Finance

Finance Faculty

Bartley Danielsen Google Scholar
Jesse Ellis Web  — Google Scholar
Srinivasan Krishnamurthy Web  — Google Scholar
Karlyn MitchellGoogle Scholar
Jared Smith
Mark Walker Web  — Google Scholar
Richard Warr Web  — Google Scholar
Qingqing Wu  —  Google Scholar

The Financial Review:   The Financial Review Journal Home Page

Research

Forthcoming articles

The Propensity to Split and CEO Compensation
E. Devos, W. Elliott, Richard S. Warr
Financial Management, Forthcoming.

Hedge Fund Boards and the Market for Independent Directors
C. Clifford, Jesse Ellis, W. Gerken
Journal of Financial and Quantitative Analysis, Forthcoming.

Playing Favorites? Industry Expert Directors in Diversified Firms
C.E. Fee, Jesse Ellis, S. Thomas
Journal of Financial and Quantitative Analysis, Forthcoming.

Portable Country Governance and Cross-Border Acquisitions
Jesse Ellis, S. Moeller, F. Schlingemann, R. Stulz
Journal of International Business Studies, Forthcoming.

2016

U.S. Political Corruption and Firm Financial Policies
Jared D. Smith
Journal of Financial Economics: 121, 350-367.

Efficiency and Market Power Gains in Bank Megamergers: Evidence from Value Line Forecasts
E. Devos, Srinivasan Krishnamurthy
Financial Management 45: 1011-1039.

Credibility and Multiple SEOs: What Happens When Firms Return to the Capital Markets?
Mark D. Walker, K. Yost, J. Zhao
Financial Management 45: 675-703.

2015

Employee-Management Trust and M&A Activity
L. Bargeron, K. Lehn, Jared D. Smith
Journal of Corporate Finance
35: 389-406.

The Value of Funds of Hedge Funds: Evidence from Their Holdings
A. Aiken, C. Clifford, Jesse Ellis
Management Science 61: 2415-2429.

Bank Dependency and Banker Directors
Karlyn Mitchell
Managerial Finance 41: 825-844.

School Choice and Housing Values: Premiums in Districts Lacking Public Schools
S. Cannon, Bartley R. Danielsen, D. M. Harrison
Journal of Housing Research 24: 1-20.

CEO Assessment and the Structure of Newly Formed Boards
D. J. Denis, D. K. Denis, Mark D. Walker
Review of Financial Studies 28: 3338-3366.

School Choice Programs: The Impacts on Housing Values
Bartley R. Danielsen, J. C. Fairbanks, J. Zhao
Journal of Real Estate Literature 23: 207-232.

It Makes a Village: Residential Relocation after Charter School Admission
Bartley R. Danielsen, D. M. Harrison, J. Zhao
Real Estate Economics 42: 1008-1041.

Hedge Funds and Discretionary Liquidity Restrictions
A. Aiken, C. Clifford, Jesse Ellis
Journal of Financial Economics 116: 197-218.

CEO Opportunism?: Option Grants and Stock Trades around Stock Splits
E. Devos, W. Elliott, Richard S. Warr
Journal of Accounting and Economics 60: 18–35.

2014

Liquidity, Accounting Transparency, and the Cost of Capital: Evidence from Real Estate Investment Trusts
Bartley R. Danielsen, D. Harrison, R. Van Ness, Richard S. Warr
Journal of Real Estate Research 36: 221-251.

Capital Structure, Equity Mispricing and Stock Repurchases
A. Bonaime, O. Oztekin, Richard S. Warr
Journal of Corporate Finance 26: 182–200.

2013

Out of the Dark: Hedge Fund Reporting Biases and Commercial Databases
A. Aiken, C. Clifford, Jesse Ellis
Review of Financial Studies 26: 208-243.
– Abstracted in CFA Digest, February 2013, Vol. 43, No. 1.

The Effect of Tougher Enforcement on Foreign Firms: Evidence from the Adelphia Perp Walk
C. R. Knoeber, Mark D. Walker
Journal of Corporate Finance 23: 382-394.

On Political Connectedness and the Arrest of Ivan Boesky
C. R. Knoeber, Mark D. Walker
Public Choice 157: 41-50.

A First Look at Mutual Funds that use Short Sales
H. Chen, H. Desai, Srinivasan Krishnamurthy
Journal of Financial and Quantitative Analysis 48: 761 – 787.

2012

Proprietary Costs and the Disclosure of Information about Customers
Jesse Ellis, C. E. Fee, S. Thomas
Journal of Accounting Research 50: 685-727.

Equity Mispricing and Leverage Adjustment Costs
Richard S. Warr, W. B. Elliott, J. Koëter-Kant, O. Oztekin
Journal of Financial and Quantitative Analysis 47: 589–616.

Short selling of ADRs and Foreign Market Short-Sale Constraints
B. Blau, R. Van Ness, Richard S. Warr
Journal of Banking and Finance 36: 886–897.

Why are Firms Unlevered?
E. Devos, U. Dhillon, M. Jagannathan, Srinivasan Krishnamurthy
Journal of Corporate Finance 18: 664-682.

2011

Lending Technologies, Lending Specialization and Minority Access to Small-Business Loans
Karlyn Mitchell, D. K. Pearce
Small Business Economics 37: 277-304.

The Characteristics of Firms That Hire Chief Risk Officers
D. Pagach, Richard S. Warr
Journal of Risk and Insurance 78: 185–211.

2010

Do Wall Street Economists Believe in Okun’s Law and the Taylor Rule?
Karlyn Mitchell, D. K. Pearce
Journal of Economics and Finance 34: 196-217.

2009

Single Stock Futures as a Substitute for Short Sales: Evidence from Microstructure Data
Bartley R. Danielsen, R. Van Ness, Richard Warr
Journal of Business Finance and Accounting 36: 1273-1293.

REIT Auditor Fees and Financial Market Transparency
Bartley R. Danielsen, D. M. Harrison, R. Van Ness, Richard Warr
Real Estate Economics 37: 515-557.

Idiosyncratic Risk and Dispersion of Beliefs: Merton (1987) Meets Miller (1977)
R. Boehme, Bartley R. Danielsen, P. Kumar, S. Sorescu
Journal of Financial Markets 12: 438-468.

Professional Forecasters and Okun’s Law
Karlyn Mitchell, D. K. Pearce
Journal of Musashi University 57: 25-52.

How do Mergers Create Value? A Comparison of Taxes, Market Power, and Efficiency Improvements as Explanations for Synergies
E. Devos, P. Kadapakkam, Srinivasan Krishnamurthy
Review of Financial Studies 22: 1179-1211.

2008

Estimation Risk, Information, and the Conditional CAPM: Theory and Evidence
Bartley R. Danielsen, P. Kumar, S. Sorescu, R. Boehme
Review of Financial Studies 21: 1037-1075.

Seasoned Equity Offerings: What Firms Say, Do, and How the Market Reacts
Mark D. Walker, K. Yost
Journal of Corporate Finance 14: 376-386.

The Information Conveyed in Hiring Announcements of Senior Executives Overseeing Enterprise-Wide Risk Management Processes
M. Beasley, D. Pagach, Richard S. Warr
Journal of Accounting, Auditing and Finance 23: 311–332.

Market Timing and the Debt-Equity Choice
W. Elliott, A. Koeter, Richard S. Warr
Journal of Financial Intermediation 17: 175–197.

2007

Test for Event-Date Effects
Bartley R. Danielsen, B. Van Ness, Richard S. Warr
Journal of Financial and Quantitative Analysis 42: 1041-1062.

The Impact of Property Type Diversification on REIT Liquidity
Bartley R. Danielsen, D. M. Harrison
Journal of Real Estate Portfolio Management 13: 329-344.

Stock Split Post-Announcement Returns: Underreaction or Market Friction?
R. Boehme, Bartley R. Danielsen
Financial Review 42: 458-506.

Auditor Fees, Market Microstructure, and Informational Transparency
Bartley R. Danielsen, R. Van Ness, Richard S. Warr
Journal of Business Finance and Accounting 34: 202-221.

Professional Forecasts of Interest Rates and Exchange Rates: Evidence from The Wall Street Journal’s Panel of Economists
Karlyn Mitchell, D. K. Pearce
Journal of Macroeconomics 29: 840-854.

Corporate Governance and the Spinoff Decision
S. Ahn, Mark D. Walker
Journal of Corporate Finance 13: 76-93.

Cubes to Quads, the change from QQQ on the AMEX to QQQQ on the NASDAQ
K. Broom, R. Van Ness, Richard S. Warr
Journal of Economics and Business 59: 520–535.

A Valuation-Based Test of Market-Timing
W. Elliott, A. Koeter, Richard S. Warr
Journal of Corporate Finance 13: 112–128.

2006

Short Sale Constraints, Differences of Opinion and Overvaluation
R. Boehme, Bartley R. Danielsen, S. Sorescu
Journal of Financial and Quantitative Analysis 41: 455-487.

Can Business Economists Predict Interest Rate or Exchange Rate Movements?
Karlyn Mitchell, D. Pearce
Corporate Finance Review 10: 15-27.

What Drives the S&P 500 Inclusion Effect? An Analytical Survey
W. Elliot, B. Van Ness, Mark D. Walker, Richard S. Warr
Financial Management 35: 31-48.

LEAPS Introductions and the Value of the Underlying Stocks
L. Lundstrum, Mark D Walker
Journal of Financial Intermediation 15: 494-510.

Do Short Sellers Target Firms with Poor Earnings Quality? Evidence from Earnings Restatements
H. Desai, Srinivasan Krishnamurthy, K. Venkataraman
Review of Accounting Studies 11: 71-90.

Auditor Reputation, Auditor Independence, and the Stock Market Impact of Andersen’s Indictment on its Client Firms
Srinivasan Krishnamurthy, N. Zhou, J. Zhou
Contemporary Accounting Research 23: 465-490.