Maurice D. Levi

University of British Columbia (UBC) - Sauder School of Business

Bank of Montreal Professor of International Financ

2053 Main Mall

Henry Angus 865

Vancouver BC V6T 1Z2

Canada

SCHOLARLY PAPERS

23

DOWNLOADS
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9,450

CITATIONS
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Top 2,969

in Total Papers Citations

186

Scholarly Papers (23)

1.
Downloads 2,586 ( 3,549)
Citation 80

Winter Blues: A SAD Stock Market Cycle

Federal Reserve Bank of Atlanta Working Paper No. 2002-13a, Sauder School of Business Working Paper
Number of pages: 37 Posted: 07 Mar 2000
Mark J. Kamstra, Lisa A. Kramer and Maurice D. Levi
York University - Schulich School of Business, University of Toronto - Rotman School of Management and University of British Columbia (UBC) - Sauder School of Business
Downloads 2,586 (3,470)
Citation 80

Abstract:

Stock returns, seasonality, behavioral finance, seasonal affective disorder, SAD, depression

Winter Blues: A SAD Stock Market Cycle

American Economic Review, March 2003
Posted: 12 Dec 2002
Mark J. Kamstra, Lisa A. Kramer and Maurice D. Levi
York University - Schulich School of Business, University of Toronto - Rotman School of Management and University of British Columbia (UBC) - Sauder School of Business

Abstract:

stock returns, seasonality, behavioral finance, seasonal affective disorder, SAD, depression

2.
Downloads 1,372 ( 10,417)
Citation 10

Seasonal Variation in Treasury Returns

Rotman School of Management Working Paper No. 1076644
Number of pages: 51 Posted: 20 Dec 2007 Last Revised: 29 Jan 2014
Mark J. Kamstra, Lisa A. Kramer and Maurice D. Levi
York University - Schulich School of Business, University of Toronto - Rotman School of Management and University of British Columbia (UBC) - Sauder School of Business
Downloads 1,372 (10,210)
Citation 10

Abstract:

Treasury bond returns, Treasury note returns, market seasonality, time-varying risk aversion, SAD

Seasonal Variation in Treasury Returns

Critical Finance Review, 4(1), 45-115, 2015, Rotman School of Management Working Paper No. 2620912
Posted: 21 Jun 2015
Mark J. Kamstra, Lisa A. Kramer and Maurice D. Levi
York University - Schulich School of Business, University of Toronto - Rotman School of Management and University of British Columbia (UBC) - Sauder School of Business

Abstract:

Treasury bond returns, Treasury note returns, Market seasonality, Time-varying risk aversion

3.
Downloads 1,101 ( 14,809)
Citation 43

Losing Sleep at the Market: The Daylight-Savings Anomaly

Sauder School of Business Working Paper
Number of pages: 20 Posted: 29 Feb 2000
Mark J. Kamstra, Lisa A. Kramer and Maurice D. Levi
York University - Schulich School of Business, University of Toronto - Rotman School of Management and University of British Columbia (UBC) - Sauder School of Business
Downloads 1,101 (14,510)
Citation 43

Abstract:

Losing Sleep at the Market: The Daylight-Savings Anomaly

American Economic Review, September 2000
Posted: 29 Feb 2000
Mark J. Kamstra, Lisa A. Kramer and Maurice D. Levi
York University - Schulich School of Business, University of Toronto - Rotman School of Management and University of British Columbia (UBC) - Sauder School of Business

Abstract:

4.

Seasonal Asset Allocation: Evidence from Mutual Fund Flows

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 127 Posted: 17 Nov 2011 Last Revised: 04 Sep 2015
York University - Schulich School of Business, University of Toronto - Rotman School of Management, University of British Columbia (UBC) - Sauder School of Business and University of Maryland - Robert H. Smith School of Business
Downloads 1,061 (15,659)
Citation 5

Abstract:

household finance, mutual fund flow seasonality, net exchanges, net flows, sentiment, time-varying risk aversion, risk tolerance

5.

Mergers and Acquisitions: The Role of Gender

Number of pages: 47 Posted: 22 Apr 2008 Last Revised: 08 Sep 2009
Maurice D. Levi, Kai Li and Feng Zhang
University of British Columbia (UBC) - Sauder School of Business, University of British Columbia (UBC) - Sauder School of Business and University of Utah - Department of Finance
Downloads 622 (25,927)
Citation 10

Abstract:

bid premium, CEO and director gender, cumulative abnormal announcement period return, independent versus inside female directors, mergers and acquisitions

Born Leaders: The Relative-Age Effect and Managerial Success

Number of pages: 46 Posted: 06 Jul 2008 Last Revised: 21 Sep 2009
Qianqian Du, Huasheng Gao and Maurice D. Levi
Hong Kong Polytechnic University, Nanyang Technological University and University of British Columbia (UBC) - Sauder School of Business
Downloads 319 (76,427)
Citation 1

Abstract:

Relative age, CEO birthdate, corporate performance

Born Leaders: The Relative-Age Effect and Managerial Success

AFA 2011 Denver Meetings Paper
Number of pages: 38 Posted: 19 Mar 2009 Last Revised: 16 Mar 2010
Qianqian Du, Huasheng Gao and Maurice D. Levi
Hong Kong Polytechnic University, Nanyang Technological University and University of British Columbia (UBC) - Sauder School of Business
Downloads 270 (92,209)
Citation 1

Abstract:

Relative-age, CEO birthdate, corporate performance

7.

Director Gender and Mergers and Acquisitions

Number of pages: 44 Posted: 09 May 2012 Last Revised: 08 Nov 2013
Maurice D. Levi, Kai Li and Feng Zhang
University of British Columbia (UBC) - Sauder School of Business, University of British Columbia (UBC) - Sauder School of Business and University of Utah - Department of Finance
Downloads 325 (52,178)
Citation 10

Abstract:

director gender, bid initiation, bid premium, mergers and acquisitions, overconfidence, risk aversion

8.

Seasonality in Equilibrium Stock Returns: A Dynamic Perspective on SAD

Sauder School of Business Working Paper
Number of pages: 34 Posted: 24 Jul 2004
Xifeng Diao and Maurice D. Levi
University of Calgary - Haskayne School of Business and University of British Columbia (UBC) - Sauder School of Business
Downloads 296 (81,406)
Citation 1

Abstract:

Seasonality, Asset Pricing, Behavioral Finance, Daylight Stock Return Cycle

9.

Deal or No Deal: Hormones and the Mergers and Acquisitions Game

Number of pages: 46 Posted: 22 Mar 2009 Last Revised: 17 Sep 2010
Maurice D. Levi, Kai Li and Feng Zhang
University of British Columbia (UBC) - Sauder School of Business, University of British Columbia (UBC) - Sauder School of Business and University of Utah - Department of Finance
Downloads 263 (88,351)
Citation 6

Abstract:

mergers and acquisitions, male dominance seeking, CEO testosterone, bid initiation, bid withdrawal, tender offers

10.

A Careful Re-Examination of Seasonality in International Stock Markets: Comment on Sentiment and Stock Returns

Rotman School of Management Working Paper No. 1668984
Number of pages: 58 Posted: 11 Aug 2011 Last Revised: 10 Oct 2011
Mark J. Kamstra, Lisa A. Kramer and Maurice D. Levi
York University - Schulich School of Business, University of Toronto - Rotman School of Management and University of British Columbia (UBC) - Sauder School of Business
Downloads 188 (127,926)
Citation 3

Abstract:

SAD, seasonal affective disorder, seasonal depression, stock market cycles, return seasonality

International Trade and the Connection between Excess Demand and Inflation

Review of International Economics, Vol. 13, No. 4, pp. 699-708, September 2005
Number of pages: 14 Posted: 24 May 2006 Last Revised: 30 May 2015
Albert S. Dexter, Maurice D. Levi and Barrie R. Nault
University of British Columbia (UBC) - Sauder School of Business, University of British Columbia (UBC) - Sauder School of Business and University of Calgary - Haskayne School of Business
Downloads 137 (175,406)
Citation 3

Abstract:

International Trade and the Connection between Excess Demand and Inflation

Review of International Economics, Vol. 13, No. 4, pp. 699-708, September 2005
Number of pages: 10 Posted: 01 Nov 2005
Albert S. Dexter, Maurice D. Levi and Barrie R. Nault
University of British Columbia (UBC) - Sauder School of Business, University of British Columbia (UBC) - Sauder School of Business and University of Calgary - Haskayne School of Business
Downloads 26 (425,002)
Citation 3

Abstract:

12.

Men are from Mars, Women are from Venus: Gender and Mergers and Acquisitions

Number of pages: 33 Posted: 15 Mar 2011
Maurice D. Levi, Kai Li and Feng Zhang
University of British Columbia (UBC) - Sauder School of Business, University of British Columbia (UBC) - Sauder School of Business and University of Utah - Department of Finance
Downloads 159 (112,923)
Citation 1

Abstract:

13.

Risk Homeostasis and Corporate Acquisitions

Number of pages: 35 Posted: 12 Aug 2010 Last Revised: 01 Oct 2012
Maurice D. Levi, Kai Li and Feng Zhang
University of British Columbia (UBC) - Sauder School of Business, University of British Columbia (UBC) - Sauder School of Business and University of Utah - Department of Finance
Downloads 61 (265,582)

Abstract:

Mergers and Acquisitions, Return Correlation, Risk Dynamics, Risk Homeostasis

14.

