J.B. Heaton

Conjecture LLC

221 North LaSalle Street

38th Floor East

Chicago, IL 60601

United States

http://conjecturellc.com

J.B. Heaton, P.C.

221 North LaSalle Street

38th Floor East

Chicago, IL 60601

United States

SCHOLARLY PAPERS

29

DOWNLOADS
Rank 757

SSRN RANKINGS

Top 757

in Total Papers Downloads

25,772

CITATIONS
Rank 1,823

SSRN RANKINGS

Top 1,823

in Total Papers Citations

309

Ideas:
“  I'm currently working on investment analytics for index providers; hedge fund activism; corporate decline; solvency detection; corporate injury; and securities litigation.  ”

Scholarly Papers (29)

1.
Downloads 3,746 ( 1,924)
Citation 129

Managerial Optimism and Corporate Finance

Number of pages: 14 Posted: 12 Apr 1998
J.B. Heaton
Conjecture LLC
Downloads 3,746 (1,884)
Citation 129

Abstract:

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Managerial Optimism and Corporate Finance

Financial Management, Summer 2002
Posted: 25 Apr 2002
J.B. Heaton
Conjecture LLC

Abstract:

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Behavioral Finance, Corporate Finance, Agency Costs, Asymmetric Information, Underinvestment, Overinvestment, Free Cash Flow

2.
Downloads 2,923 ( 3,013)
Citation 101

Competing Theories of Financial Anomalies

Eleventh Annual Utah Winter Conference
Number of pages: 32 Posted: 25 Jan 2000
Alon Brav and J.B. Heaton
Duke University - Fuqua School of Business and Conjecture LLC
Downloads 2,923 (2,948)
Citation 101

Abstract:

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Competing Theories of Financial Anomalies

Forthcoming in Review of Financial Studies
Posted: 27 Jun 2001
Alon Brav and J.B. Heaton
Duke University - Fuqua School of Business and Conjecture LLC

Abstract:

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3.

Overconfidence, Investment Policy, and Executive Stock Options

Rodney L. White Center for Financial Research Working Paper No. 15-02
Number of pages: 52 Posted: 10 Jul 2003
Simon Gervais, J.B. Heaton and Terrance Odean
Duke University - Fuqua School of Business, Conjecture LLC and University of California, Berkeley - Haas School of Business
Downloads 1,443 (7,735)
Citation 19

Abstract:

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4.

The Rational-Behavioral Debate in Financial Economics

Journal of Economic Methodology, Forthcoming
Number of pages: 26 Posted: 14 Jul 2004
Alon Brav, J.B. Heaton and Alex Rosenberg
Duke University - Fuqua School of Business, Conjecture LLC and Duke University
Downloads 1,365 (10,577)
Citation 4

Abstract:

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Raional Finance, Behavioral Finance, Economic Methodolology

5.
Downloads 1,187 ( 13,667)
Citation 13

The Limits of the Limits of Arbitrage

Review of Finance, Forthcoming
Number of pages: 35 Posted: 12 Jul 2006
Alon Brav, J.B. Heaton and Si Li
Duke University - Fuqua School of Business, Conjecture LLC and Wilfrid Laurier University - School of Business & Economics
Downloads 1,187 (13,395)
Citation 13

Abstract:

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Market Efficiency, Behavioral Finance, Limits on Arbitrage, Idiosyncratic Volatility

The Limits of the Limits of Arbitrage

Review of Finance, Vol. 14, Issue 1, pp. 157-187, 2010
Posted: 25 Jan 2010
Alon Brav, J.B. Heaton and Si Li
Duke University - Fuqua School of Business, Conjecture LLC and Wilfrid Laurier University - School of Business & Economics

Abstract:

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G11, G12, G14

6.

Solvency Tests

Number of pages: 35 Posted: 19 Sep 2006
J.B. Heaton
Conjecture LLC
Downloads 1,015 (14,267)

Abstract:

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Insolvency, Bankruptcy, Fiduciary Duties, Creditors, Valuation

7.

Naked Shorting

Regulation, 2008
Number of pages: 30 Posted: 30 Apr 2007 Last Revised: 21 Dec 2014
Christopher L. Culp and J.B. Heaton
Johns Hopkins University - Institute for Applied Economics, Global Health, and Study of Business Enterprise and Conjecture LLC
Downloads 818 (22,488)
Citation 1

Abstract:

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Naked Shorting, Short Selling, Manipulation

8.
Downloads 637 ( 33,870)

Deepening Insolvency

Number of pages: 54 Posted: 23 Nov 2004
J.B. Heaton
Conjecture LLC
Downloads 637 (33,372)

Abstract:

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Deepening insolvency, costs of financial distress

Deepening Insolvency

Journal of Corporation Law, Forthcoming
Posted: 27 Apr 2005
J.B. Heaton
Conjecture LLC

Abstract:

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Deepening insolvency

9.

Did ERISA's Prudent Man Rule Change the Pricing of Dividend Omitting Firms?

Number of pages: 27 Posted: 14 Jun 1998
Alon Brav and J.B. Heaton
Duke University - Fuqua School of Business and Conjecture LLC
Downloads 629 (31,923)
Citation 21

Abstract:

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10.

Overconfidence, Compensation Contracts, and Capital Budgeting

Journal of Finance, Forthcoming
Number of pages: 53 Posted: 07 Mar 2011
Simon Gervais, J.B. Heaton and Terrance Odean
Duke University - Fuqua School of Business, Conjecture LLC and University of California, Berkeley - Haas School of Business
Downloads 382 (56,334)
Citation 16

Abstract:

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overconfidence, capital budgeting, compensation, labor market

11.
Downloads 376 ( 65,817)

Settlement Pressure

Number of pages: 20 Posted: 23 Feb 2002
J.B. Heaton
Conjecture LLC
Downloads 376 (65,189)

Abstract:

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Settlement pressure, Class action, Litigation, Procedure, Risk management.

Settlement Pressure

International Review of Law and Economics, Forthcoming
Posted: 18 Apr 2004
J.B. Heaton
Conjecture LLC

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Class certification, settlement, civil procedure, economic analysis of litigation

12.

Debt Capacity and Fraudulent Conveyance Law

Number of pages: 30 Posted: 09 May 1998
J.B. Heaton
Conjecture LLC
Downloads 368 (66,442)
Citation 1

Abstract:

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13.

Event Studies in Securities Litigation: Low Power, Confounding Effects, and Bias

Washington University Law Review, Vol. 93, No. 2, 2015
Number of pages: 33 Posted: 21 Mar 2015 Last Revised: 10 May 2017
Alon Brav and J.B. Heaton
Duke University - Fuqua School of Business and Conjecture LLC
Downloads 298 (37,684)

Abstract:

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event studies, securities litigation

14.

Smart Money, Dumb Money, and Learning Type from Price

Number of pages: 23 Posted: 09 Aug 2011 Last Revised: 15 Jun 2012
J.B. Heaton and Nick Polson
Conjecture LLC and University of Chicago - Booth School of Business
Downloads 219 (100,533)

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smart money, dumb money, noise traders, limits of arbitrage, learning, heterogeneous beliefs

15.
Downloads 162 (151,105)

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Imputation, Innocence, In Pari Delicto, Professional Liability

16.

Market Indeterminacy

Journal of Corporation Law, Vol. 28, 2003
Number of pages: 36 Posted: 06 Oct 2003
Alon Brav and J.B. Heaton
Duke University - Fuqua School of Business and Conjecture LLC
Downloads 19 (397,979)
Citation 4

Abstract:

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17.

Worthless Companies

Number of pages: 10 Posted: 16 Nov 2017
J.B. Heaton
Conjecture LLC
Downloads 0 (295,831)

Abstract:

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Mergers & Acquisitions, Bad Bidders, Unicorns, Short Selling

18.

Bias-Corrected Estimation of Price Impact in Securities Litigation

Number of pages: 25 Posted: 24 Jul 2017 Last Revised: 29 Sep 2017
Taylor Dove, Davidson Heath and J.B. Heaton
University of Utah - David Eccles School of Business, University of Utah David Eccles School of Business and Conjecture LLC
Downloads 0 (330,287)

Abstract:

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19.

Positive Equity Prices with Insolvency under Legal Solvency Tests

Number of pages: 15 Posted: 22 Nov 2016 Last Revised: 21 Jul 2017
J.B. Heaton
Conjecture LLC
Downloads 0 (361,253)

Abstract:

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Solvency, Insolvency, Valuation, Option Value of Equity, Fraudulent Transfer, Preference, Shifting Fiduciary Duties

20.

Solvency Tests, Debt Capacity, and Security Design

Number of pages: 15 Posted: 21 Nov 2016 Last Revised: 24 Apr 2017
J.B. Heaton
Conjecture LLC
Downloads 0 (351,453)

Abstract:

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Debt Capacity, Solvency, Insolvency, Capital Structure

21.

The 'Long Term' in Corporate Law

The Business Lawyer; Vol. 72, Spring 2017
Number of pages: 14 Posted: 07 Nov 2016 Last Revised: 10 May 2017
J.B. Heaton
Conjecture LLC
Downloads 0 (166,502)

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Corporate Law, Corporate Governance, Shareholder Activism, Myopia

22.

Anti-Activist Legislation: The Curious Case of the Brokaw Act

Number of pages: 24 Posted: 29 Oct 2016
Alon Brav, J.B. Heaton and Jonathan Zandberg
Duke University - Fuqua School of Business, Conjecture LLC and Boston College - Carroll School of Management
Downloads 0 (86,270)

Abstract:

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hedge fund activism, corporate law, shareholder activism, shareholder activist, hedge fund activist

23.

Deep Learning for Finance: Deep Portfolios

Number of pages: 15 Posted: 14 Sep 2016
J.B. Heaton, Nick Polson and Jan Hendrik Witte
Conjecture LLC, University of Chicago - Booth School of Business and University of Oxford - Mathematical Institute
Downloads 0 (2,112)

Abstract:

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Deep Learning, Machine Learning, Big Data, Artificial Intelligence, Finance, Asset Pricing, Volatility, Deep Frontier

24.

Why Indexing Works

Number of pages: 7 Posted: 14 Oct 2015 Last Revised: 12 May 2017
J.B. Heaton, Nick Polson and Jan Hendrik Witte
Conjecture LLC, University of Chicago - Booth School of Business and University of Oxford - Mathematical Institute
Downloads 0 (1,122)

Abstract:

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Indexing, Passive Management, Active Management

25.

Returns, Risk, and Financial Due Diligence

FINANCE ETHICS, J. R. Boatright, ed., New York: Wiley, 2010
Posted: 04 Aug 2009 Last Revised: 21 Dec 2014
Christopher L. Culp and J.B. Heaton
Johns Hopkins University - Institute for Applied Economics, Global Health, and Study of Business Enterprise and Conjecture LLC

Abstract:

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26.

The Uses and Abuses of Finite Risk Reinsurance

Journal of Applied Corporate Finance, Vol. 17, No. 3, 2005
Posted: 27 Jul 2005 Last Revised: 21 Dec 2014
Christopher L. Culp and J.B. Heaton
Johns Hopkins University - Institute for Applied Economics, Global Health, and Study of Business Enterprise and Conjecture LLC

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Structured finance, risk management, insurance, finite, financial reinsurance

27.

Patent Law and Financial Engineering

Derivatives Quarterly, Winter 2000
Posted: 27 Mar 2001
J.B. Heaton
Conjecture LLC

Abstract:

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28.

Incomplete Financial Contracts and Non-Contractual Legal Rules: The Case of Debt Capacity and Fraudulent Conveyance Law

Journal of Financial Intermediation
Posted: 30 Mar 2000
J.B. Heaton
Conjecture LLC

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29.

An Economic Analysis of Fraudulent Conveyance Law

Posted: 15 May 1997
J.B. Heaton
Conjecture LLC

Abstract:

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