Ron Kaniel

Ron Kaniel is the Jay S. and Jeanne P. Benet Professor of Finance at the Simon Business School, University of Rochester. Kaniel is a Co-Editor of the Journal of Financial Economics. He has served as the President of the Finance Theory Group. He is a Research Fellow of the Center for Economic Policy Research.

Before joining Simon, Kaniel was a faculty member at Duke University and the University of Texas at Austin, and was a visiting scholar at Stanford University. He received a Ph.D. in finance in 1999 from the Wharton School of the University of Pennsylvania, an M.Sc. (Summa Cum Laude) in computer science in 1994 and B.Sc. (Summa Cum Laude) in mathematics and computer science in 1992 from the Hebrew University of Jerusalem. He received a European Research Council Starting Grant. He has been named to the Simon School Dean’s Teaching Honor Roll numerous times.

Areas Of Expertise

• Financial Intermediation and Investments Asset Pricing

Education

• Doctor of Philosophy (PhD) University of Pennsylvania - The Wharton School (1994 — 1999)
• Master's Degree The Hebrew University (1992 — 1994)
• Bachelor's Degree The Hebrew University (1989 — 1992)

Publications

• Filing Speed, Information Leakage, and Price Formation, Review of Accounting Studies, forthcoming (with Jeffrey L. Callen and Dan Segal)
• The Real Side of the High-Volume Return Premium, Management Science, forthcoming (with Doron Israeli and Suhas A. Sridharan)
• Impact of Managerial Commitment on Risk Taking with Dynamic Fund Flows , Management Science, 2019, 65(7), 3174-3195 (with Stathis Tompaidis and Ti Zhou)
• Are Mutual Fund Managers Paid for Investment Skill?, Review of Financial Studies , 2018, 31(2), 715-772 (with Markus Ibert, Stijn Van Nieuwerburgh and Roine Vestman)
• WSJ Category Kings - the impact of media attention on consumer and mutual fund investment decisions, Journal of Financial Economics, 2017, 123 (2), 337-356 (with Robert Parham)
• Are Retail Traders Compensated for Providing Liquidity?, Journal of Financial Economics, 2016, 120, 146-168 (with Jean-Noël Barrot and David Sraer)
• Asset Return Predictability in a Heterogeneous Agent Equilibrium Model, Quarterly Journal of Finance , 2015, 5 (2), (with David Chapman, Murray Carlson and Hong Yan)
• The Delegated Lucas-Tree, Review of Financial Studies, 2013, 26 (4), 929-984 (with Péter Kondor)
• Why Do Institutional Investors Chase Return Trends?, Journal of Financial Intermediation, 2012, 21(4), 694-721 (with Aydogan Alti and Uzi Yoeli)
• Individual Investor Trading and Return Patterns around Earnings Announcements, Journal of Finance, 2012, 67, 639-680(with Shuming Liu, Gideon Saar and Sheridan Titman)
• The High Volume Return Premium: Cross-Country Evidence, Journal of Financial Economics, 2012,103, 255-279 (with Arzu Ozoguz and Laura Starks)
• Equilibrium Prices in the presence of Delegated Portfolio Management, Journal of Financial Economics, 2011, 101, 264-269 (with Domenico Cuoco)
• Mutual Fund Portfolio Choice in the Presence of Dynamic Flows, Mathematical Finance, 2010, 20 (2), 187-227 (with Julien Hugonnier)
• Price drift as an outcome of differences in higher order beliefs , Review of Financial Studies, 2009, 22, 3707-3734 (with Snehal Banerjee and Ilan Kremer)
• Individual Investor Trading and Stock Returns, Journal of Finance, 2008, 63 (1), 273-310 (with Gideon Saar and Sheridan Titman)