Marc L. Lipson

University of Virginia - Darden School of Business

Professor

P.O. Box 6550

Charlottesville, VA 22906-6550

United States

http://www.darden.virginia.edu/faculty/lipson.htm

SCHOLARLY PAPERS

43

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CITATIONS
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267

Scholarly Papers (43)

1.

Liquidity and Capital Structure

Journal of Financial Markets, Forthcoming, Darden Business School Working Paper
Number of pages: 49 Posted: 02 Mar 2006 Last Revised: 14 Jul 2013
Marc L. Lipson and Sandra Mortal
University of Virginia - Darden School of Business and University of Alabama - Culverhouse College of Commerce & Business Administration
Downloads 1,715 (5,681)
Citation 11

Abstract:

Capital structure, Liquidity, Market microstructure

2.
Downloads 1,060 ( 15,811)
Citation 11

On the Scope and Drivers of the Asset Growth Effect

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming, Darden Business School Working Paper No. 1341298
Number of pages: 68 Posted: 12 Feb 2009 Last Revised: 14 Jul 2013
Marc L. Lipson, Sandra Mortal and Michael J. Schill
University of Virginia - Darden School of Business, University of Alabama - Culverhouse College of Commerce & Business Administration and University of Virginia ­ Darden School of Business
Downloads 675 (29,942)
Citation 11

Abstract:

Investment; Stock returns; Arbitrage costs; Market efficiency

What Explains the Asset Growth Effect in Stock Returns?

Number of pages: 46 Posted: 23 Mar 2009
Marc L. Lipson, Sandra Mortal and Michael J. Schill
University of Virginia - Darden School of Business, University of Alabama - Culverhouse College of Commerce & Business Administration and University of Virginia ­ Darden School of Business
Downloads 385 (61,754)
Citation 11

Abstract:

Arbitrage risk, Asset Growth, Mispricing, Transaction costs, Holding costs

Liquidity and Firm Characteristics: Evidence from Mergers and Acquisitions

Number of pages: 37 Posted: 13 Jul 2003
Marc L. Lipson and Sandra Mortal
University of Virginia - Darden School of Business and University of Alabama - Culverhouse College of Commerce & Business Administration
Downloads 946 (18,375)
Citation 8

Abstract:

Mergers and Acquisitions, Liquidity, Diversification, Analyst Following, Market Microstructure

Liquidity and Firm Characteristics: Evidence from Mergers and Acquisitions

Journal of Financial Markets, Forthcoming
Posted: 20 Nov 2006
Marc L. Lipson and Sandra Mortal
University of Virginia - Darden School of Business and University of Alabama - Culverhouse College of Commerce & Business Administration

Abstract:

Mergers and Acquisitions, Liquidity, Diversification, Analyst Following, Market Microstructure

4.

The Effects of Institutional Ownership and Monitoring: Evidence from Financial Restatements

Number of pages: 32 Posted: 07 Feb 2006
Natasha Burns, Simi Kedia and Marc L. Lipson
University of Texas at San Antonio - Department of Finance, Rutgers Business School and University of Virginia - Darden School of Business
Downloads 878 (18,825)
Citation 18

Abstract:

5.

The Effects of Opening and Closing Procedures on the NYSE and Nasdaq

AFA 2001 New Orleans Meetings
Number of pages: 36 Posted: 19 Jan 2001
Jeffrey Michael Bacidore and Marc L. Lipson
Investment Technology Group, Inc. and University of Virginia - Darden School of Business
Downloads 725 (25,922)
Citation 4

Abstract:

6.

Baker Adhesives

Darden Case No. UVA-F-1516
Number of pages: 6 Posted: 21 Oct 2008
Marc L. Lipson
University of Virginia - Darden School of Business
Downloads 512 (35,111)

Abstract:

finance, introduction, hedging, international

7.

Tipping

AFA 2005 Philadelphia Meetings
Number of pages: 40 Posted: 02 Jan 2005
Paul J. Irvine, Andy Puckett and Marc L. Lipson
Neeley School of Business, University of Tennessee, Knoxville and University of Virginia - Darden School of Business
Downloads 492 (42,544)
Citation 57

Abstract:

8.

Capital Structure and Value

Darden Case No. UVA-F-1611
Number of pages: 9 Posted: 07 Apr 2010
Marc L. Lipson
University of Virginia - Darden School of Business
Downloads 467 (40,379)

Abstract:

capital structure, valuation

The Effects of Stock Splits on Clientele: Is Tick Size Relevant?

