Financial-Market Evidence

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Bias-Corrected Estimation of Price Impact in Securities Litigation,” under peer-review (with Taylor Dove and Davidson Heath).

Worthless Companies,” 24 European Financial Management, 721-727 (2018).

Quantitative Investing and the Limits of (Deep) Learning from Financial Data,” 47 Journal of Financial Transformation, 117-122 (2018).

Why Indexing Works,” Applied Stochastic Models in Business and Industry, 2017, 33(6) (with Nick Polson and Jan Hendrik Witte).

Rejoinder to ‘Deep learning for finance: deep portfolios’” Applied Stochastic Models in Business and Industry 33 (1), 2017, 19-21 (with Nick Polson and Jan Hendrik Witte).

Deep learning for finance: deep portfolios,” Applied Stochastic Models in Business and Industry 33 (1), 2017, 3-12 (with Nick Polson and Jan Hendrik Witte).

Event Studies in Securities Litigation: Low Power, Confounding Effects, and Bias,” 93 Washington University Law Review pp. 583-614 (2015) (with Alon Brav).

Cited by In re Petrobras Sec., 862 F.3d 250, 278 (2d Cir. 2017); Pirnik v. Fiat Chrysler Automobiles, N.V., No. 15-CV-7199 (JMF), 2018 WL 3130596, at *4 (S.D.N.Y. June 26, 2018); Strougo v. Barclays PLC, 312 F.R.D. 307, 322 n.94 (S.D.N.Y. 2016); Carpenters Pension Tr. Fund of St. Louis v. Barclays PLC, 310 F.R.D. 69, 85 n.100 (S.D.N.Y. 2015). Also cited in 10 briefs to the United States Supreme Court as of October 15, 2018.

Overconfidence, CEO Selection, and Corporate Governance,” Journal of Finance, Vol. 66, No. 5, pp. 1725-77 (2011) (with Simon Gervais and Terry Odean).

The Limits of the Limits of Arbitrage,” Review of Finance, 14(1):157-187 (2010) (with Alon Brav and Si Li), runner-up for the 2010 Deutsche Bank Prize in Financial Economics for Best Paper in the Review of Finance.

The Rational-Behavioral Debate in Financial Economics,” Journal of Economic Methodology, 11(4) 2004 (Lead Article) (with Alon Brav and Alexander Rosenberg).

Market Indeterminacy,” The Journal of Corporation Law, Vol. 28, No. 4, pp. 517-539 (2003) (with Alon Brav).

Cited by Teamsters Local 445 Freight Div. Pension Fund v. Bombardier, Inc., No. 05 CIV. 1898 (SAS), 2006 WL 2161887, at *5 n.66 (S.D.N.Y. Aug. 1, 2006), aff’d, 546 F.3d 196 (2d Cir. 2008). Also cited in 9 briefs to the United States Supreme Court as of October 15, 2018.

Managerial Optimism and Corporate Finance,” Financial Management, Vol. 31, pp. 33-45 (Summer 2002); Reprinted in Richard H. Thaler (Ed.), Advances in Behavioral Finance, Volume II (The Roundtable Series in Behavioral Economics), Princeton University Press (2005).

Competing Theories of Financial Anomalies,” The Review of Financial Studies, Vol. 15, No. 2, pp. 475-506 (2002) (with Alon Brav, Duke University). Winner, Barclays Global Investors (BGI) Michael Brennan Award for the best paper published in The Review of Financial Studies.