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393 Wohlers Hall
1206 South Sixth Street
Champaign IL 61820

(217) 333-6391
l-chan2@illinois.edu

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Louis K.C. Chan

Professor of Finance and Department Chair

Education

Ph.D. Finance and Applied Economics, University of Rochester, 1984.
M.S. Applied Economics, University of Rochester, 1982.
B.B.A. University of Hawaii, 1979.

Research Interests

Research focuses on empirical analysis of the behavior of stock returns; the impact of institutional equity trading; comparative analysis of stock market structures; risk and portfolio optimization.

Research

Journal Articles

"Are All Analysts Alike? Identifying Earnings Forecasting Ability" D. Ikenberry, K. Chan, J. Lakonishok, S. Lee, Journal of Investment Management, (6) 1 1-19 2008.


"Analysts' Conflicts of Interest and Biases in Earnings Forecasts." K. Chan, J. Karceski, J. Lakonishok, Journal of Financial and Quantitative Analysis, (42) December, 4 893-913 2007.


"Earnings Quality and Stock Returns" K. Chan, K. Chan, N. Jegadeesh, J. Lakonishok, Journal of Business, (79) 4 2006.


"Value and Growth Investing: Review and Update" J. Lakonishok, K. Chan, Financial Analysts Journal, (60) January, 1 71-86 2004.


"The Level and Persistence of Growth Rates" K. Chan, J. Karceski, J. Lakonishok, Journal of Finance, (58) April, 2 634-684 2003.


"On the Mutual Fund Investment Styles" K. Chan, H. Chen, J. Lakonishok, Review of Financial Studies, (15) Winter, 5 1407-1437 2002.


"The Stock Market Valuation of Research and Development Expenditures" K. Chan, J. Lakonishok, T. Sougiannis, Journal of Finance, (56) December, 6 2431-2456 2001.
SSRN Abstract


"A New Paradigm or the Same Old Hype?: The future of value versus growth investing" K. Chan, J. Karceski, J. Lakonishok, Financial Analysts Journal, July, 2000.


"The Profitability of Momentum Strategies" K. Chan, N. Jegadeesh, J. Lakonishok, Financial Analysts Journal, November, 80-90 1999.


"On Portfolio Optimization: Forecasting Covariances and Choosing the Risk Model" K. Chan, J. Karceski, J. Lakonishok, Review of Financial Studies, (12) Winter, 937-974 1999.


"The Risk and Return from Factors" K. Chan, J. Karceski, J. Lakonishok, Journal of Financial and Quantitative Analysis, (33) June, 159-188 1998.


"Institutional Equity Trading Costs: NYSE versus Nasdaq" K. Chan, J. Lakonishok, Journal of Finance, (52) June, 2 713-735 1997.

Working Papers

"Balance Sheet Growth and the Predictability of Stock Returns" K. Chan, J. Karceski, J. Lakonishok, T. Sougiannis, 2008.

Honors and Awards


Graham-Dodd Scroll of Excellence , Association for Investment Management Research , 2001


 


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