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Ivo Welch

University of California, Los Angeles (UCLA)

Professor

110 Westwood Plaza

C519

Los Angeles, CA 90095-1481

United States

http://www.ivo-welch.info

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

  • University of California, Los Angeles (UCLA)

    • Email
    • Tel: 310-825-2508
SCHOLARLY PAPERS

73

DOWNLOADS
Rank 68

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Top 68

in Total Papers Downloads

91,305

CITATIONS
Rank 121

SSRN RANKINGS

Top 121

in Total Papers Citations

2,368

Scholarly Papers (73)

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1.

A Review of IPO Activity, Pricing and Allocations

Downloads 14,523 ( 164)
Citation 372

A Review of IPO Activity, Pricing and Allocations

Yale ICF Working Paper No. 02-01
Number of pages: 45 Posted: 09 Jan 2002
Ivo Welch and Jay R. Ritter
University of California, Los Angeles (UCLA) and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 14,335 (168)
Citation 372

Abstract:

IPOs

A Review of IPO Activity, Pricing, and Allocations

NBER Working Paper No. w8805
Number of pages: 45 Posted: 21 Feb 2002 Last Revised: 26 Oct 2010
Ivo Welch and Jay R. Ritter
University of California, Los Angeles (UCLA) and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 188 (134,734)
Citation 372

Abstract:

A Review of IPO Activity, Pricing, and Allocations

Journal of Finance, Vol. 57, pp. 1795-1828, 2002
Posted: 30 Dec 2003
Ivo Welch and Jay R. Ritter
University of California, Los Angeles (UCLA) and University of Florida - Department of Finance, Insurance and Real Estate

Abstract:

2.

Portfolio Performance Manipulation and Manipulation-Proof Performance Measures

Downloads 7,307 ( 579)
Citation 101

Portfolio Performance Manipulation and Manipulation-Proof Performance Measures

Yale ICF Working Paper No. 02-08, AFA 2003 Washington, DC Meetings
Number of pages: 48 Posted: 22 Mar 2002
William N. Goetzmann, Jonathan E. Ingersoll Jr., Matthew I. Spiegel and Ivo Welch
Yale School of Management - International Center for Finance, Yale School of Management - International Center for Finance, Yale University - Yale School of Management, International Center for Finance and University of California, Los Angeles (UCLA)
Downloads 7,307 (571)
Citation 101

Abstract:

Portfolio Performance Manipulation and Manipulation-Proof Performance Measures

The Review of Financial Studies, Vol. 20, Issue 5, pp. 1503-1546, 2007
Posted: 26 Jun 2008
Jonathan E. Ingersoll Jr., Matthew I. Spiegel, William N. Goetzmann and Ivo Welch
Yale School of Management - International Center for Finance, Yale University - Yale School of Management, International Center for Finance, Yale School of Management - International Center for Finance and University of California, Los Angeles (UCLA)

Abstract:

G11, G23, G24

3.

Capital Structure and Stock Returns

Downloads 6,665 ( 679)
Citation 205

Capital Structure and Stock Returns

Yale ICF Working Paper No. 02-03; EFMA 2002 London Meetings
Number of pages: 35 Posted: 25 Jan 2002
Ivo Welch
University of California, Los Angeles (UCLA)
Downloads 6,665 (670)
Citation 205

Abstract:

Capital Structure and Stock Returns

Journal of Political Economy, Vol. 112, No. 1, Pt. 1, pp. 106-31, February 2004
Posted: 25 Jan 2004
Ivo Welch
University of California, Los Angeles (UCLA)

Abstract:

4.

The Top Achievements, Challenges, and Failures of Finance

Yale ICF Working Paper No. 00-67
Number of pages: 19 Posted: 28 Nov 2001
Ivo Welch
University of California, Los Angeles (UCLA)
Downloads 5,899 (830)
Citation 4

Abstract:

5.

Investor Sentiment Measures

Downloads 5,393 ( 1,006)
Citation 41

Investor Sentiment Measures

Number of pages: 50 Posted: 14 Sep 2004
Lily Xiaoli Qiu and Ivo Welch
Brown University - Department of Economics and University of California, Los Angeles (UCLA)
Downloads 5,199 (1,044)
Citation 41

Abstract:

investor sentiment, consumer confidence

Investor Sentiment Measures

NBER Working Paper No. w10794
Number of pages: 51 Posted: 03 Aug 2006
Lily Xiaoli Qiu and Ivo Welch
Brown University - Department of Economics and University of California, Los Angeles (UCLA)
Downloads 194 (130,796)
Citation 41

Abstract:

6.

