Malcolm P. Baker
Harvard University
1 paper in the Anchorcite directory, published in 2006, cited 6,330 times in total.
Research topics
- Corporate Finance and Governance · 1 paper
- Financial Markets and Investment Strategies · 1 paper
- Auditing, Earnings Management, Governance · 1 paper
Frequent co-authors
- Jeffrey A. Wurgler · 1 paper
Papers
- Investor Sentiment and the Cross‐Section of Stock ReturnsThe Journal of Finance · 2006 · 6,330 citations
ABSTRACT We study how investor sentiment affects the cross‐section of stock returns. We predict that a wave of investor sentiment has larger effects on securities whose valuations are highly subjective and difficult to arbitrage. Consistent with this prediction, we find…
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