Details about Steven Sharpe

Access statistics for papers by Steven Sharpe.

Last updated 2012-12-13. Update your information in the RePEc Author Service.

Short-id: psh65

Working Papers

2012

1. From the horse’s mouth: how do investor expectations of risk and return vary with economic conditions?
   Working Paper Series, Federal Reserve Bank of Chicago

2008

2. 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 (3)
   See also Journal Article in Proceedings (2009)
3. Footnotes Aren't Enough: The Impact of Pension Accounting on Stock Values
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
   Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2008) View citations (1)
   See also Journal Article in Journal of Pension Economics and Finance (2008)

2007

4. 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.) View citations (2)
   See also Journal Article in Journal of Financial and Quantitative Analysis (2009)

2006

5. How did the 2003 dividend tax cut affect stock prices?
   Working Paper Series, Federal Reserve Bank of Chicago View citations (2)
   Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2005) View citations (3)
   See also Journal Article in Financial Management (2008)

2005

6. Do nonfinancial firms use interest rate derivatives to hedge?
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)
7. 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)
8. 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

9. 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 (11)
   See also Journal Article in Brookings Papers on Economic Activity (2003)
10. 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.) View citations (1)

2002

11. 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 (3)

2001

12. 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 (6)
    See also Journal Article in The Review of Economics and Statistics (2002)

1999

13. 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 (15)
14. Stock prices, expected returns, and inflation
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (12)

1996

15. 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 (1)
16. 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 (26)
    See also Journal Article in Journal of Finance (1998)

1995

17. 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 (34)

1994

18. 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)
19. Leverage as a State Variable for Employment, Inventory Accumulation, andFixed Investment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1994) View citations (11)
20. Optimal bank portfolios and the credit crunch
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (7)
21. 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 (1)

1993

22. 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 (1)
    See also Journal Article in American Economic Review (1994)

1992

23. 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.) View citations (1)
24. Hostile Takeovers and Expropriation of Extramarginal Wages: A Test
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1992) View citations (2)

1991

25. Debt and employment volatility over the business cycle
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)
26. 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

27. 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 (2)
    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)
28. 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 (4)

1989

29. 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 (1)
30. 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 (5)
    See also Journal Article in Journal of Finance (1990)
31. 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 (27)
    See also Journal Article in The Quarterly Journal of Economics (1992)

1988

32. Post-deregulation deposit rate pricing: the multivariate dynamics
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (2)

1987

33. 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.)
34. 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

35. 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)
2. Expectations of risk and return among household investors: Are their Sharpe ratios countercyclical?
   Proceedings, 2009, (Jan)
   See also Working Paper (2008)

2008

3. 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 (1)
   See also Working Paper (2008)
4. How Did the 2003 Dividend Tax Cut Affect Stock Prices?
   Financial Management, 2008, 37, (4), 625-646
   See also Working Paper (2006)

2005

5. Downside risk
   Proceedings, 2005
6. From the horse’s mouth: gauging conditional expected stock returns from investor surveys
   Proceedings, 2005 View citations (1)
   See also Working Paper (2005)

2003

7. Did Pension Plan Accounting Contribute to a Stock Market Bubble?
   Brookings Papers on Economic Activity, 2003, 34, (1), 323-371 View citations (11)
   See also Working Paper (2003)

2002

8. Reexamining Stock Valuation and Inflation: The Implications Of Analysts' Earnings Forecasts
   The Review of Economics and Statistics, 2002, 84, (4), 632-648 View citations (21)
   See also Working Paper (2001)

1998

9. 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 (51)
   See also Working Paper (1996)

1997

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

1996

11. Does lending by banks and finance companies differ?
    Proceedings, 1996, (May), 256-276 View citations (4)

1995

12. Capital market imperfections and the incentive to lease
    Journal of Financial Economics, 1995, 39, (2-3), 271-294 View citations (26)
    See also Working Paper (1994)

1994

13. Financial Market Imperfections, Firm Leverage, and the Cyclicality of Employment
    American Economic Review, 1994, 84, (4), 1060-74 View citations (66)
    See also Working Paper (1993)

1992

14. 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 (99)
    See also Working Paper (1989)

1991

15. Animal Spirits, Margin Requirements, and Stock Price Volatility
    Journal of Finance, 1991, 46, (2), 717-31 View citations (6)
    See also Working Paper (1990)
16. Credit rationing, concessionary lending, and debt maturity
    Journal of Banking & Finance, 1991, 15, (3), 581-604 View citations (8)

1990

17. Asymmetric Information, Bank Lending, and Implicit Contracts: A Stylized Model of Customer Relationships
    Journal of Finance, 1990, 45, (4), 1069-87 View citations (332)
    See also Working Paper (1989)
18. Post-deregulation Bank-Deposit-Rate Pricing: The Multivariate Dynamics
    Journal of Business & Economic Statistics, 1990, 8, (3), 281-91 View citations (14)