Roni Michaely

Johnson@Cornell Tech, Cornell University

Professor of Finanace

111 8th Avenue #302

New York, NY 10011

United States

SCHOLARLY PAPERS

53

DOWNLOADS
Rank 197

SSRN RANKINGS

Top 197

in Total Papers Downloads

52,723

CITATIONS
Rank 168

SSRN RANKINGS

Top 168

in Total Papers Citations

1,935

Scholarly Papers (53)

1.
Downloads 8,060 ( 502)
Citation 322

Payout Policy in the 21st Century

Tuck Contemporary Corporate Finance Issues III Conference Paper
Number of pages: 43 Posted: 03 Aug 2004
Duke University - Fuqua School of Business, Duke University - Fuqua School of Business, Duke University and Johnson@Cornell Tech, Cornell University
Downloads 7,776 (518)
Citation 322

Abstract:

Payout, Dividend policy, Share repurchases, Lintner model

Payout Policy in the 21st Century

NBER Working Paper No. w9657
Number of pages: 59 Posted: 23 May 2003
Duke University - Fuqua School of Business, Duke University, Duke University - Fuqua School of Business and Johnson@Cornell Tech, Cornell University
Downloads 284 (89,382)
Citation 322

Abstract:

2.
Downloads 6,408 ( 741)
Citation 193

Payout Policy

Number of pages: 148 Posted: 10 May 2002
Roni Michaely and Franklin Allen
Johnson@Cornell Tech, Cornell University and Imperial College London
Downloads 4,198 (1,530)
Citation 193

Abstract:

Payout policy, dividends, repurchases

Payout Policy

Ross School of Business Paper No. 1227
Number of pages: 119 Posted: 25 Feb 2014 Last Revised: 19 Nov 2016
Joan Farre-Mensa, Roni Michaely and Martin C. Schmalz
Cornerstone Research, Johnson@Cornell Tech, Cornell University and University of Michigan, Stephen M. Ross School of Business
Downloads 2,210 (4,695)
Citation 187

Abstract:

Payout Policy; Survey; Dividends; Share Repurchases

Payout Policy

Annual Review of Financial Economics, Vol. 6, pp. 75-134, 2014
Posted: 25 Nov 2014
Joan Farre-Mensa, Roni Michaely and Martin C. Schmalz
Cornerstone Research, Johnson@Cornell Tech, Cornell University and University of Michigan, Stephen M. Ross School of Business

Abstract:

Dividends, Share Repurchases, and the Substitution Hypothesis

AFA 2002 Atlanta Meetings
Number of pages: 51 Posted: 26 Apr 2000
Gustavo Grullon and Roni Michaely
Rice University - Jesse H. Jones Graduate School of Business and Johnson@Cornell Tech, Cornell University
Downloads 4,081 (1,614)
Citation 242

Abstract:

Dividends, Share Repurchases, and the Substitution Hypothesis

Journal of Finance, Vol. 57, pp. 1649-1684, 2002
Posted: 29 Dec 2003
Gustavo Grullon and Roni Michaely
Rice University - Jesse H. Jones Graduate School of Business and Johnson@Cornell Tech, Cornell University

Abstract:

4.

Dividend Changes Do Not Signal Changes in Future Profitability

Number of pages: 38 Posted: 08 Oct 2003
Rice University - Jesse H. Jones Graduate School of Business, Johnson@Cornell Tech, Cornell University, University of California at Los Angeles and University of Chicago - Booth School of Business
Downloads 2,251 (3,979)
Citation 47

Abstract:

5.
Downloads 1,696 ( 7,636)
Citation 50

Using Expectations to Test Asset Pricing Models

13th Annual Utah Winter Finance Conference
Number of pages: 46 Posted: 09 Jan 2003
Alon Brav, Reuven Lehavy and Roni Michaely
Duke University - Fuqua School of Business, University of Michigan, Stephen M. Ross School of Business and Johnson@Cornell Tech, Cornell University
Downloads 1,626 (7,969)
Citation 50

Abstract:

Using Expectations to Test Asset Pricing Models

Financial Management, Vol. 34, No. 3, Autumn 2005
Number of pages: 34 Posted: 22 Aug 2005
Alon Brav, Reuven Lehavy and Roni Michaely
Duke University - Fuqua School of Business, University of Michigan, Stephen M. Ross School of Business and Johnson@Cornell Tech, Cornell University
Downloads 70 (285,081)
Citation 50
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Abstract:

6.

