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 (29)

2018 journal article

Do Pro-Diversity Policies Improve Corporate Innovation?

Financial Management, 47(3), 617–650.

By: R. Mayer, R. Warr & J. Zhao

Sources: NC State University Libraries, ORCID
Added: October 19, 2018

2018 journal article

Inflation and equity mutual fund flows

Journal of Financial Markets, 37, 52–69.

Sources: NC State University Libraries, ORCID
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: NC State University Libraries, ORCID
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

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

2015 journal article

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

Journal of Accounting and Economics, 60(1), 18–35.

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

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

2014 journal article

Capital structure, equity mispricing, and stock repurchases

Journal of Corporate Finance, 26, 182–200.

By: A. Bonaimé, O. Öztekin & R. Warr

Sources: NC State University Libraries, ORCID
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, W. Elliott, J. Koeter-Kant & O. Oztekin

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

2012 journal article

Short selling of ADRs and foreign market short-sale constraints

Journal of Banking and Finance, 36(3), 886–897.

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

Sources: NC State University Libraries, ORCID
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 & R. Warr

Sources: NC State University Libraries, ORCID
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, D. Harrison, R. Ness & R. Warr

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

2009 journal article

Single stock futures as a substitute for short sales: Evidence from microstructure data

Journal of Business Finance and Accounting, 36(9-10), 1273–1293.

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

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

2008 journal article

Information conveyed in hiring announcements of senior executives overseeing enterprise-wide risk management processes

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

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

Source: ORCID
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

Sources: NC State University Libraries, ORCID
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

Sources: NC State University Libraries, ORCID
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, R. Van Ness & R. Warr

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

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

Sources: NC State University Libraries, 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, B. Ness, M. Walker & R. Warr

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

2005 journal article

An empirical study of inflation distortions to EVA

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

By: R. Warr

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

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

Sources: Crossref, ORCID
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

Source: ORCID
Added: February 20, 2019

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

Sources: NC State University Libraries, ORCID
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

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

Source: ORCID
Added: February 20, 2019

2001 journal article

How well do adverse selection components measure adverse selection?

Financial Management, 30(3), 77–98.

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

Source: ORCID
Added: February 20, 2019

Employment

2002 - present

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

Education

1993 - 1998

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