Harrison G. Hong

Columbia University, Graduate School of Arts and Sciences, Department of Economics

420 W. 118th Street

New York, NY 10027

United States

National Bureau of Economic Research (NBER)

Research Associate

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

56

DOWNLOADS
Rank 249

SSRN RANKINGS

Top 249

in Total Papers Downloads

47,191

CITATIONS
Rank 93

SSRN RANKINGS

Top 93

in Total Papers Citations

2,781

Scholarly Papers (56)

What Does Futures Market Interest Tell Us about the Macroeconomy and Asset Prices?

Journal of Financial Economics (JFE), Vol. 105, No. 3, 2012, AFA 2010 Atlanta Meetings Paper
Number of pages: 46 Posted: 22 Mar 2009 Last Revised: 24 Jun 2012
Harrison G. Hong and Motohiro Yogo
Columbia University, Graduate School of Arts and Sciences, Department of Economics and Princeton University - Department of Economics
Downloads 3,502 (2,032)
Citation 22

Abstract:

Bonds, Business cycle, Commodities, Currencies, Futures market, Inflation

What Does Futures Market Interest Tell Us About the Macroeconomy and Asset Prices?

NBER Working Paper No. w16712
Number of pages: 47 Posted: 24 Jan 2011
Harrison G. Hong and Motohiro Yogo
Columbia University, Graduate School of Arts and Sciences, Department of Economics and Princeton University - Department of Economics
Downloads 63 (295,951)
Citation 22

Abstract:

2.
Downloads 3,021 ( 2,709)
Citation 14

Speculative Betas

Journal of Finance, Forthcoming
Number of pages: 84 Posted: 03 Dec 2011 Last Revised: 21 Nov 2015
Harrison G. Hong and David Alexandre Sraer
Columbia University, Graduate School of Arts and Sciences, Department of Economics and University of California, Berkeley
Downloads 2,999 (2,683)
Citation 14

Abstract:

Speculative Betas

NBER Working Paper No. w18548
Number of pages: 51 Posted: 20 Nov 2012
Harrison G. Hong and David Alexandre Sraer
Columbia University, Graduate School of Arts and Sciences, Department of Economics and University of California, Berkeley
Downloads 22 (447,596)
Citation 14

Abstract:

Regression Discontinuity and the Price Effects of Stock Market Indexing

Review of Financial Studies, Vol. 28, No. 1, 2015
Number of pages: 53 Posted: 03 Jul 2013 Last Revised: 19 Jul 2015
Yen-Cheng Chang, Harrison G. Hong and Inessa Liskovich
National Taiwan University - College of Management, Columbia University, Graduate School of Arts and Sciences, Department of Economics and University of Texas at Austin - Department of Finance
Downloads 1,560 (8,305)
Citation 2

Abstract:

index inclusion, regression discontinuity

Rules and Regression Discontinuities in Asset Markets

Number of pages: 46 Posted: 29 Aug 2011 Last Revised: 13 Aug 2013
Yen-Cheng Chang and Harrison G. Hong
National Taiwan University - College of Management and Columbia University, Graduate School of Arts and Sciences, Department of Economics
Downloads 648 (31,450)
Citation 1

Abstract:

portfolio rules, regression discontinuity, index inclusion

Regression Discontinuity and the Price Effects of Stock Market Indexing

NBER Working Paper No. w19290
Number of pages: 54 Posted: 10 Aug 2013
Yen-Cheng Chang, Harrison G. Hong and Inessa Liskovich
National Taiwan University - College of Management, Columbia University, Graduate School of Arts and Sciences, Department of Economics and University of Texas at Austin - Department of Finance
Downloads 13 (499,647)
Citation 2

Abstract:

4.

The Price of Sin: The Effects of Social Norms on Markets

Sauder School of Business Working Paper, AFA 2008 New Orleans Meetings Paper, EFA 2006 Zurich Meetings
Number of pages: 50 Posted: 05 Aug 2005
Marcin T. Kacperczyk and Harrison G. Hong
Imperial College London - Accounting, Finance, and Macroeconomics and Columbia University, Graduate School of Arts and Sciences, Department of Economics
Downloads 2,211 (4,061)
Citation 81

Abstract:

social norms, financial markets, sin stocks

Yesterday's Heroes: Compensation and Risk at Financial Firms

AFA 2011 Denver Meetings Paper, ECGI - Finance Working Paper No. 285/2010
Number of pages: 53 Posted: 11 Nov 2009 Last Revised: 31 May 2014
Ing-Haw Cheng, Harrison G. Hong and Jose A. Scheinkman
Tuck School of Business at Dartmouth, Columbia University, Graduate School of Arts and Sciences, Department of Economics and Columbia University
Downloads 2,107 (4,953)
Citation 4

Abstract:

financial crisis, executive compensation

Yesterday's Heroes: Compensation and Creative Risk-Taking

NBER Working Paper No. w16176
Number of pages: 41 Posted: 12 Jul 2010
Ing-Haw Cheng, Harrison G. Hong and Jose A. Scheinkman
Tuck School of Business at Dartmouth, Columbia University, Graduate School of Arts and Sciences, Department of Economics and Columbia University
Downloads 81 (256,039)
Citation 41

Abstract:

6.
Downloads 2,103 ( 5,071)

Days to Cover and Stock Returns

29th Australasian Finance and Banking Conference 2016
Number of pages: 63 Posted: 26 Feb 2015 Last Revised: 11 Nov 2016
Columbia University, Graduate School of Arts and Sciences, Department of Economics, Singapore Management University - Lee Kong Chian School of Business, Hong Kong University of Science and Technology, Columbia University and Quantitative Investment Strategies, Goldman Sachs Asset Management
Downloads 2,085 (5,043)

Abstract:

Days to Cover, Crowded Trades, Stock Returns

Days to Cover and Stock Returns

NBER Working Paper No. w21166
Number of pages: 51 Posted: 18 May 2015
Columbia University, Graduate School of Arts and Sciences, Department of Economics, Singapore Management University - Lee Kong Chian School of Business, Hong Kong University of Science and Technology, Columbia University and Quantitative Investment Strategies, Goldman Sachs Asset Management
Downloads 18 (470,726)

Abstract:

7.
Downloads 1,999 ( 5,520)
Citation 17

Financial Constraints on Corporate Goodness

Number of pages: 49 Posted: 04 Jan 2011 Last Revised: 26 Apr 2012
Harrison G. Hong, Jeffrey D. Kubik and Jose A. Scheinkman
Columbia University, Graduate School of Arts and Sciences, Department of Economics, Syracuse University - Department of Economics and Columbia University
Downloads 1,746 (6,856)
Citation 17

Abstract:

Corporate Social Responsibility, Socially Responsible Investing, Financial Constraints, Financial Slack, Externalities, Public Goods

Financial Constraints on Corporate Goodness

AFA 2012 Chicago Meetings Paper
Number of pages: 44 Posted: 14 Mar 2011
Jeffrey D. Kubik, Jose A. Scheinkman and Harrison G. Hong
Syracuse University - Department of Economics, Columbia University and Columbia University, Graduate School of Arts and Sciences, Department of Economics
Downloads 236 (106,342)
Citation 17

Abstract:

Corporate Social Responsibility, Socially Responsible Investing, Financial Constraints, Financial Slack, Externalities, Public Goods

Financial Constraints on Corporate Goodness

NBER Working Paper No. w18476
Number of pages: 48 Posted: 20 Oct 2012
Harrison G. Hong, Jeffrey D. Kubik and Jose A. Scheinkman
Columbia University, Graduate School of Arts and Sciences, Department of Economics, Syracuse University - Department of Economics and Columbia University
Downloads 17 (476,575)
Citation 17

Abstract:

Forecasting Crashes: Trading Volume, Past Returns and Conditional Skewness in Stock Prices

Number of pages: 47 Posted: 03 Jan 2000
Joseph Chen, Harrison G. Hong and Jeremy C. Stein
University of California, Davis - Graduate School of Management, Columbia University, Graduate School of Arts and Sciences, Department of Economics and Harvard University - Department of Economics
Downloads 1,761 (6,745)
Citation 107

Abstract:

Forecasting Crashes: Trading Volume, Past Returns and Conditional Skewness in Stock Prices

NBER Working Paper No. w7687
Number of pages: 49 Posted: 16 May 2000
Joseph Chen, Harrison G. Hong and Jeremy C. Stein
University of California, Davis - Graduate School of Management, Columbia University, Graduate School of Arts and Sciences, Department of Economics and Harvard University - Department of Economics
Downloads 128 (185,353)
Citation 107

Abstract:

9.

Do Managers Do Good with Other Peoples' Money?

AFA 2013 San Diego Meetings Paper, Fama-Miller Working Paper, UCD & CalPERS Sustainability & Finance Symposium 2013, Chicago Booth Research Paper No. 12-47
Number of pages: 73 Posted: 20 Nov 2011 Last Revised: 14 May 2016
Ing-Haw Cheng, Harrison G. Hong and Kelly Shue
Tuck School of Business at Dartmouth, Columbia University, Graduate School of Arts and Sciences, Department of Economics and University of Chicago - Booth School of Business
Downloads 1,524 (5,073)
Citation 9

Abstract:

corporate social responsibility, agency costs

10.