Corporate Dividend Policies: Lessons from Private Firms

Number of pages: 50 Posted: 01 Sep 2006 Last Revised: 13 Dec 2011
Michael R. Roberts and Roni Michaely
The Wharton School - University of Pennsylvania; National Bureau of Economic Research (NBER) and Johnson@Cornell Tech, Cornell University
Downloads 1,691 (6,113)
Citation 20

Abstract:

Dividends, Payout Policy, Smoothing, Information Asymmetry, Agency Theory, Governance

7.

The Information Content of Share Repurchase Programs

Number of pages: 44 Posted: 30 Mar 2000
Gustavo Grullon and Roni Michaely
Rice University - Jesse H. Jones Graduate School of Business and Johnson@Cornell Tech, Cornell University
Downloads 1,666 (7,271)
Citation 128

Abstract:

8.

Competition in Investment Banking

Number of pages: 34 Posted: 26 Mar 2005
Katrina Ellis, Roni Michaely and Maureen O'Hara
Government of the Commonwealth of Australia - Australian Prudential Regulation Authority (APRA), Johnson@Cornell Tech, Cornell University and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 1,624 (7,730)
Citation 16

Abstract:

Investment banking, equity offerings, underwriting, analyst recommendations, market making

9.

Payout Policy in the 21th Century: The Data

Johnson School Research Paper Series No. 29-06
Number of pages: 50 Posted: 21 Nov 2005
Duke University - Fuqua School of Business, Duke University - Fuqua School of Business, Duke University and Johnson@Cornell Tech, Cornell University
Downloads 1,611 (6,753)
Citation 263

Abstract:

Payout, Dividend policy, Share repurchases, Survey, Survey data

10.

Do Earnings Estimates Add Value to Sell-Side Analysts' Investment Recommendations?

Management Science, Forthcoming
Number of pages: 48 Posted: 26 Sep 2009 Last Revised: 28 Jul 2016
Ambrus Kecskes, Roni Michaely and Kent L. Womack
York University - Schulich School of Business, Johnson@Cornell Tech, Cornell University and University of Toronto - Rotman School of Management (Deceased)
Downloads 1,409 (10,272)
Citation 5

Abstract:

Equity research analysts; Investment recommendations; Earnings estimates; Information; Valuation; Asset pricing; Trading strategy

11.
Downloads 1,163 ( 13,986)
Citation 77

Dynamic Volume-Return Relation of Individual Stocks

Number of pages: 45 Posted: 25 Oct 2000
Universidad Autonoma de Madrid, Johnson@Cornell Tech, Cornell University, Cornell University - Samuel Curtis Johnson Graduate School of Management and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 976 (17,887)
Citation 3

Abstract:

Dynamic Volume-Return Relation of Individual Stocks

NYU Working Paper No. FIN-00-032
Number of pages: 45 Posted: 04 Nov 2008
Universidad Autonoma de Madrid, Johnson@Cornell Tech, Cornell University, Cornell University - Samuel Curtis Johnson Graduate School of Management and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 120 (199,117)
Citation 77

Abstract:

Dynamic Volume-Return Relation of Individual Stocks

NBER Working Paper No. w8312
Number of pages: 55 Posted: 03 Jun 2001 Last Revised: 22 Oct 2010
Universidad Autonoma de Madrid, Johnson@Cornell Tech, Cornell University, Cornell University - Samuel Curtis Johnson Graduate School of Management and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 67 (292,077)
Citation 3

Abstract:

12.

The Deleveraging of U.S. Firms and Institutional Investors' Role

Number of pages: 62 Posted: 10 Oct 2011 Last Revised: 21 Jun 2017
Johnson@Cornell Tech, Cornell University, Duke University - Fuqua School of Business and U.S. Securities and Exchange Commission
Downloads 1,145 (14,314)

Abstract:

Corporate Leverage; Institutional Investors; Passive Institutions; Active Institutions; Hedge Funds; Corporate Governance; Shareholder Power; U.S. Securities and Exchange Commission; Agency Costs; Financial Distress; Financial Stability; Capital Structure; Debt Structure

13.

Corporate Payout Policy and Product Market Competition

AFA 2008 New Orleans Meetings Paper
Number of pages: 35 Posted: 20 Mar 2007
Gustavo Grullon and Roni Michaely
Rice University - Jesse H. Jones Graduate School of Business and Johnson@Cornell Tech, Cornell University
Downloads 1,130 (11,373)
Citation 9

Abstract:

Payout Policy, Dividends, Share Repurchases, Product Market Competition

14.

Determinants of Dividend Smoothing: Empirical Evidence

AFA 2011 Denver Meetings Paper, Johnson School Research Paper Series No. 18-2010
Number of pages: 74 Posted: 18 Mar 2010 Last Revised: 02 Jul 2011
Mark T. Leary and Roni Michaely
Washington University in St. Louis - Olin Business School and Johnson@Cornell Tech, Cornell University
Downloads 1,020 (15,143)
Citation 9

Abstract:

15.
Downloads 928 ( 19,674)
Citation 108

Institutional Holdings and Payout Policy

AFA 2003 Washington, DC Meetings
Number of pages: 44 Posted: 06 May 2002
Yaniv Grinstein and Roni Michaely
Cornell University - Samuel Curtis Johnson Graduate School of Management and Johnson@Cornell Tech, Cornell University
Downloads 928 (19,299)
Citation 108

Abstract:

Institutional Holdings and Payout Policy

Journal of Finance, Vol. 60, pp. 1389-1426, June 2005
Posted: 08 Nov 2005
Yaniv Grinstein and Roni Michaely
Cornell University - Samuel Curtis Johnson Graduate School of Management and Johnson@Cornell Tech, Cornell University

Abstract:

Dividend, Repurchase, Institutions

16.

The Nominal Price Puzzle

AFA 2007 Chicago Meetings Paper
Number of pages: 58 Posted: 16 Mar 2006
Kenan-Flagler Business School, UNC Chapel Hill, University of California at Los Angeles, Johnson@Cornell Tech, Cornell University and University of Chicago - Booth School of Business
Downloads 766 (24,516)
Citation 21

Abstract:

nominal prices, stock splits, norms

17.

Corporate Governance and the Timing of Earnings Announcements

Review of Finance, 2014, 18(6), 2003-2044
Number of pages: 54 Posted: 15 Mar 2011 Last Revised: 20 Jun 2015
Roni Michaely, Amir Rubin and Alexander Vedrashko
Johnson@Cornell Tech, Cornell University, Simon Fraser University (SFU) - Beedie School of Business and Simon Fraser University - Beedie School of Business
Downloads 751 (24,277)
Citation 3

Abstract:

Earning Announcements, Governance, Opportunism, Timing

On the Importance of Measuring Payout Yield: Implications for Empirical Asset Pricing

Number of pages: 37 Posted: 27 Dec 2003
Interdisciplinary Center (IDC) Herzliyah - Adelson School of Entrepreneuship, Johnson@Cornell Tech, Cornell University, New York University (NYU) - Department of Finance and The Wharton School - University of Pennsylvania; National Bureau of Economic Research (NBER)
Downloads 652 (32,010)
Citation 118

Abstract:

Stock Returns, Predictability, Dividend Yield, Share Repurchases, Measurement Error

On the Importance of Measuring Payout Yield: Implications for Empirical Asset Pricing

NBER Working Paper No. w10651
Number of pages: 75 Posted: 25 May 2006 Last Revised: 10 Aug 2010
Interdisciplinary Center (IDC) Herzliyah - Adelson School of Entrepreneuship, Johnson@Cornell Tech, Cornell University, New York University (NYU) - Department of Finance and The Wharton School - University of Pennsylvania; National Bureau of Economic Research (NBER)
Downloads 88 (248,009)
Citation 118

Abstract:

On the Importance of Measuring Payout Yield: Implications for Empirical Asset Pricing

Journal of Finance, Forthcoming
Posted: 07 Feb 2006
Interdisciplinary Center (IDC) Herzliyah - Adelson School of Entrepreneuship, Johnson@Cornell Tech, Cornell University, New York University (NYU) - Department of Finance and The Wharton School - University of Pennsylvania; National Bureau of Economic Research (NBER)

Abstract:

Stock Returns, Predictability, Dividend Yield, Share Repurchases, Measurement Error

19.

