Snehal Banerjee

University of California, San Diego (UCSD) - Rady School of Management

Associate Professor

9500 Gilman Drive

Rady School of Management

La Jolla, CA 92093

United States

SCHOLARLY PAPERS

23

DOWNLOADS
Rank 6,111

SSRN RANKINGS

Top 6,111

in Total Papers Downloads

10,528

SSRN CITATIONS
Rank 5,550

SSRN RANKINGS

Top 5,550

in Total Papers Citations

151

CROSSREF CITATIONS

87

Scholarly Papers (23)

1.

Factor-Loading Uncertainty and Expected Returns

AFA 2010 Atlanta Meetings Paper
Number of pages: 52 Posted: 12 Nov 2008 Last Revised: 13 Sep 2012
Chris Armstrong, Snehal Banerjee and Carlos Corona
Stanford Graduate School of Business, University of California, San Diego (UCSD) - Rady School of Management and Ohio State University (OSU) - Department of Accounting & Management Information Systems
Downloads 1,423 (20,189)
Citation 7

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Expected Return, Information Quality, Uncertainty, Stochastic volatility

2.

Signal or Noise? Uncertainty and Learning about Whether Other Traders are Informed

Journal of Financial Economics (JFE), 2015, 117(2): 398-423
Number of pages: 63 Posted: 02 Sep 2012 Last Revised: 29 Mar 2017
Snehal Banerjee and Brett Green
University of California, San Diego (UCSD) - Rady School of Management and Washington University in St. Louis - John M. Olin Business School
Downloads 1,169 (26,924)
Citation 22

Abstract:

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Learning, Asymmetric Information, Rational Expectations, Noise Trading, Sentiment, Difference of opinions, Volatility clustering, Leverage effect

3.

When Transparency Improves, Must Prices Reflect Fundamentals Better?

Number of pages: 42 Posted: 24 Mar 2014 Last Revised: 14 Jul 2017
Snehal Banerjee, Jesse Davis and Naveen Gondhi
University of California, San Diego (UCSD) - Rady School of Management, University of North Carolina (UNC) at Chapel Hill - Finance Area and INSEAD
Downloads 1,093 (29,733)
Citation 19

Abstract:

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Transparency, price efficiency, regulation, information acquisition, difference of opinions, disclosure

4.

Learning from Prices and the Dispersion in Beliefs

Number of pages: 48 Posted: 15 Nov 2008 Last Revised: 06 May 2010
Snehal Banerjee
University of California, San Diego (UCSD) - Rady School of Management
Downloads 859 (41,690)
Citation 68

Abstract:

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rational expectations, difference of opinions, overlapping generations, disagreement

5.

Disagreement and Learning: Dynamic Patterns of Trade

Journal of Finance forthcoming
Number of pages: 49 Posted: 23 Mar 2005 Last Revised: 06 Aug 2009
Snehal Banerjee and Ilan Kremer
University of California, San Diego (UCSD) - Rady School of Management and Independent
Downloads 845 (42,606)
Citation 26

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Difference of opinions, autocorrelation in volume, correlation in price changes and volume

6.

The Cost of Short-Selling Liquid Securities

Journal of Finance, Forthcoming
Number of pages: 35 Posted: 13 Mar 2009 Last Revised: 10 Sep 2011
Snehal Banerjee and Jeremy J. Graveline
University of California, San Diego (UCSD) - Rady School of Management and University of Minnesota - Carlson School of Management
Downloads 583 (69,320)
Citation 4

Abstract:

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On The Run Treasuries, Short Selling, Liquidity

7.

Dynamics of Research and Strategic Trading

Number of pages: 59 Posted: 01 Oct 2016 Last Revised: 07 Jul 2020
Snehal Banerjee and Bradyn M. Breon-Drish
University of California, San Diego (UCSD) - Rady School of Management and University of California, San Diego (UCSD) - Rady School of Management
Downloads 516 (80,612)
Citation 1

Abstract:

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dynamic information acquisition, delayed entry, slow moving capital

8.

Harnessing the Overconfidence of the Crowd: A Theory of SPACs

Number of pages: 64 Posted: 28 Sep 2021 Last Revised: 04 Aug 2022
Snehal Banerjee and Martin Szydlowski
University of California, San Diego (UCSD) - Rady School of Management and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 507 (82,590)

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SPAC, Overconfidence, Redeemable Shares, Special Purpose Acquisition Company, IPO

Price Drift as an Outcome of Differences in Higher Order Beliefs

AFA 2007 Chicago Meetings Paper, Review of Financial Studies, Forthcoming
Number of pages: 25 Posted: 16 Mar 2006 Last Revised: 30 Nov 2009
Snehal Banerjee, Ron Kaniel and Ilan Kremer
University of California, San Diego (UCSD) - Rady School of Management, University of Rochester - Simon Business School and Independent
Downloads 487 (85,698)
Citation 10

Abstract:

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price drift, momentum, rational, difference, opinion

Price Drift as an Outcome of Differences in Higher-Order Beliefs

The Review of Financial Studies, Vol. 22, Issue 9, pp. 3707-3734, 2009
Posted: 08 Sep 2009
Snehal Banerjee, Ron Kaniel and Ilan Kremer
University of California, San Diego (UCSD) - Rady School of Management, University of Rochester - Simon Business School and Independent

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10.

Disclosing to Informed Traders

Number of pages: 75 Posted: 06 Jan 2021 Last Revised: 19 Sep 2022
Snehal Banerjee, Ivan Marinovic and Kevin Smith
University of California, San Diego (UCSD) - Rady School of Management, Graduate School of Business, Stanford University and Stanford University Graduate School of Business
Downloads 419 (103,280)

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Voluntary Disclosure, Trading, Price Efficiency, Private Information

11.

Trading in Derivatives When the Underlying is Scarce

Number of pages: 50 Posted: 20 Nov 2011 Last Revised: 21 Aug 2013
Snehal Banerjee and Jeremy J. Graveline
University of California, San Diego (UCSD) - Rady School of Management and University of Minnesota - Carlson School of Management
Downloads 338 (131,798)
Citation 2

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Scarcity, Short-selling, Price distortions, Derivatives, Regulation

12.

Choosing to Disagree: Endogenous Dismissiveness and Overconfidence in Financial Markets

Number of pages: 71 Posted: 07 Mar 2019 Last Revised: 25 Aug 2021
Snehal Banerjee, Jesse Davis and Naveen Gondhi
University of California, San Diego (UCSD) - Rady School of Management, University of North Carolina (UNC) at Chapel Hill - Finance Area and INSEAD
Downloads 335 (132,671)
Citation 12

Abstract:

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difference of opinions, optimal expectations, overconfidence

13.

Transparency versus Tone: Public Communication with Limited Commitment

Number of pages: 27 Posted: 23 Jan 2014 Last Revised: 28 Jun 2014
Snehal Banerjee and Qingmin Liu
University of California, San Diego (UCSD) - Rady School of Management and Columbia University
Downloads 284 (157,557)
Citation 9

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Central bank transparency, commitment, communication, disclosure policy, coordination, policy intervention

14.

Excessive Risk-Taking and Founder Friendly VCs

Number of pages: 44 Posted: 02 Sep 2020 Last Revised: 04 Aug 2022
Snehal Banerjee and Martin Szydlowski
University of California, San Diego (UCSD) - Rady School of Management and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 280 (159,876)
Citation 2

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Venture Capital, Cheap Talk, Delegation, Governance

15.

Feedback Effects with Risk Aversion: An Application to Climate Risk

Number of pages: 68 Posted: 20 Apr 2021 Last Revised: 01 Jun 2022
Snehal Banerjee, Bradyn M. Breon-Drish and Kevin Smith
University of California, San Diego (UCSD) - Rady School of Management, University of California, San Diego (UCSD) - Rady School of Management and Stanford University Graduate School of Business
Downloads 274 (163,498)

Abstract:

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feedback effects, welfare, investment efficiency, hedging, market completeness, risk sharing, discount rate

16.

