Non-Standard Errors

Journal of Finance Forthcoming

111 Pages Posted: 23 Nov 2021 Last revised: 6 Jul 2023

See all articles by Albert J. Menkveld

Albert J. Menkveld

Vrije Universiteit Amsterdam

Anna Dreber

Stockholm School of Economics - Department of Economics

Felix Holzmeister

University of Innsbruck - Department of Economics

Juergen Huber

University of Innsbruck

Magnus Johannesson

Stockholm School of Economics - Department of Economics

Michael Kirchler

University of Innsbruck

Michael Razen

University of Innsbruck

Utz Weitzel

VU University Amsterdam

David Abad

Universidad de Alicante

Menachem (Meni) Abudy

Bar-Ilan University - Graduate School of Business Administration

Tobias Adrian

International Monetary Fund

Yacine Ait-Sahalia

Princeton University - Department of Economics

Olivier Akmansoy

CNRS

Jamie Alcock

University of Oxford

Vitali Alexeev

University of Technology Sydney

Arash Aloosh

EMLV Business School Paris

Livia Amato

University of Chicago - Booth School of Business

Diego Amaya

Wilfrid Laurier University

James Angel

Georgetown University - McDonough School of Business

Amadeus Bach

University of Mannheim

Edwin Baidoo

Tennessee Technological University

Gaetan Bakalli

EM Lyon (Ecole de Management de Lyon) - Emlyon Business School

Andrea Barbon

University of St. Gallen; University of St.Gallen

Oksana Bashchenko

Swiss Finance Institute - HEC Lausanne

Parampreet Christopher Bindra

University of Innsbruck

Geir Hoidal Bjonnes

BI Norwegian Business School

Jeff Black

University of Memphis

Bernard S. Black

Northwestern University - Pritzker School of Law

Santiago Bohorquez

Universidad EAFIT

Oleg Bondarenko

University of Illinois at Chicago - Department of Finance

Charles S. Bos

VU University Amsterdam

Ciril Bosch-Rosa

Technische Universität Berlin

Elie Bouri

Lebanese American University

Christian T. Brownlees

Universitat Pompeu Fabra - Faculty of Economic and Business Sciences

Anna Calamia

Toulouse Business School - TBS Education

Viet Nga Cao

Monash University

Gunther Capelle-Blancard

Université Paris I Panthéon-Sorbonne - Centre d'Economie de la Sorbonne (CES); PSB Paris School of Business

Laura Capera

Vrije Universiteit Amsterdam

Massimiliano Caporin

University of Padua - Department of Statistical Sciences

Allen Carrion

University of Memphis - Fogelman College of Business and Economics

Tolga Caskurlu

University of Amsterdam Business School

Bidisha Chakrabarty

Saint Louis University - Richard A. Chaifetz School of Business

Mikhail Chernov

UCLA Anderson

William M. Cheung

Waseda University

Ludwig B. Chincarini

University of San Francisco

Tarun Chordia

Emory University - Department of Finance

Sheung Chi Chow

Australian National University (ANU)

Benjamin Clapham

Goethe University Frankfurt Faculty of Economics and Business Administration

Jean-Edouard Colliard

HEC Paris - Finance Department

Carole Comerton-Forde

University of Melbourne - Department of Finance; Centre for Economic Policy Research (CEPR)

Edward Curran

Macquarie University - Faculty of Business and Economics

Thong Dao

Nottingham Trent University

Wale Dare

University of Liège - HEC Liège

Ryan J. Davies

Babson College - Finance Division

Riccardo De Blasis

Polytechnic University of Marche - Department of Management

Gianluca De Nard

University of Zurich - Department of Economics; New York University - Volatility and Risk Institute

Fany Declerck

Toulouse School of Economics

Oleg Deev

Masaryk University

Hans Degryse

KU Leuven - Faculty of Business and Economics (FEB)

Solomon Deku

Nottingham Trent University - Nottingham Business School

Christophe Desagre

Catholic University of Louvain (UCL) - Louvain Finance (LFIN); ICHEC Brussels Management School

Mathijs A. van Dijk

Erasmus University Rotterdam (EUR)

Chukwuma Dim

George Washington University

Thomas Dimpfl

University of Hohenheim

Yunjiang Dong

Queen's University (Canada), Queen's School of Business; Queen’s University

Philip Drummond

The Brattle Group

Tom L. Dudda

Technische Universität Dresden

Ariadna Dumitrescu

ESADE Business School

Teodor Dyakov

EDHEC Business School

Anne Haubo Dyhrberg

The University of Sydney - Discipline of Finance

Michał Dzieliński

Stockholm Business School, Stockholm University

Asli Eksi

Salisbury University - Perdue School of Business

Izidin El Kalak

Cardiff Business School

Saskia ter Ellen

VU Amsterdam

Nicolas Eugster

University of Queensland - Business School

Martin D.D. Evans

Georgetown University - Department of Economics

Michael Farrell

University of Wisconsin - Milwaukee - Department of Finance

Ester Félez-Viñas

University of Technology Sydney; Digital Finance CRC

Gerardo Ferrara

Bank of England

El Mehdi FERROUHI

Ibn Tofail University

Andrea Flori

Politecnico di Milano

Jonathan Fluharty-Jaidee

Public Company Accounting Oversight Board

Sean Foley

Macquarie University

Kingsley Y. L. Fong

University of New South Wales - School of Banking and Finance

Thierry Foucault

HEC Paris - Finance Department

Tatiana Franus

City University London - Bayes Business School

Francesco A. Franzoni

Universita della Svizzera italiana (USI Lugano); Swiss Finance Institute; Centre for Economic Policy Research (CEPR)

Bart Frijns

Open University of the Netherlands - School of Management

Michael Frömmel

Ghent University - Department of Financial Economics

Servanna Mianjun Fu

University of Essex - Essex Business School

Sascha Füllbrunn

Radboud University Nijmegen - Institute for Management Research

Baoqing Gan

Ardea Investment Management; University of Technology Sydney

Thomas Gehrig

University of Vienna

Dirk Gerritsen

Utrecht University - School of Economics; Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)

Javier Gil-Bazo

Universitat Pompeu Fabra; UPF Barcelona School of Management; Barcelona School of Economics

Lawrence R. Glosten

Columbia University

Thomas Gomez

Utrecht University

Arseny Gorbenko

Monash University - Department of Banking and Finance

Ufuk Güçbilmez

University of Glasgow - Adam Smith Business School

Joachim Grammig

University of Tübingen

Vincent Gregoire

HEC Montreal - Department of Finance

Björn Hagströmer

Stockholm University - Stockholm Business School

Julien Hambuckers

University of Liège - HEC Liège

Erik Hapnes

Aalto University

Jeffrey H. Harris

American University - Department of Finance and Real Estate

Lawrence Harris

University of Southern California - Marshall School of Business - Finance and Business Economics Department

Simon Hartmann

Vienna University of Economics and Business

Jean-Baptiste Hasse

Aix-Marseille University - Aix-Marseille School of Economics

Nikolaus Hautsch

University of Vienna - Department of Statistics and Operations Research

Xuezhong He

Xi'an Jiaotong-Liverpool University (XJTLU)

Davidson Heath

University of Utah - David Eccles School of Business

Simon Hediger

University of Zurich - Department of Economics

Terrence Hendershott

University of California, Berkeley - Haas School of Business

Ann Marie Hibbert

West Virginia University - John Chambers College of Business and Economics, Department of Finance

Erik Hjalmarsson

University of Gothenburg - Centre for Finance

Seth A. Hoelscher

Missouri State University - College of Business

Peter Hoffmann

European Central Bank (ECB)

Craig W. Holden

Indiana University - Kelley School of Business - Department of Finance

Alex R. Horenstein

University of Miami - School of Business Administration - Department of Economics

Wenqian Huang

Bank for International Settlements

Da Huang

Northeastern University - D'Amore-McKim School of Business

Christophe Hurlin

University of Orleans

Alexey Ivashchenko

VU University Amsterdam

Subramanian R. Iyer

University of New Mexico

Hossein Jahanshahloo

Cardiff University

Naji Jalkh

Saint Joseph University

Charles M. Jones

Columbia University

Simon Jurkatis

Bank of England

Petri Jylha

Aalto University

Andreas Kaeck

University of Sussex

Gabriel Kaiser

Universite du Luxembourg

Arzé Karam

Durham University

Egle Karmaziene

VU University Amsterdam; Swedish House of Finance

Bernhard Kassner

Ludwig-Maximilians-Universität München

Markku Kaustia

Aalto University

Ekaterina Kazak

University of Manchester

Fearghal Kearney

Queen's University Belfast - Queen's Management School

Vincent van Kervel

Pontificia Universidad Católica de Chile

Saad Khan

HEC Montreal

Marta Khomyn

University of Adelaide

Tony Klein

Chemnitz University of Technology (CUT) - Department of Economics

Olga Klein

University of Warwick - Warwick Business School; Gillmore Center for Financial Technology

Alexander Klos

University of Kiel - Institute for Quantitative Business and Economics Research (QBER)

Michael Koetter

Halle Institute for Economic Research

Jan Pieter Krahnen

Goethe University Frankfurt

Aleksey Kolokolov

University of Manchester - Manchester Business School

Robert A. Korajczyk

Northwestern University - Kellogg School of Management

Roman Kozhan

University of Warwick - Warwick Business School

Amy Kwan

University of New South Wales (UNSW)

Quentin Lajaunie

Square Research Center; University of Orleans - Laboratoire d'économie d'Orléans

FY Eric Lam

Independent Researcher

Marie Lambert

University of Liège - HEC Liège

Hugues Langlois

HEC Paris - Finance Department

Jens Lausen

Goethe University Frankfurt - Faculty of Economics and Business Administration

Tobias Lauter

Leibniz University Hannover; Macquarie University - Department of Actuarial Studies and Business Analytics

Markus Leippold

University of Zurich; Swiss Finance Institute

Vladimir Levin

Universite du Luxembourg

Yijie Li

S&P Global Ratings

(Michael) Hui Li

La Trobe University

Chee Yoong Liew

UCSI University, Malaysia

Thomas Lindner

Vienna University of Economics and Business

Oliver B. Linton

University of Cambridge

Jiacheng Liu

Purdue University

Anqi Liu

The University of Sydney

Guillermo Llorente

Universidad Autonoma de Madrid

Matthijs Lof

Aalto University

Ariel Lohr

Arizona State University (ASU) - Finance Department

Francis A. Longstaff

University of California, Los Angeles (UCLA) - Finance Area

Alejandro Lopez-Lira

University of Florida - Department of Finance, Insurance and Real Estate

Shawn Mankad

North Carolina State University - Department of Business Management

Nicola Mano

Swiss Finance Institute - USI Lugano

Alexis Marchal

EPFL

Charles Martineau

University of Toronto - Rotman School of Management and UTSC Management

Francesco Mazzola

Erasmus University Rotterdam (EUR)

Debrah Meloso

Toulouse Business School - TBS Education

Roxana Mihet

Swiss Finance Institute - HEC Lausanne

Vijay Mohan

Independent

Sophie Moinas

Universite de Toulouse 1 Capitole

David Moore

Loyola Marymount University

Liangyi Mu

Queen's University Belfast; The University of Manchester

Dmitriy Muravyev

Michigan State University - Department of Finance; Canadian Derivatives Institute

Dermot Murphy

University of Illinois at Chicago

Gabor Neszveda

John von Neumann University - MNB Institute

Christian Neumeier

Macquarie University; Justus Liebig University Giessen

Ulf Nielsson

Copenhagen Business School

Mahendrarajah Nimalendran

University of Florida - Department of Finance, Insurance and Real Estate

Sven Nolte

Radboud University

Lars L. Norden

Stockholm University - Stockholm Business School

Peter O'Neill

UNSW Australia Business School, School of Banking and Finance

Khaled Obaid

California State University-East Bay

Bernt Arne Ødegaard

University of Stavanger

Per Östberg

University of Zurich - Department of Banking and Finance; Swiss Finance Institute

Marcus Painter

Saint Louis University - Department of Finance

Stefan Palan

University of Graz

Imon Palit

Royal Melbourne Institute of Technolog (RMIT University) - Blockchain Innovation Hub

Andreas Park

University of Toronto; University of Toronto - Finance Area

Roberto Pascual

Universidad de las Islas Baleares

Paolo Pasquariello

University of Michigan, Stephen M. Ross School of Business

Lubos Pastor

University of Chicago - Booth School of Business

Vinay Patel

University of Technology Sydney (UTS)

Andrew J. Patton

Duke University - Department of Economics

Neil D. Pearson

University of Illinois at Urbana-Champaign - Department of Finance

Loriana Pelizzon

Goethe University Frankfurt - Faculty of Economics and Business Administration; Leibniz Institute for Financial Research SAFE; Ca Foscari University of Venice - Dipartimento di Economia

Matthias Pelster

University of Duisburg-Essen - Mercator School of Management; european center for financial services (ecfs)

Christophe Pérignon

HEC Paris - Finance Department

Cameron Pfiffer

University of Oregon - Department of Finance

Richard Philip

University of Sydney Business School

Tomáš Plíhal

Masaryk University - Department of finance

Puneet Prakash

Missouri State University

Oliver-Alexander Press

Copenhagen Business School

Tina Prodromou

The University of Wollongong

Tālis J. Putniņš

University of Technology Sydney (UTS); Digital Finance CRC; Stockholm School of Economics, Riga

Gaurav Raizada

Indian Institute of Management, Ahmedabad

David A. Rakowski

University of Texas at Arlington

Angelo Ranaldo

University of St. Gallen; Swiss Finance Institute

Luca Regis

University of Turin; Collegio Carlo Alberto

Stefan Reitz

University of Kiel

Thomas Renault

Université Paris I Panthéon-Sorbonne - Centre d'Economie de la Sorbonne (CES)

Rex Wang Renjie

Vrije Universiteit Amsterdam; Tinbergen Institute

Roberto Renò

ESSEC Business School

Steven Riddiough

University of Toronto

Kalle Rinne

Universite du Luxembourg - Department of Finance

Paul Rintamäki

Aalto University

Ryan Riordan

Queen's University - Smith School of Business; Ludwig-Maximilians-University Munich, Faculty of Business Administration (Munich School of Management)

Thomas Rittmannsberger

University of Innsbruck

Iñaki Rodríguez-Longarela

Stockholm University - Stockholm Business School

Dominik Rösch

State University of New York at Buffalo - School of Management

Lavinia Rognone

University of Edinburgh Business School

Brian Roseman

Oklahoma State University - Department of Finance

Ioanid Rosu

HEC Paris - Finance Department

Saurabh Roy

University of Quebec at Montreal (UQAM) - Faculty of Management (ESG)

Nicolas Rudolf

University of Lausanne

Stephen Rush

Bowling Green State University - Department of Finance; Vietnam National University - Ho Chi Minh City (VNU-HCM) - University of Economics and Law; Liminal Markets

Khaladdin Rzayev

University of Edinburgh; Koc University; Systemic Risk Centre - LSE

Aleksandra Rzeźnik

York University - Schulich School of Business

Anthony Sanford

HEC Montreal - Department of Finance

Harikumar Sankaran

New Mexico State University

Asani Sarkar

Federal Reserve Bank of New York

Lucio Sarno

University of Cambridge - Judge Business School; Centre for Economic Policy Research (CEPR)

O. Scaillet

Swiss Finance Institute - University of Geneva

Stefan Scharnowski

University of Mannheim

Klaus Reiner Schenk-Hoppé

The University of Manchester - Department of Economics

Andrea Schertler

University of Graz

Michael Schneider

Deutsche Bundesbank

Florian Schroeder

Macquarie University

Norman Schuerhoff

Swiss Finance Institute - HEC Lausanne

Philipp Schuster

University of Stuttgart

Marco A. Schwarz

Heinrich Heine University Dusseldorf - Duesseldorf Institute for Competition Economics (DICE)

Mark S. Seasholes

Arizona State University (ASU)

Norman Seeger

VU Amsterdam - School of Business and Economics

Or Shachar

Federal Reserve Bank of New York

Andriy Shkilko

Wilfrid Laurier University - Lazaridis School of Business and Economics

Jessica Shui

Federal Housing Finance Agency

Mario Sikic

University of Zurich

Giorgia Simion

Vienna University of Economics and Business

Lee A. Smales

University of Western Australia

Paul Söderlind

University of St. Gallen

Elvira Sojli

University of New South Wales (UNSW); UNSW Business School

Konstantin Sokolov

University of Memphis - Fogelman College of Business and Economics

Laima Spokeviciute

Cardiff University

Denitsa Stefanova

Universite du Luxembourg

Marti G. Subrahmanyam

New York University (NYU) - Leonard N. Stern School of Business

Sebastian Neusüss

Aalto University

Barnabas Szaszi

Eötvös Loránd University

Oleksandr Talavera

University of Birmingham

Yuehua Tang

University of Florida - Department of Finance

Nicholas Taylor

University of Bristol Business School

Wing Wah Tham

University of New South Wales (UNSW)

Erik Theissen

University of Mannheim - Finance Area

Julian Thimme

Karlsruhe Institute of Technology

Ian Tonks

University of Bristol - Department of Finance and Accounting

Hai Tran

Loyola Marymount University - Department of Finance

Luca Trapin

University of Bologna

Anders B. Trolle

Copenhagen Business School

Giorgio Valente

Hong Kong Institute for Monetary and Financial Research (HKIMR)

Robert A. Van Ness

University of Mississippi - Department of Finance

Aurelio Vasquez

Instituto Tecnológico Autónomo de México (ITAM) - Department of Business Administration

Thanos Verousis

Vlerick Business School

Patrick Verwijmeren

Erasmus University Rotterdam (EUR)

Anders Vilhelmsson

Lund University - Department of Economics

Grigory Vilkov

Frankfurt School of Finance & Management

Vladimir Vladimirov

University of Amsterdam Business School; Centre for Economic Policy Research (CEPR)

Sebastian Vogel

Erasmus University Rotterdam (EUR)

Stefan Voigt

University of Copenhagen; Danish Finance Institute

Wolf Wagner

Erasmus University Rotterdam (EUR)

Thomas Walther

Utrecht University - School of Economics; Dresden University of Technology - Faculty of Economics and Business Management

Patrick Weiss

Reykjavik University

Michel van der Wel

Erasmus University Rotterdam

Ingrid M. Werner

The Ohio State University - Fisher College of Business

P. Joakim Westerholm

University of Sydney Business School

Christian Westheide

University of Vienna - Department of Finance

Evert Wipplinger

Vrije Universiteit Amsterdam, School of Business and Economics

Michael Wolf

University of Zurich - Department of Economics

Christian C. P. Wolff

University of Luxembourg; Centre for Economic Policy Research (CEPR)

Leonard Wolk

VU University Amsterdam

Wing-Keung Wong

Asia University, Department of Finance

Jan Wrampelmeyer

Vrije Universiteit Amsterdam, School of Business and Economics

Shuo Xia

Halle Institute for Economic Research; University of Leipzig - Faculty of Economics and Management Science

Dacheng Xiu

University of Chicago - Booth School of Business

Ke Xu

University of Victoria

Caihong Xu

Stockholm University - Stockholm Business School

Pradeep K. Yadav

University of Oklahoma Price College of Business

José Yagüe

University of Murcia

Cheng Yan

University of Essex - Essex Business School

Antti Yang

Erasmus University Rotterdam

Woongsun Yoo

Central Michigan University

Wenjia Yu

Aalto University

Shihao Yu

Columbia University

Bart Zhou Yueshen

Singapore Management University - Lee Kong Chian School of Business

Darya Yuferova

Norwegian School of Economics (NHH) - Department of Finance

Marcin Zamojski

University of Gothenburg, Centre for Finance

Abalfazl Zareei

Stockholm University

Stefan Zeisberger

Radboud University, Institute for Management Research; University of Zurich, Department of Banking and Finance

S. Sarah Zhang

University of Manchester - Alliance Manchester Business School

Xiaoyu Zhang

Vrije Universiteit Amsterdam (VU Amsterdam)

Zhuo Zhong

University of Melbourne - Department of Finance

Z. Ivy Zhou

University of Wollongong - School of Accounting, Economics & Finance

Chen Zhou

Erasmus University Rotterdam (EUR)

Xingyu Sonya Zhu

Bank for International Settlements (BIS) - Monetary and Economic Department

Marius Zoican

University of Toronto at Mississauga - Department of Management; University of Toronto - Rotman School of Management

Remco C. J. Zwinkels

Vrije Universiteit Amsterdam; Tinbergen Institute

Jian Chen

Queen's University

Teodor Duevski

HEC Paris

Ge Gao

University of Birmingham

Roland Gemayel

King’s College London

Dudley Gilder

Cardiff Business School

Paul Kuhle

Universidad Autonoma de Madrid

Emiliano Pagnotta

Singapore Management University

Michele Pelli

University of Zurich - Department of Finance; Swiss Finance Institute

Jantje Sönksen

University of Tübingen

Lu Zhang

University of Luxembourg

Konrad Ilczuk

affiliation not provided to SSRN

Dimitar Bogoev

EDF Energy, United Kingdom

Ya Qian

Aalto University

Hans C. Wika

Norges Bank

Yihe Yu

State University of New York (SUNY) - Buffalo

Lu Zhao

Southwestern University of Finance and Economics (SWUFE)

Michael Mi

The University of Sydney

Li Bao

University of Toulouse Capitole

Andreea Vaduva

UC3M

Marcel Prokopczuk

Leibniz Universität Hannover - Faculty of Economics and Management; University of Reading - ICMA Centre

Alejandro Avetikian

Pontificia Universidad Católica de Chile

Zhen-Xing Wu

Zhongnan University of Economics and Law - School of Finance

Multiple version iconThere are 3 versions of this paper

Date Written: May 31, 2023

Abstract

In statistics, samples are drawn from a population in a data-generating process (DGP). Standard errors measure the uncertainty in estimates of population parameters. In science, evidence is generated to test hypotheses in an evidence-generating process (EGP). We claim that EGP variation across researchers adds uncertainty: Non-standard errors (NSEs). We study NSEs by letting 164 teams test the same hypotheses on the same data. NSEs turn out to be sizable, but smaller for better reproducible or higher rated research. Adding peer-review stages reduces NSEs. We further find that this type of uncertainty is underestimated by participants.

Keywords: non-standard errors, multi-analyst approach, liquidity

JEL Classification: C12, C18, G1, G14

Suggested Citation

Menkveld, Albert J. and Dreber, Anna and Holzmeister, Felix and Huber, Juergen and Johanneson, Magnus and Kirchler, Michael and Razen, Michael and Weitzel, Utz and Abad, David and Abudy, Menachem (Meni) and Adrian, Tobias and Ait-Sahalia, Yacine and Akmansoy, Olivier and Alcock, Jamie and Alexeev, Vitali and Aloosh, Arash and Amato, Livia and Amaya, Diego and Angel, James J. and Bach, Amadeus and Baidoo, Edwin and Bakalli, Gaetan and Barbon, Andrea and Bashchenko, Oksana and Bindra, Parampreet Christopher and Bjonnes, Geir Hoidal and Black, Jeffrey R. and Black, Bernard S. and Bohorquez, Santiago and Bondarenko, Oleg and Bos, Charles S. and Bosch-Rosa, Ciril and Bouri, Elie and Brownlees, Christian T. and Calamia, Anna and Cao, Viet Nga and Capelle-Blancard, Gunther and Capera, Laura and Caporin, Massimiliano and Carrion, Allen and Caskurlu, Tolga and Chakrabarty, Bidisha and Chernov, Mikhail and Cheung, William Ming Yan and Chincarini, Ludwig B. and Chordia, Tarun and Chow, Sheung Chi and Clapham, Benjamin and Colliard, Jean-Edouard and Comerton-Forde, Carole and Curran, Edward and Dao, Thong and Dare, Wale and Davies, Ryan J. and De Blasis, Riccardo and De Nard, Gianluca and Declerck, Fany and Deev, Oleg and Degryse, Hans and Deku, Solomon and Desagre, Christophe and van Dijk, Mathijs A. and Dim, Chukwuma and Dimpfl, Thomas and Dong, Yun Jiang and Drummond, Philip and Dudda, Tom L. and Dumitrescu, Ariadna and Dyakov, Teodor and Dyhrberg, Anne Haubo and Dzieliński, Michał and Eksi, Asli and El Kalak, Izidin and ter Ellen, Saskia and Eugster, Nicolas and Evans, Martin D.D. and Farrell, Michael and Félez-Viñas, Ester and Ferrara, Gerardo and FERROUHI, El Mehdi and Flori, Andrea and Fluharty-Jaidee, Jonathan and Foley, Sean and Fong, Kingsley Y. L. and Foucault, Thierry and Franus, Tatiana and Franzoni, Francesco A. and Frijns, Bart and Frömmel, Michael and Fu, Servanna Mianjun and Füllbrunn, Sascha and Gan, Baoqing and Gehrig, Thomas and Gerritsen, Dirk and Gil-Bazo, Javier and Glosten, Lawrence R. and Gomez, Thomas and Gorbenko, Arseny and Güçbilmez, Ufuk and Grammig, Joachim and Gregoire, Vincent and Hagströmer, Björn and Hambuckers, Julien and Hapnes, Erik and Harris, Jeffrey H. and Harris, Lawrence and Hartmann, Simon and Hasse, Jean-Baptiste and Hautsch, Nikolaus and He, Xue-Zhong 'Tony' and Heath, Davidson and Hediger, Simon and Hendershott, Terrence J. and Hibbert, Ann Marie and Hjalmarsson, Erik and Hoelscher, Seth and Hoffmann, Peter and Holden, Craig W. and Horenstein, Alex R. and Huang, Wenqian and Huang, Da and Hurlin, Christophe and Ivashchenko, Alexey and Iyer, Subramanian R. and Jahanshahloo, Hossein and Jalkh, Naji and Jones, Charles M. and Jurkatis, Simon and Jylha, Petri and Kaeck, Andreas and Kaiser, Gabriel and Karam, Arzé and Karmaziene, Egle and Kassner, Bernhard and Kaustia, Markku and Kazak, Ekaterina and Kearney, Fearghal and van Kervel, Vincent and Khan, Saad and Khomyn, Marta and Klein, Tony and Klein, Olga and Klos, Alexander and Koetter, Michael and Krahnen, Jan Pieter and Kolokolov, Aleksey and Korajczyk, Robert A. and Kozhan, Roman and Kwan, Amy and Lajaunie, Quentin and Lam, Full Yet Eric Campbell and Lambert, Marie and Langlois, Hugues and Lausen, Jens and Lauter, Tobias and Leippold, Markus and Levin, Vladimir and Li, Yijie and Li, (Michael) Hui and Liew, Chee Yoong and Lindner, Thomas and Linton, Oliver B. and Liu, Jiacheng and Liu, Anqi and Llorente-Alvarez, Jesus-Guillermo and Lof, Matthijs and Lohr, Ariel and Longstaff, Francis A. and Lopez-Lira, Alejandro and Mankad, Shawn and Mano, Nicola and Marchal, Alexis and Martineau, Charles and Mazzola, Francesco and Meloso, Debrah C and Mihet, Roxana and Mohan, Vijay and Moinas, Sophie and Moore, David and Mu, Liangyi and Muravyev, Dmitriy and Murphy, Dermot and Neszveda, Gabor and Neumeier, Christian and Nielsson, Ulf and Nimalendran, Mahendrarajah and Nolte, Sven and Nordén, Lars L. and O'Neill, Peter and Obaid, Khaled and Ødegaard, Bernt Arne and Östberg, Per and Painter, Marcus and Palan, Stefan and Palit, Imon and Park, Andreas and Pascual Gascó, Roberto and Pasquariello, Paolo and Pastor, Lubos and Patel, Vinay and Patton, Andrew J. and Pearson, Neil D. and Pelizzon, Loriana and Pelster, Matthias and Pérignon, Christophe and Pfiffer, Cameron and Philip, Richard and Plíhal, Tomáš and Prakash, Puneet and Press, Oliver-Alexander and Prodromou, Tina and Putnins, Talis J. and Raizada, Gaurav and Rakowski, David A. and Ranaldo, Angelo and Regis, Luca and Reitz, Stefan and Renault, Thomas and Wang, Renjie and Renò, Roberto and Riddiough, Steven and Rinne, Kalle and Rintamäki, Paul and Riordan, Ryan and Rittmannsberger, Thomas and Rodríguez Longarela, Iñaki and Rösch, Dominik and Rognone, Lavinia and Roseman, Brian and Rosu, Ioanid and Roy, Saurabh and Rudolf, Nicolas and Rush, Stephen and Rzayev, Khaladdin and Rzeźnik, Aleksandra and Sanford, Anthony and Sankaran, Harikumar and Sarkar, Asani and Sarno, Lucio and Scaillet, Olivier and Scharnowski, Stefan and Schenk-Hoppé, Klaus Reiner and Schertler, Andrea and Schneider, Michael and Schroeder, Florian and Schuerhoff, Norman and Schuster, Philipp and Schwarz, Marco A. and Seasholes, Mark S. and Seeger, Norman and Shachar, Or and Shkilko, Andriy and Shui, Jessica and Sikic, Mario and Simion, Giorgia and Smales, Lee A. and Söderlind, Paul and Sojli, Elvira and Sokolov, Konstantin and Spokeviciute, Laima and Stefanova, Denitsa and Subrahmanyam, Marti G. and Neusüss, Sebastian and Szaszi, Barnabas and Talavera, Oleksandr and Tang, Yuehua and Taylor, Nicholas and Tham, Wing Wah and Theissen, Erik and Thimme, Julian and Tonks, Ian and Tran, Hai and Trapin, Luca and Trolle, Anders B. and Valente, Giorgio and Van Ness, Robert A. and Vasquez, Aurelio and Verousis, Thanos and Verwijmeren, Patrick and Vilhelmsson, Anders and Vilkov, Grigory and Vladimirov, Vladimir and Vogel, Sebastian and Voigt, Stefan and Wagner, Wolf and Walther, Thomas and Weiss, Patrick and van der Wel, Michel and Werner, Ingrid M. and Westerholm, P. Joakim and Westheide, Christian and Wipplinger, Evert and Wolf, Michael and Wolff, Christian C. P. and Wolk, Leonard and Wong, Wing-Keung and Wrampelmeyer, Jan and Xia, Shuo and Xiu, Dacheng and Xu, Ke and Xu, Caihong and Yadav, Pradeep K. and Yagüe, José and Yan, Cheng and Yang, Antti and Yoo, Woongsun and Yu, Wenjia and Yu, Shihao and Yueshen, Bart Zhou and Yuferova, Darya and Zamojski, Marcin and Zareei, Abalfazl and Zeisberger, Stefan and Zhang, Sarah and Zhang, Xiaoyu and Zhong, Zhuo and Zhou, Z. Ivy and Zhou, Chen and Zhu, Xingyu Sonya and Zoican, Marius and Zwinkels, Remco C.J. and Chen, Jian and Duevski, Teodor and Gao, Ge and Gemayel, Roland and Gilder, Dudley and Kuhle, Paul and Pagnotta, Emiliano and Pelli, Michele and Sönksen, Jantje and Zhang, Lu and Ilczuk, Konrad and Bogoev, Dimitar and Qian, Ya and Wika, Hans C. and Yu, Yihe and Zhao, Lu and Mi, Michael and Bao, Li and Vaduva, Andreea and Prokopczuk, Marcel and Avetikian, Alejandro and Wu, Zhen-Xing, Non-Standard Errors (May 31, 2023). Journal of Finance Forthcoming, Available at SSRN: https://ssrn.com/abstract=3961574 or http://dx.doi.org/10.2139/ssrn.3961574

Albert J. Menkveld (Contact Author)

Vrije Universiteit Amsterdam ( email )

De Boelelaan 1105
Amsterdam, 1081HV
Netherlands
+31 20 5986130 (Phone)
+31 20 5986020 (Fax)

Anna Dreber

Stockholm School of Economics - Department of Economics ( email )

P.O. Box 6501
Sveavagen 65
S-113 83 Stockholm
Sweden

Felix Holzmeister

University of Innsbruck - Department of Economics ( email )

Universitaetsstrasse 15
Innsbruck, 6020
Austria

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Juergen Huber

University of Innsbruck ( email )

Universitätsstraße 15
Innsbruck, Innsbruck 6020
Austria

Magnus Johanneson

Stockholm School of Economics - Department of Economics ( email )

P.O. Box 6501
Sveavagen 65
S-113 83 Stockholm
Sweden
+46 8 736 9443 (Phone)

HOME PAGE: http://www.hhs.se/Faculty/showperson.htm?personid=198

Michael Kirchler

University of Innsbruck ( email )

Universitätsstraße 15
Innsbruck, Innsbruck 6020
Austria

Michael Razen

University of Innsbruck ( email )

Innsbruck
Austria

Utz Weitzel

VU University Amsterdam ( email )

De Boelelaan 1105
Amsterdam
Netherlands

David Abad

Universidad de Alicante ( email )

Campus de San Vicente
Carretera San Vicente del Raspeig
San Vicente del Raspeig, 03690
Spain

Menachem (Meni) Abudy

Bar-Ilan University - Graduate School of Business Administration ( email )

Ramat Gan
Israel

Tobias Adrian

International Monetary Fund ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

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Yacine Ait-Sahalia

Princeton University - Department of Economics ( email )

Fisher Hall
Princeton, NJ 08544
United States
609-258-4015 (Phone)
609-258-5398 (Fax)

Olivier Akmansoy

CNRS ( email )

France

Jamie Alcock

University of Oxford ( email )

Mansfield Road
Oxford, Oxfordshire OX1 4AU
United Kingdom

Vitali Alexeev

University of Technology Sydney ( email )

UTS Business School
PO Box 123, Broadway
Sydney, NSW
Australia

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Arash Aloosh

EMLV Business School Paris ( email )

12 Av. Léonard de Vinci
Paris, La Défense 92400
France

Livia Amato

University of Chicago - Booth School of Business ( email )

5807 S Woodlawn Ave
Chicago, IL 60637
United States

Diego Amaya

Wilfrid Laurier University ( email )

Waterloo, Ontario N2L 3C5
Canada

James J. Angel

Georgetown University - McDonough School of Business ( email )

3700 O Street, NW
Washington, DC 20057
United States

Amadeus Bach

University of Mannheim ( email )

Universitaetsbibliothek Mannheim
Zeitschriftenabteilung
Mannheim, 68131
Germany

Edwin Baidoo

Tennessee Technological University ( email )

446 Freeze St.
Cookeville, TN 38501
United States

Gaetan Bakalli

EM Lyon (Ecole de Management de Lyon) - Emlyon Business School ( email )

23 Avenue Guy de Collongue
Écully, 69130
France

Andrea Barbon

University of St. Gallen ( email )

Bodanstrasse 8
SIAW-HSG
St.Gallen, 9000
Switzerland

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University of St.Gallen ( email )

c/o University of Geneva
40, Bd du Pont-d'Arve
CH-1211 Geneva 4
Switzerland

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Oksana Bashchenko

Swiss Finance Institute - HEC Lausanne ( email )

Chavannes-près-Renens
Switzerland

Parampreet Christopher Bindra

University of Innsbruck ( email )

Universitätsstraße 15
Innsbruck, Innsbruck 6020
Austria

Geir Hoidal Bjonnes

BI Norwegian Business School ( email )

Nydalsveien 37
Oslo, 0484
Norway
+47 46410502 (Phone)

HOME PAGE: http://www.bi.no/BI/AcademicProfile____37601.aspx?ansattid=/fgl96014

Jeffrey R. Black

University of Memphis ( email )

United States

Bernard S. Black

Northwestern University - Pritzker School of Law ( email )

375 E. Chicago Ave
Chicago, IL 60611
United States
312-503-2784 (Phone)

Santiago Bohorquez

Universidad EAFIT ( email )

Carrera 49 N° 7 sur – 50
Bogotá, Antioquia 00000
Colombia

Oleg Bondarenko

University of Illinois at Chicago - Department of Finance ( email )

2431 University Hall (UH)
601 S. Morgan Street
Chicago, IL 60607-7124
United States
(312) 996-2362 (Phone)
(312) 413-7948 (Fax)

Charles S. Bos

VU University Amsterdam ( email )

De Boelelaan 1105
1081 HV Amsterdam
Netherlands

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Ciril Bosch-Rosa

Technische Universität Berlin ( email )

Straße des 17. Juni 135,
Fakultat VII, Sekretariat H52
Berlin, 10623
Germany

Elie Bouri

Lebanese American University ( email )

P.O.Box 36
Chouran-Beirut 1102 2801
Byblos
Lebanon

Christian T. Brownlees

Universitat Pompeu Fabra - Faculty of Economic and Business Sciences ( email )

Ramon Trias Fargas 25-27
Barcelona, 08005
Spain

HOME PAGE: http://econ.upf.edu/~cbrownlees/

Anna Calamia

Toulouse Business School - TBS Education ( email )

Toulouse
France

Viet Nga Cao

Monash University ( email )

23 Innovation Walk
Wellington Road
Clayton, Victoria 3800
Australia

Gunther Capelle-Blancard

Université Paris I Panthéon-Sorbonne - Centre d'Economie de la Sorbonne (CES) ( email )

106-112 Boulevard de l'hopital
106-112 Boulevard de l'Hôpital
Paris Cedex 13, 75647
France

PSB Paris School of Business ( email )

59 rue Nationale
Paris, 75013
France

Laura Capera

Vrije Universiteit Amsterdam ( email )

De Boelelaan 1105
NL-1081HV Amsterdam
Netherlands

Massimiliano Caporin

University of Padua - Department of Statistical Sciences ( email )

Via Battisti, 241
Padova, 35121
Italy

Allen Carrion

University of Memphis - Fogelman College of Business and Economics ( email )

Memphis, TN 38152
United States

Tolga Caskurlu

University of Amsterdam Business School ( email )

Roetersstraat 18
Amsterdam, 1018WB
Netherlands

Bidisha Chakrabarty

Saint Louis University - Richard A. Chaifetz School of Business ( email )

3674 Lindell Blvd
St. Louis, MO MO 63108-3397
United States
3149773607 (Phone)
3149771479 (Fax)

HOME PAGE: http://business.slu.edu/departments/finance/faculty-staff/bidisha-chakrabarty

Mikhail Chernov

UCLA Anderson ( email )

110 Westwood Plaza
Los Angeles, CA 90095-1481
United States

William Ming Yan Cheung

Waseda University ( email )

1-6-1 Nishi-Waseda, Shinjuku-ku
1-6-1 Nishi-Waseda, Shinjuku-ku
Tokyo, Tokyo 169-8050
Japan

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Ludwig B. Chincarini

University of San Francisco ( email )

2130 Fulton Street
San Francisco, CA 94117
United States

Tarun Chordia

Emory University - Department of Finance ( email )

Atlanta, GA 30322-2710
United States
404-727-1620 (Phone)
404-727-5238 (Fax)

Sheung Chi Chow

Australian National University (ANU) ( email )

Canberra, Australian Capital Territory 2601
Australia

Benjamin Clapham

Goethe University Frankfurt Faculty of Economics and Business Administration ( email )

Theodor-W.-Adorno-Platz 4
Frankfurt am Main, 60323
Germany

Jean-Edouard Colliard

HEC Paris - Finance Department ( email )

France

Carole Comerton-Forde

University of Melbourne - Department of Finance ( email )

198 Berkeley Street
Carlton VIC 3010
Australia

Centre for Economic Policy Research (CEPR) ( email )

London
United Kingdom

Edward Curran

Macquarie University - Faculty of Business and Economics ( email )

Sydney, New South Wales 2109
Australia

Thong Dao

Nottingham Trent University ( email )

Nottingham, NG1 4QF
United Kingdom

Wale Dare

University of Liège - HEC Liège ( email )

rue Louvrex 14
Liège, 4000
Belgium

Ryan J. Davies

Babson College - Finance Division ( email )

220 Tomasso Hall
Babson Park, MA 02457-0310
United States
781-239-5345 (Phone)
781-239-5004 (Fax)

HOME PAGE: http://www.ryanjdavies.net

Riccardo De Blasis

Polytechnic University of Marche - Department of Management ( email )

P.zza Roma 22
Ancona, 60121
Italy

Gianluca De Nard

University of Zurich - Department of Economics ( email )

Zürichbergstrasse 14
Zürich, Zurich 8032
Switzerland

New York University - Volatility and Risk Institute ( email )

Department of Finance
New York, NY
United States

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Fany Declerck

Toulouse School of Economics ( email )

21 allée de Brienne
Toulouse Cedex 6, 31015
France

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Oleg Deev

Masaryk University ( email )

Zerotinovo nam. 9
60177 Brno, 603 00
Czech Republic

Hans Degryse

KU Leuven - Faculty of Business and Economics (FEB) ( email )

Naamsestraat 69
Leuven, B-3000
Belgium

Solomon Deku

Nottingham Trent University - Nottingham Business School ( email )

Nottingham
United Kingdom

Christophe Desagre

Catholic University of Louvain (UCL) - Louvain Finance (LFIN) ( email )

Chaussée de Binche, 151
Mons, 7000
Belgium

ICHEC Brussels Management School ( email )

Rue au Bois 365
Brussels, 1150
Belgium

Mathijs A. Van Dijk

Erasmus University Rotterdam (EUR) ( email )

Burgemeester Oudlaan 50
3000 DR Rotterdam, Zuid-Holland 3062PA
Netherlands

Chukwuma Dim

George Washington University ( email )

2121 I Street NW
Washington, DC 20052
United States

Thomas Dimpfl

University of Hohenheim ( email )

Germany

Yun Jiang Dong

Queen's University (Canada), Queen's School of Business ( email )

143 Union Street
Kingston, Ontario
Canada

Queen’s University ( email )

99 University Ave
Kingston, Ontario K7L 3N6
Canada

Philip Drummond

The Brattle Group ( email )

44 Brattle Street
3rd Floor
Cambridge, MA 02138-3736
United States

Tom L. Dudda

Technische Universität Dresden ( email )

Helmholtzstr. 10
Dresden, 01069
Germany

Ariadna Dumitrescu

ESADE Business School ( email )

Av. Pedralbes 60-62
Barcelona, 08034
Spain

Teodor Dyakov

EDHEC Business School ( email )

393 Promenade des anglais
Nice, 06202
France

HOME PAGE: http://www.teodordyakov.work

Anne Haubo Dyhrberg

The University of Sydney - Discipline of Finance ( email )

P.O. Box H58
Sydney, NSW 2006
Australia

Michał Dzieliński

Stockholm Business School, Stockholm University ( email )

Kräftriket 7
Stockholm, 106 91
Sweden

HOME PAGE: http://www.sbs.su.se/en/

Asli Eksi

Salisbury University - Perdue School of Business ( email )

1101 Camden Avenue
Salisbury, MD 21801
United States

Izidin El Kalak

Cardiff Business School ( email )

Aberconway Building
Colum Drive
Cardiff, CF10 3EU
United Kingdom

Saskia Ter Ellen

VU Amsterdam ( email )

Netherlands

Nicolas Eugster

University of Queensland - Business School ( email )

Brisbane, Queensland 4072
Australia

Martin D.D. Evans

Georgetown University - Department of Economics ( email )

Washington, DC 20057
United States
202-687-1570 (Phone)
202-687-6102 (Fax)

Michael Farrell

University of Wisconsin - Milwaukee - Department of Finance ( email )

Milwaukee, WI 53201-0742
United States

Ester Félez-Viñas

University of Technology Sydney ( email )

15 Broadway, Ultimo
PO Box 123
Sydney, NSW 2007
Australia

Digital Finance CRC ( email )

Gerardo Ferrara

Bank of England ( email )

Threadneedle Street
London, EC2R 8AH
United Kingdom

El Mehdi FERROUHI

Ibn Tofail University ( email )

Communication & Cultural Studies
Morocco

Andrea Flori

Politecnico di Milano ( email )

via Lambruschini 4/B
Milano, Italy 20156
Italy

Jonathan Fluharty-Jaidee

Public Company Accounting Oversight Board ( email )

Sean Foley

Macquarie University ( email )

North Ryde
Sydney, New South Wales 2109
Australia
0417702600 (Phone)

Kingsley Y. L. Fong

University of New South Wales - School of Banking and Finance ( email )

UNSW Business School
High St
Sydney, NSW 2052
Australia

Thierry Foucault

HEC Paris - Finance Department ( email )

1 rue de la Liberation
Jouy-en-Josas Cedex, 78351
France
(33)139679569 (Phone)
(33)139677085 (Fax)

HOME PAGE: http://thierryfoucault.com/

Tatiana Franus

City University London - Bayes Business School ( email )

United Kingdom

Francesco A. Franzoni

Universita della Svizzera italiana (USI Lugano) ( email )

Swiss Finance Institute ( email )

c/o University of Geneva
40, Bd du Pont-d'Arve
CH-1211 Geneva 4
Switzerland

Centre for Economic Policy Research (CEPR) ( email )

London
United Kingdom

Bart Frijns

Open University of the Netherlands - School of Management ( email )

Valkenburgerweg 177
Heerlen, NL-6401DL
Netherlands

Michael Frömmel

Ghent University - Department of Financial Economics ( email )

Sint-Pietersplein 5
Ghent, 9000
Belgium

Servanna Mianjun Fu

University of Essex - Essex Business School ( email )

Wivenhoe Park
Colchester, CO4 3SQ
United Kingdom

Sascha Füllbrunn

Radboud University Nijmegen - Institute for Management Research ( email )

Heyendaalseweg 141
Nijmegen, 6525 AJ
Netherlands

HOME PAGE: http://www.ru.nl/english/people/fullbrunn-s/

Baoqing Gan

Ardea Investment Management ( email )

2/5 Martin Place
Sydney, NSW, 2000
Australia

University of Technology Sydney ( email )

14-28 Ultimo Rd, UTS Business School,
Ultimo, NSW
Sydney, NSW 2007
Australia
2217 (Fax)

Thomas Gehrig

University of Vienna ( email )

Oskar-Morgenstern-Platz 1
Vienna, A-1090
Austria

Dirk Gerritsen

Utrecht University - School of Economics ( email )

Kriekenpitplein 21-22
Adam Smith Building
Utrecht, +31 30 253 7373 3584 EC
Netherlands

Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)

P.O. Box 1738
3000 DR Rotterdam, NL 3062 PA
Netherlands

Javier Gil-Bazo

Universitat Pompeu Fabra ( email )

Ramon Trias Fargas, 25-27
Barcelona, 08005
Spain

UPF Barcelona School of Management ( email )

Carrer de Balmes, 132, 134
Barcelona, 08008
Spain

Barcelona School of Economics ( email )

Ramon Trias Fargas, 25-27
Barcelona, Barcelona 08005
Spain

Lawrence R. Glosten

Columbia University ( email )

3022 Broadway
New York, NY 10027
United States

Thomas Gomez

Utrecht University ( email )

Vredenburg 138
Utrecht, 3511 BG
Netherlands

Arseny Gorbenko

Monash University - Department of Banking and Finance ( email )

900 Dandenong Road
Caulfield East
Melbourne, Victoria 3145
Australia

Ufuk Güçbilmez

University of Glasgow - Adam Smith Business School ( email )

Glasgow, Scotland
United Kingdom

Joachim Grammig

University of Tübingen ( email )

Mohlstrasse 36
72074 Tübingen, Baden Wuerttemberg 72074
Germany

Vincent Gregoire

HEC Montreal - Department of Finance ( email )

3000 Chemin de la Cote-Sainte-Catherine
Montreal, Quebec H3T 2A7
Canada

Björn Hagströmer

Stockholm University - Stockholm Business School ( email )

Stockholm
Sweden

Julien Hambuckers

University of Liège - HEC Liège ( email )

rue Louvrex 14
Liège, 4000
Belgium

Erik Hapnes

Aalto University ( email )

P.O. Box 21210
Helsinki, 00101
Finland

Jeffrey H. Harris

American University - Department of Finance and Real Estate ( email )

Kogod School of Business
4400 Massachusetts Ave., N.W.
Washington, DC 20016-8044
United States
202-885-6669 (Phone)

Lawrence Harris

University of Southern California - Marshall School of Business - Finance and Business Economics Department ( email )

Marshall School of Business
Los Angeles, CA 90089
United States
213-740-6496 (Phone)
213-740-6650 (Fax)

Simon Hartmann

Vienna University of Economics and Business ( email )

Welthandelsplatz 1
Vienna, Wien 1020
Austria

Jean-Baptiste Hasse

Aix-Marseille University - Aix-Marseille School of Economics ( email )

2 rue de la Charité
Marseille, 13236
France

Nikolaus Hautsch

University of Vienna - Department of Statistics and Operations Research ( email )

Kolingasse 14
Vienna, A-1090
Austria

Xue-Zhong 'Tony' He

Xi'an Jiaotong-Liverpool University (XJTLU) ( email )

111 Renai Road, SIP
, Lake Science and Education Innovation District
Suzhou, JiangSu province 215123
China

Davidson Heath

University of Utah - David Eccles School of Business ( email )

1645 E Campus Center Dr
Salt Lake City, UT 84112-9303
United States

Simon Hediger

University of Zurich - Department of Economics ( email )

Zürichbergstrasse 14
Zurich
Switzerland

Terrence J. Hendershott

University of California, Berkeley - Haas School of Business ( email )

545 Student Services Building, #1900
2220 Piedmont Avenue
Berkeley, CA 94720
United States

Ann Marie Hibbert

West Virginia University - John Chambers College of Business and Economics, Department of Finance ( email )

Morgantown, WV 26506
United States

Erik Hjalmarsson

University of Gothenburg - Centre for Finance ( email )

Box 640
Gothenburg, 403 50
Sweden

Seth Hoelscher

Missouri State University - College of Business ( email )

United States

Peter Hoffmann

European Central Bank (ECB) ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

Craig W. Holden

Indiana University - Kelley School of Business - Department of Finance ( email )

Kelley School of Business
1309 E. 10th St.
Bloomington, IN 47405
United States
812-855-3383 (Phone)
812-855-5875 (Fax)

HOME PAGE: http://www.kelley.iu.edu/cholden

Alex R. Horenstein

University of Miami - School of Business Administration - Department of Economics ( email )

P.O. Box 248126
Coral Gables, FL 33124-6550
United States

Wenqian Huang

Bank for International Settlements ( email )

Centralbahnplatz 2
Basel, Basel-Stadt 4002
Switzerland

HOME PAGE: http://wenqianhuang.org

Da Huang

Northeastern University - D'Amore-McKim School of Business ( email )

Northeastern University
413B Hayden
Boston, MA 02215
United States

HOME PAGE: http://dahuang-finance.github.io

Christophe Hurlin

University of Orleans ( email )

Université d'Orléans
Rue de Blois B.P. 6739 45
France

Alexey Ivashchenko

VU University Amsterdam ( email )

De Boelelaan 1105
Amsterdam, 1081HV
Netherlands

HOME PAGE: http://ivasche.com

Subramanian R. Iyer

University of New Mexico ( email )

MSC 05-3090
U of New Mexico
Albuquerque, NM 87131
United States

Hossein Jahanshahloo

Cardiff University ( email )

Aberconway Building
Colum Drive
Cardiff, Wales CF10 3EU
United Kingdom

Naji Jalkh

Saint Joseph University ( email )

Damascus st.
Huvelin st.
Beirut
Lebanon
+9611421000 (Phone)

Charles M. Jones

Columbia University ( email )

3022 Broadway
New York, NY 10027
United States

Simon Jurkatis

Bank of England ( email )

Threadneedle Street
London, EC2R 8AH
United Kingdom

Petri Jylha

Aalto University ( email )

P.O. Box 21220
Aalto, 00076
Finland

Andreas Kaeck

University of Sussex ( email )

Sussex House
Falmer
Brighton, Sussex BNI 9RH
United Kingdom

Gabriel Kaiser

Universite du Luxembourg ( email )

L-1511 Luxembourg
Luxembourg

Arzé Karam

Durham University ( email )

Old Elvet
Mill Hill Lane
Durham, Durham DH1 3HP
United Kingdom

Egle Karmaziene

VU University Amsterdam ( email )

De Boelelaan 1105
Amsterdam, 1081HV
Netherlands

Swedish House of Finance ( email )

Drottninggatan 98
Stockholm, 111 60
Sweden

Bernhard Kassner

Ludwig-Maximilians-Universität München ( email )

Markku Kaustia

Aalto University ( email )

P.O. Box 21210
Helsinki, 00101
Finland

Ekaterina Kazak

University of Manchester ( email )

Arthur Lewis Building
Oxford Road
Manchester, M13 9PL
United Kingdom

Fearghal Kearney

Queen's University Belfast - Queen's Management School ( email )

Riddel Hall
185 Stranmillis Road
Belfast, BT9 5EE
United Kingdom

Vincent Van Kervel

Pontificia Universidad Católica de Chile ( email )

Av Libertador General Bernardo O'Higgins 340
Santiago, Región Metropolitana 8331150
Chile

Saad Khan

HEC Montreal ( email )

3000, Chemin de la Côte-Sainte-Catherine
Montreal, Quebec H2X 2L3
Canada

HOME PAGE: http://saadalikhan.com

Marta Khomyn

University of Adelaide ( email )

University of Adelaide Bdg 10 Pulteney St, Level 9
Adelaide, 5000
Australia
0481314349 (Phone)

Tony Klein

Chemnitz University of Technology (CUT) - Department of Economics ( email )

Chemnitz
Germany

Olga Klein

University of Warwick - Warwick Business School ( email )

Coventry CV4 7AL
United Kingdom

Gillmore Center for Financial Technology ( email )

Warwick Business School
University of Warwick
Coventry, CV4 7AL
United Kingdom

Alexander Klos

University of Kiel - Institute for Quantitative Business and Economics Research (QBER) ( email )

Heinrich-Hecht-Platz 9
Kiel, 24118
Germany

HOME PAGE: http://www.qber.uni-kiel.de/

Michael Koetter

Halle Institute for Economic Research ( email )

P.O. Box 11 03 61
Kleine Maerkerstrasse 8
D-06017 Halle, 06108
Germany

Jan Pieter Krahnen

Goethe University Frankfurt ( email )

Grüneburgplatz 1
Frankfurt am Main, 60323
Germany

Aleksey Kolokolov

University of Manchester - Manchester Business School ( email )

Booth Street West
Manchester, M15 6PB
United Kingdom

Robert A. Korajczyk

Northwestern University - Kellogg School of Management ( email )

2211 Campus Drive, Room 4357
Evanston, IL 60208-0898
United States
847-491-8336 (Phone)
847-491-7781 (Fax)

HOME PAGE: http://www.kellogg.northwestern.edu/faculty/directory/korajczyk_robert.aspx#research

Roman Kozhan

University of Warwick - Warwick Business School ( email )

Coventry CV4 7AL
United Kingdom

Amy Kwan

University of New South Wales (UNSW) ( email )

Kensington
High St
Sydney, NSW 2052
Australia

Quentin Lajaunie

Square Research Center ( email )

Neuilly

University of Orleans - Laboratoire d'économie d'Orléans ( email )

Rue de Blois BP6739
Rue de Blois
Orléans cedex 2, Centre 45067
France

Full Yet Eric Campbell Lam

Independent Researcher ( email )

Marie Lambert

University of Liège - HEC Liège ( email )

rue Louvrex 14
Liège, 4000
Belgium

Hugues Langlois

HEC Paris - Finance Department ( email )

France

Jens Lausen

Goethe University Frankfurt - Faculty of Economics and Business Administration ( email )

Theodor-W.-Adorno-Platz 4
Frankfurt am Main, D-60323
Germany

Tobias Lauter

Leibniz University Hannover ( email )

Königsworther Platz 1
Hannover, 30167
Germany

Macquarie University - Department of Actuarial Studies and Business Analytics ( email )

Australia

Markus Leippold

University of Zurich ( email )

Rämistrasse 71
Zürich, CH-8006
Switzerland

Swiss Finance Institute ( email )

c/o University of Geneva
40, Bd du Pont-d'Arve
CH-1211 Geneva 4
Switzerland

Vladimir Levin

Universite du Luxembourg ( email )

6,Rue Richard Coudenhove-Kalergi
L-1359 Luxembourg
Luxembourg
+352 466644-5826 (Phone)

HOME PAGE: http://www.vladimirlevin.com

Yijie Li

S&P Global Ratings ( email )

New York, NY
United States

(Michael) Hui Li

La Trobe University ( email )

Department of Economics and Finance
La Trobe University
Melbourne, 3086
Australia

Chee Yoong Liew

UCSI University, Malaysia ( email )

No. 1, Jalan Menara Gading,
UCSI Heights (Taman Connaught)
Cheras, Kuala Lumpur, Federal Territory 56000
Malaysia
(+603) 9101 8880 (Phone)
(+603) 9102 2614 (Fax)

HOME PAGE: http://https://www.ucsiuniversity.edu.my/

Thomas Lindner

Vienna University of Economics and Business ( email )

Welthandelsplatz 1
Vienna, Wien 1020
Austria

Oliver B. Linton

University of Cambridge ( email )

Faculty of Economics
Cambridge, CB3 9DD
United Kingdom

Jiacheng Liu

Purdue University ( email )

610 Purdue Mall
West Lafayette, IN 47907
United States

Anqi Liu

The University of Sydney ( email )

Business School Abercrombie building
Sydney, NSW 2006
Australia

Jesus-Guillermo Llorente-Alvarez

Universidad Autonoma de Madrid ( email )

Facultad de C. Economicas
Madrid, Madrid 28049
Spain
34-91-497-4812 (Phone)
34-91-497-7057 (Fax)

Matthijs Lof

Aalto University ( email )

P.O. Box 21210
Helsinki, 00101
Finland

HOME PAGE: http://sites.google.com/site/matthijslof/

Ariel Lohr

Arizona State University (ASU) - Finance Department ( email )

W. P. Carey School of Business
PO Box 873906
Tempe, AZ 85287-3906
United States

Francis A. Longstaff

University of California, Los Angeles (UCLA) - Finance Area ( email )

Los Angeles, CA 90095-1481
United States
310-825-2218 (Phone)
310-206-5455 (Fax)

Alejandro Lopez-Lira

University of Florida - Department of Finance, Insurance and Real Estate ( email )

P.O. Box 117168
Gainesville, FL 32611
United States

HOME PAGE: http://alejandrolopezlira.site/

Shawn Mankad

North Carolina State University - Department of Business Management ( email )

Raleigh, NC 27695
United States

HOME PAGE: http://mankad-research.github.io/

Nicola Mano

Swiss Finance Institute - USI Lugano ( email )

Lugano
Switzerland

Alexis Marchal

EPFL ( email )

Station 5
Odyssea 1.04
1015 Lausanne, CH-1015
Switzerland
‭+41 21 693 09 23‬ (Phone)

Charles Martineau

University of Toronto - Rotman School of Management and UTSC Management ( email )

105 St-George
Toronto, Ontario M5S3E6
Canada

HOME PAGE: http://charlesmartineau.com

Francesco Mazzola

Erasmus University Rotterdam (EUR) ( email )

Burgemeester Oudlaan 50
3000 DR Rotterdam, Zuid-Holland 3062PA
Netherlands

Debrah C Meloso

Toulouse Business School - TBS Education ( email )

Toulouse
France

Roxana Mihet

Swiss Finance Institute - HEC Lausanne ( email )

Chavannes-près-Renens
Switzerland

Vijay Mohan

Independent ( email )

Australia

Sophie Moinas

Universite de Toulouse 1 Capitole ( email )

2 Rue du Doyen-Gabriel-Marty
Toulouse, 31042
France

David Moore

Loyola Marymount University ( email )

Los Angeles, CA 90045
United States

Liangyi Mu

Queen's University Belfast ( email )

Riddel Hall
185 Stranmillis Road
Belfast, BT9 5EE
United Kingdom
+44 2890975484 (Phone)

The University of Manchester ( email )

Oxford Road
Manchester, N/A M13 9PL
United Kingdom

Dmitriy Muravyev

Michigan State University - Department of Finance ( email )

315 Eppley Center
East Lansing, MI 48824-1122
United States

Canadian Derivatives Institute ( email )

3000, chemin de la Côte-Sainte-Catherine
Montréal, Québec H3T 2A7
Canada

Dermot Murphy

University of Illinois at Chicago ( email )

2114 University Hall (UH)
601 S. Morgan Street
Chicago, IL 60607-7124
United States
312-355-4372 (Phone)

HOME PAGE: http://sites.google.com/site/murphyderm

Gabor Neszveda

John von Neumann University - MNB Institute ( email )

Infopark stny. 1i,
Budapest, 1117
Hungary

Christian Neumeier

Macquarie University ( email )

Macquarie Law School
Sydney
Sydney, NSW
Australia

Justus Liebig University Giessen ( email )

Giessen
Germany

Ulf Nielsson

Copenhagen Business School ( email )

Solbjerg Plads 3
Frederiksberg C, DK - 2000
Denmark

Mahendrarajah Nimalendran

University of Florida - Department of Finance, Insurance and Real Estate ( email )

P.O. Box 117168
Gainesville, FL 32611
United States

Sven Nolte

Radboud University ( email )

Nijmegen
Netherlands

Lars L. Nordén

Stockholm University - Stockholm Business School ( email )

Sweden

Peter O'Neill

UNSW Australia Business School, School of Banking and Finance ( email )

Sydney, NSW 2052
Australia

HOME PAGE: http://peteroneill.org

Khaled Obaid

California State University-East Bay ( email )

320 Valley Business and Technology Center
College of Business and Economics
Hayward, CA 94621
United States

Bernt Arne Ødegaard

University of Stavanger ( email )

UiS Business School
Stavanger, NO-4036
Norway

HOME PAGE: http://ba-odegaard.no

Per Östberg

University of Zurich - Department of Banking and Finance ( email )

Plattenstrasse 14
CH-8032 Zurich, Zurich 8032
Switzerland
+41 44 6342956 (Phone)

Swiss Finance Institute

c/o University of Geneva
40, Bd du Pont-d'Arve
CH-1211 Geneva 4
Switzerland

Marcus Painter

Saint Louis University - Department of Finance ( email )

Saint Louis, MO
United States

Stefan Palan

University of Graz ( email )

Universitaetsstrasse 15/F2
Graz, 8010
Austria
+433163807306 (Phone)

HOME PAGE: http://academic.palan.biz

Imon Palit

Royal Melbourne Institute of Technolog (RMIT University) - Blockchain Innovation Hub ( email )

124 La Trobe Street
Melbourne, 3000
Australia

Andreas Park

University of Toronto ( email )

105 St George Street
Toronto, Ontario M5S 3G8
Canada

University of Toronto - Finance Area ( email )

Toronto, Ontario M5S 3E6
Canada

Roberto Pascual Gascó

Universidad de las Islas Baleares ( email )

Ctra. de Valldemossa km 7,5
Departamento de Economia y Empresa
Palma, Baleares
Spain
+34 971 17 13 29 (Phone)
+34 971 17 23 89 (Fax)

Paolo Pasquariello

University of Michigan, Stephen M. Ross School of Business ( email )

709 Tappan Street
Room R4434
Ann Arbor, MI 48109
United States
734-764-9286 (Phone)
240-526-7168 (Fax)

HOME PAGE: http://webuser.bus.umich.edu/ppasquar/

Lubos Pastor

University of Chicago - Booth School of Business ( email )

5807 S. Woodlawn Avenue
Chicago, IL 60637
United States
773-834-4080 (Phone)
773-702-0458 (Fax)

HOME PAGE: http://www.ChicagoGSB.edu/fac/lubos.pastor/

Vinay Patel

University of Technology Sydney (UTS) ( email )

15 Broadway, Ultimo
PO Box 123
Sydney, NSW 2007
Australia

Andrew J. Patton

Duke University - Department of Economics ( email )

213 Social Sciences Building
Box 90097
Durham, NC 27708-0204
United States

HOME PAGE: http://econ.duke.edu/~ap172/

Neil D. Pearson

University of Illinois at Urbana-Champaign - Department of Finance ( email )

1206 South Sixth Street
Champaign, IL 61820
United States
217-244-0490 (Phone)
217-244-9867 (Fax)

Loriana Pelizzon

Goethe University Frankfurt - Faculty of Economics and Business Administration ( email )

Theodor-W.-Adorno-Platz 3
Frankfurt am Main, D-60323
Germany

Leibniz Institute for Financial Research SAFE ( email )

Theodor-W.-Adorno-Platz 3
Frankfurt am Main, 60323
Germany

HOME PAGE: http://www.safe-frankfurt.de

Ca Foscari University of Venice - Dipartimento di Economia ( email )

Cannaregio 873
Venice, 30121
Italy

Matthias Pelster

University of Duisburg-Essen - Mercator School of Management ( email )

Lotharstraße 65
Duisburg, Nordrhein-Westfalen 47057
Germany

european center for financial services (ecfs) ( email )

Lotharstraße 65
Duisburg, 47057
Germany

Christophe Pérignon

HEC Paris - Finance Department ( email )

1 rue de la Liberation
Jouy-en-Josas Cedex, 78351
France

Cameron Pfiffer

University of Oregon - Department of Finance ( email )

Lundquist College of Business
1208 University of Oregon
Eugene, OR 97403
United States

Richard Philip

University of Sydney Business School ( email )

Cnr. of Codrington and Rose Streets
Sydney, NSW 2006
Australia

Tomáš Plíhal

Masaryk University - Department of finance ( email )

Lipova 41a
Brno, 60200
Czech Republic

Puneet Prakash

Missouri State University ( email )

United States
65897 (Fax)

Oliver-Alexander Press

Copenhagen Business School ( email )

Solbjerg Plads 3
Frederiksberg C, DK - 2000
Denmark

Tina Prodromou

The University of Wollongong ( email )

Northfields Avenue
Wollongong, NSW 2522
Australia

HOME PAGE: http://https://scholars.uow.edu.au/display/tina_prodromou

Talis J. Putnins

University of Technology Sydney (UTS) ( email )

PO Box 123
Broadway
Sydney
Australia
+61 2 9514 3088 (Phone)

Digital Finance CRC ( email )

Stockholm School of Economics, Riga ( email )

Strelnieku iela 4a
Riga, LV 1010
Latvia
+371 67015841 (Phone)

Gaurav Raizada

Indian Institute of Management, Ahmedabad ( email )

Vastrapur
Ahmedabad, Gujarat 380015
India

David A. Rakowski

University of Texas at Arlington ( email )

Box 19449 UTA
Arlington, TX 76019
United States

Angelo Ranaldo

University of St. Gallen ( email )

School of Finance
Unterer Graben 21
St. Gallen, 9000
Switzerland
+41712247010 (Phone)

HOME PAGE: http://fin-sr.unisg.ch

Swiss Finance Institute ( email )

c/o University of Geneva
40, Bd du Pont-d'Arve
CH-1211 Geneva 4
Switzerland
+41796637711 (Phone)

HOME PAGE: http://www.sfi.ch/de/about-us/news/hsg-faculty-members

Luca Regis

University of Turin ( email )

Corso Unione Sovietica 218 bis
Torino, Turin 10100
Italy

Collegio Carlo Alberto

Piazza Albarello , 8
Turin
Italy

Stefan Reitz

University of Kiel

Olshausenstr. 40
D-24118 Kiel, Schleswig-Holstein 24118
Germany

Thomas Renault

Université Paris I Panthéon-Sorbonne - Centre d'Economie de la Sorbonne (CES) ( email )

106-112 Boulevard de l'hopital
106-112 Boulevard de l'Hôpital
Paris Cedex 13, 75647
France

Renjie Wang

Vrije Universiteit Amsterdam ( email )

De Boelelaan 1105
Amsterdam, 1081 HV

Tinbergen Institute ( email )

Burg. Oudlaan 50
Rotterdam, 3062 PA
Netherlands

Roberto Renò

ESSEC Business School ( email )

3 Avenue Bernard Hirsch
CS 50105 CERGY
CERGY, CERGY PONTOISE CEDEX 95021
France

Steven Riddiough

University of Toronto ( email )

105 St George Street
Toronto, Ontario M5S 3G8
Canada

Kalle Rinne

Universite du Luxembourg - Department of Finance ( email )

L-1511 Luxembourg
Luxembourg

HOME PAGE: http://https://sites.google.com/view/kallerinne/home

Paul Rintamäki

Aalto University ( email )

P.O. Box 21210
Helsinki, 00101
Finland

Ryan Riordan

Queen's University - Smith School of Business ( email )

Smith School of Business, Queen's University
143 Union Street
Kingston, Ontario K7L 3N6
Canada

Ludwig-Maximilians-University Munich, Faculty of Business Administration (Munich School of Management) ( email )

Schackstr. 4
Munich, 80539
Germany

Thomas Rittmannsberger

University of Innsbruck ( email )

Innsbruck
Austria

Iñaki Rodríguez Longarela

Stockholm University - Stockholm Business School ( email )

Stockholm
Sweden

Dominik Rösch

State University of New York at Buffalo - School of Management ( email )

Jacobs Management Center
Buffalo, NY 14222
United States

HOME PAGE: http://dominikroesch.com

Lavinia Rognone

University of Edinburgh Business School ( email )

Brian Roseman

Oklahoma State University - Department of Finance ( email )

Spears School of Business
Stillwater, OK 74078
United States

Ioanid Rosu

HEC Paris - Finance Department ( email )

1 rue de la Liberation
Jouy-en-Josas Cedex, 78351
France

Saurabh Roy

University of Quebec at Montreal (UQAM) - Faculty of Management (ESG) ( email )

Case postale 8888
Succursale Centre-ville
Montreal, Quebec H3C 3P8
Canada

Nicolas Rudolf

University of Lausanne ( email )

Quartier Chambronne
Lausanne, Vaud CH-1015
Switzerland

Stephen Rush

Bowling Green State University - Department of Finance ( email )

212 Business Administration
Bowling Green, OH 43403
United States

HOME PAGE: http://bgsu.edu

Vietnam National University - Ho Chi Minh City (VNU-HCM) - University of Economics and Law ( email )

Vietnam National University - Ho Chi Minh City
Linh Xuan Ward, Thu Duc
Ho Chi Minh City
Vietnam

HOME PAGE: http://uel.edu.vn

Liminal Markets ( email )

1037 NE 65th St #88008
Seattle, WA 98115
United States

HOME PAGE: http://liminalmarkets.com

Khaladdin Rzayev

University of Edinburgh ( email )

Old College
South Bridge
Edinburgh, Scotland EH8 9JY
United Kingdom

Koc University ( email )

Rumelifeneri Yolu
34450 Sar?yer
Istanbul, 34450
Turkey

Systemic Risk Centre - LSE ( email )

Houghton St, London WC2A 2AE, United Kingdom

Aleksandra Rzeźnik

York University - Schulich School of Business ( email )

4700 Keele Street
Toronto, Ontario M3J 1P3
Canada

Anthony Sanford

HEC Montreal - Department of Finance ( email )

3000 Chemin de la Cote-Sainte-Catherine
Montreal, Quebec H3T 2A7
Canada

Harikumar Sankaran

New Mexico State University ( email )

Las Cruces, NM 88003
United States

Asani Sarkar

Federal Reserve Bank of New York ( email )

Research Department
33 Liberty Street
New York, NY 10045
United States
212-720-8943 (Phone)
212-720-1582 (Fax)

HOME PAGE: http://www.newyorkfed.org/research/economists/sarkar/pub.html

Lucio Sarno

University of Cambridge - Judge Business School ( email )

Trumpington Street
Cambridge, CB2 1AG
United Kingdom

Centre for Economic Policy Research (CEPR)

London
United Kingdom

Olivier Scaillet

Swiss Finance Institute - University of Geneva ( email )

Geneva
Switzerland

Stefan Scharnowski

University of Mannheim ( email )

Mannheim, 68161
Germany

Klaus Reiner Schenk-Hoppé

The University of Manchester - Department of Economics ( email )

Arthur Lewis Building
Oxford Road
Manchester, M13 9PL
United Kingdom

Andrea Schertler

University of Graz ( email )

Universitaetsstrasse 15 / FE
A-8010 Graz, 8010
Austria

Michael Schneider

Deutsche Bundesbank ( email )

Wilhelm-Epstein-Str. 14
Frankfurt/Main, 60431
Germany

Florian Schroeder

Macquarie University ( email )

North Ryde
Sydney, New South Wales 2109
Australia

Norman Schuerhoff

Swiss Finance Institute - HEC Lausanne ( email )

Chavannes-près-Renens
Switzerland

Philipp Schuster

University of Stuttgart ( email )

Keplerstraße 17
D-70174 Stuttgart
Germany
+49 711 685-86001 (Phone)

Marco A. Schwarz

Heinrich Heine University Dusseldorf - Duesseldorf Institute for Competition Economics (DICE) ( email )

Universitaetsstr. 1
Duesseldorf, NRW 40225
Germany

Mark S. Seasholes

Arizona State University (ASU) ( email )

Farmer Building 440G PO Box 872011
Tempe, AZ 85287
United States

Norman Seeger

VU Amsterdam - School of Business and Economics ( email )

De Boelelaan 1105
Amsterdam, 1081HV
Netherlands

Or Shachar

Federal Reserve Bank of New York ( email )

33 Liberty Street
New York, NY 10045
United States
(212) 720-6974 (Phone)
(212) 720-1582 (Fax)

Andriy Shkilko

Wilfrid Laurier University - Lazaridis School of Business and Economics ( email )

LH 4050
75 University Ave. W.
Waterloo, Ontario N2L3C5
Canada
519.884.0710 ext. 2462 (Phone)
519.884.0201 (Fax)

Jessica Shui

Federal Housing Finance Agency ( email )

400 7th Street SW
Washington, DC 20552
United States

Mario Sikic

University of Zurich ( email )

Rämistrasse 71
Zürich, CH-8006
Switzerland

Giorgia Simion

Vienna University of Economics and Business ( email )

Welthandelsplatz 1
Vienna, Wien 1020
Austria

Lee A. Smales

University of Western Australia ( email )

UWA Business School
35 Stirling Highway
Perth, Western Australia 6009
Australia

Paul Söderlind

University of St. Gallen ( email )

Rosenbergstrasse 52
St. Gallen, 9000
Switzerland
+41 71 224 7064 (Phone)
+41 71 224 7088 (Fax)

HOME PAGE: http://https://sites.google.com/site/paulsoderlindecon/home

Elvira Sojli

University of New South Wales (UNSW) ( email )

Kensington
High St
Sydney, NSW 2052
Australia

HOME PAGE: http://https://sites.google.com/site/esojli/

UNSW Business School ( email )

Sydney, NSW 2052
Australia

HOME PAGE: http://sites.google.com/site/esojli/

Konstantin Sokolov

University of Memphis - Fogelman College of Business and Economics ( email )

Memphis, TN 38152
United States

Laima Spokeviciute

Cardiff University ( email )

Aberconway Building
Colum Drive
Cardiff, Wales CF10 3EU
United Kingdom

Denitsa Stefanova

Universite du Luxembourg ( email )

L-1511 Luxembourg
Luxembourg

Marti G. Subrahmanyam

New York University (NYU) - Leonard N. Stern School of Business ( email )

44 West 4th Street
Suite 9-160
New York, NY NY 10012
United States

Sebastian Neusüss

Aalto University ( email )

P.O. Box 21210
Helsinki, 00101
Finland

Barnabas Szaszi

Eötvös Loránd University ( email )

Pazmany Peter setany 1A
Budapest, -- H1117
Hungary

Oleksandr Talavera

University of Birmingham ( email )

Edgbaston, Birmingham B15 2TT
United Kingdom

Yuehua Tang

University of Florida - Department of Finance ( email )

P.O. Box 117168
Gainesville, FL 32611
United States

HOME PAGE: http://sites.google.com/site/yuehuatang

Nicholas Taylor

University of Bristol Business School ( email )

University of Bristol,
Senate House, Tyndall Avenue
Bristol, Avon BS8 ITH
United Kingdom

Wing Wah Tham

University of New South Wales (UNSW) ( email )

Kensington
High St
Sydney, NSW 2052
Australia

Erik Theissen

University of Mannheim - Finance Area ( email )

Mannheim, 68131
Germany

Julian Thimme

Karlsruhe Institute of Technology ( email )

Kaiserstraße 12
Karlsruhe, Baden Württemberg 76131
Germany

HOME PAGE: http://www.julianthimme.de

Ian Tonks

University of Bristol - Department of Finance and Accounting ( email )

Department of Finance and Accounting
15-19 Tyndalls Park Road
Bristol, BS8 1PQ
United Kingdom

Hai Tran

Loyola Marymount University - Department of Finance ( email )

Los Angeles, CA 90045
United States

Luca Trapin

University of Bologna ( email )

Piazza Scaravilli 2
Bologna, 40100
Italy

Anders B. Trolle

Copenhagen Business School ( email )

Solbjerg Plads 3
Frederiksberg C, DK - 2000
Denmark

Giorgio Valente

Hong Kong Institute for Monetary and Financial Research (HKIMR) ( email )

One Pacific Place, 10th Floor
88 Queensway
Hong Kong
China

Robert A. Van Ness

University of Mississippi - Department of Finance ( email )

Oxford, MS 38677
United States

Aurelio Vasquez

Instituto Tecnológico Autónomo de México (ITAM) - Department of Business Administration ( email )

Rio Hondo No. 1
Col. Tizapan-San Angel, 01000
Mexico

Thanos Verousis

Vlerick Business School ( email )

Library
REEP 1
Gent, BE-9000
Belgium

Patrick Verwijmeren

Erasmus University Rotterdam (EUR) ( email )

Burgemeester Oudlaan 50
3000 DR Rotterdam, Zuid-Holland 3062PA
Netherlands

Anders Vilhelmsson

Lund University - Department of Economics ( email )

Lund
Sweden

Grigory Vilkov

Frankfurt School of Finance & Management ( email )

Adickesallee 32-34
Frankfurt am Main, 60322
Germany

HOME PAGE: http://www.vilkov.net

Vladimir Vladimirov

University of Amsterdam Business School ( email )

Roetersstraat 18
Amsterdam, 1018WB
Netherlands

Centre for Economic Policy Research (CEPR) ( email )

London
United Kingdom

Sebastian Vogel

Erasmus University Rotterdam (EUR) ( email )

Burgemeester Oudlaan 50
3000 DR Rotterdam, Zuid-Holland 3062PA
Netherlands

Stefan Voigt

University of Copenhagen ( email )

Øster Farimagsgade 5, Bygn 26
Copenhagen, 1353
Denmark

HOME PAGE: http://voigtstefan.me

Danish Finance Institute ( email )

Copenhagen

Wolf Wagner

Erasmus University Rotterdam (EUR) ( email )

Burgemeester Oudlaan 50
3000 DR Rotterdam, Zuid-Holland 3062PA
Netherlands

Thomas Walther

Utrecht University - School of Economics ( email )

Kriekenpitplein 21-22
Adam Smith Building
Utrecht, +31 30 253 7373 3584 EC
Netherlands

HOME PAGE: http://www.thomas-walther.info

Dresden University of Technology - Faculty of Economics and Business Management ( email )

Mommsenstrasse 13
Dresden, D-01062
Germany

HOME PAGE: http://www.tu-dresden.de/wiwi/finance

Patrick Weiss

Reykjavik University ( email )

Menntavegur 1
Reykjavik, 102
Iceland

HOME PAGE: http://https://sites.google.com/view/patrick-weiss

Michel Van der Wel

Erasmus University Rotterdam ( email )

Burg. Oudlaan 50
Rotterdam, NL 3062 PA
Netherlands

Ingrid M. Werner

The Ohio State University - Fisher College of Business ( email )

2100 Neil Avenue
Columbus, OH 43210-1144
United States
614-292-6460 (Phone)
614-292-2418 (Fax)

P. Joakim Westerholm

University of Sydney Business School ( email )

Cnr. of Codrington and Rose Streets
Sydney, NSW 2006
Australia

Christian Westheide

University of Vienna - Department of Finance ( email )

Bruennerstrasse 72
Vienna, 1210
Austria

Evert Wipplinger

Vrije Universiteit Amsterdam, School of Business and Economics ( email )

De Boelelaan 1105
Amsterdam, 1081HV
Netherlands

Michael Wolf

University of Zurich - Department of Economics ( email )

Wilfriedstrasse 6
Zurich, 8032
Switzerland

Christian C. P. Wolff

University of Luxembourg ( email )

6, rue Richard Coudenhove-Kalergi
Kirchberg Campus
Luxembourg, South 1359
Luxembourg

Centre for Economic Policy Research (CEPR)

London
United Kingdom

Leonard Wolk

VU University Amsterdam ( email )

De Boelelaan 1105
Amsterdam, 1081HV
Netherlands

Wing-Keung Wong

Asia University, Department of Finance ( email )

Taiwan
Taiwan

Jan Wrampelmeyer

Vrije Universiteit Amsterdam, School of Business and Economics ( email )

De Boelelaan 1105
Amsterdam, 1081HV
Netherlands

Shuo Xia

Halle Institute for Economic Research ( email )

P.O. Box 11 03 61
Kleine Maerkerstrasse 8
D-06017 Halle, 06108
Germany

University of Leipzig - Faculty of Economics and Management Science ( email )

Leipzig, 04109
Germany

Dacheng Xiu

University of Chicago - Booth School of Business ( email )

5807 S. Woodlawn Avenue
Chicago, IL 60637
United States

Ke Xu

University of Victoria ( email )

3800 Finnerty Rd
Victoria, British Columbia V8P 5C2
Canada

Caihong Xu

Stockholm University - Stockholm Business School ( email )

Roslagsvägen 1010
Stockholm, SE-106 91
Sweden

Pradeep K. Yadav

University of Oklahoma Price College of Business ( email )

307 W.Brooks, Room 3270 Division of Finance
Norman, OK 73019
United States
4053255591 (Phone)
4053255491 (Fax)

HOME PAGE: http://www.ou.edu/price/finance/faculty/pradeep_yadav.html

José Yagüe

University of Murcia ( email )

Department of Management and Finance
Campus de Espinardo s/n
Murcia, 30100
Spain
+34 868883862 (Phone)
+34 868887537 (Fax)

Cheng Yan

University of Essex - Essex Business School ( email )

Wivenhoe Park
Colchester, CO4 3SQ
United Kingdom

Antti Yang

Erasmus University Rotterdam ( email )

Netherlands

Woongsun Yoo

Central Michigan University ( email )

Mount Pleasant, MI 48859
United States

Wenjia Yu

Aalto University ( email )

P.O. Box 21210
Helsinki, 00101
Finland

Shihao Yu

Columbia University ( email )

3022 Broadway
New York, NY 10027
United States

HOME PAGE: http://www.shihaoyu.org

Bart Zhou Yueshen

Singapore Management University - Lee Kong Chian School of Business

50 Stamford Rd
Singapore, 178899
Singapore

Darya Yuferova

Norwegian School of Economics (NHH) - Department of Finance ( email )

Helleveien 30
N-5045 Bergen
Norway

Marcin Zamojski

University of Gothenburg, Centre for Finance ( email )

Box 640
Gothenburg, 405 30
Sweden

Abalfazl Zareei

Stockholm University ( email )

Universitetsvägen 10
Stockholm, Stockholm SE-106 91
Sweden

Stefan Zeisberger

Radboud University, Institute for Management Research ( email )

Nijmegen
Netherlands

University of Zurich, Department of Banking and Finance ( email )

Zürich
Switzerland

Sarah Zhang

University of Manchester - Alliance Manchester Business School ( email )

Crawford House
Oxford Road
Manchester M13 9PL
United Kingdom

Xiaoyu Zhang

Vrije Universiteit Amsterdam (VU Amsterdam) ( email )

De Boelelaan 1105
Amsterdam, North Holland 1081 HV
Netherlands

Zhuo Zhong

University of Melbourne - Department of Finance ( email )

Faculty of Economics and Commerce
Parkville, Victoria 3010 3010
Australia

Z. Ivy Zhou

University of Wollongong - School of Accounting, Economics & Finance ( email )

Northfields Avenue
Wollongong, NSW 2522
Australia

Chen Zhou

Erasmus University Rotterdam (EUR) ( email )

Burgemeester Oudlaan 50
3000 DR Rotterdam, Zuid-Holland 3062PA
Netherlands

Xingyu Sonya Zhu

Bank for International Settlements (BIS) - Monetary and Economic Department ( email )

Centralbahnplatz 2
CH-4002 Basel
Switzerland

Marius Zoican

University of Toronto at Mississauga - Department of Management ( email )


Canada

University of Toronto - Rotman School of Management ( email )

105 St. George Street
Toronto, Ontario M5S 3E6 M5S1S4
Canada

HOME PAGE: http://www.mariuszoican.com

Remco C.J. Zwinkels

Vrije Universiteit Amsterdam ( email )

De Boelelaan 1105
Amsterdam, NH 1081 HV
Netherlands
+31205985220 (Phone)

HOME PAGE: http://research.vu.nl/en/persons/remco-zwinkels

Tinbergen Institute ( email )

Burg. Oudlaan 50
Rotterdam, 3062 PA
Netherlands

HOME PAGE: http://tinbergen.nl/person/1574/remco-zwinkels

Jian Chen

Queen's University ( email )

Kingston, Ontario K7L 3N6
Canada

Teodor Duevski

HEC Paris ( email )

1 rue de la Liberation
Jouy-en-Josas Cedex, 78351
France

Ge Gao

University of Birmingham ( email )

Edgbaston, Birmingham B15 2TT
United Kingdom

Roland Gemayel

King’s College London ( email )

Strand
London, England WC2R 2LS
United Kingdom

Dudley Gilder

Cardiff Business School

Cardiff University
Cardiff
United Kingdom

Paul Kuhle

Universidad Autonoma de Madrid ( email )

Facultad de Ciencias Económicas y Empresariales
Departamento de Economia y Hacienda Publica
Madrid, 28049
Spain

Emiliano Pagnotta

Singapore Management University ( email )

Li Ka Shing Library
70 Stamford Road
Singapore, 178899
Singapore

HOME PAGE: http://www.emilianopagnotta.com

Michele Pelli

University of Zurich - Department of Finance ( email )

Plattenstrasse 14
Zurich, 8032
Switzerland

Swiss Finance Institute

c/o University of Geneva
42, Bd du Pont d`Arve
Geneva, 1211
Switzerland

Jantje Sönksen

University of Tübingen ( email )

Sigwartstr. 18
Tübingen, Baden-Wuerttemberg 72076
Germany

Lu Zhang

University of Luxembourg ( email )

Kirchberg, 6, rue Richard Coudenhove-Kalergi
Luxembourg
Luxembourg

Konrad Ilczuk

affiliation not provided to SSRN

Dimitar Bogoev

EDF Energy, United Kingdom ( email )

Barnwood, Gloucestershire
United Kingdom

Ya Qian

Aalto University ( email )

P.O. Box 21210
Helsinki, 00101
Finland

Hans C. Wika

Norges Bank ( email )

P.O. Box 1179
Oslo, N-0107
Norway

Yihe Yu

State University of New York (SUNY) - Buffalo ( email )

12 Capen Hall
Buffalo, NY 14260
United States

Lu Zhao

Southwestern University of Finance and Economics (SWUFE) ( email )

55 Guanghuacun St,
Chengdu, Sichuan 610074
China

Michael Mi

The University of Sydney ( email )

University of Sydney
Sydney, NSW 2006
Australia

Li Bao

University of Toulouse Capitole

France

Andreea Vaduva

UC3M ( email )

Calle Madrid 126
Universidad Carlos III de Madrid (room 15.2.42)
Getafe, Madrid 28903
Spain
692431065 (Phone)
13420 (Fax)

Marcel Prokopczuk

Leibniz Universität Hannover - Faculty of Economics and Management ( email )

Koenigsworther Platz 1
Hannover, 30167
Germany

University of Reading - ICMA Centre ( email )

Whiteknights Park
P.O. Box 242
Reading RG6 6BA
United Kingdom

Alejandro Avetikian

Pontificia Universidad Católica de Chile ( email )

Av Libertador General Bernardo O'Higgins 340
Santiago, Región Metropolitana 8331150
Chile

Zhen-Xing Wu

Zhongnan University of Economics and Law - School of Finance ( email )

WenQuan Building, 182# Nanhu Avenue
East Lake High-tech Development Zone
Wuhan, Hubei 430073
China

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