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FIN-03-001	Ljungqvist, Alexander and Richardson, Matthew " The cash flow, return and risk characteristics of private equity "  WP  January 2003.
FIN-03-002	Boehmer, Ekkehart; Saar, Gideon and Yu, Lei    "Lifting the Veil: An Analysis of Pre-Trade Transparency at the NYSE"   WP  March 2003.
FIN-03-003	Sangvinatsos, Antonios and Wachter, Jessica    "Does the Failure of the Expectations Hypothesis Matter for Long-Term Investors?"   WP  January 2003.
FIN-03-004	Kim, Dongcheol; Palia, Darius and Saunders, Anthony    "The Long-Run Behavior of Debt and Equity Underwriting Spreads"   WP  January 2003.
FIN-03-005	Boudry, Walter; Lynch, Anthony W. and Wachter, Jessica    "Does Mutual Fund Performance Vary over the Business Cycle?"   WP  January 2003.
FIN-03-006	Altman, Edward I.; Brady, Brooks; Resti, Andrea and Sironi, Andrea    "The Link between Default and Recovery Rates: Theory, Empirical Evidence and Implications"   WP  March 2003.
FIN-03-007	Allen, Linda; DeLong, Gayle and Saunders, Anthony    "Issues in the Credit Risk Modeling of Retail Markets"   WP  February 2003.
FIN-03-008	Altman, Edward I. and Jha, Shubin    "Market Size and Investment Performance of Defaulted Bonds and Bank Loans: 1987-2002"   WP  February 2003.
FIN-03-009	Altman, Edward I and Onorato, Mario    "An Integrated Pricing Model for Defaultable Loans and Bonds"   WP  February 2003.
FIN-03-010	Altman, Edward I and Bana, Gaurav    "Defaults and Returns on High Yield Bonds: The Year 2002 in Review and the Market Outlook"   WP  February 2003.
FIN-03-011	Boudoukh, Jacob; Richardson, Matthew; Shen, YuQing and Whitelaw, Robert F.    "Do Asset Prices Reflect Fundamentals? Freshly Squeezed Evidence from the OJ Market"   WP  February 2003.
FIN-03-012	Bierens, Herman; Huang, Jing-zhi and Kong, Weipeng.    "An Econometric Model of Credit Spreads with Rebalancing, ARCH and Jump Effects"   WP  April 2003.
FIN-03-013	Huang, Jing-zhi and Kong, Weipeng.    "Explaining Credit Spread Changes: Some New Evidence from Option-Adjusted Spreads of Bond Indices"   WP  March 2003.
FIN-03-014	Huang, Jing-zhi; Ju, Nengjiu and Yang, Hui Ou.    "A Model of Optimal Capital Structure with Stochastic Interest Rates"   WP  February 2003.
FIN-03-015	Ljungqvist, Alexander; Marston, Felicia and Wilhelm, William J. Jr.    "Competing for Securities Underwriting Mandates: Banking Relationships and Analyst Recommendations"   WP  May 2003.
FIN-03-016	Huang, Jing-zhi and Wu, Liuren.    "Specification Analysis of Option Pricing Models Based on Time-Changed Levy Processes"   WP  May 2003.
FIN-03-017	Mei, Jianping; Scheinkman, José A. and Xiong, Wei.    "Speculative Trading and Stock Prices: An Analysis of Chinese A-B Share Premia"   WP  June 2003.
FIN-03-018	Mueller, Holger M. and Panunzi, Fausto    "Tender Offers and Leverage"   WP  July 2003.
FIN-03-019	Amihud, Yakov and Wohl, Avi    "Political News and Stock Prices: The Case of Saddam Hussein Contracts"   WP  June 2003.
FIN-03-020	Massoud, Nadia; Saunders, Anthony and Scholnick, Barry.    "Is There a Customer Relationship Effect from Bank ATM Surcharges?"   WP  July 2003.
FIN-03-021	Guo, Hui and Whitelaw, Robert F.    "Uncovering the Risk-Return Relation in the Stock Market" WP  July 2003.
FIN-03-022	Silber, William L.    "What Happened to Liquidity When World War I Shut the NYSE?"   WP August 2003. Revised October 2003
FIN-03-023	Baker, Malcolm and Wurgler, Jeffrey.    "Appearing and disappearing dividends: The link to catering incentives"   WP July 2003.
FIN-03-024	Van Nieuwerburgh, Stijn.    "Housing Collateral, Consumption Insurance and Risk Premia: an Empirical Perspective"   WP August 2003.
FIN-03-025	Cremers,K.J. Martijn and Mei, Jianping    "Turning Over Turnover"   WP September 2003.
FIN-03-026	Halov, Nikolay and Florian, Heider.    "Capital Structure with Asymmetric Information about Value and Risk: Theory and Empirical Analysis"   WP October 2003.
FIN-03-027	Silber, William L.    "Birth of the Federal Reserve: Crisis in the Womb"   WP October 2003.
FIN-03-028	Mei, Jianping and Zhou, Chunsheng    "Behavior Based Manipulation"   WP  October 2003.
FIN-03-029	Ljungqvist, Alexander and Richardson, Matthew " The Investment Behavior of Private Equity Fund Managers "  WP  October 2003.
FIN-03-030	Baker, Malcolm and Wurgler, Jeffrey.    "Investor sentiment and the cross-section of stock returns" WP Novermber 2003.
FIN-03-031	Carpenter, Jennifer N.; Dybvig, Philip H. and Farnsworth, Heber K. " Portfolio Performance and Agency"   WP  September 2003.
FIN-03-032	Walter, Ingo " Conflicts of Interest and Market Discipline Among Financial Services Firms"  WP  October 2003.
FIN-03-033	Cornett, Marcia M.; Marcus, Alan J.; Saunders, Anthony and Tehranian, Hassan " The Impact of Institutional Ownership on Corporate Operating Performance"  WP  November 2003.
FIN-03-034	Landskroner, Yoram and Paroush, Jacob  "Bank Management and Market Discipline"  WP  October 2003.
FIN-03-035	Brown, Stephen J.; Gallagher, David R.; Steenbeek, Onno and Swan, Peter L.  "Informationless Trading"  WP  November 2003.
FIN-03-036	Adams, Renée B.; Almeida, Heitor and Ferreira, Daniel.  "Understanding the Relationship between Founder-CEOs and Firm Performance"  WP  November 2003.
FIN-03-037	Allen, Linda.  "Cyclicality in Catastrophic and Operational Risk Measurements"  WP  November 2003.
FIN-03-038	Ljungqvist, Alexander and Wilhelm, William J. Jr. " What makes issuers happy? Testing the Prospect Theory of IPO Underpricing "  WP  December 2003.
FIN-03-039	Ljungqvist, Alexander; Marston, Felicia and Wilhelm, William J. Jr. " Competing for Securities Underwriting Mandates: Banking Relationships and Analyst Recommendations "  WP  December 2003.
FIN-03-040	Dai, Qiang; Singleton, Kenneth J. and Yang, Wei. " Regime Shifts in a Dynamic Term Structure Model of U.S. Treasury Bond Yields "  WP  October 2003.
FIN-03-041	Duffie, Darrel; Garleanu, Nicolae and Pedersen, Lasse Heje. " Valuation in Over-The-Counter Markets "  WP  September 2003.
FIN-03-042	Brunnermeier, Markus K. and Pedersen, Lasse Heje " Predatory Trading "  WP  December 2003.
FIN-03-043	Duffie, Darrel; Garleanu, Nicolae and Pedersen, Lasse Heje " Over-the-Counter Marketmaking " WP  September 2003.
FIN-03-044	Acharya, Viral A. and Pedersen, Lasse Heje " Asset Pricing with Liquidity Risk "  WP  July 2003.
FIN-03-045	Garleanu, Nicolae and Pedersen, Lasse Heje " Adverse Selection and Re-Trade "  WP  September 2003.
FIN-03-046	Garleanu, Nicolae and Pedersen, Lasse Heje " Repeated Auctions with Endogenous Selling " WP  February 2003.
FIN-03-047	Basak, Suleyman and Shapiro, Alex " A Model of Credit Risk, Optimal Policies, and Asset Prices " WP  November 2003.
FIN-03-048	Basak, Suleyman; Shapiro, Alex and Tepla, Lucie " Risk Management with Benchmarking " WP  December 2003.
FIN-03-049	Basak, Suleyman; Pavlova, Anna and Shapiro, Alex " Offsetting the Incentives: Risk Shifting and Benefits of Benchmarking in Money Management "  WP  December 2003.
FIN-03-050	Walter, Ingo " Strategies in Banking and Financial Services Firms: A Survey"  WP  December 2003.
FIN-03-051	Elton, Edwin J.; Gruber, Martin J. and Blake, Christopher R. " The Adequacy of Investment Choices Offered By 401K Plans"  WP  December 2003.