Robert L. McDonald

Northwestern University - Kellogg School of Management

Erwin P. Nemmers Distinguished Professor of Finance

2001 Sheridan Road

Evanston, IL 60208

United States

SCHOLARLY PAPERS

26

DOWNLOADS
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SSRN RANKINGS

Top 17,442

in Total Papers Downloads

3,649

SSRN CITATIONS
Rank 1,223

SSRN RANKINGS

Top 1,223

in Total Papers Citations

190

CROSSREF CITATIONS

819

Scholarly Papers (26)

1.

Contingent Capital with a Dual Price Trigger

Number of pages: 37 Posted: 17 Feb 2010 Last Revised: 12 Apr 2011
Robert L. McDonald
Downloads 1,402 (17,335)
Citation 80

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Contingent capital, bank regulation, capital

2.
Downloads 501 (71,478)
Citation 10

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corporate tax, options, put warrants, convertible bonds, compensation options

3.

The Value of Waiting to Invest

NBER Working Paper No. w1019
Number of pages: 38 Posted: 27 Apr 2000 Last Revised: 16 Oct 2021
Robert L. McDonald and Daniel Siegel
Northwestern University - Kellogg School of Management and Northwestern University - Kellogg School of Management
Downloads 212 (181,170)
Citation 78

Abstract:

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4.

Equity Issues with Time-Varying Asymmetric Information

Journal of Financial and Quantitative Analysis (JFQA), Vol. 27, No. 3, 1992
Number of pages: 32 Posted: 22 Oct 2011
Robert A. Korajczyk, Deborah J. Lucas and Robert L. McDonald
Northwestern University, Northwestern University - Kellogg School of Management and Northwestern University - Kellogg School of Management
Downloads 180 (210,000)
Citation 34

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Equity Issues, Adverse Selection, Asymmetric Information

Understanding Stock Price Behavior Around the Time of Equity Issues

ASYMMETRIC INFORMATION, CORPORATE FINANCE, AND INVESTMENT, R. Glenn Hubbard, ed., University of Chicago Press, 1990
Number of pages: 40 Posted: 21 Oct 2011
Robert A. Korajczyk, Deborah J. Lucas and Robert L. McDonald
Northwestern University, Northwestern University - Kellogg School of Management and Northwestern University - Kellogg School of Management
Downloads 96 (341,040)

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equity issues, adverse selection, asymmetric information

Understanding Stock Price Behavior Around the Time of Equity Issues

NBER Working Paper No. w3170
Number of pages: 40 Posted: 08 Jan 2008 Last Revised: 01 Sep 2021
Robert A. Korajczyk, Deborah J. Lucas and Robert L. McDonald
Northwestern University, Northwestern University - Kellogg School of Management and Northwestern University - Kellogg School of Management
Downloads 73 (403,401)

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6.
Downloads 138 (261,819)

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debt-equity distinction, hybrid taxation, convertible bond taxation, tax arbitrage

7.

The Effect of Information Releases on the Pricing and Timing of Equity Issues

Review of Financial Studies, Vol. 4, No. 4, pp. 685-708, 1991
Number of pages: 34 Posted: 03 Nov 2011
Robert A. Korajczyk, Deborah J. Lucas and Robert L. McDonald
Northwestern University, Northwestern University - Kellogg School of Management and Northwestern University - Kellogg School of Management
Downloads 134 (267,910)
Citation 1

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Equity Issues, Adverse Selection, Asymmetric Information

8.

Equity Issues and Stock Price Dynamics

NBER Working Paper No. w3169
Number of pages: 42 Posted: 22 Aug 2007 Last Revised: 30 Aug 2021
Deborah J. Lucas and Robert L. McDonald
Northwestern University - Kellogg School of Management and Northwestern University - Kellogg School of Management
Downloads 133 (269,429)
Citation 3

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9.

Inflation and the Role of Bonds in Investor Portfolios

NBER Working Paper No. w1091
Number of pages: 43 Posted: 28 May 2004 Last Revised: 27 Jun 2021
Zvi Bodie, Alex Kane and Robert L. McDonald
Boston University - Department of Finance & Economics, University of California, San Diego (UCSD) - Graduate School of International Relations and Pacific Studies (IRPS) and Northwestern University - Kellogg School of Management
Downloads 103 (323,383)

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10.

The Problematic Delta Test for Dividend Equivalents

Tax Notes, Vol. 146, No. 4, 2015
Number of pages: 8 Posted: 05 May 2015
Thomas J. Brennan and Robert L. McDonald
Downloads 97 (336,267)

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dividend equivalent taxation, cross-border taxation, delta test

11.

How Big is the Tax Advantage to Debt?

NBER Working Paper No. w1286
Number of pages: 24 Posted: 26 May 2004 Last Revised: 09 Jul 2021
Alex Kane, Alan J. Marcus and Robert L. McDonald
University of California, San Diego (UCSD) - Graduate School of International Relations and Pacific Studies (IRPS), Boston College - Department of Finance and Northwestern University - Kellogg School of Management
Downloads 70 (408,093)
Citation 3

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Ratings and Asset Allocation: An Experimental Analysis

Number of pages: 61 Posted: 03 May 2013
Robert L. McDonald and Thomas Rietz
Northwestern University - Kellogg School of Management and University of Iowa - Henry B. Tippie College of Business
Downloads 59 (451,849)

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behavioral finance, investment decisions, ratings

Ratings and Asset Allocation: An Experimental Analysis

NBER Working Paper No. w25046
Number of pages: 60 Posted: 17 Sep 2018 Last Revised: 09 Jun 2021
Robert L. McDonald and Thomas Rietz
Northwestern University - Kellogg School of Management and University of Iowa - Henry B. Tippie College of Business
Downloads 4 (797,615)

Abstract:

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13.

Why are Real Interest Rates so High?

NBER Working Paper No. w1141
Number of pages: 42 Posted: 05 Jul 2004 Last Revised: 14 Feb 2021
Zvi Bodie, Alex Kane and Robert L. McDonald
Boston University - Department of Finance & Economics, University of California, San Diego (UCSD) - Graduate School of International Relations and Pacific Studies (IRPS) and Northwestern University - Kellogg School of Management
Downloads 58 (448,956)

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14.

Aig in Hindsight

NBER Working Paper No. w21108
Number of pages: 41 Posted: 20 Apr 2015 Last Revised: 05 Sep 2021
Robert L. McDonald and Anna L. Paulson
Northwestern University - Kellogg School of Management and Federal Reserve Bank of Chicago
Downloads 54 (463,893)
Citation 9

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15.

Debt Policy and the Rate of Return Premium to Leverage

NBER Working Paper No. w1439
Number of pages: 35 Posted: 11 Apr 2004 Last Revised: 09 Jun 2021
Alex Kane, Alan J. Marcus and Robert L. McDonald
University of California, San Diego (UCSD) - Graduate School of International Relations and Pacific Studies (IRPS), Boston College - Department of Finance and Northwestern University - Kellogg School of Management
Downloads 54 (463,893)
Citation 5

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16.

Bank Financing and Investment Decisions with Asymmetric Information

NBER Working Paper No. w2422
Number of pages: 38 Posted: 29 Dec 2006 Last Revised: 14 Feb 2021
Deborah J. Lucas and Robert L. McDonald
Northwestern University - Kellogg School of Management and Northwestern University - Kellogg School of Management
Downloads 45 (501,266)

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17.

Government Debt and Private Leverage: An Extension of the Miller Theorem

NBER Working Paper No. w0965
Number of pages: 46 Posted: 03 May 2004 Last Revised: 21 Feb 2021
Robert L. McDonald
Downloads 44 (505,747)

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18.

Statement on Evidence-Based Regulation and the Limits of Pilot Studies

Number of pages: 12 Posted: 10 Jul 2020
University of Southern California - Marshall School of Business - Finance and Business Economics Department, University of Illinois, Urbana-Champaign, Northwestern University - Kellogg School of Management and Carnegie Mellon University - David A. Tepper School of Business
Downloads 42 (514,822)

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Pilot studies, financial market regulation and policy, Securities and Exchange Commission

19.

The Effect of Information Releases on the Pricing and Timing of Equity Issues: Theory and Evidence

NBER Working Paper No. w2727
Number of pages: 51 Posted: 29 Mar 2010 Last Revised: 16 Jun 2021
Robert A. Korajczyk, Robert L. McDonald and Deborah J. Lucas
Northwestern University, Northwestern University - Kellogg School of Management and Northwestern University - Kellogg School of Management
Downloads 35 (549,408)
Citation 11

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20.

Dividend and Share Changes: is There a Financing Hierarchy?

NBER Working Paper No. w2029
Number of pages: 57 Posted: 11 Apr 2004 Last Revised: 19 Jul 2021
Naomi S. Soderstrom and Robert L. McDonald
Downloads 35 (549,408)

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21.

Bank Portfolio Choice with Private Information About Loan Quality: Theory and Implications for Regulation

NBER Working Paper No. w2421
Number of pages: 38 Posted: 27 Apr 2000 Last Revised: 15 Aug 2021
Deborah J. Lucas and Robert L. McDonald
Northwestern University - Kellogg School of Management and Northwestern University - Kellogg School of Management
Downloads 35 (549,408)
Citation 2

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22.

The Role of Real Options in Capital Budgeting: Theory and Practice

Journal of Applied Corporate Finance, Vol. 18, No. 2, pp. 28-39, Spring 2006
Number of pages: 14 Posted: 23 Jan 2007
Robert L. McDonald
Downloads 31 (571,183)
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23.

Measuring Margin

NBER Working Paper No. w18724
Number of pages: 23 Posted: 18 Jan 2013 Last Revised: 30 Aug 2021
Robert L. McDonald
Downloads 14 (686,840)

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25.

Shareholder Heterogeneity, Adverse Selection, and Payout Policy

Journal of Financial and Quantitative Analysis, June 1998
Posted: 04 Jun 1998
Robert L. McDonald and Deborah J. Lucas
Northwestern University - Kellogg School of Management and Northwestern University - Kellogg School of Management

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