Number of pages: 38 Posted: 04 May 2005
Marc L. Lipson and Sandra Mortal
University of Virginia - Darden School of Business and University of Alabama - Culverhouse College of Commerce & Business Administration
Downloads 353 (68,381)
Citation 4

Abstract:

Stock splits, Tick size, Clientele

The Effects of Stock Splits on Clientele: Is Tick Size Relevant?

Journal of Corporate Finance, Forthcoming
Posted: 20 Nov 2006
Marc L. Lipson and Sandra Mortal
University of Virginia - Darden School of Business and University of Alabama - Culverhouse College of Commerce & Business Administration

Abstract:

Stock splits, Tick size, Clientele

10.

Institutional Trading During Extreme Market Movements

Number of pages: 39 Posted: 24 Mar 2005
Andy Puckett and Marc L. Lipson
University of Tennessee, Knoxville and University of Virginia - Darden School of Business
Downloads 347 (66,969)
Citation 10

Abstract:

institutions, pension funds, money managers, herding

11.

Price Impacts and Quote Adjustment on the Nasdaq and NYSE/AMEX

Paine Webber Working Paper No. 99-08
Number of pages: 36 Posted: 07 Oct 1999
Charles M. Jones and Marc L. Lipson
Columbia Business School - Finance and Economics and University of Virginia - Darden School of Business
Downloads 339 (68,984)
Citation 6

Abstract:

12.

The Development of Secondary Market Liquidity for NYSE-Listed IPOs

Number of pages: 45 Posted: 23 Feb 2002
Shane A. Corwin, Jeffrey H. Harris and Marc L. Lipson
University of Notre Dame - Mendoza College of Business, American University and University of Virginia - Darden School of Business
Downloads 292 (82,944)
Citation 21

Abstract:

IPO, secondary market, liquidity, limit orders, stabilization

13.
Downloads 256 ( 98,680)
Citation 27

Execution Costs of Institutional Equity Orders

Paine Webber Working Paper No. 99-01
Number of pages: 28 Posted: 07 Oct 1999
Charles M. Jones and Marc L. Lipson
Columbia Business School - Finance and Economics and University of Virginia - Darden School of Business
Downloads 256 (98,184)
Citation 27

Abstract:

Execution Costs of Institutional Equity Orders

Journal of Financial Intermediation, Vol. 8, Iss. 3, July 1999
Posted: 01 Nov 1999
Charles M. Jones and Marc L. Lipson
Columbia Business School - Finance and Economics and University of Virginia - Darden School of Business

Abstract:

14.

Structured Analysis: Portfolio Selection and the Capital Asset Pricing Model

Darden Case No. UVA-F-1604
Number of pages: 6 Posted: 05 Apr 2010
Marc L. Lipson
University of Virginia - Darden School of Business
Downloads 227 (89,625)

Abstract:

investment analysis, portfolio management

15.

Crocs, Inc

Darden Case No. UVA-F-1589
Number of pages: 17 Posted: 05 Apr 2010
Marc L. Lipson and Gaurav Gupta
University of Virginia - Darden School of Business and Lovely Professional University
Downloads 217 (91,119)

Abstract:

discounted cash flow, valuation

16.

Sixteenths: Direct Evidence on Institutional Execution Costs

Paine Webber Working Paper No. 99-03
Number of pages: 35 Posted: 07 Oct 1999
Charles M. Jones and Marc L. Lipson
Columbia Business School - Finance and Economics and University of Virginia - Darden School of Business
Downloads 207 (117,305)
Citation 72

Abstract:

17.

Competition Among Market Centers

AFA 2004 San Diego Meetings
Number of pages: 48 Posted: 08 Dec 2003
Marc L. Lipson
University of Virginia - Darden School of Business
Downloads 192 (128,769)
Citation 14

Abstract:

18.

Alliance Concrete

Darden Case No. UVA-F-1527
Number of pages: 7 Posted: 21 Oct 2008
Marc L. Lipson
University of Virginia - Darden School of Business
Downloads 182 (116,790)
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Abstract:

debt policy, forecasting, growth management

19.

Can Financial Markets Inform Operational Improvement Efforts? Evidence from the Airline Industry

MSOM, Forthcoming
Number of pages: 37 Posted: 05 Mar 2011 Last Revised: 23 May 2013
London Business School - Department of Management Science and Operations, University of North Carolina (UNC) at Chapel Hill - Department of Economics and University of Virginia - Darden School of Business
Downloads 165 (133,814)
Citation 1

Abstract:

Operations Management, Abnormal Returns, Airline Industry

20.

