David A. Hirshleifer

University of California, Irvine - Paul Merage School of Business

Professor & Merage Chair in Business Growth, Finance

Irvine, CA California 92697-3125

United States

http://sites.uci.edu/dhirshle/

NBER

Research Associate

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

105

DOWNLOADS
Rank 70

SSRN RANKINGS

Top 70

in Total Papers Downloads

86,763

CITATIONS
Rank 119

SSRN RANKINGS

Top 119

in Total Papers Citations

2,377

Scholarly Papers (105)

1.

Can Individual Investors Beat the Market?

HBS Finance Working Paper No. 04-025, Harvard NOM Working Paper No. 02-45
Number of pages: 39 Posted: 06 Jan 2003
Joshua D. Coval, David A. Hirshleifer and Tyler Shumway
Harvard Business School - Finance Unit, University of California, Irvine - Paul Merage School of Business and University of Michigan at Ann Arbor, The Stephen M. Ross School of Business
Downloads 8,602 (363)
Citation 55

Abstract:

Individual Investors, Market Efficiency, Performance Persistence

2.
Downloads 7,520 ( 530)
Citation 335

Investor Psychology and Asset Pricing

AFA 2001 New Orleans Meetings
Number of pages: 92 Posted: 28 Mar 2001
David A. Hirshleifer
University of California, Irvine - Paul Merage School of Business
Downloads 7,520 (523)
Citation 335

Abstract:

Investor Psychology and Asset Pricing

Journal of Finance, Vol. 56, No. 4, pp. 1533-1598, August 2001
Posted: 01 Dec 2008
David A. Hirshleifer
University of California, Irvine - Paul Merage School of Business

Abstract:

3.

A Theory of Overconfidence, Self-Attribution, and Security Market Under- and Over-reactions

Number of pages: 59 Posted: 01 May 1997
Kent D. Daniel, David A. Hirshleifer and Avanidhar Subrahmanyam
Columbia Business School - Finance and Economics, University of California, Irvine - Paul Merage School of Business and University of California, Los Angeles (UCLA) - Finance Area
Downloads 5,864 (706)
Citation 74

Abstract:

4.

Preparing a Referee Report: Guidelines and Perspectives

Number of pages: 9 Posted: 11 Jan 2015 Last Revised: 21 Dec 2016
Jonathan Berk, Campbell R. Harvey and David A. Hirshleifer
Stanford Graduate School of Business, Duke University - Fuqua School of Business and University of California, Irvine - Paul Merage School of Business
Downloads 4,156 (626)

Abstract:

Referee report, Cover letter, Ethics, Conflicts of Interest

Investor Psychology in Capital Markets: Evidence and Policy Implications

Dice Center WP 2001-10
Number of pages: 94 Posted: 14 Aug 2001
Kent D. Daniel, David A. Hirshleifer and Siew Hong Teoh
Columbia Business School - Finance and Economics, University of California, Irvine - Paul Merage School of Business and University of California - Paul Merage School of Business
Downloads 3,065 (2,510)
Citation 111

Abstract:

Investor Psychology in Capital Markets: Evidence and Policy Implications

THE PSYCHOLOGY OF WORLD EQUITY MARKETS, Werner De Bondt, ed., Edward Elgar Publishing Ltd., July 2005, Journal of Monetary Economics, Vol. 49, No. 1, 2002
Posted: 01 Dec 2008
Kent D. Daniel, David A. Hirshleifer and Siew Hong Teoh
Columbia Business School - Finance and Economics, University of California, Irvine - Paul Merage School of Business and University of California - Paul Merage School of Business

Abstract:

6.

Herd Behavior and Cascading in Capital Markets: A Review and Synthesis

Dice Center Working Paper No. 2001-20
Number of pages: 58 Posted: 10 Jan 2002
David A. Hirshleifer and Siew Hong Teoh
University of California, Irvine - Paul Merage School of Business and University of California - Paul Merage School of Business
Downloads 2,960 (2,505)
Citation 77

Abstract:

Limited Attention, Information Disclosure, and Financial Reporting

JAE Boston Conference October 2002
Number of pages: 63 Posted: 06 Jan 2004
David A. Hirshleifer and Siew Hong Teoh
University of California, Irvine - Paul Merage School of Business and University of California - Paul Merage School of Business
Downloads 2,919 (2,770)
Citation 185

Abstract:

limited attention, behavioral accounting, investor psychology, capital markets, accounting regulation, disclosure, market efficiency

Limited Attention, Information Disclosure, and Financial Reporting

Journal of Accounting & Economics, Vol. 36, Nos. 1-3, pp. 337-386, December 2003
Posted: 01 Dec 2003
David A. Hirshleifer and Siew Hong Teoh
University of California, Irvine - Paul Merage School of Business and University of California - Paul Merage School of Business

Abstract:

limited attention, behavioral accounting, investor psychology, capital markets, accounting regulation, disclosure, market efficiency

8.
Downloads 2,713 ( 3,214)
Citation 125

Good Day Sunshine: Stock Returns and the Weather

Dice Center Working Paper No. 2001-3
Number of pages: 31 Posted: 17 Apr 2001
David A. Hirshleifer and Tyler Shumway
University of California, Irvine - Paul Merage School of Business and University of Michigan at Ann Arbor, The Stephen M. Ross School of Business
Downloads 2,713 (3,140)
Citation 125

Abstract:

Good Day Sunshine: Stock Returns and the Weather

Journal of Finance, Vol. 58, pp. 1009-1032, June 2003
Posted: 22 Jul 2003
David A. Hirshleifer and Tyler Shumway
University of California, Irvine - Paul Merage School of Business and University of Michigan at Ann Arbor, The Stephen M. Ross School of Business

Abstract:

9.
Downloads 2,571 ( 3,525)

Behavioral Finance

Number of pages: 69 Posted: 15 Aug 2014 Last Revised: 01 Oct 2014
David A. Hirshleifer
University of California, Irvine - Paul Merage School of Business
Downloads 2,571 (3,441)

Abstract:

Investor psychology, heuristics, overconfidence, attention, feelings, reference dependence, social finance

Behavioral Finance

Annual Review of Financial Economics, Vol. 7, pp. 133-159, 2015
Posted: 11 Dec 2015
David A. Hirshleifer
University of California, Irvine - Paul Merage School of Business

Abstract:

10.

Do Investors Overvalue Firms With Bloated Balance Sheets?

EFA 2004 Maastricht Meetings Paper No. 3233; Dice Center Working Paper No. 2004-18
Number of pages: 53 Posted: 03 Aug 2004
David A. Hirshleifer, Kewei Hou, Siew Hong Teoh and Yinglei Zhang
University of California, Irvine - Paul Merage School of Business, Ohio State University (OSU) - Department of Finance, University of California - Paul Merage School of Business and The Chinese University of Hong Kong (CUHK) - School of Accountancy
Downloads 2,506 (3,130)
Citation 96

Abstract:

limited attention, market efficiency, investor misvaluation

11.

The Accrual Anomaly: Risk or Mispricing?

AFA 2007 Chicago Meetings Paper
Number of pages: 51 Posted: 30 Mar 2006 Last Revised: 31 Mar 2010
David A. Hirshleifer, Kewei Hou and Siew Hong Teoh
University of California, Irvine - Paul Merage School of Business, Ohio State University (OSU) - Department of Finance and University of California - Paul Merage School of Business
Downloads 2,268 (4,107)
Citation 28

Abstract:

Capital markets, accruals, market efficiency, behavioral accounting, behavioral finance, limited attention

Do Individual Investors Cause Post-Earnings Announcement Drift? Direct Evidence from Personal Trades

Number of pages: 51 Posted: 23 Nov 2003 Last Revised: 17 Apr 2008
David A. Hirshleifer, James N. Myers, Linda A. Myers and Siew Hong Teoh
University of California, Irvine - Paul Merage School of Business, University of Tennessee, Knoxville - Haslam College of Business, University of Tennessee, Haslam College of Business, Accounting and Information Management and University of California - Paul Merage School of Business
Downloads 1,981 (5,358)
Citation 33

Abstract:

earnings anomalies, post-earnings announcement drift, market efficiency, trading activity, individual investors, investor sophistication

Do Individual Investors Cause Post-Earnings Announcement Drift? Direct Evidence from Personal Trades

Accounting Review, November 2008
Posted: 04 Jun 2008 Last Revised: 19 Oct 2008
David A. Hirshleifer, James N. Myers, Linda A. Myers and Siew Hong Teoh
University of California, Irvine - Paul Merage School of Business, University of Tennessee, Knoxville - Haslam College of Business, University of Tennessee, Haslam College of Business, Accounting and Information Management and University of California - Paul Merage School of Business

Abstract:

earnings anomalies, post-earnings announcement drift, market efficiency, trading activity, individual investors, investor sophistication

13.
Downloads 1,700 ( 7,211)
Citation 166

Does Investor Misvaluation Drive the Takeover Market?

EFA 2003 Annual Conference Paper No. 652, Dice Center Working Paper No. 2003-7
Number of pages: 44 Posted: 01 May 2003 Last Revised: 13 Dec 2008
Ming Dong, David A. Hirshleifer, Scott A. Richardson and Siew Hong Teoh
York University - Schulich School of Business, University of California, Irvine - Paul Merage School of Business, AQR Capital Management, LLC and University of California - Paul Merage School of Business
Downloads 1,700 (7,056)
Citation 166

Abstract:

takeovers, misvaluation, market efficiency, behavioral finance

Does Investor Misvaluation Drive the Takeover Market?

Journal of Finance, Vol. 61, No. 2, pp. 725-762, April 2006
Posted: 06 Oct 2008 Last Revised: 19 Oct 2008
Ming Dong, David A. Hirshleifer, Scott A. Richardson and Siew Hong Teoh
York University - Schulich School of Business, University of California, Irvine - Paul Merage School of Business, AQR Capital Management, LLC and University of California - Paul Merage School of Business

Abstract:

takeovers, misvaluation, market efficiency, behavioral finance

14.

Are Overconfident CEOs Better Innovators?

Journal of Finance, Forthcoming
Number of pages: 60 Posted: 02 May 2010 Last Revised: 19 Jun 2014
David A. Hirshleifer, Siew Hong Teoh and Angie Low
University of California, Irvine - Paul Merage School of Business, University of California - Paul Merage School of Business and Nanyang Technological University - Division of Banking & Finance
Downloads 1,540 (7,017)
Citation 32

Abstract:

CEO Overconfidence, Innovation, R&D, Patent

15.

Thought and Behavior Contagion in Capital Markets

HANDBOOK OF FINANCIAL MARKETS: DYNAMICS AND EVOLUTION, 2009
Number of pages: 78 Posted: 16 Jun 2008 Last Revised: 13 Dec 2008
David A. Hirshleifer and Siew Hong Teoh
University of California, Irvine - Paul Merage School of Business and University of California - Paul Merage School of Business
Downloads 1,496 (7,313)
Citation 12

Abstract:

capital markets, thought contagion, behavioral contagion, herd behavior, information cascades, social learning, investor psychology, accounting regulation, disclosure, behavioral finance, market efficiency, popular models, memes

An Economic Approach to the Psychology of Change: Amnesia, Inertia, and Impulsiveness

Yale ICF Working Paper No. 00-47, Cowles Foundation Discussion Paper No. 1306, Dice Working Paper No. 2000-4
Number of pages: 46 Posted: 17 May 2001 Last Revised: 20 Aug 2009
David A. Hirshleifer and Ivo Welch
University of California, Irvine - Paul Merage School of Business and University of California, Los Angeles (UCLA)
Downloads 1,488 (8,768)
Citation 13

Abstract:

Memory, Inertia, Amnesia, Behavioral Economics

An Economic Approach to the Psychology of Change: Amnesia, Inertia, and Impulsiveness

Journal of Economics and Management Strategy, Vol. 11, No. 3, pp. 379-421, Fall 2002
Posted: 01 Dec 2008
David A. Hirshleifer and Ivo Welch
University of California, Irvine - Paul Merage School of Business and University of California, Los Angeles (UCLA)

Abstract:

17.

Innovative Efficiency and Stock Returns

Journal of Financial Economics (JFE), Vol. 107, 2013
Number of pages: 62 Posted: 04 Apr 2011 Last Revised: 07 Nov 2014
David A. Hirshleifer, Po-Hsuan Hsu and Dongmei Li
University of California, Irvine - Paul Merage School of Business, University of Hong Kong and University of South Carolina - Darla Moore School of Business - Department of Finance
Downloads 1,399 (9,933)
Citation 10

Abstract:

innovative efficiency, limited attention

18.
Downloads 1,198 ( 12,705)
Citation 1

A Generalized Earnings-Based Stock Valuation Model

Number of pages: 44 Posted: 22 Nov 2004
Ming Dong and David A. Hirshleifer
York University - Schulich School of Business and University of California, Irvine - Paul Merage School of Business
Downloads 1,163 (13,086)
Citation 1

Abstract:

Stock valuation, negative earnings, asset pricing

A Generalized Earnings-Based Stock Valuation Model

Manchester School, Vol. 73, No. S1, pp. 1-31, September 2005
Number of pages: 31 Posted: 28 Aug 2005
Ming Dong and David A. Hirshleifer
York University - Schulich School of Business and University of California, Irvine - Paul Merage School of Business
Downloads 35 (378,642)
Citation 1
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Abstract:

19.

Accruals and Aggregate Stock Market Returns

Journal of Financial Economics, Forthcoming
Number of pages: 53 Posted: 21 Nov 2005 Last Revised: 19 Oct 2008
David A. Hirshleifer, Kewei Hou and Siew Hong Teoh
University of California, Irvine - Paul Merage School of Business, Ohio State University (OSU) - Department of Finance and University of California - Paul Merage School of Business
Downloads 1,124 (13,155)
Citation 28

Abstract:

20.

