The department prides itself in providing a vibrant research atmosphere characterized by extensive collaboration and a shared goal of excelling through the production of cutting-edge research. For complete information on publications and impact, please refer to each faculty member’s profile.

Research Highlights

  • Forthcoming Papers

    Finance Department Forthcoming Publications

    • Ulf Brüggemann, Aditya Kaul, Christian Leuz, Ingrid M. Werner, The Twilight Zone: OTC Regulatory Regimes and Market Quality, The Review of Financial Studies, forthcoming. 
    • Michael Schwert, Bank Capital and Lending Relationships, Journal of Finance, forthcoming.

    • Li, X., Low, A., Makhija, A. 2017. Career concerns and the busy life of the young CEO. Journal of Corporate Finance, 47, 88-109, forthcoming 

    • Michael Weisbach with Taylor D. Nadauld, Berk A. Sensoy and Keith P. Vorkink. The Liquidity Cost of Private Equity Investments:  Evidence from Secondary Market Transactions, Journal of Financial Economics, forthcoming. 
    • Thein Nguyen, Government Debt and the Returns to Innovation, Journal of Financial Economics, forthcoming.

    • Xiaoji Lin with Chong Wang, Neng Wang, and Jinqiang Yang. Investment, Tobin's q, and Interest RatesForthcoming Journal of Financial Economics, forthcoming
    • Xiaoji Lin with Frederico Belo, Jun Li, and Xiaofei Zhao, Labor-Force Heterogeneity and Asset Prices: The Importance of Skilled Labor, Review of Financial Studies, forthcoming. 
    • Itzhak Ben-David, Ajay Palvia, and Chester Spatt, Banks’ Internal Capital Markets and Deposit Rates, Journal of Financial and Quantitative Analysis, forthcoming
    • David T. Robinson and Berk Sensoy, Cyclicality, Performance Measurement, and Cash Flow Liquidity in Private Equity”, Journal of Financial Economics, forthcoming.
    • Nicole Boyson, Rüdiger Fahlenbrach, and René Stulz, Why Don’t All Banks Practice Regulatory Arbitrage? Evidence from the Usage of Trust Preferred Securities, Review of Financial Studies, forthcoming.
    • Claudio Loderer, René Stulz and Urs Walchli, Firm Rigidities and the Decline of Growth Opportunities, Management Science, forthcoming.
    • Justin Birru, Day of the Week and the Cross-Section of Returns, Journal of Financial Economics, Forthcoming
    • Itzhak Ben-David, Justin Birru, and Andrea Rossi, Trading Skill: Evidence from Trades of Corporate Insiders in Their Personal Portfolios, Journal of Financial Economics, Forthcoming
    • Michael Weisbach, Yihui Pan and Tracy Yue Wang, How Management Risk Affects Corporate Debt, Review of Financial Studies, forthcoming.
    • Itzhak Ben-David, Justin Birru, and Viktor Prokopenya, Uninformative Feedback and Risk Taking, Review of Finance, forthcoming.

    • Brian Baugh, Itzhak Ben-David, and Hoonsuk Park, Can Taxes Shape an Industry? Evidence from the Implementation of the “Amazon Tax”, Journal of Finance, forthcoming.

    • Isil Erel, Serdar Dinc and Rose Liao, Fire Sale Discount: Evidence from the Sale of Minority Equity Stakes, Journal of Financial Economics, forthcoming.  

    • Agarwal, Sumit, and Itzhak Ben-David, Loan Prospecting and the Loss of Soft Information, Journal of Financial Economics, forthcoming.

    • Jack Bao and Kewei Hou, De Facto Seniority, Credit Risk, and Corporate Bond Prices, Review of Financial Studies, forthcoming.

  • Recent Publications

    Finance Department Publications


    • Michael Schwert, Municipal Bond Liquidity and Default Risk, Journal of Finance (2017), 72(4), 1683-1722.

    • Jongha Lim, Anil Makhija, and Oded Shenkar, The Asymmetric Relationship between National Cultural Distance and Target Premiums in Cross-border M&As, Journal of Corporate Finance, 41, 542-571.
    • Sabrina Buti, Barbara Rindi and Ingrid M. Werner, Dark Pool Trading Strategies, Market Quality and Welfare, Journal of Financial Economics, 2017, vol. 124, issue 2, 244-265 
    • Theodore P. Beauchaine, Itzhak Ben-David, and Aner Sela, Attention-deficit/Hyperactivity Disorder, Delay Discounting, and Risky Financial Behaviors: A Preliminary Analysis of Self-report Data, PLoS One, 12(5), e0176933.
    • Sumit Agarwal, Gene Amromin, Itzhak Ben-David, Souphala Chomsisengphet, Tomasz Piskorski, and Amit Seru, Policy Intervention in Debt Renegotiation: Evidence from the Home Affordable Modification Program, Journal of Political Economy, 125(3), 654–712.
    • Sumit Agarwal, Itzhak Ben-David, and Vincent Yao, Systematic Mistakes of Borrowers in the Mortgage Market, Journal of Financial Economics, 123(1), 42–58.

    • Bennett, Benjamin, J. Carr Bettis, Radhakrishnan Gopalan and Todd Milbourn. Compensation goals and firm performance. Journal of Financial Economics 124, no. 2 (2017): 307-330. 


    • Justin Birru with Baolian Wang, Nominal Price Illusion, Journal of Financial Economics, 119 (3), 578-598, 2016.
    • Kewei Hou and Roger Loh, Have We Solved the Idiosyncratic Volatility Puzzle? Journal of Financial Economics, 121 (1), 167-194, (2016).
    • Jack Favilukis and Xiaoji Lin, Does Wage Rigidity Make Firms Riskier? Evidence from Long-Horizon Return Predictability, Journal of Monetary Economics, 78, 67-79, 2016.
    • Jack Favilukis and Xiaoji Lin, Wage Rigidity: A Quantitative Solution to Several Asset Pricing Puzzles, Review of Financial Studies, 29 (1), 148-192, 2016.
    • Bernadette A. Minton and Catherine Schrand, Institutional Investments in Pure Play Stocks and Implications for Hedging Decisions, Journal of Corporate Finance, 37, 131-152.
    • Jongha Lim, Berk Sensoy, and Michael S. Weisbach, Indirect Incentives of Hedge Fund Managers, Journal of Finance, 71 (2), 871-918, 2016.
    • Asli M. Arikan and René M. Stulz, Corporate Acquisitions, Diversification, and the Firm's Lifecycle, Journal of Finance, 71 (1), 139-194, 2016
    • Lee Pinkowitz, René M. Stulz, and Rohan Williamson, Do U.S. Firms Hold More Cash than Foreign Firms?, Review of Financial Studies, 29 (2), 309-348.
    • Yihui Pan, Tracy Yue Wang and Michael S. Weisbach, CEO Investment Cycles, Review of Financial Studies.



  • Working Papers

    Working papers and their respective abstracts can be viewed and downloaded from the Dice Center's working papers area:

    Working Papers