Does Fund Size Erode Mutual Fund Performance? The Role of Liquidity and Organization

American Economic Review, Vol. 94, No. 5, 2004
Number of pages: 51 Posted: 27 Feb 2003 Last Revised: 12 Feb 2010
Joseph Chen, Harrison G. Hong, Ming Huang and Jeffrey D. Kubik
University of California, Davis - Graduate School of Management, Columbia University, Graduate School of Arts and Sciences, Department of Economics, Cornell University - Samuel Curtis Johnson Graduate School of Management and Syracuse University - Department of Economics
Downloads 1,304 (10,010)
Citation 166

Abstract:

11.
Downloads 1,262 ( 11,948)
Citation 6

Quiet Bubbles

Number of pages: 44 Posted: 22 Feb 2011 Last Revised: 21 Nov 2011
Harrison G. Hong and David Alexandre Sraer
Columbia University, Graduate School of Arts and Sciences, Department of Economics and University of California, Berkeley
Downloads 1,244 (11,935)
Citation 6

Abstract:

Bubbles, Financial Crisis, Sub-Prime Mortgage Securities, Credit

Quiet Bubbles

NBER Working Paper No. w18547
Number of pages: 43 Posted: 20 Nov 2012
Harrison G. Hong and David Alexandre Sraer
Columbia University, Graduate School of Arts and Sciences, Department of Economics and University of California, Berkeley
Downloads 18 (470,726)
Citation 6

Abstract:

12.

Do Security Analysts Discipline Credit Rating Agencies?

AFA 2013 San Diego Meetings Paper
Number of pages: 53 Posted: 12 Dec 2011 Last Revised: 20 Aug 2014
University of New South Wales - School of Banking and Finance, Columbia University, Graduate School of Arts and Sciences, Department of Economics, Imperial College London - Accounting, Finance, and Macroeconomics and Syracuse University - Department of Economics
Downloads 1,231 (9,754)
Citation 5

Abstract:

credit rating agencies, rating bias, competition

13.

Do Industries Lead the Stock Market? Gradual Diffusion of Information and Cross-Asset Return Predictability

AFA 2004 San Diego Meetings; Anderson School of Management Working Paper
Number of pages: 42 Posted: 23 Nov 2003
Walter N. Torous, Rossen I. Valkanov and Harrison G. Hong
Massachusetts Institute of Technology, University of California, San Diego (UCSD) - Rady School of Management and Columbia University, Graduate School of Arts and Sciences, Department of Economics
Downloads 1,214 (12,089)
Citation 16

Abstract:

Security Analysts' Career Concerns and Herding of Earnings Forecasts

Number of pages: 35 Posted: 11 Jan 1999
Jeffrey D. Kubik, Amit Solomon and Harrison G. Hong
Syracuse University - Department of Economics, Salomon Smith Barney and Columbia University, Graduate School of Arts and Sciences, Department of Economics
Downloads 1,119 (14,115)
Citation 177

Abstract:

Security Analysts' Career Concerns and Herding of Earnings Forecasts

RAND Journal of Economics, Vol. 31, Issue 1
Posted: 11 Oct 2000
Jeffrey D. Kubik, Amit Solomon and Harrison G. Hong
Syracuse University - Department of Economics, Salomon Smith Barney and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Abstract:

15.
Downloads 1,065 ( 15,583)
Citation 32

Competition and Bias

EFA 2008 Athens Meetings Paper, AFA 2009 San Francisco Meetings Paper
Number of pages: 54 Posted: 17 Mar 2008
Harrison G. Hong and Marcin T. Kacperczyk
Columbia University, Graduate School of Arts and Sciences, Department of Economics and Imperial College London - Accounting, Finance, and Macroeconomics
Downloads 709 (27,800)
Citation 32

Abstract:

analyst bias, competition

Competition and Bias

NYU Working Paper No. FIN-08-016
Number of pages: 54 Posted: 09 Mar 2009
Marcin T. Kacperczyk and Harrison G. Hong
Imperial College London - Accounting, Finance, and Macroeconomics and Columbia University, Graduate School of Arts and Sciences, Department of Economics
Downloads 356 (67,260)
Citation 32

Abstract:

16.
Downloads 1,056 ( 15,786)
Citation 246

Breadth of Ownership and Stock Returns

AFA 2002 Atlanta Meetings
Number of pages: 48 Posted: 03 Jan 2001
Joseph Chen, Harrison G. Hong and Jeremy C. Stein
University of California, Davis - Graduate School of Management, Columbia University, Graduate School of Arts and Sciences, Department of Economics and Harvard University - Department of Economics
Downloads 952 (18,062)
Citation 246

Abstract:

Breadth of Ownership and Stock Returns

NBER Working Paper No. w8151
Number of pages: 49 Posted: 08 Mar 2001
Joseph Chen, Harrison G. Hong and Jeremy C. Stein
University of California, Davis - Graduate School of Management, Columbia University, Graduate School of Arts and Sciences, Department of Economics and Harvard University - Department of Economics
Downloads 104 (216,790)
Citation 246

Abstract:

