Details about Jeremy Stein

E-mail:
Homepage:	http://post.economics.harvard.edu/faculty/stein/stein.html
Workplace:	Department of Economics, Harvard University, (more information at EDIRC) National Bureau of Economic Research (NBER), (more information at EDIRC)

Access statistics for papers by Jeremy Stein.

Last updated 2007-09-08. Update your information in the RePEc Author Service.

Short-id: pst43

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Working Papers

2008

1. A Gap-Filling Theory of Corporate Debt Maturity Choice
   NBER Working Papers, National Bureau of Economic Research, Inc
2. Do Hedge Funds Profit From Mutual-Fund Distress?
   NBER Working Papers, National Bureau of Economic Research, Inc

2007

3. Conversations Among Competitors
   NBER Working Papers, National Bureau of Economic Research, Inc

2005

4. Academic Freedom, Private-Sector Focus, and the Process of Innovation
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
5. Investor Sentiment and Corporate Finance: Micro and Macro
   NBER Working Papers, National Bureau of Economic Research, Inc
6. The Only Game in Town: Stock-Price Consequences of Local Bias
   NBER Working Papers, National Bureau of Economic Research, Inc View citations

2004

7. Aggregate Short Interest and Market Valuations
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
8. Corporate Financing Decisions When Investors Take the Path of Least Resistance
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
9. Growth vs. Margins: Destabilizing Consequences of Giving the Stock Market What it Wants
   NBER Working Papers, National Bureau of Economic Research, Inc
10. Why Are Most Funds Open-End? Competition and the Limits of Arbitrage
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

2003

11. Simple Forecasts and Paradigm Shifts
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
12. The Neighbor's Portfolio: Word-of-Mouth Effects in the Holdings and Trade of Money Managers
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

2002

13. Does Function Follow Organizational Form? Evidence From the Lending Practices of Large and Small Banks
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Financial Economics (2005)
14. Market Liquidity as a Sentiment Indicator
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Financial Markets (2004)
15. 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

2001

16. Agency, Information and Corporate Investment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Chapter (2003)
17. Breadth of Ownership and Stock Returns
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Financial Economics (2002)
18. Social Interaction and Stock-Market Participation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

2000

19. Forecasting Crashes: Trading Volume, Past Returns and Conditional Skewness in Stock Prices
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Financial Economics (2001)
20. Information Production and Capital Allocation: Decentralized vs. Hierarchical Firms
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

1999

21. Banks as Liquidity Providers: An Explanation for the Co-Existence of Lending and Deposit-Taking
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
22. Differences of Opinion, Rational Arbitrage and Market Crashes
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

1998

23. Bad News Travels Slowly: Size, Analyst Coverage and the Profitability of Momentum Strategies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

1997

24. A Unified Theory of Underreaction, Momentum Trading and Overreaction in Asset Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
25. Leverage and House-Price Dynamics in U.S. Cities
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in RAND Journal of Economics (1999)
26. The Dark Side of Internal Capital Markets: Divisional Rent-Seeking and Inefficient Investment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
27. What Do a Million Banks Have to Say About the Transmission of Monetary Policy?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

1996

28. Rational Capital Budgeting in an Irrational World
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Business (1996)
29. Risk Management, Capital Budgeting and Capital Structure Policy for Financial Institutions: An Integrated Approach
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1996)
    See also Journal Article in Journal of Financial Economics (1998)

1995

30. An Adverse Selection Model of Bank Asset and Liability Management with Implications for the Transmission of Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in RAND Journal of Economics (1998)
31. Internal Capital Markets and the Competition for Corporate Resources
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Finance (1997)

1994

32. Internal versus External Capital Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in The Quarterly Journal of Economics (1994)
33. The Impact of Monetary Policy on Bank Balance Sheets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1995)
34. Waves of Creative Destruction: Customer Bases and the Dynamics of Innovation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

1993

35. Monetary Policy and Bank Lending
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Chapter (1994)
36. Prices and Trading Volume in the Housing Market: A Model with Downpayment Effects
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in The Quarterly Journal of Economics (1995)
37. The Evolution of Buyout Pricing and Financial Structure
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

1992

38. Convertible Bonds as "Back Door" Equity Financing
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Financial Economics (1992)
39. Credit Conditions and the Cyclical Behavior of Inventories: A Case Studyof the 1981-82 Recession
    NBER Working Papers, National Bureau of Economic Research, Inc
40. Exchange Rates and Foreign Direct Investment: An Imperfect Capital Markets Approach
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in The Quarterly Journal of Economics (1991)
41. Monetary Policy and Credit Conditions: Evidence From the Composition of External Finance
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in American Economic Review (1993)
42. Risk Management: Coordinating Corporate Investment and Financing Policies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Finance (1993)

1991

43. How Risky is the Debt in Highly Leveraged Transactions? Evidence from Public Recapitalizations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
44. Shareholder Trading Practices and Corporate Investment Horizons
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

1990

45. Herd on the Street: Informational Inefficiencies in a Market with Short-Term Speculation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Finance (1992)
46. LDC Debt: Forgiveness, Indexation, and Investment Incentives
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Finance (1989)

1988

47. Herd behavior and investment
    Working papers, Massachusetts Institute of Technology (MIT), Sloan School of Management View citations
    See also Journal Article in American Economic Review (1990)

Journal Articles

2005

1. Does function follow organizational form? Evidence from the lending practices of large and small banks
   Journal of Financial Economics, 2005, 76, (2), 237-269 View citations
   See also Working Paper (2002)

2004

2. Market liquidity as a sentiment indicator
   Journal of Financial Markets, 2004, 7, (3), 271-299 View citations
   See also Working Paper (2002)

2002

3. Breadth of ownership and stock returns
   Journal of Financial Economics, 2002, 66, (2-3), 171-205 View citations
   See also Working Paper (2001)

2001

4. Forecasting crashes: trading volume, past returns, and conditional skewness in stock prices
   Journal of Financial Economics, 2001, 61, (3), 345-381 View citations
   See also Working Paper (2000)

1999

5. Leverage and House-Price Dynamics in U.S. Cities
   RAND Journal of Economics, 1999, 30, (3), 498-514 View citations
   See also Working Paper (1997)

1998

6. An Adverse-Selection Model of Bank Asset and Liability Management with Implications for the Transmission of Monetary Policy
   RAND Journal of Economics, 1998, 29, (3), 466-486 View citations
   See also Working Paper (1995)
7. Risk management, capital budgeting, and capital structure policy for financial institutions: an integrated approach
   Journal of Financial Economics, 1998, 47, (1), 55-82 View citations
   See also Working Paper (1996)

1997

8. Internal Capital Markets and the Competition for Corporate Resources
   Journal of Finance, 1997, 52, (1), 111-33 View citations
   See also Working Paper (1995)
9. Waves of Creative Destruction: Firm-Specific Learning-by-Doing and the Dynamics of Innovation
   Review of Economic Studies, 1997, 64, (2), 265-88 View citations

1996

10. Monetary Policy and Credit Conditions: Evidence from the Composition of External Finance: Reply
    American Economic Review, 1996, 86, (1), 310-14 View citations
11. Rational Capital Budgeting in an Irrational World
    Journal of Business, 1996, 69, (4), 429-55 View citations
    See also Working Paper (1996)

1995

12. Prices and Trading Volume in the Housing Market: A Model with Down-Payment Effects
    The Quarterly Journal of Economics, 1995, 110, (2), 379-406 View citations
    See also Working Paper (1993)
13. The impact of monetary policy on bank balance sheets
    Carnegie-Rochester Conference Series on Public Policy, 1995, 42, (1), 151-195 View citations
    See also Working Paper (1994)

1994

14. Credit Conditions and the Cyclical Behavior of Inventories
    The Quarterly Journal of Economics, 1994, 109, (3), 565-92 View citations
15. Internal versus External Capital Markets
    The Quarterly Journal of Economics, 1994, 109, (4), 1211-30 View citations
    See also Working Paper (1994)

1993

16. Monetary Policy and Credit Conditions: Evidence from the Composition of External Finance
    American Economic Review, 1993, 83, (1), 78-98 View citations
    See also Working Paper (1992)
17. Risk Management: Coordinating Corporate Investment and Financing Policies
    Journal of Finance, 1993, 48, (5), 1629-58 View citations
    See also Working Paper (1992)
18. The Evolution of Buyout Pricing and Financial Structure in the 1980s
    The Quarterly Journal of Economics, 1993, 108, (2), 313-57 View citations

1992

19. Convertible bonds as backdoor equity financing
    Journal of Financial Economics, 1992, 32, (1), 3-21 View citations
    See also Working Paper (1992)
20. Herd on the Street: Informational Inefficiencies in a Market with Short-Term Speculation
    Journal of Finance, 1992, 47, (4), 1461-84 View citations
    See also Working Paper (1990)

1991

21. Exchange Rates and Foreign Direct Investment: An Imperfect Capital Markets Approach
    The Quarterly Journal of Economics, 1991, 106, (4), 1191-217 View citations
    See also Working Paper (1992)
22. Stock Price Distributions with Stochastic Volatility: An Analytic Approach
    Review of Financial Studies, 1991, 4, (4), 727-52 View citations
23. Transactional Risk, Market Crashes, and the Role of Circuit Breakers
    Journal of Business, 1991, 64, (4), 443-62 View citations

1990

24. Herd Behavior and Investment
    American Economic Review, 1990, 80, (3), 465-79 View citations
    See also Working Paper (1988)
25. How risky is the debt in highly leveraged transactions?
    Journal of Financial Economics, 1990, 27, (1), 215-245 View citations

1989

26. Cheap Talk and the Fed: A Theory of Imprecise Policy Announcements
    American Economic Review, 1989, 79, (1), 32-42 View citations
27. Efficient Capital Markets, Inefficient Firms: A Model of Myopic Corporate Behavior
    The Quarterly Journal of Economics, 1989, 104, (4), 655-69 View citations
28. LDC Debt: Forgiveness, Indexation, and Investment Incentives
    Journal of Finance, 1989, 44, (5), 1335-50 View citations
    See also Working Paper (1990)
29. Overreactions in the Options Market
    Journal of Finance, 1989, 44, (4), 1011-23 View citations

1988

30. Employee opportunism and redundancy in firms
    Journal of Economic Behavior & Organization, 1988, 10, (4), 401-414 View citations
31. Takeover Threats and Managerial Myopia
    Journal of Political Economy, 1988, 96, (1), 61-80 View citations
32. The Task Force Report: The Reasoning behind the Recommendations
    Journal of Economic Perspectives, 1988, 2, (3), 3-23 View citations

1987

33. Informational Externalities and Welfare-Reducing Speculation
    Journal of Political Economy, 1987, 95, (6), 1123-45 View citations

Chapters

2003

1. Agency, information and corporate investment
   Chapter 02 in Handbook of the Economics of Finance, 2003, vol. 1, Part 1, pp 111-165 View citations
   See also Working Paper (2001)

1994

2. Monetary Policy and Bank Lending
   A chapter in Monetary Policy, 1994, pp 221-261 View citations
   See also Working Paper (1993)