Murray Carlson

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

Assistant Professor of Finance

2053 Main Mall

Vancouver, BC V6T 1Z2

Canada

SCHOLARLY PAPERS

15

DOWNLOADS
Rank 6,969

SSRN RANKINGS

Top 6,969

in Total Papers Downloads

7,720

SSRN CITATIONS
Rank 3,521

SSRN RANKINGS

Top 3,521

in Total Papers Citations

273

CROSSREF CITATIONS

105

Scholarly Papers (15)

1.

Corporate Investment and Asset Price Dynamics: Implications for SEO Event Studies and Long-Run Performance

7th Annual Texas Finance Festival Paper, Sauder School of Business Working Paper
Number of pages: 33 Posted: 16 May 2005
Murray Carlson, Adlai J. Fisher and Ron Giammarino
University of British Columbia (UBC) - Sauder School of Business, University of British Columbia (UBC) - Sauder School of Business and University of British Columbia (UBC) - Sauder School of Business
Downloads 1,012 (26,444)
Citation 78

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Event studies, SEOs, Long-Run Performance, dynamic corporate decisions

2.

Levered Noise and the Limits of Arbitrage Pricing: Implications for the Term Structure of Equity Risk Premia

Number of pages: 52 Posted: 21 Sep 2011 Last Revised: 02 Apr 2019
Arizona State University (ASU) - Finance Department, University of British Columbia (UBC) - Sauder School of Business, University of British Columbia (UBC) - Sauder School of Business and University of Toronto - Rotman School of Management
Downloads 890 (31,813)
Citation 37

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equity risk premium, dividend strips, term structure of equity risk premia, limits to arbitrage, microstructure frictions

3.

Why Constrain Your Mutual Fund Manager?

Sauder School of Business Working Paper
Number of pages: 72 Posted: 23 Aug 2001
University of Texas at Austin - Department of Finance, University of Texas at Austin - Department of Finance, University of British Columbia (UBC) - Sauder School of Business and McIntire School, University of Virginia
Downloads 872 (32,703)
Citation 42

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Mutual Funds, Corporate Governance, Financial Contracting

4.

Leaders, Followers, and Risk Dynamics in Industry Equilibrium

AFA 2007 Chicago Meetings Paper, EFA 2009 Bergen Meetings Paper, Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 47 Posted: 06 Mar 2008 Last Revised: 06 May 2013
University of British Columbia (UBC) - Sauder School of Business, WU Vienna University of Economics and Business (deceased), University of British Columbia (UBC) - Sauder School of Business and University of British Columbia (UBC) - Sauder School of Business
Downloads 790 (37,449)
Citation 5

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Real options, dynamics of firm and industry risk, asset pricing, corporate investment, valuation, cost-of-capital

5.

Conditional Risk and Performance Evaluation: Volatility Timing, Overconditioning, and New Estimates of Momentum Alphas

Journal of Financial Economics (JFE), 102 (2), 363-389, November 2011.
Number of pages: 54 Posted: 04 Jul 2007 Last Revised: 07 May 2013
Arizona State University (ASU) - Finance Department, University of British Columbia (UBC) - Sauder School of Business, University of British Columbia (UBC) - Sauder School of Business and University of Toronto - Rotman School of Management
Downloads 744 (40,632)
Citation 24

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Overconditioning, Conditional CAPM, Performance Evaluation, Momentum

6.
Downloads 725 ( 42,126)
Citation 7

SEO Risk Dynamics

Review of Financial Studies, 23 (11), 4026-4077
Number of pages: 48 Posted: 06 Dec 2005 Last Revised: 07 May 2013
Murray Carlson, Adlai J. Fisher and Ron Giammarino
University of British Columbia (UBC) - Sauder School of Business, University of British Columbia (UBC) - Sauder School of Business and University of British Columbia (UBC) - Sauder School of Business
Downloads 533 (62,075)
Citation 3

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Seasoned Equity Offering, Real Options, Dynamic Risk, Dynamic Beta, Investment Commitment, Time-to-Build, Long Run Event Studies, Abnormal Return

SEO Risk Dynamics

Review of Financial Studies, 23 (11), 4026-4077
Number of pages: 48 Posted: 21 Mar 2007 Last Revised: 07 May 2013
Murray Carlson, Adlai J. Fisher and Ron Giammarino
University of British Columbia (UBC) - Sauder School of Business, University of British Columbia (UBC) - Sauder School of Business and University of British Columbia (UBC) - Sauder School of Business
Downloads 192 (189,137)
Citation 4

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Seasoned Equity Offering, Real Options, Dynamic Risk, Dynamic Beta, Investment

7.

Corporate Investment and Asset Price Dynamics: Implications for the Cross-Section of Returns

AFA 2004 San Diego Meetings, Sauder School of Business Working Paper
Number of pages: 37 Posted: 10 Jun 2003
Murray Carlson, Adlai J. Fisher and Ron Giammarino
University of British Columbia (UBC) - Sauder School of Business, University of British Columbia (UBC) - Sauder School of Business and University of British Columbia (UBC) - Sauder School of Business
Downloads 709 (43,375)
Citation 122

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Cross-Section of Returns, Size Effect, Book-to-Market Effect, Corporate Investment, Real Options, Simulated Method of Moments

8.

Horizon Effects in Average Returns: The Role of Slow Information Diffusion

Number of pages: 57 Posted: 16 Mar 2011 Last Revised: 01 Apr 2015
Arizona State University (ASU) - Finance Department, University of British Columbia (UBC) - Sauder School of Business, University of British Columbia (UBC) - Sauder School of Business and University of Toronto - Rotman School of Management
Downloads 658 (48,009)
Citation 9

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Leverage Choice and Credit Spread Dynamics When Managers Risk Shift

Sauder School of Business Working Paper, AFA 2007 Chicago Meetings Paper, Paris December 2007 Finance International Meeting AFFI-EUROFIDAI Paper
Number of pages: 68 Posted: 17 Mar 2006 Last Revised: 14 Oct 2008
Murray Carlson and Ali Lazrak
University of British Columbia (UBC) - Sauder School of Business and University of British Columbia Sauder School of Business
Downloads 397 (88,629)
Citation 3

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Capital structure, credit spreads, managerial compensation

Leverage Choice and Credit Spread Dynamics When Managers Risk Shift

EFA 2009 Bergen Meetings Paper
Number of pages: 68 Posted: 17 Feb 2009
Murray Carlson and Ali Lazrak
University of British Columbia (UBC) - Sauder School of Business and University of British Columbia (UBC) - Sauder School of Business
Downloads 227 (161,462)
Citation 7

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compensation structure, credit spread, CDS rates, leverage

10.

On Measuring the Economic Significance of Asset Return Predictability

AFA 2002 Atlanta Meetings, Sauder School of Business Working Paper
Number of pages: 70 Posted: 08 Dec 2001
Murray Carlson, Hong Yan, David A. Chapman and Ron Kaniel
University of British Columbia (UBC) - Sauder School of Business, Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF), McIntire School, University of Virginia and University of Rochester - Simon Business School
Downloads 282 (130,459)
Citation 1

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11.

An Equlibrium Analysis of Exhaustible Resource Investments

Sauder School of Business Working Paper
Number of pages: 49 Posted: 07 Feb 2002
Murray Carlson, Zeigham Khokher and Sheridan Titman
University of British Columbia (UBC) - Sauder School of Business, Tulane University and University of Texas at Austin - Department of Finance
Downloads 244 (151,082)

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Exhaustible Resources, Energy

12.

Household Wealth and Portfolio Choice When Tail Events Are Salient

Number of pages: 33 Posted: 21 Sep 2014
Murray Carlson and Ali Lazrak
University of British Columbia (UBC) - Sauder School of Business and University of British Columbia Sauder School of Business
Downloads 95 (325,964)

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behavioral finance, nonstandard preference, portfolio choice

13.

Equilibrium Exhaustible Resource Price Dynamics

NBER Working Paper No. w12000
Number of pages: 61 Posted: 22 Apr 2006 Last Revised: 17 Apr 2021
Murray Carlson, Zeigham Khokher and Sheridan Titman
University of British Columbia (UBC) - Sauder School of Business, Tulane University and University of Texas at Austin - Department of Finance
Downloads 75 (375,885)
Citation 4

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14.

Specification Error, Estimation Risk, and Conditional Portfolio Rules

International Review of Finance, Vol. 17, Issue 2, pp. 263-288, 2017
Number of pages: 26 Posted: 03 Jun 2017
Murray Carlson, David A. Chapman, Ron Kaniel and Hong Yan
University of British Columbia (UBC) - Sauder School of Business, McIntire School, University of Virginia, University of Rochester - Simon Business School and Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF)
Downloads 0 (781,551)
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15.

Asset Return Predictability in a Heterogeneous Agent Equilibrium Model

CEPR Discussion Paper No. DP10328
Number of pages: 57 Posted: 23 Jan 2015
Murray Carlson, David A. Chapman, Ron Kaniel and Hong Yan
University of British Columbia (UBC) - Sauder School of Business, McIntire School, University of Virginia, University of Rochester - Simon Business School and Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF)
Downloads 0 (781,551)
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consumption, equilibrium, excess returns, hedging, predictable

Other Papers (1)

Total Downloads: 7
1.

Household Wealth and Portfolio Choice When Tail Events Are Salient

Number of pages: 49 Posted: 16 Aug 2015
Murray Carlson and Ali Lazrak
University of British Columbia (UBC) - Sauder School of Business and University of British Columbia (UBC) - Sauder School of Business
Downloads 7

Abstract:

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Probability weighting, portfolio choice, Insurance, gambling, rank dependent utility