Publications

2003
Hong, Harrison, and Jeremy C Stein. 2003. “Differences of Opinion, Short-Sales Constraints and Market Crashes.” Review of Financial Studies 16 (Summer): 487-525.
rfs-2003.pdf
Baker, Malcolm, Jeremy C Stein, and Jeffrey Wurgler. 2003. “When Does the Market Matter? Stock Prices and the Investment of Equity-Dependent Firms.” Quarterly Journal of Economics 118 (3): 969-1005.
qje-2003.pdf
2002
Kashyap, Anil K, Raghuram Rajan, and Jeremy C Stein. 2002. “Banks as Liquidity Providers: An Explanation for the Co-Existence of Lending and Deposit-Taking.” Journal of Finance LVII (1).
liqpro-jf-final.pdf
Chen, Joseph, Harrison Hong, and Jeremy C Stein. 2002. “Breadth of Ownership and Stock Returns.” Journal of Financial Economics 66 (November-December): 171-205.
breadth-final.pdf
Stein, Jeremy C. 2002. “Information Production and Capital Allocation: Decentralized versus Hierarchical Firms.” Journal of Finance LVII (5): 1891-1921.
hierarchies-jf-final.pdf
2001
Chen, Joseph, Harrison Hong, and Jeremy C Stein. 2001. “Forecasting Crashes: Trading Volume, Past Returns and Conditional Skewness in Stock Prices.” Journal of Financial Economics 61: 345-391.
forecasting-crashes-jfe-sep-01.pdf
Stein, Jeremy C, Stephen E Usher, Daniel LaGattuta, and Jeff Youngen. 2001. “A Comparables Approach to Measuring Cashflow-at-Risk for Non-Financial Firms.” Journal of Applied Corporate Finance 13 (4): 8-17.
jacf_c-far.pdf
2000
Hong, Harrison, Terence Lim, and Jeremy C Stein. 2000. “Bad News Travels Slowly: Size, Analyst Coverage, and the Profitability of Momentum Strategies.” Journal of Finance LV (1): 265-295.
badnews.pdf
Stein, Jeremy C, and David S Scharfstein. 2000. “The Dark Side of Internal Capital Markets: Divisional Rent-Seeking and Inefficient Investment.” Journal of Finance LV (6): 2537-2564.
darksidejoffinal.pdf
Scharfstein, David S, and Jeremy C Stein. 2000. “Herd Behavior and Investment: Reply.” Amercian Economic Review 90 (June): 705-706.
aer-2000a.pdf
Kashyap, Anil K, and Jeremy C Stein. 2000. “What Do A Million Observations on Banks Say About the Transmission of Monetary Policy?” Amercian Economic Review 90 (June): 407-428.
aer-2000b.pdf
1999
Lamont, Owen, and Jeremy C Stein. 1999. “Leverage and House-Price Dynamics in U.S. Cities.” RAND Journal of Economics 30 (3): 498-514.
leverage-house-prices-rand-autumn-99.pdf
Hong, Harrison, and Jeremy C Stein. 1999. “A Unified Theory of Underreaction, Momentum Trading and Overreaction in Asset Markets.” Journal of Finance LIV (6): 2143-2184.
unifiedtheory.pdf
1998
bank-alm-rand-autumn-98.pdf
Froot, Kenneth A, and Jeremy C Stein. 1998. “A New Approach to Capital Budgeting for Financial Institutions.” Journal of Applied Corporate Finance 11: 59-69.
new_approach-98.pdf
Froot, Kenneth A, and Jeremy C Stein. 1998. “Risk Management, Capital Budgeting and Capital Structure Policy for Financial Institutions: An Integrated Approach.” Journal of Financial Economics 47: 55-82.
financial-risk-management-jfe-jan-98.pdf
1997
Kashyap, Anil K, and Jeremy C Stein. 1997. “The Role of Banks in Monetary Policy: A Survey with Implications for the European Monetary Union.” Federal Reserve Bank of Chicago Economics Perspectives 21: 2-19.
monetary-survey-chicago-fed-97.pdf
Stein, Jeremy C. 1997. “Waves of Creative Destruction: Firm-Specific Learning-by-Doing and the Dynamics of Innovation.” Review of Economic Studies 64 (2): 265-288.
waves-restud-april-97.pdf
Stein, Jeremy C. 1997. “Internal Capital Markets and the Competition for Corporate Resources.” Journal of Finance LII (1): 111-133.
internal-capital-markets-jf-march-97.pdf
1996
Stein, Jeremy C. 1996. “Rational Capital Budgeting in an Irrational World.” Journal of Business 69 (4): 429-455.
rational-capital-budgeting-job-oct-96.pdf

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