Ferhat Akbas

University of Illinois at Chicago - College of Business Administration

601 South Morgan Street

11th Floor

Chicago, IL 60607

United States

  • University of Illinois at Chicago - College of Business Administration

SCHOLARLY PAPERS

21

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169

CROSSREF CITATIONS

19

Scholarly Papers (21)

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1.

The Trend in Firm Profitability and the Cross Section of Stock Returns

The Accounting Review, 2017
Number of pages: 91 Posted: 17 Dec 2014 Last Revised: 31 Jan 2018
Ferhat Akbas, Chao Jiang and Paul D. Koch
University of Illinois at Chicago - College of Business Administration, University of South Carolina - Department of Finance and Iowa State University - Finance Department
Downloads 1,808 (16,502)
Citation 14

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Gross profitability, trend in profitability, expected returns, profitability growth

2.

Overnight Returns, Daytime Reversals, and Future Stock Returns

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 73 Posted: 09 Feb 2019
Ferhat Akbas, Ekkehart Boehmer, Chao Jiang and Paul D. Koch
University of Illinois at Chicago - College of Business Administration, Singapore Management University - Lee Kong Chian School of Business, University of South Carolina - Department of Finance and Iowa State University - Finance Department
Downloads 1,661 (208,248)

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Opening price, overnight return, daytime reversal, heterogeneous investors, retail traders, arbitrageurs.

3.

Capital Market Efficiency and Arbitrage Efficacy

AFA 2013 San Diego Meetings Paper, Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 55 Posted: 15 Mar 2012 Last Revised: 20 Mar 2015
Ferhat Akbas, Will J. Armstrong, Sorin M. Sorescu and Avanidhar Subrahmanyam
University of Illinois at Chicago - College of Business Administration, Texas Tech University - Area of Finance, Texas A&M University and University of California, Los Angeles (UCLA) - Finance Area
Downloads 1,296 (27,305)
Citation 4

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cross-section of stock returns; limits to arbitrage; market efficiency; anomalies; funding constraints; fund flows; mutual funds

4.

Short Interest, Returns, and Fundamentals

Number of pages: 51 Posted: 13 Feb 2013 Last Revised: 18 Sep 2013
Ferhat Akbas, Ekkehart Boehmer, Bilal Erturk and Sorin M. Sorescu
University of Illinois at Chicago - College of Business Administration, Singapore Management University - Lee Kong Chian School of Business, Texas A&M University - Department of Finance and Texas A&M University
Downloads 1,053 (36,965)
Citation 6

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Short interest, fundamental information, cross-section of stock returns

5.

Smart Money, Dumb Money, and Capital Market Anomalies

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 75 Posted: 16 Mar 2014 Last Revised: 20 Mar 2015
Ferhat Akbas, Will J. Armstrong, Sorin M. Sorescu and Avanidhar Subrahmanyam
University of Illinois at Chicago - College of Business Administration, Texas Tech University - Area of Finance, Texas A&M University and University of California, Los Angeles (UCLA) - Finance Area
Downloads 1,051 (37,006)
Citation 59

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Mutual funds, Hedge funds, Sock return anomalies

6.

The Volatility of Liquidity and Expected Stock Returns

Number of pages: 45 Posted: 18 Mar 2011
Ralitsa Petkova, Ferhat Akbas and Will J. Armstrong
Case Western Reserve University - Department of Banking & Finance, University of Illinois at Chicago - College of Business Administration and Texas Tech University - Area of Finance
Downloads 872 (47,974)
Citation 6

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7.

Insider Investment Horizon

Journal of Finance, Forthcoming
Number of pages: 96 Posted: 17 Mar 2017 Last Revised: 08 May 2018
Ferhat Akbas, Chao Jiang and Paul D. Koch
University of Illinois at Chicago - College of Business Administration, University of South Carolina - Department of Finance and Iowa State University - Finance Department
Downloads 799 (54,171)
Citation 4

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Insider trading, investment horizon, unexpected insider trades, information asymmetry, short-termism

8.

The Calm Before the Storm

Journal of Finance, Forthcoming
Number of pages: 62 Posted: 10 Mar 2013 Last Revised: 20 May 2015
Ferhat Akbas
University of Illinois at Chicago - College of Business Administration
Downloads 656 (70,050)
Citation 14

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Trading volume, short-sale restrictions, earnings announcements

9.

The Time-Varying Liquidity Risk of Value and Growth Stocks

Number of pages: 47 Posted: 19 Mar 2010
Ferhat Akbas, Ekkehart Boehmer, Egemen Genc and Ralitsa Petkova
University of Illinois at Chicago - College of Business Administration, Singapore Management University - Lee Kong Chian School of Business, University of Illinois at Chicago and Case Western Reserve University - Department of Banking & Finance
Downloads 645 (71,630)
Citation 8

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10.

Director Networks and Informed Traders

Journal of Accounting & Economics (JAE), Forthcoming
Number of pages: 48 Posted: 16 Jan 2014 Last Revised: 26 Jul 2016
Ferhat Akbas, Felix Meschke and M. Babajide Wintoki
University of Illinois at Chicago - College of Business Administration, University of Kansas - Finance Area and University of Kansas - School of Business
Downloads 574 (82,770)
Citation 18

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Director networks; Informed Trading; Corporate Directors; Short Sellers; Board of Directors; Board Size

11.

