J
Josef Lakonishok
Researcher at University of Illinois at Urbana–Champaign
Publications - 103
Citations - 37541
Josef Lakonishok is an academic researcher from University of Illinois at Urbana–Champaign. The author has contributed to research in topics: Stock (geology) & Earnings. The author has an hindex of 63, co-authored 103 publications receiving 36120 citations. Previous affiliations of Josef Lakonishok include National Bureau of Economic Research & Tel Aviv University.
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Contrarian Investment, Extrapolation, and Risk
TL;DR: In this paper, the authors provide evidence that value strategies yield higher returns because these strategies exploit the mistakes of the typical investor, and not because these riskier strategies are fundamentally riskier.
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Contrarian Investment, Extrapolation, and Risk
TL;DR: In this article, the authors provide evidence that value strategies yield higher returns because these strategies exploit the suboptimal behavior of the typical investor and not because these riskier strategies are fundamentally riskier.
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Simple Technical Trading Rules and the Stochastic Properties of Stock Returns
TL;DR: In this article, the authors used the Dow Jones Index from 1897 to 1986 to test two of the simplest and most popular trading rules (moving average and trading range break) by utilizing the bootstrap techniques.
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The impact of institutional trading on stock prices
TL;DR: In this paper, the authors used new data on the holdings of 769 tax-exempt (predominantly pension) funds, to evaluate the potential effect of their trading on stock prices.
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Fundamentals and Stock Returns in Japan
TL;DR: In this paper, the authors compared cross-sectional differences in returns on Japanese stocks to the underlying behavior of four variables: earnings yield, size, book to market ratio, and cash flow yield.