Asaf Manela

Washington University in St. Louis - John M. Olin Business School

Assistant Professor of Finance

One Brookings Drive

Campus Box 1133

St. Louis, MO 63130-4899

United States

http://apps.olin.wustl.edu/faculty/manela

SCHOLARLY PAPERS

15

DOWNLOADS
Rank 6,830

SSRN RANKINGS

Top 6,830

in Total Papers Downloads

9,221

SSRN CITATIONS
Rank 3,222

SSRN RANKINGS

Top 3,222

in Total Papers Citations

285

CROSSREF CITATIONS

128

Scholarly Papers (15)

1.
Downloads 3,634 ( 4,228)
Citation 11

Business News and Business Cycles

Number of pages: 65 Posted: 07 Sep 2019 Last Revised: 23 Sep 2021
Yale School of Management, Yale SOM, Washington University in St. Louis - John M. Olin Business School and University of Chicago - Booth School of Business
Downloads 3,605 (4,214)
Citation 3

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Textual analysis, macroeconomic news, attention, Wall Street Journal, volatility, VAR, machine learning

The Structure of Economic News

NBER Working Paper No. w26648
Number of pages: 55 Posted: 22 Jan 2020 Last Revised: 18 Nov 2021
Yale School of Management, Yale SOM, Washington University in St. Louis - John M. Olin Business School and University of Chicago - Booth School of Business
Downloads 22 (707,092)
Citation 5
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Business News and Business Cycles

NBER Working Paper No. w29344
Number of pages: 66 Posted: 11 Oct 2021 Last Revised: 18 Nov 2021
Yale School of Management, Yale SOM, Washington University in St. Louis - John M. Olin Business School and University of Chicago - Booth School of Business
Downloads 7 (850,941)
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2.
Downloads 1,098 ( 28,177)
Citation 2

Text Selection

Number of pages: 57 Posted: 10 Dec 2019
Bryan T. Kelly, Asaf Manela and Alan Moreira
Yale SOM, Washington University in St. Louis - John M. Olin Business School and University of Rochester - Simon Business School
Downloads 1,069 (28,817)
Citation 2

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Text analysis, machine learning, selection model, high dimension forecast, multinomial regression, hurdle, zero inflation, partisanship, intermediary capital

Text Selection

NBER Working Paper No. w26517
Number of pages: 58 Posted: 03 Dec 2019 Last Revised: 16 Jun 2022
Bryan T. Kelly, Asaf Manela and Alan Moreira
Yale SOM, Washington University in St. Louis - John M. Olin Business School and University of Rochester - Simon Business School
Downloads 29 (652,746)

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3.

Does Finance Benefit Society? A Language Embedding Approach

Number of pages: 49 Posted: 03 Aug 2020 Last Revised: 28 Jun 2022
Manish Jha, Hongyi Liu and Asaf Manela
Georgia State University - Department of Finance, Washington University in St. Louis - Department of Economics and Washington University in St. Louis - John M. Olin Business School
Downloads 694 (52,945)
Citation 3

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sentiment, text analysis, word embedding, BERT, transfer learning, financial crises

4.

News Implied Volatility and Disaster Concerns

Journal of Financial Economics (JFE), Vol. 123, No. 1, 2017
Number of pages: 63 Posted: 21 Jan 2014 Last Revised: 10 Jan 2017
Asaf Manela and Alan Moreira
Washington University in St. Louis - John M. Olin Business School and University of Rochester - Simon Business School
Downloads 677 (54,684)
Citation 59

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Text-based analysis, implied volatility, rare disasters, equity premium, return predictability, machine learning

5.

The Shadow Cost of Bank Capital Requirements

Review of Financial Studies, Forthcoming
Number of pages: 53 Posted: 19 Jun 2013 Last Revised: 24 Feb 2016
Roni Kisin and Asaf Manela
Analysis Group and Washington University in St. Louis - John M. Olin Business School
Downloads 597 (64,177)
Citation 24

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Financial intermediation, Bank capital requirements, Cost of capital regulation, Leverage, Regulatory Arbitrage, Loophole

6.

An Empirical Evaluation of the Black-Litterman Approach to Portfolio Choice

Number of pages: 37 Posted: 12 Mar 2011 Last Revised: 26 Oct 2012
Michael Gofman and Asaf Manela
Hebrew University of Jerusalem - Jerusalem School of Business Administration and Washington University in St. Louis - John M. Olin Business School
Downloads 414 (100,006)
Citation 1

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Bayesian portfolio choice, learning from prices, Black-Litterman

7.

