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Bradford Cornell

California Institute of Technology

Professor of Finance

Pasadena, CA 91125

United States

  • California Institute of Technology

    • Email
    • Tel: 310-825-2922
    • Fax: 310-206-5455
SCHOLARLY PAPERS

44

DOWNLOADS
Rank 458

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Top 458

in Total Papers Downloads

34,278

CITATIONS
Rank 3,507

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Top 3,507

in Total Papers Citations

155

Scholarly Papers (44)

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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 (79)

Abstract:

Valuation, Investor Sentiment, Asset Pricing

2.

When Is Bad News Really Bad News?

Downloads 1,276 ( 11,931)
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 1,276 (11,669)
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.

How do Analyst Recommendations Respond to Major News?

Downloads 1,135 ( 14,334)
Citation 24

How do Analyst Recommendations Respond to Major News?

Number of pages: 49 Posted: 15 Apr 2002
Jennifer S. Conrad, Bradford Cornell, Wayne R. Landsman and Brian Rountree
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 1,135 (14,040)
Citation 24

Abstract:

Analyst Recommendations

How do Analyst Recommendations Respond to Major News?

Journal of Financial and Quantitative Analysis, Forthcoming
Posted: 21 Apr 2005
Jennifer S. Conrad, Bradford Cornell, Wayne R. Landsman and Brian Rountree
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 (18,523)

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 (21,854)
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 (39,891)
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 (38,858)

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 (48,173)
Citation 19

Abstract:

9.

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
California Institute of Technology, University of North Carolina Kenan-Flagler Business School and University of Utah
Downloads 418 (29,078)

Abstract:

Investor Sentiment, Accruals Quality, Stock Prices, Equity Analysts

10.

A Delegated Agent Asset-Pricing Model

Downloads 418 ( 56,862)
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 304 (81,858)
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 114 (205,397)
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

11.

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 (51,827)
Citation 2

Abstract:

Equity Premium

12.

How Do Analysts Recommendations Respond to Major News?

Number of pages: 49 Posted: 17 Sep 2004
Jennifer S. Conrad, Bradford Cornell, Wayne R. Landsman and Brian Rountree
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 (59,474)
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 (61,885)

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 (78,103)

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 (46,088)

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 (115,076)
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
Elena N. Asparouhova, Peter Bossaerts, Jernej Copic, Bradford Cornell, Jaksa Cvitanic and Debrah Meloso
University of Utah - David Eccles School of Business, Brain, Mind and Markets Laboratory, 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 (111,615)

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 (139,087)
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 (147,830)

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 (154,936)
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 (157,510)

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 (99,892)

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 (187,201)

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 (167,520)

Abstract:

capital budgeting, discount rates

26.

Economic Growth and Equity Investing

Downloads 75 (269,189)
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 75 (271,793)
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 (362,474)
Citation 3
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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 (319,421)

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
William H. Beaver, Bradford Cornell, Wayne R. Landsman and Stephen Stubben
Stanford University, California Institute of Technology, University of North Carolina Kenan-Flagler Business School and University of Utah
Downloads 3 (534,043)
Citation 8
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Abstract:

30.

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

Number of pages: 21 Posted: 28 Aug 2017
Bradford Cornell and Richard Gerger
California Institute of Technology and San Marino Business Partners LLC
Downloads 0 (433,591)

Abstract:

DCF Valuation, Terminal Value

31.

Passive Investing and Market Efficiency

Number of pages: 8 Posted: 21 Jun 2017
Bradford Cornell
California Institute of Technology
Downloads 0 (153,356)

Abstract:

Passive Investing Market Efficiency

32.

A Note on Estimating Constant Growth Terminal Values with Inflation

Number of pages: 8 Posted: 25 May 2017
Bradford Cornell and Richard Gerger
California Institute of Technology and San Marino Business Partners LLC
Downloads 0 (376,771)

Abstract:

Valuation Inflation Constant Growth Model

33.

Presidential Politics and Stock Returns

Number of pages: 13 Posted: 29 Apr 2017
Robert D. Arnott, Bradford Cornell and Vitali Kalesnik
Research Affiliates, LLC, California Institute of Technology and Research Affiliates LLC
Downloads 0 (298,412)

Abstract:

Politics Stock Returns

34.

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 (93,693)

Abstract:

investments, Tesla, Valuation

35.

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 (6,135)

Abstract:

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

36.

Information Flow and Expected Inflation: An Empirical Analysis

Number of pages: 20 Posted: 20 Dec 2015
Bradford Cornell
California Institute of Technology
Downloads 0 (459,677)

Abstract:

Inflation, Information, Macroeconomic models

37.

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 (186,042)

Abstract:

Valuation Market Multiples Size Effect

38.

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 (134,163)

Abstract:

Valuation, DCF, Market Multiples

39.

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

Posted: 10 Jun 2012
Bradford Cornell
California Institute of Technology

Abstract:

40.

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

41.

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:

42.

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:

43.

Culture, Information, and Screening Discrimination

Downloads 0 (565,313)

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 University of California, Los Angeles (UCLA)

Abstract:

Culture, Information, and Screening Discrimination

Posted: 02 Feb 1995
Bradford Cornell and Ivo Welch
California Institute of Technology and University of California, Los Angeles (UCLA)

Abstract:

44.

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

Downloads 0 (565,313)

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

REAL ESTATE ECONOMICS, Vol. 24 No. 1
Posted: 19 Apr 1996
Bradford Cornell, Eduardo S. Schwartz and Francis A. Longstaff
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
Bradford Cornell, Francis A. Longstaff and Eduardo S. Schwartz
California Institute of Technology, University of California, Los Angeles (UCLA) - Finance Area and University of California, Los Angeles (UCLA) - Finance Area

Abstract:

Submit a Paper Section 508 Text Only Pages

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