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

36

DOWNLOADS
Rank 1,120

SSRN RANKINGS

Top 1,120

in Total Papers Downloads

46,757

TOTAL CITATIONS
Rank 1,147

SSRN RANKINGS

Top 1,147

in Total Papers Citations

728

Scholarly Papers (36)

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 6,282 (2,660)
Citation 193

Abstract:

Loading...

prospect theory, mental accounting, disposition effect, momentum

2.
Downloads 5,111 ( 3,813)
Citation 2

Agnostic Fundamental Analysis Works

Journal of Financial Economics, Vol. 128 (1), April 2018, 125–147.
Number of pages: 56 Posted: 07 Oct 2015 Last Revised: 30 Aug 2021
Söhnke M. Bartram and Mark Grinblatt
University of Warwick and University of California, Los Angeles (UCLA) - Finance Area
Downloads 3,665 (6,520)
Citation 2

Abstract:

Loading...

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

Agnostic Fundamental Analysis Works

Journal of Financial Economics, Vol. 128 (1), April 2018, 125–147.
Number of pages: 56 Posted: 14 Aug 2014 Last Revised: 30 Aug 2021
Söhnke M. Bartram and Mark Grinblatt
University of Warwick and University of California, Los Angeles (UCLA) - Finance Area
Downloads 1,446 (28,261)

Abstract:

Loading...

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 3,972 (5,805)
Citation 86

Abstract:

Loading...

Intelligence, household finance, stock market participation

4.
Downloads 3,544 ( 7,005)

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 3,409 (7,335)

Abstract:

Loading...

Positive Portfolio Factors

NBER Working Paper No. w6412
Number of pages: 19 Posted: 20 Sep 2000 Last Revised: 09 Jan 2022
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 135 (452,651)

Abstract:

Loading...

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 3,140 (8,527)
Citation 99

Abstract:

Loading...

6.

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 2,606 (11,405)
Citation 14

Abstract:

Loading...

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

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 Dartmouth College - Tuck School of Business
Downloads 2,517 (12,069)
Citation 43

Abstract:

Loading...

Intelligence, household finance, trading performance

8.
Downloads 2,344 (13,536)
Citation 20

Global Market Inefficiencies

Journal of Financial Economics, Vol. 139 (1), January 2021, 234–259.
Number of pages: 69 Posted: 02 Aug 2017 Last Revised: 30 Aug 2021
Söhnke M. Bartram and Mark Grinblatt
University of Warwick and University of California, Los Angeles (UCLA) - Finance Area
Downloads 1,185 (37,808)
Citation 1

Abstract:

Loading...

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

Global Market Inefficiencies

Journal of Financial Economics, Vol. 139 (1), January 2021, 234–259.
Number of pages: 69 Posted: 20 Dec 2014 Last Revised: 30 Aug 2021
Söhnke M. Bartram and Mark Grinblatt
University of Warwick and University of California, Los Angeles (UCLA) - Finance Area
Downloads 675 (81,846)

Abstract:

Loading...

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

Global Market Inefficiencies

Journal of Financial Economics, Vol. 139 (1), January 2021, 234–259.
Number of pages: 69 Posted: 14 Jul 2017 Last Revised: 30 Aug 2021
Söhnke M. Bartram and Mark Grinblatt
University of Warwick and University of California, Los Angeles (UCLA) - Finance Area
Downloads 250 (259,327)

Abstract:

Loading...

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

Global Market Inefficiencies

Journal of Financial Economics, Vol. 139 (1), January 2021, 234–259.
Number of pages: 69 Posted: 01 Aug 2018 Last Revised: 30 Aug 2021
Söhnke M. Bartram and Mark Grinblatt
University of Warwick and University of California, Los Angeles (UCLA) - Finance Area
Downloads 231 (279,396)
Citation 1

Abstract:

Loading...

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 3 (1,360,010)
Citation 17
  • Add to Cart

Abstract:

Loading...

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

Journal of Financial Economics, Vol. 139 (1), January 2021, 234–259.
Posted: 09 Aug 2017 Last Revised: 30 Aug 2021
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:

Loading...

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

9.

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 2,169 (15,350)
Citation 23

Abstract:

Loading...

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 1,980 (17,430)
Citation 4

Abstract:

Loading...

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

Abstract:

Loading...

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
University of California, Los Angeles (UCLA) - Finance Area and Yale University, Yale SOMAQR Capital
Downloads 1,782 (20,937)
Citation 22

Abstract:

Loading...

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 1,482 (27,701)
Citation 24

Abstract:

Loading...

13.

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

Number of pages: 50 Posted: 25 Jan 2002
University of California, Los Angeles (UCLA) - Finance Area and Yale University, Yale SOMAQR Capital
Downloads 1,159 (39,715)

Abstract:

Loading...

14.

Agnostic Fundamental Analysis Works

Journal of Financial Economics, Vol. 128 (1), April 2018, 125–147.
Number of pages: 56 Posted: 30 Jun 2016 Last Revised: 30 Aug 2021
Söhnke M. Bartram and Mark Grinblatt
University of Warwick and University of California, Los Angeles (UCLA) - Finance Area
Downloads 1,151 (40,115)
Citation 49

Abstract:

Loading...

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

15.
Downloads 1,091 (43,423)
Citation 4

Analyst Bias and Mispricing

7th Miami Behavioral Finance Conference 2016
Number of pages: 53 Posted: 02 Sep 2015 Last Revised: 29 Mar 2023
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 1,066 (44,107)
Citation 3

Abstract:

Loading...

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

Analyst Bias and Mispricing

NBER Working Paper No. w31094
Number of pages: 53 Posted: 03 Apr 2023 Last Revised: 18 Jun 2023
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 25 (1,103,213)
Citation 1
  • Add to Cart

Abstract:

Loading...

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

Journal of Financial and Quantitative Analysis 2023, WBS Finance Group Research Paper
Number of pages: 82 Posted: 13 Oct 2020 Last Revised: 23 Dec 2023
Söhnke M. Bartram, Mark Grinblatt and Yoshio Nozawa
University of Warwick, University of California, Los Angeles (UCLA) - Finance Area and University of Toronto
Downloads 909 (55,104)

Abstract:

Loading...

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: 63 Posted: 10 Aug 2020 Last Revised: 26 Jul 2023
Söhnke M. Bartram, Mark Grinblatt and Yoshio Nozawa
University of Warwick, University of California, Los Angeles (UCLA) - Finance Area and University of Toronto
Downloads 46 (881,004)
Citation 9

Abstract:

Loading...

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

Journal of Financial and Quantitative Analysis 2023, WBS Finance Group Research Paper
Number of pages: 82 Posted: 11 Oct 2020 Last Revised: 23 Dec 2023
Söhnke M. Bartram, Mark Grinblatt and Yoshio Nozawa
University of Warwick, University of California, Los Angeles (UCLA) - Finance Area and University of Toronto
Downloads 36 (976,450)
Citation 9

Abstract:

Loading...

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

17.

The Disposition Effect and Momentum

NBER Working Paper No. w8734
Number of pages: 45 Posted: 24 Jan 2002 Last Revised: 15 May 2022
Bing Han and Mark Grinblatt
University of Toronto, Rotman School of Management and University of California, Los Angeles (UCLA) - Finance Area
Downloads 888 (57,763)
Citation 1

Abstract:

Loading...

18.

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 843 (62,101)
Citation 2

Abstract:

Loading...

Bayesian, Multi-period Investment, Nonlinear Estimation

19.
Downloads 648 (87,469)
Citation 10

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 552 (105,803)

Abstract:

Loading...

Tax-Loss Trading and Wash Sales

NBER Working Paper No. w8745
Number of pages: 38 Posted: 24 Jan 2002 Last Revised: 29 Nov 2022
Mark Grinblatt and Matti Keloharju
University of California, Los Angeles (UCLA) - Finance Area and Aalto University - School of Business
Downloads 96 (588,335)
Citation 10

Abstract:

Loading...

20.

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 UniversityAalto University - Department of Accounting and Finance, Aalto University - School of Business and Aalto University School of Business
Downloads 623 (91,989)
Citation 20

Abstract:

Loading...

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
University of California, Los Angeles (UCLA) - Finance Area, Aalto University - School of Business and Aalto UniversityAalto University - Department of Accounting and Finance
Downloads 351 (180,465)

Abstract:

Loading...

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

NBER Working Paper No. w10226
Number of pages: 42 Posted: 23 Jan 2004 Last Revised: 18 Apr 2022
University of California, Los Angeles (UCLA) - Finance Area, Aalto University - School of Business and Aalto UniversityAalto University - Department of Accounting and Finance
Downloads 77 (674,776)

Abstract:

Loading...

22.
Downloads 412 (152,338)
Citation 2

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 320 (199,503)
Citation 1

Abstract:

Loading...

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 2022
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 92 (604,939)
Citation 1

Abstract:

Loading...

Information Aggregation, Security Design, and Currency Swaps

Yale ICF Working Paper No. 00-73
Number of pages: 31 Posted: 04 Feb 2002
University of California, Los Angeles (UCLA) - Finance Area, UCLA Anderson and Washington University in St. Louis - Department of EconomicsEuropean University Institute - Robert Schuman Centre for Advanced Studies (RSCAS)
Downloads 324 (196,811)

Abstract:

Loading...

Information Aggregation, Security Design and Currency Swaps

NBER Working Paper No. w8746
Number of pages: 30 Posted: 11 Feb 2004 Last Revised: 29 Nov 2022
UCLA Anderson, University of California, Los Angeles (UCLA) - Finance Area and Washington University in St. Louis - Department of EconomicsEuropean University Institute - Robert Schuman Centre for Advanced Studies (RSCAS)
Downloads 55 (808,955)
Citation 2

Abstract:

Loading...

Information Aggregation, Security Design, and Currency Swaps

Posted: 20 Jun 2002
UCLA Anderson, University of California, Los Angeles (UCLA) - Finance Area and Washington University in St. Louis - Department of EconomicsEuropean University Institute - Robert Schuman Centre for Advanced Studies (RSCAS)

Abstract:

Loading...

24.

Sensation Seeking, Overconfidence, and Trading Activity

NBER Working Paper No. w12223
Number of pages: 33 Posted: 25 May 2006 Last Revised: 26 Dec 2022
Mark Grinblatt and Matti Keloharju
University of California, Los Angeles (UCLA) - Finance Area and Aalto University - School of Business
Downloads 322 (199,779)
Citation 37

Abstract:

Loading...

25.

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

Number of pages: 33 Posted: 17 Mar 2008
University of California, Los Angeles (UCLA) - Finance Area, Aalto UniversityAalto University - Department of Accounting and Finance and Aalto University - School of Business
Downloads 289 (224,281)
Citation 4

Abstract:

Loading...

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

Number of pages: 53 Posted: 22 Jun 2007
University of California, Los Angeles (UCLA) - Finance Area, Aalto University - School of Business and Aalto UniversityAalto University - Department of Accounting and Finance
Downloads 205 (313,612)
Citation 46

Abstract:

Loading...

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
University of California, Los Angeles (UCLA) - Finance Area, Aalto University - School of Business and Aalto UniversityAalto University - Department of Accounting and Finance

Abstract:

Loading...

Social influennce, consumption, network effects, automobiles

27.

Monetary Policy Predicts Currency Movements

Number of pages: 38 Posted: 14 Jan 2025 Last Revised: 15 Apr 2025
Söhnke M. Bartram, Mark Grinblatt and Yan Xu
University of Warwick, University of California, Los Angeles (UCLA) - Finance Area and HKU, Faculty of Business and Economics
Downloads 170 (373,063)

Abstract:

Loading...

28.

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: 29 Nov 2022
University of California, Los Angeles (UCLA) - Finance Area and Yale University, Yale SOMAQR Capital
Downloads 157 (399,474)

Abstract:

Loading...

29.

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 68 (711,928)
Citation 3

Abstract:

Loading...

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

30.

Monetary Policy Predicts Currency Movements

NBER Working Paper No. w33423
Number of pages: 38 Posted: 04 Feb 2025
Söhnke M. Bartram, Mark Grinblatt and Yan Xu
University of Warwick, University of California, Los Angeles (UCLA) - Finance Area and HKU, Faculty of Business and Economics
Downloads 4 (1,298,016)
  • Add to Cart

Abstract:

Loading...

31.

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 ESCP Business School

Abstract:

Loading...

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

32.

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

Abstract:

Loading...

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

33.

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

Abstract:

Loading...

Investor Behavior; Momentum; Performance; International Stock Returns

34.

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:

Loading...

35.

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:

Loading...

36.

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:

Loading...