Lawrence Harris

University of Southern California - Marshall School of Business - Finance and Business Economics Department

Prof.

Marshall School of Business

Los Angeles, CA 90089

United States

Institute for Quantitative Research in Finance (the Q-Group)

Director of the Selected Funds, and Research Coordinator

Q Group

P.O. Box 1540

Valley Stream, NY 11582

United States

Interactive Brokers, Inc. (IBKR)

Lead Independent Director

209 South LaSalle Street

10th Floor

Chicago, IL 60604

United States

University of Pennsylvania - Financial Economists Roundtable

Philadelphia, PA

United States

SCHOLARLY PAPERS

14

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CITATIONS
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Top 3,112

in Total Papers Citations

176

Scholarly Papers (14)

1.

Equity Trading in the 21st Century

Marshall School of Business Working Paper No. FBE 09-10
Number of pages: 54 Posted: 11 May 2010 Last Revised: 08 Aug 2015
James Angel, Lawrence Harris and Chester S. Spatt
Georgetown University - Department of Finance, University of Southern California - Marshall School of Business - Finance and Business Economics Department and Carnegie Mellon University - David A. Tepper School of Business
Downloads 2,710 (2,327)
Citation 17

Abstract:

Equity markets, transactions costs, dark pools, bid-ask spread

2.

Corporate Bond Market Transparency and Transaction Costs

Fifteenth Annual Utah Winter Finance Conference
Number of pages: 41 Posted: 22 Sep 2004
Amy K. Edwards, Lawrence Harris and Michael S. Piwowar
Securities and Exchange Commission (SEC), University of Southern California - Marshall School of Business - Finance and Business Economics Department and Government of the United States of America - Banking Committee
Downloads 2,286 (3,643)
Citation 114

Abstract:

Corporate bonds, fixed income, liquidity, transaction cost measurement, effective spreads, TRACE, price transparency, market microstructure, dealers

3.

Municipal Bond Liquidity

AFA 2005 Philadelphia Meetings
Number of pages: 59 Posted: 17 Feb 2004
Lawrence Harris and Michael S. Piwowar
University of Southern California - Marshall School of Business - Finance and Business Economics Department and Government of the United States of America - Banking Committee
Downloads 1,180 (11,129)
Citation 11

Abstract:

Municipal bonds, fixed income, liquidity, transaction cost measurement, effective spreads, Municipal Securities Rulemaking Board, MSRB, transparency, market microstructure, dealers

Price Inflation and Wealth Transfer During the 2008 SEC Short-Sale Ban

The Journal of Investment Management, Second Quarter, 2013, Harry M. Markowitz Special Distinction Award 2013
Number of pages: 43 Posted: 23 Mar 2009 Last Revised: 09 May 2014
Lawrence Harris, Ethan Namvar and Blake Phillips
University of Southern California - Marshall School of Business - Finance and Business Economics Department, University of California, Berkeley - Haas School of Business and University of Waterloo
Downloads 646 (31,092)
Citation 23

Abstract:

Short-sale Ban, SEC, Securities and Exchange Commission, Short-Sale Constraints, Financial Crisis

Price Inflation and Wealth Transfer During the 2008 SEC Short-Sale Ban

Journal Of Investment Management (JOIM), Second Quarter 2013
Posted: 15 Jun 2013
Lawrence Harris, Ethan Namvar and Blake Phillips
University of Southern California - Marshall School of Business - Finance and Business Economics Department, University of California, Berkeley - Haas School of Business and University of Waterloo

Abstract:

Short selling, short-sale ban, short-sale constraints, financial crisis

5.

Juicing the Dividend Yield: Mutual Funds and the Demand for Dividends

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 49 Posted: 17 Oct 2014
Lawrence Harris, Samuel M. Hartzmark and David H. Solomon
University of Southern California - Marshall School of Business - Finance and Business Economics Department, University of Chicago - Booth School of Business and University of Southern California - Marshall School of Business
Downloads 390 (31,367)

Abstract:

Dividends, Mutual Funds, Behavioral Finance, Payout Policy, Catering, Dividend Clienteles

6.

