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  • Family ownership, country governance, and foreign portfolio investment 

    Bodnaruk, A.; Massa, M; Yadav, V. (Elsevier, 2017-03)
    We study how different dimensions of family ownership combine to make family firms around the world appealing to foreign investors. Family firms provide the benefits of political connections, but at the same time they ...
  • Cross-Border Alliances and Risk Management 

    Bodnaruk A; Manconi A; Massa M (Elsevier, 2016-05)
    We study U.S. firms’ foreign expansion choices, and investigate alliances as risk management devices used to mitigate partner risk. Firms venturing abroad are constrained by the availability of potential partners. One set ...
  • The Effects of the Bosman Ruling on National and Club Teams in Europe 

    Binder, John J.; Findlay, Murray (SAGE Publications, 2012-04)
    The Bosman ruling and its aftermath allowed soccer players to move more freely between clubs in Europe. This study examines the performance of national and club teams in Europe before and after Bosman. Some national teams ...
  • Modeling Trade Direction 

    Rosenthal, Dale W. R. (Oxford University Press, 2008-08)
    I propose a modeling approach to classifying trades as buys or sells. Modeled classifications consider information strengths, microstructure effects, and classification correlations. I also propose estimators for quotes ...
  • Closing and cloning in open-end mutual funds 

    Chen, Hsiu-Lang; Gao, Sheldon; Hu, Xiaoqing (Elsevier, 2012-04)
    Using a unique dataset, we document that only those closed funds for which no new fund is subsequently launched continuously deliver positive abnormal returns. This suggests the existence of an optimal fund scale. In spite ...
  • The Transportation Revolution and Antebellum Sectional Disagreement 

    Binder, John J. (Duke University Press, 2011-03)
    The transportation revolution had several important effects on the antebellum political equilibrium. First, it caused western and southern political views to differ by bringing more easterners and European immigrants into ...
  • Are Financial Constraints Priced? Evidence from Firm Fundamentals and Stock Returns 

    Campello, Murillo; Chen, Long (Wiley-Blackwell, 2010-09)
    Using comprehensive firm- and aggregate-level data, this paper studies the real and financial implications of capital market imperfections. We first examine whether financially constrained firms' business fundamentals ...