Working Papers


“Did Capital Requirements and Fair Value Accounting Spark Fire Sales in Distressed Mortgage-Backed Securities?” with Craig Merrill B. Merrill, Taylor D Nadauld, and Shane M. Sherlund.

“Are Firms in ‘Boring’ Industries Worth Less?” with Jia Chen and Kewei Hou.

“Why Have the Returns to Acquisitions Become More Positive?” with Sara B. Moeller and Frederik P. Schlingemann.

“Why Does Capital no Longer Flow More to the Industries with the Best Growth Opportunities?” with Dong Lee and Han Shin.

“Has the Bond Market Really Become Less Liquid?” with Mike Anderson.

“Why Has there Been a Secular Decline in Idiosyncratic Risk since 2000?” with Söhnke M. Bartram and Gregory Brown.

“Why Are Firms with More Managerial Ownership Worth Less?” with Kornelia Fabisik, Rüdiger Fahlenbrach, and Jérôme Taillard.

“Are Analyst Trade Ideas Valuable?,” with Justin Birru, Sinan Gokkaya, and Xi Liu.

“Are Corporate Payouts Abnormally High in the 2000s?,” with Kathleen Kahle.