Kevin Smith

Stanford University Graduate School of Business

655 Knight Way

Stanford, CA 94305-5015

United States

SCHOLARLY PAPERS

16

DOWNLOADS
Rank 7,924

SSRN RANKINGS

Top 7,924

in Total Papers Downloads

10,868

SSRN CITATIONS
Rank 17,153

SSRN RANKINGS

Top 17,153

in Total Papers Citations

74

CROSSREF CITATIONS

11

Scholarly Papers (16)

1.

Losing is Optional: Retail Option Trading and Expected Announcement Volatility

Number of pages: 65 Posted: 29 Mar 2022 Last Revised: 13 Jun 2023
Tim de Silva, Kevin Smith and Eric C. So
Massachusetts Institute of Technology (MIT), Economics, Finance, Accounting (EFA), Students, Stanford University Graduate School of Business and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 4,775 (3,803)
Citation 2

Abstract:

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Retail trading, option pricing, earnings announcements, volatility

2.

A Theory of Risk Disclosure

Review of Accounting Studies, Forthcoming
Number of pages: 47 Posted: 24 Jul 2015 Last Revised: 10 Jun 2017
Mirko Stanislav Heinle and Kevin Smith
University of Pennsylvania - Accounting Department and Stanford University Graduate School of Business
Downloads 1,036 (41,797)
Citation 17

Abstract:

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disclosure, variance uncertainty

3.
Downloads 857 (54,405)
Citation 15

Measuring Risk Information

Stanford University Graduate School of Business Research Paper No. 3519543
Number of pages: 63 Posted: 07 Feb 2020 Last Revised: 16 Apr 2021
Kevin Smith and Eric C. So
Stanford University Graduate School of Business and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 857 (53,595)
Citation 15

Abstract:

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risk information, option prices, earnings announcements, volatility forecasting

Measuring Risk Information

Journal of Accounting Research, Volume 60, Issue 2, 2022, Stanford University Graduate School of Business Research Paper No. 4129228, MIT Sloan Research Paper No. 6881-22
Posted: 11 Oct 2022 Last Revised: 14 May 2023
Kevin Smith and Eric C. So
Stanford University Graduate School of Business and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Abstract:

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risk uncertainty, earnings announcements, implied volatility, cost of capital, risk disclosure

4.

Disclosing to Informed Traders

Number of pages: 77 Posted: 06 Jan 2021 Last Revised: 19 Sep 2022
Snehal Banerjee, Ivan Marinovic and Kevin Smith
University of California, San Diego (UCSD) - Rady School of Management, Graduate School of Business, Stanford University and Stanford University Graduate School of Business
Downloads 664 (76,148)
Citation 6

Abstract:

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Voluntary Disclosure, Trading, Price Efficiency, Private Information

5.

Strategic Complexity in Disclosure

Journal of Accounting & Economics (JAE), Forthcoming
Number of pages: 66 Posted: 05 Oct 2021 Last Revised: 04 Aug 2023
Cyrus Aghamolla and Kevin Smith
Rice University and Stanford University Graduate School of Business
Downloads 589 (88,516)

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Financial reporting complexity, disclosure, complexity, obfuscation, disclosure informativeness, sophisticated investors, MD&A

6.

Asymmetric Disclosure, Noise Trade, and Firm Valuation

HEC Paris Research Paper Forthcoming
Number of pages: 73 Posted: 21 Oct 2020 Last Revised: 03 Jan 2023
New Economic School (NES), Graduate School of Business, Stanford University and Stanford University Graduate School of Business
Downloads 449 (123,311)
Citation 3

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Short-selling, Noise Trade, Disclosure, Bayesian Persuasion, Downside Risk, Trading

7.

Feedback Effects and Systematic Risk Exposures

Number of pages: 90 Posted: 20 Apr 2021 Last Revised: 13 Dec 2023
University of California, San Diego (UCSD) - Rady School of Management, University of California, San Diego (UCSD) - Rady School of Management and Stanford University Graduate School of Business
Downloads 419 (133,637)

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feedback effects, welfare, investment efficiency, hedging, market completeness, risk sharing, discount rate

8.

Climate Risk Disclosure and Risk Sharing in Financial Markets

Stanford University Graduate School of Business Research Paper No. 4552385
Number of pages: 69 Posted: 28 Aug 2023 Last Revised: 10 Oct 2023
Kevin Smith
Stanford University Graduate School of Business
Downloads 418 (133,999)

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climate finance, climate risk disclosure, carbon disclosure, investor welfare, disclosure regulation, risk sharing, Hirshleifer effect

9.

Risk Information, Investor Learning, and Informational Feedback

Stanford University Graduate School of Business Research Paper No. 19-8
Number of pages: 47 Posted: 04 Dec 2018 Last Revised: 25 Jan 2022
Kevin Smith
Stanford University Graduate School of Business
Downloads 416 (134,736)
Citation 8

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Risk Disclosure, Liquidity, Investment Efficiency

10.

Learning about Risk-Factor Exposures from Earnings: Implications for Asset Pricing and Manipulation

Journal of Accounting & Economics (JAE), Forthcoming, Stanford University Graduate School of Business Research Paper
Number of pages: 50 Posted: 09 Mar 2021 Last Revised: 29 Mar 2021
Anne Beyer and Kevin Smith
Stanford Graduate School of Business and Stanford University Graduate School of Business
Downloads 331 (173,597)
Citation 4

Abstract:

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Earnings betas, aggregate earnings, post-earnings announcement drift, earnings manipulation, return autocorrelation

11.

Asymmetric Information, Disagreement, and the Valuation of Debt and Equity

Stanford University Graduate School of Business Research Paper No. 4278165
Number of pages: 70 Posted: 22 Nov 2022 Last Revised: 20 May 2024
University of California, San Diego (UCSD) - Rady School of Management, University of California, San Diego (UCSD) - Rady School of Management and Stanford University Graduate School of Business
Downloads 305 (189,245)

Abstract:

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capital structure, rational expectations, difference of opinions, disagreement, liquidity trading, information quality

12.

Beyond the Event Window: Earnings Horizon and the Informativeness of Earnings Announcements

Number of pages: 51 Posted: 13 Jul 2023 Last Revised: 17 Jun 2024
Kevin Smith
Stanford University Graduate School of Business
Downloads 250 (231,849)

Abstract:

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JEL: D82, D84, G12, G14 Accounting information, quarterly reporting, earnings informativeness, earnings timeliness, delayed information processing

13.

An option-based approach to measuring disclosure asymmetry

Number of pages: 57 Posted: 17 Nov 2017 Last Revised: 28 Nov 2022
Kevin Smith
Stanford University Graduate School of Business
Downloads 250 (231,849)
Citation 3

Abstract:

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Option prices, disclosure, asymmetry, earnings announcements, model-free implied skewness

14.

Constrained Listening, Audience Alignment, and Expert Communication

Number of pages: 50 Posted: 13 Nov 2017
Stanford University Graduate School of Business, University of Pennsylvania - Accounting Department and University of Pennsylvania - Accounting DepartmentUniversity of Pennsylvania
Downloads 109 (470,056)
Citation 1

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Cheap talk, communication, media bias

15.

Financial Markets with Trade on Risk and Return

The Review of Financial Studies, Volume 32, Issue 10, Stanford University Graduate School of Business Research Paper No. 3454563, Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Posted: 25 Sep 2019
Kevin Smith
Stanford University Graduate School of Business

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16.

Risk-Factor Disclosure and Asset Prices

The Accounting Review, Forthcoming
Posted: 13 Feb 2018
University of Pennsylvania - Accounting Department, Stanford University Graduate School of Business and University of Pennsylvania - Accounting Department

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Factor loading, disclosure, capital markets