Charles M. Jones

Columbia Business School - Finance and Economics

Class of 1967 Associate Professor of Business

3022 Broadway

New York, NY 10027

United States

http://www.columbia.edu/~cj88/

SCHOLARLY PAPERS

27

DOWNLOADS
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Top 573

in Total Papers Downloads

29,911

CITATIONS
Rank 423

SSRN RANKINGS

Top 423

in Total Papers Citations

1,086

Scholarly Papers (27)

1.

Does Algorithmic Trading Improve Liquidity?

Journal of Finance, Vol. 66, pp. 1-33, WFA 2008 Paper
Number of pages: 54 Posted: 05 Mar 2008 Last Revised: 27 Jul 2011
University of California, Berkeley - Haas School of Business, Columbia Business School - Finance and Economics and VU University Amsterdam
Downloads 4,546 (1,151)
Citation 112

Abstract:

2.

A Century of Stock Market Liquidity and Trading Costs

Number of pages: 48 Posted: 13 Sep 2002
Charles M. Jones
Columbia Business School - Finance and Economics
Downloads 2,927 (2,077)
Citation 126

Abstract:

transaction costs, bid-ask spreads, time-varying expected returns, return predictability, systematic liquidity

3.

What Do We Know About High-Frequency Trading?

Columbia Business School Research Paper No. 13-11
Number of pages: 56 Posted: 21 Mar 2013
Charles M. Jones
Columbia Business School - Finance and Economics
Downloads 2,855 (1,518)
Citation 3

Abstract:

algorithmic trading, automated markets, securities transaction tax

4.

Shackling Short Sellers: The 2008 Shorting Ban

Number of pages: 55 Posted: 02 Jun 2009 Last Revised: 01 Nov 2012
Ekkehart Boehmer, Charles M. Jones and Xiaoyan Zhang
Singapore Management University - Lee Kong Chian School of Business, Columbia Business School - Finance and Economics and Purdue University - Krannert School of Management
Downloads 2,416 (3,563)
Citation 66

Abstract:

short selling, financial crisis, Section 12(k)(2)

5.

The Price of Diversifiable Risk in Venture Capital and Private Equity

AFA 2003 Washington, DC Meetings
Number of pages: 53 Posted: 30 Nov 2002 Last Revised: 05 Jun 2013
Michael Ewens, Charles M. Jones and Matthew Rhodes-Kropf
California Institute of Technology - Division of the Humanities and Social Sciences, Columbia Business School - Finance and Economics and Harvard Business School - Entrepreneurial Management Unit
Downloads 2,379 (3,944)
Citation 85

Abstract:

Venture Capital, Idiosyncratic Risk, Principal-agent problem, Private Equity

6.
Downloads 1,885 ( 6,229)
Citation 339

Short Sale Constraints And Stock Returns

CRSP Working Paper No. 533
Number of pages: 56 Posted: 20 Sep 2001
Charles M. Jones and Owen A. Lamont
Columbia Business School - Finance and Economics and Harvard University - Department of Economics
Downloads 1,808 (6,558)
Citation 339

Abstract:

mispricing, short selling, short-sale constraints, securities lending.

Short Sale Constraints and Stock Returns

NBER Working Paper No. w8494
Number of pages: 55 Posted: 29 Sep 2001
Charles M. Jones and Owen A. Lamont
Columbia Business School - Finance and Economics and Harvard University - Department of Economics
Downloads 77 (267,709)
Citation 339

Abstract:

7.

Which Shorts are Informed?

AFA 2007 Chicago Meetings Paper
Number of pages: 48 Posted: 15 Mar 2006
Ekkehart Boehmer, Charles M. Jones and Xiaoyan Zhang
Singapore Management University - Lee Kong Chian School of Business, Columbia Business School - Finance and Economics and Purdue University - Krannert School of Management
Downloads 1,674 (7,716)
Citation 132

Abstract:

short selling, return predictability, informed trading

8.

Time Variation in Liquidity: The Role of Market Maker Inventories and Revenues

Journal of Finance, Forthcoming
Number of pages: 59 Posted: 31 Dec 2008
University of Melbourne - Department of Finance, University of California, Berkeley - Haas School of Business, Columbia Business School - Finance and Economics, Cornell University and Hong Kong University of Science & Technology (HKUST)
Downloads 1,528 (8,554)
Citation 31

Abstract:

Liquidity, Market-Makers

9.

Island Goes Dark: Transparency, Fragmentation, Liquidity Externalities, and Multimarket Regulation

AFA 2004 San Diego Meetings
Number of pages: 57 Posted: 06 Jun 2003
Terrence Hendershott and Charles M. Jones
University of California, Berkeley - Haas School of Business and Columbia Business School - Finance and Economics
Downloads 1,413 (9,846)
Citation 20

Abstract:

Transparency, multi-market trading, liquidity, fragmentation, market microstructure

10.

Market Maker Revenues and Stock Market Liquidity

Number of pages: 40 Posted: 10 Sep 2007
University of Melbourne - Department of Finance, University of California, Berkeley - Haas School of Business and Columbia Business School - Finance and Economics
Downloads 1,261 (11,444)
Citation 2

Abstract:

financing constraints, time-varying liquidity

11.

Order Consolidation, Price Efficiency, and Extreme Liquidity Shocks

Simon School, University of Rochester, Research Paper
Number of pages: 44 Posted: 12 Nov 2003
University of Rochester - Simon School (Deceased), University of California, Berkeley - Haas School of Business and Columbia Business School - Finance and Economics
Downloads 1,043 (16,144)
Citation 9

Abstract:

Market structure, price discovery, price efficiency, volatility, liquidity

12.

Shorting at Close Range: A Tale of Two Types

Journal of Financial Economics (JFE), Forthcoming, AFA 2012 Chicago Meetings Paper, Columbia Business School Research Paper No. 12/22
Number of pages: 50 Posted: 21 Mar 2011 Last Revised: 26 Jun 2015
University of Melbourne - Department of Finance, Columbia Business School - Finance and Economics and University of Technology Sydney - UTS Business School
Downloads 352 (52,167)
Citation 3

Abstract:

short selling, information content, market quality, high-frequency trading

13.

Revealing Shorts: An Examination of Large Short Position Disclosures

AFA 2013 San Diego Meetings Paper
Number of pages: 63 Posted: 16 Aug 2011 Last Revised: 04 Mar 2015
Charles M. Jones, Adam V. Reed and William Waller
Columbia Business School - Finance and Economics, University of North Carolina Kenan-Flagler Business School and Carnegie Mellon University - David A. Tepper School of Business
Downloads 340 (45,997)
Citation 3

Abstract:

short sales, short interest, securities lending, secondary equity offering

14.

Price Impacts and Quote Adjustment on the Nasdaq and NYSE/AMEX

Paine Webber Working Paper No. 99-08
Number of pages: 36 Posted: 07 Oct 1999
Charles M. Jones and Marc L. Lipson
Columbia Business School - Finance and Economics and University of Virginia - Darden School of Business
Downloads 339 (69,322)
Citation 6

Abstract:

15.

What Do Short Sellers Know?

Number of pages: 52 Posted: 23 Dec 2012 Last Revised: 02 Oct 2015
Ekkehart Boehmer, Charles M. Jones and Xiaoyan Zhang
Singapore Management University - Lee Kong Chian School of Business, Columbia Business School - Finance and Economics and Purdue University - Krannert School of Management
Downloads 297 (41,825)
Citation 9

Abstract:

short-selling, earnings news, analyst recommendations, analyst forecasts

16.

A Solution to the Palm - 3Com Spin-Off Puzzles

Columbia Business School Research Paper No. 12/52
Number of pages: 24 Posted: 05 Sep 2012 Last Revised: 04 Sep 2013
Martin Cherkes, Charles M. Jones and Chester S. Spatt
NYU, Columbia Business School - Finance and Economics and Carnegie Mellon University - David A. Tepper School of Business
Downloads 265 (70,991)

Abstract:

17.
Downloads 256 ( 99,547)
Citation 27

Execution Costs of Institutional Equity Orders

Paine Webber Working Paper No. 99-01
Number of pages: 28 Posted: 07 Oct 1999
Charles M. Jones and Marc L. Lipson
Columbia Business School - Finance and Economics and University of Virginia - Darden School of Business
Downloads 256 (99,081)
Citation 27

Abstract:

Execution Costs of Institutional Equity Orders

Journal of Financial Intermediation, Vol. 8, Iss. 3, July 1999
Posted: 01 Nov 1999
Charles M. Jones and Marc L. Lipson
Columbia Business School - Finance and Economics and University of Virginia - Darden School of Business

Abstract:

18.

Sixteenths: Direct Evidence on Institutional Execution Costs

Paine Webber Working Paper No. 99-03
Number of pages: 35 Posted: 07 Oct 1999
Charles M. Jones and Marc L. Lipson
Columbia Business School - Finance and Economics and University of Virginia - Darden School of Business
Downloads 207 (117,183)
Citation 72

Abstract:

19.

Do Stock Prices Really Reflect Fundamental Values? The Case of Reits

NBER Working Paper No. w10850
Number of pages: 39 Posted: 27 Oct 2004 Last Revised: 26 Aug 2010
William M. Gentry, Charles M. Jones and Christopher J. Mayer
Williams College - Department of Economics, Columbia Business School - Finance and Economics and Columbia Business School - Finance and Economics
Downloads 195 (107,904)
Citation 6

Abstract:

20.

Time Variation in Liquidity: The Role of Market-Maker Inventories and Revenues

Journal of Finance, Vol. 65, No. 1, pp. 295-331, 2010
Number of pages: 59 Posted: 26 Oct 2011 Last Revised: 03 Dec 2012
University of Melbourne - Department of Finance, University of California, Berkeley - Haas School of Business, Columbia Business School - Finance and Economics, Cornell University and Hong Kong University of Science & Technology (HKUST)
Downloads 67 (261,197)
Citation 30

Abstract:

21.

Potential Pilot Problems: Treatment Spillovers in Financial Regulatory Experiments

Columbia Business School Research Paper No. 15-67
Number of pages: 37 Posted: 24 Jun 2015
Ekkehart Boehmer, Charles M. Jones and Xiaoyan Zhang
Singapore Management University - Lee Kong Chian School of Business, Columbia Business School - Finance and Economics and Purdue University - Krannert School of Management
Downloads 50 (138,459)

Abstract:

interference, short sales, short interest, tick test, Regulation SHO

22.

Public Information and the Persistence of Bond Market Volatility

NBER Working Paper No. w5446
Number of pages: 28 Posted: 13 Jul 2000
Charles M. Jones, Owen A. Lamont and Robin L. Lumsdaine
Columbia Business School - Finance and Economics, Harvard University - Department of Economics and American University - Department of Finance and Real Estate
Downloads 29 (380,690)
Citation 3

Abstract:

23.

Shorting Restrictions: Revisiting the 1930s

Financial Review, Vol. 47, Issue 1, pp. 1-35, 2012
Number of pages: 35 Posted: 05 Jan 2012
Charles M. Jones
Columbia Business School - Finance and Economics
Downloads 3 (529,367)
Citation 6
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Abstract:

short sales, securities lending, uptick rule, tick test, shorting ban, Great Depression

24.

Transactions, Volume and Volatility

REVIEW OF FINANCIAL STUDIES, Vol 7 No 4, 1994
Posted: 03 May 2000
Charles M. Jones, Gautam Kaul and Marc L. Lipson
Columbia Business School - Finance and Economics, University of Michigan, Stephen M. Ross School of Business and University of Virginia - Darden School of Business

Abstract:

25.

Continuations, Reversals, and Adverse Selection on the NASDAQ and NYSE/AMEX

Posted: 03 Nov 1998
Charles M. Jones and Marc L. Lipson
Columbia Business School - Finance and Economics and University of Virginia - Darden School of Business

Abstract:

26.

Transaction Costs and Price Volatility: Evidence From Commission Deregulation

Posted: 10 Oct 1998
Charles M. Jones and Paul J. Seguin
Columbia Business School - Finance and Economics and University of Minnesota - Twin Cities - Carlson School of Management

Abstract:

27.

Oil and the Stock Markets

J. OF FINANCE, Vol. 51 No. 2, June 1996
Posted: 10 Oct 1996
Charles M. Jones and Gautam Kaul
Columbia Business School - Finance and Economics and University of Michigan, Stephen M. Ross School of Business

Abstract: