Jeffrey Wurgler

Stern School of Business, Suite 9-190
New York University
44 West 4th Street
New York, NY 10012
Tel: 212/998-0367
Fax: 212/995-4233

E-Mail: EmailAddress: hidden: you can email any NBER-related person as first underscore last at nber dot org
NBER Program Affiliations: AP , CF
NBER Affiliation: Research Associate
Institutional Affiliation: New York University

NBER Working Papers and Publications

October 2018Financing the Response to Climate Change: The Pricing and Ownership of U.S. Green Bonds
with Malcolm Baker, Daniel Bergstresser, George Serafeim: w25194
June 2017Investing in the Presence of Massive Flows: The Case of MSCI Country Reclassifications
with Terence C. Burnham, Harry Gakidis: w23557

Published: Terence C. Burnham & Harry Gakidis & Jeffrey Wurgler, 2018. "Investing in the Presence of Massive Flows: The Case of MSCI Country Reclassifications," Financial Analysts Journal, vol 74(1), pages 77-87.

March 2016The Risk Anomaly Tradeoff of Leverage
with Malcolm Baker, Mathias F. Hoeyer: w22116
May 2013Do Strict Capital Requirements Raise the Cost of Capital? Banking Regulation and the Low Risk Anomaly
with Malcolm Baker: w19018
July 2012Dividends as Reference Points: A Behavioral Signaling Approach
with Malcolm Baker: w18242

Published: Malcolm Baker & Brock Mendel & Jeffrey Wurgler, 2016. "Dividends as Reference Points: A Behavioral Signaling Approach," Review of Financial Studies, Society for Financial Studies, vol. 29(3), pages 697-738. citation courtesy of

August 2011Behavioral Corporate Finance: An Updated Survey
with Malcolm Baker: w17333

Published: Baker, Malcolm, and Jeffrey Wurgler. "Behavioral Corporate Finance: A Current Survey." In Handbook of the Economics of Finance. Vol. 2, edited by George M. Constantinides, Milton Harris, and Rene M. Stulz. Handbooks in Economics. New York, NY: Elsevier, 2012.

September 2010On the Economic Consequences of Index-Linked Investing

Published: “On the Economic Consequences of Index - Linked Investing,” Challenges to Business in the Twenty - First Century: The Way Forward , edited by W.T. Allen, R. Khurana, J. Lorsch, and G. Rosenfeld, American Academy of Arts and Sciences, 2011.

December 2009A Reference Point Theory of Mergers and Acquisitions
with Malcolm Baker, Xin Pan: w15551

Published: Baker, Malcolm, Xin Pan, and Jeffrey Wurgler. "The Effect of Reference Point Prices on Mergers and Acquisitions." Journal of Financial Economics 106, no. 1 (October 2012): 49–71.

January 2008Catering Through Nominal Share Prices
with Malcolm Baker, Robin Greenwood: w13762

Published: Malcolm Baker & Robin Greenwood & Jeffrey Wurgler, 2009. "Catering through Nominal Share Prices," Journal of Finance, American Finance Association, vol. 64(6), pages 2559-2590, December. citation courtesy of

June 2007Investor Sentiment in the Stock Market
with Malcolm Baker: w13189

Published: Malcolm Baker & Jeffrey Wurgler, 2007. "Investor Sentiment in the Stock Market," Journal of Economic Perspectives, American Economic Association, vol. 21(2), pages 129-152, Spring. citation courtesy of

June 2006The Effect of Dividends on Consumption
with Malcolm Baker, Stefan Nagel: w12288

Published: Malcolm Baker & Stefan Nagel & Jeffrey Wurgler, 2007. "The Effect of Dividends on Consumption," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 38(2007-1), pages 231-292. citation courtesy of

November 2004Behavioral Corporate Finance: A Survey
with Malcolm Baker, Richard S. Ruback: w10863

Published: Eckbo, Espen (ed.) Handbook in Corporate Finance: Empirical Corporate Finance. North Holland: Elsevier, 2007.

October 2004Pseudo Market Timing and Predictive Regressions
with Malcolm P. Baker, Ryan Taliaferro: w10823
August 2004Can Mutual Fund Managers Pick Stocks? Evidence from the Trades Prior to Earnings Announcements
with Malcolm Baker, Lubomir Litov, Jessica A. Wachter: w10685

Published: Baker, Malcolm, Lubomir Litov, Jessica A. Wachter, and Jeffrey Wurgler, "Can mutual fund managers pick stocks? Evidence from their trades prior to earnings announcements", Journal of Financial and Quantitative Analysis, Volume 45 - Issue 05. (2010) citation courtesy of

June 2004The Stock Market and Investment: Evidence from FDI Flows
with Malcolm Baker, C. Fritz Foley: w10559
April 2004Investor Sentiment and the Cross-Section of Stock Returns
with Malcolm Baker: w10449

Published: Malcolm Baker & Jeffrey Wurgler, 2006. "Investor Sentiment and the Cross-Section of Stock Returns," Journal of Finance, American Finance Association, vol. 61(4), pages 1645-1680, 08. citation courtesy of

September 2003Appearing and Disappearing Dividends: The Link to Catering Incentives
with Malcolm Baker: w9995

Published: Baker, Malcolm and Jeffrey Wurgler. "Appearing And Disappearing Dividends: The Link To Catering Incentives," Journal of Financial Economics, 2004, v73(2,Aug), 271-288. citation courtesy of

March 2003A Catering Theory of Dividends
with Malcolm Baker: w9542

Published: Baker, Malcolm and Jeffrey Wurgler. "A Catering Theory Of Dividends," Journal of Finance, 2004, v59(3,Jun), 1125-1165. citation courtesy of

April 2002Comovement
with Nicholas Barberis, Andrei Shleifer: w8895

Published: Barberis, Nicholas, Andrei Shleifer and Jeffrey Wurgler. "Comovement," Journal of Financial Economics, 2005, v75(2,Feb), 283-317. citation courtesy of

January 2002When Does the Market Matter? Stock Prices and the Investment of Equity-Dependent Firms
with Malcolm Baker, Jeremy C. Stein: w8750

Published: Baker, Malcolm, Jeremy C. Stein and Jeffrey Wurgler. "When Does The Market Matter? Stock Prices And The Investment Of Equity-Dependent Firms," Quarterly Journal of Economics, 2003, v118(3,Aug), 969-1006. citation courtesy of

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