield and Norman Schuerhoff

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 232 (218,858)

Citation 3

Abstract:

17.

Term Premium Dynamics and the Taylor Rule

EFA 2009 Bergen Meetings Paper

Number of pages: 38 Posted: 17 Feb 2009

Michael F. Gallmeyer, Burton Hollifield, Francisco Palomino and Stanley E. Zin

University of Virginia (UVA) - McIntire School of Commerce, Carnegie Mellon University - David A. Tepper School of Business, University of Michigan, Stephen M. Ross School of Business and New York University (NYU)

Downloads 216 (234,142)

Citation 19

Abstract:

18.

Estimating the Gains from Trade in Limit Order Markets

Downloads 209 (241,349)

Citation 31

2

Estimating the Gains from Trade in Limit Order Markets

Rodney L. White Center for Financial Research Working Paper No. 20-04

Number of pages: 50 Posted: 11 Sep 2004

Burton Hollifield, Robert A. Miller, Patrik Sandas and Joshua Slive

Carnegie Mellon University - David A. Tepper School of Business, Carnegie Mellon University - David A. Tepper School of Business, University of Virginia and Bank of Canada

Downloads 190 (262,873)

Citation 3

Abstract:

Estimating the Gains from Trade in Limit Order Markets

Number of pages: 50 Posted: 09 Jul 2004

Burton Hollifield, Robert A. Miller, Patrik Sandas and Joshua Slive

Carnegie Mellon University - David A. Tepper School of Business, Carnegie Mellon University - David A. Tepper School of Business, University of Virginia and Bank of Canada

Downloads 19 (888,248)

Citation 23

Add to Cart

Abstract:

19.

How Subprime Borrowers and Mortgage Brokers Shared the Pie

Downloads 156 (311,892)

Citation 1

3

How Subprime Borrowers and Mortgage Brokers Shared the Pie

Number of pages: 74 Posted: 15 Oct 2013 Last Revised: 30 Jul 2014

Antje Berndt, Burton Hollifield and Patrik Sandås

Australian National University, College of Business and Economics, Carnegie Mellon University - David A. Tepper School of Business and University of Virginia

Downloads 118 (389,163)

Abstract:

How Subprime Borrowers and Mortgage Brokers Shared the Pie

Riksbank Research Paper Series No. 117, Sveriges Riksbank Working Paper Series No. 286

Number of pages: 76 Posted: 13 Feb 2015

Antje Berndt, Burton Hollifield and Patrik Sandås

Australian National University, College of Business and Economics, Carnegie Mellon University - David A. Tepper School of Business and University of Virginia

Downloads 38 (727,683)

Citation 1

Abstract:

How Subprime Borrowers and Mortgage Brokers Shared the Pie

Real Estate Economics, Forthcoming

Posted: 28 Sep 2014

Antje Berndt, Burton Hollifield and Patrik Sandås

Australian National University, College of Business and Economics, Carnegie Mellon University - David A. Tepper School of Business and University of Virginia

Abstract:

20.

Latency Arbitrage When Markets Become Faster

Riksbank Research Paper Series No. 162, Sveriges Riksbank Working Paper Series No. 338

Number of pages: 32 Posted: 26 Jan 2018

Burton Hollifield, Patrik Sandås and Andrew Todd

Carnegie Mellon University - David A. Tepper School of Business, University of Virginia and University of Virginia

Downloads 123 (375,768)

Abstract:

21.

Preventing Controversial Catastrophes

Downloads 122 (378,066)

2

Preventing Controversial Catastrophes

Review of Asset Pricing Studies 10(1): 1–60, 2020

Number of pages: 89 Posted: 19 Aug 2016 Last Revised: 06 May 2021

Steven D. Baker, Burton Hollifield and Emilio Osambela

Federal Reserve Banks - Federal Reserve Bank of Richmond, Carnegie Mellon University - David A. Tepper School of Business and Board of Governors of the Federal Reserve System

Downloads 96 (451,150)

Abstract:

Preventing Controversial Catastrophes

FEDS Working Paper No. 2018-52

Number of pages: 90 Posted: 23 Jul 2018 Last Revised: 21 Feb 2019

Steven D. Baker, Burton Hollifield and Emilio Osambela

Federal Reserve Banks - Federal Reserve Bank of Richmond, Carnegie Mellon University - David A. Tepper School of Business and Board of Governors of the Federal Reserve System

Downloads 26 (822,900)

Abstract:

22.

Arbitrage-Free Bond Pricing with Dynamic Macroeconomic Models

NBER Working Paper No. w13245

Number of pages: 38 Posted: 09 Jul 2007 Last Revised: 11 Sep 2022

Michael F. Gallmeyer, Burton Hollifield, Francisco Palomino and Stanley E. Zin

University of Virginia (UVA) - McIntire School of Commerce, Carnegie Mellon University - David A. Tepper School of Business, affiliation not provided to SSRN and Carnegie Mellon University

Downloads 66 (557,581)

Citation 11

Abstract:

23.

Taylor Rules, Mccallum Rules and the Term Structure of Interest Rates

NBER Working Paper No. w11276

Number of pages: 33 Posted: 01 Jun 2005 Last Revised: 26 Oct 2022

Michael F. Gallmeyer, Burton Hollifield and Stanley E. Zin

University of Virginia (UVA) - McIntire School of Commerce, Carnegie Mellon University - David A. Tepper School of Business and Carnegie Mellon University

Downloads 66 (557,581)

Citation 8

Abstract:

24.

Empirical Analysis of Limit Order Markets

Number of pages: 67 Posted: 19 Jun 2001

Burton Hollifield, Robert A. Miller and Patrik Sandas

Carnegie Mellon University - David A. Tepper School of Business, Carnegie Mellon University - David A. Tepper School of Business and University of Virginia

Downloads 30 (766,787)

Citation 6

Add to Cart

Abstract:

25.

A Test of Uncovered Interest Rate Parity in Segmented International Commodity Markets

Posted: 31 Dec 1998

Burton Hollifield and Raman Uppal

Carnegie Mellon University - David A. Tepper School of Business and EDHEC Business School

Abstract:

26.

Investment and Insider Trading

REVIEW OF FINANCIAL STUDIES, Vol 8 No 2

Posted: 20 Dec 1998

Dan Bernhardt, Burton Hollifield and Eric N. Hughson

University of Illinois at Urbana-Champaign - Department of Economics, Carnegie Mellon University - David A. Tepper School of Business and Claremont McKenna College - Robert Day School of Economics and Finance

Abstract:

27.

Defensive Mechanisms and Managerial Discretion

J. OF FINANCE, Vol. 52 No. 4, September 1997

Posted: 07 Jul 1997

Ron Giammarino, Robert L. Heinkel and Burton Hollifield

University of British Columbia (UBC) - Sauder School of Business, Univeristy of British Columbia and Carnegie Mellon University - David A. Tepper School of Business

Burton Hollifield

Carnegie Mellon University - David A. Tepper School of Business

PNC Professor of Financial Economics

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Scholarly Papers (27)

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Liquidity Supply and Demand in Limit Order Markets

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Municipal Bond Markets

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Estimating the Gains from Trade in Limit Order Markets

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Empirical Analysis of Limit Order Markets

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