Now showing items 1-5 of 5

    • Accounting for Crises 

      Nagar, Venky; Yu, Gwen Gwen (American Economic Association, 2014)
      We provide among the first empirical evidence consistent with recent macro global-game crisis models, which show that the precision of public signals can coordinate crises (e.g., Angeletos and Werning, 2006; Morris and ...
    • Cyclicality of Credit Supply: Firm Level Evidence 

      Becker, Bo; Ivashina, Victoria (Elsevier, 2013-11-25)
      Theory predicts that there is a close link between bank credit supply and the evolution of the business cycle. Yet fluctuations in bank-loan supply have been hard to quantify in the time series. While loan issuance falls ...
    • Decoding Inside Information 

      Cohen, Lauren Harry; Malloy, Christopher James; Pomorski, Lukasz (Wiley-Blackwell, 2012)
      Using a simple empirical strategy, we decode the information in insider trading. Exploiting the fact that insiders trade for a variety of reasons, we show that there is predictable, identifiable "routine" insider trading ...
    • The Disintermediation of Financial Markets: Direct Investing in Private Equity 

      Fang, Lily; Ivashina, Victoria; Lerner, Joshua (Elsevier, 2015-02-19)
      We examine twenty years of direct private equity investments by seven large institutions. These direct investments perform better than public market indices, especially buyout investments and those made in the 1990s. ...
    • The Stock Selection and Performance of Buy-Side Analysts 

      Groysberg, Boris; Healy, Paul M.; Serafeim, Georgios; Shanthikumar, Devin (2012-11-09)
      Prior research on equity analysts focuses almost exclusively on those employed by sell-side investment banks and brokerage houses. Yet investment firms undertake their own buy-side research, and their analysts face different ...