T. Clifton Green

John W. McIntyre Professor of Finance  Goizueta Business School Emory University1300 Clifton Rd. Atlanta, GA 30322 Tel: 404-727-5167     Fax: 404-727-5238clifton.green@emory.edu

Vita

Working Papers

What Does ChatGPT Make of Historical Stock Returns? Extrapolation and Miscalibration in LLM Stock Return Forecasts

with Shuaiyu Chen, Huseyin Gulen, and Dexin Zhou, 2024

Retail Option Traders and the Implied Volatility Surface

with Greg Eaton, Brian Roseman, and Yanbin Wu, 2024
  • R&R at JFE

Retail Trading Frenzies and Real Investment

with Russell Jame, 2024

Expert Network Calls

with Sean Cao, Lijun Lei, and Shaojun Zhang, 2024

Confederate Memorials and the Housing Market

with Russell Jame, Jaemin Lee, and Jaeyeon Lee, 2024

Pay Inequality, Job Satisfaction, and Firm Performance

with Stan Markov and Dexin Zhou, 2023

Published Papers

Retail Trader Sophistication and Stock Market Quality: Evidence from Brokerage Outages

with Greg Eaton, Brian Roseman, and Yanbin Wu, Journal of Financial Economics, 2022     internet appendix

The Democratization of Investment Research and the Informativeness of Retail Investor Trading

with Michael Farrell, Russell Jame, and Stan Markov, Journal of Financial Economics, 2022      internet appendix

Crowdsourced Employer Reviews and Stock Returns

with Ruoyan Huang, Quan Wen, and Dexin ZhouJournal of Financial Economics, 2019     internet appendix 

Executive Extraversion: Career and Firm Outcomes

with Russell Jame and Brandon LockThe Accounting Review, 2019     internet appendix

Rent Seeking by Low Latency Traders: Evidence from Trading on Macroeconomic Announcements

with Tarun Chordia and Badrinath KottimukkalurReview of Financial Studies, 2018     internet appendix

Alpha or Beta in the Eye of the Beholder: What Drives Hedge Fund Flows?

with Vikas Agarwal and Honglin RenJournal of Financial Economics, 2018     internet appendix

Access to Management and the Informativeness of Analyst Research

with Russell Jame, Stan Markov, and Musa SubasiJournal of Financial Economics, 2014

Broker-Hosted Investor Conferences

with Russell Jame, Stan Markov, and Musa SubasiJournal of Accounting and Economics, 2014

Company Name Fluency, Investor Recognition, and Firm Value

with Russell JameJournal of Financial Economics, 2013

IPOs as Lotteries: Skewness Preference and First-Day Returns

with Byoung-Hyoun HwangManagement Science, 2012

Buy-Side Trades and Sell-Side Recommendations, Interactions and Information Content

with Jeff Busse and Narasimhan JegadeeshJournal of Financial Markets, 2012

Strategic Trading by Index Funds and Liquidity Provision Around S&P 500 Index Additions

with Russell JameJournal of Financial Markets, 2011

Gender and Job Performance: Evidence from Wall Street

with Narasimhan Jegadeesh and Yue TangFinancial Analysts Journal, 2009

Price Based Return Comovement

with Byoung-Hyoun HwangJournal of Financial Economics, 2009

The Impact of Mutual Fund Family Membership on Investor Risk

with Ned Elton and Marty GruberJournal of Financial and Quantitative Analysis, 2007

The Value of Client Access to Analyst Recommendations

Journal of Financial and Quantitative Analysis, 2006

Economic News and the Impact of Trading on Bond Prices

Journal of Finance, 2004 

Market Efficiency in Real Time

with Jeff BusseJournal of Financial Economics, 2002CNBC Example (data point for the study, good example for class) 

Economic News and Bond Prices: Evidence from the U.S. Treasury Market

with Ned Elton and Pierluigi BalduzziJournal of Financial and Quantitative Analysis, 2001

Market Risk and Model Risk for a Financial Institution Writing Options

with Steve FiglewskiJournal of Finance, 1999

Tax and Liquidity Effects in Pricing Government Bonds

with Ned EltonJournal of Finance, 1998

Dormant Working Papers

CEO Home Bias and Corporate Acquisitions

with Kiseo Chung and Breno Schmidt, 2018

CEO vs. Consumer Confidence: Investment, Financing and Firm Performance

with Byoung-Hyoun Hwang and Cong (Roman) Wang, 2015

Teaching

Undergrad Corporate Finance

PhD Behavioral Finance

MBA Investments