A Multinational Perspective on Capital Structure Choice and Internal Capital Markets MIHIR A. DESAI, C. FRITZ FOLEY, JAMES R. HINES

Bank and Nonbank Financial Intermediation PHILIP BOND

Moral Hazard and Optimal Subsidiary Structure for Financial Institutions CHARLES KAHN, ANDREW WINTON

Corporate Investment and Asset Price Dynamics: Implications for the Cross-section of Returns MURRAY CARLSON, ADLAI FISHER, RON GIAMMARINO

Does Stock Return Momentum Explain the "Smart Money" Effect? TRAVIS SAPP, ASHISH TIWARI

Price Discovery in the U.S. Treasury Market: The Impact of Orderflow and Liquidity on the Yield Curve MICHAEL W. BRANDT, KENNETH A. KAVAJECZ

Near-sighted Justice DAN BERNHARDT, ED NOSAL

Market Valuation and Merger Waves MATTHEW RHODES-KROPF, S. VISWANATHAN

Collars and Renegotiation in Mergers and Acquisitions MICAH S. OFFICER

How to Discount Cashflows with Time-Varying Expected Returns ANDREW ANG, JUN LIU

Financial Development and Intersectoral Allocation: A New Approach RAYMOND FISMAN, INESSA LOVE

Systemic Risk and International Portfolio Choice SANJIV RANJAN DAS, RAMAN UPPAL

The Choice of Private Versus Public Capital Markets: Evidence from Privatizations WILLIAM L. MEGGINSON, ROBERT C. NASH, JEFFRY M. NETTER, ANNETTE B. POULSEN

Do Initial Public Offering Firms Purchase Analyst Coverage with Underpricing? MICHAEL T. CLIFF, DAVID J. DENIS

The Effect of Banking Relationships on the Firm's IPO Underpricing CAROLA SCHENONE

Luxury Goods and the Equity Premium YACINE AÏT-SAHALIA, JONATHAN A. PARKER, MOTOHIRO YOGO