Professor Lewellen's research focuses on the behavior of stock prices and the performance of investment strategies, with additional interests in corporate finance.  He currently studies tests of the CAPM, herding and price pressure in stock markets, and the impact of cashflow on firms' investment decisions.

Click on a title to download.

1.  Investment and cashflow, with K. Lewellen, 2010

2.  Institutional investors and the limits of arbitrage, 2009

3.  Internal equity, taxes, and capital structure, with K. Lewellen, 2005

4.  Herding, feedback trading, and stock returns: Evidence from Korea, with J. Chae, 2005

5.  Temporary movements in stock prices, 2002.