Sheridan D. Titman

Journal Articles

1. Narasimhan Jegadeesh, Jiang Luo, Avanidhar Subrahmanyam, Sheridan D. Titman (2025). Short-Term Reversals and Longer-Term Momentum around the World: Theory and Evidence. Review of Financial Studies.DOI
2. Shangchen Li, Hongxun Ruan, Sheridan D. Titman, Haotian Xiang (2023). ESG Spillovers. National Bureau of Economic Research.DOI
3. Jie Cao, Sheridan D. Titman, Xintong Zhan, Weiming Elaine Zhang (2022). ESG Preference, Institutional Trading, and Stock Return Patterns. Journal of Financial and Quantitative Analysis.DOI
4. Sheridan D. Titman, Chishen Wei, Bin Zhao (2021). Corporate Actions and the Manipulation of Retail Investors in China: An Analysis of Stock Splits. National Bureau of Economic Research.DOI
5. Andy C.W. Chui, Avanidhar Subrahmanyam, Sheridan D. Titman (2020). Momentum, Reversals, and Investor Clientele. European Finance Review.DOI
6. Leila Atwi, Assem M. Safieddine, Sheridan D. Titman (2017). Investor Protection and Governance in the Valuation of Emerging Markets Investments. Journal of applied corporate finance.DOI
7. Libo Sun, Sheridan D. Titman, Garry J. Twite (2015). REIT and Commercial Real Estate Returns: A Postmortem of the Financial Crisis. Real Estate Economics, Vol. 430, No. 10.DOI
8. Andrés Almazán, Adolfo de Motta, Sheridan D. Titman (2015). Debt, labor markets, and the creation and destruction of firms. Journal of Financial Economics.DOI
9. Armen Hovakimian, Ayla Kayhan, Sheridan D. Titman (2011). Are Corporate Default Probabilities Consistent with the Static Trade-off Theory? Review of Financial Studies.DOI
10. Narasimhan Jegadeesh, Sheridan D. Titman (2011). Momentum. Annual Review of Financial Economics.DOI
11. Jay C. Hartzell, Tobias Muehlhofer, Sheridan D. Titman (2010). Alternative Benchmarks for Evaluating Mutual Fund Performance. Real Estate Economics, Vol. 380, No. 10.DOI
12. Andrés Almazán, Adolfo de Motta, Sheridan D. Titman, Vahap Bülent Uysal (2010). Financial Structure, Acquisition Opportunities, and Firm Locations. The Journal of Finance.DOI
13. Andrés Almazán, Javier Suárez, Sheridan D. Titman (2007). Firms' Stakeholders and the Costs of Transparency. National Bureau of Economic Research.DOI
14. Andrés Almazán, Adolfo de Motta, Sheridan D. Titman (2007). Firm Location and the Creation and Utilization of Human Capital. The Review of Economic Studies.DOI
15. Sheridan D. Titman, Sergey Tsyplakov (2007). A Dynamic Model of Optimal Capital Structure. European Finance Review.DOI
16. Christopher A. Parsons, Sheridan D. Titman (2007). Empirical Capital Structure: A Review. Foundations and Trends® in Finance.DOI
17. Murray D. Carlson, Zeigham Khokher, Sheridan D. Titman (2006). Equilibrium Exhaustible Resource Price Dynamics. National Bureau of Economic Research.DOI
18. Ron Kaniel, Gideon Saar, Sheridan D. Titman (2004). Individual Investor Sentiment and Stock Returns. Faculty Digital Archive (New York University Florence).
