A full listing of faculty research articles forthcoming and published in the last five years is provided below.
“Refinancing risk and cash holdings,” Jarrad Harford, Sandy Klasa and William Maxwell, Journal of Finance, forthcoming.
“The effect of demand for shares on the timing and underpricing of seasoned equity offerings,” Vincent Intintoli, Kathy Kahle and Shrikant Jategaonkar, Financial Management, forthcoming.
"Lawyers and Fools: Lawyer-Directors in Public Corporations,” Lubomir Litov, Simone Sepe and Charles Whitehead, Georgetown Law Journal, Vol. 102, forthcoming.
“Access to capital, investment, and the financial crisis,” Kathleen M. Kahle and René Stulz, Journal of Financial Economics, forthcoming.
"Short Sales and the Weekend Effect - Evidence from a Natural Experiment," Pengjie Gao, Jia Hao, Ivalina Kalcheva and Tongshu Ma, Journal of Financial Markets, forthcoming.
"How Wise are Crowds? Insights from Retail Orders and Stock Returns,” Eric Kelley and Paul Tetlock, Journal of Finance, forthcoming.
"Noisy Prices and Inference Regarding Returns," Elena Asparouhova, Hendrik Bessembinder and Ivalina Kalcheva, The Journal of Finance, 2013, v.68, pp.665-714.
"Corporate Strategy, Analyst Coverage, and the Uniqueness Paradox," Lubomir Litov, Patrick Moreton and Todd Zenger, Management Science, 2012, Vol. 58, No. 6, 1-19.
“Why does Financial Strength Forecast Stock Returns? Evidence from Subsequent Demand by Institutional Investors,” Nicole Choi and Richard Sias, The Review of Financial Studies, May 2012, Vol. 25, Issue 5, 1550-1587.
“Corporate suppliers and customers and accounting conservatism,” Kai Wai Hui, Sandy Klasa and Eric Yeung, Journal of Accounting and Economics, Vol. 53, No. 1, 2012, 115-135.
"Creditor Rights and Corporate Risk-Taking," Viral Acharya, Yakov Amihud and Lubomir Litov, Journal of Financial Economics, 2011, Vol. 102, 150-166.
“Portfolio Diversification,” James Bennett and Richard Sias, Journal of Investment Management, Volume 9, number 3, 2011, pp. 74-98.
"Can Mutual Fund Managers Pick Stocks? Evidence from Their Trades Prior to Earnings Announcements," Malcolm Baker, Lubomir Litov, Jessica Wachter and Jeffrey Wurgler, Journal of Financial and Quantitative Analysis, 2010, Vol. 45,
[Winner of the William Sharpe Award for the best paper published in 2010 in the Journal of Financial and Quantitative Analysis.]
"Managerial Entrenchment and Capital Structure: New Evidence," Kose John and Lubomir Litov, Journal of Empirical Legal Studies, 2010, Vol. 7, 693-742.
“Insider Trades and Demand by Institutional and Individual Investors,” Richard Sias and David Whidbee, Review of Financial Studies, Volume 23, number 4, 2010, pp. 1544-1595.
“Seasoned equity offerings: the effect of inside ownership and float," Vincent Intintoli and Kathleen Kahle, Financial Management, Vol. 39, No. 4, 2010, 1575-1599.
“Style Timing with Insiders,” Richard Sias, Heather Knewtson and David Whidbee, Financial Analysts Journal, Volume 66, number 4, 2010, pp.46-66.
“Determinants of CEO pay: A comparison of ExecuComp and non-ExecuComp firms,” Brian Cadman, Sandy Klasa and Steve Matsunaga, Accounting Review, Vol. 85 No. 5, 2010, 1511-1543.
“Why Susie Owns Starbucks: The Name Letter Effect in Security Selection,” Richard Sias and Heather Knewtson, Journal of Business Research, Volume 63, number 12, 2010, pp. 1324-1327.
“Institutional Industry Herding,” Richard Sias and Nicole Choi, Journal of Financial Economics, Volume 94, number 3, 2009, pp. 469-491.
“Why Do U.S. Firms Hold so Much More Cash than They Used to?” Thomas W. Bates, Kathleen Kahle and Rene Stulz, Journal of Finance, Vol. 64, no. 5, October 2009, 1985-2022. [Lead Article]
“The limitations of industry concentration measures constructed with Compustat data: Implications for finance research,” Ashiq Ali, Sandy Klasa and Eric Yeung, Review of Financial Studies, Vol. 22 No. 10, 2009, 3839-3871. [Lead Article – October Issue]
"Earnings Persistence," Richard Frankel and Lubomir Litov , Journal of Accounting and Economics, 2009, Vol.47, 182-190.
“Measuring abnormal bond performance,” Hendrik Bessimbinder, Kathleen Kahle, William Maxwell and Danielle Xu, Review of Financial Studies, Vol. 22, no. 10, October 2009, 4219-4258.
"Institutional Investors and the Informational Efficiency of Prices,” Ekkehart Boehmer and Eric Kelley, Review of Financial Studies, 2009, 22 (9), 3563-3594.
"Socially-oriented ventures and traditional entrepreneurship education models: A case review," M.M. Mars and Sharon Garrison, Journal of Education for Business, Volume 84, Issue 5, May 2009, pages 290-296. [Forthcoming in a collection of papers, Social Enterprise.]
"Do firms have leverage targets? Evidence from acquisitions,” Jarrad Harford, Sandy Klasa and Nathan Walcott, Journal of Financial Economics, Vol. 93, No. 1, 2009, 1-14. [Lead Article – July Issue]
"The strategic use of corporate cash holdings in collective bargaining with labor unions,” Sandy Klasa, William Maxwell and Hernan Ortiz-Molina, Journal of Financial Economics, Vol. 92, No. 3, 2009, 421-442.
"Corporate Governance and Managerial Risk Taking," with Kose John and Bernard Yeung, Journal of Finance, 2008, Vol. 63, 1679-1728.
"Institutional stakeholdings and better-informed traders at earnings announcements,” Ashiq Ali, Sandy Klasa and Oliver Zhen Li, Journal of Accounting and Economics, Vol. 46, No. 1, 2008, 47-61.
“Errors in Estimating Share Repurchases,” Monica Banyi, Ed Dyl and Kathleen Kahle; Journal of Corporate Finance, Vol. 14, no. 4, September 2008, 460-474.
"The Long-Lasting Momentum in Weekly Returns,” Eric Kelley and Ro Gutierrez, Journal of Finance, 2008, Vol. 61-1, 415-447.
“IPO Listings: Where and Why?” Anne M. Anderson and Edward A. Dyl, Financial Management, 2008, 37 (1), Spring.
“Valuing Illiquid Common Stock,” Edward A. Dyl and George J. Jiang, Financial Analysts Journal, 64 (4), July/August, 2008.