Snehal Banerjee

Research Areas

Rational expectations
Difference of opinions
Disagreement
Liquidity
Behavioral finance

Industry Areas

Financial markets
Short-selling
Commercial lending

Papers

Signal or noise? Uncertainty and learning about whether other traders are informed (with Brett Green), Journal of Financial Economics , 2015, 117(2):398-423

Trading in Derivatives when the Underlying is Scarce (with Jeremy Graveline), Journal of Financial Economics , 2014, 111(3):589-608

The Cost of Short-Selling Liquid Securities (with Jeremy Graveline), Journal of Finance , 2013, 68(2):637-664

Factor-loading Uncertainty and Expected Returns (with Chris Armstrong and Carlos Corona), Review of Financial Studies , 2013, 26(1):158-207

Learning from Prices and the Dispersion in Beliefs, Review of Financial Studies , 2011, 24(9):3025-3068 

Disagreement and Learning: Dynamic Patterns of Trade (with Ilan Kremer), Journal of Finance , 2010, 65(4):1269-1302

Price Drift as an Outcome of Differences in Higher Order Beliefs (with Ron Kaniel and Ilan Kremer), Review of Financial Studies , 2009, 22(9):3707-3734

Working Papers

Dynamic Information Acquisition and Strategic Trading (with Bradyn Breon-Drish)

Conceal to Coordinate (with Taejin Kim and Vishal Mangla)

When transparency improves, must prices reflect fundamentals better? (with Jesse Davis and Naveen Gondhi)

Transparency versus Tone: Public Communication with Limited Commitment (with Qingmin Liu)

Snehal Banerjee's research interests include information, learning and disagreement in financial markets, liquidity, behavioral finance and asset pricing. His current research involves studying how investors choose to acquire and process information in financial markets, and how regulatory changes affect market conditions and economic welfare.

Snehal earned his Ph.D. from Stanford University's Graduate School of Business and his B.A. in Economics, Mathematics and Computer Science from Brandeis University. Prior to his arrival at the Rady School, Snehal was an Associate Professor of Finance at the Kellogg School of Management at Northwestern University.