NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Campbell R. Harvey

Duke University
Fuqua School of Business
Durham, NC 27708-0120
Tel: 919/660-7768
Fax: 919/660-8030

E-Mail: EmailAddress: hidden: you can email any NBER-related person as first underscore last at nber dot org
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NBER Program Affiliations: AP
NBER Affiliation: Research Associate

NBER Working Papers and Publications

March 2017Corporate Culture: Evidence from the Field
with John R. Graham, Jillian Popadak, Shivaram Rajgopal: w23255
March 2016Rethinking Performance Evaluation
with Yan Liu: w22134
October 2014. . . and the Cross-Section of Expected Returns
with Yan Liu, Heqing Zhu: w20592
January 2014Political Risk Spreads
with Geert Bekaert, Christian T. Lundblad, Stephan Siegel: w19786

Published: Geert Bekaert & Campbell R Harvey & Christian T Lundblad & Stephan Siegel, 2014. "Political risk spreads," Journal of International Business Studies, Palgrave Macmillan, vol. 45(4), pages 471-493, May. citation courtesy of

January 2013The Golden Dilemma
with Claude B. Erb: w18706

Published: The Golden Dilemma Claude B. Erb, CFA, and Campbell R. Harvey Financial Analysts Journal, July/August 2013, Vol. 69, No. 4: 10–42.

August 2011Capital Allocation and Delegation of Decision-Making Authority within Firms
with John R. Graham, Manju Puri: w17370

Published: Graham, John R. & Harvey, Campbell R. & Puri, Manju, 2015. "Capital allocation and delegation of decision-making authority within firms," Journal of Financial Economics, Elsevier, vol. 115(3), pages 449-470. citation courtesy of

December 2010The European Union, the Euro, and Equity Market Integration
with Geert Bekaert, Christian T. Lundblad, Stephan Siegel: w16583

Published: Bekaert, Geert & Harvey, Campbell R. & Lundblad, Christian T. & Siegel, Stephan, 2013. "The European Union, the Euro, and equity market integration," Journal of Financial Economics, Elsevier, vol. 109(3), pages 583-603. citation courtesy of

August 2010Liquidity Management and Corporate Investment During a Financial Crisis
with Murillo Campello, Erasmo Giambona, John R. Graham: w16309

Published: Murillo Campello & Erasmo Giambona & John R. Graham & Campbell R. Harvey, 2011. "Liquidity Management and Corporate Investment During a Financial Crisis," Review of Financial Studies, Society for Financial Studies, vol. 24(6), pages 1944-1979. citation courtesy of

July 2010Managerial Miscalibration
with Itzhak Ben-David, John R. Graham: w16215

Published: Itzhak Ben-David & John R. Graham, 2013. "Managerial Miscalibration," The Quarterly Journal of Economics, Oxford University Press, vol. 128(4), pages 1547-1584. citation courtesy of

April 2010A Corporate Beauty Contest
with John R. Graham, Manju Puri: w15906
December 2009The Real Effects of Financial Constraints: Evidence from a Financial Crisis
with Murillo Campello, John Graham: w15552

Published: Campello, Murillo & Graham, John R. & Harvey, Campbell R., 2010. "The real effects of financial constraints: Evidence from a financial crisis," Journal of Financial Economics, Elsevier, vol. 97(3), pages 470-487, September. citation courtesy of

April 2009Financial Openness and Productivity
with Geert Bekaert, Christian Lundblad: w14843

Published: Bekaert, Geert & Harvey, Campbell R. & Lundblad, Christian, 2011. "Financial Openness and Productivity," World Development, Elsevier, vol. 39(1), pages 1-19, January. citation courtesy of

March 2009What Segments Equity Markets?
with Geert Bekaert, Christian Lundblad, Stephan Siegel: w14802

Published: Rev. Financ. Stud. (2011) 24 (12): 3841-3890. doi: 10.1093/rfs/hhr082 First published online: October 7, 2011

December 2007Managerial Overconfidence and Corporate Policies
with Itzhak Ben-David, John R. Graham: w13711
June 2005Investor Competence, Trading Frequency, and Home Bias
with John R. Graham, Hai Huang: w11426

Published: Graham, John R., Hai Huang, and Cam Harvey. "Investor Competence, Trading Frequency, and Home Bias." Management Science 55 (2009): 1094-1106. citation courtesy of

Liquidity and Expected Returns: Lessons From Emerging Markets
with Geert Bekaert, Christian Lundblad: w11413

Published: Geert Bekaert & Campbell R. Harvey & Christian Lundblad, 2007. "Liquidity and Expected Returns: Lessons from Emerging Markets," Review of Financial Studies, Oxford University Press for Society for Financial Studies, vol. 20(6), pages 1783-1831, November. citation courtesy of

March 2005The Tactical and Strategic Value of Commodity Futures
with Claude B. Erb: w11222
December 2004Global Growth Opportunities and Market Integration
with Geert Bekaert, Christian Lundblad, Stephan Siegel: w10990

Published: Geert Bekaert & Campbell R. Harvey & Christian Lundblad & Stephan Siegel, 2007. "Global Growth Opportunities and Market Integration," Journal of Finance, American Finance Association, vol. 62(3), pages 1081-1137, 06. citation courtesy of

October 2004Dynamic Trading Strategies and Portfolio Choice
with Ravi Bansal, Magnus Dahlquist: w10820
June 2004Growth Volatility and Financial Liberalization
with Geert Bekaert, Christian Lundblad: w10560

Published: Journal of International Money and Finance, Vol. 25, no. 3 (April 2006): 379-403 citation courtesy of

The Economic Implications of Corporate Financial Reporting
with John R. Graham, Shiva Rajgopal: w10550

Published: Graham, John R., Campbell R. Harvey and Shiva Rajgopal. "The Economic Implications Of Corporate Financial Reporting," Journal of Accounting and Economics, 2005, v40(1-3,Dec), 3-73. citation courtesy of

April 2003Payout Policy in the 21st Century
with Alon Brav, John R. Graham, Roni Michaely: w9657

Published: Brav, Alon, John R. Graham, Campbell R. Harvey and Roni Michaely. "Payout Policy In The 21st Century," Journal of Financial Economics, 2005, v77(3,Sep), 483-527. citation courtesy of

February 2003Market Integration and Contagion
with Geert Bekaert: w9510

Published: Geert Bekaert & Campbell R. Harvey & Angela Ng, 2005. "Market Integration and Contagion," Journal of Business, University of Chicago Press, vol. 78(1), pages 39-70, January. citation courtesy of

December 2001Expectations of Equity Risk Premia, Volatility and Asymmetry from a Corporate Finance Perspective
with John R. Graham: w8678
September 2001The Effect of Capital Structure When Expected Agency Costs are Extreme
with Karl V. Lins, Andrew H. Roper: w8452

Published: Harvey, Campbell R., Karl V. Lins and Andrew H. Roper. "The Effect Of Capital Structure When Expected Agency Costs Are Extreme," Journal of Financial Economics, 2004, v74(1,Oct), 3-30. citation courtesy of

April 2001Does Financial Liberalization Spur Growth?
with Geert Bekaert, Christian Lundblad: w8245

Published: Journal of Financial Economics, Vol. 77, no. 1 (July 2005): 3-55 citation courtesy of

March 2001Economic Growth and Financial Liberalization
with Geert Bekaert NBER Reporter Spring 01
June 2000Emerging Equity Markets and Economic Development
with Geert Bekaert, Christian Lundblad: w7763

Published: Bekaert, Geert, Campbell R. Harvey and Christian Lundblad. "Emerging Equity Markets And Economic Development," Journal of Development Economics, 2001, v66(2,Dec), 465-504. citation courtesy of

January 2000Capital Flows and the Behavior of Emerging Market Equity Returns
with Geert Bekaert
in Capital Flows and the Emerging Economies: Theory, Evidence, and Controversies, Sebastian Edwards, editor
July 1999The Dynamics of Emerging Market Equity Flows
with Geert Bekaert, Robin L. Lumsdaine: w7219

Published: Bekaert, G. & Harvey, C. R. & Lumsdaine, R. L., 2002. "The dynamics of emerging market equity flows," Journal of International Money and Finance, Elsevier, vol. 21(3), pages 295-350, June. citation courtesy of

March 1999Conditioning Variables and the Cross-Section of Stock Returns
with Wayne E. Ferson: w7009

Published: Journal of Finance, Vol. 54 (1999): 1325-1360. citation courtesy of

February 1999Economic, Financial, and Fundamental Global Risk In and Out of the EMU
with Wayne E. Ferson: w6967

Published: Swedish Economic Policy Review, Vol. 6 (1999): 123-184.

September 1998Dating the Integration of World Equity Markets
with Geert Bekaert, Robin L. Lumsdaine: w6724

Published: Bekaert, Geert, Campbell R. Harvey and Robin L. Lumsdaine. "Dating The Integration Of World Equity Markets," Journal of Financial Economics, 2002, v65(2,Aug), 203-247. citation courtesy of

July 1998Capital Flows and the Behavior of Emerging Market Equity Returns
with Geert Bekaert: w6669

Published:

June 1998The Future of Investment in Emerging Markets
NBER Reporter Summer 98
December 1997Foreign Speculators and Emerging Equity Markets
with Geert Bekaert: w6312

Published: Journal of Finance, Vol. 55 (April 2000): 565-613. citation courtesy of

December 1996Fundamental Determinants of National Equity Market Returns: A Perspective on Conditional Asset Pricing
with Wayne E. Ferson: w5860

Published: Journal of Banking and Finance, Vol. 21 (1997): 1625-1665. citation courtesy of

October 1995Emerging Equity Market Volatility
with Geert Bekaert: w5307

Published: Journal of Financial Economics, Vol. 43 (January 1997): 29-77. citation courtesy of

October 1994Market Timing Ability and Volatility Implied in Investment Newletters' Asset Allocation Recommendations
with John R. Graham: w4890

Published: Journal of Financial Economics, 42 (1996), 397-421 . citation courtesy of

August 1994Time-Varying World Market Integration
with Geert Bekaert: w4843

Published: Journal of Finance, Vol. 50 (June 1995): 403-444. citation courtesy of

February 1994What Determines Expected International Asset Returns?
with Bruno Solnik, Guofu Zhou: w4660

Published: Harvey, Campbell R., Bruno Solnik, and Guofu Zhou. "What Determines Expected International Asset Returns?" Annals of Economics and Finance 3 (2002): 249-298. citation courtesy of

The Impact of the Federal Reserve Bank's Open Market Operations
with Roger D. Huang: w4663

Published: Harvey, Campbell R. and Roger D. Huang. "The Impact Of The Federal Reserve Bank's Open Market Operations," Journal of Financial Markets, 2002, v5(2,Apr), 223-257. citation courtesy of

January 1994Predictable Risk and Returns in Emerging Markets
w4621

Published: Review of Financial Studies, 1995, pp. 773-816 citation courtesy of

Sources of Risk and Expected Returns in Global Equity Markets
with Wayne E. Ferson: w4622

Published: Journal of Banking and Finance, 1994, pp. 775-803 citation courtesy of

Conditional Asset Allocation in Emerging Markets
w4623

Published: Published as "Predictable Risk and Returns in Emerging Markets", Review of Financial Studies, Vol. 8, no. 3 (1995): 773-816.

An Exploratory Investigation of the Fundamental Determinants of National Equity Market Returns
with Wayne Ferson
in The Internationalization of Equity Markets , Jeffrey A. Frankel, editor
December 1993An Exploratory Investigation of the Fundamental Determinants of National Equity Market Returns
with Wayne E. Ferson: w4595

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