Stephen M. Ross School of Business
University of Michigan, Ann Arbor
Office: R5430
Email: snehalb@umich.edu
CURRICULUM VITAE
(Google Scholar, SSRN Page)
|
Professor of Finance Stephen M. Ross School of Business University of Michigan, Ann Arbor Office: R5430 Email: snehalb@umich.edu CURRICULUM VITAE (Google Scholar, SSRN Page) |
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Choosing to Disagree: Endogenous Dismissiveness and Overconfidence in Financial Markets
(with J. Davis and N. Gondhi)
Journal of Finance, 2024, 79(2):1635-1695
Disclosing to Informed Traders (with I. Marinovic and K. Smith)
Journal of Finance, 2024, 79(2):1513-1578
Winner of the Accounting and Economics Society Notable Working Paper Award, 2020
Harnessing the Overconfidence of the Crowd: A Theory of SPACs (with M. Szydlowski)
Journal of Financial Economics, 2024, 153:103787
Summary: Harvard Law School Forum on Corporate Governance
On the Voluntary Disclosure of Redundant Information (with B. Breon-Drish, R. Kaniel and I. Kremer)
Journal of Economic Theory, 2023, 214:105743
Dynamics of Research and Strategic Trading (with B. Breon-Drish)
Review of Financial Studies, 2022, 35(2):908-961
Strategic trading and unobservable information acquisition (with B. Breon-Drish)
Journal of Financial Economics, 2020, 138(2):458-482
When transparency improves, must prices reflect fundamentals better? (with J. Davis and N. Gondhi)
Review of Financial Studies, 2018, 31(6):2377-2414
Signal or noise? Uncertainty and learning about whether other traders are informed (with B. Green)
Journal of Financial Economics, 2015, 117(2):398-423
Trading in Derivatives when the Underlying is Scarce (with J. Graveline)
Journal of Financial Economics, 2014, 111(3):589-608
The Cost of Short-Selling Liquid Securities (with J. Graveline)
Journal of Finance, 2013, 68(2):637-664
Factor-loading Uncertainty and Expected Returns (with C. Armstrong and C. Corona)
Review of Financial Studies, 2013, 26(1):158-207
Learning from Prices and the Dispersion in Beliefs
Review of Financial Studies, 2011, 24(9):3025-3068
Winner of the RFS Young Researcher Prize, 2010
Disagreement and Learning: Dynamic Patterns of Trade (with I. Kremer)
Journal of Finance, 2010, 65(4):1269-1302
Price Drift as an Outcome of Differences in Higher Order Beliefs (with R. Kaniel and I. Kremer)
Review of Financial Studies, 2009, 22(9):3707-3734, correction
Discussion of “Disclosure Processing Costs, Investors’ Information Choice, and Equity Market Outcomes: A Review” (with B. Breon-Drish and Joey Engelberg)
Journal of Accounting and Economics, 2020, 70(2):101337
Feedback Effects and Systematic Risk Exposures (with B. Breon-Drish and K. Smith)
When prices reflect both cash-flow and discount-rate news, how does feedback affect
investment, firm value and welfare?
Motivated Beliefs in Coordination Games (with J. Davis and N. Gondhi)
Wishful thinkers agree to disagree about public information when strategic
considerations are important.
Asymmetric Information, Disagreement, and the Valuation of Debt and Equity
(with B. Breon-Drish and K. Smith)
How disagreement and liquidity demand affect debt and equity valuations depends on how
investors interpret the information in prices.
Incentivizing Effort and Informing Investment: The Dual Role of Stock Prices
(with J. Davis and N. Gondhi)
Prices that are more informative about investment opportunities may be worse for contracting.
Founder Friendly VCs (with M. Szydlowski)
Entrepreneurs take less risk when VCs are friendlier.
Information Provision and the Curse of Knowledge (with J. Davis and N. Gondhi)
The curse of knowledge improves information production and can improve communication.
Leaks, disclosures and internal communication (with K. Hu and T. Kim)
Higher likelihood of leaks can increase disclosure, but reduce efficiency.
Conceal to Coordinate (with T. Kim and V. Mangla)
Transparency versus Tone: Public Communication with Limited Commitment (with Q. Liu )