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Details about René M. Stulz

Homepage:http://www.cob.ohio-state.edu/fin/faculty/stulz/index.htm
Workplace:Charles A. Dice Center for Research in Financial Economics, Fisher College of Business, Ohio State University, (more information at EDIRC)
Department of Finance, Fisher College of Business, Ohio State University, (more information at EDIRC)
National Bureau of Economic Research (NBER), (more information at EDIRC)
Swiss Finance Institute, (more information at EDIRC)

Access statistics for papers by René M. Stulz.

Last updated 2011-04-04. Update your information in the RePEc Author Service.

Short-id: pst226


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Working Papers

2009

  1. Bank CEO Incentives and the Credit Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (10)
    Also in Swiss Finance Institute Research Paper Series, Swiss Finance Institute Downloads View citations (6)
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2009) Downloads View citations (9)
  2. Credit Default Swaps and the Credit Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2009) Downloads View citations (3)

    See also Journal Article in Journal of Economic Perspectives (2010)
  3. Do Target CEOs Sell Out Their Shareholders to Keep Their Job in a Merger?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2009) Downloads View citations (4)
  4. When Are Analyst Recommendation Changes Influential?
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics Downloads
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) Downloads
  5. Why Did Some Banks Perform Better During the Credit Crisis? A Cross-Country Study of the Impact of Governance and Regulation
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (10)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2009) Downloads View citations (10)
  6. Why Do Foreign Firms Have Less Idiosyncratic Risk Than U.S. Firms?
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics Downloads View citations (7)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) Downloads View citations (6)
  7. Why Do Foreign Firms Leave U.S. Equity Markets?
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics Downloads View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) Downloads View citations (2)

2008

  1. Financial globalization, governance, and the evolution of the home bias
    Globalization and Monetary Policy Institute Working Paper, Federal Reserve Bank of Dallas Downloads View citations (1)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2006) Downloads View citations (10)
    NBER Working Papers, National Bureau of Economic Research, Inc (2006) Downloads View citations (16)
    BIS Working Papers, Bank for International Settlements (2006) Downloads

    See also Journal Article in Journal of Accounting Research (2009)
  2. Hedge Fund Contagion and Liquidity
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics Downloads View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) Downloads View citations (3)
  3. How Much Do Banks Use Credit Derivatives to Hedge Loans?
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics Downloads View citations (1)
    See also Journal Article in Journal of Financial Services Research (2009)
  4. Is There Hedge Fund Contagion
    Working Papers, University of Pennsylvania, Wharton School, Weiss Center Downloads
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2006) Downloads View citations (1)
    NBER Working Papers, National Bureau of Economic Research, Inc (2006) Downloads View citations (2)
  5. Managerial Ownership Dynamics and Firm Value
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics Downloads View citations (2)
    Also in CEI Working Paper Series, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University (2008) Downloads View citations (2)
    NBER Working Papers, National Bureau of Economic Research, Inc (2007) Downloads

    See also Journal Article in Journal of Financial Economics (2009)
  6. Risk Management Failures: What Are They and When Do They Happen?
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics Downloads View citations (6)
    See also Journal Article in Journal of Applied Corporate Finance (2008)
  7. Securities Laws, Disclosure, and National Capital Markets in the Age of Financial Globalization
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
    See also Journal Article in Journal of Accounting Research (2009)
  8. Why Do Firms Appoint CEOs as Outside Directors?
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics Downloads View citations (2)
  9. Why Do Foreign Firms Leave U.S. Equity Markets? An Analysis of Deregistrations under SEC Exchange Act Rule 12h-6
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics Downloads View citations (1)

2007

  1. Differences in Governance Practices between U.S. and Foreign Firms: Measurement, Causes, and Consequences
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2007) Downloads

    See also Journal Article in Review of Financial Studies (2009)
  2. Do U.S. Firms Have the Best Corporate Governance? A Cross-Country Examination of the Relation between Corporate Governance and Shareholder Wealth
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2006) Downloads
  3. Fundamentals, Market Timing, and Seasoned Equity Offerings
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (7)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2007) Downloads View citations (6)
  4. Has New York Become Less Competitive in Global Markets? Evaluating Foreign Listing Choices Over Time
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (8)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2007) Downloads View citations (1)
  5. Hedge Funds: Past, Present, and Future
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics Downloads View citations (18)
    See also Journal Article in Journal of Economic Perspectives (2007)
  6. Why Do Private Acquirers Pay So Little Compared to Public Acquirers?
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics Downloads View citations (6)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007) Downloads View citations (6)

    See also Journal Article in Journal of Financial Economics (2008)
  7. Why Do U.S. Firms Hold So Much More Cash Than They Used To?
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics Downloads View citations (4)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) Downloads View citations (11)

    See also Journal Article in Journal of Finance (2009)

2006

  1. Do Local Analysts Know More? A Cross-Country Study of the Performance of Local Analysts and Foreign Analysts
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics Downloads View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005) Downloads View citations (10)

    See also Journal Article in Journal of Financial Economics (2008)
  2. Enterprise Risk Management: Theory and Practice
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics Downloads View citations (6)
    See also Journal Article in Journal of Applied Corporate Finance (2006)
  3. Financial Globalization, Corporate Governance, and Eastern Europe
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (7)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2005) Downloads View citations (1)
  4. Merton Miller
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics Downloads
  5. The Economics of Conflicts of Interest in Financial Institutions
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2006) Downloads

    See also Journal Article in Journal of Financial Economics (2007)

2005

  1. Do Investors Trade More When Stocks Have Performed Well? Evidence from 46 Countries
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics Downloads
  2. How Much Do Banks Use Credit Derivatives to Reduce Risk?
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics Downloads View citations (14)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005) Downloads View citations (18)
  3. Private Benefits of Control, Ownership, and the Cross-Listing Decision
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics Downloads View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005) Downloads View citations (6)
    Working Papers, University of Pennsylvania, Wharton School, Weiss Center (2005) Downloads View citations (1)

    See also Journal Article in Journal of Finance (2009)
  4. The Limits of Financial Globalization
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (151)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2005) Downloads View citations (150)

    See also Journal Article in Journal of Applied Corporate Finance (2007)
  5. The Risks of Financial Institutions
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2005) Downloads View citations (3)

    See also Book (2007)
  6. Why Do Firms Become Widely Held? An Analysis of the Dynamics of Corporate Ownership
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics Downloads View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005) Downloads View citations (1)

    See also Journal Article in Journal of Finance (2007)

2004

  1. Dividend Policy, Agency Costs, and Earned Equity
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2004) Downloads View citations (3)
  2. Do Acquirers With More Uncertain Growth Prospects Gain Less From Acquisitions?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2004) Downloads View citations (3)
  3. Do Domestic Investors Have an Edge? The Trading Experience of Foreign Investors in Korea
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (9)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2004) Downloads View citations (2)

    See also Journal Article in Review of Financial Studies (2005)
  4. Should We Fear Derivatives?
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics Downloads View citations (12)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2004) Downloads View citations (12)

    See also Journal Article in Journal of Economic Perspectives (2004)
  5. Stock Market Trading and Market Conditions
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (8)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2004) Downloads View citations (8)
  6. Wealth Destruction on a Massive Scale? A Study of Acquiring-Firm Returns in the Recent Merger Wave
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    See also Journal Article in Journal of Finance (2005)
  7. Why Do Countries Matter So Much for Corporate Governance?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (24)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2004) Downloads View citations (21)

    See also Journal Article in Journal of Financial Economics (2007)

2003

  1. Do Firms in Countries with Poor Protection of Investor Rights Hold More Cash?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (16)
  2. Do shareholders of acquiring firms gain from acquisitions?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (12)
  3. Equity market liberalizations as country IPOs
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (26)
    See also Journal Article in American Economic Review (2003)

2002

  1. Are Financial Assets Priced Locally or Globally?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (99)
    See also Chapter (2003)
  2. Corporate Governance and the Home Bias
    SIFR Research Report Series, Institute for Financial Research Downloads View citations (5)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2001) Downloads View citations (24)

    See also Journal Article in Journal of Financial and Quantitative Analysis (2003)
  3. Daily Cross-Border Equity Flows: Pushed or Pulled?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (16)

2001

  1. Culture, Openness, and Finance
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (33)
    See also Journal Article in Journal of Financial Economics (2003)
  2. Do Domestic Investors Have More Valuable Information About Individual Stocks Than Foreign Investors?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (28)
  3. Why are Foreign Firms Listed in the U.S. Worth More?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (35)
    See also Journal Article in Journal of Financial Economics (2004)

