2012 Working Papers

01-12 CEO Wage Dynamics: Estimates from a Learning Model, Lucian A. Taylor*
02-12 Compensating Financial Experts, Vincent Glode* and Richard Lowery
03-12 Volatility, the Macroeconomy and Asset Prices, Ravi Bansal, Dana Kiku*, Ivan Shaliastovich*, and Amir Yaron*
04-12 Common Errors: How to (and Not to) Control for Unobserved Heterogeneity, Todd A. Gormley* and David A. Matsa
05-12 Countercyclical Currency Risk Premia, Hanno Lustig, Nikolai Roussanov* and Adrien Verdelhan
06-12 Financing Through Asset Sales, Alex Edmans* and William Mann
07-12 Authority, Consensus and Governance, Archishman Chakraborty and Bilge Yilmaz*
08-12 Rare Booms and Disasters in a Multi-sector Endowment Economy, Jerry Tsai and Jessica A.Wachter*
09-12 Beliefs about Inflation and the Term Structure of Interest Rates, Paul Ehling, Michael Gallmeyer, Christian Heyerdahl-Larsen and Philipp Illeditsch*
10-12 Status, Marriage, and Managers’ Attitudes to Risk, Nikolai Roussanov* and Pavel Savor*
11-12 Soft Shareholder Activism, Doron Levit*
12-12 Learning, Active Investors, and the Returns of Financially Distressed Firms, Christian C. G. Opp*
13-12 Rating Agencies in the Face of Regulation, Christian C. G. Opp*, Marcus M. Opp, Milton Harris (forthcoming, Journal of Financial Economics)
14-12 Institutional Investors and Stock Market Liquidity: Trends and Relationships, Marshall E. Blume* and Donald B. Keim*
15-12 Arbitrage Asymmetry and the Idiosyncratic Volatility Puzzle, Robert F. Stambaugh*, Jianfeng Yu, and Yu Yuan
* Wharton Faculty