Conceal to Coordinate

Number of pages: 46 Posted: 21 Oct 2015 Last Revised: 19 Jul 2018
Snehal Banerjee, Taejin Kim and Vishal Mangla
University of California, San Diego (UCSD) - Rady School of Management, Korea University Business School and Moody's Analytics
Downloads 230 (194,043)
Citation 2

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Cheap talk, Coordination, Global games, Leadership

17.

Leaks, Disclosures and Internal Communication

Number of pages: 35 Posted: 13 Jul 2017 Last Revised: 10 Nov 2017
Snehal Banerjee and Taejin Kim
University of California, San Diego (UCSD) - Rady School of Management and Korea University Business School
Downloads 221 (201,590)
Citation 4

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leaks, whistleblower, disclosure, internal communication, efficiency

18.

Incentivizing Effort and Informing Investment: The Dual Role of Stock Prices

Number of pages: 75 Posted: 03 Nov 2021 Last Revised: 08 Mar 2022
Snehal Banerjee, Jesse Davis and Naveen Gondhi
University of California, San Diego (UCSD) - Rady School of Management, University of North Carolina (UNC) at Chapel Hill - Finance Area and INSEAD
Downloads 164 (262,335)

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contracting, feedback effect, optimal compensation, price efficiency, transparency

19.

Strategic Trading and Unobservable Information Acquisition

Number of pages: 60 Posted: 30 Oct 2018 Last Revised: 19 Sep 2019
Snehal Banerjee and Bradyn M. Breon-Drish
University of California, San Diego (UCSD) - Rady School of Management and University of California, San Diego (UCSD) - Rady School of Management
Downloads 145 (289,937)
Citation 6

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Dynamic Information Acquisition, Strategic trading, Observability, Commitment

20.

Motivated Beliefs in Coordination Games

Number of pages: 57 Posted: 05 Sep 2020 Last Revised: 20 Feb 2021
Snehal Banerjee, Jesse Davis and Naveen Gondhi
University of California, San Diego (UCSD) - Rady School of Management, University of North Carolina (UNC) at Chapel Hill - Finance Area and INSEAD
Downloads 106 (364,466)

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anticipatory utility, wishful thinking, beauty contests, coordination games, motivated beliefs

21.

On the Voluntary Disclosure of Redundant Information

Number of pages: 47 Posted: 11 Oct 2021 Last Revised: 08 Nov 2022
University of California, San Diego (UCSD) - Rady School of Management, University of California, San Diego (UCSD) - Rady School of Management, University of Rochester - Simon Business School and University of WarwickHebrew University of Jerusalem
Downloads 102 (373,875)

Abstract:

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costly voluntary disclosure, information acquisition, redundant information

22.

The Man(ager) Who Knew Too Much

Number of pages: 52 Posted: 05 Dec 2019 Last Revised: 15 Jul 2020
Snehal Banerjee, Jesse Davis and Naveen Gondhi
University of California, San Diego (UCSD) - Rady School of Management, University of North Carolina (UNC) at Chapel Hill - Finance Area and INSEAD
Downloads 90 (404,971)

Abstract:

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curse of knowledge, cheap talk, disclosure, delegation, belief formation

23.

Asymmetric Information, Disagreement, and the Valuation of Debt and Equity

Number of pages: 54 Posted: 22 Nov 2022 Last Revised: 27 Nov 2022
Snehal Banerjee, Bradyn M. Breon-Drish and Kevin Smith
University of California, San Diego (UCSD) - Rady School of Management, University of California, San Diego (UCSD) - Rady School of Management and Stanford University Graduate School of Business
Downloads 58 (530,878)

Abstract:

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capital structure, rational expectations, difference of opinions, disagreement, liquidity trading, information quality