WORKING PAPERS - 2011

Click on any title listed below to see the abstract. 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).

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01-11 (Revised 10-08)
Are stocks really Less Volative in the Long Run?
Lubos Pastor and
Robert F. Stambaugh

[abstract]

02-11 (Revised 01-09)

On the Size of the Active Management Industry
Lubos Pastor and Robert F. Stambaugh

[abstract]

03-11

The Short of It: Investor Sentiment and Anomalies
Robert Stambaugh, Jianfeng Yu and Yu Yuan

[abstract]

 

04-11

Trading Frenzies and Their Impact on Real Investment
Itay Goldstein, Emre Ozdenoren and Kathy Yuan

[abstract]

 

05-11

Government Intervention and Information Aggregation
Philip Bond and Itay Goldstein

[abstract]

 

06-11

Self Fulfilling Credit Market Freezes
Lucian A. Bebchuk and Itay Goldstein

[abstract]

 

07-11

Corporate Bankruptcy and Creditor Incentives
Todd Gormley, Nandini Gupta and Anand Jha

[abstract]

 

08-11

CEO Compensation and Corporate Risk-Taking: Evidence form a Natural Experiment
Todd A. Gormley, David A. Matsa and Todd Milbourn

[abstract]

09-11 (Revised 16-08)

Can Time-varying Risk of Rare Disasters Explain Aggregate Stock Market Volatility?
Jessica A. Wachter

[abstract]

10-11

Bankers and Regulators
Philip Bond and Vincent Glode

[abstract]

11-11

Feedback Effects and the Limits to Arbitrage
Alex Edmans, Itay Goldstein and Wei Jiang

[abstract]

12-11
Contracting with Synergies
Alex Edmans, Itay Goldstein and John Zhu

[abstract]

13-11
Expertise, Structure and Reputation of Corporate Boards
Doron Levit

[abstract]

14-11
Notes on Bonds: Liquidity at all Costs in the Great Recession
David Musto, Gregory Nini and Krista Schwartz

[abstract]


Rodney L. White Center for
Financial Research
Telephone: (215) 898-7616
Facsimile: (215) 573-8084
Email: rlwctr@finance.wharton.upenn.edu

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