René M. Stulz

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

ORCID: 0000-0003-2956-4806

Fisher College of Business, The Ohio State University, 2100 Neil Avenue, 806A, Fisher Hall, Columbus, OH 43210, USA; National Bureau of Economic Research (NBER), Cambridge, USA; European Corporate Governance Institute, Brussels, Belgium

Publications

The lessons of Michael C. Jensen — Journal of Financial Economics 2025
Models behaving badly: The limits of data-driven lending — Review of Finance 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
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
Leverage and Cash Dynamics — Review of Finance 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
Are the Largest Banks Valued More Highly? — The Review of Financial Studies 2019
Is Sell-Side Research More Valuable in Bad Times? — The Journal of Finance 2018
Corporate Deleveraging and Financial Flexibility — The Review of Financial Studies 2018
Firm Rigidities and the Decline in Growth Opportunities — Management Science 2017
Do Independent Director Departures Predict Future Bad Events? — The Review of Financial Studies 2017
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
Do U.S. Firms Hold More Cash than Foreign Firms Do? — The Review of Financial Studies 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
Why Are U.S. Stocks More Volatile? — The Journal of Finance 2012
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
Bank CEO incentives and the credit crisis — Journal of Financial Economics 2011
When Are Analyst Recommendation Changes Influential? — The Review of Financial Studies 2011
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
Seasoned equity offerings, market timing, and the corporate lifecycle — 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
Why do firms appoint CEOs as outside directors? — Journal of Financial Economics 2010
Managerial ownership dynamics and firm value — Journal of Financial Economics 2009
Financial Globalization, Governance, and the Evolution of the Home Bias — Journal of Accounting Research 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
Why Do U.S. Firms Hold So Much More Cash than They Used To? — The Journal of Finance 2009
Private Benefits of Control, Ownership, and the Cross-listing Decision — The Journal of Finance 2009
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
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
Dividend policy and the earned/contributed capital mix: a test of the life-cycle theory — Journal of Financial Economics 2006
Does the Contribution of Corporate Cash Holdings and Dividends to Firm Value Depend on Governance? A Cross-country Analysis — The Journal of Finance 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
Equity-Market Liberalizations as Country IPO's — American Economic Review 2003
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
Are Internal capital Markets Efficient? — The Quarterly Journal of Economics 1998
Report of the Editor ofThe Journal of Financefor the Year 1997 — The Journal of Finance 1998
Report of the Managing Editor ofThe Journal of Financefor the Year 1996 — The Journal of Finance 1997
EDITORIAL — The Journal of Finance 1997
Report of the Managing Editor ofThe Journal of Financefor the Year 1995 — The Journal of Finance 1996
Leverage, investment, and firm growth — Journal of Financial Economics 1996
Why Do Markets Move Together? An Investigation of U.S.-Japan Stock Return Comovements — The Journal of Finance 1996
How Different Is Japanese Corporate Finance? An Investigation of the Information Content of New Security Issues — The Review of Financial Studies 1996
Timing, investment opportunities, managerial discretion, and the security issue decision — Journal of Financial Economics 1996
Asset sales, firm performance, and the agency costs of managerial discretion — Journal of Financial Economics 1995
Report of the Managing Editor of theJournal of Financefor the Year 1994 — The Journal of Finance 1995
An Analysis of the Wealth Effects of Japanese Offshore Dollar-Denominated Convertible and Warrant Bond Issues — Journal of Financial and Quantitative Analysis 1995
Foreign Equity Investment Restrictions, Capital Flight, and Shareholder Wealth Maximization: Theory and Evidence — The Review of Financial Studies 1995
Report of the Managing Editor ofThe Journal of Financefor the Year 1993 — The Journal of Finance 1994
Report of the Managing Editor of theJournal of Financefor the Year 1992 — The Journal of Finance 1993
Report of the Managing Editor ofThe Journal of Financefor the Year 1991 — The Journal of Finance 1992
Contagion and competitive intra-industry effects of bankruptcy announcements — Journal of Financial Economics 1992
A test of the free cash flow hypothesis: The case of bidder returns — Journal of Financial Economics 1991 (name-matched, not ORCID-linked)
Report of the Managing Editor ofThe Journal of Financefor the Year 1989 — The Journal of Finance 1990
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
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
Managerial performance, Tobin's Q, and the gains from successful tender offers — Journal of Financial Economics 1989 (name-matched, not ORCID-linked)
Managerial control of voting rights — Journal of Financial Economics 1988
The Eurobond market and corporate financial policy — 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
An analysis of secured debt — Journal of Financial Economics 1985 (name-matched, not ORCID-linked)
Optimal Hedging Policies — Journal of Financial and Quantitative Analysis 1984
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