Staff Papers and Analyses

Working papers in the series were prepared in full or in part by SEC staff economists in the Division of Economic and Risk Analysis. They investigate a broad range of issues relevant to the Commission's mission and are disseminated to stimulate discussion and critical comment to the benefit of the public. DERA Working Papers are preliminary materials that have not been approved by the Commission and reflect only the views of the author(s).

White papers and analyses are prepared by SEC staff in the course of rulemaking and other Commission initiatives. Some of these materials are available elsewhere on the Commission website.

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Date	Title	Type
Date: Dec. 2022	Title: Tick Sizes and Market Quality: Revisiting the Tick Size Pilot Yashar H. Barardehi, Peter Dixon, Qiyu Liu, and Ariel Lohr	Type: Working Papers
Date: July 2020	Title: Cash Management and Extreme Liquidity Demand of Mutual Funds Giulio Girardi, Christof Stahel, and Youchang W	Type: Working Papers
Date: March 2020	Title: The Unit-Weighted Mean - Because Size Matters Eugene Canjels	Type: Working Papers
Date: Feb. 2020	Title: Bond Liquidity and Dealer Inventories: Insights from US and European Regulatory Data Plamen Ivanov, Alexei Orlov, and Michael Schihl	Type: Working Papers
Date: Oct. 2019	Title: Encouraging Broker and Adviser Background Checks: A Randomized Study on Twitter K. Jeremy Ko, Sai Rao, and Parth Venkat	Type: Working Papers
Date: Feb. 2018	Title: Intentional Access Delays, Market Quality, and Price Discovery: Evidence from IEX Becoming an Exchange Edwin Hu	Type: Working Papers
Date: Nov. 2017	Title: Did Social Interactions Fuel or Suppress the US Housing Bubble? K. Jeremy Ko, Christo Pirinsky	Type: Working Papers
Date: June 2017	Title: Mutual Funds Apart From the Crowd Nadia Vozlyublennaia and Youchang Wu	Type: Working Papers
Date: May 2017	Title: Hedge Fund Liquidity Management George O. Aragon, Tolga Ergun, Mila Getmansky, and Giulio Girardi	Type: Working Papers
Date: May 2016	Title: Security Recommendations and the Liability of Broker-Dealers Matthew L. Kozora	Type: Working Papers
Date: April 2016	Title: Mutual Funds Apart From the Crowd Nadia Vozlyublennaia and Youchang Wu See Latest Revision (6/23/17)	Type: Working Papers
Date: Feb. 2016	Title: Manipulation of Illiquid Asset Indexes K. Jeremy Ko, Igor Kozhanov, and Sean Wilkoff	Type: Working Papers
Date: July 2015	Title: Public versus Private Provision of Governance: The Case of Proxy Access Tara Bhandari, Peter Iliev, and Jonathan Kalodimos	Type: Working Papers
Date: May 2015	Title: The Effects of Regulating Hidden Add-on Costs K. Jeremy Ko and Jared Williams	Type: Working Papers
Date: Jan. 2015	Title: Too Fast or Too Slow? Determining the Optimal Speed of Financial Markets Daniel Fricke and Austin Gerig	Type: Working Papers
Date: Jan. 2015	Title: High-Frequency Trading Synchronizes Prices in Financial Markets Austin Gerig	Type: Working Papers
Date: Dec. 2014	Title: Liquidity Risk, Speculative Trade, and the Optimal Latency of Financial Markets Daniel Fricke and Austin Gerig See Latest Revision (1/21/15) Abstract Daniel Fricke and Austin Gerig	Type: Working Papers
Date: Dec. 2014	Title: Automated Liquidity Provision Austin Gerig and David Michayluk	Type: Working Papers
Date: Dec. 2014	Title: Making the Most of Good Times: Shareholder Rights and Performance Revisited Tara Bhandari	Type: Working Papers
Date: Dec. 2014	Title: Differences of Opinion and Stock Prices: Evidence from Spin-Offs and Mergers Tara Bhandari	Type: Working Papers
Date: Dec. 2014	Title: Going Public Abroad Cecilia Caglio, Kathleen Weiss Hanley and Jennifer Marietta-Westberg DERA Working Paper 2013-01	Type: Working Papers
Date: Dec. 2014	Title: Do Takeover Laws Matter? Evidence from Five Decades of Hostile Takeovers Matthew D. Cain, Stephen B. McKeon and Steven Davidoff Solomon	Type: Working Papers
Date: April 2014	Title: Differences in the Information Environment Prior to SEOs under Relaxed Disclosure Regulation Sarah B. Clinton, Joshua T. White and Tracie Woidtke DERA Working Paper 2013-05	Type: Working Papers
Date: Jan. 2014	Title: The Economic Implications of Money Market Fund Capital Buffers Craig M. Lewis DERA Working Paper 2014-01	Type: Working Papers
Date: Nov. 2013	Title: Going Public Abroad Cecilia Caglio, Kathleen Weiss Hanley and Jennifer Marietta-Westberg See Latest Version (12/1/14)	Type: Working Papers
Date: Sept. 2013	Title: The Effects of Regulating Hidden Add-on Costs K. Jeremy Ko and Jared Williams See Latest Version (5/9/15) DERA Working Paper 2013-03	Type: Working Papers
Date: July 2013	Title: Appointments of Academic Directors Joshua T. White, Tracie Woidtke, Harold A. Black and Robert L. Schweitzer DERA Working Paper 2013-02	Type: Working Papers
Date: July 2013	Title: Analyst Competition and Monitoring:Earnings Management in Neglected Firms Laura Lindsey and Simona Mola DERA Working Paper 2013-04	Type: Working Papers

Staff Papers and Analyses

Abstract