Publications by William N. Goetzmann

Forthcoming
Competition Among University Endowments
W. Goetzmann and S. Oster
How the Financial Crisis and Great Recession Affected Higher Education
Type: Article
Forthcoming
2013
The Great Mirror of Folly: Finance, Culture, and the Great Crash of 1720
W.N. Goetzmann, C Labio, K.G. Rouwenhorst and T. Young
Type: Book
2013
Investment Beliefs of Endowments
A. Ang, A. Ayala and W. N. Goetzmann
Type: Working Paper
2013
Is Trading Behavior Stable across Contexts? Evidence from Style and Multi-Style Investors
W. N. Goetzmann, D. W. Blackburn, and A. D. Ukhov
Quantitative Finance
Type: Article
2013
The Pricing of Soft and Hard Information: Economic Lessons from Screenplay Sales
W. N. Goetzmann, SA Ravid and R Sverdlove
Journal of Cultural Economics
Type: Article
2013
The Role of Hedge Funds in the Security Price Formation Process
W.N. Goetzmann, C. Cao, Y. Chen, and B. Liang
Type: Working Paper
2013
Weather-Induced Mood, Institutional Investors, and Stock Returns
W. N. Goetzmann , D. Kim, A. Kumar and Q. Wang
Type: Working Paper
2013
2012
Dutch Securities for American Land Speculation in the Late-Eighteenth Century
R. Frehen, G. Rouwenhorst and W. N. Goetzmann
Housing and Mortgage Markets in Historical Perspective
Type: Article
2012
New evidence on the first financial bubble
R. G. Frehen, W. N. Goetzmann and Geert Rouwenhorst
Journal of Financial Economics
Type: Article
2012
Procyclical Stocks Earn Higher Returns
W.N. Goetzmann, A. Watanabe, and M. Watanabe
Type: Working Paper
2012
2011
Art and Money
W. N. Goetzmann, L. Renneboog, and C. Spaenjers
American Economic Review
Type: Article
2011
The effect of the "triple witching hour" on stock market volatility
S. P. Feinstein and W. N. Goetzmann
Economic Review
Type: Article
2011
Financial Innovation in Late-Eighteenth Centruy Netherlands: The case of Americna Land securities
G. Rouwenhorst, W. Goetzmann, and R. Frehen
Type: Working Paper
2011
Trust and Delegation
W. N. Goetzmann, S. Brown, B. Liang, B. Schwarz, and C. Schwarz
Type: Article
2011
2010
Finance in the Great Mirror of Folly
G. Rouwenhorst, W. Goetzmann, and R. Frehen
Type: Working Paper
2010
Risk Aversion and Clientele Effects
W. N. Goetzmann, D. Blackburn, and A. Ukhov
Type: Working Paper
2010
Securitization in the 1920's
W. N. Goetzmann and F. Newman
Type: Working Paper
2010
2009
Investor Expectations, Business Conditions, and the Pricing of Beta-Instability Risk
W. N. Goetzmann, A. Watanabe, and M. Watanabe
Type: Working Paper
2009
Modern Portfolio Theory and Investment Analysis
E. J. Elton, M. J. Gruber, S. J. Brown and W. N. Goetzmann
Type: Book
2009
The West of the Imagination
W. H. Goetzmann and W. N. Goetzmann
Type: Book
2009
2008
Equity portfolio diversification*
W. N. Goetzmann and A. Kumar
Review of Finance
Type: Article
2008
Estimating Operational Risk for Hedge Funds: The ?-Score
W. Goetzmann, S. Brown, B. Liang, and C. Schwarz
Type: Working Paper
2008
The History of Financial Innovation
G. Rouwenhorst & W. Goetzmann
Carbon Finance, Environmental Market Solutions to Climate Change
Type: Article
2008
Mandatory disclosure and operational risk: Evidence from hedge fund registration
S. Brown, W. Goetzmann, B. Liang and C. Schwarz
The Journal of Finance
Type: Article
2008
More social security, not less
W. N. Goetzmann
The Journal Of Portfolio Management
Type: Article
2008
2007
China and the World Financial Markets 1870-1930: Modern Lessons From Historical Globalization
W. Goetzmann, A. Ukhov and N. Zhu
Economic History Review
Type: Article
2007
Efficiency and the bear: Short sales and markets around the world
A. Bris, W. N. Goetzmann and N. Zhu
The Journal of Finance
Type: Article
2007
Portfolio performance manipulation and manipulation-proof performance measures
W. Goetzmann, J. E. Ingersoll Jr, M. Spiegel and I. Welch
Review of Financial Studies
Type: Article
2007
2006
British investment overseas 1870-1913: A modern portfolio theory approach
W. N. Goetzmann and A. D. Ukhov
Review of Finance
Type: Article
2006
Bubble Investors: What Were They Thinking?
