Dermot Murphy

University of Illinois at Chicago

Associate Professor of Finance

2114 University Hall (UH)

601 S. Morgan Street

Chicago, IL 60607-7124

United States

http://sites.google.com/site/murphyderm

SCHOLARLY PAPERS

10

DOWNLOADS
Rank 7,007

SSRN RANKINGS

Top 7,007

in Total Papers Downloads

8,325

SSRN CITATIONS
Rank 13,447

SSRN RANKINGS

Top 13,447

in Total Papers Citations

48

CROSSREF CITATIONS

41

Scholarly Papers (10)

1.

Financing Dies in Darkness? The Impact of Newspaper Closures on Public Finance

Journal of Financial Economics, (2020) vol. 135, no. 2, 445-467
Number of pages: 71 Posted: 15 May 2018 Last Revised: 12 Oct 2020
Pengjie Gao, Chang Lee and Dermot Murphy
University of Notre Dame - Mendoza College of Business, Korea Advanced Institute of Science and Technology (KAIST) - College of Business and University of Illinois at Chicago
Downloads 3,268 (4,398)
Citation 17

Abstract:

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media, monitoring, public financing, municipal bonds

2.

High Frequency Market Making to Large Institutional Trades

Review of Financial Studies, (2019) vol. 32, no. 3, 1034-1067
Number of pages: 52 Posted: 28 Feb 2015 Last Revised: 08 Feb 2019
Robert A. Korajczyk and Dermot Murphy
Northwestern University and University of Illinois at Chicago
Downloads 1,317 (18,972)
Citation 35

Abstract:

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High Frequency Trading, HFT, Institutional Trades, Implementation Shortfall, Market Making, Liquidity Provision

3.

Political Uncertainty and Public Financing Costs: Evidence from U.S. Gubernatorial Elections and Municipal Bond Markets

Number of pages: 62 Posted: 26 Jan 2012 Last Revised: 11 Feb 2019
Pengjie Gao, Dermot Murphy and Yaxuan Qi
University of Notre Dame - Mendoza College of Business, University of Illinois at Chicago and City University of Hong Kong (CityU) - Department of Economics & Finance
Downloads 996 (28,615)
Citation 21

Abstract:

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Political Uncertainty, Elections, Public Financing Costs, Municipal Bonds

4.

The Impact of High-Frequency Trading on Stock Market Liquidity Measures

Number of pages: 38 Posted: 13 Jun 2013 Last Revised: 26 Oct 2015
Soohun Kim and Dermot Murphy
College of Business, Korea Advanced Institute of Science and Technology (KAIST) and University of Illinois at Chicago
Downloads 914 (32,344)
Citation 7

Abstract:

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microstructure, liquidity, high-frequency trading, HFT

5.

Municipal Borrowing Costs and State Policies for Distressed Municipalities

Journal of Financial Economics, (2019) vol. 132, no. 2, 404-426
Number of pages: 59 Posted: 30 Sep 2016 Last Revised: 02 Feb 2020
Pengjie Gao, Chang Lee and Dermot Murphy
University of Notre Dame - Mendoza College of Business, Korea Advanced Institute of Science and Technology (KAIST) - College of Business and University of Illinois at Chicago
Downloads 391 (95,617)
Citation 9

Abstract:

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Default Risk, Municipal Bonds, Government Policy, Risk Sharing

6.

Short-Term Return Predictability and Repetitive Institutional Net Order Activity

Journal of Financial Research, (2017) vol. 40, no. 4, 455-477
Number of pages: 37 Posted: 14 May 2013 Last Revised: 08 Feb 2019
Dermot Murphy and Ramabhadran S. Thirumalai
University of Illinois at Chicago and Indian School of Business
Downloads 232 (161,864)

Abstract:

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momentum, return predictability, institutional traders

7.

Retail Clientele and Dividend Policy

Indian School of Business
Number of pages: 32 Posted: 21 Feb 2014 Last Revised: 28 Apr 2020
Dermot Murphy and Ramabhadran S. Thirumalai
University of Illinois at Chicago and Indian School of Business
Downloads 218 (176,266)

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dividend policy, retail clientele, trader behavior, stock splits

8.

Good for your Fiscal Health? The Effect of the Affordable Care Act on Healthcare Borrowing Costs

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 70 Posted: 30 Sep 2019 Last Revised: 03 Sep 2021
Pengjie Gao, Chang Lee and Dermot Murphy
University of Notre Dame - Mendoza College of Business, Korea Advanced Institute of Science and Technology (KAIST) - College of Business and University of Illinois at Chicago
Downloads 187 (202,790)

Abstract:

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public finance, health economics, municipal bonds, Affordable Care Act, Medicaid

9.

Do High-Frequency Traders Improve your Implementation Shortfall?

Journal of Investment Management, 18 (First Quarter 2020): 18-33.
Number of pages: 29 Posted: 16 Apr 2019 Last Revised: 25 Feb 2020
Robert A. Korajczyk and Dermot Murphy
Northwestern University and University of Illinois at Chicago
Downloads 183 (206,759)

Abstract:

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high-frequency trading, institutional orders, implementation shortfall, transaction costs, transaction tax

10.

Vestigial Tails? Floor Brokers at the Close in Modern Electronic Markets

Number of pages: 57 Posted: 28 May 2020
Edwin Hu and Dermot Murphy
New York University School of Law and University of Illinois at Chicago
Downloads 619

Abstract:

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closing auctions, floor brokers, auction efficiency, D-Orders, COVID-19