Brad M. Barber

University of California, Davis

Gallagher Professor of Finance

Graduate School of Management

One Shields Avenue

Davis, CA 95616

United States

SCHOLARLY PAPERS

49

DOWNLOADS
Rank 172

SSRN RANKINGS

Top 172

in Total Papers Downloads

55,460

CITATIONS
Rank 107

SSRN RANKINGS

Top 107

in Total Papers Citations

2,544

Scholarly Papers (49)

1.

The Behavior of Individual Investors

Number of pages: 54 Posted: 27 Jun 2011 Last Revised: 06 Jan 2012
Brad M. Barber and Terrance Odean
University of California, Davis and University of California, Berkeley - Haas School of Business
Downloads 7,503 (328)
Citation 13

Abstract:

individual investors

All that Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors

EFA 2005 Moscow Meetings Paper
Number of pages: 51 Posted: 20 Jun 2005
Brad M. Barber and Terrance Odean
University of California, Davis and University of California, Berkeley - Haas School of Business
Downloads 4,078 (1,567)
Citation 349

Abstract:

attention, news, investor behavior, individual investors, behavioral finance, behavioral biases

All that Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors

Review of Financial Studies, Vol. 21, No. 2, pp. 785-818, 2008
Posted: 26 Jun 2008
Brad M. Barber and Terrance Odean
University of California, Davis and University of California, Berkeley - Haas School of Business

Abstract:

The Courage of Misguided Convictions: The Trading Behavior of Individual Investors

Number of pages: 37 Posted: 12 Apr 2000
Brad M. Barber and Terrance Odean
University of California, Davis and University of California, Berkeley - Haas School of Business
Downloads 3,500 (2,041)
Citation 33

Abstract:

The Courage of Misguided Convictions: The Trading Behavior of Individual Investors

Financial Analyst Journal, Vol. 55, Issue 6, 1999
Posted: 12 Apr 2000
Brad M. Barber and Terrance Odean
University of California, Davis and University of California, Berkeley - Haas School of Business

Abstract:

4.

Do Noise Traders Move Markets?

EFA 2006 Zurich Meetings Paper
Number of pages: 47 Posted: 15 Dec 2005
Brad M. Barber, Terrance Odean and Ning Zhu
University of California, Davis, University of California, Berkeley - Haas School of Business and China Academy of Financial Research (CAFR)
Downloads 2,958 (2,514)
Citation 43

Abstract:

Behavioral Finance, Asset Pricing, Market Efficiency

Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors

Number of pages: 34 Posted: 12 Apr 2000
Brad M. Barber and Terrance Odean
University of California, Davis and University of California, Berkeley - Haas School of Business
Downloads 2,855 (2,961)
Citation 449

Abstract:

Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors

Journal of Finance, Vol. 55, Issue 2, April 2000
Posted: 12 Apr 2000
Brad M. Barber and Terrance Odean
University of California, Davis and University of California, Berkeley - Haas School of Business

Abstract:

6.

The Cross-Section of Speculator Skill: Evidence from Day Trading

Number of pages: 44 Posted: 15 Apr 2004 Last Revised: 24 Feb 2013
Brad M. Barber, Yi-Tsung Lee, Yu-Jane Liu and Terrance Odean
University of California, Davis, Peking University - Guanghua School of Management, National Chengchi University (NCCU) - Department of Finance and Banking and University of California, Berkeley - Haas School of Business
Downloads 2,665 (3,049)
Citation 12

Abstract:

day traders, individual investors, market efficiency

7.

Can Investors Profit from the Prophets? Consensus Analyst Recommendations and Stock Returns

Number of pages: 47 Posted: 04 Nov 1998
University of California, Davis, University of Michigan, Stephen M. Ross School of Business, Stanford University and University of California, Los Angeles (UCLA) - Anderson School of Management
Downloads 2,463 (3,659)
Citation 188

Abstract:

8.

Do (Some) University Endowments Earn Alpha?

Number of pages: 62 Posted: 15 Dec 2011 Last Revised: 07 May 2013
Brad M. Barber and Guojun Wang
University of California, Davis and Tongji University
Downloads 2,207 (3,945)
Citation 1

Abstract:

University Endowments, Institutional Investors, Private Equity, Hedge Funds

9.

Monitoring the Monitor: Evaluating CalPERS' Activism

Number of pages: 27 Posted: 24 Mar 2006
Brad M. Barber
University of California, Davis
Downloads 2,043 (4,773)
Citation 30

Abstract:

shareholder activism, CalPERS, corporate governance, socially responsible investing

Boys will be Boys: Gender, Overconfidence, and Common Stock Investment

Number of pages: 39 Posted: 12 Nov 1998
Brad M. Barber and Terrance Odean
University of California, Davis and University of California, Berkeley - Haas School of Business
Downloads 1,966 (5,584)
Citation 397

Abstract:

Boys Will Be Boys: Gender, Overconfidence, and Common Stock Investment

Quarterly Journal of Economics, 2000
Posted: 20 Apr 2000
Brad M. Barber and Terrance Odean
University of California, Davis and University of California, Berkeley - Haas School of Business

Abstract:

11.

Which Factors Matter to Investors? Evidence from Mutual Fund Flows

Number of pages: 77 Posted: 14 Mar 2014 Last Revised: 16 Jun 2016
Brad M. Barber, Xing Huang and Terrance Odean
University of California, Davis, Michigan State University - Broad College of Business and University of California, Berkeley - Haas School of Business
Downloads 1,674 (7,621)

Abstract:

mutual fund flows, investor behavior

12.

Systematic Noise

AFA 2004 San Diego Meetings, EFA 2005 Moscow Meetings Paper
Number of pages: 33 Posted: 14 Aug 2005
Brad M. Barber, Terrance Odean and Ning Zhu
University of California, Davis, University of California, Berkeley - Haas School of Business and China Academy of Financial Research (CAFR)
Downloads 1,658 (7,277)
Citation 71

Abstract:

Noise trading, herding, individual investors,

13.

Prophets and Losses: Reassessing the Returns to Analysts' Stock Recommendations

Number of pages: 19 Posted: 18 May 2001
University of California, Davis, University of Michigan, Stephen M. Ross School of Business, Stanford University and University of California, Los Angeles (UCLA) - Anderson School of Management
Downloads 1,628 (7,497)
Citation 30

Abstract:

14.

Out of Sight, Out of Mind: The Effects of Expenses on Mutual Fund Flows

Number of pages: 36 Posted: 03 May 2004
Brad M. Barber, Terrance Odean and Lu Zheng
University of California, Davis, University of California, Berkeley - Haas School of Business and University of California, Irvine - Paul Merage School of Business
Downloads 1,622 (6,143)
Citation 123

Abstract:

mutual funds, investor behavior, operating expenses

Comparing the Stock Recommendation Performance of Investment Banks and Independent Research Firms

Number of pages: 43 Posted: 04 Aug 2004
Brad M. Barber, Reuven Lehavy and Brett Trueman
University of California, Davis, University of Michigan, Stephen M. Ross School of Business and University of California, Los Angeles (UCLA) - Anderson School of Management
Downloads 1,425 (9,665)
Citation 71

Abstract:

Analyst, recommendation, investment bank, broker, independent research, Global Analyst Research Settlement, accounting, stock recommendation performance, independent research firms

Comparing the Stock Recommendation Performance of Investment Banks and Independent Research Firms

Journal of Financial Economics, Forthcoming
Posted: 15 Dec 2005
Brad M. Barber, Reuven Lehavy and Brett Trueman
University of California, Davis, University of Michigan, Stephen M. Ross School of Business and University of California, Los Angeles (UCLA) - Anderson School of Management

Abstract:

Analyst, recommendation, investment bank, independent research, Global Research Analyst Settlement

Buys, Holds, and Sells: The Distribution of Investment Banks' Stock Ratings and the Implications for the Profitability of Analysts' Recommendations

Number of pages: 52 Posted: 06 Feb 2004
University of California, Davis, University of Michigan, Stephen M. Ross School of Business, Stanford University and University of California, Los Angeles (UCLA) - Anderson School of Management
Downloads 1,093 (14,745)
Citation 59

Abstract:

Analyst, investment bank, broker, stock ratings, recommendations, NASD 2711

Buys, Holds, and Sells: The Distribution of Investment Banks' Stock Ratings and the Implications for the Profitability of Analysts' Recommendations

Number of pages: 52 Posted: 17 May 2006
University of California, Davis, University of Michigan, Stephen M. Ross School of Business, Stanford University and University of California, Los Angeles (UCLA) - Anderson School of Management
Downloads 297 (83,414)
Citation 59

Abstract:

accounting, investment banks, stock ratings, profitability

Buys, Holds, and Sells: The Distribution of Investment Banks' Stock Ratings and the Implications for the Profitability of Analysts' Recommendations

Journal of Accounting & Economics (JAE), Forthcoming
Posted: 01 Mar 2006
University of California, Davis, University of Michigan, Stephen M. Ross School of Business, Stanford University and University of California, Los Angeles (UCLA) - Anderson School of Management

Abstract:

Analyst, investment bank, broker, stock ratings, recommendations, NASD 2711

17.
Downloads 1,389 ( 10,280)
Citation 83

Just How Much Do Individual Investors Lose By Trading?

AFA 2006 Boston Meetings Paper, EFA 2005 Moscow Meetings Paper
Number of pages: 30 Posted: 02 Sep 2005
Brad M. Barber, Yi-Tsung Lee, Yu-Jane Liu and Terrance Odean
University of California, Davis, Peking University - Guanghua School of Management, National Chengchi University (NCCU) - Department of Finance and Banking and University of California, Berkeley - Haas School of Business
Downloads 1,389 (10,074)
Citation 83

Abstract:

market efficiency, individual investors, institutional investors, information asymmetry

Just How Much Do Individual Investors Lose by Trading?

The Review of Financial Studies, Vol. 22, No. 2, pp. 609-632, 2009
Posted: 25 Jan 2009
Brad M. Barber, Yi-Tsung Lee, Yu-Jane Liu and Terrance Odean
University of California, Davis, Peking University - Guanghua School of Management, National Chengchi University (NCCU) - Department of Finance and Banking and University of California, Berkeley - Haas School of Business

Abstract:

G11, G14, G15, H31

18.

Holding Size While Improving Power in Tests of Long-Run Abnormal Stock Returns

Number of pages: 35 Posted: 02 Dec 1996
Brad M. Barber, Richard Lyon and Chih-Ling Tsai
University of California, Davis, affiliation not provided to SSRN and University of California, Davis - Graduate School of Management
Downloads 1,165 (13,369)
Citation 11

Abstract:

19.

Online Investors: Do the Slow Die First?

EFA 0335
Number of pages: 47 Posted: 12 Apr 2000
Brad M. Barber and Terrance Odean
University of California, Davis and University of California, Berkeley - Haas School of Business
Downloads 932 (18,454)
Citation 86

Abstract:

20.

Brokerage Houses and their Stock Recommendations: Does Superior Performance Persist?

Number of pages: 41 Posted: 04 Nov 1999
Brad M. Barber, Reuven Lehavy and Brett Trueman
University of California, Davis, University of Michigan, Stephen M. Ross School of Business and University of California, Los Angeles (UCLA) - Anderson School of Management
Downloads 792 (23,783)
Citation 4

Abstract:

21.

The Common Stock Investment Performance of Individual Investors

Number of pages: 47 Posted: 01 Jun 1998
Brad M. Barber and Terrance Odean
University of California, Davis and University of California, Berkeley - Haas School of Business
Downloads 755 (23,453)
Citation 420

Abstract:

22.

Ratings Changes, Ratings Levels, and the Predictive Value of Analysts' Recommendations

Financial Management, Forthcoming
Number of pages: 37 Posted: 24 Dec 2007 Last Revised: 18 Sep 2009
Brad M. Barber, Reuven Lehavy and Brett Trueman
University of California, Davis, University of Michigan, Stephen M. Ross School of Business and University of California, Los Angeles (UCLA) - Anderson School of Management
Downloads 729 (25,228)
Citation 8

Abstract:

analysts, ratings, recommendations, changes, levels, returns

23.

Once Burned, Twice Shy: How Naïve Learning, Counterfactuals, and Regret Affect the Repurchase of Stocks Previously Sold

Number of pages: 42 Posted: 16 Sep 2005 Last Revised: 07 Aug 2010
University of California, Berkeley - Haas School of Business, Victoria University and University of California, Davis
Downloads 676 (27,503)
Citation 13

Abstract:

Behavioral finance, prospect theory, disposition effect, individual investors

24.

The Earnings Announcement Premium Around the Globe

Number of pages: 49 Posted: 26 Jun 2011 Last Revised: 31 May 2012
University of California, Davis, London Business School, University of Michigan, Stephen M. Ross School of Business and University of California, Los Angeles (UCLA) - Anderson School of Management
Downloads 566 (31,877)
Citation 4

Abstract:

earnings announcement premium, international, attention

Too Many Cooks Spoil the Profits: Investment Club Performance

Number of pages: 22 Posted: 12 Apr 2000
Brad M. Barber and Terrance Odean
University of California, Davis and University of California, Berkeley - Haas School of Business
Downloads 437 (52,823)
Citation 10

Abstract:

Too Many Cooks Spoil the Profits: Investment Club Performance

Financial Analyst Journal, Vol. 56, Issue 1, 2000
Posted: 12 Apr 2000
Brad M. Barber and Terrance Odean
University of California, Davis and University of California, Berkeley - Haas School of Business

Abstract:

26.

Is the Aggregate Investor Reluctant to Realize Losses? Evidence from Taiwan

Number of pages: 37 Posted: 16 Nov 2006
Brad M. Barber, Yi-Tsung Lee, Yu-Jane Liu and Terrance Odean
University of California, Davis, Peking University - Guanghua School of Management, National Chengchi University (NCCU) - Department of Finance and Banking and University of California, Berkeley - Haas School of Business
Downloads 364 (63,452)
Citation 17

Abstract:

Disposition effect, behavioral finance, investor behavior

27.

Interim Fund Performance and Fundraising in Private Equity

Number of pages: 60 Posted: 23 Nov 2013 Last Revised: 04 Jul 2016
Brad M. Barber and Ayako Yasuda
University of California, Davis and University of California, Davis - Graduate School of Management
Downloads 270 (43,530)

Abstract:

private equity, venture capital, buyouts, fundraising, fund evaluation, fund returns, institutional investors

28.

Made Poorer by Choice: Worker Outcomes in Social Security vs. Private Retirement Accounts

Number of pages: 39 Posted: 01 Oct 2012 Last Revised: 07 Jul 2016
Javed Ahmed, Brad M. Barber and Terrance Odean
Board of Governors of the Federal Reserve System, University of California, Davis and University of California, Berkeley - Haas School of Business
Downloads 260 (55,061)

Abstract:

Social Security, Private Retirement Accounts, Behavioral Finance

29.

Women Faculty in US Business Schools

Number of pages: 26 Posted: 18 Oct 2009 Last Revised: 19 Nov 2009
Brad M. Barber and Donald Palmer
University of California, Davis and University of California, Davis - Graduate School of Management
Downloads 88 (222,862)

Abstract:

gender, faculty, business schools

30.

Do Day Traders Rationally Learn About Their Ability?

Number of pages: 35 Posted: 09 Dec 2014
Brad M. Barber, Yi-Tsung Lee, Yu-Jane Liu and Terrance Odean
University of California, Davis, Peking University - Guanghua School of Management, Peking University - Guanghua School of Management and University of California, Berkeley - Haas School of Business
Downloads 45 (136,519)
Citation 2

Abstract:

learning, day traders, day trading, individual investors, Taiwan

31.

Is the Aggregate Investor Reluctant to Realise Losses? Evidence from Taiwan

European Financial Management, Vol. 13, No. 3, pp. 423-447, June 2007
Number of pages: 25 Posted: 24 May 2007
Brad M. Barber, Yi-Tsung Lee, Yu-Jane Liu and Terrance Odean
University of California, Davis, Peking University - Guanghua School of Management, National Chengchi University (NCCU) - Department of Finance and Banking and University of California, Berkeley - Haas School of Business
Downloads 14 (472,071)
Citation 17
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Abstract:

32.

Gender Diversity in Investment Management: New Research for Practitioners on How to Close the Gender Gap

CFA Institute Research Foundation 2016B - 5
Number of pages: 16 Posted: 31 May 2017
CFA Institute, University of New South Wales, Department of Banking and Finance, University of California, Davis and University of California, Berkeley - Haas School of Business
Downloads 0 (370,345)

Abstract:

33.

STEM Parents and Women in Finance

Number of pages: 31 Posted: 30 May 2017 Last Revised: 18 Jul 2017
Renee B. Adams, Brad M. Barber and Terrance Odean
University of New South Wales, Department of Banking and Finance, University of California, Davis and University of California, Berkeley - Haas School of Business
Downloads 0 (319,836)

Abstract:

Women, Gender, Finance, CFA, Investment Industry

34.

The Math Gender Gap and Women's Career Outcomes

Number of pages: 32 Posted: 16 Mar 2017
Renee B. Adams, Brad M. Barber and Terrance Odean
University of New South Wales, Department of Banking and Finance, University of California, Davis and University of California, Berkeley - Haas School of Business
Downloads 0 (242,304)

Abstract:

math gender gap, gender representation, female labor force

35.

Family, Values, and Women in Finance

Number of pages: 33 Posted: 23 Aug 2016 Last Revised: 08 Mar 2017
Renee B. Adams, Brad M. Barber and Terrance Odean
University of New South Wales, Department of Banking and Finance, University of California, Davis and University of California, Berkeley - Haas School of Business
Downloads 0 (70,363)

Abstract:

Finance; Women; CFA; Investment Industry; Values; Tradition; Selection

36.

Impact Investing

Number of pages: 57 Posted: 20 Dec 2015 Last Revised: 25 Jan 2017
Brad M. Barber, Adair Morse and Ayako Yasuda
University of California, Davis, University of California, Berkeley - Haas School of Business and University of California, Davis - Graduate School of Management
Downloads 0 (48,258)

Abstract:

Venture Capital, private equity, impact investment, socially responsible investment, UN principles of responsible investment, sustainable investing, corporate social responsibility.

37.

Made Poorer by Choice: Worker Outcomes in Social Security v. Private Retirement Accounts

Posted: 11 May 2013
Javed Ahmed, Brad M. Barber and Terrance Odean
Board of Governors of the Federal Reserve System, University of California, Davis and University of California, Berkeley - Haas School of Business

Abstract:

Social Security, private retirement accounts, behavioral finance

38.

Do Retail Trades Move Markets?

The Review of Financial Studies, Vol. 22, No. 1, pp. 151-186, 2009
Posted: 03 Jan 2009
Brad M. Barber, Terrance Odean and Ning Zhu
University of California, Davis, University of California, Berkeley - Haas School of Business and China Academy of Financial Research (CAFR)

Abstract:

G11, G12, G14

39.

Are Individual Investors Tax Savvy? Evidence from Retail and Discount Brokerage Accounts

Journal of Public Economics, Vol. 88, No. 1-2, pp. 419-442, January 2004
Posted: 15 Apr 2004
Brad M. Barber and Terrance Odean
University of California, Davis and University of California, Berkeley - Haas School of Business

Abstract:

Aasset location, asset allocation, portfolio choice, taxation

40.

Good Reasons Sell: Reason-Based Choice Among Group and Individual Investors in the Stock Market

Management Science, Vol. 49, No. 12, pp. 1636-1652, December 2003
Posted: 15 Apr 2004
Brad M. Barber, Chip Heath and Terrance Odean
University of California, Davis, Stanford Graduate School of Business and University of California, Berkeley - Haas School of Business

Abstract:

Reason-based choice, group decision making, group polarization

41.

Reassessing the Returns to Analysts' Stock Recommendations

Financial Analysts Journal, Vol. 59, No. 2, March/April 2003
Posted: 20 May 2003
University of California, Davis, University of Michigan, Stephen M. Ross School of Business, Stanford University and University of California, Los Angeles (UCLA) - Anderson School of Management

Abstract:

Equity Investments: fundamental analysis and valuation models

42.

Noise Trader Risk, Odd-Lot Trading, and Security Returns

Posted: 07 Sep 1999
Brad M. Barber
University of California, Davis

Abstract:

43.

Detecting Abnormal Operating Performance: The Empirical Power and Specification of Test Statistics

Posted: 26 Aug 1999
Brad M. Barber and John D. Lyon
University of California, Davis and The University of Melbourne, Department of Accounting and Business Information Systems

Abstract:

44.

Firm Size, Book-to-Market Ratio, and Security Returns: A Holdout Sample of Financial Firms

Posted: 03 Jul 1998
Brad M. Barber and John D. Lyon
University of California, Davis and The University of Melbourne, Department of Accounting and Business Information Systems

Abstract:

45.

Product Reliability and Firm Value: The Experience of American and Japanese Automakers, 1973-1992

J. OF POLITICAL ECONOMY
Posted: 03 Jul 1998
Brad M. Barber and Masako N. Darrough
University of California, Davis and City University of New York - Baruch College - Stan Ross Department of Accountancy

Abstract:

46.

Detecting Long-Run Abnormal Stock Returns: The Empirical Power and Specification of Test Statistics

Posted: 09 May 1998
Brad M. Barber and John D. Lyon
University of California, Davis and The University of Melbourne, Department of Accounting and Business Information Systems

Abstract:

47.

How Can Long-Run Abnormal Stock Returns be Both Positively and Negatively Biased?

Posted: 09 May 1998
Brad M. Barber and John D. Lyon
University of California, Davis and The University of Melbourne, Department of Accounting and Business Information Systems

Abstract:

48.

Improved Methods for Tests of Long-Run Abnormal Stock Returns

Posted: 08 Oct 1997
Brad M. Barber and Chih-Ling Tsai
University of California, Davis and University of California, Davis - Graduate School of Management

Abstract:

49.

Forecasting the Discounts of Market Prices from Appraised Values for Real Estate Limited Partnerships

REAL ESTATE ECONOMICS, Vol. 24 No. 4 Winter 1996
Posted: 22 Mar 1996
Brad M. Barber
University of California, Davis

Abstract: