Jay C. Hartzell

University of Texas at Austin - Department of Finance

1 University Station B6600

Austin, TX 78712

United States

http://www.mccombs.utexas.edu/faculty/jay.hartzell/

  • University of Texas at Austin - Department of Finance

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    • Tel: 512-471-6779
    • Fax: 512-471-5073
SCHOLARLY PAPERS

25

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206

CROSSREF CITATIONS

775

Scholarly Papers (25)

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1.

Explaining Corporate Governance: Boards, Bylaws, and Charter Provisions

Weinberg Center for Corporate Governance Working Paper No. 2003-03
Number of pages: 49 Posted: 14 Oct 2003
Stuart Gillan, Jay C. Hartzell and Laura T. Starks
University of Georgia - Department of Finance, University of Texas at Austin - Department of Finance and University of Texas at Austin - Department of Finance
Downloads 2,562 (5,031)
Citation 84

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Corporate Governance, Endogeneity, Board of Directors, Charter Provisions

2.

Institutional Investors and Executive Compensation

AFA 2003 Washington, DC Meetings
Number of pages: 36 Posted: 06 Sep 2000
Jay C. Hartzell and Laura T. Starks
University of Texas at Austin - Department of Finance and University of Texas at Austin - Department of Finance
Downloads 2,435 (5,466)
Citation 66

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Executive compensation, institutional investors, pay-for-performance, large shareholders, agency problems

3.

Why Do Firms Hold so Much Cash? A Tax-Based Explanation

Downloads 1,583 ( 11,195)
Citation 171

Why Do Firms Hold so Much Cash? A Tax-Based Explanation

AFA 2006 Boston Meetings Paper
Number of pages: 44 Posted: 03 Feb 2005
C. Fritz Foley, Jay C. Hartzell, Sheridan Titman and Garry J. Twite
Harvard University - Business School (HBS), University of Texas at Austin - Department of Finance, University of Texas at Austin - Department of Finance and University of Melbourne - Department of Finance
Downloads 1,487 (12,073)
Citation 8

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Cash, Taxes, Repatriation

Why Do Firms Hold so Much Cash? A Tax-Based Explanation

NBER Working Paper No. w12649
Number of pages: 44 Posted: 20 Nov 2006 Last Revised: 26 Jul 2010
C. Fritz Foley, Jay C. Hartzell, Sheridan Titman and Garry J. Twite
Harvard University - Business School (HBS), University of Texas at Austin - Department of Finance, University of Texas at Austin - Department of Finance and University of Melbourne - Department of Finance
Downloads 96 (284,582)
Citation 21

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4.

The Effect of Corporate Governance on Investment: Evidence from Real Estate Investment Trusts (Reits)

Number of pages: 43 Posted: 15 Mar 2004
Jay C. Hartzell, Libo Sun and Sheridan Titman
University of Texas at Austin - Department of Finance, California State Polytechnic University, Pomona - Finance, Real Estate and Law Department and University of Texas at Austin - Department of Finance
Downloads 1,173 (17,807)
Citation 14

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Governance, investment, REITs, institutional investors

5.

The Impact of CEO Turnover on Firm Volatility

Number of pages: 40 Posted: 10 Jun 2000
Matthew J. Clayton, Jay C. Hartzell and Joshua V. Rosenberg
University of Virginia - McIntire School of Commerce, University of Texas at Austin - Department of Finance and Federal Reserve Bank of New York
Downloads 1,154 (18,261)
Citation 1

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Turnover, Volatility, CEO

6.

Active Institutional Shareholders and Costs of Monitoring: Evidence from Executive Compensation

Downloads 986 ( 23,038)
Citation 118

Active Institutional Shareholders and Costs of Monitoring: Evidence from Executive Compensation

Number of pages: 49 Posted: 13 Feb 2004
Andres Almazan, Jay C. Hartzell and Laura T. Starks
University of Texas at Austin - Department of Finance, University of Texas at Austin - Department of Finance and University of Texas at Austin - Department of Finance
Downloads 972 (23,129)
Citation 7

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Active institutional investors, Executive compensation, Agency, Monitoring

Active Institutional Shareholders and Costs of Monitoring: Evidence from Executive Compensation

Financial Management, Vol. 34, No. 4, Winter 2005
Number of pages: 30 Posted: 13 Dec 2005
Andres Almazan, Jay C. Hartzell and Laura T. Starks
University of Texas at Austin - Department of Finance, University of Texas at Austin - Department of Finance and University of Texas at Austin - Department of Finance
Downloads 14 (601,041)
Citation 7
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7.

