Details about Michael Steven Weisbach

Homepage:	http://fisher.osu.edu/fin/faculty/weisbach/
Workplace:	Fisher College of Business, Ohio State University, (more information at EDIRC)

Access statistics for papers by Michael Steven Weisbach.

Last updated 2024-10-08. Update your information in the RePEc Author Service.

Short-id: pwe127

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Working Papers

2024

1. Risk-Adjusting the Returns to Private Debt Funds
   Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2024)

2023

2. Climate Change, Demand Uncertainty, and Firms' Investments: Evidence from Planned Power Plants
   Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics
3. Relationship-Specific Investments and Firms' Boundaries: Evidence from Textual Analysis of Patents
   Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics

2022

4. All Clear for Takeoff: Evidence from Airports on the Effects of Infrastructure Privatization
   Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (1)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2022) View citations (1)
5. Cross-Border Mergers and Acquisitions
   Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (3)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2022) View citations (2)
   See also Chapter Cross-border mergers and acquisitions, Chapters, Edward Elgar Publishing (2024) (2024)

2021

6. Buyouts: A Primer
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2021)
7. Discount Rate Risk in Private Equity: Evidence from Secondary Market Transactions
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2021)
   See also Journal Article Discount‐Rate Risk in Private Equity: Evidence from Secondary Market Transactions, Journal of Finance, American Finance Association (2023) (2023)
8. Risk Perceptions, Board Networks, and Directors' Monitoring
   Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (1)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2021) View citations (1)
9. Specialized Investments and Firms' Boundaries: Evidence from Textual Analysis of Patents
   Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2021)
10. The Cash Flow Sensitivity of Cash: Replication, Extension, and Robustness
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (4)

2020

11. The Corporate Finance of Multinational Firms
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2020) View citations (6)

2019

12. Climate Change, Operating Flexibility and Corporate Investment Decisions
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2019) View citations (3)
13. How Financial Management Affects Institutional Investors’ Portfolio Choices: Evidence from Insurers
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (3)
14. The Role of Financial Conditions in Portfolio Choices: The Case of Insurers
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article The role of financial conditions in portfolio choices: The case of insurers, Journal of Financial Economics, Elsevier (2021) View citations (22) (2021)

2018

15. Private Equity Indices Based on Secondary Market Transactions
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2018) View citations (4)
16. Selecting Directors Using Machine Learning
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (11)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2018) View citations (11)
    See also Journal Article Selecting Directors Using Machine Learning, The Review of Financial Studies, Society for Financial Studies (2021) View citations (21) (2021)
    Chapter Selecting Directors Using Machine Learning, NBER Chapters, National Bureau of Economic Research, Inc (2021) View citations (24) (2021)

2017

17. Assessing Managerial Ability: Implications for Corporate Governance
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (23)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (23)
18. Corporate Liquidity, Acquisitions, and Macroeconomic Conditions
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2017) View citations (3)
    See also Journal Article Corporate Liquidity, Acquisitions, and Macroeconomic Conditions, Journal of Financial and Quantitative Analysis, Cambridge University Press (2021) View citations (6) (2021)
19. Price Risk, Production Flexibility, and Liquidity Management: Evidence from Electricity Generating Firms
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2017)
20. The Economics of PIPEs
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Journal Article The economics of PIPEs, Journal of Financial Intermediation, Elsevier (2021) View citations (11) (2021)

2016

21. How Management Risk Affects Corporate Debt
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2016) View citations (2)
    See also Journal Article How Management Risk Affects Corporate Debt, The Review of Financial Studies, Society for Financial Studies (2018) View citations (14) (2018)
22. Measuring Institutional Investors' Skill from Their Investments in Private Equity
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (1)
23. The Liquidity Cost of Private Equity Investments: Evidence from Secondary Market Transactions
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2016) View citations (4)
    See also Journal Article The liquidity cost of private equity investments: Evidence from secondary market transactions, Journal of Financial Economics, Elsevier (2019) View citations (18) (2019)

2015

24. Management Risk and the Cost of Borrowing
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics

2014

25. Does Uncertainty about Management Affect Firms' Costs of Borrowing?
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (1)
26. Understanding Corporate Governance Through Learning Models of Managerial Competence
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2014) View citations (4)

2013

27. CEO Investment Cycles
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2013) View citations (4)
    See also Journal Article CEO Investment Cycles, The Review of Financial Studies, Society for Financial Studies (2016) View citations (40) (2016)
28. Corporate Liquidity Management: A Conceptual Framework and Survey
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (8)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (11)
    See also Journal Article Corporate Liquidity Management: A Conceptual Framework and Survey, Annual Review of Financial Economics, Annual Reviews (2014) View citations (90) (2014)
29. Do Acquisitions Relieve Target Firms' Financial Constraints?
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (3)
    See also Journal Article Do Acquisitions Relieve Target Firms’ Financial Constraints?, Journal of Finance, American Finance Association (2015) View citations (83) (2015)
30. Indirect Incentives of Hedge Fund Managers
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2013) View citations (7)
    See also Journal Article Indirect Incentives of Hedge Fund Managers, Journal of Finance, American Finance Association (2016) View citations (33) (2016)
31. Learning about CEO Ability and Stock Return Volatility
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (6)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (9)
    See also Journal Article Learning About CEO Ability and Stock Return Volatility, The Review of Financial Studies, Society for Financial Studies (2015) View citations (68) (2015)
32. Limited Partner Performance and the Maturing of the Private Equity Industry
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2013) View citations (4)
    See also Journal Article Limited partner performance and the maturing of the private equity industry, Journal of Financial Economics, Elsevier (2014) View citations (34) (2014)

2012

33. Borrow Cheap, Buy High? The Determinants of Leverage and Pricing in Buyouts
    FMG Discussion Papers, Financial Markets Group View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (13)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2012) View citations (5)
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2010) View citations (12)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2012) View citations (6)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2012) View citations (1)
    See also Journal Article Borrow Cheap, Buy High? The Determinants of Leverage and Pricing in Buyouts, Journal of Finance, American Finance Association (2013) View citations (113) (2013)
34. Equity-Holding Institutional Lenders: Do They Receive Better Terms?
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2012) View citations (2)
35. Financing-Motivated Acquisitions
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2012)
36. Syndicated Loan Spreads and the Composition of the Syndicate
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2012) View citations (3)
    See also Journal Article Syndicated loan spreads and the composition of the syndicate, Journal of Financial Economics, Elsevier (2014) View citations (67) (2014)

2011

37. Did Securitization Affect the Cost of Corporate Debt?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2010) View citations (5)
    See also Journal Article Did securitization affect the cost of corporate debt?, Journal of Financial Economics, Elsevier (2012) View citations (71) (2012)
38. Information Disclosure and Corporate Governance
    SIFR Research Report Series, Institute for Financial Research View citations (2)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2009) View citations (5)
    See also Journal Article Information Disclosure and Corporate Governance, Journal of Finance, American Finance Association (2012) View citations (146) (2012)
39. Macroeconomic Conditions and Capital Raising
    SIFR Research Report Series, Institute for Financial Research View citations (23)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (21)
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2011) View citations (21)
    See also Journal Article Macroeconomic Conditions and Capital Raising, The Review of Financial Studies, Society for Financial Studies (2012) View citations (98) (2012)
40. What Do Boards Really Do? Evidence from Minutes of Board Meetings
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (5)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (5)
41. World Market for Mergers and Acquisitions
    SIFR Research Report Series, Institute for Financial Research
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2009) View citations (8)
    NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (8)

2010

42. Incentives of Private Equity General Partners from Future Fundraising
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (3)
43. Pay for Performance from Future Fund Flows: The Case of Private Equity
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
    Also in SIFR Research Report Series, Institute for Financial Research (2010) View citations (9)
    See also Journal Article Pay for Performance from Future Fund Flows: The Case of Private Equity, The Review of Financial Studies, Society for Financial Studies (2012) View citations (65) (2012)

2009

44. Market Conditions and the Structure of Securities
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (2)
45. The Role of Boards of Directors in Corporate Governance: A Conceptual Framework and Survey
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (12)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (23)
    See also Journal Article The Role of Boards of Directors in Corporate Governance: A Conceptual Framework and Survey, Journal of Economic Literature, American Economic Association (2010) View citations (726) (2010)
46. The State of Corporate Governance Research
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2009) View citations (10)
    See also Chapter The State of Corporate Governance Research, Springer Books, Springer (2012) View citations (5) (2012)
    Journal Article The State of Corporate Governance Research, The Review of Financial Studies, Society for Financial Studies (2010) View citations (124) (2010)

2008

47. Corporate Financial and Investment Policies When Future Financing Is Not Frictionless
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (8)
    See also Journal Article Corporate financial and investment policies when future financing is not frictionless, Journal of Corporate Finance, Elsevier (2011) View citations (126) (2011)
48. Leverage and Pricing in Buyouts: An Empirical Analysis
    Working Papers, University of Pennsylvania, Wharton School, Weiss Center View citations (17)
    Also in OFRC Working Papers Series, Oxford Financial Research Centre (2008) View citations (13)
49. What Determines the Structure of Corporate Debt Issues?
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (7)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (6)
50. Why Are Buyouts Levered? The Financial Structure of Private Equity Funds
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (2)
    Also in SIFR Research Report Series, Institute for Financial Research (2007) View citations (8)
    NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (12)
    See also Journal Article Why Are Buyouts Levered? The Financial Structure of Private Equity Funds, Journal of Finance, American Finance Association (2009) View citations (73) (2009)

2007

51. Transparency and Corporate Governance
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (40)
52. Why are Buyouts Leveraged? The Financial Structure of Private Equity Firms
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (11)

2006

53. A Framework for Assessing Corporate Governance Reform
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
54. Optimal Executive Compensation vs. Managerial Power: A Review of Lucian Bebchuk and Jesse Fried's "Pay without Performance: The Unfulfilled Promise of Executive Compensation"
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)

2005

55. Do Firms Go Public to Raise Capital?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
56. Motivations for Public Equity Offers: An International Perspective
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    See also Journal Article Motivations for public equity offers: An international perspective, Journal of Financial Economics, Elsevier (2008) View citations (221) (2008)

2004

57. Private Benefits and Cross-Listings in the United States
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (76)
    See also Journal Article Private benefits and cross-listings in the United States, Emerging Markets Review, Elsevier (2004) View citations (85) (2004)
58. World Markets for Raising New Capital
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
    See also Journal Article World markets for raising new capital, Journal of Financial Economics, Elsevier (2006) View citations (134) (2006)

2002

59. Corporate Demand for Liquidity
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)
60. Horses and Rabbits? Optimal Dynamic Capital Structure from Shareholder and Manager Perspectives
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
61. Measuring Investment Distortions when Risk-Averse Managers Decide Whether to Undertake Risky Projects
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    See also Journal Article Measuring Investment Distortions when Risk-Averse Managers Decide Whether to Undertake Risky Projects, Financial Management, Financial Management Association (2005) View citations (58) (2005)

2001

62. Boards of Directors as an Endogenously Determined Institution: A Survey of the Economic Literature
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (139)
    See also Journal Article Boards of directors as an endogenously determined institution: a survey of the economic literature, Economic Policy Review, Federal Reserve Bank of New York (2003) View citations (854) (2003)
63. Hospital Governance, Performance Objectives, and Organizational Form
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
64. Protection of Minority Shareholder Interests, Cross-listings in the United States, and Subsequent Equity Offerings
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (59)
    See also Journal Article Protection of minority shareholder interests, cross-listings in the United States, and subsequent equity offerings, Journal of Financial Economics, Elsevier (2002) View citations (333) (2002)
65. The Economics of Has-Beens
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    See also Journal Article The Economics of Has-beens, Journal of Political Economy, University of Chicago Press (2004) View citations (20) (2004)

1996

66. Endogenously Chosen Boards of Directors and Their Monitoring of the CEO
    Microeconomics, University Library of Munich, Germany View citations (4)
    Also in Working Papers, University of California at Berkeley, Haas School of Business (1996) View citations (21)
    See also Journal Article Endogenously Chosen Boards of Directors and Their Monitoring of the CEO, American Economic Review, American Economic Association (1998) View citations (849) (1998)

