Azi Ben-Rephael

Rutgers Business School - Rutgers University

http://https://sites.google.com/site/abenreph

  • Rutgers Business School - Rutgers University

SCHOLARLY PAPERS

20

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13,434

TOTAL CITATIONS
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SSRN RANKINGS

Top 4,025

in Total Papers Citations

299

Scholarly Papers (20)

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1.

Measuring Investor Sentiment with Mutual Fund Flows

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 59 Posted: 14 Sep 2008 Last Revised: 21 Sep 2011
Azi Ben-Rephael, Shmuel Kandel (deceased) and Avi Wohl
Rutgers Business School - Rutgers University, affiliation not provided to SSRN (deceased) and Tel Aviv University - Coller School of Management
Downloads 1,935 (18,159)
Citation 11

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mutual funds, flows, investor sentiment, return predictability, stocks

2.

The Diminishing Liquidity Premium

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 60 Posted: 19 Mar 2008 Last Revised: 02 Aug 2013
Azi Ben-Rephael, Ohad Kadan and Avi Wohl
Rutgers Business School - Rutgers University, Washington University in St. Louis - John M. Olin Business School and Tel Aviv University - Coller School of Management
Downloads 1,512 (26,503)
Citation 42

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liquidity, illiquidity, liquidity premium, stock returns

3.

It Depends on Where You Search: Institutional Investor Attention and Under-Reaction to News

Kelley School of Business Research Paper No. 15-82
Number of pages: 56 Posted: 18 Nov 2015 Last Revised: 22 Nov 2016
Azi Ben-Rephael, Zhi Da and Ryan D. Israelsen
Rutgers Business School - Rutgers University, University of Notre Dame - Mendoza College of Business and Michigan State University - Department of Finance
Downloads 1,200 (37,221)
Citation 135

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attention, institutional investors, retail investors, earnings announcements, analyst recommendations, news, Bloomberg

4.

How Do Short Sellers Interact with Other Professional Investors? Evidence from the Daily Trades of Active Fund Managers

Rock Center for Corporate Governance at Stanford University Working Paper No. 195, Finance Down Under 2016 Building on the Best from the Cellars of Finance, Stanford University Graduate School of Business Research Paper No. 14-35
Number of pages: 70 Posted: 17 Sep 2014 Last Revised: 30 Sep 2020
Salman Arif, Azi Ben-Rephael and Charles M.C. Lee
University of Minnesota - Twin Cities - Carlson School of Management, Rutgers Business School - Rutgers University and Foster School of Business, University of Washington
Downloads 1,066 (44,239)
Citation 5

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Price discovery, mutual funds, short-sellers, price pressure, liquidity provision, market efficiency

5.

Who Pays Attention to SEC Form 8-K?

Kelley School of Business Research Paper No. 17-24
Number of pages: 56 Posted: 29 Mar 2017 Last Revised: 15 Sep 2017
Azi Ben-Rephael, Zhi Da, Peter D. Easton and Ryan D. Israelsen
Rutgers Business School - Rutgers University, University of Notre Dame - Mendoza College of Business, University of Notre Dame - Department of Accountancy and Michigan State University - Department of Finance
Downloads 879 (57,796)

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SEC 8-K filings, Investor Attention, Price discovery, Price pressure

6.

“Show Me!” The Informativeness of Images

Number of pages: 96 Posted: 08 Nov 2021 Last Revised: 12 Feb 2025
Azi Ben-Rephael, Joshua Ronen, Tavy Ronen and Mi Zhou
Rutgers Business School - Rutgers University, New York University (NYU) - Department of Accounting, Rutgers Business School -Newark and New Brunswick, Department of Finance & Economics and Virginia Commonwealth University
Downloads 821 (63,456)
Citation 2

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Visual informativeness, annual reports, images, image information content, information dissemination, content reinforcement, analyst forecast accuracy, analyst dispersion

7.

Do Firms Buy Their Stock at Bargain Prices? Evidence from Actual Stock Repurchase Disclosures

Forthcoming in Review of Finance
Number of pages: 59 Posted: 15 Jan 2011 Last Revised: 05 Jun 2013
Azi Ben-Rephael, Jacob Oded and Avi Wohl
Rutgers Business School - Rutgers University, Tel Aviv University - Coller School of Management and Tel Aviv University - Coller School of Management
Downloads 657 (84,779)
Citation 22

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Stock Repurchases, Stock Buybacks, Payout Policy, Timing, Bid-Ask Spread, Liquidity, Insider Trading

8.

Information Consumption and Asset Pricing

Downloads 639 (87,853)
Citation 33

Information Consumption and Asset Pricing

Number of pages: 43 Posted: 14 Jul 2017 Last Revised: 09 Feb 2019
Azi Ben-Rephael, Bruce I. Carlin, Zhi Da and Ryan D. Israelsen
Rutgers Business School - Rutgers University, University of California, Los Angeles (UCLA) - Anderson School of Management, University of Notre Dame - Mendoza College of Business and Michigan State University - Department of Finance
Downloads 537 (108,041)
Citation 33

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Information, Asset Prices, Risk Premia

Demand for Information and Asset Pricing

NBER Working Paper No. w23274
Number of pages: 41 Posted: 27 Mar 2017 Last Revised: 04 Feb 2023
Azi Ben-Rephael, Bruce I. Carlin, Zhi Da and Ryan D. Israelsen
Rutgers Business School - Rutgers University, University of California, Los Angeles (UCLA) - Anderson School of Management, University of Notre Dame - Mendoza College of Business and Michigan State University - Department of Finance
Downloads 102 (554,705)

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9.

Do I Really Want to Hear The News? Public Information Arrival and Ambiguity

Number of pages: 78 Posted: 14 Jul 2020 Last Revised: 25 Feb 2025
Azi Ben-Rephael, J. Anthony Cookson and Yehuda (Yud) Izhakian
Rutgers Business School - Rutgers University, University of Colorado at Boulder - Leeds School of Business and City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance
Downloads 594 (96,391)

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Disagreement, Trading, Knightian Uncertainty, Ambiguity, News, Investor Attention

10.

Mind the Gap: The Non-Fundamental Role of Earnings Days

Number of pages: 108 Posted: 28 Nov 2021 Last Revised: 20 Dec 2024
Azi Ben-Rephael, Steffen Hitzemann and Yuanyuan Xiao
Rutgers Business School - Rutgers University, University of Houston - Department of Finance and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick
Downloads 554 (105,240)

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investor beliefs, earnings announcements, misreaction, analyst expectations, mispricing, anomalies

11.

Flight-to-Liquidity, Market Uncertainty, and the Actions of Mutual Fund Investors

Number of pages: 47 Posted: 16 Jul 2012 Last Revised: 17 May 2017
Azi Ben-Rephael
Rutgers Business School - Rutgers University
Downloads 540 (108,684)
Citation 14

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market uncertainty, financial crisis, liquidity, flight-to-liquidity, mutual funds, institutional investors, price pressure

12.

The Price Pressure of Aggregate Mutual Fund Flows

Number of pages: 38 Posted: 05 Nov 2008 Last Revised: 07 Aug 2009
Azi Ben-Rephael, Shmuel Kandel (deceased) and Avi Wohl
Rutgers Business School - Rutgers University, affiliation not provided to SSRN (deceased) and Tel Aviv University - Coller School of Management
Downloads 514 (115,503)
Citation 16

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mutual funds, flows, returns, price pressure, price impact

13.

Mutual Fund Flows and Fluctuations in Credit and Business Cycles

Number of pages: 74 Posted: 17 Aug 2016 Last Revised: 14 Oct 2019
Azi Ben-Rephael, Jaewon Choi and Itay Goldstein
Rutgers Business School - Rutgers University, Seoul National University - Department of Economics and University of Pennsylvania - The Wharton School - Finance Department
Downloads 513 (115,792)
Citation 4

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Credit Cycle, Business Cycle, Mutual Fund Flows, High-Yield Bonds, Investor Demand, Leading Indicator

14.

All in a Day’s Work: What Do We Learn From Analysts’ Bloomberg Usage?

Number of pages: 51 Posted: 09 May 2022 Last Revised: 12 Sep 2022
Azi Ben-Rephael, Bruce Carlin, Zhi Da and Ryan D. Israelsen
Rutgers Business School - Rutgers University, Rice University, University of Notre Dame - Mendoza College of Business and Michigan State University - Department of Finance
Downloads 460 (131,975)
Citation 1

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Analysts, Effort Provision, Forecast Accuracy, Work From Home

15.

Should I Stay or Should I Go? Trading Behavior Under Ambiguity

Number of pages: 81 Posted: 17 Jun 2020
Azi Ben-Rephael and Yehuda (Yud) Izhakian
Rutgers Business School - Rutgers University and City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance
Downloads 431 (142,694)
Citation 2

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Knightian uncertainty, Ambiguity measure, Ambiguity aversion, Limited participation, Portfolio inertia, Information inertia, Liquidity, Expected utility with uncertain probabilities

16.

Flows to International Mutual Funds: Old Money vs. New Money

Baruch College Zicklin School of Business Research Paper No. 2020-01-01
Number of pages: 87 Posted: 23 Dec 2019 Last Revised: 29 Dec 2023
Azi Ben-Rephael, Xi Dong, Massimo Massa and Changyun Zhou
Rutgers Business School - Rutgers University, City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance, INSEAD - Finance and Southwestern University of Finance and Economics (SWUFE)
Downloads 425 (144,883)

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liberalism, paternalism, households, retail investors, market participation, international markets, foreign investors, fund flows, asset allocation, news, news tone

17.

Trading, Ambiguity and Information in the Options Market

Number of pages: 78 Posted: 09 Aug 2022
Azi Ben-Rephael, J. Anthony Cookson and Yehuda (Yud) Izhakian
Rutgers Business School - Rutgers University, University of Colorado at Boulder - Leeds School of Business and City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance
Downloads 398 (156,238)

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Knightian uncertainty, Options trading, Ambiguity measure, Limited participation, Portfolio inertia, Information inertia, Expected utility with uncertain probabilities.

18.

Are Some Clients More Equal than Others? An Analysis of Asset Management Companies’ Execution Costs

Number of pages: 50 Posted: 01 Oct 2013 Last Revised: 31 Aug 2017
Azi Ben-Rephael and Ryan D. Israelsen
Rutgers Business School - Rutgers University and Michigan State University - Department of Finance
Downloads 217 (293,895)
Citation 9

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conflicts of interest, pension plans, delegated portfolio management, strategic performance allocation, price allocation, favoritism, subsidization

19.

Uncovering the Hidden Effort Problem

NBER Working Paper No. w28441
Number of pages: 52 Posted: 08 Feb 2021 Last Revised: 19 Mar 2023
Azi Ben-Rephael, Bruce Carlin, Zhi Da and Ryan D. Israelsen
Rutgers Business School - Rutgers University, Rice University, University of Notre Dame - Mendoza College of Business and Michigan State University - Department of Finance
Downloads 69 (698,428)
Citation 3

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20.

Security Analysis and the Collection of Hard and Soft Information

NBER Working Paper No. w31936
Number of pages: 64 Posted: 12 Dec 2023
Azi Ben-Rephael, Bruce Carlin, Zhi Da and Ryan D. Israelsen
Rutgers Business School - Rutgers University, Rice University, University of Notre Dame - Mendoza College of Business and Michigan State University - Department of Finance
Downloads 10 (1,228,381)
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