Bradford Cornell

California Institute of Technology

Professor of Finance

Pasadena, CA 91125

United States

SCHOLARLY PAPERS

41

DOWNLOADS
Rank 549

SSRN RANKINGS

Top 549

in Total Papers Downloads

29,080

CITATIONS
Rank 3,484

SSRN RANKINGS

Top 3,484

in Total Papers Citations

155

Scholarly Papers (41)

1.

Tesla: Anatomy of a Run-Up Value Creation or Investor Sentiment?

Number of pages: 46 Posted: 28 Apr 2014
Bradford Cornell and Aswath Damodaran
California Institute of Technology and New York University - Stern School of Business
Downloads 5,073 (115)

Abstract:

Valuation, Investor Sentiment, Asset Pricing

2.
Downloads 1,266 ( 11,255)
Citation 44

When Is Bad News Really Bad News?

EFA 0071
Number of pages: 37 Posted: 21 Jul 1999
Jennifer S. Conrad, Bradford Cornell and Wayne R. Landsman
University of North Carolina Kenan-Flagler Business School, California Institute of Technology and University of North Carolina Kenan-Flagler Business School
Downloads 1,266 (11,010)
Citation 44

Abstract:

When Is Bad News Really Bad News?

Journal of Finance, Forthcoming
Posted: 19 Aug 2002
Jennifer S. Conrad, Bradford Cornell and Wayne R. Landsman
University of North Carolina Kenan-Flagler Business School, California Institute of Technology and University of North Carolina Kenan-Flagler Business School

Abstract:

When is Bad News Really Bad News?

Journal of Finance, Vol. 57, pp. 2507-2532, 2002
Posted: 30 Jul 2003
Jennifer S. Conrad, Bradford Cornell and Wayne R. Landsman
University of North Carolina Kenan-Flagler Business School, California Institute of Technology and University of North Carolina Kenan-Flagler Business School

Abstract:

3.
Downloads 1,127 ( 13,531)
Citation 24

How do Analyst Recommendations Respond to Major News?

Number of pages: 49 Posted: 15 Apr 2002
University of North Carolina Kenan-Flagler Business School, California Institute of Technology, University of North Carolina Kenan-Flagler Business School and Rice University - Jesse H. Jones Graduate School of Business
Downloads 1,127 (13,255)
Citation 24

Abstract:

Analyst Recommendations

How do Analyst Recommendations Respond to Major News?

Journal of Financial and Quantitative Analysis, Forthcoming
Posted: 21 Apr 2005
University of North Carolina Kenan-Flagler Business School, California Institute of Technology, University of North Carolina Kenan-Flagler Business School and Rice University - Jesse H. Jones Graduate School of Business

Abstract:

Analyst Recommendations

4.

Warren Buffett, Black-Scholes and Long Dated Options

Number of pages: 13 Posted: 16 Jul 2009
Bradford Cornell
California Institute of Technology
Downloads 862 (18,251)

Abstract:

Warren Buffett, Black-Scholes, option pricing

5.

Valuing Intel: A Strange Tale of Analysts and Announcements

Anderson School at UCLA Finance Working Paper No. 33-00
Number of pages: 40 Posted: 12 Dec 2000
Bradford Cornell
California Institute of Technology
Downloads 828 (20,638)
Citation 3

Abstract:

valuation, Intel, volatility, analysts, announcements

6.

Market Efficiency, Crashes and Securities Litigation

Number of pages: 31 Posted: 19 Dec 2005
Bradford Cornell and James Rutten
California Institute of Technology and Munger, Tolles & Olson, LLP
Downloads 543 (37,710)
Citation 4

Abstract:

Securities litigation, Efficient Market Hypothesis

7.

Dividend-Price Ratios and Stock Returns: International Evidence

Number of pages: 15 Posted: 02 Jun 2012
Bradford Cornell
California Institute of Technology
Downloads 495 (38,235)

Abstract:

Dividend-Price Ratio, International, Returns

8.

The Parent Company Puzzle: When is the Whole Worth Less Than One of Its Parts

The Anderson School at UCLA Finance Working Paper #7-00
Number of pages: 41 Posted: 08 Nov 2000
Bradford Cornell and Qiao Liu
California Institute of Technology and The University of Hong Kong - School of Economics and Finance
Downloads 450 (46,154)
Citation 19

Abstract:

9.