Order Characteristics and the Sources of Commonality in Prices and Liquidity

Journal of Financial Markets, Forthcoming
Number of pages: 57 Posted: 22 Jul 2008 Last Revised: 31 Mar 2011
Shane A. Corwin and Marc L. Lipson
University of Notre Dame - Mendoza College of Business and University of Virginia - Darden School of Business
Downloads 135 (169,205)
Citation 3

Abstract:

Commonality, Order Flow, Liquidity, Program Trading

21.

Parity Conditions in International Markets

Darden Case No. UVA-F-1572
Number of pages: 17 Posted: 05 Apr 2010
Marc L. Lipson
University of Virginia - Darden School of Business
Downloads 94 (215,501)
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Abstract:

parity conditions, international finance, exchange rates, inflation

22.

Kelly Solar

Darden Case No. UVA-F-1614
Number of pages: 3 Posted: 07 Apr 2010
University of Virginia - Darden School of Business, University of Virginia - Darden School of Business and University of Virginia - Darden School of Business
Downloads 86 (204,292)

Abstract:

entrepreneurs, bargaining/bidding

23.

Economic Exposure

Darden Case No. UVA-F-1603
Number of pages: 11 Posted: 05 Apr 2010
Marc L. Lipson
University of Virginia - Darden School of Business
Downloads 85 (209,736)
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Abstract:

currency exchange rate change hedge hedging exposure operating transaction

24.

Pittinos Financial Advisers, Llc

Darden Case No. UVA-F-1599
Number of pages: 10 Posted: 05 Apr 2010
Marc L. Lipson and Richard B. Evans
University of Virginia - Darden School of Business and University of Virginia - Darden School of Business
Downloads 73 (238,965)
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Abstract:

financial adviser strategy forecasting

25.

Hedged Cost of Funds and Interest Rate Arbitrage

Darden Case No. UVA-F-1565
Number of pages: 13 Posted: 14 Jun 2009
Marc L. Lipson
University of Virginia - Darden School of Business
Downloads 45 (308,983)
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Abstract:

international, hedged borrowing, interest rate arbitrage

26.

Danaher Corporation: The Hach Sl1000 Portable Parallel Water Analyzer

Darden Case No. UVA-S-0261
Number of pages: 15 Posted: 02 Jun 2017
Marc L. Lipson
University of Virginia - Darden School of Business
Downloads 0 (561,191)
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Abstract:

laboratory solutions, water quality, product development, stakeholder value, enterprise perspective, marketing, market penetration, best practices, competition, pricing, lean, growth, leadership

27.

Vale Sa

Darden Case No. UVA-F-1633
Number of pages: 11 Posted: 30 May 2017
Marc L. Lipson and Vahid Gholampour
University of Virginia - Darden School of Business and Bucknell University
Downloads 0 (561,191)
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Abstract:

hedged cost of funds, foreign bonds, Brazil, financing, corporate borrowing rates, market conditions

28.

Geo Tech

Darden Case No. UVA-F-1650
Number of pages: 6 Posted: 30 May 2017
Marc L. Lipson
University of Virginia - Darden School of Business
Downloads 0 (561,191)
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Abstract:

capital budgeting, foreign currency, exchange rate, revenue, costs

29.

Carded Graphics, Llc: Sheeter Replacement Decision

Darden Case No. UVA-F-1606
Number of pages: 14 Posted: 30 May 2017
Marc L. Lipson and Irene Mastelli
University of Virginia - Darden School of Business and University of Virginia - Darden School of Business
Downloads 0 (561,191)
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Abstract:

Capital Budgeting, Operations, WACC, Folding Carton

30.

Medfield Pharmaceuticals

Darden Case No. UVA-F-1636
Number of pages: 13 Posted: 30 May 2017
Marc L. Lipson, Jenny Mead and Jared D. Harris
University of Virginia - Darden School of Business, University of Virginia - Darden School of Business and University of Virginia - Darden School of Business
Downloads 0 (561,191)
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Abstract:

finance, pharmaceutical, ethical issues, patent life, financial objectives, valuation, drug reformulation, ethics, cash flow, financial analysis

31.

Monsanto Company

Darden Case No. UVA-F-1597
Number of pages: 9 Posted: 30 May 2017
Marc L. Lipson and Rick Green
University of Virginia - Darden School of Business and University of Virginia - Darden School of Business
Downloads 0 (561,191)
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Abstract:

forecast, financial statements

32.

Central Express Trucking

Darden Case No. UVA-F-1768
Number of pages: 10 Posted: 30 May 2017
Marc L. Lipson
University of Virginia - Darden School of Business
Downloads 0 (561,191)
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Abstract:

fuel prices, trucking, fuel price fluctuations

33.

H. J. Heinz: Estimating the Cost of Capital in Uncertain Times

Darden Case No. UVA-F-1634
Number of pages: 8 Posted: 30 May 2017
Marc L. Lipson
University of Virginia - Darden School of Business
Downloads 0 (561,191)
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Abstract:

Cost of Capital, WACC, Discount Rate, Cost of Debt

34.

Hightrek Hoop House

Darden Case No. UVA-F-1748
Number of pages: 2 Posted: 30 May 2017
Marc L. Lipson
University of Virginia - Darden School of Business
Downloads 0 (561,191)
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Abstract:

cash flows, investment analysis, production costs

35.

Diseconomies of Scope and Mutual Fund Performance

Darden Business School Working Paper No. 2874975
Number of pages: 42 Posted: 27 Nov 2016 Last Revised: 01 Mar 2017
Richard B. Evans, Javier Gil-Bazo and Marc L. Lipson
University of Virginia - Darden School of Business, Universitat Pompeu Fabra and University of Virginia - Darden School of Business
Downloads 0 (91,119)

Abstract:

mutual fund managers, performance persistence, diseconomies of scale, diseconomies of scope

36.

Dricol Ltda.

Darden Case No. UVA-F-1578
Number of pages: 10 Posted: 14 Jun 2009
Marc L. Lipson
University of Virginia - Darden School of Business
Downloads 0 (466,956)

Abstract:

acquisitions, forecasting, valuation, international

37.

Panera Bread Company

Darden Case No. UVA-F-1575
Number of pages: 8 Posted: 14 Jun 2009
Marc L. Lipson
University of Virginia - Darden School of Business
Downloads 0 (109,836)
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Abstract:

balance sheet forecast external markets equity permanent debt financing

38.

Clear, Complete, and Concise: Avoiding the Seven Deadly Sins of Analytic Writing

Darden Case No. UVA-BC-0221
Number of pages: 11 Posted: 09 Jun 2009
Marc L. Lipson
University of Virginia - Darden School of Business
Downloads 0 (22,346)
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Abstract:

analytic writing concise communication

39.

Alliance Concrete: Just One More Thing

Darden Case No. UVA-F-1535
Number of pages: 5 Posted: 21 Oct 2008
Marc L. Lipson
University of Virginia - Darden School of Business
Downloads 0 (219,874)
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Abstract:

valuation, subsidiary, cost of capital, free cash flow, forecast, sensitivity

40.

Transactions, Volume and Volatility

REVIEW OF FINANCIAL STUDIES, Vol 7 No 4, 1994
Posted: 03 May 2000
Charles M. Jones, Gautam Kaul and Marc L. Lipson
Columbia Business School - Finance and Economics, University of Michigan, Stephen M. Ross School of Business and University of Virginia - Darden School of Business

Abstract:

41.

Why do Public Companies Begin Paying Dividends?

Posted: 25 Sep 1999
University of Chile - Diagonal Paraguay, University of Virginia - Darden School of Business and University of Oklahoma

Abstract:

42.

Dividend Initiations and Earnings Surprises

Financial Management, Vol. 27, No. 3, Autumn 1998, Special Issue: Dividends
Posted: 03 Feb 1999
University of Virginia - Darden School of Business, University of Chile - Diagonal Paraguay and University of Oklahoma

Abstract:

43.

Continuations, Reversals, and Adverse Selection on the NASDAQ and NYSE/AMEX

Posted: 03 Nov 1998
Charles M. Jones and Marc L. Lipson
Columbia Business School - Finance and Economics and University of Virginia - Darden School of Business

Abstract:

Other Papers (1)

Total Downloads: 50    Citations: 1
1.

Monitoring by Institutional Investors: Evidence from Ownership Changes and Trading Behavior Around Restatements

Number of pages: 34 Posted: 26 Mar 2005
Natasha Burns, Simi Kedia and Marc L. Lipson
University of Texas at San Antonio - Department of Finance, Rutgers Business School and University of Virginia - Darden School of Business
Downloads 47
Citation 1

Abstract:

Large Shareholder monitoring, accounting restatements