Robert W. Vishny

University of Chicago - Booth School of Business

Distinguished Service Professor of Finance

5807 S. Woodlawn Avenue

Chicago, IL 60637

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

42

DOWNLOADS
Rank 681

SSRN RANKINGS

Top 681

in Total Papers Downloads

44,548

SSRN CITATIONS
Rank 20

SSRN RANKINGS

Top 20

in Total Papers Citations

3,284

CROSSREF CITATIONS

9,143

Scholarly Papers (42)

1.
Downloads 20,463 ( 155)
Citation 454

Investor Protection and Corporate Governance

Number of pages: 40 Posted: 27 Jul 2000
Dartmouth College - Tuck School of Business, SKEMA Business School, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 15,940 (253)
Citation 180

Abstract:

Loading...

Investor Protection and Corporate Valuation

Number of pages: 45 Posted: 13 Dec 1999
Dartmouth College - Tuck School of Business, SKEMA Business School, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 3,695 (3,555)
Citation 313

Abstract:

Loading...

Investor Protection and Corporate Valuation

Number of pages: 44 Posted: 26 Jul 2000 Last Revised: 25 Sep 2021
Dartmouth College - Tuck School of Business, SKEMA Business School, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 828 (37,051)
Citation 1

Abstract:

Loading...

Investor Protection and Corporate Valuation

Posted: 29 Nov 2003
Dartmouth College - Tuck School of Business, SKEMA Business School, Harvard University - Department of Economics and University of Chicago - Booth School of Business

Abstract:

Loading...

2.
Downloads 3,492 ( 3,997)
Citation 490

Agency Problems and Dividend Policies Around the World

Number of pages: 36 Posted: 14 Jan 1998
SKEMA Business School, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 2,989 (5,126)
Citation 4

Abstract:

Loading...

Agency Problems and Dividend Policies Around the World

Number of pages: 40 Posted: 10 Jul 2000 Last Revised: 10 Jul 2021
Dartmouth College - Tuck School of Business, SKEMA Business School, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 503 (71,191)
Citation 46

Abstract:

Loading...

3.
Downloads 3,353 ( 4,276)
Citation 135

Stock Market Driven Acquisitions

Number of pages: 29 Posted: 04 Oct 2001
Andrei Shleifer and Robert W. Vishny
Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 3,185 (4,597)
Citation 133

Abstract:

Loading...

Stock Market Driven Acquisitions

Number of pages: 29 Posted: 20 Aug 2001 Last Revised: 25 Jul 2021
Andrei Shleifer and Robert W. Vishny
Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 168 (226,709)
Citation 9

Abstract:

Loading...

4.
Downloads 3,176 ( 4,709)
Citation 4

A Survey of Corporate Governance

Number of pages: 80 Posted: 28 Oct 1996 Last Revised: 07 Mar 2021
Andrei Shleifer and Robert W. Vishny
Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 3,176 (4,629)
Citation 4

Abstract:

Loading...

A Survey of Corporate Governance

Journal of Finance Volume 52, No. 2, 1997
Posted: 23 Jun 1998
Andrei Shleifer and Robert W. Vishny
Harvard University - Department of Economics and University of Chicago - Booth School of Business

Abstract:

Loading...

5.
Downloads 1,839 ( 11,462)

Law and Finance

Number of pages: 80 Posted: 27 Sep 1996 Last Revised: 21 Jun 2021
Dartmouth College - Tuck School of Business, SKEMA Business School, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 1,839 (11,257)
Citation 378

Abstract:

Loading...

Law and Finance

Journal of Political Economy, Vol. 106, No. 6, December 1998
Posted: 26 Nov 1998
Dartmouth College - Tuck School of Business, SKEMA Business School, Harvard University - Department of Economics and University of Chicago - Booth School of Business

Abstract:

Loading...

Law and Finance

University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship
Posted: 17 Nov 2009
Dartmouth College - Tuck School of Business, Dongeui University, Harvard University - Department of Economics and University of Chicago - Booth School of Business

Abstract:

Loading...

Legal protection, Shareholders, Investors, Public firms, Legal systems

6.
Downloads 1,257 ( 20,689)
Citation 84

A Model of Shadow Banking

Journal of Finance, Forthcoming
Number of pages: 65 Posted: 08 May 2012
Nicola Gennaioli, Andrei Shleifer and Robert W. Vishny
Bocconi University - Department of Finance, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 791 (39,467)
Citation 8

Abstract:

Loading...

A Model of Shadow Banking

Chicago Booth Research Paper No. 12-38, Fama-Miller Working Paper
Number of pages: 66 Posted: 21 Aug 2012
Nicola Gennaioli, Andrei Shleifer and Robert W. Vishny
Bocconi University - Department of Finance, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 389 (96,697)
Citation 83

Abstract:

Loading...

A Model of Shadow Banking

Number of pages: 56 Posted: 12 Jun 2011 Last Revised: 08 Oct 2021
Nicola Gennaioli, Andrei Shleifer and Robert W. Vishny
Bocconi University - Department of Finance, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 77 (395,345)

Abstract:

Loading...

7.
Downloads 1,247 ( 20,921)
Citation 640

Legal Determinants of External Finance

Number of pages: 30 Posted: 12 Mar 1997 Last Revised: 26 Jul 2021
Dartmouth College - Tuck School of Business, SKEMA Business School, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 1,247 (20,571)
Citation 22

Abstract:

Loading...

Legal Determinants of External Finance

Journal of Finance, Vol. 52, No. 2 (1997).
Posted: 27 Jun 1997
SKEMA Business School, Harvard University - Department of Economics and University of Chicago - Booth School of Business

Abstract:

Loading...

8.
Downloads 1,177 ( 22,782)
Citation 98

Contrarian Investment, Extrapolation, and Risk

Number of pages: 48 Posted: 27 Apr 2000 Last Revised: 02 Jun 2021
Josef Lakonishok, Andrei Shleifer and Robert W. Vishny
University of Illinois at Urbana-Champaign, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 1,177 (22,380)
Citation 98

Abstract:

Loading...

Contrarian Investment, Extrapolation, and Risk

JOURNAL OF FINANCE, VOL. 49, NO. 5, December 1994
Posted: 26 Oct 1999
Josef Lakonishok, Andrei Shleifer and Robert W. Vishny
University of Illinois at Urbana-Champaign, Harvard University - Department of Economics and University of Chicago - Booth School of Business

Abstract:

Loading...

9.

Corruption

Number of pages: 26 Posted: 24 Jan 2007 Last Revised: 09 May 2012
Andrei Shleifer and Robert W. Vishny
Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 1,079 (25,893)
Citation 23

Abstract:

Loading...

10.
Downloads 861 ( 35,625)

A Model of Investor Sentiment

Number of pages: 44 Posted: 08 Jul 2000 Last Revised: 12 Sep 2021
National Bureau of Economic Research (NBER)Yale School of Management, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 861 (35,097)
Citation 27

Abstract:

Loading...

A Model of Investor Sentiment

Posted: 19 Feb 1997
National Bureau of Economic Research (NBER)Yale School of Management, Harvard University - Department of Economics and University of Chicago - Booth School of Business

Abstract:

Loading...

11.
Downloads 820 ( 38,084)
Citation 49

Unstable Banking

Number of pages: 45 Posted: 29 Apr 2009
Andrei Shleifer and Robert W. Vishny
Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 653 (51,099)
Citation 51

Abstract:

Loading...

securitization, leverage, crisis, cycle

Unstable Banking

Number of pages: 46 Posted: 12 May 2009 Last Revised: 02 May 2021
Andrei Shleifer and Robert W. Vishny
Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 167 (226,709)

Abstract:

Loading...

12.
Downloads 698 ( 47,380)
Citation 109

The Limits of Arbitrage

Number of pages: 27 Posted: 18 Jun 2000 Last Revised: 14 Feb 2021
Andrei Shleifer and Robert W. Vishny
Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 698 (46,746)
Citation 108

Abstract:

Loading...

The Limits of Arbitrage

J. OF FINANCE, Vol. 52 No. 1, March 1997
Posted: 16 Jan 1997
Andrei Shleifer and Robert W. Vishny
Harvard University - Department of Economics and University of Chicago - Booth School of Business

Abstract:

Loading...

13.
Downloads 682 ( 48,899)
Citation 186

Financial Innovation and Financial Fragility

FEEM Working Paper No. 114.2010
Number of pages: 48 Posted: 09 Oct 2010
Nicola Gennaioli, Andrei Shleifer and Robert W. Vishny
Bocconi University - Department of Finance, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 583 (59,110)
Citation 2

Abstract:

Loading...

Financial Innovation, Financial Fragility, Securities, Risks

Neglected Risks, Financial Innovation, and Financial Fragility

Number of pages: 49 Posted: 14 Jun 2010 Last Revised: 28 Nov 2021
Nicola Gennaioli, Andrei Shleifer and Robert W. Vishny
Bocconi University - Department of Finance, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 99 (337,933)
Citation 35

Abstract:

Loading...

14.

Management Ownership and Corporate Performance: an Empirical Analysis

Number of pages: 32 Posted: 09 Jun 2004 Last Revised: 15 Aug 2021
Randall Morck, Andrei Shleifer and Robert W. Vishny
University of Alberta - Department of Finance and Statistical Analysis, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 462 (79,748)
Citation 1

Abstract:

Loading...

15.

Good News for Value Stocks: Further Evidence on Market Efficiency

Number of pages: 24 Posted: 02 Sep 2000 Last Revised: 08 Jul 2021
Dartmouth College - Tuck School of Business, University of Illinois at Urbana-Champaign, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 361 (106,095)
Citation 9

Abstract:

Loading...

16.
Downloads 304 (128,010)
Citation 119

Money Doctors

Chicago Booth Research Paper No. 12-39, Fama-Miller Working Paper
Number of pages: 41 Posted: 21 Aug 2012
Nicola Gennaioli, Andrei Shleifer and Robert W. Vishny
Bocconi University - Department of Finance, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 226 (172,118)
Citation 1

Abstract:

Loading...

Money Doctors

Number of pages: 41 Posted: 22 Jun 2012 Last Revised: 28 Feb 2021
Nicola Gennaioli, Andrei Shleifer and Robert W. Vishny
Bocconi University - Department of Finance, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 78 (392,360)
Citation 38

Abstract:

Loading...

17.
Downloads 285 (136,994)

The Quality of Goverment

Number of pages: 61 Posted: 18 Oct 1998 Last Revised: 20 Nov 2021
Dartmouth College - Tuck School of Business, SKEMA Business School, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 285 (136,326)

Abstract:

Loading...

The Quality of Government

Posted: 18 May 1999
Dartmouth College - Tuck School of Business, SKEMA Business School, Harvard University - Department of Economics and University of Chicago - Booth School of Business

Abstract:

Loading...

18.

Investor Protection: Origins, Consequences, and Reform

Number of pages: 44 Posted: 26 Jul 2000 Last Revised: 20 Oct 2021
Dartmouth College - Tuck School of Business, SKEMA Business School, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 272 (143,826)
Citation 3

Abstract:

Loading...

19.

Trust in Large Organizations

Number of pages: 14 Posted: 28 Mar 1997 Last Revised: 04 Oct 2010
Dartmouth College - Tuck School of Business, SKEMA Business School, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 249 (157,121)
Citation 64

Abstract:

Loading...

20.

Window Dressing by Pension Fund Managers

Number of pages: 15 Posted: 08 Jan 2008 Last Revised: 21 Nov 2021
University of Illinois at Urbana-Champaign, Harvard University - Department of Economics, University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 233 (167,547)
Citation 14

Abstract:

Loading...

Do Managerial Objectives Drive Bad Acquisitions?

Number of pages: 25 Posted: 14 Apr 2007 Last Revised: 13 Sep 2021
Randall Morck, Andrei Shleifer and Robert W. Vishny
University of Alberta - Department of Finance and Statistical Analysis, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 228 (171,355)

Abstract:

Loading...

Do Managerial Objectives Drive Bad Acquisitions?

Journal of Finance. 45(1) 31-48, March 1990, University of Alberta School of Business Research Paper No. 2013-635
Posted: 08 Jun 2013
Randall Morck, Andrei Shleifer and Robert W. Vishny
University of Alberta - Department of Finance and Statistical Analysis, Harvard University - Department of Economics and University of Chicago - Booth School of Business

Abstract:

Loading...

22.

Do Institutional Investors Destabilize Stock Prices? Evidence on Herding and Feedback Trading

Number of pages: 32 Posted: 27 Apr 2000 Last Revised: 04 Jan 2021
Josef Lakonishok, Andrei Shleifer and Robert W. Vishny
University of Illinois at Urbana-Champaign, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 211 (184,033)
Citation 44

Abstract:

Loading...

23.

Industrialization and the Big Push

Number of pages: 34 Posted: 28 May 2004 Last Revised: 27 Nov 2021
Kevin M. Murphy, Andrei Shleifer and Robert W. Vishny
University of Chicago, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 206 (188,166)
Citation 61

Abstract:

Loading...

24.

Characteristics of Hostile and Friendly Takeover Targets

Number of pages: 44 Posted: 27 Apr 2000 Last Revised: 11 Apr 2021
Randall Morck, Andrei Shleifer and Robert W. Vishny
University of Alberta - Department of Finance and Statistical Analysis, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 198 (195,131)
Citation 4

Abstract:

Loading...

25.

The Allocation of Talent: Implications for Growth

Number of pages: 44 Posted: 05 Jul 2004 Last Revised: 26 Aug 2021
Kevin M. Murphy, Andrei Shleifer and Robert W. Vishny
University of Chicago, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 188 (204,460)
Citation 76

Abstract:

Loading...

26.
Downloads 174 (218,690)
Citation 4

Asset Fire Sales and Credit Easing

Number of pages: 13 Posted: 09 Jan 2010
Andrei Shleifer and Robert W. Vishny
Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 132 (275,046)
Citation 1

Abstract:

Loading...

unstable banking, government security purchases

Asset Fire Sales and Credit Easing

Number of pages: 14 Posted: 18 Jan 2010 Last Revised: 09 Oct 2021
Andrei Shleifer and Robert W. Vishny
Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 42 (530,667)
Citation 3

Abstract:

Loading...

The Proper Scope of Government: Theory and an Application to Prisons

Number of pages: 58 Posted: 08 Jan 1997 Last Revised: 14 Mar 2021
Oliver Hart, Andrei Shleifer and Robert W. Vishny
Harvard University - Department of Economics, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 154 (242,877)
Citation 11

Abstract:

Loading...

The Proper Scope of Government: Theory and an Application to Prisons

Quarterly Journal of Economics, Vol. 112, No. 4, November 1997
Posted: 28 Apr 1998
Oliver Hart, Andrei Shleifer and Robert W. Vishny
Harvard University - Department of Economics, Harvard University - Department of Economics and University of Chicago - Booth School of Business

Abstract:

Loading...

28.

Alternative Mechanisms for Corporate Control

Number of pages: 39 Posted: 17 May 2000 Last Revised: 04 Jun 2021
Randall Morck, Andrei Shleifer and Robert W. Vishny
University of Alberta - Department of Finance and Statistical Analysis, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 129 (280,321)
Citation 18

Abstract:

Loading...

29.

Income Distribution, Market Size, and Industrialization

Number of pages: 41 Posted: 11 Jun 2007 Last Revised: 28 Nov 2021
Kevin M. Murphy, Andrei Shleifer and Robert W. Vishny
University of Chicago, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 113 (306,819)
Citation 10

Abstract:

Loading...

30.

Fire Sales in Finance and Macroeconomics

Number of pages: 37 Posted: 27 Dec 2010 Last Revised: 23 Jun 2021
Andrei Shleifer and Robert W. Vishny
Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 108 (316,615)
Citation 55

Abstract:

Loading...

31.
Downloads 99 (335,493)
Citation 92

Banks as Patient Fixed Income Investors

Number of pages: 49 Posted: 01 Mar 2014
Harvard University - Business School (HBS), Harvard University - Department of Economics, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 73 (407,673)
Citation 3

Abstract:

Loading...

Banks, shadow banks, money creation

Banks as Patient Fixed-Income Investors

Number of pages: 48 Posted: 24 Jul 2014 Last Revised: 09 Jun 2021
Harvard University - Business School (HBS), Harvard University - Department of Economics, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 26 (625,081)
Citation 49

Abstract:

Loading...

32.

Pervasive Shortages Under Socialism

Number of pages: 21 Posted: 10 Jul 2007 Last Revised: 12 Nov 2021
Andrei Shleifer and Robert W. Vishny
Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 77 (391,235)
Citation 3

Abstract:

Loading...

33.
Downloads 71 (409,268)
Citation 6

Privatization in the United States

Number of pages: 39 Posted: 16 Jul 2000 Last Revised: 23 Jun 2021
SKEMA Business School, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 71 (414,092)
Citation 6

Abstract:

Loading...

Privatization in the United States

RAND JOURNAL OF ECONOMICS, Vol. 28, No. 3, Autumn 1997
Posted: 29 Jul 1997
Harvard University - Department of Economics, SKEMA Business School and University of Chicago - Booth School of Business

Abstract:

Loading...

34.

Asset Sales and Debt Capacity

Number of pages: 41 Posted: 04 Apr 2004 Last Revised: 23 May 2021
Andrei Shleifer and Robert W. Vishny
Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 67 (422,168)

Abstract:

Loading...

35.

Neglected Risks: The Psychology of Financial Crises

Number of pages: 12 Posted: 27 Jan 2015 Last Revised: 17 Jul 2021
Nicola Gennaioli, Andrei Shleifer and Robert W. Vishny
Bocconi University - Department of Finance, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 58 (453,630)
Citation 18

Abstract:

Loading...

36.

Building Blocks of Market Clearing Business Cycle Models

Number of pages: 53 Posted: 29 Dec 2006 Last Revised: 18 Sep 2021
Kevin M. Murphy, Andrei Shleifer and Robert W. Vishny
University of Chicago, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 54 (468,683)
Citation 1

Abstract:

Loading...

37.

Increasing Returns, Durables and Economic Fluctuations

Number of pages: 44 Posted: 03 Oct 2007 Last Revised: 27 Sep 2021
Kevin M. Murphy, Andrei Shleifer and Robert W. Vishny
University of Chicago, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 52 (476,649)

Abstract:

Loading...

38.
Downloads 28 (594,834)
Citation 13

Finance and the Preservation of Wealth

Number of pages: 40 Posted: 18 Jun 2013 Last Revised: 28 Mar 2021
Nicola Gennaioli, Andrei Shleifer and Robert W. Vishny
Bocconi University - Department of Finance, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 27 (617,989)

Abstract:

Loading...

Finance and the Preservation of Wealth

Number of pages: 51 Posted: 02 Jun 2014
Nicola Gennaioli, Andrei Shleifer and Robert W. Vishny
Bocconi University - Department of Finance, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 1 (837,405)
Citation 2
  • Add to Cart

Abstract:

Loading...

Finance Income Share, Wealth Preservation

39.

The Efficiency of Investment in the Presence of Aggregate Demand Spillovers

Number of pages: 17 Posted: 18 Aug 2004 Last Revised: 13 Oct 2021
Andrei Shleifer and Robert W. Vishny
Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 23 (627,895)
Citation 3

Abstract:

Loading...

40.

The Differences between Hostile & Friendly Takeovers

National Bureau of Economic Research Conference Volume, University of Chicago Press, 1988, University of Alberta School of Business Research Paper No. 2013-637
Posted: 15 Feb 2014
Randall Morck, Andrei Shleifer and Robert W. Vishny
University of Alberta - Department of Finance and Statistical Analysis, Harvard University - Department of Economics and University of Chicago - Booth School of Business

Abstract:

Loading...

41.

The Stock Market and Investment: Is the Market a Sideshow?

Brookings Papers on Economic Activity, Vol. 21, No. 2, 1990, University of Alberta School of Business Research Paper No. 2013-634
Posted: 14 Feb 2014
Randall Morck, Andrei Shleifer and Robert W. Vishny
University of Alberta - Department of Finance and Statistical Analysis, Harvard University - Department of Economics and University of Chicago - Booth School of Business

Abstract:

Loading...

42.

Management Ownership and Market Valuation: An Empirical Analysis

University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship
Posted: 17 Nov 2009
Randall Morck, Andrei Shleifer and Robert W. Vishny
University of Alberta - Department of Finance and Statistical Analysis, Harvard University - Department of Economics and University of Chicago - Booth School of Business

Abstract:

Loading...

Inside ownership, Family firms, Operator ownership, Market value, Valuation, Boards of directors, Shareholders, Founders