George M. Korniotis

University of Miami

Assistant Professor of Finance

P.O. Box 248094

Coral Gables, FL 33124-6552

United States

SCHOLARLY PAPERS

23

DOWNLOADS
Rank 3,120

SSRN RANKINGS

Top 3,120

in Total Papers Downloads

9,917

CITATIONS
Rank 5,146

SSRN RANKINGS

Top 5,146

in Total Papers Citations

101

Scholarly Papers (23)

1.

Do Older Investors Make Better Investment Decisions?

Review of Economics and Statistics, Forthcoming
Number of pages: 65 Posted: 20 Mar 2006 Last Revised: 11 Jul 2009
George M. Korniotis and Alok Kumar
University of Miami and University of Miami - School of Business Administration
Downloads 2,912 (2,706)
Citation 27

Abstract:

Older individual investors, cognitive aging, investment experience, learning, rules of thumb, investment skill

2.

State-Level Business Cycles and Local Return Predictability

Journal of Finance, Forthcoming
Number of pages: 89 Posted: 19 Feb 2008 Last Revised: 20 Apr 2012
George M. Korniotis and Alok Kumar
University of Miami and University of Miami - School of Business Administration
Downloads 1,146 (14,121)
Citation 16

Abstract:

3.

Do Portfolio Distortions Reflect Superior Information or Psychological Biases?

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 80 Posted: 20 Jul 2009 Last Revised: 20 Apr 2012
George M. Korniotis and Alok Kumar
University of Miami and University of Miami - School of Business Administration
Downloads 967 (15,857)
Citation 12

Abstract:

Individual investors, cognitive abilities, behavioral biases, diversification, active trading, local bias

4.

Geography of Firms and Propagation of Local Economic Shocks

Number of pages: 67 Posted: 22 May 2012 Last Revised: 19 Jul 2017
Gennaro Bernile, Stefanos Delikouras, George M. Korniotis and Alok Kumar
University of Miami - School of Business Administration, University of Miami, University of Miami and University of Miami - School of Business Administration
Downloads 467 (49,554)
Citation 2

Abstract:

Economic networks, 10-K reports, U.S. states, Gross state product (GSP), predictability

5.

Stature, Obesity, and Portfolio Choice

Number of pages: 61 Posted: 21 Nov 2009 Last Revised: 17 Jul 2015
Jawad M. Addoum, George M. Korniotis and Alok Kumar
Cornell University, University of Miami and University of Miami - School of Business Administration
Downloads 431 (24,837)
Citation 3

Abstract:

6.

Do Behavioral Biases Adversely Affect the Macro-Economy?

Review of Financial Studies, Forthcoming
Number of pages: 72 Posted: 11 Aug 2008 Last Revised: 17 Sep 2010
George M. Korniotis and Alok Kumar
University of Miami and University of Miami - School of Business Administration
Downloads 394 (56,844)
Citation 9

Abstract:

Risk sharing, income risk, financial markets, cognitive abilities, behavioral biases, investor sophistication

7.

Local Business Cycles and Local Liquidity

Number of pages: 53 Posted: 07 May 2012 Last Revised: 05 Dec 2013
Gennaro Bernile, George M. Korniotis, Alok Kumar and Qin (Emma) Wang
University of Miami - School of Business Administration, University of Miami, University of Miami - School of Business Administration and Oklahoma State University - Tulsa
Downloads 359 (68,182)
Citation 11

Abstract:

Geographical market segmentation, local business cycles, local liquidity, local bias, state portfolios, return predictability

8.

Income Hedging and Portfolio Decisions

Number of pages: 70 Posted: 09 Nov 2012 Last Revised: 31 Jul 2013
Yosef Bonaparte, George M. Korniotis and Alok Kumar
University of Colorado at Denver - Department of Finance, University of Miami and University of Miami - School of Business Administration
Downloads 283 (74,937)
Citation 2

Abstract:

income hedging, market participation, asset allocation, household finance

9.

Prozac for Depressed States? Effect of Mood on Local Economic Recessions

Number of pages: 56 Posted: 19 Apr 2011 Last Revised: 15 Jul 2017
Vidhi Chhaochharia, George M. Korniotis and Alok Kumar
University of Miami, University of Miami and University of Miami - School of Business Administration
Downloads 281 (77,798)
Citation 2

Abstract:

10.

Investor Sophistication and Asset Prices

Number of pages: 55 Posted: 10 Dec 2012 Last Revised: 19 Jul 2017
George M. Korniotis, Alok Kumar and Jeremy K. Page
University of Miami, University of Miami - School of Business Administration and Brigham Young University
Downloads 214 (76,728)

Abstract:

Local return predictability, return comovement, trading correlation, investor sophistication, risk sharing, local bias, state portfolios

11.

The Human Capital That Matters: Expected Returns and High-Income Households

Review of Financial Studies, 2016, 29(9): 2523-2563
Number of pages: 56 Posted: 15 Sep 2007 Last Revised: 15 Oct 2016
U.S. Division of Monetary Affairs, University of Miami, College of Business, Stony Brook University and University of Miami
Downloads 202 (89,664)

Abstract:

human capital, income risk, affluent investors, stock returns

12.

Estimating Panel Models with Internal and External Habit Formation

Number of pages: 57 Posted: 17 May 2007 Last Revised: 15 Apr 2009
George M. Korniotis
University of Miami
Downloads 187 (125,532)
Citation 7

Abstract:

Dynamic Panel Models, Bias Correction, Spatial Effects, Habit Formation, U.S. State Consumption

Habit Formation, Incomplete Markets, and the Significance of Regional Risk for Expected Returns

Review of Financial Studies, Forthcoming
Number of pages: 58 Posted: 28 Sep 2005 Last Revised: 08 Aug 2008
George M. Korniotis
University of Miami
Downloads 171 (147,013)
Citation 8

Abstract:

Incomplete Markets, External Habit, Expected Returns, State-Level Consumption

Habit Formation, Incomplete Markets, and the Significance of Regional Risk for Expected Returns

The Review of Financial Studies, Vol. 21, Issue 5, pp. 2139-2172, 2008
Posted: 19 Sep 2008
George M. Korniotis
University of Miami

Abstract:

E21, G12

14.

Consuming, Saving, and Spending Most of Income

Number of pages: 43 Posted: 25 Oct 2004 Last Revised: 15 Jul 2017
Stefanos Delikouras and George M. Korniotis
University of Miami and University of Miami
Downloads 92 (237,213)

Abstract:

Savings, mental accounting, quadratic utility, consumer choice

15.

Income Hedging, Dynamic Style Preferences, and Return Predictability

Number of pages: 60 Posted: 04 May 2014 Last Revised: 19 Jul 2017
Jawad M. Addoum, Stefanos Delikouras, George M. Korniotis and Alok Kumar
Cornell University, University of Miami, University of Miami and University of Miami - School of Business Administration
Downloads 87 (151,703)
Citation 1

Abstract:

Income hedging, hedging demand, value factor, state-level income risk, style investing, return predictability.

16.

Status Preferences, Consumption-Income Sensitivity, and Portfolio Choice

Number of pages: 66 Posted: 16 Mar 2014 Last Revised: 19 Jul 2017
Jawad M. Addoum, Stefanos Delikouras and George M. Korniotis
Cornell University, University of Miami and University of Miami
Downloads 58 (227,517)

Abstract:

17.

Mood, Firm Behavior, and Aggregate Economic Outcomes

Number of pages: 66 Posted: 25 Mar 2015 Last Revised: 19 Jul 2017
Vidhi Chhaochharia, Dasol Kim, George M. Korniotis and Alok Kumar
University of Miami, Office of Financial Research, US Department of the Treasury, University of Miami and University of Miami - School of Business Administration
Downloads 52 (113,067)

Abstract:

Cloud cover, mood, small business managers, firm investment behavior, managerial optimism, state-level business cycles

18.

'Yes We Can' Invest: The Effect of President Obama on Portfolio Choice

Number of pages: 44 Posted: 05 Aug 2017
Yosef Bonaparte and George M. Korniotis
University of Colorado at Denver - Department of Finance and University of Miami
Downloads 0 (369,404)

Abstract:

Asset Allocation, Stock Market Participation, Trading, Role Model, PSID, SCF

19.

Portfolio Choice and Asset Pricing with Investor Entry and Exit

Number of pages: 54 Posted: 24 May 2017 Last Revised: 19 Jul 2017
Yosef Bonaparte, George M. Korniotis and Alok Kumar
University of Colorado at Denver - Department of Finance, University of Miami and University of Miami - School of Business Administration
Downloads 0 (330,959)

Abstract:

Asset Pricing, Consumption Risk, Limited Stock Market Participation, Trading, PSID, SCF

20.

Local Agglomeration and Stock Market Participation

Number of pages: 40 Posted: 31 Jan 2017 Last Revised: 19 Jul 2017
Jawad M. Addoum, Stefanos Delikouras, Da Ke and George M. Korniotis
Cornell University, University of Miami, University of South Carolina and University of Miami
Downloads 0 (355,679)

Abstract:

human capital, portfolio decisions, household finance

21.

Big Fish in a Small Pond: The Economic Effects of Locally-Dominant Firms

Number of pages: 56 Posted: 14 Dec 2016 Last Revised: 19 Jul 2017
Sima Jannati, George M. Korniotis and Alok Kumar
University of Miami, University of Miami and University of Miami - School of Business Administration
Downloads 0 (273,236)

Abstract:

U.S. Business Cycle; Local Economy; Local Fluctuations; Locally-Dominant Firms; Idiosyncratic Shocks.

22.

Discrimination, Social Risk, and Portfolio Choice

7th Miami Behavioral Finance Conference 2016
Number of pages: 73 Posted: 03 Nov 2016 Last Revised: 19 Jul 2017
Yosef Bonaparte, William J. Bazley, George M. Korniotis and Alok Kumar
University of Colorado at Denver - Department of Finance, University of Miami, University of Miami and University of Miami - School of Business Administration
Downloads 0 (184,872)

Abstract:

Stock Market Participation, Asset Allocation, Perceived Discrimination, Perceived Risk, Social Risk, Household Finance

23.

Why Investors Do Not Learn

Number of pages: 43 Posted: 03 Oct 2016 Last Revised: 10 Aug 2017
William J. Bazley, George M. Korniotis and Gregory R. Samanez-Larkin
University of Miami, University of Miami and Yale University - Department of Psychology
Downloads 0 (264,960)

Abstract:

Retail investors, diversification, trading, portfolio performance, serial position effect, memory