Research Roundtable Discussion: The Market Risk Premium

Number of pages: 10 Posted: 27 Jun 2000
Ivo Welch
University of California, Los Angeles (UCLA)
Downloads 4,210 (1,456)
Citation 2

Abstract:

7.

Predicting the Equity Premium with Dividend Ratios

Downloads 3,755 ( 1,868)
Citation 170

Predicting the Equity Premium with Dividend Ratios

Yale ICF Working Paper No. 02-04
Number of pages: 36 Posted: 28 Apr 1999
Amit Goyal and Ivo Welch
University of Lausanne and University of California, Los Angeles (UCLA)
Downloads 3,675 (1,903)
Citation 170

Abstract:

Predicting the Equity Premium with Dividend Ratios

NBER Working Paper No. w8788
Number of pages: 33 Posted: 14 Feb 2002
Amit Goyal and Ivo Welch
University of Lausanne and University of California, Los Angeles (UCLA)
Downloads 80 (261,481)
Citation 170

Abstract:

8.

A Comprehensive Look at the Empirical Performance of Equity Premium Prediction

Downloads 3,080 ( 2,666)
Citation 277

A Comprehensive Look at the Empirical Performance of Equity Premium Prediction

Yale ICF Working Paper No. 04-11
Number of pages: 59 Posted: 30 Apr 2004
Amit Goyal and Ivo Welch
University of Lausanne and University of California, Los Angeles (UCLA)
Downloads 2,986 (2,764)
Citation 277

Abstract:

Equity Premium, Prediction, Stock Market

A Comprehensive Look at the Empirical Performance of Equity Premium Prediction

NBER Working Paper No. w10483
Number of pages: 53 Posted: 26 May 2004 Last Revised: 25 Aug 2010
Amit Goyal and Ivo Welch
University of Lausanne and University of California, Los Angeles (UCLA)
Downloads 94 (235,737)
Citation 277

Abstract:

A Comprehensive Look at the Empirical Performance of Equity Premium Prediction

The Review of Financial Studies, Vol. 21, Issue 4, pp. 1455-1508, 2008
Posted: 08 Aug 2008
Ivo Welch and Amit Goyal
University of California, Los Angeles (UCLA) and University of Lausanne

Abstract:

G12, G14

9.

Common Problems in Capital Structure Research: The Financial-Debt-To-Asset Ratio, and Issuing Activity vs. Leverage Changes

AFA 2008 New Orleans Meetings Paper
Number of pages: 18 Posted: 20 Sep 2006 Last Revised: 22 Oct 2010
Ivo Welch
University of California, Los Angeles (UCLA)
Downloads 3,020 (2,374)
Citation 22

Abstract:

capital structure

10.

Liquidity and Financial Market Runs

Yale ICF Working Paper No. 02-11; AFA 2003 Washington, DC Meetings
Number of pages: 35 Posted: 15 Jul 2003
Antonio E. Bernardo and Ivo Welch
University of California, Los Angeles (UCLA) - Finance Area and University of California, Los Angeles (UCLA)
Downloads 2,694 (3,274)
Citation 62

Abstract:

11.

The Link between Fama-French Time-Series Tests and Fama-Macbeth Cross-Sectional Tests

Number of pages: 21 Posted: 23 Sep 2008 Last Revised: 25 Nov 2008
Ivo Welch
University of California, Los Angeles (UCLA)
Downloads 2,610 (2,361)
Citation 2

Abstract:

Asset Pricing, Fama-French, Fama-Macbeth, APT, CAPM

12.

A Critique of Recent Quantitative and Deep-Structure Modeling in Capital Structure Research and Beyond

AFA 2011 Denver Meetings Paper
Number of pages: 44 Posted: 04 Mar 2010 Last Revised: 18 Sep 2013
Ivo Welch
University of California, Los Angeles (UCLA)
Downloads 2,604 (3,249)
Citation 7

Abstract:

Quantitative Structural Modeling

13.

The Equity Premium Consensus Forecast Revisited

Cowles Foundation Discussion Paper No. 1325
Number of pages: 15 Posted: 27 Sep 2001
Ivo Welch
University of California, Los Angeles (UCLA)
Downloads 2,472 (3,624)
Citation 41

Abstract:

Equity Premium

14.

A Note On 'Predicting Returns With Financial Ratios'

Yale ICF Working Paper No. 04-02
Number of pages: 12 Posted: 27 Jan 2004
Ivo Welch and Amit Goyal
University of California, Los Angeles (UCLA) and University of Lausanne
Downloads 2,135 (4,615)
Citation 1

Abstract:

15.

An Economic Approach to the Psychology of Change: Amnesia, Inertia, and Impulsiveness

Downloads 1,489 ( 9,280)
Citation 13

An Economic Approach to the Psychology of Change: Amnesia, Inertia, and Impulsiveness

Yale ICF Working Paper No. 00-47, Cowles Foundation Discussion Paper No. 1306, Dice Working Paper No. 2000-4
Number of pages: 46 Posted: 17 May 2001 Last Revised: 20 Aug 2009
David A. Hirshleifer and Ivo Welch
University of California, Irvine - Paul Merage School of Business and University of California, Los Angeles (UCLA)
Downloads 1,489 (9,109)
Citation 13

Abstract:

Memory, Inertia, Amnesia, Behavioral Economics

An Economic Approach to the Psychology of Change: Amnesia, Inertia, and Impulsiveness

Journal of Economics and Management Strategy, Vol. 11, No. 3, pp. 379-421, Fall 2002
Posted: 01 Dec 2008
David A. Hirshleifer and Ivo Welch
University of California, Irvine - Paul Merage School of Business and University of California, Los Angeles (UCLA)

Abstract:

16.

Views of Financial Economists on the Equity Premium and on Professional Controversies

Downloads 1,449 ( 9,701)
Citation 98

Views of Financial Economists on the Equity Premium and on Professional Controversies

Number of pages: 52 Posted: 27 Apr 2000
Ivo Welch
University of California, Los Angeles (UCLA)
Downloads 1,449 (9,504)
Citation 98

Abstract:

Views of Financial Economists on the Equity Premium and On Professional Controversies

Journal of Business
Posted: 05 Jul 2000
Ivo Welch
University of California, Los Angeles (UCLA)

Abstract:

17.

The Consensus Estimate for the Equity Premium by Academic Financial Economists in December 2007

Number of pages: 14 Posted: 17 Jan 2008 Last Revised: 22 Jul 2009
Ivo Welch
University of California, Los Angeles (UCLA)
Downloads 1,274 (10,106)
Citation 11

Abstract:

equity premium

18.

Who Should Pay for Bankruptcy Costs?

Yale Law & Economics Research Paper No. 277; Yale ICF Working Paper No. 03-08
Number of pages: 45 Posted: 01 May 2003
Ivo Welch, Arturo Bris and Alan Schwartz
University of California, Los Angeles (UCLA), IMD International and Yale Law School
Downloads 1,155 (13,495)
Citation 10

Abstract:

19.

On the Evolution of Overconfidence and Entrepreneurs

Downloads 1,150 ( 14,048)
Citation 70

On the Evolution of Overconfidence and Entrepreneurs

Yale Cowles Foundation Discussion Paper No. 1307; Yale ICF Working Paper No. 00-48
Number of pages: 53 Posted: 16 Jul 2001
Antonio E. Bernardo and Ivo Welch
University of California, Los Angeles (UCLA) - Finance Area and University of California, Los Angeles (UCLA)
Downloads 1,150 (13,759)
Citation 70

Abstract:

Evolution, Overconfidence, Behavioral Economics

On the Evolution of Overconfidence and Entrepreneurs

University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship
Posted: 28 Oct 2009
Antonio E. Bernardo and Ivo Welch
University of California, Los Angeles (UCLA) - Finance Area and University of California, Los Angeles (UCLA)

Abstract:

Theoretical, Overconfidence, Self-efficacy, Management decisions, Startups, Groups, Risk orientation, Survival rates

20.

Optimized vs. Sort-Based Portfolios

AFA 2010 Atlanta Meetings Paper
Number of pages: 45 Posted: 14 Jan 2009 Last Revised: 28 Dec 2009
Gerard Hoberg and Ivo Welch
University of Southern California - Marshall School of Business and University of California, Los Angeles (UCLA)
Downloads 977 (15,476)

Abstract:

book-to-market, HML, characteristics, factors

21.

