Dong Lou

London School of Economics & Political Science (LSE)

Department of Finance

Houghton Street

London, WC2A 2AE

United Kingdom

http://personal.lse.ac.uk/loud/

Centre for Economic Policy Research (CEPR)

London

United Kingdom

SCHOLARLY PAPERS

25

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11,589

SSRN CITATIONS
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SSRN RANKINGS

Top 4,425

in Total Papers Citations

243

CROSSREF CITATIONS

61

Scholarly Papers (25)

1.

Complicated Firms

AFA 2011 Denver Meetings Paper
Number of pages: 49 Posted: 15 Mar 2010 Last Revised: 19 Apr 2016
Lauren Cohen and Dong Lou
Harvard University - Business School (HBS) and London School of Economics & Political Science (LSE)
Downloads 1,336 (21,478)
Citation 59

Abstract:

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Complicated trades, return predictability, stand alone, conglomerate, market frictions

2.
Downloads 1,105 ( 28,377)
Citation 16

IQ from IP: Simplifying Search in Portfolio Choice

8th Miami Behavioral Finance Conference 2017
Number of pages: 56 Posted: 18 Sep 2017 Last Revised: 20 Apr 2019
University of Notre Dame - Department of Finance, Harvard University - Business School (HBS), University of Texas at Dallas, London School of Economics & Political Science (LSE) and Harvard Business School
Downloads 1,073 (29,120)
Citation 1

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Tracked trades, Return predictability, Institutional trading, Insider trading

IQ from Ip: Simplifying Search in Portfolio Choice

NBER Working Paper No. w24801
Number of pages: 56 Posted: 16 Jul 2018 Last Revised: 08 Apr 2022
University of Notre Dame - Department of Finance, Harvard University - Business School (HBS), University of Texas at Dallas, London School of Economics & Political Science (LSE) and Harvard Business School
Downloads 32 (642,971)
Citation 15

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Playing Favorites: How Firms Prevent the Revelation of Bad News

Number of pages: 74 Posted: 13 Aug 2014 Last Revised: 24 Mar 2019
Harvard University - Business School (HBS), London School of Economics & Political Science (LSE) and Harvard Business School
Downloads 954 (34,417)
Citation 2

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information, strategic release, firms, asset pricing, conference calls

Playing Favorites: How Firms Prevent the Revelation of Bad News

NBER Working Paper No. w19429
Number of pages: 61 Posted: 14 Sep 2013 Last Revised: 04 Aug 2022
Harvard University - Business School (HBS), London School of Economics & Political Science (LSE) and Harvard Business School
Downloads 100 (370,743)

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Playing Favorites: How Firms Prevent the Revelation of Bad News

CEPR Discussion Paper No. DP12302
Number of pages: 54 Posted: 20 Sep 2017
Harvard University - Business School (HBS), London School of Economics & Political Science (LSE) and Harvard Business School
Downloads 1 (952,318)
Citation 3
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4.

A Flow-Based Explanation for Return Predictability

Number of pages: 53 Posted: 06 Sep 2009 Last Revised: 01 Jul 2010
Dong Lou
London School of Economics & Political Science (LSE)
Downloads 921 (36,810)
Citation 98

Abstract:

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Capital flows, Price pressure, Return predictability, Performance persistence, Smart money effect, Stock price momentum

5.
Downloads 868 ( 39,861)
Citation 2

'Consistent' Earnings Surprises

Number of pages: 52 Posted: 15 Mar 2010 Last Revised: 09 Sep 2014
Nanyang Business School, Nanyang Technological University, Peking University HSBC Business School and London School of Economics & Political Science (LSE)
Downloads 672 (55,315)
Citation 2

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Stock recommendations, Biased earnings forecasts, Career concerns

'Consistent' Earnings Surprises

Number of pages: 52 Posted: 16 Mar 2011 Last Revised: 09 Sep 2014
Nanyang Business School, Nanyang Technological University, Peking University HSBC Business School and London School of Economics & Political Science (LSE)
Downloads 196 (218,452)
Citation 1

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Stock recommendations, Biased earnings forecasts, Career concerns

6.
Downloads 666 ( 56,705)

Cloaked Trading

Journal of Investment Consulting, Vol. 17, No. 2, 2016
Number of pages: 15 Posted: 20 Jan 2017 Last Revised: 28 Jan 2017
Harvard University - Business School (HBS), London School of Economics & Political Science (LSE) and Harvard Business School
Downloads 382 (110,608)

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Strategic Trading, Information, Asset Management, Investment

Cloaked Trading

Journal of Investment Consulting, Vol. 17, No. 2, p. 69-80, 2016
Number of pages: 15 Posted: 07 Feb 2017
Harvard University - Business School (HBS), London School of Economics & Political Science (LSE) and Harvard Business School
Downloads 284 (152,394)

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7.