Limited Investor Attention and Stock Market Misreactions to Accounting Information

Number of pages: 48 Posted: 18 Nov 2005 Last Revised: 07 Jul 2011
David A. Hirshleifer, Sonya S. Lim and Siew Hong Teoh
University of California, Irvine - Paul Merage School of Business, DePaul University - Department of Finance and University of California - Paul Merage School of Business
Downloads 1,064 (13,831)
Citation 23

Abstract:

limited attention, behavioral finance, investor psychology, capital markets, accruals, market efficiency

21.
Downloads 1,056 ( 15,498)
Citation 16

Investor Overconfidence and the Forward Premium Puzzle

Number of pages: 58 Posted: 27 Mar 2008 Last Revised: 31 Mar 2010
A. Craig Burnside, Bing Han, David A. Hirshleifer and Tracy Yue Wang
Duke University - Department of Economics, University of Toronto, Rotman School of Management, University of California, Irvine - Paul Merage School of Business and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 825 (21,975)
Citation 16

Abstract:

investor overconfidence, forward discount puzzle, inflation differential, exchange rate overshooting, market efficiency, Purchasing Power Parity

Investor Overconfidence and the Forward Premium Puzzle

Economic Research Initiatives at Duke (ERID) Working Paper No. 47, McCombs Research Paper Series No. FIN-03-10
Number of pages: 61 Posted: 27 Apr 2010 Last Revised: 08 Oct 2010
A. Craig Burnside, Bing Han, David A. Hirshleifer and Tracy Yue Wang
Duke University - Department of Economics, University of Toronto, Rotman School of Management, University of California, Irvine - Paul Merage School of Business and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 201 (122,906)
Citation 16

Abstract:

Investor Overconfidence and the Forward Premium Puzzle

NBER Working Paper No. w15866
Number of pages: 61 Posted: 05 Apr 2010
A. Craig Burnside, Bing Han, David A. Hirshleifer and Tracy Yue Wang
Duke University - Department of Economics, University of Toronto, Rotman School of Management, University of California, Irvine - Paul Merage School of Business and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 30 (399,843)
Citation 16

Abstract:

Disclosure to a Credulous Audience: The Role of Limited Attention

14th Annual Conference on Financial Economics and Accounting (FEA); Dice Center Working Paper No. 2002-3
Number of pages: 45 Posted: 19 Jan 2004
David A. Hirshleifer, Sonya S. Lim and Siew Hong Teoh
University of California, Irvine - Paul Merage School of Business, DePaul University - Department of Finance and University of California - Paul Merage School of Business
Downloads 394 (58,718)
Citation 13

Abstract:

Disclosure to a Credulous Audience: The Role of Limited Attention

Dice Center Working Paper No. 2002-3
Number of pages: 42 Posted: 13 Feb 2002
David A. Hirshleifer, Sonya S. Lim and Siew Hong Teoh
University of California, Irvine - Paul Merage School of Business, DePaul University - Department of Finance and University of California - Paul Merage School of Business
Downloads 370 (63,275)
Citation 13

Abstract:

Disclosure to a Credulous Audience: The Role of Limited Attention

14th Annual Conference on Financial Economics and Accounting (FEA); Dice Center Working Paper No. 2002-3
Number of pages: 45 Posted: 04 Feb 2005
David A. Hirshleifer, Sonya S. Lim and Siew Hong Teoh
University of California, Irvine - Paul Merage School of Business, DePaul University - Department of Finance and University of California - Paul Merage School of Business
Downloads 258 (95,385)
Citation 13

Abstract:

23.

A Theory of Fads, Fashion, Custom, and Cultural Change as Informational Cascades

Journal of Political Economy, Vol. 100, No. 5, pp. 992-1026, October 1992
Number of pages: 51 Posted: 01 Dec 2008 Last Revised: 18 May 2009
Sushil Bikhchandani, Ivo Welch and David A. Hirshleifer
University of California, Los Angeles - Anderson School of Management, University of California, Los Angeles (UCLA) and University of California, Irvine - Paul Merage School of Business
Downloads 949 (14,615)
Citation 463

Abstract:

Covariance Risk, Mispricing, and the Cross Section of Security Returns

Ohio State University Working Paper No. 2000-6
Number of pages: 51 Posted: 29 Dec 2000
Kent D. Daniel, David A. Hirshleifer and Avanidhar Subrahmanyam
Columbia Business School - Finance and Economics, University of California, Irvine - Paul Merage School of Business and University of California, Los Angeles (UCLA) - Finance Area
Downloads 812 (22,504)
Citation 13

Abstract:

Covariance Risk, Mispricing, and the Cross Section of Security Returns

NBER Working Paper No. w7615
Number of pages: 47 Posted: 16 May 2000
Kent D. Daniel, David A. Hirshleifer and Avanidhar Subrahmanyam
Columbia Business School - Finance and Economics, University of California, Irvine - Paul Merage School of Business and University of California, Los Angeles (UCLA) - Finance Area
Downloads 52 (321,267)
Citation 13

Abstract:

25.

Feedback and the Success of Irrational Investors

Journal of Financial Economics, Vol. 81, No. 2, pp. 311-338, August 2006, Dice Center Working Paper No. 2003-22
Number of pages: 40 Posted: 28 Jul 2003 Last Revised: 13 Dec 2008
David A. Hirshleifer, Avanidhar Subrahmanyam and Sheridan Titman
University of California, Irvine - Paul Merage School of Business, University of California, Los Angeles (UCLA) - Finance Area and University of Texas at Austin - Department of Finance
Downloads 835 (21,017)
Citation 22

Abstract:

26.

Driven to Distraction: Extraneous Events and Underreaction to Earnings News

3rd Prize, 2007 Chicago Quantitative Alliance Annual Academic Competition, Journal of Finance, Forthcoming
Number of pages: 41 Posted: 18 Apr 2007 Last Revised: 19 Oct 2008
David A. Hirshleifer, Sonya S. Lim and Siew Hong Teoh
University of California, Irvine - Paul Merage School of Business, DePaul University - Department of Finance and University of California - Paul Merage School of Business
Downloads 834 (18,439)
Citation 82

Abstract:

limited attention, behavioral finance, investor psychology, capital markets, post-earnings announcement drift, market efficiency

27.
Downloads 831 ( 22,095)
Citation 10

Psychological Bias as a Driver of Financial Regulation

European Financial Management Journal, Forthcoming
Number of pages: 36 Posted: 03 Oct 2007 Last Revised: 13 Dec 2008
David A. Hirshleifer
University of California, Irvine - Paul Merage School of Business
Downloads 828 (21,861)
Citation 10

Abstract:

Investor psychology, regulation, salience, omission bias, scapegoating, xenophobia, fairness, reciprocity, norms, mood, availability cascades, overconfidence, evolutionary psychology, memes, ideology, replicators

Psychological Bias as a Driver of Financial Regulation

European Financial Management, Vol. 14, No. 5, pp. 856-874, November 2008
Number of pages: 19 Posted: 16 Oct 2008
David A. Hirshleifer
University of California, Irvine - Paul Merage School of Business
Downloads 3 (546,348)
Citation 10
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Abstract:

28.

Investor Psychology and Tests of Factor Pricing Models

Number of pages: 40 Posted: 26 Nov 2005
Kent D. Daniel, David A. Hirshleifer and Avanidhar Subrahmanyam
Columbia Business School - Finance and Economics, University of California, Irvine - Paul Merage School of Business and University of California, Los Angeles (UCLA) - Finance Area
Downloads 801 (21,872)
Citation 10

Abstract:

factor models, overconfidence, Fama-French factors, covariance risk

29.

Conversation, Observational Learning, and Informational Cascades

Dice Center Working Paper No. 2001-5
Number of pages: 37 Posted: 09 May 2001 Last Revised: 20 Aug 2009
H. Henry Cao and David A. Hirshleifer
University of North Carolina (UNC) at Chapel Hill - Finance Area and University of California, Irvine - Paul Merage School of Business
Downloads 763 (24,160)
Citation 7

Abstract:

30.

A Financing-Based Misvaluation Factor and the Cross Section of Expected Returns

Review of Financial Studies, Vol. 23, No. 9, pp. 3401-3436, 2010 , AFA 2008 New Orleans Meetings Paper, WFA 2009 San Diego Meetings Paper
Number of pages: 59 Posted: 20 Mar 2007 Last Revised: 22 Jun 2011
David A. Hirshleifer and Danling Jiang
University of California, Irvine - Paul Merage School of Business and College of Business, SUNY at Stony Brook
Downloads 703 (25,297)
Citation 8

Abstract:

Misvaluation, financing, new issues, repurchase, factor models, market efficiency, behavioral finance

31.

The Blind Leading the Blind: Social Influence, Fads and Informational Cascades

THE NEW ECONOMICS OF HUMAN BEHAVIOUR, Ierulli, K. and Tommasi, M., eds., Ch.12, pp. 188-215, Cambridge University Press, 1995, Anderson Graduate School of Management, UCLA, Working Paper No. 24-93
Number of pages: 35 Posted: 05 Oct 2008 Last Revised: 29 Sep 2009
David A. Hirshleifer
University of California, Irvine - Paul Merage School of Business
Downloads 695 (20,700)
Citation 8

Abstract:

32.

Are Investors Really Reluctant to Realize their Losses? Trading Responses to Past Returns and the Disposition Effect

Review of Financial Studies 25(8), 2485-2532, Fisher College of Business Working Paper No. 2011-03-013, Dice Center Working Paper No. 2011-13
Number of pages: 81 Posted: 03 Jul 2011 Last Revised: 24 Oct 2012
Itzhak Ben-David and David A. Hirshleifer
Ohio State University - Fisher College of Business, Finance Department and University of California, Irvine - Paul Merage School of Business
Downloads 685 (24,967)
Citation 7

Abstract:

disposition effect, realization preference, loss avoidance, loss aversion, prospect theory, individual investors

33.

A Theory of Costly Sequential Bidding

University of Michigan Business School Working Paper No. 98028
Number of pages: 41 Posted: 17 Aug 1999
Kent D. Daniel and David A. Hirshleifer
Columbia Business School - Finance and Economics and University of California, Irvine - Paul Merage School of Business
Downloads 629 (30,693)
Citation 26

Abstract:

34.

Short Arbitrage, Return Asymmetry and the Accrual Anomaly

Number of pages: 52 Posted: 20 Jun 2007 Last Revised: 15 Oct 2010
David A. Hirshleifer, Siew Hong Teoh and Jeff Jiewei Yu
University of California, Irvine - Paul Merage School of Business, University of California - Paul Merage School of Business and University of Arizona
Downloads 607 (33,349)
Citation 13

Abstract:

Accruals, anomalies, arbitrage, short sales, market efficiency

35.

Do Tender Offers Create Value? New Methods and Evidence

Dice Center Working Paper No. 2004-4
Number of pages: 64 Posted: 18 May 2004
Sanjai Bhagat, Ming Dong, David A. Hirshleifer and Robert B. Noah
University of Colorado at Boulder - Department of Finance, York University - Schulich School of Business, University of California, Irvine - Paul Merage School of Business and Cambridge Finance Partners, LLC
Downloads 597 (33,422)
Citation 49

Abstract:

Tender offers, value improvements, truncation dilemma, revelation bias, agency

36.

Disclosure to an Audience with Limited Attention

Number of pages: 49 Posted: 15 Oct 2004
David A. Hirshleifer, Sonya S. Lim and Siew Hong Teoh
University of California, Irvine - Paul Merage School of Business, DePaul University - Department of Finance and University of California - Paul Merage School of Business
Downloads 554 (35,550)
Citation 19

Abstract:

Disclosure policy, disclosure regulation, limited attention, behavioral economics, behavioral accounting, behavioral finance, market efficiency, psychology and economics

37.

Fear of the Unknown: Familiarity and Economic Decisions

Number of pages: 48 Posted: 10 May 2007 Last Revised: 16 Sep 2009
H. Henry Cao, Bing Han, Harold H. Zhang and David A. Hirshleifer
University of North Carolina (UNC) at Chapel Hill - Finance Area, University of Toronto, Rotman School of Management, University of Texas at Dallas - Naveen Jindal School of Management and University of California, Irvine - Paul Merage School of Business
Downloads 460 (44,841)
Citation 12

Abstract:

familiarity, model uncertainty, status quo, home bias, diversification, inertia

38.

Firm and Managerial Incentives to Manipulate the Timing of Project Resolution

Dice Center Working Paper No. 2001-4
Number of pages: 40 Posted: 25 Apr 2001
David A. Hirshleifer, Tarun Chordia and Sonya S. Lim
University of California, Irvine - Paul Merage School of Business, Emory University - Department of Finance and DePaul University - Department of Finance
Downloads 428 (51,387)
Citation 4

Abstract:

39.

Overvalued Equity and Financing Decisions

Number of pages: 60 Posted: 30 Jun 2011 Last Revised: 26 Jul 2012
Ming Dong, David A. Hirshleifer and Siew Hong Teoh
York University - Schulich School of Business, University of California, Irvine - Paul Merage School of Business and University of California - Paul Merage School of Business
Downloads 413 (47,260)

Abstract:

financing decisions, equity issuance, overvalued equity, behavioral finance, market efficiency

40.

The Psychological Attraction Approach to Accounting and Disclosure Policy

Number of pages: 28 Posted: 18 Mar 2009
David A. Hirshleifer and Siew Hong Teoh
University of California, Irvine - Paul Merage School of Business and University of California - Paul Merage School of Business
Downloads 410 (53,128)
Citation 2

Abstract:

41.

A Cross-Cultural Study of Reference Point Adaptation: Evidence from China, Korea, and the US

Organizational Behavior and Human Decision Processes, Vol. 112, No. 2, pp. 99-111, July 2010
Number of pages: 31 Posted: 12 Jul 2007 Last Revised: 11 Jun 2010
Hal R. Arkes, David A. Hirshleifer, Danling Jiang and Sonya S. Lim
Ohio State University - Department of Psychology, University of California, Irvine - Paul Merage School of Business, College of Business, SUNY at Stony Brook and DePaul University - Department of Finance
Downloads 373 (61,726)
Citation 2

Abstract:

Prospect theory, cross-cultural differences, reference point adaptation, mental accounting, security trading

42.

Sidelined Investors, Trading-Generated News, and Security Returns

Dice Working Paper No. 2000-2
Number of pages: 45 Posted: 10 Jul 2001
H. Henry Cao, Joshua D. Coval and David A. Hirshleifer
University of North Carolina (UNC) at Chapel Hill - Finance Area, Harvard Business School - Finance Unit and University of California, Irvine - Paul Merage School of Business
Downloads 363 (63,295)
Citation 27

Abstract:

43.

Superstition and Financial Decision Making

Management Science, Forthcoming
Number of pages: 44 Posted: 08 Aug 2012 Last Revised: 25 Feb 2017
David A. Hirshleifer, Ming Jian and Huai Zhang
University of California, Irvine - Paul Merage School of Business, Nanyang Technological University (NTU) and Nanyang Technological University (NTU)
Downloads 326 (46,645)

Abstract:

superstition, financial decision, IPO

44.
Downloads 273 ( 90,231)
Citation 1

Promotion Tournaments and Capital Rationing

Review of Financial Studies, Forthcoming , Dice Center Working Paper No. 2005-20
Number of pages: 47 Posted: 16 Nov 2005 Last Revised: 19 Oct 2008
Bing Han, David A. Hirshleifer and John C. Persons
University of Toronto, Rotman School of Management, University of California, Irvine - Paul Merage School of Business and Ohio State University (OSU) - Department of Finance
Downloads 273 (89,758)
Citation 1

Abstract:

promotion, tournaments, capital rationing, conglomerate, career concerns, managerial overconfidence

Promotion Tournaments and Capital Rationing

The Review of Financial Studies, Vol. 22, No. 1, pp. 219-255, 2009
Posted: 03 Jan 2009
Bing Han, David A. Hirshleifer and John C. Persons
University of Toronto, Rotman School of Management, University of California, Irvine - Paul Merage School of Business and Ohio State University (OSU) - Department of Finance

Abstract:

G30, G31, G39

45.

Reference Point Adaptation: Tests in the Domain of Security Trading

Organizational Behavior and Human Decision Processes, Vol. 105, No. 1, pp. 67-81, January 2008
Number of pages: 32 Posted: 28 Jun 2006 Last Revised: 19 Oct 2008
Hal R. Arkes, David A. Hirshleifer, Danling Jiang and Sonya S. Lim
Ohio State University - Department of Psychology, University of California, Irvine - Paul Merage School of Business, College of Business, SUNY at Stony Brook and DePaul University - Department of Finance
Downloads 269 (83,058)
Citation 11

Abstract:

Prospect theory, Reference point, Asset pricing, Security trading

46.

Do Investors Learn from Experience? Evidence from Frequent IPO Investors

Review of Financial Studies, Forthcoming
Number of pages: 45 Posted: 19 Mar 2009 Last Revised: 16 Dec 2015
Yao-Min Chiang, David A. Hirshleifer, Yiming Qian and Ann E. Sherman
National Taiwan University - Department of Finance, University of California, Irvine - Paul Merage School of Business, University of Iowa - Department of Finance and DePaul University
Downloads 257 (89,133)
Citation 3

Abstract:

IPO, auction, investor behavior, learning, reinforcement learning, institutional investor, individual investor, experience

47.

Information Asymmetry, Market Participation, and Asset Prices

6th Miami Behavioral Finance Conference
Number of pages: 53 Posted: 14 Apr 2016
David A. Hirshleifer, Chong Huang and Siew Hong Teoh
University of California, Irvine - Paul Merage School of Business, University of California, Irvine - Paul Merage School of Business and University of California - Paul Merage School of Business
Downloads 239 (103,404)

Abstract:

capital markets, stock market participation, information costs, information risk, information asymmetry, information risk, limited awareness, investor recognition

48.

Innovative Originality, Profitability, and Stock Returns

Number of pages: 77 Posted: 26 Jul 2012 Last Revised: 12 May 2017
David A. Hirshleifer, Po-Hsuan Hsu and Dongmei Li
University of California, Irvine - Paul Merage School of Business, University of Hong Kong and University of South Carolina - Darla Moore School of Business - Department of Finance
Downloads 237 (55,981)
Citation 10

Abstract:

Limited attention, Market efficiency, Processing fluency, Innovative originality, Complexity, Ambiguity aversion

Overconfident Investors, Predictable Returns, and Excessive Trading

Journal of Economic Perspectives, Volume 29, Number 4, Fall 2015, Columbia Business School Research Paper No. 16-15
Number of pages: 37 Posted: 25 Jan 2016
Kent D. Daniel and David A. Hirshleifer
Columbia Business School - Finance and Economics and University of California, Irvine - Paul Merage School of Business
Downloads 194 (127,145)

Abstract:

asset pricing, efficient markets, anomalies, behavioral finance, overconfidence

Overconfident Investors, Predictable Returns, and Excessive Trading

NBER Working Paper No. w21945
Number of pages: 38 Posted: 01 Feb 2016
Kent D. Daniel and David A. Hirshleifer
Columbia Business School - Finance and Economics and University of California, Irvine - Paul Merage School of Business
Downloads 21 (447,088)
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Abstract:

50.

Asset Pricing in Production Economies with Extrapolative Expectations

Journal of Monetary Economics, Forthcoming, AFA 2012 Chicago Meetings Paper
Number of pages: 48 Posted: 21 Mar 2011 Last Revised: 25 Sep 2015
David A. Hirshleifer, Jun Li and Jianfeng Yu
University of California, Irvine - Paul Merage School of Business, University of Texas at Dallas and University of Minnesota
Downloads 214 (84,347)
Citation 3

Abstract:

Extrapolation, long-run risk, production-based model, recursive preferences

51.

The UMO (Undervalued Minus Overvalued) Factor

Number of pages: 6 Posted: 03 Aug 2011
David A. Hirshleifer and Danling Jiang
University of California, Irvine - Paul Merage School of Business and College of Business, SUNY at Stony Brook
Downloads 210 (93,923)
Citation 1

Abstract:

Misvaluation Factor, New Issues, Repurchases, External Financing, Return Predictability

52.

Taking the Road Less Traveled by: Does Conversation Eradicate Pernicious Cascades?

Merage School of Business Working Paper, University of California, Irvine
Number of pages: 28 Posted: 22 Aug 2003 Last Revised: 16 Sep 2010
H. Henry Cao, Bing Han and David A. Hirshleifer
University of North Carolina (UNC) at Chapel Hill - Finance Area, University of Toronto, Rotman School of Management and University of California, Irvine - Paul Merage School of Business
Downloads 187 (126,165)
Citation 7

Abstract:

information cascades, herding, conversation, imitation, information externality

53.

Style as an Attention Technology

Journal of Bioeconomics, 2009
Number of pages: 7 Posted: 20 Mar 2006 Last Revised: 13 Dec 2008
David A. Hirshleifer
University of California, Irvine - Paul Merage School of Business
Downloads 173 (132,390)

Abstract:

attention, style, technology

54.

Systemic Risk, Coordination Failures, and Preparedness Externalities: Applications to Tax and Accounting Policy

Number of pages: 17 Posted: 22 Aug 2009 Last Revised: 02 Sep 2009
Siew Hong Teoh and David A. Hirshleifer
University of California - Paul Merage School of Business and University of California, Irvine - Paul Merage School of Business
Downloads 172 (137,869)

Abstract:

regulation, taxation, systemic risk, risk management, preparedness externalities

55.

Opportunism as a Firm and Managerial Trait: Predicting Insider Trading Profits and Misconduct

Number of pages: 81 Posted: 24 Jul 2015 Last Revised: 31 Aug 2016
Usman Ali and David A. Hirshleifer
MIG Capital and University of California, Irvine - Paul Merage School of Business
Downloads 167 (41,207)

Abstract:

insider trading, managerial opportunism, managerial traits, misconduct, financial reporting, compensation

56.