1992

67. Corporate Governance and Hostile Takeover
    Working Papers, Rochester, Business - Financial Research and Policy Studies View citations (1)
    See also Journal Article Corporate governance and hostile takeovers, Journal of Accounting and Economics, Elsevier (1993) View citations (21) (1993)

1991

68. Incentives of Divisional Managers: Evidence from Texax Banks
    Working Papers, Rochester, Business - Managerial Economics Research Center

1990

69. The Success of Acquisitions: Evidence From Disvestitures
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    See also Journal Article The Success of Acquisitions: Evidence from Divestitures, Journal of Finance, American Finance Association (1992) View citations (230) (1992)

1988

70. THE ECONOMIC EFFECTS OF FRANCHISE TERMINATION LAWS
    Working Papers, Rochester, Business - Managerial Economics Research Center
    See also Journal Article The Economic Effects of Franchise Termination Laws, Journal of Law and Economics, University of Chicago Press (1991) View citations (44) (1991)

Journal Articles

2023

1. Discount‐Rate Risk in Private Equity: Evidence from Secondary Market Transactions
   Journal of Finance, 2023, 78, (2), 835-885
   See also Working Paper Discount Rate Risk in Private Equity: Evidence from Secondary Market Transactions, NBER Working Papers (2021) (2021)

2021

2. Corporate Liquidity, Acquisitions, and Macroeconomic Conditions
   Journal of Financial and Quantitative Analysis, 2021, 56, (2), 443-474 View citations (6)
   See also Working Paper Corporate Liquidity, Acquisitions, and Macroeconomic Conditions, NBER Working Papers (2017) View citations (3) (2017)
3. Selecting Directors Using Machine Learning
   (The role of boards of directors in corporate governance: A conceptual framework and survey)
   The Review of Financial Studies, 2021, 34, (7), 3226-3264 View citations (21)
   See also Working Paper Selecting Directors Using Machine Learning, Working Paper Series (2018) View citations (11) (2018)
   Chapter Selecting Directors Using Machine Learning, NBER Chapters, 2021, 3226-3264 (2021) View citations (24) (2021)
4. The economics of PIPEs
   Journal of Financial Intermediation, 2021, 45, (C) View citations (11)
   See also Working Paper The Economics of PIPEs, NBER Working Papers (2017) View citations (1) (2017)
5. The role of financial conditions in portfolio choices: The case of insurers
   Journal of Financial Economics, 2021, 142, (2), 803-830 View citations (22)
   See also Working Paper The Role of Financial Conditions in Portfolio Choices: The Case of Insurers, NBER Working Papers (2019) (2019)

2019

6. Measuring Institutional Investors’ Skill at Making Private Equity Investments
   Journal of Finance, 2019, 74, (6), 3089-3134 View citations (9)
7. The liquidity cost of private equity investments: Evidence from secondary market transactions
   Journal of Financial Economics, 2019, 132, (3), 158-181 View citations (18)
   See also Working Paper The Liquidity Cost of Private Equity Investments: Evidence from Secondary Market Transactions, NBER Working Papers (2016) View citations (4) (2016)

2018

8. How Management Risk Affects Corporate Debt
   The Review of Financial Studies, 2018, 31, (9), 3491-3531 View citations (14)
   See also Working Paper How Management Risk Affects Corporate Debt, NBER Working Papers (2016) View citations (2) (2016)

2016

9. CEO Investment Cycles
   The Review of Financial Studies, 2016, 29, (11), 2955-2999 View citations (40)
   See also Working Paper CEO Investment Cycles, NBER Working Papers (2013) View citations (4) (2013)
10. Indirect Incentives of Hedge Fund Managers
    Journal of Finance, 2016, 71, (2), 871-918 View citations (33)
    See also Working Paper Indirect Incentives of Hedge Fund Managers, NBER Working Papers (2013) View citations (7) (2013)

2015

11. Do Acquisitions Relieve Target Firms’ Financial Constraints?
    Journal of Finance, 2015, 70, (1), 289-328 View citations (83)
    See also Working Paper Do Acquisitions Relieve Target Firms' Financial Constraints?, Working Paper Series (2013) View citations (3) (2013)
12. Learning About CEO Ability and Stock Return Volatility
    The Review of Financial Studies, 2015, 28, (6), 1623-1666 View citations (68)
    See also Working Paper Learning about CEO Ability and Stock Return Volatility, Working Paper Series (2013) View citations (6) (2013)

2014

13. Corporate Liquidity Management: A Conceptual Framework and Survey
    Annual Review of Financial Economics, 2014, 6, (1), 135-162 View citations (90)
    See also Working Paper Corporate Liquidity Management: A Conceptual Framework and Survey, Working Paper Series (2013) View citations (8) (2013)
14. Limited partner performance and the maturing of the private equity industry
    Journal of Financial Economics, 2014, 112, (3), 320-343 View citations (34)
    See also Working Paper Limited Partner Performance and the Maturing of the Private Equity Industry, NBER Working Papers (2013) View citations (4) (2013)
15. Syndicated loan spreads and the composition of the syndicate
    Journal of Financial Economics, 2014, 111, (1), 45-69 View citations (67)
    See also Working Paper Syndicated Loan Spreads and the Composition of the Syndicate, NBER Working Papers (2012) View citations (3) (2012)

2013

16. Borrow Cheap, Buy High? The Determinants of Leverage and Pricing in Buyouts
    Journal of Finance, 2013, 68, (6), 2223-2267 View citations (113)
    See also Working Paper Borrow Cheap, Buy High? The Determinants of Leverage and Pricing in Buyouts, FMG Discussion Papers (2012) View citations (2) (2012)
17. What do boards really do? Evidence from minutes of board meetings☆☆Miriam Schwartz-Ziv is from Harvard University and Northeastern University, e-mail: miriam.schwartz@mail.huji.ac.il. Michael S. Weisbach is from Ohio State University, NBER, and SIFR, e-mail: weisbach@fisher.osu.edu. Miriam Schwartz-Ziv is very grateful to Eugene Kandel and Michael Weisbach, the co-advisors of her Hebrew University doctoral dissertation, upon which this paper is based. We thank the executive and non-executive employees of the Government Companies Authority of Israel who allowed us both formally and practically to conduct this research; the companies studied that kindly provided us with private and sensitive data; and seminar participants at Babson University, Brown University, Northeastern University, Ohio State University, Purdue University, the European Financial Management Association 2011 conference, the Western Economic Association 2012 conference, and the Financial Management Association 2012 conference, as well as the following people who shared their thoughts and advice at different stages of the preparation of this paper: Renée Adams, Amir Barnea, Steven Davidoff, Ada Demb, Dave Denis, Alon Eizenberg, Isil Erel, Rudi Fahlenbrach, Julian Franks, Ann Gillette, Ilan Guttman, Assaf Hamdani, Randal Heron, E. Han Kim, Stephanie Kramer, Saul Lach, Alexander Ljungqvist, Udi Nisan, Nadya Malenko, Avri Ravid, Artur Raviv, Karen Selody, Daniel Schwartz, Schraga Schwartz, Eytan Sheshinski, Léa Stern, Yuhai Xuan, Jun Yang, Scott Yonker, Tammar Zilber, and Clifford Smith, the referee, Miriam Schwartz-Ziv also thanks the Israeli Ministry of Science and Technology and Hebrew University's School of Business Administration for financial support
    Journal of Financial Economics, 2013, 108, (2), 349-366 View citations (1)

2012

18. Determinants of Cross‐Border Mergers and Acquisitions
    Journal of Finance, 2012, 67, (3), 1045-1082 View citations (50)
19. Did securitization affect the cost of corporate debt?
    Journal of Financial Economics, 2012, 105, (2), 332-352 View citations (71)
    See also Working Paper Did Securitization Affect the Cost of Corporate Debt?, NBER Working Papers (2011) View citations (5) (2011)
20. Information Disclosure and Corporate Governance
    Journal of Finance, 2012, 67, (1), 195-234 View citations (146)
    See also Working Paper Information Disclosure and Corporate Governance, SIFR Research Report Series (2011) View citations (2) (2011)
21. Macroeconomic Conditions and Capital Raising
    The Review of Financial Studies, 2012, 25, (2), 341-376 View citations (98)
    See also Working Paper Macroeconomic Conditions and Capital Raising, SIFR Research Report Series (2011) View citations (23) (2011)
22. Pay for Performance from Future Fund Flows: The Case of Private Equity
    The Review of Financial Studies, 2012, 25, (11), 3259-3304 View citations (65)
    See also Working Paper Pay for Performance from Future Fund Flows: The Case of Private Equity, NBER Working Papers (2010) View citations (10) (2010)

2011

23. Corporate financial and investment policies when future financing is not frictionless
    Journal of Corporate Finance, 2011, 17, (3), 675-693 View citations (126)
    See also Working Paper Corporate Financial and Investment Policies When Future Financing Is Not Frictionless, Working Paper Series (2008) View citations (3) (2008)

2010

24. The Role of Boards of Directors in Corporate Governance: A Conceptual Framework and Survey
    Journal of Economic Literature, 2010, 48, (1), 58-107 View citations (726)
    See also Working Paper The Role of Boards of Directors in Corporate Governance: A Conceptual Framework and Survey, Working Paper Series (2009) View citations (12) (2009)
25. The State of Corporate Governance Research
    The Review of Financial Studies, 2010, 23, (3), 939-961 View citations (124)
    See also Chapter The State of Corporate Governance Research, Springer Books, 2012, 325-346 (2012) View citations (5) (2012)
    Working Paper The State of Corporate Governance Research, NBER Working Papers (2009) View citations (10) (2009)

2009

26. Why Are Buyouts Levered? The Financial Structure of Private Equity Funds
    Journal of Finance, 2009, 64, (4), 1549-1582 View citations (73)
    See also Working Paper Why Are Buyouts Levered? The Financial Structure of Private Equity Funds, Working Paper Series (2008) View citations (2) (2008)

2008

27. Motivations for public equity offers: An international perspective
    Journal of Financial Economics, 2008, 87, (2), 281-307 View citations (221)
    See also Working Paper Motivations for Public Equity Offers: An International Perspective, NBER Working Papers (2005) View citations (2) (2005)

2007

28. Optimal Executive Compensation versus Managerial Power: A Review of Lucian Bebchuk and Jesse Fried's Pay without Performance: The Unfulfilled Promise of Executive Compensation
    Journal of Economic Literature, 2007, 45, (2), 419-428 View citations (39)

2006

29. World markets for raising new capital
    Journal of Financial Economics, 2006, 82, (1), 63-101 View citations (134)
    See also Working Paper World Markets for Raising New Capital, NBER Working Papers (2004) View citations (8) (2004)

2005

30. Horses and Rabbits? Trade-Off Theory and Optimal Capital Structure
    Journal of Financial and Quantitative Analysis, 2005, 40, (2), 259-281 View citations (32)
31. Measuring Investment Distortions when Risk-Averse Managers Decide Whether to Undertake Risky Projects
    Financial Management, 2005, 34, (1) View citations (58)
    See also Working Paper Measuring Investment Distortions when Risk-Averse Managers Decide Whether to Undertake Risky Projects, NBER Working Papers (2002) View citations (9) (2002)

2004

32. Governance, performance objectives and organizational form: evidence from hospitals
    Journal of Corporate Finance, 2004, 10, (4), 527-548 View citations (46)
33. Private benefits and cross-listings in the United States
    Emerging Markets Review, 2004, 5, (2), 217-240 View citations (85)
    See also Working Paper Private Benefits and Cross-Listings in the United States, NBER Working Papers (2004) View citations (76) (2004)
34. The Economics of Has-beens
    Journal of Political Economy, 2004, 112, (S1), S289-S310 View citations (20)
    See also Working Paper The Economics of Has-Beens, NBER Working Papers (2001) View citations (9) (2001)