Are Women More Likely to Seek Advice than Men? Evidence from the Boardroom

Journal of Risk and Financial Management, Vol. 8, pp. 127-149, 2015, DOI: 10.3390/jrfm8010127
Number of pages: 23 Posted: 13 Feb 2015 Last Revised: 14 Feb 2015
Maurice D. Levi, Kai Li and Feng Zhang
University of British Columbia (UBC) - Sauder School of Business, University of British Columbia (UBC) - Sauder School of Business and University of Utah - Department of Finance
Downloads 58 (220,004)

Abstract:

seeking advice; financial advisors; director gender; overconfidence; takeovers

Seasonally Varying Preferences: Theoretical Foundations for an Empirical Regularity

AFA 2012 Chicago Meetings Paper
Number of pages: 61 Posted: 23 Mar 2011 Last Revised: 31 Jan 2014
Mark J. Kamstra, Lisa A. Kramer, Maurice D. Levi and Tan Wang
York University - Schulich School of Business, University of Toronto - Rotman School of Management, University of British Columbia (UBC) - Sauder School of Business and University of British Columbia (UBC) - Division of Finance
Downloads 50 (331,986)
Citation 3

Abstract:

Time-varying preferences, time-varying expected returns, stock returns, SAD, Treasury-bill returns, equity premium

Seasonally Varying Preferences: Theoretical Foundations for an Empirical Regularity

Review of Asset Pricing Studies, Vol. 4, No. 1, pp. 39-77, 2014
Posted: 16 May 2014 Last Revised: 20 May 2014
Mark J. Kamstra, Lisa A. Kramer, Maurice D. Levi and Tan Wang
York University - Schulich School of Business, University of Toronto - Rotman School of Management, University of British Columbia (UBC) - Sauder School of Business and University of British Columbia (UBC) - Division of Finance

Abstract:

16.

The Law of One Price in Unfamiliar Places: The Case of International Real Estate

Number of pages: 36 Posted: 13 Nov 2011
Thomas Ruf and Maurice D. Levi
University of New South Wales (UNSW) and University of British Columbia (UBC) - Sauder School of Business
Downloads 41 (318,026)

Abstract:

exchange rates, international real estate, law of one price, one-way arbitrage

17.

Doing Away with Anonymous Money: Gains and Losses of Canadian Governments from Elimination of Banknotes and Coins

Number of pages: 17 Posted: 18 Sep 2011
Maurice D. Levi
University of British Columbia (UBC) - Sauder School of Business
Downloads 37 (364,713)

Abstract:

18.

Arbitrage in Unfamiliar Places: The International Residential Real Estate Market

Number of pages: 36 Posted: 15 Mar 2012 Last Revised: 14 Oct 2012
Maurice D. Levi and Thomas Ruf
University of British Columbia (UBC) - Sauder School of Business and University of New South Wales (UNSW)
Downloads 28 (351,270)

Abstract:

exchange rates, international real estate, law-of-one-price, one-way arbitrage

19.

Sticky Prices: The Impact of Regulation

Journal of Monetary Economics, 49 (2002) 797-821
Number of pages: 34 Posted: 18 Sep 2015
Albert S. Dexter, Maurice D. Levi and Barrie R. Nault
University of British Columbia (UBC) - Sauder School of Business, University of British Columbia (UBC) - Sauder School of Business and University of Calgary - Haskayne School of Business
Downloads 2 (474,829)
Citation 7

Abstract:

Price stickiness, Money supply, Granger causation, Impulse response

20.

Freely Determined Versus Regulated Prices: Implications for the Link between Money and Inflation

Journal of Money, Credit and Banking, 25, 2 (May 1993), 222-231
Posted: 29 Aug 2016
Albert S. Dexter, Maurice D. Levi and Barrie R. Nault
University of British Columbia (UBC) - Sauder School of Business, University of British Columbia (UBC) - Sauder School of Business and University of Calgary - Haskayne School of Business

Abstract:

21.

Converting Technology to Mitigate Environmental Damage

Management Science, 50, 8 (August 2004), 1015-1030
Number of pages: 16 Posted: 27 Aug 2016
Maurice D. Levi and Barrie R. Nault
University of British Columbia (UBC) - Sauder School of Business and University of Calgary - Haskayne School of Business
Downloads 0 (522,862)
Citation 3

Abstract:

technology conversion, environmental management, taxes and subsidies, capital vintage, incentives

22.

Is it the Weather? Comment

Journal of Banking and Finance, Forthcoming, Rotman School of Management Working Paper No. 1317939
Posted: 19 Dec 2008 Last Revised: 26 Jan 2009
Mark J. Kamstra, Lisa A. Kramer and Maurice D. Levi
York University - Schulich School of Business, University of Toronto - Rotman School of Management and University of British Columbia (UBC) - Sauder School of Business

Abstract:

Seasonal affective disorder, SAD, Sell in May, Stock market cycles, Return seasonality

23.

Index-Induced Errors and Purchasing Power Parity: Bounding the Possible Bias

JOURNAL OF INTERNATIONAL FINANCIAL MARKETS, INSTITUTIONS & MONEY, Vol 5 (2/3) 1995
Posted: 24 Aug 1998
Sandra Betton, Maurice D. Levi and Raman Uppal
Concordia University, Quebec - Department of Finance, University of British Columbia (UBC) - Sauder School of Business and EDHEC Business School

Abstract: