Working Papers

Back, K., Kakhbod, A., and H. Xing, 2022, Multistage Financing: Milestone Bonuses or Deferred Compensation.

Back, K., Celebi, O., Kakhbod, A., and A. M. Reppen, 2022, Segmented Trading Markets: Competition, Fees, and Tax Policies.

Back, K., Carlin, B., and S. M. Kazempour, 2021, The Asset Pricing Implications of Plausible Deniability.

Back, K., Cocquemas, F., Ekren, I., and A. Lioui, 2021, Optimal Transport and Risk Aversion in Kyle’s Model of Informed Trading.

Back, K., Kapadia, N., and B. Ostdiek, 2015, Testing Factor Models on Characteristic and Covariance Pure Plays.

Selected Publications

Back, K., Crotty, K., and S. M. Kazempour, 2022, Validity, Tightness, and Forecasting Power of Risk Premium Bounds, Journal of Financial Economics, 144, 732–760.

Back, K., and P. Barton, 2022, Mediation and Strategic Delay in Bargaining and Markets, Journal of Economic Dynamics and Control, 141.

Back, K., Liu, R., and A. Teguia, 2020, Signaling in OTC Markets: Benefits and Costs of Transparency, Journal of Financial and Quantitative Analysis, 55, 47–75.

Back, K., Collin-Dufresne, P., Fos, V., Li, T., and A. Ljungqvist, 2018, Activism, Strategic Trading, and Liquidity, Econometrica, 86, 1431–1463.

Back, K., Crane, A., and K. Crotty, 2018, Skewness Consequences of Seeking Alpha, Review of Financial Studies, 31, 4720–4761.

Back, K., Crotty, K., and T. Li, 2018, Identifying Information Asymmetry in Securities Markets, Review of Financial Studies, 31, 2277–2325.

Back, K., and K. Crotty, 2015, The Informational Role of Stock and Bond Volume, Review of Financial Studies, 28, 1381–1427.

Back, K., and S. Baruch, 2013, Strategic Liquidity Provision in Limit Order Markets, Econometrica, 81, 363–392.