2000

  1. A New Approach to Measuring Financial Contagion
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (33)
    See also Journal Article in Review of Financial Studies (2003)
  2. Asset Liquidity and Segment Divestitures
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (6)
  3. Firm Value, Risk, and Growth Opportunities
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (18)
  4. U.S. Banks, Crises, and Bailouts: From Mexico to LTCM
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (39)
    See also Journal Article in American Economic Review (2000)

1999

  1. Banks, the IMF, and the Asian Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (14)
    See also Journal Article in Pacific-Basin Finance Journal (2000)
  2. Corporate Focusing and Internal Capital Markets
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
  3. Globalization of Equity Markets and the Cost of Capital
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (138)

1998

  1. Do Foreign Investors Destabilize Stock Markets? The Korean Experience in 1997
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)
    See also Journal Article in Journal of Financial Economics (1999)

1997

  1. International Competition and Exchange Rate Shocks: A Cross-Country Industry Analysis of Stock Returns
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    See also Journal Article in Review of Financial Studies (2001)
  2. Is Bank-Centered Corporate Governance Worth It? A Cross-Sectional Analysis of the Performance of Japanese Firms during the Asset Price Deflation
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (11)
  3. The Determinants and Implications of Corporate Cash Holdings
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (6)
    See also Journal Article in Journal of Financial Economics (1999)

1996

  1. An Analysis of Divisional Investment Policies
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)
  2. The Underreaction Hypothesis and the New Issue Puzzle: Evidence from Japan
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    See also Journal Article in Review of Financial Studies (1999)

1995

  1. Foreign Equity Investment Restrictions, Capital Flight, and Shareholder Wealth Maximization
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (10)
  2. Leverage, Investment, and Firm Growth
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (6)
    See also Journal Article in Journal of Financial Economics (1996)
  3. Why Is There a Home Bias? An Analysis of Foreign Portfolio Equity Ownership in Japan
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (6)
    See also Journal Article in Journal of Financial Economics (1997)

1994

  1. Asset Sales, Firm Performance, and the Agency Costs of Managerial Discretion
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    See also Journal Article in Journal of Financial Economics (1995)
  2. How Different is Japanese Corporate Finance? An Investigation of the Information Content of New Security Issues
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    See also Journal Article in Review of Financial Studies (1996)
  3. Information, Trading and Stock Returns: Lessons from Dually-Listed Securities
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
    See also Journal Article in Journal of Banking & Finance (1996)
  4. International Portfolio Choice and Asset Pricing: An Integrative Survey
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (28)
  5. Investment Opportunities, Managerial Decisions, and the Security Issue Decision
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)

1993

  1. Tobin's Q, Corporate Diversification and Firm Performance
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)
    See also Journal Article in Journal of Political Economy (1994)

1992

  1. Foreign Equity Investment Restrictions and Shareholder Wealth Maximization
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  2. Global Financial Markets and the Risk Premium on U.S. Equity
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (65)
    See also Journal Article in Journal of Financial Economics (1992)

Undated

  1. Identifying and quantifying exposures
    Research in Financial Economics, Ohio State University Downloads
  2. Why do Markets Move Together? An Investigation of U.S.-Japan Stock Return Comovements
    Research in Financial Economics, Ohio State University Downloads View citations (64)
    See also Journal Article in Journal of Finance (1996)
  3. Why do Markets Move Together? An Investigation of U.S.-Japan Stock Return Comovements using ADRS
    Research in Financial Economics, Ohio State University Downloads View citations (3)

Journal Articles

2010

  1. Credit Default Swaps and the Credit Crisis
    Journal of Economic Perspectives, 2010, 24, (1), 73-92 Downloads View citations (40)
    See also Working Paper (2009)

2009

  1. Differences in Governance Practices between U.S. and Foreign Firms: Measurement, Causes, and Consequences
    Review of Financial Studies, 2009, 22, (8), 3131-3169 Downloads View citations (28)
    See also Working Paper (2007)
  2. Financial Globalization, Governance, and the Evolution of the Home Bias
    Journal of Accounting Research, 2009, 47, (2), 597-635 Downloads View citations (29)
    See also Working Paper (2008)
  3. Has New York become less competitive than London in global markets? Evaluating foreign listing choices over time
    Journal of Financial Economics, 2009, 91, (3), 253-277 Downloads View citations (28)
  4. How Much Do Banks Use Credit Derivatives to Hedge Loans?
    Journal of Financial Services Research, 2009, 35, (1), 1-31 Downloads View citations (18)
    See also Working Paper (2008)
  5. Managerial ownership dynamics and firm value
    Journal of Financial Economics, 2009, 92, (3), 342-361 Downloads View citations (10)
    See also Working Paper (2008)
  6. Private Benefits of Control, Ownership, and the Cross-listing Decision
    Journal of Finance, 2009, 64, (1), 425-466 Downloads View citations (47)
    See also Working Paper (2005)
  7. Securities Laws, Disclosure, and National Capital Markets in the Age of Financial Globalization
    Journal of Accounting Research, 2009, 47, (2), 349-390 Downloads View citations (6)
    See also Working Paper (2008)
  8. Why Do U.S. Firms Hold So Much More Cash than They Used To?
    Journal of Finance, 2009, 64, (5), 1985-2021 Downloads View citations (88)
    See also Working Paper (2007)

2008

  1. Do local analysts know more? A cross-country study of the performance of local analysts and foreign analysts
    Journal of Financial Economics, 2008, 88, (3), 581-606 Downloads View citations (43)
    See also Working Paper (2006)
  2. Risk Management Failures: What Are They and When Do They Happen?
    Journal of Applied Corporate Finance, 2008, 20, (4), 39-48 Downloads View citations (8)
    See also Working Paper (2008)
  3. Why do private acquirers pay so little compared to public acquirers?
    Journal of Financial Economics, 2008, 89, (3), 375-390 Downloads View citations (23)
    See also Working Paper (2007)

2007

  1. Cash Holdings, Dividend Policy, and Corporate Governance: A Cross-Country Analysis
    Journal of Applied Corporate Finance, 2007, 19, (1), 81-87 Downloads
  2. Hedge Funds: Past, Present, and Future
    Journal of Economic Perspectives, 2007, 21, (2), 175-194 Downloads View citations (17)
    See also Working Paper (2007)
  3. How Do Diversity of Opinion and Information Asymmetry Affect Acquirer Returns?
    Review of Financial Studies, 2007, 20, (6), 2047-2078 Downloads View citations (28)
  4. The Limits of Financial Globalization
    Journal of Applied Corporate Finance, 2007, 19, (1), 8-15 Downloads
    Also in Journal of Finance, 2005, 60, (4), 1595-1638 (2005) Downloads View citations (150)

    See also Working Paper (2005)
  5. The economics of conflicts of interest in financial institutions
    Journal of Financial Economics, 2007, 85, (2), 267-296 Downloads View citations (22)
    See also Working Paper (2006)
  6. Why Do Firms Become Widely Held? An Analysis of the Dynamics of Corporate Ownership
    Journal of Finance, 2007, 62, (3), 995-1028 Downloads View citations (26)
    See also Working Paper (2005)
  7. Why do countries matter so much for corporate governance?
    Journal of Financial Economics, 2007, 86, (1), 1-39 Downloads View citations (112)
    See also Working Paper (2004)

2006

  1. Dividend policy and the earned/contributed capital mix: a test of the life-cycle theory
    Journal of Financial Economics, 2006, 81, (2), 227-254 Downloads View citations (65)
  2. Does the Contribution of Corporate Cash Holdings and Dividends to Firm Value Depend on Governance? A Cross-country Analysis
    Journal of Finance, 2006, 61, (6), 2725-2751 Downloads View citations (67)
  3. Enterprise Risk Management: Theory and Practice
    Journal of Applied Corporate Finance, 2006, 18, (4), 8-20 Downloads View citations (6)
    See also Working Paper (2006)

2005

  1. Do Domestic Investors Have an Edge? The Trading Experience of Foreign Investors in Korea
    Review of Financial Studies, 2005, 18, (3), 795-829 Downloads View citations (76)
    See also Working Paper (2004)
  2. Wealth Destruction on a Massive Scale? A Study of Acquiring-Firm Returns in the Recent Merger Wave
    Journal of Finance, 2005, 60, (2), 757-782 Downloads View citations (83)
    See also Working Paper (2004)

2004

  1. Are Daily Cross-Border Equity Flows Pushed or Pulled?
    The Review of Economics and Statistics, 2004, 86, (3), 641-657 Downloads View citations (38)
  2. Firm size and the gains from acquisitions
    Journal of Financial Economics, 2004, 73, (2), 201-228 Downloads View citations (194)
  3. Should We Fear Derivatives?
    Journal of Economic Perspectives, 2004, 18, (3), 173-192 Downloads View citations (12)
    See also Working Paper (2004)
  4. Why are foreign firms listed in the U.S. worth more?
    Journal of Financial Economics, 2004, 71, (2), 205-238 Downloads View citations (218)
    See also Working Paper (2001)

2003

  1. A New Approach to Measuring Financial Contagion
    Review of Financial Studies, 2003, 16, (3), 717-763 Downloads View citations (184)
    See also Working Paper (2000)
  2. Corporate Governance and the Home Bias
    Journal of Financial and Quantitative Analysis, 2003, 38, (01), 87-110 Downloads View citations (117)
    See also Working Paper (2002)
  3. Culture, openness, and finance
    Journal of Financial Economics, 2003, 70, (3), 313-349 Downloads View citations (180)
    See also Working Paper (2001)
  4. Equity-Market Liberalizations as Country IPO's
    American Economic Review, 2003, 93, (2), 97-101 Downloads View citations (25)
    See also Working Paper (2003)

2002

  1. Divestitures and the liquidity of the market for corporate assets
    Journal of Financial Economics, 2002, 64, (1), 117-144 Downloads View citations (67)

2001

  1. CORPORATE CASH HOLDINGS
    Journal of Applied Corporate Finance, 2001, 14, (1), 55-67 Downloads View citations (1)
  2. International Competition and Exchange Rate Shocks: A Cross-Country Industry Analysis of Stock Returns
    Review of Financial Studies, 2001, 14, (1), 215-41 View citations (87)
    See also Working Paper (1997)
  3. MERTON MILLER'S CONTRIBUTIONS TO MODERN FINANCE
    Journal of Applied Corporate Finance, 2001, 13, (4), 8-28 Downloads

2000

  1. Banks, the IMF, and the Asian crisis
    Pacific-Basin Finance Journal, 2000, 8, (2), 177-216 Downloads View citations (24)
    See also Working Paper (1999)
  2. Do Banking Shocks Affect Borrowing Firm Performance? An Analysis of the Japanese Experience
    The Journal of Business, 2000, 73, (1), 1-23 Downloads View citations (90)
  3. Financial Structure, Corporate Finance and Economic Growth
    International Review of Finance, 2000, 1, (1), 11-38 Downloads View citations (8)
  4. Merton Miller and Modern Finance
    Financial Management, 2000, 29, (4) View citations (1)
  5. Report of the Editor for His Tenure and 1999
    Journal of Finance, 2000, 55, (4), 1861-1892 Downloads View citations (1)
  6. U.S. Banks, Crises, and Bailouts: From Mexico to LTCM
    American Economic Review, 2000, 90, (2), 28-31 Downloads View citations (39)
    See also Working Paper (2000)

1999

  1. Do foreign investors destabilize stock markets? The Korean experience in 1997
    Journal of Financial Economics, 1999, 54, (2), 227-264 Downloads View citations (139)
    See also Working Paper (1998)
  2. Erratum from the Editor
    Journal of Finance, 1999, 54, (5), 1929-1929 Downloads
  3. GOLBALIZATION, CORPORATE FINANCE, AND THE COST OF CAPITAL
    Journal of Applied Corporate Finance, 1999, 12, (3), 8-25 Downloads View citations (52)
  4. The Underreaction Hypothesis and the New Issue Puzzle: Evidence from Japan
    Review of Financial Studies, 1999, 12, (3), 519-34 View citations (25)
    See also Working Paper (1996)
  5. The determinants and implications of corporate cash holdings
    Journal of Financial Economics, 1999, 52, (1), 3-46 Downloads View citations (251)
    See also Working Paper (1997)

1998

  1. Are Internal Capital Markets Efficient?
    The Quarterly Journal of Economics, 1998, 113, (2), 531-552 Downloads View citations (151)
  2. Report of the Editor of "The Journal of Finance" for the Year 1997
    Journal of Finance, 1998, 53, (4), 1421-1434 Downloads

1997

  1. Why is there a home bias? An analysis of foreign portfolio equity ownership in Japan
    Journal of Financial Economics, 1997, 46, (1), 3-28 Downloads View citations (269)
    See also Working Paper (1995)

1996

  1. Does the cost of capital differ across countries? An agency perspective
    European Financial Management, 1996, 2, (1), 11-22 Downloads View citations (1)
  2. How Different Is Japanese Corporate Finance? An Investigation of the Information Content of New Security Issues
    Review of Financial Studies, 1996, 9, (1), 109-39 Downloads View citations (59)
    See also Working Paper (1994)
  3. Information, trading and stock returns: Lessons from dually-listed securities
    Journal of Banking & Finance, 1996, 20, (7), 1161-1187 Downloads View citations (21)
    See also Working Paper (1994)
  4. Leverage, investment, and firm growth
    Journal of Financial Economics, 1996, 40, (1), 3-29 Downloads View citations (125)
    See also Working Paper (1995)
  5. RETHINKING RISK MANAGEMENT
    Journal of Applied Corporate Finance, 1996, 9, (3), 8-25 Downloads View citations (117)
  6. Timing, investment opportunities, managerial discretion, and the security issue decision
    Journal of Financial Economics, 1996, 42, (2), 159-185 Downloads View citations (94)
  7. Why Do Markets Move Together? An Investigation of U.S.-Japan Stock Return Comovements
    Journal of Finance, 1996, 51, (3), 951-86 Downloads View citations (93)
    See also Working Paper

1995

  1. An Analysis of the Wealth Effects of Japanese Offshore Dollar-Denominated Convertible and Warrant Bond Issues
    Journal of Financial and Quantitative Analysis, 1995, 30, (02), 257-270 Downloads View citations (12)
  2. Asset sales, firm performance, and the agency costs of managerial discretion
    Journal of Financial Economics, 1995, 37, (1), 3-37 Downloads View citations (82)
    See also Working Paper (1994)
  3. Foreign Equity Investment Restrictions, Capital Flight, and Shareholder Wealth Maximization: Theory and Evidence
    Review of Financial Studies, 1995, 8, (4), 1019-57 Downloads View citations (50)
  4. GLOBALIZATION OF CAPITAL MARKETS AND THE COST OF CAPITAL: THE CASE OF NESTLÉ
    Journal of Applied Corporate Finance, 1995, 8, (3), 30-38 Downloads View citations (11)
  5. The cost of capital in internationally integrated markets: The case of Nestlé
    European Financial Management, 1995, 1, (1), 11-22 Downloads View citations (12)

1994

  1. Tobin's q, Corporate Diversification, and Firm Performance
    Journal of Political Economy, 1994, 102, (6), 1248-80 Downloads View citations (225)
    See also Working Paper (1993)

1993

  1. Contracting Costs, Inflation, and Relative Price Variability
    Journal of Money, Credit and Banking, 1993, 25, (3), 585-601 Downloads View citations (4)
    Also in Proceedings, 1993, 585-611 (1993) View citations (5)

1992

  1. Global financial markets and the risk premium on U.S. equity
    Journal of Financial Economics, 1992, 32, (2), 137-167 Downloads View citations (93)
    See also Working Paper (1992)
  2. Is There a Global Market for Convertible Bonds?
    The Journal of Business, 1992, 65, (1), 75-91 Downloads View citations (13)
  3. Optimal hedging of stock portfolios against foreign exchange risk: theory and applications
    Global Finance Journal, 1992, 3, (2), 97-113 Downloads

1991

  1. A test of the free cash flow hypothesis*1: The case of bidder returns
    Journal of Financial Economics, 1991, 29, (2), 315-335 Downloads View citations (104)

1990

  1. Managerial discretion and optimal financing policies
    Journal of Financial Economics, 1990, 26, (1), 3-27 Downloads View citations (402)
  2. The Distribution of Target Ownership and the Division of Gains in Successful Takeovers
    Journal of Finance, 1990, 45, (3), 817-33 Downloads View citations (55)

1989

  1. Contracts, delivery lags, and currency risks
    Journal of International Money and Finance, 1989, 8, (1), 89-103 Downloads
  2. Managerial performance, Tobin's Q, and the gains from successful tender offers
    Journal of Financial Economics, 1989, 24, (1), 137-154 Downloads View citations (94)
  3. The Pricing of Stock Index Options in a General Equilibrium Model
    Journal of Financial and Quantitative Analysis, 1989, 24, (01), 1-12 Downloads View citations (28)

1988

  1. Capital mobility and the current account
    Journal of International Money and Finance, 1988, 7, (2), 167-180 Downloads View citations (5)
  2. Managerial control of voting rights: Financing policies and the market for corporate control
    Journal of Financial Economics, 1988, 20, (1-2), 25-54 Downloads View citations (351)
  3. The Eurobond market and corporate financial policy: A test of the clientele hypothesis
    Journal of Financial Economics, 1988, 22, (2), 189-205 Downloads View citations (13)

1987

  1. An Equilibrium Model of Exchange Rate Determination and Asset Pricing with Nontraded Goods and Imperfect Information
    Journal of Political Economy, 1987, 95, (5), 1024-40 Downloads View citations (30)
  2. The Pricing of Options with Default Risk
    Journal of Finance, 1987, 42, (2), 267-80 Downloads View citations (27)
  3. Time-varying risk premia, imperfect information and the forward: Exchange rate
    International Journal of Forecasting, 1987, 3, (1), 171-177 Downloads View citations (1)

1986

  1. Asset Pricing and Expected Inflation
    Journal of Finance, 1986, 41, (1), 209-23 Downloads View citations (28)
  2. Capital mobility in the world economy: Theory and measurement A comment
    Carnegie-Rochester Conference Series on Public Policy, 1986, 24, (1), 105-113 Downloads View citations (4)
  3. Interest rates and monetary policy uncertainty
    Journal of Monetary Economics, 1986, 17, (3), 331-347 Downloads View citations (24)
  4. Risk and the economy: a finance perspective
    Proceedings, 1986, 79-124

1985

  1. An analysis of secured debt
    Journal of Financial Economics, 1985, 14, (4), 501-521 Downloads View citations (109)
  2. Editorial data
    Journal of Financial Economics, 1985, 14, (3), 325-325 Downloads
  3. Macroeconomic time-series, business cycles and macroeconomic policies
    Carnegie-Rochester Conference Series on Public Policy, 1985, 22, (1), 9-53 Downloads View citations (4)
  4. The Determinants of Firms' Hedging Policies
    Journal of Financial and Quantitative Analysis, 1985, 20, (04), 391-405 Downloads View citations (251)

1984

  1. Currency Preferences, Purchasing Power Risks, and the Determination of Exchange Rates in an Optimizing Model
    Journal of Money, Credit and Banking, 1984, 16, (3), 302-16 Downloads View citations (12)
  2. Editorial data
    Journal of Financial Economics, 1984, 13, (4), 459-459 Downloads
  3. Optimal Hedging Policies
    Journal of Financial and Quantitative Analysis, 1984, 19, (02), 127-140 Downloads View citations (155)

1983

  1. On the Determinants of Net Foreign Investment
    Journal of Finance, 1983, 38, (2), 459-68 Downloads View citations (2)
  2. The demand for foreign bonds
    Journal of International Economics, 1983, 15, (3-4), 225-238 Downloads View citations (6)

1982

  1. Options on the minimum or the maximum of two risky assets: Analysis and applications
    Journal of Financial Economics, 1982, 10, (2), 161-185 Downloads View citations (59)
  2. The forward exchange rate and macroeconomics
    Journal of International Economics, 1982, 12, (3-4), 285-299 Downloads View citations (6)

1981

  1. On the Effects of Barriers to International Investment
    Journal of Finance, 1981, 36, (4), 923-34 Downloads View citations (136)

Books

2007

  1. The Risks of Financial Institutions
    NBER Books, National Bureau of Economic Research, Inc
    See also Working Paper (2005)

Edited books

2003

  1. Handbook of the Economics of Finance, vol 1, Part 1
    Handbook of the Economics of Finance, Elsevier Downloads View citations (2)
  2. Handbook of the Economics of Finance, vol 1, Part 2
    Handbook of the Economics of Finance, Elsevier Downloads View citations (2)

Chapters

2007

  1. Introduction to "The Risks of Financial Institutions"
    A chapter in The Risks of Financial Institutions, 2007, pp 1-26 Downloads

2003

  1. Are financial assets priced locally or globally?
    Chapter 16 in Handbook of the Economics of Finance, 2003, vol. 1, Part 2, pp 975-1020 Downloads View citations (74)
    See also Working Paper (2002)

1999

  1. The Role of Equity Markets in International Capital Flows
    A chapter in International Capital Flows, 1999, pp 235-306 Downloads View citations (14)

Editor

  1. Handbook of the Economics of Finance
    Elsevier
  2. Handbook of the Economics of Finance
    Elsevier
 
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