Crime, Punishment and the Value of Corporate Social Responsibility

Number of pages: 62 Posted: 06 Sep 2014 Last Revised: 22 Mar 2016
Harrison G. Hong and Inessa Liskovich
Columbia University, Graduate School of Arts and Sciences, Department of Economics and University of Texas at Austin - Department of Finance
Downloads 897 (19,776)
Citation 1

Abstract:

Corporate Social Responsibility, Foreign Corrupt Practices Act

Crime, Punishment and the Halo Effect of Corporate Social Responsibility

NBER Working Paper No. w21215
Number of pages: 47 Posted: 01 Jun 2015
Harrison G. Hong and Inessa Liskovich
Columbia University, Graduate School of Arts and Sciences, Department of Economics and University of Texas at Austin - Department of Finance
Downloads 17 (476,575)
Citation 1

Abstract:

18.

Trading for Status

Review of Financial Studies, Vol. 27, No. 11, 2014
Number of pages: 65 Posted: 20 Nov 2011 Last Revised: 30 Mar 2015
Harrison G. Hong, Wenxi Jiang, Na Wang and Bin Zhao
Columbia University, Graduate School of Arts and Sciences, Department of Economics, CUHK Business School, The Chinese University of Hong Kong, Hofstra University - Frank G. Zarb School of Business and Shanghai Advanced Institute of Finance
Downloads 877 (20,813)
Citation 1

Abstract:

19.

Do Arbitrageurs Amplify Economic Shocks?

Number of pages: 52 Posted: 02 Mar 2007 Last Revised: 04 Jun 2011
Harrison G. Hong, Jeffrey D. Kubik and Tal Fishman
Columbia University, Graduate School of Arts and Sciences, Department of Economics, Syracuse University - Department of Economics and Princeton University - Bendheim Center for Finance
Downloads 823 (20,470)
Citation 10

Abstract:

20.

Does Fund Size Erode Performance? Liquidity, Organizational Diseconomies and Active Money Management

Number of pages: 44 Posted: 20 Jun 2003
Joseph Chen, Harrison G. Hong, Ming Huang and Jeffrey D. Kubik
University of California, Davis - Graduate School of Management, Columbia University, Graduate School of Arts and Sciences, Department of Economics, Cornell University - Samuel Curtis Johnson Graduate School of Management and Syracuse University - Department of Economics
Downloads 753 (22,905)
Citation 40

Abstract:

21.

Outsourcing Mutual Fund Management: Firm Boundaries, Incentives and Performance

Number of pages: 58 Posted: 19 Mar 2006 Last Revised: 30 Aug 2012
Joseph Chen, Harrison G. Hong, Wenxi Jiang and Jeffrey D. Kubik
University of California, Davis - Graduate School of Management, Columbia University, Graduate School of Arts and Sciences, Department of Economics, CUHK Business School, The Chinese University of Hong Kong and Syracuse University - Department of Economics
Downloads 749 (21,831)
Citation 21

Abstract:

22.
Downloads 681 ( 29,873)
Citation 195

Social Interaction and Stock Market Participation

Stanford Business School Working Paper
Number of pages: 47 Posted: 21 Jun 2001
Jeffrey D. Kubik, Harrison G. Hong and Jeremy C. Stein
Syracuse University - Department of Economics, Columbia University, Graduate School of Arts and Sciences, Department of Economics and Harvard University - Department of Economics
Downloads 631 (32,636)
Citation 195

Abstract:

Stock market participation, social interaction, peer effects, word of mouth learning, consumption externalities

Social Interaction and Stock-Market Participation

NBER Working Paper No. W8358
Number of pages: 48 Posted: 28 Jun 2001
Jeffrey D. Kubik, Harrison G. Hong and Jeremy C. Stein
Syracuse University - Department of Economics, Columbia University, Graduate School of Arts and Sciences, Department of Economics and Harvard University - Department of Economics
Downloads 50 (332,176)
Citation 195

Abstract:

Differences of Opinion, Rational Arbitrage and Market Crashes

Number of pages: 45 Posted: 12 Oct 1999
Harrison G. Hong and Jeremy C. Stein
Columbia University, Graduate School of Arts and Sciences, Department of Economics and Harvard University - Department of Economics
Downloads 593 (35,448)
Citation 48

Abstract:

Differences of Opinion, Rational Arbitrage and Market Crashes

NBER Working Paper No. w7376
Number of pages: 50 Posted: 14 Jul 2000
Harrison G. Hong and Jeremy C. Stein
Columbia University, Graduate School of Arts and Sciences, Department of Economics and Harvard University - Department of Economics
Downloads 60 (303,514)
Citation 48

Abstract:

