The SSRN Blog

Here are the top 5 papers downloaded from the SSRN eLibrary for the week ending October 2, 2009:

1. A Quantitative Approach to Tactical Asset Allocation
by Mebane T. Faber (Cambria Investment Management)

2. Patent Claim Construction: A Modern Synthesis and Structured Framework
by Peter S. Menell (University of California, Berkeley - School of Law) and Matthew D. Powers (Weil Gotshal & Manges LLP) and Steven C. Carlson (Fish & Richardson P.C.)

3. How Do Hedge Fund Clones Manage the Real World?
by Nils Tuchschmid (Haute école de gestion de Genève) and Erik Wallerstein (Geneva School of Business Administration) and Sassan Zaker (Julius Baer Bank)

4. Americans Reject Tailored Advertising and Three Activities that Enable It
by Joseph Turow (University of Pennsylvania - Annenberg School for Communication) and Jennifer King (Berkeley Center for Law & Technology; University of California, Berkeley - School of Law) and Chris Jay Hoofnagle (Berkeley Center for Law & Technology; University of California, Berkeley - School of Law) and Amy Bleakley (Annenberg Public Policy Center) and Michael Hennessy (Annenberg Public Policy Center)

5. Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure
by Michael C. Jensen (Harvard Business School; The Monitor Company; Social Science Electronic Publishing, Inc.) and William H. Meckling (University of Rochester Simon School [deceased])

Here are the top 5 papers downloaded from the SSRN eLibrary for the week ending September 25, 2009:

1. A Quantitative Approach to Tactical Asset Allocation
by Mebane T. Faber (Cambria Investment Management)

2. Broken Promises of Privacy: Responding to the Surprising Failure of Anonymization
by Paul Ohm (University of Colorado Law School)

3. A Quantitative Approach to Faber’s Tactical Asset Allocation
by Stefano Marmi (Scuola Normale Superiore) and Claudio Pacati (University of Siena - Department of Economics) and Wiston Adrián Risso (University of Siena - Department of Economics) and Roberto Renò (University of Siena - Department of Economics)

4. Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure
by Michael C. Jensen (Harvard Business School; The Monitor Company; Social Science Electronic Publishing, Inc.) and William H. Meckling (University of Rochester Simon School [deceased])

5. Governance Matters VIII: Aggregate and Individual Governance Indicators, 1996-2008
by Daniel Kaufmann (Brookings Institution) and Aart Kraay (World Bank - Development Research Group) and Massimo Mastruzzi (World Bank Institute)

Here are the top 5 papers downloaded from the SSRN eLibrary for the week ending September 18, 2009:

1. Broken Promises of Privacy: Responding to the Surprising Failure of Anonymization
by Paul Ohm (University of Colorado Law School)

2. The Equity Premium in 150 Textbooks
by Pablo Fernandez (University of Navarra - IESE Business School)

3. A Quantitative Approach to Tactical Asset Allocation
by Mebane T. Faber (Cambria Investment Management)

4. Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure
by Michael C. Jensen (Harvard Business School; The Monitor Company; Social Science Electronic Publishing, Inc.) and William H. Meckling (University of Rochester Simon School [deceased])

5. Governance Matters VIII: Aggregate and Individual Governance Indicators, 1996-2008
by Daniel Kaufmann (Brookings Institution) and Aart Kraay (World Bank - Development Research Group) and Massimo Mastruzzi (World Bank Institute)

Here are the top 5 papers downloaded from the SSRN eLibrary for the week ending September 11, 2009:

1. Broken Promises of Privacy: Responding to the Surprising Failure of Anonymization
by Paul Ohm (University of Colorado Law School)

2. A Quantitative Approach to Tactical Asset Allocation
by Mebane T. Faber (Cambria Investment Management)

3. The Ethical Responsibility to Reduce Energy Consumption
by John C. Dernbach (Widener University - School of Law) and Donald A. Brown (Pennsylvania State University)

4. Anatomy of an Entrepreneur: Family Background and Motivation
by Vivek Wadhwa (Duke University - Pratt School of Engineering; Harvard University - Labor and Worklife Program) and Krisztina Holly (University of Southern California) and Raj Aggarwal (University of Akron - Department of Finance) and Alex Salkever (Duke University - Pratt School of Engineering)

5. Governance Matters VIII: Aggregate and Individual Governance Indicators, 1996-2008
by Daniel Kaufmann (Brookings Institution) and Aart Kraay (World Bank - Development Research Group) and Massimo Mastruzzi (World Bank Institute)

Here are the top 5 papers downloaded from the SSRN eLibrary for the week ending September 4, 2009:

1. A Quantitative Approach to Tactical Asset Allocation
by Mebane T. Faber (Cambria Investment Management)

2. Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure
by Michael C. Jensen (Harvard Business School; The Monitor Company; Social Science Electronic Publishing, Inc.) and William H. Meckling (University of Rochester Simon School [deceased])

3. Governance Matters VIII: Aggregate and Individual Governance Indicators, 1996-2008
by Daniel Kaufmann (Brookings Institution) and Aart Kraay (World Bank - Development Research Group) and Massimo Mastruzzi (World Bank Institute)

4. Global Legal Pluralism
by Paul Schiff Berman (Sandra Day O’Connor College of Law; Princeton University)

5. Corporate Governance and Control
by Marco Becht (Free University of Brussels - European Center for Advanced Research in Economics and Statistics; Université Libre de Bruxelles - Solvay Brussels School of Economics and Management; European Corporate Governance Institute) and Patrick Bolton (Columbia Business School - Department of Economics) and Ailsa Röell (Princeton University - Bendheim Center for Finance)

Here are the top 5 papers downloaded from the SSRN eLibrary for the week ending August 28, 2009:

1. Are You Smarter than a CFA’er?
by Oguzhan C. Dincer (Illinois State University) and Russell B. Gregory-Allen (Massey University - Department of Commerce) and Hany A. Shawky (SUNY at Albany - School of Business and Center for Institutional Investment Management)

2. A Quantitative Approach to Tactical Asset Allocation
by Mebane T. Faber (Cambria Investment Management)

3. Governance Matters VIII: Aggregate and Individual Governance Indicators, 1996-2008
by Daniel Kaufmann (Brookings Institution) and Aart Kraay (World Bank - Development Research Group) and Massimo Mastruzzi (World Bank Institute)

4. Why We Have Never Used the Black-Scholes-Merton Option Pricing Formula (fifth version)
by Espen Gaarder Haug (affiliation not provided to SSRN) and Nassim Nicholas Taleb (NYU-Poly Institute)

5. Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure
by Michael C. Jensen (Harvard Business School; The Monitor Company; Social Science Electronic Publishing, Inc.) and William H. Meckling (University of Rochester Simon School [deceased])

Here are the top 5 papers downloaded from the SSRN eLibrary for the week ending August 21, 2009:

1. Heller High Water(Mark?) Lower Courts and the New Right to Keep and Bear Arms
by Brannon P. Denning (Cumberland School of Law) and Glenn Harlan Reynolds (University of Tennessee College of Law)

2. A Quantitative Approach to Tactical Asset Allocation
by Mebane T. Faber (Cambria Investment Management)

3. Flash Cookies and Privacy
by Ashkan Soltani (University of California, Berkeley - School of Information) and Shannon Canty (Clemson University) and Quentin Mayo (Jacksonville State University) and Lauren Thomas (Louisiana State University) and Chris Jay Hoofnagle (University of California, Berkeley - School of Law, Berkeley Center for Law & Technology)

4. Broken Promises of Privacy: Responding to the Surprising Failure of Anonymization
by Paul Ohm (University of Colorado Law School)

5. “I’ve Got Nothing to Hide” and Other Misunderstandings of Privacy
by Daniel J. Solove (George Washington University Law School)

Here are the top 5 papers downloaded from the SSRN eLibrary for the week ending August 14, 2009:

