Paul Borochin

University of Miami

P.O. Box 248094

Coral Gables, FL 33124-6552

United States

SCHOLARLY PAPERS

20

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4,018

CITATIONS

13

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

Scholarly Papers (20)

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 and Board of Governors of the Federal Reserve System
Downloads 410 (69,557)

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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 and Board of Governors of the Federal Reserve System
Downloads 128 (221,451)
Citation 1

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

2.

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 and University of Wisconsin - Whitewater - College of Business and Economics
Downloads 439 (64,638)

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Options; Implied Volatility; Belief Heterogeneity

3.

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, University of Central Missouri, Utah State University and Lehigh University - Perella Department of Finance
Downloads 422 (67,772)

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

4.

Identifying and Pricing Adverse Selection Risk with VPIN

Number of pages: 34 Posted: 29 Apr 2015 Last Revised: 02 Mar 2016
Paul Borochin and Stephen Rush
University of Miami and BGSU
Downloads 335 (88,715)

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

5.

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 and University of Connecticut - Department of Finance
Downloads 306 (97,980)
Citation 3

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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 and Board of Governors of the Federal Reserve System
Downloads 254 (118,942)

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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 and Board of Governors of the Federal Reserve System
Downloads 35 (452,678)

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Capital Structure, Financial Leverage, Options, Implied Volatility

7.

What Information Does Risk Neutral Skewness Contain? Evidence From Price Rebounds and Momentum Crashes

Number of pages: 58 Posted: 27 Feb 2018 Last Revised: 20 May 2019
Paul Borochin and Yanhui Zhao
University of Miami and University of Wisconsin - Whitewater - College of Business and Economics
Downloads 286 (105,495)

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Risk Neutral Skewness, Momentum, Return Predictability

8.

Common Ownership Types and Their Effects on Innovation and Competition

Number of pages: 61 Posted: 31 Jul 2018 Last Revised: 24 Apr 2019
Paul Borochin, Jie Yang and Rongrong Zhang
University of Miami, Board of Governors of the Federal Reserve System and Georgia Southern University
Downloads 235 (129,283)

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

9.

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 and Xiangtan University
Downloads 213 (142,225)
Citation 1

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

10.

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 and University of Connecticut - Department of Finance
Downloads 198 (152,260)

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Event study, options, valuation, healthcare reform

11.

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, 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 165 (179,279)
Citation 3

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

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, University of Connecticut - Department of Finance and Alma College
Downloads 133 (214,863)

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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, University of Connecticut - Department of Finance and Alma College
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acquisitions, firm valuation, information asymmetry

13.

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, 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 101 (261,784)

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

14.

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
Downloads 92 (278,198)

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Mergers, options, financial markets

15.

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: 05 Dec 2018 Last Revised: 17 Aug 2019
Robert C. Bird, Paul Borochin, John D. Knopf and Luchun Ma
University of Connecticut - School of Business, University of Miami, University of Connecticut - Department of Finance and University of Connecticut
Downloads 89 (284,070)

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Board of Directors, Corporate Governance, Board Dynamics

16.

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 and University of Connecticut - Department of Finance
Downloads 65 (340,566)

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Insider ownership, Agency, Ownership Structure, Entrenchment

17.

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

Number of pages: 42 Posted: 29 Jul 2019
Paul Borochin, Yanhui Zhao and Zekun Wu
University of Miami, University of Wisconsin - Whitewater - College of Business and Economics and University of Connecticut
Downloads 38 (430,059)

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Risk Neutral Skewness; Options; Return Predictability

18.

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, University of Connecticut - Department of Finance and Disciplined Alpha
Downloads 37 (434,118)

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Capital Structure, Binomial Trees, Derivatives Pricing

19.

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 and University of Wisconsin - Whitewater - College of Business and Economics
Downloads 37 (434,118)

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Resilience, Power System Economics, Power System Stability

20.

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, 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