Michael J. Schill Research Page
   

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Working Papers

"The nature of the foreign listing premium: a cross-country examination" with Sergei Sarkissian. Download  

"Cross listing waves" with Sergei Sarkissian. Download    

"Financial policy rogues" with Yiorgos Allayannis. Download    

"The price of growth: Evidence of the pedestrian nature of post-merger returns" with Sandra Mortal. Download    

“Long-run seasoned-equity offering returns:  data snooping, model misspecification, or mispricing? A costly arbitrage approach”
with Jeffrey Pontiff. Download

     “Market gaming?  An examination of aggregate equity issue clustering” Download

Journal Publications

"On the scope and drivers of the asset growth effect" with Marc Lipson and Sandra Mortal, Journal of Financial and Quantitative Analysis, Forthcoming.  Download

"Do firms believe in interest-rate parity?" with Matt McBrady and Sandra Mortal, Review of Finance, Forthcoming. Download

“The asset effect in stock returns,” with Michael Cooper and Huseyin Gulen, Journal of Investment Management, Forthcoming. Download

“Are there permanent valuation gains to overseas listings? ” with Sergei Sarkissian, The Review of Financial Studies, 22 (January 2009), 371-412. Download

“Asset growth and the cross-section of stock returns,” with Michael Cooper and Huseyin Gulen, Journal of Finance, 63 (August 2008), 1609-1651. Download

 “Foreign currency denominated borrowing in the absence of operating incentives” with Matt McBrady, Journal of Financial Economics, 86, 145-177. Download

“Asset pricing when returns are nonnormal: Fama-French factors vs. higher order systematic co-moments,” with Herb Johnson and Peter Chung, Journal of Business 79, 923-940. Download

“The overseas listing decision: new evidence of proximity preference,” with Sergei Sarkissian, The Review of Financial Studies 17, Fall 2004, 769-809. Download

“Sailing in rough water: market volatility and corporate finance,” Journal of Corporate Finance 10, November 2004, 659-682. Download

“The illusory nature of momentum profits,” with David Lesmond and Chunsheng Zhou, Journal of Financial Economics 71, February 2004, 349-380. Download

“Pricing an emerging industry: evidence from Internet subsidiary carve-outs,” with Chunsheng Zhou, Financial Management 30, Autumn 2001, 5-34. Download

“Conditional market timing with benchmark investors,” with Connie Becker, Wayne Ferson, and David H. Myers, Journal of Financial Economics 52, April 1999, 119-148. Download

“Current state and prospects of European equity trading in the European Community,” with Gabriel Hawawini, The Journal of International Securities Markets, 6, Winter 1992,  325-340. Download

Book Publications

“Case Studies in Finance: Managing for Value Creation,” with Robert Bruner and Kenneth Eades, McGraw-Hill/Irwin, 6th edition, 2009.

“The Japanese Presence in the European Financial Services Sector,” with Gabriel Hawawini, in M. Mason and D. Encarnation, ed., Does Ownership Matter?: Japanese Multinationals in Europe, (Oxford University Press: New York) 1994.