24.
Downloads 626 ( 33,566)

Climate Risks and Market Efficiency

Journal of Econometrics, Forthcoming
Number of pages: 41 Posted: 09 May 2016 Last Revised: 19 Jul 2017
Harrison G. Hong, Frank Weikai Li and Jiangmin Xu
Columbia University, Graduate School of Arts and Sciences, Department of Economics, Singapore Management University - Lee Kong Chian School of Business and Peking University - Department of Finance
Downloads 613 (33,999)

Abstract:

Climate Risks, Climate Change, Stock Market, Efficiency, Return Predictability

Climate Risks and Market Efficiency

NBER Working Paper No. w22890
Number of pages: 79 Posted: 05 Dec 2016
Harrison G. Hong, Frank Weikai Li and Jiangmin Xu
Columbia University, Graduate School of Arts and Sciences, Department of Economics, Singapore Management University - Lee Kong Chian School of Business and Peking University - Department of Finance
Downloads 13 (499,647)

Abstract:

25.

An Epidemiological Approach to Opinion and Price-Volume Dynamics

AFA 2012 Chicago Meetings Paper
Number of pages: 50 Posted: 13 Mar 2010 Last Revised: 13 Nov 2013
Dong Hong, Harrison G. Hong and Andrei Ungureanu
Singapore Management University - Lee Kong Chian School of Business, Columbia University, Graduate School of Arts and Sciences, Department of Economics and Princeton University
Downloads 619 (28,085)
Citation 3

Abstract:

Word of Mouth, Information Diffusion, Public News, Private News

26.

Red and Blue Investing: Values and Finance

Simon School Working Paper No. FR 09-06, EFA 2009 Bergen Meetings Paper
Number of pages: 51 Posted: 10 Aug 2008 Last Revised: 18 Mar 2010
Harrison G. Hong and Leonard Kostovetsky
Columbia University, Graduate School of Arts and Sciences, Department of Economics and Carroll School of Management, Boston College
Downloads 619 (26,719)
Citation 24

Abstract:

political affiliation, socially responsible investing, mutual funds, hedge funds

27.

Talking up Liquidity: Insider Trading and Investor Relations

AFA 2003 Washington, DC Meetings
Number of pages: 45 Posted: 04 Dec 2002
Ming Huang and Harrison G. Hong
Cornell University - Samuel Curtis Johnson Graduate School of Management and Columbia University, Graduate School of Arts and Sciences, Department of Economics
Downloads 614 (32,907)
Citation 19

Abstract:

28.
Downloads 591 ( 36,052)
Citation 76

Asset Float and Speculative Bubbles

Number of pages: 52 Posted: 28 Feb 2004
Jose A. Scheinkman, Wei Xiong and Harrison G. Hong
Columbia University, Princeton University - Department of Economics and Columbia University, Graduate School of Arts and Sciences, Department of Economics
Downloads 544 (39,757)
Citation 76

Abstract:

Speculative Bubbles, Asset Float, Lock-up Expiration, Short-Sales Constraints, Heterogeneous Beliefs

Asset Float and Speculative Bubbles

NBER Working Paper No. w11367
Number of pages: 52 Posted: 24 Jun 2005 Last Revised: 25 Jul 2010
Jose A. Scheinkman, Wei Xiong and Harrison G. Hong
Columbia University, Princeton University - Department of Economics and Columbia University, Graduate School of Arts and Sciences, Department of Economics
Downloads 47 (341,536)
Citation 76

Abstract:

Asset Float and Speculative Bubbles

Journal of Finance, Forthcoming
Posted: 29 Aug 2005
Jose A. Scheinkman, Wei Xiong and Harrison G. Hong
Columbia University, Princeton University - Department of Economics and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Abstract:

Count Models of Social Networks in Finance

Number of pages: 46 Posted: 08 Jan 2014 Last Revised: 22 Jul 2015
Harrison G. Hong and Jiangmin Xu
Columbia University, Graduate School of Arts and Sciences, Department of Economics and Peking University - Department of Finance
Downloads 306 (80,076)

Abstract:

Social Networks, Poisson Regressions, Investor Behavior

Inferring Latent Social Networks from Stock Holdings

AFA 2015 Boston Meetings Paper
Number of pages: 68 Posted: 22 Jul 2015 Last Revised: 17 May 2017
Harrison G. Hong and Jiangmin Xu
Columbia University, Graduate School of Arts and Sciences, Department of Economics and Peking University - Department of Finance
Downloads 277 (89,698)

Abstract:

Social Networks, Poisson Regressions, Investor Behavior

30.

When Some Investors Head for the Exit

AFA 2013 San Diego Meetings Paper
Number of pages: 40 Posted: 20 Nov 2011 Last Revised: 15 Mar 2012
Harrison G. Hong and Wenxi Jiang
Columbia University, Graduate School of Arts and Sciences, Department of Economics and CUHK Business School, The Chinese University of Hong Kong
Downloads 567 (32,143)

Abstract:

31.

