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Summaries of finance papers
NEW!!! Mini Summaries (glorified abstracts) from past FinanceProfessor.com newsletters! GREAT for class. Note some links are no longer valid as once the articles are publish in paper format, some journals remove the link. However, that said, the links are stil worth your time! Great way to stay abreast of what is going on!
LONGER Summaries (most are two to three pages. Disclaimer: The majority of these summaries are not author approved. They are basically for my own classroom and research use but will likely be useful to others as well. Of course, I recommend that for actual class usage as well as for citation in any research you read the actual article for yourself as well. Asquith and Mullins 1986 is a classic paper on security issuance Amihud and Mendelson 1986 on the bid-ask spread Ball 1994 One of my two favorite articles on efficient markets. Fama has the other. Barclay and Smith 1995 High growth firms have shorter debt maturities. Good article! Billett and Mauer 1998 This provides an excellent discussion of tracking stock. Brannen 1993 On the (ir)rationality of people. Brav and Gompers 1997 Myth or reality of the Long-Run Underperformance of IPOs (venture capital backed or not). Brickley, Coles, and Jarrell 1994 On the separation of CEO and Chairman positions Brickley, Smith, and Zimmerman 1999 On organizational structure. I will read anything by these authors. Comment and Jarrell 1995 On corporate focus and the end of what Pater Lynch calls "deworsifcation" Fama 1991 Efficient Capital Markets II Yet another classic. Long but worthwhile! Fama and French 1998- on divdends, debt, and taxes-the results may surprise you! Klein, Crawford, and Alchian 1978 A classic! Loughran and Vijh 1997 Who said acquistions are always good for target shareholders? Oh wait, many people did. Lowry and Shu 2002-a quick review of the paper that finds underpricing increases with riskof litigation Haley and Palepu 1995 A fun article on the challenges of communicating with investors. Jensen 1993 The classic second Industrial Revloution paper/speech. Jensen and Murphy 1990 The executive compensation classic that pushed pay for performance. Kaplan 1994 Investigates differences in US and Japanese executive compensation and boards of directors. Murphy 1998 While only a working paper, we have a new standard in the executive compenstion field! Nohel and Tarhan 1998 Stock repurchases are good news because they reduce the free cash flow problem. Pagano, Penetta, and Zingales 1998 Why do firms go public? An interesting look at why Italian firms go public. Petersen and Rajan 1994 paper on lending relationships at banks Ritter/Welch JF 2002--Your starting point for IPO research! Seyhun 1986 Insider Trading paper Smith and Wakeman 1985 On the Determinants of leasing. I will read anything by Smith. Great teacher! Stein 1992 My favorite paper on Convertible Bonds Stoll 1989 paper on what makes up the Bid-Ask spread Vankatesh 1989 paper on signaling aspects of dividends Welch paper on Why Banks get top priority Whited 1992 paper on how financial distress can influence investments Womack 1996 Do analysts earn their keep? Find out! Yermack 1997 Looks at the return around
CEO option grants. Remember people are Remms! Stay tuned I am regularly adding more... Summaries are copyrighted 1999 by Jim Mahar can be linked to and used in class but please do not sell or copy directly to your site.. |