Do Behavioral Biases Affect Prices? JOSHUA D. COVAL, TYLER SHUMWAY

Insider Trading Restrictions and Analysts' Incentives to Follow Firms ROBERT M. BUSHMAN, JOSEPH D. PIOTROSKI, ABBIE J. SMITH

The Value Premium LU ZHANG

Asset Sales, Investment Opportunities, and the Use of Proceeds THOMAS W. BATES

Financial and Legal Constraints to Growth: Does Firm Size Matter? THORSTEN BECK, ASLI DEMIRGÜÇ-KUNT, VOJISLAV MAKSIMOVIC

Does the Failure of the Expectations Hypothesis Matter for Long-Term Investors? ANTONIOS SANGVINATSOS, JESSICA A. WACHTER

Distance, Lending Relationships, and Competition HANS DEGRYSE, STEVEN ONGENA

Local Does as Local Is: Information Content of the Geography of Individual Investors' Common Stock Investments ZORAN IVKOVI, SCOTT WEISBENNER

Financial Analyst Characteristics and Herding Behavior in Forecasting MICHAEL B. CLEMENT, SENYO Y. TSE

Monitoring and Controlling Bank Risk: Does Risky Debt Help? C. N. V. KRISHNAN, P. H. RITCHKEN, J. B. THOMSON

Asymmetric Price Movements and Borrowing Constraints: A Rational Expectations Equilibrium Model of Crises, Contagion, and Confusion KATHY YUAN

Trading Volume, Information Asymmetry, and Timing Information JOON CHAE

The Role of IPO Underwriting Syndicates: Pricing, Information Production, and Underwriter Competition SHANE A. CORWIN, PAUL SCHULTZ

IPO Pricing in "Hot" Market Conditions: Who Leaves Money on the Table? FRANÇOIS DERRIEN

Do Professional Traders Exhibit Myopic Loss Aversion? An Experimental Analysis MICHAEL S. HAIGH, JOHN A. LIST