University of Illinois and NBER and Louis
Chan and Theodore Sougiannis, University of Illinois
"The Stock Market Valuation of Research & Development Expenditures"
Discussant: Werner De Bondt, University of Wisconsin
MIT and NBER; Harrison Hong,
Stanford University, and Terence Lim, MIT
"Bad News Travels Slowly: Size, Analyst Coverage, and the Profitability of Momentum
Discussant: Narasimhan Jegadeesh, University of Illinois
Hebrew University and NBER and Christopher J. Mayer, Columbia University
"Nominal Loss A version and Seller Behavior: Evidence from the Housing Market"
Discussant: Terrance Odean, UC, Davis
Lee and Bhaskaran
Swaminathan, Cornell University
"Price Momentum and Trading Volume"
Discussant: Andrei Shleifer, Harvard University and NBER
UC, Davis; Reuven Lehavy, UC, Berkeley; Maureen McNichols, Stanford
University; and Brett Trueman, UC, Berkeley
"Can Investors Profit from the Prophets? Consensus Analyst Recommendations and Stock
Discussant: Kent Womack, Dartmouth University
Shlomo Benartzi, UC, Los Angeles and Richard Thaler, University of
Chicago and NBER
"Naive Diversification Strategies in Defined Contribution Saving Plans"
Discussant: John Campbell, MIT and NBER