Bradford Cornell

Anderson Graduate School of Management, UCLA

Professor of Finance

Pasadena, CA 91125

United States

SCHOLARLY PAPERS

51

DOWNLOADS
Rank 296

SSRN RANKINGS

Top 296

in Total Papers Downloads

52,433

SSRN CITATIONS
Rank 10,586

SSRN RANKINGS

Top 10,586

in Total Papers Citations

44

CROSSREF CITATIONS

49

Scholarly Papers (51)

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
Anderson Graduate School of Management, UCLA and New York University - Stern School of Business
Downloads 33,666 (48)
Citation 2

Abstract:

Loading...

Valuation, Investor Sentiment, Asset Pricing

2.

The Big Market Delusion: Valuation and Investment Implications

Number of pages: 38 Posted: 23 Dec 2019
Bradford Cornell and Aswath Damodaran
Anderson Graduate School of Management, UCLA and New York University - Stern School of Business
Downloads 2,980 (3,842)

Abstract:

Loading...

Pricing, Value, Bubbles, Venture Capital

3.

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
Anderson Graduate School of Management, UCLA, Rayliant Global Advisors and California State University, Fullerton - Department of Finance
Downloads 2,348 (5,764)
Citation 1

Abstract:

Loading...

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

4.
Downloads 1,296 ( 15,177)

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, Anderson Graduate School of Management, UCLA and University of North Carolina Kenan-Flagler Business School
Downloads 1,296 (14,872)
Citation 4

Abstract:

Loading...

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, Anderson Graduate School of Management, UCLA and University of North Carolina Kenan-Flagler Business School

Abstract:

Loading...

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, Anderson Graduate School of Management, UCLA and University of North Carolina Kenan-Flagler Business School

Abstract:

Loading...

5.
Downloads 1,169 ( 17,765)
Citation 13

How Do Analyst Recommendations Respond to Major News?

Number of pages: 49 Posted: 15 Apr 2002
University of North Carolina Kenan-Flagler Business School, Anderson Graduate School of Management, UCLA, University of North Carolina Kenan-Flagler Business School and Rice University - Jesse H. Jones Graduate School of Business
Downloads 1,169 (17,437)
Citation 13

Abstract:

Loading...

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, Anderson Graduate School of Management, UCLA, University of North Carolina Kenan-Flagler Business School and Rice University - Jesse H. Jones Graduate School of Business

Abstract:

Loading...

Analyst Recommendations

6.

Accounting Information, Investor Sentiment, and Market Pricing

Journal of Law, Finance, and Accounting (JLFA) , Forthcoming
Number of pages: 31 Posted: 09 Jun 2014 Last Revised: 07 Mar 2017
Bradford Cornell, Wayne R. Landsman and Stephen Stubben
Anderson Graduate School of Management, UCLA, University of North Carolina Kenan-Flagler Business School and University of Utah
Downloads 1,077 (20,084)
Citation 2

Abstract:

Loading...

Investor Sentiment, Accruals Quality, Stock Prices, Equity Analysts

7.

Warren Buffett, Black-Scholes and Long Dated Options

Number of pages: 13 Posted: 16 Jul 2009
Bradford Cornell
Anderson Graduate School of Management, UCLA
Downloads 1,068 (20,306)
Citation 1

Abstract:

Loading...

Warren Buffett, Black-Scholes, option pricing

8.

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
Anderson Graduate School of Management, UCLA
Downloads 886 (26,694)
Citation 3

Abstract:

Loading...

valuation, Intel, volatility, analysts, announcements

9.

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

Number of pages: 20 Posted: 04 Sep 2015
Bradford Cornell
Anderson Graduate School of Management, UCLA
Downloads 659 (40,073)
Citation 3

Abstract:

Loading...

Investment Divestment

10.

Market Efficiency, Crashes and Securities Litigation

Number of pages: 31 Posted: 19 Dec 2005
Bradford Cornell and James Rutten
Anderson Graduate School of Management, UCLA and Munger, Tolles & Olson, LLP
Downloads 577 (47,855)
Citation 3

Abstract:

Loading...

