中文版
Murray Zed Frank
Professor of Finance, University of Minnesota

murra280@umn.edu

CV

Support Staff: Weina Fan wnfan@saif.sjtu.edu.cn

  • PROFILE
  • RESEARCH
  • TEACHING
Professor Murray Z. Frank is Professor of Finance at the Carlson School of Management, University of Minnesota, and a special-term Professor at Shanghai Advanced Institute of Finance, and in-coming as Second Vice-President of the Midwest Finance Association. Prior to joining the faculty at the University of Minnesota, Frank was a B.I. Ghert Family Foundation Chair Professor at Sauder School of Business, University of British Columbia. Professor Frank is particularly known for his empirical work on corporate capital structure. He has been published in theJournal of Finance, Management Science, the Review of Economic Studies, Quarterly Journal of Economics, Review of Financial Studies, and the Journal of Financial Economics among many others.  Professor Frank has served as the associate editor of the Review of Financial Studies, Finance Research Letters, Canadian Journal of Economics, and the Quarterly Journal of Finance.

Research Interests
Corporate finance, Corporate capital structure

Journal Publications & Working Papers
1. Murray Z. Frank, Tao Shen, 2016, Investment and theWeighted Average Cost of Capital, Journal of Financial Economics.
2. Hong Chen, Murray Z. Frank, 2015, Are Direct Investments by the Federal Reserve a Good Idea? A Corporate Finance Perspective, Quarterly Journal of Finance.
3. Murray Frank, Vidhan Goyal , 2014, The Profits–Leverage Puzzle Revisited, Review of Finance.
4. Murray Frank and Vidhan Goyal, 2009, Capital Structure Decisions: Which Factors are Reliably Important?, Financial Management (USA).
5. Murray Z. Frank and Vidhan K Goyal, 2008, Trade-off and Pecking Order Theories of Debt, Handbook of Corporate Finance: Empirical Corporate Finance.
6. Hong Chen, Murray Z. Frank and OwenWu, 2007, U.S. Retail and Wholesale Inventory Performance from1981 to 2004, Manufacturing and Service Operations Management.
7. Hong Chen, Murray Z. Frank and OwenWu, 2005, What Actually Happened to the Inventories of American Companies Between 1981 and 2000?, Management Science.
8. Werner Antweiler and Murray Z. Frank, 2004, Is all That Talk Just Noise? The Information Content of Internet Stock Message Boards, Journal of Finance.
9. Murray Z. Frank and Vidhan K. Goyal , 2004, The Effect of Market Conditions on Capital Structure Adjustment,, Finance Research Letters.
10. Hong Chen and Murray Frank, 2004, Monopoly Pricing when Customers Queue, IIE Transactions.
11. Murray Z. Frank and Vidhan K. Goyal, 2003, Testing the Pecking Order Theory of Capital Structure, Journal of Financial Economics.
12. Hong Chen and Murray Frank, 2001, State Dependent Pricing with a Queue, IIE Transactions.
13. Murray Frank and Ravi Jagannathan, 1998, Why do Stock Prices Drop by Less Than the Value of the Dividend? Evidence From a Country without Taxes, Journal of Financial Economics.
14. C. Bram Cadsby, Murray Frank, and Vojislav Maksimovic, 1998, Equilibrium Dominance in Experimental Financial Markets, Review of Financial Studies.
15. Robert Forsythe, Murray Frank, Vasu Krishnamurthy and Thomas Ross, 1998, Markets as Predictors of Election Outcomes: Campaign Events and Judgement Bias in the 1993 UBC Election Stock Market, Canadian Public Policy.
16. Murray Frank and Thanasis Stengos, 1997, Chaotic Dynamics in Economic Time-Series, Journal of Economic Surveys.
17. Murray Frank, Ramazan Gencay and Thanasis Stengos, 1996, International Chaos?, European Economic Review.
18. Murray Frank and Thanasis Stengos, 1996, Some Evidence Concerning Macroeconomic Chaos, Journal of Monetary Economics.
19. Boissay, F., M.Z. Frank, and R. Gropp, The Effect of Stock Market Fluctuations On Corporate Cash Flows.
20. Murray Z. Frank, Raj Singh, Tracy Wang, Personal Income Tax and Corporate Investment.
21. Murray Z. Frank and Vidhan K. Goyal, Corporate Leverage Adjustment: How Much Do Managers Really Matter?.
22. Werner Antweiler and Murray Z. Frank, Do US Stock Markets Typically Overreact to Corporate News Stories?.
23. Werner Antweiler and Murray Z. Frank, Does Talk Matter? Evidence From a Broad Cross Section of Stocks.
24. Murray Z. Frank and Vojislav Maksimovic, Trade Credit, Collateral and Adverse Selection.

Teaching Interests
No current data at this time.

Current Courses
No current courses at this time.

Faculty & Research
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