Details about Jeffrey Wurgler

Access statistics for papers by Jeffrey Wurgler.

Last updated 2023-03-11. Update your information in the RePEc Author Service.

Short-id: pwu8

Working Papers

2025

1. The Research Behavior of Individual Investors
   NBER Working Papers, National Bureau of Economic Research, Inc

2024

2. Green Bonds: New Label, Same Projects
   NBER Working Papers, National Bureau of Economic Research, Inc

2023

3. Policy Uncertainty Reduces Green Investment
   NBER Working Papers, National Bureau of Economic Research, Inc

2022

4. Stock Market Stimulus
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)

2021

5. What Do You Think About Climate Finance?
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (187)

2018

6. Financing the Response to Climate Change: The Pricing and Ownership of U.S. Green Bonds
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (172)

2017

7. Investing in the Presence of Massive Flows: The Case of MSCI Country Reclassifications
   NBER Working Papers, National Bureau of Economic Research, Inc

2016

8. The Risk Anomaly Tradeoff of Leverage
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)

2013

9. Do Strict Capital Requirements Raise the Cost of Capital? Banking Regulation and the Low Risk Anomaly
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (24)

2012

10. Dividends as Reference Points: A Behavioral Signaling Approach
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
    See also Journal Article Dividends as Reference Points: A Behavioral Signaling Approach, The Review of Financial Studies, Society for Financial Studies (2016) View citations (39) (2016)

2011

11. Behavioral Corporate Finance: An Updated Survey
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (22)
    See also Chapter Behavioral Corporate Finance: An Updated Survey, Handbook of the Economics of Finance, Elsevier (2013) View citations (83) (2013)

2010

12. On the Economic Consequences of Index-Linked Investing
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)

2009

13. A Reference Point Theory of Mergers and Acquisitions
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
14. Global, local, and contagious investor sentiment
    Globalization Institute Working Papers, Federal Reserve Bank of Dallas View citations (7)
    See also Journal Article Global, local, and contagious investor sentiment, Journal of Financial Economics, Elsevier (2012) View citations (426) (2012)
15. The Equity Share in New Issues and Aggregate Stock Returns
    Yale School of Management Working Papers, Yale School of Management View citations (2)
    See also Journal Article The Equity Share in New Issues and Aggregate Stock Returns, Journal of Finance, American Finance Association (2000) View citations (366) (2000)

2008

16. Catering Through Nominal Share Prices
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    See also Journal Article Catering through Nominal Share Prices, Journal of Finance, American Finance Association (2009) View citations (81) (2009)

2007

17. Investor Sentiment in the Stock Market
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1363)
    See also Journal Article Investor Sentiment in the Stock Market, Journal of Economic Perspectives, American Economic Association (2007) View citations (1366) (2007)

2006

18. The Effect of Dividends on Consumption
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
    See also Journal Article The Effect of Dividends on Consumption, Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution (2007) View citations (54) (2007)

2005

19. Comovement
    Scholarly Articles, Harvard University Department of Economics View citations (46)
    Also in Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research (2002) View citations (1)
    NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations (3)
    See also Journal Article Comovement, Journal of Financial Economics, Elsevier (2005) View citations (1) (2005)

2004

20. Behavioral Corporate Finance: A Survey
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (66)
21. Can Mutual Fund Managers Pick Stocks? Evidence from the Trades Prior to Earnings Announcements
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
    See also Journal Article Can Mutual Fund Managers Pick Stocks? Evidence from Their Trades Prior to Earnings Announcements, Journal of Financial and Quantitative Analysis, Cambridge University Press (2010) View citations (85) (2010)
22. Investor Sentiment and the Cross-Section of Stock Returns
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)
    See also Journal Article Investor Sentiment and the Cross‐Section of Stock Returns, Journal of Finance, American Finance Association (2006) View citations (1845) (2006)
23. Pseudo Market Timing and Predictive Regressions
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
24. The Stock Market and Investment: Evidence from FDI Flows
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)

2003

25. A Catering Theory of Dividends
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
26. Appearing and Disappearing Dividends: The Link to Catering Incentives
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Journal Article Appearing and disappearing dividends: The link to catering incentives, Journal of Financial Economics, Elsevier (2004) View citations (147) (2004)

2002

27. 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 (33)
    Also in Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research (2002) View citations (13)
    See also Journal Article When Does the Market Matter? Stock Prices and the Investment of Equity-Dependent Firms, The Quarterly Journal of Economics, President and Fellows of Harvard College (2003) View citations (571) (2003)

2001

28. Does Arbitrage Flatten Demand Curves for Stocks?
    Yale School of Management Working Papers, Yale School of Management View citations (11)
    See also Journal Article Does Arbitrage Flatten Demand Curves for Stocks?, The Journal of Business, University of Chicago Press (2002) View citations (320) (2002)
29. Financial Markets And The Allocation Of Capital
    Yale School of Management Working Papers, Yale School of Management View citations (21)
    See also Journal Article Financial markets and the allocation of capital, Journal of Financial Economics, Elsevier (2000) View citations (902) (2000)
30. Market Timing and Capital Structure
    Yale School of Management Working Papers, Yale School of Management View citations (19)

Journal Articles

2020

1. Leverage and the Beta Anomaly
   Journal of Financial and Quantitative Analysis, 2020, 55, (5), 1491-1514 View citations (6)

2016

2. Dividends as Reference Points: A Behavioral Signaling Approach
   The Review of Financial Studies, 2016, 29, (3), 697-738 View citations (39)
   See also Working Paper Dividends as Reference Points: A Behavioral Signaling Approach, NBER Working Papers (2012) View citations (8) (2012)

2015

3. Do Strict Capital Requirements Raise the Cost of Capital? Bank Regulation, Capital Structure, and the Low-Risk Anomaly
   American Economic Review, 2015, 105, (5), 315-20 View citations (134)

2012

4. Comovement and Predictability Relationships Between Bonds and the Cross-section of Stocks
   The Review of Asset Pricing Studies, 2012, 2, (1), 57-87 View citations (58)
5. Global, local, and contagious investor sentiment
   Journal of Financial Economics, 2012, 104, (2), 272-287 View citations (426)
   See also Working Paper Global, local, and contagious investor sentiment, Globalization Institute Working Papers (2009) View citations (7) (2009)
6. The effect of reference point prices on mergers and acquisitions
   Journal of Financial Economics, 2012, 106, (1), 49-71 View citations (135)

2010

7. Can Mutual Fund Managers Pick Stocks? Evidence from Their Trades Prior to Earnings Announcements
   Journal of Financial and Quantitative Analysis, 2010, 45, (5), 1111-1131 View citations (85)
   See also Working Paper Can Mutual Fund Managers Pick Stocks? Evidence from the Trades Prior to Earnings Announcements, NBER Working Papers (2004) View citations (7) (2004)

2009

8. Catering through Nominal Share Prices
   Journal of Finance, 2009, 64, (6), 2559-2590 View citations (81)
   See also Working Paper Catering Through Nominal Share Prices, NBER Working Papers (2008) View citations (4) (2008)
9. Multinationals as Arbitrageurs: The Effect of Stock Market Valuations on Foreign Direct Investment
   The Review of Financial Studies, 2009, 22, (1), 337-369 View citations (89)

2007

10. Investor Sentiment in the Stock Market
    Journal of Economic Perspectives, 2007, 21, (2), 129-152 View citations (1366)
    See also Working Paper Investor Sentiment in the Stock Market, NBER Working Papers (2007) View citations (1363) (2007)
11. The Effect of Dividends on Consumption
    Brookings Papers on Economic Activity, 2007, 38, (1), 231-292 View citations (54)
    See also Working Paper The Effect of Dividends on Consumption, NBER Working Papers (2006) View citations (10) (2006)

2006

12. Investor Sentiment and the Cross‐Section of Stock Returns
    Journal of Finance, 2006, 61, (4), 1645-1680 View citations (1845)
    See also Working Paper Investor Sentiment and the Cross-Section of Stock Returns, NBER Working Papers (2004) View citations (16) (2004)
13. Predicting Returns with Managerial Decision Variables: Is There a Small‐Sample Bias?
    Journal of Finance, 2006, 61, (4), 1711-1730 View citations (30)

2005

14. Comovement
    Journal of Financial Economics, 2005, 75, (2), 283-317 View citations (1)
    See also Working Paper Comovement, Scholarly Articles (2005) View citations (46) (2005)

2004

15. Appearing and disappearing dividends: The link to catering incentives
    Journal of Financial Economics, 2004, 73, (2), 271-288 View citations (147)
    See also Working Paper Appearing and Disappearing Dividends: The Link to Catering Incentives, NBER Working Papers (2003) View citations (1) (2003)

2003

16. The maturity of debt issues and predictable variation in bond returns
    Journal of Financial Economics, 2003, 70, (2), 261-291 View citations (110)
17. When Does the Market Matter? Stock Prices and the Investment of Equity-Dependent Firms
    The Quarterly Journal of Economics, 2003, 118, (3), 969-1005 View citations (571)
    See also Working Paper When Does the Market Matter? Stock Prices and the Investment of Equity-Dependent Firms, NBER Working Papers (2002) View citations (33) (2002)

2002

18. Comment on: Investor psychology in capital markets
    Journal of Monetary Economics, 2002, 49, (1), 211-214
19. Does Arbitrage Flatten Demand Curves for Stocks?
    The Journal of Business, 2002, 75, (4), 583-608 View citations (320)
    See also Working Paper Does Arbitrage Flatten Demand Curves for Stocks?, Yale School of Management Working Papers (2001) View citations (11) (2001)

2000

20. Financial markets and the allocation of capital
    Journal of Financial Economics, 2000, 58, (1-2), 187-214 View citations (902)
    See also Working Paper Financial Markets And The Allocation Of Capital, Yale School of Management Working Papers (2001) View citations (21) (2001)
21. The Equity Share in New Issues and Aggregate Stock Returns
    Journal of Finance, 2000, 55, (5), 2219-2257 View citations (366)
    See also Working Paper The Equity Share in New Issues and Aggregate Stock Returns, Yale School of Management Working Papers (2009) View citations (2) (2009)

Chapters

2013

1. Behavioral Corporate Finance: An Updated Survey
   Elsevier View citations (83)
   See also Working Paper Behavioral Corporate Finance: An Updated Survey, National Bureau of Economic Research, Inc (2011) View citations (22) (2011)