Informational Cascades and Social Conventions

THE NEW PALGRAVE DICTIONARY OF ECONOMICS AND THE LAW, May 1988, University of Michigan Business School Working Paper No. 9705-10
Number of pages: 24 Posted: 05 Oct 2008 Last Revised: 29 Sep 2009
David A. Hirshleifer
University of California, Irvine - Paul Merage School of Business
Downloads 133 (164,812)
Citation 2

Abstract:

On the Survival of Overconfident Traders in a Competitive Securities Market

Journal of Financial Markets, Vol. 4, No. 1, pp. 73-84, January 2001
Number of pages: 22 Posted: 01 Dec 2008
Guo Ying Luo and David A. Hirshleifer
Rutgers, The State University of New Jersey - Management Science & Information Systems and University of California, Irvine - Paul Merage School of Business
Downloads 63 (291,727)
Citation 35

Abstract:

survivorship, natural selection, overconfident traders, noise traders

On the Survival of Overconfident Traders in a Competitive Securities Market

Dice Working Paper No. WP 99-9
Posted: 02 Mar 2000
David A. Hirshleifer and Guo Ying Luo
University of California, Irvine - Paul Merage School of Business and Rutgers, The State University of New Jersey - Management Science & Information Systems

Abstract:

58.

Herd Behaviour and Cascading in Capital Markets: A Review and Synthesis

European Financial Management, Vol. 9, pp. 25-66, 2003
Number of pages: 42 Posted: 18 Mar 2003
David A. Hirshleifer and Siew Hong Teoh
University of California, Irvine - Paul Merage School of Business and University of California - Paul Merage School of Business
Downloads 33 (373,884)
Citation 77
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Abstract:

Herd Behaviour, Informational Cascades, Social Learning, Analyst Herding, Capital Markets, Financial Reporting, Behavioral Finance, Investor Psychology, Market Efficiency

59.

Self-Enhancing Transmission Bias and Active Investing

Number of pages: 57 Posted: 02 Apr 2012 Last Revised: 05 Jun 2015
Bing Han and David A. Hirshleifer
University of Toronto, Rotman School of Management and University of California, Irvine - Paul Merage School of Business
Downloads 24 (133,083)
Citation 3

Abstract:

social interactions, self-enhancement, active investing, behavioral finance, behavioral economics, social networks, cultural evolution

60.

Uncertainty and Trading Strategies of Institutional Investors

Number of pages: 56 Posted: 20 Mar 2009
Itzhak Ben-David, John A. Doukas and David A. Hirshleifer
Ohio State University - Fisher College of Business, Finance Department, Old Dominion University - Strome College of Business and University of California, Irvine - Paul Merage School of Business
Downloads 9 (398,365)

Abstract:

Institutional investors, Trading volume, Overconfidence, Disposition effect, Uncertainty, Ambiguity, Investment strategies

61.

Social Transmission Bias and Investor Behavior

Number of pages: 59 Posted: 22 Sep 2015 Last Revised: 13 Aug 2016
Bing Han and David A. Hirshleifer
University of Toronto, Rotman School of Management and University of California, Irvine - Paul Merage School of Business
Downloads 8 (140,766)

Abstract:

capital markets, active investing, thought contagion, transmission bias, behavioral contagion, social influence, behavioral finance, sending schedule, receiving schedule, popular models, memes

62.

One Brief Shining Moment(um): Past Momentum Performance and Momentum Reversals

Number of pages: 40 Posted: 24 Apr 2017 Last Revised: 25 Apr 2017
Usman Ali, Kent D. Daniel and David A. Hirshleifer
MIG Capital, Columbia Business School - Finance and Economics and University of California, Irvine - Paul Merage School of Business
Downloads 0 (242,754)

Abstract:

63.

Model Uncertainty, Ambiguity Aversion, and Market Participation

Number of pages: 39 Posted: 17 Jan 2017 Last Revised: 19 Jan 2017
David A. Hirshleifer, Chong Huang and Siew Hong Teoh
University of California, Irvine - Paul Merage School of Business, University of California, Irvine - Paul Merage School of Business and University of California - Paul Merage School of Business
Downloads 0 (234,107)

Abstract:

index fund, limited participation, ambiguity aversion, limited unawareness, risk premium

64.

Social Transmission Bias and Active Investing

HKUST Finance Symposium 2016: Active Investing and Arbitrage Capital, Rotman School of Management Working Paper No. 2897801
Number of pages: 59 Posted: 11 Jan 2017
Bing Han and David A. Hirshleifer
University of Toronto - Finance Area and University of California, Irvine - Paul Merage School of Business
Downloads 0 (316,247)
Citation 3

Abstract:

capital markets, active investing, thought contagion, transmission bias, behavioral contagion, social in uence, behavioral nance, sending schedule, receiving schedule, popular models, memes

65.

A Checklist for Reviewing a Paper

Duke I&E Research Paper No. 2017-03, Stanford University Graduate School of Business Research Paper No. 17-6
Number of pages: 2 Posted: 21 Dec 2016 Last Revised: 08 Jan 2017
Jonathan Berk, Campbell R. Harvey and David A. Hirshleifer
Stanford Graduate School of Business, Duke University - Fuqua School of Business and University of California, Irvine - Paul Merage School of Business
Downloads 0 (27,230)

Abstract:

Referee Report, Cover Letter, Conflicts of Interest

66.

Mood Beta and Seasonalities in Stock Returns

Number of pages: 52 Posted: 07 Dec 2016 Last Revised: 14 Jan 2017
David A. Hirshleifer, Danling Jiang and Yuting Meng
University of California, Irvine - Paul Merage School of Business, College of Business, SUNY at Stony Brook and University of South Florida - Department of Finance
Downloads 0 (38,751)

Abstract:

Return Seasonality, Investor Mood, Mood Beta, Market Efficiency, Anomalies

67.

Stock Market Overvaluation, Moon Shots, and Corporate Innovation

Number of pages: 48 Posted: 03 Dec 2016
Ming Dong, David A. Hirshleifer and Siew Hong Teoh
York University - Schulich School of Business, University of California, Irvine - Paul Merage School of Business and University of California - Paul Merage School of Business
Downloads 0 (119,268)

Abstract:

Stock Market Misvaluation, Innovation, R&D, Patents, Behavioral Finance, Market Efficiency

68.

How to Write an Effective Referee Report and Improve the Scientific Review Process

Duke I&E Research Paper No. 2016-47
Number of pages: 14 Posted: 26 Nov 2016 Last Revised: 13 Dec 2016
Jonathan Berk, Campbell R. Harvey and David A. Hirshleifer
Stanford Graduate School of Business, Duke University - Fuqua School of Business and University of California, Irvine - Paul Merage School of Business
Downloads 0 (9,143)

Abstract:

Referee report, Cover letter, Ethics, Conflicts of Interest

69.

Visibility Bias in the Transmission of Consumption Norms and Undersaving

Rotman School of Management Working Paper No. 2798638
Number of pages: 38 Posted: 23 Jun 2016 Last Revised: 19 Sep 2016
Bing Han and David A. Hirshleifer
University of Toronto, Rotman School of Management and University of California, Irvine - Paul Merage School of Business
Downloads 0 (412,298)

Abstract:

social influence, social norm, visibility bias, availability heuristic, consumption, savings, behavioral contagion

70.

The Causal Effect of Limits to Arbitrage on Asset Pricing Anomalies

Number of pages: 45 Posted: 01 Dec 2015 Last Revised: 16 Jul 2016
Yongqiang Chu, David A. Hirshleifer and Liang Ma
University of South Carolina - Darla Moore School of Business, University of California, Irvine - Paul Merage School of Business and University of South Carolina - Darla Moore School of Business
Downloads 0 (42,768)

Abstract:

Limits to Arbitrage, Anomalies, Short Sale Constraints, Regulation SHO

71.

Residual Risk, Trading Costs and Commodity Futures Risk Premia

Review of Financial Studies, Vol. 2, pp. 173-193, Summer 1988
Posted: 03 Dec 2008
David A. Hirshleifer
University of California, Irvine - Paul Merage School of Business

Abstract:

72.

Overconfidence, Arbitrage, and Equilibrium Asset Pricing

Journal of Finance, Vol. 56, No. 3, pp. 921-965, June 2001
Posted: 01 Dec 2008
Kent D. Daniel, David A. Hirshleifer and Avanidhar Subrahmanyam
Columbia Business School - Finance and Economics, University of California, Irvine - Paul Merage School of Business and University of California, Los Angeles (UCLA) - Finance Area

Abstract:

73.

Share Tendering Strategies and the Success of Hostile Takeover Bids

Journal of Political Economy, Vol. 98, No. 2, pp. 295-324, April 1990
Posted: 01 Dec 2008
Sheridan Titman and David A. Hirshleifer
University of Texas at Austin - Department of Finance and University of California, Irvine - Paul Merage School of Business

Abstract:

74.

Risk, Managerial Effort and Project Choice

[1] Journal of Financial Intermediation, (3), (1992):308-45. [2] The Theory of Corporate Finance, Vol. 1, M.J. Brennan editor, Edward Elgar Publishers, Cheltenham, UK, 1996, pp. 419-58., Journal of Financial Intermediation, Vol. 3, 1992
Posted: 01 Dec 2008
David A. Hirshleifer and Yoon Suh
University of California, Irvine - Paul Merage School of Business and University of California, Los Angeles (UCLA) - Accounting Area

Abstract:

75.

Herding and Cascading in Capital Markets: A Review and Synthesis

European Financial Management, Vol. 9, No. 1, pp. 25-66, March 2003
Posted: 01 Dec 2008
David A. Hirshleifer and Siew Hong Teoh
University of California, Irvine - Paul Merage School of Business and University of California - Paul Merage School of Business

Abstract:

76.

Futures Trading, Storage and the Division of Risk: A Multiperiod Analysis

Economic Journal, Vol. 99, No. 397, pp. 700-719, September 1989
Posted: 01 Dec 2008
David A. Hirshleifer
University of California, Irvine - Paul Merage School of Business

Abstract:

77.

Managerial Conservatism, Project Choice and Debt

Review of Financial Studies, Vol. 5, No. 3, pp. 437-470, 1992
Posted: 01 Dec 2008
Anjan V. Thakor and David A. Hirshleifer
Washington University, Saint Louis - John M. Olin School of Business and University of California, Irvine - Paul Merage School of Business

Abstract:

78.

Corporate Control Through Board Dismissals and Takeovers

Journal of Economics and Management Strategy, Vol. 7, No. 4, pp. 489-520, 1998
Posted: 01 Dec 2008
David A. Hirshleifer and Anjan V. Thakor
University of California, Irvine - Paul Merage School of Business and Washington University, Saint Louis - John M. Olin School of Business

Abstract:

79.

Price Discrimination Through Offers to Match Price

Journal of Business, Vol. 60, No. 3, pp. 365-383, July 1987
Posted: 01 Dec 2008
David A. Hirshleifer
University of California, Irvine - Paul Merage School of Business

Abstract:

80.

Facilitation of Competing Bids and the Price of a Takeover Target

Review of Financial Studies, Vol. 2, No. 4, pp. 587-606, 1989
Posted: 01 Dec 2008
Ivan P. L. Png and David A. Hirshleifer
National University of Singapore (NUS) and University of California, Irvine - Paul Merage School of Business

Abstract:

81.

Managerial Performance, Boards of Directors and Takeover Bidding

Journal of Corporate Finance, Vol. 1, No. 1, pp. 63-90, 1994
Posted: 01 Dec 2008
Anjan V. Thakor and David A. Hirshleifer
Washington University, Saint Louis - John M. Olin School of Business and University of California, Irvine - Paul Merage School of Business

Abstract:

82.

Learning from the Behavior of Others: Conformity, Fads, and Informational Cascades

Journal of Economic Perspectives, Vol. 12, No. 3, pp. 151-70, Summer 1998
Posted: 01 Dec 2008
Sushil Bikhchandani, David A. Hirshleifer and Ivo Welch
University of California, Los Angeles - Anderson School of Management, University of California, Irvine - Paul Merage School of Business and University of California, Los Angeles (UCLA)

Abstract:

83.

Cooperation in a Repeated Prisoners' Dilemma with Ostracism

Journal of Economic Behavior and Organization, Vol. 12, No. 1, pp. 87-106, August 1989
Posted: 01 Dec 2008
Eric Bennett Rasmusen and David A. Hirshleifer
Indiana University - Kelley School of Business - Department of Business Economics & Public Policy and University of California, Irvine - Paul Merage School of Business

Abstract:

84.

Managerial Reputation and Corporate Investment Decisions

Financial Management, Vol. 22, No. 2, pp. 145-160, Summer 1993
Posted: 01 Dec 2008
David A. Hirshleifer
University of California, Irvine - Paul Merage School of Business

Abstract:

85.

Determinants of Hedging and Risk Premia in Commodity Futures Markets

Journal of Financial and Quantitative Analysis (JFQA), Vol. 24, No. 3, pp. 313-331, September 1989
Posted: 01 Dec 2008
David A. Hirshleifer
University of California, Irvine - Paul Merage School of Business

Abstract:

86.

Corporate Control and Majority Positions

Cuadernos Economicos de ICE, Vol. 50, No. 1, pp. 175-201, 1992
Posted: 01 Dec 2008
David A. Hirshleifer
University of California, Irvine - Paul Merage School of Business

Abstract:

87.

Investor Psychology and Security Market Under- and Over-Reactions

Journal of Finance, Vol. 53, No. 6, pp. 1839-1885, December 1998 , THE INTERNATIONAL LIBRARY OF CRITICAL WRITINGS IN FINANCIAL ECONOMICS, Hersh Shefrin, ed., Edward Elgar Publishers, 2002, ADVANCES IN BEHAVIORAL FINANCE II, Richard Thaler, ed., Princeton, 2002
Posted: 01 Dec 2008 Last Revised: 15 Aug 2014
Kent D. Daniel, David A. Hirshleifer and Avanidhar Subrahmanyam
Columbia Business School - Finance and Economics, University of California, Irvine - Paul Merage School of Business and University of California, Los Angeles (UCLA) - Finance Area

Abstract:

88.

Risk, Futures Pricing, and the Organization of Production in Commodity Markets

Journal of Political Economy, 96(6), December (1988):1206-1220.
Posted: 01 Dec 2008
David A. Hirshleifer
University of California, Irvine - Paul Merage School of Business

Abstract:

89.

Hedging Pressure and Futures Price Movements in a General Equilibrium Model

THE THEORY OF FUTURE MARKETS, P. Weller, ed., Blackwell Publishers, Oxford, UK and Cambridge MA, 1992, Econometrica Vol. 58, No. 2, pp. 411-458, 1990
Posted: 01 Dec 2008
David A. Hirshleifer
University of California, Irvine - Paul Merage School of Business

Abstract:

90.

Seasonal Patterns of Futures Hedging and the Resolution of Output Uncertainty

Journal of Economic Theory, Vol. 3, No. 2, pp. 304-327, April 1991
Posted: 01 Dec 2008
David A. Hirshleifer
University of California, Irvine - Paul Merage School of Business

Abstract:

91.

Futures Versus Share Contracting as Alternatives for Diversifying Output Risk

Economic Journal, Vol. 103, pp. 620-639, May 1993
Posted: 01 Dec 2008
David A. Hirshleifer and Avanidhar Subrahmanyam
University of California, Irvine - Paul Merage School of Business and University of California, Los Angeles (UCLA) - Finance Area

Abstract:

92.

Sidelined Investors, Trading-Generated News, and the Conditional Moments of Stock Returns

Review of Financial Studies, Vol. 15, No. 2, pp. 615-648, 2002
Posted: 01 Dec 2008
H. Henry Cao, Joshua D. Coval and David A. Hirshleifer
University of North Carolina (UNC) at Chapel Hill - Finance Area, Harvard Business School - Finance Unit and University of California, Irvine - Paul Merage School of Business

Abstract:

93.

Decisions Without Blinders

Harvard Business Review, Vol. 84, No. 4, April 2006
Posted: 19 Oct 2008
David A. Hirshleifer and Siew Hong Teoh
University of California, Irvine - Paul Merage School of Business and University of California - Paul Merage School of Business

Abstract:

94.

Price Theory and Applications: Decisions, Markets, and Information

Cambridge University Press, No. 7, 2005
Posted: 14 Oct 2008
Jack Hirshleifer, Amihai Glazer and David A. Hirshleifer
affiliation not provided to SSRN, University of California, Irvine - Department of Economics and University of California, Irvine - Paul Merage School of Business

Abstract:

95.

Takeovers

THE NEW PALGRAVE DICTIONARY OF MONEY AND FINANCE, 1993
Posted: 05 Oct 2008 Last Revised: 29 Sep 2009
David A. Hirshleifer
University of California, Irvine - Paul Merage School of Business

Abstract:

96.

Information Cascades

THE NEW PALGRAVE DICTIONARY OF ECONOMICS, Second Edition, Steven N. Durlauf and Lawrence E. Blume, eds., Palgrave Macmillan/U.K., 2008
Posted: 05 Oct 2008 Last Revised: 29 Sep 2009
Sushil Bikhchandani, David A. Hirshleifer and Ivo Welch
University of California, Los Angeles - Anderson School of Management, University of California, Irvine - Paul Merage School of Business and University of California, Los Angeles (UCLA)

Abstract:

97.

The Blurring of Boundaries between Financial Institutions and Markets

Journal of Financial Intermediation, Vol. 10, Nos. 3/4, pp.272-275, 2001
Posted: 05 Oct 2008 Last Revised: 29 Sep 2009
David A. Hirshleifer
University of California, Irvine - Paul Merage School of Business

Abstract:

98.

Deception and Self-Deception in Capital Markets

DECEPTION IN MARKETS, Caroline Gerschlager, ed., pp. 131-169, Palgrave Macmillan/U.K, 2005
Posted: 05 Oct 2008 Last Revised: 29 Sep 2009
Joshua D. Coval, David A. Hirshleifer and Siew Hong Teoh
Harvard Business School - Finance Unit, University of California, Irvine - Paul Merage School of Business and University of California - Paul Merage School of Business

Abstract:

99.

Mergers and Acquisitions: Strategic and Informational Issues

NORTH HOLLAND HANDBOOKS IN OPERATIONS RESEARCH AND MANAGEMENT SCIENCE: FINANCE, Vol. 9, pp. 839-887, 1995
Posted: 05 Oct 2008 Last Revised: 19 Oct 2008
David A. Hirshleifer
University of California, Irvine - Paul Merage School of Business

Abstract:

100.

Reputation, Incentives, and Managerial Decision

THE NEW PALGRAVE DICTIONARY OF MONEY AND FINANCE, Ch. 26, pp. 332-337, 1992
Posted: 05 Oct 2008 Last Revised: 19 Oct 2008
David A. Hirshleifer
University of California, Irvine - Paul Merage School of Business

Abstract:

101.

Information Cascades; Entry Written for the New Palgrave Dictionary of Economics

Posted: 14 Nov 2005
Sushil Bikhchandani, David A. Hirshleifer and Ivo Welch
University of California, Los Angeles - Anderson School of Management, University of California, Irvine - Paul Merage School of Business and University of California, Los Angeles (UCLA)

Abstract:

information cascades, information aggregation, social learning, cultural evolution

Security Analysis and Trading Patterns When Some Investors Receive Information Before Others

Journal of Finance, Vol. 49, No. 5, pp. 1665-1698, December 1994
Posted: 01 Dec 2008
Avanidhar Subrahmanyam, Sheridan Titman and David A. Hirshleifer
University of California, Los Angeles (UCLA) - Finance Area, University of Texas at Austin - Department of Finance and University of California, Irvine - Paul Merage School of Business

Abstract:

Security Analysis and Trading Patterns When Some Investors Receive Information Before Others

Anderson Graduate School of Management Working Paper at UCLA Number 7-93
Posted: 14 Sep 1999
David A. Hirshleifer, Avanidhar Subrahmanyam and Sheridan Titman
University of California, Irvine - Paul Merage School of Business, University of California, Los Angeles (UCLA) - Finance Area and University of Texas at Austin - Department of Finance

Abstract:

103.

Institutional Memory, Inertia, and Impulsiveness

Posted: 02 Sep 1999
David A. Hirshleifer and Ivo Welch
University of California, Irvine - Paul Merage School of Business and University of California, Los Angeles (UCLA)

Abstract:

104.

Do Takeovers Increase Value? An Intervention Approach

Posted: 11 Jul 1997
Sanjai Bhagat and David A. Hirshleifer
University of Colorado at Boulder - Department of Finance and University of California, Irvine - Paul Merage School of Business

Abstract:

105.

Market-Based Estimates of Value Gains from Takeovers: An Intervention Approach

Posted: 24 Feb 1997
Sanjai Bhagat and David A. Hirshleifer
University of Colorado at Boulder - Department of Finance and University of California, Irvine - Paul Merage School of Business

Abstract:

Other Papers (1)

Total Downloads: 23    Citations: 0
1.

Editorial: Cosmetic Surgery in the Academic Review Process

Number of pages: 15 Posted: 11 Dec 2014
David A. Hirshleifer
University of California, Irvine - Paul Merage School of Business
Downloads 18

Abstract:

cosmetic surgery, review process, publication process, publication delay, academic journals, sociology of science, signal-jamming, reputation, information asymmetry