A Theory of Fads, Fashion, Custom, and Cultural Change as Informational Cascades

Journal of Political Economy, Vol. 100, No. 5, pp. 992-1026, October 1992
Number of pages: 51 Posted: 01 Dec 2008 Last Revised: 18 May 2009
Sushil Bikhchandani, Ivo Welch and David A. Hirshleifer
University of California, Los Angeles - Anderson School of Management, University of California, Los Angeles (UCLA) and University of California, Irvine - Paul Merage School of Business
Downloads 949 (14,962)
Citation 463

Abstract:

22.

The Optimal Concentration of Creditors

Downloads 949 ( 18,822)
Citation 28

The Optimal Concentration of Creditors

EFA 2002 Berlin Meetings Presented Paper; Yale ICF Working Paper No. 00-65; Cowles Foundation Discussion Paper No. 1338
Number of pages: 33 Posted: 27 Nov 2001
Ivo Welch and Arturo Bris
University of California, Los Angeles (UCLA) and IMD International
Downloads 915 (19,514)
Citation 28

Abstract:

Banking, Capital Structure

The Optimal Concentration of Creditors

NBER Working Paper No. w8652
Number of pages: 42 Posted: 14 Dec 2001 Last Revised: 25 Oct 2010
Arturo Bris and Ivo Welch
IMD International and University of California, Los Angeles (UCLA)
Downloads 34 (393,320)
Citation 28

Abstract:

23.

The Costs of Bankruptcy

Journal of Finance, Forthcoming, Yale ICF Working Paper No. 04-13, AFA 2005 Philadelphia Meetings Paper
Number of pages: 81 Posted: 07 Dec 2005
Arturo Bris, Ivo Welch and Ning Zhu
IMD International, University of California, Los Angeles (UCLA) and China Academy of Financial Research (CAFR)
Downloads 944 (17,507)
Citation 94

Abstract:

24.

Reconciling Estimates of the Speed of Adjustment of Leverage Ratios

Number of pages: 49 Posted: 26 Jan 2010 Last Revised: 22 Oct 2010
Peter Iliev and Ivo Welch
Pennsylvania State University - Department of Finance and University of California, Los Angeles (UCLA)
Downloads 902 (17,204)
Citation 24

Abstract:

Capital Structure, Leverage Ratios, Speed of Adjustment

25.

Referee Recommendations

Number of pages: 36 Posted: 29 Aug 2012 Last Revised: 03 Jun 2013
Ivo Welch
University of California, Los Angeles (UCLA)
Downloads 879 (19,022)
Citation 1

Abstract:

26.

A Theory of Legal Presumptions

Downloads 812 ( 23,687)
Citation 41

A Theory of Legal Presumptions

USC Law School, Olin Working Paper No. 99-8
Number of pages: 50 Posted: 04 May 1999
Antonio E. Bernardo, Eric L. Talley and Ivo Welch
University of California, Los Angeles (UCLA) - Finance Area, Columbia University - School of Law and University of California, Los Angeles (UCLA)
Downloads 645 (32,162)
Citation 41

Abstract:

A Theory of Legal Presumptions

Journal of Law, Economics, and Organization, Vol. 16, No. 1, Spring 2000
Number of pages: 49 Posted: 11 Jul 2000
Antonio E. Bernardo, Eric L. Talley and Ivo Welch
University of California, Los Angeles (UCLA) - Finance Area, Columbia University - School of Law and University of California, Los Angeles (UCLA)
Downloads 167 (150,218)
Citation 41

Abstract:

27.

Aged and Recent Market Betas in Securities Pricing

Number of pages: 56 Posted: 17 Dec 2009
Gerard Hoberg and Ivo Welch
University of Southern California - Marshall School of Business and University of California, Los Angeles (UCLA)
Downloads 759 (22,605)
Citation 4

Abstract:

market-beta, factor pricing, APT

28.

The Costs of Bankruptcy Chapter 7 Cash Auctions vs. Chapter 11 Bargaining

EFA 2004 Maastricht Meetings Paper No. 5155
Number of pages: 71 Posted: 03 Aug 2004
Arturo Bris, Ivo Welch and Ning Zhu
IMD International, University of California, Los Angeles (UCLA) and China Academy of Financial Research (CAFR)
Downloads 715 (26,664)
Citation 9

Abstract:

29.

Plausibility

Number of pages: 23 Posted: 27 Feb 2015 Last Revised: 23 Jun 2015
Ivo Welch
University of California, Los Angeles (UCLA)
Downloads 671 (19,108)

Abstract:

causality, plausibility

30.

A Different Way to Estimate the Equity Premium (for CAPM and One-Factor Model Use Only)

Number of pages: 11 Posted: 24 Dec 2007 Last Revised: 25 Nov 2008
Ivo Welch
University of California, Los Angeles (UCLA)
Downloads 620 (31,899)
Citation 6

Abstract:

Beta, Capital Budgeting, CAPM

31.

Do Powerful Politicians Really Cause Corporate Downsizing?

Number of pages: 8 Posted: 05 Sep 2014 Last Revised: 21 Oct 2015
Jason Snyder and Ivo Welch
University of California, Los Angeles (UCLA) - Anderson School of Management and University of California, Los Angeles (UCLA)
Downloads 569 (21,614)

Abstract:

Earmarks, Investment

32.

The Effect Of Socially Activist Investment Policies On The Financial Markets: Evidence From The South African Boycott

London Business School Institute of Finance and Accounting working paper 222
Number of pages: 58 Posted: 11 Nov 1996
Siew Hong Teoh, Ivo Welch and C. Paul Wazzan
University of California Irvine, Paul Merage School of Business, University of California, Los Angeles (UCLA) and Berkeley Research Group,LLC
Downloads 560 (35,568)
Citation 34

Abstract:

33.

Why is Bank Debt Senior? A Theory of Priority Based on Influence Costs

Number of pages: 44 Posted: 21 Aug 1996
Ivo Welch
University of California, Los Angeles (UCLA)
Downloads 553 (38,779)
Citation 5

Abstract:

34.

A Model of Operational Slack: The Short-Run, Medium-Run, and Long-Run Consequences of Limited Attention

AFA 2010 Atlanta Meetings Paper
Number of pages: 48 Posted: 02 Jan 2007 Last Revised: 09 Dec 2016
Peter Iliev and Ivo Welch
Pennsylvania State University - Department of Finance and University of California, Los Angeles (UCLA)
Downloads 395 (54,171)
Citation 1

Abstract:

Attention, Project Choice, Slack, Overinvestment, Diversification Discount

35.

Ethics (Web Chapter)

Number of pages: 50 Posted: 23 Jan 2006 Last Revised: 08 Feb 2015
Ivo Welch
University of California, Los Angeles (UCLA)
Downloads 336 (58,415)

Abstract:

36.

Leverage and Preemptive Selling of Financial Institutions

AFA 2011 Denver Meetings Paper
Number of pages: 50 Posted: 31 Oct 2009 Last Revised: 03 Oct 2010
Antonio E. Bernardo and Ivo Welch
University of California, Los Angeles (UCLA) - Finance Area and University of California, Los Angeles (UCLA)
Downloads 285 (86,966)
Citation 2

Abstract:

Leverage, Banks, Financial Institutions, Preemptive Selling, Fire Sales

37.

Sharpening Sharpe Ratios

NBER Working Paper No. w9116
Number of pages: 51 Posted: 23 Aug 2002
William N. Goetzmann, Jonathan E. Ingersoll Jr., Matthew I. Spiegel and Ivo Welch
Yale School of Management - International Center for Finance, Yale School of Management - International Center for Finance, Yale University - Yale School of Management, International Center for Finance and University of California, Los Angeles (UCLA)
Downloads 256 (78,896)
Citation 45

Abstract:

38.

Noise in Stock Returns as Natural Experiments: Forward- and Backward-Looking Market-Betas, Momentum, and Reversals

Number of pages: 49 Posted: 23 Mar 2009 Last Revised: 14 May 2009
Gerard Hoberg and Ivo Welch
University of Southern California - Marshall School of Business and University of California, Los Angeles (UCLA)
Downloads 251 (91,525)

Abstract:

39.

A Model of Optimal Corporate Bailouts

Number of pages: 41 Posted: 05 May 2011 Last Revised: 05 May 2012
Antonio E. Bernardo, Eric L. Talley and Ivo Welch
University of California, Los Angeles (UCLA) - Finance Area, Columbia University - School of Law and University of California, Los Angeles (UCLA)
Downloads 235 (97,495)
Citation 1

Abstract:

Government Bailout, Moral Hazard, GM, Chrysler, TARP

40.

A Quasi-Experimental Test of the Risk-Reward Paradigm

Downloads 158 (157,556)

A Quasi-Experimental Test of the Risk-Reward Paradigm

Number of pages: 49 Posted: 31 Mar 2016 Last Revised: 06 Jun 2017
Ivo Welch
University of California, Los Angeles (UCLA)
Downloads 149 (166,015)

Abstract:

Financing, Leverage, Capital Structure, Quasi-Experiments, Behavioral Finance

Levered Returns

NBER Working Paper No. w22150
Number of pages: 42 Posted: 11 Apr 2016
Ivo Welch
University of California, Los Angeles (UCLA)
Downloads 9 (528,108)
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Abstract:

41.

Optimal Debt Financing and the Pricing of Illiquid Assets

Number of pages: 27 Posted: 15 Mar 2011
Antonio E. Bernardo and Ivo Welch
University of California, Los Angeles (UCLA) - Finance Area and University of California, Los Angeles (UCLA)
Downloads 87 (235,716)

Abstract:

Liquidity, Returns, Volatility, Limits to Arbitrage

42.

Columbus' Egg: The Real Determinant of Capital Structure

NBER Working Paper No. w8782
Number of pages: 44 Posted: 14 Feb 2002
Ivo Welch
University of California, Los Angeles (UCLA)
Downloads 87 (227,636)
Citation 10

Abstract:

43.

Capital Structure with Endogenous Liquidation Values

Number of pages: 36 Posted: 19 Oct 2014 Last Revised: 03 Oct 2015
Antonio E. Bernardo, Alex Fabisiak and Ivo Welch
University of California, Los Angeles (UCLA) - Finance Area, University of California, Los Angeles (UCLA) - Anderson School of Management and University of California, Los Angeles (UCLA)
Downloads 81 (196,805)

Abstract:

Capital Structure, Liquidation Values, Financial Distress

44.

Contracting Externalities and Mandatory Menus in the U.S. Corporate Bankruptcy Code

Number of pages: 50 Posted: 22 Dec 2013 Last Revised: 03 Mar 2015
Antonio E. Bernardo, Alan Schwartz and Ivo Welch
University of California, Los Angeles (UCLA) - Finance Area, Yale Law School and University of California, Los Angeles (UCLA)
Downloads 74 (229,168)

Abstract:

Bankruptcy, Opt-Out Choice, Chapter 11

45.

The (Time-Varying) Importance of Disaster Risk

Financial Analysts Journal, Forthcoming July/August 2016
Number of pages: 32 Posted: 22 Apr 2015 Last Revised: 18 Feb 2016
Ivo Welch
University of California, Los Angeles (UCLA)
Downloads 64 (119,405)

Abstract:

black swans, disasters, catastrophes, dark events, equity premium

46.

Extended Stock Returns in Response to S&P 500 Index Changes

Number of pages: 46 Posted: 02 Aug 2015 Last Revised: 04 Oct 2016
Nimesh Patel and Ivo Welch
University of California, Los Angeles (UCLA), Anderson School of Management and University of California, Los Angeles (UCLA)
Downloads 58 (130,997)

Abstract:

S&P 500

47.

Designing Corporate Bailouts

Journal of Law and Economics, Vol. 59, No. 1, 2016
Number of pages: 31 Posted: 13 Dec 2013 Last Revised: 02 Jan 2017
Antonio E. Bernardo, Eric L. Talley and Ivo Welch
University of California, Los Angeles (UCLA) - Finance Area, Columbia University - School of Law and University of California, Los Angeles (UCLA)
Downloads 46 (224,562)

Abstract:

Government Bailout, Moral Hazard, TARP, General Motors, Chrysler

48.

Financial Market Runs

NBER Working Paper No. w9251
Number of pages: 44 Posted: 04 Oct 2002
Antonio E. Bernardo and Ivo Welch
University of California, Los Angeles (UCLA) - Finance Area and University of California, Los Angeles (UCLA)
Downloads 41 (346,244)
Citation 60

Abstract:

49.

Two Common Problems in Capital Structure Research: The Financial-Debt-To-Asset Ratio and Issuing Activity Versus Leverage Changes

International Review of Finance, Vol. 11, No. 1, pp. 1-17, 2011
Number of pages: 17 Posted: 09 Mar 2011
Ivo Welch
University of California, Los Angeles (UCLA)
Downloads 2 (534,229)
Citation 18
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Abstract:

50.

Market-Beta and Downside Risk

Number of pages: 36 Posted: 18 Jul 2017 Last Revised: 31 Aug 2017
Yaron Levi and Ivo Welch
University of Southern California - Marshall School of Business and University of California, Los Angeles (UCLA)
Downloads 0 (263,031)

Abstract:

Market Beta, Crash Risk

51.

Asset Redeployability, Liquidation Value, and Endogenous Capital Structure Heterogeneity

Number of pages: 58 Posted: 08 Jun 2017 Last Revised: 26 Aug 2017
Antonio E. Bernardo, Alex Fabisiak and Ivo Welch
University of California, Los Angeles (UCLA) - Finance Area, University of California, Los Angeles (UCLA) - Anderson School of Management and University of California, Los Angeles (UCLA)
Downloads 0 (311,238)

Abstract:

Debt, Distress, Fire Sales, Redployability, Heterogeneity Endogenous Pricing

52.

Leverage- and Cash-Based Tests of Risk and Reward with Improved Identification

Number of pages: 59 Posted: 08 Jun 2017
Ivo Welch
University of California, Los Angeles (UCLA)
Downloads 0 (311,238)

Abstract:

Leverage, Risk, Reward, Quasi Experiments, Behavioral Finance

53.

The Value of Financial Flexibility: Equilibrium Liquidation Values and Endogenous Capital Structure Heterogeneity

Number of pages: 58 Posted: 12 Dec 2016
Antonio E. Bernardo, Alex Fabisiak and Ivo Welch
University of California, Los Angeles (UCLA) - Finance Area, University of California, Los Angeles (UCLA) - Anderson School of Management and University of California, Los Angeles (UCLA)
Downloads 0 (352,637)

Abstract:

Capital Structure Theory

54.

Best Practice for Cost-of-Capital Estimates

Marshall School of Business Working Paper No. 17-4
Number of pages: 65 Posted: 04 Oct 2015 Last Revised: 21 Feb 2017
Yaron Levi and Ivo Welch
University of Southern California - Marshall School of Business and University of California, Los Angeles (UCLA)
Downloads 0 (12,747)

Abstract:

cost of capital, capital budgeting, CAPM

55.

Video: Structural Estimation Drawbacks

Posted: 27 Sep 2012
Ivo Welch
University of California, Los Angeles (UCLA)

Abstract:

56.

The Results of the Equity Premium January 2009 Survey

Posted: 08 Dec 2009
Ivo Welch
University of California, Los Angeles (UCLA)

Abstract:

equity premium

57.

Seasoned Offerings, Imitation Costs, and the Underpricing of Initial Public Offerings

University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship
Posted: 17 Nov 2009
Ivo Welch
University of California, Los Angeles (UCLA)

Abstract:

Seasoned offerings, Signaling, Underpricing, Valuation, Business conditions, Stock offerings, Information asymmetry, Initial public offerings (IPO)

58.

Learning from the Behavior of Others: Conformity, Fads, and Informational Cascades

Journal of Economic Perspectives, Vol. 12, No. 3, pp. 151-70, Summer 1998
Posted: 01 Dec 2008
Sushil Bikhchandani, David A. Hirshleifer and Ivo Welch
University of California, Los Angeles - Anderson School of Management, University of California, Irvine - Paul Merage School of Business and University of California, Los Angeles (UCLA)

Abstract:

59.

A Personal FAQ on the Financial Crisis of 2008

Posted: 29 Oct 2008
Ivo Welch
University of California, Los Angeles (UCLA)

Abstract:

Financial Crisis 2008

60.

Information Cascades

THE NEW PALGRAVE DICTIONARY OF ECONOMICS, Second Edition, Steven N. Durlauf and Lawrence E. Blume, eds., Palgrave Macmillan/U.K., 2008
Posted: 05 Oct 2008 Last Revised: 29 Sep 2009
Sushil Bikhchandani, David A. Hirshleifer and Ivo Welch
University of California, Los Angeles - Anderson School of Management, University of California, Irvine - Paul Merage School of Business and University of California, Los Angeles (UCLA)

Abstract:

61.

Information Cascades; Entry Written for the New Palgrave Dictionary of Economics

Posted: 14 Nov 2005
Sushil Bikhchandani, David A. Hirshleifer and Ivo Welch
University of California, Los Angeles - Anderson School of Management, University of California, Irvine - Paul Merage School of Business and University of California, Los Angeles (UCLA)

Abstract:

information cascades, information aggregation, social learning, cultural evolution

62.

The Cross-Sectional Determinants of Corporate Capital Expenditures: A Multinational Comparison

Schmalenbach Business Review, Forthcoming
Posted: 16 Jun 2002
Ivo Welch and David Wessels
University of California, Los Angeles (UCLA) and University of Pennsylvania - Finance Department

Abstract:

63.

Herding Among Security Analysts

Journal of Financial Economics, Vol. 58, No. 3, December 2000
Posted: 16 Aug 2001
Ivo Welch
University of California, Los Angeles (UCLA)

Abstract:

Herding, Imitation, Informational Cascades, Analysts

64.

Why is Bank Debt Senior? A Theory of Priority Among Creditors

Posted: 25 Sep 1999
Ivo Welch
University of California, Los Angeles (UCLA)

Abstract:

65.

Institutional Memory, Inertia, and Impulsiveness

Posted: 02 Sep 1999
David A. Hirshleifer and Ivo Welch
University of California, Irvine - Paul Merage School of Business and University of California, Los Angeles (UCLA)

Abstract:

66.

Legal Liability and Issuer Expenses in IPOs

Posted: 20 Dec 1998
Ivo Welch and Randolph P. Beatty
University of California, Los Angeles (UCLA) and University of Southern California - Leventhal School of Accounting

Abstract:

67.

Effect of Socially Activist Investment Policies on the Financial Markets: Evidence from the South African Boycott

Journal of Business, Vol. 72, No. 1, January 1999
Posted: 12 Nov 1998
Siew Hong Teoh, Ivo Welch and C. Paul Wazzan
University of California Irvine, Paul Merage School of Business, University of California, Los Angeles (UCLA) and Berkeley Research Group,LLC

Abstract:

68.

Earnings Management and the Post-Issue Underperformance In Seasoned Equity Offerings

Posted: 10 Oct 1998
Siew Hong Teoh, Ivo Welch and T.J. Wong
University of California Irvine, Paul Merage School of Business, University of California, Los Angeles (UCLA) and The Chinese University of Hong Kong (CUHK) - School of Accountancy

Abstract:

69.

G-III Apparel Group, Inc.

Posted: 16 Sep 1998
Ivo Welch
University of California, Los Angeles (UCLA)

Abstract:

70.

Earnings Management and the Post-Issue Underperformance of Seasoned Equity Offerings

Posted: 22 Aug 1998
Siew Hong Teoh, Ivo Welch and T.J. Wong
University of California Irvine, Paul Merage School of Business, University of California, Los Angeles (UCLA) and The Chinese University of Hong Kong (CUHK) - School of Accountancy

Abstract:

71.

Rational Herding in Financial Economics

IFA 218-1995
Posted: 09 Jul 1998
Andrea Devenow and Ivo Welch
Movielink and University of California, Los Angeles (UCLA)

Abstract:

72.

A Theory of Dividends Based on Tax Clienteles

Rodney L. White Center Working Paper No. 15-98
Posted: 25 Jun 1998
Franklin Allen, Antonio E. Bernardo and Ivo Welch
Imperial College London, University of California, Los Angeles (UCLA) - Finance Area and University of California, Los Angeles (UCLA)

Abstract:

73.

Culture, Information, and Screening Discrimination

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Culture, Information, and Screening Discrimination

JOURNAL OF POLITICAL ECONOMY, Vol. 104, No. 3, June 1996
Posted: 21 Jun 1996
Bradford Cornell and Ivo Welch
California Institute of Technology and University of California, Los Angeles (UCLA)

Abstract:

Culture, Information, and Screening Discrimination

Posted: 02 Feb 1995
Bradford Cornell and Ivo Welch
California Institute of Technology and University of California, Los Angeles (UCLA)

Abstract:

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