Product Market Competition and Agency Conflicts: Evidence from the Sarbanes Oxley Act

Posted: 19 Mar 2008 Last Revised: 23 Nov 2015
University of Miami, Rice University - Jesse H. Jones Graduate School of Business, Cornell University - Samuel Curtis Johnson Graduate School of Management and Johnson@Cornell Tech, Cornell University

Abstract:

20.

Evidence on the Tradeoff Between Risk and Return for Ipo and Seo Firms

Number of pages: 50 Posted: 06 Oct 2005
Duke University - Fuqua School of Business, Johnson@Cornell Tech, Cornell University, The Wharton School - University of Pennsylvania; National Bureau of Economic Research (NBER) and Federal Reserve Board
Downloads 632 (32,756)
Citation 8

Abstract:

Equity Offering, Private Debt, Institutional Lenders

21.

Managerial Response to the May 2003 Dividend Tax Cut

Number of pages: 34 Posted: 23 Jan 2007
Duke University - Fuqua School of Business, Duke University - Fuqua School of Business, Duke University and Johnson@Cornell Tech, Cornell University
Downloads 608 (33,675)
Citation 16

Abstract:

Payout, Dividend policy, Share repurchases, Tax cut, Press Release

Do Price Discreteness and Transactions Costs Affect Stock Returns? Comparing Ex-Dividend Pricing Before and After Decimalization

Number of pages: 45 Posted: 21 Jul 2002
John R. Graham, Roni Michaely and Michael R. Roberts
Duke University, Johnson@Cornell Tech, Cornell University and The Wharton School - University of Pennsylvania; National Bureau of Economic Research (NBER)
Downloads 608 (35,130)
Citation 54

Abstract:

Ex-dividend, transaction costs, taxes, decimalization

Do Price Discreteness and Transactions Costs Affect Stock Returns? Comparing Ex-dividend Pricing Before and After Decimalization

Journal of Finance, Forthcoming
Posted: 16 Feb 2003
John R. Graham, Roni Michaely and Michael R. Roberts
Duke University, Johnson@Cornell Tech, Cornell University and The Wharton School - University of Pennsylvania; National Bureau of Economic Research (NBER)

Abstract:

Ex-dividend, transaction costs, taxes, decimalization

23.

Financing Payouts

Ross School of Business Paper No. 1263
Number of pages: 73 Posted: 09 Dec 2014 Last Revised: 12 Apr 2017
Joan Farre-Mensa, Roni Michaely and Martin C. Schmalz
Cornerstone Research, Johnson@Cornell Tech, Cornell University and University of Michigan, Stephen M. Ross School of Business
Downloads 566 (8,853)

Abstract:

Payout policy, financing decisions, debt issues, equity issues, capital structure

24.

Why Firms Smooth Dividends: Empirical Evidence

Johnson School Research Paper Series No. 11-08
Number of pages: 58 Posted: 29 Sep 2008
Mark T. Leary and Roni Michaely
Washington University in St. Louis - Olin Business School and Johnson@Cornell Tech, Cornell University
Downloads 440 (46,314)
Citation 5

Abstract:

25.

Do Investors Value Dividend Smoothing Stocks Differently?

Forthcoming, Management Science, Johnson School Research Paper Series No. 17-2012
Number of pages: 42 Posted: 17 Mar 2012 Last Revised: 01 May 2016
Yelena Larkin, Mark T. Leary and Roni Michaely
Schulich School of Business, York University, Washington University in St. Louis - Olin Business School and Johnson@Cornell Tech, Cornell University
Downloads 424 (56,410)
Citation 3

Abstract:

dividend, payout, dividend smoothing, institutions

26.

Product Market Competition and Internal Governance: Evidence from the Sarbanes Oxley Act

AFA 2013 San Diego Meetings Paper, Forthcoming, Management Science, Johnson School Research Paper Series No. 18-2012
Number of pages: 45 Posted: 20 Mar 2012 Last Revised: 24 Nov 2015
University of Miami, Cornell University - Samuel Curtis Johnson Graduate School of Management, Rice University - Jesse H. Jones Graduate School of Business and Johnson@Cornell Tech, Cornell University
Downloads 419 (38,848)
Citation 2

Abstract:

Corporate Governance, Product Market Competition, Sarbanes Oxley

Do Dividend Taxes Affect Corporate Investment

CESifo Working Paper Series No. 4931
Number of pages: 34 Posted: 16 Sep 2014
Annette Alstadsæter, Martin Jacob and Roni Michaely
School of Economics and Business, NMBU, WHU - Otto Beisheim School of Management and Johnson@Cornell Tech, Cornell University
Downloads 202 (126,904)

Abstract:

investment, dividend taxation, private firms

Do Dividend Taxes Affect Corporate Investment?

FAccT Center Working Paper Nr. 15/2014
Number of pages: 39 Posted: 23 Jul 2014 Last Revised: 21 Jan 2015
Annette Alstadsæter, Martin Jacob and Roni Michaely
School of Economics and Business, NMBU, WHU - Otto Beisheim School of Management and Johnson@Cornell Tech, Cornell University
Downloads 137 (179,267)

Abstract:

Investment, Dividend Taxation, Private Firms

28.
Downloads 308 ( 81,960)
Citation 6

Risk or Mispricing? From the Mouths of Professionals

Number of pages: 37 Posted: 23 Aug 2002
Robert J. Bloomfield and Roni Michaely
Cornell University - Samuel Curtis Johnson Graduate School of Management and Johnson@Cornell Tech, Cornell University
Downloads 297 (84,915)
Citation 6

Abstract:

Risk or Mispricing? From the Mouths of Professionals

Financial Management, Vol. 33, No. 3, 2004
Number of pages: 22 Posted: 20 Aug 2004
Robert J. Bloomfield and Roni Michaely
Cornell University - Samuel Curtis Johnson Graduate School of Management and Johnson@Cornell Tech, Cornell University
Downloads 11 (520,059)
Citation 6
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Abstract:

29.

Taxation and Dividend Policy: The Muting Effect of Agency Issues and Shareholder Conflicts

Review of Financial Studies, Forthcoming
Number of pages: 56 Posted: 01 Nov 2014 Last Revised: 28 Jan 2017
Martin Jacob and Roni Michaely
WHU - Otto Beisheim School of Management and Johnson@Cornell Tech, Cornell University
Downloads 273 (33,309)

Abstract:

Payout Policy, Dividend Taxes, Agency Costs, Ownership Structure

30.

Does the Scope of Sell-Side Analyst Industry Matter? An Examination of Bias, Accuracy and Information Content of Analyst Reports

Journal of Finance, Forthcoming
Number of pages: 61 Posted: 06 Jun 2013 Last Revised: 25 May 2016
Kenneth J. Merkley, Roni Michaely and Joseph Pacelli
Cornell University - Samuel Curtis Johnson Graduate School of Management, Johnson@Cornell Tech, Cornell University and Indiana University - Kelley School of Business - Department of Accounting
Downloads 273 (27,703)

Abstract:

Analyst Industry, Sell-side equity analysts, Analyst reports, earnings forecasts, IPOs

31.

Are Friday Announcements Special? Overcoming Selection Bias

Journal of Financial Economics (JFE), Forthcoming, American Finance Association 2016 San Francisco Meetings
Number of pages: 52 Posted: 21 Oct 2012 Last Revised: 21 Apr 2016
Roni Michaely, Amir Rubin and Alexander Vedrashko
Johnson@Cornell Tech, Cornell University, Simon Fraser University (SFU) - Beedie School of Business and Simon Fraser University - Beedie School of Business
Downloads 226 (51,441)
Citation 1

Abstract:

Inattention; Friday; Selection bias; Corporate announcements; Market reaction

Price Reactions to Dividend Initiations and Omissions: Overreaction or Drift?

NBER Working Paper No. w4778
Number of pages: 45 Posted: 01 Jul 2003
Roni Michaely, Richard H. Thaler and Kent L. Womack
Johnson@Cornell Tech, Cornell University, University of Chicago - Booth School of Business and University of Toronto - Rotman School of Management (Deceased)
Downloads 188 (135,861)
Citation 180

Abstract:

Price Reactions to Dividend Initiations and Omissions: Overreaction or Drift?

JOURNAL OF FINANCE, Vol 50 No 2, June 1995
Posted: 10 May 2000
Roni Michaely, Richard H. Thaler and Kent L. Womack
Johnson@Cornell Tech, Cornell University, University of Chicago - Booth School of Business and University of Toronto - Rotman School of Management (Deceased)

Abstract:

33.

Trading in the Presence of Short-Lived Private Information: Evidence from Analyst Recommendation Changes

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 67 Posted: 23 Apr 2014 Last Revised: 25 May 2017
Ohad Kadan, Roni Michaely and Pamela C. Moulton
Washington University in St. Louis - John M. Olin Business School, Johnson@Cornell Tech, Cornell University and Cornell University
Downloads 173 (72,360)

Abstract:

private information, analyst recommendations, institutional trading, individual trading

34.

Owners' Portfolio Diversification and Firm Investment: Theory and Evidence from Private and Public Firms

Johnson School Research Paper Series No. 18-2013
Number of pages: 79 Posted: 16 Mar 2013 Last Revised: 05 May 2017
Boston University, University of Manchester - Manchester Business School, Johnson@Cornell Tech, Cornell University and University of Manchester - Manchester Business School
Downloads 170 (81,350)

Abstract:

diversification, strategies, private firms

35.

Are U.S. Industries Becoming More Concentrated?

Number of pages: 68 Posted: 31 May 2015 Last Revised: 07 Sep 2017
Gustavo Grullon, Yelena Larkin and Roni Michaely
Rice University - Jesse H. Jones Graduate School of Business, Schulich School of Business, York University and Johnson@Cornell Tech, Cornell University
Downloads 119 (3,580)

Abstract:

industry concentration; HHI; product markets; profit margins; publicly-traded firms; M&A; antitrust

36.

Further Evidence on the Strategic Timing of Earnings News: Joint Analysis of Weekdays and Times of Day

Forthcoming in Journal of Accounting and Economics
Number of pages: 51 Posted: 23 Jul 2015 Last Revised: 03 May 2016
Roni Michaely, Amir Rubin and Alexander Vedrashko
Johnson@Cornell Tech, Cornell University, Simon Fraser University (SFU) - Beedie School of Business and Simon Fraser University - Beedie School of Business
Downloads 64 (91,979)

Abstract:

earnings announcements, timing, Friday evening, inattention, hiding news, post-earnings announcement drift

37.

Nominal Share Price Puzzle

Journal of Economic Perspectives, Vol. 23, No. 2, pp. 121-42, Spring 2009
Number of pages: 22 Posted: 27 Apr 2010
Kenan-Flagler Business School, UNC Chapel Hill, Johnson@Cornell Tech, Cornell University, University of Chicago - Booth School of Business and University of California at Los Angeles
Downloads 53 (242,605)
Citation 16

Abstract:

nominal prices, stock splits, norms

38.

Does Policy Analysis Matter? The Value of Washington Analysts to Investment and Capital Markets

Number of pages: 46 Posted: 10 Aug 2017 Last Revised: 13 Aug 2017
Daniel Bradley, Sinan Gokkaya, Xi Liu and Roni Michaely
University of South Florida, Department of Finance, Ohio University, Miami University of Ohio - Richard T. Farmer School of Business Administration and Johnson@Cornell Tech, Cornell University
Downloads 0 (327,555)

Abstract:

Analyst research, analyst reports, stock recommendations, trading commissions, policy research, political uncertainty, capital markets, analyst coverage

39.

Initial Public Offerings: A Synthesis of the Literature and Directions for Future Research

Forthcoming Foundations and Trends in Finance
Number of pages: 186 Posted: 07 Feb 2017 Last Revised: 28 Aug 2017
Michelle Lowry, Roni Michaely and Ekaterina Volkova
Drexel University, Johnson@Cornell Tech, Cornell University and University of Melbourne - Faculty of Business and Economics
Downloads 0 (29,584)

Abstract:

40.

Stock Liquidity and Dividend Policy: Dividend Policy Changes Following an Exogenous Liquidity Shock

Number of pages: 43 Posted: 07 Jan 2017 Last Revised: 19 Mar 2017
Roni Michaely and Meijun Qian
Johnson@Cornell Tech, Cornell University and Australian National University (ANU) - College of Business and Economics
Downloads 0 (58,763)

Abstract:

liquidity, payout policy, dividend

41.

Information Revelation Through Regulatory Process: Interactions between the SEC and Companies Ahead of the IPO

Number of pages: 60 Posted: 02 Jul 2016 Last Revised: 30 Aug 2016
Michelle Lowry, Roni Michaely and Ekaterina Volkova
Drexel University, Johnson@Cornell Tech, Cornell University and University of Melbourne - Faculty of Business and Economics
Downloads 0 (158,726)

Abstract:

Regulation, IPO, Disclosure

42.

Consumption Taxes and Corporate Investment

Number of pages: 51 Posted: 25 Jun 2016 Last Revised: 13 Sep 2017
Martin Jacob, Roni Michaely and Maximilian A. Müller
WHU - Otto Beisheim School of Management, Johnson@Cornell Tech, Cornell University and WHU - Otto Beisheim School of Management
Downloads 0 (229,347)

Abstract:

Consumption Tax, Investment, Tax Policy

43.

What Do Insiders Know? Evidence from Insider Trading Around Share Repurchases and SEOs

27th Annual Conference on Financial Economics and Accounting Paper
Number of pages: 46 Posted: 16 Feb 2016 Last Revised: 03 Aug 2017
Peter Cziraki, Evgeny Lyandres and Roni Michaely
University of Toronto - Department of Economics, Boston University and Johnson@Cornell Tech, Cornell University
Downloads 0 (25,528)

Abstract:

Insider Trading, Repurchases, Seasoned Equity Offers, Market Efficiency

44.

Are Dividend Changes a Sign of Firm Maturity?

The Journal of Business, Vol. 75, No. 3, July 2002
Posted: 22 Jul 2003
Rice University - Jesse H. Jones Graduate School of Business, Johnson@Cornell Tech, Cornell University and LSV Asset Management

Abstract:

45.

Dividends and Taxes: A Re-Examination

Financial Management, Vol. 29, No. 2, Summer 2000
Posted: 14 Jun 2001
Avner Kalay and Roni Michaely
Tel Aviv University - Faculty of Management and Johnson@Cornell Tech, Cornell University

Abstract:

46.

The Accuracy of Trade Classification Rules: Evidence from Nasdaq

Journal of Financial and Quantitative Analysis, December 2000
Posted: 19 Feb 2001
Maureen O'Hara, Katrina Ellis and Roni Michaely
Cornell University - Samuel Curtis Johnson Graduate School of Management, Government of the Commonwealth of Australia - Australian Prudential Regulation Authority (APRA) and Johnson@Cornell Tech, Cornell University

Abstract:

47.

The Effect of Tax Heterogeneity on Prices and Volume Around the Ex-Dividend Day: Evidence From the Milan Stock Exchange

REVIEW OF FINANCIAL STUDIES, Vol 8
Posted: 16 May 2000
Roni Michaely and Maurizio Murgia
Johnson@Cornell Tech, Cornell University and Free University of Bolzano-Bozen Faculty of Economics and Management

Abstract:

48.

Investors' Heterogeneity, Prices, and Volume Around the Ex- Dividend Day

JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS, Vol 30 No 2, June 1995
Posted: 12 May 2000
Roni Michaely and Jean-Luc Vila
Johnson@Cornell Tech, Cornell University and Convergence Asset Management

Abstract:

49.

Dividend Policy

Rodney L White Center for Financial Research, 14-94
Posted: 26 Aug 1999
Franklin Allen and Roni Michaely
Imperial College London and Johnson@Cornell Tech, Cornell University

Abstract:

50.

Conflict of Interest and the Credibility of Underwriters Analyst Recommendations

Review of Financial Studies, Vol. 12, Issue 3, 1999
Posted: 08 May 1999
Roni Michaely and Kent L. Womack
Johnson@Cornell Tech, Cornell University and University of Toronto - Rotman School of Management (Deceased)

Abstract:

51.

Trading Volume with Private Valuation: Evidence from the Ex-Dividend Day

REVIEW OF FINANCIAL STUDIES, Vol. 9 No. 2
Posted: 05 May 1998
Roni Michaely and Jean-Luc Villa
Johnson@Cornell Tech, Cornell University and Massachusetts Institute of Technology (MIT)

Abstract:

52.

Conflict of Interest and the Credibility of Underwriter Analyst Recommendations

Posted: 26 Apr 1998
Roni Michaely and Kent L. Womack
Johnson@Cornell Tech, Cornell University and University of Toronto - Rotman School of Management (Deceased)

Abstract:

53.

Do Investors Ignore Dividend Taxation? A Re-examination of the Citizens Utilities Case

J. OF FINANCIAL AND QUANTITATIVE ANALYSIS, March 1997
Posted: 31 Mar 1997
Jeff Hubbard and Roni Michaely
Cornell University - Samuel Curtis Johnson Graduate School of Management and Johnson@Cornell Tech, Cornell University

Abstract: