Clifford W. Smith

Simon Graduate School of Business, University of Rochester

Louise and Henry Epstein Professor of Business Administration

Carol Simon Hall 3-202C

Rochester, NY 14627

United States

SCHOLARLY PAPERS

31

DOWNLOADS
Rank 421

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Top 421

in Total Papers Downloads

36,167

CITATIONS
Rank 1,981

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Top 1,981

in Total Papers Citations

284

Scholarly Papers (31)

1.

Stockholder, Manager, and Creditor Interests: Applications of Agency Theory

Theory of the Firm (Book), Vol. 1, No. 1, 2000
Number of pages: 46 Posted: 11 Oct 2000 Last Revised: 26 Feb 2013
Michael C. Jensen and Clifford W. Smith Jr.
SSRN and Simon Graduate School of Business, University of Rochester
Downloads 11,013 (220)
Citation 30

Abstract:

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agency theory, conflicts of interest, residual claims, bond contracts, lease contracts, insurance contracts, claimholders, stockholders

2.

The Theory of Corporate Finance: A Historical Overview

Michael C. Jensen, Clifford W. Smith, Jr., THE MODERN THEORY OF CORPORATE FINANCE, New York: McGraw-Hill Inc., pp. 2-20, 1984
Number of pages: 30 Posted: 29 Sep 2000
Michael C. Jensen and Clifford W. Smith Jr.
SSRN and Simon Graduate School of Business, University of Rochester
Downloads 9,026 (288)
Citation 12

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3.

Business Ethics and Organizational Architecture

Simon Business School Working Paper No. FR 00-14
Number of pages: 25 Posted: 12 Dec 2000
James A. Brickley, Clifford W. Smith Jr. and Jerold L. Zimmerman
University of Rochester - Simon Business School, Simon Graduate School of Business, University of Rochester and University of Rochester - Simon Business School
Downloads 2,028 (5,224)
Citation 17

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4.

Editorial: Clinical Papers and Their Role in the Development of Financial Economics

Number of pages: 4 Posted: 28 Nov 2003
University of Chicago - Finance, SSRN, Simon Graduate School of Business, University of Rochester, Harvard Business School, University of Rochester - Simon Business School, Simon Graduate School of Business, University of Rochester and University of Rochester – Simon Business School
Downloads 1,532 (7,551)
Citation 4

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Clinical Papers, case studies, perfect and imperfect markets

5.

Corporate Governance, Ethics, and Organizational Architecture

Journal of Applied Corporate Finance, Vol. 15, No. 3, Spring 2003
Number of pages: 12 Posted: 18 Dec 2003
James A. Brickley and Clifford W. Smith Jr.
University of Rochester - Simon Business School and Simon Graduate School of Business, University of Rochester
Downloads 1,470 (7,145)
Citation 22

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6.

On the Debt Capacity of Growth Options

Simon School of Business Working Paper No. FR 01-07
Number of pages: 31 Posted: 06 Sep 2001
Michael J. Barclay, Erwan Morellec and Clifford W. Smith Jr.
University of Rochester - Simon School (Deceased), Ecole Polytechnique Fédérale de Lausanne and Simon Graduate School of Business, University of Rochester
Downloads 1,459 (8,457)
Citation 68

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Growth Options, Book Leverage

7.

Agency Conflicts and Risk Management

Simon School, University of Rochester, Research Paper Series, Forthcoming
Number of pages: 30 Posted: 30 Aug 2001
Erwan Morellec and Clifford W. Smith Jr.
Ecole Polytechnique Fédérale de Lausanne and Simon Graduate School of Business, University of Rochester
Downloads 1,203 (12,696)
Citation 15

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Debt Financing, Hedging, Contingent Claims Analysis

8.

Boundaries of the Firm: Evidence from the Banking Industry

Simon School of Business Working Paper No. FR 00-01
Number of pages: 51 Posted: 11 Feb 2000
James A. Brickley, James S. Linck and Clifford W. Smith Jr.
University of Rochester - Simon Business School, Southern Methodist University (SMU) - Edwin L. Cox School of Business and Simon Graduate School of Business, University of Rochester
Downloads 1,054 (15,544)
Citation 29

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Boundaries of the firm, banking, economics of organizations, ownership incentives; agency theory; decision authority; locational decisions; Riegle-Neal Act; community banks, interstate branching

9.

Investment Policy, Financial Policies and the Market for Corporate Control

Simon School of Business Working Paper No. FR 01-14
Number of pages: 37 Posted: 30 Aug 2001
Erwan Morellec and Clifford W. Smith Jr.
Ecole Polytechnique Fédérale de Lausanne and Simon Graduate School of Business, University of Rochester
Downloads 927 (19,598)
Citation 1

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Financial Policies, Investment Policy, Market for Corporate Control

10.

Investment Policy, Financial Policies, and the Control of Agency Conflicts

Simon School of Business Working Paper No. FR 02-16
Number of pages: 38 Posted: 12 Sep 2002
Erwan Morellec and Clifford W. Smith Jr.
Ecole Polytechnique Fédérale de Lausanne and Simon Graduate School of Business, University of Rochester
Downloads 722 (27,208)
Citation 14

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Investment Policy, Financing Policy, Risk Management

11.

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 Jr.
University of Rochester - Simon School (Deceased), Duke University - Fuqua School of Business, Economics Group and Simon Graduate School of Business, University of Rochester
Downloads 673 (29,642)
Citation 49

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12.

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 Jr.
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 503 (40,230)
Citation 2

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

Ownership Structure and Control: Property-Casualty Insurer Conversion to Stock Charter

Simon School of Business Working Paper No. FR 00-15
Number of pages: 42 Posted: 28 Nov 2000
David Mayers and Clifford W. Smith Jr.
University of California, Riverside (UCR) - A. Gary Anderson Graduate School of Management and Simon Graduate School of Business, University of Rochester
Downloads 262 (98,445)
Citation 12

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Ownership Structure and Control: Property-Casualty Insurer Conversion to Stock Charter

Journal of Financial Services Research, Vol. 21, No. 1 & 2, 2002
Posted: 02 Apr 2003
David Mayers and Clifford W. Smith Jr.
University of California, Riverside (UCR) - A. Gary Anderson Graduate School of Management and Simon Graduate School of Business, University of Rochester

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Insurance, ownership structure, charter conversion

14.
Downloads 224 (116,184)
Citation 1

Mechanisms of Board Turnover: Evidence from Backdating

Number of pages: 37 Posted: 11 Aug 2011 Last Revised: 10 Oct 2014
Frederick L. Bereskin and Clifford W. Smith Jr.
University of Delaware and Simon Graduate School of Business, University of Rochester
Downloads 224 (115,733)
Citation 1

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Mechanisms of Board Turnover: Evidence from Backdating

Journal of Applied Corporate Finance, Vol. 26, Issue 2, pp. 65-78, 2014
Number of pages: 16 Posted: 09 Jul 2014
Frederick L. Bereskin and Clifford W. Smith Jr.
University of Delaware and Simon Graduate School of Business, University of Rochester
Downloads 0
Citation 1
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15.

Debt and Taxes: Evidence from the Real Estate Industry

Simon School Working Paper No. FR 12-08
Number of pages: 48 Posted: 07 Apr 2012
Michael J. Barclay, Shane Heitzman and Clifford W. Smith Jr.
Deceased, University of Southern California - Marshall School of Business and Simon Graduate School of Business, University of Rochester
Downloads 218 (98,914)
Citation 3

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Capital structure, taxes, marginal tax rates, organizational form

16.

Vertical Integration to Avoid Contracting with Potential Competitors: Evidence from Bankers’ Banks

Number of pages: 49 Posted: 20 May 2010 Last Revised: 26 Aug 2011
James A. Brickley, James S. Linck and Clifford W. Smith Jr.
University of Rochester - Simon Business School, Southern Methodist University (SMU) - Edwin L. Cox School of Business and Simon Graduate School of Business, University of Rochester
Downloads 159 (142,269)

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Boundaries of the firm, Banking; Economics of organizations, Ownership incentives, Agency theory, Decision authority, Location decisions, Riegle-Neal Act, Community banks, Interstate branching

Incentives for Managing Accounting Information: Property-Liability Insurer Stock-Charter Conversions

Journal of Risk and Insurance, Vol. 71, No. 2, pp. 213-251, June 2004
Number of pages: 39 Posted: 06 Jul 2004
David Mayers and Clifford W. Smith Jr.
University of California, Riverside (UCR) - A. Gary Anderson Graduate School of Management and Simon Graduate School of Business, University of Rochester
Downloads 28 (426,710)
Citation 4
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Incentives for Managing Accounting Information: Property- Liability Insurer Stock-Charter Conversions

Simon School of Business Working Paper FR 96-05
Posted: 09 Sep 1997
David Mayers and Clifford W. Smith Jr.
University of California, Riverside (UCR) - A. Gary Anderson Graduate School of Management and Simon Graduate School of Business, University of Rochester

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18.

Using Organizational Architecture to Lead Change

Journal of Applied Corporate Finance, Vol. 21, No. 2, pp. 58-66, Spring 2009
Number of pages: 11 Posted: 04 Jul 2009
James A. Brickley, Clifford W. Smith Jr. and Jerold L. Zimmerman
University of Rochester - Simon Business School, Simon Graduate School of Business, University of Rochester and University of Rochester - Simon Business School
Downloads 4 (536,325)
Citation 1
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19.

The Investment Opportunity Set and Corporate Financing, Dividend, and Compensation Policies

Journal of Financial Economics, Vol. 32, 1992
Posted: 06 Sep 2006
Clifford W. Smith Jr. and Ross L. Watts
Simon Graduate School of Business, University of Rochester and Massachusetts Institute of Technology (MIT) - Sloan School of Management

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Investment opportunity set, financing policy, dividend policy, compensation policy

20.

Agency Problems and the Corporate Charter

The Journal of Law, Economics, and Organization, Vol. 21, No. 2, pp. 417-440, 2005
Posted: 12 Jul 2005
David Mayers and Clifford W. Smith Jr.
University of California, Riverside (UCR) - A. Gary Anderson Graduate School of Management and Simon Graduate School of Business, University of Rochester

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21.

Organizational Architecture and Corporate Finance

The Journal of Financial Research
Posted: 14 May 2001
Clifford W. Smith Jr.
Simon Graduate School of Business, University of Rochester

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22.

The Maturity Structure of Corporate Debt

JOURNAL OF FINANCE, Vol 50 No 2, June 1995
Posted: 03 May 2000
Michael J. Barclay and Clifford W. Smith Jr.
University of Rochester - Simon School (Deceased) and Simon Graduate School of Business, University of Rochester

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23.

Corporate Risk Management: Theory and Practice

JOURNAL OF DERIVATIVES, Vol 2 No. 4
Posted: 10 Oct 1998
Clifford W. Smith Jr.
Simon Graduate School of Business, University of Rochester

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24.

Controlling Risks in Derivatives Markets

JOURNAL OF FINANCIAL ENGINEERING, Vol 4 No 2, June 1995
Posted: 25 Aug 1998
Ludger Hentschel and Clifford W. Smith Jr.
Simon School, University of Rochester and Simon Graduate School of Business, University of Rochester

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25.

Guaranty Funds and Risktaking: Evidence from the Insurance Industry

Working Paper FR 95-07
Posted: 28 Jun 1998
Soon-Jae Lee, David Mayers and Clifford W. Smith Jr.
Samsung Fire & Marine Insurance Co., Ltd., University of California, Riverside (UCR) - A. Gary Anderson Graduate School of Management and Simon Graduate School of Business, University of Rochester

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26.

Risks in Derivatives Markets

WFIC 96-24
Posted: 16 Jun 1998
Ludger Hentschel and Clifford W. Smith Jr.
Simon School, University of Rochester and Simon Graduate School of Business, University of Rochester

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27.

On the Choice of Insurance Distribution Systems

J. OF RISK AND INSURANCE, Vol. 63 No. 2, June 1996
Posted: 19 May 1998
Won Joong Kim, Clifford W. Smith Jr. and David Mayers
Sungkyunkwan University, Simon Graduate School of Business, University of Rochester and University of California, Riverside (UCR) - A. Gary Anderson Graduate School of Management

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28.

Leverage and Maturity as Strategic Complements

Simon School/University of Rochester Working Paper FR 97-13
Posted: 22 Apr 1998
Michael J. Barclay, Leslie M. Marx and Clifford W. Smith Jr.
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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29.

Risks in Derivatives Markets: Implications for the Insurance Industry

J. OF RISK AND INSURANCE, Vol. 64 No. 2, June 1997
Posted: 11 Sep 1997
Ludger Hentschel and Clifford W. Smith Jr.
Simon School, University of Rochester and Simon Graduate School of Business, University of Rochester

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30.

Tax Incentives to Hedge

Simon School of Business Working Paper FR 96-03
Posted: 02 Sep 1997
John R. Graham and Clifford W. Smith Jr.
Duke University and Simon Graduate School of Business, University of Rochester

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31.

Board Composition and Corporate Control: Evidence from the Insurance Industry

J. OF BUSINESS, Vol. 70 No. 1, January 1997
Posted: 28 Oct 1996
David Mayers, Anil Shivdasani and Clifford W. Smith Jr.
University of California, Riverside (UCR) - A. Gary Anderson Graduate School of Management, University of North Carolina Kenan-Flagler Business School and Simon Graduate School of Business, University of Rochester

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