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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  Note some links are no longer valid as once the articles are publish in paper format, some journals remove the link.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...
If you would like to contribute your own papers, please email me at jimmahar@yahoo.com
 

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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..