{"id":8,"date":"2018-12-30T20:44:32","date_gmt":"2018-12-30T20:44:32","guid":{"rendered":"https:\/\/faculty.som.yale.edu\/matthewspiegel\/?page_id=8"},"modified":"2019-08-06T19:52:14","modified_gmt":"2019-08-06T19:52:14","slug":"research","status":"publish","type":"page","link":"https:\/\/faculty.som.yale.edu\/matthewspiegel\/research\/","title":{"rendered":"Research and Editorials"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_column_text]<\/p>\n<table border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"2\" align=\"center\">\n<tbody>\n<tr align=\"left\" valign=\"middle\">\n<td class=\"big\"><b>Recent Research:<\/b><br \/>\n<a class=\"white\" href=\"https:\/\/urldefense.proofpoint.com\/v2\/url?u=http-3A__ssrn.com_abstract-3D3059824&amp;d=DwICaQ&amp;c=cjytLXgP8ixuoHflwc-poQ&amp;r=9UJqiJljjY23sh2HjqyGXBXL_4_F7IWCA00g6x_Wxpo&amp;m=Ymw8ypFFqrUeF2dck9VsntNkbnvwSwKW-3hsmlR4fuU&amp;s=r6gSqvOoHyLD8fiebF4M8etb51JhRLgqBaRYA2bdiIE&amp;e=\" target=\"_blank\" rel=\"noopener noreferrer\">Better Bond Indices and Liquidity Gaming the Rest,&#8221;<\/a> with Andriana Robertson. The following links are to copies of the indices developed in the paper. These indices are for <i>noncommercial<\/i> use only and offered without any warranty so ever. If you use the indices please cite Robertson, Adriana, and Matthew Spiegel, 2017, &#8220;Better Bond Indices,&#8221; working paper Yale School of Management as the source.<\/p>\n<ul>\n<li><a class=\"white\" href=\"https:\/\/spinup-000d1a-wp-offload-media.s3.amazonaws.com\/faculty\/wp-content\/uploads\/sites\/43\/2019\/06\/Bloomberg_IG_20170321.txt\" target=\"_blank\" rel=\"noopener noreferrer\">Bloomberg Class Definition Investment Grade Index<\/a><\/li>\n<li><a class=\"white\" href=\"https:\/\/spinup-000d1a-wp-offload-media.s3.amazonaws.com\/faculty\/wp-content\/uploads\/sites\/43\/2019\/06\/Bloomberg_HY_20170321.txt\" target=\"_blank\" rel=\"noopener noreferrer\">Bloomberg Class Definition Noninvestment Grade Index<\/a><\/li>\n<li><a class=\"white\" href=\"https:\/\/spinup-000d1a-wp-offload-media.s3.amazonaws.com\/faculty\/wp-content\/uploads\/sites\/43\/2019\/06\/BofAML_IG_20170321.txt\" target=\"_blank\" rel=\"noopener noreferrer\">Bank of Americal\/Merrill Lynch Class Definition Investment Grade Index<\/a><\/li>\n<li><a class=\"white\" href=\"https:\/\/spinup-000d1a-wp-offload-media.s3.amazonaws.com\/faculty\/wp-content\/uploads\/sites\/43\/2019\/06\/BofAML_HY_20170321.txt\" target=\"_blank\" rel=\"noopener noreferrer\">Bank of Americal\/Merrill Lynch Class Definition Noninvestment Grade Index<\/a><\/li>\n<\/ul>\n<p><a class=\"white\" href=\"https:\/\/spinup-000d1a-wp-offload-media.s3.amazonaws.com\/faculty\/wp-content\/uploads\/sites\/43\/2019\/06\/Rating-Changes20160811clean.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">&#8220;Institutional Rigidities and Bond Returns around Rating Changes,&#8221; with Laura Starks.<\/a><\/td>\n<td class=\"bigsplit\"><a class=\"white\" href=\"https:\/\/spinup-000d1a-wp-offload-media.s3.amazonaws.com\/faculty\/wp-content\/uploads\/sites\/43\/2019\/06\/IPO-2016_1012BwTP.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Does an IPO Significantly Impact Rival Firms?,&#8221; with Heather Tookes.<\/a><br \/>\n<a class=\"white\" href=\"https:\/\/spinup-000d1a-wp-offload-media.s3.amazonaws.com\/faculty\/wp-content\/uploads\/sites\/43\/2019\/06\/IPO-2016_1012_OnlineAppendix.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Appendix for &#8220;Does an IPO Significantly Impact Rival Firms?&#8221;.<\/a><\/p>\n<hr width=\"10%\" \/>\n<p>Solving the model in my 2013 paper co-authored with <a class=\"white\" href=\"http:\/\/faculty.som.yale.edu\/heathertookes\" target=\"_blank\" rel=\"noopener noreferrer\">Heather Tookes<\/a>, <a class=\"white\" href=\"http:\/\/onlinelibrary.wiley.com\/doi\/10.1111\/j.1540-6261.2012.01796.x\/abstract\" target=\"_blank\" rel=\"noopener noreferrer\">&#8220;Dynamic Competition, Valuation, and Merger Activity,&#8221;<\/a> in the <i>Journal of Finance<\/i> takes quite a few steps. This <a href=\"http:\/\/som.yale.edu\/~spiegel\/MandA\/A_Step_by_Step_Guide_to_Solving_the_Model_in_Spiegel_and_Tookes.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">step-by-step guide<\/a> will lead you through the process.<\/p>\n<hr width=\"10%\" \/>\n<p><b>Editorials:<\/b><br \/>\n<a class=\"white\" href=\"http:\/\/rfs.oxfordjournals.org\/content\/25\/5\/1331\">&#8220;Reviewing Less &#8211; Progressing More,&#8221;<\/a> <i>Review of Financial Studies<\/i>, 2012.<br \/>\n<a class=\"white\" href=\"https:\/\/spinup-000d1a-wp-offload-media.s3.amazonaws.com\/faculty\/wp-content\/uploads\/sites\/43\/2019\/06\/CrashorPanic.pdf\">&#8220;2000 A Bubble? 2002 A Panic? Maybe Nothing?,&#8221;<\/a> <i>Wilmott Magazine<\/i>, March 2004.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Matthew Spiegel is currently a Professor of Finance at the Yale School of Management. In 1987 he received his Ph.D. in economics from Princeton University. He then taught at Columbia University&#8217;s Graduate School of Business and subsequently joined the faculty at U.C. Berkeley&#8217;s Haas School of Business. Professor Spiegel has authored a number of influential papers within finance several winning awards. These include the Michael Brennan and Steve Ross best paper awards and the ANBAR Management Intelligence Citation of Excellence. In 2015 his overall body of work was recognized with Eastern Finance Association&#8217;s Distinguished Scholar Award. His most recent contributions lie in the development and application of dynamic oligopoly models to corporate finance as well as how mutual fund returns influence asset flows. He is the former Executive Editor of the Review of Financial Studies (2005 to 2011), and he helped found and then co-edit the Journal of Financial Markets (1998 to 2005). He has also been an associate editor for the Review of Financial Studies, and a past director of the Western Finance Association. He has been honored to give keynote address at the European Financial Management association&#8217;s annual meeting in Dublin, the New York Triple Crown Finance conference, the Australasian Finance and Banking Conference, the European Winter Finance Summit, the Erasums University Professional Asset Management Conference and the Eastern Finance Association&#8217;s Annual Meeting. He is the former President of the Society for Financial Studies and Advisory Chair for the Society&#8217;s annual Finance Cavalcade. He is currently the Asia-Pacific Cavalcade&#8217;s Inaugural Year Advisory Chair.[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text] Recent Research: Better Bond Indices and Liquidity Gaming the Rest,&#8221; with Andriana Robertson. The following links are to copies of the indices developed in the paper. These indices are for noncommercial use only and offered without any warranty so ever. If you use the indices please cite Robertson, Adriana, and Matthew Spiegel, 2017, &#8220;Better [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"parent":0,"menu_order":2,"comment_status":"closed","ping_status":"closed","template":"","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"class_list":{"0":"post-8","1":"page","2":"type-page","3":"status-publish","5":"entry"},"_links":{"self":[{"href":"https:\/\/faculty.som.yale.edu\/matthewspiegel\/wp-json\/wp\/v2\/pages\/8","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/faculty.som.yale.edu\/matthewspiegel\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/faculty.som.yale.edu\/matthewspiegel\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/faculty.som.yale.edu\/matthewspiegel\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/faculty.som.yale.edu\/matthewspiegel\/wp-json\/wp\/v2\/comments?post=8"}],"version-history":[{"count":6,"href":"https:\/\/faculty.som.yale.edu\/matthewspiegel\/wp-json\/wp\/v2\/pages\/8\/revisions"}],"predecessor-version":[{"id":127,"href":"https:\/\/faculty.som.yale.edu\/matthewspiegel\/wp-json\/wp\/v2\/pages\/8\/revisions\/127"}],"wp:attachment":[{"href":"https:\/\/faculty.som.yale.edu\/matthewspiegel\/wp-json\/wp\/v2\/media?parent=8"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}