Boom and Bust Patterns in the Adoption of Financial Innovations (WP No. 96-1)
John C. Persons and Vincent A. Warther

Time-Varying Risk Premia and the Returns to Buying Winners and Selling Losers:
Caveat Emptor et Venditor (WP No. 96-2)
G. Andrew Karolyi and Bong-Chan Kho

Why do Markets Move Together?
An Investigation of U.S.-Japan Return Comovements (WP No. 96-3)
G. Andrew Karolyi and René M. Stulz

Why Firms Use Currency Derivatives (WP No. 96-4)
Christopher Géczy, Bernadette A. Minton, and Catherine Schrand

Adjusted Forward Rates as Predictors of Future Spot Rates (WP No. 96-5)
Stephen A. Buser , G. Andrew Karolyi and Anthony B. Sanders

The Effects of Market Segmentation and Illiquidity on Asset Prices:
Evidence from Foreign Stocks Listing in the U.S. (WP No. 96-6)
Stephen R. Foerster and G. Andrew Karolyi

The Impact of Industry Classifications On Financial Research (WP No. 96-7)
Kathleen M. Kahle and Ralph A. Walkling

Another Look at the Role of the Industrial Structure of Markets for International Diversification Strategies (WP No. 96-8)
John M. Griffin and G. Andrew Karolyi

The Importance of Firm Quotes and Rapid Executions: Evidence from the January 1994 SOES Rules Change (WP No. 96-9)
Jeffrey H. Harris and Paul H. Schultz

An analysis of divisional invesment policies (WP No. 96-10)
Hyun-Han Shin and René M. Stulz

Systematic Valuation Errors and Property Cycles: A Clinical Study of the Sydney Office Market (WP No. 96-11)
Patric H. Hendershott

Uses of Equilibrium Models in Real Estate Research (WP No. 96-12)
Patric H. Hendershott

Identifying and quantifying exposures (WP No. 96-14)
René M. Stulz and Rohan G. Williamson

Why is There a Home Bias? An Analysis of Foreign Portfolio Equity Ownership in Japan (WP No. 96-15)
Jun-Koo Kang and René M. Stulz

Property-Casualty Insurance Guaranty Funds and Insurer Vulnerability to Misfortune (WP No. 96-16)
Soon-Jae Lee and Michael L. Smith

Rethinking Risk Management (WP No. 96-17)
René M. Stulz

The Underreation Hypothesis and the New Issue Puzzle: Evidence From Japan (WP No. 96-18)
Jun-Koo Kang, Yong-Cheol Kim, and René M. Stulz

The Trading Profits of SOES Bandits (WP No. 96-19)
Jeffrey H. Harris and Paul Schultz

Determinants of Institutional Ownership: Implications for Dividend Clienteles (WP No. 96-20)
Deon Strickland

Look at Working Paper Series for 1995