Current Papers

01-13 Do Asset Price Bubbles have Negative Real Effects? Indraneel Chakraborty, Itay Goldstein* and Andrew MacKinlay
02-13 Risk Premia, Volatilities, and Sharpe Ratios in a Non-Linear Term Structure Model, Peter Feldhutter, Christian Heyerdahl-Larsen and Philipp Illeditsch*
03-13 Information Inertia, Scott Condie, Jayant Ganguli and Philipp Illeditsch*
04-13 Disagreement about Inflation and the Yield Curve, Paul Ehling, Michael Gallmeyer, Christian Heyerdal-Larsen and Philipp Illeditsch*
05-13 Dynamic Debt Runs and Financial Fragility:  Evidence from the 2007 ABCP Crisis, Enrique Schroth, Gustavo Suarez and Lucian Taylor*
06-13 Financial Crowding Out, John R. Graham, Mark T. Leary and Michael R. Roberts*
07-13 Adverse Selection and Intermediation Chains, Vincent Glode* and Christian Opp*
08-13 Does Junior Inherit?  Refinancing and the Blocking Power of Second Mortages, Philip Bond, Ronel Elul, Sharon Garyn-Tai and David K. Musto*
09-13 High Water Marks in Competitive Capital Markets, Susan E.K. Christoffersen, David K. Musto* and Bilge Yilmaz*
10-13 Precision of Ratings, Anastasia V. Kartasheva* and Bilge Yilmaz*   
11-13 Myopic Agency, John Y. Zhu*
12-13 Financing Through Asset Sales, Alex Edmans* and William Mann
13-13 Equity Vesting and Managerial Myopia, Alex Edmans*, Vivian W. Fang and Katharina A. Lewellen
14-13 The Value of Informativeness for Contracting, Pierre Chaigneau and Alex Edmans*
15-13 Contracting with Synergies, Alex Edmans*, Itay Goldstein* and John Zhu*
16-13 The Real Costs of Disclosure, Alex Edmans*, Mirko Heinle and Chong Huang
17-13 Durable Goods, Inflation Risk and the Equilibrium Asset Prices,  Bjorn Eraker, Ivan Shaliastovich* and Wenyu Wang
18-13  Volatility, the Macroeconomy and Asset Prices, Ravi Bansal, Dana Kiku*, Ivan Shaliastovich* and Amir Yaron*
19-13  Arbitrage, Asymmetry and the Idiosyncratic Volatility Puzzle, Robert F. Stambaugh*, Jianfeng Yu and Yu Yuan
20-13  Commodity Trade and the Carry Trade:  A Tale of Two Countries, Robert Ready, Nikolai Roussanov* and Colin Ward
21-13  The Labor Market for Directors and Externalities in Corporate Governance, Doron Levit* and Nadya Malenko 
22-13 Scale and Skill in Active Management, Lubos Pastor, Robert F Stambaugh* and Lucian A. Taylor*
23-13  Risk Adjustment and the Temporal Resolution of Uncertainty: Evidence from Options Markets, Darien Huang and Ivan Shaliastovich*
24-13  Option Prices in a Model with Stochastic Disaster Risk, Sang Byung Seo and Jessica A. Wachter*
25-13     Media-Driven High Frequency Trading:  Evidence from News Analytics, Bastian von Beschwitz, Donald B. Keim * and Massimo Massa
   
   * Wharton Faculty