Papers

Abstract | Published Paper

Does Debt Discipline Bankers? An Academic Myth About Bank Indebtedness, Working Paper, Anat R. Admati, Martin F. Hellwig, February 18, 2013

Abstract | PDF

  • Leverage Ratchet Effect, with Peter M. DeMarzo, Martin F. Hellwig and Paul Pfleiderer. The Journal of Finance. February 2018, Vol. 73, Issue 1, Pages 145-198.
    Abstract ∨ | Published Paper
  • A Skeptical View of Financialized Corporate Governance, Journal of Economic Perspectives. July 2017, Vol. 31, Issue 3, Pages 131-150.
    Abstract ∨ | Published Paper
  • The Missed Opportunity and Challenge of Capital Regulation, National Institute Economic Review. February 2016, Vol. 235, Issue 1, Pages R4-R14.
    Abstract ∨ | Published PaperView on SSRN
  • The Parade of Bankers’ New Clothes Continues: 31 Flawed Claims Debunked, Working Paper, Anat R. Admati, Martin F. Hellwig. December 2015.
    Abstract ∨ | PDF
  • The Compelling Case for Stronger and More Effective Leverage Regulation in Banking,Journal of Legal Studies. 2014, Vol. 43, Issue 3, Pages s35-s61. Abstract ∨ | Published Paper | View on SSRN
  • Financial Regulation Reform: Politics, Implementation and Alternatives,  North Carolina Banking Institute. November 2013, Vol. 18, Pages 71-81.

Liability Holding Companies | View on SSRN

with Peter Conti-Brown and Paul Pfleiderer. UCLA Law Review. 2012, Vol. 59, Issue 4, Pages 853-913.

 

The Wall Street Walk and Shareholder Activism: Exit as a Form of Voice | View on SSRN

with Paul Pfleiderer. Review of Financial Studies. 2009, Vol. 22, Pages 2245-2285.

 

Broadcasting Opinions with an Overconfident Sender | View on SSRN

with Paul Pfleiderer. International Economic Review. 2004, Vol. 45, Issue 2, Pages 467-498.

 

A review of “Capital Ideas and Market Realities: Option Replication, Investor Behavior, and Stock Market Crashes,” by Bruce I. Jacobs,

Journal of Economic Literature. December 2000, Vol. 38, Issue 4, Pages 936-991.

Forcing Firms to Talk: Financial Disclosure Regulation and Externalities | View on SSRN

with Paul Pfleiderer. Review of Financial Studies. 2000, Vol. 13, Issue 3, Pages 479-519.

 

Does It All Add Up? Benchmarks and the Compensation of Active Portfolio Managers,

with Paul Pfleiderer. The Journal of Business. 1997, Vol. 70, Issue 3, Pages 323-350.

 

Large Shareholder Activism, Risk Sharing, and Financial Market Equilibrium,

with Paul Pfleiderer and Josef Zechner. Journal of Political Economy. 1994, Vol. 102, Issue 6, Pages 1097-1130.

Robust Financial Contracting and the Role of Venture Capitalists,

with Paul Pfleiderer. Journal of Finance. 1994, Vol. 49, Issue 2, Pages 371–402.

 

Trading on Information in Financial Markets,

with Paul Pfleiderer. The New Palgrave Dictionary of Money and Finance. Palgrave Macmillan, 1993.

Trading Volume,

with Paul Pfleiderer. The New Palgrave Dictionary of Money and Finance. Palgrave Macmillan, 1993.

 

Joint Projects Without Commitment,

with Motty Perry. Review of Economic Studies. 1991, Vol. 58, Issue 2, Pages 259-276.

Sunshine Trading and Financial Market Equilibrium,

with Paul Pfleiderer. Review of Financial Studies. 1991, Vol. 4, Issue 3, Pages 443-481.

 

Direct and Indirect Sale of Information,

with Paul Pfleiderer. Econometrica. 1990, Vol. 58, Issue 4, Pages 901-928.

 

Divide and Conquer: A Theory of Intraday and Day-of-the-Week Mean Effects,

with Paul Pfleiderer. Review of Financial Studies. 1989, Vol. 2, Pages 189–223.

Information in Financial Markets: The Rational Expectations Approach,

Frontiers of Modern Financial Theory: Volume 2 (Financial Markets and Incomplete Information). Rowman and Littlefield Publishers, 1989, Pages 139–152.

 

A Theory of Intraday Patterns: Volume and Price Variability

Anat R. Admati, Paul Pfleiderer. Review of Financial Studies. 1988, Vol. 1, Issue 1, Pages 3-40.

Selling and Trading on Information in Financial Markets,

with Paul Pfleiderer. American Economic Review. 1988, Vol. 78, Issue 2, Papers and Proceedings of the One-Hundredth Annual Meeting of the American Economic Association, Pages 96–103.

 

Strategic Delay in Bargaining,

with Motty Perry. Review of Economic Studies. 1987, Vol. 54, Issue 3, Pages 345-364.

Viable Allocations of Information in Financial Markets,

with Paul Pfleiderer. Journal of Economic Theory. 1987, Vol. 43, Issue 1, Pages 76-115.

 

A Monopolistic Market for Information,
with Paul Pfleiderer. Journal of Economic Theory. 1986, Vol. 39, Issue 2, Pages 400–438.
On Timing and Selectivity,
with Sudipto Bhattacharya, Paul Pfleiderer and Stephen A. Ross. Journal of Finance. 1986, Vol. 41, Issue 3, Pages 715-730.
A Noisy Rational Expectations Equilibrium for Multi-Asset Securities,
Econometrica, 1985, Vol. 53, Issue 3, Pages 629-658.