Paul Borochin

University of Miami - Department of Finance

P.O. Box 248094

Coral Gables, FL 33124-6552

United States

SCHOLARLY PAPERS

27

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SSRN CITATIONS
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Top 19,017

in Total Papers Citations

43

CROSSREF CITATIONS

13

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

Scholarly Papers (27)

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 Miami - Department of Finance and Board of Governors of the Federal Reserve System
Downloads 481 (74,177)
Citation 1

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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 Miami - Department of Finance and Board of Governors of the Federal Reserve System
Downloads 148 (247,842)
Citation 9

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

2.

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 Miami - Department of Finance, Board of Governors of the Federal Reserve System and Georgia Southern University
Downloads 557 (62,432)

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

3.

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 Miami - Department of Finance and University of Wisconsin - Whitewater - College of Business and Economics
Downloads 483 (74,546)
Citation 4

Abstract:

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Options; Implied Volatility; Belief Heterogeneity

4.

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 Miami - Department of Finance, University of Central Missouri, Utah State University and Lehigh University - Perella Department of Finance
Downloads 479 (75,290)
Citation 4

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

5.

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 Miami - Department of Finance and University of Wisconsin - Whitewater - College of Business and Economics
Downloads 458 (79,500)

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Risk Neutral Skewness, Momentum, Return Predictability

6.

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 Miami - Department of Finance and Bowling Green State University - Department of Finance
Downloads 418 (88,459)

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

7.

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 Miami - Department of Finance and University of Connecticut - Department of Finance
Downloads 363 (104,026)
Citation 9

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

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 Miami - Department of Finance and Board of Governors of the Federal Reserve System
Downloads 271 (141,720)

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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 Miami - Department of Finance and Board of Governors of the Federal Reserve System
Downloads 46 (505,213)
Citation 1

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Capital Structure, Financial Leverage, Options, Implied Volatility

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 Miami - Department of Finance, 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 263 (146,805)
Citation 5

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

10.

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

Number of pages: 49 Posted: 17 Mar 2021
Paul Borochin, Murat Alp Celik, Xu Tian and Toni M. Whited
University of Miami - Department of Finance, University of Toronto - Department of Economics, Department of Finance, Terry College of Business, University of Georgia and University of Michigan, Stephen M. Ross School of Business
Downloads 239 (161,307)

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

11.

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 Miami - Department of Finance and Xiangtan University
Downloads 226 (170,208)
Citation 1

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

12.

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 Miami - Department of Finance and University of Connecticut - Department of Finance
Downloads 216 (177,697)
Citation 5

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Event study, options, valuation, healthcare reform

13.

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 Miami - Department of Finance and University of Wisconsin - Whitewater - College of Business and Economics
Downloads 205 (186,517)
Citation 1

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Volatility Forecasting, Options, Return Predictability, Machine Learning

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 Miami - Department of Finance, University of Connecticut - Department of Finance and Alma College
Downloads 169 (221,527)

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Information asymmetry, Acquisitions, Firm valuation

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

European Financial Management, Vol. 25, Issue 1, pp. 38-79, 2019
Number of pages: 42 Posted: 30 Jan 2019
Paul Borochin, Chinmoy Ghosh and Di Huang
University of Miami - Department of Finance, University of Connecticut - Department of Finance and Alma College
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acquisitions, firm valuation, information asymmetry

15.

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 Miami - Department of Finance, University of Connecticut and University of Wisconsin - Whitewater - College of Business and Economics
Downloads 138 (261,333)
Citation 1

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Risk Neutral Skewness; Options; Return Predictability

16.

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 Miami - Department of Finance and Bowling Green State University - Department of Finance
Downloads 115 (299,059)

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Asset Pricing, Network Analysis, VPIN, Systemic Risk

17.

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 Miami - Department of Finance, 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 112 (304,766)

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

18.

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
University of Connecticut, University of Miami - Department of Finance and University of Connecticut - Department of Finance
Downloads 103 (322,750)

Abstract:

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FDA; Informed Trading; Options;

19.

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 Miami - Department of Finance
Downloads 103 (322,750)
Citation 3

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Mergers, options, financial markets

20.

Does Diversity Help Minorities? Evidence From Sell-Side Equity Analysts

Number of pages: 65 Posted: 08 Mar 2021 Last Revised: 12 Jul 2021
Paul Borochin, Vidhi Chhaochharia and Alok Kumar
University of Miami - Department of Finance, University of Miami - Department of Finance and University of Miami - Miami Herbert Business School
Downloads 98 (333,336)

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Diversity, racial/ethnic minorities, sell-side analysts, earnings forecasts, forecast accuracy, market reaction.

21.

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 Miami - Department of Finance, Indiana University Kokomo and David Nazarian College of Business and Economics, California State University, Northridge
Downloads 91 (349,427)

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

22.

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 Miami - Department of Finance, University of Connecticut - Department of Finance and Disciplined Alpha
Downloads 88 (356,783)

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Capital Structure, Binomial Trees, Derivatives Pricing

23.

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 Miami - Department of Finance and University of Connecticut - Department of Finance
Downloads 83 (369,707)

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Insider ownership, Agency, Ownership Structure, Entrenchment

24.

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 Miami - Department of Finance
Downloads 77 (386,299)

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Market efficiency, operating performance measures, return predictability

25.

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 Miami - Department of Finance and University of Wisconsin - Whitewater - College of Business and Economics
Downloads 60 (440,893)

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Resilience, Power System Economics, Power System Stability

26.

Systematic Financial Intermediation and Business Cycles

Number of pages: 42 Posted: 05 Mar 2020 Last Revised: 13 Jan 2021
Paul Borochin and Ujjal Chatterjee
University of Miami - Department of Finance and University of Trento
Downloads 43 (509,298)

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

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 Miami - Department of Finance, 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

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Capital Structure; Real Estate; REITs; Options; Liquidity