Mark Grinblatt

University of California, Los Angeles (UCLA) - Finance Area

Professor of Finance

Los Angeles, CA 90095-1481

United States

Yale University - International Center for Finance

Fellow

Box 208200

New Haven, CT 06520-8200

United States

National Bureau of Economic Research (NBER)

Director

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

34

DOWNLOADS
Rank 736

SSRN RANKINGS

Top 736

in Total Papers Downloads

39,043

SSRN CITATIONS
Rank 1,526

SSRN RANKINGS

Top 1,526

in Total Papers Citations

447

CROSSREF CITATIONS

387

Scholarly Papers (34)

1.

Prospect Theory, Mental Accounting, and Momentum

Number of pages: 38 Posted: 09 Nov 2001
Bing Han and Mark Grinblatt
University of Toronto, Rotman School of Management and University of California, Los Angeles (UCLA) - Finance Area
Downloads 5,744 (1,589)
Citation 74

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prospect theory, mental accounting, disposition effect, momentum

2.
Downloads 4,318 ( 2,617)
Citation 3

Agnostic Fundamental Analysis Works

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 56 Posted: 07 Oct 2015 Last Revised: 18 Dec 2017
Söhnke M. Bartram and Mark Grinblatt
University of Warwick and University of California, Los Angeles (UCLA) - Finance Area
Downloads 3,200 (4,307)
Citation 2

Abstract:

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Valuation, asset pricing, market efficiency, fundamental analysis, Point-in-Time, Theil-Sen

Agnostic Fundamental Analysis Works

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 56 Posted: 14 Aug 2014 Last Revised: 18 Dec 2017
Söhnke M. Bartram and Mark Grinblatt
University of Warwick and University of California, Los Angeles (UCLA) - Finance Area
Downloads 1,118 (23,146)

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Valuation, asset pricing, market efficiency, fundamental analysis, Point-in-Time, Theil-Sen

3.

IQ and Stock Market Participation

AEA 2010 Atlanta Meetings Paper, CRSP Working Paper, Western Finance Association 2010 Meetings Paper, Journal of Finance, Forthcoming, Chicago Booth Research Paper No. 09-27
Number of pages: 56 Posted: 02 Aug 2009 Last Revised: 23 Jan 2011
University of California, Los Angeles (UCLA) - Finance Area, Aalto University - School of Business and Dartmouth College - Tuck School of Business
Downloads 3,606 (3,535)
Citation 86

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Intelligence, household finance, stock market participation

4.
Downloads 3,444 ( 3,861)

Positive Portfolio Factors

Yale School of Management Working Paper No. F-57
Number of pages: 22 Posted: 23 Apr 1998
New York University - Stern School of Business, Yale School of Management - International Center for Finance and University of California, Los Angeles (UCLA) - Finance Area
Downloads 3,345 (3,960)

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Positive Portfolio Factors

NBER Working Paper No. w6412
Number of pages: 19 Posted: 20 Sep 2000 Last Revised: 08 Oct 2010
New York University - Stern School of Business, Yale School of Management - International Center for Finance and University of California, Los Angeles (UCLA) - Finance Area
Downloads 99 (326,472)

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5.

What Makes Investors Trade?

Number of pages: 32 Posted: 10 Jul 2000
Mark Grinblatt and Matti Keloharju
University of California, Los Angeles (UCLA) - Finance Area and Aalto University - School of Business
Downloads 2,722 (5,776)
Citation 99

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6.

IQ, Trading Behavior, and Performance

Journal of Financial Economics, Forthcoming, CRSP Working Paper, AFA 2010 Atlanta Meetings Paper, EFA 2010 Frankfurt Meetings Paper, Chicago Booth Research Paper No. 09-33
Number of pages: 65 Posted: 20 Mar 2009 Last Revised: 17 Nov 2011
University of California, Los Angeles (UCLA) - Finance Area, Aalto University - School of Business and Dartmouth College - Tuck School of Business
Downloads 2,094 (8,829)
Citation 43

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Intelligence, household finance, trading performance

7.

The Valuation Effects of Stock Splits and Stock Dividends

Journal of Financial Economics (JFE), Vol. 13, No. 4, 1984
Number of pages: 36 Posted: 21 Jun 2007
Mark Grinblatt, Ronald W. Masulis and Sheridan Titman
University of California, Los Angeles (UCLA) - Finance Area, University of New South Wales, Sydney and University of Texas at Austin - Department of Finance
Downloads 2,081 (8,927)
Citation 14

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Stock splits, stock dividends, signalling, announcement effects, ex-date effects

8.

An Analytic Solution for Interest Rate Swap Spreads

Number of pages: 45 Posted: 21 Jan 2002
Mark Grinblatt
University of California, Los Angeles (UCLA) - Finance Area
Downloads 2,036 (9,261)
Citation 17

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9.
Downloads 1,637 ( 13,151)
Citation 8

Global Market Inefficiencies

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 69 Posted: 02 Aug 2017 Last Revised: 31 Dec 2019
Söhnke M. Bartram and Mark Grinblatt
University of Warwick and University of California, Los Angeles (UCLA) - Finance Area
Downloads 759 (40,092)
Citation 1

Abstract:

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International finance, valuation, asset pricing, market efficiency, fundamental analysis, Point-in-Time, Theil-Sen, transaction costs, principal components, IPCA

Global Market Inefficiencies

Number of pages: 69 Posted: 20 Dec 2014 Last Revised: 30 Oct 2019
Söhnke M. Bartram and Mark Grinblatt
University of Warwick and University of California, Los Angeles (UCLA) - Finance Area
Downloads 545 (61,915)
Citation 7

Abstract:

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International finance, valuation, asset pricing, market efficiency, fundamental analysis, Point-in-Time, Theil-Sen, transaction costs, principal components, IPCA

Global Market Inefficiencies

Number of pages: 69 Posted: 14 Jul 2017 Last Revised: 31 Oct 2019
Söhnke M. Bartram and Mark Grinblatt
University of Warwick and University of California, Los Angeles (UCLA) - Finance Area
Downloads 189 (196,286)

Abstract:

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International finance, valuation, asset pricing, market efficiency, fundamental analysis, Point-in-Time, Theil-Sen, transaction costs, principal components, IPCA

Global Market Inefficiencies

Number of pages: 69 Posted: 01 Aug 2018 Last Revised: 30 Oct 2020
Söhnke M. Bartram and Mark Grinblatt
University of Warwick and University of California, Los Angeles (UCLA) - Finance Area
Downloads 143 (249,373)
Citation 1

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International finance, valuation, asset pricing, market efficiency, fundamental analysis, Point-in-Time, Theil-Sen, transaction costs, principal components, IPCA

Global Market Inefficiencies

CEPR Discussion Paper No. DP14232
Number of pages: 61 Posted: 14 Jan 2020
Söhnke M. Bartram and Mark Grinblatt
University of Warwick and University of California, Los Angeles (UCLA) - Finance Area
Downloads 1 (813,698)
Citation 3
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Asset Pricing, fundamental analysis, instrumented principal components analy-sis (IPCA), international finance, Market Efficiency, Point-in-Time (PIT), principal components, transaction costs, Valuation

Global Market Inefficiencies

Posted: 09 Aug 2017 Last Revised: 31 Oct 2019
Söhnke M. Bartram and Mark Grinblatt
University of Warwick and University of California, Los Angeles (UCLA) - Finance Area
Downloads 0 (232,367)
Citation 1

Abstract:

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International finance, valuation, asset pricing, market efficiency, fundamental analysis, Point-in-Time, Theil-Sen, transaction costs, principal components, IPCA

10.
Downloads 1,631 ( 13,233)
Citation 4

Style and Skill: Hedge Funds, Mutual Funds, and Momentum

Number of pages: 47 Posted: 08 Jan 2016 Last Revised: 11 Jan 2020
University of California, Los Angeles (UCLA) - Finance Area, George Washington University - Department of Finance, Board of Governors of the Federal Reserve System and George Mason University - Department of Finance
Downloads 1,631 (12,992)
Citation 4

Abstract:

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Hedge funds, mutual funds, momentum, contrarian, anomalies, stock-picking skill

Style and Skill: Hedge Funds, Mutual Funds, and Momentum

Management Science, Forthcoming
Posted: 29 Jan 2020
University of California, Los Angeles (UCLA) - Finance Area, George Washington University - Department of Finance, Board of Governors of the Federal Reserve System and George Mason University - Department of Finance

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Hedge Funds, Mutual Funds, Momentum, Performance

11.

The Cross Section of Expected Returns and its Relation to Past Returns: New Evidence

Number of pages: 42 Posted: 20 Oct 1999
Mark Grinblatt and Tobias J. Moskowitz
University of California, Los Angeles (UCLA) - Finance Area and Yale University, Yale SOM
Downloads 1,615 (13,423)
Citation 21

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12.

Distance, Language, and Culture Bias: The Role of Investor Sophistication

Number of pages: 27 Posted: 31 May 2000
Mark Grinblatt and Matti Keloharju
University of California, Los Angeles (UCLA) - Finance Area and Aalto University - School of Business
Downloads 1,323 (18,339)
Citation 24

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13.

What Do We Really Know About the Cross-Sectional Relation Between Past and Expected Returns?

Number of pages: 50 Posted: 25 Jan 2002
Mark Grinblatt and Tobias J. Moskowitz
University of California, Los Angeles (UCLA) - Finance Area and Yale University, Yale SOM
Downloads 1,079 (24,807)

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14.

Analyst Bias and Mispricing

7th Miami Behavioral Finance Conference 2016
Number of pages: 49 Posted: 02 Sep 2015 Last Revised: 05 Aug 2018
Mark Grinblatt, Gergana Jostova and Alexander Philipov
University of California, Los Angeles (UCLA) - Finance Area, George Washington University - Department of Finance and George Mason University - Department of Finance
Downloads 670 (48,186)
Citation 2

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Analyst bias, credit risk, anomalies, market efficiency, behavioral

15.

Agnostic Fundamental Analysis Works

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 56 Posted: 30 Jun 2016 Last Revised: 18 Dec 2017
Söhnke M. Bartram and Mark Grinblatt
University of Warwick and University of California, Los Angeles (UCLA) - Finance Area
Downloads 669 (48,186)
Citation 22

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Valuation, asset pricing, market efficiency, fundamental analysis, Point-in-Time, Theil-Sen

16.

Jensen's Inequality, Parameter Uncertainty, and Multi-Period Investment

Chicago Booth Research Paper No. 10-22, CRSP Working Paper
Number of pages: 48 Posted: 23 Jun 2010 Last Revised: 02 Nov 2010
Mark Grinblatt and Juhani T. Linnainmaa
University of California, Los Angeles (UCLA) - Finance Area and Dartmouth College - Tuck School of Business
Downloads 669 (48,186)
Citation 2

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Bayesian, Multi-period Investment, Nonlinear Estimation

17.

The Disposition Effect and Momentum

NBER Working Paper No. w8734
Number of pages: 45 Posted: 24 Jan 2002 Last Revised: 15 May 2021
Bing Han and Mark Grinblatt
University of Toronto, Rotman School of Management and University of California, Los Angeles (UCLA) - Finance Area
Downloads 607 (54,699)

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18.
Downloads 516 ( 66,959)
Citation 22

Tax-Loss Trading and Wash Sales

Number of pages: 41 Posted: 22 Aug 2000
Mark Grinblatt and Matti Keloharju
University of California, Los Angeles (UCLA) - Finance Area and Aalto University - School of Business
Downloads 467 (75,087)

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Tax-Loss Trading and Wash Sales

NBER Working Paper No. w8745
Number of pages: 38 Posted: 24 Jan 2002 Last Revised: 26 May 2021
Mark Grinblatt and Matti Keloharju
University of California, Los Angeles (UCLA) - Finance Area and Aalto University - School of Business
Downloads 49 (481,297)
Citation 4

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19.

IQ and Mutual Fund Choice

AFA 2013 San Diego Meetings Paper, San Diego Jan. 4-6, 2013
Number of pages: 57 Posted: 15 Mar 2012 Last Revised: 16 May 2013
University of California, Los Angeles (UCLA) - Finance Area, Aalto University, Aalto University - School of Business and BI Norwegian Business School
Downloads 513 (67,416)
Citation 20

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mutual fund, IQ, fees, portfolio choice

Interpersonal Effects in Consumption: Evidence from the Automobile Purchases of Neighbors

Number of pages: 49 Posted: 13 Apr 2004
Mark Grinblatt, Matti Keloharju and Seppo Ikaheimo
University of California, Los Angeles (UCLA) - Finance Area, Aalto University - School of Business and Aalto University
Downloads 315 (118,074)

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Interpersonal Effects in Consumption: Evidence from the Automobile Purchases of Neighbors

NBER Working Paper No. w10226
Number of pages: 42 Posted: 23 Jan 2004
Mark Grinblatt, Matti Keloharju and Seppo Ikaheimo
University of California, Los Angeles (UCLA) - Finance Area, Aalto University - School of Business and Aalto University
Downloads 43 (508,559)

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21.
Downloads 340 (109,329)
Citation 8

Debt Policy, Corporate Taxes, and Discount Rates

UCLA Finance Working Paper No. 14-02
Number of pages: 34 Posted: 13 Jun 2003
Mark Grinblatt and Jun Liu
University of California, Los Angeles (UCLA) - Finance Area and University of California, San Diego (UCSD) - Rady School of Management
Downloads 285 (131,412)
Citation 1

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debt policy, corporate taxes, discount rates, weighted cost of capital

Debt Policy, Corporate Taxes, and Discount Rates

NBER Working Paper No. w9353
Number of pages: 35 Posted: 21 Nov 2002 Last Revised: 24 Jul 2021
Mark Grinblatt and Jun Liu
University of California, Los Angeles (UCLA) - Finance Area and University of California, San Diego (UCSD) - Rady School of Management
Downloads 55 (456,881)
Citation 1

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Information Aggregation, Security Design, and Currency Swaps

Yale ICF Working Paper No. 00-73
Number of pages: 31 Posted: 04 Feb 2002
Mark Grinblatt, Bhagwan Chowdhry and David K. Levine
University of California, Los Angeles (UCLA) - Finance Area, UCLA Anderson and Washington University in St. Louis - Department of Economics
Downloads 293 (127,596)

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Information Aggregation, Security Design and Currency Swaps

NBER Working Paper No. w8746
Number of pages: 30 Posted: 11 Feb 2004
Bhagwan Chowdhry, Mark Grinblatt and David K. Levine
UCLA Anderson, University of California, Los Angeles (UCLA) - Finance Area and Washington University in St. Louis - Department of Economics
Downloads 27 (598,154)
Citation 1

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Information Aggregation, Security Design, and Currency Swaps

Posted: 20 Jun 2002
Bhagwan Chowdhry, Mark Grinblatt and David K. Levine
UCLA Anderson, University of California, Los Angeles (UCLA) - Finance Area and Washington University in St. Louis - Department of Economics

Abstract:

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Book-to-Market, Mispricing, and the Cross-Section of Corporate Bond Returns

WBS Finance Group Research Paper
Number of pages: 64 Posted: 13 Oct 2020 Last Revised: 13 Jul 2021
Söhnke M. Bartram, Mark Grinblatt and Yoshio Nozawa
University of Warwick, University of California, Los Angeles (UCLA) - Finance Area and Hong Kong University of Science and Technology
Downloads 259 (145,181)

Abstract:

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Credit Risk, Corporate Bonds, Book-to-Market, Market Efficiency, Transaction Costs, Point-in-Time

Book-to-Market, Mispricing, and the Cross-Section of Corporate Bond Returns

WBS Finance Group Research Paper
Number of pages: 64 Posted: 11 Oct 2020 Last Revised: 13 Jul 2021
Söhnke M. Bartram, Mark Grinblatt and Yoshio Nozawa
University of Warwick, University of California, Los Angeles (UCLA) - Finance Area and Hong Kong University of Science and Technology
Downloads 43 (508,559)
Citation 1

Abstract:

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Credit Risk, Corporate Bonds, Book-to-Market, Market Efficiency, Transaction Costs, Point-in-Time

Book-to-Market, Mispricing, and the Cross-Section of Corporate Bond Returns

NBER Working Paper No. w27655
Number of pages: 64 Posted: 10 Aug 2020 Last Revised: 30 May 2021
Söhnke M. Bartram, Mark Grinblatt and Yoshio Nozawa
University of Warwick, University of California, Los Angeles (UCLA) - Finance Area and Hong Kong University of Science and Technology
Downloads 6 (763,662)
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24.

Are Mutual Fund Fees Competitive? What IQ-Related Behavior Tells Us

Number of pages: 33 Posted: 17 Mar 2008
Mark Grinblatt, Seppo Ikaheimo and Matti Keloharju
University of California, Los Angeles (UCLA) - Finance Area, Aalto University and Aalto University - School of Business
Downloads 251 (150,309)
Citation 4

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25.

Sensation Seeking, Overconfidence, and Trading Activity

NBER Working Paper No. w12223
Number of pages: 33 Posted: 25 May 2006 Last Revised: 24 Jul 2006
Mark Grinblatt and Matti Keloharju
University of California, Los Angeles (UCLA) - Finance Area and Aalto University - School of Business
Downloads 233 (161,547)
Citation 37

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Social Influence and Consumption: Evidence from the Automobile Purchases of Neighbors

Number of pages: 53 Posted: 22 Jun 2007
Mark Grinblatt, Matti Keloharju and Seppo Ikaheimo
University of California, Los Angeles (UCLA) - Finance Area, Aalto University - School of Business and Aalto University
Downloads 139 (255,168)
Citation 30

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Social influennce, consumption, network effects, automobiles

Social Influence and Consumption: Evidence from the Automobile Purchases of Neighbors

Review of Economics and Statistics, Forthcoming
Posted: 18 Oct 2007
Mark Grinblatt, Matti Keloharju and Seppo Ikaheimo
University of California, Los Angeles (UCLA) - Finance Area, Aalto University - School of Business and Aalto University

Abstract:

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Social influennce, consumption, network effects, automobiles

27.

What Do We Really Know About the Cross-Sectional Relation between Past and Expected Returns?

NBER Working Paper No. w8744
Number of pages: 49 Posted: 24 Jan 2002 Last Revised: 24 May 2021
Mark Grinblatt and Tobias J. Moskowitz
University of California, Los Angeles (UCLA) - Finance Area and Yale University, Yale SOM
Downloads 90 (344,472)

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28.

State Pricing, Effectively Complete Markets, and Corporate Finance

Journal of Corporate Finance, Forthcoming
Number of pages: 23 Posted: 14 Nov 2019
Mark Grinblatt and Kam-Ming Wan
University of California, Los Angeles (UCLA) - Finance Area and Hanken School of Economics
Downloads 30 (563,772)
Citation 1

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Event Study, Options, State Prices, Difference-in-Difference Method, Identification

29.

When Factors Don't Span Their Basis Portfolios

Journal of Financial and Quantitative Analysis, 2018
Posted: 05 Jun 2016 Last Revised: 02 Feb 2019
Mark Grinblatt and Konark Saxena
University of California, Los Angeles (UCLA) - Finance Area and University of New South Wales

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Factor Models, Mean Variance Efficient Portfolios, Jackknife Estimators, HML, SMB

30.

Signalling and the Pricing of New Issues

University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship
Posted: 17 Nov 2009
Mark Grinblatt and Chuan-Yang Hwang
University of California, Los Angeles (UCLA) - Finance Area and Nanyang Business School, Nanyang Technological University

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Signaling, Startups, Initial public offerings (IPO), Stock offerings, Underpricing, Valuation, Market value, Prices, Shareholders, Information asymmetry

31.

The Investment Behavior and Performance of Various Investor Types: A Study of Finland's Unique Data Set

Posted: 13 Sep 2001
Mark Grinblatt and Matti Keloharju
University of California, Los Angeles (UCLA) - Finance Area and Aalto University - School of Business

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Investor Behavior; Momentum; Performance; International Stock Returns

32.

The Relative Pricing of Eurodollar Futures and Forward Contracts

Posted: 16 Sep 1999
Narasimhan Jegadeesh and Mark Grinblatt
Emory University - Department of Finance and University of California, Los Angeles (UCLA) - Finance Area

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33.

Momentum Investment Strategies, Portfolio Performance, and Herding: A Study of Mutual Fund Behavior

Posted: 07 Sep 1999
Mark Grinblatt, Sheridan Titman and Russ Wermers
University of California, Los Angeles (UCLA) - Finance Area, University of Texas at Austin - Department of Finance and University of Maryland - Robert H. Smith School of Business

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34.

Financial Innovation and the Role of Derivative Securities: An Empirical Analysis of the Treasury Strips Program

Working Paper 1-96
Posted: 01 Jul 1998
Mark Grinblatt and Francis A. Longstaff
University of California, Los Angeles (UCLA) - Finance Area and University of California, Los Angeles (UCLA) - Finance Area

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