Recent Publications


     2009

"Environmental Taxes."
D. Fullerton, A. Leicester, S. Smith, Dimensions of Tax Design, 2009

"Does Prior Performance Affect a Mutual Fund's Choice of Risk? Theory and Further Empirical Evidence."
G. Pennacchi, H. Chen, Journal of Financial and Quantitative Analysis, (44) August: 4 745-775 2009

"Harming Depositors and Helping Borrowers: The Disparate Impact of Bank Consolidation."
G. Pennacchi, K. Park, Review of Financial Studies, (22) January: 1 1-40 2009

"Why Pay? An Introduction to Payments Economics."
C. Kahn, W. Roberds, Journal of Financial Intermediation, (18) January: 1-23 2009

"Determinants of Corporate Borrowing: A Behavioral Perspective."
D. Hackbarth, Journal of Corporate Finance, (15) September: 4 389–411 (Lead Article) 2009
SSRN Abstract

"Corporate Financial and Investment Policies when Future Financing is not Frictionless."
H. Almeida, M. Campello, M. Weisbach, Forthcoming Journal of Corporate Finance, 2009
SSRN Abstract

"The Private Market for Long-Term Care Insurance in the United States: A Review of the Evidence."
J. Brown, A. Finkelstein, Journal of Risk and Insurance, (76) March: 1 5-29 2009

"Discounting State and Local Pension Liabilities."
J. Brown, D. Wilcox, Forthcoming The American Economic Review, May: 2009

"The Effect of Inheritance Receipt on Retirement Decisions."
J. Brown, C. Coile, S. Weisbenner, Forthcoming Review of Economics and Statistics, 2009

"Liquid Capital and Market Liquidity."
T. Johnson, Forthcoming Economic Journal, 2009

"Payments Settlement: Tiering in Private and Public Systems."
C. Kahn, W. Roberds, Forthcoming Journal of Money, Credit, and Banking, (41) August: 5 855-884 2009

"The ABCs of Mutual Funds: On the Introduction of Multiple Share Classes."
V. Nanda, Z. Wang, L. Zheng, Forthcoming Journal of Financial Intermediation, 2009

"Do Managers Time the Market? Evidence from Open Market Repurchases."
D. Ikenberry, K. Chan, I. Lee, Forthcoming Journal of Banking and Finance, 2009

"Option Pricing Model to Analyze Cost–Benefit Trade-Offs of ADR Investments in AEC Projects."
N. Pearson, F. Pena-Mora, C. Menassa, Forthcoming Journal of Construction Engineering and Management, (135) 3 156-168 2009

"Is Social Sercurity Part of the Social Safety Net?."
J. Brown, J. Coronado, Tax Policy and the Economy, 23 2009

"Side-by-Side Management of Hedge Funds and Mutual Funds."
T. Nohel, Z. Wang, L. Zheng, Forthcoming Review of Financial Studies, 2009

"Harming Depositors and Helping Borrowers: The Disparate Impact of Bank Consolidation."
K. Park, Review of Financial Studies, (22) January: 1 1-40 2009

"Disappearing Internal Capital Markets: Evidence from Diversified Business Groups in Korea."
S. Lee, K. Park, H. Shin, Journal of Banking and Finance, (33) February: 2 326-334 2009


     2008

"Environmental Investment and Policy with Distortionary Taxes and Endogenous Growth."
D. Fullerton, S. Kim, Journal of Environmental Economics and Management, September: 2008

"Review of Restructuring Retirement Risks edited by David Blitzstein, Olivia Mitchell, and Stephen Utkus."
G. Pennacchi, Journal of Pension Economics and Finance, (7) November: 3 363-365 2008

"Laffer Curve."
D. Fullerton, The New Palgrave Dictionary of Economics, 2008

"Neighbors Matter: Causal Community Effects and Stock Market Participation."
J. Brown, Z. Ivkovich, P. Smith, S. Weisbenner, Journal of Finance, June: 3 1509-1531 2008

"Clustering in U.S. Stock Prices After Decimalization."
D. Ikenberry, J. Weston, European Financial Management, (14) 1 30-54 2008

"Volume, Liquidity, and Liquidity Risk."
T. Johnson, Journal of Financial Economics, (87) 2 2008

"Are All Analysts Alike? Identifying Earnings Forecasting Ability."
D. Ikenberry, L. Chan, J. Lakonishok, S. Lee, Journal of Investment Management, (6) 1 1-19 2008

"Guaranteed Trouble: The Economic Effects of the Pension Benefit Guarantee Corporation."
J. Brown, Journal of Economic Perspectives, (22) Winter: 1 177-198 2008

"The Interaction of Public and Private Insurance: Medicaid and the Long-Term Care Insurance Market."
J. Brown, A. Finkelstein, The American Economic Review, (98) June: 3 1083-1102 2008

"Credit and Identity Theft."
C. Kahn, W. Roberds, Journal of Monetary Economics, (55) March: 251-264 2008

"Managerial Traits and Capital Structure Decisions."
D. Hackbarth, Journal of Financial and Quantitative Analysis, (43) December: 4 843-881 2008
SSRN Abstract

"Stock Returns in Mergers and Acquisitions."
D. Hackbarth, E. Morellec, Journal of Finance, (63) June: 3 1213-1252 2008
SSRN Abstract

"Financing Frictions and the Substitution Effect Between Internal and External Funds."
H. Almeida, M. Campello, Forthcoming Journal of Financial and Quantitative Analysis, 2008
SSRN Abstract

"Estimating Risk-Adjusted Costs of Financial Distress."
H. Almeida, T. Philippon, Journal of Applied Corporate Finance, Fall: 105-111 2008
SSRN Abstract

"Understanding the Relationship Between Founder-CEOs and Corporate Performance."
H. Almeida, R. Adams, D. Ferreira, Forthcoming Journal of Empirical Finance, 2008
SSRN Abstract

"Why Don't People Insure Late Life Consumption? A Framing Explanation of the Under-Annuitization Puzzle.."
J. Brown, J. Kling, S. Mullainathan, M. Wrobel, The American Economic Review, (98) May: 2 304-309 2008

"The Future of Social Security, Medicare and Medicaid: Is U.S. Entitlement Spending Sustainable?."
K. Baicker, J. Brown, D. Holtz-Eakin, P. Orszag, Risk Management and Insurance Review, (11) 1 1-21 2008

"Gffen Behavior and Subsistence Consumption."
N. Miller, R. Jensen, American Economic Review, (98) 4 1553-1577 2008

"The Impact of the World Food Price Crisis on Nutrition in China."
N. Miller, R. Jensen, Forthcoming Agricultural Economics, 2008

"Valuing Tranches of CDOs II: CDOs of ABS."
N. Pearson, C. Smithson, Risk, (21) March: 3 84-87 2008


     2007

"Why is the Market for Long-Term Care Insurance so Small?."
J. Brown, A. Finkelstein, Journal of Public Economics, (91) November: 10 1967-1991 2007

"Individual Account Investment Options and Portfolio Choice: Behaviorial Lessons from 401 (k) Plans.."
J. Brown, N. Liang, S. Weisbenner, Journal of Public Economics, (91) November: 10 1992-2013 2007

 

        
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