Paul Borochin

University of Florida - Department of Finance, Insurance and Real Estate

P.O. Box 117168

Gainesville, FL 32611

United States

SCHOLARLY PAPERS

27

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9,106

SSRN CITATIONS
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SSRN RANKINGS

Top 10,516

in Total Papers Citations

148

CROSSREF CITATIONS

12

Ideas:
“  I'm currently working on the effects of different types of institutional owners on firm behavior  ”

Scholarly Papers (27)

1.

Common Ownership Types and Their Effects on Innovation and Competition

Number of pages: 57 Posted: 31 Jul 2018 Last Revised: 14 May 2020
Paul Borochin, Jie Yang and Rongrong Zhang
University of Florida - Department of Finance, Insurance and Real Estate, Board of Governors of the Federal Reserve System and Georgia Southern University
Downloads 950 (47,894)
Citation 1

Abstract:

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Institutional investor type, common ownership, innovation, patents, competition

The Effects of Institutional Investor Objectives on Firm Valuation and Governance

Journal of Financial Economics (JFE), Forthcoming, Georgetown McDonough School of Business Research Paper No. 2622610
Number of pages: 70 Posted: 26 Jun 2015 Last Revised: 22 Nov 2016
Paul Borochin and Jie Yang
University of Florida - Department of Finance, Insurance and Real Estate and Board of Governors of the Federal Reserve System
Downloads 548 (97,175)
Citation 1

Abstract:

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Institutional investors, investor type, dedicated, transient, misvaluation, corporate governance, blockholding, portfolio turnover, information dissemination, SEC Regulation FD

The Effects of Institutional Investor Objectives on Firm Valuation and Governance

FEDS Working Paper No. 2016-088
Number of pages: 72 Posted: 28 Nov 2016
Paul Borochin and Jie Yang
University of Florida - Department of Finance, Insurance and Real Estate and Board of Governors of the Federal Reserve System
Downloads 196 (294,157)
Citation 9

Abstract:

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Institutional investors, Investor type, Dedicated, Transient, Misvaluation, Corporate governance, Blockholding, Portfolio turnover, Information dissemination, SEC Regulation FD

3.

Identifying the Heterogeneous Impact of Highly Anticipated Events: Evidence from the Tax Cuts and Jobs Act

Number of pages: 44 Posted: 17 Mar 2021 Last Revised: 01 Jul 2022
Paul Borochin, Murat Alp Celik, Xu Tian and Toni M. Whited
University of Florida - Department of Finance, Insurance and Real Estate, University of Toronto - Department of Economics, University of Georgia - Terry College of Business - Department of Finance and University of Michigan, Department of Economics
Downloads 713 (70,311)

Abstract:

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Event Study, Market Anticipation, Options, Tax Policy, Innovation

4.

Risk Neutral Skewness Predicts Price Rebounds and so can Improve Momentum Performance

Number of pages: 59 Posted: 27 Feb 2018 Last Revised: 23 Jun 2020
Paul Borochin and Yanhui Zhao
University of Florida - Department of Finance, Insurance and Real Estate and University of Wisconsin - Whitewater - College of Business and Economics
Downloads 660 (77,573)

Abstract:

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Risk Neutral Skewness, Momentum, Return Predictability

5.

The Effects of Conference Call Tones on Market Perceptions of Value Uncertainty

Journal of Financial Markets, Forthcoming
Number of pages: 49 Posted: 19 Mar 2015 Last Revised: 07 Feb 2018
Paul Borochin, Jim Cicon, Jared DeLisle and S. McKay Price
University of Florida - Department of Finance, Insurance and Real Estate, University of Central Missouri, Utah State University and Lehigh University - Perella Department of Finance
Downloads 575 (92,250)
Citation 14

Abstract:

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Earnings conference calls, Disclosure, Textual analysis, Scripting, Option implied volatility, Uncertainty, Price discovery

6.

Belief Heterogeneity in the Option Markets and the Cross-Section of Stock Returns

Number of pages: 62 Posted: 20 Jan 2016 Last Revised: 07 Mar 2019
Paul Borochin and Yanhui Zhao
University of Florida - Department of Finance, Insurance and Real Estate and University of Wisconsin - Whitewater - College of Business and Economics
Downloads 530 (102,217)
Citation 6

Abstract:

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Options; Implied Volatility; Belief Heterogeneity

7.

Identifying and Pricing Adverse Selection Risk with VPIN

Number of pages: 36 Posted: 29 Apr 2015 Last Revised: 05 Jan 2021
Paul Borochin and Stephen Rush
University of Florida - Department of Finance, Insurance and Real Estate and Bowling Green State University - Department of Finance
Downloads 530 (102,217)

Abstract:

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Asset Pricing, VPIN, Adverse Selection, Informed Trading, Market Microstructure

8.

The Role of the Chief Legal Officer in Corporate Governance

Journal of Corporate Finance, Forthcoming
Number of pages: 51 Posted: 17 Jan 2014 Last Revised: 11 Mar 2019
Robert C. Bird, Paul Borochin and John D. Knopf
University of Connecticut - School of Business, University of Florida - Department of Finance, Insurance and Real Estate and University of Connecticut - Department of Finance
Downloads 445 (126,028)
Citation 9

Abstract:

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Corporate governance, internal governance, executive compensation, securities class actions

9.

The Information Content of the Term Structure of Risk-Neutral Skewness

Number of pages: 54 Posted: 20 May 2017 Last Revised: 21 Sep 2018
Paul Borochin, Hao Chang and Yangru Wu
University of Florida - Department of Finance, Insurance and Real Estate, Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick and Rutgers University, Newark - School of Business - Department of Finance & Economics
Downloads 426 (132,632)
Citation 5

Abstract:

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Risk-Neutral Skewness, Term Structure, Return Predictability, Hedging Demand, Informed Trading, Skewness Preference

10.

The Economic Value of Equity Implied Volatility Forecasting with Machine Learning

Number of pages: 59 Posted: 15 Oct 2020
Paul Borochin and Yanhui Zhao
University of Florida - Department of Finance, Insurance and Real Estate and University of Wisconsin - Whitewater - College of Business and Economics
Downloads 376 (152,856)
Citation 1

Abstract:

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Volatility Forecasting, Options, Return Predictability, Machine Learning

Options, Equity Risks, and the Value of Capital Structure Adjustments

Journal of Corporate Finance, Forthcoming, Georgetown McDonough School of Business Research Paper
Number of pages: 63 Posted: 17 Nov 2013 Last Revised: 17 Nov 2016
Paul Borochin and Jie Yang
University of Florida - Department of Finance, Insurance and Real Estate and Board of Governors of the Federal Reserve System
Downloads 300 (193,645)

Abstract:

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Capital Structure, Financial Leverage, Options, Implied Volatility

Options, Equity Risks, and the Value of Capital Structure Adjustments

FEDS Working Paper No. 2016-097
Number of pages: 64 Posted: 19 Dec 2016
Paul Borochin and Jie Yang
University of Florida - Department of Finance, Insurance and Real Estate and Board of Governors of the Federal Reserve System
Downloads 71 (630,941)
Citation 5

Abstract:

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Capital Structure, Financial Leverage, Options, Implied Volatility

12.

Informed Options Trading Before Fda Drug Advisory Committee Meetings

University of Miami Business School Research Paper No. 3825062
Number of pages: 54 Posted: 13 Apr 2021
Zekun Wu, Paul Borochin and Joseph H. Golec
Capital One Financial Corporation, University of Florida - Department of Finance, Insurance and Real Estate and University of Connecticut - Department of Finance
Downloads 303 (192,870)

Abstract:

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FDA; Informed Trading; Options;

13.

The Effect of Option-implied Skewness on Delta- and Vega-Hedged Option Returns

Number of pages: 42 Posted: 29 Jul 2019 Last Revised: 17 Jan 2020
Paul Borochin, Zekun Wu and Yanhui Zhao
University of Florida - Department of Finance, Insurance and Real Estate, Capital One Financial Corporation and University of Wisconsin - Whitewater - College of Business and Economics
Downloads 275 (213,322)
Citation 1

Abstract:

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Risk Neutral Skewness; Options; Return Predictability

14.

Using Options to Measure the Full Value-Effect of an Event: Application to Obamacare

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 69 Posted: 05 Sep 2013 Last Revised: 08 Jul 2015
Paul Borochin and Joseph H. Golec
University of Florida - Department of Finance, Insurance and Real Estate and University of Connecticut - Department of Finance
Downloads 262 (223,865)
Citation 7

Abstract:

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Event study, options, valuation, healthcare reform

15.

Alternative Corporate Governance: Domestic Media Coverage of Mergers and Acquisitions in China

Number of pages: 48 Posted: 11 Jun 2014 Last Revised: 05 May 2015
Paul Borochin and Cu Weihua
University of Florida - Department of Finance, Insurance and Real Estate and Xiangtan University
Downloads 260 (225,554)
Citation 1

Abstract:

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Mergers and acquisitions, media bias, text categorization, corporate governance, China

16.

Do Boards Have Style? Evidence from Director Style Divergence and Board Turnover

University of Connecticut School of Business Research Paper No. 19-01
Number of pages: 56 Posted: 08 Dec 2021
Robert C. Bird, Paul Borochin, John D. Knopf and Luchun Ma
University of Connecticut - School of Business, University of Florida - Department of Finance, Insurance and Real Estate, University of Connecticut - Department of Finance and University of Connecticut
Downloads 234 (250,110)

Abstract:

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Board of Directors, Corporate Governance, Board Dynamics

17.

Target Information Asymmetry and Takeover Strategy: Insights from a New Perspective

Number of pages: 59 Posted: 12 Nov 2016
Paul Borochin, Chinmoy Ghosh and Di Huang
University of Florida - Department of Finance, Insurance and Real Estate, University of Connecticut - Department of Finance and Alma College
Downloads 232 (252,103)

Abstract:

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Information asymmetry, Acquisitions, Firm valuation

18.

Information Networks in the Financial Sector and Systemic Risk

University of Miami Business School Research Paper No. 3516784, Journal of Banking and Finance, Forthcoming
Number of pages: 43 Posted: 06 Feb 2020 Last Revised: 15 Oct 2021
Paul Borochin and Stephen Rush
University of Florida - Department of Finance, Insurance and Real Estate and Bowling Green State University - Department of Finance
Downloads 205 (283,220)

Abstract:

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Asset Pricing, Network Analysis, VPIN, Systemic Risk

19.

Can Long-Term Institutional Owners Improve Market Efficiency in Parsing Complex Legal Disputes?

Number of pages: 60 Posted: 15 Feb 2020 Last Revised: 23 Jun 2020
Paul Borochin, Xiaoqiong Wang and Siqi Wei
University of Florida - Department of Finance, Insurance and Real Estate, Indiana University Kokomo and David Nazarian College of Business and Economics, California State University, Northridge
Downloads 190 (303,505)

Abstract:

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Institutional ownership, Securities class actions, Market efficiency, Natural language processing

20.

A General Method for Valuing Complex Capital Structures

Number of pages: 15 Posted: 30 Apr 2019 Last Revised: 22 Jul 2019
Paul Borochin, Yaacov Kopeliovich and Kevin Shea
University of Florida - Department of Finance, Insurance and Real Estate, University of Connecticut - Department of Finance and Disciplined Alpha
Downloads 152 (368,201)

Abstract:

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Capital Structure, Binomial Trees, Derivatives Pricing

21.

Option Market-Based Predictors of REIT Leverage Changes

Journal of Real Estate Finance and Economics, Forthcoming, Georgetown McDonough School of Business Research Paper No. 2577414
Number of pages: 28 Posted: 15 Mar 2015 Last Revised: 02 Jun 2016
University of Florida - Department of Finance, Insurance and Real Estate, University of Connecticut - School of Business - Center for Real Estate and Urban Economic Studies, California Lutheran University, School of Management and Board of Governors of the Federal Reserve System
Downloads 137 (399,907)

Abstract:

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Capital Structure, Real Estate, REITs, Options, Implied Volatility

22.

When Does a Merger Create Value? Using Option Prices to Elicit Market Beliefs

Financial Management, 43(2), 445-466
Number of pages: 40 Posted: 26 May 2013 Last Revised: 16 Jan 2016
Paul Borochin
University of Florida - Department of Finance, Insurance and Real Estate
Downloads 129 (419,157)
Citation 3

Abstract:

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Mergers, options, financial markets

23.

The Information Content of Real Operating Performance Measures from the Airline Industry

Number of pages: 50 Posted: 04 Sep 2019 Last Revised: 12 Dec 2019
Paul Borochin
University of Florida - Department of Finance, Insurance and Real Estate
Downloads 116 (454,219)

Abstract:

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Market efficiency, operating performance measures, return predictability

24.

Do Managers Seek Control and Entrenchment?

Number of pages: 49 Posted: 09 Oct 2015 Last Revised: 08 Nov 2018
Paul Borochin and John D. Knopf
University of Florida - Department of Finance, Insurance and Real Estate and University of Connecticut - Department of Finance
Downloads 112 (466,429)

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Insider ownership, Agency, Ownership Structure, Entrenchment

25.

Systematic Financial Intermediation and Business Cycles

Number of pages: 42 Posted: 05 Mar 2020 Last Revised: 30 Apr 2024
Paul Borochin and Ujjal Chatterjee
University of Florida - Department of Finance, Insurance and Real Estate and University of Trento
Downloads 90 (541,237)

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Business Cycles, Financial Intermediation, Monetary Policy, Recessions, Bank Liquidity Creation

26.

An Application of Real Options to Capital Budgeting for Power Grid Reliability

Number of pages: 8 Posted: 12 Mar 2018 Last Revised: 15 Mar 2019
Paul Borochin and Yanhui Zhao
University of Florida - Department of Finance, Insurance and Real Estate and University of Wisconsin - Whitewater - College of Business and Economics
Downloads 89 (545,061)

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Resilience, Power System Economics, Power System Stability

27.

Using Option Market Liquidity to Predict REIT Leverage Changes

Journal of Real Estate Finance and Economics, Vol. 55, No. 2, 2017
Posted: 06 Oct 2017 Last Revised: 11 Oct 2017
University of Florida - Department of Finance, Insurance and Real Estate, University of Connecticut - School of Business - Center for Real Estate and Urban Economic Studies, California Lutheran University, School of Management and Board of Governors of the Federal Reserve System

Abstract:

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Capital Structure; Real Estate; REITs; Options; Liquidity