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Anat Admati

 

Research


Working Papers

"Fallacies, Irrelevant Facts, and Myths in the Discussion of Capital Regulation: Why Bank Equity is Not Expensive."
Anat R. Admati, Peter M. DeMarzo, Martin R. Hellwig, and Paul Pfleiderer, revised October 2010,
Rock Center for Corporate Governance at Stanford University Working Paper No. 86,
Stanford Graduate School of Business Research Paper No. 2065.

"Increased-Liability Equity: A Proposal to Improve Capital Regulation of Large Financial Instituions,"
by Anat Admati and Paul Pfleiderer, Stanford Graduate School of Business Working Paper, revised June, 2010.

 

Published Papers

“The Wall Street Walk and Shareholder Activism: Exit as a Form of Voice” (with
Paul Pfleiderer), Review of Financial Studies, Vol. 22, 2009, pp. 2245-2285.

"Broadcasting Opinions with an Overconfident Sender"
(with Paul Pfleiderer), International Economic Review, Vol. 45, 2004, pp. 467-498.

"Forcing Firms to Talk: Financial Disclosure Regulation and Externalities" (with
Paul Pfleiderer), Review of Financial Studies, Vol. 13, 2000, pp. 479-519.

A review of “Capital Ideas and Market Realities: Option Replication, Investor
Behavior, and Stock Market Crashes,”
by Bruce I. Jacobs, Journal of Economic
Literature, Vol. 38, 2000, pp. 958-960.

"Does it All Add Up? Benchmarks and the Compensation of Active Portfolio Managers,”
(with Paul Pfleiderer), Journal of Business, July 1997, pages 323-350.

"Large Shareholder Activisim, Risk Sharing, and Financial Market Equilibrium,"
Journal of Political Economy, Vol. 102, 1994, pp. 1097-1130.

"Robust Financial Contracting and the Role of Venture Capitalists,"
Journal of Finance, Vol. 49, June 1994, pp. 371-402.

"Trading Volume" (with Paul Pfleiderer), The New Palgrave Dictionary of Money
and Finance, 1993.

"Trading on Information in Financial Markets" (with Paul Pfleiderer), The New
Palgrave Dictionary of Money and Finance, 1993.

"Sunshine Trading and Financial Market Equilibrium" (with Paul Pfleiderer),
Review of Financial Studies, Vol. 4, 1991, pp. 443–482.

"Joint Projects Without Commitment" (with Motty Perry), Review of Economic
Studies, Vol. 58, 1991, pp. 259–276.

"Direct and Indirect Sale of Information,'' (with Paul Pfleiderer), Econometrica, Vol.
58, July 1990, pp. 901–928. Reprinted in Stephen A. Ross, Mentor: Influence
through Generations, Mark Grinblatt, editor, McGraw Hill, 2007.

"Divide and Conquer: A Theory of Intraday and Day-of-the-Week Mean Effects"
(with Paul Pfleiderer), Review of Financial Studies, Vol. 2, 1989, pp. 189–223.

"A Theory of Intraday Trading Patterns: Volume and Price Variability" (with Paul
Pfleiderer), Review of Financial Studies, Vol. 1, March 1988, pp. 3–40. Reprinted in
Frontiers of Finance: The Batterymarch Fellowship Papers, Deborah H. Miller and
Stuart Myers (editors); Basil Blackwell, 1990. Reprinted in Stephen A. Ross,
Mentor: Influence through Generations, Mark Grinblatt, editor, McGraw Hill, 2007. 

"Selling and Trading on Information in Financial Markets" (with Paul Pfleiderer),
American Economic Review, May 1988, pp. 96–103.

"Strategic Delay in Bargaining" (with Motty Perry), Review of Economic Studies,
Vol. LIV, July 1987, pp. 345–364.

"Viable Allocations of Information in Financial Markets'' (with Paul Pfleiderer),
Journal of Economic Theory, Vol. 43, October 1987, pp. 76–115.

"On Timing and Selectivity" (with Paul Pfleiderer, Sudipto Bhattacharya and
Stephen A. Ross), Journal of Finance, July 1986, pp. 715–730.

"Information in Financial Markets: The Rational Expectations Approach," in
Frontiers of Modern Financial Theory: Volume 2 (Financial Markets and
Incomplete Information), Edited by Bhattacharya and Constantinides, Rowman and
Littlefield Publishers, 1989, pp. 139–152.

"A Monopolistic Market for Information" (with Paul Pfleiderer), Journal of
Economic Theory, July 1986, pp. 400–438.

"Interpreting the Factor Risk Premia in the Arbitrage Pricing Theory" (with Paul
Pfleiderer), Journal of Economic Theory, February 1985, pp. 191–195.

"Measuring Investment Performance in a Rational Expectations Equilibrium Model"
(with Stephen A. Ross), Journal of Business, Vol. 58, January 1985, pp. 1–26. Corrigendum.

"A Noisy Rational Expectations Equilibrium for Multi-Asset Securities Markets,"
Econometrica , Vol. 53, May 1985, pp. 629–657.