As discussed by the Association to Advance Collegiate Schools of Business (AACSB) in its 2020 Guiding Principles and Standards for Business Education, the “defining feature of quality business schools is that they are making a significant difference through educational activities, thought leadership, and engagement with external stakeholders. Quality schools create and disseminate intellectual contributions that have an impact on the theory, practice, and/or teaching of business, and have a positive impact on society.”
The Financial Times (FT) has designated a group of 50 journals which it uses to assign a FT Research Rank. The following are the list of publications by faculty recently published or forthcoming in a Journal on the FT-50 list.
Kremens, Lukas (forthcoming). “Currency Redenomination Risk,” The Journal of Financial and Quantitative Analysis
Bolton, P., Li, Ye, Wang, N., Yang, J. (forthcoming) “Dynamic Banking and the Value of Deposits,” The Journal of Finance
Laudenbach, C., and Siegel, Stephan (forthcoming) “Personal Communication in an Automated World: Evidence from Loan Repayments,” The Journal of Finance
Huang, S., Song, Yang and Hong, X., (forthcoming) “The Smart Beta Mirage,” The Journal of Financial and Quantitative Analysis
Gourier, E., Phalippou, L., Westerfield, Mark (forthcoming) “Capital Commitment,” The Journal of Finance
Dasgupta, S. Harford, Jarrad, Ma, F. (2024) “EPS Sensitivity and Mergers,” The Journal of Financial and Quantitative Analysis 59(2) pp 521-556
Choi, H., Karpoff, Jonathan (2024) “Enforcement Waves and Spillovers,” Management Science 70(2) pp 671-1342
Cho, T., Kremens, Lukas, Lee, D., Polk, C. (2024) “Scale or Yield? A Present-Value Identity,” The Review of Financial Studies 37(3) pp 950-988
Fich, E., Harford, Jarrad, Tran, A. (2023) “Disloyal Managers and Shareholders’ Wealth,” The Review of Financial Studies 36(5) pp 1837-1888
Griffin, J., and Nickerson, Jordan (2023) “Are CLO Collateral and Trance Ratings Disconnected?” The Review of Financial Studies 36(6) pp 2319-2360
Gurun, U., Nickerson, Jordan, Solomon, D. (2023) “Measuring and Improving Stakeholder Welfare is Easier Said than Done,” The Journal of Financial and Quantitative Analysis 58(4) pp 1473-1507
Kruger, S., Maturana, G., and Nickerson, Jordan (2023) “How has COVID-19 Impacted Research Productivity in Economics and Finance?” The Review of Financial Studies 36(8) pp 3348-3381
An, Y., Benetton, M., and Song, Yang (2023) “Index Providers: Whales Behind the Scenes of ETFs,” The Journal of Financial Economics 149(3) pp 407-433
Bond, Philip, and Garcia, D. (2022) “The Equilibrium Consequences of Indexing,” The Review of Financial Studies 35(7) pp 3175-3230
Bond, Philip, and Zeng, Y. (2022) “Silence is Safest: Non-disclosure when the Audience’s Preferences are Uncertain,” The Journal of Financial Economics 145(1) pp 178-193
Dyakov, T., Harford, Jarrad, and Qiu, B. (2022) “Better Kept in the Dark? Portfolio Disclosure and Agency Problems in Mutual Funds,” The Journal of Financial and Quantitative Analysis 57(4) pp 1529-1563
Fathollahi, M., Harford, Jarrad, and Klasa, S. (2022) “Anticompetitive Effects of Horizontal Acquisitions: The Impact of Within-industry Product Similarity,” The Journal of Financial Economics 144(2) pp 645-659
Cheng, Y., Harford, Jarrad, Hutton, I., Shipe, S. (2022) “Ex Post Bargaining, Corporate Cash Holdings, and Executive Compensation,” The Journal of Financial and Quantitative Analysis 57(3) pp 957-987
Hrdlicka, Christopher (2022) “Trading Volume and Time Varying Betas,” The Review of Finance 26(1) pp 79-116
Johnson, W., Karpoff, Jonathan., and Yi, S. (2022) “The Lifecycle Effects of Corporate Takeover Defenses,” The Review of Financial Studies 35(6) pp 2879-2927
Cong, L.W., Li, Ye, and Wang, N. (2022) “Token-based Platform Finance,” The Journal of Financial Economics 144(3) pp 972-991
Pan, Y., Pikulina, E., Siegel, Stephan, and Wang, T. (2022) “Do Equity Markets Care About Income Inequality? Evidence from Pay Ratio Disclosure,” The Journal of Finance 77(2) pp 1371-1411
Lee, C.M.C., Huang, S., Song, Yang, and Xiang, H. (2022) “A Frog in Every Pan: Information Discreteness and the Lead-lag Returns Puzzle,” The Journal of Financial Economics 145(2A) pp 82-102
Ben-David, I., Li, J., Rossi, A., and Song, Yang (2022) “Ratings-Driven Demand and Systematic Price Fluctuations,” The Review of Financial Studies 35(6) pp 2790-2838
Ben-David, I., Li, J., Rossi, A., and Song, Yang (2022) “What do Mutual Fund Investors Really Care About?” The Review of Financial Studies 35(4) pp 1723-1774
Bond, Philip, and Dow, J. (2021) “Failing to Forecast Rare Events,” The Journal of Financial Economics 142(3) pp 1001-1016
Feng, Felix Zhiyu (2021) “Dynamic Compensation Under Uncertainty Shocks and Limited Commitment,” The Journal of Financial and Quantitative Analysis 56(6) pp2039-2071
Feng, Felix Zhiyu, and Westerfield, Mark (2021) “Dynamic Resource Allocation with Hidden Volatility,” The Journal of Financial Economics 140(2) pp 560-581
Duchin, R., and Harford, Jarrad (2021) “The COVID-19 Crisis and the Allocation of Capital,” The Journal of Financial and Quantitative Analysis 57(7) pp 2309-2319
Ahmad, M.F., de Bodt, E., and Harford, Jarrad (2021) “International Trade and the Propagation of Merger Waves,” The Review of Financial Studies 34(10) pp 4876-4925
Burt, A., Hrdlicka, Christopher (2021) “Where Does the Predictability from Sorting on Returns of Economically Linked Firms Come From?” The Journal of Financial and Quantitative Analysis 56(8) pp 2634-2658
Karpoff, Jonathan, Schonlau, R., and Suzuki, K. (2021) “Shareholder Perks and Firm Value,” The Review of Financial Studies 34(12) pp 5676-5722
Blouin, J., Fich, E., Rice, Edward, Tran, A. (2021) “Corporate Tax Cuts, Merger Activity, and Shareholder Wealth,” The Journal of Accounting and Economics 71(1)
de Haan, E., Song, Yang, Xie, C., and Zhu, C. (2021) “Obfuscation in Mutual Funds,” The Journal of Accounting and Economics 72(2-3)
Erel, I., Stern, Léa, Tan, C., and Weisbach, M. (2021) “Selecting Directors Using Machine Learning,” The Review of Financial Studies 34(7) pp 3226-3264
Bonaime, A., Harford, Jarrad, and Moore, D. (2020) “Payout Policy Tradeoffs and the Rise of 10b5-1 Preset Repurchase Plans,” Management Science 66(6) pp 3085-3110
Burt, A., Hrdlicka, Christopher, and Harford, Jarrad (2020) “How Much Do Directors Influence Firm Value?” The Review of Financial Studies 33(4) pp 1818-1847
Dupont, Q., and Karpoff, Jonathan (2020) “The Trust Triangle: Laws, Reputation, and Culture in Empirical Finance Research,” The Journal of Business Ethics 163(2) pp 217-238
Pan, Y., Siegel, Stephan, and Wang, T. (2020) “The Cultural Origin of CEOs’ Attitudes toward Uncertainty: Evidence from Corporate Acquisitions,” The Review of Financial Studies 33(7) pp 2977-3030
Song, Yang (2020) “The Mismatch Between Mutual Fund Scale and Skill,” The Journal of Finance 75(5) pp 2555-2589
Harford, Jarrad, Jiang, F., Wang, R. and Xie, F. (2019) “Analyst Career Concerns, Effort Allocation, and Firms’ Information Environment,” The Review of Financial Studies 32(6) pp 2179-2224
Harford, Jarrad, Stanfield, J., and Zhang, F. (2019) “Do Insiders Time Management Buyouts and Freezeouts to Buy Undervalued Targets,” The Journal of Financial Economics 131(1) pp 206-231
Harford, Jarrad, Martos-Vila, M., and Rhodes-Kropf, M. (2019) “Financial vs. Strategic Buyouts,” The Journal of Financial and Quantitative Analysis 54 (6) pp 2635-2661
Chen, Z., Harford, Jarrad, and Kamara, Avraham (2019) “Operating Leverage, Profitability, and Capital Structure,” The Journal of Financial and Quantitative Analysis 54(1) pp 369-392
Harford, Jarrad, Schonlau, R., and Stanfield, J. (2019) “Trade Relationships, Indirect Economic Links, and Mergers,” Management Science 65(7) pp 3085-3110
Kremens, Lukas, and Martin, I. (2019) “The Quanto Theory of Exchange Rates,” The American Economic Review 109(3) pp 810-843
Andersen, L., Duffie, D., and Song, Yang (2019) “Funding Value Adjustments,” The Journal of Finance 74(1) pp 145-192