The Partisanship of Financial Regulators

Number of pages: 49 Posted: 14 Nov 2019 Last Revised: 29 Dec 2021
University of California, San Diego (UCSD) - Rady School of Management, University of Mississippi - School of Business Administration, Washington University in St. Louis - John M. Olin Business School and University of South Florida
Downloads 372 (113,006)

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Partisanship, Financial Regulation, Textual Analysis

8.

Hub-and-Spoke Regulation and Bank Leverage

Number of pages: 51 Posted: 25 Oct 2017
Indiana University - Kelley School of Business - Department of Accounting, Indiana University - Kelley School of Business - Department of FinanceWashington University in Saint Louis, John M. Olin Business School and Washington University in St. Louis - John M. Olin Business School
Downloads 316 (134,853)
Citation 16

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hub-and-spoke, financial regulation, bank supervision, field offices, distance, proximity, regulatory capture

9.

Natural Disaster Effects on Popular Sentiment toward Finance

Journal of Financial and Quantitative Analysis (JFQA), Volume 56 - Issue 7 - November 2021
Number of pages: 35 Posted: 04 May 2021 Last Revised: 01 Dec 2021
Manish Jha, Hongyi Liu and Asaf Manela
Georgia State University - Department of Finance, Washington University in St. Louis - Department of Economics and Washington University in St. Louis - John M. Olin Business School
Downloads 313 (136,219)
Citation 1

Abstract:

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sentiment, natural disasters, text analysis, word embedding, COVID-19

10.

Funding and Incentives of Regulators: Evidence from Banking

Number of pages: 62 Posted: 20 Nov 2014 Last Revised: 28 Nov 2018
Roni Kisin and Asaf Manela
Analysis Group and Washington University in St. Louis - John M. Olin Business School
Downloads 279 (153,441)
Citation 3

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Regulation, User fees, Funding Regulation, Financial Regulation

11.

Liquidity and the Strategic Value of Information

Number of pages: 53 Posted: 09 Jul 2020 Last Revised: 07 Dec 2021
Ohad Kadan and Asaf Manela
Washington University in St. Louis - John M. Olin Business School and Washington University in St. Louis - John M. Olin Business School
Downloads 234 (182,484)

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value of information, liquidity, strategic trading, Covid-19

12.

The Value of Diffusing Information

Journal of Financial Economics (JFE), Vol. 111, No. 1, 2014
Number of pages: 43 Posted: 18 Nov 2008 Last Revised: 21 Jan 2014
Asaf Manela
Washington University in St. Louis - John M. Olin Business School
Downloads 183 (228,518)
Citation 9

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Value of information, Information diffusion, Percolation, Media coverage, Drug approvals

13.

Estimating the Value of Information

Number of pages: 83 Posted: 04 Jun 2016 Last Revised: 09 Jul 2020
Ohad Kadan and Asaf Manela
Washington University in St. Louis - John M. Olin Business School and Washington University in St. Louis - John M. Olin Business School
Downloads 161 (254,795)
Citation 11

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value of information, informativeness, options prices, recovery

14.
Downloads 137 (289,793)
Citation 23

Information Acquisition in Rumor-Based Bank Runs

Journal of Finance, Forthcoming
Number of pages: 55 Posted: 02 Sep 2011 Last Revised: 21 Jan 2014
Zhiguo He and Asaf Manela
University of Chicago - Finance and Washington University in St. Louis - John M. Olin Business School
Downloads 133 (297,567)
Citation 1

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Bank runs, learning, information acquisition, belief heterogeneity, asynchronous awareness, temporal coordination, stress tests

Information Acquisition in Rumor Based Bank Runs

NBER Working Paper No. w18513
Number of pages: 55 Posted: 03 Nov 2012 Last Revised: 03 Aug 2022
Zhiguo He and Asaf Manela
University of Chicago - Finance and Washington University in St. Louis - John M. Olin Business School
Downloads 4 (885,318)
Citation 10

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15.

Intermediary Asset Pricing: New Evidence from Many Asset Classes

NBER Working Paper No. w21920
Number of pages: 69 Posted: 25 Jan 2016 Last Revised: 25 May 2022
Zhiguo He, Bryan T. Kelly and Asaf Manela
University of Chicago - Finance, Yale SOM and Washington University in St. Louis - John M. Olin Business School
Downloads 112 (335,708)
Citation 146

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