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

30

DOWNLOADS
Rank 513

SSRN RANKINGS

Top 513

in Total Papers Downloads

30,181

CITATIONS
Rank 681

SSRN RANKINGS

Top 681

in Total Papers Citations

737

Scholarly Papers (30)

1.

Prospect Theory, Mental Accounting, and Momentum

Yale ICF Working Paper No. 00-71; UCLA Anderson School Finance Working Paper No. 01-18; AFA 2003 Washington, DC Meetings
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 4,944 (950)
Citation 93

Abstract:

prospect theory, mental accounting, disposition effect, momentum

2.
Downloads 3,337 ( 2,074)
Citation 6

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 3,259 (2,121)
Citation 6

Abstract:

Positive Portfolio Factors

NBER Working Paper No. w6412
Number of pages: 19 Posted: 20 Sep 2000
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 78 (248,158)
Citation 6

Abstract:

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 USC Marshall School of Business
Downloads 2,830 (2,655)
Citation 36

Abstract:

Intelligence, household finance, stock market participation

4.
Downloads 2,726 ( 3,006)

Fundamental Analysis Works

Number of pages: 66 Posted: 07 Oct 2015 Last Revised: 01 Jan 2016
Söhnke M. Bartram and Mark Grinblatt
Warwick Business School - Department of Finance and University of California, Los Angeles (UCLA) - Finance Area
Downloads 2,113 (4,549)

Abstract:

Valuation, asset pricing, market efficiency, fundamental analysis

Fundamental Analysis Works

Number of pages: 66 Posted: 14 Aug 2014 Last Revised: 01 Jan 2016
Söhnke M. Bartram and Mark Grinblatt
Warwick Business School - Department of Finance and University of California, Los Angeles (UCLA) - Finance Area
Downloads 613 (31,953)

Abstract:

Valuation, asset pricing, market efficiency, fundamental analysis

5.

What Makes Investors Trade?

Yale ICF Working Paper No. 00-02; Yale SOM Working Paper No. ICF 00-02
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 2,230 (3,799)
Citation 242

Abstract:

6.

An Analytic Solution for Interest Rate Swap Spreads

Yale ICF Working Paper No. 02-02
Number of pages: 45 Posted: 21 Jan 2002
Mark Grinblatt
University of California, Los Angeles (UCLA) - Finance Area
Downloads 1,928 (5,193)
Citation 43

Abstract:

7.

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 USC Marshall School of Business
Downloads 1,633 (6,948)
Citation 16

Abstract:

Intelligence, household finance, trading performance

8.

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 - Australian School of Business and University of Texas at Austin - Department of Finance
Downloads 1,548 (6,897)
Citation 76

Abstract:

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

9.

The Cross Section Of Expected Returns And Its Relation To Past Returns: New Evidence

CRSP Working Paper No. 503; Yale ICF Working Paper No. 99-09
Number of pages: 42 Posted: 20 Oct 1999
Mark Grinblatt and Tobias J. Moskowitz
University of California, Los Angeles (UCLA) - Finance Area and AQR Capital
Downloads 1,462 (8,404)
Citation 14

Abstract:

10.

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

Yale ICF Working Paper No. 00-04; Yale SOM Working Paper No. ICF 00-04
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 1,081 (13,179)
Citation 33

Abstract:

11.

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

Yale ICF Working Paper No. 00-72
Number of pages: 50 Posted: 25 Jan 2002
Mark Grinblatt and Tobias J. Moskowitz
University of California, Los Angeles (UCLA) - Finance Area and AQR Capital
Downloads 1,011 (15,244)
Citation 4

Abstract:

12.

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 USC Marshall School of Business
Downloads 564 (35,157)
Citation 1

Abstract:

Bayesian, Multi-period Investment, Nonlinear Estimation

13.
Downloads 465 ( 46,423)
Citation 24

Tax-Loss Trading and Wash Sales

Yale ICF Working Paper No. 00-15; Yale SOM Working Paper No. ICF - 00-15
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 429 (50,746)
Citation 24

Abstract:

Tax-Loss Trading and Wash Sales

NBER Working Paper No. w8745
Number of pages: 38 Posted: 24 Jan 2002
Mark Grinblatt and Matti Keloharju
University of California, Los Angeles (UCLA) - Finance Area and Aalto University - School of Business
Downloads 36 (360,293)
Citation 24

Abstract:

14.