Transaction Costs, Trade Throughs, and Riskless Principal Trading in Corporate Bond Markets

Number of pages: 79 Posted: 18 Sep 2015 Last Revised: 24 Oct 2015
Lawrence Harris
University of Southern California - Marshall School of Business - Finance and Business Economics Department
Downloads 371 (9,414)

Abstract:

Bond market liquidity, transaction costs, riskless principal trades, trade throughs, effective bid/ask spreads, dealers, brokers, pre-trade transparency, TRACE

7.

Specialist Profits and the Minimum Price Increment

Number of pages: 46 Posted: 30 Apr 2004
Jay F. Coughenour and Lawrence Harris
University of Delaware - Department of Finance and University of Southern California - Marshall School of Business - Finance and Business Economics Department
Downloads 287 (78,850)
Citation 12

Abstract:

NYSE Specialists, Decimalization, Trading Profits, Spectral Analysis

8.

The Economics of Flash Orders and Trading

Journal of Investment Management, Fourth Quarter, 2016
Number of pages: 17 Posted: 03 Nov 2011 Last Revised: 11 Apr 2017
Lawrence Harris and Ethan Namvar
University of Southern California - Marshall School of Business - Finance and Business Economics Department and University of California, Berkeley - Haas School of Business
Downloads 260 (62,108)
Citation 1

Abstract:

flash orders, high frequency trading, algorithmic trading, volatility

9.

Illiquidity and Stock Returns: Cross-Section and Time-Series Effects: A Replication

Marshall School of Business Working Paper No. 17-13
Number of pages: 27 Posted: 22 Jan 2017
Lawrence Harris and Andrea Amato
University of Southern California - Marshall School of Business - Finance and Business Economics Department and University of California, Berkeley - Haas School of Business
Downloads 0 (127,355)

Abstract:

Liquidity, illiquidity, Amihud measure, asset pricing

10.

Trading and Electronic Markets: What Investment Professionals Need to Know

CFA Institute Research Foundation 2015-3
Number of pages: 94 Posted: 19 Nov 2015
Lawrence Harris
University of Southern California - Marshall School of Business - Finance and Business Economics Department
Downloads 0 (79,918)

Abstract:

trading, electronic markets, high frequency trading, bid offer spread, trading costs, trading implementation costs

11.

Corporate Bond Market Transaction Costs and Transparency

Journal of Finance, Vol. 62, No. 3, June 2007
Posted: 27 Dec 2007
Amy K. Edwards, Lawrence Harris and Michael S. Piwowar
Securities and Exchange Commission (SEC), University of Southern California - Marshall School of Business - Finance and Business Economics Department and Government of the United States of America - Banking Committee

Abstract:

Corporate bonds, fixed income, liquidity, transaction cost measurement, effective spreads, TRACE, price transparency, market microstructure, dealers

12.

Program Trading and Intraday Volatility

REVIEW OF FINANCIAL STUDIES, Vol 7 No 4, 1994
Posted: 14 May 2000
Lawrence Harris and George Sofianos
University of Southern California - Marshall School of Business - Finance and Business Economics Department and affiliation not provided to SSRN

Abstract:

13.

Optimal Dynamic Order Submission Strategies In Some Stylized Trading Problems

Posted: 10 Sep 1999
Lawrence Harris
University of Southern California - Marshall School of Business - Finance and Business Economics Department

Abstract:

14.

Market vs. Limit Orders: The SuperDOT Evidence on Order Submission Strategy

J. OF FINANCIAL AND QUANTITATIVE ANALYSIS, June 1996
Posted: 25 Sep 1996
Lawrence Harris and Joel Hasbrouck
University of Southern California - Marshall School of Business - Finance and Business Economics Department and New York University (NYU) - Department of Finance

Abstract: