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      Clifford W. Smith, Jr.
      Education
      Academic Positions
      Professional Offices
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      Books and Monographs
      Journal Articles
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Clifford W. Smith, Jr.

Other Published Papers, Comments and Book Reviews:

 ``Roundtable on Enterprise Risk Management," with D. Chew, J. Verbrugge, C. Niehaus, C. Briscow, W. Coleman, K. Lauder, and S. Rama Murtie, Journal of Applied Corporate Finance, (forthcoming).

 ``Roundtable on Capital Structure and Stock Repurchases," with D. Chew, D. Ikenberry, T. Opler, E. Sirri, D. Soter, and R. Thevenet, Journal of Applied Corporate Finance, Vol. 14, No. 1, pp. 8-41 (Spring 2001).

 ``Doing Well by Doing Good: Do Financial Markets 'Price' Ethical Behavior?", with D. Cloninger, R. Aggarwal, J. Karpoff, and N. Lacey, Financial Practice and Education, Vol. 10, No. 2, pp. 24-33 (Fall/Winter 2000).

 ``Organizational Forms Within the Insurance Industry: Theory and Evidence," with D. Mayers, Handbook of Insurance, edited by G. Dionne (Kluwer Academic Publishers: Boston MA) pp. 689-707 (2000).

"On the Market for Corporate Control,"Case Western Reserve Law Review, Vol. 50, No. 2 (Winter 1999).

REIT Roundtable: "The Evolving Role of External Governance in REITs," Director's Monthly, Vol. 22, No.9, 12-16 (Sept 1998).

``Strategic Risk Management," with C. Smithson, reprinted in The New Corporate Finance: Where Theory Meets Practice, 2nd edition, edited by Donald Chew, Jr., (Irwin/McGraw-Hill, Boston) pp. 460-477 (1998).

``Lessons from the Barings Collapse," with S.P. Kothari, Simon International, Vol. 3, No.1 (Summer 1995).

``The Challenge of Organizational Change for the Future of Business Education," Symposium on Organizational Change: Reforming Business Education (Center for Business and Economic Research: Knoxville, TN) pp. 7-22 (1995).

``The Use of Index Amortizing Swaps by Banc One," with C. James, Journal of Applied Corporate Finance, Vol. 7, No. 3, pp. 54-59 (Fall 1994).

``Pension Plans," with P. Wier, American Enterprise, Vol. 5, No. 5, pp. 7882 (September/October 1994).

``Bond Markets," Fortune Encyclopedia of Economics, (Time: New York), pp. 554-557 (1993).

``Ethics and Markets," Restructuring Japan's Financial Markets, edited by I. Walter and T. Hiraki (Business One Irwin: Homewood, IL), pp. 335-346 (1993). Translated into Japanese and reprinted in Japan's Financial Markets and Corporate Governance, edited by T. Hiraki (Chuo Keizai: Tokyo), pp. 41-60 (1993).

``Corporate Risk Management and the Insurance Industry," Life Insurance Company Financial Management, edited by D. Cummins (Klewer Academic Publishers: Norwell, MA), pp. 125-149 (1993).

``On Trading Foreign Securities in US Markets," in Modernizing U.S. Securities Regulation: Economic and Legal Perspectives, edited by K. Lehn and R. Kampuis (Center for Research on Contracts and the Structure of Enterprise: Pittsburgh), pp. 77-82 (1992). Excerpted in Simon International, Volume 2, No. 1, pp. 2-5 (Fall 1994).

``Getting Published in the US," Chartered Institute of Management Accountants Research Update, Vol. 2, No. 1, pp. 6-7 (September 1992).

``Financing the Middle Market: A Roundtable Discussion," with P. Finegan, M. Grier, T. Hubbard, J. Matthews, W. Matthews, W. Richardson and M. Sands, The Small Business Controller, Vol. 5, No. 4, pp. 8-18 (Fall 1992).

``Money Credit Banking and Payments System Policy: A Comment," The U.S. Payments System: Efficiency, Risk and the Role of the Federal Reserve, edited by D. Humphrey (Kluwer Academic Publishers: Boston), pp. 278-284 (1990).

``Mortgage Securitization: A Low-cost Hedge Against Interest Rate Risk," Simon Research Review, Vol. 1, No. 1, pp. 14-19 (Fall 1989).

``The Use of Off-Balance Sheet Financing to Circumvent Financial Covenant Restrictions: A Discussion," Journal of Accounting, Auditing, and Finance, Vol. 4, No. 2, pp. 233-235 (Spring 1989).

``Why Hedge?," with C.W. Smithson and D.S. Wilford, Intermarket, Vol. 6, No. 7, pp. 12-16 (July 1989). Reprinted in Handbook of Currency and Interest Rate Risk Management, edited by R. Schwartz and C. Smith (New York Institute of Finance: New York), Chapter 19 (1990). Reprinted in Handbook of Financial Engineering, edited by C. Smith and C. Smithson (Harper & Row: New York), pp. 126-137 (1990).

``Derivatives and Volatility," with C.W. Smithson, Intermarket, Vol. 6, No. 7 (July 1989).

``Building Blocks: Forwards, Futures, Swaps, Options and Hybrids," with C.W. Smithson and D.S. Wilford, Intermarket, Vol. 6, No. 6, pp. 32-37 (June 1989).

``Analyzing the Credit Risk of Swaps," with C W. Smithson and L.M. Wakeman, Simon Management Review, Vol. 3, No. 2, pp. 1-5 (1988).

``Agency Costs," in The New Palgrave: A Dictionary of Economic Theory and Doctrine, edited by J. Eatwell, M. Milgate, and P. Neuman (MacMillan: London), Vol. 1, pp. 39-40 (1987). Reprinted in The New Palgrave: Finance, edited by J. Eatwell, M. Milgate, P. Newman (MacMillan: London), pp. 53-56 (1989).

``Credit Risk and the Scope of Regulation of Swaps," with C.W. Smithson and L.M. Wakeman, Proceedings of the Conference on Bank Structure and Competition, (Federal Reserve Bank of Chicago), pp. 166-185 (1987). Reprinted in Handbook of Financial Engineering, edited by C. Smith and C. Smithson (Harper & Row: New York), pp. 608-624 (1990).

``New Issue Syndrome: The Hidden Costs of Raising Capital," CFO, Vol. 2, No. 7, pp. 55-56 (July 1986).

``Marketing New Securities," Simon Management Review, Vol. 2, No. 2, pp. 6-8 (Winter, 1986).

``New Security Issues: Why Stock Prices Fall," Rochester Management Review, Vol. 2, No. 1, pp. 8-10 (Summer 1986).

``A Discussion of Corporate Capital Structure," with C. Gougis, A. Kalotay, J. Stern, B. Stewart, R. Taggart, B. Walsh, H. Winn, Midland Corporate Finance Journal, Vol. 3, No. 3, pp. 19-48 (Fall 1985). Reprinted in Six Roundtable Discussions of Corporate Finance, with Joel Stern (Quorum: New York), pp. 219-264 (1986).

``Stockholder, Manager and Creditor Interests: Applications of Agency Theory," with M.C. Jensen in Recent Advances in Corporate Finance, edited by E. Altman and M. Subrahmanyam (Dow Jones-Irwin: Homewood, IL.), pp. 95-131 (1985).

``Determinants of Corporate Leasing Policy," with L.M. Wakeman, Rochester Management Review, Vol. 1, No. 2, pp. 16-19 (Winter 1985).

``The Theory of Corporate Finance: A Historical Overview," with M.C. Jensen, in The Modern Theory of Corporate Finance, edited by M. Jensen and C. Smith (McGraw-Hill: New York) (1984). Reprinted in the Rochester Management Journal, Vol. II, No. 2, pp. 9-17 (Fall 1984).

``The Risk of Corporate vs. Municipal Debt: Discussion," Journal of Finance, Vol. 38, No. 2, pp. 647-648 (May 1983).

``Applications of Option Pricing Analysis," in Handbook of Financial Economics, edited by J. Bicksler (North Holland: Amsterdam), pp. 79-l2l (l979). Reprinted in The Modern Theory of Corporate Finance, edited by M. Jensen and C. Smith (McGraw-Hill: New York), pp. 288-330 (1984). Reprinted in The Modern Theory of Corporate Finance, edited by C. Smith (McGraw-Hill: New York), pp. 345-387 (1990).

``The People Can't Be Fooled," with C.I. Plosser, Wall Street Journal, Vol. CXCII, No. 123, p. 20 (25 June 1979). Reprinted in Readings in Economics for Business Decision Making, edited by L. Moss (Ginn: Lexington, MA), p. 84-85 (1980).

``Bankruptcy, Secured Debt, and Optimal Capital Structure: Comment," with J.B. Warner, Journal of Finance, Vol. XXXIV, No. l, pp. 247-25l (March l979).

``Indexing the Economy Through Financial Intermediation: A Comment," in Carnegie-Rochester Conference Series on Public Policy, edited by K. Brunner and A. Meltzer, supplement to the Journal of Monetary Economics, Vol. 5, pp. l73-l79 (l977).

Book review of Macroeconomics: A Neoclassical Introduction, by M.H. Miller and C. W. Upton, in the Journal of Finance, Vol. XXX, No. 5, pp. ll82-ll84 (December l975).
 

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