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

25

DOWNLOADS
Rank 14,156

SSRN RANKINGS

Top 14,156

in Total Papers Downloads

3,354

CITATIONS
Rank 557

SSRN RANKINGS

Top 557

in Total Papers Citations

996

Scholarly Papers (25)

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 1,373 (13,274)
Citation 48

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Contingent capital, bank regulation, capital

2.

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

Northwestern University Kellogg School, Finance Department Working Paper No. 283; EFA 2002 Berlin Meetings Presented Paper
Number of pages: 43 Posted: 10 Mar 2002
Robert L. McDonald
Downloads 496 (55,592)
Citation 8

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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: 14 Apr 2008
Robert L. McDonald and Daniel Siegel
Northwestern University - Kellogg School of Management and Northwestern University - Kellogg School of Management
Downloads 190 (158,339)
Citation 14

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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 168 (176,726)
Citation 16

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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 91 (282,521)

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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 2010
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 69 (334,080)
Citation 19

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6.
Downloads 121 (230,455)

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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 110 (246,899)
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: 31 Aug 2010
Deborah J. Lucas and Robert L. McDonald
Northwestern University - Kellogg School of Management and Northwestern University - Kellogg School of Management
Downloads 108 (250,146)
Citation 115

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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 2010
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 88 (286,360)

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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 78 (308,156)

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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 2010
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 63 (346,377)
Citation 2

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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 54 (379,301)

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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
Robert L. McDonald and Thomas Rietz
Northwestern University - Kellogg School of Management and University of Iowa - Henry B. Tippie College of Business
Downloads 1 (681,444)
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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: 16 Aug 2010
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 51 (383,028)

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14.

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: 05 Oct 2008
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 48 (393,236)
Citation 2

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15.

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: 23 Aug 2010
Robert L. McDonald
Downloads 39 (426,293)

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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: 16 Aug 2010
Deborah J. Lucas and Robert L. McDonald
Northwestern University - Kellogg School of Management and Northwestern University - Kellogg School of Management
Downloads 37 (434,487)

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17.

Aig in Hindsight

NBER Working Paper No. w21108
Number of pages: 41 Posted: 20 Apr 2015 Last Revised: 27 Apr 2015
Robert L. McDonald and Anna L. Paulson
Northwestern University - Kellogg School of Management and Federal Reserve Bank of Chicago
Downloads 32 (455,677)
Citation 2

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18.

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 2010
Naomi S. Soderstrom and Robert L. McDonald
Downloads 32 (455,677)

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19.

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 2010
Deborah J. Lucas and Robert L. McDonald
Northwestern University - Kellogg School of Management and Northwestern University - Kellogg School of Management
Downloads 32 (455,677)
Citation 1

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20.

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 2010
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 31 (460,367)
Citation 5

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21.

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 30 (465,108)
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22.

Measuring Margin

NBER Working Paper No. w18724
Number of pages: 23 Posted: 18 Jan 2013 Last Revised: 29 Dec 2013
Robert L. McDonald
Downloads 12 (566,872)

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24.

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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