Richard Sias

Richard Sias has been with the Eller College of Management since 2011. Before joining Eller, he was a professor at Washington State University. His areas of expertise include investments, asset pricing, investor behavior and valuation.

Courses

• FIN 412 Corporate Financial Problems - Spring
• FIN 695A Investments - Spring

Publications

• “The Negativity Bias and Perceived Expected Return Distributions: Evidence from a Pandemic,” with Laura Starks and Harry Turtle, Journal of Financial Economics, Volume 147, number 3, 2023, 627-657.

• “Experts vs. Non-Experts in Online Crowdfunding Markets,” with Mingfeng Lin and Zaiyan Wei, MIS Quarterly, forthcoming.

• “The Fault in our Stars: Molecular Genetics and Technology Adoption,” with Sue Brown, MIS Quarterly, Volume 47, number 2, 2023, 483-510 (lead article).

• “Words Matter: The Role of The Role of Readability, Tone, and Deception Cues in Online Credit Markets,” with Qing Gao and Mingfeng Lin, Journal of Financial and Quantitative Analysis, Volume 58, number 1, 2023, 1-28 (lead article).

• "Active Technological Similarity and Mutual Fund Performance," with Ping McLemore, Zafer Yuksel, and Chi Wan, Journal of Financial and Quantitative Analysis, forthcoming.

• "Economic Policy Uncertainty and Self-Control: Evidence from Unhealthy Choices," with Ivalina Kalcheva and Ping McLemore, Journal of Financial and Quantitative Analysis, Volume 56, number 4, 2021, 1446-1475.

• “Sentiment Metrics and Investor Demand,” Journal of Finance, Vol. 74, no. 2, 2019, pages 985-1024 (with Luke DeVault and Laura Starks). 

• "Reconsidering Hedge Fund Contagion," with Harry Turtle and Bela Zykaj, Journal of Alternative Investments, Volume 21, number 1, 2018, 27-38.

• "Hedge Fund Politics and Portfolios," with Luke DeVault, Journal of Banking and Finance, Vol. 75, February 2017, Pages 80-97.

• "Hedge Fund Return Dependence: Model Misspecification or Liquidity Spirals?" with Harry Turtle and Blerina Zykaj, Journal of Financial and Quantitative Analysis,  Vol. 52, Issue 5, October 2017, pp. 2157-2181. 

• “Hedge Fund Crowds and Mispricing,” with Harry Turtle and Blerina Zyka, Management Science, 2015, Vol. 62(3), 764-784.

• “Why does Financial Strength Forecast Stock Returns? Evidence from Subsequent Demand by Institutional Investors,” with Nicole Choi, The Review of Financial Studies, Volume 25, number 5, 2012, pp. 1550-1587.

• “Portfolio Diversification,” with James Bennett, Journal of Investment Management, Volume 9, number 3, 2011, pp. 74-98.

• “Insider Trades and Demand by Institutional and Individual Investors,” with David Whidbee, Review of Financial Studies, Volume 23, number 4, 2010, pp. 1544-1595.

• “Style Timing with Insiders,” with Heather Knewtson and David Whidbee, Financial Analysts Journal, Volume 66, number 4, 2010, pp.46-66.

• “Why Susie Owns Starbucks: The Name Letter Effect in Security Selection,” with Heather Knewtson, Journal of Business Research, Volume 63, number 12, 2010, pp. 1324-1327.

• “Institutional Industry Herding,” with Nicole Choi, Journal of Financial Economics, Volume 94, number 3, 2009, pp. 469-491.

• “Reconcilable Differences: Momentum Trading by Institutions,” Financial Review, Volume 42, number 1, 2007, pp. 1-22 (lead article).

• “Window-dressing, Tax-loss Selling and Momentum Profit Seasonality,” Financial Analysts Journal, Volume 63, number 2, 2007, pp. 48-54.

• “Why Company-Specific Risk Changes Over Time,” with James Bennett, Financial Analysts Journal, Volume 62, number 5, 2006, pp. 89-100.

  Reprinted in “Risk Management – Foundations for a Changing Financial World,” edited by Walter Haslett Jr., CFA Institute, John Wiley & Sons, Hoboken, NJ, 2010.

• “Changes in Institutional Ownership and Stock Returns: Assessment and Methodology,” with Laura T. Starks and Sheridan Titman, Journal of Business, Volume 79, number 6, 2006, 2869-2910.

• “Informed Trading and Order Type,” with Jack Cooney, Journal of Banking and Finance, Volume 28, number 7, 2004, pp. 1711-1743.

• “Institutional Herding,” Review of Financial Studies, Volume 17, number 1, Spring 2004, pp. 165-206.

• “Greener Pastures and the Impact of Dynamic Institutional Preferences,” with James Bennett and Laura Starks, Review of Financial Studies, Volume 16, number 4, Winter 2003, pp. 1203-1239.

• “Voting with Their Feet: Changes in Institutional Ownership Around Forced CEO Turnover,” with Robert Parrino and Laura Starks, Journal of Financial Economics, Volume 68, number 1, April 2003, pp. 3-46 (lead article).