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.
Papers
More filters
Belief Overreaction and Stock Market Puzzles
TL;DR: The authors construct an index of long-term expected earnings growth for S&P500 firms and show that it has remarkable power to jointly predict errors in these expectations and stock returns, in both the aggregate market and the cross-section.
Posted Content
Princes and Merchants: European City Growth before the Industrial Revolution
TL;DR: As measured by the pace of city growth in western Europe from 1000 to 1800, a region ruled by an absolutist prince saw its total urban population shrink by one hundred thousand people per century as discussed by the authors.
Posted Content
Large Shareholders and Corporate Control
Andrei Shleifer,Robert W. Vishny +1 more
TL;DR: In this paper, the authors explore a model in which the presence of a large minority shareholder provides a partial solution to the free-rider problem in a corporation with many small owners, where the corporation may not pay any one of them to monitor the performance of the management.
Posted Content
The Survival of Noise Traders in Financial Markets
TL;DR: In this article, the authors present a model of portfolio allocation by noise traders with incorrect expectations about return variances, and conclude that such traders can come to dominate the market in that the probability that they eventually have a high share of total wealth is close to one.