Ronnie Sadka

Professor Ronnie Sadka is the senior associate dean for faculty, chairperson and professor of Finance, and the Haub Family Professor at the Carroll School of Management, Boston College. His research focuses on the liquidity in financial markets. More recently, he has been developing big-data driven investment applications. Sadka is a frequent speaker at academic and practitioner conferences; his work has appeared in various outlets including Journal of Finance, Journal of Financial Economics, Journal of Accounting Research, Journal of Accounting and Economics, Journal of Financial and Quantitative Analysis, and Financial Analysts Journal, and has been covered by New York Times, Wall Street Journal, and CNBC.

Prior academic experience includes teaching at the University of Chicago (Booth), New York University (Stern), Northwestern University (Kellogg), and the University of Washington (Foster). Industry experience includes Goldman Sachs Asset Management and Lehman Brothers (quantitative strategies). Sadka recently served on the economic advisory board of NASDAQ OMX. Professor Sadka earned a B.Sc. (Magna Cum Laude) in industrial engineering and a M.Sc. (Summa Cum Laude) in operations research, both from Tel-Aviv University. He received a Ph.D. in finance from Northwestern University (Kellogg).

EXPERTISE

• Financial institutions Asset Management
• Behavioral finance
• Asset pricing Investments
• Capital markets

EDUCATION

• B.Sc., Tel-Aviv University
• M.Sc., Tel-Aviv University
• Ph.D., Northwestern University

Publications

Competition links and stock returns (with Assaf Eisdorfer, Ken Froot, and Gideon Ozik), Review of Financial Studies, forthcoming.

Predicting performance using consumer big data (with Ken Froot, Namho Kang, and Gideon Ozik), Journal of Portfolio Management, forthcoming.

Flattening the illiquidity curve: Retail trading during the COVID-19 lockdown (with Gideon Ozik and Siyi Shen), Journal of Financial and Quantitative Analysis, forthcoming.

Maturity driven mispricing of options (with Assaf Eisdorfer and Alexei Zhdanov), Journal of Financial and Quantitative Analysis, forthcoming.

Illiquidity and price informativeness (with Jon N. Kerr and Gil Sadka), Management Science 66, January 2020, 334–351.

Liquidity risk and mutual fund performance (with Xi Dong and Shu Feng), Management Science, 65, March 2019, 1020–1041.

Investor protection and the long-run performance of activism (with Pouyan Foroughi, Namho Kang, and Gideon Ozik), Journal of Financial and Quantitative Analysis 54, February 2019, 61–100.

Short-horizon Beta or long-horizon Alpha? (with Avraham Kamara, Robert A. Korajczyk, and Xiaoxia Lou), Journal of Portfolio Management 45, Fall 2018, 96-105.

What do measures of real-time corporate sales tell us about earnings management, surprises and post-announcement drift? (with Ken Froot, Namho Kang, and Gideon Ozik), Journal of Financial Economics 125, June 2017, 143-162.

Horizon pricing (with Avraham Kamara, Robert A. Korajczyk, and Xiaoxia Lou), Journal of Financial and Quantitative Analysis 51, December 2016, 1769-1793.

Invisible Costs and Profitability (with Xiaoxia Lou), Portfolio Construction, Measurement, and Efficiency: Essays in Honor of Jack Treynor, Springer 2016.

Skin in the game versus skimming the game: Governance, share restrictions, and insider flow (with Gideon Ozik), Journal of Financial and Quantitative Analysis 50, December 2015, 1293–1319.

Do hedge funds reduce idiosyncratic risk? (with Namho Kang and Peter Kondor), Journal of Financial and Quantitative Analysis 49, August 2014, 843–877.

Asset class liquidity risk, Bankers, Markets & Investors 128, January-February 2014, 19-29.

Big data and information edge (with Gideon Ozik), Hedge Funds Review, December 2013/January 2014, 32-34.