Author Page for Michael L. Lemmon

Temple University - Department of Finance, Texas Christian University, University of Utah - Department of Finance and Arizona State University - Department of Finance

Downloads 2,977 (2,613)

Citation 46

Abstract:

4.

Debt Capacity and Tests of Capital Structure Theories

AFA 2003 Washington, DC Meetings

Number of pages: 44 Posted: 17 Oct 2002

Jaime F. Zender and Michael L. Lemmon

University of Colorado at Boulder - Department of Finance and University of Utah - Department of Finance

Downloads 2,779 (3,259)

Citation 97

Abstract:

5.

Equilibrium Pricing and Optimal Hedging in Electricity Forward Markets

Downloads 2,384 ( 4,692)

Citation 50

2

Equilibrium Pricing and Optimal Hedging in Electricity Forward Markets

Number of pages: 39 Posted: 17 Feb 1999

Hendrik Bessembinder and Michael L. Lemmon

Arizona State University and University of Utah - Department of Finance

Downloads 2,384 (4,594)

Citation 50

Abstract:

Equilibrium Pricing and Optimal Hedging in Electricity Forward Markets

Journal of Finance, Vol. 57, pp. 1347-1382, 2002

Posted: 29 Nov 2003

Hendrik Bessembinder and Michael L. Lemmon

Arizona State University and University of Utah - Department of Finance

Abstract:

6.

Back to the Beginning: Persistence and the Cross-Section of Corporate Capital Structure

Number of pages: 63 Posted: 09 Feb 2006

Michael L. Lemmon, Michael R. Roberts and Jaime F. Zender

University of Utah - Department of Finance, The Wharton School - University of Pennsylvania; National Bureau of Economic Research (NBER) and University of Colorado at Boulder - Department of Finance

Downloads 1,980 (5,506)

Citation 204

Abstract:

7.

Does Corporate Diversification Destroy Value?

Downloads 1,778 ( 7,759)

Citation 176

2

Does Corporate Diversification Destroy Value?

Number of pages: 38 Posted: 15 Dec 1999

John R. Graham, Michael L. Lemmon and Jack G. Wolf

Duke University, University of Utah - Department of Finance and Clemson University - Department of Finance

Downloads 1,778 (7,601)

Citation 176

Abstract:

Does Corporate Diversification Destroy Value?

Journal of Finance, Vol. 57, pp. 695-720, 2002

Posted: 24 Sep 2001

John R. Graham, Michael L. Lemmon and Jack G. Wolf

Duke University, University of Utah - Department of Finance and Clemson University - Department of Finance

Abstract:

8.

Option Backdating and Board Interlocks

Downloads 1,737 ( 8,044)

Citation 58

1

Option Backdating and Board Interlocks

Review of Financial Studies, 2009, 22, 4821-4847

Number of pages: 42 Posted: 24 Nov 2006 Last Revised: 01 Feb 2016

John M. Bizjak, Michael L. Lemmon and Ryan J. Whitby

Texas Christian University, University of Utah - Department of Finance and Utah State University - Huntsman School of Business

Downloads 1,737 (7,880)

Citation 58

Abstract:

9.

Insider Trading in Derivative Securities: An Empirical Examination of the Use of Zero-Cost Collars and Equity Swaps by Corporate Insiders

Number of pages: 43 Posted: 23 Jun 1999

J. Carr Bettis, Michael L. Lemmon and John M. Bizjak

Arizona State University (ASU) - Finance Department, University of Utah - Department of Finance and Texas Christian University

Downloads 1,541 (9,076)

Citation 19

Abstract:

10.

Has the Use of Peer Groups Contributed to Higher Pay and Less Efficient Compensation?

Number of pages: 50 Posted: 11 Dec 2000

John M. Bizjak, Michael L. Lemmon and Lalitha Naveen

Texas Christian University, University of Utah - Department of Finance and Temple University

Downloads 1,462 (9,824)

Citation 9

Abstract:

11.

