Robert W. Vishny

University of Chicago - Booth School of Business

Distinguished Service Professor of Finance

5807 S. Woodlawn Avenue

Chicago, IL 60637

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

42

DOWNLOADS
Rank 389

SSRN RANKINGS

Top 389

in Total Papers Downloads

37,147

CITATIONS
Rank 3

SSRN RANKINGS

Top 3

in Total Papers Citations

13,174

Scholarly Papers (42)

1.
Downloads 18,527 ( 89)
Citation 1,125

Investor Protection and Corporate Governance

Number of pages: 40 Posted: 27 Jul 2000
Dartmouth College - Tuck School of Business, SKEMA Business School, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 14,272 (162)
Citation 1,125

Abstract:

Investor Protection and Corporate Valuation

Harvard Institute of Economics Research Paper No. 1882
Number of pages: 45 Posted: 13 Dec 1999
Dartmouth College - Tuck School of Business, SKEMA Business School, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 3,543 (1,954)
Citation 1,125

Abstract:

Investor Protection and Corporate Valuation

NBER Working Paper No. w7403
Number of pages: 44 Posted: 26 Jul 2000
Dartmouth College - Tuck School of Business, SKEMA Business School, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 712 (27,221)
Citation 1,125

Abstract:

Investor Protection and Corporate Valuation

Journal of Finance, Vol. 57, pp. 1147-1170, 2002
Posted: 29 Nov 2003
Dartmouth College - Tuck School of Business, SKEMA Business School, Harvard University - Department of Economics and University of Chicago - Booth School of Business

Abstract:

2.
Downloads 3,230 ( 2,355)
Citation 385

Agency Problems and Dividend Policies around the World

Harvard Institute of Economic Research Paper No. 1839
Number of pages: 36 Posted: 14 Jan 1998
SKEMA Business School, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 2,880 (2,838)
Citation 384

Abstract:

Agency Problems and Dividend Policies Around the World

NBER Working Paper No. w6594
Number of pages: 40 Posted: 10 Jul 2000
Dartmouth College - Tuck School of Business, SKEMA Business School, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 350 (67,709)
Citation 385

Abstract:

3.
Downloads 3,050 ( 2,607)
Citation 337

Stock Market Driven Acquisitions

Number of pages: 29 Posted: 04 Oct 2001
Andrei Shleifer and Robert W. Vishny
Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 2,923 (2,767)
Citation 337

Abstract:

Stock Market Driven Acquisitions

NBER Working Paper No. w8439
Number of pages: 29 Posted: 20 Aug 2001
Andrei Shleifer and Robert W. Vishny
Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 127 (184,134)
Citation 337

Abstract:

4.
Downloads 2,309 ( 4,222)
Citation 1,585

A Survey of Corporate Governance

NBER Working Paper No. w5554
Number of pages: 80 Posted: 28 Oct 1996
Andrei Shleifer and Robert W. Vishny
Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 2,309 (4,133)
Citation 1,585

Abstract:

A Survey of Corporate Governance

Journal of Finance Volume 52, No. 2, 1997
Posted: 23 Jun 1998
Andrei Shleifer and Robert W. Vishny
Harvard University - Department of Economics and University of Chicago - Booth School of Business

Abstract:

5.
Downloads 1,128 ( 14,010)
Citation 8

A Model of Shadow Banking

Journal of Finance, Forthcoming
Number of pages: 65 Posted: 08 May 2012
Nicola Gennaioli, Andrei Shleifer and Robert W. Vishny
Bocconi University - Department of Finance, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 725 (26,507)
Citation 8

Abstract:

A Model of Shadow Banking

Chicago Booth Research Paper No. 12-38, Fama-Miller Working Paper
Number of pages: 66 Posted: 21 Aug 2012
Nicola Gennaioli, Andrei Shleifer and Robert W. Vishny
Bocconi University - Department of Finance, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 341 (69,869)
Citation 8

Abstract:

A Model of Shadow Banking

NBER Working Paper No. w17115
Number of pages: 56 Posted: 12 Jun 2011
Nicola Gennaioli, Andrei Shleifer and Robert W. Vishny
Bocconi University - Department of Finance, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 62 (294,619)
Citation 8

Abstract:

6.
Downloads 995 ( 16,961)
Citation 1,498

Legal Determinants of External Finance

NBER Working Paper No. w5879
Number of pages: 30 Posted: 12 Mar 1997
Dartmouth College - Tuck School of Business, SKEMA Business School, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 995 (16,649)
Citation 1,498

Abstract:

Legal Determinants of External Finance

Journal of Finance, Vol. 52, No. 2 (1997).
Posted: 27 Jun 1997
SKEMA Business School, Harvard University - Department of Economics and University of Chicago - Booth School of Business

Abstract:

7.
Downloads 876 ( 20,519)
Citation 2,734

Law and Finance

NBER Working Paper No. w5661
Number of pages: 80 Posted: 27 Sep 1996
Dartmouth College - Tuck School of Business, SKEMA Business School, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 876 (20,139)
Citation 2,734

Abstract:

Law and Finance

Journal of Political Economy, Vol. 106, No. 6, December 1998
Posted: 26 Nov 1998
Dartmouth College - Tuck School of Business, SKEMA Business School, Harvard University - Department of Economics and University of Chicago - Booth School of Business

Abstract:

Law and Finance

University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship
Posted: 17 Nov 2009
Dartmouth College - Tuck School of Business, Dongeui University, Harvard University - Department of Economics and University of Chicago - Booth School of Business

Abstract:

Legal protection, Shareholders, Investors, Public firms, Legal systems

Contrarian Investment, Extrapolation, and Risk

NBER Working Paper No. w4360
Number of pages: 48 Posted: 27 Apr 2000
Josef Lakonishok, Andrei Shleifer and Robert W. Vishny
University of Illinois at Urbana-Champaign, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 794 (23,325)
Citation 798

Abstract:

Contrarian Investment, Extrapolation, and Risk

JOURNAL OF FINANCE, VOL. 49, NO. 5, December 1994
Posted: 26 Oct 1999
Josef Lakonishok, Andrei Shleifer and Robert W. Vishny
University of Illinois at Urbana-Champaign, Harvard University - Department of Economics and University of Chicago - Booth School of Business

Abstract:

9.
Downloads 747 ( 25,824)
Citation 61

Unstable Banking

Number of pages: 45 Posted: 29 Apr 2009
Andrei Shleifer and Robert W. Vishny
Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 615 (33,285)
Citation 61

Abstract:

securitization, leverage, crisis, cycle

Unstable Banking

NBER Working Paper No. w14943
Number of pages: 46 Posted: 12 May 2009
Andrei Shleifer and Robert W. Vishny
Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 132 (178,568)
Citation 61

Abstract:

10.

Corruption

NBER Working Paper No. w4372
Number of pages: 26 Posted: 24 Jan 2007
Andrei Shleifer and Robert W. Vishny
Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 660 (24,382)
Citation 470

Abstract:

11.
Downloads 551 ( 39,089)

The Limits of Arbitrage

NBER Working Paper No. w5167
Number of pages: 27 Posted: 18 Jun 2000
Andrei Shleifer and Robert W. Vishny
Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 551 (38,554)
Citation 694

Abstract:

The Limits of Arbitrage

J. OF FINANCE, Vol. 52 No. 1, March 1997
Posted: 16 Jan 1997
Andrei Shleifer and Robert W. Vishny
Harvard University - Department of Economics and University of Chicago - Booth School of Business

Abstract:

12.
Downloads 528 ( 41,273)
Citation 34

Financial Innovation and Financial Fragility

FEEM Working Paper No. 114.2010
Number of pages: 48 Posted: 09 Oct 2010
Nicola Gennaioli, Andrei Shleifer and Robert W. Vishny
Bocconi University - Department of Finance, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 466 (47,795)
Citation 34

Abstract:

Financial Innovation, Financial Fragility, Securities, Risks

Neglected Risks, Financial Innovation, and Financial Fragility

NBER Working Paper No. w16068
Number of pages: 49 Posted: 14 Jun 2010
Nicola Gennaioli, Andrei Shleifer and Robert W. Vishny
Bocconi University - Department of Finance, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 62 (294,619)
Citation 34

Abstract:

13.
Downloads 382 ( 61,646)

A Model of Investor Sentiment

NBER Working Paper No. w5926
Number of pages: 44 Posted: 08 Jul 2000
Nicholas Barberis, Andrei Shleifer and Robert W. Vishny
Yale School of Management, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 382 (61,057)
Citation 668

Abstract:

A Model of Investor Sentiment

Posted: 19 Feb 1997
Nicholas Barberis, Andrei Shleifer and Robert W. Vishny
Yale School of Management, Harvard University - Department of Economics and University of Chicago - Booth School of Business

Abstract:

14.

Management Ownership and Corporate Performance: an Empirical Analysis

NBER Working Paper No. w2055
Number of pages: 32 Posted: 09 Jun 2004
Randall Morck, Andrei Shleifer and Robert W. Vishny
National Bureau of Economic Research (NBER), Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 374 (63,199)
Citation 34

Abstract:

15.

Good News for Value Stocks: Further Evidence on Market Efficiency

NBER Working Paper No. w5311
Number of pages: 24 Posted: 02 Sep 2000
Dartmouth College - Tuck School of Business, University of Illinois at Urbana-Champaign, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 248 (87,193)
Citation 139

Abstract:

16.
Downloads 230 (108,201)
Citation 7

Money Doctors

Chicago Booth Research Paper No. 12-39, Fama-Miller Working Paper
Number of pages: 41 Posted: 21 Aug 2012
Nicola Gennaioli, Andrei Shleifer and Robert W. Vishny
Bocconi University - Department of Finance, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 192 (128,533)
Citation 7

Abstract:

Money Doctors

NBER Working Paper No. w18174
Number of pages: 41 Posted: 22 Jun 2012
Nicola Gennaioli, Andrei Shleifer and Robert W. Vishny
Bocconi University - Department of Finance, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 38 (367,761)
Citation 7

Abstract:

17.

Investor Protection: Origins, Consequences, and Reform

NBER Working Paper No. w7428
Number of pages: 44 Posted: 26 Jul 2000
Dartmouth College - Tuck School of Business, SKEMA Business School, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 220 (103,124)
Citation 32

Abstract:

18.
Downloads 210 (118,321)
Citation 704

The Quality of Goverment

NBER Working Paper No. w6727
Number of pages: 61 Posted: 18 Oct 1998
Dartmouth College - Tuck School of Business, SKEMA Business School, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 210 (117,926)
Citation 704

Abstract:

The Quality of Government

Journal of Law, Economics, and Organization, Vol. 15, No. 1, Spring 1999
Posted: 18 May 1999
Dartmouth College - Tuck School of Business, SKEMA Business School, Harvard University - Department of Economics and University of Chicago - Booth School of Business

Abstract:

19.

Trust in Large Organizations

NBER Working Paper No. w5864
Number of pages: 14 Posted: 28 Mar 1997
Dartmouth College - Tuck School of Business, SKEMA Business School, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 196 (126,363)
Citation 215

Abstract:

20.

Characteristics of Hostile and Friendly Takeover Targets

NBER Working Paper No. w2295
Number of pages: 44 Posted: 27 Apr 2000
Randall Morck, Andrei Shleifer and Robert W. Vishny
National Bureau of Economic Research (NBER), Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 151 (148,562)
Citation 68

Abstract:

21.
Downloads 150 (160,393)
Citation 5

Asset Fire Sales and Credit Easing

Number of pages: 13 Posted: 09 Jan 2010
Andrei Shleifer and Robert W. Vishny
Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 119 (193,680)
Citation 5

Abstract:

unstable banking, government security purchases

Asset Fire Sales and Credit Easing

NBER Working Paper No. w15652
Number of pages: 14 Posted: 18 Jan 2010
Andrei Shleifer and Robert W. Vishny
Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 31 (395,878)
Citation 5

Abstract:

22.

Do Institutional Investors Destabilize Stock Prices? Evidence on Herding and Feedback Trading

NBER Working Paper No. w3846
Number of pages: 32 Posted: 27 Apr 2000
Josef Lakonishok, Andrei Shleifer and Robert W. Vishny
University of Illinois at Urbana-Champaign, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 142 (142,410)
Citation 16

Abstract:

23.
Downloads 137 (172,773)
Citation 333

Do Managerial Objectives Drive Bad Acquisitions?

NBER Working Paper No. w3000
Number of pages: 25 Posted: 14 Apr 2007
Randall Morck, Andrei Shleifer and Robert W. Vishny
National Bureau of Economic Research (NBER), Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 137 (173,230)
Citation 333

Abstract:

Do Managerial Objectives Drive Bad Acquisitions?

Journal of Finance. 45(1) 31-48, March 1990, University of Alberta School of Business Research Paper No. 2013-635
Posted: 08 Jun 2013
Randall Morck, Andrei Shleifer and Robert W. Vishny
National Bureau of Economic Research (NBER), Harvard University - Department of Economics and University of Chicago - Booth School of Business

Abstract:

24.

Window Dressing by Pension Fund Managers

NBER Working Paper No. w3617
Number of pages: 15 Posted: 08 Jan 2008
University of Illinois at Urbana-Champaign, Harvard University - Department of Economics, University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 134 (146,185)
Citation 140

Abstract:

25.

The Allocation of Talent: Implications for Growth

NBER Working Paper No. w3530
Number of pages: 44 Posted: 05 Jul 2004
Kevin M. Murphy, Andrei Shleifer and Robert W. Vishny
University of Chicago, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 102 (195,390)
Citation 255

Abstract:

26.

Alternative Mechanisms for Corporate Control

NBER Working Paper No. w2532
Number of pages: 39 Posted: 17 May 2000
Randall Morck, Andrei Shleifer and Robert W. Vishny
National Bureau of Economic Research (NBER), Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 98 (204,410)
Citation 148

Abstract:

The Proper Scope of Government: Theory and an Application to Prisons

NBER Working Paper No. w5744
Number of pages: 58 Posted: 08 Jan 1997
Oliver Hart, Andrei Shleifer and Robert W. Vishny
Harvard University - Department of Economics, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 89 (238,059)
Citation 172

Abstract:

The Proper Scope of Government: Theory and an Application to Prisons

Quarterly Journal of Economics, Vol. 112, No. 4, November 1997
Posted: 28 Apr 1998
Oliver Hart, Andrei Shleifer and Robert W. Vishny
Harvard University - Department of Economics, Harvard University - Department of Economics and University of Chicago - Booth School of Business

Abstract:

28.

Industrialization and the Big Push

NBER Working Paper No. w2708
Number of pages: 34 Posted: 28 May 2004
Kevin M. Murphy, Andrei Shleifer and Robert W. Vishny
University of Chicago, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 84 (217,236)
Citation 222

Abstract:

29.

Fire Sales in Finance and Macroeconomics

NBER Working Paper No. w16642
Number of pages: 37 Posted: 27 Dec 2010
Andrei Shleifer and Robert W. Vishny
Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 74 (246,802)
Citation 31

Abstract:

30.

Income Distribution, Market Size, and Industrialization

NBER Working Paper No. w2709
Number of pages: 41 Posted: 11 Jun 2007
Kevin M. Murphy, Andrei Shleifer and Robert W. Vishny
University of Chicago, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 70 (243,171)
Citation 65

Abstract:

Banks as Patient Fixed Income Investors

FEDS Working Paper No. 2014-15
Number of pages: 49 Posted: 01 Mar 2014
Harvard Business School, Harvard University - Department of Economics, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 53 (318,813)

Abstract:

Banks, shadow banks, money creation

Banks as Patient Fixed-Income Investors

NBER Working Paper No. w20288
Number of pages: 48 Posted: 24 Jul 2014
Harvard Business School, Harvard University - Department of Economics, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 13 (493,810)

Abstract:

32.

Asset Sales and Debt Capacity

NBER Working Paper No. w3618
Number of pages: 41 Posted: 04 Apr 2004
Andrei Shleifer and Robert W. Vishny
Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 53 (303,305)
Citation 7

Abstract:

33.
Downloads 51 (319,628)

Privatization in the United States

NBER Working Paper No. w5113
Number of pages: 39 Posted: 16 Jul 2000
SKEMA Business School, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 51 (324,715)
Citation 1

Abstract:

Privatization in the United States

RAND JOURNAL OF ECONOMICS, Vol. 28, No. 3, Autumn 1997
Posted: 29 Jul 1997
Harvard University - Department of Economics, SKEMA Business School and University of Chicago - Booth School of Business

Abstract:

34.

Pervasive Shortages Under Socialism

NBER Working Paper No. w3791
Number of pages: 21 Posted: 10 Jul 2007
Andrei Shleifer and Robert W. Vishny
Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 33 (363,745)
Citation 15

Abstract:

35.

Building Blocks of Market Clearing Business Cycle Models

NBER Working Paper No. w3004
Number of pages: 53 Posted: 29 Dec 2006
Kevin M. Murphy, Andrei Shleifer and Robert W. Vishny
University of Chicago, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 31 (350,132)
Citation 26

Abstract:

36.

Neglected Risks: The Psychology of Financial Crises

NBER Working Paper No. w20875
Number of pages: 12 Posted: 27 Jan 2015
Nicola Gennaioli, Andrei Shleifer and Robert W. Vishny
Bocconi University - Department of Finance, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 30 (386,233)
Citation 1

Abstract:

37.

Increasing Returns, Durables and Economic Fluctuations

NBER Working Paper No. w3014
Number of pages: 44 Posted: 03 Oct 2007
Kevin M. Murphy, Andrei Shleifer and Robert W. Vishny
University of Chicago, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 20 (394,678)
Citation 5

Abstract:

Finance and the Preservation of Wealth

NBER Working Paper No. w19117
Number of pages: 40 Posted: 18 Jun 2013
Nicola Gennaioli, Andrei Shleifer and Robert W. Vishny
Bocconi University - Department of Finance, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 14 (488,148)

Abstract:

Finance and the Preservation of Wealth

CEPR Discussion Paper No. DP9890
Number of pages: 51 Posted: 02 Jun 2014
Nicola Gennaioli, Andrei Shleifer and Robert W. Vishny
Bocconi University - Department of Finance, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 1 (564,552)

Abstract:

Finance Income Share, Wealth Preservation

39.

The Efficiency of Investment in the Presence of Aggregate Demand Spillovers

NBER Working Paper No. w2297
Number of pages: 17 Posted: 18 Aug 2004
Andrei Shleifer and Robert W. Vishny
Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 12 (453,950)
Citation 2

Abstract:

40.

The Differences between Hostile & Friendly Takeovers

National Bureau of Economic Research Conference Volume, University of Chicago Press, 1988, University of Alberta School of Business Research Paper No. 2013-637
Posted: 15 Feb 2014
Randall Morck, Andrei Shleifer and Robert W. Vishny
National Bureau of Economic Research (NBER), Harvard University - Department of Economics and University of Chicago - Booth School of Business

Abstract:

41.

The Stock Market and Investment: Is the Market a Sideshow?

Brookings Papers on Economic Activity, Vol. 21, No. 2, 1990, University of Alberta School of Business Research Paper No. 2013-634
Posted: 14 Feb 2014
Randall Morck, Andrei Shleifer and Robert W. Vishny
National Bureau of Economic Research (NBER), Harvard University - Department of Economics and University of Chicago - Booth School of Business

Abstract:

42.

Management Ownership and Market Valuation: An Empirical Analysis

University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship
Posted: 17 Nov 2009
Randall Morck, Andrei Shleifer and Robert W. Vishny
National Bureau of Economic Research (NBER), Harvard University - Department of Economics and University of Chicago - Booth School of Business

Abstract:

Inside ownership, Family firms, Operator ownership, Market value, Valuation, Boards of directors, Shareholders, Founders