Art Durnev

University of Iowa - Henry B. Tippie College of Business

Distinguished Chair of Finance

12348 DEWHURST AVE

HENRICO, VA Henrico 23233-7848

United States

SCHOLARLY PAPERS

30

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17,532

SSRN CITATIONS
Rank 809

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Top 809

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1,282

CROSSREF CITATIONS

615

Scholarly Papers (30)

Corporate Social Responsibility and Firm Risk: Theory and Empirical Evidence

CEPR Discussion Paper No. DP9533
Number of pages: 49 Posted: 09 Jul 2013 Last Revised: 07 Nov 2019
Boston College, Carroll School of Management, University of Iowa - Henry B. Tippie College of Business and Haskayne School of Business, University of Calgary
Downloads 1 (1,211,172)
Citation 91
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beta, corporate social responsibility, firm value, industry equilibrium, product differentiation, systematic risk

The Real Effects of Political Uncertainty: Elections and Investment Sensitivity to Stock Prices

Number of pages: 55 Posted: 08 Feb 2010 Last Revised: 25 Dec 2010
Art Durnev
University of Iowa - Henry B. Tippie College of Business
Downloads 2,441 (11,175)
Citation 64

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Political Uncertainty, Elections, Information Asymmetry, Capital Allocation

The Real Effects of Political Uncertainty: Elections and Investment Sensitivity to Stock Prices

Paris December 2010 Finance Meeting EUROFIDAI - AFFI
Number of pages: 55 Posted: 22 Oct 2010 Last Revised: 25 Dec 2010
Art Durnev
University of Iowa - Henry B. Tippie College of Business
Downloads 842 (54,927)
Citation 65

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political uncertainty, elections, information asymmetry, capital allocation

To Steal or Not to Steal: Firm Attributes, Legal Environment, and Valuation

Number of pages: 62 Posted: 29 Apr 2003
Art Durnev and E. Han Kim
University of Iowa - Henry B. Tippie College of Business and University of Michigan, Stephen M. Ross School of Business
Downloads 1,573 (22,346)
Citation 46

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Corporate governance, investment opportunities, external financing

To Steal or Not to Steal: Firm Attributes, Legal Environment, and Valuation

Number of pages: 62 Posted: 26 Jul 2002
Art Durnev and E. Han Kim
University of Iowa - Henry B. Tippie College of Business and University of Michigan, Stephen M. Ross School of Business
Downloads 1,157 (35,103)
Citation 120

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Corporate Governance, External Financing, Valuation

To Steal or Not to Steal: Firm Attributes, Legal Environment, and Valuation

Posted: 09 Apr 2004
Art Durnev and E. Han Kim
University of Iowa - Henry B. Tippie College of Business and University of Michigan, Stephen M. Ross School of Business

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Corporate Governance, Investment Opportunities, External Financing, Ownership, Legal Environment, Valuation

Expropriation Risk and Firm Growth: A Corporate Transparency Channel

Number of pages: 53 Posted: 11 Oct 2007 Last Revised: 10 May 2011
Art Durnev and Sergei Guriev
University of Iowa - Henry B. Tippie College of Business and Institut d'Etudes Politiques de Paris (Sciences Po)
Downloads 883 (51,452)
Citation 2

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resource curse, expropriation, transparency, investment efficiency, growth

Expropriation Risk and Firm Growth: A Corporate Transparency Channel

Number of pages: 53 Posted: 29 Dec 2008 Last Revised: 11 May 2011
Art Durnev and Sergei Guriev
University of Iowa - Henry B. Tippie College of Business and Institut d'Etudes Politiques de Paris (Sciences Po)
Downloads 312 (183,620)
Citation 7

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Resource Curse, Expropriation, Politics and Finance, Corporate Transparency and Disclosure, Investment Efficiency, Industry Growth

The Resource Curse: A Corporate Transparency Channel

CEPR Discussion Paper No. DP6547
Number of pages: 66 Posted: 06 Jun 2008
Art Durnev and Sergei Guriev
University of Iowa - Henry B. Tippie College of Business and Institut d'Etudes Politiques de Paris (Sciences Po)
Downloads 2 (1,199,772)
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Autocracy, Expropriation, Industry Growth, Investment Efficiency, Oil Reserves, Property rights, Resource Curse, Transparency and Disclosure

Does Greater Firm-Specific Return Variation Mean More or Less Informed Stock Pricing?

Number of pages: 64 Posted: 14 Jun 2001
University of Iowa - Henry B. Tippie College of Business, University of Alberta - Department of Finance and Statistical Analysis, National University of Singapore - Business School and New York University (NYU) - Department of Accounting
Downloads 878 (51,842)
Citation 7

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Stock price informativeness; Functional efficiency

Does Greater Firm-Specific Return Variation Mean More or Less Informed Stock Pricing?

NYU Working Paper No. 2451/27594
Number of pages: 64 Posted: 09 Oct 2008
University of Iowa - Henry B. Tippie College of Business, University of Alberta - Department of Finance and Statistical Analysis, National University of Singapore - Business School and New York University (NYU) - Department of Accounting
Downloads 131 (410,912)
Citation 23

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Does Greater Firm-Specific Return Variation Mean More or Less Informed Stock Pricing?

Posted: 17 Oct 2003
University of Iowa - Henry B. Tippie College of Business, University of Alberta - Department of Finance and Statistical Analysis, National University of Singapore - Business School and New York University (NYU) - Department of Accounting

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Does Greater Firm-Specific Return Variation Mean More or Less Informed Stock Pricing?

Journal of Accounting Research 41(5)797, 2003, University of Alberta School of Business Research Paper No. 2013-614
Posted: 07 Jun 2013
University of Iowa - Henry B. Tippie College of Business, University of Alberta - Department of Finance and Statistical Analysis, National University of Singapore - Business School and New York University (NYU) - Department of Accounting

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Political Uncertainty and IPO Activity: Evidence from U.S. Gubernatorial Elections

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 76 Posted: 20 Jun 2013 Last Revised: 13 Aug 2016
Gonul Colak, Art Durnev and Yiming Qian
University of Sussex, University of Iowa - Henry B. Tippie College of Business and University of Connecticut - Department of Finance
Downloads 978 (45,365)
Citation 108

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political uncertainty, initial public offerings, gubernatorial elections, IPO pricing

7.
Downloads 962 (46,397)
Citation 103

Precarious Politics and Return Volatility

Number of pages: 49 Posted: 18 Dec 2008 Last Revised: 28 Jul 2011
University of Edinburgh, University of Houston - C.T. Bauer College of Business, University of Iowa - Henry B. Tippie College of Business and Massey University
Downloads 807 (58,210)
Citation 9

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Politics, Volatility

Precarious Politics and Return Volatility

Review of Financial Studies, Forthcoming
Number of pages: 49 Posted: 27 Jul 2011
University of Edinburgh, University of Iowa - Henry B. Tippie College of Business, University of Houston - C.T. Bauer College of Business and Massey University
Downloads 155 (358,522)
Citation 16

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Stealing from Thieves: Expropriation Risk, Firm Governance, and Performance

2nd Annual Conference on Empirical Legal Studies Paper
Number of pages: 46 Posted: 15 Mar 2007 Last Revised: 14 Nov 2011
Art Durnev and Larry Fauver
University of Iowa - Henry B. Tippie College of Business and University of Tennessee, Knoxville - Department of Finance
Downloads 873 (53,040)
Citation 19

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Expropriation, Governance, Disclosure, and Valuation

9.

The Real Effects of Disclosure Tone: Evidence from Restatements

Number of pages: 55 Posted: 31 Jul 2010 Last Revised: 09 Mar 2012
Art Durnev and Claudine Mangen
University of Iowa - Henry B. Tippie College of Business and Concordia University, Montreal - John Molson School of Business
Downloads 785 (61,348)
Citation 6

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language tone, restatements, investment

Does Firm-Specific Information in Stock Prices Guide Capital Allocation?

Number of pages: 67 Posted: 11 Jan 2001
University of Iowa - Henry B. Tippie College of Business, University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School
Downloads 705 (69,537)
Citation 1

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Capital allocation; Capital budgeting; Corporate investment policy; External financing; Firm-specific variation; Lemons problem; Stock market efficiency; Tobin's q

Does Firm-Specific Information in Stock Prices Guide Capital Allocation?

NBER Working Paper No. w8093
Number of pages: 67 Posted: 19 Jan 2001 Last Revised: 14 Aug 2022
University of Alberta - Department of Finance and Statistical Analysis, National University of Singapore - Business School and University of Iowa - Henry B. Tippie College of Business
Downloads 76 (600,176)

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11.

Capital Markets and Capital Allocation: Implications for Economies in Transition

Number of pages: 62 Posted: 17 Dec 2001
University of Iowa - Henry B. Tippie College of Business, University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School
Downloads 738 (66,548)
Citation 19

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Transition economies, capital markets, economic growth

Does Insider Trading Regulation Deter Private Information Trading? International Evidence

Number of pages: 37 Posted: 15 Jan 2007
Art Durnev and Amrita Nain
University of Iowa - Henry B. Tippie College of Business and University of Iowa - Henry B. Tippie College of Business
Downloads 421 (131,707)
Citation 8

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Insider trading regulation, ownership wedge, private information trading, earnings opacity

Does Insider Trading Regulation Deter Private Information Trading? International Evidence

Pacific-Basin Finance Journal, Forthcoming
Number of pages: 37 Posted: 23 Dec 2006
Art Durnev and Amrita Nain
University of Iowa - Henry B. Tippie College of Business and University of Iowa - Henry B. Tippie College of Business
Downloads 175 (322,555)

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Insider trading regulation, Ownership wedge, Private information trading, Earnings opacity

Law, Share Price Accuracy and Economic Performance: The New Evidence

Number of pages: 70 Posted: 08 Oct 2003
Columbia University - Law School, University of Iowa - Henry B. Tippie College of Business, University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School
Downloads 569 (91,373)
Citation 24

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Capital Allocation, Stock Price Informativeness, Disclosure, Regulation

Law, Share Price Accuracy and Economic Performance: The New Evidence

Posted: 08 Oct 2003
Columbia University - Law School, University of Iowa - Henry B. Tippie College of Business, University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School

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Capital Allocation, Stock Price Informativeness, Disclosure, Regulation

14.
Downloads 401 (140,730)
Citation 67

Corporate Investments: Learning from Restatements

Number of pages: 53 Posted: 29 Mar 2008 Last Revised: 06 Nov 2008
Art Durnev and Claudine Mangen
University of Iowa - Henry B. Tippie College of Business and Concordia University, Montreal - John Molson School of Business
Downloads 355 (159,894)
Citation 1

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restatements, investment efficiency

Corporate Investments: Learning from Restatements

Number of pages: 55 Posted: 27 Apr 2009
Art Durnev and Claudine Mangen
University of Iowa - Henry B. Tippie College of Business and Concordia University, Montreal - John Molson School of Business
Downloads 46 (772,671)
Citation 41

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Corporate Investments: Learning from Restatements

Journal of Accounting Research, Forthcoming
Posted: 04 Nov 2008
Art Durnev and Claudine Mangen
University of Iowa - Henry B. Tippie College of Business and Concordia University, Montreal - John Molson School of Business

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restatements, accounting information, investments

Foreign Risk - Domestic Problem: Capital Allocation and Performance under Political Instability

Pace University Finance Research Paper No. 2012/07
Number of pages: 49 Posted: 11 May 2012 Last Revised: 27 Aug 2019
Pace University-Lubin School of Business, University of Iowa - Henry B. Tippie College of Business and Massey University
Downloads 260 (221,860)

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Capital Allocation, Political Risk, International Trade

Foreign Risk - Domestic Problem: Trade, Politics, and Capital Allocation

Pace University Finance Research Paper No. 2011/07
Number of pages: 43 Posted: 02 Sep 2011 Last Revised: 27 Aug 2019
University of Iowa - Henry B. Tippie College of Business, Pace University-Lubin School of Business and Massey University
Downloads 117 (451,221)

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Property Rights Protection, Corporate Transparency, and Growth

Number of pages: 55 Posted: 15 Nov 2008 Last Revised: 02 Jul 2009
University of Iowa - Henry B. Tippie College of Business, McGill University - Desautels Faculty of Management and Massey University
Downloads 193 (295,126)
Citation 1

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expropriation, transparency, investment

Property Rights Protection, Corporate Transparency, and Growth

Number of pages: 47 Posted: 25 Feb 2009
University of Iowa - Henry B. Tippie College of Business, McGill University - Desautels Faculty of Management and Massey University
Downloads 138 (394,121)
Citation 8

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Transparency, Investment Efficiency, Growth, Property Rights

Property Rights Protection, Corporate Transparency, and Growth

Journal of International Business Studies, Forthcoming
Posted: 08 Jul 2009
University of Iowa - Henry B. Tippie College of Business, McGill University - Desautels Faculty of Management and Massey University

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17.

The Spillover Effects of MD&A Disclosures for Real Investment: The Role of Industry Competition

Journal of Accounting and Economics, Forthcoming
Number of pages: 77 Posted: 24 Oct 2019
Art Durnev and Claudine Mangen
University of Iowa - Henry B. Tippie College of Business and Concordia University, Montreal - John Molson School of Business
Downloads 297 (194,898)
Citation 28

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spillover effects, disclosures, competition, investment, investment efficiency

18.

Politics, Instability, and Composition of International Investment Flows

Number of pages: 44 Posted: 13 Feb 2009 Last Revised: 11 Dec 2014
University of Iowa - Henry B. Tippie College of Business, New Economic SchoolInstitute of Political Economy and Governance, Institute for Political Economy and Governance, Barcelona and University of Michigan Law School
Downloads 293 (197,621)
Citation 3

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international investment flows, political instability, FDI, majority-owned investment

19.

Events and Price Adjustment Accuracy: Evidence from Post-IPO Market

Number of pages: 45 Posted: 16 Jun 2008 Last Revised: 04 Aug 2009
Pat Akey, Art Durnev and Alexander Molchanov
University of Toronto - Rotman School of Management, University of Iowa - Henry B. Tippie College of Business and Massey University
Downloads 283 (204,807)

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Events, IPO, After-market, Efficiency

20.

Required Line of Business Reporting and Share Price Accuracy

2nd Annual Conference on Empirical Legal Studies Paper
Number of pages: 106 Posted: 09 Jul 2007 Last Revised: 30 Jan 2013
University of Iowa - Henry B. Tippie College of Business, University of Alberta - Department of Finance and Statistical Analysis, Columbia University - Law School and National University of Singapore - Business School
Downloads 176 (321,305)

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law and finance, securities law

21.

The Spillover Effects of MD&A Disclosures for Real Investment: The Role of Product Market Competition

CAAA Annual Conference 2012
Number of pages: 48 Posted: 14 Jan 2012 Last Revised: 21 Feb 2015
Art Durnev and Claudine Mangen
University of Iowa - Henry B. Tippie College of Business and Concordia University, Montreal - John Molson School of Business
Downloads 171 (331,231)

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qualitative disclosures, MD&A, investments

22.

The Real Effects of Managerial Narratives: Evidence from a Quarter-Billion Words

Number of pages: 50 Posted: 20 May 2012
Art Durnev and Claudine Mangen
University of Iowa - Henry B. Tippie College of Business and Concordia University, Montreal - John Molson School of Business
Downloads 168 (334,693)

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MD&A, disclosure, investment

23.

