WORKING PAPERS - 1994
Click on the links listed below to see the abstract. Click here for a complete list of abstracts for this year. Click on the  icon beside the title in order to download the full paper in Adobe Acrobat. (If you do not have the Adobe Reader you can get a free copy from Adobe's World Wide Web Site at http://www.adobe.com/acrobat/readstep.html).
#01-94
A General Equilibrium Model of Portfolio Insurance (Reprint 053)
Süleyman Basak
[abstract]
#02-94
Efficiency of Banks in the Third Federal Reserve District
Loretta J. Mester
[abstract]
#03-94
Consumer Behavior and the Stickiness of CreditCard Interest Rates
Paul S. Calem and Loretta J. Mester
[abstract]
#04-94
Evidence on the Objectives of Bank Managers
Joseph P. Hughes and Loretta J. Mester
[abstract]
#05-94
A Transaction Cost Theory of Corporate Finance, with Applications to Security, Bankruptcy, and the Nature of Economic Organization
Bruce D. Johnsen
[abstract]
#06-94
Portfolio Inefficiency and the Cross-Section of Expected Returns (Revision of 3-93)
Shmuel Kandel and Robert F. Stambaugh
[abstract]
#07-94
Whose Market Is It Anyway? Intermediaries' or Investors' (Reprint 044)
Morris Mendelson and Junius W. Peake
[abstract]
#08-94
Dynamic Consumption-Portfolio Choice and Asset Pricing with Non-Price-Taking Agents (Revised: 7-95)
Süleyman Basak
[abstract]
#09-94
An Index-Contingent Trading Mechanism: Economic Implications
Avi Wohl and Shmuel Kandel
[abstract]
#10-94
The Upstairs Market for Large-Block Transactions: Analysis and Measurement of Price Effects (Revision of 21-92)
Donald B. Keim and Ananth Madhavan
[abstract]
#11-94
Systematic Risk and Diversification in the Equity REIT Market
Joseph Gyourko and Edward Nelling
[abstract]
#12-94
Anatomy of the Trading Process: Empirical Evidence on the Behavior of Institutional Traders (Revision of 18-93) (Reprint 045)
Donald B. Keim and Ananth Madhavan
[abstract]
#13-94
A Welfare Comparison of the German and U.S. Financial Systems (Reprint 047)
Franklin Allen and Douglas Gale
[abstract]
#14-94
Dividend Policy (Reprint 050)
Franklin Allen and Roni Michaely
[abstract]
#15-94
Corporate Financial Structure, Incentives and Optimal Contracting (Reprint 049)
Franklin Allen and Andrew Winton
[abstract]
#16-94
Are Target Managers Afraid of Section 16b? (Revised: 13-95)
Anup Agrawal and Jeffrey F. Jaffe
[abstract]
#17-94
Limiting Differences Between Forward and Futures Prices in a Lucas Consumption Model
Zvi Wiener, Simon Benninga and Aris Protopapadakis
[abstract]
#18-94
How Far Apart Can Two Riskless Interest Rates (One Moves, the Other One Does Not)
Francisco Delgado and Bernard Dumas
[abstract]
#19-94
Noise Trading, Delegated Portfolio Management, and Economic Welfare
James Dow and Gary Gorton
[abstract]
#20-94
Why Do Security Prices Change? A Transaction-Level Analysis of NYSE Stocks
Ananth Madhavan, Matthew Richardson, and Mark Roomans
[abstract]
#21-94
Multifactor Models Do Not Explain Deviations from the CAPM (Revision of 15-93)
Craig A. MacKinlay
[abstract]
#22-94
On the Predictability of Common Stock Returns: World-Wide Evidence (Revision of 23-92) (Reprint 054)
Gabriel Hawawini and Donald B. Keim
[abstract]
#23-94
On the Use of Implied Stock Volatilities in the Prediction of Successful Corporate Takeovers
Giovanni Barone-Adesi, Keith C. Brown and W. V. Harlow
[abstract]
#24-94
ALM in Banks (Revised 8-96)
Giovanni Barone-Adesi
[abstract]
#25-94
Numerical Evaluation of the Critical Price and American Options
Walter Allegretto, Giovanni Barone-Adesi and Robert J. Elliott
[abstract]
#26-94
Execution Costs and Investment Performance: An Empirical Analysis of Institutional Equity Trades (Revised: 9-95)
Donald B. Keim and Ananth Madhavan
[abstract]
#27-94
On the Predictability of Stock Returns: An Asset-Allocation Perspective (Reprint 057)
Shmuel Kandel and Robert F. Stambaugh
[abstract]
#28-94
Managerial Compensation and the Threat of Takeover
Anup Agrawal and Charles R. Knoeber
[abstract]
#29-94
Firm Performance and Mechanisms to Control Agency Problems between Managers and Shareholders
Anup Agrawal and Charles R. Knoeber
[abstract] |
