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31 result(s) found matching your criteria: Showing page 1 of 4

Trading Complex Assets

Forthcoming Articles

Author(s): Bruce Ian Carlin, Shimon Kogan, Richard Lowery

ABSTRACT We perform an experimental study to assess the effect of complexity on asset trading. We find that higher complexity...

The Journal of Finance - Accepted Articles

The TIPS—Treasury Bond Puzzle*

Forthcoming Articles

Author(s): Matthias Fleckenstein, Francis A. Longstaff, Hanno Lustig

ABSTRACT We show that the price of a Treasury bond and an inflation‐swapped TIPS issue exactly replicating the cash flows of the...

The Journal of Finance - Accepted Articles

Taxes, Theft, and Firm Performance

Forthcoming Articles

Author(s): Maxim Mironov

ABSTRACT This paper examines the interaction between income diversion and firm performance. Using unique Russian banking...

The Journal of Finance - Accepted Articles

A Model of Shadow Banking

Forthcoming Articles

Author(s): Nicola Gennaioli, Andrei Shleifer, Robert W. Vishny

Abstract We present a model of shadow banking in which banks originate and trade loans, assemble them into diversified...

The Journal of Finance - Accepted Articles

Organization Capital and the Cross‐Section of Expected Returns

Forthcoming Articles

Author(s): ANDREA L. EISFELDT, DIMITRIS PAPANIKOLAOU

Abstract Organization capital is a production factor that is embodied in the firm's key talent and has an efficiency that is...

The Journal of Finance - Accepted Articles

Pricing Model Performance and the Two‐Pass Cross‐Sectional Regression Methodology

Forthcoming Articles

Author(s): RAYMOND KAN, CESARE ROBOTTI, JAY SHANKEN

Abstract Over the years, many asset pricing studies have employed the sample cross‐sectional regression (CSR) R2 as a measure of...

The Journal of Finance - Accepted Articles

Cheap Credit, Lending Operations, and International Politics: The Case of Global Microfinance

Forthcoming Articles

Author(s): MARK J. GARMAISE, GABRIEL NATIVIDAD

ABSTRACT The provision of subsidized credit to financial institutions is an important and frequently used policy tool of...

The Journal of Finance - Accepted Articles

Opening the Black Box: Internal Capital Markets and Managerial Power

Forthcoming Articles

Author(s): MARKUS GLASER, FLORENCIO LOPEZ‐DE‐SILANES, ZACHARIAS SAUTNER

ABSTRACT We analyze the internal capital markets of a multinational conglomerate, using a unique panel data set of planned and...

The Journal of Finance - Accepted Articles

Informed Trading through the Accounts of Children

Forthcoming Articles

Author(s): Henk Berkman, Paul D. Koch, P. Joakim Westerholm

ABSTRACT This study shows that the guardians behind underaged accounts are successful at picking stocks. Moreover, they tend to...

The Journal of Finance - Accepted Articles

The Determinants of Attitudes towards Strategic Default on Mortgages

Forthcoming Articles

Author(s): LUIGI GUISO, PAOLA SAPIENZA, LUIGI ZINGALES

ABSTRACT We use survey data to measure households’ propensity to default on mortgages even if they can afford to pay them...

The Journal of Finance - Accepted Articles

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