Mark SEASHOLES   Professor   Email: MARK.SEASHOLES "at" ust.hk PhD MA BA 2000 1997 1990 Harvard University, Business Economics Harvard University, Business Economics Wesleyan University, Physics  Personal Home Page (http://www.seasholes.com/)

2011	Professor, Department of Finance, Hong Kong University of Science and Technology
2008 - June 2011	Associate Professor, Department of Finance, Hong Kong University of Science and Technology
2007 - 2008	Visiting at LBS Visiting at INSEAD Visiting at University of Grenoble Santa Clara University
Fall 2004	Visiting at Northwestern University Kellogg
2000 - 2007	U.C. Berkeley, Haas School, Berkeley, CA

PUBLICATIONS

Published & Forthcoming Papers:

• "Risk and the Cross-Section of Stock Returns" (with R. Burlacu, P. Fontaine, and S. Jimenez-Garces) 2011. Accepted Journal of Financial Economics
   

• "Trading Imbalances and the Law of One Price" (with C. Liu) 2011. Economics Letters, 112, 132-134.
   

• "Individual Investors and Local Bias" (with Ning Zhu) 2010.  Journal of Finance, 65(5) October, 1987-2011.
   

• "Time-Variation in Liquidity: The Role of Market Maker Inventories and Revenues” (with Comerton-Forde, Hendershott, Jones, and Moulton) 2008. Forthcoming Journal of Finance, February 2010.  FMA Best Paper Award in Market Microstructure 2007 
   

• “Trading Imbalances, Predictable Reversals, Cross-Stock Price Pressure” (w/ Andrade & Chang) 2008, Journal of Financial Economics, 88(2) May, 406-423.
   

• “Market Maker Inventories and Stock Prices” (with Terrence Hendershott) 2007, American Economic Review Papers and Proceedings, 97 (2), May, 210-214.
   

• “Firm-Specific Attributes and the Cross-Section of Momentum” (with Jacob Sagi) 2007, Journal of Financial Economics, 84 (2) May, 389-434.
   

• “Predictable Behavior, Profits, and Attention” (with Guojun Wu) 2007, Journal of Empirical Finance, 14 (5), December, 590-610. Lead Article in Issue.
   

• “Individual Investors and Gender Similarities in an Emerging Stock Market.” (with Lei Feng) 2008, Pacific Basin Finance Journal, 16 (1-2), 44-60.
   

• “Do Investor Sophistication and Trading Experience Eliminate Behavioral Biases in Financial Markets?” (with Lei Feng) 2005, Review of Finance, September, 1-47. Lead Article in Issue. Winner of 2006 GSAM Quant Best Paper Prize for best paper in the Review of Finance.
   

• “Correlated Trading and Location,” (with Lei Feng) 2004, Journal of Finance, LIX, 5, Oct., 2117-2144 Nominated for Smith-Breeden Prize.
   

• “Bailing-In,” (with Matthew McBrady) 2004, Journal of Restructuring Finance, 1, 1, 49-78. Inaugural Issue of Journal. Global Finance Conference Best Paper Prize April 2001.
   

• “The Portfolio Flows of International Investors,”(with Ken Froot and Paul O'Connell) 2001, Journal of Financial Economics, 59, 151-193. Lead Article in Issue.
   

Book Chapter:

• "Social Interactions and Investing," in H. Kent Baker and John Nofsinger (eds.) Behavioral Finance. Hoboken, NJ: John Wiley & Sons, Inc., forthcoming 2010.
   

Working Papers:

• “Market Predictability and Non-Informational Imbalances” (with Terrance Hendershott) 2009.
   

• “Information and the Dispersion of Cross-Border Holdings” (with Covrig, Jimenez-Garces, and Fontaine) 2009.
   

• “Information, Noise, and the Cross-Section of Stock Returns” (with Burlacu, Jimenez-Garces, and Fontaine) 2008.