LSE Research Online Documents on Economics

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119093: Financing constraints and inventories

Ward Brown and Urs Haegler

119092: Asset price dynamics with value-at-risk constrained traders

Jon Danielsson, Hyun Song Shin and Jean-Pierre Zigrand

119091: Option prices under Bayesian learning: implied volatility dynamics and predictive densities

Massimo Guidolin and Allan Timmermann

119090: Modelling a housing and mortgage crisis

Charles Goodhart, Dimitri Tsomocos and Alexandros Vardoulakis

119089: Limits of arbitrage: the state of the theory

Denis Gromb and Dimitri Vayanos

119088: The price impact of institutional herding

Amil Dasgupta, Andrea Prat and Michela Verardo

119087: Credit rating and competition

Nelson Camanho-Da-Costa-Neto, Pragyan Deb and Zijun Liu

119086: Aversion to the variability of pay and optimal incentive contracts

Pierre Chaigneau

119085: Signalling in tender offer games

Mike Burkart and Samuel Lee

119084: Executive pay and performance in the UK

Paul Gregg, Sarah Jewell and Ian Tonks

119083: Value of information in competitive economies with incomplete markets

Piero Gottardi and Rohit Rahi

119082: Innovations, rents and risk

Bruno Biais, Jean Rochet and Paul Woolley

119081: The optimal timing of executive compensation

Pierre Chaigneau

119080: Institutional trade persistence and long-term equity returns

Amil Dasgupta, Andrea Prat and Michela Verardo

119079: The vote is cast: the effect of corporate governance on shareholder value

Vicente Cuñat, Mireia Giné and Maria Guadalupe

119078: Boards of banks

Daniel Ferreira, Tom Kirchmaier and Daniel Metzger

119077: Trading frenzies and their impact on real investment

Itay Goldstein, Emre Ozdenoren and Kathy Yuan

119076: Trading and voting in distressed firms

Ioan Olaru and Konstantinos Zachariadis

119075: Micro frictions, asset pricing, and aggregate implications

Jack Favilukis and Xiaoji Lin

119074: Preferred-habitat investors and the US term structure of real rates

Iryna Kaminska, Dimitri Vayanos and Gabriele Zinna

119073: Walking wounded or living dead? Making banks foreclose bad loans

Max Bruche and Gerard Llobet

119072: Bank bailout menus

Sudipto Bhattacharya and Kjell Nyborg

119071: Second-order approximation of dynamic models with time-varying risk

Gianluca Benigno, Pierpaolo Benigno and Salvatore Nisticò

119070: Switching monetary policy regimes and the nominal term structure

Marcelo Ferman

119069: Defeasance of control rights

Carsten Bienz, Antoine Faure-Grimaud and Zsuzsanna Fluck

119068: Dynamic hedging in incomplete markets: a simple solution

Suleyman Basak and Georgy Chabakauri

119067: Liquidity hoarding

Douglas Gale and Tanju Yorulmazer

119066: Complicated firms

Lauren Cohen and Dong Lou

119065: Short run bond risk premia

Philippe Mueller, Andrea Vedolin and Hao Zhou

119064: Repo runs

Antoine Martin, David Skeie and Ernst-Ludwig Thadden

119063: CDS auctions

Mikhail Chernov, Alexander Gorbenko and Igor Makarov

119062: Investment banking careers: an equilibrium theory of overpaid jobs

Ulf Axelson and Philip Bond

119061: What is the Consumption-CAPM missing? An information-theoretic framework for the analysis of asset pricing models

Anisha Ghosh, Christian Julliard and Alex Taylor

119060: The Wall Street walk when blockholders compete for flows

Amil Dasgupta and Giorgia Piacentino

119059: Explaining the structure of CEO incentive pay with decreasing relative risk aversion

Pierre Chaigneau

119058: Performance pay, CEO dismissal, and the dual role of takeovers

Mike Burkart and Konrad Raff

119057: On the drivers of commodity co-movement: evidence from biofuels

Francisco Peñaranda and Augusto Micola

119056: Smart buyers

Mike Burkart and Samuel Lee

119055: The effect of risk preferences on the valuation and incentives of compensation contracts

Pierre Chaigneau

119054: Borrow cheap, buy high? The determinants of leverage and pricing in buyouts

Ulf Axelson, Tim Jenkinson, Per Strömberg and Michael Weisbach

119053: Bond variance risk premia

Philippe Mueller, Andrea Vedolin and Yu-Min Yen

119052: Transparency in the financial system: rollover risk and crises

Matthieu Bouvard, Pierre Chaigneau and Adolfo Motta

119051: Financial regulation in general equilibrium

Charles Goodhart, Anil Kashyap, Dimitri Tsomocos and Alexandros Vardoulakis

119050: Estimating the quadratic covariation matrix for an asynchronously observed continuous time signal masked by additive noise

Sujin Park and Oliver Linton

119049: Securitized banking, asymmetric information, and financial crisis: regulating systemic risk away

Sudipto Bhattacharya, Georgy Chabakauri and Kjell Nyborg

119048: Transparency, tax pressure and access to finance

Andrew Ellul, Tullio Jappelli, Marco Pagano and Fausto Panunzi

119047: Stock market tournaments

Emre Ozdenoren and Kathy Yuan

119046: Asset pricing with heterogeneous investors and portfolio constraints

Georgy Chabakauri

119045: Liquidity and asset returns under asymmetric information and imperfect competition

Dimitri Vayanos and Jiang Wang

119044: Market liquidity - theory and empirical evidence

Dimitri Vayanos and Jiang Wang

119043: Do standard corporate governance practices matter in family firms?

Sridhar Arcot and Valentina Bruno

119042: Agency, firm growth, and managerial turnover

Ronald W. Anderson, Maria Cecilia Bustamante and Stéphane Guibaud

119041: Bankers and bank investors: reconsidering the economies of scale in banking

Ronald W. Anderson and Karin Jõeveer

119040: The structure of CEO pay: pay-for-luck and stock-options

Pierre Chaigneau and Nicolas Sahuguet

119039: Shareholder empowerment and bank bailouts

Daniel Ferreira, David Kershaw, Tom Kirchmaier and Edmund-Philipp Schuster

119038: From female labor force participation to boardroom gender diversity

Renee Adams and Tom Kirchmaier

119037: Investors' horizons and the amplification of market shocks

Cristina Cella, Andrew Ellul and Mariassunta Giannetti

119036: Cross-market timing in security issuance

Pengjie Gao and Dong Lou

119035: Industry window dressing

Huaizhi Chen, Lauren Cohen and Dong Lou

119034: Does herding behavior reveal skill? An analysis of mutual fund performance

Hao Jiang and Michela Verardo

119033: Comomentum: inferring arbitrage activity from return correlations

Dong Lou and Christopher Polk

119032: Mortgage hedging in fixed income markets

Aytek Malkhozov, Philippe Mueller, Andrea Vedolin and Gyuri Venter

119031: Product market competition and industry returns

Maria Cecilia Bustamante and Andrés Donangelo

119030: Ties that bind: how business connections affect mutual fund activism

Dragana Cvijanovic, Amil Dasgupta and Konstantinos Zachariadis

119029: Activist funds, leverage, and procyclicality

Mike Burkart and Amil Dasgupta

119028: Network risk and key players: a structural analysis of interbank liquidity

Edward Denbee, Christian Julliard, Liana Yepremyan and Kathy Yuan

119027: Employment and wage insurance within firms: worldwide evidence

Andrew Ellul, Marco Pagano and Fabiano Schivardi

119026: Asset management contracts and equilibrium prices

Andrea Buffa, Dimitri Vayanos and Paul Woolley

119024: The value of informativeness for contracting

Pierre Chaigneau, Alex Edmans and Daniel Gottlieb

119022: Offsetting disagreement and security prices

Byoung-Hyoung Hwang, Dong Lou and Chengxi Yin

119019: The booms and busts of beta arbitrage

Dong Lou, Christopher Polk and Shiyang Huang

119016: Information asymmetries, volatility, liquidity and the Tobin Tax

Albina Danilova and Christian Julliard

119013: What is the expected return on the market?

Ian Martin

119012: The dynamics of financially constrained arbitrage

Denis Gromb and Dimitri Vayanos

119010: A tug of war: overnight versus intraday expected returns

Dong Lou, Christopher Polk and Spyros Skouras

119008: Wolf pack activism

Alon Brav, Amil Dasgupta and Richmond Mathews

119005: Endogenous market making and network formation

Briana Chang and Shengxing Zhang

119002: A response to Professor Paul A. Samuelson's objections to Kelly capital growth investing

William Ziemba

119001: Dynamic equilibrium with rare events and heterogeneous Epstein-Zin investors

Georgy Chabakauri

119000: Resaleable debt and systemic risk

Jason Donaldson and Eva Micheler

118998: Exchange rates and monetary policy uncertainty

Philippe Mueller, Alireza Tahbaz-Salehi and Andrea Vedolin

118995: Blended automation: integrating algorithms on the floor of the New York Stock Exchange

Daniel Beunza and Yuval Millo

118992: The dynamics of expected returns: evidence from multi-scale time series modelling

Daniele Bianchi and Andrea Tamoni

118990: Curse of the benchmarks

Dimitri Vayanos and Paul Woolley

118989: Taming the Basel leverage cycle

Christoph Aymanns, Fabio Caccioli, J. Farmer and Vincent Tan

118983: Say on pay: do shareholders care?

Carsten Gerner-Beuerle and Tom Kirchmaier

118982: Informational black holes in financial markets

Ulf Axelson and Igor Makarov

118980: Downside risk neutral probabilities

Pierre Chaigneau and Louis Eeckhoudt

118978: An information based one-factor asset pricing model

Anisha Ghosh, Christian Julliard and Alex Taylor

118977: Pipeline risk in leveraged loan syndication

Max Bruche, Frederic Malherbe and Ralf Meisenzahlimeon

118976: European venture capital: myths and facts

Ulf Axelson and Milan Martinovic

118975: Corporate tax cuts: examining the record in advanced economies

Simeon Djankov

118974: Cultural proximity and loan outcomes

Raymond Fisman, Daniel Paravisini and Vikrant Vig

118973: Financial choice and financial information

Péter Kondor and Botond Koszegi

118972: Learning in crowded markets

Péter Kondor and Adam Zawadowski

118970: Women in finance

Renee Adams and Tom Kirchmaier

118969: Determinants of regulatory reform

Simeon Djankov, Dorina Georgieva and Rita Ramalho

118968: Macro-modelling, default and money

C. A. E. Goodhart, Nikolas Romanidis, Dimitri Tsomocos and Martin Shubik

118967: Executive compensation: a survey of theory and evidence

Alex Edmans, Xavier Gabaix and Dirk Jenter

118966: The divergent postcommunist paths to democracy and economic freedom

Simeon Djankov