NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Working Papers by Jeremy C. Stein

Contact and additional information for this authorAll NBER papers and publicationsNBER Working Papers onlyInformation about this author at RePEc

Working Papers

July 2014Banks as Patient Fixed-Income Investors
with Samuel G. Hanson, Andrei Shleifer, Robert W. Vishny: w20288
November 2012Dollar Funding and the Lending Behavior of Global Banks
with Victoria Ivashina, David S. Scharfstein: w18528
March 2011Monetary Policy as Financial-Stability Regulation
w16883

Published: “Monetary Policy as Financial-Stability Regulation,” Quarterly Journal of Economics, 127, February 2012, pp. 57-95.

June 2008A Gap-Filling Theory of Corporate Debt Maturity Choice
with Robin Greenwood, Samuel Hanson: w14087

Published: Robin Greenwood & Samuel Hanson & Jeremy C. Stein, 2010. "A Gap-Filling Theory of Corporate Debt Maturity Choice," Journal of Finance, American Finance Association, vol. 65(3), pages 993-1028, 06. citation courtesy of

February 2008Do Hedge Funds Profit From Mutual-Fund Distress?
with Joseph Chen, Samuel Hanson, Harrison Hong: w13786
September 2007Conversations Among Competitors
w13370

Published: Jeremy C. Stein, 2008. "Conversations among Competitors," American Economic Review, American Economic Association, vol. 98(5), pages 2150-62, December. citation courtesy of

December 2005Investor Sentiment and Corporate Finance: Micro and Macro
with Owen A. Lamont: w11882

Published: Lamont, Owen A. and Jeremy C. Stein. "Investor Sentiment And Corporate Finance: Micro And Macro," American Economic Review, 2005, v95(4,Sep), 147-151. citation courtesy of

August 2005Academic Freedom, Private-Sector Focus, and the Process of Innovation
with Philippe Aghion, Mathias Dewatripont: w11542

Published: Philippe Aghion & Mathias Dewatripont & Jeremy C. Stein, 2008. "Academic freedom, private-sector focus, and the process of innovation," RAND Journal of Economics, RAND Corporation, vol. 39(3), pages 617-635. citation courtesy of

July 2005The Only Game in Town: Stock-Price Consequences of Local Bias
with Harrison Hong, Jeffrey D. Kubik: w11488

Published: Hong, Harrison, Jeffrey D. Kubik and Jeremy C. Stein. “The Only Game in Town: The Stock Price Consequences of Local Bias.” Journal of Financial Economics 90 (2008): 20-37. citation courtesy of

December 2004Corporate Financing Decisions When Investors Take the Path of Least Resistance
with Malcolm Baker, Joshua Coval: w10998

Published: Baker, Malcolm, Joshua Coval and Jeremy Stein. “Corporate Financing Decisions When Investors Take the Path of Least Resistance.” Journal of Financial Economics 84, 2 (2007): 266-298. citation courtesy of

Growth vs. Margins: Destabilizing Consequences of Giving the Stock Market What it Wants
with Philippe Aghion: w10999
February 2004Why Are Most Funds Open-End? Competition and the Limits of Arbitrage
w10259

Published: Stein, Jeremy C. "Why Are Most Funds Open-end? Competition And The Limits Of Arbitrage," Quarterly Journal of Economics, 2005, v120(1,Feb), 247-272. citation courtesy of

January 2004Aggregate Short Interest and Market Valuations
with Owen A. Lamont: w10218

Published: Lamont, Owen A. and Jeremy C. Stein. "Aggregate Short Interest And Market Valuations," American Economic Review, 2004, v94(2,May), 29-32. citation courtesy of

October 2003Simple Forecasts and Paradigm Shifts
with Harrison Hong: w10013

Published: Hong, Harrison, Jeremy C. Stein and Jialin Yu. “Simple Forecasts and Paradigm Shifts." Journal of Finance 62 (2007): 1207-1242. citation courtesy of

May 2003The Neighbor's Portfolio: Word-of-Mouth Effects in the Holdings and Trade of Money Managers
with Harrison Hong, Jeffrey D. Kubik: w9711

Published: Hong, Harrison, Jeffrey D. Kubik and Jeremy C. Stein. “Thy Neighbor’s Portfolio: Word-of-Mouth Effects in the Holdings and Trades of Money Managers." Journal of Finance 60 (2005): 2801-2824. citation courtesy of

February 2002Market Liquidity as a Sentiment Indicator
with Malcolm Baker: w8816

Published: Baker, Malcolm & Stein, Jeremy C., 2004. "Market liquidity as a sentiment indicator," Journal of Financial Markets, Elsevier, vol. 7(3), pages 271-299, June. citation courtesy of

January 2002When Does the Market Matter? Stock Prices and the Investment of Equity-Dependent Firms
with Malcolm Baker, Jeffrey Wurgler: w8750

Published: Baker, Malcolm, Jeremy C. Stein and Jeffrey Wurgler. "When Does The Market Matter? Stock Prices And The Investment Of Equity-Dependent Firms," Quarterly Journal of Economics, 2003, v118(3,Aug), 969-1006. citation courtesy of

Does Function Follow Organizational Form? Evidence From the Lending Practices of Large and Small Banks
with Allen N. Berger, Nathan H. Miller, Mitchell A. Petersen, Raghuram G. Rajan: w8752

Published:

July 2001Social Interaction and Stock-Market Participation
with Harrison Hong, Jeffrey D. Kubik: w8358

Published: Hong, Harrison, Jeffrey D. Kubik and Jeremy C. Stein. "Social Interaction And Stock-Market Participation," Journal of Finance, 2004, v59(1,Feb), 137-163. citation courtesy of

June 2001Agency, Information and Corporate Investment
w8342

Published: Stein, Jeremy C., 2003. "Agency, information and corporate investment," Handbook of the Economics of Finance, in: G.M. Constantinides & M. Harris & R. M. Stulz (ed.), Handbook of the Economics of Finance, edition 1, volume 1, chapter 2, pages 111-165 Elsevier.

March 2001Breadth of Ownership and Stock Returns
with Joseph Chen, Harrison Hong: w8151

Published: Chen, Joseph, Harrison Hong and Jeremy C. Stein. "Breadth Of Ownership And Stock Returns," Journal of Financial Economics, 2002, v66(2-3,Nov-Dec), 171-205. citation courtesy of

May 2000Forecasting Crashes: Trading Volume, Past Returns and Conditional Skewness in Stock Prices
with Joseph Chen, Harrison Hong: w7687

Published: Chen, Joseph, Harrison Hong and Jeremy C. Stein. "Forecasting Crashes: Trading Volume, Past Returns, And Conditional Shewness In Stock Prices," Journal of Financial Economics, 2001, v61(3,Sep), 345-381. citation courtesy of

Information Production and Capital Allocation: Decentralized vs. Hierarchical Firms
w7705

Published: Stein, Jeremy C. "Information Production And Capital Allocation: Decentralized Versus Hierarchical Firms," Journal of Finance, 2002, v57(5,Oct), 1891-1921.

October 1999Differences of Opinion, Rational Arbitrage and Market Crashes
with Harrison Hong: w7376

Published: Hong, Harrison and Jeremy C. Stein. "Differences Of Opinion, Short-Sales Constraints, And Market Crashes," Review of Financial Studies, 2003, v16(2,Summer), 487-525.

February 1999Banks as Liquidity Providers: An Explanation for the Co-Existence of Lending and Deposit-Taking
with Anil K. Kashyap, Raghuram Rajan: w6962

Published:

May 1998Bad News Travels Slowly: Size, Analyst Coverage and the Profitability of Momentum Strategies
with Harrison Hong, Terence Lim: w6553

Published: Hong, Harrison, Terence Lim and Jeremy C. Stein. "Bad News Travels Slowly: Size, Analyst Coverage, And The Profitability Of Momentum Strategies," Journal of Finance, 2000, v55(1,Feb), 265-295. citation courtesy of

December 1997A Unified Theory of Underreaction, Momentum Trading and Overreaction in Asset Markets
with Harrison Hong: w6324

Published: Hong, Harrison and Jeremy C. Stein. "A Unified Theory Of Underreaction, Momentum Trading, And Overreaction In Asset Markets," Journal of Finance, 1999, v54(6,Dec), 2143-2184. citation courtesy of

June 1997What Do a Million Banks Have to Say About the Transmission of Monetary Policy?
with Anil K Kashyap: w6056

Published: Kashyap, Anil K. and Jeremy C. Stein. "What Do A Million Observations On Banks Say About The Transmission Of Monetary Policy?," American Economic Review, 2000, v90(3,Jun), 407-428.

March 1997Leverage and House-Price Dynamics in U.S. Cities
with Owen Lamont: w5961

Published: RAND Journal of Economics, Vol. 30, no. 3 (Autumn 1999): 498-514. citation courtesy of

The Dark Side of Internal Capital Markets: Divisional Rent-Seeking and Inefficient Investment
with David S. Scharfstein: w5969

Published: Scharfstein, David S. and Jeremy C. Stein. "The Dark Side Of Internal Capital Markets: Divisional Rent-Seeking And Inefficient Investment," Journal of Finance, 2000, v55(6,Dec), 2537-2564. citation courtesy of

March 1996Rational Capital Budgeting in an Irrational World
w5496

Published: Journal of Business, vol.69, no.4, October 1996, pp. 429-455. citation courtesy of

January 1996Risk Management, Capital Budgeting and Capital Structure Policy for Financial Institutions: An Integrated Approach
with Kenneth A. Froot: w5403

Published: Journal of Financial Economics (1998). citation courtesy of

August 1995An Adverse Selection Model of Bank Asset and Liability Management with Implications for the Transmission of Monetary Policy
w5217

Published: RAND Journal of Economics, Vol. 29, no. 3 (Autumn 1998), pp. 466-486. citation courtesy of

May 1995Internal Capital Markets and the Competition for Corporate Resources
w5101

Published: Journal of Finance, vol.52, no.1, March 1997, pp.111-133. citation courtesy of

August 1994The Impact of Monetary Policy on Bank Balance Sheets
with Anil K Kashyap: w4821

Published: Carnegie-Rochester Conference Series on Public Policy, 42, 1995, pp. 151-19 5. citation courtesy of

June 1994Internal versus External Capital Markets
with Robert H. Gertner, David S. Scharfstein: w4776

Published: Quarterly Journal of Economics, vol CIX, pp 1211-1230, Nov 1994 citation courtesy of

Waves of Creative Destruction: Customer Bases and the Dynamics of Innovation
w4782

Published: Stein, Jeremy C. "Waves Of Creative Destruction: Firm-Specific Learning-By-Doing And The Dynamics Of Innovation," Review of Economic Studies, 1997, v64(219,Apr), 265-288.

May 1993Prices and Trading Volume in the Housing Market: A Model with Downpayment Effects
w4373

Published: Quarterly Journal of Economics, May 1995, pp. 379-406. citation courtesy of

April 1993Monetary Policy and Bank Lending
with Anil Kashyap: w4317

Published:

November 1992Credit Conditions and the Cyclical Behavior of Inventories: A Case Studyof the 1981-82 Recession
with Anil K Kashyap, Owen A. Lamont: w4211

Published: Quarterly Journal of Economics, 1994, vol CIX, no 3, pp 566-592

May 1992Risk Management: Coordinating Corporate Investment and Financing Policies
with Kenneth A. Froot, David S. Scharfstein: w4084

Published:

  • Journal of Finance, December 1993, vol 48, 1629-1658 citation courtesy of
  • The Theory of Corporate Finance, M.J. Brennan, from the series The International Library of Critical Writings in Financial Economcics, R. Roll, editor, 1995.

March 1992Monetary Policy and Credit Conditions: Evidence From the Composition of External Finance
with Anil K Kashyap, David W. Wilcox: w4015

Published: American Economic Review, Volume 83, Issue 1, 1993, p. 78-98 citation courtesy of

Convertible Bonds as "Back Door" Equity Financing
w4028

Published: Journal of Financial Economics, vol 32, no. 2 pp. 3-21 (August 1992) citation courtesy of

February 1992Exchange Rates and Foreign Direct Investment: An Imperfect Capital Markets Approach
with Kenneth A. Froot: w2914

Published: The Quarterly Journal of Economics, Vol. CVI, No. 427, Iss. 4, pp. 1191-121 7, (November 1991). citation courtesy of

May 1991The Evolution of Buyout Pricing and Financial Structure
with Steven N. Kaplan: w3695

Published: Quarterly Journal of Economics, Vol. CVIII, Issue 2, pp. 313-357, (May 1993).

February 1991Shareholder Trading Practices and Corporate Investment Horizons
with Kenneth A. Froot, Andre F. Perold: w3638

Published: Journal of Applied Corporate Finance, Volume 5, pp. 42-58 Summer 1992 citation courtesy of

June 1990How Risky is the Debt in Highly Leveraged Transactions? Evidence from Public Recapitalizations
with Steven N. Kaplan: w3390

Published: "How Risky is the Debt in Highly Leveraged Transactions?" From Journal of Financial Economics, Vol. 27, No. 1, pp. 215-245, (October 1990).

March 1990LDC Debt: Forgiveness, Indexation, and Investment Incentives
with Kenneth A. Froot, David S. Scharfstein: w2541

Published: "LDC Debt: Forgiveness, Indexation, and Investment Incentives." From Journal of Finance, Vol. 44, No. 5, pp. 1335-1350, (December 1989). citation courtesy of

February 1990Herd on the Street: Informational Inefficiencies in a Market with Short-Term Speculation
with Kenneth A. Froot, David S. Scharfstein: w3250

Published: Journal of Finance, Vol. 47, pp. 1461-84 September 1992 citation courtesy of

Contact and additional information for this authorAll NBER papers and publicationsNBER Working Papers onlyInformation about this author at RePEc

 
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