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

23

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9,959

SSRN CITATIONS
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Top 4,566

in Total Papers Citations

243

CROSSREF CITATIONS

59

Scholarly Papers (23)

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 1,218 (21,135)
Citation 59

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

2.
Downloads 995 ( 28,383)
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 972 (28,882)
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: 24 Jul 2018
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 23 (635,488)
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 849 (34,926)
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 2021
Harvard University - Business School (HBS), London School of Economics & Political Science (LSE) and Harvard Business School
Downloads 89 (354,735)

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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 (824,527)
Citation 3
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4.
Downloads 850 ( 35,411)
Citation 2

'Consistent' Earnings Surprises

Number of pages: 52 Posted: 15 Mar 2010 Last Revised: 09 Sep 2014
Cornell University - Dyson School of Applied Economics and Management, Florida State University and London School of Economics & Political Science (LSE)
Downloads 657 (49,455)
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
Cornell University - Dyson School of Applied Economics and Management, Florida State University and London School of Economics & Political Science (LSE)
Downloads 193 (195,457)
Citation 1

Abstract:

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Stock recommendations, Biased earnings forecasts, Career concerns

5.

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 752 (41,833)
Citation 98

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

6.
Downloads 647 ( 51,143)

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 376 (98,349)

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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 271 (140,594)

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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 625 (53,556)
Citation 6

Abstract:

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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 572 (59,836)
Citation 21

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Liquidity, Capital mobility, Supply shocks, Treasury auctions

9.

Wealth Redistribution in Bubbles and Crashes

PBCSF-NIFR Research Paper
Number of pages: 61 Posted: 19 Jun 2019 Last Revised: 29 Oct 2020
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 453 (80,059)
Citation 6

Abstract:

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

10.

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 SUSTech Business School
Downloads 401 (92,031)
Citation 19

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Margin trading, leverage, contagion, network centrality

11.

Relative Basis and Risk Premia in Commodity Futures Markets

Number of pages: 60 Posted: 21 Jun 2019 Last Revised: 08 Jan 2021
Ming Gu, Wenjin Kang, Dong Lou and Ke Tang
Xiamen University - School of Economics, School of Finance, Shanghai University of Finance and Economics, London School of Economics & Political Science (LSE) and Institute of Economics, School of Social Sciences, Tsinghua University
Downloads 400 (92,829)

Abstract:

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relative basis, commodity futures, risk premia, convenience yield, theory of storage

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 373 (100,065)
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 371 (100,662)
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 344 (109,574)
Citation 6

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Industry window dressing, opportunistic management, discontinuity, favorable industries

15.
Downloads 237 (161,341)
Citation 5

Superstar Firms and College Major Choice

9th Miami Behavioral Finance Conference 2018
Number of pages: 23 Posted: 15 Mar 2019 Last Revised: 03 Sep 2021
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 237 (160,863)
Citation 6

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

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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16.

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, Cornell University - Dyson School of Applied Economics and Management and London School of Economics & Political Science (LSE)
Downloads 223 (171,031)

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Social Interaction, Investor Communication, Information Diffusion

17.
Downloads 183 (205,012)
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 School of Economics and Management, Tsinghua University
Downloads 128 (275,686)

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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
Downloads 55 (463,185)
Citation 2

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Government bonds, informed trading, return predictability, asset managers

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, Cornell University - Dyson School of Applied Economics and Management, London School of Economics & Political Science (LSE) and University of International Business and Economics
Downloads 143 (252,992)

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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
Cornell University - Dyson School of Applied Economics and Management, London School of Economics & Political Science (LSE) and University of International Business and Economics
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19.
Downloads 137 (262,417)
Citation 2

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 SUSTech Business School
Downloads 104 (322,479)
Citation 2

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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 SUSTech Business School
Downloads 33 (568,778)

Abstract:

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margin trading, leverage management, liquidation policy, contagion

20.

Why Don’t Most Mutual Funds Short Sell?

Number of pages: 47 Posted: 29 Mar 2021
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 93 (342,187)

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

21.

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 (788,191)
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asset managers, Government bonds, Informed trading, return predictability

22.

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 (788,191)
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bubbles and crashes, market participation, social impact, Wealth Inequality

23.

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 (788,191)
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betting against beta, crowded trades, positive-feedback trading