Details about Ivo Welch

Access statistics for papers by Ivo Welch.

Last updated 2009-09-03. Update your information in the RePEc Author Service.

Short-id: pwe95

Working Papers

2005

1. Information Cascades and Observational Learning
   Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics

2004

2. A Comprehensive Look at the Empirical Performance of Equity Premium Prediction
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
   See also Journal Article in Review of Financial Studies (2008)
3. Investor Sentiment Measures
   NBER Working Papers, National Bureau of Economic Research, Inc View citations

2003

4. Liquidity and Financial Market Runs
   Yale School of Management Working Papers, Yale School of Management
   See also Journal Article in The Quarterly Journal of Economics (2004)
5. Who Should Pay for Bankruptcy Costs?
   Yale School of Management Working Papers, Yale School of Management View citations
   See also Journal Article in Journal of Legal Studies (2005)

2002

6. A Review of IPO Activity, Pricing and Allocations
   Yale School of Management Working Papers, Yale School of Management View citations
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations
   See also Journal Article in Journal of Finance (2002)
7. Capital Structure and Stock Returns
   Yale School of Management Working Papers, Yale School of Management
   See also Journal Article in Journal of Political Economy (2004)
8. Columbus' Egg: The Real Determinant of Capital Structure
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
9. Financial Market Runs
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
   Also in University of California at Los Angeles, Anderson Graduate School of Management, Anderson Graduate School of Management, UCLA (2002) View citations
10. Predicting the Equity Premium With Dividend Ratios
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
11. Sharpening Sharpe Ratios
    Yale School of Management Working Papers, Yale School of Management View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations
    Yale School of Management Working Papers, Yale School of Management (2002) View citations
12. The Optimal Concentration of Creditors
    Cowles Foundation Discussion Papers, Cowles Foundation, Yale University View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2001) View citations
    Yale School of Management Working Papers, Yale School of Management (2001)
    See also Journal Article in Journal of Finance (2005)

2001

13. An Economic Approach to the Psychology of Change: Amnesia, Inertia, and Impulsiveness
    Cowles Foundation Discussion Papers, Cowles Foundation, Yale University
    Also in Yale School of Management Working Papers, Yale School of Management (2001) View citations
    See also Journal Article in Journal of Economics & Management Strategy (2002)
14. On the Evolution of Overconfidence and Entrepreneurs
    Cowles Foundation Discussion Papers, Cowles Foundation, Yale University View citations
    Also in Yale School of Management Working Papers, Yale School of Management (2001) View citations
    University of California at Los Angeles, Anderson Graduate School of Management, Anderson Graduate School of Management, UCLA (1997) View citations
    See also Journal Article in Journal of Economics & Management Strategy (2001)
15. The Equity Premium Consensus Forecast Revisited
    Cowles Foundation Discussion Papers, Cowles Foundation, Yale University View citations
16. The Top Achievements, Challenges, and Failures of Finance
    Yale School of Management Working Papers, Yale School of Management

2000

17. Views of Financial Economists on the Equity Premium and on Professional Controversies
    Yale School of Management Working Papers, Yale School of Management View citations
    See also Journal Article in Journal of Business (2000)

1999

18. A Theory of Legal Presumptions
    Yale School of Management Working Papers, Yale School of Management View citations
    See also Journal Article in Journal of Law, Economics and Organization (2000)

1998

19. A Theory of Dividends Based on Tax Clienteles
    Yale School of Management Working Papers, Yale School of Management View citations
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations
    See also Journal Article in Journal of Finance (2000)
20. Asymmetry and Power: Can Ethnic Dominance Minimize Conflict?
    University of California at Los Angeles, Anderson Graduate School of Management, Anderson Graduate School of Management, UCLA

1996

21. The Effect Of Socially Activist Investment Policies On The Financial Markets: Evidence From The South African Boycott
    Yale School of Management Working Papers, Yale School of Management
    Also in Finance, University of California at Los Angeles (1995)
    See also Journal Article in Journal of Business (1999)

1995

22. Earnings Management and The Post-Issue Underperformance in Seasoned Equity Offerings
    Finance, University of California at Los Angeles View citations
23. Why is Bankdebt Senior? A Theory of Priority Among Creditors
    Finance, University of California at Los Angeles View citations

1994

24. The Cross-sectional Determinants of Corporate Capital Expenditures: A Multinational Comparison
    Finance, University of California at Los Angeles View citations
    See also Journal Article in Schmalenbach Business Review (sbr) (2000)

1990

25. BONDHOLDER LOSSES IN LEVERAGED BUYOUTS
    Working Papers, Columbia - Graduate School of Business
    See also Journal Article in Review of Financial Studies (1993)

Undated

26. Institutional Memory, Inertia and Impulsiveness
    Finance, University of California at Los Angeles View citations

Journal Articles

2008

1. A Comprehensive Look at The Empirical Performance of Equity Premium Prediction
   Review of Financial Studies, 2008, 21, (4), 1455-1508 View citations
   See also Working Paper (2004)

