Distinguished Professor Emeritus of Finance
Mark Grinblatt is the author of a textbook and about 50 research articles. The research covers a wide range of theoretical and empirical areas, including asset pricing, derivatives, performance evaluation, asymmetric information, security design, event studies, behavioral finance and household finance. He serves as an advisory editor to several journals, and as a member of both the executive committee and board of directors of the National Bureau of Economic Research.
How an Excess of Stock Analyst Optimism Lands on Companies Least Deserving of It
Results of financially weak firms are difficult to forecast; in uncertainty, Wall Street’s views are overly generous