George M. Korniotis

University of Miami

Assistant Professor of Finance

P.O. Box 248094

Coral Gables, FL 33124-6552

United States

SCHOLARLY PAPERS

22

DOWNLOADS
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9,674

CITATIONS
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SSRN RANKINGS

Top 5,079

in Total Papers Citations

102

Scholarly Papers (22)

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 (2,633)
Citation 26

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 1,137 (13,946)
Citation 17

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 (15,797)
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: 21 May 2016
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 448 (51,119)
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 (25,507)
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 (56,105)
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 355 (67,568)
Citation 12

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 (74,569)
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: 59 Posted: 19 Apr 2011 Last Revised: 30 Apr 2011
Vidhi Chhaochharia, George M. Korniotis and Alok Kumar
University of Miami, University of Miami and University of Miami - School of Business Administration
Downloads 281 (77,459)
Citation 2

Abstract:

10.

Investor Sophistication and Asset Prices

Number of pages: 55 Posted: 10 Dec 2012 Last Revised: 30 Jul 2013
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 (76,940)

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, State University of New York, SUNY at Stony Brook University, College of Business and University of Miami
Downloads 202 (89,069)

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 (123,526)
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 (143,985)
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 Mar 2014
Stefanos Delikouras and George M. Korniotis
University of Miami and University of Miami
Downloads 90 (235,953)

Abstract:

Savings, mental accounting, quadratic utility, consumer choice

15.

Income Hedging, Dynamic Style Preferences, and Return Predictability

Number of pages: 53 Posted: 04 May 2014 Last Revised: 09 Dec 2015
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 (155,102)
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: 01 Feb 2017
Jawad M. Addoum, Stefanos Delikouras and George M. Korniotis
Cornell University, University of Miami and University of Miami
Downloads 58 (234,265)

Abstract:

17.

Mood, Firm Behavior, and Aggregate Economic Outcomes

Number of pages: 75 Posted: 25 Mar 2015 Last Revised: 02 May 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 (125,879)

Abstract:

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

18.

Portfolio Choice and Asset Pricing with Investor Entry and Exit

Number of pages: 54 Posted: 24 May 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 (380,597)

Abstract:

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

19.

Local Agglomeration and Stock Market Participation

Number of pages: 40 Posted: 31 Jan 2017
Jawad M. Addoum, Stefanos Delikouras, Da Ke and George M. Korniotis
Cornell University, University of Miami, University of Miami and University of Miami
Downloads 0 (392,736)

Abstract:

human capital, portfolio decisions, household finance

20.

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

Number of pages: 58 Posted: 14 Dec 2016 Last Revised: 08 Mar 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 (278,775)

Abstract:

Business Cycle; Local Economy Fluctuation; Idiosyncratic Shocks

21.

Discrimination, Social Risk, and Portfolio Choice

7th Miami Behavioral Finance Conference 2016
Number of pages: 53 Posted: 03 Nov 2016 Last Revised: 07 Feb 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 (194,054)

Abstract:

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

22.

Better Together: The Effects of Experience and Knowledge on Investor Behavior

Number of pages: 44 Posted: 03 Oct 2016 Last Revised: 02 Feb 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 (283,281)

Abstract:

Retail investors, diversification, trading, portfolio performance