Charles M. Jones

Columbia Business School

Robert W. Lear Professor of Finance and Economics

3022 Broadway

Uris Hall Rm 101

New York, NY 10027

United States

http://https://www8.gsb.columbia.edu/cbs-directory/detail/cj88

SCHOLARLY PAPERS

36

DOWNLOADS
Rank 675

SSRN RANKINGS

Top 675

in Total Papers Downloads

41,780

SSRN CITATIONS
Rank 677

SSRN RANKINGS

Top 677

in Total Papers Citations

487

CROSSREF CITATIONS

1,094

Scholarly Papers (36)

1.

What Do We Know About High-Frequency Trading?

Columbia Business School Research Paper No. 13-11
Number of pages: 56 Posted: 21 Mar 2013
Charles M. Jones
Columbia Business School
Downloads 5,905 (1,524)
Citation 92

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algorithmic trading, automated markets, securities transaction tax

2.

Does Algorithmic Trading Improve Liquidity?

Journal of Finance, Vol. 66, pp. 1-33, WFA 2008 Paper
Number of pages: 54 Posted: 05 Mar 2008 Last Revised: 27 Jul 2011
University of California, Berkeley - Haas School of Business, Columbia Business School and Vrije Universiteit Amsterdam
Downloads 5,461 (1,719)
Citation 79

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3.

A Century of Stock Market Liquidity and Trading Costs

Number of pages: 48 Posted: 13 Sep 2002
Charles M. Jones
Columbia Business School
Downloads 4,557 (2,380)
Citation 211

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transaction costs, bid-ask spreads, time-varying expected returns, return predictability, systematic liquidity

4.

Tracking Retail Investor Activity

Journal of Finance, Forthcoming
Number of pages: 86 Posted: 13 Aug 2016 Last Revised: 03 Nov 2020
Singapore Management University - Lee Kong Chian School of Business, Columbia Business School, Tsinghua University - PBC School of Finance and Tsinghua University, PBC School of Finance, Students
Downloads 3,803 (3,255)
Citation 46

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retail investor, price improvements, return predictability

5.

Shackling Short Sellers: The 2008 Shorting Ban

Number of pages: 55 Posted: 02 Jun 2009 Last Revised: 01 Nov 2012
Ekkehart Boehmer, Charles M. Jones and Xiaoyan Zhang
Singapore Management University - Lee Kong Chian School of Business, Columbia Business School and Tsinghua University - PBC School of Finance
Downloads 3,233 (4,318)
Citation 61

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short selling, financial crisis, Section 12(k)(2)

6.

The Price of Diversifiable Risk in Venture Capital and Private Equity

AFA 2003 Washington, DC Meetings
Number of pages: 53 Posted: 30 Nov 2002 Last Revised: 05 Jun 2013
Michael Ewens, Charles M. Jones and Matthew Rhodes-Kropf
California Institute of Technology - Division of the Humanities and Social Sciences, Columbia Business School and Harvard Business School - Entrepreneurial Management Unit
Downloads 2,606 (6,195)
Citation 132

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Venture Capital, Idiosyncratic Risk, Principal-agent problem, Private Equity

7.
Downloads 2,128 ( 8,600)
Citation 252

Short Sale Constraints and Stock Returns

Number of pages: 56 Posted: 20 Sep 2001
Charles M. Jones and Owen A. Lamont
Columbia Business School and Harvard University - Department of Economics
Downloads 2,036 (9,084)
Citation 14

Abstract:

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mispricing, short selling, short-sale constraints, securities lending.

Short Sale Constraints and Stock Returns

NBER Working Paper No. w8494
Number of pages: 55 Posted: 29 Sep 2001 Last Revised: 19 Mar 2021
Charles M. Jones and Owen A. Lamont
Columbia Business School and Harvard University - Department of Economics
Downloads 92 (342,433)
Citation 50

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8.

Which Shorts are Informed?

AFA 2007 Chicago Meetings Paper
Number of pages: 48 Posted: 15 Mar 2006
Ekkehart Boehmer, Charles M. Jones and Xiaoyan Zhang
Singapore Management University - Lee Kong Chian School of Business, Columbia Business School and Tsinghua University - PBC School of Finance
Downloads 1,857 (10,745)
Citation 46

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short selling, return predictability, informed trading

9.

Time Variation in Liquidity: The Role of Market Maker Inventories and Revenues

Journal of Finance, Forthcoming
Number of pages: 59 Posted: 31 Dec 2008
UNSW Business School, University of California, Berkeley - Haas School of Business, Columbia Business School, Cornell University - SC Johnson College of Business and ASU WP Carey School of Business
Downloads 1,664 (12,822)
Citation 7

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Liquidity, Market-Makers

10.

Island Goes Dark: Transparency, Fragmentation, Liquidity Externalities, and Multimarket Regulation

Number of pages: 57 Posted: 06 Jun 2003
Terrence Hendershott and Charles M. Jones
University of California, Berkeley - Haas School of Business and Columbia Business School
Downloads 1,477 (15,487)
Citation 35

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Transparency, multi-market trading, liquidity, fragmentation, market microstructure

11.

Market Maker Revenues and Stock Market Liquidity

Number of pages: 40 Posted: 10 Sep 2007
UNSW Business School, University of California, Berkeley - Haas School of Business and Columbia Business School
Downloads 1,368 (17,440)
Citation 2

Abstract:

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financing constraints, time-varying liquidity

12.

What Do Short Sellers Know?

Review of Finance, Forthcoming
Number of pages: 48 Posted: 23 Dec 2012 Last Revised: 24 Sep 2019
Singapore Management University - Lee Kong Chian School of Business, Columbia Business School, University of Nebraska - Lincoln and Tsinghua University - PBC School of Finance
Downloads 1,186 (21,595)
Citation 11

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short selling, firm fundamentals news, private information, return decomposition, analysts

13.

Order Consolidation, Price Efficiency, and Extreme Liquidity Shocks

Simon School, University of Rochester, Research Paper
Number of pages: 44 Posted: 12 Nov 2003
University of Rochester - Simon School (Deceased), University of California, Berkeley - Haas School of Business and Columbia Business School
Downloads 1,084 (24,630)
Citation 21

Abstract:

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Market structure, price discovery, price efficiency, volatility, liquidity

14.

The Rise of Reddit: How Social Media Affects Retail Investors and Short-sellers’ Roles in Price Discovery

Number of pages: 49 Posted: 02 Apr 2021
Danqi Hu, Charles M. Jones, Valerie Zhang and Xiaoyan Zhang
Northwestern University - Kellogg School of Management, Columbia Business School, Northwestern University and Tsinghua University - PBC School of Finance
Downloads 649 (50,090)
Citation 1

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social media, short selling, intraday trading, retail investors

15.

Revealing Shorts: An Examination of Large Short Position Disclosures

AFA 2013 San Diego Meetings Paper
Number of pages: 63 Posted: 16 Aug 2011 Last Revised: 04 Mar 2015
Charles M. Jones, Adam V. Reed and William Waller
Columbia Business School, University of North Carolina Kenan-Flagler Business School and Tulane University - Finance & Economics
Downloads 612 (54,141)
Citation 25

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short sales, short interest, securities lending, secondary equity offering

16.

A Solution to the Palm - 3Com Spin-Off Puzzles

Columbia Business School Research Paper No. 12/52
Number of pages: 24 Posted: 05 Sep 2012 Last Revised: 04 Sep 2013
Martin Cherkes, Charles M. Jones and Chester S. Spatt
NYU, Columbia Business School and Carnegie Mellon University - David A. Tepper School of Business
Downloads 545 (62,605)
Citation 2

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17.

