Working Papers Series 2004

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FIN-04-001

Altman, Edward; Gander, Amar and Saunders, Anthony. "Informational efficiency of loans versus bonds: Evidence from secondary market prices"  WP  February 2004.

FIN-04-002

Boehmer, Ekkehart and Ljungqvist, Alexander. "On the decision to go public: Evidence from privately-held firms"  WP  February 2004.

FIN-04-003

Pascual, Roberto; Veredas, David. "What pieces of limit order book information do are informative? An empirical analysis of a pure order-driven market"  WP  December 2003.

FIN-04-004

Pardo, Angel and Pascual, Roberto. "On the Hidden Side of Liquidity"  WP  November 2003.

FIN-04-005

Baruch, Shmuel and Saar, Gideon. "Asset Returns and the Listing Choice of Firms"  WP  March 2004. Revised November 2004.

FIN-04-006

Ljungqvist, Alexander and Wilhelm, William J. Jr. "Does Prospect Theory Explain IPO Market Behavior?"  WP  February 2004.

FIN-04-007

Silber, William L., ed. Glucksman Fellowship Program Student Research Reports:
   Jennifer McCabe, "An Examination of the Predictive Abilities of Economic Derivative Markets"
   Christian Baier, "The Migration of Corporate Finance from Banks to Capital Markets in Germany"

FIN-04-008

Yermack, David.  "Flights of Fancy: Corporate Jets, CEO Perquisites, and Inferior Shareholder Returns"  WP April 2004. Revised September 2004.

FIN-04-009

Lustig, Hanno and Van Nieuwerburgh, Stijn.  "Housing Collateral and Consumption Insurance Across US Regions"  WP May 2004.

FIN-04-010

Lustig, Hanno and Van Nieuwerburgh, Stijn.  "A Theory of Housing Collateral, Consumption Insurance and Risk Premia"  WP May 2004. Revised November 2004.

FIN-04-011

Cornelli, Francesca; Goldreich, David and Ljungqvist, Alexander.  "Investor Sentiment and Pre-Issue Markets"  WP May 2004.

FIN-04-012

Kaniel, Ron; Saar, Gideon and Titman, Sheridan.  "Individual Investor Sentiment and Stock Returns"  WP May 2004. Revised September 2004.

FIN-04-013

Baker, Malcolm; Foley, C. Fritz and Wurgler, Jeffrey.  "The Stock Market and Investment: Evidence from FDI Flows"  WP May 2004.

FIN-04-014

Elton, Edwin J.; Gruber, Martin J. and Green, T. Clifton.  "The Impact of Mutual Fund Family Membership on Investor Risk"  WP July 2004.

FIN-04-015

Baker, Malcolm; Litov, Lubomir; Wachter, Jessica A. and Wurgler, Jeffrey.  "Can mutual fund managers pick stocks? Evidence from their trades prior to earnings announcements"  WP July 2004.

FIN-04-016

Elton, Edwin J.; Gruber, Martin J. and Spitzer, Jonathan.  "Improved Estimates of Correlation Coefficients And Their Impact on the Optimum Portfolios"  WP September 2004.

FIN-04-017

Allen, Linda and Gottesman, Aron A.  "The Informational Efficiency of the Equity Market As Compared to the Syndicated Bank Loan Market"  WP September 2004.

FIN-04-018

Allen, Linda; Guo, Hongtao and Weintrop, Joseph.  "The Information Content of Quarterly Earnings in Syndicated Bank Loan Prices"  WP September 2004.

FIN-04-019

Allen, Linda and Bali, Turan G.  "Cyclicality in Catastrophic and Operational Risk Measurements"  WP September 2004.

FIN-04-020

Yermack, David.  "Golden Handshakes: Rewards for CEOs Who Leave"  WP September 2004.

FIN-04-021

Baker, Malcolm; Taliaferro, Ryan and Wurgler, Jeffrey.  "Pseudo Market Timing and Predictive Regressions"  WP September 2004.

FIN-04-022

Jiang, Guolin; Mahoney, Paul G. and Mei, Jianping.  "Market Manipulation: A Comprehensive Study of Stock Pools"  WP September 2004.

FIN-04-023

Kaniel, Ron; Saar, Gideon and Titman, Sheridan.  "Individual Investor Sentiment and Stock Returns"  WP October 2004.

FIN-04-024

Baker, Malcolm; Ruback, Richard S. and Wurgler, Jeffrey.  "Behavioral Corporate Finance: A Survey"  WP October 2004.

FIN-04-025

Van Nieuwerburgh, Stijn and Veldkamp, Laura.  "Information Acquisition and Portfolio Under-Diversification"  WP November 2004.

FIN-04-026

Lustig, Hanno and Van Nieuwerburgh, Stijn.  "Information Immobility and the Home Bias Puzzle"  WP November 2004.

FIN-04-027

Inderst, Roman and Mueller, Holger.  "Benefits of Broad-Based Option Pay"  WP December 2004.

FIN-04-028

Inderst, Roman and Mueller, Holger.  "A Lender-Based Theory of Collateral"  WP December 2004.

FIN-04-028

Hochberg, Yael; Ljungqvist, Alexander and Lu, Yang.  "Who You Know Matters: Venture Capital Networks and Investment Performance"  WP December 2004.

FIN-04-001	Altman, Edward; Gander, Amar and Saunders, Anthony. "Informational efficiency of loans versus bonds: Evidence from secondary market prices" WP February 2004.
FIN-04-002	Boehmer, Ekkehart and Ljungqvist, Alexander. "On the decision to go public: Evidence from privately-held firms" WP February 2004.
FIN-04-003	Pascual, Roberto; Veredas, David. "What pieces of limit order book information do are informative? An empirical analysis of a pure order-driven market" WP December 2003.
FIN-04-004	Pardo, Angel and Pascual, Roberto. "On the Hidden Side of Liquidity" WP November 2003.
FIN-04-005	Baruch, Shmuel and Saar, Gideon. "Asset Returns and the Listing Choice of Firms" WP March 2004. Revised November 2004.
FIN-04-006	Ljungqvist, Alexander and Wilhelm, William J. Jr. "Does Prospect Theory Explain IPO Market Behavior?" WP February 2004.
FIN-04-007	Silber, William L., ed. Glucksman Fellowship Program Student Research Reports: Jennifer McCabe, "An Examination of the Predictive Abilities of Economic Derivative Markets" Christian Baier, "The Migration of Corporate Finance from Banks to Capital Markets in Germany"
FIN-04-008	Yermack, David. "Flights of Fancy: Corporate Jets, CEO Perquisites, and Inferior Shareholder Returns" WP April 2004. Revised September 2004.
FIN-04-009	Lustig, Hanno and Van Nieuwerburgh, Stijn. "Housing Collateral and Consumption Insurance Across US Regions" WP May 2004.
FIN-04-010	Lustig, Hanno and Van Nieuwerburgh, Stijn. "A Theory of Housing Collateral, Consumption Insurance and Risk Premia" WP May 2004. Revised November 2004.
FIN-04-011	Cornelli, Francesca; Goldreich, David and Ljungqvist, Alexander. "Investor Sentiment and Pre-Issue Markets" WP May 2004.
FIN-04-012	Kaniel, Ron; Saar, Gideon and Titman, Sheridan. "Individual Investor Sentiment and Stock Returns" WP May 2004. Revised September 2004.
FIN-04-013	Baker, Malcolm; Foley, C. Fritz and Wurgler, Jeffrey. "The Stock Market and Investment: Evidence from FDI Flows" WP May 2004.
FIN-04-014	Elton, Edwin J.; Gruber, Martin J. and Green, T. Clifton. "The Impact of Mutual Fund Family Membership on Investor Risk" WP July 2004.
FIN-04-015	Baker, Malcolm; Litov, Lubomir; Wachter, Jessica A. and Wurgler, Jeffrey. "Can mutual fund managers pick stocks? Evidence from their trades prior to earnings announcements" WP July 2004.
FIN-04-016	Elton, Edwin J.; Gruber, Martin J. and Spitzer, Jonathan. "Improved Estimates of Correlation Coefficients And Their Impact on the Optimum Portfolios" WP September 2004.
FIN-04-017	Allen, Linda and Gottesman, Aron A. "The Informational Efficiency of the Equity Market As Compared to the Syndicated Bank Loan Market" WP September 2004.
FIN-04-018	Allen, Linda; Guo, Hongtao and Weintrop, Joseph. "The Information Content of Quarterly Earnings in Syndicated Bank Loan Prices" WP September 2004.
FIN-04-019	Allen, Linda and Bali, Turan G. "Cyclicality in Catastrophic and Operational Risk Measurements" WP September 2004.
FIN-04-020	Yermack, David. "Golden Handshakes: Rewards for CEOs Who Leave" WP September 2004.
FIN-04-021	Baker, Malcolm; Taliaferro, Ryan and Wurgler, Jeffrey. "Pseudo Market Timing and Predictive Regressions" WP September 2004.
FIN-04-022	Jiang, Guolin; Mahoney, Paul G. and Mei, Jianping. "Market Manipulation: A Comprehensive Study of Stock Pools" WP September 2004.
FIN-04-023	Kaniel, Ron; Saar, Gideon and Titman, Sheridan. "Individual Investor Sentiment and Stock Returns" WP October 2004.
FIN-04-024	Baker, Malcolm; Ruback, Richard S. and Wurgler, Jeffrey. "Behavioral Corporate Finance: A Survey" WP October 2004.
FIN-04-025	Van Nieuwerburgh, Stijn and Veldkamp, Laura. "Information Acquisition and Portfolio Under-Diversification" WP November 2004.
FIN-04-026	Lustig, Hanno and Van Nieuwerburgh, Stijn. "Information Immobility and the Home Bias Puzzle" WP November 2004.
FIN-04-027	Inderst, Roman and Mueller, Holger. "Benefits of Broad-Based Option Pay" WP December 2004.
FIN-04-028	Inderst, Roman and Mueller, Holger. "A Lender-Based Theory of Collateral" WP December 2004.
FIN-04-028	Hochberg, Yael; Ljungqvist, Alexander and Lu, Yang. "Who You Know Matters: Venture Capital Networks and Investment Performance" WP December 2004.