Narasimhan Jegadeesh is the Dean's Distinguished Chair in Finance at the Goizueta Business School. He has also been on the faculty at the University of Illinois at Urbana-Champaign and the University of California at Los Angeles. He has published extensively in the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies and other leading academic finance journals. His research has been discussed in several publications including Businessweek, The Economist, Forbes, Kiplinger's Personal Investments, Money, New York Times, and Smart Money.
Columbia University: PhD, Finance 1987
Indian Institute of Management: MBA, Postgraduate Diploma in Management 1980
Indian Institute of Technology: BTech, Mechanical Engineering 1978
Areas of Expertise (3)
Stock Market and Investments
Risk and Expected Returns of Private Equity Investments: Evidence Based on Market PricesThe Review of Financial Studies
2015 We estimate the risk and expected return of private equity using market prices of publicly traded funds of funds holding unlisted private equity funds and of publicly traded private equity funds participating directly in private equity transactions...
Word Power: A New Approach for Content AnalysisJournal of Financial Economics
2013 We present a new approach for content analysis to quantify document tone. We find a significant relation between our measure of the tone of 10-Ks and market reaction for both negative and positive words...
Buy-side trades and sell-side recommendations: Interactions and information contentJournal of Financial Markets
2012 We examine the performance of buy-side institutional investor trades and sell-side brokerage analyst stock recommendations, as well as their interactions...
Buyers Versus Sellers: Who Initiates Trades and When?SSRN Electronic Journal
2011 We study the relation between order imbalance and past returns and firm characteristics and test a number of hypothesis including the disposition effect, momentum and contrarian trading, tax-loss selling and flight-to-quality hypothesis...
MomentumSSRN Electronic Journal
2011 There is substantial evidence that indicates that stocks that perform the best (worst) over a three to 12 month period tend to continue to perform well (poorly) over the subsequent three to 12 months. This article reviews the momentum literature and discusses some of the explanations for this phenomenon...
In the News (8)
Wall Street’s Real Earnings Surprise
Companies surpassing both revenue and earnings estimates tend to outperform the market over time by more than companies beating on earnings alone.
Snapchat Will Be a Stock Market Dog
The negative outlook for Snap’s shares is notable not just because it’s a hot IPO, but also because Wall Street analysts are usually a pretty optimistic bunch.
Rising Anxiety That Stocks Are Overpriced
The New York Times online
There is much scholarly literature on momentum, starting in 1993 with a bombshell paper by Narasimhan Jegadeesh and Sheridan Titman...
Buffett Grabs Apple (AAPL); Can It Still Be a Momentum Stock?
Apple is looking like a long-term hold more than a momentum trade because it’s still reacting to earnings and there’s still very much up in the air.
Are You Ignoring This Predictive Stock Indicator?
Once of the most famous academic studies on RS was completed in 1993 by Narasimhan Jegadeesh and Sheridan Titman...
Lessons From a Hot Market
The Wall Street Journal online
Narasimhan Jegadeesh of Emory University and Sheridan Titman of the University of Texas at Austin, found in a 2011 paper that U.S. stocks that perform the best over a three-to-12-month period tend to continue on the same path over the following three to 12 months...
An ETF That Buys High and Sells Higher
Seeking Alpha online
Narasimhan Jegadeesh and Sheridan Titman are credited by academics for discovering momentum, though practitioners had been exploiting it for decades by the time the duo's study came out in 1993...
Swedroe: Why Momentum Is Struggling
Initial research on momentum, however, was published by Narasimhan Jegadeesh and Sheridan Titman, authors of the 1993 study “Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency,"...