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Journal of Financial Economics. Bik, O., Bouwens, J., Knechel, W. R., & Zou, Y. ... Journal of Financial Economics, 143(3), 1070-1096. Hirst, S., Karakas, O.,& Yu, T.

Lambrecht, B.M. (2004) “The timing and terms of mergers motivated by economies of scale.” Journal of Financial Economics, 72(1): 41-62 (DOI: 10.1016/j.jfineco.2003.09.002). ... Lambrecht, B.M. and Myers, S.C. (2008) “Debt and managerial rents in a

Journal of Financial Economics. Review of Financial Studies. Journal of Financial and Quantitative Analysis. ... Journal of Financial Economics. The study examined the impact of aging on wine prices and long-term investment performance of fine wines,

Jensen, M., and W. Meckling, 1976, “Theory of the firm: Managerial behavior, agency costs and ownership structure”, Journal of Financial Economics 3, 305–360. ... Kang, J., J. Luo, and H. Na, 2018, “Are institutional investors with multiple

How to Do Finance. The course introduces you to the methods, approaches, and strategies of research through a few recent and promising research topics in financial economics, providing a broad overview ... Continuous Time Finance. This course provides

Journal of Financial Reporting. Peer reviews. Our faculty have also served as peer reviewers for studies submitted to:. ... Review of Financial Studies. Journal of Financial Economics. Journal of Financial and Quantitative Analysis.

Lee, K.H., Mauer, D.C. and Xu, E.Q. (2018) “Human capital relatedness and mergers and acquisitions.” Journal of Financial Economics, 129: 111-135. ... Schoar, A. (2002) “Effects of corporate diversification on productivity.” Journal of Finance, 57

Conrad, J., Kapadia, N. and Xing, Y. (2014) “Death and jackpot: why do individual investors hold overpriced stocks?” Journal of Financial Economics, 113: 455-475. ... Stambaugh, R.F., Yu, J. and Yuan, Y. (2012) “The short of it: investor sentiment

Hong, H., Li, F.W. and Xu, J. (2019) “Climate risks and market efficiency.” Journal of Econometrics, 208(1): 265-281 (Special issue on Financial Engineering and Risk Management). ... Painter, M. (2020) “An inconvenient cost: the effects of climate

that fine wine provided a real, annualised financial return of 4.1 per cent – compared to 2.4 per cent for art, 2.8 per cent for stamps and 5.2 ... in the Journal of Financial Economics.

Rau, P.R. (2000) “Investment bank market share, contingent fee payments, and the performance of acquiring firms.” Journal of Financial Economics, 56(2): 293-324. ... Rau, P.R. and Vermaelen, T. (1998) “Glamour, value and the post-acquisition

Firms with more distracted directors suffer from declining valuation and operating performance, and weaker merger and acquisition (M&A) profitability and accounting quality, concludes the study forthcoming in the Journal of ... Financial Economics, based

Malmendier, U., Opp, M.M. and Saidi, F. (2015) “Target revaluation after failed takeover attempts: cash versus stock.” Journal of Financial Economics, 119(1): 92-106 (DOI: ... Rau, P.R. (2005) “Investment bank market share, contingent fee payments,

is Highly Commended for School-wide activities in the Financial Times awards for business education responsibility and impact. ... They then tested these results by considering other variables that could also drive innovation, related to financial

3440168. Hackbarth, D., Miao, J. and Morellec, E. (2006) “Capital structure, credit risk, and macroeconomic conditions.” Journal of Financial Economics, 82(3): 519-550. ... Philippon, T. (2006) “Corporate governance over the business cycle.”

Gambling for ripoff is of special current interest because of controversial legislation in the US before the financial crisis that exempts repos and other derivatives from important provisions of bankruptcy, including ... Berrett-Koehler Publishers. Myers

is Highly Commended for School-wide activities in the Financial Times awards for business education responsibility and impact. ... Nguyen and Nielsen have previously examined a similar thesis, looking at what sudden death reveals about the value of

2010) “Regulation and distrust.” Quarterly Journal of Economics, 125: 1015-1049. Arrow, K. ... A cross-country investigation.” Quarterly Journal of Economics, 112: 1251-1288. Lins, K., Servaes, H.

Feldhütter, P., Hotchkiss, E. and Karakaş, O. (2016) “The value of creditor control in corporate bonds.” Journal of Financial Economics, 121(1): 1-27 (DOI: ... Explore the impact of financial development on biodiversity loss in Italy and learn how

Article references. Allen, D., Lizieri, C. and Satchell, S. (2019) “In defense of portfolio optimization: what if we can forecast?” Financial Analysts Journal, 75(3): 20-38. ... Leippold, M., Wang, Q. and Zhou, W. (2022) “Machine learning in the

Group members publish regularly in top finance journals such as theJournal of Finance,Journal of Financial Economics, and theReview of Financial Studies. ... Raghavendra Rau: Associate Editor, Journal of Financial Stability, 2018-present. Raghavendra Rau:

is Highly Commended for School-wide activities in the Financial Times awards for business education responsibility and impact. ... George, T., Hwang C.-Y. and Li, Y. (2018) “The 52-week high, q theory and the cross-section of stock returns.” Journal

Malatesta, P.H. and Walkling, R.A. (1988) “Poison pill securities: stockholder wealth, profitability, and ownership structure.” Journal of Financial Economics, 20: 347-376. ... Ryngaert, M. (1988) “The effect of poison pill securities on

A review and meta-analysis.” SSRN. Bolton, P. and Kacperczyk, M. (2021) “Do investors care about carbon risk?” Journal of Financial Economics. ... Pástor, Ľ., Stambaugh, R.F. and Taylor, L.A. (2021b) “Sustainable investing in equilibrium.”

Baron, M., Brogaard, J., Hagströmer, B. and Kirilenko, A. (2019) “Risk and return in high-frequency trading.” Journal of Financial and Quantitative Analysis, 54(3): 993-1024 (DOI: 10.1017/S0022109018001096). ... Cohen-Cole, E., Kirilenko, A. and

Henderson, V., Hobson, D. and Tse, A.S.L. (2017) “Randomized strategies and prospect theory in a dynamic context.” Journal of Economic Theory, 168: 287-300 (DOI: ... George, T., Hwang C.-Y. and Li, Y. (2018) “The 52-week high, q theory and the cross

Media coverage of CEOs, firm value, and rent extraction.” Quarterly Journal of Finance, 5(4): 1-38 (DOI: 10.1142/S2010139215500202) (also available online via the SSRN). ... Nguyen, B.D. and Nielsen K.M. (2010) “The value of independent directors:

Jensen, M.C. and Meckling, W.H. (1976) “Theory of the firm: managerial behavior, agency costs and ownership structure.” Journal of Financial Economics, 3(4): 305-360. ... LaPorta, R., de Silanes, F.L., Shleifer, A. and Vishny, R. (2000) “Investor

Journal of Financial Economics, 121(1): 1-27. (Lead article). Xi Li and Holly Yang, 2016, Mandatory financial reporting and voluntary disclosure: evidence from mandatory IFRS adoption. ... Journal of Financial Economics, 118(2): 431–449. (AAWE best

Bar-Isaac, H. and Shapiro, J. (2020) “Blockholder voting.” Journal of Financial Economics, 136: 695-717. ... Meirowitz, A. and Pi, S. (2022) “Voting and trading: the shareholders dilemma.” Journal of Financial Economics.

Heston, S.L. and Sadka, R. (2008) “Seasonality in the cross-section of stock returns.” Journal of Financial Economics, 87: 418-445. ... Evidence from seasonal reversals.” Journal of Financial Economics, 139: 138-161. Keynes, J.M.

Accominotti, O., Cen, J., Chambers, D. and Marsh, I.W. (2019) “Currency regimes and the carry trade.” Journal of Financial and Quantitative Analysis, 54(5): 2233-2260 (DOI: 10.1017/S002210901900019X). ... Chambers, D., Dimson, E. and Foo, J. (2015)

past. References. Crane, A.D., Koch, A. and Michenaud, S. (2019) “Institutional investor cliques and governance.” Journal of Financial Economics, 133(1): 175–197. ... McCahery, J.A., Sautner, Z, and Starks, L.T. (2016) “Behind the scenes: the

Nguyen, B.D. and Nielsen K.M. (2010) “The value of independent directors: evidence from sudden death.” Journal of Financial Economics, 98(3): 550-567 (DOI: ... Lambrecht, B.M. and Myers, S.C. (2008) “Debt and managerial rents in a real-options

Recent publications are on active ownership (Review of Financial Studies), real assets (Journal of Financial Economics), financial history (Journal of Financial and Quantitative Analysis), endowment strategy (Financial Analysts Journal), and

His research has appeared in a number of scholarly journals, including the Review of Financial Studies, the Annual Review of Financial Economics, Quantitative Finance, the Journal of International Money and Finance, ... Alan also contributes to

Dissanaike, G., Drobetz, W., Momtaz, P.P. and Rocholl, J. (2021) “The economics of law enforcement: quasi-experimental evidence from corporate takeover law.” Journal of Corporate Finance, 67: 101849 (DOI: ... Awards and honours. Finalist of the

Lambrecht (2021) “The Dynamics of Financial Policies and Group Decisions in Private Firms”, SSRN. ... Garlappi, L., R. Giammarino, and A. Lazrak (2017) “Ambiguity and the corporation: Group disagreement and underinvestment,” Journal of Financial

Lambrecht, B.M. and Myers, S.C. (2016) “Agency dynamics in corporate finance.” Annual Review of Financial Economics, 8: 53-80 (DOI: 10.1146/annurev-financial-121415-032937). ... x). Lambrecht, B.M. and Myers, S.C. (2008) “Debt and managerial rents

Babina, T., Fedyk, A., He, A., and Hodson, J. (2024) “Artificial intelligence, firm growth, and product innovation.” Journal of Financial Economics, 151: 103745. ... Quarterly Journal of Economics, 135: 561-644. Döttling, R., Gutierrez Gallardo, G.

References. Brav, A., Graham, J.R., Harvey, C.R. and Michaely, R. (2005) “Payout policy in the 21st century.” Journal of Financial Economics, 77(3): 483-527. ... Skinner, D.J. (2008) “The evolving relation between earnings, dividends, and stock

Dimson, E., Rousseau, P.L. and Spaenjers, C. (2015) “The price of wine.” Journal of Financial Economics, 118(2): 431-449 (DOI: 10.1016/j.jfineco.2015.08.005) (available online ... 2014) “Investing in emotional assets.” Financial Analysts Journal,

One of the most frequently asked questions in the financial news media this year has been whether the stock market is in a ‘bubble’? ... Jarrow, R.A., Protter, P. and Shimbo, K. (2010) “Asset price bubbles in incomplete markets.” Mathematical

Employee satisfaction and equity prices.” Journal of Financial Economics, 101(3): 621-640. ... Green, T.C., Huang, R., Wen, Q. and Zhou, D. (2019) “Crowdsourced employer reviews and stock returns.” Journal of Financial Economics, 134(1): 236-251.

New York: Macmillan. Burkart, M., Gromb, D. and Panunzi, F. (1997) “Large shareholders, monitoring, and the value of the firm.” Quarterly Journal of Economics, 112(3): 693–728. ... Jensen, M. and Meckling, W. (1976) “Theory of the firm:

His research has appeared in a number of scholarly journals, including the Review of Financial Studies, the Annual Review of Financial Economics, Quantitative Finance, the Journal of International Money and Finance, ... His research appeared in the

Jensen, M.C. and Meckling, W.H. (1976) “Theory of the firm: managerial behavior, agency costs and ownership structure.” Journal of Financial Economics, 3(4): 305-360. ... Myers, S.C. (1977) “Determinants of corporate borrowing.” Journal of

His research has been published in leading international journals including the RAND Journal of Economics, Journal of Public Economics, Journal of Environmental Economics and Management and Journal of Financial Intermediation, and ... Selected

The first-best outcome can be achieved by adopting financial policies that maximise the weighted average of investors’ life-time utility. ... References. Chava, S. and Purnanandam, A. (2010) “CEOs versus CFOs: incentives and corporate policies.”

His research has appeared in a number of scholarly journals, including the Review of Financial Studies, the Annual Review of Financial Economics, Quantitative Finance, the Journal of International Money and Finance, ... Serafin has published book