The Spillover Effects of Restatement Tone for Industry Investment

Number of pages: 68 Posted: 20 Jul 2020
Art Durnev and Claudine Mangen
University of Iowa - Henry B. Tippie College of Business and Concordia University, Montreal - John Molson School of Business
Downloads 158 (352,667)

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Restatements; Tone; Spillover Effects; Industry Investment

24.

Disaster Risk, Politicians, and Firm Capital Exuding: A New Role of Stock Market Participation

Number of pages: 32 Posted: 23 Aug 2021
Art Durnev and Brooke Wang
University of Iowa - Henry B. Tippie College of Business and Miami University of Ohio - Richard T. Farmer School of Business Administration
Downloads 137 (395,518)

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disaster risk, politics, firm investment

25.

Foreign Risk - Domestic Problem: Trade, Capital Allocation, and Performance Under Political Uncertainty

Pace University Finance Research Paper No. 2012/04
Number of pages: 46 Posted: 24 Feb 2012 Last Revised: 27 Aug 2019
Pace University-Lubin School of Business, University of Iowa - Henry B. Tippie College of Business and Massey University
Downloads 92 (531,446)

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Capital Allocation, Political Risk, International Trade

26.

Privatization and Natural Advantage

Number of pages: 53 Posted: 09 Aug 2015 Last Revised: 11 Aug 2015
HEC Montreal, University of Iowa - Henry B. Tippie College of Business and HEC Montreal
Downloads 80 (574,993)

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Privatization, natural advantage, rent-seeking, agglomeration economies

27.

State Ownership and Financial Reporting Quality: Evidence from Natural Advantage Industries

Number of pages: 69 Posted: 14 May 2023
American University of Sharjah - School of Business and Management, University of Iowa - Henry B. Tippie College of Business and HEC Montreal
Downloads 51 (722,281)

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Privatization, natural advantage, rent-seeking, resource extraction

28.

The Role of Leverage Targeting in Capital Structure Policies of U.S. Firms

Number of pages: 33 Posted: 08 Dec 2023
Art Durnev and Igor Osobov
University of Iowa - Henry B. Tippie College of Business and Michigan State University - Eli Broad College of Business
Downloads 15 (1,025,163)

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Capital Structure; Speed of Adjustment; Target Leverage

29.

Value Enhancing Capital Budgeting & Firm-Specific Stock Returns Variation

Journal of Finance, Vol. 59, No. 1, 2004, University of Alberta School of Business Research Paper No. 2013-611
Posted: 06 Jun 2013
University of Iowa - Henry B. Tippie College of Business, University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School

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30.

Value Enhancing Capital Budgeting and Firm-Specific Stock Returns Variation

Posted: 17 Oct 2003
University of Iowa - Henry B. Tippie College of Business, University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School

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Other Papers (2)

Total Downloads: 195
1.

Beyond Tax Avoidance: Offshore Firms’ Institutional Environment and Financial Reporting Quality

Journal of Business Finance and Accounting 44 (5-6): 646-696
Number of pages: 51 Posted: 05 Jan 2010 Last Revised: 17 May 2017
Art Durnev, TieMei Li and Michel Magnan
University of Iowa - Henry B. Tippie College of Business, University of Ottawa - School of Management and Concordia University - Department of Accountancy
Downloads 159 (879,805)

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Offshore Financial Centers, financial reporting quality, earnings management

2.

Are Offshore Firms Worth More?

Durnev, Li, and Magnan, Journal of Corporate Finance, Vol. 36, 2016
Number of pages: 50 Posted: 15 Mar 2012 Last Revised: 24 Nov 2017
Art Durnev, TieMei Li and Michel Magnan
University of Iowa - Henry B. Tippie College of Business, University of Ottawa - School of Management and Concordia University - Department of Accountancy
Downloads 36 (189,089)

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Offshore Financial Centers, Firm Value, Information Asymmetry, Agency costs