1. Flash Cookies and Privacy
by Ashkan Soltani (University of California, Berkeley - School of Information) and Shannon Canty (Clemson University) and Quentin Mayo (Jacksonville State University) and Lauren Thomas (Louisiana State University) and Chris Jay Hoofnagle (University of California, Berkeley - School of Law, Berkeley Center for Law & Technology)

2. A Quantitative Approach to Tactical Asset Allocation
by Mebane T. Faber (Cambria Investment Management)

3. “I’ve Got Nothing to Hide” and Other Misunderstandings of Privacy
by Daniel J. Solove (George Washington University Law School)

4. Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure
by Michael C. Jensen (Harvard Business School; The Monitor Company; Social Science Electronic Publishing, Inc.) and William H. Meckling (University of Rochester Simon School [deceased])

5. Understanding the Subprime Mortgage Crisis
by Yuliya S. Demyanyk (Federal Reserve Bank of Cleveland) and Otto Van Hemert (New York University - Department of Finance)

Here are the top 5 papers downloaded from the SSRN eLibrary for the week ending August 7, 2009:

1. A Quantitative Approach to Tactical Asset Allocation
by Mebane T. Faber (Cambria Investment Management)

2. “I’ve Got Nothing to Hide” and Other Misunderstandings of Privacy
by Daniel J. Solove (George Washington University Law School)

3. Governance Matters VIII: Aggregate and Individual Governance Indicators, 1996-2008
by Daniel Kaufmann (Brookings Institution) and Aart Kraay (World Bank - Development Research Group) and Massimo Mastruzzi (World Bank Institute)

4. Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure
by Michael C. Jensen (Harvard Business School; The Monitor Company; Social Science Electronic Publishing, Inc.) and William H. Meckling (University of Rochester Simon School [deceased])

5. Understanding the Subprime Mortgage Crisis
by Yuliya S. Demyanyk (Federal Reserve Bank of Cleveland) and Otto Van Hemert (New York University - Department of Finance)

One of the biggest challenges in scholarly research today is wading through the growing mountain of content. We fully acknowledge there is an overabundance of information in scholarly research today and are working hard to make searching and sifting through the content contained in our eLibrary much easier. Since we received ~50,000 submissions last year, the SSRN Community needs a better interface to find research papers. After spending time thinking about different approaches to display large quantities of articles, we created the eLibrary Viewer.

The eLibrary Viewer places search results in the left hand column of the page. Each result displays hyper-linked title and authors, and the first few lines of the abstract. In addition, we included buttons to open the full abstract page in another window; view citations, references, and footnotes where available; add the abstract to a user’s MyBriefcase; and share, email, or download the paper. These features will allow readers to quickly review and share multiple articles without having to go back and forth between the results and the content pages. The eLibrary Viewer will reduce a researcher’s time reviewing articles. We hope you like it!

To use the new functionality, sign in to SSRN HQ and click on the Beta tab on the search page. Enter your criteria, click “Search” and then leave a comment telling us what you think of it.

Here are the top 5 papers downloaded from the SSRN eLibrary for the week ending July 31, 2009:

1. A Case of Insider Trading in Spain (in Spanish)
by Pablo Fernandez (University of Navarra - IESE Business School)

2. A Quantitative Approach to Tactical Asset Allocation
by Mebane T. Faber (Cambria Investment Management)

3. Seven Sins of Fund Management
by James Montier (Dresdner Kleinwort Wasserstein - Global Equity Strategy)

4. Understanding the Subprime Mortgage Crisis
by Yuliya S. Demyanyk (Federal Reserve Bank of Cleveland) and Otto Van Hemert (New York University - Department of Finance)

5. Governance Matters VIII: Aggregate and Individual Governance Indicators, 1996-2008
by Daniel Kaufmann (Brookings Institution) and Aart Kraay (World Bank - Development Research Group) and Massimo Mastruzzi (World Bank Institute)

Last month, we beta tested abstract “commenting” functionality on all abstracts in our Cognitive Science Network (CSN). With the initial success and positive feedback, we added the functionality to all abstracts in our Entrepreneurship Research and Policy Network (ERPN). This feature expands the possibilities and conversations based on scholarly research in the SSRN eLibrary. We will add commenting to all abstract pages later this year.

What’s next? - SSRN status updates or Super Poke - we don’t know but we are having fun.

Here are the top 5 papers downloaded from the SSRN eLibrary for the week ending July 24, 2009:

1. The Unreasonableness of the Patent Office’s ‘Broadest Reasonable Interpretation’ Standard
by Dawn-Marie Bey (King & Spalding LLP) and Christopher Anthony Cotropia (University of Richmond School of Law)

2. Distributed Security: A New Model of Law Enforcement
by Susan W. Brenner (University of Dayton - School of Law) and Leo L. Clarke (Thomas M. Cooley Law School)

3. A Quantitative Approach to Tactical Asset Allocation
by Mebane T. Faber (Cambria Investment Management)

4. Understanding the Subprime Mortgage Crisis
by Yuliya S. Demyanyk (Federal Reserve Bank of Cleveland) and Otto Van Hemert (New York University - Department of Finance)

5. Information for Submitting Articles to Law Reviews & Journals
by Allen Rostron (University of Missouri at Kansas City - School of Law) and Nancy Levit (University of Missouri at Kansas City - School of Law)

Here are the top 5 papers downloaded from the SSRN eLibrary for the week ending July 17, 2009:

1. Information for Submitting Articles to Law Reviews & Journals
by Allen Rostron (University of Missouri at Kansas City - School of Law) and Nancy Levit (University of Missouri at Kansas City - School of Law)

2. A Quantitative Approach to Tactical Asset Allocation
by Mebane T. Faber (Cambria Investment Management)

3. Governance Matters VIII: Aggregate and Individual Governance Indicators, 1996-2008
by Daniel Kaufmann (Brookings Institution) and Aart Kraay (World Bank - Development Research Group) and Massimo Mastruzzi (World Bank Institute)

4. Post-Conflict Justice and Sustainable Peace
by Scott Gates (International Peace Research Institute, Oslo - Centre for the Study of Civil War) and Helga Malmin Binningsbo (Norwegian University of Science and Technology) and Tove Grete Lie (Norwegian University of Science and Technology)

5. Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure
by Michael C. Jensen (Harvard Business School; The Monitor Company; Social Science Electronic Publishing, Inc.) and William H. Meckling (University of Rochester Simon School [deceased])

Here are the top 5 papers downloaded from the SSRN eLibrary for the week ending July 10, 2009:

1. Governance Matters VIII: Aggregate and Individual Governance Indicators, 1996-2008
by Daniel Kaufmann (Brookings Institution) and Aart Kraay (World Bank - Development Research Group) and Massimo Mastruzzi (World Bank Institute)

2. A Quantitative Approach to Tactical Asset Allocation
by Mebane T. Faber (Cambria Investment Management)

3. Heller and the Triumph of Originalist Judicial Engagement: A Response to Judge Harvie Wilkinson
by Alan Gura (Gura & Possessky, P.L.L.C.)

4. Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure
by Michael C. Jensen (Harvard Business School; The Monitor Company; Social Science Electronic Publishing, Inc.) and William H. Meckling (University of Rochester Simon School [deceased])

5. Why We Have Never Used the Black-Scholes-Merton Option Pricing Formula (fifth version)
by Espen Gaarder Haug (affiliation not provided to SSRN) and Nassim Nicholas Taleb (NYU-Poly Institute)

Here is the latest announcement from SSRN:

Loyola University Chicago School of Law Joins LSN Research Paper Series

We are pleased to announce that Loyola University Chicago School of Law has started a Public Law and Legal Theory Research Paper Series within the Legal Scholarship Network (LSN).

View Papers: http://www.ssrn.com/link/Loyola-U-PUB.html
Subscribe: http://hq.ssrn.com/jourInvite.cfm?link=Loyola-U-PUB
First Issue: http://papers.ssrn.com/sol3/sample_issues/1410172_CMBO.html

Founded in 1908, Loyola University Chicago School of Law is a community of engaged scholars and students inspired by the Jesuit tradition of academic excellence, intellectual openness, and a commitment to justice and the rule of law. The articles and papers in its Research Paper Series serve that tradition by contributing to a deeper understanding of law, legal institutions, and legal theory through faculty research and scholarship. (View full announcement)

Here are the top 5 papers downloaded from the SSRN eLibrary for the week ending July 3, 2009:

1. Governance Matters VIII: Aggregate and Individual Governance Indicators, 1996-2008
by Daniel Kaufmann (Brookings Institution) and Aart Kraay (World Bank - Development Research Group) and Massimo Mastruzzi (World Bank Institute)

2. A Quantitative Approach to Tactical Asset Allocation
by Mebane T. Faber (Cambria Investment Management)

3. Copyfraud
by Jason Mazzone (Brooklyn Law School)

4. Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure
by Michael C. Jensen (Harvard Business School; The Monitor Company; Social Science Electronic Publishing, Inc.) and William H. Meckling (University of Rochester Simon School [deceased])

5. Why We Have Never Used the Black-Scholes-Merton Option Pricing Formula (fifth version)
by Espen Gaarder Haug (affiliation not provided to SSRN) and Nassim Nicholas Taleb (NYU-Poly Institute)

Here is the latest announcement from SSRN:

Massey University College of Business Joins MRN Research Paper Series

We are pleased to announce that Massey University College of Business has started a Business School Research Paper Series within the Management Research Network (MRN).

View Papers: http://http://www.ssrn.com/link/Massey-U-Business.html
Subscribe: http://hq.ssrn.com/jourInvite.cfm?link=Massey-U-Business

Among New Zealand universities, Massey University is unique. Throughout its 80-year history, Massey has played a defining role in the development of New Zealand through its contribution to land-based industries, distinctive mix of internal, distance and international teaching, commitment to innovation, and close links with business and the community. The College of Business at Massey has internationally recognized research expertise in areas as diverse as finance, economics, accountancy, small-medium enterprises, marketing, banking, management, business information systems, ergonomics, communication, public relations, and strategy, to name a few. (View full announcement)

Here are the top 5 papers downloaded from the SSRN eLibrary for the week ending June 26, 2009:

1. Are Stocks Really Less Volatile in the Long Run?
by Lubos Pastor (University of Chicago - Booth School of Business; Centre for Economic Policy Research; National Bureau of Economic Research) and Robert F. Stambaugh (University of Pennsylvania - The Wharton School; National Bureau of Economic Research)

2. Regulating Bankers’ Pay
by Lucian A. Bebchuk (Harvard University - Harvard Law School; National Bureau of Economic Research; European Corporate Governance Institute) and Holger Spamann (Harvard University - Harvard Law School)

3. A Quantitative Approach to Tactical Asset Allocation
by Mebane T. Faber (Cambria Investment Management)

4. Slapped in the Face by the Invisible Hand: Banking and the Panic of 2007
by Gary B. Gorton (Yale School of Management; National Bureau of Economic Research)

5. Case Closed
by Robert A. Haugen (Haugen Custom Financial Systems) and Nardin L. Baker (University of California, Irvine - Paul Merage School of Business)

Here are the top 5 papers downloaded from the SSRN eLibrary for the week ending June 19, 2009:

1. Betas Used by Companies and Professors in Europe: A Survey
by Pablo Fernandez (University of Navarra - IESE Business School) and Vicente J. Bermejo (University of Navarra - IESE Business School)

2. A Quantitative Approach to Tactical Asset Allocation
by Mebane T. Faber (Cambria Investment Management)

3. Case Closed
by Robert A. Haugen (Haugen Custom Financial Systems) and Nardin L. Baker (University of California, Irvine - Paul Merage School of Business)

4. The Black-Litterman Approach: Original Model and Extensions
by Attilio Meucci (Bloomberg ALPHA, Portfolio Analytics and Risk)

5. The Curse of the First-Mover: When Incremental Innovation Leads to Radical Change
by Thierry Rayna (London Metropolitan Business School) and Ludmila Striukova (University College London)