Alon Brav

Duke University - Fuqua School of Business

Professor of Finance

100 Fuqua Drive

Durham, NC 27708-0120

United States

European Corporate Governance Institute (ECGI)

c/o the Royal Academies of Belgium

Rue Ducale 1 Hertogsstraat

1000 Brussels

Belgium

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

  • Duke University - Fuqua School of Business

    • Email
    • Tel: 919-660-2908
    • Fax: 919-684-2818

  • European Corporate Governance Institute (ECGI)

  • National Bureau of Economic Research (NBER)

SCHOLARLY PAPERS

42

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87,242

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Top 228

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1,432

Scholarly Papers (42)

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1.

The Long-Term Effects of Hedge Fund Activism

Downloads 16,310 ( 530)
Citation 82

The Long-Term Effects of Hedge Fund Activism

Harvard Law School John M. Olin Center Discussion Paper No. 802, Columbia Law Review, Vol. 115, 2015, pp. 1085-1156, Columbia Business School Research Paper No. 13-66
Number of pages: 77 Posted: 07 Aug 2013 Last Revised: 02 Jul 2015
Lucian A. Bebchuk, Alon Brav and Wei Jiang
Harvard Law School, Duke University - Fuqua School of Business and Emory University Goizueta Business School
Downloads 15,978 (544)
Citation 50

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Corporate governance, short-termism, managerial myopia, long-term value, investor horizons, market efficiency, shareholder activism, hedge fund activism, shareholder rights, takeovers, proxy fights, takeover defenses, hedge funds

The Long-Term Effects of Hedge Fund Activism

NBER Working Paper No. w21227
Number of pages: 85 Posted: 08 Jun 2015 Last Revised: 24 Jul 2022
Lucian A. Bebchuk, Alon Brav and Wei Jiang
Harvard Law School, Duke University - Fuqua School of Business and Emory University Goizueta Business School
Downloads 332 (193,393)
Citation 32

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2.

Payout Policy in the 21st Century

Downloads 9,681 ( 1,275)
Citation 101

Payout Policy in the 21st Century

Tuck Contemporary Corporate Finance Issues III Conference Paper
Number of pages: 43 Posted: 03 Aug 2004
Alon Brav, Campbell R. Harvey, John R. Graham and Roni Michaely
Duke University - Fuqua School of Business, Duke University - Fuqua School of Business, Duke University and The University of Hong Kong
Downloads 9,004 (1,430)
Citation 60

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Payout, Dividend policy, Share repurchases, Lintner model

Payout Policy in the 21st Century

NBER Working Paper No. w9657
Number of pages: 59 Posted: 23 May 2003 Last Revised: 21 Nov 2022
Alon Brav, John R. Graham, Campbell R. Harvey and Roni Michaely
Duke University - Fuqua School of Business, Duke University, Duke University - Fuqua School of Business and The University of Hong Kong
Downloads 677 (81,985)
Citation 41

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3.

Hedge Fund Activism, Corporate Governance, and Firm Performance

Journal of Finance, Vol. 63, p. 1729, 2008, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 139/2006, Vanderbilt Law and Economics Research Paper No. 07-28, FDIC Center for Financial Research Working Paper No. 2008-06
Number of pages: 62 Posted: 05 Apr 2007 Last Revised: 09 Nov 2018
Alon Brav, Wei Jiang, Randall S. Thomas, Randall S. Thomas and Frank Partnoy
Duke University - Fuqua School of Business, Emory University Goizueta Business School, Vanderbilt University - Law SchoolVanderbilt University - Owen Graduate School of Management and University of California, Berkeley - School of Law
Downloads 8,126 (1,727)
Citation 309

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Hedge Fund, Activism, Governance

4.