W. N. Goetzmann and R. Dhar
Type: Working Paper
2006
The Equity Risk Premium: Essays and Explorations
W. N. Goetzmann and R. G. Ibbotson
Type: Book
2006
Estimating house price indexes in the presence of seller reservation prices
W. Goetzmann and L. Peng
Review of Economics and statistics
Type: Article
2006
History and the Equity Risk Premium
R. Ibbotson and W. Goetzmann
Handbook of Investments: Equity Risk Premium
Type: Article
2006
Institutional perspectives on real estate investing
R. Dhar and W. N. Goetzmann
The Journal of Portfolio Management
Type: Article
2006
Pairs trading: Performance of a relative-value arbitrage rule
E. Gatev, W. N. Goetzmann and G. Rouwenhorst
Review of Financial Studies
Type: Article
2006
Simulating Real Estate in the Investment Portfolio: Model Uncertainty and Inflation Hedging
W. N. Goetzmann and E. Valaitis
Type: Working Paper
2006
2005
Dispersion of opinions and stock returns: Evidence from index fund investors
W. N. Goetzmann and M. Massa
Journal of Financial Markets
Type: Article
2005
The history of corporate ownership in China: state patronage, company legislation, and the issue of control
W. N. Goetzmann and E. Koll
A history of corporate governance around the world: Family business groups to professional managers
Type: Article
2005
Long-term global market correlations
W. N. Goetzmann, L. Li and G. Rouwenhorst
Journal of Business
Type: Article
2005
The Origins of Value: The Financial Innovations That Created Modern Capital Markets
W. N. Goetzmann and K.G. Rouwenhorst
Type: Book
2005
The performance of real estate portfolios: A simulation approach
J. Fisher and W. Goetzmann
Journal of Portfolio Management
Type: Article
2005
Rain or shine: where is the weather effect?
W. N. Goetzmann and N. Zhu
European Financial Management
Type: Article
2005
2004
Beauty is in the Bid of the Beholder: An Empirical Basis for Style
W. N. Goetzmann, J. Walden, M. M. Maggioni, and P. W. Jones
Type: Working Paper
2004
Fees on fees in funds of funds
S. J. Brown, W. N. Goetzmann and B. Liang
The Journal of Investment Management
Type: Article
2004
The Impact of Clientele Changes: Evidence from Stock Splits
R. Dhar, W. N. Goetzmann, S. Shepherd, and N. Zhu
Type: Working Paper
2004
Soft Information, Hard Sell: The Role of Soft Information in the Pricing of Intellectual Property - Evidence from Screenplays Sales
W. N. Goetzmann and S. A. Ravid
Type: Working Paper
2004
Will History Rhyme? The Past as financial Future
W. Goetzmann
Journal of Portfolio Management
Type: Article
2004
2003
An analysis of the relative performance of Japanese and foreign money management
S. J. Brown, W. N. Goetzmann, T. Hiraki and N. Shiraishi
Pacific-Basin Finance Journal
Type: Article
2003
Disposition matters: volume, volatility and price impact of a behavioral bias
W. N. Goetzmann and M. Massa
Journal of Portfolio Management
Type: Article
2003
Does governance matter? The case of art museums
S. Oster and W. N. Goetzmann
The Governance of Not-for-Profit Organizations
Type: Article
2003
Estimating Indices in the Presence of Seller Reservation Prices
W. Goetzmann and L. Peng
Type: Working Paper
2003
Fibonacci and the Financial Revolution
W. N. Goetzmann
Type: Working Paper
2003
High-Water Marks and Hedge Fund Management Contracts
W. N. Goetzmann, J. E. Ingersoll Jr and S. A. Ross
The Journal of Finance
Type: Article
2003
Home Equity Insurance: A Pilot Project
A. Caplin, W. Goetzmann, E. Hangen, B. Nalebuff, E. Prentice, J. Rodkin, M. Spiegel, and T. Skinner
Type: Working Paper
2003
Index Funds and Stock Market Growth*
W. N. Goetzmann and M. Massa
The Journal of Business
Type: Article
2003
Modeling and Measuring Russian Corporate Governance: The Case of Russion Preferred and Common Shares
M. Spiegel, W. N. Goetzmann, and A. Ukhov
Type: Working Paper
2003
Short-sales in global perspective
A. Bris, W. Goetzmann and N. Zhu
Type: Article
2003
2002
The bias of the RSR estimator and the accuracy of some alternatives
W. N. Goetzmann and L. Peng
Real Estate Economics
Type: Article
2002
Daily momentum and contrarian behavior of index fund investors
W. N. Goetzmann and M. Massa
Journal of Financial and Quantitative Analysis
Type: Article
2002
Investor Sentiment in Japanese and U.S. Daily Mutual Fund Flows
S. Bron, W. N. Goetzmann, T. Hiraki, N. Shiraishi, and M. Watanabe
Type: Working Paper
2002
The Policy Implications of Portfolio Choice in Underserved Mortgage Markets
M. Spiegel & W. Goetzmann
Low - Income Ownership
Type: Article
2002
Policy implications of portfolio choice in underserved mortgage markets
W. N. Goetzmann and M. Spiegel
Low-income homeownership: Examining the unexamined goal
Type: Article
2002
2001
Careers and survival: Competition and risk in the hedge fund and CTA industry
S. J. Brown, W. N. Goetzmann and J. Park
The Journal of Finance
Type: Article
2001
Day trading international mutual funds: Evidence and policy solutions
W. N. Goetzmann, Z. Ivkovic and G. Rouwenhorst
Journal of Financial and Quantitative Analysis
Type: Article
2001
Dispersion of opinions and stock returns. Evidence from index investors
W. N. Goetzmann
Type: Working Paper
2001
Hedge Funds with Style
W. N. Goetzmann and S. J. Brown
Type: Working Paper
2001
A new historical database for the NYSE 1815 to 1925: Performance and predictability
W. N. Goetzmann, R. G. Ibbotson and L. Peng
Journal of Financial Markets
Type: Article
2001
2000
Hedge funds and the Asian currency crisis
S. J. Brown, W. N. Goetzmann and J. M. Park
The Journal of Portfolio Management
Type: Article
2000
Monthly measurement of daily timers
J. E. Ingersoll Jr
Journal of Financial and Quantitative Analysis
Type: Article
2000
Two decades of commercial property returns: A repeated-measures regression-based version of the ncreif index
D. Geltner and W. Goetzmann
The journal of real estate finance and economics
Type: Article
2000
1999
The Effect of Seller Reserves on Market Index Estimation
W. N. Goetzmann
Type: Working Paper
1999
Global real estate markets: cycles and fundamentals
G. Rouwenhorst, B. Case, and W. N. Goetzmann
Type: Working Paper
1999
Global stock markets in the twentieth century
P. Jorion and W. N. Goetzmann
The journal of finance
Type: Article
1999
Offshore Hedge Funds: Survival and Performance 1989-1995
S. J. Brown, W. N. Goetzmann and R. G. Ibbotson
Journal of Business
Type: Article
1999
Re-emerging markets
W. N. Goetzmann and P. Jorion
Journal of Financial and Quantitative Analysis
Type: Article
1999
1998
Do cities and suburbs cluster?
W. N. Goetzmann, M. Spiegel and S. M. Wachter
Cityscape
Type: Article
1998
The Dow theory: William Peter Hamilton's track record reconsidered
S. J. Brown, W. N. Goetzmann and A. Kumar
The Journal of Finance
Type: Article
1998
An emerging market: The NYSE from 1815 to 1871
W. N. Goetzmann and R. G. Ibbotson
Journal of Financial Markets
Type: Article
1998
Risks and incentives in underserved mortgage markets
B. W. Ambrose and W. N. Goetzmann
Journal of Housing Economics
Type: Article
1998
Two Decades of Commercial Property Returns: A NCREIF Index using Independent Appraisals
W. N. Goetzmann and D. Geltner
Type: Working Paper
1998
1997
Cognitive dissonance and mutual fund investors
W. N. Goetzmann and N. Peles
Journal of Financial Research
Type: Article
1997
Conditions for Survival: changing risk and the performance of hedge fund managers and CTAs
W. N. Goetzmann, S. J. Brown, and J. Park
Type: Working Paper
1997
The Japanese Open-End Fund Puzzle
W. N. Goetzmann, S. J. Brown, T. Hiraki, T. Otsuki, and N. Shiraishi
Type: Working Paper
1997
Mutual fund styles
S. J. Brown and W. N. Goetzmann
Journal of financial Economics
Type: Article
1997
Positive Portfolio Factors
W. N. Goetzmann, S. J. Brown, and M. Grinblatt
Type: Working Paper
1997
Rejoinder: The J-shape of performance persistence given survivorship bias
S. J. Brown, W. N. Goetzmann, R. G. Ibbotson and S. A. Ross
Review of Economics and Statistics
Type: Article
1997
A spatial model of housing returns and neighborhood substitutability
W. N. Goetzmann and M. Spiegel
The Journal of Real Estate Finance and Economics
Type: Article
1997
1996
How costly is the fall from fashion? Survivorship bias in the painting market
W. Goetzmann
Contributions to Economic Analysis
Type: Article
1996
1995
Clustering methods for real estate portfolios
W. N. Goetzmann and S. M. Wachter
Real Estate Economics
Type: Article
1995
The Informational Efficiency of the Art Market
W. N. Goetzmann
Managerial Finance
Type: Article
1995
A longer look at dividend yields
W. N. Goetzmann and P. Jorion
Journal of Business
Type: Article
1995
Non-temporal components of residential real estate appreciation
W. N. Goetzmann and M. Spiegel
The Review of Economics and Statistics
Type: Article
1995
Performance persistence
S. J. Brown and W. N. Goetzmann
The Journal of Finance
Type: Article
1995
Private value components, and the winner's curse in an art index
W. N. Goetzmann and M. Spiegel
European Economic Review
Type: Article
1995
Survival
S. J. Brown, W. N. Goetzmann and S. A. Ross
The Journal of Finance
Type: Article
1995
1994
Do winners repeat? Patterns in mutual fund behavior
W. N. Goetzmann and R. G. Ibbotson
The Journal of Portfolio Management
Type: Article
1994
Homogeneous groupings of metropolitan housing markets
J. M. Abraham, W. N. Goetzmann and S. M. Wachter
Journal of Housing Economics
Type: Article
1994
Short-horizon inputs and long-horizon portfolio choice
W. N. Goetzmann and F. R. Edwards
The Journal of Portfolio Management
Type: Article
1994
1993
Accounting for taste: Art and the financial markets over three centuries
W. N. Goetzmann
The American Economic Review
Type: Article
1993
Patterns in three centuries of stock market prices
W. N. Goetzmann
Journal of Business
Type: Article
1993
The single family home in the investment portfolio
W. N. Goetzmann
The Journal of Real Estate Finance and Economics
Type: Article
1993
Testing the predictive power of dividend yields
W. N. Goetzmann and P. Jorion
The Journal of Finance
Type: Article
1993
1992
The accuracy of real estate indices: Repeat sale estimators
W. N. Goetzmann
The Journal of Real Estate Finance and Economics
Type: Article
1992
Safety First Portfolio Insurance
W. N. Goetzmann and M. Broadie
Type: Working Paper
1992
Survivorship bias in performance studies
S. J. Brown, W. Goetzmann, R. G. Ibbotson and S. A. Ross
Review of Financial Studies
Type: Article
1992
1990
The performance of real estate as an asset class
W. N. Goetzmann and R. G. Ibbotson
Journal of Applied Corporate Finance
Type: Article
1990
1986
Does Delisting from the S&P 500 Affect Stock Price?
W. N. Goetzmann and M. Garry
Financial Analysts Journal
Type: Article
1986