@article{lundstrum_walker_2006, title={LEAPS introductions and the value of the underlying stocks}, volume={15}, ISSN={["1042-9573"]}, DOI={10.1016/j.jfi.2005.09.002}, abstractNote={We examine the change in the value of the underlying stock associated with long-term option introduction. Analysis of the abnormal returns associated with LEAPS (Long-Term Equity Anticipation Security) introductions indicates a decline in firm value even after we control for the endogenous nature of the listing decision. However, the evidence does not support previously-offered explanations for the price change associated with option introductions. In particular, we do not find the predicted relations between the cumulative abnormal returns and variables associated with loosening of short sale constraints such as beta, proxies for the dispersion in investor beliefs, and change in relative short interest.}, number={4}, journal={JOURNAL OF FINANCIAL INTERMEDIATION}, author={Lundstrum, Leonard L. and Walker, Mark D.}, year={2006}, month={Oct}, pages={494–510} }
 @article{lundstrum_2002, title={Corporate investment myopia: a horserace of the theories}, volume={8}, number={4}, journal={Journal of Corporate Finance (Amsterdam, Netherlands)}, author={Lundstrum, L. L.}, year={2002}, pages={353–371} }
 @article{jones_wilson_lundstrum_2002, title={Estimating stock returns - Should investors expect less in the future?}, volume={29}, ISSN={["2168-8656"]}, DOI={10.3905/jpm.2002.319862}, abstractNote={How do we quantify the level of return that an investor can expect in the future? An examination of the historical distribution of total returns reveals declines in dividend yields and new likely lower boundaries for price appreciation. It is often asserted that low dividend yields brought about by higher earnings retention should be followed by greater price appreciation as a firm invests retained earnings into new projects. The available recent evidence refutes this assertion. Barring some significant reversal of current conditions, short-term and possibly intermediate-term returns from stocks will be lower than what many investors may be anticipating.}, number={1}, journal={JOURNAL OF PORTFOLIO MANAGEMENT}, author={Jones, CP and Wilson, JW and Lundstrum, LL}, year={2002}, pages={40-+} }