Research Output 1978 2019

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Article
2013
71 Citations (Scopus)

Why are US firms using more short-term debt?

Custódio, C., Ferreira, M. A. & Laureano, L., Apr 2013, In : Journal of Financial Economics. 108, 1, p. 182-212 31 p.

Research output: Contribution to journalArticle

Factors
Debt maturity
Short-term debt
Debt
Supply side
21 Citations (Scopus)

Why do hedge funds avoid disclosure? Evidence from confidential 13F filings

Aragon, G., Hertzel, M. & Shi, Z., 2013, In : Journal of Financial and Quantitative Analysis. 48, 5, p. 1499-1518 20 p.

Research output: Contribution to journalArticle

Hedge funds
Disclosure
Managers
Transparency
Advisors
2012
29 Citations (Scopus)

A unique view of hedge fund derivatives usage: Safeguard or speculation?

Aragon, G. & Spencer Martin, J., Aug 2012, In : Journal of Financial Economics. 105, 2, p. 436-456 21 p.

Research output: Contribution to journalArticle

Hedge funds
Derivatives
Safeguards
Speculation
Benchmark
78 Citations (Scopus)

Hedge funds as liquidity providers: Evidence from the Lehman bankruptcy

Aragon, G. & Strahan, P. E., Mar 2012, In : Journal of Financial Economics. 103, 3, p. 570-587 18 p.

Research output: Contribution to journalArticle

Bankruptcy
Hedge funds
Liquidity
Funding
Market liquidity
28 Citations (Scopus)

Industry contagion in loan spreads

Hertzel, M. & Officer, M. S., Mar 2012, In : Journal of Financial Economics. 103, 3, p. 493-506 14 p.

Research output: Contribution to journalArticle

Loans
Industry
Contagion
Bankruptcy
Market share
4 Citations (Scopus)

Infrequent Housing Adjustment, Limited Participation, and Monetary Policy

Ghent, A., Aug 2012, In : Journal of Money, Credit and Banking. 44, 5, p. 931-955 25 p.

Research output: Contribution to journalArticle

Monetary policy
Limited participation
Residential investment
Wages
Housing market
14 Citations (Scopus)

Large shareholder diversification, corporate risk taking, and the benefits of changing to differential voting rights

Bauguess, S. W., Slovin, M. B. & Sushka, M., Apr 2012, In : Journal of Banking and Finance. 36, 4, p. 1244-1253 10 p.

Research output: Contribution to journalArticle

Large shareholders
Corporate diversification
Voting rights
Shareholders
Risk taking
1 Citation (Scopus)

Multiple clientele influence on ex-dividend day price performance

Armstrong, V. S. & Hoffmeister, J. R., Sep 2012, In : Journal of Business Research. 65, 9, p. 1235-1242 8 p.

Research output: Contribution to journalArticle

Ex-dividend day
Clientele
Dividends
Income tax
Tax
7 Citations (Scopus)

Public market staging: The timing of capital infusions in newly public firms

Hertzel, M., Huson, M. R. & Parrino, R., Oct 2012, In : Journal of Financial Economics. 106, 1, p. 72-90 19 p.

Research output: Contribution to journalArticle

Public firm
Initial public offerings
Overinvestment
Costs
Sequential financing
39 Citations (Scopus)

The credibility of open market share repurchase signaling

Babenka, I., Tserlukevich, Y. & Vedrashko, A., Oct 2012, In : Journal of Financial and Quantitative Analysis. 47, 5, p. 1059-1088 30 p.

Research output: Contribution to journalArticle

Market share
Share repurchases
Announcement
Insider
Credibility
30 Citations (Scopus)

Tournament behavior in hedge funds: High-water marks, fund liquidation, and managerial stake

Aragon, G. & Nanda, V., Mar 2012, In : Review of Financial Studies. 25, 3, p. 937-974 38 p.

Research output: Contribution to journalArticle

Hedge funds
Liquidation
Tournament
Water
Risk-shifting
2011
37 Citations (Scopus)

Competition among mutual funds

Wahal, S. & Wang, A. Y., Jan 2011, In : Journal of Financial Economics. 99, 1, p. 40-59 20 p.

Research output: Contribution to journalArticle

Investors
Mutual funds
Incumbents
Price competition
Management fees
31 Citations (Scopus)

Conditional risk and performance evaluation: Volatility timing, overconditioning, and new estimates of momentum alphas

Boguth, O., Carlson, M., Fisher, A. & Simutin, M., Nov 2011, In : Journal of Financial Economics. 102, 2, p. 363-389 27 p.

Research output: Contribution to journalArticle

Performance evaluation
Volatility timing
Momentum
Risk evaluation
Market timing
18 Citations (Scopus)

Employee Stock Options and Investment

Babenka, I., Lemmon, M. & Tserlukevich, Y., Jun 2011, In : Journal of Finance. 66, 3, p. 981-1009 29 p.

Research output: Contribution to journalArticle

Employee stock options
Exercise
Cash
Costs
External finance
5 Citations (Scopus)

Stock market trading activity and returns around milestones

Aragon, G. & Dieckmann, S., Sep 2011, In : Journal of Empirical Finance. 18, 4, p. 570-584 15 p.

Research output: Contribution to journalArticle

Trading activity
Stock market
Price impact
Turnover
Investor decision making
2010
50 Citations (Scopus)
Stock price performance
Decomposition
Book-to-market ratio
Mispricing
Underperformance
41 Citations (Scopus)

Incentives, targeting, and firm performance: An analysis of non-executive stock options

Hochberg, Y. V. & Lindsey, L., Nov 2010, In : Review of Financial Studies. 23, 11, p. 4148-4186 39 p.

Research output: Contribution to journalArticle

Targeting
Stock options
Firm performance
Incentives
Employees
103 Citations (Scopus)

Performance and persistence in institutional investment management

Busse, J. A., Goyal, A. & Wahal, S., Apr 2010, In : Journal of Finance. 65, 2, p. 765-790 26 p.

Research output: Contribution to journalArticle

Institutional investment
Investment management
Persistence
Fama-French three-factor model
Factors
2009
23 Citations (Scopus)

Equity and cash in intercorporate asset sales: Theory and evidence

Hege, U., Lovo, S., Slovin, M. B. & Sushka, M., Feb 2009, In : Review of Financial Studies. 22, 2, p. 681-714 34 p.

Research output: Contribution to journalArticle

Asset sales
Seller
Equity
Cash
Buyers

Equity or cash? The signal sent by the way you pay

Sushka, M. & Hege, U., May 2009, In : Harvard Business Review. 87, 5

Research output: Contribution to journalArticle

Equity
Cash
41 Citations (Scopus)

Getting out early: An analysis of market making activity at the recommending analyst's firm

Juergens, J. L. & Lindsey, L., Oct 2009, In : Journal of Finance. 64, 5, p. 2327-2359 33 p.

Research output: Contribution to journalArticle

Analysts
Market making
Nasdaq
Market makers
Information sources
33 Citations (Scopus)

Inference from Streaks in random outcomes: Experimental evidence on beliefs in regime shifting and the law of small numbers

Asparouhova, E., Hertzel, M. & Lemmon, M., Nov 2009, In : Management Science. 55, 11, p. 1766-1782 17 p.

Research output: Contribution to journalArticle

Inference
Reversal
Investor sentiment
Information processing
Structural estimation
674 Citations (Scopus)

Why do U.S. firms hold so much more cash than they used to?

Bates, T., Kahle, K. M. & Stulz, R. M., Oct 2009, In : Journal of Finance. 64, 5, p. 1985-2021 37 p.

Research output: Contribution to journalArticle

Cash
Cash holdings
Economics
Cash flow
Precautionary motive
2008
115 Citations (Scopus)

Blurring firm boundaries: The role of venture capital in strategic alliances

Lindsey, L., Jun 2008, In : Journal of Finance. 63, 3, p. 1137-1168 32 p.

Research output: Contribution to journalArticle

Firm boundaries
Strategic alliances
Venture capital
Alliances
Venture capitalists
85 Citations (Scopus)

Board classification and managerial entrenchment: Evidence from the market for corporate control

Bates, T., Becher, D. A. & Lemmon, M. L., Mar 2008, In : Journal of Financial Economics. 87, 3, p. 656-677 22 p.

Research output: Contribution to journalArticle

Market for corporate control
Managerial entrenchment
Bid
Wisdom
Surplus
149 Citations (Scopus)

Building relationships early: Banks in venture capital

Hellmann, T., Lindsey, L. & Puri, M., Apr 2008, In : Review of Financial Studies. 21, 2, p. 513-541 29 p.

Research output: Contribution to journalArticle

Venture capital
Relationship building
Lending
Capital investment
Loans
168 Citations (Scopus)

Inter-firm linkages and the wealth effects of financial distress along the supply chain

Hertzel, M., Li, Z., Officer, M. S. & Rodgers, K. J., Feb 2008, In : Journal of Financial Economics. 87, 2, p. 374-387 14 p.

Research output: Contribution to journalArticle

Interfirm linkages
Wealth effect
Bankruptcy
Supply chain
Financial distress
62 Citations (Scopus)

The selection and termination of investment management firms by plan sponsors

Goyal, A. & Wahal, S., Aug 2008, In : Journal of Finance. 63, 4, p. 1805-1847 43 p.

Research output: Contribution to journalArticle

Investment management
Sponsor
Managers
Termination
Excess returns
2007
10 Citations (Scopus)

Analyzing joint ventures as corporate control activity

Slovin, M. B., Sushka, M. & Mantecon, T. P., Aug 2007, In : Journal of Banking and Finance. 31, 8, p. 2365-2382 18 p.

Research output: Contribution to journalArticle

Corporate control
Joint ventures
Asset sales
Mergers
Venture
1 Citation (Scopus)

Shareholder welfare in minority freeze-out bids: Are legal protections sufficient? Evidence from the U.S. market

Bates, T. & Linck, J. S., Mar 2007, In : CESifo DICE Report. 5, 1, p. 22-27 6 p.

Research output: Contribution to journalArticle

Bid
Shareholders
Minorities
Legal protection
151 Citations (Scopus)

Share restrictions and asset pricing: Evidence from the hedge fund industry

Aragon, G., Jan 2007, In : Journal of Financial Economics. 83, 1, p. 33-58 26 p.

Research output: Contribution to journalArticle

Industry
Asset pricing
Hedge funds
Investors
Liquidity
2006
65 Citations (Scopus)

Earnings management around employee stock option reissues

Coles, J. L., Hertzel, M. & Kalpathy, S., Apr 2006, In : Journal of Accounting and Economics. 41, 1-2, p. 173-200 28 p.

Research output: Contribution to journalArticle

Employee stock options
Earnings management
Discretionary accruals
Investors
Analysts
40 Citations (Scopus)

Portfolio performance evaluation

Aragon, G. & Ferson, W. E., 2006, In : Foundations and Trends in Finance. 2, 2, p. 83-190 108 p.

Research output: Contribution to journalArticle

Performance evaluation
Portfolio performance
Performance measures
Investment portfolio
Hedge funds
60 Citations (Scopus)

Shareholder wealth effects and bid negotiation in freeze-out deals: Are minority shareholders left out in the cold?

Bates, T., Lemmon, M. L. & Linck, J. S., Sep 2006, In : Journal of Financial Economics. 81, 3, p. 681-708 28 p.

Research output: Contribution to journalArticle

Shareholder wealth
Wealth effect
Minorities
Minority shareholders
Bid
2005
35 Citations (Scopus)

Methods of Payment in Asset Sales: Contracting with Equity versus Cash

Slovin, M. B., Sushka, M. & Polonchek, J. A., 2005, In : Journal of Finance. 60, 5, p. 1-23 23 p.

Research output: Contribution to journalArticle

Cash
Buyers
Equity
Method of payment
Asset sales
20 Citations (Scopus)

The Market Impact of Trends and Sequences in Performance: New Evidence

Durham, G. R., Hertzel, M. & Martin, J. S., 2005, In : Journal of Finance. 60, 5, p. 1-19 19 p.

Research output: Contribution to journalArticle

Market impact
Investors
Betting markets
Capital markets
Football
2004
7 Citations (Scopus)

Equity ownership and firm value: Evidence from targeted stock repurchases

Chang, S. & Hertzel, M., Jan 1 2004, In : Financial Review. 39, 3, p. 389-407 19 p.

Research output: Contribution to journalArticle

Firm value
Stock repurchases
Announcement
Equity ownership
Repurchase
2001
2 Citations (Scopus)

Competitive impact of strategic restructuring: Evidence from the telecommunications industry

Hertzel, M., Smith, J. K. & Smith, R. L., 2001, In : Industrial and Corporate Change. 10, 1, p. 207-246 40 p.

Research output: Contribution to journalArticle

Mergers
Telecommunications industry
Termination
Industry
Stock price reaction
2000
106 Citations (Scopus)

Alternative flotation methods, adverse selection, and ownership structure: Evidence from seasoned equity issuance in the U.K.

Slovin, M. B., Sushka, M. & Lai, K. W. L., Aug 2000, In : Journal of Financial Economics. 57, 2, p. 157-190 34 p.

Research output: Contribution to journalArticle

Flotation
Ownership structure
Equity issuance
Adverse selection
Placing
1999
60 Citations (Scopus)

An analysis of contagion and competitive effects at commercial banks

Slovin, M. B., Sushka, M. & Polonchek, J. A., Oct 1999, In : Journal of Financial Economics. 54, 2, p. 197-225 29 p.

Research output: Contribution to journalArticle

Competitive effect
Commercial banks
Contagion effect
Dividends
Externalities
1998
26 Citations (Scopus)

Earnings and Risk Changes around Private Placements of Equity

Hertzel, M. & Rees, L., 1998, In : Journal of Accounting, Auditing and Finance. 13, 1, p. 21-35 15 p.

Research output: Contribution to journalArticle

Private placement
Equity
Announcement
Stock prices
Price effects
19 Citations (Scopus)

The economics of parent-subsidiary mergers: An empirical analysis

Slovin, M. B. & Sushka, M., Aug 1 1998, In : Journal of Financial Economics. 49, 2, p. 255-279 25 p.

Research output: Contribution to journalArticle

Subsidiaries
Mergers
Empirical analysis
Economics
Buy-outs
3 Citations (Scopus)

Trading costs and volatility for technology stocks

Bessembinder, H. & Kaufman, H. M., Sep 1998, In : Financial Analysts Journal. 54, 5, p. 64-71 8 p.

Research output: Contribution to journalArticle

Trading costs
Nasdaq
New York Stock Exchange
Bid
Median
1997
164 Citations (Scopus)

A comparison of trade execution costs for NYSE and NASDAQ-listed stocks

Bessembinder, H. & Kaufman, H. M., Sep 1997, In : Journal of Financial and Quantitative Analysis. 32, 3, p. 287-310 24 p.

Research output: Contribution to journalArticle

Capitalization
New York Stock Exchange
Execution costs
Trading costs
Adverse selection costs
125 Citations (Scopus)

A cross-exchange comparison of execution costs and information flow for NYSE-listed stocks

Bessembinder, H. & Kaufman, H. M., Dec 1997, In : Journal of Financial Economics. 46, 3, p. 293-319 27 p.

Research output: Contribution to journalArticle

Information flow
New York Stock Exchange
Execution costs
Bid/ask spread
Market makers
47 Citations (Scopus)

The degree of price resolution and equity trading costs

Bessembinder, H., Jul 1997, In : Journal of Financial Economics. 45, 1, p. 9-34 26 p.

Research output: Contribution to journalArticle

Trading costs
Equity
Execution costs
Nasdaq
New York Stock Exchange
1996
121 Citations (Scopus)

An empirical examination of information, differences of opinion, and trading activity

Bessembinder, H., Chan, K. & Seguin, P. J., Jan 1996, In : Journal of Financial Economics. 40, 1, p. 105-134 30 p.

Research output: Contribution to journalArticle

Trading activity
Open interest
Divergence
Information flow
Equity
51 Citations (Scopus)

Is there a term structure of futures volatilities? Reevaluating the Samuelson hypothesis

Bessembinder, H., Coughenour, J. F., Seguin, P. J. & Smoller, M. M., Dec 1 1996, In : Journal of Derivatives. 4, 2, p. 45-58 14 p.

Research output: Contribution to journalArticle

Term structure
Price changes
Information flow
Empirical evidence
Financial assets
1995
99 Citations (Scopus)

A comparison of the information conveyed by equity carve-outs, spin-offs, and asset sell-offs

Slovin, M. B., Sushka, M. & Ferraro, S. R., 1995, In : Journal of Financial Economics. 37, 1, p. 89-104 16 p.

Research output: Contribution to journalArticle

Equity carve-outs
Spin-offs
Sell-offs
Managers
Assets
162 Citations (Scopus)

The profitability of technical trading rules in the Asian stock markets

Bessembinder, H. & Chan, K., 1995, In : Pacific-Basin Finance Journal. 3, 2-3, p. 257-284 28 p.

Research output: Contribution to journalArticle

Asian stock markets
Technical trading rules
Profitability
Asia
Taiwan