Search

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

Finance faculty published regularly in the top finance journals, including the Journal of Finance, the Journal of Financial Economics, and the Review of Financial Studies. ... 2024 University of Cambridge, The Old Schools, Trinity Lane, Cambridge

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.

Recently, his paper was published in the Journal of Financial Economics. ... Authored work. Academic Journal. Voting and Trading: The Shareholder’s Dilemma, with Adam Meirowitz  Journal of Financial Economics, forthcoming.

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

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

Finance faculty published regularly in the top finance journals, including the Journal of Finance, the Journal of Financial Economics, and the Review of Financial Studies. ... 2024 University of Cambridge, The Old Schools, Trinity Lane, Cambridge

1, (February, 2002). "Financial Crisis in South East Asia: Dispelling Illusion the Minskyan Way" (with Murray Glickman), Cambridge Journal of Economics, Vol. ... Financial Globalisation and Crisis, Institutional Transformation and Equity” (with A. Singh

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,

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

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.

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

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

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.

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

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

He has published several research articles in academic journals, such as Real Estate Economics and the Journal of Banking and Finance. ... 138. https://doi.org/10.1016/j.jbankfin.2022.106402. Füss, R. and D. Ruf (2022): “Bank Systemic Risk Exposure

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

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,

Cambridge Journal of Economics (2015) 39 (2):299-317. Sehnbruch, K., Burchell, B., Agloni, N. ... Shapiro, G.K. & Burchell, B.J. (2012) 'Measuring Financial Anxiety'. Journal of Neuroscience, Psychology, and Economics.

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.

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.”

Start-up Finance, Monitoring and Collusion, RAND Journal of Economics, vol. 36, n.2, 255-274. ... Implicit Contracts, Managerial Incentives and Financial Structure, Journal of Economics and Management Strategy, vol.

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

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)

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:

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

You will also have strong understanding of regulatory innovation and global advancements in innovation in financial services. ... Finance faculty published regularly in the top finance journals, including the Journal of Finance, the Journal of Financial

You will also have strong understanding of regulatory innovation and global advancements in innovation in financial services. ... Finance faculty published regularly in the top finance journals, including the Journal of Finance, the Journal of Financial

You will also have strong understanding of regulatory innovation and global advancements in innovation in financial services. ... Finance faculty published regularly in the top finance journals, including the Journal of Finance, the Journal of Financial

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.

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

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

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

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

1.2 Summary and main findings. We present a framework for quantitative modeling of fire sales in a network of financial in-stitutions with common asset holdings, subject to leverage or ... The capital (equity) of financial institution i is denoted Ci and

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

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

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.

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

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

This paper is currently under review at the Journal. of Financial Economics. ... I submitted the paper to. Journal of Financial Economics, a top-tier finance journal on March 16, 2017 and am.

Publications:. “Target Revaluation after Failed Takeover Attempts – Cash versus Stock” (with Ulrike Malmendier and Marcus Opp), Journal of Financial Economics, forthcoming. ... Revise-and-resubmits:. “Are Universal Banks Better Intermediaries?”

Journal of Economics and Economic Policy, Intervention, (with I. Negru), (2014), 11(1), 53-66. ... Felipe and R. Hasan), Cambridge Journal of Economics, (2008), 32(3), 441-459.

Activities and Achievement. 1. Shadow Pills and Long-Term Firm Value. This paper has been presented at academic conferences and seminars and will be submitted to the Journal of Financial Economics ... Dissemination. 1. Shadow Pills and Long-Term Firm

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.

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,

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

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

One could wonder whether model uncertainty deserves a separate treatmentfrom other sources of uncertainty in financial markets. ... 9. 3 Model uncertainty in the context of derivativevaluation. Stochastic models of financial markets usually represent the