Peer Stock Short Interest and Future Returns

Number of pages: 47 Posted: 13 Sep 2014 Last Revised: 22 Feb 2015
Ferhat Akbas, Ekkehart Boehmer and Egemen Genc
University of Illinois at Chicago - College of Business Administration, Singapore Management University - Lee Kong Chian School of Business and University of Illinois at Chicago
Downloads 470 (105,796)

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12.

Determinants and Consequences of Information Processing Delay: Evidence from the Thomson Reuters Institutional Brokers’ Estimate System

Journal of Financial Economics (JFE), 127 (2018) 366-388, University of Miami Business School Research Paper No. 18-7
Number of pages: 58 Posted: 28 Oct 2016 Last Revised: 10 Oct 2018
Ferhat Akbas, Stanimir Markov, Musa Subasi and Eric H. Weisbrod
University of Illinois at Chicago - College of Business Administration, University of Texas at Dallas - Naveen Jindal School of Management, University of Maryland-College Park - Robert H. Smith School of Business and University of Kansas - School of Business
Downloads 399 (128,158)
Citation 12

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Information intermediaries, information processing, limited attention, information distribution, price discovery

13.

Director Networks and Managerial Response to Non-Fundamental Price Shocks

Number of pages: 54 Posted: 10 Aug 2017 Last Revised: 28 Nov 2018
Ferhat Akbas, Rebecca N. Hann, M. Fikret Polat and Musa Subasi
University of Illinois at Chicago - College of Business Administration, University of Maryland - Robert H. Smith School of Business, University of Maryland - Department of Accounting & Information Assurance and University of Maryland-College Park - Robert H. Smith School of Business
Downloads 367 (140,688)

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Director networks; non-fundamental price shocks; corporate governance; corporate investment

14.

Do Mutual Fund Investors Overweight the Probability of Extreme Payoffs in the Return Distribution?

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 87 Posted: 19 Feb 2016 Last Revised: 13 Nov 2018
Ferhat Akbas and Egemen Genc
University of Illinois at Chicago - College of Business Administration and University of Illinois at Chicago
Downloads 364 (141,991)
Citation 18

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mutual funds, fund flows, extreme positive payoffs, lottery stocks

15.

High Aggregate Volume Return Premium

Number of pages: 56 Posted: 21 Nov 2017 Last Revised: 06 Feb 2020
Ferhat Akbas, Egemen Genc, Chao Jiang and Paul D. Koch
University of Illinois at Chicago - College of Business Administration, University of Illinois at Chicago, University of South Carolina - Department of Finance and Iowa State University - Finance Department
Downloads 288 (182,170)
Citation 1

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Disagreement, abnormal trading volume, asset prices, equity risk premium, volatility, return predictability

16.

Corporate news releases and the profitability of retail trades

Number of pages: 61 Posted: 01 Feb 2017 Last Revised: 09 Jan 2019
Ferhat Akbas and Musa Subasi
University of Illinois at Chicago - College of Business Administration and University of Maryland-College Park - Robert H. Smith School of Business
Downloads 284 (184,787)
Citation 1

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Individual Investors; Information Processing; Public News

17.

Funding Constraints and Market Efficiency

Mays Business School Research Paper No. 2012-75
Number of pages: 51 Posted: 30 Nov 2010 Last Revised: 23 Oct 2012
Ferhat Akbas, Will J. Armstrong, Sorin M. Sorescu and Avanidhar Subrahmanyam
University of Illinois at Chicago - College of Business Administration, Texas Tech University - Area of Finance, Texas A&M University and University of California, Los Angeles (UCLA) - Finance Area
Downloads 258 (203,553)

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market efficiency, anomalies, arbitrage, funding constraints, momentum, reversal, value, profitability

18.

Initial Margin Requirements and Market Efficiency

Number of pages: 86 Posted: 26 Mar 2021 Last Revised: 23 Mar 2022
Ferhat Akbas, Lezgin Ay and Paul D. Koch
University of Illinois at Chicago - College of Business Administration, University of North Texas, Department of Finance and Iowa State University - Finance Department
Downloads 208 (252,291)

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market efficiency, leverage constraints, margin requirements, limits to arbitrage, post-earnings announcement drift, PEAD

19.

Margin Requirements, Risk Taking, and Multifactor Models

Number of pages: 68 Posted: 11 Dec 2018 Last Revised: 03 Dec 2019
Ferhat Akbas, Lezgin Ay, Chao Jiang and Paul D. Koch
University of Illinois at Chicago - College of Business Administration, University of North Texas, Department of Finance, University of South Carolina - Department of Finance and Iowa State University - Finance Department
Downloads 148 (337,971)

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Asset pricing, CAPM, multifactor models, security market line, leverage constraints, margin requirements, risk premia.

20.

The Evolution of Market Efficiency Over the Past Century

Number of pages: 67 Posted: 04 Mar 2023
Ferhat Akbas, Lezgin Ay and Paul Koch
University of Illinois at Chicago - College of Business Administration, University of North Texas, Department of Finance and Iowa State University
Downloads 130 (371,755)

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market efficiency, timeliness of price adjustment, underreaction, price delay, post-earnings announcement drift, limits to arbitrage, trading frictions, finance industry

21.

Are Sophisticated Traders Better Informed When Trading Family Firms?

Number of pages: 59
Ferhat Akbas, Minjie Huang and Felix Meschke
University of Illinois at Chicago - College of Business Administration, University of Louisville - Department of Finance and University of Kansas - Finance Area
Downloads 2

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family firms, short sales, informed trading