Borja Larrain

Pontificia Universidad Catolica de Chile

Professor

Ave. Vicuna Mackenna 4860, Macul

Santiago

Chile

http://sites.google.com/view/borja-larrain

SCHOLARLY PAPERS

25

DOWNLOADS
Rank 18,645

SSRN RANKINGS

Top 18,645

in Total Papers Downloads

4,071

SSRN CITATIONS
Rank 4,102

SSRN RANKINGS

Top 4,102

in Total Papers Citations

87

CROSSREF CITATIONS

239

Scholarly Papers (25)

Does Firm Value Move Too Much to Be Justified By Subsequent Changes in Cash Flow?

Journal of Financial Economics (JFE), Vol. 87, No. 1, 2008
Number of pages: 55 Posted: 04 Mar 2006 Last Revised: 17 Jun 2009
Borja Larrain and Motohiro Yogo
Pontificia Universidad Catolica de Chile and Princeton University - Department of Economics
Downloads 476 (88,069)

Abstract:

Loading...

Asset valuation, Excess volatility, Payout policy, Valuation ratio

Does Firm Value Move Too Much to Be Justified by Subsequent Changes in Cash Flow?

NBER Working Paper No. w12847
Number of pages: 56 Posted: 20 Jan 2007 Last Revised: 10 Aug 2022
Borja Larrain and Motohiro Yogo
Pontificia Universidad Catolica de Chile and Princeton University - Department of Economics
Downloads 68 (480,662)
Citation 12

Abstract:

Loading...

Destabilizing Financial Advice: Evidence from Pension Fund Reallocations

Forthcoming: Review of Financial Studies
Number of pages: 52 Posted: 02 Feb 2015 Last Revised: 10 Jan 2018
Zhi Da, Borja Larrain, Clemens Sialm and José Tessada
University of Notre Dame - Mendoza College of Business, Pontificia Universidad Catolica de Chile, University of Texas at Austin - McCombs School of Business and Business School, Pontificia Universidad Católica
Downloads 343 (128,471)
Citation 6

Abstract:

Loading...

Coordinated Noise Trading, Pension Funds, Price Pressure, Financial Advisors, Social Media

Coordinated Noise Trading: Evidence from Pension Fund Reallocations

NBER Working Paper No. w22161
Number of pages: 50 Posted: 11 Apr 2016 Last Revised: 22 Jul 2022
Zhi Da, Borja Larrain, Clemens Sialm and José Tessada
University of Notre Dame - Mendoza College of Business, Pontificia Universidad Catolica de Chile, University of Texas at Austin - McCombs School of Business and Business School, Pontificia Universidad Católica
Downloads 16 (798,012)

Abstract:

Loading...

3.

Ownership Dynamics with Large Shareholders: An Empirical Analysis

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 86 Posted: 29 Nov 2011
affiliation not provided to SSRN, Pontificia Universidad Catolica de Chile and City University London - Bayes Business School
Downloads 314 (141,954)
Citation 3

Abstract:

Loading...

ownership dynamics, large shareholders, pyramids, market timing

4.

The Internal Capital Markets of Business Groups: Evidence from Intra-Group Loans

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 66 Posted: 14 Oct 2013
Pontificia Unievrsidad Católica de Chile, Pontificia Universidad Catolica de Chile, Einaudi Institute for Economics and Finance (EIEF) and City University London - Bayes Business School
Downloads 294 (152,052)
Citation 11

Abstract:

Loading...

business groups, internal capital markets, expropriation

5.

Finance and the Business Cycle: International, Inter-Industry Evidence

Number of pages: 41 Posted: 08 Mar 2004
Matías Braun and Borja Larrain
ESE Business School, Universidad de los Andes and Pontificia Universidad Catolica de Chile
Downloads 292 (153,122)
Citation 15

Abstract:

Loading...

Credit Channel, Financial Development, Asset Hardness

6.

The Effects of Losing Business Group Affiliation

Forthcoming Review Financial Studies
Number of pages: 72 Posted: 09 May 2016 Last Revised: 19 Apr 2018
Pontificia Universidad Catolica de Chile, Universidad de los Andes, Chile and City University London - Bayes Business School
Downloads 218 (203,940)
Citation 2

Abstract:

Loading...