2003

35. Boards of directors as an endogenously determined institution: a survey of the economic literature
    Economic Policy Review, 2003, 9, (Apr), 7-26 View citations (854)
    See also Working Paper Boards of Directors as an Endogenously Determined Institution: A Survey of the Economic Literature, NBER Working Papers (2001) View citations (139) (2001)

2002

36. Protection of minority shareholder interests, cross-listings in the United States, and subsequent equity offerings
    Journal of Financial Economics, 2002, 66, (1), 65-104 View citations (333)
    See also Working Paper Protection of Minority Shareholder Interests, Cross-listings in the United States, and Subsequent Equity Offerings, NBER Working Papers (2001) View citations (59) (2001)

2000

37. Financial flexibility and the choice between dividends and stock repurchases
    Journal of Financial Economics, 2000, 57, (3), 355-384 View citations (351)

1999

38. Measuring investment distortions arising from stockholder-bondholder conflicts
    Journal of Financial Economics, 1999, 53, (1), 3-42 View citations (119)

1998

39. Endogenously Chosen Boards of Directors and Their Monitoring of the CEO
    American Economic Review, 1998, 88, (1), 96-118 View citations (849)
    See also Working Paper Endogenously Chosen Boards of Directors and Their Monitoring of the CEO, Microeconomics (1996) View citations (4) (1996)
40. Open-end mutual funds and capital-gains taxes
    Journal of Financial Economics, 1998, 49, (1), 3-43 View citations (42)

1995

41. CEO turnover and the firm's investment decisions
    Journal of Financial Economics, 1995, 37, (2), 159-188 View citations (67)

1993

42. Corporate governance and hostile takeovers
    Journal of Accounting and Economics, 1993, 16, (1-3), 199-208 View citations (21)
    See also Working Paper Corporate Governance and Hostile Takeover, Working Papers (1992) View citations (1) (1992)

1992

43. The Success of Acquisitions: Evidence from Divestitures
    Journal of Finance, 1992, 47, (1), 107-38 View citations (230)
    See also Working Paper The Success of Acquisitions: Evidence From Disvestitures, NBER Working Papers (1990) View citations (3) (1990)

1991

44. An Agency Perspective on Franchising
    Financial Management, 1991, 20, (1) View citations (59)
45. The Economic Effects of Franchise Termination Laws
    Journal of Law and Economics, 1991, 34, (1), 101-32 View citations (44)
    See also Working Paper THE ECONOMIC EFFECTS OF FRANCHISE TERMINATION LAWS, Working Papers (1988) (1988)
46. The Effects of Board Composition and Direct Incentives on Firm Performance
    Financial Management, 1991, 20, (4) View citations (550)

1990

47. Reversions of Excess Pension Assets after Takeovers
    RAND Journal of Economics, 1990, 21, (4), 600-613 View citations (36)

1988

48. Outside directors and CEO turnover
    Journal of Financial Economics, 1988, 20, (1-2), 431-460 View citations (1194)
49. The Determinants of Board Composition
    RAND Journal of Economics, 1988, 19, (4), 589-606 View citations (357)

Books

2010

1. Corporate Governance
   NBER Books, National Bureau of Economic Research, Inc View citations (13)

Chapters

2024

1. Cross-border mergers and acquisitions
   Chapter 9 in Handbook of Corporate Finance, 2024, pp 345-376
   See also Working Paper Cross-Border Mergers and Acquisitions, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2022) View citations (3) (2022)

2021

2. Selecting Directors Using Machine Learning
   A chapter in Big Data: Long-Term Implications for Financial Markets and Firms, 2021, pp 3226-3264 View citations (24)
   See also Working Paper Selecting Directors Using Machine Learning, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2018) View citations (11) (2018)
   Journal Article Selecting Directors Using Machine Learning, Society for Financial Studies (2021) View citations (21) (2021)

2012

3. The State of Corporate Governance Research
   Springer View citations (5)
   Also in A chapter in Corporate Governance, 2010 (2010) View citations (126)
   See also Working Paper The State of Corporate Governance Research, National Bureau of Economic Research, Inc (2009) View citations (10) (2009)
   Journal Article The State of Corporate Governance Research, Society for Financial Studies (2010) View citations (124) (2010)