Charles M. Jones

Columbia Business School

Robert W. Lear Professor of Finance and Economics

3022 Broadway

Uris Hall Rm 101

New York, NY 10027

United States

http://https://www8.gsb.columbia.edu/cbs-directory/detail/cj88

SCHOLARLY PAPERS

29

DOWNLOADS
Rank 638

SSRN RANKINGS

Top 638

in Total Papers Downloads

33,420

CITATIONS
Rank 579

SSRN RANKINGS

Top 579

in Total Papers Citations

979

Scholarly Papers (29)

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 and VU Amsterdam
Downloads 5,221 (1,373)
Citation 20

Abstract:

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2.

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
Downloads 5,184 (1,394)
Citation 41

Abstract:

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algorithmic trading, automated markets, securities transaction tax

3.

A Century of Stock Market Liquidity and Trading Costs

Number of pages: 48 Posted: 13 Sep 2002
Charles M. Jones
Columbia Business School
Downloads 4,030 (2,170)
Citation 167

Abstract:

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

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 and Tsinghua University - PBC School of Finance
Downloads 2,759 (4,173)
Citation 23

Abstract:

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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 and Harvard Business School - Entrepreneurial Management Unit
Downloads 2,531 (4,801)
Citation 95

Abstract:

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

6.
Downloads 1,966 ( 7,366)
Citation 221

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 and Harvard University - Department of Economics
Downloads 1,884 (7,775)
Citation 2

Abstract:

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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 Last Revised: 24 Oct 2010
Charles M. Jones and Owen A. Lamont
Columbia Business School and Harvard University - Department of Economics
Downloads 82 (301,940)
Citation 13

Abstract:

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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 and Tsinghua University - PBC School of Finance
Downloads 1,771 (8,792)
Citation 9

Abstract:

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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
UNSW Business School, University of California, Berkeley - Haas School of Business, Columbia Business School, Cornell University - SC Johnson College of Business and ASU WP Carey School of Business
Downloads 1,595 (10,427)
Citation 2

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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
Downloads 1,459 (12,033)
Citation 7

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

10.

Market Maker Revenues and Stock Market Liquidity

Number of pages: 40 Posted: 10 Sep 2007
UNSW Business School, University of California, Berkeley - Haas School of Business and Columbia Business School
Downloads 1,336 (13,848)
Citation 1

Abstract:

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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
Downloads 1,068 (19,492)
Citation 16

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

12.

What Do Short Sellers Know?

Number of pages: 47 Posted: 23 Dec 2012 Last Revised: 22 Jan 2018
Singapore Management University - Lee Kong Chian School of Business, Columbia Business School, University of Nebraska - Lincoln and Tsinghua University - PBC School of Finance
Downloads 810 (29,056)
Citation 6

Abstract:

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

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, University of North Carolina Kenan-Flagler Business School and Tulane University - Finance & Economics
Downloads 541 (49,802)
Citation 7

Abstract:

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

14.

Tracking Retail Investor Activity

Number of pages: 58 Posted: 13 Aug 2016 Last Revised: 06 Jul 2019
Singapore Management University - Lee Kong Chian School of Business, Columbia Business School, Tsinghua University - PBC School of Finance and Tsinghua University - PBC School of Finance
Downloads 511 (53,573)
Citation 15

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retail investor, price improvements, return predictability

15.

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
UNSW Business School, Columbia Business School and University of Technology Sydney (UTS)
Downloads 488 (56,783)
Citation 4

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

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 and Carnegie Mellon University - David A. Tepper School of Business
Downloads 458 (61,479)
Citation 2

Abstract:

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17.

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 and University of Virginia - Darden School of Business
Downloads 365 (80,517)
Citation 11

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18.

Potential Pilot Problems: Treatment Spillovers in Financial Regulatory Experiments

Columbia Business School Research Paper No. 15-67
Number of pages: 55 Posted: 24 Jun 2015 Last Revised: 25 Sep 2018
Ekkehart Boehmer, Charles M. Jones and Xiaoyan Zhang
Singapore Management University - Lee Kong Chian School of Business, Columbia Business School and Tsinghua University - PBC School of Finance
Downloads 350 (84,475)
Citation 6

Abstract:

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

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 and University of Virginia - Darden School of Business
Downloads 268 (112,563)
Citation 6

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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 and University of Virginia - Darden School of Business

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20.

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 and Columbia Business School - Finance and Economics
Downloads 258 (117,650)

Abstract:

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21.

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 and University of Virginia - Darden School of Business
Downloads 229 (132,704)
Citation 3

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22.

Implementation Shortfall with Transitory Price Effects

Appeared in David Easley, Marcos López de Prado, and Maureen O'Hara, 2013, editors, "High-Frequency Trading: New Realities for Traders, Markets and Regulators.", Columbia Business School Research Paper No. 18-31
Number of pages: 24 Posted: 13 Mar 2018
University of California, Berkeley - Haas School of Business, Columbia Business School and VU Amsterdam
Downloads 89 (284,321)
Citation 3

Abstract:

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Implementation shortfall, volatility decomposition, institutional investor

23.

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
UNSW Business School, University of California, Berkeley - Haas School of Business, Columbia Business School, Cornell University - SC Johnson College of Business and ASU WP Carey School of Business
Downloads 86 (290,576)
Citation 3

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24.

Public Information and the Persistence of Bond Market Volatility

NBER Working Paper No. w5446
Number of pages: 28 Posted: 13 Jul 2000 Last Revised: 21 Mar 2008
Charles M. Jones, Owen A. Lamont and Robin L. Lumsdaine
Columbia Business School, Harvard University - Department of Economics and American University - Department of Finance and Real Estate
Downloads 41 (418,470)
Citation 7

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25.

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
Downloads 6 (605,031)
Citation 3
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short sales, securities lending, uptick rule, tick test, shorting ban, Great Depression

26.

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, University of Michigan, Stephen M. Ross School of Business and University of Virginia - Darden School of Business

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27.

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 and University of Virginia - Darden School of Business

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28.

Transaction Costs and Price Volatility: Evidence from Commission Deregulation

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

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29.

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 and University of Michigan, Stephen M. Ross School of Business

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