Publications

by members of

Drucker Graduate School of Management
Claremont Graduate University
Claremont, California (United States)

Working papers

2008

1. Los, Cornelis A. & Tungsong, Satjaporn, 2008. "Investment Model Uncertainty and Fair Pricing," MPRA Paper 8859, University Library of Munich, Germany. [Downloadable!]
2. Roberto Pedace & Stephanie Rohn, 2008. "A Warm Embrace or the Cold Shoulder: Wage and Employment Outcomes in Ethnic Enclaves," Working Papers 08-09, Center for Economic Studies, U.S. Census Bureau. [Downloadable!]

2005

1. Cornelis A. Los, 2005. "Measurement of Financial Risk Persistence," Finance 0502013, EconWPA. [Downloadable!]
2. Cornelis A. Los, 2005. "Were Cobb and Douglas Prejudiced? A Critical Re-analysis of their 1928 Production Model Identification," Econometrics 0502013, EconWPA. [Downloadable!]
3. Sutthisit Jamdee & Cornelis A. Los, 2005. "Multifractal Modeling of the US Treasury Term Structure and Fed Funds Rate," Finance 0502021, EconWPA. [Downloadable!]
4. Sutthisit Jamdee & Cornelis A. Los, 2005. "Long Memory Options: LM Evidence and Simulations," Finance 0505003, EconWPA. [Downloadable!]
5. Cornelis A. Los, 2005. "The Degree of Stability of Price Diffusion," Finance 0508006, EconWPA. [Downloadable!]
6. Cornelis A. Los & Bing Yu, 2005. "Persistence Characteristics of the Chinese Stock Markets," Finance 0508008, EconWPA. [Downloadable!]

2004

1. Cornelis A. Los, 2004. "The 1998 Third Annual Survey of Risk Management Practices of Unit Trusts in Singapore," Finance 0409036, EconWPA. [Downloadable!]
2. Cornelis A. Los, 2004. "Optimal Asian Multi-Currency Strategy Portfolios with Exact Risk Attribution," Finance 0409038, EconWPA. [Downloadable!]
3. Cornelis A. Los, 2004. "Visualization of Chaos for Finance Majors," Finance 0409035, EconWPA. [Downloadable!]
4. Cornelis A. Los, 2004. "Nonparametric Testing of the High-Frequency Efficiency of the 1997 Asian Foreign Exchange Markets," Finance 0409040, EconWPA. [Downloadable!]
5. Cornelis A. Los & Jeyanthi Karuppiah, 2004. "Wavelet Multiresolution Analysis of High-Frequency Asian FX Rates, Summer 1997," Finance 0409037, EconWPA. [Downloadable!]
6. Cornelis A. Los, 2004. "Galton's Error and the Under-Representation of Systematic Risk," Finance 0409041, EconWPA. [Downloadable!]
7. Cornelis A. Los, 2004. "Nonparametric Efficiency Testing of Asian Stock Markets Using Weekly Data," Finance 0409033, EconWPA. [Downloadable!]
8. Cornelis A. Los, 2004. "The Changing Concept of Financial Risk," Finance 0409034, EconWPA. [Downloadable!]
9. Cornelis A. Los, 2004. "Valuation of Six Asian Stock Markets: Financial System Identification in Noisy Environments," Finance 0409039, EconWPA. [Downloadable!]
10. Cornelis A. Los, 2004. "Optimal Multi-Currency Investment Strategies with Exact Attribution in Three Asian Countries," Finance 0409047, EconWPA. [Downloadable!]
11. Sutthisit Jamdee & Cornelis A. Los, 2004. "Long Memory Options: Valuation," Finance 0409049, EconWPA. [Downloadable!]
12. Cornelis A. Los & Rossitsa M. Yalamova, 2004. "Multi-Fractal Spectral Analysis of the 1987 Stock Market Crash," Finance 0409050, EconWPA. [Downloadable!]
13. Cornelis A. Los, 2004. "Measuring Financial Cash Flow and Term Structure Dynamics," Finance 0409046, EconWPA. [Downloadable!]
14. Cornelis A. Los & Joanna M. Lipka, 2004. "Long-Term Dependence Characteristics of European Stock Indices," Finance 0409044, EconWPA. [Downloadable!]
15. Sutthisit Jamdee & Cornelis A. Los, 2004. "Dynamic Risk Profile of the US Term Structure by Wavelet MRA," Finance 0409045, EconWPA. [Downloadable!]
16. Cornelis A Los, 2004. "System Identification in Noisy Data Environments: An Application to Six Asian Stock Markets," International Finance 0410005, EconWPA. [Downloadable!]
17. Cornelis A Los, 2004. "The Unscientific Incompleteness and Bias of Unidirectional Projections (= Regressions): A Questionnaire," Econometrics 0410011, EconWPA. [Downloadable!]
18. Cornelis Los, 2004. "Measuring the Degree of Efficiency of Financial Market," Finance 0411003, EconWPA. [Downloadable!]
19. Sijing Zong & Cornelis A. Los & Nyonyo Kyaw, 2004. "Persistence Characteristics of Latin American Financial Markets," Finance 0411013, EconWPA. [Downloadable!]
20. Cornelis A. Los, 2004. "When to Put All Your Eggs in One Basket.....When Diversification Increases Portfolio Risk!," Finance 0411037, EconWPA. [Downloadable!]
21. Nyo Nyo A. Kyaw & Cornelis A. Los & Sijing Zong, 2004. "Persistence Characteristics of Latin American Financial Markets," Finance 0409048, EconWPA. [Downloadable!]
22. Cornelis A. Los, 2004. "The Fed’s Consistent Monetary Policy: A Long Term Perspective," Macroeconomics 0411011, EconWPA. [Downloadable!]
23. Cornelis A. Los, 2004. "Model Uncertainty, Complexity and Rank in Finance," Econometrics 0411013, EconWPA. [Downloadable!]
24. Cornelis A. Los, 2004. "Why VAR Fails: Long Memory and Extreme Events in Financial Markets," Finance 0412014, EconWPA. [Downloadable!]

2003

1. Kenji Ketsuna & Janet Kiholm Smith & Richard L. Smith, 2003. "Banking Relationships and Access to Equity Capital Markets: Evidence from Japan’s Main Bank System," Claremont Colleges Working Papers 2003-09, Claremont Colleges. [Downloadable!]
2. David Fairris & Roberto Pedace, 2003. "The Impact of Minimum Wages on Job Training: An Empirical Exploration with Establishment Data," Working Papers 03-04, Center for Economic Studies, U.S. Census Bureau. [Downloadable!]

2000

1. Janet K. Smith & Richard L. Smith & Karyn L. Williams, 2000. "The SEC's "Fair Value" Standard for Mutual Fund Investment in Restricted Shares and Other Illiquid Securities," Claremont Colleges Working Papers 2000-39, Claremont Colleges. [Downloadable!]
2. Frank Kerins & Janet K. Smith & Richard L. Smith, 2000. "New Venture Opportunity Cost of Capital and Financial Contracting," Claremont Colleges Working Papers 2000-51, Claremont Colleges. [Downloadable!]
3. Roberto Pedace, 2000. "Immigration, Labor Market Mobility, and the Earnings of Native-born Workers: An Occupational Segmentation Approach," Claremont Colleges Working Papers 2000-46, Claremont Colleges. [Downloadable!]

1987

1. R.E. Kalman & C.A. Los, 1987. "The prejudices of least squares, principal components and common factor schemes," Research Paper 8701, Federal Reserve Bank of New York.
2. Cornelis A. Los, 1987. "Identification of a linear system from inexact data: a three variable example," Research Paper 8703, Federal Reserve Bank of New York.

1986

1. Cornelis A. Los, 1986. "The ghost in the box: comment on "what will take the con out of econometrics."," Research Paper 8601, Federal Reserve Bank of New York.
2. Cornelis A. Los, 1986. "Collinearity analysis of a simple money demand equation," Research Paper 8604, Federal Reserve Bank of New York.
3. Cornelis A. Los, 1986. "Quality control of empirical econometrics: a status report," Research Paper 8606, Federal Reserve Bank of New York.
4. Cornelis A. Los, 1986. "Why there is still no empirical evidence for a money equation! Comments on "an historical perspective to the econometrics of money and income."," Research Paper 8614, Federal Reserve Bank of New York.

Undated

1. Kenji Kutsuna & Richard L. Smith, . "Issue Cost and Method of IPO Underwriting: Japan's Change from Auction Method Pricing to Book Building," Claremont Colleges Working Papers 2000-35, Claremont Colleges. [Downloadable!]
2. David Fairris & Roberto Pedace, . "The Impact of Minimum Wages on Job Training: An Empirical Exploration with Establishment Data," Claremont Colleges Working Papers 2000-36, Claremont Colleges. [Downloadable!]

Journal articles

2008

1. Los, Cornelis A. & Yu, Bing, 2008. "Persistence characteristics of the Chinese stock markets," International Review of Financial Analysis, Elsevier, vol. 17(1), pages 64-82. [Downloadable!] (restricted)

2007

1. Kutsuna, Kenji & Smith, Janet Kiholm & Smith, Richard L., 2007. "Banking relationships and access to equity capital markets: Evidence from Japan's main bank system," Journal of Banking & Finance, Elsevier, vol. 31(2), pages 335-360, February. [Downloadable!] (restricted)
2. Kerins, Frank & Kutsuna, Kenji & Smith, Richard, 2007. "Why are IPOs underpriced? Evidence from Japan's hybrid auction-method offerings," Journal of Financial Economics, Elsevier, vol. 85(3), pages 637-666, September. [Downloadable!] (restricted)
3. Jamdee, Sutthisit & Los, Cornelis A., 2007. "Long memory options: LM evidence and simulations," Research in International Business and Finance, Elsevier, vol. 21(2), pages 260-280, June. [Downloadable!] (restricted)
4. Mussaddeq Chowdhury & Roberto Pedace, 2007. "Ethnic Enclaves And Labor Markets: An Analysis Of Immigrant Outcomes In California," Contemporary Economic Policy, Western Economic Association International, vol. 25(2), pages 238-249, 04. [Downloadable!] (restricted)

2006

1. Kyaw, NyoNyo A. & Los, Cornelis A. & Zong, Sijing, 2006. "Persistence characteristics of Latin American financial markets," Journal of Multinational Financial Management, Elsevier, vol. 16(3), pages 269-290, July. [Downloadable!] (restricted)
2. Los, Cornelis A., 2006. "System identification in noisy data environments: An application to six Asian stock markets," Journal of Banking & Finance, Elsevier, vol. 30(7), pages 1997-2024, July. [Downloadable!] (restricted)
3. Cornelis A Los, 2006. "Visualization Of The Road To Chaos For Finance And Economics Majors," The Icfai Journal of Financial Economics, Icfai Press, vol. 0(4), pages 7-34, December.
4. Roberto Pedace, 2006. "Immigration, Labor Market Mobility, and Native-Born Workers," American Journal of Economics and Sociology, Blackwell Publishing, vol. 65(2), pages 313-345, 04. [Downloadable!] (restricted)

2005

1. Karuppiah, Jeyanthi & Los, Cornelis A., 2005. "Wavelet multiresolution analysis of high-frequency Asian FX rates, Summer 1997," International Review of Financial Analysis, Elsevier, vol. 14(2), pages 211-246. [Downloadable!] (restricted)
2. Cornelis A Los, 2005. "Why VaR FailsLong Memory and Extreme Events in Financial Markets," The Icfai Journal of Financial Economics, Icfai Press, vol. 0(3), pages 19-36, September.

2004

1. Kenji Kutsuna, 2004. "Why Does Book Building Drive Out Auction Methods of IPO Issuance? Evidence from Japan," Review of Financial Studies, Oxford University Press for Society for Financial Studies, vol. 17(4), pages 1129-1166. [Downloadable!] (restricted)

2001

1. Hertzel, Michael & Smith, Janet Kiholm & Smith, Richard L, 2001. "Competitive Impact of Strategic Restructuring: Evidence from the Telecommunications Industry," Industrial and Corporate Change, Oxford University Press, vol. 10(1), pages 207-46, March.

1999

1. Chee K. Ng & Janet Kiholm Smith & Richard L. Smith, 1999. "Evidence on the Determinants of Credit Terms Used in Interfirm Trade," Journal of Finance, American Finance Association, vol. 54(3), pages 1109-1129, 06. [Downloadable!] (restricted)
2. Los, Cornelis A., 1999. "Nonparametric testing of the high-frequency efficiency of the 1997 Asian foreign exchange markets," Journal of Multinational Financial Management, Elsevier, vol. 9(3-4), pages 265-289, November. [Downloadable!] (restricted)
3. Los, Cornelis A., 1999. "Galton's Error and the under-representation of systematic risk," Journal of Banking & Finance, Elsevier, vol. 23(12), pages 1793-1829, December. [Downloadable!] (restricted)

1998

1. Lin, Timothy H. & Smith, Richard L., 1998. "Insider reputation and selling decisions: the unwinding of venture capital investments during equity IPOs," Journal of Corporate Finance, Elsevier, vol. 4(3), pages 241-263, September. [Downloadable!] (restricted)
2. Los, Cornelis A., 1998. "Optimal multi-currency investment strategies with exact attribution in three Asian countries," Journal of Multinational Financial Management, Elsevier, vol. 8(2-3), pages 169-198, September. [Downloadable!] (restricted)
3. Roberto Pedace, 1998. "The Impact of Immigration on the Labor Market for Native-Born Workers: Incorporating the Dynamics of Internal Migration," Eastern Economic Journal, Eastern Economic Association, vol. 24(4), pages 449-462, Fall. [Downloadable!]
4. Roberto Pedace, 1998. "The Impact of Immigration on the Labor Market for Native-Born Workers: Incorporating the Dynamics of Internal Migration," Eastern Economic Journal, Palgrave Macmillan Journals, vol. 24(4), pages 449-462, Fall. [Downloadable!] (restricted)

1996

1. Ng, Chee K & Smith, Richard L, 1996. " Determinants of Contract Choice: The Use of Warrants to Compensate Underwriters of Seasoned Equity Issues," Journal of Finance, American Finance Association, vol. 51(1), pages 363-80, March. [Downloadable!] (restricted)

1995

1. Griggs, Frank T & Kim, Dong Man & Smith, Richard L, 1995. "Announcement and Publication Decisions and the Use of Prediction Errors in Cross-Sectional Analysis: Evidence on Seasoned Equity Issues," The Financial Review, Eastern Finance Association, vol. 30(1), pages 139-74, February.

1994

1. Smith, Richard L & Kim, Joo-Hyun, 1994. "The Combined Effects of Free Cash Flow and Financial Slack on Bidder and Target Stock Returns," Journal of Business, University of Chicago Press, vol. 67(2), pages 281-310, April. [Downloadable!] (restricted)

1993

1. Hertzel, Michael G & Smith, Richard L, 1993. " Market Discounts and Shareholder Gains for Placing Equity Privately," Journal of Finance, American Finance Association, vol. 48(2), pages 459-85, June. [Downloadable!] (restricted)

1991

1. Cornelis A. Los, 1991. "A Scientific View of Economic Data Analysis," Eastern Economic Journal, Eastern Economic Association, vol. 17(1), pages 61-71, Jan-Mar. [Downloadable!]
2. Cornelis A. Los, 1991. "A Scientific View of Economic Data Analysis: Reply," Eastern Economic Journal, Eastern Economic Association, vol. 17(4), pages 526-531, Oct-Dec. [Downloadable!]

1990

1. Smith, Janet Kiholm & Smith, Richard L, 1990. "Contract Law, Mutual Mistake, and Incentives to Produce and Disclose Information," Journal of Legal Studies, University of Chicago Press, vol. 19(2), pages 467-88, June.

1988

1. Karl L. Guntermann & Richard L. Smith, 1988. "Licensing Requirements, Enforcement Effort and Complaints Against Real Estate Agents," Journal of Real Estate Research, American Real Estate Society, vol. 3(2), pages 11-20. [Downloadable!]

1987

1. Smith, Richard L, 1987. " The Choice of Issuance Procedure and the Cost of Competitive and Negotiated Underwriting: An Examination of the Impact of Rule 50," Journal of Finance, American Finance Association, vol. 42(3), pages 703-20, July. [Downloadable!] (restricted)

1986

1. Booth, James R. & Smith, Richard II, 1986. "Capital raising, underwriting and the certification hypothesis," Journal of Financial Economics, Elsevier, vol. 15(1-2), pages 261-281. [Downloadable!] (restricted)

1985

1. Smith, Janet K & Smith, Richard L, 1985. "A Theory of Ex Post versus Ex Ante Price Determination," Economic Inquiry, Oxford University Press, vol. 23(1), pages 57-67, January.
2. Los, Cornelis A, 1985. "Measurement Problems of Inflation Disaggregation," Journal of Business & Economic Statistics, American Statistical Association, vol. 3(3), pages 244-53, June.

1984

1. Smith, Richard L & Dhatt, Manjeet, 1984. " Direct Equity Financing; A Resolution of a Paradox: A Comment," Journal of Finance, American Finance Association, vol. 39(5), pages 1615-18, December. [Downloadable!] (restricted)

1982

1. Smith, Richard L, II, 1982. "Franchise Regulation: An Economic Analysis of State Restrictions on Automobile Distribution," Journal of Law & Economics, University of Chicago Press, vol. 25(1), pages 125-57, April.

1981

1. Smith, Richard L, II, 1981. "Efficiency Gains from Strategic Investment," Journal of Industrial Economics, Blackwell Publishing, vol. 30(1), pages 1-23, September. [Downloadable!] (restricted)

1980

1. Smith, Richard L, II, 1980. "The 1958 Automobile Information Disclosure Act: A Study of the Impact of Regulation," Journal of Industrial Economics, Blackwell Publishing, vol. 28(4), pages 387-403, June. [Downloadable!] (restricted)

This page was last updated on 2008-7-1.