SSRN logo
Public User
Advanced Search

Malcolm P. Baker

Harvard Business School

Professor

Boston, MA 02163

United States

http://www.people.hbs.edu/mbaker

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

  • Harvard Business School

    • Email
    • Tel: 617-495-6566
SCHOLARLY PAPERS

42

DOWNLOADS
Rank 154

SSRN RANKINGS

Top 154

in Total Papers Downloads

57,318

CITATIONS
Rank 83

SSRN RANKINGS

Top 83

in Total Papers Citations

2,926

Scholarly Papers (42)

Actions:
Email selected abstracts
1.

Behavioral Corporate Finance: A Survey

Downloads 7,943 ( 499)
Citation 126

Behavioral Corporate Finance: A Survey

Number of pages: 64 Posted: 20 Oct 2004 Last Revised: 12 Aug 2008
Malcolm P. Baker, Richard S. Ruback and Jeffrey Wurgler
Harvard Business School, Harvard Business School and NYU Stern School of Business
Downloads 6,874 (631)
Citation 124

Abstract:

capital structure, IPO, SEO, dividend, investment, psychology, bias, optimism, overconfidence, heuristic

Behavioral Corporate Finance: A Survey

NYU Working Paper No. FIN-04-024
Number of pages: 62 Posted: 03 Nov 2008
Malcolm P. Baker, Richard S. Ruback and Jeffrey Wurgler
Harvard Business School, Harvard Business School and NYU Stern School of Business
Downloads 839 (21,946)
Citation 124

Abstract:

Behavioral Corporate Finance: A Survey

NBER Working Paper No. w10863
Number of pages: 63 Posted: 28 Oct 2004
Malcolm P. Baker, Richard S. Ruback and Jeffrey Wurgler
Harvard Business School, Harvard Business School and NYU Stern School of Business
Downloads 230 (109,745)
Citation 126

Abstract:

2.

Market Timing and Capital Structure

Downloads 5,762 ( 876)
Citation 472

Market Timing and Capital Structure

Number of pages: 48 Posted: 30 Apr 2001 Last Revised: 13 Jan 2009
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business
Downloads 5,385 (970)
Citation 472

Abstract:

Capital Structure, Market Timing

Market Timing and Capital Structure

NYU Working Paper No. 2451/31357, NYU Working Paper No. FIN-11-024
Number of pages: 32 Posted: 14 Dec 2011
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business
Downloads 377 (63,214)
Citation 471

Abstract:

Market Timing and Capital Structure

Journal of Finance, Vol. 57, No. 1, pp. 1-32, February 2002
Posted: 20 Aug 2001 Last Revised: 13 Jan 2009
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business

Abstract:

capital structure, market timing, ipo, seo

3.

Benchmarks as Limits to Arbitrage: Understanding the Low Volatility Anomaly

Downloads 3,883 ( 1,733)
Citation 37

Benchmarks as Limits to Arbitrage: Understanding the Low Volatility Anomaly

NYU Working Paper No. 2451/29593
Number of pages: 26 Posted: 06 Apr 2010 Last Revised: 10 Sep 2013
Malcolm P. Baker, Brendan Bradley and Jeffrey Wurgler
Harvard Business School, Acadian Asset Management Inc., USA and NYU Stern School of Business
Downloads 3,713 (1,849)
Citation 37

Abstract:

A Behavioral Finance Explanation for the Success of Low Volatility Portfolios

NYU Working Paper No. 2451/29537
Number of pages: 22 Posted: 26 Jun 2013
Malcolm P. Baker, Jeffrey Wurgler and Brendan Bradley
Harvard Business School, NYU Stern School of Business and Acadian Asset Management Inc., USA
Downloads 170 (146,592)
Citation 36

Abstract:

Benchmarks as Limits to Arbitrage: Understanding the Low-Volatility Anomaly

Financial Analysts Journal, Vol. 67, No. 1, 2011
Posted: 23 Jan 2011
Malcolm P. Baker, Brendan Bradley and Jeffrey Wurgler
Harvard Business School, Acadian Asset Management Inc., USA and NYU Stern School of Business

Abstract:

Behavioral Finance, Behavioral Biases, Limits to Arbitrage, Equity Investments, Portfolio Management: Risk Management

4.

A Reference Point Theory of Mergers and Acquisitions

Downloads 2,899 ( 2,946)
Citation 28

A Reference Point Theory of Mergers and Acquisitions

AFA 2010 Atlanta Meetings Paper
Number of pages: 47 Posted: 23 Mar 2009 Last Revised: 23 Nov 2009
Malcolm P. Baker, Xin Pan and Jeffrey Wurgler
Harvard Business School, Harvard University and NYU Stern School of Business
Downloads 2,429 (3,891)
Citation 28

Abstract:

mergers, acquisitions, behavioral finance, behavioral corporate finance, psychology, reference point

A Reference Point Theory of Mergers and Acquisitions

NYU Working Paper No. 2451/28342
Number of pages: 47 Posted: 08 Dec 2009
Malcolm P. Baker, Xin Pan and Jeffrey Wurgler
Harvard Business School, Harvard University and NYU Stern School of Business
Downloads 427 (54,337)
Citation 28

Abstract:

A Reference Point Theory of Mergers and Acquisitions

NBER Working Paper No. w15551
Number of pages: 48 Posted: 08 Dec 2009
Malcolm P. Baker, Xin Pan and Jeffrey Wurgler
Harvard Business School, Harvard University and NYU Stern School of Business
Downloads 43 (356,420)
Citation 28

Abstract:

5.

