NBER Working Papers and Publications
|September 2018||Ratings and Asset Allocation: An Experimental Analysis|
with Thomas A. Rietz: w25046
|April 2015||AIG in Hindsight|
with Anna Paulson: w21108
Published: Robert McDonald & Anna Paulson, 2015. "AIG in Hindsight," Journal of Economic Perspectives, American Economic Association, vol. 29(2), pages 81-106, Spring. citation courtesy of
|January 2013||Measuring Margin|
|May 2012||Measuring Margin|
in Risk Topography: Systemic Risk and Macro Modeling, Markus Brunnermeier and Arvind Krishnamurthy, editors
|February 2010||Valuing Government Guarantees: Fannie and Freddie Revisited|
with Deborah Lucas
in Measuring and Managing Federal Financial Risk, Deborah Lucas, editor
|January 1990||Understanding Stock Price Behavior around the Time of Equity Issues|
with Robert A. Korajczyk, Deborah Lucas
in Asymmetric Information, Corporate Finance, and Investment, R. Glenn Hubbard, editor
|November 1989||Equity Issues and Stock Price Dynamics|
with Deborah J. Lucas: w3169
Published: Journal of Finance, Vol. XLV, No. 4, pp. 1019-1043, (September 1990). citation courtesy of
|Understanding Stock Price Behavior around the Time of Equity Issues|
with Robert A. Korajczyk, Deborah J. Lucas: w3170
- R. Glenn Hubbard, editor. Assymetric Information, Corporate Economy and Investment. Chicago: University of Chicago, 1990.
- Korajczyk, Robert A., Deborah J. Lucas and Robert L. McDonald. "Equity Issues With Time-Varying Asymmetric Information," Journal of Financial and Quantitative Analysis, 1992, v27(3), 397-418.
|October 1988||The Effect of Information Releases on the Pricing and Timing of Equity Issues: Theory and Evidence|
with Robert A. Korajczyk, Deborah Lucas: w2727
Published: "The Effect of Information Releases on the Pricing and Timing of Equity Issues." From The Review of Financial Studies, Vol. 4, No. 4, pp. 685-708, (1991).
|October 1987||Bank Portfolio Choice with Private Information About Loan Quality: Theory and Implications for Regulation|
with Deborah Lucas: w2421
Published: "Bank Portfolio Choice With Private Information About Loan Quality." From Journal of Banking and Finance, Vol. 11, pp. 473-497, (1987). citation courtesy of
|Bank Financing and Investment Decisions with Asymmetric Information|
with Deborah Lucas: w2422
Published: Rand Journal of Economics 23, No. 1 Spring 1992, 86-105
|September 1986||Dividend and Share Changes: Is There a Financing Hierarchy?|
with Naomi Soderstrom: w2029
|1986||Risk and Required Returns on Debt and Equity|
with Zvi Bodie, Alex Kane
in Financing Corporate Capital Formation, Benjamin M. Friedman, editor
|1985||Inflation and the Role of Bonds in Investor Portfolios|
with Zvi Bodie, Alex Kane
in Corporate Capital Structures in the United States, Benjamin M. Friedman, editor
|August 1984||Debt Policy and the Rate of Return Premium to Leverage|
with Alex Kane, Alan J. Marcus: w1439
Published: Kane, Alex, Marcus, Alan J. and Robert L. McDonald. "Debt Policy and the Rate of Return Premium to Leverage," Journal of Financial and Quantitative Analysis, Vol. 20, No. 4, (Dec. 1985), pp. 479-499. citation courtesy of
|March 1984||How Big is the Tax Advantage to Debt?|
with Alex Kane, Alan J. Marcus: w1286
Published: Kane, Alex, Alan J. Marcus and Robert L. McDonald. "How Big is the Tax Advantage to Debt?" Journal of Finance, Vol. 39, No. 3, (July 1984), pp. 841- 853. citation courtesy of
|June 1983||Why Are Real Interest Rates So High?|
with Zvi Bodie, Alex Kane: w1141
Published: Bodie, Zvi, Alex Kane and Robert L. McDonald. Why Haven't Nominal Rates Declined?" Financial Analysts Journal, Vol. 4 No. 2, (March-April 1984), pp. 16-27.
|March 1983||Inflation and the Role of Bonds in Investor Portfolios|
with Zvi Bodie, Alex Kane: w1091
Published: Bodie, Zvi, Alex Kane, Robert McDonald. "Inflation and the Role of Bonds in Investor Portfolios." Corporate Capital Structures in the United States, edited by Benjamin M. Friedman. Chicago UCP. (1985), pp. 167-194.
|November 1982||The Value of Waiting to Invest|
with Daniel Siegel: w1019
Published: McDonald, Robert L. and Daniel Siegel. "The Value of Waiting to Invest," Quarterly Journal of Eocnomics, Vol. 101, No. 4, (November 1986), pp. 707-727 .
|August 1982||Government Debt and Private Leverage: An Extension of the Miller Theorem|
Published: McDonald, Robert L. "Government Debt and Private Leverage: An Extension ofthe Miller Theorem." Journal of Public Economics, Vol. 22, No. 3, (December 1983), pp. 303-325.