Details about Malcolm Baker

Access statistics for papers by Malcolm Baker.

Last updated 2016-08-07. Update your information in the RePEc Author Service.

Short-id: pba735

Working Papers

2022

1. Demand for ESG
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)

2018

2. Financing the Response to Climate Change: The Pricing and Ownership of U.S. Green Bonds
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (163)

2016

3. The Risk Anomaly Tradeoff of Leverage
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)

2013

4. Do Strict Capital Requirements Raise the Cost of Capital? Banking Regulation and the Low Risk Anomaly
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (24)

2012

5. Dividends as Reference Points: A Behavioral Signaling Approach
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
   See also Journal Article Dividends as Reference Points: A Behavioral Signaling Approach, The Review of Financial Studies, Society for Financial Studies (2016) View citations (39) (2016)

2011

6. Behavioral Corporate Finance: An Updated Survey
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (22)
   See also Chapter Behavioral Corporate Finance: An Updated Survey, Handbook of the Economics of Finance, Elsevier (2013) View citations (80) (2013)

2009

7. A Reference Point Theory of Mergers and Acquisitions
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
8. Global, local, and contagious investor sentiment
   Globalization Institute Working Papers, Federal Reserve Bank of Dallas View citations (7)
   See also Journal Article Global, local, and contagious investor sentiment, Journal of Financial Economics, Elsevier (2012) View citations (409) (2012)
9. The Equity Share in New Issues and Aggregate Stock Returns
   Yale School of Management Working Papers, Yale School of Management View citations (2)
   See also Journal Article The Equity Share in New Issues and Aggregate Stock Returns, Journal of Finance, American Finance Association (2000) View citations (360) (2000)

2008

10. Catering Through Nominal Share Prices
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    See also Journal Article Catering through Nominal Share Prices, Journal of Finance, American Finance Association (2009) View citations (77) (2009)

2007

11. Investor Sentiment in the Stock Market
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1292)
    See also Journal Article Investor Sentiment in the Stock Market, Journal of Economic Perspectives, American Economic Association (2007) View citations (1295) (2007)

2006

12. The Effect of Dividends on Consumption
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
    See also Journal Article The Effect of Dividends on Consumption, Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution (2007) View citations (54) (2007)

2004

13. Behavioral Corporate Finance: A Survey
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (66)
14. Can Mutual Fund Managers Pick Stocks? Evidence from the Trades Prior to Earnings Announcements
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
    See also Journal Article Can Mutual Fund Managers Pick Stocks? Evidence from Their Trades Prior to Earnings Announcements, Journal of Financial and Quantitative Analysis, Cambridge University Press (2010) View citations (84) (2010)
15. Corporate Financing Decisions When Investors Take the Path of Least Resistance
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
    See also Journal Article Corporate financing decisions when investors take the path of least resistance, Journal of Financial Economics, Elsevier (2007) View citations (43) (2007)
16. Investor Sentiment and the Cross-Section of Stock Returns
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)
    See also Journal Article Investor Sentiment and the Cross‐Section of Stock Returns, Journal of Finance, American Finance Association (2006) View citations (1745) (2006)
17. Pseudo Market Timing and Predictive Regressions
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
18. The Stock Market and Investment: Evidence from FDI Flows
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)

2003

19. A Catering Theory of Dividends
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
20. Appearing and Disappearing Dividends: The Link to Catering Incentives
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Journal Article Appearing and disappearing dividends: The link to catering incentives, Journal of Financial Economics, Elsevier (2004) View citations (144) (2004)

2002

21. Market Liquidity as a Sentiment Indicator
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (22)
    Also in Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research (2002) View citations (13)
    See also Journal Article Market liquidity as a sentiment indicator, Journal of Financial Markets, Elsevier (2004) View citations (445) (2004)
22. When Does the Market Matter? Stock Prices and the Investment of Equity-Dependent Firms
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (33)
    Also in Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research (2002) View citations (13)
    See also Journal Article When Does the Market Matter? Stock Prices and the Investment of Equity-Dependent Firms, The Quarterly Journal of Economics, President and Fellows of Harvard College (2003) View citations (553) (2003)

2001

23. Market Timing and Capital Structure
    Yale School of Management Working Papers, Yale School of Management View citations (19)

Journal Articles

2016

1. Dividends as Reference Points: A Behavioral Signaling Approach
   The Review of Financial Studies, 2016, 29, (3), 697-738 View citations (39)
   See also Working Paper Dividends as Reference Points: A Behavioral Signaling Approach, NBER Working Papers (2012) View citations (8) (2012)
2. Under new management: Equity issues and the attribution of past returns
   Journal of Financial Economics, 2016, 121, (1), 66-78 View citations (13)

2015

3. Do Strict Capital Requirements Raise the Cost of Capital? Bank Regulation, Capital Structure, and the Low-Risk Anomaly
   American Economic Review, 2015, 105, (5), 315-20 View citations (126)

2012

4. Global, local, and contagious investor sentiment
   Journal of Financial Economics, 2012, 104, (2), 272-287 View citations (409)
   See also Working Paper Global, local, and contagious investor sentiment, Globalization Institute Working Papers (2009) View citations (7) (2009)
5. The effect of reference point prices on mergers and acquisitions
   Journal of Financial Economics, 2012, 106, (1), 49-71 View citations (128)

2010

6. Can Mutual Fund Managers Pick Stocks? Evidence from Their Trades Prior to Earnings Announcements
   Journal of Financial and Quantitative Analysis, 2010, 45, (5), 1111-1131 View citations (84)
   See also Working Paper Can Mutual Fund Managers Pick Stocks? Evidence from the Trades Prior to Earnings Announcements, NBER Working Papers (2004) View citations (7) (2004)

2009

7. Capital Market-Driven Corporate Finance
   Annual Review of Financial Economics, 2009, 1, (1), 181-205 View citations (42)
8. Catering through Nominal Share Prices
   Journal of Finance, 2009, 64, (6), 2559-2590 View citations (77)
   See also Working Paper Catering Through Nominal Share Prices, NBER Working Papers (2008) View citations (4) (2008)
9. Multinationals as Arbitrageurs: The Effect of Stock Market Valuations on Foreign Direct Investment
   The Review of Financial Studies, 2009, 22, (1), 337-369 View citations (88)

2007

10. Corporate financing decisions when investors take the path of least resistance
    Journal of Financial Economics, 2007, 84, (2), 266-298 View citations (43)
    See also Working Paper Corporate Financing Decisions When Investors Take the Path of Least Resistance, NBER Working Papers (2004) View citations (7) (2004)
11. Investor Sentiment in the Stock Market
    Journal of Economic Perspectives, 2007, 21, (2), 129-152 View citations (1295)
    See also Working Paper Investor Sentiment in the Stock Market, NBER Working Papers (2007) View citations (1292) (2007)
12. The Effect of Dividends on Consumption
    Brookings Papers on Economic Activity, 2007, 38, (1), 231-292 View citations (54)
    See also Working Paper The Effect of Dividends on Consumption, NBER Working Papers (2006) View citations (10) (2006)

2006

13. Investor Sentiment and the Cross‐Section of Stock Returns
    Journal of Finance, 2006, 61, (4), 1645-1680 View citations (1745)
    See also Working Paper Investor Sentiment and the Cross-Section of Stock Returns, NBER Working Papers (2004) View citations (16) (2004)
14. Predicting Returns with Managerial Decision Variables: Is There a Small‐Sample Bias?
    Journal of Finance, 2006, 61, (4), 1711-1730 View citations (29)

2004

15. Appearing and disappearing dividends: The link to catering incentives
    Journal of Financial Economics, 2004, 73, (2), 271-288 View citations (144)
    See also Working Paper Appearing and Disappearing Dividends: The Link to Catering Incentives, NBER Working Papers (2003) View citations (1) (2003)
16. Market liquidity as a sentiment indicator
    Journal of Financial Markets, 2004, 7, (3), 271-299 View citations (445)
    See also Working Paper Market Liquidity as a Sentiment Indicator, NBER Working Papers (2002) View citations (22) (2002)

2003

17. The Determinants of Board Structure at the Initial Public Offering
    Journal of Law and Economics, 2003, 46, (2), 569-98 View citations (196)
18. The maturity of debt issues and predictable variation in bond returns
    Journal of Financial Economics, 2003, 70, (2), 261-291 View citations (108)
19. When Does the Market Matter? Stock Prices and the Investment of Equity-Dependent Firms
    The Quarterly Journal of Economics, 2003, 118, (3), 969-1005 View citations (553)
    See also Working Paper When Does the Market Matter? Stock Prices and the Investment of Equity-Dependent Firms, NBER Working Papers (2002) View citations (33) (2002)

2002

20. Limited arbitrage in mergers and acquisitions
    Journal of Financial Economics, 2002, 64, (1), 91-115 View citations (68)

2000

21. The Equity Share in New Issues and Aggregate Stock Returns
    Journal of Finance, 2000, 55, (5), 2219-2257 View citations (360)
    See also Working Paper The Equity Share in New Issues and Aggregate Stock Returns, Yale School of Management Working Papers (2009) View citations (2) (2009)

Books

2015

1. New Perspectives on Corporate Capital Structure
   NBER Books, National Bureau of Economic Research, Inc

Chapters

2013

1. Behavioral Corporate Finance: An Updated Survey
   Elsevier View citations (80)
   See also Working Paper Behavioral Corporate Finance: An Updated Survey, National Bureau of Economic Research, Inc (2011) View citations (22) (2011)
2. Introduction, New Perspectives on Corporate Capital Structure
   A chapter in New Perspectives on Corporate Capital Structure, 2013