19. Andrés Almazán, Javier Suárez, Sheridan D. Titman (2003). Stakeholder, Transparency and Capital Structure. National Bureau of Economic Research.DOI
20. Sheridan D. Titman (2001). The Modigliani and Miller Theorem and Market Efficiency. National Bureau of Economic Research.DOI
21. Scott Gibson, Assem M. Safieddine, Sheridan D. Titman (2000). Tax-Motivated Trading and Price Pressure: An Analysis of Mutual Fund Holdings. Journal of Financial and Quantitative Analysis.DOI
22. Kent Daniel, Sheridan D. Titman (1999). Market Efficiency in an Irrational World. Financial Analysts Journal.DOI
23. Avanidhar Subrahmanyam, Sheridan D. Titman (1999). The Going‐Public Decision and the Development of Financial Markets. The Journal of Finance.DOI
24. Kent Daniel, Sheridan D. Titman (1997). Evidence on the Characteristics of Cross Sectional Variation in Stock Returns. The Journal of Finance.DOI
25. Daniel C. Quan, Sheridan D. Titman (1996). Commercial Real Estate Prices and Stock Market Returns: An International Analysis.
26. Mark S. Grinblatt, Sheridan D. Titman, Russ R. Wermers (1995). Momentum Investment Strategies, Portfolio Performance, and Herding: A Study of Mutual Fund Behavior. American Economic Review.
27. David A. Hirshleifer, Avanidhar Subrahmanyam, Sheridan D. Titman (1994). Security Analysis and Trading Patterns when Some Investors Receive Information Before Others. The Journal of Finance.DOI
28. Tim C. Opler, Sheridan D. Titman (1994). Financial Distress and Corporate Performance. The Journal of Finance.DOI
29. Mark S. Grinblatt, Ronald W. Masulis, Sheridan D. Titman (1984). The valuation effects of stock splits and stock dividends. Journal of Financial Economics.DOI

Preprints

1. Sheridan D. Titman, Dean Xu, Yiyuan Zhang (2026). Bank Regulation, Construction Financing, and the Supply of New Housing. SSRN Electronic Journal.DOI
2. Son-Ku Kim, Seung Joo Lee, Sheridan D. Titman (2025). Managerial Incentives, Financial Innovation, and Risk-Management Policies. SSRN Electronic Journal.DOI
3. Donghui Shi, Sheridan D. Titman, Chishen Wei, Bin Zhao (2025). Information Acquisition in Dealer Markets: Evidence from Chinese Block Trades. SSRN Electronic Journal.DOI
4. Ruidi Huang, Erik J. Mayer, Sheridan D. Titman, David Xiaoyu Xu (2025). Human Capital and Local Credit Supply: Evidence from the Mortgage Industry. SSRN Electronic Journal.DOI
5. Gregory Weitzner, Nathan Swem, Sheridan D. Titman, Andrés Almazán (2025). Access to Capital and the IPO Decision: An Analysis of US Private Firms. SSRN Electronic Journal.DOI
6. Allaudeen Hameed, Sheridan D. Titman, Jason Zhanshun Wei, Huiping Zhang (2024). Information Transmission from Bond to Stock Markets. SSRN Electronic Journal.DOI
7. Matthieu Bouvard, Adolfo de Motta, Sheridan D. Titman (2024). Aggregate Risk and Industrial Policy. SSRN Electronic Journal.DOI
8. Hao Jiang, Chris Parsons, Lin Sun, Sheridan D. Titman (2023). Undervaluing Skilled Immigrants. SSRN Electronic Journal.DOI
9. Hao Jiang, Sheridan D. Titman, Takeshi Yamada, Terry Zhang (2023). Investor Composition and Liquidity: An Analysis of Japanese Stocks. SSRN Electronic Journal.DOI
10. Lin Peng, Sheridan D. Titman, Muhammed Yönaç, Dexin Zhou (2022). It's a Small World: Social Ties, Comovements, and Predictable Returns. SSRN Electronic Journal.DOI
