NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Working Papers by Randall Morck

Contact and additional information for this authorAll papers and publicationsWorking Papers onlyWorking Papers with publication info

Working Papers

January 2014Powerful Independent Directors
with Kathy Fogel, Liping Ma: w19809
December 2013Business Groups in the United States: A Revised History of Corporate Ownership, Pyramids and Regulation, 1930-1950
with Eugene Kandel, Konstantin Kosenko, Yishay Yafeh: w19691
September 2013Productivity Growth and Stock Returns: Firm- and Aggregate-Level Analyses
with Hyunbae Chun, Jung-Wook Kim: w19462
May 2013R-squared and the Economy
with Bernard Yeung, Wayne Yu: w19017
April 2013State-controlled Banks and the Effectiveness of Monetary Policy
with M. Deniz Yavuz, Bernard Yeung: w19004
February 2013Incentives and Outcomes: China’s Environmental Policy
with Jing Wu, Yongheng Deng, Jun Huang, Bernard Yeung: w18754
May 2012Family Ties, Inheritance Rights, and Successful Poverty Alleviation: Evidence from Ghana
with Edward Kutsoati: w18080
December 2011Capitalizing China
with Joseph Fan, Bernard Yeung: w17687
March 2011Finance and Governance in Developing Economies
w16870
Monetary and Fiscal Stimuli, Ownership Structure, and China's Housing Market
with Yongheng Deng, Jing Wu, Bernard Yeung: w16871
Adoptive Expectations: Rising Sons in Japanese Family Firms
with Vikas Mehrotra, Jungwook Shim, Yupana Wiwattanakantang: w16874
January 2011Economics, History, and Causation
with Bernard Yeung: w16678
November 2010Shareholder Democracy in Canada
w16558
October 2010Agency Problems and the Fate of Capitalism
with Bernard Yeung: w16490
September 2010Must Love Kill the Family Firm?
with Vikas Mehrotra, Jungwook Shim, Yupana Wiwattanakantang: w16340
April 2010The Shanxi Banks
with Fan Yang: w15884
March 2010Information, analysts, and stock return comovement
with Allaudeen Hameed, Jianfeng Shen, Bernard Yeung: w15833
December 2009Banking System Control, Capital Allocation, and Economy Performance
with M. Deniz Yavuz, Bernard Yeung: w15575
June 2009Never Waste a Good Crisis: An Historical Perspective on Comparative Corporate Governance
with Bernard Yeung: w15042
Generalized Agency Problems
w15051
April 2009The Riddle of the Great Pyramids
w14858
February 2009Characteristics of Observed Limit Order Demand and Supply Schedules for Individual Stocks
with Jung-Wook Kim, Jason Lee: w14733
January 2009Vertical Integration, Institutional Determinants and Impact: Evidence from China
with Joseph P.H. Fan, Jun Huang, Bernard Yeung: w14650
May 2008Big Business Stability and Social Welfare
with Kathy Fogel, Bernard Yeung: w14027
April 2008Innocents Abroad: The Hazards of International Joint Ventures with Pyramidal Group Firms
with Susan Perkins, Bernard Yeung: w13914
September 2007Institutions and Foreign Investment: China versus the World
with Joseph P.H. Fan, Lixin Colin Xu, Bernard Yeung: w13435
June 2007Business Groups and the Big Push: Meiji Japan's Mass Privatization and Subsequent Growth
with Masao Nakamura: w13171
April 2007Creative Destruction and Firm-Specific Performance Heterogeneity
with Hyunbae Chun, Jung-Wook Kim, Bernard Yeung: w13011
July 2006Big Business Stability and Economic Growth: Is What's Good for General Motors Good for America?
with Kathy Fogel, Bernard Yeung: w12394
April 2005When Labor Has a Voice in Corporate Governance
with Olubunmi Faleye, Vikas Mehrotra: w11254
January 2005The Global History of Corporate Governance: An Introduction
with Lloyd Steier: w11062
December 2004How to Eliminate Pyramidal Business Groups - The Double Taxation of Inter-Corporate Dividends and Other Incisive Uses of Tax Policy
w10944
November 2004Patterns of Comovement: The Role of Information Technology in the U.S. Economy
with Hyunbae Chun, Jung-Wook Kim, Jason Lee: w10937
August 2004Corporate Governance, Economic Entrenchment and Growth
with Daniel Wolfenzon, Bernard Yeung: w10692
July 2004The Rise and Fall of the Widely Held Firm - A History of Corporate Ownership in Canada
with Michael Percy, Gloria Tian, Bernard Yeung: w10635
Behavioral Finance in Corporate Governance - Independent Directors, Non-Executive Chairs, and the Importance of the Devil’s Advocate
w10644
April 2004Heterogeneous Investors and their Changing Demand and Supply Schedules for Individual Common Stocks
with Jung-Wook Kim, Jason Lee: w10410
April 2003Why Some Double Taxation Might Make Sense: The Special Case of Inter-corporate Dividends
w9651
December 2001The Mysterious Growing Value of S&P 500 Membership
with Fan Yang: w8654
January 2001Does Firm-specific Information in Stock Prices Guide Capital Allocation?
with Artyom Durnev, Bernard Yeung: w8093
November 1998Inherited Wealth, Corporate Control and Economic Growth: The Canadian Disease
with David A. Stangeland, Bernard Yeung: w6814
December 1991Income Shifting in U.S. Multinational Corporations
with David Harris, Joel Slemrod, Bernard Yeung: w3924
June 1989Do Managerial Objectives Drive Bad Acquisitions?
with Andrei Shleifer, Robert W. Vishny: w3000
March 1988Alternative Mechanisms for Corporate Control
with Andrei Shleifer, Robert W. Vishny: w2532
June 1987Characteristics of Hostile and Friendly Takeover Targets
with Andrei Shleifer, Robert W. Vishny: w2295
October 1986Management Ownership and Corporate Performance: An Empirical Analysis
with Andrei Shleifer, Robert W. Vishny: w2055
July 1986Funding and Asset Allocation in Corporate Pension Plans: An Empirical Investigation
with Zvi Bodie, Jay O. Light, Robert A. Taggart, Jr.: w1315
April 1985How Does the Market Value Unfunded Pension Liabilities?
with Jeremy I. Bulow, Lawrence H. Summers: w1602
July 1982Pension Funding Decisions, Interest Rate Assumptions and Share Prices
with Martin Feldstein: w0938

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