Market Conditions and the Structure of Securities
NBER Working Paper No. 14952
---- Acknowledgements -----
We would like to thank Murillo Campello, Naveen Daniel, Mike Faulkender, John Graham, Campbell Harvey, Christopher Hennessy, Mark Huson, Mike Lemmon, Gordon Phillips, Per Stromberg, Rene Stulz and Ralph Walkling, as well as seminar participants at The 2009 AFA Meetings, University of Alberta, Carnegie Mellon University, University of Cincinnati, Drexel University, Harvard University, KDI School of Public Policy and Management, Korea University, University of Illinois, NBER, Ohio State University, Oxford University, Seoul National University, Southern Methodist University, Stockholm School of Economics, University of Utah, and Yale University for very helpful suggestions. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.