11. Shangchen Li, Hongxun Ruan, Sheridan D. Titman, Haotian Xiang (2022). Managing Mutual Funds with Different Mandates: Evidence from ESG and Non-ESG Sibling Funds. SSRN Electronic Journal.DOI
12. Gregg S. Fisher, Eva Maria Steiner, Sheridan D. Titman, Ashvin Viswanathan (2021). Location Density, Systematic Risk, and Cap Rates: Evidence from REITs. SSRN Electronic Journal.DOI
13. Aydoğan Altı, Travis L. Johnson, Sheridan D. Titman (2021). The Performance of Characteristic-Sorted Portfolios: Evaluating the Past and Predicting the Future. SSRN Electronic Journal.DOI
14. Hamed Ghoddusi, Sheridan D. Titman, Stathis Tompaidis (2021). Crack Spreads and Capacity Utilization in the US Refinery. SSRN Electronic Journal.DOI
15. Sheridan D. Titman, Chishen Wei, Bin Zhao (2020). Stock Price Manipulation: Corporate Actions and the Exploitation of Retail Investors in China. SSRN Electronic Journal.DOI
16. Jedrzej Pawel Bialkowski, Sheridan D. Titman, Garry J. Twite (2019). The Determinants of Office Rents and Yields: The International Evidence. SSRN Electronic Journal.DOI
17. Daniel R. Mitchell, Kumar Muthuraman, Sheridan D. Titman (2019). Hedge Fund Compensation: Incentive Fees and Performance Intervals. SSRN Electronic Journal.DOI
18. Gregg S. Fisher, Ronnie Shah, Sheridan D. Titman (2019). Do Growth Expectations Help Explain Characteristic-Sorted Portfolio Returns? SSRN Electronic Journal.DOI
19. Casey Dougal, Christopher A. Parsons, Sheridan D. Titman (2018). Urban Vibrancy and Firm Value Creation. SSRN Electronic Journal.DOI
20. Jiang Luo, Avanidhar Subrahmanyam, Sheridan D. Titman (2018). Stock Price Patterns When Overconfident Traders Underestimate Their Competition. SSRN Electronic Journal.DOI
21. Andy C.W. Chui, Sheridan D. Titman (2018). Investor Composition and Stock Return Patterns: A Study of Momentum in the Chinese A- and B-Shares Markets. SSRN Electronic Journal.DOI
22. Sheridan D. Titman, Guozhong Zhu (2018). City Characteristics, Land Prices and Volatility. SSRN Electronic Journal.DOI
23. Susan Chaplinsky, Betty J. Simkins, Sheridan D. Titman (2018). Note on Master Limited Partnerships. SSRN Electronic Journal.DOI
24. Jonathan B. Cohn, Sheridan D. Titman, Garry J. Twite (2017). Capital Structure and Taxes in Europe. SSRN Electronic Journal.DOI
25. Zeigham Khokher, Mohammad Morovati, Sheridan D. Titman, Shyam Sunder Venkatesan (2017). Real Options and Endogenous Investment Costs: Evidence from Oil Rig Rates. SSRN Electronic Journal.DOI
26. Gregg S. Fisher, Ronnie Shah, Sheridan D. Titman (2017). Should You Tilt Your Equity Portfolio to Smaller Countries? SSRN Electronic Journal.DOI
27. Aydoğan Altı, Sheridan D. Titman (2016). A Dynamic Model of Characteristic-Based Return Predictability. SSRN Electronic Journal.DOI
28. Christopher A. Parsons, Riccardo Sabbatucci, Sheridan D. Titman (2016). Geographic Lead-Lag Effects. SSRN Electronic Journal.DOI
29. Chuan-Yang Hwang, Sheridan D. Titman, Yuxi Wang (2015). Is It Who You Know or What You Know? Evidence from IPO Allocations and Mutual Fund Performance. SSRN Electronic Journal.DOI
30. Gregg S. Fisher, Ronnie Shah, Sheridan D. Titman (2015). Decomposing Fundamental Indexation. SSRN Electronic Journal.DOI
31. Chuan-Yang Hwang, Sheridan D. Titman, Ying Wang (2015). Investor Tastes, Corporate Behavior and Stock Returns: An Analysis of Corporate Social Responsibility. SSRN Electronic Journal.DOI
32. Christopher A. Parsons, Johan Sulaeman, Sheridan D. Titman (2014). The Geography of Financial Misconduct. SSRN Electronic Journal.DOI
33. Gregg S. Fisher, Ronnie Shah, Sheridan D. Titman (2014). Combining Value and Momentum. SSRN Electronic Journal.DOI
34. Christopher A. Parsons, Johan Sulaeman, Sheridan D. Titman (2014). Swimming Upstream: Struggling Firms in Corrupt Cities. SSRN Electronic Journal.DOI
35. Si Cheng, Allaudeen Hameed, Avanidhar Subrahmanyam, Sheridan D. Titman (2014). Short-Term Reversals and the Efficiency of Liquidity Provision. SSRN Electronic Journal.DOI
36. Sheridan D. Titman, Ko Wang, Jing Yang (2013). The Dynamics of Housing Prices. SSRN Electronic Journal.DOI
37. Casey Dougal, Christopher A. Parsons, Sheridan D. Titman (2012). Urban Vibrancy and Corporate Growth. SSRN Electronic Journal.DOI
38. Avanidhar Subrahmanyam, Sheridan D. Titman (2012). Financial Market Shocks and the Macroeconomy. SSRN Electronic Journal.DOI
39. John D. Martin, J. Douglas Ramsey, Sheridan D. Titman, Larry W. Lake (2012). A Primer on the Economics of Shale Gas Production: Just how Cheap is Shale Gas? SSRN Electronic Journal.DOI
40. Hao Jiang, Sheridan D. Titman, Takeshi Yamada (2012). Investor Composition and Liquidity: An Analysis of Japanese Stocks. SSRN Electronic Journal.DOI
41. Garry J. Twite, Sheridan D. Titman (2012). Urban Density, Law and the Duration of Real Estate Leases. SSRN Electronic Journal.DOI
42. John D. Martin, V. Ravi Anshuman, Sheridan D. Titman (2012). An Entrepreneur's Guide to Understanding the Cost of Venture Capital. SSRN Electronic Journal.DOI
43. Andy C.W. Chui, Sheridan D. Titman, K.C. John Wei, Feixue Xie (2012). Explaining the Value Premium Around the World: Risk or Mispricing? SSRN Electronic Journal.DOI
44. Chuan-Yang Hwang, Sheridan D. Titman, Ying Wang (2012). Do Institutions Influence Corporate Behavior? An Analysis of Corporate Social Responsibility. SSRN Electronic Journal.DOI
45. Jay C. Hartzell, Libo Alice Sun, Sheridan D. Titman (2011). Institutional Investors as Monitors of Corporate Diversification Decisions: Evidence from Real Estate Investment Trusts. SSRN Electronic Journal.DOI
46. Andrés Almazán, Zhaohui Chen, Sheridan D. Titman (2011). Firm Investment and Stakeholder Choices: A Top-Down Theory of Capital Budgeting. SSRN Electronic Journal.DOI
47. Ron Kaniel, Shuming Liu, Gideon Saar, Sheridan D. Titman (2010). Individual Investor Trading and Return Patterns Around Earnings Announcements. SSRN Electronic Journal.DOI
48. Sheridan D. Titman, K.C. John Wei, Feixue Xie (2010). Access to Equity Markets, Corporate Investments and Stock Returns: International Evidence. SSRN Electronic Journal.DOI
49. Sheridan D. Titman, John D. Martin, V. Ravi Anshuman (2010). Sovereign Risk and Investing in Emerging Markets. SSRN Electronic Journal.DOI
50. Sheridan D. Titman, Cristian Ioan Tiu (2008). Do the Best Hedge Funds Hedge? SSRN Electronic Journal.DOI
51. Armen Hovakimian, Ayla Kayhan, Sheridan D. Titman (2008). Credit Rating Targets. SSRN Electronic Journal.DOI
52. Sheridan D. Titman, Sergey Tsyplakov (2008). Originator Performance, CMBS Structures and Yield Spreads of Commercial Mortgages. SSRN Electronic Journal.DOI
53. Andrés Almazán, András Marosi, Sheridan D. Titman (2008). Predation, Stock Prices and Financial Structure. SSRN Electronic Journal.DOI
54. John D. Martin, Sheridan D. Titman (2008). Single vs. Multiple Discount Rates: How to Limit 'Influence Costs' in the Capital Allocation Process. SSRN Electronic Journal.DOI
55. Christopher A. Parsons, Sheridan D. Titman (2007). Capital Structure and Corporate Strategy. SSRN Electronic Journal.DOI
56. John D. Martin, Sheridan D. Titman (2007). Progressive Exploration and Production Company. SSRN Electronic Journal.DOI
57. C. Fritz Foley, Jay C. Hartzell, Sheridan D. Titman, Garry J. Twite (2005). Why Do Firms Hold so Much Cash? A Tax-Based Explanation. SSRN Electronic Journal.DOI
58. Andy C.W. Chui, K.C. John Wei, Sheridan D. Titman (2005). Individualism and Momentum Around the World. SSRN Electronic Journal.DOI
59. Joseph P. H. Fan, Garry J. Twite, Sheridan D. Titman (2004). An International Comparison of Capital Structure and Debt Maturity Choices. SSRN Electronic Journal.DOI
60. Ayla Kayhan, Sheridan D. Titman (2004). Firms' Histories and Their Capital Structures. SSRN Electronic Journal.DOI
61. Tim Adam, Sudipto Dasgupta, Sheridan D. Titman (2004). Financial Constraints, Competition and Hedging in Industry Equilibrium. SSRN Electronic Journal.DOI
62. Jay C. Hartzell, Libo Alice Sun, Sheridan D. Titman (2004). The Effect of Corporate Governance on Investment: Evidence from Real Estate Investment Trusts (Reits). SSRN Electronic Journal.DOI
63. David A. Hirshleifer, Avanidhar Subrahmanyam, Sheridan D. Titman (2003). Feedback and the Success of Irrational Investors. SSRN Electronic Journal.DOI
64. Andy C.W. Chui, K.C. John Wei, Sheridan D. Titman (2003). The Cross-Section of Expected REIT Returns. SSRN Electronic Journal.DOI
65. Gayané Hovakimian, Sheridan D. Titman (2003). Corporate Investment with Financial Constraints: Sensitivity of Investment to Funds from Voluntary Asset Sales. SSRN Electronic Journal.DOI
66. Éric Jacquier, Atakan Yalçın, Sheridan D. Titman (2003). Growth Opportunities and Assets in Place: Implications for Equity Betas. SSRN Electronic Journal.DOI
67. K.C. John Wei, Feixue Xie, Sheridan D. Titman (2003). Corporate Groups, Capital Investments and Stock Returns in Japan. SSRN Electronic Journal.DOI
68. Narasimhan Jegadeesh, Sheridan D. Titman (2002). Momentum. SSRN Electronic Journal.DOI
69. Kent Daniel, Sheridan D. Titman (2001). Market Reactions to Tangible and Intangible Information. SSRN Electronic Journal.DOI
70. Andy C.W. Chui, K.C. John Wei, Sheridan D. Titman (2001). Momentum, Legal Systems and Ownership Structure: An Analysis of Asian Stock Markets. SSRN Electronic Journal.DOI
71. Richard W. Sias, Laura T. Starks, Sheridan D. Titman (2001). The Price Impact of Institutional Trading. SSRN Electronic Journal.DOI
72. Andy C.W. Chui, K.C. John Wei, Sheridan D. Titman (2001). Intra-Industry Momentum: The Case of Reits. SSRN Electronic Journal.DOI
73. Stathis Tompaidis, Sergey Tsyplakov, Sheridan D. Titman (2001). Market Imperfections, Investment Optionality and Default Spreads. SSRN Electronic Journal.DOI
74. K.C. John Wei, Feixue Xie, Sheridan D. Titman (2001). Capital Investments and Stock Returns. SSRN Electronic Journal.DOI
75. Ann E. Sherman, Sheridan D. Titman (2000). Building the IPO Order Book: Underpricing and Participation Limits with Costly Information. SSRN Electronic Journal.DOI
76. Narasimhan Jegadeesh, Sheridan D. Titman (1999). Profitability of Momentum Strategies: An Evaluation of Alternative Explanations. SSRN Electronic Journal.DOI
77. Tim C. Opler, Sheridan D. Titman (1998). The Debt-Equity Choice. SSRN Electronic Journal.