Accounting Information, Investor Sentiment, and Market Pricing

Number of pages: 29 Posted: 09 Jun 2014
Bradford Cornell, Wayne R. Landsman and Stephen Stubben
California Institute of Technology, University of North Carolina Kenan-Flagler Business School and University of Utah
Downloads 418 (33,116)

Abstract:

Investor Sentiment, Accruals Quality, Stock Prices, Equity Analysts, Institutional Investors

10.

The Equity Premium Revisited

Number of pages: 11 Posted: 30 Jul 2010 Last Revised: 29 Dec 2016
Bradford Cornell, Robert D. Arnott and Max Moroz
California Institute of Technology, Research Affiliates, LLC and Research Affiliates, LLC
Downloads 416 (50,393)
Citation 2

Abstract:

Equity Premium

11.
Downloads 408 ( 55,094)
Citation 13

A Delegated Agent Asset-Pricing Model

UCLA Finance Working Paper
Number of pages: 29 Posted: 16 Aug 2004
Bradford Cornell and Richard Roll
California Institute of Technology and California Institute of Technology
Downloads 298 (78,824)
Citation 13

Abstract:

Asset pricing

A Delegated Agent Asset-pricing model

UCLA Anderson School of Management, Finance Working Papers Series 3-04
Number of pages: 27 Posted: 18 Jul 2009
Bradford Cornell and Richard Roll
California Institute of Technology and California Institute of Technology
Downloads 110 (199,116)
Citation 13

Abstract:

asset pricing

A Delegated-Agent Asset-Pricing Model

Financial Analysts Journal, Vol. 61, No. 1, pp. 57-69, January/February 2005
Posted: 05 Feb 2005
Bradford Cornell and Richard Roll
California Institute of Technology and California Institute of Technology

Abstract:

Investment Theory, CAPM, APT, and Other Pricing Theories, Portfolio Theory

12.

How Do Analysts Recommendations Respond to Major News?

Number of pages: 49 Posted: 17 Sep 2004
University of North Carolina Kenan-Flagler Business School, California Institute of Technology, University of North Carolina Kenan-Flagler Business School and Rice University - Jesse H. Jones Graduate School of Business
Downloads 394 (56,635)
Citation 24

Abstract:

Analyst recommendations

13.

Do Institutional Investors and Security Analysts Mitigate the Effects of Investor Sentiment?

Number of pages: 33 Posted: 25 May 2011
Bradford Cornell, Wayne R. Landsman and Stephen Stubben
California Institute of Technology, University of North Carolina Kenan-Flagler Business School and University of Utah
Downloads 351 (59,997)

Abstract:

Investor Sentiment, Institutional Investors, Security Analysts

14.

Investment Research: How Much is Enough

Number of pages: 16 Posted: 28 Jul 2009
Bradford Cornell
California Institute of Technology
Downloads 308 (73,808)

Abstract:

Investment Research

15.

The Self-fulfilling Prophecy of Popular Asset Pricing Models

Journal of Investment Management, vol. 14, no. 1, 2016
Posted: 08 Aug 2014 Last Revised: 28 Dec 2016
Jason C. Hsu and Bradford Cornell
Rayliant Global Advisors and California Institute of Technology

Abstract:

asset pricing, expected returns, behavioral finance, discounted cash flows, utility functions

16.

The Divestment Penalty: Estimating the Costs of Fossil Fuel Divestment to Select University Endowments

Number of pages: 20 Posted: 04 Sep 2015
Bradford Cornell
California Institute of Technology
Downloads 213 (49,315)

Abstract:

Investment Divestment

17.

Dividend-Price Ratios and Stock Returns: Another Look at the History

Number of pages: 19 Posted: 31 May 2012
Bradford Cornell
California Institute of Technology
Downloads 202 (111,460)
Citation 1

Abstract:

dividend price ratio, expected returns

18.