Speculating on Home Improvements

Journal of Financial Economics (JFE), Forthcoming, Economic Theory Center Working Paper No. 22-2011
Number of pages: 50 Posted: 01 Oct 2010 Last Revised: 31 Dec 2013
Hyun-Soo Choi, Harrison G. Hong and Jose A. Scheinkman
Singapore Management University, Columbia University, Graduate School of Arts and Sciences, Department of Economics and Columbia University
Downloads 547 (40,040)

Abstract:

Speculation, Home Improvements, Real Estate, Remodeling

32.
Downloads 521 ( 42,576)
Citation 30

Simple Forecasts and Paradigm Shifts

Harvard Institute of Economic Research Discussion Paper No. 2007; AFA 2005 Philadelphia Meetings
Number of pages: 49 Posted: 13 Feb 2005
Harrison G. Hong and Jeremy C. Stein
Columbia University, Graduate School of Arts and Sciences, Department of Economics and Harvard University - Department of Economics
Downloads 496 (44,779)
Citation 30

Abstract:

Simple Forecasts and Paradigm Shifts

NBER Working Paper No. w10013
Number of pages: 52 Posted: 05 Oct 2003
Harrison G. Hong and Jeremy C. Stein
Columbia University, Graduate School of Arts and Sciences, Department of Economics and Harvard University - Department of Economics
Downloads 25 (430,606)
Citation 30

Abstract:

33.

Thy Neighbor's Portfolio: Word-of-Mouth Effects in the Holdings and Trades of Money Managers

Harvard Institute of Economic Research Discussion Paper No. 2006
Number of pages: 47 Posted: 02 Jun 2003
Jeffrey D. Kubik, Harrison G. Hong and Jeremy C. Stein
Syracuse University - Department of Economics, Columbia University, Graduate School of Arts and Sciences, Department of Economics and Harvard University - Department of Economics
Downloads 498 (44,198)
Citation 111

Abstract:

34.

Measuring the Career Concerns of Security Analysts: Job Separations, Stock Coverage Assignments and Brokerage House Status

Stanford Business School Working Paper
Number of pages: 41 Posted: 12 Sep 2000
Jeffrey D. Kubik and Harrison G. Hong
Syracuse University - Department of Economics and Columbia University, Graduate School of Arts and Sciences, Department of Economics
Downloads 443 (51,210)
Citation 1

Abstract:

35.

Strategic Trading and Learning About Liquidity

Number of pages: 41 Posted: 27 Mar 2000
Sven Rady and Harrison G. Hong
University of Bonn and Columbia University, Graduate School of Arts and Sciences, Department of Economics
Downloads 439 (51,783)
Citation 5

Abstract:

Gone Fishin': Seasonality in Trading Activity and Asset Prices

Number of pages: 38 Posted: 13 Mar 2005 Last Revised: 06 Sep 2011
Harrison G. Hong and Jialin Yu
Columbia University, Graduate School of Arts and Sciences, Department of Economics and Hong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 335 (72,317)
Citation 20

Abstract:

Seasonality, Turnover, Asset Prices

Gone Fishin': Seasonality in Trading Activity and Asset Prices

Journal of Financial Markets, Vol. 12, No. 4, pp. 672-702, 2008
Number of pages: 47 Posted: 27 Oct 2011
Harrison G. Hong and Jialin Yu
Columbia University, Graduate School of Arts and Sciences, Department of Economics and Hong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 88 (242,896)
Citation 20

Abstract:

37.
Downloads 370 ( 64,888)

Hoard Behavior and Commodity Bubbles

Kilts Center for Marketing at Chicago Booth – Nielsen Dataset Paper Series 1-050,
Number of pages: 49 Posted: 21 Nov 2014 Last Revised: 28 Aug 2016
Harrison G. Hong, Aureo de Paula and Vishal Singh
Columbia University, Graduate School of Arts and Sciences, Department of Economics, University College London - Department of Economics and New York University (NYU) - Department of Marketing
Downloads 370 (64,264)

Abstract:

Hoarding, Commodity Bubbles, Rice, Commodity Pricing

Hoard Behavior During Commodity Bubbles

CEPR Discussion Paper No. DP10441
Number of pages: 53 Posted: 24 Feb 2015
Aureo de Paula, Harrison G. Hong and Vishal Singh
University College London - Department of Economics, Columbia University, Graduate School of Arts and Sciences, Department of Economics and New York University (NYU) - Department of Marketing
Downloads 0

Abstract:

Commodity Bubbles, Commodity Pricing, Hoarding, Rice

38.

