Michael J. Barclay

University of Rochester - Simon School (Deceased)

Alumni Distinguished Professor of Business Administration - Finance Area Coordinator

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SCHOLARLY PAPERS

21

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112

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116

Scholarly Papers (21)

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1.

Price Discovery and Trading Costs after Hours

Number of pages: 35 Posted: 02 Mar 2000
Michael J. Barclay and Terrence Hendershott
University of Rochester - Simon School (Deceased) and University of California, Berkeley - Haas School of Business
Downloads 1,743 (12,109)
Citation 26

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2.

On the Debt Capacity of Growth Options

Number of pages: 31 Posted: 06 Sep 2001
Michael J. Barclay, Erwan Morellec and Clifford W. Smith
University of Rochester - Simon School (Deceased), Ecole Polytechnique Fédérale de Lausanne and Simon Graduate School of Business, University of Rochester
Downloads 1,651 (13,193)
Citation 48

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Growth Options, Book Leverage

3.

Electronic Communications Networks and Market Quality

Number of pages: 40 Posted: 18 May 2001
Michael J. Barclay, Terrence Hendershott and Tim McCormick
University of Rochester - Simon School (Deceased), University of California, Berkeley - Haas School of Business and U.S. Securities and Exchange Commission
Downloads 1,602 (13,813)
Citation 7

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4.

The Block Pricing Puzzle

Number of pages: 46 Posted: 09 Apr 2001
Michael J. Barclay, Clifford G. Holderness and Dennis P. Sheehan
University of Rochester - Simon School (Deceased), Boston College - Department of Finance and Pennsylvania State University
Downloads 1,573 (14,207)
Citation 25

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Negotiated block trades, private placements, block pricing, discounts, premiums

5.

Information and Trading on Electronic Communications Networks

Number of pages: 42 Posted: 11 Nov 2002
Michael J. Barclay, Terrence Hendershott and Tim McCormick
University of Rochester - Simon School (Deceased), University of California, Berkeley - Haas School of Business and U.S. Securities and Exchange Commission
Downloads 1,352 (18,032)
Citation 4

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6.

Order Consolidation, Price Efficiency, and Extreme Liquidity Shocks

Simon School, University of Rochester, Research Paper
Number of pages: 44 Posted: 12 Nov 2003
Michael J. Barclay, Terrence Hendershott and Charles M. Jones
University of Rochester - Simon School (Deceased), University of California, Berkeley - Haas School of Business and Columbia Business School
Downloads 1,086 (24,949)
Citation 21

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Market structure, price discovery, price efficiency, volatility, liquidity

7.

Private Placements and Managerial Entrenchment

Journal of Corporate Finance, Forthcoming, AFA 2004 San Diego Meetings Paper
Number of pages: 45 Posted: 29 Nov 2003
Michael J. Barclay, Clifford G. Holderness and Dennis P. Sheehan
University of Rochester - Simon School (Deceased), Boston College - Department of Finance and Pennsylvania State University
Downloads 902 (32,547)
Citation 31

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G32, G34

8.

The Advantages of Using Earnings for Compensation: Matching Delivered Performance

Downloads 826 ( 36,681)
Citation 13

The Advantages of Using Earnings for Compensation: Matching Delivered Performance

Number of pages: 31 Posted: 31 Aug 2000
Michael J. Barclay, Dhananjay (Dan) K. Gode and S.P. Kothari
University of Rochester - Simon School (Deceased), New York University (NYU) - Department of Accounting and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 712 (44,289)
Citation 3

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The Advantages of Using Earnings for Compensation: Matching Delivered Performance

NYU Working Paper No. 2451/27483
Number of pages: 31 Posted: 08 Oct 2008
Michael J. Barclay, Dan Gode and S.P. Kothari
University of Rochester - Simon School (Deceased), affiliation not provided to SSRN and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 114 (299,480)
Citation 3

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9.

The Joint Determination of Leverage and Maturity

Simon Graduate School Working Paper No. FR 01-20
Number of pages: 29 Posted: 12 Nov 2001
Michael J. Barclay, Leslie M. Marx and Clifford W. Smith
University of Rochester - Simon School (Deceased), Duke University - Fuqua School of Business, Economics Group and Simon Graduate School of Business, University of Rochester
Downloads 728 (43,602)
Citation 45

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10.

Rational Financial Management: Evidence from Seasoned Equity Offerings

AFA 2010 Atlanta Meetings Paper
Number of pages: 41 Posted: 19 Mar 2008 Last Revised: 15 Feb 2014
Michael J. Barclay, Fangjian Fu and Clifford W. Smith
University of Rochester - Simon School (Deceased), Singapore Management University - Lee Kong Chian School of Business and Simon Graduate School of Business, University of Rochester
Downloads 614 (54,649)
Citation 6

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Capital Structure, Seasoned Equity Offerings, Tradeoff, Pecking-order, Market-timing

11.

Dividends and Dominant Corporate Shareholders

Number of pages: 47 Posted: 29 Nov 2003
Michael J. Barclay, Clifford G. Holderness and Dennis P. Sheehan
University of Rochester - Simon School (Deceased), Boston College - Department of Finance and Pennsylvania State University
Downloads 606 (55,547)
Citation 41

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12.

Dividends and Corporate Shareholders

Downloads 440 ( 82,356)

Dividends and Corporate Shareholders

Review of Financial Studies, Forthcoming
Number of pages: 66 Posted: 05 Jun 2007
Michael J. Barclay, Clifford G. Holderness and Dennis P. Sheehan
University of Rochester - Simon School (Deceased), Boston College - Department of Finance and Pennsylvania State University
Downloads 440 (81,615)
Citation 4

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Dividends, Corporate Blockholders, Taxes

Dividends and Corporate Shareholders

The Review of Financial Studies, Vol. 22, Issue 6, pp. 2423-2455, 2009
Posted: 01 Jun 2009
Michael J. Barclay, Clifford G. Holderness and Dennis P. Sheehan
University of Rochester - Simon School (Deceased), Boston College - Department of Finance and Pennsylvania State University

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G30, G32, G35

13.

The Maturity Structure of Corporate Debt

Posted: 03 May 2000
Michael J. Barclay and Clifford W. Smith
University of Rochester - Simon School (Deceased) and Simon Graduate School of Business, University of Rochester

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14.

The Effects of Transaction Costs on Stock Prices and Trading Volume

Posted: 16 Jul 1998
Michael J. Barclay, Eugene Kandel and Leslie M. Marx
University of Rochester - Simon School (Deceased), Hebrew University of Jerusalem - Department of Economics and Duke University - Fuqua School of Business, Economics Group

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15.

Bid-Ask Spreads and the Avoidance of Odd-Eighth Quotes on NASDAQ: An Examination of Exchange Listings

Posted: 01 Jul 1998
Michael J. Barclay
University of Rochester - Simon School (Deceased)

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16.

Open-End Mutual Funds and Capital-Gains Taxes

Working Paper FR 95-25
Posted: 13 Jun 1998
Michael J. Barclay, Neil D. Pearson and Michael S. Weisbach
University of Rochester - Simon School (Deceased), University of Illinois at Urbana-Champaign - Department of Finance and Ohio State University (OSU) - Department of Finance

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17.

Leverage and Maturity as Strategic Complements

Posted: 22 Apr 1998
Michael J. Barclay, Leslie M. Marx and Clifford W. Smith
University of Rochester - Simon School (Deceased), Duke University - Fuqua School of Business, Economics Group and Simon Graduate School of Business, University of Rochester

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18.

Transaction Costs and Liquidity: An Empirical Investigation

Posted: 11 Feb 1998
Michael J. Barclay, Leslie M. Marx and Eugene Kandel
University of Rochester - Simon School (Deceased), Duke University - Fuqua School of Business, Economics Group and Hebrew University of Jerusalem - Department of Economics

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19.

The Costs of Trading NASDAQ Issues: The Impact of Limit Orders and Ecn Quotes

Posted: 10 Feb 1998
Michael J. Barclay, William G. Christie, Jeffrey H. Harris, Eugene Kandel and Paul H. Schultz
University of Rochester - Simon School (Deceased), Vanderbilt University - Finance, American University - Department of Finance and Real Estate, Hebrew University of Jerusalem - Department of Economics and University of Notre Dame - Department of Finance

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20.

Measuring Delivered Performance

Working Paper FR 96-07
Posted: 08 Sep 1997
Michael J. Barclay, Dhananjay (Dan) K. Gode and S.P. Kothari
University of Rochester - Simon School (Deceased), New York University (NYU) - Department of Accounting and Massachusetts Institute of Technology (MIT) - Sloan School of Management

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21.

Earnings Versus Price Changes: Delivered Versus Expected Performance

Posted: 09 Sep 1996
Michael J. Barclay, Dhananjay (Dan) K. Gode and S.P. Kothari
University of Rochester - Simon School (Deceased), New York University (NYU) - Department of Accounting and Massachusetts Institute of Technology (MIT) - Sloan School of Management

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