Business groups; conglomerates; internal capital markets

The Effects of Going Public on Firm Performance and Commercialization Strategy: Evidence from International IPOs

Tuck School of Business Working Paper No. 3830690
Number of pages: 60 Posted: 21 Apr 2021 Last Revised: 17 Oct 2022
Pontificia Universidad Catolica de Chile, Dartmouth College - Tuck School of Business, Universidad de los Andes, Chile and City University London - Bayes Business School
Downloads 194 (226,692)

Abstract:

Loading...

IPOs, Profitability, Commercialization, Instrumental Variables

The Effects of Going Public on Firm Performance and Commercialization Strategy: Evidence from International Ipos

NBER Working Paper No. w29219
Number of pages: 64 Posted: 13 Sep 2021 Last Revised: 03 Nov 2022
Pontificia Universidad Catolica de Chile, Dartmouth College - Tuck School of Business, Universidad de los Andes, Chile and City University London - Bayes Business School
Downloads 8 (884,127)
  • Add to Cart

Abstract:

Loading...

8.

Controlling Shareholders and Market Timing in Share Issuance

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 73 Posted: 18 Mar 2011 Last Revised: 28 Mar 2013
Borja Larrain and Francisco Urzúa I.
Pontificia Universidad Catolica de Chile and City University London - Bayes Business School
Downloads 194 (226,850)
Citation 3

Abstract:

Loading...

9.

What Moves Aggregate Investment?

Number of pages: 56 Posted: 01 Oct 2009 Last Revised: 18 Mar 2010
Long Chen, Long Chen, Zhi Da and Borja Larrain
Cheung Kong Graduate School of BusinessLuohan Academy, University of Notre Dame - Mendoza College of Business and Pontificia Universidad Catolica de Chile
Downloads 179 (243,313)
Citation 2

Abstract:

Loading...

aggregate investment, variance decomposition, q-theory, earnings shocks, cash flow news, discount rate news.

10.

What Moves Investment Growth?

Number of pages: 42 Posted: 18 Mar 2011
Long Chen, Long Chen, Zhi Da and Borja Larrain
Cheung Kong Graduate School of BusinessLuohan Academy, University of Notre Dame - Mendoza College of Business and Pontificia Universidad Catolica de Chile
Downloads 176 (246,844)
Citation 4

Abstract:

Loading...

aggregate investment, variance decomposition, q-theory, earnings shocks, cash flow news, discount rate news

11.

How Do Internal Capital Markets Work? Evidence from the Great Recession

Number of pages: 63 Posted: 20 Oct 2017 Last Revised: 03 Sep 2019
Pontificia Unievrsidad Católica de Chile, Pontificia Universidad Catolica de Chile, Einaudi Institute for Economics and Finance (EIEF) and City University London - Bayes Business School
Downloads 143 (292,849)
Citation 2

Abstract:

Loading...

internal capital markets, great recession, business groups, centrality, control rights

12.

Financial Development, Financial Constraints, and the Volatility of Industrial Output

FRB of Boston Public Policy Discussion Paper No. 04-6
Number of pages: 50 Posted: 04 Mar 2006
Borja Larrain
Pontificia Universidad Catolica de Chile
Downloads 137 (302,861)
Citation 4

Abstract:

Loading...

financial development, financial constraints, volatility

13.

Supply Matters for Asset Prices: Evidence from Ipos in Emerging Markets

Review of Financial Studies, Forthcoming
Number of pages: 38 Posted: 08 Mar 2006 Last Revised: 25 Feb 2008
Matías Braun and Borja Larrain
ESE Business School, Universidad de los Andes and Pontificia Universidad Catolica de Chile
Downloads 129 (316,974)
Citation 4

Abstract:

Loading...

14.

Equity Issues, Market Timing, and Limits to Arbitrage

Number of pages: 59 Posted: 25 Mar 2008
Borja Larrain
Pontificia Universidad Catolica de Chile
Downloads 124 (326,352)
Citation 1

Abstract:

Loading...

Equity issues, market timing, limits to arbitrage

15.

Do Banks Affect the Level and Composition of Industrial Volatility and How?

Number of pages: 56 Posted: 12 Oct 2004
Borja Larrain
Pontificia Universidad Catolica de Chile
Downloads 116 (342,229)
Citation 3

Abstract:

Loading...

Banks, financial constraints, financial development, idiosyncratic volatility, volatility

16.