Robust Measures of Earnings Surprises

Number of pages: 79 Posted: 29 Jul 2014 Last Revised: 25 Jan 2016
Chin-Han Chiang, Wei Dai, Jianqing Fan, Harrison G. Hong and Jun Tu
Singapore Management University - Lee Kong Chian School of Business, Princeton University - Department of Operations Research & Financial Engineering (ORFE), Princeton University - Bendheim Center for Finance, Columbia University, Graduate School of Arts and Sciences, Department of Economics and Singapore Management University
Downloads 356 (25,165)

Abstract:

Event Studies, Efficient Markets, Earnings Announcements, Post-Earnings Announcement Drift

39.

Does Diversity Lead to Diverse Opinions? Evidence from Languages and Stock Markets

Rock Center for Corporate Governance at Stanford University Working Paper No. 168, Stanford University Graduate School of Business Research Paper No. 13-16
Number of pages: 53 Posted: 01 Jan 2014 Last Revised: 20 Jan 2015
National Taiwan University - College of Management, Columbia University, Graduate School of Arts and Sciences, Department of Economics, Stanford Graduate School of Business, Hofstra University - Frank G. Zarb School of Business and Shanghai Advanced Institute of Finance
Downloads 331 (39,873)

Abstract:

40.

Firms as Buyers of Last Resort: Financing Constraints, Stock Returns and Liquidity

Number of pages: 44 Posted: 10 Oct 2005
Jiang Wang, Jialin Yu and Harrison G. Hong
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Hong Kong University of Science & Technology (HKUST) - Department of Finance and Columbia University, Graduate School of Arts and Sciences, Department of Economics
Downloads 262 (92,748)
Citation 2

Abstract:

financing constraint, payout, asset price, mean reversion, volatility, skewness, liquidity

The Only Game in Town: Stock-Price Consequences of Local Bias

Harvard Institute of Economic Research Discussion Paper No. 2077
Number of pages: 51 Posted: 19 Jul 2005
Jeffrey D. Kubik, Harrison G. Hong and Jeremy C. Stein
Syracuse University - Department of Economics, Columbia University, Graduate School of Arts and Sciences, Department of Economics and Harvard University - Department of Economics
Downloads 228 (110,083)
Citation 48

Abstract:

The Only Game in Town: Stock-Price Consequences of Local Bias

NBER Working Paper No. w11488
Number of pages: 51 Posted: 23 Aug 2005
Jeffrey D. Kubik, Harrison G. Hong and Jeremy C. Stein
Syracuse University - Department of Economics, Columbia University, Graduate School of Arts and Sciences, Department of Economics and Harvard University - Department of Economics
Downloads 29 (410,313)
Citation 48

Abstract:

42.
Downloads 222 (113,524)

Sand States and the US Housing Crisis

Number of pages: 56 Posted: 31 Dec 2013 Last Revised: 13 Apr 2016
Singapore Management University, Columbia University, Graduate School of Arts and Sciences, Department of Economics, Syracuse University - Department of Economics and Federal Reserve Board
Downloads 217 (115,630)

Abstract:

Sand States, US Housing Crisis, Investment Homes, Local Bias, Household Portfolio

When Real Estate is the Only Game in Town

NBER Working Paper No. w19798
Number of pages: 57 Posted: 17 Jan 2014
Singapore Management University, Columbia University, Graduate School of Arts and Sciences, Department of Economics, Syracuse University - Department of Economics and Federal Reserve Board
Downloads 5 (542,945)

Abstract:

43.

A Unified Theory of Underreaction, Momentum Trading and Overreaction in Asset Markets

NBER Working Paper No. w6324
Number of pages: 59 Posted: 09 Jul 2000
Harrison G. Hong and Jeremy C. Stein
Columbia University, Graduate School of Arts and Sciences, Department of Economics and Harvard University - Department of Economics
Downloads 217 (78,889)
Citation 567

Abstract:

44.
Downloads 199 (126,240)

Location Choice, Portfolio Choice

Number of pages: 65 Posted: 18 Nov 2016 Last Revised: 04 Jan 2017
Ioannis Branikas, Harrison G. Hong and Jiangmin Xu
Princeton University, Department of Economics, Columbia University, Graduate School of Arts and Sciences, Department of Economics and Peking University - Department of Finance
Downloads 185 (134,974)

Abstract:

Location Choice, Portfolio Choice, Household Finance, Local Bias, Selection Correction

Location Choice, Portfolio Choice

NBER Working Paper No. w23040
Number of pages: 66 Posted: 17 Jan 2017
Ioannis Branikas, Harrison G. Hong and Jiangmin Xu
Princeton University, Department of Economics, Columbia University, Graduate School of Arts and Sciences, Department of Economics and Peking University - Department of Finance
Downloads 14 (493,957)

Abstract:

45.

Inflation Bets on the Long Bond

Number of pages: 85 Posted: 14 Jul 2014 Last Revised: 31 Jul 2016
Harrison G. Hong, David Alexandre Sraer and Jialin Yu
Columbia University, Graduate School of Arts and Sciences, Department of Economics, University of California, Berkeley and Hong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 188 (60,411)

Abstract:

Bond Prices, Term Structure of Interest Rates, Shorting Frictions, Lending Fees, Speculation, Disagreement

46.