Securities litigation, Efficient Market Hypothesis

11.

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
Anderson Graduate School of Management, UCLA and The University of Hong Kong - School of Economics and Finance
Downloads 518 (55,008)
Citation 11

Abstract:

Loading...

12.

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
Anderson Graduate School of Management, UCLA, Research Affiliates, LLC and Research Affiliates, LLC
Downloads 504 (56,791)
Citation 2

Abstract:

Loading...

Equity Premium

13.

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
Anderson Graduate School of Management, UCLA
Downloads 465 (62,768)

Abstract:

Loading...

investments, Tesla, Valuation

14.
Downloads 445 ( 66,151)
Citation 10

A Delegated Agent Asset-Pricing Model

UCLA Finance Working Paper
Number of pages: 29 Posted: 16 Aug 2004
Bradford Cornell and Richard Roll
Anderson Graduate School of Management, UCLA and California Institute of Technology
Downloads 321 (96,118)
Citation 10

Abstract:

Loading...

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
Anderson Graduate School of Management, UCLA and California Institute of Technology
Downloads 124 (235,548)

Abstract:

Loading...

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
Anderson Graduate School of Management, UCLA and California Institute of Technology

Abstract:

Loading...

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

15.

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
Anderson Graduate School of Management, UCLA, University of North Carolina Kenan-Flagler Business School and University of Utah
Downloads 428 (69,378)
Citation 5

Abstract:

Loading...

Investor Sentiment, Institutional Investors, Security Analysts

16.

How Do Analysts Recommendations Respond to Major News?

Number of pages: 49 Posted: 17 Sep 2004
University of North Carolina Kenan-Flagler Business School, Anderson Graduate School of Management, UCLA, University of North Carolina Kenan-Flagler Business School and Rice University - Jesse H. Jones Graduate School of Business
Downloads 415 (72,079)

Abstract:

Loading...

Analyst recommendations

17.

Passive Investing and Market Efficiency

Number of pages: 8 Posted: 21 Jun 2017
Bradford Cornell
Anderson Graduate School of Management, UCLA
Downloads 409 (73,385)

Abstract:

Loading...

Passive Investing Market Efficiency

18.

Medallion Fund: The Ultimate Counterexample?

Number of pages: 8 Posted: 07 Jan 2020
Bradford Cornell
Anderson Graduate School of Management, UCLA
Downloads 358 (85,554)

Abstract:

Loading...

Medallion, Investment Performance, Market Efficiency

19.

Investment Research: How Much is Enough

Number of pages: 16 Posted: 28 Jul 2009
Bradford Cornell
Anderson Graduate School of Management, UCLA
Downloads 330 (93,813)

Abstract:

Loading...

Investment Research

20.

Information and the Oil Price Collapse

Number of pages: 37 Posted: 26 Mar 2015
Bradford Cornell
Anderson Graduate School of Management, UCLA
Downloads 269 (116,962)

Abstract:

Loading...

oil price, collapse, information, arrival

21.

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
Anderson Graduate School of Management, UCLA and Compass Lexecon
Downloads 264 (119,283)

Abstract:

Loading...

Valuation, DCF, Market Multiples

22.

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, University of Melbourne - Department of Finance, Yale University - Cowles Foundation, Anderson Graduate School of Management, UCLA, California Institute of Technology - Division of the Humanities and Social Sciences and Toulouse Business School
Downloads 248 (127,298)
Citation 5

Abstract:

Loading...

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

23.

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

Number of pages: 19 Posted: 31 May 2012
Bradford Cornell
Anderson Graduate School of Management, UCLA
Downloads 238 (132,670)
Citation 2

Abstract:

Loading...

dividend price ratio, expected returns

Capital Budgeting: A 'General Equilibrium' Analysis

Number of pages: 11 Posted: 17 Oct 2014 Last Revised: 21 Oct 2014
Bradford Cornell
Anderson Graduate School of Management, UCLA
Downloads 159 (192,297)

Abstract:

Loading...

capital budgeting, discount rates

Capital Budgeting: A 'General Equilibrium' Analysis

Journal of Financial Perspectives, Vol. 3, No. 1, 2015
Number of pages: 12 Posted: 04 Dec 2017
Bradford Cornell
Anderson Graduate School of Management, UCLA
Downloads 57 (382,758)

Abstract:

Loading...

