Jonathan Clarke

Georgia Institute of Technology - Scheller College of Business

Assistant Professor of Finance

800 West Peachtree St.

Atlanta, GA 30308

United States

http://mgt.gatech.edu/directory/clarke.html

  • Georgia Institute of Technology - Scheller College of Business

    • Email
    • Tel: 404-894-4929
    • Fax: 404-894-6030
SCHOLARLY PAPERS

20

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12,354

SSRN CITATIONS
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Top 6,080

in Total Papers Citations

71

CROSSREF CITATIONS

118

Scholarly Papers (20)

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1.

On Information Asymmetry Metrics

Number of pages: 60 Posted: 18 Jan 2001
Jonathan Clarke and Kuldeep Shastri
Georgia Institute of Technology - Scheller College of Business and University of Pittsburgh - Finance Group
Downloads 3,924 (2,550)
Citation 65

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Information asymmetry, market microstructure, adverse selection costs, analyst forecasts, corporate finance

2.

All-Star Analyst Turnover, Investment Bank Market Share, and the Performance of Initial Public Offerings

Number of pages: 41 Posted: 20 Jan 2003
Jonathan Clarke, Craig G. Dunbar and Kathleen M. Kahle
Georgia Institute of Technology - Scheller College of Business, Ivey Business School, Western University and University of Arizona - Department of Finance
Downloads 923 (26,430)
Citation 4

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IPO, all-star analyst, market share, underpricing, IPO performance

3.

Are Analysts' Recommendations Informative? Intraday Evidence on the Impact of Time Stamp Delays

Journal of Finance, Forthcoming, AFA 2011 Denver Meetings Paper
Number of pages: 53 Posted: 18 Mar 2010 Last Revised: 26 Oct 2015
Daniel Bradley, Jonathan Clarke, Suzanne S. Lee and Chayawat Ornthanalai
University of South Florida, Georgia Institute of Technology - Scheller College of Business, Georgia Institute of Technology - Finance Area and University of Toronto - Rotman School of Management
Downloads 838 (30,307)
Citation 16

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Analyst recommendations, high-frequency data, news arrival, jump detection

4.

Fake News, Investor Attention, and Market Reaction

Information Systems Research, Forthcoming
Number of pages: 45 Posted: 01 Aug 2018 Last Revised: 18 Dec 2019
Jonathan Clarke, Hailiang Chen, Ding Du and Yu Jeffrey Hu
Georgia Institute of Technology - Scheller College of Business, The University of Hong Kong - Faculty of Business and Economics, Carnegie Mellon University and Georgia Institute of Technology - Scheller College of Business
Downloads 772 (33,994)
Citation 3

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fake news, investor attention, financial technology, textual analysis, social media

5.

The Impact of All-Star Analyst Job Changes on Their Coverage Choices and Investment Banking Deal Flow

Downloads 768 ( 34,166)
Citation 39

The Impact of All-Star Analyst Job Changes on Their Coverage Choices and Investment Banking Deal Flow

Journal of Financial Economics (JFE), Forthcoming, Utah Winter Finance Conference
Number of pages: 34 Posted: 30 Aug 2003 Last Revised: 26 May 2010
Ajay Khorana, Ajay Patel, P. Raghavendra Rau and Jonathan Clarke
Georgia Institute of Technology - Finance Area, Wake Forest University, School of Business, University of Cambridge and Georgia Institute of Technology - Scheller College of Business
Downloads 768 (33,665)
Citation 39

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All-star analysts, analyst coverage, market share, investment bank relationships, conflicts of interests

The Impact of All-Star Analyst Job Changes on Their Coverage Choices and Investment Banking Deal Flow

Journal of Financial Economics, Vol. 84, pp. 713-737, 2007
Posted: 18 Dec 2005 Last Revised: 26 Oct 2015
Ajay Khorana, Jonathan Clarke, P. Raghavendra Rau and Ajay Patel
Georgia Institute of Technology - Finance Area, Georgia Institute of Technology - Scheller College of Business, University of Cambridge and Wake Forest University, School of Business

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All-star analyst, analyst coverage, market share, investment banking relationships, conflicts of interests

6.

Independents' Day? Analyst Behavior Surrounding the Global Settlement

Downloads 758 ( 34,783)
Citation 13

Independents' Day? Analyst Behavior Surrounding the Global Settlement

Number of pages: 27 Posted: 07 Jul 2004 Last Revised: 21 Aug 2009
Jonathan Clarke, Ajay Khorana, P. Raghavendra Rau and Ajay Patel
Georgia Institute of Technology - Scheller College of Business, Georgia Institute of Technology - Finance Area, University of Cambridge and Wake Forest University, School of Business
Downloads 758 (34,269)
Citation 13

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Analysts, Investment banks, Independent Research institutions, Conflicts of interest, Analyst recommendations, Global Settlement

Independents' Day? Analyst Behavior Surrounding the Global Settlement

Annals of Finance, 7(4) 529-547, 2011
Posted: 25 Aug 2009 Last Revised: 26 Oct 2015
Jonathan Clarke, Ajay Khorana, Ajay Patel and P. Raghavendra Rau
Georgia Institute of Technology - Scheller College of Business, Georgia Institute of Technology - Finance Area, Wake Forest University, School of Business and University of Cambridge

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Analyst Recommendations, Investment banks, Independent research institutions, Conflicts of interest, Global Settlement

7.

The Long-Run Performance of Secondary Equity Issues: A Test of the Windows of Opportunity Hypothesis

Downloads 745 ( 35,656)
Citation 9

The Long-Run Performance of Secondary Equity Issues: A Test of the Windows of Opportunity Hypothesis

Number of pages: 46 Posted: 11 Jul 2002
Craig G. Dunbar, Jonathan Clarke and Kathleen M. Kahle
Ivey Business School, Western University, Georgia Institute of Technology - Scheller College of Business and University of Arizona - Department of Finance
Downloads 745 (35,116)
Citation 9

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secondary equity issues, long-run performance

The Long-Run Performance of Secondary Equity Issues: A Test of the Windows of Opportunity Hypothesis

Journal of Business, Vol. 77, No. 3, July 2004
Posted: 05 Aug 2004
Jonathan Clarke, Craig G. Dunbar and Kathleen M. Kahle
Georgia Institute of Technology - Scheller College of Business, Ivey Business School, Western University and University of Arizona - Department of Finance

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secondary equity issues, long-run performance

8.

Adverse Selection Costs and Closed-End Funds

Number of pages: 38 Posted: 20 Feb 2001
Jonathan Clarke and Kuldeep Shastri
Georgia Institute of Technology - Scheller College of Business and University of Pittsburgh - Finance Group
Downloads 597 (47,958)
Citation 4

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Closed-end funds, adverse selection costs

9.

Dynamic Forecasting Behavior by Analysts: Theory and Evidence

Journal of Financial Economics, Forthcoming
Number of pages: 58 Posted: 15 Apr 2005
Jonathan Clarke and Ajay Subramanian
Georgia Institute of Technology - Scheller College of Business and Georgia State University
Downloads 480 (63,096)
Citation 2

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Analysts, forecasting, career concerns, employment risk, herding

10.

Are Analyst Recommendations Biased? Evidence from Corporate Bankruptcies

Journal of Financial and Quantitative Analysis, Forthcoming
Number of pages: 47 Posted: 28 Aug 2005
Jonathan Clarke, Stephen P. Ferris, Jinsoo Lee and Narayanan Jayaraman
Georgia Institute of Technology - Scheller College of Business, University of Missouri at Columbia - Department of Finance, KDI School of Public Policy and Management and Georgia Institute of Technology - Scheller College of Business
Downloads 355 (90,245)
Citation 2

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Analyst optimism, recommendations, analyst bias, bankruptcy

11.

The Speed of Information and the Sell-Side Research Industry

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming, Georgia Tech Scheller College of Business Research Paper No. 17-2
Number of pages: 41 Posted: 09 Dec 2016 Last Revised: 24 Apr 2019
Daniel Bradley, Jonathan Clarke and Linghang Zeng
University of South Florida, Georgia Institute of Technology - Scheller College of Business and Babson College - Finance Division
Downloads 354 (90,580)
Citation 1

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Value of analyst research, analysts' recommendations, Theflyonthewall.com, sell-side research

12.

Long-Run Performance and Insider Trading in Completed and Canceled Seasoned Equity Offerings

Journal of Financial and Quantitative Analysis (JFQA), Vol. 36, No. 4, 2001
Number of pages: 27 Posted: 04 Feb 2011
Kathleen M. Kahle, Craig G. Dunbar and Jonathan Clarke
University of Arizona - Department of Finance, Ivey Business School, Western University and Georgia Institute of Technology - Scheller College of Business
Downloads 315 (103,230)
Citation 3

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SEOs, Insider Trading, Long-Run Performance

13.

Institutional Herding and Asset Price: The Role of Information

Rotman School of Management Working Paper No. 1707868
Number of pages: 61 Posted: 13 Nov 2010 Last Revised: 26 Oct 2015
Jonathan Clarke, Chayawat Ornthanalai and Ya Tang
Georgia Institute of Technology - Scheller College of Business, University of Toronto - Rotman School of Management and McGill University - Desautels Faculty of Management
Downloads 284 (115,293)
Citation 1

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Institutional trading, herding, market efficiency, analysts' recommendations

14.

Peering into a Cloudy Crystal Ball: Analysts Recommendations Preceding Bankruptcy

CORI Working Paper No. 03-03
Number of pages: 46 Posted: 30 Dec 2003
Jonathan Clarke, Stephen P. Ferris and Jinsoo Lee
Georgia Institute of Technology - Scheller College of Business, University of Missouri at Columbia - Department of Finance and KDI School of Public Policy and Management
Downloads 245 (134,430)

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Analysts, recommendations, bankruptcy

15.

Does Reputation Mitigate Analysts’ Conflicts of Interest? Evidence from Recommendations

Number of pages: 38 Posted: 17 Mar 2006 Last Revised: 26 Oct 2015
Daniel Bradley, Jonathan Clarke and John Cooney
University of South Florida, Georgia Institute of Technology - Scheller College of Business and Texas Tech University - Rawls College of Business
Downloads 223 (147,387)
Citation 2

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Analysts, IPOs, investment banking, conflicts of interest

16.

When Do Analysts Impede Innovation?*

Georgia Tech Scheller College of Business Research Paper No. 2015-16
Number of pages: 39 Posted: 21 Nov 2015
Jonathan Clarke, Nishant Dass and Ajay Patel
Georgia Institute of Technology - Scheller College of Business, Georgia Institute of Technology - Scheller College of Business and Wake Forest University, School of Business
Downloads 215 (152,537)
Citation 2

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Analysts, Innovation, Patents

17.

A Transaction-Level Analysis of Spatial Arbitrage: The Role of Habit, Attention, and Electronic Trading

Eric Overby, Jonathan Clarke (2012) A Transaction-Level Analysis of Spatial Arbitrage: The Role of Habit, Attention, and Electronic Trading. Management Science 58(2):394-412
Number of pages: 30 Posted: 21 Jul 2010 Last Revised: 09 Jun 2016
Eric M. Overby and Jonathan Clarke
Georgia Institute of Technology and Georgia Institute of Technology - Scheller College of Business
Downloads 210 (155,905)

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Limited Attention, Market Speculation, Electronic Trading, Information Technology, Automotive, Spatial Arbitrage, Market Integration

18.

Working for the Enemy? The Impact of Investment Bankers on Deal Flow

Number of pages: 36 Posted: 21 Feb 2008 Last Revised: 26 Oct 2015
Daniel Bradley, Hyung-Suk Choi and Jonathan Clarke
University of South Florida, Hongik University and Georgia Institute of Technology - Scheller College of Business
Downloads 179 (180,535)
Citation 2

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underwriter reputation, human capital, investment banking, investment bankers

19.

Managerial Expectations and the Performance of Acquiring Firms: The Contribution of Soft Data

Number of pages: 48 Posted: 15 Mar 2010
Jim Cicon, Jonathan Clarke, Narayanan Jayaraman and Stephen P. Ferris
University of Central Missouri, Georgia Institute of Technology - Scheller College of Business, Georgia Institute of Technology - Scheller College of Business and University of Missouri at Columbia - Department of Finance
Downloads 165 (193,720)
Citation 2

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Mergers, synergy, soft information

20.

A Structural Model of Analyst Forecasts: Applications to Forecast Informativeness and Dispersion

Number of pages: 63
Jonathan Clarke, Soohun Kim, Kyuseok Lee and Kyoungwon Seo
Georgia Institute of Technology - Scheller College of Business, Georgia Institute of Technology - Scheller College of Business, College of Business, Korea Advanced Institute of Science and Technology (KAIST) and Seoul National University
Downloads 4

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Analyst, herding, EPS forecast, structural model