Capital Markets

1992
Froot, Kenneth A.Exchange Rate Forecasting Techniques, Survey Data, and Implications for the Foreign Exchange Market.” International Business Reader (1992). Publisher's Version Exchange Rate Forecasting Techniques, Survey Data, and Implications for the Foreign Exchange Market
London: Oxford University Press, 1992. (Revised from IMF Working Paper no. 90/43.) NBER Working Paper no. 3470, October 1990.
1993
Froot, Kenneth A., David S. Scharfstein, and Jeremy Stein. “Risk Management: Coordinating Corporate Investment and Financing Policies.” Journal of Finance 48, no. 5 (1993): 1629–1658. Risk Management: Coordinating Corporate Investment and Financing Policies
  • Revised from NBER Working Paper No. 4084, February 1993.
  • Reprinted in RAE-Revista de Administração de Empresas, Management Journal of Fundação Getulio Vargas (FGV-EAESP), Business School for Administration in Sao Paulo, Brazil, volume no. 48, issue no. 1 (January-March 2008): 87-118.
  • Reprinted in Insurance and Risk Management, Volume II, Corporate Risk Management, Part I: Theory on Why and How Firms Manage Risk, Chapter 3, edited by Gregory R. Niehaus, U.K.: Edward Elgar Publishing (October 2008). Also in M.J. Brennan, The Theory of Corporate Finance from The International Library of Critical Writings in Financial Economics, edited by R. Roll, 1995; and in Merton Miller and Chris Culp, eds. Corporate Hedging in Theory and Practice: Lessons from Metallgesellschaft, Risk Books, 1999.
1994
Froot, Kenneth A., and John Y. Campbell. “International Experiences with Securities Transaction Taxes.” In The Internationalization of Equity Markets, edited by J. Frankel, 277-308. Chicago and London: University of Chicago Press, 1994. International Experiences with Securities Transaction Taxes

Revised from NBER Working Paper No. 4587, December 1993; also featured in The NBER Digest, May 1994.

Froot, K.A., and J. Hines. “Interest Allocation Rules and the Changing Cost of Debt Finance.” Harvard University, 1994.
Froot, K., David S. Scharfstein, and J. Stein. “A Framework for Risk Management.” Harvard Business Review 72, no. 6 (1994): 91-102. A Framework for Risk Management

Revised from "Developing a Risk Management Strategy," Harvard Business School Working Paper No. 95-021. Reprinted in Bank of America Journal of Applied Corporate Finance 7, no. 3 (fall 1994): 22-32; Marsh & McLennan Companies' Viewpoint 24 (spring 1995): 21-37; and in Corporate Risk: Strategies and Management, edited by Greg Brown and Don Chew, London: Risk Books, December 1999.

1995
Froot, K.A., B. Murphy, A. Stern, and S. Usher. “The Emerging Asset Class: Insurance Risk.” Viewpoint 24, no. 3 (1995): 19–28. The Emerging Asset Class: Insurance Risk

Originally "Special Report from Guy Carpenter and Company, Inc.," July 1995.

Engel, C., J. Frankel, K. Froot, and T. Rodrigues. “Tests of Conditional Mean-Variance Efficiency of the U.S. Stock Market.” Journal of Empirical Finance 2 (1995): 3-18. Tests of Conditional Mean-Variance Efficiency of the U.S. Stock Market

Revised from NBER Working Paper Nos. 2890, March 1989 and 4292, March 1993, "Conditional Mean-Variance Efficiency of the U.S. Stock Market," March 1993.

Froot, Kenneth A.Hedging Portfolios with Real Assets.” Journal of Portfolio Management 21, no. 4 (1995): 60-77. Hedging Portfolios with Real Assets

Harvard Business School Working Paper 95-045.

1998
Froot, K.A., and J. Stein. “Risk Management, Capital Budgeting and Capital Structure Policy for Financial Institutions: An Integrated Approach.” Journal of Financial Economics 47, no. 1 (1998): 55–82. Risk Management, Capital Budgeting and Capital Structure Policy for Financial Institutions: An Integrated Approach
  • Winner of the 1998 Journal of Financial Economics Jensen Prize for first place for the best paper in the areas of corporate finance and organizations.
  • Revised from NBER Working Paper No. 5403, January 1996 and Harvard Business School Working Paper 96-030, December 1995.
1999
Froot, K.A.The Evolving Market for Catastrophe Event Risk.” Risk Management and Insurance Review 2, no. 3 (1999): 1–28. The Evolving Market for Catastrophe Event Risk

Reprinted in Risk Management: The State of the Art, edited by S. Figlewski and R. Levich, Kluwer Academic Publishers, 2001.

Froot, K.A.The Limited Financing of Catastrophe Risk: An Overview.” In The Financing of Catastrophe Risk, 1-22. Chicago: University of Chicago Press, 1999. The Limited Financing of Catastrophe Risk: An Overview

Revised from NBER Working Paper No. 6025, May 1997, and HBS Working Paper No. 98-023, September 1997.

Froot, K.A., and P. O'Connell. “The Pricing of US Catastrophe Reinsurance.” In The Financing of Catastrophe Risk, 195–232. Chicago: University of Chicago Press, 1999. The Pricing of US Catastrophe Reinsurance

Revised from NBER Working Paper No. 6043, May 1997, and HBS Working Paper No. 98-018, September 1997.

Froot, K.A., and E. Dabora. “How Are Stock Prices Affected by the Location of Trade?Journal of Financial Economics 53, no. 2 (1999): 189–216. How are Stock Prices Affected by the Location of Trade?

Reprinted in International Capital Markets, R. Stulz and A. Karolyi, eds. Edward Elgar Publishing, 2003. Also reprinted in Advances in Behavioral Finance, Vol. 2, edited by Richard Thaler. New Jersey: Princeton University Press; New York: Russell Sage Foundation, July 2005, 102-129.

2001
Froot, K.A.The Market for Catastrophe Risk: A Clinical Examination.” Journal of Financial Economics 60, no. 2-3 (2001): 529–571. The Market for Catastrophe Risk: A Clinical Examination

Revised from NBER Working Paper No. 8110, February 2001. Reprinted in The Economics of Natural Hazards, part of the International Library of Critical Writings in Economics series edited by Mark Blaug, U.K.: Edward Elgar Publishing, 2003.

Froot, K.A., P. O'Connell, and M. Seasholes. “The Portfolio Flows of International Investors.” Journal of Financial Economics 59, no. 2 (2001): 151–193. The Portfolio Flows of International Investors
  • Revised from NBER Working Paper No. 6687 and HBS Working No. Paper 99-006, July 1998. Summarized in the NBER Reporter, 2000.
  • Reprinted in International Capital Markets, R. Stulz and A. Karolyi, eds. U.K.: Edward Elgar Publishing, 2003.
Froot, Kenneth A.Bank Capital and Risk Management: Issues for Banks and Regulators.” In 7th Risk Management Round Table. Vol. 8. Geneva, Switzerland: International Financial Risk Institute, 2001. Publisher's Version Bank Capital and Risk Management: Issues for Banks and Regulators

IFCI Geneva Research Paper No. 8

2002
Froot, K.A., and J. Donohue. “The Persistence of Emerging Market Equity Flows.” Emerging Markets Review 3, no. 4 (2002): 338–364. The Persistence of Emerging Market Equity Flows

Revised from NBER Working Paper no. 9241, HBS Working Paper no. 03-035, September 2002.

Froot, K.A., and S. Posner. “The Pricing of Event Risks with Parameter Uncertainty.” Geneva Papers on Risk and Insurance Theory 27, no. 2 (2002): 153-165. The Pricing of Event Risks with Parameter Uncertainty

Revised from NBER Working Paper no. 8106, February 2001.

2004
Froot, Kenneth A., and Jessica D. Tjornhom. “Decomposing the Persistence of International Equity Flows.” Finance Research Letters 1, no. 3 (2004): 154-170. Publisher's Version Decomposing the Persistence of International Equity Flows
Finance Research Letters, Volume 1, Issue 3 (September 2004) (Revised from NBER Working Paper 9079)
2007
Froot, K.A.Risk Management, Capital Budgeting and Capital Structure Policy for Insurers and Reinsurers.” Journal of Risk and Insurance 74, no. 2 (2007): 273–299. Risk Management, Capital Budgeting and Capital Structure Policy for Insurers and Reinsurers
  • Winner of Robert C. Witt Award Given annually for the best feature article in the Journal of Risk and Insurance presented by American Risk and Insurance Association.
  • Revised from NBER Working Paper no. 10184, Harvard Business School Working Paper no. 04-035, December 2003.

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