This paper compares the clinical trial strategies and performance of large, established ("mature")
biopharmaceutical firms to those of smaller ("early stage") firms that have not yet …

This paper argues that tied social networks of directors among the corporate elite affect CEO
compensation. Using data on 25,621 unique directors who served on the boards of S&P …

This paper investigates the role of director networks in firms' decision-making. Using data
on 25,621 unique directors who served on the boards of S&P 1,500 firms between the years …

This paper explores the effect of vertical integration on investment behavior in the pharmaceutical
industry. I study a detailed, project-level sample of 4057 drug candidates that were …

Flows to an Open-Ended Mutual Fund (OEF) can significantly hamper its subsequent performance
due to flow-induced trading costs. An Exchange-Traded Fund (ETF) is designed not to …

… Amir Barnea and Ilan Guedj (2009) …

Leveraged and Inverse ETFs replicate the leveraged or the inverse of the daily returns of an
index. Several studies have established that investors who hold these investments for …

Exchange-traded funds (ETFs) have become popular investments since first introduced in
2004. These funds offer investors a simple way to gain exposure to commodities, which are …

Principal Protected Absolute Return Barrier Notes (ARBNs) are structured products linked to
an underlying security or an index. While these notes guarantee principal protection–return …

We develop an equilibrium model to investigate whether an Exchange-Traded Fund (ETF)
is a more efficient indexing vehicle than an Open-Ended Mutual Fund (OEF). We find that …