# positions[].organizations[].parent[].label
Texas A&M Engineering Experiment Station (TEES)

# overview
My research interests focus on short sales and informational content of securitry prices, asset management, market efficiency, and macro finance.

# hrJobTitle
Professor and Director of the Adam C. Sinn ?00 Center for Investment Management

# keywords[]
35 Commerce, Management, Tourism And Services

# keywords[]
3501 Accounting, Auditing And Accountability

# keywords[]
35 Commerce, Management, Tourism And Services

# keywords[]
35 Commerce, Management, Tourism And Services

# keywords[]
35 Commerce, Management, Tourism And Services

# keywords[]
Cross-section Of Stock Returns; Limits To Arbitrage; Market Efficiency; Anomalies; Funding Constraints; Fund Flows; Mutual Funds

# educationAndTraining[].name
B.E.E. Bachelor of Electrical Engineering

# educationAndTraining[].organization.label
University of Florida - (Gainesville, Florida, United States)

# educationAndTraining[].name
M.B.A. Master of Business Administration

# awardsAndHonors[].label
Patricia and Bookman Peters Research Professorship

# publications[].label
The Effect of Options on Stock Prices: 1973 to 1995

# publications[].label
Convexity Neglect in Consumer Decision Making

# publications[].label
A Reexamination of Corporate Governance and Equity Prices

# publications[].label
A Reexamination of Corporate Governance and Equity Prices with Updated and Supplemental Results

# publications[].label
A Reexamination of Corporate Governance and Equity Prices

# publications[].label
A Hiding Place? Diversification, Financialization, and Return Comovement in Commodity Markets

# publications[].label
Why Do Option Introductions Depress Stock Prices? A Study of Diminishing Short-Sale Constraints

# publications[].label
Foreign Exchange Risk and the Cross-Section of Stock Returns

# publications[].label
Why Do Option Introductions Depress Stock Prices? A Study of Diminishing Short Sale Constraints

# publications[].label
Smart money, dumb money, and capital market anomalies

# publications[].label
The Information Content of Bank Exam Ratings and Subordinated Debt Prices

# publications[].label
Short Interest, Returns, and Unfavorable Fundamental Information

# publications[].label
The Cross Section of Analyst Recommendations

# publications[].label
Evidence of Bank Market Discipline in Subordinated Debenture Yields: 19831991

# publications[].label
Foreign exchange risk and the cross-section of stock returns

# publications[].label
Idiosyncratic risk and the cross-section of stock returns: Merton (1987) meets Miller (1977)

# publications[].label
Estimation risk, information, and the conditional CAPM: Theory and evidence

# publications[].label
The Longrun Performance Following Dividend Initiations and Resumptions: Underreaction or Product of Chance?

# publications[].label
A Reexamination of Corporate Governance and Equity Prices

# publications[].label
Evidence of Bank Market Discipline in Subordinated Debenture Yields: 1983- 1991

# publications[].label
Seven Decades of Long Term Abnormal Return Persistence: The Case of Dividend Initiations and Resumptions

# publications[].label
Asset Pricing with Estimation-risk and Uncertain Information Quality

# publications[].label
Short-sale constraints, differences of opinion, and overvaluation

# publications[].label
Funding Constraints and Market Efficiency

# publications[].label
Capital Market Efficiency and Arbitrage Efficacy

# publications[].label
Two Centuries of Innovations and Stock Market Bubbles

# publications[].publisher
Institute for Operations Research and the Management Sciences (INFORMS)

# publications[].label
Estimation Risk, Information, and the Conditional CAPM: Theory and Evidence

# publications[].label
Customer Satisfaction and Long-Term Stock Returns

# publications[].label
Short Interest, Returns, and Fundamentals

# publications[].label
Mispricing Following Public News: Overreaction for Losers, Underreaction for Winners

# publications[].label
The Price Effect of Option Introductions: 1973-1992

# publications[].label
Partial Effects of Fed Tightening on U.S. Banks Capital

# streetAddress
Texas A&M University; Finance; 4218 TAMU

# organizations[]
Texas A&M Engineering Experiment Station (TEES)

# schools[]
Texas A&M Engineering Experiment Station (TEES)