2007

2. Portfolio Performance Manipulation and Manipulation-proof Performance Measures
   Review of Financial Studies, 2007, 20, (5), 1503-1546 View citations

2006

3. The Costs of Bankruptcy: Chapter 7 Liquidation versus Chapter 11 Reorganization
   Journal of Finance, 2006, 61, (3), 1253-1303 View citations

2005

4. The Optimal Concentration of Creditors
   Journal of Finance, 2005, 60, (5), 2193-2212 View citations
   See also Working Paper (2002)
5. Who Should Pay for Bankruptcy Costs?
   Journal of Legal Studies, 2005, 34, 295-341
   See also Working Paper (2003)

2004

6. Capital Structure and Stock Returns
   Journal of Political Economy, 2004, 112, (1), 106-131 View citations
   See also Working Paper (2002)
7. Liquidity and Financial Market Runs
   The Quarterly Journal of Economics, 2004, 119, (1), 135-158 View citations
   See also Working Paper (2003)

2002

8. A Review of IPO Activity, Pricing, and Allocations
   Journal of Finance, 2002, 57, (4), 1795-1828 View citations
   See also Working Paper (2002)
9. An Economic Approach to the Psychology of Change: Amnesia, Inertia, and Impulsiveness
   Journal of Economics & Management Strategy, 2002, 11, (3), 379-421 View citations
   See also Working Paper (2001)

2001

10. On the Evolution of Overconfidence and Entrepreneurs
    Journal of Economics & Management Strategy, 2001, 10, (3), 301-330 View citations
    See also Working Paper (2001)

2000

11. A Theory of Dividends Based on Tax Clienteles
    Journal of Finance, 2000, 55, (6), 2499-2536 View citations
    See also Working Paper (1998)
12. A Theory of Legal Presumptions
    Journal of Law, Economics and Organization, 2000, 16, (1), 1-49 View citations
    See also Working Paper (1999)
13. Herding among security analysts
    Journal of Financial Economics, 2000, 58, (3), 369-396 View citations
14. The Cross-Sectional Determinants Of Corporate Capital Expenditures: A Multinational Comparison
    Schmalenbach Business Review (sbr), 2000, 52, (2), 103-136
    See also Working Paper (1994)
15. Views of Financial Economists on the Equity Premium and on Professional Controversies
    Journal of Business, 2000, 73, (4), 501-37 View citations
    See also Working Paper (2000)

1999

16. The Effect of Socially Activist Investment Policies on the Financial Markets: Evidence from the South African Boycott
    Journal of Business, 1999, 72, (1), 35-89 View citations
    See also Working Paper (1996)

1998

17. Earnings Management and the Long-Run Market Performance of Initial Public Offerings
    Journal of Finance, 1998, 53, (6), 1935-1974 View citations
18. Earnings management and the underperformance of seasoned equity offerings1
    Journal of Financial Economics, 1998, 50, (1), 63-99 View citations
19. Learning from the Behavior of Others: Conformity, Fads, and Informational Cascades
    Journal of Economic Perspectives, 1998, 12, (3), 151-70 View citations

1997

20. How Firms Make Capital Expenditure Decisions: Financial Signals, Internal Cash Flows, Income Taxes and the Tax Reform Act of 1986
    Review of Quantitative Finance and Accounting, 1997, 9, (3), 227-50
21. Why Is Bank Debt Senior? A Theory of Asymmetry and Claim Priority Based on Influence Costs
    Review of Financial Studies, 1997, 10, (4), 1203-36 View citations

1996

22. Culture, Information, and Screening Discrimination
    Journal of Political Economy, 1996, 104, (3), 542-71 View citations
23. Equity offerings following the IPO theory and evidence
    Journal of Corporate Finance, 1996, 2, (3), 227-259 View citations
24. Issuer Expenses and Legal Liability in Initial Public Offerings
    Journal of Law & Economics, 1996, 39, (2), 545-602 View citations
25. Rational herding in financial economics
    European Economic Review, 1996, 40, (3-5), 603-615 View citations

1995

26. Corporate research & development investments international comparisons
    Journal of Accounting and Economics, 1995, 19, (2-3), 443-470 View citations

1993

27. An empirical investigation of IPO returns and subsequent equity offerings
    Journal of Financial Economics, 1993, 34, (2), 153-175 View citations
28. Bondholder Losses in Leveraged Buyouts
    Review of Financial Studies, 1993, 6, (4), 959-82 View citations
    See also Working Paper (1990)

1992

29. A Theory of Fads, Fashion, Custom, and Cultural Change in Informational Cascades
    Journal of Political Economy, 1992, 100, (5), 992-1026 View citations
30. Sequential Sales, Learning, and Cascades
    Journal of Finance, 1992, 47, (2), 695-732 View citations

1991

31. An Empirical Examination of Models of Contract Choice in Initial Public Offerings
    Journal of Financial and Quantitative Analysis, 1991, 26, (04), 497-518

1989

32. Seasoned Offerings, Imitation Costs, and the Underpricing of Initial Public Offerings
    Journal of Finance, 1989, 44, (2), 421-49 View citations

Editor

1. German Economic Review
   Blackwell Publishing