Competition in Portfolio Management: Theory and Experiment

Number of pages: 47 Posted: 18 Mar 2010 Last Revised: 03 Dec 2012
University of Utah - David Eccles School of Business, California Institute of Technology, Yale University - Cowles Foundation, California Institute of Technology, California Institute of Technology - Division of the Humanities and Social Sciences and Toulouse Business School
Downloads 194 (111,460)

Abstract:

asset pricing, CAPM, delegated portfolio management, mutual fund flows, experimental finance

19.

Compensation and Recruiting: Private Universities Versus Private Corporations

UCLA Finance Working Paper
Number of pages: 28 Posted: 10 Jun 2002
Bradford Cornell
California Institute of Technology
Downloads 178 (131,856)
Citation 6

Abstract:

20.

Market Efficiency and Securities Litigation: Implications of the Appellate Decision in Thane

Number of pages: 14 Posted: 28 Dec 2010
Bradford Cornell
California Institute of Technology
Downloads 157 (142,452)

Abstract:

finance, law, market efficiency, securities litigation

21.

Beliefs Regarding Fundamental Value and Optimal Investing

Second Singapore International Conference on Finance 2008
Number of pages: 27 Posted: 20 Mar 2008 Last Revised: 10 Jun 2008
Jaksa Cvitanic, Bradford Cornell and Levon Goukasian
California Institute of Technology - Division of the Humanities and Social Sciences, California Institute of Technology and Pepperdine University - Business Division
Downloads 149 (147,877)
Citation 1

Abstract:

Investor beliefs, mispricing, optimal portfolios, range reversion, risk premium

22.

Collateral Damage and Securities Litigation

Number of pages: 38 Posted: 16 Jul 2009
James Rutten and Bradford Cornell
Munger, Tolles & Olson, LLP and California Institute of Technology
Downloads 139 (149,473)

Abstract:

securities, litigation, finance

23.

Information and the Oil Price Collapse

Number of pages: 37 Posted: 26 Mar 2015
Bradford Cornell
California Institute of Technology
Downloads 111 (95,280)

Abstract:

oil price, collapse, information, arrival

24.

The Machinery of Asset Pricing and Its Implications

Number of pages: 23 Posted: 04 Jan 2014
Bradford Cornell
California Institute of Technology
Downloads 94 (180,094)

Abstract:

Asset pricing

25.

Capital Budgeting: A 'General Equilibrium' Analysis

Number of pages: 11 Posted: 17 Oct 2014 Last Revised: 21 Oct 2014
Bradford Cornell
California Institute of Technology
Downloads 90 (176,819)

Abstract:

capital budgeting, discount rates

26.
Downloads 72 (260,192)
Citation 3

Economic Growth and Equity Investing

Number of pages: 31 Posted: 18 Jul 2009 Last Revised: 29 Dec 2015
Bradford Cornell
California Institute of Technology
Downloads 72 (262,904)
Citation 3

Abstract:

Economic Growth, Equity Investing

Economic Growth and Equity Investing

Financial Analysts Journal, Vol. 66, No. 1, 2010
Posted: 18 Feb 2010
Bradford Cornell
California Institute of Technology

Abstract:

Relationship of Economic Activity to the Investment Process, Equity Investments, Fundamental Analysis and Valuation Models

27.

Accounting and Valuation: How Helpful are Recent Accounting Rule Changes?

Journal of Applied Corporate Finance, Vol. 18, No. 4, pp. 44-52, Fall 2006
Number of pages: 11 Posted: 11 Dec 2006
Bradford Cornell and Wayne R. Landsman
California Institute of Technology and University of North Carolina Kenan-Flagler Business School
Downloads 39 (345,772)
Citation 3

Abstract:

28.

Dividends, Stock Repurchases, and Valuation

Journal of Applied Finance , Vol. 15, No. 2, Fall/Winter 2005
Number of pages: 12 Posted: 14 Jun 2006
Bradford Cornell
California Institute of Technology
Downloads 19 (327,117)

Abstract:

29.

The Impact of Analysts' Forecast Errors and Forecast Revisions on Stock Prices

Journal of Business Finance & Accounting, Vol. 35, Issue 5-6, pp. 709-740, June/July 2008
Number of pages: 32 Posted: 18 Jun 2008
Stanford University, California Institute of Technology, University of North Carolina Kenan-Flagler Business School and University of Utah
Downloads 3 (508,790)
Citation 8

Abstract:

30.

Estimating Constant Growth Terminal Values with Inflation

Number of pages: 34 Posted: 21 Dec 2016 Last Revised: 01 Feb 2017
Bradford Cornell and Richard Gerger
California Institute of Technology and San Marino Business Partners LLC
Downloads 0 (420,404)

Abstract:

Valuation, Inflation, DCF, Terminal Value

31.

The Tesla Run-Up: A Follow-Up with Investment Implications

Journal of Portfolio Management, Forthcoming
Number of pages: 11 Posted: 06 Aug 2016
Bradford Cornell
California Institute of Technology
Downloads 0 (108,449)

Abstract:

investments, Tesla, Valuation

32.

The Harm in Selecting Funds that Have Recently Outperformed

Number of pages: 12 Posted: 13 Feb 2016 Last Revised: 28 Feb 2016
Bradford Cornell, Jason C. Hsu and David Nanigian
California Institute of Technology, Rayliant Global Advisors and California State University, Fullerton - Department of Finance
Downloads 0 (6,847)

Abstract:

Asset Management, Investment Consultants, Fund Performance, Mutual Fund Selection

33.

Information Flow and Expected Inflation: An Empirical Analysis

Number of pages: 20 Posted: 20 Dec 2015
Bradford Cornell
California Institute of Technology
Downloads 0 (435,710)

Abstract:

Inflation, Information, Macroeconomic models

34.

Do Valuation Multiples Reflect a Size Effect?

Number of pages: 28 Posted: 01 Oct 2015
Bradford Cornell and Rajiv Gokhale
California Institute of Technology and Compass Lexecon
Downloads 0 (194,336)

Abstract:

Valuation Market Multiples Size Effect

35.

An 'Enhanced' Corporate Valuation Model: Theory and Empirical Tests

Number of pages: 25 Posted: 08 Sep 2015 Last Revised: 29 Sep 2015
Bradford Cornell and Rajiv Gokhale
California Institute of Technology and Compass Lexecon
Downloads 0 (134,541)

Abstract:

Valuation, DCF, Market Multiples

36.

Demographics, GDP and Future Stock Returns: The Implications of Some Basic Principles

Posted: 10 Jun 2012
Bradford Cornell
California Institute of Technology

Abstract:

37.

The Parent Company Puzzle: When is the Whole Worth Less Than One of the Parts?

Journal of Corporate Finance, Vol. 7, pp. 341-366, December 2001
Posted: 15 Apr 2002
Qiao Liu and Bradford Cornell
The University of Hong Kong - School of Economics and Finance and California Institute of Technology

Abstract:

parent company puzzle, taxes, mispricing

38.

Is the Response of Analysts to Information Consistent with Fundamental Valuation? The Case of Intel

Financial Management, Vol. 29, Iss. 4, Winter 2000
Posted: 23 May 2001
Bradford Cornell
California Institute of Technology

Abstract:

39.

Risk, Duration, and Capital Budgeting: New Evidence on Some Old Questions

Journal of Business, Vol. 72, No. 2, April 1999
Posted: 12 Feb 1999
Bradford Cornell
California Institute of Technology

Abstract:

Culture, Information, and Screening Discrimination

JOURNAL OF POLITICAL ECONOMY, Vol. 104, No. 3, June 1996
Posted: 21 Jun 1996
Bradford Cornell and Ivo Welch
California Institute of Technology and UCLA

Abstract:

Culture, Information, and Screening Discrimination

Posted: 02 Feb 1995
Bradford Cornell and Ivo Welch
California Institute of Technology and UCLA

Abstract:

Throwing Good Money After Bad? Cash Infusions and Distressed Real Estate

REAL ESTATE ECONOMICS, Vol. 24 No. 1
Posted: 19 Apr 1996
California Institute of Technology, University of California, Los Angeles (UCLA) - Finance Area and University of California, Los Angeles (UCLA) - Finance Area

Abstract:

Throwing Good Money After Bad? Cash Infusions and Distressed Real Estate

UCLA Working Paper No 4-94
Posted: 18 Jul 1994
California Institute of Technology, University of California, Los Angeles (UCLA) - Finance Area and University of California, Los Angeles (UCLA) - Finance Area

Abstract: