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 12,254

SSRN RANKINGS

Top 12,254

in Total Papers Downloads

3,108

CITATIONS
Rank 624

SSRN RANKINGS

Top 624

in Total Papers Citations

792

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 1,157 (11,188)
Citation 27

Abstract:

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 482 (45,180)
Citation 17

Abstract:

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
Robert L. McDonald and Daniel Siegel
Northwestern University - Kellogg School of Management and Northwestern University - Kellogg School of Management
Downloads 153 (138,646)
Citation 321

Abstract:

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
Downloads 83 (248,643)
Citation 40

Abstract:

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
Robert A. Korajczyk, Deborah J. Lucas and Robert L. McDonald
Downloads 66 (284,586)
Citation 40

Abstract:

5.

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
Downloads 114 (154,839)
Citation 48

Abstract:

Equity Issues, Adverse Selection, Asymmetric Information

6.

Equity Issues and Stock Price Dynamics

NBER Working Paper No. w3169
Number of pages: 42 Posted: 22 Aug 2007
Deborah J. Lucas and Robert L. McDonald
Northwestern University - Kellogg School of Management and Northwestern University - Kellogg School of Management
Downloads 85 (219,983)
Citation 144

Abstract:

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
Downloads 80 (219,983)
Citation 86

Abstract:

Equity Issues, Adverse Selection, Asymmetric Information

8.
Downloads 75 (216,951)
Citation 1

Abstract:

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

9.

Inflation and the Role of Bonds in Investor Portfolios

NBER Working Paper No. w1091
Number of pages: 43 Posted: 28 May 2004
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 69 (255,906)
Citation 6

Abstract:

10.

How Big is the Tax Advantage to Debt?

NBER Working Paper No. w1286
Number of pages: 24 Posted: 26 May 2004
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 50 (322,071)
Citation 26

Abstract:

11.

Why are Real Interest Rates so High?

NBER Working Paper No. w1141
Number of pages: 42 Posted: 05 Jul 2004
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 48 (328,101)
Citation 3

Abstract:

12.

Debt Policy and the Rate of Return Premium to Leverage

NBER Working Paper No. w1439
Number of pages: 35 Posted: 11 Apr 2004
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 44 (330,995)
Citation 46

Abstract:

13.

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 37 (343,249)

Abstract:

behavioral finance, investment decisions, ratings

14.

Dividend and Share Changes: is There a Financing Hierarchy?

NBER Working Paper No. w2029
Number of pages: 57 Posted: 11 Apr 2004
Naomi S. Soderstrom and Robert L. McDonald
Downloads 31 (385,743)
Citation 2

Abstract:

15.

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 30 (313,641)

Abstract:

dividend equivalent taxation, cross-border taxation, delta test

16.

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 29 (389,913)
Citation 5
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Abstract:

17.

Bank Financing and Investment Decisions with Asymmetric Information

NBER Working Paper No. w2422
Number of pages: 38 Posted: 29 Dec 2006
Deborah J. Lucas and Robert L. McDonald
Northwestern University - Kellogg School of Management and Northwestern University - Kellogg School of Management
Downloads 29 (374,114)
Citation 10

Abstract:

18.

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

NBER Working Paper No. w0965
Number of pages: 46 Posted: 03 May 2004
Robert L. McDonald
Downloads 29 (377,887)
Citation 5

Abstract:

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
Deborah J. Lucas and Robert L. McDonald
Northwestern University - Kellogg School of Management and Northwestern University - Kellogg School of Management
Downloads 25 (394,190)
Citation 5

Abstract:

20.
Downloads 22 (398,620)
Citation 1

Abstract:

21.

Aig in Hindsight

NBER Working Paper No. w21108
Number of pages: 41 Posted: 20 Apr 2015
Robert L. McDonald and Anna L. Paulson
Northwestern University - Kellogg School of Management and Federal Reserve Bank of Chicago
Downloads 21 (427,670)
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Abstract:

22.

Measuring Margin

NBER Working Paper No. w18724
Number of pages: 23 Posted: 18 Jan 2013
Robert L. McDonald
Downloads 11 (484,182)

Abstract:

Abstract:

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

Abstract:

Abstract: