Andy Fodor

Ohio University

Associate Professor

514 Copeland Hall

Athens, OH 45701

United States

SCHOLARLY PAPERS

34

DOWNLOADS
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Top 1,879

in Total Papers Downloads

16,588

CITATIONS
Rank 14,560

SSRN RANKINGS

Top 14,560

in Total Papers Citations

35

Scholarly Papers (34)

1.

Is There Money to Be Made Investing in Options? A Historical Perspective

Number of pages: 35 Posted: 04 Jan 2006 Last Revised: 16 Jul 2008
James Doran and Andy Fodor
University of New South Wales and Ohio University
Downloads 3,493 (2,740)

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Portfolio Returns, Option Strategies, Option Pricing, Sharpe Ratios, S&P 500

2.

The BP Oil Disaster: Stock and Option Market Reactions

Number of pages: 33 Posted: 30 Jun 2010 Last Revised: 26 Dec 2010
Andy Fodor and John D. Stowe
Ohio University and Ohio University
Downloads 3,472 (2,763)
Citation 2

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BP, Oil Spill, Market Behavior, Implied Volatility, Expected Dividend, CDS, Bond Spread

3.

Call-Put Implied Volatility Spreads and Option Returns

Review of Asset Pricing Studies, 2013(3): 258-290
Number of pages: 49 Posted: 15 Jul 2010 Last Revised: 14 Jan 2014
James Doran, Andy Fodor and Danling Jiang
University of New South Wales, Ohio University and College of Business, Stony Brook University
Downloads 1,077 (19,074)
Citation 6

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Implied Volatility Spread, Stock Returns, Option Returns, Option Demand

4.

How Do Informed Option Traders Trade? Option Trading Activity, News Releases, and Stock Return Predictability

11th Annual Mid-Atlantic Research Conference in Finance (MARC), 28th Annual Conference on Financial Economics and Accounting
Number of pages: 56 Posted: 02 Jan 2015 Last Revised: 08 Feb 2019
University of Notre Dame, Ohio University, Boston College - Department of Finance and Syracuse University
Downloads 966 (22,396)
Citation 3

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Option Trading, News Releases, Informed Traders

5.

Do Hedge Funds Arbitrage Market Anomalies?

Number of pages: 41 Posted: 09 Jan 2008 Last Revised: 26 Oct 2009
Andy Fodor, Dan Lawson and David R. Peterson
Ohio University, Gonzaga University and Florida State University - Department of Finance
Downloads 962 (22,513)
Citation 1

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hedge funds, market anomalies, arbitrage, asset growth, earnings momentum

Do Option Open-Interest Changes Foreshadow Future Equity Returns?

Number of pages: 29 Posted: 04 Jul 2010 Last Revised: 15 Jul 2010
Andy Fodor, Kevin Krieger and James Doran
Ohio University, and University of New South Wales
Downloads 716 (33,594)
Citation 1

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Do Option Open-Interest Changes Foreshadow Future Equity Returns?

Financial Markets and Portfolio Management, Vol. 25, No. 3, pp. 265-280, 2011
Posted: 29 Aug 2011
Andy Fodor, Kevin Krieger and James Doran
Ohio University, and University of New South Wales

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options, open interest, market efficiency, investor sentiment

7.

The Information Content of Implied Skewness and Kurtosis Changes Prior to Earnings Announcements for Stock and Option Returns

Number of pages: 36 Posted: 02 Dec 2008
Seattle University, University of New South Wales, Ohio University and Florida State University - Department of Finance
Downloads 710 (34,483)
Citation 15

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Earnings announcements, Option Prices, Higher-Order Moments

8.

Firm Specific Option Risk and Implications for Asset Pricing

Journal of Risk Vol 12, No.1, pp.17-52, Fall 2009
Number of pages: 37 Posted: 29 Sep 2007 Last Revised: 03 Aug 2010
James Doran and Andy Fodor
University of New South Wales and Ohio University
Downloads 546 (48,828)
Citation 1

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Option Prices, Idiosyncratic Volatility Risk, Portfolio Returns

9.

Predicting Extreme Returns and Portfolio Management Implications

Number of pages: 29 Posted: 20 Jan 2011 Last Revised: 15 May 2012
, University of Tulsa, Ohio University and University of Missouri - Kansas City
Downloads 467 (59,480)
Citation 1

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predicting extreme returns

10.

Does Corporate Governance Matter for Equity Returns?

Number of pages: 33 Posted: 02 Feb 2010 Last Revised: 25 Dec 2013
Dean Diavatopoulos and Andy Fodor
Seattle University and Ohio University
Downloads 391 (73,691)
Citation 1

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corporate governance, stock returns, Nasdaq bubble

Option Implied Dividends Predict Dividend Cuts: Evidence from the Financial Crisis

Forthcoming, Journal of Business Finance & Accounting
Number of pages: 36 Posted: 19 Jan 2012 Last Revised: 12 Apr 2017
Andy Fodor, David L. Stowe and John D. Stowe
Ohio University, Ohio University and Ohio University
Downloads 348 (83,738)

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dividend cuts and omissions, financial crisis, implied dividends, implied volatility, put–call parity

Option Implied Dividends Predict Dividend Cuts: Evidence from the Financial Crisis

Journal of Business Finance & Accounting, Vol. 44, Issue 5-6, pp. 755-779, 2017
Number of pages: 25 Posted: 05 May 2017
Andy Fodor, David L. Stowe and John D. Stowe
Ohio University, Ohio University and Ohio University
Downloads 1 (674,418)
Citation 1
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dividend cuts and omissions, financial crisis, implied dividends, implied volatility, put–call parity

12.
Downloads 340 ( 86,668)
Citation 1

On the Demand for Portfolio Insurance

Number of pages: 41 Posted: 09 Jul 2010 Last Revised: 08 Oct 2012
Ohio University, University of New South Wales, University of Georgia and Ohio University - School of Accountancy
Downloads 339 (86,335)

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Portfolio Insurance, Hedging, Volatility, VIX

On the Demand for Portfolio Insurance

Risk Management and Insurance Review, Vol. 16, Issue 2, pp. 167-193, 2013
Number of pages: 27 Posted: 16 Nov 2013
Ohio University, University of New South Wales, University of Georgia and Ohio University - School of Accountancy
Downloads 1 (674,418)
Citation 1
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13.

The Value and Use of the IRA Recharacterization Option

Financial Analysts Journal, Vol. 69, No. 5, 2013
Number of pages: 45 Posted: 13 Jan 2011 Last Revised: 31 Aug 2016
David L. Stowe, Andy Fodor and John D. Stowe
Ohio University, Ohio University and Ohio University
Downloads 328 (90,207)
Citation 1

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Recharacterization option, IRA, Roth conversion, Asset allocation, Option Pricing, Retirement Planning

14.
Downloads 289 (103,535)
Citation 3

Option Market Efficiency and Analyst Recommendations

Number of pages: 27 Posted: 11 Sep 2008
James Doran, Andy Fodor and Kevin Krieger
University of New South Wales, Ohio University and
Downloads 288 (103,377)
Citation 3

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Analyst Recommendations, Market Efficiency, Option Returns

Option Market Efficiency and Analyst Recommendations

Journal of Business Finance & Accounting, Vol. 37, Issue 5-6, pp. 560-590, June/July 2010
Number of pages: 31 Posted: 13 Jul 2010
James Doran, Andy Fodor and Kevin Krieger
University of New South Wales, Ohio University and
Downloads 1 (674,418)
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15.

Option Trading after the Opening Bell and Intraday Stock Return Predictability

Number of pages: 69 Posted: 05 Jan 2018 Last Revised: 02 May 2019
Ohio University, Ohio University, Virginia Tech and Ohio University
Downloads 268 (112,616)

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Intraday trading; options; volume; stock return predictability; transaction costs; earnings news

16.

Anchoring and Probability Weighting in Option Prices

Journal of Futures Markets 37(6), 614-638.
Number of pages: 36 Posted: 09 Feb 2015 Last Revised: 16 Jul 2017
Utah State University, Seattle University, Ohio University and
Downloads 228 (132,232)

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Prospect theory, Mental accounting, Option prices

17.

Insiders versus Outsiders with Employee Stock Options: Who Knows Best About Future Firm Risk and Implications for Stock Returns

Number of pages: 26 Posted: 19 Feb 2007
James Doran, Andy Fodor and David R. Peterson
University of New South Wales, Ohio University and Florida State University - Department of Finance
Downloads 197 (151,889)
Citation 2

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Employee Stock Options, Black-Scholes, Volatility, Firm Risk

Financial Market Reactions to a Company Disaster: The BP Case

Journal of Applied Finance (Formerly Financial Practice and Education), Vol. 22, No. 1, 2012
Number of pages: 16 Posted: 17 Nov 2015
Andy Fodor and John D. Stowe
Ohio University and Ohio University
Downloads 194 (154,017)
Citation 1

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Financial Market Reactions to a Company Disaster: The BP Case

Journal of Applied Finance, Spring/Summer 2012, Volume 22, Issue 1, pp. 88-103
Posted: 29 Jul 2012
Andy Fodor and John D. Stowe
Ohio University and Ohio University

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BP, Gulf of Mexico, financial market, disaster, shares, volatility

19.

Informational Differences in NFL Point Spread and Moneyline Markets

Number of pages: 16 Posted: 29 Apr 2012
Ohio University, , Ohio University - School of Accountancy and Ohio University
Downloads 189 (157,781)
Citation 1

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Market Efficiency, NFL, Sports Betting, Information Incorporation, Information Flow, Point Spread, Moneyline

20.

Financial Clusters, Industry Groups, and Stock Return Correlations

Number of pages: 43 Posted: 15 Jun 2017
Ohio University, Creighton University and Ohio University
Downloads 177 (167,431)

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Stock groups; Industries; Stock return correlations; Common size statements; Cluster analysis; Benchmarks; Financial statement analysis

21.

REIT Volatility and the Introduction of Listed Equity Options

Number of pages: 24 Posted: 09 Jan 2009 Last Revised: 20 Jan 2009
Seattle University, Ohio University, Villanova University - Department of Finance and Villanova University - School of Business
Downloads 163 (179,863)

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REIT, Volatility, Implied Volatility, Idiosyncratic Volatility

22.

A Closer Look at the Disposition Effect in U.S. Equity Option Markets

Journal of Behavioral Finance, Forthcoming
Number of pages: 31 Posted: 21 Jun 2016 Last Revised: 29 Apr 2019
Kelley Bergsma, Andy Fodor and Emily Tedford
Ohio University, Ohio University and 84.51?
Downloads 143 (200,540)

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Disposition effect, options, behavioral finance, reference price.

23.

Early Season NFL Over/Under Bias

Number of pages: 15 Posted: 29 Apr 2012
Ohio University, University of West Florida, Ohio University and
Downloads 133 (212,519)

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Over/Under, Totals, NFL, Sports Betting, Behavioral, Holdover Bias, Market Efficiency

24.

Does Jet Lag Create a Profitable Opportunity for NFL Bettors?

Number of pages: 21 Posted: 28 Apr 2013
Andy Fodor and Kevin Krieger
Ohio University and
Downloads 120 (229,993)

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NFL, Sports wagering, Jet-lag effect, Gambling market inefficiency

25.

Option Implied Volatilities and the Cost of Issuing Equity

Journal of Banking and Finance, Forthcoming
Number of pages: 49 Posted: 18 Apr 2013 Last Revised: 19 Jun 2014
Andy Fodor and Sinan Gokkaya
Ohio University and Department of Finance, Ohio University
Downloads 114 (238,806)

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Seasoned Equity Offerings, Flotation Costs, Underwriting Fees, Implied Volatility, Equity Options

26.

The Interactive Effect of Turnover and Task Interdependence on Performance in High Performance Strategic Work Teams: Evidence in the NFL

Number of pages: 34 Posted: 21 Apr 2013
University of West Florida, Ohio University, Ohio University and Ohio University - College of Business
Downloads 107 (249,769)

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Turnover, Task Interdependence, Human Resource Management, Sport

27.

The Sensitivity of Findings of Expected Bookmaker Profitability

Number of pages: 33 Posted: 14 Apr 2011
Kevin Krieger, Andy Fodor and Greg Stevenson
, Ohio University and University of Tulsa
Downloads 80 (300,982)

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Sports Linemaking, Market Efficiency, Bookmaking, Gambling

28.

In the Eyes of the Beholder: The Rationality of Status Anxiety-Based Decision-Making

Number of pages: 55 Posted: 28 Apr 2012
Justin L. Davis, Andy Fodor and James Doran
University of West Florida, Ohio University and University of New South Wales
Downloads 77 (307,895)

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Status Anxiety, Investor Fear, Market Volatility, Agency Theory, Implied Volatility, SEC, Fraud, Accounting Fraud, Financial Fraud, Corporate Deviance, Enron, Arthur Andersen, Audit Quality, Auditor Quality

29.
Downloads 69 (327,428)

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Sports gambling, line movement, price changes and information

30.

The Impact of Option Introduction on Real Estate Investment Trusts

Number of pages: 29 Posted: 24 Jan 2011
Seattle University, Ohio University, Villanova University - Department of Finance and Villanova University - School of Business
Downloads 60 (351,856)
Citation 1

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REIT, Options, Returns, Volatility

31.

Do REIT Repurchases Signal Value Changes in Rivals? An Analysis of the Stock Price Reaction of Non-Repurchasing REITs

Number of pages: 24 Posted: 08 Jan 2009 Last Revised: 20 Jan 2009
Seattle University, Ohio University, Villanova University - Department of Finance and Villanova University - School of Business
Downloads 60 (351,856)

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REIT, Open Market Repurchase, Information Asymmetry

32.

The Power of Wagering on Power Conferences

Number of pages: 17 Posted: 05 Mar 2013
, Ohio University, Ohio University and Ohio University - School of Accountancy
Downloads 53 (373,230)

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Sports Wagering, Efficient Markets, College Football, Point Spreads, NCAA, Bookmakers

33.

The Brazilian Banking Sector and the Effects of Bank Privatization: 1980-2012

Number of pages: 77 Posted: 28 Dec 2014
Leigh Oczkowski and Andy Fodor
Ohio University and Ohio University
Downloads 50 (383,019)

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Banking; Privatization; Brazilian, Inflation

34.

Implied Volatility Changes as Evidence of Stock Price Disequilibrium

Journal of Investing, Forthcoming, https://doi.org/10.3905/joi.2017.26.3.129
Posted: 21 May 2019
Dean Diavatopoulos and Andy Fodor
Seattle University and Ohio University

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option volume, implied volatility, short-term momentum, stock returns, disequilibrium