Skip to Content
Krannert Purdue Logo

Publications


Journal Articles

  • Lewellen, W., & Heron, R. (2000). An Empirical Analysis of the Reincorporation Decision. Journal of Financial and Quantitative Analysis,
  • Lewellen, W., & Roden, D. (2000). After the Buyout: The Long View. Advances in Financial Economics,
  • Lewellen, W., & Long, M. (1999). Financing Strategies in Transitioning Economies. Multinational Business Review,
  • Lewellen, W., & Badrinath, S. (1997). On the Measurement of Tobin's q. Journal of Financial Economics, vol. 44 (1),
  • Lewellen, W. (1997). Efficiency and Effectiveness. Economic Review, vol. 44 (1), 3-12.
  • Lewellen, W., Ro, B., & Park, T. (1996). Self-Serving Behavior in Managers' Discretionary Information Disclosure Decisions. Journal of Accounting and Economics, vol. 21 (2), 227-251.
  • Lewellen, W., Ro, B., & Park, T. (1995). Executive Stock Option Compensation: The Corporate Reporting Decision. Managerial and Decision Economics, vol. 16 (6), 633-647.
  • Lewellen, W., & Roden, D. (1995). Corporate Capital Structure Decisions: Evidence from Leveraged Buyouts. Financial Management, vol. 24 (2), 76-87.
  • Lewellen, W., Kross, W., & Ro, B. (1994). Evidence on The Motivation for Management Forecasts of Corporate Earnings. Managerial and Decision Economics, vol. 15 (3), 187-200.
  • Lewellen, W., & Mauer, D. (1993). Public Utility Valuation and Risk Under Incentive Regulation. Journal of Regulatory Economics, vol. 5 (3), 263-287.
  • Lewellen, W., Kracaw, K., & Woo, C. (1992). Corporate Growth, Corporate Strategy and the Choice of Capital Structure. Managerial and Decision Economics, vol. 13 (6), 515-526.
  • Lewellen, W., Loderer, C., & Martin, K. (1992). Executive Compensation and The Performance of The Firm. Managerial and Decision Economics, vol. 13 (1), 65-74.
  • Lewellen, W., & Badrinath, S. (1991). Evidence on Tax-Motivated Securities Trading Behavior. Journal of Finance, vol. 46 (1), 369-382.
  • Lewellen, W., & Mauer, D. (1990). Security Holder Taxes and Corporate Restructurings. Journal of Financial and Quantitative Analysis, vol. 25 (3), 341-360.
  • Lewellen, W., & Emery, D. (1990). Shareholder Gains from Callable-Bond Refundings. Managerial and Decision Economics, vol. 11 (1), 57-63.
  • Lewellen, W., Loderer, C., & Rosenfeld, A. (1989). Mergers, Executive Risk Reduction and Stockholder Wealth. Journal of Financial and Quantitative Analysis, vol. 24 (4), 459-472.
  • Lewellen, W., Emery, D., & Mauer, D. (1988). Tax Timing Options, Leverage, and The Choice of Corporate Form. Journal of Financial Research,
  • Lewellen, W., & Mauer, D. (1988). Tax Options & Corporate Capital Structures. Journal of Financial and Quantitative Analysis,
  • Lewellen, W., Sandberg, C., & Stanley, K. (1987). Financial Strategy: Planning and Managing The Corporate Leverage Postion. Strategic Management Journal,
  • Lewellen, W., & Rosenfeld, A. (1987). Optimal Bond Refunding Strategies. Managerial and Decision Economics,
  • Lewellen, W., Loderer, C., & Martin, K. (1987). Executive Compensation and Executive Inentive Problems: An Empirical Analysis. Journal of Accounting and Economics,
  • Lewellen, W., & Kracaw, W. (1987). Inflation, Corporate Growth and Corporate Leverage. Financial Management,
  • Lewellen, W., & Mauer, D. (1987). Debt Management Under Corporate and Personal Taxation. Journal of Finance,
  • Lewellen, W., Blum, G., & Kracaw, W. (1986). Determinants of The Execution Costs of Common Stock Trades by Individual Investors. Journal of Financial Research,
  • Lewellen, W., & Emery, D. (1986). Corporate Debt Management and The Value of The Firm. Journal of Financial and Quantitative Analysis,
  • Lewellen, W., Loderer, C., & Rosenfeld, A. (1985). Merger Decisions and Executive Stock Ownership in Acquiring Firms. Journal of Accounting and Economics,
  • Lewellen, W., & Emery, D. (1985). Security Holder Cash Flows and The Valuation of Corporate Investment Projects. Managerial and Decision Economics,
  • Lewellen, W., & Chang, E. (1985). An Arbitrage Pricing Approach to Evaluating Mutual Fund Performance. Journal of Financial Research,
  • Lewellen, W., & Chang, E. (1984). Market Timing and Mutual Fund Investment Performance. Journal of Business,
  • Lewellen, W., & Emery, D. (1984). Refunding Non-Callable Debt. Journal of Financial and Quantitative Analysis,
  • Lewellen, W., & Ang, J. (1984). Inflation, Currency Exchange Rates, and The International Securities Market. Journal of Business Research,
  • Lewellen, W., & Blum, G. (1983). Negotiated Brokerage Commissions and The Individual Investor. Journal of Financial and Quantitative Analysis,
  • Lewellen, W., & Ferri, M. (1983). Strategies for The Merger Game: Management and The Market. Financial Management,
  • Lewellen, W., & Lease, R. (1982). Market Efficiency Across Securities Exchanges. Journal of Economics and Business,
  • Lewellen, W., & Ang, J. (1982). Inflation, Security Values, and Risk Premia. Journal of Financial Research,
  • Lewellen, W., & Ang, J. (1982). Risk Adjustments in Capital Investment Project Evaluations. Financial Management,
  • Lewellen, W., Schlarbaum, G., & Stanley, K. (1981). Further Evidence on The Value of Professional Investment Research. Journal of Financial Research,
  • Lewellen, W., & Emery, D. (1981). On The Matter of Parity Among Financial Obligations. Journal of Finance,
  • Lewellen, W. (1981). Inflation and Dividends. Financial Analysts Journal ,
  • Lewellen, W., Schlarbaum, G., & Stanley, K. (1980). Investor Response to Investment Research. Journal of Portfolio Management,
  • Lewellen, W., McConnell, J., & Scott, J. (1980). Capital Market Influences on Trade Credit Policies. Journal of Financial Research,
  • Lewellen, W., Schlarbaum, G., & Lease, R. (1980). Portfolio Designs and Portfolio Performance: The Individual Investor. Journal of Economics and Business,
  • Lewellen, W., McConnell, J., & Kim, H. (1979). Financial Leverage Clienteles: Theory and Evidence. Journal of Financial Economics,
  • Lewellen, W., Lease, R., & Schlarbaum, G. (1979). Investment Performance and Investor Behavior. Journal of Financial and Quantitative Analysis,
  • Lewellen, W., & McConnell, J. (1979). Market-Based and Accounting Standards for Public Utility Rate Regulation. Financial Management,
  • Lewellen, W., & Schlarbaum, G. & Lease, R. (1979). The Personal Investments of Professional Managers. Financial Management,
  • Lewellen, W., Lease, R., Schlarbaum, G., & Groth, J. (1978). Securities Analysts: Some are More Equal. Journal of Portfolio Management,
  • Lewellen, W., Lease, R., & Schlarbaum, G. (1978). Realized Returns on Common Stock Investments: The Experience of Individual Investors. Journal of Business,
  • Lewellen, W., Lease, R., Schlarbaum, G., & Stanley, K. (1978). Some Direct Evidence on The Dividend Clientele Phenomenon. Journal of Finance,
  • Lewellen, W., Lease, R., & Schlarbaum, G. (1978). The Common-Stock-Portfolio Performance Record of Individual Investors. Journal of Finance,
  • Lewellen, W., McConnell, J., & Kim, H. (1978). Sale and Leaseback Agreements and Enterprise Valuation. Journal of Financial and Quantitative Analysis,
  • Lewellen, W., Long, M., & McConnell, J. (1977). Capital Cost and Adjusted Present Value: Reconciliation and Amplification. Journal of Business Research,
  • Lewellen, W., Lease, R., & Schlarbaum, G. (1977). Patterns of Investment Strategy and Behavior Among Individual Investors. Journal of Business,
  • Lewellen, W., & McConnell, J. (1977). Tax Reform, Firm Valuation and Capital Costs. Financial Management,
  • Lewellen, W. (1977). Some Observations on Risk-Adjusted Discount Rates. Journal of Finance ,
  • Lewellen, W., Lease, R., & Schlarbaum, G. (1977). Stock Exchange Listings and Securities Returns. Journal of Financial and Quantitative Analysis,
  • Lewellen, W., Lease, R., Schlarbaum, G., & Ying, L. (1977). Some Evidence of The Patterns and Causes of Mutual Fund Ownership. Journal of Economics and Business,
  • Lewellen, W., & Racette, G. (1976). Corporate Debt Coupon Rate Strategies. National Tax Journal,
  • Lewellen, W., Long, M., & McConnell, J. (1976). Asset Leasing in Competitive Capital Markets. Journal of Finance,
  • Lewellen, W., Lease, R., & Schlarbaum, G. (1976). Market Segmentation: Evidence on The Individual Investor. Financial Analysts Journal,
  • Lewellen, W. (1976). Executive Pay in the United States. Mercurio ,
  • Lewellen, W., Cohn, R., Lease, R., & Schlarbaum, G. (1975). Individual Investor Risk Aversion and Investment Portfolio Composition. Journal of Finance,
  • Lewellen, W. (1975). Some Extensions of Capital Structure Theory. Journal of Business Research ,
  • Lewellen, W. (1975). Recent Evidence on Senior Executive Pay. Executive Tax Journal ,
  • Lewellen, W., Hettenhouse, G., Lanser, H., & James, H. (1975). Communicating The Compensation Package. Personnel,
  • Lewellen, W., Henderson, P., & Hettenhouse, H. (1974). A Scorecard for Executive Incentive and Stock Plans. Compensation Review,
  • Lewellen, W., & Hughes, J. (1974). Programming Solutions to Capital Rationing Problems. Journal of Business Finance and Accounting,
  • Lewellen, W., Lease, R., & Schlarbaum, G. (1974). The Individual Investor: Attributes and Attitudes. Journal of Finance,
  • Lewellen, W. (1974). A Conceptual Re-Appraisal of Cost of Capital. Financial Management ,
  • Lewellen, W., & Edmister, R. (1973). A General Model for Accounts Receivavble Analysis and Control. Journal of Financial and Quantitative Analysis,
  • Lewellen, W., & Racette, G. (1973). Convertible Debt Financing. Journal of Financial and Quantitative Analysis,
  • Lewellen, W., Lanser, H., & McConnell, J. (1973). Payback Substitutes for Discounted Cash Flow. Financial Management,
  • Lewellen, W., & Johnson, R. (1972). Better Ways to Monitor Accounts Receivable. Harvard Business Review,
  • Lewellen, W. (1972). Financial Subsidiaries and Corporate Borrowing Capacity. Financial Management ,
  • Lewellen, W. (1972). Managerial Pay and the Tax Changes of the 1960's. National Tax Journal ,
  • Lewellen, W., & Johnson, R. (1972). Analysis of the Lease-or-Buy Decision. Journal of Finance,
  • Lewellen, W., & Long, M. (1972). Simulation Versus Single-Value Estimates in Capital Expenditure Analysis. Decision Sciences,
  • Lewellen, W., & Lanser, H. (1972). Executive Pay Preferences. Harvard Business Review,
  • Lewellen, W. (1971). A Pure Financial Rationale for Conglomerate Merger. Journal of Finance ,
  • Lewellen, W., & Hettenhouse, G. (1970). The Impact of Tax Reform on Executive Compensation Costs. Journal of Taxation,
  • Lewellen, W., & Huntsman, B. (1970). Managerial Pay and Corporate Performance. American Economic Review,
  • Lewellen, W., & Hettenhouse, G. (1969). The Taxation of Restricted Stock Compensation Plans. National Tax Journal,
  • Lewellen, W. (1969). Management & Ownership in the Large Firm. Journal of Finance ,
  • Lewellen, W., & Hettenhouse, G. (1969). Comparative Analysis of the After-Tax Cost of Executive Pay Alternatives. Journal of Taxation,
  • Lewellen, W. (1969). Tax Minimization and Executive Compensation Plans. Tax Impacts on Compensation ,
  • Lewellen, W. (1968). Executives Lose Out, Even with Options. Harvard Business Review,
  • Lewellen, W., & Holland, D. (1962). Probing The Record of Stock Options. Harvard Business Review,

Conference Proceedings

  • Lewellen, W. (1974). Empirical Evidence on Individual Investor Portfolio Performance. Proceedings of The Seminar on The Analysis of Security Prices,
  • Lewellen, W. (1974). Perception-Efficiency in Employee Compensation. American Compensation Association National Conference ,
  • Lewellen, W. (1974). Investment Strategies of The Individual Investor. Proceedings of The Seminar on The Analysis of Security Prices,
  • Lewellen, W. (1972). Tax Reform and Executive Compensation: Revenue Effects. Proceedings of The Annual Conference on Taxation,
  • Lewellen, W. (1970). An Inter-Sectoral Analysis of Senior Executive Rewards. Proceedings of the Annual Conference on Taxation,

Books

  • Lewellen, W., Halloran, J., & Lanser, H. (2000). Financial Management: An Introduction to Principles and Practice. South-Western College Publishing, Cincinnati, OH.
  • Lewellen. W. (1985). The Cost of Capital. Kendall-Hunt, Des Moines, IA.
  • Lewellen, W. (1971). The Ownership Income of Management. National Bureau of Economic Research, New York, NY.
  • Lewellen, W. (1968). Executive Compensation in Large Industrial Corporations. National Bureau of Economic Research, New York, NY.

Book Chapters

  • Heron, R., & Lewellen, W. (2004). Reincorporation. Kluwer Academic Press, New York, NY.