Timothy Johnson

Articles

• Johnson, T., & Deuskar, P. (2021). Funding Liquidity and Market Liquidity in Government Bonds. Journal of Banking and Finance, 129.
• Johnson, T., Liang, M., & Liu, Y. (2018). What Drives Index Option Exposure? Review of Finance, 22 (2), 561–593.
• Johnson, T., Hackbarth, D., & Gu, L. (2018). Inflexibility and Stock Returns. Review of Financial Studies, 31 (1), 278-321.
• Johnson, T. (2016). Rethinking Reversals. Journal of Financial Economics, 120 (2).
• Johnson, T., & Hackbarth, D. (2015). Real Options and Risk Dynamics. Review of Economic Studies, 82 (4), 1449-1482.
• Johnson, T., & Lee, J. (2014). On the Systemantic Volatility of Unpriced Earnings. Journal of Financial Economics, 114 (1).
• Johnson, T. (2012). Inequality Risk Premia. Journal of Monetary Economics, 59 (6), 565-580.
• Johnson, T., Chebonenko, T., Cunha, I., D'Almeida, F., & Spencer, X. (2011). Endogenous Leverage and Expected Stock Returns. Finance Research Letters, 8 (3), 132-145.  link >
• Deuskar, P., & Johnson, T. (2011). Market Liquidity and Flow-Driven Risk. Review of Financial Studies, 24 (3), 721-753.  link >
• Johnson, T., & Acharya, V. (2010). More Insiders, More Insider Trading: Evidence from Private Equity Buyouts. Journal of Financial Economics, 98.
• Johnson, T. (2009). Liquid Capital and Market Liquidity. Economic Journal, 119 (540).
• Johnson, T. (2008). Volume, Liquidity, and Liquidity Risk. Journal of Financial Economics, 87 (2).
• Johnson, T. (2007). Optimal Learning and New Technology Bubbles. Journal of Monetary Economics, 54 (8), 2486-2511.
• Johnson, T., & Acharya, V. (2007). Insider Trading in Credit Derivatives. Journal of Financial Economics, 84 (1), 110-141.
• Johnson, T. (2006). Dynamic Liquidity in Endowment Economies. Journal of Financial Economics, 80 (3), 531-562.
• Johnson, T., & Jackson, A. (2006). Unifying Underreaction Anomalies. Journal of Business.
• Johnson, T. (2004). Forecast Dispersion and the Cross-Section of Expected Returns. Journal of Finance.
• Johnson, T. (2002). Rational Momentum Effects. Journal of Finance.
• Johnson, T. (2002). Volatility, Momentum and Time-Varying Skewness in Foreign Exchange Returns. Journal of Business and Economic Statistics.
• Johnson, T. (2001). Return Dynamics when Persistence is Unobservable. Mathematical Finance.

Presentations

• Johnson, T. (2023). Is Physical Climate Risk Priced? Midwest Finance Association.
• Johnson, T. (2023). Is Physical Climate Risk Priced? American Finance Association.
• Johnson, T. (2023). Is Physical Climate Risk Priced? Jackson Hole Finance Group Conference.
• Johnson, T. (2022). Disagreement and Control Rights: Implications for Debt Policy and Aggregate Dynamics. Finance Down Under, University of Melbourne.
• Johnson, T. (2022). Vaccine Progress, Stock Prices, and the Value of Ending the Pandemic. AFA.
• Johnson, T. (2021). The Value of a Cure: An Asset Pricing Perspective. U.C.L.A.
• Johnson, T. (2021). The Value of a Cure: An Asset Pricing Perspective. Shanghai Advanced Institute of Finance.
• Acharya, V., & Johnson, T. (2020). The Value of a Cure: An Asset Pricing Perspective. NYU Stern.
• Johnson, T. (2020). Bank Use of Sovereign CDS in the Eurozone Crisis: Hedging and Risk Incentives. SFS Cavalcade.
• Johnson, T. (2018). The Private and Social Value of Capital Structure Commitment. Northern Finance Association.
• Johnson, T. (2018). The Private and Social Value of Capital Structure Commitment. Western Finance Association.
• Johnson, T., Liu, P., & Yu, C. (2018). "The Private and Social Value of Capital Structure Commitment". Western Finance Association.
• Johnson, T., Yu, C., & Liu, P. (2018). "The Private and Social Value of Capital Structure Commitment". Society for Financial Studies Cavalcade.
• Liu, P., & Johnson, T. (2018). The Private and Social Cost of Equity Maximizing Debt Policy. SFS Cavalcade.
• Johnson, T., Liu, P., & Yu, C. (2018). "The Private and Social Value of Capital Structure Commitment". University of British Columbia Winter Finance Conference.
• Johnson, T. (2017). Uncertainty Shocks, Aggregate Debt, and the Real Effects of Corporate Finance. McGill University.
• Johnson, T. (2017). Bank Use of Sovereign CDS in the Eurozone Crisis: Hedging and Risk Incentives. Bank of Canada.
• Johnson, T. (2017). "Uncertainty Shocks, Aggregate Debt, and the Real Effects of Corporate Finance". American Finance Association.
• Johnson, T. (2016). "Uncertainty Shocks, Aggregate Debt, and the Real Effects of Corporate Finance". Auckland Finance Conference.
• Johnson, T. (2016). Uncertainty Shocks, Aggregate Debt, and the Real Effects of Corporate Finance. Texas A&M.
• Johnson, T. (2013). Rethinking Reversals. INSEAD.
• Johnson, T. (2013). On the Systematic Volatility of Unpriced Earnings. American Finance Association Meetings.
• Johnson, T. (2012). On the Systematic Volatility of Unpriced Earnings. UBC Summer Finance Confernece.
• Johnson, T., & Hackbarth, D. (2012). Real Options and Risk Dynamics. Utah Winter Finance Conference.
• Deuskar, P., & Johnson, T. (2011). Market Liquidity and Flow-Driven Risk. American Finance Association Meetings.
• Johnson, T., & Hackbarth, D. (2011). Real Options and Risk Dynamics. NBER Meetings.
• Deuskar, P., & Johnson, T. (2010). Market Liquidity and Flow-Driven Risk China International Conference in Finance.
• Johnson, T. (2010). Inequality Risk Premia. American Finance Association Meetings.
• Deuskar, P., & Johnson, T. (2009). Market Liquidity and Flow-Driven Risk. Fifth Annual Early Career Women in Finance Conference.
• Johnson, T. (2009). Volume, Liquidity, and Liquidity Risk. American Finance Association Meetings.

Working Papers

• Acharya, V., Johnson, T., Sundaresan, S., & Zheng, S. Disasters with Unobservable Frequency and Duration: Intensified Responses and Diminished Preparedness.
• Johnson, T., Acharya, V., Sundaresan, S., & Tomunen, T. Is Physical Climate Risk Priced? Evidence from Regional Variation in Exposure to Heat Stress.
• Johnson, T., Baker, S., & Chen, Z. Disagreement and Control Rights: Implications for Debt Policy and Aggregate Dynamics.
• Johnson, T., Liu, P., & Yu, C. The Private and Social Value of Equity Maximizing Capital Structure.
• Johnson, T., Acharya, V., Sundaresan, S., & Zheng, S. Vaccine Progress, Stock Prices, and the Value of Ending the Pandemic.
• Johnson, T. Commodity Dependence and Aggregate Risk.