Can Mutual Fund Managers Pick Stocks? Evidence from Their Trades Prior to Earnings Announcements

Downloads 2,755 ( 3,222)
Citation 58

Can Mutual Fund Managers Pick Stocks? Evidence from Their Trades Prior to Earnings Announcements

Number of pages: 29 Posted: 03 Mar 2005 Last Revised: 13 Dec 2011
Malcolm P. Baker, Lubomir P. Litov, Jessica A. Wachter and Jeffrey Wurgler
Harvard Business School, University of Oklahoma - Michael F. Price College of Business, University of Pennsylvania - Finance Department and NYU Stern School of Business
Downloads 1,697 (7,292)
Citation 58

Abstract:

Mutual fund, performance evaluation

Can Mutual Fund Managers Pick Stocks? Evidence from Their Trades Prior to Earnings Announcements

NYU Working Paper No. SC-AM-05-02
Number of pages: 31 Posted: 04 Nov 2008
Malcolm P. Baker, Lubomir P. Litov, Jessica A. Wachter and Jeffrey Wurgler
Harvard Business School, University of Oklahoma - Michael F. Price College of Business, University of Pennsylvania - Finance Department and NYU Stern School of Business
Downloads 386 (61,488)
Citation 58

Abstract:

Can Mutual Fund Managers Pick Stocks? Evidence from the Trades Prior to Earnings Announcements

NBER Working Paper No. w10685
Number of pages: 31 Posted: 08 Sep 2004
Malcolm P. Baker, Lubomir P. Litov, Jessica A. Wachter and Jeffrey Wurgler
Harvard Business School, University of Oklahoma - Michael F. Price College of Business, University of Pennsylvania - Finance Department and NYU Stern School of Business
Downloads 369 (64,797)
Citation 58

Abstract:

Can Mutual Fund Managers Pick Stocks? Evidence from Their Trades Prior to Earnings Announcements

NYU Working Paper No. FIN-04-015
Number of pages: 31 Posted: 03 Nov 2008
Malcolm P. Baker, Lubomir P. Litov, Jessica A. Wachter and Jeffrey Wurgler
Harvard Business School, University of Oklahoma - Michael F. Price College of Business, University of Pennsylvania - Finance Department and NYU Stern School of Business
Downloads 303 (81,421)
Citation 58

Abstract:

6.

Investor Sentiment in the Stock Market

Downloads 2,691 ( 3,350)
Citation 171

Investor Sentiment in the Stock Market

Number of pages: 37 Posted: 14 Feb 2007 Last Revised: 12 Jan 2009
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business
Downloads 1,970 (5,562)
Citation 171

Abstract:

stock market, sentiment, asset pricing, behavioral finance, behavioral economics

Investor Sentiment in the Stock Market

NYU Working Paper No. 2451/31359, NYU Working Paper No. FIN-11-026
Number of pages: 23 Posted: 15 Dec 2011
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business
Downloads 621 (33,555)
Citation 171

Abstract:

Investor Sentiment in the Stock Market

NBER Working Paper No. w13189
Number of pages: 38 Posted: 03 Jul 2007
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business
Downloads 100 (224,097)
Citation 171

Abstract:

Investor Sentiment in the Stock Market

Journal of Economic Perspectives, Vol. 21, No. 2, pp. 129-151, Spring 2007
Posted: 30 Apr 2007 Last Revised: 12 Jan 2009
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business

Abstract:

sentiment, stocks returns, sentiment index, bubble, crash

7.

Investor Sentiment and the Cross-Section of Stock Returns

Downloads 2,621 ( 3,500)
Citation 312

Investor Sentiment and the Cross-Section of Stock Returns

Number of pages: 52 Posted: 18 Nov 2003 Last Revised: 13 Jan 2009
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business
Downloads 2,146 (4,813)
Citation 312

Abstract:

sentiment, cross-section, arbitrage, asset pricing

Investor Sentiment and the Cross-Section of Stock Returns

NYU Working Paper No. S-MF-03-20
Number of pages: 46 Posted: 12 Nov 2008
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business
Downloads 185 (135,693)
Citation 312

Abstract:

Investor Sentiment and the Cross-Section of Stock Returns

NBER Working Paper No. w10449
Number of pages: 49 Posted: 10 May 2004 Last Revised: 22 Jul 2010
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business
Downloads 102 (220,948)
Citation 312

Abstract:

Investor Sentiment and the Cross-Section of Stock Returns

NYU Working Paper No. FIN-03-030
Number of pages: 47 Posted: 11 Nov 2008
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business
Downloads 96 (230,479)
Citation 312

Abstract:

Investor Sentiment and the Cross-Section of Stock Returns

NYU Working Paper No. SC-AM-03-13
Number of pages: 47 Posted: 04 Nov 2008
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business
Downloads 92 (237,134)
Citation 312

Abstract:

Investor Sentiment and the Cross-Section of Stock Returns

Journal of Finance, Vol. 61, No. 4, pp. 1645-1680, August 2006
Posted: 20 Apr 2005 Last Revised: 13 Jan 2009
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business

Abstract:

sentiment, asset pricing, arbitrage, cross-section

8.

Global, Local, and Contagious Investor Sentiment

Downloads 2,178 ( 4,807)
Citation 22

Global, Local, and Contagious Investor Sentiment

Journal of Financial Economics (JFE), Vol. 104, pp 272-287, May 2012, AFA 2010 Atlanta Meetings Paper
Number of pages: 47 Posted: 23 Mar 2009 Last Revised: 11 Mar 2012
Malcolm P. Baker, Jeffrey Wurgler and Yu Yuan
Harvard Business School, NYU Stern School of Business and Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF)
Downloads 1,807 (6,485)
Citation 22

Abstract:

Sentiment, Return predictability

Global, Local, and Contagious Investor Sentiment

Journal of Financial Economics (JFE), Vol. 104, No. 2, 2012, NYU Working Paper No. FIN-09-002
Number of pages: 47 Posted: 08 Jun 2009 Last Revised: 11 Mar 2012
Malcolm P. Baker, Jeffrey Wurgler and Yu Yuan
Harvard Business School, NYU Stern School of Business and Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF)
Downloads 371 (64,380)
Citation 22

Abstract:

Sentiment, Return predictability

9.