Shorting at Close Range: A Tale of Two Types

Journal of Financial Economics (JFE), Forthcoming, AFA 2012 Chicago Meetings Paper, Columbia Business School Research Paper No. 12/22
Number of pages: 50 Posted: 21 Mar 2011 Last Revised: 26 Jun 2015
UNSW Business School, Columbia Business School and University of Technology Sydney (UTS)
Downloads 529 (64,915)
Citation 7

Abstract:

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short selling, information content, market quality, high-frequency trading

18.

Heterogeneity in Retail Investors: Evidence from Comprehensive Account-Level Trading and Holdings Data

Number of pages: 87 Posted: 28 Jan 2021
Charles M. Jones, Donghui Shi, Xiaoyan Zhang and Xinran Zhang
Columbia Business School, Shanghai Stock Exchange, Tsinghua University - PBC School of Finance and Tsinghua University, PBC School of Finance, Students
Downloads 495 (70,573)

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Retail investors, Chinese stock market, Return predictability, Gain and loss

19.

Potential Pilot Problems: Treatment Spillovers in Financial Regulatory Experiments

Columbia Business School Research Paper No. 15-67
Number of pages: 55 Posted: 24 Jun 2015 Last Revised: 25 Sep 2018
Ekkehart Boehmer, Charles M. Jones and Xiaoyan Zhang
Singapore Management University - Lee Kong Chian School of Business, Columbia Business School and Tsinghua University - PBC School of Finance
Downloads 449 (79,409)
Citation 15

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interference, short sales, short interest, tick test, Regulation SHO

20.

When Brokerages Restrict Retail Investors, Does the Game Stop?

Number of pages: 68 Posted: 17 Mar 2021 Last Revised: 01 Jul 2021
Charles M. Jones, Adam V. Reed and William Waller
Columbia Business School, University of North Carolina Kenan-Flagler Business School and Tulane University - Finance & Economics
Downloads 386 (94,672)
Citation 1

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GameStop, retail investors, trading restrictions, abnormal returns, equity and options bid-ask spreads, open interest, implied volatilities, realized volatilities

21.

Price Impacts and Quote Adjustment on the NASDAQ and Nyse/Amex

Paine Webber Working Paper No. 99-08
Number of pages: 36 Posted: 07 Oct 1999
Charles M. Jones and Marc L. Lipson
Columbia Business School and University of Virginia - Darden School of Business
Downloads 377 (97,283)
Citation 14

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22.

Do Stock Prices Really Reflect Fundamental Values? The Case of Reits

NBER Working Paper No. w10850
Number of pages: 39 Posted: 27 Oct 2004 Last Revised: 24 Feb 2021
William M. Gentry, Charles M. Jones and Christopher J. Mayer
Williams College - Department of Economics, Columbia Business School and Columbia Business School - Finance and Economics
Downloads 286 (131,597)

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23.
Downloads 277 (136,063)
Citation 8

Execution Costs of Institutional Equity Orders

Paine Webber Working Paper No. 99-01
Number of pages: 28 Posted: 07 Oct 1999
Charles M. Jones and Marc L. Lipson
Columbia Business School and University of Virginia - Darden School of Business
Downloads 277 (135,397)
Citation 8

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Execution Costs of Institutional Equity Orders

Posted: 01 Nov 1999
Charles M. Jones and Marc L. Lipson
Columbia Business School and University of Virginia - Darden School of Business

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24.

Sixteenths: Direct Evidence on Institutional Execution Costs

Paine Webber Working Paper No. 99-03
Number of pages: 35 Posted: 07 Oct 1999
Charles M. Jones and Marc L. Lipson
Columbia Business School and University of Virginia - Darden School of Business
Downloads 241 (156,354)
Citation 14

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25.

When Do Informed Short Sellers Trade? Evidence from Intraday Data and Implications for Informed Trading Models

Number of pages: 52 Posted: 18 Feb 2021 Last Revised: 18 Jun 2021
Danqi Hu, Charles M. Jones and Xiaoyan Zhang
Northwestern University - Kellogg School of Management, Columbia Business School and Tsinghua University - PBC School of Finance
Downloads 186 (199,152)
Citation 1

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short selling, intraday trading, information content, off-exchange trading, dynamic informed trading models, institutional investors, retail investors

26.

Implementation Shortfall with Transitory Price Effects

Appeared in David Easley, Marcos López de Prado, and Maureen O'Hara, 2013, editors, "High-Frequency Trading: New Realities for Traders, Markets and Regulators.", Columbia Business School Research Paper No. 18-31
Number of pages: 24 Posted: 13 Mar 2018
University of California, Berkeley - Haas School of Business, Columbia Business School and Vrije Universiteit Amsterdam
Downloads 179 (205,988)
Citation 5

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Implementation shortfall, volatility decomposition, institutional investor

Estimating and Simulating a Sird Model of Covid-19 for Many Countries, States, and Cities

CEPR Discussion Paper No. DP14711
Number of pages: 47 Posted: 08 May 2020
Jesús Fernández-Villaverde and Charles M. Jones
University of Pennsylvania - Department of Economics and Columbia Business School
Downloads 2 (800,428)
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COVID-19, estimation, SIRD model

28.

Time Variation in Liquidity: The Role of Market-Maker Inventories and Revenues

Journal of Finance, Vol. 65, No. 1, pp. 295-331, 2010
Number of pages: 59 Posted: 26 Oct 2011 Last Revised: 03 Dec 2012
UNSW Business School, University of California, Berkeley - Haas School of Business, Columbia Business School, Cornell University - SC Johnson College of Business and ASU WP Carey School of Business
Downloads 99 (324,187)
Citation 19

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29.

Trading Transparency: At What Speed and Cost?

Number of pages: 11 Posted: 12 Dec 2019
Charles M. Jones and Annalyn Kurtz
Columbia Business School and affiliation not provided to SSRN
Downloads 86 (354,223)

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market microstructure, post-trade transparency, pre-trade transparency, clearing and settlement

Macroeconomic Outcomes and COVID-19: A Progress Report

CEPR Discussion Paper No. DP15393
Number of pages: 44 Posted: 03 Nov 2020
Jesús Fernández-Villaverde and Charles M. Jones
University of Pennsylvania - Department of Economics and Columbia Business School
Downloads 0
Citation 3
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COVID-19, Macroeconomic outcomes, Mobility Reports, Mortality

31.

Public Information and the Persistence of Bond Market Volatility

NBER Working Paper No. w5446
Number of pages: 28 Posted: 13 Jul 2000 Last Revised: 21 Mar 2008
Charles M. Jones, Owen A. Lamont and Robin L. Lumsdaine
Columbia Business School, Harvard University - Department of Economics and American University - Department of Finance and Real Estate
Downloads 47 (481,197)
Citation 2

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32.

Shorting Restrictions: Revisiting the 1930s

Financial Review, Vol. 47, Issue 1, pp. 1-35, 2012
Number of pages: 35 Posted: 05 Jan 2012
Charles M. Jones
Columbia Business School
Downloads 6 (733,186)
Citation 6
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short sales, securities lending, uptick rule, tick test, shorting ban, Great Depression

33.

Transactions, Volume and Volatility

Posted: 03 May 2000
Charles M. Jones, Gautam Kaul and Marc L. Lipson
Columbia Business School, University of Michigan, Stephen M. Ross School of Business and University of Virginia - Darden School of Business

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34.

Continuations, Reversals, and Adverse Selection on the NASDAQ and Nyse/Amex

Posted: 03 Nov 1998
Charles M. Jones and Marc L. Lipson
Columbia Business School and University of Virginia - Darden School of Business

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35.

Transaction Costs and Price Volatility: Evidence from Commission Deregulation

Posted: 10 Oct 1998
Charles M. Jones and Paul J. Seguin
Columbia Business School and University of Minnesota - Twin Cities - Carlson School of Management

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36.

Oil and the Stock Markets

J. OF FINANCE, Vol. 51 No. 2, June 1996
Posted: 10 Oct 1996
Charles M. Jones and Gautam Kaul
Columbia Business School and University of Michigan, Stephen M. Ross School of Business

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