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Hong, Harrison

Professor of Economics and Finance
Princeton University

hhong@saif.sjtu.edu.cn

Educational Background

Ph.D., Economics, Massachusetts Institute of Technology

Experience

Professor Harrison Hong is the John Scully ’66 Professor of Economics and Finance at Princeton University. Before joining Princeton in 2002, he served as Associate Professor of Finance of the Graduate School of Business at Stanford University. Previously, on visiting positions of Finance, he taught at Stern School of Business of New York University and Anderson School of Management of University of California.

Honors / Achievements

Fischer Black Prize from American Finance Association (2009)
Fama-DFA prizes given by Journal of Financial Economics
Director of American Finance Association (2009)

Short BIO

Professor Harrison Hong’s journal publications have appeared in Behavioral Finance, Journal of Finance,Journal of Financial Economics, Rand Journal of Economics, Journal of Financial Markets, Journal of Financial Intermediation, Review of Financial Studies, American Economic Review and other leading academic journals. Also, He is co-author of the book, MBA a Box: Practical Ideas from the Best Brains in Business. Presently, he has joined editorial board of both Journal of Finance and Journal of Financial Intermediation as Associated Editor.
Professor Harrison Hong has achieved many professional awards and marks of recognition. He also received several best paper prizes from the Western and European Finance Association, Moskowitz Prize (Honorable Mention) from Socially Responsible Investing Research, as well as National Science Foundation Fellowship and Grant.
Also he is a research associate at the National Bureau of Economic Research.

Publication

  • Harrison Hong, Leonard Kostovetsky (2012), Red and blue investing: Values and finance, Journal of Financial Economics.

    Jeffrey D. Kubikb, Harrison Hong, Tal Fishmanc (2012), Do arbitrageurs amplify economic shocks? Journal of Financial Economics.

    Harrison Hong, Marcin Kacperczyk (2010), Competition and Bias, The Quarterly Journal of Economics.

    Harrison Hong, Jialin Yu (2009), Gone Fishin’: Seasonality in Trading Activity and Asset Prices, Journal of Financial Markets.

    Harrison Hong, Marcin Kacperczyk (2009), The Price of Sin: The Effects of Social Norms on Stock Markets, Journal of Financial Economics.

    Harrison Hong, Jiang Wang, Jialin Yu (2008), Firms as Buyers of Last Resort, Journal of Financial Economics.

    Harrison Hong,Jose Scheinkman and Wei Xiong (2008), Advisors and Asset Prices: A Model of the Origins of Bubbles, journal of Financial Economics.

    Harrison Hong, Jeffrey D. Kubik and Jeremy C. Stein (2008), The Only Game in Town: The Stock Price Consequences of Local Bias,Journal of Financial Economics.

    Harrison Hong,Walter Torous, Rossen Valkanov (2007), Do Industries Lead Stock Markets? Journal of Financial Economics.

    Harrison Hong, Jeremy C. Stein, Jialin Yu (2007), Simple Forecasts and Paradigm Shifts, Journal of Finance.

    Harrison Hong, Jeremy C. Stein(2007), Disagreement and the Stock Market, Journal of Economic Perspectives.

    Harrison Hong, Jose Scheinkman, Wei Xiong (2006), Asset Float and Speculative Bubbles, Journal of Finance.

    Harrison Hong, Jeffrey D. Kubik, Jeremy C. Stein (2005), Thy Neighbor’s Portfolio: Word-of-Mouth Effects in the Holdings and Trades of Money ManagersJournal of Finance, Journal of Finance.

    Harrison Hong, Jeffrey D. Kubik, Jeremy C. Stein (2004), Social Interaction and Stock Market Participation, Journal of Finance.

    Harrison Hong, Ming Huang (2004), Talking up Liquidity: Insider Trading and Investor Relations, Journal of Financial Intermediation.

    Harrison Hong, Joseph Chen, Ming Huang, Jeffrey D. Kubik (2004), Does Fund Size Erode Mutual Fund Performance? The Role of Liquidity and Organization, American Economic Review.

    Harrison Hong, Jeffrey D. Kubik (2003), Analyzing the Analysts: Career Concerns and Biased Earnings Forecasts, Journal of Finance.

    Harrison Hong, Jeremy C. Stein (2003), Differences of Opinion, Short-Sales Constraints and Market Crashes, Review of Financial Studies.

    Harrison Hong, Sven Rady (2002), Straegic Trading and Learning about Liquidity, Journal of Financial Markets.

    Harrison Hong, Joseph Chen and Jeremy C.Stein (2002), Breadth of Ownership and Stock Returns, Journal of Financial Economics.

    Harrison Hong, Joseph Chen and Jeremy C. Stein (2001), Forecasting Crashes: Trading Volume, Past Returns and Conditional Skewness in Stock Prices, Journal of Financial Economics.

    Harrison Hong, Jeremy C. Stein (2000), A Unified Theory of Underreaction, Momentum Trading and Overreaction in Asset Markets,Reprinted in Behavioral Finance.

    Harrison Hong, Terence Lim and Jeremy C. Stein (2000), Bad News Travels Slowly: Size, Analyst Coverage and the Profitability of Momentum Strategies, Journal of Finance.

    Harrison Hong, Jiang Wang (2000), Trading and Returns under Periodic Market Closures, Journal of Finance.

    Harrison Hong, Nill (2000), A Model of Returns and Trading in Futures Markets, Journal of Finance.

    Harrison Hong, Jeffrey D. Kubik, Amit Solomon (2000), Security Analysts’ Career Concerns and Herding of Earnings Forecasts, Rand Journal of Economics.

    Harrison Hong, Jeremy C. Stein (1999), A Unified Theory of Underreaction, Momentum Trading and Overreaction in Asset Markets,Journal of Finance.