John R. Graham

Duke University

Professor

Box 90120

Durham, NC 27708-0120

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

107

DOWNLOADS
Rank 37

SSRN RANKINGS

Top 37

in Total Papers Downloads

245,172

TOTAL CITATIONS
Rank 38

SSRN RANKINGS

Top 38

in Total Papers Citations

4,244

Scholarly Papers (107)

1.

The Theory and Practice of Corporate Finance: Evidence from the Field

Number of pages: 48 Posted: 12 Apr 2000
John R. Graham and Campbell R. Harvey
Duke University and Duke University - Fuqua School of Business
Downloads 16,594 (504)
Citation 640

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Capital Structure, Cost of Capital, Cost of Equity, Capital Budgeting, Discount Rates, Project Valuation, Survey

A Review of Empirical Capital Structure Research and Directions for the Future

Annual Review of Financial Economics, Vol. 3, 2011
Number of pages: 59 Posted: 22 Dec 2010 Last Revised: 24 Oct 2011
John R. Graham and Mark T. Leary
Duke University and Washington University in St. Louis - Olin Business School
Downloads 14,527 (621)
Citation 54

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capital structure, leverage, debt ratio, tradeoff theory, financial contracting, target leverage, speed of adjustment, partial adjustment model

A Review of Empirical Capital Structure Research and Directions for the Future

Annual Review of Financial Economics, Vol. 3, pp. 309-345, 2011
Posted: 10 Jan 2012
John R. Graham and Mark T. Leary
Duke University and Washington University in St. Louis - Olin Business School

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3.
Downloads 10,931 ( 1,042)
Citation 11

Corporate Culture: Evidence from the Field

Journal of Financial Economics (JFE), Forthcoming, 27th Annual Conference on Financial Economics and Accounting Paper, Columbia Business School Research Paper No. 16-49, Duke I&E Research Paper No. 2016-33
Number of pages: 133 Posted: 09 Jul 2016 Last Revised: 28 Jul 2022
Duke University, Emory University, Duke University - Fuqua School of Business and Columbia University - Columbia Business School, Accounting, Business Law & Taxation
Downloads 10,633 (1,080)
Citation 10

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Corporate Culture, Values, Norms, Leadership, Corporate Governance, Incentive Compensation, Informal Institutions, Intangible Assets, Valuation, Finance, Risk-taking, Short-termism, Myopia, Innovation, Firm Value, Productivity, M&A valuation, Integrity, Trust, Ethics, Compliance, Earnings Management

Corporate Culture: Evidence from the Field

NBER Working Paper No. w23255
Number of pages: 79 Posted: 20 Mar 2017 Last Revised: 17 Jul 2023
Duke University, Duke University - Fuqua School of Business, Emory University and Columbia University - Columbia Business School, Accounting, Business Law & Taxation
Downloads 298 (212,312)
Citation 1

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4.
Downloads 10,042 ( 1,193)
Citation 98

Earnings Quality: Evidence from the Field

Number of pages: 73 Posted: 10 Jul 2012 Last Revised: 21 Feb 2014
Emory University - Department of Accounting, Duke University, Duke University - Fuqua School of Business and Columbia University - Columbia Business School, Accounting, Business Law & Taxation
Downloads 10,042 (1,186)
Citation 98

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earnings quality, FASB, CFO, survey, earnings management

Earnings Quality: Evidence from the Field

Journal of Accounting & Economics (JAE), Forthcoming
Posted: 07 Jun 2013 Last Revised: 05 Dec 2013
Emory University - Department of Accounting, Duke University, Duke University - Fuqua School of Business and Columbia University - Columbia Business School, Accounting, Business Law & Taxation

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earnings quality, FASB, sustainable earnings, earnings management

5.
Downloads 9,631 ( 1,270)
Citation 101

Payout Policy in the 21st Century

Tuck Contemporary Corporate Finance Issues III Conference Paper
Number of pages: 43 Posted: 03 Aug 2004
Duke University - Fuqua School of Business, Duke University - Fuqua School of Business, Duke University and The University of Hong Kong
Downloads 8,960 (1,424)
Citation 60

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Payout, Dividend policy, Share repurchases, Lintner model

Payout Policy in the 21st Century

NBER Working Paper No. w9657
Number of pages: 59 Posted: 23 May 2003 Last Revised: 21 Nov 2022
Duke University - Fuqua School of Business, Duke University, Duke University - Fuqua School of Business and The University of Hong Kong
Downloads 671 (81,307)
Citation 41

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The Economic Implications of Corporate Financial Reporting

Number of pages: 72 Posted: 25 Jan 2004
Duke University, Duke University - Fuqua School of Business and Columbia University - Columbia Business School, Accounting, Business Law & Taxation
Downloads 8,645 (1,521)
Citation 36

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financial statement, earnings management, earnings benchmark, voluntary disclosure, information risk

The Economic Implications of Corporate Financial Reporting

NBER Working Paper No. w10550
Number of pages: 72 Posted: 22 Jun 2004 Last Revised: 01 May 2022
Duke University, Duke University - Fuqua School of Business and Columbia University - Columbia Business School, Accounting, Business Law & Taxation
Downloads 269 (236,253)
Citation 257

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The Economic Implications of Corporate Financial Reporting

Posted: 14 Sep 2004
Duke University, Duke University - Fuqua School of Business and Columbia University - Columbia Business School, Accounting, Business Law & Taxation

Abstract:

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financial statement, earnings management, earnings benchmark, voluntary disclosure, information risk,

The Economic Implications of Corporate Financial Reporting

Posted: 12 Jan 2005
Duke University, Duke University - Fuqua School of Business and Columbia University - Columbia Business School, Accounting, Business Law & Taxation

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Financial statement, earnings management, earnings benchmark, voluntary disclosure, information risk

7.

Optimal Capital Structure

Number of pages: 39 Posted: 20 Jan 2011 Last Revised: 15 Sep 2013
Jules H. van Binsbergen, John R. Graham and Jie Yang
University of Pennsylvania - The Wharton School, Duke University and Board of Governors of the Federal Reserve System
Downloads 7,353 (1,997)
Citation 2

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capital structure, cost of debt, optimal leverage

8.

Taxes and Corporate Finance

Number of pages: 92 Posted: 10 Apr 2001
John R. Graham
Duke University
Downloads 5,341 (3,487)
Citation 8

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Capital Structure, Corporate Finance, Compensation, Dividends, Payout Policy, Taxes

9.

How Do Cfos Make Capital Budgeting and Capital Structure Decisions?

Number of pages: 36 Posted: 09 Sep 2005
John R. Graham and Campbell R. Harvey
Duke University and Duke University - Fuqua School of Business
Downloads 5,037 (3,854)
Citation 55

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Capital structure, Cost of capital, Cost of equity, Capital budgeting, Discount Rates, Project valuation, Survey, Debt policy, Trade-off theory

10.
Downloads 5,019 ( 3,880)
Citation 146

Managerial Miscalibration

Quarterly Journal of Economics, Forthcoming
Number of pages: 38 Posted: 16 Jul 2010 Last Revised: 30 Oct 2019
Itzhak Ben-David, John R. Graham and Campbell R. Harvey
Ohio State University (OSU) - Department of Finance, Duke University and Duke University - Fuqua School of Business
Downloads 4,869 (4,037)
Citation 41

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Overprecision, Overconfidence, Behavioral Bias, Behavioral Economics, Investment, Leverage, Expected Returns, Survey Methodology, Capital Structure, Executive Compensation, Risk, Volatility Forecasts, Market Forecasts, Debt Policy, Behavioral Finance, Risk Premium

Managerial Miscalibration

NBER Working Paper No. w16215
Number of pages: 39 Posted: 26 Jul 2010 Last Revised: 23 Apr 2023
Itzhak Ben-David, John R. Graham and Campbell R. Harvey
Ohio State University (OSU) - Department of Finance, Duke University and Duke University - Fuqua School of Business
Downloads 150 (408,740)
Citation 105

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11.

Incentives for Tax Planning and Avoidance: Evidence from the Field

The Accounting Review, Vol. 89, No. 3, pp. 991-1023, May 2014, MIT Sloan Research Paper No. 4990-12
Number of pages: 48 Posted: 19 Sep 2012 Last Revised: 17 May 2014
Duke University, Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of California-IrvineUniversity of California-Irvine and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 4,603 (4,510)
Citation 28

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Tax Planning, Tax Avoidance, Reputation, Financial Reporting Incentives, FIN 48, SOX

The Real Effects of Financial Constraints: Evidence from a Financial Crisis

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 38 Posted: 22 Dec 2008 Last Revised: 26 Dec 2009
Murillo Campello, John R. Graham and Campbell R. Harvey
University of Florida - Warrington College of Business Administration, Duke University and Duke University - Fuqua School of Business
Downloads 3,689 (6,370)
Citation 275

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Financial crisis, financing constraints, investment spending, liquidity management, matching estimators

The Real Effects of Financial Constraints: Evidence from a Financial Crisis

AFA 2010 Atlanta Meetings Paper
Number of pages: 51 Posted: 11 Mar 2009
Murillo Campello, John R. Graham and Campbell R. Harvey
University of Florida - Warrington College of Business Administration, Duke University and Duke University - Fuqua School of Business
Downloads 666 (82,089)
Citation 13

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Financial crisis, financing constraints, investment spending, liquidity management, matching estimators

The Real Effects of Financial Constraints: Evidence from a Financial Crisis

NBER Working Paper No. w15552
Number of pages: 38 Posted: 08 Dec 2009 Last Revised: 01 Jul 2023
Murillo Campello, John R. Graham and Campbell R. Harvey
University of Florida - Warrington College of Business Administration, Duke University and Duke University - Fuqua School of Business
Downloads 132 (453,692)

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13.

Corporate Culture: The Interview Evidence

Duke I&E Research Paper No. 2016-42, Columbia Business School Research Paper No. 16-70
Number of pages: 43 Posted: 24 Sep 2016 Last Revised: 30 Aug 2018
Duke University, Emory University, Duke University - Fuqua School of Business and Columbia University - Columbia Business School, Accounting, Business Law & Taxation
Downloads 4,406 (4,823)
Citation 4

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Corporate culture, Valuation, Finance, Cultural values, Social norms, Leadership, Corporate governance, Incentive compensation, Finance function, Intangible Assets, Risk-taking, Short-termism, Myopia, Innovation, Firm value, Productivity, M&A valuation, Integrity, Trust, Ethics, Compliance, Earnings

14.

Taxes and Corporate Finance: A Review

Number of pages: 72 Posted: 03 Mar 2003
John R. Graham
Duke University
Downloads 3,978 (5,690)
Citation 157

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Capital Structure, Corporate Finance, Compensation, Dividends, Payout Policy, Taxes

15.
Downloads 3,902 ( 5,880)
Citation 83

Research in Accounting for Income Taxes

Number of pages: 84 Posted: 07 Dec 2008 Last Revised: 20 Sep 2012
Duke University, University of North Carolina at Chapel Hill and University of North Carolina Kenan-Flagler Business School
Downloads 3,725 (6,254)
Citation 45

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accounting for income taxes, accounting, taxes, earnings management, asset pricing

Research in Accounting for Income Taxes

NBER Working Paper No. w15665
Number of pages: 125 Posted: 25 Jan 2010 Last Revised: 22 Apr 2023
Duke University, University of North Carolina at Chapel Hill and University of North Carolina Kenan-Flagler Business School
Downloads 177 (353,786)
Citation 38

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16.

Managerial Attitudes and Corporate Actions

Number of pages: 43 Posted: 11 Jul 2009 Last Revised: 28 May 2012
John R. Graham, Campbell R. Harvey and Manju Puri
Duke University, Duke University - Fuqua School of Business and Duke University - Fuqua School of Business
Downloads 3,887 (5,926)
Citation 94

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Managers, attitudes, personality traits, risk aversion, capital structure, debt, acquisitions, corporate policies, behavioral corporate finance

17.

The Misrepresentation of Earnings

Financial Analysts Journal, Forthcoming
Number of pages: 23 Posted: 09 Jan 2014 Last Revised: 12 Aug 2015
Emory University - Department of Accounting, Duke University, Duke University - Fuqua School of Business and Columbia University - Columbia Business School, Accounting, Business Law & Taxation
Downloads 3,793 (6,189)
Citation 8

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Earnings management, Earnings misrepresentation, Smooth earnings, Accruals, GAAP, Low-balling, Cookie jar reserves, Sustainable earnings, predictable earnings, real earnings management

18.

Managing Risk Management

AFA 2012 Chicago Meetings Paper
Number of pages: 57 Posted: 18 Mar 2011 Last Revised: 20 Dec 2013
Johns Hopkins University - Paul H. Nitze School of Advanced International Studies (SAIS), Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, Duke University, Duke University - Fuqua School of Business and University of Pennsylvania - Finance Department
Downloads 3,765 (6,271)
Citation 24

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Corporate risk management, Global survey

19.

The Theory and Practice of Corporate Finance: The Data

Number of pages: 17 Posted: 12 May 2003
John R. Graham and Campbell R. Harvey
Duke University and Duke University - Fuqua School of Business
Downloads 3,713 (6,420)
Citation 9

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20.

The Equity Risk Premium in 2014

Number of pages: 21 Posted: 08 Apr 2014
John R. Graham and Campbell R. Harvey
Duke University and Duke University - Fuqua School of Business
Downloads 3,602 (6,739)
Citation 3

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Cost of capital, financial crisis, equity premium, long-term market returns, stock return forecasts, long-term equity returns, expected excess returns, disagreement, individual uncertainty, skewness, asymmetry, survey methods, risk and reward, TIPs, VIX, credit spreads

21.
Downloads 3,482 ( 7,128)
Citation 16

Value Destruction and Financial Reporting Decisions

Number of pages: 23 Posted: 20 Dec 2005
Duke University, Duke University - Fuqua School of Business and Columbia University - Columbia Business School, Accounting, Business Law & Taxation
Downloads 3,482 (6,996)
Citation 16

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Earnings management, earnings smoothing, consensus earnings, meeting benchmarks, value destruction, agency problems, real earnings management, unexpected earnings, earnings surprise, net present value

Value Destruction and Financial Reporting Decisions

Financial Analysts Journal, Vol. 62, No. 6, pp. 27-39, November/December 2006
Posted: 20 Jan 2007
Duke University, Duke University - Fuqua School of Business and Columbia University - Columbia Business School, Accounting, Business Law & Taxation

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Financial Statement Analysis, Accounting and Financial Reporting Issues; Equity Investments, Fundamental Analysis and Valuation Models; Corporate Governance

22.

The Equity Risk Premium in 2015

Number of pages: 21 Posted: 30 May 2015 Last Revised: 04 Dec 2015
John R. Graham and Campbell R. Harvey
Duke University and Duke University - Fuqua School of Business
Downloads 3,476 (7,146)
Citation 3

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Cost of capital, financial crisis, equity premium, WACC, hurdle rate, long-term market returns, stock return forecasts, long-term equity returns, expected excess returns, disagreement, individual uncertainty, skewness, asymmetry, survey methods, TIPs, VIX, credit spreads

23.
Downloads 3,459 ( 7,212)
Citation 50

The Cost of Debt

Journal of Finance, Forthcoming, WFA 2007 Big Sky, MT Meetings Paper, EFA 2007 Ljubljana Meetings Paper
Number of pages: 65 Posted: 08 Mar 2007 Last Revised: 15 Sep 2013
Jules H. van Binsbergen, John R. Graham and Jie Yang
University of Pennsylvania - The Wharton School, Duke University and Board of Governors of the Federal Reserve System
Downloads 3,301 (7,622)
Citation 49

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capital structure, cost of debt

The Cost of Debt

NBER Working Paper No. w16023
Number of pages: 66 Posted: 04 Jun 2010 Last Revised: 14 Apr 2023
Jules H. van Binsbergen, John R. Graham and Jie Yang
University of Pennsylvania - The Wharton School, Duke University and Board of Governors of the Federal Reserve System
Downloads 158 (391,018)
Citation 1

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24.

Tax Shelters and Corporate Debt Policy

Number of pages: 37 Posted: 17 Dec 2004
John R. Graham and Alan L. Tucker
Duke University and Pace University - Lubin School of Business
Downloads 3,403 (7,398)
Citation 71

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Taxes, tax shelters, debt, capital structure

25.

The Equity Risk Premium in 2018

Number of pages: 21 Posted: 02 Apr 2018
John R. Graham and Campbell R. Harvey
Duke University and Duke University - Fuqua School of Business
Downloads 3,319 (7,701)
Citation 32

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cost of capital, financial crisis, equity premium, WACC, hurdle rate, long-term market returns, stock return forecasts, long-term equity returns, expected excess returns, disagreement, individual uncertainty, skewness, asymmetry, survey methods, TIPs, VIX, credit spreads

26.
Downloads 3,271 ( 7,877)
Citation 22

A Corporate Beauty Contest

Duke I&E Research Paper No. 16-10
Number of pages: 26 Posted: 15 Mar 2010 Last Revised: 29 Mar 2016
John R. Graham, Campbell R. Harvey and Manju Puri
Duke University, Duke University - Fuqua School of Business and Duke University - Fuqua School of Business
Downloads 3,121 (8,336)
Citation 22

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First impressions, thin slicing, CEO selection, competence, likeable, trustworthy, attractive, facial traits, CEO compensation, CEO performance, behavioral economics, behavioral finance

A Corporate Beauty Contest

NBER Working Paper No. w15906
Number of pages: 25 Posted: 19 Apr 2010 Last Revised: 19 Jun 2022
John R. Graham, Campbell R. Harvey and Manju Puri
Duke University, Duke University - Fuqua School of Business and Duke University - Fuqua School of Business
Downloads 150 (408,740)

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27.

A Guide to Earnings Quality

Number of pages: 23 Posted: 31 Oct 2013
Emory University - Department of Accounting, Duke University, Duke University - Fuqua School of Business and Columbia University - Columbia Business School, Accounting, Business Law & Taxation
Downloads 3,109 (8,542)
Citation 3

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Earnings management, earnings misrepresentation, real earnings management, earnings fraud, earnings overstatement, earnings distortion, earnings quality, one-time items, sustainable earnings, persistent earnings, accruals, real earnings management, earnings red flags, corporate governance

28.

Is Corporate Hedging Consistent with Value Maximization? An Empirical Analysis

Number of pages: 47 Posted: 26 Jul 1999
John R. Graham and Daniel A. Rogers
Duke University and CFA Institute
Downloads 2,880 (9,575)
Citation 42

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A Century of Capital Structure: The Leveraging of Corporate America

Number of pages: 62 Posted: 25 Feb 2013 Last Revised: 12 Aug 2014
John R. Graham, Mark T. Leary and Michael R. Roberts
Duke University, Washington University in St. Louis - Olin Business School and The Wharton School - University of Pennsylvania; National Bureau of Economic Research (NBER)
Downloads 2,736 (10,232)
Citation 4

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capital structure, leverage, financial policy, government debt, taxes, bankruptcy costs, financial sector

A Century of Capital Structure: The Leveraging of Corporate America

NBER Working Paper No. w19910
Number of pages: 67 Posted: 10 Mar 2014 Last Revised: 28 May 2023
John R. Graham, Mark T. Leary and Michael R. Roberts
Duke University, Washington University in St. Louis - Olin Business School and The Wharton School - University of Pennsylvania; National Bureau of Economic Research (NBER)
Downloads 75 (672,243)
Citation 31

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30.

The Equity Risk Premium in 2012

Number of pages: 22 Posted: 13 Mar 2012
John R. Graham and Campbell R. Harvey
Duke University and Duke University - Fuqua School of Business
Downloads 2,772 (10,199)
Citation 10

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Cost of capital, financial crisis, equity premium, long-term market returns, long-term equity returns, expected excess returns, disagreement, individual uncertainty, skewness, asymmetry, survey methods, risk and reward, TIPs, VIX, Credit spreads, Implied cost of capital

31.

A View Inside Corporate Risk Management

Duke I&E Research Paper No. 16-6
Number of pages: 34 Posted: 20 May 2014 Last Revised: 16 Nov 2016
Johns Hopkins University - Paul H. Nitze School of Advanced International Studies (SAIS), Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, Duke University and Duke University - Fuqua School of Business
Downloads 2,655 (10,910)
Citation 25

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Risk Management, Hedging, Managerial Risk Aversion, Behavioral Finance, Manager fixed-effects, Interest rate risk, Credit risk, Commodity risk, Foreign exchange risk

32.

The Equity Risk Premium amid a Global Financial Crisis

Number of pages: 19 Posted: 17 May 2009
John R. Graham and Campbell R. Harvey
Duke University and Duke University - Fuqua School of Business
Downloads 2,644 (11,000)
Citation 10

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Cost of capital, financial crisis, equity premium, long-term market returns, long-term equity returns, expected excess returns, disagreement, individual uncertainty, skewness, asymmetry, survey methods, risk and reward, TIPs, VIX, Credit spreads

33.
Downloads 2,547 (11,660)
Citation 40

Employee Costs of Corporate Bankruptcy

Journal of Finance, Forthcoming
Number of pages: 103 Posted: 10 Jun 2013 Last Revised: 27 Jul 2022
John R. Graham, Hyunseob Kim, Si Li and Jiaping Qiu
Duke University, Federal Reserve Bank of Chicago, Wilfrid Laurier University - School of Business & Economics and Shanghai University of Finance and Economics
Downloads 1,707 (21,640)
Citation 5

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Bankruptcy, risk sharing, costs of financial distress, capital structure, labor mobility, worker-firm matched data

Human Capital Loss in Corporate Bankruptcy

US Census Bureau Center for Economic Studies Paper No. CES-WP- 13-37
Number of pages: 38 Posted: 01 Aug 2013
John R. Graham, Hyunseob Kim, Si Li and Jiaping Qiu
Duke University, Federal Reserve Bank of Chicago, Wilfrid Laurier University - School of Business & Economics and Shanghai University of Finance and Economics
Downloads 305 (207,227)
Citation 1

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Bankruptcy, Costs of financial distress, Human capital, Wage loss, Capital structure

Employee Costs of Corporate Bankruptcy

FRB of Chicago Working Paper No. 2022-09
Number of pages: 103 Posted: 01 Apr 2022 Last Revised: 06 Apr 2022
John R. Graham, Hyunseob Kim, Si Li and Jiaping Qiu
Duke University, Federal Reserve Bank of Chicago, Wilfrid Laurier University - School of Business & Economics and Shanghai University of Finance and Economics
Downloads 246 (258,641)
Citation 26

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Bankruptcy, Labor Force and Employment, Size, and Structure, Wage Level and Structure, Wage Differentials

Human Capital Loss in Corporate Bankruptcy

Johnson School Research Paper Series No. #24-2013
Number of pages: 38 Posted: 07 Aug 2013
John R. Graham, Hyunseob Kim, Si Li and Jiaping Qiu
Duke University, Federal Reserve Bank of Chicago, Wilfrid Laurier University - School of Business & Economics and Shanghai University of Finance and Economics
Downloads 241 (263,943)
Citation 5

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Bankruptcy, Costs of financial distress, Human capital, Wage loss, Capital structure

Employee Costs of Corporate Bankruptcy

NBER Working Paper No. w25922
Number of pages: 68 Posted: 11 Jun 2019 Last Revised: 10 Jul 2023
John R. Graham, Hyunseob Kim, Si Li and Jiaping Qiu
Duke University, Federal Reserve Bank of Chicago, Wilfrid Laurier University - School of Business & Economics and Shanghai University of Finance and Economics
Downloads 48 (843,499)
Citation 3

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34.

Tax Rates and Corporate Decision Making

Review of Financial Studies, Vol. 30, No. 9, 2017, pp. 3128–3175.
Number of pages: 85 Posted: 13 Jan 2015 Last Revised: 22 Sep 2017
Duke University, Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of California-IrvineUniversity of California-Irvine and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 2,431 (12,571)
Citation 47

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Tax rates, marginal tax rate, effective tax rate, investment, capital structure, behavioral biases, salience, heuristics

Liquidity Management and Corporate Investment During a Financial Crisis

Number of pages: 48 Posted: 07 Aug 2009 Last Revised: 21 Nov 2010
University of Florida - Warrington College of Business Administration, Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, Duke University and Duke University - Fuqua School of Business
Downloads 2,218 (14,259)
Citation 39

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Financial crisis, liquidity management, investment spending, credit lines, drawdown activity, cash savings

Liquidity Management and Corporate Investment During a Financial Crisis

NBER Working Paper No. w16309
Number of pages: 45 Posted: 30 Aug 2010 Last Revised: 26 Jul 2023
University of Florida - Warrington College of Business Administration, Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, Duke University and Duke University - Fuqua School of Business
Downloads 158 (391,018)
Citation 77

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36.

Payout Policy in the 21th Century: The Data

Johnson School Research Paper Series No. 29-06
Number of pages: 50 Posted: 21 Nov 2005
Duke University - Fuqua School of Business, Duke University - Fuqua School of Business, Duke University and The University of Hong Kong
Downloads 2,362 (13,178)

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

37.

The Equity Risk Premium in 2013

Number of pages: 22 Posted: 25 Jan 2013 Last Revised: 13 Jun 2013
John R. Graham and Campbell R. Harvey
Duke University and Duke University - Fuqua School of Business
Downloads 2,343 (13,355)
Citation 12

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Cost of capital, financial crisis, equity premium, long-term market returns, stock return forecasts, long-term equity returns, expected excess returns, disagreement, individual uncertainty, skewness, asymmetry, survey methods, risk and reward, TIPs, VIX, credit spreads

38.
Downloads 2,272 (14,036)
Citation 33

Managerial Attributes and Executive Compensation

Review of Financial Studies, Forthcoming, AFA 2010 Atlanta Meetings Paper
Number of pages: 61 Posted: 12 Sep 2008 Last Revised: 09 Jun 2011
John R. Graham, Si Li and Jiaping Qiu
Duke University, Wilfrid Laurier University - School of Business & Economics and Shanghai University of Finance and Economics
Downloads 2,173 (14,773)
Citation 33

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Executive compensation, CEO pay, latent managerial ability, human capital, fixed effects, manager fixed effects

Managerial Attributes and Executive Compensation

NBER Working Paper No. w17368
Number of pages: 61 Posted: 30 Aug 2011 Last Revised: 17 Jun 2023
John R. Graham, Si Li and Jiaping Qiu
Duke University, Wilfrid Laurier University - School of Business & Economics and Shanghai University of Finance and Economics
Downloads 99 (566,158)

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Expectations of Equity Risk Premia, Volatility and Asymmetry from a Corporate Finance Perspective

Number of pages: 38 Posted: 08 Dec 2001
John R. Graham and Campbell R. Harvey
Duke University and Duke University - Fuqua School of Business
Downloads 2,111 (15,489)
Citation 7

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Risk premium, cost of capital, asymmetric volatility, skewness, leverage effect, expectations, risk to reward, momentum, September 11 crisis

Expectations of Equity Risk Premia, Volatility and Asymmetry from a Corporate Finance Perspective

NBER Working Paper No. w8678
Number of pages: 40 Posted: 20 Dec 2001 Last Revised: 20 Mar 2022
John R. Graham and Campbell R. Harvey
Duke University and Duke University - Fuqua School of Business
Downloads 160 (386,698)

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40.

The Equity Risk Premium in January 2007: Evidence from the Global Cfo Outlook Survey

Number of pages: 20 Posted: 28 Jan 2007
John R. Graham and Campbell R. Harvey
Duke University and Duke University - Fuqua School of Business
Downloads 2,214 (14,596)
Citation 9

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Cost of capital, equity premium, long-term market returns, long-term equity returns, expected excess returns, disagreement, individual uncertainty, skewness, asymmetry, survey methods, risk and reward, TIPs, VIX

41.
Downloads 2,064 (16,369)
Citation 101

Presidential Address: Corporate Finance and Reality

Number of pages: 102 Posted: 10 Jan 2022 Last Revised: 09 Mar 2022
John R. Graham
Duke University
Downloads 2,028 (16,514)
Citation 85

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Corporate Finance, Investment, Capital Budgeting, Capital Structure, Payout, Planning, Forecast, Overconfidence, Miscalibration, Satisficing, Behavioral, Market Timing

Presidential Address: Corporate Finance and Reality

NBER Working Paper No. w29841
Number of pages: 103 Posted: 14 Mar 2022 Last Revised: 16 Jul 2023
John R. Graham
Duke University
Downloads 36 (950,849)
Citation 16

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42.
Downloads 1,948 (17,970)
Citation 79

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 1,948 (17,640)
Citation 79

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Corporate Diversification, diversification discount, excess value

Does Corporate Diversification Destroy Value?

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

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Corporate diversification; Diversification discount; Excess value

43.

The Equity Risk Premium in 2010

Number of pages: 21 Posted: 06 Aug 2010 Last Revised: 10 Aug 2010
John R. Graham and Campbell R. Harvey
Duke University and Duke University - Fuqua School of Business
Downloads 1,893 (18,813)
Citation 14

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Cost of capital, financial crisis, equity premium, long-term market returns, long-term equity returns, expected excess returns, disagreement, individual uncertainty, skewness, asymmetry, survey methods, risk and reward, TIPs, VIX, Credit spreads

44.

How Big are the Tax Benefits of Debt?

Number of pages: 65 Posted: 01 Jul 1998
John R. Graham
Duke University
Downloads 1,879 (19,047)
Citation 185

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45.

The Long-Run Equity Risk Premium

Number of pages: 13 Posted: 09 Sep 2005
John R. Graham and Campbell R. Harvey
Duke University and Duke University - Fuqua School of Business
Downloads 1,859 (19,348)
Citation 14

Abstract:

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Cost of capital, equity premium, long-term market returns, long-term equity returns, expected excess returns, disagreement, individual uncertainty, skewness, asymmetry, survey methods, risk and reward

46.

The Equity Risk Premium in 2016

Number of pages: 20 Posted: 04 Aug 2016
John R. Graham and Campbell R. Harvey
Duke University and Duke University - Fuqua School of Business
Downloads 1,823 (19,937)
Citation 2

Abstract:

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Cost of capital, financial crisis, equity premium, WACC, hurdle rate, long-term market returns, stock return forecasts, long-term equity returns, expected excess returns, disagreement, individual uncertainty, skewness, asymmetry, survey methods, TIPs, VIX, credit spreads

Capital Allocation and Delegation of Decision-Making Authority within Firms

Number of pages: 52 Posted: 17 Mar 2010 Last Revised: 03 Oct 2014
John R. Graham, Campbell R. Harvey and Manju Puri
Duke University, Duke University - Fuqua School of Business and Duke University - Fuqua School of Business
Downloads 1,676 (22,302)
Citation 43

Abstract:

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Delegation, CEOs, executives, capital structure, mergers and acquisitions, payout, corporate investment, capital allocation

Capital Allocation and Delegation of Decision-Making Authority within Firms

NBER Working Paper No. w17370
Number of pages: 53 Posted: 30 Aug 2011 Last Revised: 19 Jun 2022
John R. Graham, Campbell R. Harvey and Manju Puri
Duke University, Duke University - Fuqua School of Business and Duke University - Fuqua School of Business
Downloads 121 (486,534)

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48.
Downloads 1,708 (22,022)
Citation 40

Investor Competence, Trading Frequency, and Home Bias

AFA 2006 Boston Meetings Paper
Number of pages: 33 Posted: 18 Nov 2004
John R. Graham, Campbell R. Harvey and Hai Huang
Duke University, Duke University - Fuqua School of Business and Duke University - Finance
Downloads 1,461 (27,396)
Citation 11

Abstract:

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Behavioral Finance, Investment, Competence, Ambiguity, Stock Trading Frequency, Home Bias

Investor Competence, Trading Frequency, and Home Bias

NBER Working Paper No. w11426
Number of pages: 41 Posted: 07 Jul 2005 Last Revised: 22 Sep 2022
John R. Graham, Campbell R. Harvey and Hai Huang
Duke University, Duke University - Fuqua School of Business and Duke University - Finance
Downloads 247 (257,616)
Citation 29

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Using Tax Return Data to Simulate Corporate Marginal Tax Rates

Number of pages: 48 Posted: 21 Feb 2007
John R. Graham, Lillian F. Mills and Lillian F. Mills
Duke University and The University of Texas at AustinUniversity of Texas at Austin - McCombs School of Business
Downloads 1,565 (24,719)
Citation 31

Abstract:

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marginal tax rate, simulated tax rates, tax return data, financial statements, book tax difference, capital structure

Using Tax Return Data to Simulate Corporate Marginal Tax Rates

NBER Working Paper No. w13709
Number of pages: 49 Posted: 31 Dec 2007 Last Revised: 18 Dec 2022
John R. Graham, Lillian F. Mills and Lillian F. Mills
Duke University and The University of Texas at AustinUniversity of Texas at Austin - McCombs School of Business
Downloads 64 (733,075)

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50.

The Theory and Practice of Corporate Risk Management: Evidence from the Field

Number of pages: 56 Posted: 22 Mar 2018 Last Revised: 03 Aug 2018
Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, Duke University, Duke University - Fuqua School of Business and Johns Hopkins University - Paul H. Nitze School of Advanced International Studies (SAIS)
Downloads 1,578 (24,877)
Citation 10

Abstract:

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Corporate risk management, Expected cash flows, Risk aversion, Agency theory, Credit rationing, Information uncertainty, Financial distress, Dodd-Frank, Regulations, Operational/financial hedging methods

51.

Corporate Survival and Managerial Experiences During the Great Depression

AFA 2005 Philadelphia Meetings
Number of pages: 55 Posted: 26 Jan 2004
John R. Graham and Krishnamoorthy Narasimhan
Duke University and PIMCO
Downloads 1,527 (26,125)
Citation 55

Abstract:

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52.

Do Dividend Clienteles Exist? Evidence on Dividend Preferences of Retail Investors

Number of pages: 37 Posted: 02 Jan 2004
John R. Graham and Alok Kumar
Duke University and University of Miami - Miami Herbert Business School
Downloads 1,457 (28,004)
Citation 98

Abstract:

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Retail investors, Dividend clienteles, Dividend events, Dividend taxation, Attention hypothesis

53.
Downloads 1,452 (28,215)
Citation 5

The Evolution of Corporate Cash

Number of pages: 74 Posted: 07 Jul 2016 Last Revised: 22 Jun 2018
John R. Graham and Mark T. Leary
Duke University and Washington University in St. Louis - Olin Business School
Downloads 1,388 (29,644)
Citation 5

Abstract:

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Cash, Liquidity, IPO, Economic Growth

The Evolution of Corporate Cash

NBER Working Paper No. w23767
Number of pages: 72 Posted: 11 Sep 2017 Last Revised: 11 Jun 2023
John R. Graham and Mark T. Leary
Duke University and Washington University in St. Louis - Olin Business School
Downloads 64 (733,075)

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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 1,437 (28,135)
Citation 75

Abstract:

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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:

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55.
Downloads 1,354 (31,217)
Citation 57

Corporate Misreporting and Bank Loan Contracting

Journal of Financial Economics, Forthcoming
Number of pages: 57 Posted: 21 Dec 2006
John R. Graham, Si Li and Jiaping Qiu
Duke University, Wilfrid Laurier University - School of Business & Economics and Shanghai University of Finance and Economics
Downloads 1,226 (35,460)
Citation 12

Abstract:

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Corporate misreporting, financial restatement, corporate fraud, bank loans, financial contracting, cost of debt

Corporate Misreporting and Bank Loan Contracting

NBER Working Paper No. w13708
Number of pages: 57 Posted: 31 Dec 2007 Last Revised: 17 Dec 2022
John R. Graham, Si Li and Jiaping Qiu
Duke University, Wilfrid Laurier University - School of Business & Economics and Shanghai University of Finance and Economics
Downloads 128 (465,098)
Citation 45

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56.
Downloads 1,256 (34,820)
Citation 17

CEO-Board Dynamics

Number of pages: 70 Posted: 22 Mar 2017 Last Revised: 14 Jun 2019
John R. Graham, Hyunseob Kim and Mark T. Leary
Duke University, Federal Reserve Bank of Chicago and Washington University in St. Louis - Olin Business School
Downloads 1,208 (36,204)
Citation 15

Abstract:

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Governance, Chief Executive, Board of Directors, Dynamic Contracting, Bargaining, Compensation, Monitoring

Ceo-Board Dynamics

NBER Working Paper No. w26004
Number of pages: 64 Posted: 01 Jul 2019 Last Revised: 22 Jul 2023
John R. Graham, Hyunseob Kim and Mark T. Leary
Duke University, Federal Reserve Bank of Chicago and Washington University in St. Louis - Olin Business School
Downloads 48 (843,499)
Citation 2

Abstract:

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57.

The Equity Risk Premium in 2008: Evidence from the Global CFO Outlook Survey

Number of pages: 20 Posted: 19 Jul 2008 Last Revised: 25 Jul 2008
John R. Graham and Campbell R. Harvey
Duke University and Duke University - Fuqua School of Business
Downloads 1,250 (35,053)
Citation 8

Abstract:

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cost of capital, equity premium, long-term market returns, long-term equity returns, expected excess returns, disagreement, individual uncertainty, skewness, asymmetry, survey methods, risk and reward, TIPs, VIX

58.
Downloads 1,247 (35,167)
Citation 14

Employee Stock Options, Corporate Taxes and Debt Policy

Number of pages: 58 Posted: 19 Aug 2002
John R. Graham, Mark H. Lang and Douglas A. Shackelford
Duke University, University of North Carolina at Chapel Hill and University of North Carolina Kenan-Flagler Business School
Downloads 1,157 (38,575)
Citation 3

Abstract:

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capital structure, corporate taxes, debt policy, employee stock options, option deductions

Employee Stock Options, Corporate Taxes and Debt Policy

NBER Working Paper No. w9289
Number of pages: 47 Posted: 19 Oct 2002 Last Revised: 20 Nov 2022
John R. Graham, Mark H. Lang and Douglas A. Shackelford
Duke University, University of North Carolina at Chapel Hill and University of North Carolina Kenan-Flagler Business School
Downloads 90 (602,574)
Citation 11

Abstract:

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Employee Stock Options, Corporate Taxes, and Debt Policy

Posted: 15 Apr 2005
John R. Graham, Mark H. Lang and Douglas A. Shackelford
Duke University, University of North Carolina at Chapel Hill and University of North Carolina Kenan-Flagler Business School

Abstract:

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Capital structure, corporate taxes, debt policy, employee stock options, option deductions

The Idiosyncratic Volatility Puzzle: Time Trend or Speculative Episodes?

McCombs Research Paper Series No. FIN-02-09
Number of pages: 57 Posted: 09 Jun 2008 Last Revised: 18 Jan 2009
Michael W. Brandt, Alon Brav, John R. Graham and Alok Kumar
Duke University - Fuqua School of Business, Duke University - Fuqua School of Business, Duke University and University of Miami - Miami Herbert Business School
Downloads 1,199 (36,646)
Citation 209

Abstract:

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Idiosyncratic volatility, stock market bubbles, retail investors, speculation, stock splits

The Idiosyncratic Volatility Puzzle: Time Trend or Speculative Episodes?

The Review of Financial Studies, Vol. 23, Issue 2, pp. 863-899, 2009
Posted: 01 Feb 2010
Michael W. Brandt, Alon Brav, John R. Graham and Alok Kumar
Duke University - Fuqua School of Business, Duke University - Fuqua School of Business, Duke University and University of Miami - Miami Herbert Business School

Abstract:

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G11, G12, G14

60.
Downloads 1,198 (37,292)
Citation 154

Do Firms Hedge in Response to Tax Incentives?

Number of pages: 39 Posted: 14 Aug 2001
John R. Graham and Daniel A. Rogers
Duke University and CFA Institute
Downloads 1,198 (36,688)
Citation 154

Abstract:

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Corporate hedging; Derivatives; Capital structure; Taxes

Do Firms Hedge in Response to Tax Incentives?

Posted: 14 Aug 2001
John R. Graham and Daniel A. Rogers
Duke University and CFA Institute

Abstract:

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Corporate hedging; Derivatives; Capital structure; Taxes

61.

A Guide to Corporate Risk Management

Number of pages: 35 Posted: 13 Aug 2014
Johns Hopkins University - Paul H. Nitze School of Advanced International Studies (SAIS), Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, Duke University and Duke University - Fuqua School of Business
Downloads 1,137 (40,257)
Citation 1

Abstract:

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Risk Management, Hedging, Managerial Risk Aversion, Behavioral Finance, Manager fixed-effects, Interest rate risk, Credit risk, Commodity risk, Foreign exchange risk.

How Does Government Borrowing Affect Corporate Financing and Investment?

Number of pages: 53 Posted: 18 Apr 2014 Last Revised: 06 Oct 2014
John R. Graham, Mark T. Leary and Michael R. Roberts
Duke University, Washington University in St. Louis - Olin Business School and The Wharton School - University of Pennsylvania; National Bureau of Economic Research (NBER)
Downloads 977 (49,263)

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Capital Structure, Cash Policy, Investment, Government Debt, Fiscal Policy, Safe Assets

How Does Government Borrowing Affect Corporate Financing and Investment?

NBER Working Paper No. w20581
Number of pages: 53 Posted: 15 Oct 2014 Last Revised: 27 Mar 2023
John R. Graham, Mark T. Leary and Michael R. Roberts
Duke University, Washington University in St. Louis - Olin Business School and The Wharton School - University of Pennsylvania; National Bureau of Economic Research (NBER)
Downloads 154 (399,837)
Citation 2

Abstract:

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Information Flow and Liquidity Around Anticipated and Unanticipated Dividend Announcements

Number of pages: 51 Posted: 29 Jun 2003
John R. Graham, Jennifer L. Koski and Uri Loewenstein
Duke University, University of Washington - Michael G. Foster School of Business and University of Utah - Department of Finance
Downloads 1,036 (45,290)
Citation 13

Abstract:

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dividends, news releases, announcements, stock price reactions, stock returns, information flow, scheduled, unscheduled, anticipated, unanticipated

Information Flow and Liquidity around Anticipated and Unanticipated Dividend Announcements

Posted: 11 Aug 2004
John R. Graham, Jennifer L. Koski and Uri Loewenstein
Duke University, University of Washington - Michael G. Foster School of Business and University of Utah - Department of Finance

Abstract:

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Dividends, news releases, announcements, stock price reactions, stock returns, information flow, scheduled, unscheduled, anticipated, unanticipated

64.
Downloads 929 (46,904)

The Management of Political Risk

Duke I&E Research Paper No. 2016-32
Number of pages: 21 Posted: 29 Jun 2016 Last Revised: 12 Jul 2016
Erasmo Giambona, John R. Graham and Campbell R. Harvey
Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, Duke University and Duke University - Fuqua School of Business
Downloads 929 (52,692)

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Political risk, Risk management, Hedging, Real options, Cost of capital, Derivatives, Investment, Foreign direct investment, Risk aversion, Behavioral theory, Agency theory, Economic growth, FDI, ISDA, GARP

65.

Barriers to Mobility: The Lockout Effect of U.S. Taxation of Worldwide Corporate Profits

Number of pages: 51 Posted: 17 Dec 2008 Last Revised: 01 Sep 2010
Duke University, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of California-IrvineUniversity of California-Irvine
Downloads 1,000 (48,371)
Citation 28

Abstract:

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Repatriation, Tax, American Jobs Creation Act, Homeland Investment Act, Dividends Received Deduction, Trapped Equity, International Tax, Trapped Cash, Section 965, Stimulus, Tax Amnesty

66.

The Long-Term Cost of the Financial Crisis

Number of pages: 6 Posted: 12 Mar 2009
Murillo Campello, John R. Graham and Campbell R. Harvey
University of Florida - Warrington College of Business Administration, Duke University and Duke University - Fuqua School of Business
Downloads 937 (52,899)
Citation 3

Abstract:

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Financial crisis, financing constraints, investment spending, liquidity management, matching estimators

Herding Among Investment Newsletters: Theory and Evidence

Duke University Working Paper 9714
Number of pages: 51 Posted: 16 Jun 1998
John R. Graham
Duke University
Downloads 929 (52,692)
Citation 60

Abstract:

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Herding Among Investment Newsletters: Theory and Evidence

Posted: 15 Jun 1998
John R. Graham
Duke University

Abstract:

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Do Personal Taxes Affect Corporate Financing Decisions?

Number of pages: 55 Posted: 01 Jul 1998
John R. Graham
Duke University
Downloads 928 (52,782)
Citation 37

Abstract:

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Do Personal Taxes Affect Corporate Financing Decisions?

Journal of Public Economics
Posted: 09 Dec 1998
John R. Graham
Duke University

Abstract:

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69.
Downloads 914 (54,776)
Citation 1

The Persistence of Miscalibration

10th Miami Behavioral Finance Conference
Number of pages: 50 Posted: 28 Jul 2020 Last Revised: 10 Jan 2025
University of Toronto - Department of Economics, Ohio State University (OSU) - Department of Finance, Duke University, Duke University - Fuqua School of Business and Duke University - Marketing
Downloads 836 (61,049)
Citation 1

Abstract:

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Learning, Information, Behavioral economics, Volatility forecasts, Market forecasts, Behavioral finance, Bayesian updating, Expectations

The Persistence of Miscalibration

NBER Working Paper No. w28010
Number of pages: 58 Posted: 02 Nov 2020 Last Revised: 15 Jul 2023
University of Toronto - Department of Economics, Ohio State University (OSU) - Department of Finance, Duke University, Duke University - Fuqua School of Business and Duke University - Marketing
Downloads 78 (657,430)

Abstract:

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70.

VALUATION FUNDAMENTALS *

HKU Jockey Club Enterprise Sustainability Global Research Institute - Archive
Number of pages: 93 Posted: 14 Oct 2024 Last Revised: 30 Dec 2024
Paul H. Décaire and John R. Graham
Arizona State University (ASU) - Finance Department and Duke University
Downloads 879 (58,392)
Citation 1

Abstract:

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JEL classification: D24, D25, D46, D84, G17, G31, G41 valuation, horizon, expectations, discount rates, behavioral finance, beliefs updating, analyst, stock market returns

71.

The Equity Risk Premium in January 2006: Evidence from the Global Cfo Outlook Survey

Number of pages: 51 Posted: 19 Dec 2005
John R. Graham and Campbell R. Harvey
Duke University and Duke University - Fuqua School of Business
Downloads 841 (61,443)
Citation 4

Abstract:

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Cost of capital, equity premium, long-term market returns, long-term equity returns, expected excess returns, disagreement, individual uncertainty, skewness, asymmetry, survey methods, risk and reward, TIPs, VIX

72.

Managerial Response to the May 2003 Dividend Tax Cut

Number of pages: 34 Posted: 23 Jan 2007
Duke University - Fuqua School of Business, Duke University - Fuqua School of Business, Duke University and The University of Hong Kong
Downloads 808 (64,765)
Citation 16

Abstract:

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

73.

Supplemental Materials: Corporate Finance and Reality

Number of pages: 18 Posted: 10 Jan 2022 Last Revised: 09 Mar 2022
John R. Graham
Duke University
Downloads 779 (68,035)

Abstract:

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corporate finance, capital structure, valuation, capital budgeting, investment, payout, stakeholder, goal of firm, planning

Do Stock Prices Influence Corporate Decisions? Evidence from the Technology Bubble

Number of pages: 42 Posted: 13 Mar 2006
Murillo Campello and John R. Graham
University of Florida - Warrington College of Business Administration and Duke University
Downloads 635 (87,316)

Abstract:

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Stock markets, real investment, bubbles, financial constraints, endogeneity

Do Stock Prices Influence Corporate Decisions? Evidence from the Technology Bubble

NBER Working Paper No. w13640
Number of pages: 48 Posted: 30 Nov 2007 Last Revised: 10 Apr 2022
Murillo Campello and John R. Graham
University of Florida - Warrington College of Business Administration and Duke University
Downloads 92 (594,138)
Citation 12

Abstract:

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

Number of pages: 45 Posted: 21 Jul 2002
John R. Graham, Roni Michaely and Michael R. Roberts
Duke University, The University of Hong Kong and The Wharton School - University of Pennsylvania; National Bureau of Economic Research (NBER)
Downloads 719 (74,431)
Citation 54

Abstract:

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Ex-dividend, transaction costs, taxes, decimalization

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

Posted: 16 Feb 2003
John R. Graham, Roni Michaely and Michael R. Roberts
Duke University, The University of Hong Kong and The Wharton School - University of Pennsylvania; National Bureau of Economic Research (NBER)

Abstract:

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Ex-dividend, transaction costs, taxes, decimalization

76.

Real Effects of Accounting Rules: Evidence from Multinational Firms’ Investment Location and Profit Repatriation Decisions

Number of pages: 59 Posted: 17 Apr 2009 Last Revised: 01 Sep 2010
Duke University, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of California-IrvineUniversity of California-Irvine
Downloads 680 (81,024)
Citation 25

Abstract:

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Investment, Reinvestment, Repatriation, Tax Expense, Multinational, Tax Policy, Tax Stimulus, Tax Reform

77.

Managerial Overconfidence and Corporate Policies

NBER Working Paper No. w13711
Number of pages: 57 Posted: 31 Dec 2007 Last Revised: 19 Dec 2022
Itzhak Ben-David, Campbell R. Harvey and John R. Graham
Ohio State University (OSU) - Department of Finance, Duke University - Fuqua School of Business and Duke University
Downloads 645 (86,711)
Citation 8

Abstract:

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78.
Downloads 642 (87,259)
Citation 2

Corporate Flexibility in a Time of Crisis

Number of pages: 79 Posted: 04 Feb 2021 Last Revised: 15 Mar 2022
Rice University, University of Florida - Warrington College of Business Administration, Duke University and University of Chicago - Booth School of Business
Downloads 593 (95,282)
Citation 2

Abstract:

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corporate planning; corporate flexibility; corporate decision-making; COVID-19; automation; work from home; remote work; pandemic; crisis; investment; employment

Corporate Flexibility in a Time of Crisis

NBER Working Paper No. w29746
Number of pages: 80 Posted: 25 Feb 2022 Last Revised: 12 Apr 2023
Rice University, University of Florida - Warrington College of Business Administration, Duke University and University of Chicago - Booth School of Business
Downloads 49 (835,579)

Abstract:

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79.

The Equity Risk Premium in June 2005: Evidence from the Global Cfo Outlook Survey

Number of pages: 44 Posted: 15 Jun 2005
John R. Graham and Campbell R. Harvey
Duke University and Duke University - Fuqua School of Business
Downloads 639 (87,796)
Citation 3

Abstract:

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Cost of capital, equity premium, hurdle rate, long-term market returns, long-term equity returns, expected excess returns, disagreement, individual uncertainty, skewness, asymmetry, survey methods, risk and reward

Corporate Governance, Debt, and Investment Policy during the Great Depression

Management Science, 57(12), pp. 2083–2100 (2011)
Number of pages: 33 Posted: 20 Mar 2008 Last Revised: 13 Sep 2019
Duke University, Zicklin School of Business, Department of Economics and Finance, Baruch College - The City University of New York and PIMCO
Downloads 540 (107,237)
Citation 2

Abstract:

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Corporate Governance, Capital Structure, Investment Policy, Great Depression, Firm Stock Market Value

Corporate Governance, Debt, and Investment Policy During the Great Depression

NBER Working Paper No. w17387
Number of pages: 34 Posted: 21 Sep 2011 Last Revised: 06 Jul 2023
Duke University, Zicklin School of Business, Department of Economics and Finance, Baruch College - The City University of New York and PIMCO
Downloads 76 (667,134)

Abstract:

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The Information Content of Corporate Earnings: Evidence from the Securities Exchange Act of 1934

Forthcoming in Journal of Accounting Research
Number of pages: 54 Posted: 25 Jun 2020 Last Revised: 11 Mar 2022
Oliver Binz and John R. Graham
ESMT European School of Management and Technology and Duke University
Downloads 573 (99,533)
Citation 1

Abstract:

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Mandatory disclosure, Earnings announcements, Information content

The Information Content of Corporate Earnings: Evidence from the Securities Exchange Act of 1934

NBER Working Paper No. w29747
Number of pages: 54 Posted: 14 Feb 2022 Last Revised: 16 Apr 2023
Oliver Binz and John R. Graham
ESMT European School of Management and Technology and Duke University
Downloads 36 (950,849)
Citation 5

Abstract:

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The Information Content of Corporate Earnings: Evidence from the Securities Exchange Act of 1934

Journal of Accounting Research, Volume 60, Issue 4 (2022)
Posted: 03 Nov 2022
Oliver Binz and John R. Graham
ESMT European School of Management and Technology and Duke University

Abstract:

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mandatory disclosure; earnings announcements; information content; valuation; enforcement

82.

Using CFO Surveys as a Motivational Tool to Teach Corporate Finance

Number of pages: 22 Posted: 07 Dec 2010
John R. Graham
Duke University
Downloads 576 (100,200)

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corporate finance, surveys, capital structure, capital budgeting, payout, dividends, share repurchases

83.

Access to Liquidity and Corporate Investment in Europe During the Financial Crisis

Number of pages: 38 Posted: 25 Nov 2010 Last Revised: 23 Aug 2011
University of Florida - Warrington College of Business Administration, Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, Duke University and Duke University - Fuqua School of Business
Downloads 569 (102,007)
Citation 25

Abstract:

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Financial Crisis, Investment Spending, Lines of Credit

84.

Market Timing Ability and Volatility Implied in Investment Newsletters' Asset Allocation Recommendations

Number of pages: 47 Posted: 03 Sep 1999
John R. Graham and Campbell R. Harvey
Duke University and Duke University - Fuqua School of Business
Downloads 568 (102,007)
Citation 23

Abstract:

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Newsletter performance, market timing

85.

Employee Stock Options and Taxes

Number of pages: 21 Posted: 15 Apr 2005
University of North Carolina - Accounting Area, Duke University, University of North Carolina at Chapel Hill and University of North Carolina Kenan-Flagler Business School
Downloads 542 (108,098)

Abstract:

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Employee stock options, corporate tax rate, capital structure, debt ratio, cash flows

The Effects of the Length of the Tax-Loss Carryback Period on Tax Receipts and Corporate Marginal Tax Rates

Number of pages: 29 Posted: 02 Apr 2009 Last Revised: 13 Dec 2009
John R. Graham and Hyunseob Kim
Duke University and Federal Reserve Bank of Chicago
Downloads 413 (148,182)
Citation 4

Abstract:

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Loss Carryback, Tax Cut, Tax Stimulus, Corporate Tax Payment, Obama Tax Proposal, Tax Relief, Corporate Liquidity, Marginal Tax Rate, Federal Tax Revenue

The Effects of the Length of the Tax-Loss Carryback Period on Tax Receipts and Corporate Marginal Tax Rates

NBER Working Paper No. w15177
Number of pages: 31 Posted: 28 Jul 2009 Last Revised: 22 Jun 2023
John R. Graham and Hyunseob Kim
Duke University and Federal Reserve Bank of Chicago
Downloads 66 (721,287)

Abstract:

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87.

What Do Financial Executives Say about Corporate Culture and Strategy?

Management and Business Review
Number of pages: 15 Posted: 05 Aug 2022 Last Revised: 30 May 2024
Duke University, Emory University, Duke University - Fuqua School of Business and Columbia University - Columbia Business School, Accounting, Business Law & Taxation
Downloads 453 (134,363)
Citation 2

Abstract:

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corporate culture, organizational culture, strategy, leadership, intangible value, sustainable value

88.

The Equity Risk Premium in September 2005: Evidence from the Global Cfo Outlook Survey

Number of pages: 47 Posted: 28 Sep 2005
John R. Graham and Campbell R. Harvey
Duke University and Duke University - Fuqua School of Business
Downloads 436 (140,967)
Citation 1

Abstract:

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Cost of capital, equity premium, long-term market returns, long-term equity returns, expected excess returns, disagreement, individual uncertainty, skewness, asymmetry, survey methods, risk and reward, TIPs, VIX

89.

Does Inflation Affect Earnings Relevance? A Century-Long Analysis

HKU Jockey Club Enterprise Sustainability Global Research Institute - Archive
Number of pages: 58 Posted: 04 Jun 2023 Last Revised: 14 Jan 2025
Oliver Binz, John R. Graham and Matthew Kubic
ESMT European School of Management and Technology, Duke University and University of Texas at Austin
Downloads 434 (142,954)
Citation 1

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JEL Classification: E31, G10, M40, M41 Inflation, Value Relevance, Earnings

90.

Executive Mobility in the United States, 1920 to 2011

Nanyang Business School Research Paper No. 21-04
Number of pages: 71 Posted: 28 Jan 2021 Last Revised: 05 Apr 2021
John R. Graham, Dawoon Kim and Hyunseob Kim
Duke University, Nanyang Business School, Nanyang Technological University and Federal Reserve Bank of Chicago
Downloads 432 (142,186)
Citation 1

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Executive mobility, Reallocation, Executive labor markets, Corporate governance trends, CEO compensation

91.

Executive Compensation, Interlocked Compensation Committees, and the 162(M) Cap on Tax Deductibility

Number of pages: 83 Posted: 28 Jan 2007
John R. Graham and Yonghan Wu
Duke University and Barclays Global Investors
Downloads 398 (156,141)
Citation 1

Abstract:

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Corporate Governance, Executive Compensation, Insiders, Interlock, Corporate Taxes

92.

Corporate Culture In A New Era: Views From The C-suite

Number of pages: 46 Posted: 02 Feb 2024
Duke University, Emory University, Duke University - Fuqua School of Business and Columbia University - Columbia Business School, Accounting, Business Law & Taxation
Downloads 380 (164,474)

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Corporate culture, Valuation, Finance, Cultural values, Social norms, Leadership, Corporate governance, Incentive compensation, Finance function, Intangible Assets, Risk-taking, Short-termism, Myopia, Innovation, Firm value, Productivity, M\&A valuation, Integrity, Trust, Ethics, Compliance, Earning

Sacred Hurdle Rates and Bargaining Power

HKU Jockey Club Enterprise Sustainability Global Research Institute - Archive
Number of pages: 90 Posted: 19 Apr 2023 Last Revised: 30 Dec 2024
Rice University, Rice University, Rice University - Jesse H. Jones Graduate School of Business and Duke University
Downloads 290 (218,544)

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hurdle rates, cost of capital, buffers, capital budgeting, bargaining, project development, project selection, corporate investment, M&A

Project Development with Delegated Bargaining: The Role of Elevated Hurdle Rates

NBER Working Paper No. w32283
Number of pages: 93 Posted: 01 Apr 2024
Rice University, Rice University, Rice University - Jesse H. Jones Graduate School of Business and Duke University
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94.

Managerial Miscalibration: Presentation Slides

Number of pages: 15 Posted: 11 Nov 2019
Itzhak Ben-David, John R. Graham and Campbell R. Harvey
Ohio State University (OSU) - Department of Finance, Duke University and Duke University - Fuqua School of Business
Downloads 271 (236,022)
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Overprecision, Overconfidence, Behavioral Bias, Behavioral Economics, Investment, Leverage, Expected Returns, Survey Methodology, Capital Structure, Executive Compensation, Risk, Volatility Forecasts, Market Forecasts, Debt Policy, Behavioral Finance, Risk Premium

95.

Market Timing Ability and Volatility Implied in Investment Newletters' Asset Allocation Recommendations

NBER Working Paper No. w4890
Number of pages: 51 Posted: 09 Jun 2004 Last Revised: 13 Nov 2022
John R. Graham and Campbell R. Harvey
Duke University and Duke University - Fuqua School of Business
Downloads 162 (382,819)
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96.

Financial Crowding Out

Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 49 Posted: 24 Jun 2013
John R. Graham, Mark T. Leary and Michael R. Roberts
Duke University, Washington University in St. Louis - Olin Business School and The Wharton School - University of Pennsylvania; National Bureau of Economic Research (NBER)
Downloads 155 (397,598)

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97.

An Empirical Model of Optimal Capital Structure

Journal of Applied Corporate Finance, Vol. 23, Issue 4, pp. 34-59, 2011
Number of pages: 28 Posted: 01 Mar 2023
Jules H. van Binsbergen, John R. Graham and Jie Yang
University of Pennsylvania - The Wharton School, Duke University and Board of Governors of the Federal Reserve System
Downloads 125 (472,077)
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98.

Financial Distress in the Great Depression

NBER Working Paper No. w17388
Number of pages: 42 Posted: 21 Sep 2011 Last Revised: 07 Jul 2023
Duke University, Zicklin School of Business, Department of Economics and Finance, Baruch College - The City University of New York and PIMCO
Downloads 105 (538,066)
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99.

Uncertainty, Corporate Investment, and Hiring: The Case of COVID-19

Number of pages: 13 Posted: 16 Feb 2024
Duke University, Nihon University, Tokyo Institute of Technology and Kobe University - Graduate School of Business Administration
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Uncertainty, Corporate planning, Corporate decision-making, COVID-19, Crisis, Investment, Employment, Surveys

100.

A Review of Taxes and Corporate Finance

Foundations and Trends in Finance, Vol. 1, No. 7, 2006
Number of pages: 119 Posted: 15 Jun 2010
John R. Graham
Duke University
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101.

Does Inflation Affect Earnings Relevance? a Century-Long Analysis

NBER Working Paper No. w32364
Number of pages: 56 Posted: 23 Apr 2024
Oliver Binz, John R. Graham and Matthew Kubic
ESMT European School of Management and Technology, Duke University and University of Texas at Austin
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102.

Accounting for Income Taxes: Primer, Extant Research, and Future Directions

Foundations and Trends in Finance, Vol. 7, Nos. 1-2, 2012
Number of pages: 175 Posted: 23 May 2013
Duke University, University of North Carolina at Chapel Hill and University of North Carolina Kenan-Flagler Business School
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financial reporting, tax accounts, book-tax differences, earnings management

103.

Debt and the Marginal Tax Rate

Posted: 28 Dec 1998
John R. Graham
Duke University

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104.

Proxies for the Marginal Tax Rate

Posted: 15 Jul 1998
John R. Graham
Duke University

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105.

Is a Group of Economists Better than One? Than None?

J. OF BUSINESS, Vol. 69 No. 2, April 1996
Posted: 03 Jul 1998
John R. Graham
Duke University

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106.

Proxies for the Corporate Marginal Tax Rate

Posted: 19 Jun 1998
John R. Graham
Duke University

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107.

Tax Incentives to Hedge

Posted: 02 Sep 1997
John R. Graham and Clifford W. Smith
Duke University and Simon Graduate School of Business, University of Rochester

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Other Papers (1)

Total Downloads: 523
1.

Financial Distress in the Great Depression

Financial Management, Forthcoming, AFA 2012 Chicago Meetings Paper
Number of pages: 40 Posted: 16 Mar 2011 Last Revised: 24 Sep 2013
Duke University, Zicklin School of Business, Department of Economics and Finance, Baruch College - The City University of New York and PIMCO
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