Dancing with Activists

Downloads 4,477 ( 4,789)
Citation 23

Dancing with Activists

Journal of Financial Economics, Vol. 137, pp. 1-41, July 2020 , Harvard Law and Economics Discussion Paper No. 906, Columbia Business School Research Paper No. 17-44, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 604/2019
Number of pages: 88 Posted: 10 Apr 2017 Last Revised: 18 May 2020
Lucian A. Bebchuk, Alon Brav, Wei Jiang and Thomas Keusch
Harvard Law School, Duke University - Fuqua School of Business, Emory University Goizueta Business School and INSEAD
Downloads 4,347 (4,944)
Citation 23

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Corporate governance, hedge fund activism, activist settlements

Dancing with Activists

NBER Working Paper No. w26171
Number of pages: 77 Posted: 09 Sep 2019 Last Revised: 06 Jul 2023
Lucian A. Bebchuk, Alon Brav, Wei Jiang and Thomas Keusch
Harvard Law School, Duke University - Fuqua School of Business, Emory University Goizueta Business School and INSEAD
Downloads 130 (470,189)

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5.

How Does Hedge Fund Activism Reshape Corporate Innovation?

Downloads 4,152 ( 5,427)
Citation 57

How Does Hedge Fund Activism Reshape Corporate Innovation?

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 85 Posted: 17 Mar 2014 Last Revised: 05 Jul 2017
Alon Brav, Wei Jiang, Song Ma and Xuan Tian
Duke University - Fuqua School of Business, Emory University Goizueta Business School, Yale School of Management and Tsinghua University - PBC School of Finance
Downloads 3,964 (5,728)
Citation 22

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Hedge fund activism, Innovation, Resource allocation, Human capital redeployment

How Does Hedge Fund Activism Reshape Corporate Innovation?

NBER Working Paper No. w22273
Number of pages: 70 Posted: 24 May 2016 Last Revised: 12 May 2023
Alon Brav, Wei Jiang, Song Ma and Xuan Tian
Duke University - Fuqua School of Business, Emory University Goizueta Business School, Yale School of Management and Tsinghua University - PBC School of Finance
Downloads 188 (342,167)
Citation 35

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6.

Hedge Fund Activism: A Review

Downloads 3,392 ( 7,571)
Citation 85

Hedge Fund Activism: A Review

Foundations and Trends in Finance, Vol. 4, No. 3, 2009
Number of pages: 64 Posted: 12 Feb 2010 Last Revised: 25 Jul 2011
Alon Brav, Wei Jiang and Hyunseob Kim
Duke University - Fuqua School of Business, Emory University Goizueta Business School and Federal Reserve Bank of Chicago
Downloads 1,803 (20,292)
Citation 7

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Hedge Fund, Shareholder Activism, Corporate Governance

Hedge Fund Activism: A Review

Foundations and Trends in Finance, Vol. 4, No. 3, pp. 1-66, February 2010
Number of pages: 64 Posted: 22 Oct 2011
Wei Jiang, Hyunseob Kim and Alon Brav
Emory University Goizueta Business School, Federal Reserve Bank of Chicago and Duke University - Fuqua School of Business
Downloads 1,583 (24,833)
Citation 66

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Hedge Fund Activism: A Review

Foundations and Trends in Finance, Vol. 4, No. 3, pp. 185-246, 2009
Number of pages: 64 Posted: 25 Jun 2010
Alon Brav, Wei Jiang and Hyunseob Kim
Duke University - Fuqua School of Business, Emory University Goizueta Business School and Federal Reserve Bank of Chicago
Downloads 6 (1,348,356)
Citation 12
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7.

Competing Theories of Financial Anomalies

The Review of Financial Studies, v 15 n 2 2002
Number of pages: 32 Posted: 25 Jan 2000 Last Revised: 18 Feb 2019
Alon Brav and J.B. Heaton
Duke University - Fuqua School of Business and One Hat Research LLC
Downloads 3,166 (8,447)
Citation 47

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8.

Insider Trading Subsequent to Initial Public Offerings: Evidence from Expirations of Lock-Up Provisions

Number of pages: 53 Posted: 08 Feb 2000
Alon Brav and Paul A. Gompers
Duke University - Fuqua School of Business and Harvard Business School - Finance Unit
Downloads 2,693 (10,892)
Citation 29

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9.

Picking Friends Before Picking (Proxy) Fights: How Mutual Fund Voting Shapes Proxy Contests.

Columbia Business School Research Paper No. 18-16, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 601/2019
Number of pages: 97 Posted: 17 Jan 2018 Last Revised: 09 Jan 2023
Alon Brav, Wei Jiang, Tao Li and James Pinnington
Duke University - Fuqua School of Business, Emory University Goizueta Business School, University of Florida - Warrington College of Business Administration and Duke University- Fuqua School of Business
Downloads 2,670 (11,014)
Citation 50

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Mutual fund voting, proxy contest, selective targeting, investor stance

10.

Wolf Pack Activism

Downloads 2,620 (11,355)
Citation 53

Wolf Pack Activism

Management Science, forthcoming, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 501/2017, Robert H. Smith School Research Paper No. RHS 2529230
Number of pages: 60 Posted: 23 Nov 2014 Last Revised: 25 May 2021
Alon Brav, Amil Dasgupta and Richmond D. Mathews
Duke University - Fuqua School of Business, London School of Economics (LSE) and University of Maryland - Department of Finance
Downloads 2,600 (11,299)
Citation 53

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corporate governance; blockholder monitoring; institutional investors; reputation concerns; strategic complementarity

Wolf Pack Activism

CEPR Discussion Paper No. DP11507
Number of pages: 56 Posted: 20 Sep 2016
Alon Brav, Amil Dasgupta and Richmond D. Mathews
Duke University - Fuqua School of Business, London School of Economics (LSE) and University of Maryland - Department of Finance
Downloads 20 (1,180,957)
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11.

The Returns to Hedge Fund Activism

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Citation 19

The Returns to Hedge Fund Activism

ECGI - Law Working Paper No. 098/2008
Number of pages: 35 Posted: 24 Mar 2008
Alon Brav, Wei Jiang, Frank Partnoy, Randall S. Thomas and Randall S. Thomas
Duke University - Fuqua School of Business, Emory University Goizueta Business School, University of California, Berkeley - School of Law and Vanderbilt University - Law SchoolVanderbilt University - Owen Graduate School of Management
Downloads 2,470 (12,211)
Citation 19

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Hedge Fund, Activism, Governance

The Returns to Hedge Fund Activism

Financial Analysts Journal, Vol. 64, No. 6, 2008, San Diego Legal Studies Paper No. 09-002
Posted: 17 Dec 2008
Alon Brav, Wei Jiang, Frank Partnoy, Randall S. Thomas and Randall S. Thomas
Duke University - Fuqua School of Business, Emory University Goizueta Business School, University of California, Berkeley - School of Law and Vanderbilt University - Law SchoolVanderbilt University - Owen Graduate School of Management

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Alternative Investments - Hedge Fund Strategies, Portfolio Management - Hedge Fund Strategies, Corporate Governance

12.

Payout Policy in the 21th Century: The Data

Johnson School Research Paper Series No. 29-06
Number of pages: 50 Posted: 21 Nov 2005
Alon Brav, Campbell R. Harvey, John R. Graham and Roni Michaely
Duke University - Fuqua School of Business, Duke University - Fuqua School of Business, Duke University and The University of Hong Kong
Downloads 2,369 (13,357)

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Payout, Dividend policy, Share repurchases, Survey, Survey data

13.

Using Expectations to Test Asset Pricing Models

Downloads 1,883 (19,310)
Citation 52

Using Expectations to Test Asset Pricing Models

Number of pages: 46 Posted: 09 Jan 2003
Alon Brav, Reuven Lehavy and Roni Michaely
Duke University - Fuqua School of Business, University of Michigan, Stephen M. Ross School of Business and The University of Hong Kong
Downloads 1,780 (20,705)
Citation 37

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Using Expectations to Test Asset Pricing Models

Financial Management, Vol. 34, No. 3, Autumn 2005
Number of pages: 34 Posted: 22 Aug 2005
Alon Brav, Reuven Lehavy and Roni Michaely
Duke University - Fuqua School of Business, University of Michigan, Stephen M. Ross School of Business and The University of Hong Kong
Downloads 103 (563,898)
Citation 15

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14.

Governance by Persuasion: Hedge Fund Activism and Market-based Shareholder Influence

Oxford Research Encyclopedias: Economics and Finance, 2022
Number of pages: 137 Posted: 03 Nov 2021 Last Revised: 23 May 2024
Alon Brav, Wei Jiang and Rongchen Li
Duke University - Fuqua School of Business, Emory University Goizueta Business School and Columbia University - Columbia Business School
Downloads 1,859 (19,781)
Citation 13

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Hedge funds, shareholder activism, corporate governance, institutional investors

15.

Retail Shareholder Participation in the Proxy Process: Monitoring, Engagement, and Voting

European Corporate Governance Institute – Finance Working Paper No. 637/2019
Number of pages: 78 Posted: 14 Jun 2019 Last Revised: 07 Jun 2021
Alon Brav, Matthew D. Cain and Jonathon Zytnick
Duke University - Fuqua School of Business, Berkeley Center for Law and Business and Georgetown University Law Center
Downloads 1,570 (25,537)
Citation 8

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Retail Voting, Shareholder Proposal, Proxy Advisory Firm, Corporate Governance

16.

The Rational-Behavioral Debate in Financial Economics

Journal of Economic Methodology, 11:4, 393–409 December 2004
Number of pages: 17 Posted: 14 Jul 2004 Last Revised: 18 Feb 2019
Alon Brav, J.B. Heaton and Alex Rosenberg
Duke University - Fuqua School of Business, One Hat Research LLC and Duke University
Downloads 1,553 (25,973)
Citation 2

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Raional Finance, Behavioral Finance, Economic Methodolology

17.

Pre-Disclosure Accumulations by Activist Investors: Evidence and Policy

Journal of Corporation Law, Vol. 39, No. 1, pp. 1-34, Fall 2013, Columbia Business School Research Paper No. 13-33
Number of pages: 36 Posted: 30 Apr 2013 Last Revised: 03 Jun 2015
Lucian A. Bebchuk, Alon Brav, Robert J. Jackson Jr. and Wei Jiang
Harvard Law School, Duke University - Fuqua School of Business, New York University School of Law and Emory University Goizueta Business School
Downloads 1,520 (26,768)
Citation 12

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Corporate governance, disclosure, Williams Act, takeovers, proxy fights, takeover defenses, poison pills, control contests, shareholder activism, activist investors, hedge funds, blockholders

18.

The Real Effects of Hedge Fund Activism: Productivity, Asset Allocation, and Labor Outcomes

Downloads 1,483 (27,815)
Citation 55

The Real Effects of Hedge Fund Activism: Productivity, Asset Allocation, and Labor Outcomes

Number of pages: 56 Posted: 15 Mar 2012 Last Revised: 21 Jan 2015
Alon Brav, Wei Jiang and Hyunseob Kim
Duke University - Fuqua School of Business, Emory University Goizueta Business School and Federal Reserve Bank of Chicago
Downloads 1,096 (42,668)
Citation 12

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Hedge fund activism, Governance, Productivity, Capital Reallocation, Labor Outcomes

The Real Effects of Hedge Fund Activism: Productivity, Risk, and Product Market Competition

US Census Bureau Center for Economic Studies Paper No. CES-WP-12-14, Johnson School Research Paper Series No. 33-2012
Number of pages: 53 Posted: 10 Oct 2012 Last Revised: 18 Jan 2013
Alon Brav, Wei Jiang and Hyunseob Kim
Duke University - Fuqua School of Business, Emory University Goizueta Business School and Federal Reserve Bank of Chicago
Downloads 289 (223,872)
Citation 10

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Hedge funds, Governance, Productivity

The Real Effects of Hedge Fund Activism: Productivity, Asset Allocation, and Labor Outcomes

NBER Working Paper No. w17517
Number of pages: 57 Posted: 15 Oct 2011 Last Revised: 14 May 2023
Alon Brav, Wei Jiang and Hyunseob Kim
Duke University - Fuqua School of Business, Emory University Goizueta Business School and Federal Reserve Bank of Chicago
Downloads 98 (584,250)
Citation 33

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19.

The Limits of the Limits of Arbitrage

Downloads 1,356 (31,708)
Citation 15

The Limits of the Limits of Arbitrage

Review of Finance, 14(1):157-187 (2010)
Number of pages: 31 Posted: 12 Jul 2006 Last Revised: 30 Mar 2021
Alon Brav, J.B. Heaton and Si Li
Duke University - Fuqua School of Business, One Hat Research LLC and Wilfrid Laurier University - School of Business & Economics
Downloads 1,356 (31,149)
Citation 15

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Market Efficiency, Behavioral Finance, Limits on Arbitrage, Idiosyncratic Volatility

The Limits of the Limits of Arbitrage

Review of Finance, Vol. 14, Issue 1, pp. 157-187, 2010
Posted: 25 Jan 2010 Last Revised: 18 Feb 2019
Alon Brav, J.B. Heaton and Si Li
Duke University - Fuqua School of Business, One Hat Research LLC and Wilfrid Laurier University - School of Business & Economics

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G11, G12, G14

20.

An Empirical Analysis of Analysts' Target Prices: Short Term Informativeness and Long Term Dynamics

Downloads 1,304 (33,663)
Citation 71

An Empirical Analysis of Analysts' Target Prices: Short Term Informativeness and Long Term Dynamics

Number of pages: 54 Posted: 15 Apr 2001
Alon Brav and Reuven Lehavy
Duke University - Fuqua School of Business and University of Michigan, Stephen M. Ross School of Business
Downloads 1,304 (33,080)
Citation 71

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An Empirical Analysis of Analysts' Target Prices: Short-Term Informativeness and Long-Term Dynamics

Posted: 08 Aug 2002
Alon Brav and Reuven Lehavy
Duke University - Fuqua School of Business and University of Michigan, Stephen M. Ross School of Business

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21.

Empty Voting and the Efficiency of Corporate Governance

AFA 2009 San Francisco Meetings Paper
Number of pages: 52 Posted: 25 Mar 2008 Last Revised: 27 Mar 2010
Alon Brav and Richmond D. Mathews
Duke University - Fuqua School of Business and University of Maryland - Department of Finance
Downloads 1,259 (35,350)
Citation 19

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voting, trading, hedge funds, corporate governance

22.

The Idiosyncratic Volatility Puzzle: Time Trend or Speculative Episodes?

Downloads 1,204 (37,739)
Citation 123

The Idiosyncratic Volatility Puzzle: Time Trend or Speculative Episodes?

McCombs Research Paper Series No. FIN-02-09
Number of pages: 57 Posted: 09 Jun 2008 Last Revised: 18 Jan 2009
Michael W. Brandt, Alon Brav, John R. Graham and Alok Kumar
Duke University - Fuqua School of Business, Duke University - Fuqua School of Business, Duke University and University of Miami - Miami Herbert Business School
Downloads 1,204 (37,131)
Citation 123

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Idiosyncratic volatility, stock market bubbles, retail investors, speculation, stock splits

The Idiosyncratic Volatility Puzzle: Time Trend or Speculative Episodes?

The Review of Financial Studies, Vol. 23, Issue 2, pp. 863-899, 2009
Posted: 01 Feb 2010
Michael W. Brandt, Alon Brav, John R. Graham and Alok Kumar
Duke University - Fuqua School of Business, Duke University - Fuqua School of Business, Duke University and University of Miami - Miami Herbert Business School

Abstract:

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G11, G12, G14

23.

Corporate Governance Implications of the Growth in Indexing

Downloads 854 (61,293)
Citation 1

Corporate Governance Implications of the Growth in Indexing

European Corporate Governance Institute – Finance Working Paper No. 849/2022, Olin Business School Center for Finance & Accounting Research Paper No. 2022/06, Oxford Research Encyclopedia of Economics and Finance, August 2023
Number of pages: 35 Posted: 28 Sep 2022 Last Revised: 14 Jun 2024
Alon Brav, Andrey Malenko and Nadya Malenko
Duke University - Fuqua School of Business, Boston College and Boston College, Carroll School of Management
Downloads 822 (63,523)
Citation 1

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passive funds, index funds, voting, institutional investors, shareholder activism, engagement, monitoring, stewardship, Big Three, corporate governance

Corporate Governance Implications of the Growth in Indexing

NBER Working Paper No. w30718
Number of pages: 36 Posted: 05 Dec 2022 Last Revised: 08 Jun 2023
Alon Brav, Nadya Malenko and Andrey Malenko
Duke University - Fuqua School of Business, Boston College, Carroll School of Management and Boston College
Downloads 32 (1,029,351)

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24.

Event Studies in Securities Litigation: Low Power, Confounding Effects, and Bias

Washington University Law Review, Vol. 93, No. 2, 2015
Number of pages: 33 Posted: 21 Mar 2015 Last Revised: 25 Mar 2021
Alon Brav and J.B. Heaton
Duke University - Fuqua School of Business and One Hat Research LLC
Downloads 836 (63,130)
Citation 5

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event studies, securities litigation

25.

Managerial Response to the May 2003 Dividend Tax Cut

Number of pages: 34 Posted: 23 Jan 2007
Campbell R. Harvey, Alon Brav, John R. Graham and Roni Michaely
Duke University - Fuqua School of Business, Duke University - Fuqua School of Business, Duke University and The University of Hong Kong
Downloads 810 (65,874)
Citation 16

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Payout, Dividend policy, Share repurchases, Tax cut, Press Release

26.

Shareholder Monitoring Through Voting: New Evidence from Proxy Contests

European Corporate Governance Institute – Finance Working Paper No. 923/2023, Review of Financial Studies, Forthcoming
Number of pages: 104 Posted: 03 Jan 2023 Last Revised: 10 Sep 2023
Alon Brav, Wei Jiang, Tao Li and James Pinnington
Duke University - Fuqua School of Business, Emory University Goizueta Business School, University of Florida - Warrington College of Business Administration and Duke University- Fuqua School of Business
Downloads 792 (68,157)
Citation 24

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Mutual fund voting, proxy contest, passive funds, monitoring

27.

Costly Communication, Shareholder Activism, and Limits to Arbitrage

AFA 2007 Chicago Meetings Paper
Number of pages: 51 Posted: 07 Nov 2005
Michael Bradley, Alon Brav, Itay Goldstein and Wei Jiang
Duke University - Fuqua School of Business, Duke University - Fuqua School of Business, University of Pennsylvania - The Wharton School - Finance Department and Emory University Goizueta Business School
Downloads 762 (71,393)
Citation 11

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Limits to Arbitrage, Communication, Shareholder Activism, Closed-End Funds

28.

The Equity in Equity Issuances

Number of pages: 48 Posted: 13 Nov 1998
Alon Brav, Christopher Geczy and Paul A. Gompers
Duke University - Fuqua School of Business, University of Pennsylvania - The Wharton School, Finance Department and Harvard Business School - Finance Unit
Downloads 745 (73,572)
Citation 2

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29.

Evidence on the Tradeoff Between Risk and Return for Ipo and Seo Firms

Number of pages: 50 Posted: 06 Oct 2005
Alon Brav, Roni Michaely, Michael R. Roberts and Rebecca Zarutskie
Duke University - Fuqua School of Business, The University of Hong Kong, The Wharton School - University of Pennsylvania; National Bureau of Economic Research (NBER) and Federal Reserve Banks - Federal Reserve Bank of Dallas
Downloads 740 (74,227)
Citation 6

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Equity Offering, Private Debt, Institutional Lenders

30.

Inference in Long Horizon Event Studies: A Bayesian Approach with Application to Initial Public Offerings

Number of pages: 44 Posted: 10 Aug 1998
Alon Brav
Duke University - Fuqua School of Business
Downloads 697 (80,124)
Citation 33

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31.

Failed Anti-Activist Legislation: The Curious Case of the Brokaw Act

Journal of Business, Entrepreneurship and the Law, Forthcoming
Number of pages: 25 Posted: 29 Oct 2016 Last Revised: 25 Mar 2021
Alon Brav, J.B. Heaton and Jonathan Zandberg
Duke University - Fuqua School of Business, One Hat Research LLC and University of Pennsylvania - Finance Department
Downloads 675 (83,469)
Citation 7

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hedge fund activism, corporate law, shareholder activism, shareholder activist, hedge fund activist

32.

Asset Pricing with Heterogeneous Consumers and Limited Participation: Empirical Evidence

Downloads 668 (84,588)
Citation 91

Asset Pricing with Heterogeneous Consumers and Limited Participation: Empirical Evidence

Number of pages: 48 Posted: 10 Feb 2000
Alon Brav, George M. Constantinides and Christopher Geczy
Duke University - Fuqua School of Business, University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School, Finance Department
Downloads 508 (117,945)
Citation 2

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Asset Pricing with Heterogeneous Consumers and Limited Participation: Empirical Evidence

NBER Working Paper No. w7406
Number of pages: 53 Posted: 12 Jul 2000 Last Revised: 28 Sep 2022
Alon Brav, George M. Constantinides and Christopher Geczy
Duke University - Fuqua School of Business, University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School, Finance Department
Downloads 99 (580,295)

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Asset Pricing with Heterogeneous Consumers and Limited Participation: Empirical Evidence

NBER Working Paper No. w8822
Number of pages: 41 Posted: 10 Aug 2012 Last Revised: 11 Aug 2022
Alon Brav, George M. Constantinides and Christopher Geczy
Duke University - Fuqua School of Business, University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School, Finance Department
Downloads 61 (773,398)
Citation 89

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Asset Pricing with Heterogeneous Consumers and Limited Participation: Empirical Evidence

Posted: 19 Nov 2001
Alon Brav, George M. Constantinides and Christopher Geczy
Duke University - Fuqua School of Business, University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School, Finance Department

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Equity premium, Incomplete consumption insurance, Heterogeneous consumers, Limited capital market participation

Asset Pricing with Heterogeneous Consumers and Limited Participation: Empirical Evidence

Posted: 26 Aug 2002
Alon Brav, George M. Constantinides and Christopher Geczy
Duke University - Fuqua School of Business, University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School, Finance Department

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33.

Brown Assets for the Prudent Investor

12 HARV. BUS. REV. L. ONLINE, art. 2, 2021, at 1.
Number of pages: 23 Posted: 02 Aug 2021 Last Revised: 02 Mar 2022
Alon Brav and J.B. Heaton
Duke University - Fuqua School of Business and One Hat Research LLC
Downloads 631 (91,015)
Citation 6

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climate change, carbon risk, ESG, global warming

34.

Private Equity and Venture Capital Fund Performance: Evidence from a Large Sample of Israeli Limited Partners

European Corporate Governance Institute – Finance Working Paper No. 930/2023
Number of pages: 58 Posted: 16 Aug 2023
Alon Brav, Guy Lakan and Yishay Yafeh
Duke University - Fuqua School of Business, Hebrew University of Jerusalem - Hebrew University and Hebrew University of Jerusalem - Jerusalem School of Business Administration
Downloads 626 (91,928)

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Institutional Investors, Limited Partners, Private Equity, Venture Capital

35.

Flows, Financing Decisions, and Institutional Ownership of the U.S. Equity Market

European Corporate Governance Institute - Law Working Paper No. 749/2024
Number of pages: 73 Posted: 22 Jan 2024 Last Revised: 26 Jan 2024
Alon Brav, Dorothy S. Lund and Lin Zhao
Duke University - Fuqua School of Business, Columbia Law School and Duke University, Fuqua School of Business
Downloads 497 (122,598)

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index funds, passive investing, institutional investors, ETFs, Big Three, stewardship, engagement, shareholder activism, corporate voting, ownership concentration, institutional investors, antitrust, M&A, stock buybacks, corporate finance, law and economics

36.

Validation Capital

NYU Law and Economics Research Paper No. 21-06, USC CLASS Research Paper Series No. CLASS21-16, USC Law Legal Studies Paper No. 21-16
Number of pages: 22 Posted: 16 Feb 2021 Last Revised: 30 Jun 2021
Alon Brav, Dorothy S. Lund and Edward B. Rock
Duke University - Fuqua School of Business, Columbia Law School and New York University School of Law
Downloads 360 (178,083)

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37.

Activist Arbitrage: A Study of Open-Ending Attempts of Closed-End Funds

Journal of Financial Economics, Vol. 95, No. 1, pp. 1-19, 2008
Number of pages: 43 Posted: 22 Oct 2011
Michael Bradley, Alon Brav, Itay Goldstein and Wei Jiang
Duke University - Fuqua School of Business, Duke University - Fuqua School of Business, University of Pennsylvania - The Wharton School - Finance Department and Emory University Goizueta Business School
Downloads 269 (242,920)
Citation 3

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38.

Market Indeterminacy

Number of pages: 36 Posted: 06 Oct 2003
Alon Brav and J.B. Heaton
Duke University - Fuqua School of Business and One Hat Research LLC
Downloads 163 (389,376)

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39.

Recent Advances in Research on Hedge Fund Activism: Value Creation and Identification

Annual Review of Financial Economics, Vol. 7, pp. 579-595, 2015
Posted: 11 Dec 2015
Alon Brav, Wei Jiang and Hyunseob Kim
Duke University - Fuqua School of Business, Emory University Goizueta Business School and Federal Reserve Bank of Chicago

Abstract:

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40.

The Role of Lock-Ups in Initial Public Offerings

Review of Financial Studies, Forthcoming
Posted: 01 Nov 2001
Alon Brav and Paul A. Gompers
Duke University - Fuqua School of Business and Harvard Business School - Finance Unit

Abstract:

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41.

Is the Abnormal Return Following Equity Issuances Anomalous?

Rodney L. White Center Working Paper No. 02-99
Posted: 12 Feb 1999
Alon Brav, Christopher Geczy and Paul A. Gompers
Duke University - Fuqua School of Business, University of Pennsylvania - The Wharton School, Finance Department and Harvard Business School - Finance Unit

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42.

Myth or Reality? The Long-Run Underperformance of Initial Public Offerings: Evidence from Venture and Nonventure Capital-Backed Companies

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Myth or Reality? The Long-Run Underperformance of Initial Public Offerings: Evidence from Venture and Nonventure Capital-Backed Companies

Journal of Finance, Vol. 52 No. 4, December 1997
Posted: 11 Apr 1998
Alon Brav and Paul A. Gompers
Duke University - Fuqua School of Business and Harvard Business School - Finance Unit

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Myth or Reality? The Long-Run Underperformance of Initial Public Offerings: Evidence from Venture and Nonventure Capital-Backed Companies

University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship
Posted: 17 Nov 2009
Alon Brav and Paul A. Gompers
Duke University - Fuqua School of Business and Harvard Business School - Finance Unit

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Performance measures, Initial public offerings (IPO), Public firms, Firm performance, Benchmarks, Venture capitalists, Venture capital firms