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 391 (57,362)
Citation 2

Abstract:

mutual fund, IQ, fees, portfolio choice

15.

The Disposition Effect and Momentum

NBER Working Paper No. w8734
Number of pages: 45 Posted: 24 Jan 2002
Bing Han and Mark Grinblatt
University of Toronto, Rotman School of Management and University of California, Los Angeles (UCLA) - Finance Area
Downloads 391 (47,185)
Citation 41

Abstract:

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

Yale ICF Working Paper No. 04-10
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 301 (77,053)
Citation 11

Abstract:

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 38 (352,855)
Citation 11

Abstract:

17.
Downloads 317 ( 73,295)
Citation 7

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 269 (87,493)
Citation 7

Abstract:

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
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 48 (320,516)
Citation 7

Abstract:

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, University of California, Los Angeles (UCLA) - Finance Area and Washington University in Saint Louis - Department of Economics
Downloads 281 (83,374)
Citation 2

Abstract:

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
University of California, Los Angeles (UCLA) - Finance Area, University of California, Los Angeles (UCLA) - Finance Area and Washington University in Saint Louis - Department of Economics
Downloads 24 (413,688)
Citation 2

Abstract:

Information Aggregation, Security Design, and Currency Swaps

Journal of Political Economy, Vol. 110, June 2002
Posted: 20 Jun 2002
Bhagwan Chowdhry, Mark Grinblatt and David K. Levine
University of California, Los Angeles (UCLA) - Finance Area, University of California, Los Angeles (UCLA) - Finance Area and Washington University in Saint Louis - Department of Economics

Abstract:

19.

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 219 (104,989)
Citation 3

Abstract:

20.

Sensation Seeking, Overconfidence, and Trading Activity

NBER Working Paper No. w12223
Number of pages: 33 Posted: 25 May 2006
Mark Grinblatt and Matti Keloharju
University of California, Los Angeles (UCLA) - Finance Area and Aalto University - School of Business
Downloads 122 (157,539)
Citation 63

Abstract:

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 89 (228,408)
Citation 15

Abstract:

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:

Social influennce, consumption, network effects, automobiles

22.

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
Mark Grinblatt and Tobias J. Moskowitz
University of California, Los Angeles (UCLA) - Finance Area and AQR Capital
Downloads 61 (261,773)
Citation 4

Abstract:

23.

Analyst Bias and Mispricing

Number of pages: 50 Posted: 02 Sep 2015 Last Revised: 02 Aug 2016
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 - Finance Area
Downloads 49 (135,220)

Abstract:

Analyst bias, credit risk, distress risk, dispersion, idiosyncratic volatility anomalies, market efficiency, trading strategy

24.

When Factors Don't Span Their Basis Portfolios

Number of pages: 33 Posted: 05 Jun 2016 Last Revised: 01 Oct 2016
Mark Grinblatt and Konark Saxena
University of California, Los Angeles (UCLA) - Finance Area and University of New South Wales
Downloads 0 (225,105)

Abstract:

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

25.

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

Number of pages: 51 Posted: 08 Jan 2016 Last Revised: 09 Oct 2016
University of California, Los Angeles (UCLA) - Finance Area, George Washington University - Department of Finance, Federal Reserve Board and George Mason University - Finance Area
Downloads 0 (18,767)

Abstract:

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

26.

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 Technological University (NTU)

Abstract:

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

27.

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

Journal of Financial Economics, Vol. 55, No. 1, Jan. 1, 2000
Posted: 13 Sep 2001
Mark Grinblatt and Matti Keloharju
University of California, Los Angeles (UCLA) - Finance Area and Aalto University - School of Business

Abstract:

Investor Behavior; Momentum; Performance; International Stock Returns

28.

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

Abstract:

29.

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

Abstract:

30.

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

Abstract: