Randall Morck

University of Alberta - Department of Finance and Statistical Analysis

Jarislowsky Professor of Finance

2-32C Business Building

Edmonton, Alberta T6G 2R6

Canada

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

European Corporate Governance Institute (ECGI)

c/o the Royal Academies of Belgium

Rue Ducale 1 Hertogsstraat

1000 Brussels

Belgium

Asian Bureau of Finance and Economic Research

BIZ 2 Storey 4, 04-05

1 Business Link

Singapore, 117592

Singapore

  • University of Alberta - Department of Finance and Statistical Analysis

    • Email
    • Tel: 780-492-5683
    • Fax: 780-492-3325

  • European Corporate Governance Institute (ECGI)

  • Asian Bureau of Finance and Economic Research

SCHOLARLY PAPERS

139

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1,144

Scholarly Papers (139)

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1.

Behavioral Finance in Corporate Governance - Independent Directors and Non-Executive Chairs

Downloads 5,206 ( 3,635)
Citation 8

Behavioral Finance in Corporate Governance - Independent Directors and Non-Executive Chairs

Number of pages: 26 Posted: 14 Jul 2004
Randall Morck
University of Alberta - Department of Finance and Statistical Analysis
Downloads 2,896 (9,319)
Citation 3

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Behavioral Finance in Corporate Governance - Independent Directors and Non-Executive Chairs

Number of pages: 27 Posted: 12 Apr 2007
Randall Morck
University of Alberta - Department of Finance and Statistical Analysis
Downloads 1,928 (17,926)
Citation 5

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Corporate Governance, Behavioral Finance, Obedience, Milgram, Information Cascade

Behavioral Finance in Corporate Governance - Independent Directors, Non-Executive Chairs, and the Importance of the Devil's Advocate

NBER Working Paper No. w10644
Number of pages: 32 Posted: 25 Aug 2004 Last Revised: 03 Aug 2022
Randall Morck
University of Alberta - Department of Finance and Statistical Analysis
Downloads 382 (161,936)

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2.

The Information Content of Stock Markets: Why Do Emerging Markets Have Synchronous Stock Price Movements?

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Citation 369

The Information Content of Stock Markets: Why Do Emerging Markets Have Synchronous Stock Price Movements?

Journal of Financial Economics (JFE), Vol. 58, No. 1-2, 2000, William Davidson Institute Working Paper No. 44, Harvard Institute of Economics Research Paper No. 1879
Number of pages: 72 Posted: 17 Nov 1999 Last Revised: 03 Oct 2013
Randall Morck, Wayne Yu and Bernard Yin Yeung
University of Alberta - Department of Finance and Statistical Analysis, City University of Hong Kong and National University of Singapore - Business School
Downloads 2,522 (11,627)
Citation 369

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The Information Content of Stock Markets: Why Do Emerging Markets Have Synchronous Stock Price Movements?

Journal of Financial Economics (JFE), Vol. 58, No. 1, 2000, University of Alberta School of Business Research Paper No. 2013-619
Posted: 07 Jun 2013
Randall Morck, Bernard Yin Yeung and Wayne Yu
University of Alberta - Department of Finance and Statistical Analysis, National University of Singapore - Business School and City University of Hong Kong

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Asset pricing, Information and market efficiency, Event studies, International financial markets, Financial economics

3.

Special Issues Relating to Corporate Governance and Family Control

Number of pages: 19 Posted: 20 Apr 2016
Randall Morck and Bernard Yin Yeung
University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School
Downloads 1,739 (21,470)

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4.

Been There, Done that. The History of Corporate Ownership in Japan

ECGI - Finance Working Paper No. 20/2003, Sauder School of Business Working Paper
Number of pages: 150 Posted: 14 Jul 2003
Masao Nakamura and Randall Morck
University of British Columbia (UBC) - Sauder School of Business and University of Alberta - Department of Finance and Statistical Analysis
Downloads 1,700 (22,162)
Citation 10

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ownership, control, zaibatsu, pyramids, keiretsu, corporate groups, financial development, political economy

5.

Powerful Independent Directors

Downloads 1,546 (25,624)
Citation 4

Powerful Independent Directors

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 404/2014
Number of pages: 55 Posted: 11 Jan 2014 Last Revised: 20 Jan 2022
Kathy Fogel, Liping Ma and Randall Morck
Suffolk University - Department of Finance, University of Texas at Dallas - Naveen Jindal School of Management and University of Alberta - Department of Finance and Statistical Analysis
Downloads 1,463 (27,323)
Citation 4

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CORPORATE GOVERNANCE, DIRECTOR INDEPENDENCE, MILGRAM EXPERIMENT, POWER CENTRALITY, BEHAVIORAL FINANCE

Powerful Independent Directors

NBER Working Paper No. w19809
Number of pages: 56 Posted: 17 Jan 2014 Last Revised: 07 Apr 2023
Kathy Fogel, Liping Ma, Liping Ma and Randall Morck
Suffolk University - Department of Finance, University of Texas at Dallas, University of Texas at Dallas - Naveen Jindal School of Management and University of Alberta - Department of Finance and Statistical Analysis
Downloads 83 (633,243)

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6.

Banks, Ownership Structure, and Firm Value in Japan

Downloads 1,367 (30,793)
Citation 37

Banks, Ownership Structure, and Firm Value in Japan

Sauder School of Business Working Paper
Number of pages: 57 Posted: 12 Apr 2000
Randall Morck, Anil Shivdasani and Masao Nakamura
University of Alberta - Department of Finance and Statistical Analysis, University of North Carolina Kenan-Flagler Business School and University of British Columbia (UBC) - Sauder School of Business
Downloads 1,367 (30,257)
Citation 37

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Banks, Ownership Structure, and Firm Value in Japan

Posted: 11 Apr 2000
Randall Morck, Anil Shivdasani and Masao Nakamura
University of Alberta - Department of Finance and Statistical Analysis, University of North Carolina Kenan-Flagler Business School and University of British Columbia (UBC) - Sauder School of Business

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Banks, Ownership Structure, and Firm Value in Japan

Journal of Business, Vol. 73, No. 4, 2000, University of Alberta School of Business Research Paper No. 2013-618
Posted: 07 Jun 2013
Randall Morck, Masao Nakamura and Anil Shivdasani
University of Alberta - Department of Finance and Statistical Analysis, University of British Columbia (UBC) - Sauder School of Business and University of North Carolina Kenan-Flagler Business School

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7.

Anti-Corruption Reforms and Shareholder Valuations: Event Study Evidence from China

Downloads 1,204 (36,995)
Citation 65

Anti-Corruption Reforms and Shareholder Valuations: Event Study Evidence from China

Number of pages: 54 Posted: 08 Feb 2016
Chen Lin, Randall Morck, Bernard Yin Yeung and Xiaofeng Zhao
The University of Hong Kong - Faculty of Business and Economics, University of Alberta - Department of Finance and Statistical Analysis, National University of Singapore - Business School and Lingnan University
Downloads 1,013 (46,725)
Citation 58

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What Do We Learn from Stock Price Reactions to China's First Announcement of Anti-Corruption Reforms?

NBER Working Paper No. w22001
Number of pages: 51 Posted: 22 Feb 2016 Last Revised: 06 Mar 2023
Chen Lin, Randall Morck, Bernard Yin Yeung and Xiaofeng Zhao
The University of Hong Kong - Faculty of Business and Economics, University of Alberta - Department of Finance and Statistical Analysis, National University of Singapore - Business School and Lingnan University
Downloads 191 (329,643)
Citation 7

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8.

Does Greater Firm-Specific Return Variation Mean More or Less Informed Stock Pricing?

Downloads 1,053 (44,933)
Citation 30

Does Greater Firm-Specific Return Variation Mean More or Less Informed Stock Pricing?

Number of pages: 64 Posted: 14 Jun 2001
Art Durnev, Randall Morck, Bernard Yin Yeung and Paul Zarowin
University of Iowa - Henry B. Tippie College of Business, University of Alberta - Department of Finance and Statistical Analysis, National University of Singapore - Business School and New York University (NYU) - Department of Accounting
Downloads 913 (53,961)
Citation 7

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Stock price informativeness; Functional efficiency

Does Greater Firm-Specific Return Variation Mean More or Less Informed Stock Pricing?

NYU Working Paper No. 2451/27594
Number of pages: 64 Posted: 09 Oct 2008
Art Durnev, Randall Morck, Bernard Yin Yeung and Paul Zarowin
University of Iowa - Henry B. Tippie College of Business, University of Alberta - Department of Finance and Statistical Analysis, National University of Singapore - Business School and New York University (NYU) - Department of Accounting
Downloads 140 (432,097)
Citation 23

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Does Greater Firm-Specific Return Variation Mean More or Less Informed Stock Pricing?

Posted: 17 Oct 2003
Art Durnev, Randall Morck, Bernard Yin Yeung and Paul Zarowin
University of Iowa - Henry B. Tippie College of Business, University of Alberta - Department of Finance and Statistical Analysis, National University of Singapore - Business School and New York University (NYU) - Department of Accounting

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Does Greater Firm-Specific Return Variation Mean More or Less Informed Stock Pricing?

Journal of Accounting Research 41(5)797, 2003, University of Alberta School of Business Research Paper No. 2013-614
Posted: 07 Jun 2013
Art Durnev, Randall Morck, Bernard Yin Yeung and Paul Zarowin
University of Iowa - Henry B. Tippie College of Business, University of Alberta - Department of Finance and Statistical Analysis, National University of Singapore - Business School and New York University (NYU) - Department of Accounting

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9.

Information, Analysts, and Stock Return Comovement

Downloads 1,034 (46,134)
Citation 9

Information, Analysts, and Stock Return Comovement

The Review of Financial Studies (2015), Vol. 28 (11): 3153-3187., AFA 2011 Denver Meetings Paper
Number of pages: 54 Posted: 14 Mar 2010 Last Revised: 03 Jun 2017
Allaudeen Hameed, Randall Morck, Jianfeng Shen and Bernard Yin Yeung
National University of Singapore (NUS) - Department of Finance, University of Alberta - Department of Finance and Statistical Analysis, UNSW Business School, University of New South Wales and National University of Singapore - Business School
Downloads 938 (51,947)
Citation 8

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Analysts; Return comovement; Information spillover; Earnings forecasts; Bellwether firms

Information, Analysts, and Stock Return Comovement

NBER Working Paper No. w15833
Number of pages: 49 Posted: 22 Mar 2010 Last Revised: 07 Apr 2023
Allaudeen Hameed, Randall Morck, Jianfeng Shen and Bernard Yin Yeung
National University of Singapore (NUS) - Department of Finance, University of Alberta - Department of Finance and Statistical Analysis, UNSW Business School, University of New South Wales and National University of Singapore - Business School
Downloads 96 (577,525)
Citation 1

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10.

Japanese Corporate Governance and Macroeconomic Problems

Harvard Institute of Economic Research Paper No. 1893, Sauder School of Business Working Paper
Number of pages: 22 Posted: 28 Jul 2000
Masao Nakamura and Randall Morck
University of British Columbia (UBC) - Sauder School of Business and University of Alberta - Department of Finance and Statistical Analysis
Downloads 1,033 (46,194)
Citation 15

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11.

Governance and Stakeholders

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Governance and Stakeholders

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 507/2017
Number of pages: 69 Posted: 06 Jun 2017
Vikas Mehrotra and Randall Morck
University of Alberta - Department of Finance and Statistical Analysis and University of Alberta - Department of Finance and Statistical Analysis
Downloads 718 (74,534)

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Corporate Governance, Stakeholders, Quasi-Rents, Economic Profit, Efficient Contracts, Implicit Contracts, Contractual Claimants, Residual Claimants

Governance and Stakeholders

University of Alberta School of Business Research Paper No. 2017-502
Number of pages: 64 Posted: 23 May 2017
Vikas Mehrotra and Randall Morck
University of Alberta - Department of Finance and Statistical Analysis and University of Alberta - Department of Finance and Statistical Analysis
Downloads 173 (360,804)

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Corporate governance, stakeholders, quasi-rents, economic profit, efficient contracts, implicit contracts, contractual claimants, residual claimants

Governance and Stakeholders

NBER Working Paper No. w23460
Number of pages: 65 Posted: 05 Jun 2017 Last Revised: 06 Feb 2023
Vikas Mehrotra and Randall Morck
University of Alberta - Department of Finance and Statistical Analysis and University of Alberta - Department of Finance and Statistical Analysis
Downloads 49 (834,694)

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12.

The Global History of Corporate Governance: An Introduction

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Citation 2

The Global History of Corporate Governance: An Introduction

NBER Working Paper No. w11062
Number of pages: 49 Posted: 15 Feb 2005 Last Revised: 24 Sep 2022
Lloyd Steier and Randall Morck
University of Alberta - Department of Strategic Management and Organization and University of Alberta - Department of Finance and Statistical Analysis
Downloads 870 (57,660)
Citation 2

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The Global History of Corporate Governance: An Introduction

University of Alberta School of Business Research Paper No. 2013-248
Posted: 27 May 2013 Last Revised: 04 Jun 2013
Randall Morck and Lloyd Steier
University of Alberta - Department of Finance and Statistical Analysis and University of Alberta - Department of Strategic Management and Organization

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13.

Innocents Abroad: The Hazards of International Joint Ventures with Pyramidal Group Firms

Downloads 830 (62,467)
Citation 2

Innocents Abroad: The Hazards of International Joint Ventures with Pyramidal Group Firms

Number of pages: 43 Posted: 26 Feb 2008 Last Revised: 27 Aug 2023
Susan Perkins, Randall Morck and Bernard Yin Yeung
New York University (NYU) - Department of Management and Organizational Behavior, University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School
Downloads 753 (70,011)
Citation 2

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Corporate governance, strategic alliance failure, pyramidal group ownership structure, foreign direct investment

Innocents Abroad: The Hazards of International Joint Ventures with Pyramidal Group Firms

NBER Working Paper No. w13914
Number of pages: 57 Posted: 04 Apr 2008 Last Revised: 27 Aug 2023
Susan Perkins, Randall Morck and Bernard Yin Yeung
New York University (NYU) - Department of Management and Organizational Behavior, University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School
Downloads 77 (661,667)

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14.

Does Firm-Specific Information in Stock Prices Guide Capital Allocation?

Downloads 828 (62,654)
Citation 1

Does Firm-Specific Information in Stock Prices Guide Capital Allocation?

Number of pages: 67 Posted: 11 Jan 2001
Art Durnev, Randall Morck and Bernard Yin Yeung
University of Iowa - Henry B. Tippie College of Business, University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School
Downloads 746 (70,842)
Citation 1

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Capital allocation; Capital budgeting; Corporate investment policy; External financing; Firm-specific variation; Lemons problem; Stock market efficiency; Tobin's q

Does Firm-Specific Information in Stock Prices Guide Capital Allocation?

NBER Working Paper No. w8093
Number of pages: 67 Posted: 19 Jan 2001 Last Revised: 14 Aug 2022
Randall Morck, Bernard Yin Yeung and Art Durnev
University of Alberta - Department of Finance and Statistical Analysis, National University of Singapore - Business School and University of Iowa - Henry B. Tippie College of Business
Downloads 82 (637,924)

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15.

Capital Markets and Capital Allocation: Implications for Economies in Transition

Number of pages: 62 Posted: 17 Dec 2001
Art Durnev, Randall Morck and Bernard Yin Yeung
University of Iowa - Henry B. Tippie College of Business, University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School
Downloads 761 (70,076)
Citation 19

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Transition economies, capital markets, economic growth

16.

Corporatism and the Ghost of the Third Way

Downloads 729 (74,180)
Citation 2

Corporatism and the Ghost of the Third Way

Number of pages: 45 Posted: 10 Dec 2010 Last Revised: 30 Jan 2013
Randall Morck and Bernard Yin Yeung
University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School
Downloads 416 (146,860)

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legal origin, great reversals, financial development, facism, corporatism, sundicatism, Roman Catholic socail teachings, ethics

Corporatism and the Ghost of the Third Way

Capitalism and Society, Vol. 5, Issue 3, Article 2, 2010
Number of pages: 61 Posted: 30 Jan 2013
Randall Morck and Bernard Yin Yeung
University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School
Downloads 313 (201,250)
Citation 2

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legal origin, financial development, fascism, corporatism, syndicates, Catholic social teachings, ethics

17.

Institutions and Foreign Direct Investment: China Versus the Rest of the World

World Bank Policy Research Working Paper
Number of pages: 39 Posted: 17 Sep 2007
Joseph P. H. Fan, Randall Morck, Bernard Yin Yeung and Lixin Colin Xu
The Chinese University of Hong Kong (CUHK) - School of Accountancy, University of Alberta - Department of Finance and Statistical Analysis, National University of Singapore - Business School and Cheung Kong Graduate School of Business
Downloads 717 (75,808)
Citation 2

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institutions, FDI, China, growth, governance

18.

Incentives and Outcomes: China's Environmental Policy

Downloads 710 (76,729)
Citation 20

Incentives and Outcomes: China's Environmental Policy

Capitalism and Society, Vol. 9, No. 1, Article 2, 2014
Number of pages: 41 Posted: 24 Apr 2014
Jing Wu, Yongheng Deng, Jun Huang, Randall Morck and Bernard Yin Yeung
Tsinghua University - Hang Lung Center for Real Estate, Wisconsin School of Business, University of Wisconsin-Madison, Shanghai University of Finance and Economics, University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School
Downloads 405 (151,461)
Citation 4

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Incentives and Outcomes: China's Environmental Policy

ECGI - Finance Working Paper No. 368
Number of pages: 56 Posted: 24 Jan 2013 Last Revised: 24 Jul 2013
Jing Wu, Yongheng Deng, Jun Huang, Randall Morck and Bernard Yin Yeung
Tsinghua University - Hang Lung Center for Real Estate, Wisconsin School of Business, University of Wisconsin-Madison, Shanghai University of Finance and Economics, University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School
Downloads 251 (253,399)
Citation 7

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Urban Infrastructure, Environmental Protection, Local Government, China

Incentives and Outcomes: China's Environmental Policy

NBER Working Paper No. w18754
Number of pages: 48 Posted: 30 Sep 2013 Last Revised: 31 Mar 2023
Jing Wu, Yongheng Deng, Jun Huang, Randall Morck and Bernard Yin Yeung
Tsinghua University - Hang Lung Center for Real Estate, Wisconsin School of Business, University of Wisconsin-Madison, Shanghai University of Finance and Economics, University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School
Downloads 54 (797,498)
Citation 9

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19.

Law, Share Price Accuracy and Economic Performance: The New Evidence

Downloads 591 (96,925)
Citation 23

Law, Share Price Accuracy and Economic Performance: The New Evidence

Number of pages: 70 Posted: 08 Oct 2003
Merritt B. Fox, Art Durnev, Randall Morck and Bernard Yin Yeung
Columbia University - Law School, University of Iowa - Henry B. Tippie College of Business, University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School
Downloads 591 (95,655)
Citation 23

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Capital Allocation, Stock Price Informativeness, Disclosure, Regulation

Law, Share Price Accuracy and Economic Performance: The New Evidence

Posted: 08 Oct 2003
Merritt B. Fox, Art Durnev, Randall Morck and Bernard Yin Yeung
Columbia University - Law School, University of Iowa - Henry B. Tippie College of Business, University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School

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Capital Allocation, Stock Price Informativeness, Disclosure, Regulation

20.

Does 'Good Government' Draw Foreign Capital? Explaining China's Exceptional Foreign Direct Investment Inflow

World Bank Policy Research Working Paper No. 4206
Number of pages: 40 Posted: 20 Apr 2016
Joseph P. H. Fan, Randall Morck, Bernard Yin Yeung and Lixin Colin Xu
The Chinese University of Hong Kong (CUHK) - School of Accountancy, University of Alberta - Department of Finance and Statistical Analysis, National University of Singapore - Business School and Cheung Kong Graduate School of Business
Downloads 587 (97,774)

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Foreign Direct Investment, Economic Theory & Research, Legal Products, Investment and Investment Climate, Parliamentary Government

21.

Adoptive Expectations: Rising Sons in Japanese Family Firms

Downloads 576 (100,147)
Citation 16

Adoptive Expectations: Rising Sons in Japanese Family Firms

Number of pages: 42 Posted: 07 Mar 2011
Vikas Mehrotra, Randall Morck, Jungwook Shim and Yupana Wiwattanakantang
University of Alberta - Department of Finance and Statistical Analysis, University of Alberta - Department of Finance and Statistical Analysis, Kyoto Sangyo University and National University of Singapore - Department of Finance
Downloads 449 (134,155)
Citation 14

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Adoption, Corporate Governance, Family Business, Inherited Ability, Japan, Succession

Adoptive Expectations: Rising Sons in Japanese Family Firms

NBER Working Paper No. w16874
Number of pages: 43 Posted: 14 Mar 2011 Last Revised: 09 Feb 2023
Vikas Mehrotra, Randall Morck, Jungwook Shim and Yupana Wiwattanakantang
University of Alberta - Department of Finance and Statistical Analysis, University of Alberta - Department of Finance and Statistical Analysis, Kyoto Sangyo University and National University of Singapore - Department of Finance
Downloads 127 (467,697)
Citation 2

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Adoptive Expectations: Rising Sons in Japanese Family Firms

Journal of Financial Economics, Vol. 108, No. 3, pp. 840-854, June 2013, University of Alberta School of Business Research Paper No. 2013-1209
Posted: 16 Aug 2013
Vikas Mehrotra, Randall Morck, Jungwook Shim and Yupana Wiwattanakantang
University of Alberta - Department of Finance and Statistical Analysis, University of Alberta - Department of Finance and Statistical Analysis, Kyoto Sangyo University and National University of Singapore - Department of Finance

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adoption, corporate governance, family business, inherited ability, Japan, succession

22.

Corporate Governance, Economic Entrenchment and Growth

Downloads 568 (101,954)
Citation 32

Corporate Governance, Economic Entrenchment and Growth

NYU Working Paper No. 2451/26135
Number of pages: 65 Posted: 13 Oct 2008
Bernard Yin Yeung, Randall Morck and Daniel Wolfenzon
National University of Singapore - Business School, University of Alberta - Department of Finance and Statistical Analysis and Columbia University - Columbia Business School, Finance
Downloads 387 (159,484)
Citation 19

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Corporate Governance, Economic Entrenchment and Growth

NBER Working Paper No. w10692
Number of pages: 65 Posted: 09 Sep 2004 Last Revised: 19 Sep 2022
Randall Morck, Bernard Yin Yeung and Daniel Wolfenzon
University of Alberta - Department of Finance and Statistical Analysis, National University of Singapore - Business School and Columbia University - Columbia Business School, Finance
Downloads 181 (346,568)
Citation 13

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Corporate Governance, Economic Entrenchment and Growth

Journal of Economic Literature, Vol. 43, No. 3, 2005, University of Alberta School of Business Research Paper No. 2013-246
Posted: 27 May 2013 Last Revised: 04 Jun 2013
Randall Morck, Daniel Wolfenzon and Bernard Yin Yeung
University of Alberta - Department of Finance and Statistical Analysis, Columbia University - Columbia Business School, Finance and National University of Singapore - Business School

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23.

Comovement in Investment

Simon School Working Paper
Number of pages: 49 Posted: 27 Sep 2007 Last Revised: 30 Jan 2013
Anzhela Knyazeva, Diana Knyazeva, Randall Morck and Bernard Yin Yeung
Independent, Independent, University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School
Downloads 548 (106,568)
Citation 5

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investment, comovement, corporate governance, information acquisition, information asymmetry, performance

24.

Business Groups and the Incorporation of Firm-specific Shocks into Stock Prices

Downloads 538 (109,065)

Business Groups and the Incorporation of Firm-specific Shocks into Stock Prices

University of Alberta School of Business Research Paper No. 2018-504-1
Number of pages: 53 Posted: 09 May 2018 Last Revised: 18 Dec 2019
Mara Faccio, Randall Morck and M. Deniz Yavuz
Mitchell E. Daniels, Jr. School of Business, Purdue University, University of Alberta - Department of Finance and Statistical Analysis and Purdue University - Krannert School of Management
Downloads 480 (123,725)

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Business groups, incorporation of firm-specific information, economic growth

Business Groups and the Incorporation of Firm-Specific Shocks into Stock Prices

NBER Working Paper No. w25908
Number of pages: 55 Posted: 05 Jun 2019 Last Revised: 17 Apr 2022
Mara Faccio, Randall Morck and M. Deniz Yavuz
Mitchell E. Daniels, Jr. School of Business, Purdue University, University of Alberta - Department of Finance and Statistical Analysis and Purdue University - Krannert School of Management
Downloads 58 (770,054)

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25.

The Mysterious Growing Value of S&P Index Membership

Number of pages: 51 Posted: 04 Mar 2002
Fan Yang and Randall Morck
affiliation not provided to SSRN and University of Alberta - Department of Finance and Statistical Analysis
Downloads 533 (110,325)
Citation 3

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Market efficiency, indexing, behavioral finance

26.

Management Ownership and Corporate Performance: an Empirical Analysis

NBER Working Paper No. w2055
Number of pages: 32 Posted: 09 Jun 2004 Last Revised: 13 Feb 2022
Randall Morck, Andrei Shleifer and Robert W. Vishny
University of Alberta - Department of Finance and Statistical Analysis, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 518 (114,286)
Citation 1

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27.

Why Some Double Taxation Might Make Sense: The Special Case Of Inter-Corporate Dividends

University of Alberta Center for Financial Research Working Paper No. 03-01
Number of pages: 46 Posted: 17 Apr 2003
Randall Morck
University of Alberta - Department of Finance and Statistical Analysis
Downloads 489 (122,492)

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Dividends, Taxation, Corporate Finance, Public Finance

28.

Bank of Japan Equity Purchases: The (Non-)Effects of Extreme Quantitative Easing

Downloads 485 (123,734)
Citation 19

Bank of Japan Equity Purchases: The (Non-)Effects of Extreme Quantitative Easing

University of Alberta School of Business Research Paper No. 2019-501
Number of pages: 64 Posted: 27 Jan 2019 Last Revised: 08 Sep 2024
Ben Charoenwong, Randall Morck and Yupana Wiwattanakantang
INSEAD, University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Department of Finance
Downloads 436 (138,986)
Citation 5

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Unconventional Monetary Policy, Quantitative Easing, Corporate Valuations, Corporate Investment, Corporate Governance, Japan

Bank of Japan Equity Purchases: The (Non-)Effects of Extreme Quantitative Easing

NBER Working Paper No. w25525
Number of pages: 65 Posted: 12 Feb 2019 Last Revised: 31 Mar 2023
Ben Charoenwong, Randall Morck and Yupana Wiwattanakantang
INSEAD, University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Department of Finance
Downloads 49 (834,694)
Citation 14

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29.

China’s Pseudo-Monetary Policy

Downloads 477 (126,216)
Citation 13

China’s Pseudo-Monetary Policy

Review of Finance, Forthcoming
Number of pages: 67 Posted: 04 Mar 2011 Last Revised: 20 May 2014
Yongheng Deng, Randall Morck, Jing Wu, Jing Wu and Bernard Yin Yeung
Wisconsin School of Business, University of Wisconsin-Madison, University of Alberta - Department of Finance and Statistical Analysis, Institute of Real Estate Studies, NUSInstitute of Real Estate Studies, Tsinghua University and National University of Singapore - Business School
Downloads 365 (170,324)
Citation 11

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Monetary and Fiscal Stimuli, Ownership Structure, and China's Housing Market

NBER Working Paper No. w16871
Number of pages: 63 Posted: 14 Mar 2011 Last Revised: 06 Feb 2022
Yongheng Deng, Randall Morck, Jing Wu, Jing Wu and Bernard Yin Yeung
Wisconsin School of Business, University of Wisconsin-Madison, University of Alberta - Department of Finance and Statistical Analysis, Institute of Real Estate Studies, NUSInstitute of Real Estate Studies, Tsinghua University and National University of Singapore - Business School
Downloads 112 (516,179)
Citation 2

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30.

Vertical Integration, Institutional Determinants and Impact: Evidence from China

Downloads 468 (129,105)

Vertical Integration, Institutional Determinants and Impact: Evidence from China

Number of pages: 54 Posted: 05 Mar 2008
Joseph P. H. Fan, Jun Huang, Randall Morck and Bernard Yin Yeung
The Chinese University of Hong Kong (CUHK) - School of Accountancy, Shanghai University of Finance and Economics, University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School
Downloads 375 (165,244)

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Vertical Integration, Rent seeking, Property rights, Government quality

Vertical Integration, Institutional Determinants and Impact: Evidence from China

NBER Working Paper No. w14650
Number of pages: 59 Posted: 19 Jan 2009 Last Revised: 14 Jul 2022
Joseph P. H. Fan, Jun Huang, Randall Morck and Bernard Yin Yeung
The Chinese University of Hong Kong (CUHK) - School of Accountancy, Shanghai University of Finance and Economics, University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School
Downloads 93 (589,701)

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31.

Family Control and the Rent-Seeking Society

Downloads 462 (131,140)
Citation 73

Family Control and the Rent-Seeking Society

Number of pages: 49 Posted: 19 Aug 2004
Randall Morck and Bernard Yin Yeung
University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School
Downloads 462 (129,578)
Citation 73

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Family Control and the Rent-Seeking Society

University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship
Posted: 24 Nov 2009
Bernard Young and Randall Morck
affiliation not provided to SSRN and University of Alberta - Department of Finance and Statistical Analysis

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Ownership structures, Trust, Corruption in government, Rent-seeking, Political participation, Organizational structures, Resistance to change, Trust relationships, Family firms, Wealth, Economic growth

32.

Corporations

Harvard Institute of Economic Research Discussion Paper No. 2101
Number of pages: 8 Posted: 25 Jan 2006
Randall Morck
University of Alberta - Department of Finance and Statistical Analysis
Downloads 460 (131,804)
Citation 2

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33.

Does 'Good Government' Draw Foreign Capital? Explaining China's Exceptional FDI Inflow

Number of pages: 41 Posted: 07 Dec 2006
Joseph P. H. Fan, Randall Morck, Bernard Yin Yeung and Lixin Colin Xu
The Chinese University of Hong Kong (CUHK) - School of Accountancy, University of Alberta - Department of Finance and Statistical Analysis, National University of Singapore - Business School and Cheung Kong Graduate School of Business
Downloads 448 (136,107)
Citation 8

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FDI, China, institutions, growth

34.

Generalized Agency Problems

Downloads 437 (140,153)
Citation 1

Generalized Agency Problems

Number of pages: 27 Posted: 20 Nov 2009
Randall Morck
University of Alberta - Department of Finance and Statistical Analysis
Downloads 373 (166,245)
Citation 1

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Behavioral Finance, Behavioral Economics, Neuroeconomics, Agency Problems, Agentic Shift,Loyalty, Institutional Evolution, Dissenting Opinion

Generalized Agency Problems

NBER Working Paper No. w15051
Number of pages: 28 Posted: 08 Jun 2009 Last Revised: 16 Feb 2023
Randall Morck
University of Alberta - Department of Finance and Statistical Analysis
Downloads 64 (732,425)

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35.

Economics, History, and Causation

Downloads 398 (156,059)
Citation 8

Economics, History, and Causation

NBER Working Paper No. w16678
Number of pages: 18 Posted: 18 Jan 2011 Last Revised: 27 Jan 2023
Randall Morck and Bernard Yin Yeung
University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School
Downloads 261 (243,488)

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Economics, History, and Causation

Number of pages: 17 Posted: 04 Jan 2011
Randall Morck and Bernard Yin Yeung
University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School
Downloads 137 (439,763)
Citation 8

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cuausality inference, difference in difference, treatment effect, instrumental variables, tragedy of the commons, latent, variable, bias, scientific method

Economics, History, and Causation

Business History Review Vol. 85, Issue 1, 2011, University of Alberta School of Business Research Paper No. 2013-230
Posted: 26 May 2013 Last Revised: 04 Jun 2013
Randall Morck and Bernard Yin Yeung
University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School

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36.

Agency Problems and the Fate of Capitalism

Downloads 398 (156,059)

Agency Problems and the Fate of Capitalism

Number of pages: 44 Posted: 17 Oct 2010 Last Revised: 30 Jan 2013
Randall Morck and Bernard Yin Yeung
University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School
Downloads 323 (194,517)

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Principal Agent Problem, Corporate Governance, Economic History, Political Economy, Austrian School

Agency Problems and the Fate of Capitalism

NBER Working Paper No. w16490
Number of pages: 45 Posted: 25 Oct 2010 Last Revised: 22 Jan 2023
Randall Morck and Bernard Yin Yeung
University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School
Downloads 75 (671,658)

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37.

Do Managerial Objectives Drive Bad Acquisitions?

Downloads 360 (174,450)
Citation 101

Do Managerial Objectives Drive Bad Acquisitions?

NBER Working Paper No. w3000
Number of pages: 25 Posted: 14 Apr 2007 Last Revised: 14 Sep 2022
Randall Morck, Andrei Shleifer and Robert W. Vishny
University of Alberta - Department of Finance and Statistical Analysis, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 360 (172,885)
Citation 101

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Do Managerial Objectives Drive Bad Acquisitions?

Journal of Finance. 45(1) 31-48, March 1990, University of Alberta School of Business Research Paper No. 2013-635
Posted: 08 Jun 2013
Randall Morck, Andrei Shleifer and Robert W. Vishny
University of Alberta - Department of Finance and Statistical Analysis, Harvard University - Department of Economics and University of Chicago - Booth School of Business

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38.

Big Business Stability and Economic Growth: Is What's Good for General Motors Good for America?

Downloads 357 (176,085)
Citation 52

Big Business Stability and Economic Growth: Is What's Good for General Motors Good for America?

Number of pages: 52 Posted: 20 Jul 2006
Kathy Fogel, Randall Morck and Bernard Yin Yeung
Suffolk University - Department of Finance, University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School
Downloads 290 (218,415)
Citation 52

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Creative destruction, development, institutions, financial development, rent seeking, Schumpeter, turnover

Big Business Stability and Economic Growth: Is What's Good for General Motors Good for America?

NBER Working Paper No. w12394
Number of pages: 53 Posted: 03 Aug 2006 Last Revised: 02 Jan 2023
Kathy Fogel, Randall Morck and Bernard Yin Yeung
Suffolk University - Department of Finance, University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School
Downloads 67 (714,804)

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Big Business Stability and Economic Growth: Is What's Good for General Motors Good for America?

Journal of Financial Economics (JFE), Vol. 89, No. 1, 2008, University of Alberta School of Business Research Paper No. 2013-241
Posted: 26 May 2013 Last Revised: 12 Feb 2014
Kathy Fogel, Randall Morck and Bernard Yin Yeung
Suffolk University - Department of Finance, University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School

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Business stability, Creative destruction, Economic growth

39.

Banking System Control, Capital Allocation and Economy Performance

Downloads 356 (176,585)
Citation 11

Banking System Control, Capital Allocation and Economy Performance

Number of pages: 48 Posted: 10 Nov 2009 Last Revised: 30 Jan 2013
Randall Morck, M. Deniz Yavuz and Bernard Yin Yeung
University of Alberta - Department of Finance and Statistical Analysis, Purdue University - Krannert School of Management and National University of Singapore - Business School
Downloads 291 (217,614)
Citation 11

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banking, ownership structure, capital allocation, economic growth, income distribution, family business, state owned enterprises, crises

Banking System Control, Capital Allocation, and Economy Performance

NBER Working Paper No. w15575
Number of pages: 49 Posted: 15 Dec 2009 Last Revised: 22 Jan 2023
Randall Morck, M. Deniz Yavuz and Bernard Yin Yeung
University of Alberta - Department of Finance and Statistical Analysis, Purdue University - Krannert School of Management and National University of Singapore - Business School
Downloads 65 (726,491)

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40.

Characteristics of Hostile and Friendly Takeover Targets

NBER Working Paper No. w2295
Number of pages: 44 Posted: 27 Apr 2000 Last Revised: 10 Oct 2022
Randall Morck, Andrei Shleifer and Robert W. Vishny
University of Alberta - Department of Finance and Statistical Analysis, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 355 (177,209)
Citation 9

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41.

A Frog in a Well Knows Nothing of the Ocean: A History of Corporate Ownership in Japan

A HISTORY OF CORPORATE GOVENANCE AROUND THE WORLD: FAMILY BUSINESS GROUPS TO PROFESSIONAL MANAGERS, Randall Morck, ed, Chapter 7, pp. 367-466, University of Chicago Press, 2005
Number of pages: 71 Posted: 03 Feb 2010
Randall Morck and Masao Nakamura
University of Alberta - Department of Finance and Statistical Analysis and University of British Columbia (UBC) - Sauder School of Business
Downloads 345 (182,831)
Citation 14

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Business Group, Takeover Defence, Flavors of Capitalism, Financial History

42.

Business Groups in Canada: Their Rise and Fall, and Rise and Fall Again

Downloads 338 (186,933)
Citation 1

Business Groups in Canada: Their Rise and Fall, and Rise and Fall Again

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 455/2015
Number of pages: 54 Posted: 23 Oct 2015
Randall Morck and Gloria Yuan Tian
University of Alberta - Department of Finance and Statistical Analysis and University of Lethbridge Calgary Campus
Downloads 235 (270,416)

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Pyramidal Business Groups, Financial History, Corporate Ownership and Control

Business Groups in Canada: Their Rise and Fall, and Rise and Fall Again

Number of pages: 48 Posted: 22 Oct 2015
Randall Morck and Gloria Yuan Tian
University of Alberta - Department of Finance and Statistical Analysis and University of Lethbridge Calgary Campus
Downloads 63 (738,535)

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pyramidal business groups, financial history, corporate ownership and control

Business Groups in Canada: Their Rise and Fall, and Rise and Fall Again

NBER Working Paper No. w21707
Number of pages: 49 Posted: 16 Nov 2015 Last Revised: 24 Apr 2023
Randall Morck and Gloria Yuan Tian
University of Alberta - Department of Finance and Statistical Analysis and University of Lethbridge Calgary Campus
Downloads 40 (911,190)
Citation 1

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43.

Trade Liberalization and Institutional Change

Harvard Institute of Economic Research Discussion Paper No. 2098
Number of pages: 54 Posted: 20 Dec 2005
Kathy Fogel, Randall Morck, Minyuan Zhao and Bernard Yin Yeung
Suffolk University - Department of Finance, University of Alberta - Department of Finance and Statistical Analysis, University of Pennsylvania and National University of Singapore - Business School
Downloads 327 (193,678)
Citation 1

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44.

Business Groups and the Big Push: Meiji Japan's Mass Privatization and Subsequent Growth

Downloads 325 (194,927)
Citation 5

Business Groups and the Big Push: Meiji Japan's Mass Privatization and Subsequent Growth

Number of pages: 63 Posted: 31 May 2007
Masao Nakamura and Randall Morck
University of British Columbia (UBC) - Sauder School of Business and University of Alberta - Department of Finance and Statistical Analysis
Downloads 208 (304,258)
Citation 2

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Business Groups, Big push, spillovers, Mass Privatization, Japan

Business Groups and the Big Push: Meiji Japan's Mass Privatization and Subsequent Growth

NBER Working Paper No. w13171
Number of pages: 63 Posted: 27 Jun 2007 Last Revised: 29 Dec 2022
Masao Nakamura and Randall Morck
University of British Columbia (UBC) - Sauder School of Business and University of Alberta - Department of Finance and Statistical Analysis
Downloads 117 (499,123)
Citation 3

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Business Groups and the Big Push: Meiji Japan's Mass Privatization and Subsequent Growth

Enterprise and Society, Vol. 8, No. 3, pp. 543-601, 2007
Posted: 30 Jun 2008
Randall Morck and Masao Nakamura
University of Alberta - Department of Finance and Statistical Analysis and University of British Columbia (UBC) - Sauder School of Business

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Business Groups and the Big Push: Meiji Japan's Mass Privatization and Subsequent Growth

Enterprise & Society, p. 543, 2007, University of Alberta School of Business Research Paper No. 2013-244
Posted: 26 May 2013 Last Revised: 04 Jun 2013
Randall Morck and Masao Nakamura
University of Alberta - Department of Finance and Statistical Analysis and University of British Columbia (UBC) - Sauder School of Business

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45.

R-Squared and the Economy

Downloads 315 (201,491)
Citation 2

R-Squared and the Economy

Number of pages: 51 Posted: 26 Apr 2013 Last Revised: 07 Jun 2013
Randall Morck, Bernard Yin Yeung and Wayne Yu
University of Alberta - Department of Finance and Statistical Analysis, National University of Singapore - Business School and City University of Hong Kong
Downloads 257 (247,321)

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Stock Returns Co-Movement, Synchronicity, Market Efficiency, Creative Destruction, Economic Development

R-Squared and the Economy

NBER Working Paper No. w19017
Number of pages: 52 Posted: 04 May 2013 Last Revised: 19 Jun 2022
Randall Morck, Bernard Yin Yeung and Wayne Yu
University of Alberta - Department of Finance and Statistical Analysis, National University of Singapore - Business School and City University of Hong Kong
Downloads 58 (770,054)
Citation 2

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46.

Creative Destruction and Firm-Specific Volatility

Number of pages: 67 Posted: 09 Apr 2005
Hyunbae Chun, Randall Morck, Jung-Wook Kim and Jason Lee
Sogang University - Department of Economics, University of Alberta - Department of Finance and Statistical Analysis, Seoul National University - Graduate School of Business and University of Alberta
Downloads 287 (222,434)
Citation 1

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Information Technology, Firm-Specific Volatility, Creative Destruction

47.

Productivity Growth and Stock Returns: Firm- and Aggregate-Level Analyses

Downloads 274 (233,218)
Citation 1

Productivity Growth and Stock Returns: Firm- and Aggregate-Level Analyses

Number of pages: 46 Posted: 13 Sep 2013
Hyunbae Chun, Jung-Wook Kim and Randall Morck
Sogang University - Department of Economics, Seoul National University - Graduate School of Business and University of Alberta - Department of Finance and Statistical Analysis
Downloads 217 (292,112)

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Technological Innovation, Stock Return, Heterogeneity, Productivity, Fallacy of Composition

Productivity Growth and Stock Returns: Firm- and Aggregate-Level Analyses

NBER Working Paper No. w19462
Number of pages: 47 Posted: 20 Sep 2013 Last Revised: 06 Mar 2023
Hyunbae Chun, Jung-Wook Kim and Randall Morck
Sogang University - Department of Economics, Seoul National University - Graduate School of Business and University of Alberta - Department of Finance and Statistical Analysis
Downloads 57 (776,762)
Citation 1

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48.

How Institutional Development News Moves an Emerging Market

University of Alberta School of Business Research Paper No. 2019-503
Number of pages: 33 Posted: 19 Mar 2019 Last Revised: 09 Apr 2019
Alexander Guzmán, Vikas Mehrotra, Randall Morck and Maria-Andrea Trujillo
CESA School of Business, University of Alberta - Department of Finance and Statistical Analysis, University of Alberta - Department of Finance and Statistical Analysis and CESA School of Business
Downloads 271 (235,875)

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market efficiency, noise trading, institutions, economic development

49.

Heterogeneous Investors and Their Changing Demand and Supply Schedules for Individual Common Stocks

Downloads 267 (239,482)

Heterogeneous Investors and Their Changing Demand and Supply Schedules for Individual Common Stocks

Harvard Institute of Economic Research Discussion Paper No. 2031
Number of pages: 64 Posted: 26 Mar 2004
Jung-Wook Kim, Jason Lee and Randall Morck
Seoul National University - Graduate School of Business, University of Alberta and University of Alberta - Department of Finance and Statistical Analysis
Downloads 199 (317,281)

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Heterogeneous Investors and Their Changing Demand and Supply Schedules for Individual Common Stocks

NBER Working Paper No. w10410
Number of pages: 63 Posted: 19 Apr 2004 Last Revised: 12 Dec 2022
Jung-Wook Kim, Randall Morck and Jason Lee
Seoul National University - Graduate School of Business, University of Alberta - Department of Finance and Statistical Analysis and University of Alberta
Downloads 68 (709,076)

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50.

The Great Pyramids of America: A Revised History of US Business Groups, Corporate Ownership and Regulation, 1930-1950

NBER Working Paper No. w19691, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 449/2015
Number of pages: 64 Posted: 15 Apr 2015
Eugene Kandel, Konstantin Kosenko, Randall Morck and Yishay Yafeh
Hebrew University of Jerusalem - Department of Economics, Bank of Israel, University of Alberta - Department of Finance and Statistical Analysis and Hebrew University of Jerusalem - Jerusalem School of Business Administration
Downloads 266 (240,401)
Citation 7

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Corporate Groups; Corporate Ownership; US Financial History; New Deal

51.

Firm-Specific Variation and Openness in Emerging Markets

Number of pages: 34 Posted: 24 Nov 2003
Kan Li, Randall Morck, Bernard Yin Yeung and Fan Yang
Independent, University of Alberta - Department of Finance and Statistical Analysis, National University of Singapore - Business School and affiliation not provided to SSRN
Downloads 264 (242,202)
Citation 7

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52.

Capitalizing China

Downloads 244 (262,167)
Citation 2

Capitalizing China

Number of pages: 28 Posted: 15 Dec 2011
Joseph P. H. Fan, Randall Morck and Bernard Yin Yeung
The Chinese University of Hong Kong (CUHK) - School of Accountancy, University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School
Downloads 163 (380,326)

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market socialism with Chinese characteristics, Chinese Communist Party, Orgburo, human reseource management

Capitalizing China

NBER Working Paper No. w17687
Number of pages: 29 Posted: 25 Dec 2011 Last Revised: 01 May 2022
Joseph P. H. Fan, Randall Morck and Bernard Yin Yeung
The Chinese University of Hong Kong (CUHK) - School of Accountancy, University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School
Downloads 81 (642,499)
Citation 2

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53.

State-Run Banks, Money Growth, and the Real Economy

Downloads 243 (263,233)
Citation 8

State-Run Banks, Money Growth, and the Real Economy

Number of pages: 51 Posted: 23 Apr 2013 Last Revised: 18 Jan 2016
Randall Morck, M. Deniz Yavuz and Bernard Yin Yeung
University of Alberta - Department of Finance and Statistical Analysis, Purdue University - Krannert School of Management and National University of Singapore - Business School
Downloads 190 (331,289)
Citation 7

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ownership structure, loan growth, capital investment, monetary policy, banking

State-Run Banks, Money Growth, and the Real Economy

NBER Working Paper No. w19004
Number of pages: 69 Posted: 28 Apr 2013 Last Revised: 05 Jun 2023
Randall Morck, M. Deniz Yavuz and Bernard Yin Yeung
University of Alberta - Department of Finance and Statistical Analysis, Purdue University - Krannert School of Management and National University of Singapore - Business School
Downloads 53 (804,658)
Citation 1

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54.

The Shanxi Banks

Downloads 229 (278,789)
Citation 3

The Shanxi Banks

Number of pages: 25 Posted: 25 Apr 2010
Randall Morck and Fan Yang
University of Alberta - Department of Finance and Statistical Analysis and University of Saskatchewan
Downloads 141 (429,677)
Citation 3

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Chinese native banks, tea road, executive compensation, corporate governance, banking and finance, financial history, slavery

The Shanxi Banks

NBER Working Paper No. w15884
Number of pages: 25 Posted: 12 Apr 2010 Last Revised: 28 May 2023
Randall Morck and Fan Yang
University of Alberta - Department of Finance and Statistical Analysis and University of Saskatchewan
Downloads 88 (610,693)

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55.

Indexing Impairs the Incorporation of Exogenous Information into Stock Prices

Downloads 228 (279,952)
Citation 1

Indexing Impairs the Incorporation of Exogenous Information into Stock Prices

Number of pages: 49 Posted: 20 Dec 2023 Last Revised: 06 Jan 2025
Randall Morck and M. Deniz Yavuz
University of Alberta - Department of Finance and Statistical Analysis and Purdue University - Krannert School of Management
Downloads 220 (290,843)

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Index addition and deletion, index investing, Incorporation of firm-specific information, passive investing, active investing, market efficiency

Indexing and the Incorporation of Exogenous Information Shocks to Stock Prices

NBER Working Paper No. w31975
Number of pages: 48 Posted: 26 Dec 2023
Randall Morck and M. Deniz Yavuz
University of Alberta - Department of Finance and Statistical Analysis and Purdue University - Krannert School of Management
Downloads 8 (1,297,008)
Citation 1
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56.

Large Corporate Sector Stability and Economic Growth: Is What's Good for General Motors Good for America?

AFA 2005 Philadelphia Meetings, EFA 2005 Moscow Meetings Paper
Number of pages: 65 Posted: 05 Mar 2005
Kathy Fogel, Randall Morck and Bernard Yin Yeung
Suffolk University - Department of Finance, University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School
Downloads 225 (283,619)
Citation 3

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57.

Must Love Kill the Family Firm?

Downloads 217 (293,516)

Must Love Kill the Family Firm?

Number of pages: 39 Posted: 31 Aug 2010 Last Revised: 27 Jan 2013
Vikas Mehrotra, Randall Morck, Jungwook Shim and Yupana Wiwattanakantang
University of Alberta - Department of Finance and Statistical Analysis, University of Alberta - Department of Finance and Statistical Analysis, Kyoto Sangyo University and National University of Singapore - Department of Finance
Downloads 156 (395,159)

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Family Business, Corporate Governance, Culture, Institutional Development, Economic Development

Must Love Kill the Family Firm?

NBER Working Paper No. w16340
Number of pages: 40 Posted: 08 Sep 2010 Last Revised: 24 Feb 2023
Vikas Mehrotra, Randall Morck, Jungwook Shim and Yupana Wiwattanakantang
University of Alberta - Department of Finance and Statistical Analysis, University of Alberta - Department of Finance and Statistical Analysis, Kyoto Sangyo University and National University of Singapore - Department of Finance
Downloads 61 (750,683)

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Must Love Kill the Family Firm?

University of Alberta School of Business Research Paper No. 2013-236
Posted: 26 May 2013 Last Revised: 04 Jun 2013
Vikas Mehrotra, Randall Morck, Jungwook Shim and Yupana Wiwattanakantang
University of Alberta - Department of Finance and Statistical Analysis, University of Alberta - Department of Finance and Statistical Analysis, Kyoto Sangyo University and National University of Singapore - Department of Finance

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58.

Idiosyncrasy as a Leading Indicator

Downloads 207 (306,892)
Citation 2

Idiosyncrasy as a Leading Indicator

Number of pages: 46 Posted: 27 Dec 2021 Last Revised: 16 May 2022
Randall Morck, Bernard Yin Yeung and Lu Y. Zhang
University of Alberta - Department of Finance and Statistical Analysis, National University of Singapore - Business School and Toronto Metropolitan University
Downloads 188 (334,569)
Citation 1

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Stock returns idiosyncrasy, business cycle, idiosyncratic variation

Idiosyncrasy as a Leading Indicator

NBER Working Paper No. w30071
Number of pages: 48 Posted: 23 May 2022 Last Revised: 14 Apr 2023
Randall Morck, Bernard Yin Yeung and Lu Y. Zhang
University of Alberta - Department of Finance and Statistical Analysis, National University of Singapore - Business School and Toronto Metropolitan University
Downloads 19 (1,149,356)
Citation 1

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59.

Required Line of Business Reporting and Share Price Accuracy

2nd Annual Conference on Empirical Legal Studies Paper
Number of pages: 106 Posted: 09 Jul 2007 Last Revised: 30 Jan 2013
Art Durnev, Randall Morck, Merritt B. Fox and Bernard Yin Yeung
University of Iowa - Henry B. Tippie College of Business, University of Alberta - Department of Finance and Statistical Analysis, Columbia University - Law School and National University of Singapore - Business School
Downloads 189 (333,888)

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law and finance, securities law

60.

Inherited Wealth, Corporate Control and Economic Growth: the Canadian Disease

NBER Working Paper No. w6814
Number of pages: 68 Posted: 26 Dec 1998 Last Revised: 15 Aug 2022
Randall Morck, David A. Stangeland and Bernard Yin Yeung
University of Alberta - Department of Finance and Statistical Analysis, University of Manitoba - Department of Accounting and Finance and National University of Singapore - Business School
Downloads 189 (333,888)

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61.

Shareholder Democracy in Canada

Downloads 181 (347,324)
Citation 1

Shareholder Democracy in Canada

Number of pages: 42 Posted: 20 Nov 2010
Randall Morck
University of Alberta - Department of Finance and Statistical Analysis
Downloads 110 (523,306)
Citation 1

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Corporate Governance, Canada, Securities Law

Shareholder Democracy in Canada

NBER Working Paper No. w16558
Number of pages: 43 Posted: 22 Nov 2010 Last Revised: 31 Mar 2023
Randall Morck
University of Alberta - Department of Finance and Statistical Analysis
Downloads 71 (692,576)

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62.

Finance and Governance in Developing Economies

Downloads 179 (350,744)
Citation 3

Finance and Governance in Developing Economies

Number of pages: 33 Posted: 03 Mar 2011
Randall Morck
University of Alberta - Department of Finance and Statistical Analysis
Downloads 127 (467,697)
Citation 3

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Big Push, business groups, family firms, Network externalities, rent seeking, public choice

Finance and Governance in Developing Economies

NBER Working Paper No. w16870
Number of pages: 34 Posted: 14 Mar 2011 Last Revised: 05 Feb 2023
Randall Morck
University of Alberta - Department of Finance and Statistical Analysis
Downloads 52 (811,993)

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Finance and Governance in Developing Economies

Annual Review of Financial Economics, Vol. 3, pp. 375-406, 2011
Posted: 10 Jan 2012
Randall Morck
University of Alberta - Department of Finance and Statistical Analysis

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63.

Institutional Determinants of Vertical Integration: Evidence from China

AFA 2008 New Orleans Meetings Paper
Number of pages: 42 Posted: 21 Mar 2007
Joseph P. H. Fan, Randall Morck, Jun Huang and Bernard Yin Yeung
The Chinese University of Hong Kong (CUHK) - School of Accountancy, University of Alberta - Department of Finance and Statistical Analysis, Shanghai University of Finance and Economics and National University of Singapore - Business School
Downloads 179 (350,744)
Citation 7

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Vertical Integration, Rent seeking, Property rights, Government quality

64.

Alternative Mechanisms for Corporate Control

NBER Working Paper No. w2532
Number of pages: 39 Posted: 17 May 2000 Last Revised: 04 Dec 2022
Randall Morck, Andrei Shleifer and Robert W. Vishny
University of Alberta - Department of Finance and Statistical Analysis, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 177 (354,239)
Citation 37

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65.

Family Ties, Inheritance Rights, and Successful Poverty Alleviation: Evidence from Ghana

Downloads 155 (397,340)
Citation 5

Family Ties, Inheritance Rights, and Successful Poverty Alleviation: Evidence from Ghana

Number of pages: 50 Posted: 13 Mar 2012
Edward Kutsoati and Randall Morck
Tufts University - Department of Economics and University of Alberta - Department of Finance and Statistical Analysis
Downloads 109 (526,888)
Citation 4

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Africa, Ghana, Bequests, Social Security, Customary Law, Economic Anthropology

Family Ties, Inheritance Rights, and Successful Poverty Alleviation: Evidence from Ghana

NBER Working Paper No. w18080
Number of pages: 51 Posted: 19 May 2012 Last Revised: 28 May 2023
Edward Kutsoati and Randall Morck
Tufts University - Department of Economics and University of Alberta - Department of Finance and Statistical Analysis
Downloads 46 (858,941)
Citation 1

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66.

When Labor Has a Voice in Corporate Governance

Downloads 153 (401,647)
Citation 1

When Labor Has a Voice in Corporate Governance

NBER Working Paper No. w11254
Number of pages: 44 Posted: 23 May 2005 Last Revised: 03 Apr 2022
Olubunmi Faleye, Randall Morck and Vikas Mehrotra
Northeastern University - D'Amore-McKim School of Business, University of Alberta - Department of Finance and Statistical Analysis and University of Alberta - Department of Finance and Statistical Analysis
Downloads 153 (401,755)
Citation 1

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When Labor Has a Voice in Corporate Governance

Journal of Financial and Quantitative Analysis (JFQA), Vol. 41, No. 3, 2006, University of Alberta School of Business Research Paper No. 2013-221
Posted: 26 May 2013 Last Revised: 30 May 2013
Olubunmi Faleye, Vikas Mehrotra and Randall Morck
Northeastern University - D'Amore-McKim School of Business, University of Alberta - Department of Finance and Statistical Analysis and University of Alberta - Department of Finance and Statistical Analysis

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When Labor Has a Voice in Corporate Governance

EFMA 2004 BASEL MEETINGS
Posted: 18 May 2004 Last Revised: 12 Feb 2014
Olubunmi Faleye, Randall Morck and Vikas Mehrotra
Northeastern University - D'Amore-McKim School of Business, University of Alberta - Department of Finance and Statistical Analysis and University of Alberta - Department of Finance and Statistical Analysis

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Codetermination, ESOPs, firm objectives, corproate governance, stakeholders, labor unions

67.

Never Waste a Good Crisis: an Historical Perspective on Comparative Corporate Governance

Downloads 150 (408,183)
Citation 1

Never Waste a Good Crisis: an Historical Perspective on Comparative Corporate Governance

NBER Working Paper No. w15042
Number of pages: 32 Posted: 08 Jun 2009 Last Revised: 06 Feb 2023
Randall Morck and Bernard Yin Yeung
University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School
Downloads 150 (408,435)
Citation 1

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Never Waste a Good Crisis: An Historical Perspective on Comparative Corporate Governance

Posted: 04 Jun 2010
Randall Morck and Bernard Yin Yeung
University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School

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Never Waste a Good Crisis: An Historical Perspective on Comparative Corporate Governance

Annual Review of Financial Economics, 2009, 1:145-79, University of Alberta School of Business Research Paper No. 2013-238
Posted: 26 May 2013 Last Revised: 04 Jun 2013
Randall Morck and Bernard Yin Yeung
University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School

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agency problems, institutions, structural reform, family business groups, oligarchy, corporatism

68.

East Asian Financial and Economic Development

Downloads 141 (428,922)
Citation 1

East Asian Financial and Economic Development

Number of pages: 62 Posted: 18 Sep 2017
Randall Morck and Bernard Yin Yeung
University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School
Downloads 80 (647,269)

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Japan, South Korea, China, Big Push, Industrialization, Business Groups, Developmental State

East Asian Financial and Economic Development

NBER Working Paper No. w23845
Number of pages: 64 Posted: 25 Sep 2017 Last Revised: 26 Feb 2023
Randall Morck and Bernard Yin Yeung
University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School
Downloads 61 (750,683)
Citation 1

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69.

How to Eliminate Pyramidal Business Groups - the Double Taxation of Inter-Corporate Dividends and Other Incisive Uses of Tax Policy

Downloads 141 (428,922)

How to Eliminate Pyramidal Business Groups - the Double Taxation of Inter-Corporate Dividends and Other Incisive Uses of Tax Policy

NBER Working Paper No. w10944
Number of pages: 45 Posted: 19 Dec 2004 Last Revised: 29 May 2022
Randall Morck
University of Alberta - Department of Finance and Statistical Analysis
Downloads 141 (429,677)

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How to Eliminate Pyramidal Business Groups: The Double Taxation of Inter-Corporate Dividends and Other Incisive Uses of Tax Policy

Tax Policy & the Economy, Volume 19, National Bureau of Economic Research, University of Alberta School of Business Research Paper No. 2013-610
Posted: 06 Jun 2013
Randall Morck
University of Alberta - Department of Finance and Statistical Analysis

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70.

Investors’ Interacting Demand and Supply Curves for Common Stocks

Review of Finance, Forthcoming, University of Alberta School of Business Research Paper No. 2015-3,507
Number of pages: 47 Posted: 01 Jun 2016
Martin Dierker, Jung-Wook Kim, Jason Lee and Randall Morck
Korea Advanced Institute of Science and Technology (KAIST), Seoul National University - Graduate School of Business, University of Alberta and University of Alberta - Department of Finance and Statistical Analysis
Downloads 137 (438,795)
Citation 8

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Demand and supply curves for individual stocks, heterogeneous private valuations, financial crisis

71.

The Rise and Fall of the Widely Held Firm - a History of Corporate Ownership in Canada

NBER Working Paper No. w10635
Number of pages: 54 Posted: 23 Aug 2004 Last Revised: 23 Jan 2022
Randall Morck, Michael Percy, Gloria Yuan Tian and Bernard Yin Yeung
University of Alberta - Department of Finance and Statistical Analysis, Independent, University of Lethbridge Calgary Campus and National University of Singapore - Business School
Downloads 137 (438,795)
Citation 1

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72.

The Mysterious Growing Value of S&P 500 Membership

NBER Working Paper No. w8654
Number of pages: 51 Posted: 14 Dec 2001 Last Revised: 26 Aug 2022
Fan Yang and Randall Morck
affiliation not provided to SSRN and University of Alberta - Department of Finance and Statistical Analysis
Downloads 133 (449,265)
Citation 1

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73.

Purifying Japan's Banks: Issues and Implications

Harvard Institute of Economic Research Discussion Paper No. 2103
Number of pages: 49 Posted: 25 Jan 2006
Randall Morck and Bernard Yin Yeung
University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School
Downloads 130 (457,564)
Citation 1

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74.

Personal Bankruptcy Law and Innovation around the World

European Corporate Governance Institute – Finance Working No. 1001/2024
Number of pages: 95 Posted: 29 Jul 2024 Last Revised: 18 Mar 2025
Randall Morck, Douglas J. Cumming, Zhao Rong and Minjie Zhang
University of Alberta - Department of Finance and Statistical Analysis, Florida Atlantic University, Wenlan School of Business, Zhongnan University of Economics and Law and Odette School of Business - University of Windsor
Downloads 127 (465,907)

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G3, K2, O3, O4, O5 Personal bankruptcy law, Innovation, Patents, Cross-country study

75.

Funding and Asset Allocation in Corporate Pension Plans: an Empirical Investigation

NBER Working Paper No. w1315
Number of pages: 56 Posted: 06 Mar 2007 Last Revised: 07 Aug 2022
Zvi Bodie, Randall Morck, Robert A. Taggart Jr. and Jay Light
Boston University, University of Alberta - Department of Finance and Statistical Analysis, Northwestern University and Harvard Business School - Finance Unit
Downloads 123 (477,750)
Citation 6

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76.

Creative Destruction and Firm-Specific Performance Heterogeneity

Downloads 122 (480,785)
Citation 6

Creative Destruction and Firm-Specific Performance Heterogeneity

NBER Working Paper No. w13011
Number of pages: 64 Posted: 06 Apr 2007 Last Revised: 22 Jul 2022
Randall Morck, Hyunbae Chun, Bernard Yin Yeung and Jung-Wook Kim
University of Alberta - Department of Finance and Statistical Analysis, Sogang University - Department of Economics, National University of Singapore - Business School and Seoul National University - Graduate School of Business
Downloads 122 (482,997)
Citation 6

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Creative Destruction and Firm-Specific Performance Heterogeneity

Journal of Financial Economics (JFE), Vol. 89, No. 1, 2008, University of Alberta School of Business Research Paper No. 2013-242
Posted: 26 May 2013 Last Revised: 04 Jun 2013
Hyunbae Chun, Jung-Wook Kim, Randall Morck and Bernard Yin Yeung
Sogang University - Department of Economics, Seoul National University - Graduate School of Business, University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School

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Creative destruction, Firm-specific variation, Information technology

77.

How Does the Market Value Unfunded Pension Liabilities?

NBER Working Paper No. w1602
Number of pages: 43 Posted: 28 May 2004 Last Revised: 19 Nov 2022
Jeremy Bulow, Randall Morck and Lawrence H. Summers
Stanford University, University of Alberta - Department of Finance and Statistical Analysis and Harvard University
Downloads 117 (496,297)
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78.

Comment on 'Family Values or Crony Capitalism?' (Harold James)

Capitalism and Society, Vol. 3, Issue 1, Article 2, 2008
Number of pages: 7 Posted: 30 Jan 2013
Randall Morck
University of Alberta - Department of Finance and Statistical Analysis
Downloads 116 (499,609)
Citation 1

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79.

Institutions and Foreign Investment: China Versus the World

NBER Working Paper No. w13435
Number of pages: 40 Posted: 24 Sep 2007 Last Revised: 18 Sep 2022
Joseph P. H. Fan, Randall Morck, Lixin Colin Xu and Bernard Yin Yeung
The Chinese University of Hong Kong (CUHK) - School of Accountancy, University of Alberta - Department of Finance and Statistical Analysis, Cheung Kong Graduate School of Business and National University of Singapore - Business School
Downloads 109 (523,145)

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80.

Income Shifting in U.S. Multinational Corporations

NBER Working Paper No. w3924
Number of pages: 46 Posted: 11 Jun 2007 Last Revised: 23 Sep 2022
David Harris, Randall Morck, Joel B. Slemrod and Bernard Yin Yeung
affiliation not provided to SSRN, University of Alberta - Department of Finance and Statistical Analysis, University of Michigan, Stephen M. Ross School of Business and National University of Singapore - Business School
Downloads 100 (556,632)
Citation 1

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81.

The Riddle of the Great Pyramids

Downloads 96 (571,816)
Citation 3

The Riddle of the Great Pyramids

NBER Working Paper No. w14858
Number of pages: 23 Posted: 13 Apr 2009 Last Revised: 06 Feb 2022
Randall Morck
University of Alberta - Department of Finance and Statistical Analysis
Downloads 96 (577,525)
Citation 3

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The Riddle of the Great Pyramids

The Oxford Handbook of Business Groups, Asli M. Colpan, Takashi Hikino, and James R. Lincoln, eds., September 2010, University of Alberta School of Business Research Paper No. 2013-239
Posted: 26 May 2013 Last Revised: 04 Jun 2013
Randall Morck
University of Alberta - Department of Finance and Statistical Analysis

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business groups, capitalism, conspiracy theories, Anglo-Saxons, finance literature

82.

The Great Pyramids of America: A Revised History of Us Business Groups, Corporate Ownership and Regulation, 1930-1950

Downloads 95 (575,549)
Citation 13

The Great Pyramids of America: A Revised History of Us Business Groups, Corporate Ownership and Regulation, 1930-1950

NBER Working Paper No. w19691
Number of pages: 59 Posted: 10 Dec 2013 Last Revised: 22 Apr 2023
Eugene Kandel, Konstantin Kosenko, Randall Morck and Yishay Yafeh
Hebrew University of Jerusalem - Department of Economics, Bank of Israel, University of Alberta - Department of Finance and Statistical Analysis and Hebrew University of Jerusalem - Jerusalem School of Business Administration
Downloads 87 (615,138)
Citation 11

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Business Groups in the United States: A Revised History of Corporate Ownership, Pyramids and Regulation, 1930-1950

CEPR Discussion Paper No. DP9759
Number of pages: 62 Posted: 25 Nov 2013
Eugene Kandel, Konstantin Kosenko, Randall Morck and Yishay Yafeh
Hebrew University of Jerusalem - Department of Economics, Bank of Israel, University of Alberta - Department of Finance and Statistical Analysis and Hebrew University of Jerusalem - Jerusalem School of Business Administration
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Citation 2
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Business Groups, Corporate Ownership, Financial Market Regulation, Pyramids

83.

Kindleberger Cycles & Economic Growth: Method in the Madness of Crowds?

NBER Working Paper Series 28411 (2021)
Number of pages: 32 Posted: 22 Mar 2021 Last Revised: 13 Apr 2022
Randall Morck
University of Alberta - Department of Finance and Statistical Analysis
Downloads 92 (587,291)

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Endogenous growth, financial crises, creative destruction, economic selection, bubbles are good

84.

Characteristics of Observed Limit Order Demand and Supply Schedules for Individual Stocks

NBER Working Paper No. w14733
Number of pages: 43 Posted: 21 Feb 2009 Last Revised: 05 Oct 2022
Jung-Wook Kim, Jason Lee and Randall Morck
Seoul National University - Graduate School of Business, University of Alberta and University of Alberta - Department of Finance and Statistical Analysis
Downloads 76 (656,775)

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85.

Patterns of Comovement: The Role of Information Technology in the U.S. Economy

NBER Working Paper No. w10937
Number of pages: 50 Posted: 15 Dec 2004 Last Revised: 22 May 2022
Hyunbae Chun, Randall Morck, Jung-Wook Kim and Jason Lee
Sogang University - Department of Economics, University of Alberta - Department of Finance and Statistical Analysis, Seoul National University - Graduate School of Business and University of Alberta
Downloads 75 (661,589)
Citation 1

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86.

Pension Funding Decisions, Interest Rate Assumptions and Share Prices

NBER Working Paper No. w0938
Number of pages: 46 Posted: 22 Jun 2004 Last Revised: 27 Jul 2022
Martin S. Feldstein and Randall Morck
National Bureau of Economic Research (NBER) (deceased) and University of Alberta - Department of Finance and Statistical Analysis
Downloads 73 (671,452)
Citation 1

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87.

Why Some Double Taxation Might Make Sense: The Special Case of Inter-Corporate Dividends

NBER Working Paper No. w9651
Number of pages: 47 Posted: 27 Apr 2003 Last Revised: 16 Nov 2022
Randall Morck
University of Alberta - Department of Finance and Statistical Analysis
Downloads 65 (713,573)

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88.

Kindleberger Cycles: Method in the Madness of Crowds?

NBER Working Paper No. w28411
Number of pages: 33 Posted: 01 Feb 2021 Last Revised: 17 Feb 2023
Randall Morck
University of Alberta - Department of Finance and Statistical Analysis
Downloads 56 (767,574)

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89.

How to Eliminate Pyramidal Business Groups: The Double Taxation of Intercorporate Dividends and Other Incisive Uses of Tax Policy

Tax Policy and the Economy, Vol. 19, 2005, University of Alberta School of Business Research Paper No. 2013-249
Number of pages: 47 Posted: 27 May 2013
Randall Morck
University of Alberta - Department of Finance and Statistical Analysis
Downloads 54 (780,783)
Citation 2

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90.

Big Business Stability and Social Welfare

NBER Working Paper No. w14027
Number of pages: 30 Posted: 26 May 2008 Last Revised: 01 May 2022
Kathy Fogel, Randall Morck and Bernard Yin Yeung
Suffolk University - Department of Finance, University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School
Downloads 54 (780,783)

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91.

Japan's Ultimately Unaccursed Natural Resources-Financed Industrialization

NBER Working Paper No. w22865
Number of pages: 69 Posted: 28 Nov 2016 Last Revised: 24 Jun 2023
Randall Morck and Masao Nakamura
University of Alberta - Department of Finance and Statistical Analysis and University of British Columbia (UBC) - Sauder School of Business
Downloads 30 (983,449)
Citation 6

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92.

Business Groups: Panics, Runs, Organ Banks and Zombie Firms

NBER Working Paper No. w29035
Number of pages: 31 Posted: 19 Jul 2021 Last Revised: 03 May 2023
Asli M. Colpan and Randall Morck
Kyoto University - Graduate School of Management and University of Alberta - Department of Finance and Statistical Analysis
Downloads 27 (1,016,208)
Citation 1

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93.

Corporate Governance, Business Group Governance and Economic Development Traps

NBER Working Paper No. w28069
Number of pages: 51 Posted: 09 Nov 2020 Last Revised: 13 Mar 2022
Luis Dau, Randall Morck and Bernard Yeung
Northeastern University, University of Alberta - Department of Finance and Statistical Analysis and affiliation not provided to SSRN
Downloads 26 (1,027,472)
Citation 1

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94.

Personal Bankruptcy Law and Innovation Around the World

NBER Working Paper No. w32826
Number of pages: 87 Posted: 13 Aug 2024
Douglas J. Cumming, Randall Morck, Zhao Rong and Minjie Zhang
Florida Atlantic University, University of Alberta - Department of Finance and Statistical Analysis, Wenlan School of Business, Zhongnan University of Economics and Law and Odette School of Business - University of Windsor
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95.

Institutional Determinants of Vertical Integration in China

Journal of Corporate Finance, Forthcoming, University of Alberta School of Business Research Paper No. 2694734
Posted: 24 Nov 2015
Joseph P. H. Fan, Jun Huang, Randall Morck and Bernard Yin Yeung
The Chinese University of Hong Kong (CUHK), Shanghai University of Finance and Economics, University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School

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Vertical integration, Rent seeking, Institutional development, Government

96.

The Differences between Hostile & Friendly Takeovers

National Bureau of Economic Research Conference Volume, University of Chicago Press, 1988, University of Alberta School of Business Research Paper No. 2013-637
Posted: 15 Feb 2014
Randall Morck, Andrei Shleifer and Robert W. Vishny
University of Alberta - Department of Finance and Statistical Analysis, Harvard University - Department of Economics and University of Chicago - Booth School of Business

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97.

The Stock Market and Investment: Is the Market a Sideshow?

Brookings Papers on Economic Activity, Vol. 21, No. 2, 1990, University of Alberta School of Business Research Paper No. 2013-634
Posted: 14 Feb 2014
Randall Morck, Andrei Shleifer and Robert W. Vishny
University of Alberta - Department of Finance and Statistical Analysis, Harvard University - Department of Economics and University of Chicago - Booth School of Business

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98.

Causality Between International Expansion & Investment in Intangibles: Implications for Financial Performance & Firm Survival

Global Competition & Market Entry Strategies, J-F Hennert (ed.) Elsevier, North-Holland, 1997, University of Alberta School of Business Research Paper No. 2013-917
Posted: 13 Feb 2014
William Mitchell, Randall Morck, J. Myles Shaver and Bernard Yin Yeung
Independent, University of Alberta - Department of Finance and Statistical Analysis, New York University (NYU) - Leonard N. Stern School of Business and National University of Singapore - Business School

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99.

R2 and the Economy

Annual Review of Financial Economics, Vol. 5, pp. 143-166, 2013
Posted: 08 Nov 2013
Randall Morck, Bernard Yin Yeung and Wayne Yu
University of Alberta - Department of Finance and Statistical Analysis, National University of Singapore - Business School and City University of Hong Kong

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100.

A Cross-Sectional Analysis of the Stock Market's Reaction to Corporate Investment Decisions

China Accounting and Finance Review, Vol. 2 No. 4, 2000, University of Alberta School of Business Research Paper No. 2013-918
Posted: 04 Oct 2013
Randall Morck, Mark R. Huson, gary smith and Wayne Yu
University of Alberta - Department of Finance and Statistical Analysis, University of Alberta - Department of Finance and Statistical Analysis, Independent and City University of Hong Kong

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Capital investments, capital budgeting, agency problems, management entrenchment, free-cash-flows

101.

ASEAN and FTAA: External Threats and Internal Institutional Weaknesses

Business & Politics, Vo. 6, Issue 1, 2004, University of Alberta School of Business Research Paper No. 2013-641
Posted: 19 Aug 2013
Yasheng Huang, Randall Morck and Bernard Yin Yeung
Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School

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102.

The Economic Underpinnings of a Knowledge-Based Economy

Doing Business in the Knowledge-Based Economy, 2001, pp 49-80, University of Alberta School of Business Research Paper No. 2013-643
Posted: 12 Jun 2013
Randall Morck and Bernard Yin Yeung
University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School

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103.

Entrepreneurship, Globalization & Canadian Public Policy

Journal of International Management, Volume 7, Issue 3, 2001, Pages 235–251, University of Alberta School of Business Research Paper No. 2013-642
Posted: 12 Jun 2013
Zoltan J. Acs, Randall Morck and Bernard Yin Yeung
Schar School of Policy and Government, University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School

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Entrepreneurship, Innovation, Globalization, Multinational enterprise

104.

Corporate Pension Policy: An Empirical Investigation

Financial Analysts Journal, Vol. 41, No. 5, 1985, University of Alberta School of Business Research Paper No. 2013-905
Posted: 11 Jun 2013
Zvi Bodie, Jay Light, Randall Morck and Robert A. Taggart Jr.
Boston University, Harvard Business School - Finance Unit, University of Alberta - Department of Finance and Statistical Analysis and Northwestern University

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105.

Pension Funds & The Value of Equities

Financial Analysts Journal, Vol. 39, No. 5, 1983, University of Alberta School of Business Research Paper No. 2013-904
Posted: 11 Jun 2013
Martin S. Feldstein and Randall Morck
National Bureau of Economic Research (NBER) (deceased) and University of Alberta - Department of Finance and Statistical Analysis

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106.

Foreign Acquisitions: When Do They Make Sense?

Managerial Finance Volume 17, Number 6, 1991, University of Alberta School of Business Research Paper No. 2013-903
Posted: 11 Jun 2013
Randall Morck and Bernard Yin Yeung
University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School

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107.

The Corporate Governance of Multinationals

Corporate Decision-Making in Canada, R. Daniels & R. Morck (eds.) Industry Canada & the University of Calgary Press, Calgary, 1995, University of Alberta School of Business Research Paper No. 2013-900
Posted: 11 Jun 2013
Randall Morck and Bernard Yin Yeung
University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School

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108.

Evolution, Community & the Global Economy

Are Small Firms Important? -Their Role & Impact, Zoltan Acs (ed.) US Office of Advocacy & Kluwer Academic Publisher, 1998. pp. 147-158, University of Alberta School of Business Research Paper No. 2013-647
Posted: 11 Jun 2013
Zoltan J. Acs, Randall Morck and Bernard Yin Yeung
Schar School of Policy and Government, University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School

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109.

The Economic Determinants of Innovation

Productivity in Canada Andrew Sharpe & Someshwar Rao, eds. University of Calgary Press, 2001, University of Alberta School of Business Research Paper No. 2013-645
Posted: 11 Jun 2013
Randall Morck and Bernard Yin Yeung
University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School

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110.

Pension Funding Decisions, Interest Rate Assumptions & Share Prices

National Bureau of Economic Research Conference Volume, University of Chicago Press, 1983, University of Alberta School of Business Research Paper No. 2013-639
Posted: 08 Jun 2013
Martin S. Feldstein and Randall Morck
National Bureau of Economic Research (NBER) (deceased) and University of Alberta - Department of Finance and Statistical Analysis

Abstract:

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111.

Funding & Asset Allocation in Corporate Pension Plans: An Empirical Investigation

National Bureau of Economic Research Conference Vol. University of Chicago Press, 1986, University of Alberta School of Business Research Paper No. 2013-638
Posted: 08 Jun 2013
Zvi Bodie, Jay Light, Randall Morck and Robert A. Taggart
Boston University, Harvard Business School - Finance Unit, University of Alberta - Department of Finance and Statistical Analysis and Boston College - Carroll School of Management

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112.

The Valuation of Forestry Resources Under Stochastic Prices & Inventories

Journal of Financial & Quantitative Analysis. 24(4) 473-487, Dec. 1989, University of Alberta School of Business Research Paper No. 2013-636
Posted: 08 Jun 2013
Randall Morck, Eduardo S. Schwartz, Eduardo S. Schwartz and David A. Stangeland
University of Alberta - Department of Finance and Statistical Analysis, Simon Fraser University (SFU)University of California, Los Angeles (UCLA) - Finance Area and University of Manitoba - Department of Accounting and Finance

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113.

Why Investors Value Multinationality

Journal of Business. 64(2) 165-187, April 1991, University of Alberta School of Business Research Paper No. 2013-633
Posted: 08 Jun 2013
Randall Morck and Bernard Yin Yeung
University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School

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114.

Inherited Wealth, Corporate Control and Economic Growth: The Canadian Disease?

National Bureau of Economic Research Volume, University of Chicago Press, 2000, University of Alberta School of Business Research Paper No. 2013-620
Posted: 08 Jun 2013
Randall Morck, David A. Stangeland and Bernard Yin Yeung
University of Alberta - Department of Finance and Statistical Analysis, University of Manitoba - Department of Accounting and Finance and National University of Singapore - Business School

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115.

Agency Problems in Large Family Business Groups

Entrepreneurship Theorym & Practice 27(4) 367, 2003, University of Alberta School of Business Research Paper No. 2013-613
Posted: 07 Jun 2013
Randall Morck and Bernard Yin Yeung
University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School

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116.

Firm-Specific Variation and Openness in Emerging Markets

Review of Economics & Statistics 86(3) 658-69, 2004, University of Alberta School of Business Research Paper No. 2013-612
Posted: 07 Jun 2013
Li Kan, Randall Morck, Fan Yang and Bernard Yin Yeung
Independent, University of Alberta - Department of Finance and Statistical Analysis, Independent and National University of Singapore - Business School

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117.

Value and Information -- A Profit Maximizing Strategy for Maxwell's Demon

The Journal of the Santa Fe Institute. 1(2) 58-63, 1995, University of Alberta School of Business Research Paper No. 2013-630
Posted: 07 Jun 2013
Randall Morck and Harold J. Morowitz
University of Alberta - Department of Finance and Statistical Analysis and George Mason University

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118.

In High Gear: A Case Study of the Hees-Edper Corporate Group

Corporate Decision-Making in Canada, R. Daniels & R. Morck (eds.) Industry Canada & the University of Calgary Press, Calgary, 1995, University of Alberta School of Business Research Paper No. 2013-626
Posted: 07 Jun 2013
David A. Stangeland, Ronald J. Daniels and Randall Morck
University of Manitoba - Department of Accounting and Finance, Independent and University of Alberta - Department of Finance and Statistical Analysis

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119.

Banks and Corporate Control in Japan

Journal of Finance. 54(1) 319-339, Feb. 1999, University of Alberta School of Business Research Paper No. 2013-621
Posted: 07 Jun 2013
Randall Morck and Masao Nakamura
University of Alberta - Department of Finance and Statistical Analysis and University of British Columbia (UBC) - Sauder School of Business

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120.

The Internationalization of Small and Medium-Sized Enterprises: A Policy Perspective

Small Business Economics, Vol. 9, No. 1, 1997, University of Alberta School of Business Research Paper No. 2013-622
Posted: 07 Jun 2013
Zoltan J. Acs, Randall Morck, J. Myles Shaver and Bernard Yin Yeung
Schar School of Policy and Government, University of Alberta - Department of Finance and Statistical Analysis, Independent and National University of Singapore - Business School

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121.

Habitual and Occasional Lobbyers in the U.S. Steel Industry: An EM Algorithm Pooling Approach

Economic inquiry. 39(3) 365-378, 2001, University of Alberta School of Business Research Paper No. 2013-616
Posted: 07 Jun 2013
Randall Morck, Jungsywan H. Sepanski and Bernard Yin Yeung
University of Alberta - Department of Finance and Statistical Analysis, Stephen M. Ross School of Business at the University of Michigan and National University of Singapore - Business School

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122.

The Puzzle of the Harmonious Stock Prices

World Economics 3(3) Jul./Sep. 2002, University of Alberta School of Business Research Paper No. 2013-615
Posted: 07 Jun 2013
Randall Morck and Bernard Yin Yeung
University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School

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123.

Value Enhancing Capital Budgeting & Firm-Specific Stock Returns Variation

Journal of Finance, Vol. 59, No. 1, 2004, University of Alberta School of Business Research Paper No. 2013-611
Posted: 06 Jun 2013
Art Durnev, Randall Morck and Bernard Yin Yeung
University of Iowa - Henry B. Tippie College of Business, University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School

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124.

The Rise & Fall of the Family Firm – A History of Corporate Governance in Canada

University of Alberta School of Business Research Paper No. 2013-249, FIRN Research Paper
Posted: 27 May 2013 Last Revised: 17 Jun 2013
Randall Morck, Michael Percy, Gloria Yuan Tian and Bernard Yin Yeung
University of Alberta - Department of Finance and Statistical Analysis, Independent, University of Lethbridge Calgary Campus and National University of Singapore - Business School

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125.

Dividend Taxation and Corporate Governance

Journal of Economic Perspectives, Vol. 19, No. 3, 2005, University of Alberta School of Business Research Paper No. 2013-247
Posted: 27 May 2013 Last Revised: 04 Jun 2013
Randall Morck and Bernard Yin Yeung
University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School

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126.

History in Perspective - A Comment on Jones and Khanna

Journal of International Business Studies, 2007, University of Alberta School of Business Research Paper No. 2013-245
Posted: 26 May 2013 Last Revised: 04 Jun 2013
Randall Morck and Bernard Yin Yeung
University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School

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historical studies, methodology, long-term view, integrated approach

127.

Perspectives on China's Outward Foreign Direct Investment

Journal of International Business Studies, 2008, University of Alberta School of Business Research Paper No. 2013-243
Posted: 26 May 2013 Last Revised: 04 Jun 2013
Randall Morck, Bernard Yin Yeung and Minyuan Zhao
University of Alberta - Department of Finance and Statistical Analysis, National University of Singapore - Business School and University of Pennsylvania

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outward foreign direct investment; China, macro perspective, corporate ownership structure, capital market distortion, micro firm theory

128.

Behavioral Finance in Corporate Governance: Economics and Ethics of the Devil's Advocate

Journal of Management and Governance, Volume 12, Issue 2, 2008, University of Alberta School of Business Research Paper No. 2013-240
Posted: 26 May 2013 Last Revised: 04 Jun 2013
Randall Morck
University of Alberta - Department of Finance and Statistical Analysis

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129.

Varying Heterogeneity Among U.S. Firms: Facts and Implications

Review of Economics and Statistics, Vol. 93, No. 3, 2011, University of Alberta School of Business Research Paper No. 2013-237
Posted: 26 May 2013 Last Revised: 04 Jun 2013
Jung-Wook Kim, Hyunbae Chun and Randall Morck
Seoul National University - Graduate School of Business, Sogang University - Department of Economics and University of Alberta - Department of Finance and Statistical Analysis

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130.

Changes in Management Ownership and the Valuation Effects of Equity Offerings

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Changes in Management Ownership and the Valuation Effects of Equity Offerings

Journal of Management and Governance, 2: 297-308, 1999, University of Alberta School of Business Research Paper No. 2013-227
Posted: 26 May 2013 Last Revised: 30 May 2013
Marco Bigelli, Vikas Mehrotra, Randall Morck and Wayne Yu
University of Bologna - Department of Management, University of Alberta - Department of Finance and Statistical Analysis, University of Alberta - Department of Finance and Statistical Analysis and City University of Hong Kong

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Changes in Management Ownership and the Valuation Effects of Equity Offerings

Journal of Management and Governance Volume 2, Issue 4, pp 297-309, 1998, University of Alberta School of Business Research Paper No. 2013-624
Posted: 07 Jun 2013
Marco Bigelli, Vikas Mehrotra, Randall Morck and Wayne Yu
University of Bologna - Department of Management, University of Alberta - Department of Finance and Statistical Analysis, University of Alberta - Department of Finance and Statistical Analysis and City University of Hong Kong

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131.

Demand Curves for Stocks Do Slope Down: New Evidence from an Index Weights Adjustment

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Demand Curves for Stocks Do Slope Down: New Evidence from an Index Weights Adjustment

Journal of Finance, Vol. 55, No. 2, 2000, University of Alberta School of Business Research Paper No. 2013-214
Posted: 26 May 2013 Last Revised: 30 May 2013
Aditya Kaul, Vikas Mehrotra and Randall Morck
University of Alberta - Department of Finance and Statistical Analysis, University of Alberta - Department of Finance and Statistical Analysis and University of Alberta - Department of Finance and Statistical Analysis

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Demand Curves for Stocks Do Slope Down: New Evidence from an Index Weights Adjustment

Journal of Finance, Vol. 55, No. 2, 2000, University of Alberta School of Business Research Paper No. 2013-225
Posted: 26 May 2013 Last Revised: 20 Feb 2014
Aditya Kaul, Vikas Mehrotra and Randall Morck
University of Alberta - Department of Finance and Statistical Analysis, University of Alberta - Department of Finance and Statistical Analysis and University of Alberta - Department of Finance and Statistical Analysis

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132.

Is Employee Ownership Counterproductive?

Sloan Management Review 2005, University of Alberta School of Business Research Paper No. 2013-222
Posted: 24 May 2013 Last Revised: 30 May 2013
Olubunmi Faleye, Vikas Mehrotra and Randall Morck
Northeastern University - D'Amore-McKim School of Business, University of Alberta - Department of Finance and Statistical Analysis and University of Alberta - Department of Finance and Statistical Analysis

Abstract:

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133.

Value and Information: A Profit Maximizing Strategy Lor Maxwell's Demon

Complexity, Vol. 1, No. 2, pp. 58-63, 1995
Posted: 03 Jan 2012
Randall Morck and Harold J. Morowitz
University of Alberta - Department of Finance and Statistical Analysis and George Mason University

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costly information, econophysics

134.

Management Ownership and Market Valuation: An Empirical Analysis

University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship
Posted: 17 Nov 2009
Randall Morck, Andrei Shleifer and Robert W. Vishny
University of Alberta - Department of Finance and Statistical Analysis, Harvard University - Department of Economics and University of Chicago - Booth School of Business

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Inside ownership, Family firms, Operator ownership, Market value, Valuation, Boards of directors, Shareholders, Founders

135.

Value Enhancing Capital Budgeting and Firm-Specific Stock Returns Variation

Posted: 17 Oct 2003
Art Durnev, Randall Morck and Bernard Yin Yeung
University of Iowa - Henry B. Tippie College of Business, University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School

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136.

Corporate Stability and Economic Growth

University of Alberta School of Business working paper
Posted: 12 Jun 2003 Last Revised: 12 Feb 2014
Kathy Fogel, Randall Morck and Bernard Yin Yeung
Suffolk University - Department of Finance, University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School

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Growth, Economic System, Economics System

137.

Why Firms Diversify: Internalization vs. Agency Behavior

Posted: 24 Jun 1998
Randall Morck and Bernard Yin Yeung
University of Alberta - Department of Finance and Statistical Analysis and National University of Singapore - Business School

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138.

Habitual and Occasional Lobbyers in the Us Steel Industry: An EM Algorithm Pooling Approach

Posted: 02 Jun 1998
Randall Morck, Jungsywan H. Sepanski and Bernard Yin Yeung
University of Alberta - Department of Finance and Statistical Analysis, Stephen M. Ross School of Business at the University of Michigan and National University of Singapore - Business School

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139.

The Information Content of Stock Markets: Why Do Emerging Markets Have so Little Firm-Specific Risk?

Davidson Institute Working Paper Series No. 44
Posted: 14 Nov 1997
Randall Morck, Wayne Yu and Bernard Yin Yeung
University of Alberta - Department of Finance and Statistical Analysis, City University of Hong Kong and National University of Singapore - Business School

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