The Determinants of Board Structure at the Initial Public Offering

Downloads 2,067 ( 5,265)
Citation 115

The Determinants of Board Structure at the Initial Public Offering

Number of pages: 43 Posted: 24 Jul 2000 Last Revised: 22 Jan 2009
Malcolm P. Baker and Paul A. Gompers
Harvard Business School and Harvard Business School - Finance Unit
Downloads 2,067 (5,160)
Citation 115

Abstract:

The Determinants of Board Structure at the Initial Public Offering

Journal of Law and Economics, Vol. 46, No. 2, pp. 569-598, October 2003
Posted: 12 Oct 2004 Last Revised: 22 Jan 2009
Malcolm P. Baker and Paul A. Gompers
Harvard Business School and Harvard Business School - Finance Unit

Abstract:

Corporate Governance, Board of Directors, IPO, Venture Capital

10.

Behavioral Corporate Finance: An Updated Survey

Downloads 2,014 ( 5,494)
Citation 98

Behavioral Corporate Finance: An Updated Survey

HANDBOOK OF THE ECONOMICS OF FINANCE, Vol. 2, George M. Constantinides, Milton Harris, and Rene M. Stulz, eds., Elsevier Press, 2012
Number of pages: 106 Posted: 15 Aug 2011
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business
Downloads 1,380 (10,184)
Citation 98

Abstract:

Behavioral, Corporate Finance, Sentiment, Catering, Market Timing, Irrational, Bias, Overconfidence, Optimism, Signaling, Behavioral Signaling

Behavioral Corporate Finance: An Updated Survey

Handbook of the Economics, George M. Constantinides, Milton Harris, Rene M. Stulz, eds., Vol. 2, Elsevier Press, 2012, NYU Working Paper No. FIN-11-022
Number of pages: 106 Posted: 14 Dec 2011
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business
Downloads 432 (53,566)
Citation 98

Abstract:

Behavioral Corporate Finance: An Updated Survey

NYU Working Paper No. 2451/31355
Number of pages: 106 Posted: 26 Jun 2013
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business
Downloads 131 (182,893)
Citation 98

Abstract:

Behavioral Corporate Finance: An Updated Survey

NBER Working Paper No. w17333
Number of pages: 107 Posted: 29 Aug 2011
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business
Downloads 71 (278,399)
Citation 98

Abstract:

11.

Appearing and Disappearing Dividends: The Link to Catering Incentives

Downloads 1,957 ( 5,742)
Citation 69

Appearing and Disappearing Dividends: The Link to Catering Incentives

Number of pages: 25 Posted: 13 Jan 2003 Last Revised: 12 Aug 2008
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business
Downloads 1,354 (10,499)
Citation 59

Abstract:

Dividend, Dividends, Dividend Policy, Catering, Repurchase, Repurchases

Why are Dividends Disappearing? An Empirical Analysis

NYU Working Paper No. S-CG-02-09
Number of pages: 65 Posted: 04 Nov 2008
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business
Downloads 295 (84,016)
Citation 68

Abstract:

Why are Dividends Disappearing? An Empirical Analysis

NYU Working Paper No. FIN-02-056
Number of pages: 64 Posted: 03 Nov 2008
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business
Downloads 173 (144,249)
Citation 68

Abstract:

Appearing and Disappearing Dividends: The Link to Catering Incentives

NYU Working Paper No. FIN-03-023
Number of pages: 26 Posted: 11 Nov 2008
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business
Downloads 93 (235,483)
Citation 59

Abstract:

Appearing and Disappearing Dividends: The Link to Catering Incentives

NBER Working Paper No. w9995
Number of pages: 25 Posted: 28 Sep 2003
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business
Downloads 42 (359,822)
Citation 59

Abstract:

Appearing and Disappearing Dividends: The Link to Catering Incentives

Harvard NOM Working Paper No. 03-51
Posted: 18 Sep 2003 Last Revised: 13 Aug 2008
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business

Abstract:

dividend, payout

12.

Executive Ownership and Control in Newly Public Firms: The Role of Venture Capitalists

Number of pages: 39 Posted: 06 Jun 1999 Last Revised: 13 Jan 2009
Malcolm P. Baker and Paul A. Gompers
Harvard Business School and Harvard Business School - Finance Unit
Downloads 1,882 (5,872)
Citation 19

Abstract:

13.

Multinationals as Arbitrageurs: The Effect of Stock Market Valuations on Foreign Direct Investment

Downloads 1,722 ( 7,242)
Citation 33

Multinationals as Arbitrageurs: The Effect of Stock Market Valuations on Foreign Direct Investment

Number of pages: 63 Posted: 02 Nov 2005 Last Revised: 12 Aug 2008
Malcolm P. Baker, C. Fritz Foley and Jeffrey Wurgler
Harvard Business School, Harvard Business School and NYU Stern School of Business
Downloads 1,225 (12,316)
Citation 26

Abstract:

Corporate investment, inefficient markets, behavioral finance, foreign direct investment, international finance

The Stock Market and Investment: Evidence from FDI Flows

NYU Working Paper No. FIN-04-013
Number of pages: 39 Posted: 03 Nov 2008
Malcolm P. Baker, C. Fritz Foley and Jeffrey Wurgler
Harvard Business School, Harvard Business School and NYU Stern School of Business
Downloads 213 (118,467)
Citation 32

Abstract:

Stock Market Valuations and Foreign Direct Investment

NYU Working Paper No. SC-AM-04-05
Number of pages: 42 Posted: 04 Nov 2008
Malcolm P. Baker, C. Fritz Foley and Jeffrey Wurgler
Harvard Business School, Harvard Business School and NYU Stern School of Business
Downloads 212 (119,026)
Citation 26

Abstract:

The Stock Market and Investment: Evidence from FDI Flows

NBER Working Paper No. w10559
Number of pages: 39 Posted: 04 Jul 2004
Malcolm P. Baker, C. Fritz Foley and Jeffrey Wurgler
Harvard Business School, Harvard Business School and NYU Stern School of Business
Downloads 46 (346,316)
Citation 33

Abstract:

Multinationals as Arbitrageurs: The Effect of Valuations on Foreign Direct Investment

NYU Working Paper No. 2451/31358, NYU Working Paper No. FIN-11-025
Number of pages: 33 Posted: 15 Dec 2011
Malcolm P. Baker, C. Fritz Foley and Jeffrey Wurgler
Harvard Business School, Harvard Business School and NYU Stern School of Business
Downloads 26 (427,243)
Citation 26

Abstract:

Multinationals as Arbitrageurs: The Effect of Stock Market Valuations on Foreign Direct Investment

Review of Financial Studies, Forthcoming
Posted: 30 Apr 2007 Last Revised: 12 Jan 2009
Malcolm P. Baker, C. Fritz Foley and Jeffrey Wurgler
Harvard Business School, Harvard Business School and NYU Stern School of Business

Abstract:

foreign direct investment, fdi, multinational, flow

Multinationals as Arbitrageurs: The Effect of Stock Market Valuations on Foreign Direct Investment

The Review of Financial Studies, Vol. 22, Issue 1, pp. 337-369, 2009
Posted: 03 Jan 2009
Malcolm P. Baker, C. Fritz Foley and Jeffrey Wurgler
Harvard Business School, Harvard Business School and NYU Stern School of Business

Abstract:

F15, F21, F23, G31, G34

14.

The Low Risk Anomaly: A Decomposition into Micro and Macro Effects

Financial Analysts Journal, Forthcoming
Number of pages: 38 Posted: 01 Feb 2013 Last Revised: 14 Sep 2013
Malcolm P. Baker, Brendan Bradley and Ryan Taliaferro
Harvard Business School, Acadian Asset Management Inc., USA and Acadian Asset Management
Downloads 1,545 (6,530)
Citation 3

Abstract:

low volatility, beta, portfolio construction, market efficiency, capital asset pricing model

15.

Market Liquidity as a Sentiment Indicator

Downloads 1,534 ( 8,743)
Citation 110

Market Liquidity as a Sentiment Indicator

Number of pages: 48 Posted: 02 Jul 2008 Last Revised: 13 Jan 2009
Malcolm P. Baker and Jeremy C. Stein
Harvard Business School and Harvard University - Department of Economics
Downloads 1,458 (9,312)
Citation 110

Abstract:

Market Liquidity as a Sentiment Indicator

NBER Working Paper No. w8816
Number of pages: 48 Posted: 28 Feb 2002 Last Revised: 26 Oct 2010
Malcolm P. Baker and Jeremy C. Stein
Harvard Business School and Harvard University - Department of Economics
Downloads 76 (267,505)
Citation 110

Abstract:

Market Liquidity as a Sentiment Indicator

Journal of Financial Markets, Vol. 7, No. 3, pp. 271-299, June 2004
Posted: 13 Oct 2004 Last Revised: 12 Aug 2008
Malcolm P. Baker and Jeremy C. Stein
Harvard Business School and Harvard University - Department of Economics

Abstract:

Liquidity, Investor Sentiment, Market Timing, Corporate Finance, Behavioral Finance

16.

The Equity Share in New Issues and Aggregate Stock Returns

Downloads 1,485 ( 9,216)
Citation 235

The Equity Share in New Issues and Aggregate Stock Returns

Number of pages: 65 Posted: 12 Aug 1999 Last Revised: 13 Jan 2009
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business
Downloads 1,383 (10,138)
Citation 235

Abstract:

The Equity Share in New Issues and Aggregate Stock Returns

NYU Working Paper No. 2451/31362, NYU Working Paper No. FIN-11-029
Number of pages: 40 Posted: 15 Dec 2011
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business
Downloads 102 (220,948)
Citation 235

Abstract:

The Equity Share in New Issues and Aggregate Stock Returns

Journal of Finance, Vol. 55, No. 5, October 2000
Posted: 17 Jun 2008 Last Revised: 13 Jan 2009
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business

Abstract:

17.

A Catering Theory of Dividends

Downloads 1,399 ( 10,156)
Citation 155

A Catering Theory of Dividends

Number of pages: 61 Posted: 15 Nov 2002 Last Revised: 12 Aug 2008
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business
Downloads 1,159 (13,469)
Citation 155

Abstract:

A Catering Theory of Dividends

NYU Working Paper No. FIN-02-012
Number of pages: 63 Posted: 03 Nov 2008
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business
Downloads 187 (134,295)
Citation 155

Abstract:

A Catering Theory of Dividends

NBER Working Paper No. w9542
Number of pages: 63 Posted: 13 Mar 2003 Last Revised: 01 Nov 2010
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business
Downloads 53 (324,552)
Citation 155

Abstract:

A Catering Theory of Dividends

Journal of Finance, Vol. 59, No. 3, pp. 1125-1165, June 2004
Posted: 15 Jul 2003 Last Revised: 13 Aug 2008
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business

Abstract:

18.

When Does the Market Matter? Stock Prices and the Investment of Equity-Dependent Firms

Downloads 1,270 ( 11,897)
Citation 240

When Does the Market Matter? Stock Prices and the Investment of Equity-Dependent Firms

Number of pages: 48 Posted: 04 Jan 2002 Last Revised: 13 Jan 2009
Malcolm P. Baker, Jeffrey Wurgler and Jeremy C. Stein
Harvard Business School, NYU Stern School of Business and Harvard University - Department of Economics
Downloads 1,107 (14,438)
Citation 238

Abstract:

Investment, Behavioral Finance

When Does the Market Matter? Stock Prices and the Investment of Equity-Dependent Firms

NYU Working Paper No. FIN-01-031
Number of pages: 39 Posted: 03 Nov 2008
Malcolm P. Baker, Jeremy C. Stein and Jeffrey Wurgler
Harvard Business School, Harvard University - Department of Economics and NYU Stern School of Business
Downloads 120 (195,967)
Citation 238

Abstract:

When Does the Market Matter? Stock Prices and the Investment of Equity-Dependent Firms

NBER Working Paper No. w8750
Number of pages: 44 Posted: 02 Feb 2002
Malcolm P. Baker, Jeffrey Wurgler and Jeremy C. Stein
Harvard Business School, NYU Stern School of Business and Harvard University - Department of Economics
Downloads 43 (356,420)
Citation 240

Abstract:

When Does the Market Matter? Stock Prices and the Investment of Equity-Dependent Firms

Quarterly Journal of Economics, Vol. 118, No. 3, pp. 969-1006, August 2003
Posted: 29 May 2003 Last Revised: 13 Aug 2008
Malcolm P. Baker, Jeffrey Wurgler and Jeremy C. Stein
Harvard Business School, NYU Stern School of Business and Harvard University - Department of Economics

Abstract:

19.

Limited Arbitrage in Mergers and Acquisitions

Downloads 1,218 ( 12,693)
Citation 51

Limited Arbitrage in Mergers and Acquisitions

Number of pages: 43 Posted: 26 Oct 2000 Last Revised: 13 Jan 2009
Malcolm P. Baker and Serkan Savasoglu
Harvard Business School and Morgan Stanley
Downloads 1,218 (12,429)
Citation 51

Abstract:

Limited Arbitrage in Mergers and Acquisitions

Journal of Financial Economics, Vol. 64, No. 1, pp. 91-116, April 2002
Posted: 15 Jul 2002 Last Revised: 13 Jan 2009
Malcolm P. Baker and Serkan Savasoglu
Harvard Business School and Morgan Stanley

Abstract:

Arbitrage, Mergers and acquisitions, Market Efficiency

20.

Government Bonds and the Cross-Section of Stock Returns

Downloads 1,191 ( 13,175)
Citation 9

Government Bonds and the Cross-Section of Stock Returns

AFA 2010 Atlanta Meetings Paper
Number of pages: 42 Posted: 22 Mar 2009
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business
Downloads 394 (59,972)
Citation 9

Abstract:

Comovement and Predictability Relationships between Bonds and the Cross-Section of Stocks

NYU Working Paper No. 2451/29604
Number of pages: 45 Posted: 10 Aug 2010
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business
Downloads 248 (101,531)
Citation 3

Abstract:

Comovement and Predictability Relationships between Bonds and the Cross-Section of Stocks

NYU Working Paper No. 2451/29604
Number of pages: 45 Posted: 10 May 2010
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business
Downloads 161 (153,789)
Citation 3

Abstract:

Comovement and Predictability Relationships between Bonds and the Cross-Section of Stocks

NYU Working Paper No. 2451/29604
Number of pages: 45 Posted: 07 Jun 2010
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business
Downloads 102 (220,948)
Citation 3

Abstract:

Government Bonds and the Cross-Section of Stock Returns

NYU Working Paper No. 2451/26644
Number of pages: 39 Posted: 03 Nov 2008
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business
Downloads 75 (269,669)
Citation 9

Abstract:

Comovement and Predictability Relationships between Bonds and the Cross-Section of Stocks

NYU Working Paper No. 2451/29604
Number of pages: 45 Posted: 07 Sep 2010
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business
Downloads 65 (292,593)
Citation 3

Abstract:

Comovement and Predictability Relationships between Bonds and Thecross-Section of Stocks

NYU Working Paper No. FIN-10-003
Number of pages: 45 Posted: 06 Oct 2010
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business
Downloads 58 (310,366)
Citation 3

Abstract:

Comovement and Predictability Relationships between Bonds and the Cross-Section of Stocks

NYU Working Paper No. 2451/29604
Number of pages: 45 Posted: 06 Jul 2010
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business
Downloads 50 (333,795)
Citation 3

Abstract:

Government Bonds and the Cross-Section of Stock Returnsâæ

NYU Working Paper No. FIN-05-040
Number of pages: 38 Posted: 03 Nov 2008
Malcolm P. Baker and Jeffery Wurgler
Harvard Business School and affiliation not provided to SSRN
Downloads 38 (374,320)
Citation 9

Abstract:

21.

Would Stricter Capital Requirements Raise the Cost of Capital? Bank Capital Regulation and the Low Risk Anomaly

Downloads 1,132 ( 14,250)
Citation 2

Would Stricter Capital Requirements Raise the Cost of Capital? Bank Capital Regulation and the Low Risk Anomaly

Number of pages: 52 Posted: 16 Mar 2013
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business
Downloads 424 (54,831)
Citation 2

Abstract:

Capital Requirements, Banking, Low Risk Anomaly, Capital Asset Pricing Model

Do Strict Capital Requirements Raise the Cost of Capital? Bank Regulation, Capital Structure, and the Low Risk Anomaly

American Economic Review, Forthcoming
Number of pages: 10 Posted: 15 Mar 2015
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business
Downloads 368 (65,015)
Citation 2

Abstract:

Bank, Banks, Banking, Regulation, Capital, Requirements, Leverage, Tier 1, Capitalization, Anomaly, Risk

Do Strict Capital Requirements Raise the Cost of Capital? Banking Regulation and the Low Risk Anomaly

NYU Working Paper No. FIN-13-003
Number of pages: 52 Posted: 17 Mar 2013 Last Revised: 22 Apr 2013
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business
Downloads 228 (110,639)
Citation 2

Abstract:

Would Stricter Capital Requirements Raise the Cost of Capital? Bank Capital Regulation and the Low Risk Anomaly

NYU Working Paper No. 2451/31748
Number of pages: 52 Posted: 24 Apr 2013
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business
Downloads 84 (251,502)
Citation 2

Abstract:

Do Strict Capital Requirements Raise the Cost of Capital? Banking Regulation and the Low Risk Anomaly

NBER Working Paper No. w19018
Number of pages: 53 Posted: 04 May 2013
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business
Downloads 28 (416,983)
Citation 2

Abstract:

22.

Market-Driven Corporate Finance

Downloads 1,038 ( 16,253)
Citation 15

Market-Driven Corporate Finance

Number of pages: 53 Posted: 23 Jan 2009 Last Revised: 29 Jul 2009
Malcolm P. Baker
Harvard Business School
Downloads 1,038 (15,952)
Citation 15

Abstract:

Behavioral Finance, Limits to Arbitrage, Market Efficiency, Securities Issuance, Supply Effects

Capital Market-Driven Corporate Finance

Annual Review of Financial Economics, Vol. 1, pp. 181-205, 2009
Posted: 04 Jun 2010
Malcolm P. Baker
Harvard Business School

Abstract:

23.

How Does Investor Sentiment Affect the Cross-Section of Stock Returns?

Downloads 925 ( 19,352)

How Does Investor Sentiment Affect the Cross-Section of Stock Returns?

Number of pages: 27 Posted: 26 Jun 2008 Last Revised: 12 Jan 2009
John Wang, Jeffrey Wurgler and Malcolm P. Baker
affiliation not provided to SSRN, NYU Stern School of Business and Harvard Business School
Downloads 925 (18,989)
Citation 297

Abstract:

Sentiment, cross-section, prediction, index, behavioral

How Does Investor Sentiment Affect the Cross-Section of Stock Returns?

Journal of Investment Management, Vol. 6, No. 2, Second Quarter 2008
Posted: 12 May 2008 Last Revised: 12 Jan 2009
Malcolm P. Baker, John Wang and Jeffrey Wurgler
Harvard Business School, affiliation not provided to SSRN and NYU Stern School of Business

Abstract:

Sentiment, cross-section, prediction, index, behavioral

24.

The Maturity of Debt Issues and Predictable Variation in Bond Returns

Downloads 756 ( 24,470)
Citation 71

The Maturity of Debt Issues and Predictable Variation in Bond Returns

Number of pages: 45 Posted: 15 Aug 2001 Last Revised: 13 Jan 2009
Malcolm P. Baker, Robin M. Greenwood and Jeffrey Wurgler
Harvard Business School, Harvard Business School - Finance Unit and NYU Stern School of Business
Downloads 665 (30,562)
Citation 69

Abstract:

Bond, Maturity, Return, Corporate, Debt, Issue, Predictability, Cost of Capital

Do Firms Borrow at the Lowest-Cost Maturity? The Long-Term Share in Debt Issues and Predictable Variation in Bond Returns

NYU Working Paper No. FIN-01-020
Number of pages: 45 Posted: 03 Nov 2008
Malcolm P. Baker, Robin M. Greenwood and Jeffrey Wurgler
Harvard Business School, Harvard Business School - Finance Unit and NYU Stern School of Business
Downloads 60 (305,014)
Citation 71

Abstract:

The Maturity of Debt Issues and Predictable Variation in Bond Returns

NYU Working Paper No. 2451/31361
Number of pages: 31 Posted: 10 Sep 2013
Malcolm P. Baker, Robin M. Greenwood and Jeffrey Wurgler
Harvard Business School, Harvard Business School - Finance Unit and NYU Stern School of Business
Downloads 31 (402,940)
Citation 69

Abstract:

The Maturity of Debt Issues and Predictable Variation in Bond Returns

Journal of Financial Economics (JFE), Vol. 70, pp. 261-291, 2003, NYU Working Paper No. FIN-11-028
Posted: 15 Dec 2011
Malcolm P. Baker, Robin M. Greenwood and Jeffrey Wurgler
Harvard Business School, Harvard Business School - Finance Unit and NYU Stern School of Business

Abstract:

The Maturity of Debt Issues and Predictable Variation in Bond Returns

Journal of Financial Economics, Vol. 70, No. 2, pp. 261-291, November 2003
Posted: 09 Sep 2002 Last Revised: 13 Aug 2008
Malcolm P. Baker, Robin M. Greenwood and Jeffrey Wurgler
Harvard Business School, Harvard Business School - Finance Unit and NYU Stern School of Business

Abstract:

bond, maturity, return, corporate, debt, issue, predictability, cost of capital, cost of debt

25.

Predicting Returns with Managerial Decisions Variables: Is There a Small-Sample Bias?

Downloads 558 ( 38,961)
Citation 25

Predicting Returns with Managerial Decisions Variables: Is There a Small-Sample Bias?

Number of pages: 31 Posted: 28 Sep 2004 Last Revised: 12 Aug 2008
Malcolm P. Baker, Ryan Taliaferro and Jeffrey Wurgler
Harvard Business School, Acadian Asset Management and NYU Stern School of Business
Downloads 373 (63,995)
Citation 20

Abstract:

Predictability, market timing, bias

Pseudo Market Timing and Predictive Regressions

NYU Working Paper No. FIN-04-021
Number of pages: 37 Posted: 03 Nov 2008
Malcolm P. Baker, Ryan Taliaferro and Jeffrey Wurgler
Harvard Business School, Acadian Asset Management and NYU Stern School of Business
Downloads 85 (249,675)
Citation 20

Abstract:

Predictive Regressions Based on Managerial Decision Variables: Is There a Small-Sample Bias?

NYU Working Paper No. 2451/31360, NYU Working Paper No. FIN-11-027
Number of pages: 20 Posted: 15 Dec 2011
Malcolm P. Baker, Jeffrey Wurgler and Ryan Taliaferro
Harvard Business School, NYU Stern School of Business and Acadian Asset Management
Downloads 51 (330,666)
Citation 25

Abstract:

Pseudo Market Timing and Predictive Regressions

NBER Working Paper No. w10823
Number of pages: 38 Posted: 19 Oct 2004 Last Revised: 30 Jul 2010
Malcolm P. Baker, Ryan Taliaferro and Jeffrey Wurgler
Harvard Business School, Acadian Asset Management and NYU Stern School of Business
Downloads 49 (336,942)
Citation 20

Abstract:

Predicting Returns with Managerial Decision Variables: Is There a Small-Sample Bias?

Journal of Finance, Vol. 61, No. 4, pp. 1711-1730, August 2006
Posted: 22 Feb 2006 Last Revised: 12 Aug 2008
Malcolm P. Baker, Ryan Taliaferro and Jeffrey Wurgler
Harvard Business School, Acadian Asset Management and NYU Stern School of Business

Abstract:

Predictive regressions, market timing, small sample bias

26.

The Risk Anomaly Tradeoff of Leverage

Downloads 439 ( 53,094)

The Risk Anomaly Tradeoff of Leverage

Number of pages: 47 Posted: 15 Mar 2015
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business
Downloads 393 (60,191)

Abstract:

leverage, capital structure, anomaly, risk, tradeoff, corporate finance

The Risk Anomaly Tradeoff of Leverage

NYU Working Paper No. 2451/34914
Number of pages: 47 Posted: 31 Aug 2016
Malcolm P. Baker, Mathias Hoeyer and Jeffrey Wurgler
Harvard Business School, University of Oxford and NYU Stern School of Business
Downloads 28 (416,983)

Abstract:

risk anomaly, capital structure, leverage

The Risk Anomaly Tradeoff of Leverage

NBER Working Paper No. w22116
Number of pages: 48 Posted: 28 Mar 2016
Malcolm P. Baker, Mathias Hoeyer and Jeffrey Wurgler
Harvard Business School, University of Oxford and NYU Stern School of Business
Downloads 18 (472,835)
  • Add to Cart

Abstract:

27.

The Effect of Dividends on Consumption

Downloads 425 ( 55,203)
Citation 18

The Effect of Dividends on Consumption

Number of pages: 54 Posted: 06 Mar 2006 Last Revised: 12 Aug 2008
Malcolm P. Baker, Stefan Nagel and Jeffrey Wurgler
Harvard Business School, University of Chicago - Booth School of Business and NYU Stern School of Business
Downloads 314 (78,242)
Citation 18

Abstract:

Dividend, consumption, household

The Effect of Dividends on Consumption

NYU Working Paper No. FIN-05-041
Number of pages: 49 Posted: 03 Nov 2008
Malcolm P. Baker, Stefan Nagel and Jeffrey Wurgler
Harvard Business School, University of Chicago - Booth School of Business and NYU Stern School of Business
Downloads 79 (261,303)
Citation 18

Abstract:

The Effect of Dividends on Consumption

NBER Working Paper No. w12288
Number of pages: 50 Posted: 16 Jun 2006
Malcolm P. Baker, Stefan Nagel and Jeffrey Wurgler
Harvard Business School, University of Chicago - Booth School of Business and NYU Stern School of Business
Downloads 32 (398,510)
Citation 18

Abstract:

The Effect of Dividends on Consumption

Brookings Papers on Economic Activity, pp. 277-291, 2007
Posted: 30 Apr 2007 Last Revised: 12 Jan 2009
Malcolm P. Baker, Stefan Nagel and Jeffrey Wurgler
Harvard Business School, University of Chicago - Booth School of Business and NYU Stern School of Business

Abstract:

dividend, consumption, tax cut, CEX, mental accounting

28.

Dividends as Reference Points: A Behavioral Signaling Approach

Downloads 422 ( 55,674)
Citation 4

Dividends as Reference Points: A Behavioral Signaling Approach

Review of Financial Studies (Forthcoming), NYU Working Paper No. 2451/31372
Number of pages: 64 Posted: 16 Dec 2011 Last Revised: 05 Dec 2015
Malcolm P. Baker, Brock Mendel and Jeffrey Wurgler
Harvard Business School, Harvard University and NYU Stern School of Business
Downloads 285 (87,420)
Citation 4

Abstract:

Dividends as Reference Points: A Behavioral Signaling Approach

Number of pages: 59 Posted: 16 Jul 2012
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business
Downloads 123 (192,271)
Citation 4

Abstract:

dividend, signaling, Lintner, repurchase, behavioral signaling

Dividends as Reference Points: A Behavioral Signaling Approach

NBER Working Paper No. w18242
Number of pages: 60 Posted: 21 Jul 2012
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business
Downloads 14 (496,120)
Citation 4

Abstract:

29.

Corporate Financing Decisions When Investors Take the Path of Least Resistance

Downloads 384 ( 62,491)
Citation 32

Corporate Financing Decisions When Investors Take the Path of Least Resistance

Number of pages: 55 Posted: 13 Dec 2004 Last Revised: 12 Aug 2008
Malcolm P. Baker, Joshua D. Coval and Jeremy C. Stein
Harvard Business School, Harvard Business School - Finance Unit and Harvard University - Department of Economics
Downloads 342 (70,967)
Citation 32

Abstract:

Inertia, mergers, equity issuance

Corporate Financing Decisions When Investors Take the Path of Least Resistance

NBER Working Paper No. w10998
Number of pages: 51 Posted: 19 Jan 2005 Last Revised: 22 Jul 2010
Malcolm P. Baker, Joshua D. Coval and Jeremy C. Stein
Harvard Business School, Harvard Business School - Finance Unit and Harvard University - Department of Economics
Downloads 42 (359,822)
Citation 32

Abstract:

Corporate Financing Decisions When Investors Take the Path of Least Resistance

Journal of Financial Economics (JFE), Vol. 84, No. 2, pp. 266-298, May 2007
Posted: 25 Jun 2008 Last Revised: 12 Jan 2009
Joshua D. Coval, Jeremy C. Stein and Malcolm P. Baker
Harvard Business School - Finance Unit, Harvard University - Department of Economics and Harvard Business School

Abstract:

mergers, inertia, equity issuance

30.

