Kenneth R. Ahern

University of Southern California - Marshall School of Business

Associate Professor of Finance and Business Economics

701 Exposition Blvd

Los Angeles, CA California 90089

United States

http://www-bcf.usc.edu/~kahern/

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

19

DOWNLOADS
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Top 1,189

in Total Papers Downloads

32,345

SSRN CITATIONS
Rank 2,636

SSRN RANKINGS

Top 2,636

in Total Papers Citations

372

CROSSREF CITATIONS

126

Scholarly Papers (19)

1.

The Changing of the Boards: The Impact on Firm Valuation of Mandated Female Board Representation

Quarterly Journal of Economics, 2012, vol. 127(1): 137-197.
Number of pages: 66 Posted: 21 Mar 2009 Last Revised: 16 Jun 2012
Kenneth R. Ahern and Amy K. Dittmar
University of Southern California - Marshall School of Business and University of Michigan at Ann Arbor - The Stephen M. Ross School of Business
Downloads 10,627 (670)
Citation 122

Abstract:

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Board of directors, Natural experiment, Tobin's Q, Gender

2.

Network Centrality and the Cross Section of Stock Returns

Number of pages: 72 Posted: 07 Jan 2013 Last Revised: 17 Dec 2013
Kenneth R. Ahern
University of Southern California - Marshall School of Business
Downloads 3,265 (5,109)
Citation 57

Abstract:

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Systematic risk, intersectoral network, stock returns, diversification, input-output links

3.

Information Networks: Evidence from Illegal Insider Trading Tips

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 83 Posted: 18 Oct 2014 Last Revised: 30 Mar 2016
Kenneth R. Ahern
University of Southern California - Marshall School of Business
Downloads 2,609 (7,364)
Citation 35

Abstract:

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Illegal insider trading, information networks

4.

Lost in Translation? The Effect of Cultural Values on Mergers Around the World

Journal of Financial Economics (JFE), Vol. 117, No. 1, 2015
Number of pages: 59 Posted: 01 Feb 2010 Last Revised: 02 Jul 2015
Kenneth R. Ahern, Daniele Daminelli and Cesare Fracassi
University of Southern California - Marshall School of Business, Politecnico di Milano - Department of Management, Economics and Industrial Engineering and University of Texas at Austin
Downloads 2,564 (7,565)
Citation 106

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Mergers & Acquisitions, Culture, Trust, Hierarchy, Individualism, Egalitarianism, International, Cross-border

5.

The Importance of Industry Links in Merger Waves

Journal of Finance, 2014, vol. 69(2): 527-576.
Number of pages: 159 Posted: 14 Dec 2009 Last Revised: 30 Mar 2016
Kenneth R. Ahern and Jarrad Harford
University of Southern California - Marshall School of Business and University of Washington
Downloads 2,517 (7,797)
Citation 43

Abstract:

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Mergers & Acquisitions, Product Markets, Networks

Robbing Peter to Pay Paul? The Redistribution of Wealth Caused by Rent Control

Number of pages: 92 Posted: 27 Mar 2022 Last Revised: 23 May 2022
Kenneth R. Ahern and Marco Giacoletti
University of Southern California - Marshall School of Business and Marshall School of Business
Downloads 2,019 (10,930)

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Rent control, real estate valuation, wealth transfers

Robbing Peter to Pay Paul? The Redistribution of Wealth Caused by Rent Control

NBER Working Paper No. w30083
Number of pages: 54 Posted: 30 May 2022 Last Revised: 04 Jun 2022
Kenneth R. Ahern and Marco Giacolleti
University of Southern California - Marshall School of Business and University of Southern California - Marshall School of Business - Finance and Business Economics Department
Downloads 6 (862,371)
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7.

Who Writes the News? Corporate Press Releases During Merger Negotiations

Journal of Finance, Vol. 69, No. 1, 2014
Number of pages: 98 Posted: 16 Mar 2010 Last Revised: 29 Jan 2014
Kenneth R. Ahern and Denis Sosyura
University of Southern California - Marshall School of Business and Arizona State University
Downloads 1,672 (15,026)
Citation 52

Abstract:

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role of media in finance, media coverage, news, press releases, mergers, negotiation

8.

Rumor Has It: Sensationalism in Financial Media

Review of Financial Studies, 2015, vol. 28(7): 2050-2093
Number of pages: 140 Posted: 14 May 2013 Last Revised: 30 Mar 2016
Kenneth R. Ahern and Denis Sosyura
University of Southern California - Marshall School of Business and Arizona State University
Downloads 1,226 (23,987)
Citation 28

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Sensationalism, rumors, media, journalists, mergers, acquisitions

9.

Sample Selection and Event Study Estimation

Journal of Empirical Finance, Vol. 16, No. 3, June 2009
Number of pages: 41 Posted: 15 Mar 2007 Last Revised: 15 Jun 2012
Kenneth R. Ahern
University of Southern California - Marshall School of Business
Downloads 1,072 (29,088)
Citation 4

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Event studies, nonparametric test statistics, multifactor models, characteristic-based benchmark model

10.

M&As: The Good, the Bad, and the Ugly

Journal of Applied Finance, 2007, vol. 17(1): pp. 5-20.
Number of pages: 39 Posted: 16 Jun 2012
Kenneth R. Ahern and J. Fred Weston
University of Southern California - Marshall School of Business and University of California, Los Angeles (UCLA) - Finance Area
Downloads 900 (37,296)
Citation 1

Abstract:

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Mergers, neoclassical, behavioral

11.

Peer Effects in Risk Aversion and Trust

Review of Financial Studies, 2014, vol. 27(11): 3213-3240.
Number of pages: 69 Posted: 16 Jun 2012 Last Revised: 30 Mar 2016
Kenneth R. Ahern, Ran Duchin and Tyler Shumway
University of Southern California - Marshall School of Business, Boston College - Carroll School of Management and University of Michigan at Ann Arbor, The Stephen M. Ross School of Business
Downloads 730 (49,507)
Citation 19

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Peer effects, risk aversion, trust

12.

Bargaining Power and Industry Dependence in Mergers

Journal of Financial Economics (JFE), Vol. 103, No. 3, 2012
Number of pages: 42 Posted: 08 Dec 2008 Last Revised: 16 Jun 2012
Kenneth R. Ahern
University of Southern California - Marshall School of Business
Downloads 720 (50,389)
Citation 35

Abstract:

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Mergers and acquisitions, bargaining power, product market relationships

The Importance of Psychology in Economic Activity: Evidence from Terrorist Attacks

Number of pages: 58 Posted: 16 Jun 2012 Last Revised: 09 Feb 2018
Kenneth R. Ahern
University of Southern California - Marshall School of Business
Downloads 576 (66,426)
Citation 2

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Psychology, trust, culture, terrorist, terrorism, GDP, Madrid Train Bomb, London Metro

The Importance of Psychology in Economic Activity: Evidence from Terrorist Attacks

NBER Working Paper No. w24331
Number of pages: 58 Posted: 21 Feb 2018 Last Revised: 26 Jun 2022
Kenneth R. Ahern
University of Southern California - Marshall School of Business
Downloads 27 (667,499)

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14.

Q-Theory and Acquisition Returns

AFA 2008 New Orleans Meetings Paper
Number of pages: 46 Posted: 15 Mar 2007 Last Revised: 27 Apr 2010
Kenneth R. Ahern
University of Southern California - Marshall School of Business
Downloads 600 (63,819)
Citation 8

Abstract:

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Mergers and acquisitions, repeat acquirers, q‚ąítheory, agency, hubris

Do Proxies for Informed Trading Measure Informed Trading? Evidence from Illegal Insider Trades

Number of pages: 65 Posted: 09 Feb 2018 Last Revised: 21 Apr 2018
Kenneth R. Ahern
University of Southern California - Marshall School of Business
Downloads 454 (89,105)
Citation 2

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Insider Trading, Asymmetric Information, Liquidity, Price Impact, Information Networks

Do Proxies for Informed Trading Measure Informed Trading? Evidence from Illegal Insider Trades

NBER Working Paper No. w24297
Number of pages: 61 Posted: 26 Nov 2018 Last Revised: 23 May 2021
Kenneth R. Ahern
University of Southern California - Marshall School of Business
Downloads 29 (660,196)

Abstract:

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16.

Do Common Stocks Have Perfect Substitutes? Product Market Competition and the Elasticity of Demand for Stocks

Review of Economics and Statistics, 2014, vol. 96(4): 756-766.
Number of pages: 36 Posted: 26 Apr 2010 Last Revised: 30 Mar 2016
Kenneth R. Ahern
University of Southern California - Marshall School of Business
Downloads 370 (113,746)
Citation 4

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Elasticity, Liquidity, Product Market Competition, Stock Prices

17.
Downloads 208 (203,983)

The Conglomerate Network

Number of pages: 55 Posted: 19 Apr 2021 Last Revised: 07 May 2021
Kenneth R. Ahern, Lei Kong and Xinyan Yan
University of Southern California - Marshall School of Business, University of Alabama - Department of Economics, Finance and Legal Studies and University of Dayton
Downloads 204 (207,472)

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Conglomerates, Networks, Aggregate fluctuations, Industry comovement, Concentration

The Conglomerate Network

NBER Working Paper No. w28837
Number of pages: 69 Posted: 24 May 2021 Last Revised: 18 Nov 2021
Kenneth R. Ahern, Lei Kong and Xinyan Yan
University of Southern California - Marshall School of Business, University of Alabama - Department of Economics, Finance and Legal Studies and University of Dayton
Downloads 4 (885,825)
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18.
Downloads 137 (289,884)

The Business of City Hall

Number of pages: 66 Posted: 19 Apr 2021 Last Revised: 10 May 2021
Kenneth R. Ahern
University of Southern California - Marshall School of Business
Downloads 132 (299,363)

Abstract:

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Local public goods, city government, local taxes, population

The Business of City Hall

NBER Working Paper No. w28805
Number of pages: 52 Posted: 17 May 2021 Last Revised: 17 Mar 2022
Kenneth R. Ahern
University of Southern California - Marshall School of Business
Downloads 5 (873,645)
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19.

The Role of Media in Financial Decision-Making

Handbook of Financial Decision Making, Editors Gilles Hilary and David McLean, Forthcoming
Number of pages: 35 Posted: 09 Aug 2022
Kenneth R. Ahern and Joel Peress
University of Southern California - Marshall School of Business and INSEAD - Finance
Downloads 17 (779,730)

Abstract:

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Media, Finance, Attention