Alexander Ljungqvist Ira Rennert Professor of Finance, NYU Director of Research, Berkley Center Program Director, Salomon Center Research Associate, NBER Research Fellow, CEPR Editor, Review of Financial Studies Phone: (212) 998-0304 Fax :  (212) 995-4220 Email:  aljungqv "at" stern.nyu.edu Office: Salomon Center 9-59 44 West Fourth Street, Suite 9-160  New York, NY 10012-1126

Research Interests:

• Financial Intermediation
• Investment Banking
• Initial Public Offerings
• Entrepreneurial Finance, Venture Capital, and Private Equity
  
• Corporate Governance
• Behavioral Corporate Finance
• Asset Pricing
  

Publications:

• "Informational Holdup and Performance Persistence in Venture Capital" (with Y. Hochberg and A. Vissing-Jorgensen), Review of Financial Studies (forthcoming).
• "Monitoring Managers: Does It Matter?" (with F. Cornelli and Z. Kominek), Journal of Finance (2013).
  
• "Testing Asymmetric-Information Asset Pricing Models" (with B. Kelly), Review of Financial Studies (2012).
  
• "Competition and the Structure of Vertical Relationships in Capital Markets" (with J. Asker), Journal of Political Economy (2010).
  
• "Networking as a Barrier to Entry and the Competitive Supply of Venture Capital" (with Y. Hochberg and Y. Lu), Journal of Finance (2010).
• "Scaling the Hierarchy: How and Why Investment Banks Compete for Syndicate Co-Management Appointments" (with F. Marston and W.J. Wilhelm), Review of Financial Studies (2009).
• "Rewriting History" (with F. Marston and C. Malloy), Journal of Finance (2009).
• "Conflicts of Interest in Sell-side Research and the Moderating Role of Institutional Investors" (with F. Marston, L. Starks, K. Wei, and H. Yan), Journal of Financial Economics (2007).
• "An Analysis of Shareholder Agreements" (with G. Chemla and M.A. Habib), Journal of the European Economic Association (2007).
• "Whom You Know Matters: Venture Capital Networks and Investment Performance" (with Y. Hochberg and Y. Lu), Journal of Finance (2007).
• "Investor Sentiment and Pre-Issue Markets" (with F. Cornelli and D. Goldreich), Journal of Finance (2006).
• "Competing for Securities Underwriting Mandates: Banking Relationships and Analyst Recommendations" (with F. Marston and W.J. Wilhelm), Journal of Finance (2006).
• "Hot Markets, Investor Sentiment, and IPO Pricing" (with V. Nanda and R Singh), Journal of Business (2006).
• "Firm Value and Managerial Incentives" (with M.A. Habib), Journal of Business (2005).
• "Does Prospect Theory Explain IPO Market Behavior?" (with W.J. Wilhelm), Journal of Finance (2005).
• "Evidence of Information Spillovers in the Production of Investment Banking Services" (with L. Benveniste, W.J. Wilhelm, and X. Yu), Journal of Finance (2003).
• "IPO Pricing in the Dot-com Bubble" (with W.J. Wilhelm), Journal of Finance (2003).
• "Global Integration of Primary Equity Markets: The Role of U.S. Banks and U.S. Investors" (with T.J. Jenkinson and W.J. Wilhelm), Review of Financial Studies (2003).
• "IPO Allocations: Discriminatory or Discretionary?" (with W.J. Wilhelm), Journal of Financial Economics (2002).
• "Underpricing and Entrepreneurial Wealth Losses in IPOs: Theory and Evidence" (with M.A. Habib), Review of Financial Studies (2001).
• "The Role of Hostile Stakes in German Corporate Governance" (with T.J. Jenkinson), Journal of Corporate Finance (2001).
• "Underpricing and IPO Proceeds: A Note" (with M.A. Habib), Economics Letters (1998).
• "The Pricing of Initial Public Offerings-Further Evidence From Germany," European Economic Review (1997).

Monographs and surveys:

• "IPO Underpricing", in: B.E.Eckbo (ed.), Handbook of Corporate Finance, North-Holland (2007)
• Going Public: The Theory and Evidence on How Companies Raise Equity Finance - Second Revised Edition (with T.J. Jenkinson), Oxford University Press (2001).
• Going Public: The Theory and Evidence on How Companies Raise Equity Finance(with T.J. Jenkinson), Oxford University Press (1996).

Working papers:

• "Managerial Labor Market Frictions and Corporate Investment" (with A. Agrawal)
  
• "As Certain as Debt and Taxes: Estimating the Tax Sensitivity of Leverage from Exogenous State Tax Changes" (with F. Heider)
• "Shaping Liquidity: On the Causal Effects of Voluntary Disclosure" (with K. Balakrishnan, M. Billings, and B. Kelly)
• "Corporate Investment and Stock Market Listing: A Puzzle?" (with J. Asker and J. Farre-Mensa)
• "What Do Private Firms Look Like?" (with J. Asker and J. Farre-Mensa)
• "Rewriting History" Feb 20, 2007 version (with F. Marston and C. Malloy)
• "The Value of Research" (with B. Kelly)
• "The Investment Behavior of Buyout Fund Managers" (with M. Richardson and D. Wolfenzon)
• "The Choice of Outside Equity: An Exploratory Analysis of Privately-held Firms" (with E. Boehmer)
• "Conflicts of Interest and Efficient Contracting in IPOs"
• "The Cash Flow, Return and Risk Characteristics of Private Equity" (with M. Richardson)
• "The Investment Behavior of Private Equity Fund Managers" (with M. Richardson)
  

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Citations:

• Web of Science
  
• Google Scholar