A
Andrei Shleifer
Researcher at Harvard University
Publications - 519
Citations - 286543
Andrei Shleifer is an academic researcher from Harvard University. The author has contributed to research in topics: Government & Shareholder. The author has an hindex of 171, co-authored 514 publications receiving 271880 citations. Previous affiliations of Andrei Shleifer include National Bureau of Economic Research & University of Chicago.
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Good News for Value Stocks: Further Evidence on Market Efficiency
Rafael La Porta,Rafael La Porta,Josef Lakonishok,Josef Lakonishok,Andrei Shleifer,Andrei Shleifer,Robert W. Vishny,Robert W. Vishny +7 more
TL;DR: This article examined the hypothesis that the superior return to so-called value stocks is the result of expectational errors made by investors and found that a significant portion of the return difference between value and glamour stocks is attributable to earnings surprises that are systematically more positive for value stocks.
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The Extent of the Market and the Supply of Regulation
TL;DR: In this paper, the authors present a model in which setting up and running a regulatory institution takes a fixed cost, and the supply of regulation is limited by the extent of the market.
Posted Content
A Real Estate Boom with Chinese Characteristics
Edward L. Glaeser,Edward L. Glaeser,Edward L. Glaeser,Wei Huang,Wei Huang,Wei Huang,Yueran Ma,Andrei Shleifer,Andrei Shleifer +8 more
TL;DR: For example, this article showed that Chinese housing prices rose by over 10 percent per year in real terms between 2003 and 2014, and are now between two and ten times higher than the construction cost of apartments.
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Anomalies: Closed-End Mutual Funds
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Expectations and Investment
TL;DR: This article used micro data from the Duke University quarterly survey of CFOs to show that corporate investment plans as well as actual investment are well explained by CFO expectations of earnings growth, pointing to extrapolative structure of expectations and suggesting that expectations may not be rational.