25.

Do Valuation Multiples Reflect a Size Effect?

Number of pages: 28 Posted: 01 Oct 2015
Bradford Cornell and Rajiv Gokhale
Anderson Graduate School of Management, UCLA and Compass Lexecon
Downloads 199 (157,468)

Abstract:

Loading...

Valuation Market Multiples Size Effect

26.

Compensation and Recruiting: Private Universities Versus Private Corporations

UCLA Finance Working Paper
Number of pages: 28 Posted: 10 Jun 2002
Bradford Cornell
Anderson Graduate School of Management, UCLA
Downloads 186 (167,462)
Citation 3

Abstract:

Loading...

27.

Estimating Terminal Values with Inflation: The Inputs Matter – It Is Not a Formulaic Exercise

Number of pages: 22 Posted: 28 Aug 2017 Last Revised: 06 Nov 2017
Bradford Cornell and Richard Gerger
Anderson Graduate School of Management, UCLA and San Marino Business Partners LLC
Downloads 176 (176,006)
Citation 1

Abstract:

Loading...

DCF Valuation, Terminal Value

28.

Collateral Damage and Securities Litigation

Number of pages: 38 Posted: 16 Jul 2009
James Rutten and Bradford Cornell
Munger, Tolles & Olson, LLP and Anderson Graduate School of Management, UCLA
Downloads 176 (176,006)

Abstract:

Loading...

securities, litigation, finance

29.

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

Number of pages: 14 Posted: 28 Dec 2010
Bradford Cornell
Anderson Graduate School of Management, UCLA
Downloads 175 (176,895)

Abstract:

Loading...

finance, law, market efficiency, securities litigation

30.

The Machinery of Asset Pricing and Its Implications

Number of pages: 23 Posted: 04 Jan 2014
Bradford Cornell
Anderson Graduate School of Management, UCLA
Downloads 145 (207,389)
Citation 1

Abstract:

Loading...

Asset pricing

31.

A Note on Estimating Constant Growth Terminal Values with Inflation

Number of pages: 8 Posted: 25 May 2017
Bradford Cornell and Richard Gerger
Anderson Graduate School of Management, UCLA and San Marino Business Partners LLC
Downloads 121 (238,859)
Citation 1

Abstract:

Loading...

Valuation Inflation Constant Growth Model

32.

Presidential Politics and Stock Returns

Number of pages: 13 Posted: 29 Apr 2017
Robert D. Arnott, Bradford Cornell and Vitali Kalesnik
Research Affiliates, LLC, Anderson Graduate School of Management, UCLA and Research Affiliates LLC
Downloads 115 (248,060)

Abstract:

Loading...

Politics Stock Returns

33.
Downloads 90 (292,660)

Economic Growth and Equity Investing

Number of pages: 31 Posted: 18 Jul 2009 Last Revised: 29 Dec 2015
Bradford Cornell
Anderson Graduate School of Management, UCLA
Downloads 90 (295,009)

Abstract:

Loading...

Economic Growth, Equity Investing

Economic Growth and Equity Investing

Financial Analysts Journal, Vol. 66, No. 1, 2010
Posted: 18 Feb 2010
Bradford Cornell
Anderson Graduate School of Management, UCLA

Abstract:

Loading...

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

34.

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
Anderson Graduate School of Management, UCLA
Downloads 70 (339,551)

Abstract:

Loading...

35.

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
Anderson Graduate School of Management, UCLA and University of North Carolina Kenan-Flagler Business School
Downloads 40 (437,580)
  • Add to Cart

Abstract:

Loading...

36.

Energy and Investing

Number of pages: 79 Posted: 01 Apr 2019
Bradford Cornell
Anderson Graduate School of Management, UCLA
Downloads 39 (441,790)

Abstract:

Loading...

renewable energy, finance

37.

Stock Characteristics and Stock Returns: A Skeptic’s Look at the Cross-Section of Returns

Number of pages: 25 Posted: 20 Nov 2019 Last Revised: 23 Dec 2019
Bradford Cornell
Anderson Graduate School of Management, UCLA
Downloads 34 (463,133)

Abstract:

Loading...

stock characteristics, stock returns, asset pricing

38.

Consistent Treatment of Inflation in Discounted Cash Flow Valuation

Number of pages: 20 Posted: 14 Aug 2019
Bradford Cornell and Richard Gerger
Anderson Graduate School of Management, UCLA and R&T Capital, LLC
Downloads 25 (508,616)

Abstract:

Loading...

valuation inflation

39.

How Efficient is Sufficient: Applying the Concept of Market Efficiency in Litigation

The Business Lawyer, Vol. 74, Spring 2019
Number of pages: 18 Posted: 16 Jan 2020
Bradford Cornell and John Haut
Anderson Graduate School of Management, UCLA and Compass Lexecon
Downloads 6 (627,453)

Abstract:

Loading...

Market Efficiency, Litigation, Law and Economics

40.

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, Anderson Graduate School of Management, UCLA, University of North Carolina Kenan-Flagler Business School and University of Utah
Downloads 3 (649,278)
Citation 2
  • Add to Cart

Abstract:

Loading...

41.

Dividend-Price Ratios and Stock Returns: International Evidence

Posted: 21 May 2019
Bradford Cornell
Anderson Graduate School of Management, UCLA

Abstract:

Loading...

Dividend-Price Ratio, International, Returns

42.

Information Flow and Expected Inflation: An Empirical Analysis

Posted: 21 May 2019
Bradford Cornell
Anderson Graduate School of Management, UCLA

Abstract:

Loading...

Inflation, Information, Macroeconomic models

43.

What is the Alternative Hypothesis to Market Efficiency?

Posted: 08 May 2018
Bradford Cornell
Anderson Graduate School of Management, UCLA
Downloads 0 (687,804)

Abstract:

Loading...

Efficient Markets, Behavioral Finance

44.

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 Anderson Graduate School of Management, UCLA

Abstract:

Loading...

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

45.

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

Posted: 10 Jun 2012
Bradford Cornell
Anderson Graduate School of Management, UCLA

Abstract:

Loading...

46.

Beliefs Regarding Fundamental Value and Optimal Investing

Second Singapore International Conference on Finance 2008
Posted: 20 Mar 2008 Last Revised: 09 Feb 2019
Jaksa Cvitanic, Bradford Cornell and Levon Goukasian
California Institute of Technology - Division of the Humanities and Social Sciences, Anderson Graduate School of Management, UCLA and Pepperdine University - Business Division

Abstract:

Loading...

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

47.

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 Anderson Graduate School of Management, UCLA

Abstract:

Loading...

parent company puzzle, taxes, mispricing

48.

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
Anderson Graduate School of Management, UCLA

Abstract:

Loading...

49.

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
Anderson Graduate School of Management, UCLA

Abstract:

Loading...

Culture, Information, and Screening Discrimination

JOURNAL OF POLITICAL ECONOMY, Vol. 104, No. 3, June 1996
Posted: 21 Jun 1996
Bradford Cornell and Ivo Welch
Anderson Graduate School of Management, UCLA and University of California, Los Angeles (UCLA)

Abstract:

Loading...

Culture, Information, and Screening Discrimination

Posted: 02 Feb 1995
Bradford Cornell and Ivo Welch
Anderson Graduate School of Management, UCLA and University of California, Los Angeles (UCLA)

Abstract:

Loading...

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

REAL ESTATE ECONOMICS, Vol. 24 No. 1
Posted: 19 Apr 1996
Anderson Graduate School of Management, UCLA, Simon Fraser University (SFU) and University of California, Los Angeles (UCLA) - Finance Area

Abstract:

Loading...

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

UCLA Working Paper No 4-94
Posted: 18 Jul 1994
Anderson Graduate School of Management, UCLA, University of California, Los Angeles (UCLA) - Finance Area and Simon Fraser University (SFU)

Abstract:

Loading...