Long-Run Performance Following Private Placements of Equity

Downloads 1,332 ( 12,380)

Citation 85

2

Long-Run Performance Following Private Placements of Equity

Number of pages: 36 Posted: 01 Jul 1999

Michael G. Hertzel, Michael L. Lemmon, James S. Linck and Lynn L. Rees

Arizona State University (ASU) - Finance Department, University of Utah - Department of Finance, Southern Methodist University (SMU) - Finance Department and Texas A&M University - Department of Accounting

Downloads 1,332 (12,129)

Citation 85

Abstract:

Long-Run Performance Following Private Placements of Equity

Journal of Finance, Forthcoming

Posted: 27 Dec 2001

James S. Linck, Michael G. Hertzel, Michael L. Lemmon and Lynn L. Rees

Southern Methodist University (SMU) - Finance Department, Arizona State University (ASU) - Finance Department, University of Utah - Department of Finance and Texas A&M University - Department of Accounting

Abstract:

12.

The Cost of Employee Stock Options

Number of pages: 55 Posted: 01 Apr 2003

J. Carr Bettis, Michael L. Lemmon and John M. Bizjak

Arizona State University (ASU) - Finance Department, University of Utah - Department of Finance and Texas Christian University

Downloads 1,274 (12,521)

Citation 4

Abstract:

13.

Debt, Leases, Taxes and the Endogeneity of Corporate Tax Status

Downloads 1,191 ( 14,720)

2

Debt, Leases, Taxes and the Endogeneity of Corporate Tax Status

Number of pages: 52 Posted: 02 Dec 1996

John R. Graham, Michael L. Lemmon and Jim Schallheim

Duke University, University of Utah - Department of Finance and University of Utah - Department of Finance

Downloads 1,191 (14,422)

Citation 115

Abstract:

Debt, Leases, Taxes and the Endogeneity of Corporate Tax Status

Journal of Finance, 1997

Posted: 02 May 1998

John R. Graham, Michael L. Lemmon and Jim Schallheim

Duke University, University of Utah - Department of Finance and University of Utah - Department of Finance

Abstract:

14.

Board Classification and Managerial Entrenchment: Evidence from the Market for Corporate Control

HKUST Business School Research Paper No. 07-05

Number of pages: 45 Posted: 10 Aug 2006 Last Revised: 22 Oct 2007

David A. Becher, Thomas W. Bates and Michael L. Lemmon

Drexel University, Arizona State University - Department of Finance and University of Utah - Department of Finance

Downloads 1,136 (13,539)

Citation 36

Abstract:

15.

CEO Turnover and Firm Diversification

Number of pages: 41 Posted: 27 Apr 2000

Tammy K. Berry, Michael L. Lemmon, John M. Bizjak and Lalitha Naveen

Northern Illinois University - Department of Finance, University of Utah - Department of Finance, Texas Christian University and Temple University

Downloads 995 (17,270)

Citation 11

Abstract:

16.

The Response of Corporate Financing and Investment to Changes in the Supply of Credit

HKUST Business School Research Paper No. 07-29

Number of pages: 55 Posted: 07 Feb 2007 Last Revised: 13 Dec 2011

Michael R. Roberts and Michael L. Lemmon

The Wharton School - University of Pennsylvania; National Bureau of Economic Research (NBER) and University of Utah - Department of Finance

Downloads 895 (20,395)

Citation 58

Abstract:

17.

Survival of the Fittest? Financial and Economic Distress and Restructuring Outcomes in Chapter 11

Third Singapore International Conference on Finance 2009

Number of pages: 65 Posted: 12 Jan 2009 Last Revised: 08 Sep 2009

Michael L. Lemmon, Yung-Yu Ma and Elizabeth Tashjian

University of Utah - Department of Finance, Lehigh University - Department of Finance and University of Utah - Department of Finance

Downloads 831 (19,867)

Citation 5

Abstract:

18.

Breaking Up is Hard to Do? An Analysis of Termination Fee Provisions and Merger Outcomes

Downloads 829 ( 25,288)

Citation 63

2

Breaking Up is Hard to Do? An Analysis of Termination Fee Provisions and Merger Outcomes

Univ. of Delaware Coll. of Bus. and Econ. Ctr. for Corp. Governance Working Paper No. 2002-005

Number of pages: 51 Posted: 19 Feb 2003

Thomas W. Bates and Michael L. Lemmon

Arizona State University - Department of Finance and University of Utah - Department of Finance

Downloads 829 (24,872)

Citation 63

Abstract:

Breaking Up is Hard to Do? An Analysis of Termination Fee Provisions and Merger Outcomes

Journal of Financial Economics, Forthcoming

Posted: 19 Feb 2003

Thomas W. Bates and Michael L. Lemmon

Arizona State University - Department of Finance and University of Utah - Department of Finance

Abstract:

19.

Consumer Confidence and Asset Prices: Some Empirical Evidence

Downloads 826 ( 25,427)

Citation 78

3

Consumer Confidence and Asset Prices: Some Empirical Evidence

Number of pages: 43 Posted: 22 Dec 2004

Michael L. Lemmon and Evgenia V. Golubeva

University of Utah - Department of Finance and University of Oklahoma - Division of Finance

Downloads 468 (53,407)

Citation 78

Abstract:

Consumer Confidence and Asset Prices: Some Empirical Evidence

Number of pages: 42 Posted: 29 Oct 2002

Michael L. Lemmon and Evgenia V. Golubeva

University of Utah - Department of Finance and University of Oklahoma - Division of Finance

Downloads 358 (73,858)

Citation 78

Abstract:

Consumer Confidence and Asset Prices: Some Empirical Evidence

The Review of Financial Studies, Vol. 19, Issue 4, pp. 1499-1529, 2006

Posted: 29 Feb 2008

Evgenia Portniaguina and Michael L. Lemmon

affiliation not provided to SSRN and University of Utah - Department of Finance

Abstract:

20.

Shareholder Wealth Effects and Bid Negotiation in Freeze-Out Deals: Are Minority Shareholders Left Out in the Cold?

Journal of Financial Economics (JFE), Vol. 81, No. 3, 2006

Number of pages: 44 Posted: 24 Aug 2004 Last Revised: 04 Mar 2018

Thomas W. Bates, Michael L. Lemmon and James S. Linck

Arizona State University - Department of Finance, University of Utah - Department of Finance and Southern Methodist University (SMU) - Finance Department

Downloads 824 (22,822)

Citation 28

Abstract:

21.

The Joint Determinants of Managerial Ownership, Board Independence, and Firm Performance

Second Singapore International Conference on Finance 2008

Number of pages: 45 Posted: 04 Feb 2008 Last Revised: 13 Jul 2008

Jeffrey L. Coles, Michael L. Lemmon and Yan Albert Wang

University of Utah - Department of Finance, University of Utah - Department of Finance and Auburn University

Downloads 799 (22,781)

Citation 19

Abstract:

22.

Dividend Yields and Stock Returns: Evidence from a Country without Taxes

Number of pages: 33 Posted: 25 Mar 2008

Michael L. Lemmon and Thanh Lai Nguyen

University of Utah - Department of Finance and University of Utah - Department of Finance

Downloads 724 (26,266)

Abstract:

23.

Are All CEOs above Average? An Empirical Analysis of Compensation Peer Groups and Pay Design

AFA 2010 Atlanta Meetings Paper

Number of pages: 48 Posted: 23 Mar 2009 Last Revised: 17 Aug 2009

John M. Bizjak, Michael L. Lemmon and Thanh Lai Nguyen

Texas Christian University, University of Utah - Department of Finance and University of Utah - Department of Finance

Downloads 653 (31,625)

Citation 16

Abstract:

24.

Why Designate Market Makers? Affirmative Obligations and Market Quality

Number of pages: 66 Posted: 02 Feb 2012

Hendrik Bessembinder, Jia Hao and Michael L. Lemmon

Arizona State University, CUHK Business School, The Chinese University of Hong Kong and University of Utah - Department of Finance

Downloads 642 (35,966)

Citation 9

Abstract:

25.

Stock Options and Managerial Incentives for Risk-Taking: Evidence from FAS 123R

Journal of Financial Economics 105 (2012) 174 - 190

Number of pages: 59 Posted: 18 Mar 2010 Last Revised: 14 Apr 2015

Rachel M. Hayes, Michael L. Lemmon and Mingming Qiu

University of Utah - David Eccles School of Business, University of Utah - Department of Finance and University of Missouri at Columbia

Downloads 631 (25,905)

Citation 18

Abstract:

26.

Multi-Market Trading and Liquidity: Theory and Evidence

EFA 2004 Maastricht Meetings Paper No. 4642

Number of pages: 42 Posted: 25 Jul 2004

Shmuel Baruch, Michael L. Lemmon and George Andrew Karolyi

University of Utah - Department of Finance, University of Utah - Department of Finance and Cornell University - Samuel Curtis Johnson Graduate School of Management

Downloads 599 (37,014)

Citation 45

Abstract:

27.

Pricing and Gains from Trade in Competitive Electric Power Markets

Number of pages: 28 Posted: 03 Mar 1999

Hendrik Bessembinder and Michael L. Lemmon

Arizona State University and University of Utah - Department of Finance

Downloads 507 (47,478)

Citation 1

Abstract:

28.

Asymmetric Information, Debt Capacity, and Capital Structure

Downloads 505 ( 49,009)

2

Asymmetric Information, Debt Capacity, and Capital Structure

Number of pages: 64 Posted: 26 Sep 2012 Last Revised: 23 Aug 2016

Michael L. Lemmon and Jaime F. Zender

University of Utah - Department of Finance and University of Colorado at Boulder - Department of Finance

Downloads 505 (48,424)

Citation 1

Abstract:

Asymmetric Information, Debt Capacity, and Capital Structure

Posted: 20 Mar 2012 Last Revised: 22 Aug 2016

Michael L. Lemmon and Jaime F. Zender

University of Utah - Department of Finance and University of Colorado at Boulder - Department of Finance

Abstract:

29.

A Comparison of Profitability and CEO Turnover Sensitivity in Large Private and Public Firms

Number of pages: 47 Posted: 12 Jun 2003

Jeffrey L. Coles, Michael L. Lemmon and Lalitha Naveen

University of Utah - Department of Finance, University of Utah - Department of Finance and Temple University

Downloads 491 (45,362)

Citation 3

Abstract:

30.

Are CEOs in Public U.S. Firms Overpaid? New Evidence from Private Firms

Number of pages: 49 Posted: 17 Mar 2010 Last Revised: 19 Mar 2012

Huasheng Gao, Kai Li and Michael L. Lemmon

Fanhai International School of Finance, Fudan University, University of British Columbia (UBC) - Sauder School of Business and University of Utah - Department of Finance

Downloads 490 (41,674)

Citation 2

Abstract:

31.

Pay-for-Performance and Firm Diversification

Number of pages: 37 Posted: 02 Jun 1997

Thomas W. Bates, Michael L. Lemmon and John M. Bizjak

Arizona State University - Department of Finance, University of Utah - Department of Finance and Texas Christian University

Downloads 451 (53,889)

Abstract:

32.

Securitization and Capital Structure in Nonfinancial Firms: An Empirical Investigation

Journal of Finance, 69(4) 1787-1825, August 2014

Number of pages: 89 Posted: 25 Nov 2011 Last Revised: 02 Feb 2018

Michael L. Lemmon, Laura Xiaolei Liu, Mike Qinghao Mao and Greg Nini

University of Utah - Department of Finance, Guanghua School of Management, Peking University, Deakin University - Faculty of Business and Law and Drexel University - Department of Finance

Downloads 394 (41,202)

Citation 2

Abstract:

33.

Behavioral Biases and Investor Behavior: Predicting the Next Step of a Random Walk (Revisited)

Number of pages: 32 Posted: 30 Sep 2004

Elena N. Asparouhova, Michael L. Lemmon and Michael G. Hertzel

University of Utah - David Eccles School of Business, University of Utah - Department of Finance and Arizona State University (ASU) - Finance Department

Downloads 358 (70,297)

Citation 2

Abstract:

34.

Spreading the Misery? Sources of Bankruptcy Spillover in the Supply Chain

AFA 2013 San Diego Meetings Paper

Number of pages: 63 Posted: 12 Mar 2012 Last Revised: 16 Jan 2015

Madhuparna Kolay, Michael L. Lemmon and Elizabeth Tashjian

University of Portland - Dr. Robert B. Pamplin, Jr. School of Business Administration, University of Utah - Department of Finance and University of Utah - Department of Finance

Downloads 354 (48,651)

Abstract:

35.

Employee Stock Options and Investment

UBC Winter Finance 2008 , AFA 2009, EFA 2008, Journal of Finance, Vol. 66, 2011

Number of pages: 55 Posted: 06 Mar 2008 Last Revised: 23 Apr 2015

Ilona Babenko, Michael L. Lemmon and Yuri Tserlukevich

Arizona State University, University of Utah - Department of Finance and Arizona State University (ASU)

Downloads 334 (65,211)

Citation 8

Abstract:

36.

The Effects of Investor Sentiment on Speculative Trading and Prices of Stock and Index Options

Downloads 327 ( 82,607)

Citation 11

2

The Effects of Investor Sentiment on Speculative Trading and Prices of Stock and Index Options

EFA 2009 Bergen Meetings Paper

Number of pages: 51 Posted: 12 Feb 2009 Last Revised: 09 May 2014

Michael L. Lemmon and Sophie Xiaoyan Ni

University of Utah - Department of Finance and Hong Kong Baptist University (HKBU)

Downloads 327 (82,049)

Citation 11

Abstract:

The Effects of Investor Sentiment on Speculative Trading and Prices of Stock and Index Options

AFA 2011 Denver Meetings Paper

Posted: 18 Mar 2010 Last Revised: 09 May 2014

Michael L. Lemmon and Sophie Xiaoyan Ni

University of Utah - Department of Finance and Hong Kong Baptist University (HKBU)

Abstract:

37.

An Empirical Examination of Cost and Benefits of Executive Stock Options: Evidence from Japan

Journal of Financial Economics (JFE), Vol. 78, 2005:435-461

Number of pages: 27 Posted: 29 Jun 2012

Hideaki Kiyoshi Kato, Michael L. Lemmon, Mi (Meg) Luo and Jim Schallheim

Nagoya University - Graduate School of Economics, University of Utah - Department of Finance, Villanova University and University of Utah - Department of Finance

Downloads 24 (391,423)

Citation 25

Abstract:

38.

Inference from Streaks in Random Outcomes: Experimental Evidence on Beliefs in Regime-Shifting and the Law of Small Numbers

Posted: 12 Jun 2009

Elena N. Asparouhova, Michael G. Hertzel and Michael L. Lemmon

University of Utah - David Eccles School of Business, Arizona State University (ASU) - Finance Department and University of Utah - Department of Finance

Abstract:

39.

Does the Use of Peer Groups Contribute to Higher Pay and Less Efficient Compensation?

Journal of Financial Economics (JFE), Forthcoming

Posted: 28 Sep 2007

Michael L. Lemmon, John M. Bizjak and Lalitha Naveen

University of Utah - Department of Finance, Texas Christian University and Temple University

Abstract:

40.

Book-to-Market Equity, Distress Risk, and Stock Returns

Journal of Finance, Vol. 57, October 2002

Posted: 19 Feb 2002

John M. Griffin and Michael L. Lemmon

University of Texas at Austin - Department of Finance and University of Utah - Department of Finance

Abstract:

41.

Managerial Ownership, Incentive Contracting and the Use of Zero-Cost Collars and Equity Swaps by Corporate Insiders

Journal of Financial and Quantitative Analysis, September 2001

Posted: 14 Aug 2001

J. Carr Bettis, Michael L. Lemmon and John M. Bizjak

Arizona State University (ASU) - Finance Department, University of Utah - Department of Finance and Texas Christian University

Abstract:

42.

Do Incentives Matter? Managerial Contracts for Dual-Purpose Funds

Journal of Political Economy, Vol. 108, No. 2, April 2000

Posted: 20 Mar 2000

Michael L. Lemmon, Jim Schallheim and Jaime F. Zender

University of Utah - Department of Finance, University of Utah - Department of Finance and University of Colorado at Boulder - Department of Finance

Abstract:

43.

Innovative Activity and the Strategic Use of Managerial Incentives

Posted: 02 Sep 1999

Michael L. Lemmon

University of Utah - Department of Finance

Abstract:

44.

Generalized Qualitative Response Models and the Prediction of Bankruptcy

Posted: 20 Dec 1998

Jeffrey L. Coles, Michael L. Lemmon and José R. Suay

University of Utah - Department of Finance, University of Utah - Department of Finance and affiliation not provided to SSRN

Abstract:

45.

Corporate Policies Restricting Trading by Insiders

Posted: 17 Apr 1998

J. Carr Bettis, Michael L. Lemmon and Jeffrey L. Coles

Arizona State University (ASU) - Finance Department, University of Utah - Department of Finance and University of Utah - Department of Finance

Michael L. Lemmon

University of Utah - Department of Finance

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Scholarly Papers (45)

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