Details about Steven Sharpe

Access statistics for papers by Steven Sharpe.

Last updated 2009-08-31. Update your information in the RePEc Author Service.

Short-id: psh65

Working Papers

2008

1. Expectations of risk and return among household investors: Are their Sharpe ratios countercyclical?
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations
2. Footnotes Aren't Enough: The Impact of Pension Accounting on Stock Values
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
   Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2008)
   See also Journal Article in Journal of Pension Economics and Finance (2008)

2007

3. Anchoring bias in consensus forecasts and its effect on market prices
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)
   See also Journal Article in Journal of Financial and Quantitative Analysis (2009)

2006

4. How did the 2003 dividend tax cut affect stock prices?
   Working Paper Series, Federal Reserve Bank of Chicago
   Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2005) View citations

2005

5. Do nonfinancial firms use interest rate derivatives to hedge?
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)
6. From the horse's mouth: gauging conditional expected stock returns from investor surveys
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)
   See also Journal Article in Proceedings (2005)
7. How did the 2003 dividend tax cut affect stock prices and corporate payout policy?
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)

2003

8. Did pension plan accounting contribute to a stock market bubble?
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations
   See also Journal Article in Brookings Papers on Economic Activity (2003)
9. Getting bad news out early: does it really help stock prices?
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)

2002

10. How does the market interpret analysts' long-term growth forecasts?
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations

2001

11. Reexamining stock valuation and inflation: the implications of analysts' earnings forecasts
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations
    See also Journal Article in The Review of Economics and Statistics (2002)

1999

12. Share repurchases and employee stock options and their implications for S&P 500 share retirements and expected returns
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations
13. Stock prices, expected returns, and inflation
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations

1996

14. Debt maturity and the use of interest rate derivatives by non-financial firms
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations
15. Does corporate lending by banks and finance companies differ? Evidence on specialization in private debt contracting
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations
    See also Journal Article in Journal of Finance (1998)

1995

16. Bank capitalization, regulation, and the credit crunch: a critical review of the research findings
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations

1994

17. Capital market imperfections and the incentive to lease
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)
    See also Journal Article in Journal of Financial Economics (1995)
18. Leverage as a State Variable for Employment, Inventory Accumulation, andFixed Investment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1994) View citations
19. Optimal bank portfolios and the credit crunch
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations
20. Rents and quasi-rents in the wage structure: evidence from hostile takeovers
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations

1993

21. Financial market imperfections, firm leverage and the cyclicality of employment
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations
    See also Journal Article in American Economic Review (1994)

1992

22. Consumer switching costs, market structure and prices: the theory and its application in the bank deposit market
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)
23. Hostile Takeovers and Expropriation of Extramarginal Wages: A Test
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1992) View citations

1991

24. Debt and employment volatility over the business cycle
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)
25. Debt maturity and the back-to-the-wall theory of corporate finance
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)

1990

26. Animal spirits, margin requirements, and stock price volatility
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1989)
    See also Journal Article in Journal of Finance (1991)
27. Switching costs, market concentration, and prices: the theory and its empirical implications in the bank deposit market
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations

1989

28. A theory of credit rationing and the maturity structure of debt
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1988) View citations
29. Asymmetric information, bank lending, and implicit contracts: a stylized model of customer relationships
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations
    See also Journal Article in Journal of Finance (1990)
30. Market structure and the nature of price rigidity: evidence from the market for consumer deposits
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations
    See also Journal Article in The Quarterly Journal of Economics (1992)

1988

31. Post-deregulation deposit rate pricing: the multivariate dynamics
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)

1987

32. Asymmetric information, bank lending, and implicit contracts: a stylized model of continuing relationships
    Special Studies Papers, Board of Governors of the Federal Reserve System (U.S.)
33. Price rigidity in imperfectly competitive markets: a survey of theoretical approaches
    Special Studies Papers, Board of Governors of the Federal Reserve System (U.S.)

1986

34. Experience goods, customer loyalty, and sticky prices in a dynamic market
    Special Studies Papers, Board of Governors of the Federal Reserve System (U.S.)

Journal Articles

2009

1. Anchoring Bias in Consensus Forecasts and Its Effect on Market Prices
   Journal of Financial and Quantitative Analysis, 2009, 44, (02), 369-390
   See also Working Paper (2007)

2008

2. Footnotes aren't enough: the impact of pension accounting on stock values
   Journal of Pension Economics and Finance, 2008, 7, (03), 257-276 View citations
   See also Working Paper (2008)

2005

3. From the horse’s mouth: gauging conditional expected stock returns from investor surveys
   Proceedings, 2005
   See also Working Paper (2005)

2003

4. Did Pension Plan Accounting Contribute to a Stock Market Bubble?
   Brookings Papers on Economic Activity, 2003, 34, (2003-1), 323-371 View citations
   See also Working Paper (2003)

2002

5. Reexamining Stock Valuation and Inflation: The Implications Of Analysts' Earnings Forecasts
   The Review of Economics and Statistics, 2002, 84, (4), 632-648 View citations
   See also Working Paper (2001)

1998

6. Does Corporate Lending by Banks and Finance Companies Differ? Evidence on Specialization in Private Debt Contracting
   Journal of Finance, 1998, 53, (3), 845-878 View citations
   See also Working Paper (1996)

1997

7. Bank asset opaqueness: some comments
   Proceedings, 1997, (May), 435-440

1996

8. Does lending by banks and finance companies differ?
   Proceedings, 1996, (May), 256-276 View citations

1995

9. Capital market imperfections and the incentive to lease
   Journal of Financial Economics, 1995, 39, (2-3), 271-294 View citations
   See also Working Paper (1994)

1994

10. Financial Market Imperfections, Firm Leverage, and the Cyclicality of Employment
    American Economic Review, 1994, 84, (4), 1060-74 View citations
    See also Working Paper (1993)

1992

11. Market Structure and the Nature of Price Rigidity: Evidence from the Market for Consumer Deposits
    The Quarterly Journal of Economics, 1992, 107, (2), 657-80 View citations
    See also Working Paper (1989)

1991

12. Animal Spirits, Margin Requirements, and Stock Price Volatility
    Journal of Finance, 1991, 46, (2), 717-31 View citations
    See also Working Paper (1990)
13. Credit rationing, concessionary lending, and debt maturity
    Journal of Banking & Finance, 1991, 15, (3), 581-604 View citations

1990

14. Asymmetric Information, Bank Lending, and Implicit Contracts: A Stylized Model of Customer Relationships
    Journal of Finance, 1990, 45, (4), 1069-87 View citations
    See also Working Paper (1989)
15. Post-deregulation Bank-Deposit-Rate Pricing: The Multivariate Dynamics
    Journal of Business & Economic Statistics, 1990, 8, (3), 281-91 View citations