A Test of the Self-Serving Attribution Bias: Evidence from Mutual Funds

Fourth Singapore International Conference on Finance 2010 Paper
Number of pages: 48 Posted: 03 Mar 2008 Last Revised: 20 Dec 2010
Darwin Choi and Dong Lou
The Chinese University of Hong Kong (CUHK) - CUHK Business School and London School of Economics & Political Science (LSE)
Downloads 649 (58,646)
Citation 6

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Overconfidence, Active Share, Mutual fund performance

8.

Anticipated and Repeated Shocks in Liquid Markets

Number of pages: 38 Posted: 15 Aug 2010 Last Revised: 03 May 2013
Dong Lou, Hongjun Yan and Jinfan Zhang
London School of Economics & Political Science (LSE), DePaul University and Chinese University of Hong Kong (Shenzhen)
Downloads 630 (60,973)
Citation 21

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Liquidity, Capital mobility, Supply shocks, Treasury auctions

9.

Wealth Redistribution in Bubbles and Crashes

Journal of Monetary Economics, Vol. 126, 2022, PBCSF-NIFR Research Paper
Number of pages: 45 Posted: 19 Jun 2019 Last Revised: 26 Feb 2022
Li An, Dong Lou and Donghui Shi
Tsinghua University - PBC School of Finance, London School of Economics & Political Science (LSE) and Shanghai Stock Exchange
Downloads 600 (64,836)
Citation 7

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bubbles and crashes, wealth inequality, market participation, social impact

10.

Relative Basis and Expected Returns in Commodity Futures Markets

Number of pages: 67 Posted: 21 Jun 2019 Last Revised: 28 Oct 2021
Ming Gu, Wenjin Kang, Dong Lou and Ke Tang
Xiamen University - School of Economics, Faculty of Business Administration, University of Macau, London School of Economics & Political Science (LSE) and Institute of Economics, School of Social Sciences, Tsinghua University
Downloads 564 (70,125)

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relative basis, commodity futures, expected return, convenience yield, theory of storage

11.

Leverage Network and Market Contagion

PBCSF-NIFR Research Paper
Number of pages: 58 Posted: 28 Sep 2017 Last Revised: 13 Mar 2019
Jiangze Bian, Zhi Da, Dong Lou and Hao Zhou
University of International Business and Economics (UIBE), University of Notre Dame - Mendoza College of Business, London School of Economics & Political Science (LSE) and Tsinghua University - PBC School of Finance
Downloads 444 (93,700)
Citation 19

Abstract:

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Margin trading, leverage, contagion, network centrality

12.

Maximizing Short-Term Stock Prices through Advertising

Number of pages: 44 Posted: 18 Mar 2010 Last Revised: 30 Nov 2010
Dong Lou
London School of Economics & Political Science (LSE)
Downloads 391 (109,238)
Citation 4

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advertising, catering, insider sales, equity offerings, investor attention

13.

Cross-Market Timing in Security Issuance

AFA 2012 Chicago Meetings Paper
Number of pages: 50 Posted: 23 Mar 2011 Last Revised: 07 Mar 2013
Pengjie Gao and Dong Lou
University of Notre Dame - Mendoza College of Business and London School of Economics & Political Science (LSE)
Downloads 382 (111,473)
Citation 5

Abstract:

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Debt misvaluation, Market timing, Security issuance, Flow-induced trading

14.

Industry Window Dressing

Number of pages: 78 Posted: 06 Apr 2016
Huaizhi Chen, Lauren Cohen and Dong Lou
University of Notre Dame - Department of Finance, Harvard University - Business School (HBS) and London School of Economics & Political Science (LSE)
Downloads 372 (114,829)
Citation 6

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Industry window dressing, opportunistic management, discontinuity, favorable industries

15.
Downloads 349 (123,281)
Citation 3

Margin Trading and Leverage Management

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2021-29
Number of pages: 74 Posted: 11 Mar 2021
University of International Business and Economics (UIBE), University of Notre Dame - Mendoza College of Business, University of Chicago - Finance, London School of Economics & Political Science (LSE), Yale School of Management and Tsinghua University - PBC School of Finance
Downloads 300 (143,950)
Citation 4

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margin trading, leverage management, liquidation policy, contagion

Margin Trading and Leverage Management

Number of pages: 74 Posted: 22 Mar 2021
University of International Business and Economics (UIBE), University of Notre Dame - Mendoza College of Business, University of Chicago - Finance, London School of Economics & Political Science (LSE), Yale School of Management and Tsinghua University - PBC School of Finance
Downloads 49 (546,880)

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margin trading, leverage management, liquidation policy, contagion

16.
Downloads 297 (146,198)
Citation 5

Superstar Firms and College Major Choice

9th Miami Behavioral Finance Conference 2018
Number of pages: 37 Posted: 15 Mar 2019 Last Revised: 31 Mar 2022
The Chinese University of Hong Kong (CUHK) - CUHK Business School, London School of Economics & Political Science (LSE) and Hong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 297 (145,444)
Citation 6

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Industry Salience, College Major Choice, Human Capital Investment, Stock Return Skewness, News Tone Skewness

The Effect of Superstar Firms on College Major Choice

CEPR Discussion Paper No. DP12296
Number of pages: 56 Posted: 20 Sep 2017
The Chinese University of Hong Kong (CUHK) - CUHK Business School, London School of Economics & Political Science (LSE) and Hong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 0
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17.

The Rate of Communication

7th Miami Behavioral Finance Conference 2016
Number of pages: 42 Posted: 01 Oct 2016 Last Revised: 04 Aug 2020
The University of Hong Kong - Faculty of Business and Economics, Nanyang Business School, Nanyang Technological University and London School of Economics & Political Science (LSE)
Downloads 247 (175,955)

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Social Interaction, Investor Communication, Information Diffusion

18.
Downloads 233 (186,087)
Citation 2

Informed Trading in Government Bond Markets

Number of pages: 46 Posted: 07 Nov 2019 Last Revised: 11 May 2020
Bank of England, The University of Hong Kong - Faculty of Business and Economics, London School of Economics & Political Science (LSE) and Tsinghua University, School of Economics and Management
Downloads 168 (249,876)

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government bonds, informed trading, return predictability, asset managers

Informed trading in government bond markets

Bank of England Working Paper No. 871
Number of pages: 55 Posted: 18 Jun 2020
Bank of England, The University of Hong Kong - Faculty of Business and Economics, London School of Economics & Political Science (LSE) and Tsinghua University, School of Economics and Management
Downloads 65 (477,877)
Citation 2

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Government bonds, informed trading, return predictability, asset managers

19.

An Anatomy of Long-Short Equity Funds

Number of pages: 63 Posted: 29 Mar 2021 Last Revised: 26 Feb 2022
Tsinghua University - PBC School of Finance, The University of Hong Kong - Faculty of Business and Economics, London School of Economics & Political Science (LSE) and London School of Economics & Political Science (LSE)
Downloads 168 (249,554)

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Long-Short Equity Mutual Funds, Cash Holdings, Portfolio Beta, Fund Performance, Flow-Performance Relations

Offsetting Disagreement and Security Prices

Number of pages: 52 Posted: 03 Feb 2014 Last Revised: 10 Aug 2020
The University of Hong Kong - Faculty of Business and Economics, Nanyang Business School, Nanyang Technological University, London School of Economics & Political Science (LSE) and University of International Business and Economics
Downloads 152 (271,798)

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Investor Disagreement, Belief Crossing, Portfolio Discounts

Offsetting Disagreement and Security Prices

CEPR Discussion Paper No. DP12295
Number of pages: 46 Posted: 20 Sep 2017
Nanyang Business School, Nanyang Technological University, London School of Economics & Political Science (LSE) and University of International Business and Economics
Downloads 0
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21.

Ripples into Waves: Trade Networks, Economic Activity, and Asset Prices

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 52 Posted: 05 Oct 2021 Last Revised: 18 Oct 2021
Chinese University of Hong Kong (Shenzhen), Central University of Finance and Economics, London School of Economics & Political Science (LSE) and London School of Economics
Downloads 105 (356,238)

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Sovereign CDS, Return predictability, Trade networks, Limited attention, Information aggregation

22.

An Unintended Consequence of Holding Dollar Assets

Bank of England Working Paper No. 953
Number of pages: 56 Posted: 08 Mar 2022
Bank of England, The University of Hong Kong - Faculty of Business and Economics, London School of Economics & Political Science (LSE) and Tsinghua University, School of Economics and Management
Downloads 52 (523,655)

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Covid crisis, gilt yields, variation margin, FX derivatives, global reserve currency, currency hedging

23.

Informed Trading in Government Bond Markets

CEPR Discussion Paper No. DP15028
Number of pages: 49 Posted: 28 Jul 2020 Last Revised: 16 Aug 2020
Dong Lou
London School of Economics & Political Science (LSE)
Downloads 1 (911,097)
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asset managers, Government bonds, Informed trading, return predictability

24.

Wealth Redistribution in Bubbles and Crashes

CEPR Discussion Paper No. DP15029
Number of pages: 55 Posted: 28 Jul 2020 Last Revised: 16 Aug 2020
Dong Lou
London School of Economics & Political Science (LSE)
Downloads 1 (911,097)
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bubbles and crashes, market participation, social impact, Wealth Inequality

25.

The Booms and Busts of Beta Arbitrage

CEPR Discussion Paper No. DP11531
Number of pages: 61 Posted: 26 Sep 2016
The University of Hong Kong - Faculty of Business and Economics, London School of Economics & Political Science (LSE) and London School of Economics
Downloads 1 (911,097)
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betting against beta, crowded trades, positive-feedback trading