Bad News Travels Slowly: Size, Analyst Coverage and the Profitability of Momentum Strategies

NBER Working Paper No. w6553
Number of pages: 59 Posted: 13 Jul 2000
Harrison G. Hong, Terence Lim and Jeremy C. Stein
Columbia University, Graduate School of Arts and Sciences, Department of Economics, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Harvard University - Department of Economics
Downloads 145 (126,240)
Citation 450

Abstract:

47.

Do Hedge Funds Profit from Mutual-Fund Distress?

NBER Working Paper No. w13786
Number of pages: 49 Posted: 08 Feb 2008
University of California, Davis - Graduate School of Management, Harvard Business School, Columbia University, Graduate School of Arts and Sciences, Department of Economics and Harvard University - Department of Economics
Downloads 143 (169,086)
Citation 26

Abstract:

48.

Ordering, Revenue and Anchoring in Art Auctions

Number of pages: 66 Posted: 25 Aug 2014
Columbia University, Graduate School of Arts and Sciences, Department of Economics, University of Warwick, Syracuse University - Department of Economics, New York University (NYU) - Department of Finance and ART MARKET CONSULTANCY
Downloads 70 (183,664)

Abstract:

Auctions, Anchoring, Ordering, Revenues, Sequential

49.

Advisors and Asset Prices: A Model of the Origins of Bubbles

NBER Working Paper No. w13504
Number of pages: 48 Posted: 16 Oct 2007
Jose A. Scheinkman, Wei Xiong and Harrison G. Hong
Columbia University, Princeton University - Department of Economics and Columbia University, Graduate School of Arts and Sciences, Department of Economics
Downloads 62 (280,766)
Citation 21

Abstract:

50.

The Neighbor's Portfolio: Word-of-Mouth Effects in the Holdings and Trade of Money Managers

NBER Working Paper No. w9711
Number of pages: 47 Posted: 01 Jun 2003
Jeffrey D. Kubik, Harrison G. Hong and Jeremy C. Stein
Syracuse University - Department of Economics, Columbia University, Graduate School of Arts and Sciences, Department of Economics and Harvard University - Department of Economics
Downloads 58 (304,657)
Citation 94

Abstract:

51.

Do Managers Do Good with Other People's Money?

NBER Working Paper No. w19432
Number of pages: 42 Posted: 14 Sep 2013
Ing-Haw Cheng, Harrison G. Hong and Kelly Shue
Tuck School of Business at Dartmouth, Columbia University, Graduate School of Arts and Sciences, Department of Economics and University of Chicago - Booth School of Business
Downloads 13 (433,560)
Citation 9

Abstract:

52.

Hoard Behavior and Commodity Bubbles

NBER Working Paper No. w20974
Number of pages: 52 Posted: 02 Mar 2015
Harrison G. Hong, Aureo de Paula and Vishal Singh
Columbia University, Graduate School of Arts and Sciences, Department of Economics, University College London - Department of Economics and New York University (NYU) - Department of Marketing
Downloads 7 (509,896)

Abstract:

53.

Assignment of Stock Market Coverage

NBER Working Paper No. w23115
Number of pages: 50 Posted: 30 Jan 2017
Briana Chang and Harrison G. Hong
University of Wisconsin - Madison - Department of Finance, Investment and Banking and Columbia University, Graduate School of Arts and Sciences, Department of Economics
Downloads 5 (518,723)

Abstract:

54.

Hedging and Pricing Rent Risk with Search Frictions

Number of pages: 44 Posted: 18 Jul 2017
University of Wisconsin - Madison - Department of Finance, Investment and Banking, Singapore Management University, Columbia University, Graduate School of Arts and Sciences, Department of Economics and Syracuse University - Department of Economics
Downloads 0 (485,351)

Abstract:

Rent Risk, Hedging, House Prices, Search Frictions, Seasonality

55.

Selection versus Talent Effects on Firm Value

Number of pages: 40 Posted: 05 Jul 2017 Last Revised: 14 Jul 2017
Briana Chang and Harrison G. Hong
University of Wisconsin - Madison - Department of Finance, Investment and Banking and Columbia University, Graduate School of Arts and Sciences, Department of Economics
Downloads 0 (408,710)

Abstract:

CEO, Underwriters, IPO Underpricing, Prestige, Talent, Selection, Sorting

56.

Analyzing the Analysts: Career Concerns and Biased Earnings Forecasts

The Journal of Finance, Vol. 58, No. 1, pp. 313-351, 2003
Posted: 17 Oct 2003
Jeffrey D. Kubik and Harrison G. Hong
Syracuse University - Department of Economics and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Abstract: