Josef Lakonishok

University of Illinois at Urbana-Champaign

William G. Karnes Professor in Mergers & Acquisitions

1206 South Sixth Street

Champaign, IL 61820

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

24

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CITATIONS
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2,700

Scholarly Papers (24)

1.

Earnings Quality and Stock Returns: The Evidence from Accruals

Number of pages: 38 Posted: 15 Feb 2001
National Chengchi Unversity (NCCU) - Finance, Emory University - Department of Finance, University of Illinois at Urbana-Champaign - Department of Finance and University of Illinois at Urbana-Champaign
Downloads 4,162 (1,785)
Citation 52

Abstract:

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The Stock Market Valuation of Research and Development Expenditures

Number of pages: 43 Posted: 03 Jan 2000
Louis K.C. Chan, Josef Lakonishok and Theodore Sougiannis
University of Illinois at Urbana-Champaign - Department of Finance, University of Illinois at Urbana-Champaign and University of Illinois at Urbana-Champaign - Department of Accountancy
Downloads 3,074 (3,030)
Citation 179

Abstract:

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The Stock Market Valuation of Research and Development Expenditures

NBER Working Paper No. w7223
Number of pages: 46 Posted: 11 Jun 2000 Last Revised: 13 Oct 2010
Louis K.C. Chan, Josef Lakonishok and Theodore Sougiannis
University of Illinois at Urbana-Champaign - Department of Finance, University of Illinois at Urbana-Champaign and University of Illinois at Urbana-Champaign - Department of Accountancy
Downloads 134 (197,140)
Citation 179

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3.
Downloads 2,029 ( 6,244)

Momentum Strategies

NBER Working Paper No. w5375
Number of pages: 40 Posted: 24 Jul 2000 Last Revised: 24 Sep 2010
Louis K.C. Chan, Narasimhan Jegadeesh and Josef Lakonishok
University of Illinois at Urbana-Champaign - Department of Finance, Emory University - Department of Finance and University of Illinois at Urbana-Champaign
Downloads 2,029 (6,103)
Citation 377

Abstract:

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Momentum Strategies

J. OF FINANCE, Vol. 51 No. 5, December 1996
Posted: 23 Oct 1996
Louis K.C. Chan, Narasimhan Jegadeesh and Josef Lakonishok
University of Illinois at Urbana-Champaign - Department of Finance, Emory University - Department of Finance and University of Illinois at Urbana-Champaign

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Analysts' Conflict of Interest and Biases in Earnings Forecasts

AFA 2004 San Diego Meetings; EFMA 2003 Helsinki Meetings
Number of pages: 58 Posted: 11 May 2003
Louis K.C. Chan, Jason J. Karceski and Josef Lakonishok
University of Illinois at Urbana-Champaign - Department of Finance, LSV Asset Management and University of Illinois at Urbana-Champaign
Downloads 1,132 (15,868)
Citation 36

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Analysts' Conflict of Interest and Biases in Earnings Forecasts

NBER Working Paper No. w9544
Number of pages: 48 Posted: 08 Mar 2003 Last Revised: 01 Nov 2010
Louis K.C. Chan, Jason J. Karceski and Josef Lakonishok
University of Illinois at Urbana-Champaign - Department of Finance, LSV Asset Management and University of Illinois at Urbana-Champaign
Downloads 46 (377,288)
Citation 35

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5.
Downloads 1,097 ( 16,929)
Citation 73

The Level and Persistence of Growth Rates

EFMA 2002 London Meetings
Number of pages: 52 Posted: 14 Jun 2002
Louis K.C. Chan, Jason J. Karceski and Josef Lakonishok
University of Illinois at Urbana-Champaign - Department of Finance, LSV Asset Management and University of Illinois at Urbana-Champaign
Downloads 953 (20,508)
Citation 73

Abstract:

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The Level and Persistence of Growth Rates

NBER Working Paper No. w8282
Number of pages: 47 Posted: 10 May 2001 Last Revised: 22 Oct 2010
Louis K.C. Chan, Jason J. Karceski and Josef Lakonishok
University of Illinois at Urbana-Champaign - Department of Finance, LSV Asset Management and University of Illinois at Urbana-Champaign
Downloads 144 (185,911)
Citation 73

Abstract:

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The Level and Persistence of Growth Rates

Journal of Finance, Vol. 58, pp. 643-684, April 2003
Posted: 12 Oct 2003
Louis K.C. Chan, Jason J. Karceski and Josef Lakonishok
University of Illinois at Urbana-Champaign - Department of Finance, LSV Asset Management and University of Illinois at Urbana-Champaign

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6.
Downloads 879 ( 23,563)
Citation 794

Contrarian Investment, Extrapolation, and Risk

NBER Working Paper No. w4360
Number of pages: 48 Posted: 27 Apr 2000 Last Revised: 17 Jan 2002
Josef Lakonishok, Andrei Shleifer and Robert W. Vishny
University of Illinois at Urbana-Champaign, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 879 (23,175)
Citation 794

Abstract:

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Contrarian Investment, Extrapolation, and Risk

JOURNAL OF FINANCE, VOL. 49, NO. 5, December 1994
Posted: 26 Oct 1999
Josef Lakonishok, Andrei Shleifer and Robert W. Vishny
University of Illinois at Urbana-Champaign, Harvard University - Department of Economics and University of Chicago - Booth School of Business

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Benchmarking Money Manager Performance: Issues and Evidence

Number of pages: 61 Posted: 08 Aug 2006 Last Revised: 23 Mar 2009
Louis K.C. Chan, Stephen G. Dimmock and Josef Lakonishok
University of Illinois at Urbana-Champaign - Department of Finance, Nanyang Technological University - Division of Finance and University of Illinois at Urbana-Champaign
Downloads 432 (59,626)
Citation 12

Abstract:

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Benchmarking, Portfolio Manager, Institutional Investors, Performance Evaluation

Benchmarking Money Manager Performance: Issues and Evidence

NBER Working Paper No. w12461
Number of pages: 63 Posted: 21 Aug 2006 Last Revised: 21 Jul 2010
Louis K.C. Chan, Stephen G. Dimmock and Josef Lakonishok
University of Illinois at Urbana-Champaign - Department of Finance, Nanyang Technological University - Division of Finance and University of Illinois at Urbana-Champaign
Downloads 33 (428,473)
Citation 12

Abstract:

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Benchmarking Money Manager Performance: Issues and Evidence

The Review of Financial Studies, Vol. 22, Issue 11, pp. 4553-4599, 2009
Posted: 08 Dec 2009
Louis K.C. Chan, Stephen G. Dimmock and Josef Lakonishok
University of Illinois at Urbana-Champaign - Department of Finance, Nanyang Technological University - Division of Finance and University of Illinois at Urbana-Champaign

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8.
Downloads 392 ( 68,076)
Citation 374

Market Underreaction to Open Market Share Repurchases

NBER Working Paper No. w4965
Number of pages: 33 Posted: 25 Jul 2000 Last Revised: 30 Jul 2010
David L. Ikenberry, Josef Lakonishok and Theo Vermaelen
Leeds School of Business, University of Colorado Boulder, University of Illinois at Urbana-Champaign and INSEAD - Finance
Downloads 392 (67,480)
Citation 374

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Market Underreaction to Open Market Share Repurchases

Rice University Working Paper Series No 106
Posted: 06 Sep 1999
David L. Ikenberry, Josef Lakonishok and Theo Vermaelen
Leeds School of Business, University of Colorado Boulder, University of Illinois at Urbana-Champaign and INSEAD - Finance

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9.

Good News for Value Stocks: Further Evidence on Market Efficiency

NBER Working Paper No. w5311
Number of pages: 24 Posted: 02 Sep 2000 Last Revised: 24 Sep 2010
Dartmouth College - Tuck School of Business, University of Illinois at Urbana-Champaign, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 302 (91,275)
Citation 141

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10.
Downloads 282 ( 98,378)
Citation 101

Earnings Quality and Stock Returns

NBER Working Paper No. w8308
Number of pages: 38 Posted: 03 Jun 2001 Last Revised: 22 Oct 2010
National Chengchi Unversity (NCCU) - Finance, Emory University - Department of Finance, University of Illinois at Urbana-Champaign - Department of Finance and University of Illinois at Urbana-Champaign
Downloads 282 (97,882)
Citation 101

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Earnings Quality and Stock Returns

Journal of Business, July 2006
Posted: 28 Feb 2005
National Chengchi Unversity (NCCU) - Finance, Emory University - Department of Finance, University of Illinois at Urbana-Champaign - Department of Finance and University of Illinois at Urbana-Champaign

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On Portfolio Optimization: Forecasting Covariances and Choosing the Risk Model

NBER Working Paper No. w7039
Number of pages: 60 Posted: 20 Apr 1999 Last Revised: 12 Oct 2010
Louis K.C. Chan, Jason J. Karceski and Josef Lakonishok
University of Illinois at Urbana-Champaign - Department of Finance, LSV Asset Management and University of Illinois at Urbana-Champaign
Downloads 258 (107,558)
Citation 78

Abstract:

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On Portfolio Optimization: Forecasting Covariances and Choosing the Risk Model

As Published in Review of Financial Studies, Volume 12, Issue 5
Posted: 13 Mar 2000
Louis K.C. Chan, Jason J. Karceski and Josef Lakonishok
University of Illinois at Urbana-Champaign - Department of Finance, LSV Asset Management and University of Illinois at Urbana-Champaign

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12.

Are Insiders' Trades Informative?

NBER Working Paper No. w6656
Number of pages: 47 Posted: 11 Sep 1998 Last Revised: 10 Oct 2010
Josef Lakonishok and Inmoo Lee
University of Illinois at Urbana-Champaign and KAIST College of Business
Downloads 213 (130,952)
Citation 39

Abstract:

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13.

Window Dressing by Pension Fund Managers

NBER Working Paper No. w3617
Number of pages: 15 Posted: 08 Jan 2008
University of Illinois at Urbana-Champaign, Harvard University - Department of Economics, University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 191 (145,043)
Citation 139

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14.

On Mutual Fund Investment Styles

NBER Working Paper No. w7215
Number of pages: 48 Posted: 15 Dec 1999 Last Revised: 13 Oct 2010
Louis K.C. Chan, Hsiu-Lang Chen and Josef Lakonishok
University of Illinois at Urbana-Champaign - Department of Finance, University of Illinois at Chicago - Department of Finance and University of Illinois at Urbana-Champaign
Downloads 190 (146,469)
Citation 77

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15.

Do Institutional Investors Destabilize Stock Prices? Evidence on Herding and Feedback Trading

NBER Working Paper No. w3846
Number of pages: 32 Posted: 27 Apr 2000 Last Revised: 15 Jul 2010
Josef Lakonishok, Andrei Shleifer and Robert W. Vishny
University of Illinois at Urbana-Champaign, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 187 (147,931)
Citation 16

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16.

Investor Behavior in the Option Market

NBER Working Paper No. w10264
Number of pages: 54 Posted: 31 Jan 2004 Last Revised: 20 Jul 2010
Josef Lakonishok, Inmoo Lee and Allen M. Poteshman
University of Illinois at Urbana-Champaign, KAIST College of Business and University of Illinois at Urbana-Champaign - Department of Finance
Downloads 130 (201,288)
Citation 6

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17.

Stock Repurchases in Canada: Performance and Strategic Trading

NBER Working Paper No. w7325
Number of pages: 37 Posted: 11 Feb 2000 Last Revised: 13 Oct 2010
David L. Ikenberry, Josef Lakonishok and Theo Vermaelen
Leeds School of Business, University of Colorado Boulder, University of Illinois at Urbana-Champaign and INSEAD - Finance
Downloads 129 (202,505)
Citation 102

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18.
Downloads 113 (223,734)

The Risk and Return from Factors

NBER Working Paper No. w6098
Number of pages: 43 Posted: 10 Feb 1998 Last Revised: 06 Oct 2010
Louis K.C. Chan, J. Karaceski and Josef Lakonishok
University of Illinois at Urbana-Champaign - Department of Finance, affiliation not provided to SSRN and University of Illinois at Urbana-Champaign
Downloads 113 (224,817)
Citation 75

Abstract:

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The Risk and Return from Factors

Journal of Financial and Quantitative Analysis, June 1998
Posted: 15 Jun 1998
Josef Lakonishok, Louis K.C. Chan and Jason J. Karceski
University of Illinois at Urbana-Champaign, University of Illinois at Urbana-Champaign - Department of Finance and LSV Asset Management

Abstract:

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19.

A Cross-Market Comparison of Institutional Equity Trading Costs

NBER Working Paper No. w5374
Number of pages: 36 Posted: 07 Jul 2000 Last Revised: 24 Sep 2010
Louis K.C. Chan and Josef Lakonishok
University of Illinois at Urbana-Champaign - Department of Finance and University of Illinois at Urbana-Champaign
Downloads 59 (331,279)

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20.

Are Analysts all Alike? Identifying Earnings Forecasting Ability

Journal of Investment Management, Vol. 6, No. 2, Second Quarter 2008
Posted: 15 May 2008
University of Illinois at Urbana-Champaign - Department of Finance, Leeds School of Business, University of Colorado Boulder, University of Illinois at Urbana-Champaign and University of Illinois at Urbana-Champaign - Department of Finance

Abstract:

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Security analysts, earnings forecasts, forcast accuracy, all-star analysts

21.

Industry Classifications and Return Comovement

Financial Analysts Journal, Vol. 63, No. 6, 2007
Posted: 14 Dec 2007
Louis K.C. Chan, Josef Lakonishok and Bhaskaran Swaminathan
University of Illinois at Urbana-Champaign - Department of Finance, University of Illinois at Urbana-Champaign and LSV Asset Management

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Portfolio Management: Equity Strategies, Asset Allocation

22.

Value and Growth Investing: Review and Update

Financial Analysts Journal, Vol. 60, No. 1, pp. 71-86, January/February 2004
Posted: 13 Feb 2004
Louis K.C. Chan and Josef Lakonishok
University of Illinois at Urbana-Champaign - Department of Finance and University of Illinois at Urbana-Champaign

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Portfolio Management, Equity Strategies, Investment Theory, Behavioral Finance

23.

Are Insider Trades Informative?

Review of Financial Studies, Vol. 14, Issue 1, Spring 2001
Posted: 05 Mar 2001
Josef Lakonishok and Inmoo Lee
University of Illinois at Urbana-Champaign and KAIST College of Business

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24.

The Behavior of Stock Prices Around Institutional Trades

JOURNAL OF FINANCE, Vol 50 No. 4, September 1995
Posted: 25 Aug 1998
Louis K.C. Chan and Josef Lakonishok
University of Illinois at Urbana-Champaign - Department of Finance and University of Illinois at Urbana-Champaign

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