Catering Through Nominal Share Prices

Downloads 354 ( 68,690)
Citation 21

Catering Through Nominal Share Prices

Number of pages: 46 Posted: 16 Jan 2008 Last Revised: 12 Jan 2009
Malcolm P. Baker, Robin M. Greenwood and Jeffrey Wurgler
Harvard Business School, Harvard Business School - Finance Unit and NYU Stern School of Business
Downloads 257 (97,726)
Citation 21

Abstract:

Stock splits, catering, payout policy, investor demand, nominal share prices

Catering Through Nominal Share Prices

NYU Working Paper No. FIN-07-026
Number of pages: 46 Posted: 03 Nov 2008
Malcolm P. Baker, Robin M. Greenwood and Jeffrey Wurgler
Harvard Business School, Harvard Business School - Finance Unit and NYU Stern School of Business
Downloads 83 (253,423)
Citation 21

Abstract:

Catering Through Nominal Share Prices

NBER Working Paper No. w13762
Number of pages: 46 Posted: 30 Jan 2008 Last Revised: 10 Aug 2010
Malcolm P. Baker, Robin M. Greenwood and Jeffrey Wurgler
Harvard Business School, Harvard Business School - Finance Unit and NYU Stern School of Business
Downloads 14 (496,120)
Citation 21

Abstract:

31.

Under New Management: Equity Issues and the Attribution of Past Returns

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 30 Posted: 10 Apr 2009 Last Revised: 28 Oct 2015
Malcolm P. Baker and Yuhai Xuan
Harvard Business School and University of Illinois at Urbana-Champaign - Department of Finance
Downloads 219 (72,999)
Citation 7

Abstract:

32.

Dividends as Reference Points: A Behavioral Signaling Approach

NYU Working Paper No. 2451/38627
Number of pages: 42 Posted: 12 May 2017
Malcolm P. Baker, Jeffrey Wurgler and Brock Mendel
Harvard Business School, NYU Stern School of Business and Harvard University
Downloads 11 (492,672)
Citation 4

Abstract:

33.

Do Strict Capital Requirements Raise the Cost of Capital? Bank Regulation and the Low Risk Anomaly

NYU Working Paper No. 2451/38628
Number of pages: 59 Posted: 12 May 2017
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business
Downloads 0 (445,891)
Citation 2

Abstract:

Banking, Bank, Capital Requirements, Leverage, Basel

34.

Optimal Tilts

Number of pages: 39 Posted: 22 Feb 2016
Malcolm P. Baker, Terence Burnham and Ryan Taliaferro
Harvard Business School, Chapman University - Department of Business and Economics and Acadian Asset Management
Downloads 0 (143,549)

Abstract:

asset pricing, valuation, market efficiency, investment management

35.

Risk Neglect in Equity Markets

Journal of Portfolio Management, Forthcoming
Posted: 06 Feb 2016
Malcolm P. Baker
Harvard Business School

Abstract:

Asset Allocation, Behavioral Finance, Equity Investments, Private Equity

36.

Matrix Capital Management (B)

Harvard Business School Finance Case No. 211-048
Posted: 04 Feb 2012
Malcolm P. Baker and David Lane
Harvard Business School and Harvard Business School

Abstract:

37.

Matrix Capital Management (A)

Harvard Business School Finance Case No. 211-017
Posted: 04 Feb 2012
Malcolm P. Baker and David Lane
Harvard Business School and Harvard Business School

Abstract:

38.

Matrix Capital Management (C)

Harvard Business School Finance Case No. 211-060
Posted: 04 Feb 2012
Malcolm P. Baker and David Lane
Harvard Business School and Harvard Business School

Abstract:

39.

Wells Fargo Convertible Bonds

HBS Case No.: 206-022
Posted: 22 Sep 2008
Malcolm P. Baker and Liz Kind
Harvard Business School and affiliation not provided to SSRN

Abstract:

40.

The MCI Takeover Battle: Verizon Versus Qwest

HBS Case No.: 206-045
Posted: 22 Sep 2008
Malcolm P. Baker and James Quinn
Harvard Business School and Harvard Business School

Abstract:

41.

Corning: Convertible Preferred Stock

HBS Case No.: 206-018
Posted: 22 Sep 2008
Malcolm P. Baker and James Quinn
Harvard Business School and Harvard Business School

Abstract:

42.

Pharmacyclics: Financing Research & Development

HBS Publishing Case No.: 9-201-056; Teaching Note No.: 5-204-012
Posted: 10 Nov 2005 Last Revised: 23 Mar 2013
Richard S. Ruback, Malcolm P. Baker and Aldo Sesia
Harvard Business School, Harvard Business School and Harvard Business School

Abstract:

Submit a Paper Section 508 Text Only Pages

Quick Links

Research Paper Series Conference Papers Partners in Publishing Organization Homepages Newsletter Sign Up

Rankings

Top Papers Top Authors Top Organizations

About

SSRN Objectives Network Directors Presidential Letter Announcements Contact us FAQs
Elsevier logo
Copyright Terms and Conditions Privacy Policy

Cookies are used by this site. To decline or learn more, visit our Cookies page. This page was processed by apollobot1 in 3.636 seconds

Relx Group logo