Richard Simon Warr

Richard Warr received his Ph.D in Finance from the University of Florida in 1998. His research focuses on information transmission in markets, equity valuation, endogeneity of corporate events such as option listings, short selling, capital structure and market microstructure. He has published papers in several top finance and accounting journals including the Journal of Accounting and Economics, the Journal of Financial and Quantitative Analysis, Financial Management and the Journal of Corporate Finance. He currently serves as the Co-Editor of the Financial Review. His teaching is in the area of investments, portfolio management and security analysis.

Works (34)

Updated: April 4th, 2024 04:19

2021 article

A message from the outgoing editors of The Financial Review

Krishnamurthy, S., & Warr, R. S. (2021, May). FINANCIAL REVIEW, Vol. 56, pp. 203–203.

By: S. Krishnamurthy*  & R. Warr n 

Sources: Web Of Science, NC State University Libraries
Added: April 19, 2021

2020 journal article

Analysts versus time-series forecasts of quarterly earnings: A maintained hypothesis revisited

ADVANCES IN ACCOUNTING, 51.

By: D. Pagach*  & R. Warr* 

author keywords: Analysts' quarterly EPS forecasts; ARIMA models; Maintained hypothesis; Expectation models
Sources: Web Of Science, NC State University Libraries
Added: January 19, 2021

2018 journal article

Do Pro-Diversity Policies Improve Corporate Innovation?

FINANCIAL MANAGEMENT, 47(3), 617–650.

By: R. Mayer*, R. Warr*  & J. Zhao  n

Contributors: R. Mayer*, R. Warr*  & J. Zhao  n

UN Sustainable Development Goal Categories
Sources: Web Of Science, ORCID, NC State University Libraries
Added: October 19, 2018

2018 journal article

Inflation and equity mutual fund flows

JOURNAL OF FINANCIAL MARKETS, 37, 52–69.

By: S. Krishnamurthy n , D. Pelletier n & R. Warr n 

Contributors: S. Krishnamurthy n , D. Pelletier n & R. Warr n 

author keywords: Mutual funds; Fund flows; Inflation illusion; Equity valuation
UN Sustainable Development Goal Categories
1. No Poverty (OpenAlex)
Sources: Web Of Science, ORCID, NC State University Libraries
Added: August 6, 2018

2018 journal article

Report of the Editors of The Financial Review for 2017

FINANCIAL REVIEW, 53(3), 657–664.

By: S. Krishnamurthy*  & R. Warr* 

Sources: Web Of Science, NC State University Libraries
Added: October 16, 2018

2018 journal article

The Propensity to Split and CEO Compensation

FINANCIAL MANAGEMENT, 47(1), 105–129.

By: E. Devos, W. Elliott* & R. Warr* 

Contributors: E. Devos, W. Elliott* & R. Warr* 

Sources: Web Of Science, ORCID, NC State University Libraries
Added: August 6, 2018

2015 journal article

CEO opportunism?: Option grants and stock trades around stock splits

JOURNAL OF ACCOUNTING & ECONOMICS, 60(1), 18–35.

By: E. Devos *, W. Elliott* & R. Warr n 

Contributors: E. Devos *, W. Elliott* & R. Warr n 

author keywords: Managerial incentives; Executive compensation; Stock splits
Sources: Web Of Science, ORCID, NC State University Libraries
Added: August 6, 2018

2014 journal article

Capital structure, equity mispricing, and stock repurchases

JOURNAL OF CORPORATE FINANCE, 26, 182–200.

By: A. Bonaime*, O. Oeztekin & R. Warr n 

Contributors: A. Bonaimé*, O. Öztekin * & R. Warr n 

author keywords: Target leverage; Residual income model; Capital structure; Equity mispricing; Market timing; Share repurchase
Sources: Web Of Science, ORCID, NC State University Libraries
Added: August 6, 2018

2014 journal article

Liquidity, Accounting Transparency, and the Cost of Capital: Evidence from Real Estate Investment Trusts

Journal of Real Estate Research, 36(2).

By: B. Danielsen, D. Harrison, R. Ness & R. Warr 

Source: NC State University Libraries
Added: September 18, 2019

2014 journal article

Liquidity, accounting transparency, and the cost of capital: Evidence from real estate investment trusts

Journal of Real Estate Research, 36(2), 221–251.

By: B. Danielsen, D. Harrison, R. Van Ness & R. Warr 

Source: NC State University Libraries
Added: August 6, 2018

2012 journal article

Equity Mispricing and Leverage Adjustment Costs

JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS, 47(3), 589–616.

By: R. Warr n , W. Elliott*, J. Koeter-Kant & O. Oeztekin

Contributors: R. Warr n , W. Elliott*, J. Koëter-Kant & O. Öztekin *

Sources: Web Of Science, ORCID, NC State University Libraries
Added: August 6, 2018

2012 article

Short selling of ADRs and foreign market short-sale constraints

Blau, B. M., Van Ness, R. A., & Warr, R. S. (2012, March). JOURNAL OF BANKING & FINANCE, Vol. 36, pp. 886–897.

By: B. Blau *, R. Van Ness * & R. Warr n 

Contributors: B. Blau *, R. Van Ness * & R. Warr n 

author keywords: Short selling; Short-sale constraints; American Depository Receipts (ADRs)
UN Sustainable Development Goal Categories
Sources: Web Of Science, ORCID, NC State University Libraries
Added: August 6, 2018

2011 journal article

The Characteristics of Firms That Hire Chief Risk Officers

JOURNAL OF RISK AND INSURANCE, 78(1), 185–211.

By: D. Pagach n  & R. Warr n 

Contributors: D. Pagach n  & R. Warr n 

Sources: Web Of Science, ORCID, NC State University Libraries
Added: August 6, 2018

2009 book

Corporate Reputational Risk and Enterprise Risk Management: An Analysis from the Perspectives of Various Stakeholders

Society of Actuaries.

By: D. Pagach & R. Warr 

Source: NC State University Libraries
Added: September 18, 2019

2009 journal article

REIT Auditor Fees and Financial Market Transparency

REAL ESTATE ECONOMICS, 37(3), 515–557.

By: B. Danielsen n, D. Harrison *, R. Van Ness * & R. Warr n 

Contributors: B. Danielsen n, D. Harrison *, R. Van Ness * & R. Warr n 

Sources: Web Of Science, ORCID, NC State University Libraries
Added: August 6, 2018

2009 journal article

Single Stock Futures as a Substitute for Short Sales: Evidence from Microstructure Data

JOURNAL OF BUSINESS FINANCE & ACCOUNTING, 36(9-10), 1273–1293.

By: B. Danielsen*, R. Van Ness * & R. Warr* 

Contributors: B. Danielsen*, R. Van Ness * & R. Warr* 

author keywords: stock futures; microstructure; short sales
UN Sustainable Development Goal Categories
Sources: Web Of Science, ORCID, NC State University Libraries
Added: August 6, 2018

2009 journal article

Strategic Risk Management from an Enterprise Perspective

FSR Forum.

By: D. Pagach & R. Warr 

Source: NC State University Libraries
Added: February 13, 2021

2008 journal article

Information Conveyed in Hiring Announcements of Senior Executives Overseeing Enterprise-Wide Risk Management Processes

Journal of Accounting, Auditing & Finance, 23(3), 311–332.

By: M. Beasley n , D. Pagach n  & R. Warr n 

Contributors: M. Beasley n , D. Pagach n  & R. Warr n 

Sources: ORCID, Crossref, NC State University Libraries
Added: February 20, 2019

2008 journal article

Market timing and the debt-equity choice

JOURNAL OF FINANCIAL INTERMEDIATION, 17(2), 175–197.

By: W. Elliott*, J. Koeter-Kant* & R. Warr n 

Contributors: W. Elliott*, J. Koëter-Kant* & R. Warr n 

author keywords: capital structure; market timings; security choicer; mispricing; earnings-based valuation; residual income model
UN Sustainable Development Goal Categories
10. Reduced Inequalities (OpenAlex)
Sources: Web Of Science, ORCID, NC State University Libraries
Added: August 6, 2018

2007 journal article

A valuation-based test of market timing

JOURNAL OF CORPORATE FINANCE, 13(1), 112–128.

By: W. Elliott*, J. Koeter-Kant* & R. Warr n 

Contributors: W. Elliott*, J. Koëter-Kant* & R. Warr n 

author keywords: residual income model; capital structure; market timing; financing deficit
Sources: Web Of Science, ORCID, NC State University Libraries
Added: August 6, 2018

2007 journal article

Auditor fees, market microstructure, and firm transparency

Journal of Business Finance and Accounting, 34(1-2), 202–221.

By: B. Danielsen n, R. Van Ness  n & R. Warr n 

Contributors: B. Danielsen n, R. Van Ness  n & R. Warr n 

author keywords: market microstructure; opacity; audit fees
Source: ORCID
Added: February 20, 2019

2007 journal article

Cubes to quads: The move of QQQ from AMEX to NASDAQ

Journal of Economics and Business, 59(6), 520–535.

By: K. Broom*, R. Van Ness * & R. Warr n 

Contributors: K. Broom*, R. Van Ness * & R. Warr n 

author keywords: QQQ; ETF; NASDAQ
UN Sustainable Development Goal Categories
Source: ORCID
Added: February 20, 2019

2007 journal article

Reassessing the impact of option introductions on market quality: A less restrictive test for event-date effects

JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS, 42(4), 1041–1062.

By: B. Danielsen*, B. Van Ness & R. Warr* 

Contributors: B. Danielsen*, B. Van Ness & R. Warr* 

UN Sustainable Development Goal Categories
Sources: Web Of Science, ORCID
Added: August 6, 2018

2006 journal article

What drives the S&P 500 inclusion effect? An analytical survey

FINANCIAL MANAGEMENT, 35(4), 31–48.

By: W. Elliott n, B. Van Ness n, M. Walker n & R. Warr n 

Contributors: W. Elliott n, B. Van Ness n, M. Walker n & R. Warr n 

UN Sustainable Development Goal Categories
Sources: Web Of Science, ORCID, NC State University Libraries
Added: August 6, 2018

2005 chapter

A Comparison of NYSE and Regional Trading (1993-2002)

In E. Klein (Ed.), Stock Exchanges, IPOs and Mutual Funds. Hauppauge, NY: Nova Science Publishers, Inc.

By: R. Warr , B. Van Ness & R. Van Ness

Ed(s): E. Klein

Source: NC State University Libraries
Added: February 13, 2021

2005 journal article

An empirical study of inflation distortions to EVA

Journal of Economics and Business, 57(2), 119–137.

By: R. Warr n 

Contributors: R. Warr n 

author keywords: EVA; Economic value added; Inflation; Inflation distortion
UN Sustainable Development Goal Categories
8. Decent Work and Economic Growth (OpenAlex)
Source: ORCID
Added: February 20, 2019

2005 journal article

Nasdaq trading and trading costs: 1993-2002

Financial Review, 40(3), 281–304.

By: B. Van Ness*, R. Van Ness * & R. Warr n 

Contributors: B. Van Ness*, R. Van Ness * & R. Warr n 

author keywords: bid-ask spread; liquidity; Nasdaq; order handling rules; tick size; trading costs; trading activity
UN Sustainable Development Goal Categories
Source: ORCID
Added: February 20, 2019

2005 chapter

The Impact of the Introduction of Index Securities on the Underlying Stocks: The Case of the Diamonds and the Dow 30

In Advances in Quantitative Analysis of Finance & Accounting (pp. 105–128).

By: B. Van Ness*, R. Van Ness * & R. Warr n 

author keywords: Index securities; exchange traded funds; spreads
UN Sustainable Development Goal Categories
Sources: Crossref, NC State University Libraries
Added: August 30, 2019

2005 journal article

The impact of market maker concentration on adverse-selection costs for NASDAQ stocks

Journal of Financial Research, 28(3), 461–485.

By: B. Van Ness*, R. Van Ness * & R. Warr n 

Contributors: B. Van Ness*, R. Van Ness * & R. Warr n 

Source: ORCID
Added: February 20, 2019

2004 chapter

Comparison of NYSE and Regional Trading (1993-2002

In R. Roll (Ed.), Focus on financial institutions and services. New York: Nova Science Publishers.

By: B. Van Ness, R. Van Ness & R. Warr 

Ed(s): R. Roll

Source: NC State University Libraries
Added: February 20, 2021

2003 journal article

Price pressure on the NYSE and Nasdaq: Evidence from S&P 500 index changes

FINANCIAL MANAGEMENT, 32(3), 85–99.

By: W. Elliott* & R. Warr n 

Contributors: W. Elliott* & R. Warr n 

UN Sustainable Development Goal Categories
Sources: Web Of Science, ORCID, NC State University Libraries
Added: August 6, 2018

2002 journal article

Is the adverse selection component really higher on the NYSE/Amex than on the Nasdaq?

Journal of Business Finance and Accounting, 29(5-6), 807–824.

By: B. Van Ness*, R. Ness * & R. Warr n 

Contributors: B. Van Ness*, R. Ness * & R. Warr n 

Source: ORCID
Added: February 20, 2019

2002 journal article

The decline of inflation and the bull market of 1982-1999

Journal of Financial and Quantitative Analysis, 37(1), 29–61.

By: J. Ritter & R. Warr* 

Contributors: J. Ritter & R. Warr* 

Source: ORCID
Added: February 20, 2019

2001 journal article

How well do adverse selection components measure adverse selection?

Financial Management, 30(3), 77–98. http://www.scopus.com/inward/record.url?eid=2-s2.0-0039246531&partnerID=MN8TOARS

By: B. Van Ness, R. Van Ness & R. Warr 

Contributors: B. Van Ness, R. Van Ness & R. Warr 

www.scopus.com
Source: ORCID
Added: February 20, 2019

Employment

Updated: February 20th, 2019 13:44

2002 - present

North Carolina State University Raleigh, NC, US
Professor Business Management

Education

Updated: February 14th, 2018 10:35

1993 - 1998

University of Florida Gainesville, FL, US
Ph.D. Finance, Insurance and Real Estate

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