Investor Protection and Corporate Control

Journal of Corporate Finance, Forthcoming
Number of pages: 47 Posted: 11 Oct 2017
Borja Larrain, Matias Tapia and Francisco Urzúa I.
Pontificia Universidad Catolica de Chile, Instituto de Economía, Pontificia Universidad Catolica de Chile and City University London - Bayes Business School
Downloads 107 (361,869)

Abstract:

Loading...

17.

Tunneling Through Share Issuance

Number of pages: 60 Posted: 14 Mar 2012
Borja Larrain
Pontificia Universidad Catolica de Chile
Downloads 105 (366,471)

Abstract:

Loading...

tunneling, share issuance, market timing, large shareholders

18.

Ownership Concentration and Firm Value: New Evidence from Owner Stakes in IPOs

Number of pages: 63 Posted: 20 May 2020 Last Revised: 24 Sep 2020
Pontificia Universidad Catolica de Chile, Rotterdam School of Management, Erasmus University, Universidad de los Andes, Chile and City University London - Bayes Business School
Downloads 89 (407,362)

Abstract:

Loading...

ownership, agency costs, Tobin's Q, IPOs

19.

CEO Compensation Among Firms Controlled by Large Shareholders: Evidence from Emerging Markets

Pontificia Universidad Catolica de Chile Documento de Trabajo No. 381, 2010
Number of pages: 50 Posted: 03 Dec 2010
Francisco A. Gallego and Borja Larrain
Pontificia Universidad Catolica de Chile and Pontificia Universidad Catolica de Chile
Downloads 86 (416,046)
Citation 1

Abstract:

Loading...

20.

The Stock Market and Cross Country Differences in Relative Prices

FRB of Boston Working Paper No. 05-6
Number of pages: 47 Posted: 26 Jul 2005
Borja Larrain
Pontificia Universidad Catolica de Chile
Downloads 85 (419,007)
Citation 1

Abstract:

Loading...

21.

International Risk-Taking, Volatility, and Consumption Growth

FRB of Boston Working Paper No. 06-17
Number of pages: 64 Posted: 17 Dec 2006
Maria Giduskova and Borja Larrain
Federal Reserve Bank of Boston and Pontificia Universidad Catolica de Chile
Downloads 67 (478,080)

Abstract:

Loading...

22.
Downloads 61 (501,265)
Citation 1

Do Business Groups Change with Market Development?

Journal of Economics & Management Strategy, Forthcoming
Number of pages: 57 Posted: 29 Jul 2015
Borja Larrain and Francisco Urzúa I.
Pontificia Universidad Catolica de Chile and City University London - Bayes Business School
Downloads 61 (508,603)
Citation 1

Abstract:

Loading...

business groups, development, institutions

Do Business Groups Change with Market Development?

Journal of Economics & Management Strategy, Vol. 25, Issue 3, pp. 750-784, 2016
Number of pages: 35 Posted: 20 Jul 2016
Borja Larrain and Francisco Urzúa I.
Pontificia Universidad Catolica de Chile and City University London - Bayes Business School
Downloads 0

Abstract:

Loading...

23.

Non-Fundamental Flows and Foreign Exchange Rates

Number of pages: 46 Posted: 15 Oct 2022
Felipe Aldunate, Zhi Da, Borja Larrain and Clemens Sialm
Universidad de los Andes, Chile - ESE Business School, University of Notre Dame - Mendoza College of Business, Pontificia Universidad Catolica de Chile and University of Texas at Austin - McCombs School of Business
Downloads 50 (548,531)

Abstract:

Loading...

Exchange Rates; CIP Deviations; Pension Funds; Market Efficiency

24.

Do Ipos Affect the Prices of Other Stocks? Evidence from Emerging Markets

The Review of Financial Studies, Vol. 22, Issue 4, pp. 1505-1544, 2009
Posted: 23 Mar 2009 Last Revised: 04 May 2012
Matías Braun and Borja Larrain
ESE Business School, Universidad de los Andes and Pontificia Universidad Catolica de Chile

Abstract:

Loading...

G12, G14, G15

25.

Do Banks Affect the Level and Composition of Industrial Volatility?

Posted: 14 Jun 2005
Borja Larrain
Pontificia Universidad Catolica de Chile

Abstract:

Loading...

Banks, financial constraints, idiosyncratic volatility, volatility, inventories