The Role of Corporate Governance in Initial Public Offerings: Evidence from Real Estate Investment Trusts

Downloads 973 ( 23,503)
Citation 2

The Role of Corporate Governance in Initial Public Offerings: Evidence from Real Estate Investment Trusts

Number of pages: 41 Posted: 24 Nov 2002
Jay C. Hartzell, Crocker H. Liu and Jarl G. Kallberg
University of Texas at Austin - Department of Finance, Arizona State University and New York University (NYU) - Department of Finance
Downloads 973 (23,099)
Citation 2

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IPO, Corporate Governance, REITs, Compensation

The Role of Corporate Governance in Initial Public Offerings: Evidence from Real Estate Investment Trusts

Journal of Law and Economics, Vol. 51, No. 3, 2008
Posted: 20 Oct 2008
Jay C. Hartzell, Jarl G. Kallberg and Crocker H. Liu
University of Texas at Austin - Department of Finance, New York University (NYU) - Department of Finance and Arizona State University

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IPO, Corporate Governance, REIT, Incentive

8.

Tradeoffs in Corporate Governance: Evidence from Board Structures and Charter Provisions

Number of pages: 48 Posted: 19 Jul 2006
Stuart Gillan, Jay C. Hartzell and Laura T. Starks
University of Georgia - Department of Finance, University of Texas at Austin - Department of Finance and University of Texas at Austin - Department of Finance
Downloads 960 (23,968)
Citation 54

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Corporate Governance, Charter Provisions, Boards of Directors

9.

The Impact of CEO Turnover on Equity Volatility

Downloads 707 ( 25,013)
Citation 8

The Impact of CEO Turnover on Equity Volatility

FRB of NY Staff Report No. 166
Number of pages: 40 Posted: 27 Mar 2006
Joshua V. Rosenberg, Matthew J. Clayton and Jay C. Hartzell
Federal Reserve Bank of New York, University of Virginia - McIntire School of Commerce and University of Texas at Austin - Department of Finance
Downloads 415 (71,918)
Citation 2

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CEO turnover, volatility, event study

The Impact of CEO Turnover on Equity Volatility

NYU Working Paper No. FIN-00-014
Number of pages: 44 Posted: 03 Nov 2008
Matthew J. Clayton, Jay C. Hartzell and Joshua V. Rosenberg
University of Virginia - McIntire School of Commerce, University of Texas at Austin - Department of Finance and Federal Reserve Bank of New York
Downloads 292 (107,408)

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The Impact of CEO Turnover on Equity Volatility

Journal of Business, Forthcoming
Posted: 29 Jun 2004
Matthew J. Clayton, Jay C. Hartzell and Joshua V. Rosenberg
University of Virginia - McIntire School of Commerce, University of Texas at Austin - Department of Finance and Federal Reserve Bank of New York

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CEO Turnover, Volatility

10.

What's in it for Me? Personal Benefits Obtained by CEOS Whose Firms are Acquired

Presented at Tuck-JFE Contemporary Corporate Governance Conference
Number of pages: 32 Posted: 24 Jul 2000
Jay C. Hartzell, Eli Ofek and David Yermack
University of Texas at Austin - Department of Finance, New York University (NYU) - Department of Finance and New York University (NYU) - Stern School of Business
Downloads 882 (27,063)
Citation 5

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Takeovers, acquisitions

11.

Explicit vs. Implicit Contracts: Evidence from CEO Employment Agreements

AFA 2006 Boston Meetings
Number of pages: 40 Posted: 03 Jun 2005 Last Revised: 26 Jul 2008
Stuart Gillan, Jay C. Hartzell and Robert Parrino
University of Georgia - Department of Finance, University of Texas at Austin - Department of Finance and University of Texas at Austin - Department of Finance
Downloads 778 (32,210)
Citation 23

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Contracting, CEOs, corporate governance

12.

Alternative Benchmarks for Evaluating REIT Mutual Fund Performance

Number of pages: 40 Posted: 01 Nov 2007 Last Revised: 07 Oct 2008
Jay C. Hartzell, Tobias Muhlhofer and Sheridan Titman
University of Texas at Austin - Department of Finance, University of Miami - Department of Finance and University of Texas at Austin - Department of Finance
Downloads 719 (35,939)
Citation 2

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REITs, Mutual Funds, Performance Evaluation

13.

Is a Higher Calling Enough? Incentive Compensation in the Church

Downloads 667 ( 39,737)
Citation 2

Is a Higher Calling Enough? Incentive Compensation in the Church

Journal of Labor Economics, Forthcoming
Number of pages: 40 Posted: 19 Nov 2008 Last Revised: 28 Feb 2010
Jay C. Hartzell, Christopher A. Parsons and David Yermack
University of Texas at Austin - Department of Finance, Foster School of Business, University of Washington and New York University (NYU) - Stern School of Business
Downloads 527 (53,429)

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Compensation, Incentives, Churches, Religion

Is a Higher Calling Enough? Incentive Compensation in the Church

Journal of Labor Economics, Forthcoming, NYU Working Paper No. FIN-08-015
Number of pages: 40 Posted: 09 Mar 2009 Last Revised: 28 Feb 2010
David Yermack, Jay C. Hartzell and Christopher A. Parsons
New York University (NYU) - Stern School of Business, University of Texas at Austin - Department of Finance and Foster School of Business, University of Washington
Downloads 140 (215,289)

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14.

Is There a Disposition Effect in Corporate Investment Decisions? Evidence from Real Estate Investment Trusts

Number of pages: 44 Posted: 20 Nov 2007 Last Revised: 28 Sep 2010
Alan D. Crane and Jay C. Hartzell
Rice University - Jesse H. Jones Graduate School of Business and University of Texas at Austin - Department of Finance
Downloads 649 (41,317)
Citation 16

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Disposition effect, Behavioral corporate finance, REITs

15.

On Enhancing Shareholder Control: A (Dodd-) Frank Assessment of Proxy Access

Number of pages: 57 Posted: 18 Jan 2011 Last Revised: 22 Oct 2013
Jonathan B. Cohn, Stuart Gillan and Jay C. Hartzell
University of Texas at Austin, University of Georgia - Department of Finance and University of Texas at Austin - Department of Finance
Downloads 609 (44,925)
Citation 17

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Corporate Governance, Activist Shareholders, Proxy Access

16.

The Role of the Underlying Real Asset Market in REIT Ipos

Number of pages: 32 Posted: 20 Apr 2004
Jay C. Hartzell, Crocker H. Liu and Jarl G. Kallberg
University of Texas at Austin - Department of Finance, Arizona State University and New York University (NYU) - Department of Finance
Downloads 420 (71,532)
Citation 5

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IPOs, REITs

17.

Getting the Incentives Right: Backfilling and Biases in Executive Compensation Data

Review of Financial Studies, Forthcoming
Number of pages: 59 Posted: 09 Apr 2013 Last Revised: 02 Mar 2017
Stuart Gillan, Jay C. Hartzell, Andrew Koch and Laura T. Starks
University of Georgia - Department of Finance, University of Texas at Austin - Department of Finance, University of Pittsburgh - Finance Group and University of Texas at Austin - Department of Finance
Downloads 377 (81,108)
Citation 4

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executive compensation

18.

Institutional Investors as Monitors of Corporate Diversification Decisions: Evidence from Real Estate Investment Trusts

Number of pages: 36 Posted: 10 Oct 2011 Last Revised: 10 Aug 2012
Jay C. Hartzell, Libo Sun and Sheridan Titman
University of Texas at Austin - Department of Finance, California State Polytechnic University, Pomona - Finance, Real Estate and Law Department and University of Texas at Austin - Department of Finance
Downloads 211 (149,989)
Citation 12

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Diversification, Corporate Governance, Institutional Investors, REITs

19.

Incentive Compensation and the Likelihood of Termination: Theory and Evidence from Real Estate Organizations

Downloads 180 (173,628)
Citation 4

Incentive Compensation and the Likelihood of Termination: Theory and Evidence from Real Estate Organizations

Number of pages: 51 Posted: 19 Apr 2008 Last Revised: 08 Feb 2010
Greg Hallman, Jay C. Hartzell and Christopher A. Parsons
University of Texas at Austin - Department of Finance, University of Texas at Austin - Department of Finance and Foster School of Business, University of Washington
Downloads 177 (176,209)

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Executive Compensation, Agency Costs, Corporate Governance, REITs, RELPs

Incentive Compensation and the Likelihood of Termination: Theory and Evidence from Real Estate Organizations

Real Estate Economics, Vol. 39, Issue 3, pp. 507-546, 2011
Number of pages: 40 Posted: 17 Aug 2011
Greg Hallman, Jay C. Hartzell and Christopher A. Parsons
University of Texas at Austin - Department of Finance, University of Texas at Austin - Department of Finance and Foster School of Business, University of Washington
Downloads 3 (683,293)
Citation 1
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Incentive Compensation and the Likelihood of Termination: Theory and Evidence from Real Estate Organizations

Real Estate Economics, Forthcoming
Posted: 31 Aug 2010 Last Revised: 15 Sep 2011
Greg Hallman, Jay C. Hartzell and Christopher A. Parsons
University of Texas at Austin - Department of Finance, University of Texas at Austin - Department of Finance and Foster School of Business, University of Washington

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Agency, Governance, Compensation, REITs, RELPs

20.

The Impact of the Likelihood of Turnover on Executive Compensation

NYU Working Paper No. FIN-98-090
Number of pages: 53 Posted: 11 Nov 2008
Jay C. Hartzell
University of Texas at Austin - Department of Finance
Downloads 132 (225,078)

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Compensation, Executive turnover, Agency problems, Optimal contracts

21.

What S in it for Me? Ceos Whose Firms are Acquired

NYU Working Paper No. FIN-01-049
Number of pages: 37 Posted: 03 Nov 2008
Jay C. Hartzell, Eli Ofek and David Yermack
University of Texas at Austin - Department of Finance, New York University (NYU) - Department of Finance and New York University (NYU) - Stern School of Business
Downloads 129 (229,068)
Citation 9

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22.

Optimal Compensation Contracts with Pay-for-Performance and Termination Incentives

NYU Working Paper No. FIN-99-053
Number of pages: 50 Posted: 11 Nov 2008
Greg Hallman and Jay C. Hartzell
University of Texas at Austin - Department of Finance and University of Texas at Austin - Department of Finance
Downloads 91 (292,329)

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23.

What S in it for Me? Personal Benefits Obtained by Ceos Whose Firms are Acquired

NYU Working Paper No. FIN-00-013
Number of pages: 33 Posted: 03 Nov 2008
Jay C. Hartzell, Eli Ofek and David Yermack
University of Texas at Austin - Department of Finance, New York University (NYU) - Department of Finance and New York University (NYU) - Stern School of Business
Downloads 45 (420,634)

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24.

The Effect of Corporate Governance on Investment: Evidence from Real Estate Investment Trusts

Real Estate Economics, Vol. 34, No. 3, pp. 343-376, Fall 2006
Number of pages: 34 Posted: 20 Nov 2006
Jay C. Hartzell, Libo Sun and Sheridan Titman
University of Texas at Austin - Department of Finance, California State Polytechnic University, Pomona - Finance, Real Estate and Law Department and University of Texas at Austin - Department of Finance
Downloads 29 (489,754)
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25.

Alternative Benchmarks for Evaluating Mutual Fund Performance

Real Estate Economics, Vol. 38, Issue 1, pp. 121-154, Spring 2010
Number of pages: 34 Posted: 22 Feb 2010
Jay C. Hartzell, Tobias Mühlhofer and Sheridan Titman
University of Texas at Austin - Department of Finance, affiliation not provided to SSRN and University of Texas at Austin - Department of Finance
Downloads 2 (662,745)
Citation 2
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