Professor Murray Z. Frank is Professor of Finance at the Carlson School of Management, University of Minnesota, a Visiting Research Professor of Finance 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 the Journal 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.
Journal Publications
1. Chen, Hong, and Murray Z Frank, 2022, The Effect of Taxation on Corporate Financing and Investment, Review of Corporate Finance Studies.
2. Frank, Murray Zed, and Ali Sanati, 2021, Financing Corporate Growth, Review of Financial Studies.
3. Murray Z. Frank and Mahdi (Pedram) Nezafat, 2019, Testing the Credit Market Timing Hypothesis Using Counterfactual Issue Dates, Journal of Corporate Finance.
4. Murray Z. Frank and Tao Shen, 2019, Corporate Capital Structure Actions, Journal of Banking & Finance.
5. Murray Z. Frank and Ali Sanati, 2018, How Does the Stock Market Absorb Shocks?, Journal of Financial Economics.
6. Chen, Hong, and Murray Frank, 2016, Are Direct Investments by the Federal Reserve a Good Idea? A Corporate Finance Perspective, Quarterly Journal of Finance.
7. Murray Z. Frank, Tao Shen, 2016, Investment and theWeighted Average Cost of Capital, Journal of Financial Economics.
8. Murray Frank, Vidhan Goyal , 2014, The Profits–Leverage Puzzle Revisited, Review of Finance.
9. Murray Frank and Vidhan Goyal, 2009, Capital Structure Decisions: Which Factors are Reliably Important?, Financial Management.
10. H. Chen, O. Wu and M. Frank, 2007, U.S. Retail and Wholesale Inventory Performance from 1981 to 2004, Manufacturing & Service Operations Management.
11. Chen, Hong, Murray Z. Frank, and OwenWu, 2005, What Actually Happened to the Inventories of American Companies Between 1981 and 2000?, Management Science.
12. Werner Antweiler and Murray Z. Frank, 2004, Is all That Talk Just Noise? The Information Content of Internet Stock Message Boards, Journal of Finance.
13. Murray Z. Frank and Vidhan K. Goyal , 2004, The Effect of Market Conditions on Capital Structure Adjustment,, Finance Research Letters.
14. Chen, Hong, and Murray Frank, 2004, Monopoly Pricing when Customers Queue, Iie Transactions.
15. Murray Z. Frank and Vidhan K. Goyal, 2003, Testing the Pecking Order Theory of Capital Structure, Journal of Financial Economics.
16. Chen, Hong, and Murray Z. Frank, 2001, State Dependent Pricing with a Queue, Iie Transactions.
17. C. Bram Cadsby, Murray Frank, and Vojislav Maksimovic, 1998, Equilibrium Dominance in Experimental Financial Markets, Review of Financial Studies.
18. Forsythe, Robert, Murray Frank, Vasu Krishnamurthy, and Thomas W. Ross, 1998, Markets as Predictors of Election Outcomes: Campaign Events and Judgement Bias in the 1993 UBC Election Stock Market, Canadian Public Policy.
19. 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.
20. Murray Frank and Thanasis Stengos, 1996, Some Evidence Concerning Macroeconomic Chaos, Journal of Monetary Economics.
21. Frank, Murray, and Thanasis Stengos, 1988, Chaotic Dynamics in Economic Time-Series, Journal of Economic Surveys.
22. Frank, Murray, Ramazan Gencay, and Thanasis Stengos, 1988, International Chaos?, European Economic Review.
Working Papers
1. Hong Chen and Murray Frank, 2021, Debt Financing Investment in the Long Run.2. Murray Frank and Keer Yang, 2021, Which Firms Have More Predictable Profits?.
3. Murray Z. Frank, Keer Yang, 2019, Does Finance Flow to High Productivity Firms?.
