René M. Stulz

97 catalog papers. Identity-linked publications and additional name matches are distinguished below.

ORCID: 0000-0003-2956-4806

The Ohio State University Department of Finance

Publications

Why Do Bank Boards Have Risk Committees? — Journal of Financial and Quantitative Analysis 2026 (name-matched, not ORCID-linked)
Models behaving badly: The limits of data-driven lending — Review of Finance 2025
The lessons of Michael C. Jensen — Journal of Financial Economics 2025
Are Analyst “Top Picks” Informative? — The Review of Financial Studies 2024
Do firms with specialized M&A staff make better acquisitions? — Journal of Financial Economics 2023
Leverage and Cash Dynamics — Review of Finance 2022
Are Analyst Short-Term Trade Ideas Valuable? — The Journal of Finance 2022
Have exchange-listed firms become less important for the economy? — Journal of Financial Economics 2022
Why are corporate payouts so high in the 2000s? — Journal of Financial Economics 2021
How Valuable Is Financial Flexibility when Revenue Stops? Evidence from the COVID-19 Crisis — The Review of Financial Studies 2021
Why Does Equity Capital Flow out of High Tobin’s $boldsymbol{q}$ Industries? — The Review of Financial Studies 2021
Why are firms with more managerial ownership worth less? — Journal of Financial Economics 2021 (name-matched, not ORCID-linked)
Do firms issue more equity when markets become more liquid? — Journal of Financial Economics 2019 (name-matched, not ORCID-linked)
Are the Largest Banks Valued More Highly? — The Review of Financial Studies 2019
Corporate Deleveraging and Financial Flexibility — The Review of Financial Studies 2018
Is Sell-Side Research More Valuable in Bad Times? — The Journal of Finance 2018
Do Independent Director Departures Predict Future Bad Events? — The Review of Financial Studies 2017
Firm Rigidities and the Decline in Growth Opportunities — Management Science 2017
Do U.S. Firms Hold More Cash than Foreign Firms Do? — The Review of Financial Studies 2016
Why Don't All Banks Practice Regulatory Arbitrage? Evidence from Usage of Trust-Preferred Securities — The Review of Financial Studies 2016
Corporate Acquisitions, Diversification, and the Firm's Life Cycle — The Journal of Finance 2016
Liquid-claim production, risk management, and bank capital structure: Why high leverage is optimal for banks — Journal of Financial Economics 2015
Why Did Holdings of Highly Rated Securitization Tranches Differ So Much across Banks? — The Review of Financial Studies 2014
Access to capital, investment, and the financial crisis — Journal of Financial Economics 2013
The credit crisis around the globe: Why did some banks perform better? — Journal of Financial Economics 2012
This Time Is the Same: Using Bank Performance in 1998 to Explain Bank Performance during the Recent Financial Crisis — The Journal of Finance 2012
Why Are U.S. Stocks More Volatile? — The Journal of Finance 2012
When Are Analyst Recommendation Changes Influential? — The Review of Financial Studies 2011
Bank CEO incentives and the credit crisis — Journal of Financial Economics 2011
Why do firms appoint CEOs as outside directors? — Journal of Financial Economics 2010
Differences in Governance Practices between U.S. and Foreign Firms: Measurement, Causes, and Consequences — The Review of Financial Studies 2010
Seasoned equity offerings, market timing, and the corporate lifecycle — Journal of Financial Economics 2010
Hedge Fund Contagion and Liquidity Shocks — The Journal of Finance 2010
Why Do Foreign Firms Leave U.S. Equity Markets? — The Journal of Finance 2010
Why Do U.S. Firms Hold So Much More Cash than They Used To? — The Journal of Finance 2009
Differences in Governance Practices between U.S. and Foreign Firms: Measurement, Causes, and Consequences — The Review of Financial Studies 2009
Securities Laws, Disclosure, and National Capital Markets in the Age of Financial Globalization — Journal of Accounting Research 2009
Financial Globalization, Governance, and the Evolution of the Home Bias — Journal of Accounting Research 2009
Private Benefits of Control, Ownership, and the Cross-listing Decision — The Journal of Finance 2009
Managerial ownership dynamics and firm value — Journal of Financial Economics 2009
Why do private acquirers pay so little compared to public acquirers? — Journal of Financial Economics 2008 (name-matched, not ORCID-linked)
Do local analysts know more? A cross-country study of the performance of local analysts and foreign analysts — Journal of Financial Economics 2008 (name-matched, not ORCID-linked)
How Do Diversity of Opinion and Information Asymmetry Affect Acquirer Returns? — The Review of Financial Studies 2007
The economics of conflicts of interest in financial institutions — Journal of Financial Economics 2007
Do Investors Trade More When Stocks Have Performed Well? Evidence from 46 Countries — The Review of Financial Studies 2007
Why Do Firms Become Widely Held? An Analysis of the Dynamics of Corporate Ownership — The Journal of Finance 2007
Does the Contribution of Corporate Cash Holdings and Dividends to Firm Value Depend on Governance? A Cross-country Analysis — The Journal of Finance 2006
Dividend policy and the earned/contributed capital mix: a test of the life-cycle theory — Journal of Financial Economics 2006
The Limits of Financial Globalization — The Journal of Finance 2005
Wealth Destruction on a Massive Scale? A Study of Acquiring-Firm Returns in the Recent Merger Wave — The Journal of Finance 2005
Do Domestic Investors Have an Edge? The Trading Experience of Foreign Investors in Korea — The Review of Financial Studies 2005
Firm size and the gains from acquisitions — Journal of Financial Economics 2004
Corporate Governance and the Home Bias — Journal of Financial and Quantitative Analysis 2003 (name-matched, not ORCID-linked)
Culture, openness, and finance — Journal of Financial Economics 2003 (name-matched, not ORCID-linked)
Equity-Market Liberalizations as Country IPO's — American Economic Review 2003
Divestitures and the liquidity of the market for corporate assets — Journal of Financial Economics 2002 (name-matched, not ORCID-linked)
International Competition and Exchange Rate Shocks: A Cross-Country Industry Analysis of Stock Returns — The Review of Financial Studies 2001
U.S. Banks, Crises, and Bailouts: From Mexico to LTCM — American Economic Review 2000
Report of the Editor for His Tenure and 1999* — The Journal of Finance 2000
The Underreaction Hypothesis and the New Issue Puzzle: Evidence from Japan — The Review of Financial Studies 1999
Erratum from the Editor — The Journal of Finance 1999 (name-matched, not ORCID-linked)
Report of the Editor ofThe Journal of Financefor the Year 1997 — The Journal of Finance 1998
Are Internal capital Markets Efficient? — The Quarterly Journal of Economics 1998
Report of the Managing Editor ofThe Journal of Financefor the Year 1996 — The Journal of Finance 1997
EDITORIAL — The Journal of Finance 1997
Timing, investment opportunities, managerial discretion, and the security issue decision — Journal of Financial Economics 1996
How Different Is Japanese Corporate Finance? An Investigation of the Information Content of New Security Issues — The Review of Financial Studies 1996
Report of the Managing Editor ofThe Journal of Financefor the Year 1995 — The Journal of Finance 1996
Why Do Markets Move Together? An Investigation of U.S.-Japan Stock Return Comovements — The Journal of Finance 1996
Leverage, investment, and firm growth — Journal of Financial Economics 1996
Foreign Equity Investment Restrictions, Capital Flight, and Shareholder Wealth Maximization: Theory and Evidence — The Review of Financial Studies 1995
Asset sales, firm performance, and the agency costs of managerial discretion — Journal of Financial Economics 1995
An Analysis of the Wealth Effects of Japanese Offshore Dollar-Denominated Convertible and Warrant Bond Issues — Journal of Financial and Quantitative Analysis 1995
Report of the Managing Editor of theJournal of Financefor the Year 1994 — The Journal of Finance 1995
Report of the Managing Editor ofThe Journal of Financefor the Year 1993 — The Journal of Finance 1994
Tobin's q, Corporate Diversification, and Firm Performance — Journal of Political Economy 1994 (name-matched, not ORCID-linked)
Report of the Managing Editor of theJournal of Financefor the Year 1992 — The Journal of Finance 1993
Contagion and competitive intra-industry effects of bankruptcy announcements — Journal of Financial Economics 1992
Report of the Managing Editor ofThe Journal of Financefor the Year 1991 — The Journal of Finance 1992
Managerial discretion and optimal financing policies — Journal of Financial Economics 1990
The Distribution of Target Ownership and the Division of Gains in Successful Takeovers — The Journal of Finance 1990
Report of the Managing Editor ofThe Journal of Financefor the Year 1989 — The Journal of Finance 1990
The Pricing of Stock Index Options in a General Equilibrium Model — Journal of Financial and Quantitative Analysis 1989
Report of the Managing Editor ofThe Journal of Financefor the Year 1988 — The Journal of Finance 1989
The Eurobond market and corporate financial policy — Journal of Financial Economics 1988
Managerial control of voting rights — Journal of Financial Economics 1988
The Pricing of Options with Default Risk — The Journal of Finance 1987
An Equilibrium Model of Exchange Rate Determination and Asset Pricing with Nontraded Goods and Imperfect Information — Journal of Political Economy 1987
Asset Pricing and Expected Inflation — The Journal of Finance 1986
The Determinants of Firms' Hedging Policies — Journal of Financial and Quantitative Analysis 1985
Optimal Hedging Policies — Journal of Financial and Quantitative Analysis 1984
Pricing Capital Assets in an International Setting: An Introduction — Journal of International Business Studies 1984 (name-matched, not ORCID-linked)
Editorial data — Journal of Financial Economics 1983
On the Determinants of Net Foreign Investment — The Journal of Finance 1983
Options on the minimum or the maximum of two risky assets — Journal of Financial Economics 1982
On the Effects of Barriers to International Investment — The Journal of Finance 1981
A model of international asset pricing — Journal of Financial Economics 1981