Robert L. McDonald

Northwestern University - Kellogg School of Management

Erwin P. Nemmers Distinguished Professor of Finance

2001 Sheridan Road

Evanston, IL 60208

United States

  • Northwestern University - Kellogg School of Management

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    • Tel: 847-491-8344
    • Fax: 847-491-5719
SCHOLARLY PAPERS

26

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4,851

TOTAL CITATIONS
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Top 1,456

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307

Scholarly Papers (26)

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1.

Contingent Capital with a Dual Price Trigger

Number of pages: 37 Posted: 17 Feb 2010 Last Revised: 12 Apr 2011
Robert L. McDonald
Northwestern University - Kellogg School of Management
Downloads 1,457 (26,758)
Citation 128

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Contingent capital, bank regulation, capital

2.

The Tax (Dis)Advantage of a Firm Issuing Options on its Own Stock

Number of pages: 43 Posted: 10 Mar 2002
Robert L. McDonald
Northwestern University - Kellogg School of Management
Downloads 569 (97,171)
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 2022
Robert L. McDonald and Daniel Siegel
Northwestern University - Kellogg School of Management and Northwestern University - Kellogg School of Management
Downloads 321 (188,432)
Citation 78

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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 - Kellogg School of Management, Northwestern University - Kellogg School of Management and Northwestern University - Kellogg School of Management
Downloads 277 (220,140)
Citation 36

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Equity Issues, Adverse Selection, Asymmetric Information

5.

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
Harvard Law School and Northwestern University - Kellogg School of Management
Downloads 220 (275,846)

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dividend equivalent taxation, cross-border taxation, delta test

6.

Understanding Stock Price Behavior Around the Time of Equity Issues

Downloads 215 (281,930)

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 - Kellogg School of Management, Northwestern University - Kellogg School of Management and Northwestern University - Kellogg School of Management
Downloads 123 (454,921)

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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 2022
Robert A. Korajczyk, Deborah J. Lucas and Robert L. McDonald
Northwestern University - Kellogg School of Management, Northwestern University - Kellogg School of Management and Northwestern University - Kellogg School of Management
Downloads 92 (562,363)

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7.

The Role of Pilot Studies in Financial Regulation

Number of pages: 32 Posted: 15 Dec 2021
Lawrence Harris, Charles M. Kahn, Robert L. McDonald and Chester S. Spatt
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 190 (316,048)

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pilot studies, financial market regulation, Securities and Exchange Commission

8.

Equity Issues and Stock Price Dynamics

NBER Working Paper No. w3169
Number of pages: 42 Posted: 22 Aug 2007 Last Revised: 31 Aug 2022
Deborah J. Lucas and Robert L. McDonald
Northwestern University - Kellogg School of Management and Northwestern University - Kellogg School of Management
Downloads 188 (319,080)
Citation 21

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9.

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 - Kellogg School of Management, Northwestern University - Kellogg School of Management and Northwestern University - Kellogg School of Management
Downloads 185 (323,725)
Citation 1

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Equity Issues, Adverse Selection, Asymmetric Information

10.

Deconstructing the Taxation of Packaged Financial Strategies

Number of pages: 48 Posted: 05 May 2015
Thomas J. Brennan and Robert L. McDonald
Harvard Law School and Northwestern University - Kellogg School of Management
Downloads 178 (335,158)

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

11.

Inflation and the Role of Bonds in Investor Portfolios

NBER Working Paper No. w1091
Number of pages: 43 Posted: 28 May 2004 Last Revised: 26 Dec 2022
Zvi Bodie, Alex Kane and Robert L. McDonald
Boston University, University of California, San Diego (UCSD) - Graduate School of International Relations and Pacific Studies (IRPS) and Northwestern University - Kellogg School of Management
Downloads 154 (379,279)

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12.

Why are Real Interest Rates so High?

NBER Working Paper No. w1141
Number of pages: 42 Posted: 05 Jul 2004 Last Revised: 15 Aug 2022
Zvi Bodie, Alex Kane and Robert L. McDonald
Boston University, University of California, San Diego (UCSD) - Graduate School of International Relations and Pacific Studies (IRPS) and Northwestern University - Kellogg School of Management
Downloads 107 (502,584)

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13.

Ratings and Asset Allocation: An Experimental Analysis

Downloads 101 (523,786)

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 80 (613,878)

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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 2023
Robert L. McDonald and Thomas Rietz
Northwestern University - Kellogg School of Management and University of Iowa - Henry B. Tippie College of Business
Downloads 21 (1,039,360)

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14.

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

Number of pages: 12 Posted: 10 Jul 2020
Lawrence Harris, Charles M. Kahn, Robert L. McDonald and Chester S. Spatt
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 90 (564,030)

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

15.

Aig in Hindsight

NBER Working Paper No. w21108
Number of pages: 41 Posted: 20 Apr 2015 Last Revised: 06 Mar 2022
Robert L. McDonald and Anna L. Paulson
Northwestern University - Kellogg School of Management and Federal Reserve Bank of Chicago
Downloads 86 (580,016)
Citation 9

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16.

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 2022
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 86 (580,016)
Citation 3

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17.

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 Dec 2022
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 77 (618,633)
Citation 8

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18.

Bank Financing and Investment Decisions with Asymmetric Information

NBER Working Paper No. w2422
Number of pages: 38 Posted: 29 Dec 2006 Last Revised: 15 Aug 2022
Deborah J. Lucas and Robert L. McDonald
Northwestern University - Kellogg School of Management and Northwestern University - Kellogg School of Management
Downloads 65 (675,866)

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19.

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: 22 Aug 2022
Robert L. McDonald
Northwestern University - Kellogg School of Management
Downloads 64 (680,991)

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20.

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: 13 Feb 2022
Deborah J. Lucas and Robert L. McDonald
Northwestern University - Kellogg School of Management and Northwestern University - Kellogg School of Management
Downloads 60 (702,391)
Citation 2

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21.

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 Dec 2022
Robert A. Korajczyk, Robert L. McDonald and Deborah J. Lucas
Northwestern University - Kellogg School of Management, Northwestern University - Kellogg School of Management and Northwestern University - Kellogg School of Management
Downloads 59 (707,898)
Citation 11

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22.

Dividend and Share Changes: is There a Financing Hierarchy?

NBER Working Paper No. w2029
Number of pages: 57 Posted: 11 Apr 2004 Last Revised: 20 Jul 2022
Naomi S. Soderstrom and Robert L. McDonald
University of Melbourne and Northwestern University - Kellogg School of Management
Downloads 57 (719,128)

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23.

Measuring Margin

NBER Working Paper No. w18724
Number of pages: 23 Posted: 18 Jan 2013 Last Revised: 01 Mar 2023
Robert L. McDonald
Northwestern University - Kellogg School of Management
Downloads 45 (795,806)

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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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