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393 Wohlers Hall
1206 South Sixth Street
Champaign IL 61820

(217) 333-7185
josefla@illinois.edu

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Josef Lakonishok

Professor of Finance

Education

Ph.D. Business Administration, Cornell University, 1976.
M.S. Business Administration, Cornell University, 1974.
M.B.A. Tel Aviv University, 1972.
B.A. Economics and Statistics, Tel Aviv University, 1970.

Research Interests

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.


"Option Market Activity" J. Lakonishok, I. Lee, N. Pearson, A. Poteshman, Review of Financial Studies, (20) May, 3 813-857 2007.


"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


"Are Insiders' Trades Informative?" J. Lakonishok, I. Lee, Review of Financial Studies, Spring, 2001.


"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.


"Stock Repurchases in Canada: Performance and Strategic Trading" D. Ikenberry, J. Lakonishok, T. Vermaelen, Journal of Finance, (55) October, 5 2373-2398 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.


"Goods News for Value Stocks: Further Evidence on Market Efficiency" J. Lakonishok, R. La Porta, A. Shleifer, R. Vishny, Journal of Finance, (52) June, 2 859-874 1997.


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


"Market Underreaction to Open Market Share Repurchases" D. Ikenberry, J. Lakonishok, T. Vermaelen, Journal of Financial Economics, (39) October, 181-208 1995.


"Corporate Governance Through the Proxy Contest: Evidence and Implications" D. Ikenberry, J. Lakonishok, Journal of Business, (66) July, 3 405-435 1993.

Working Papers

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


"Investor Behavior in the Option Market" J. Lakonishok, I. Lee, 2005.

Chapters in Books

"Seasonal Anomalies in Financial Markets: A Survey" D. Ikenberry, J. Lakonishok, In A Reappraisal of the Efficiency of Financial Markets, NATO Advanced Science Institute Series: Springer-Verlag, 1989.

Honors and Awards


 


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