Michael T. Cliff

Analysis Group

Vice President

800 17th St, N.W.

Suite 400

Washington, DC 20006

United States

SCHOLARLY PAPERS

10

DOWNLOADS
Rank 5,496

SSRN RANKINGS

Top 5,496

in Total Papers Downloads

9,366

SSRN CITATIONS
Rank 6,695

SSRN RANKINGS

Top 6,695

in Total Papers Citations

164

CROSSREF CITATIONS

29

Scholarly Papers (10)

1.

Return Differences between Trading and Non-Trading Hours: Like Night and Day

Number of pages: 48 Posted: 27 Mar 2008 Last Revised: 29 Sep 2008
Michael J. Cooper, Michael T. Cliff and Huseyin Gulen
University of Utah - David Eccles School of Business, Analysis Group and Purdue University - Krannert School of Management
Downloads 3,206 (4,223)
Citation 24

Abstract:

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anomalies, non-trading, market closure, weekend effect

2.

Investor Sentiment and the Near-Term Stock Market

Number of pages: 33 Posted: 13 Sep 2001
Michael T. Cliff and Gregory W. Brown
Analysis Group and University of North Carolina (UNC) at Chapel Hill - Finance Area
Downloads 1,761 (11,363)
Citation 71

Abstract:

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Behavioral finance, market efficiency

3.

Investor Sentiment and Asset Valuation

Number of pages: 39 Posted: 30 Nov 2001
Michael T. Cliff and Gregory W. Brown
Analysis Group and University of North Carolina (UNC) at Chapel Hill - Finance Area
Downloads 1,669 (12,363)
Citation 90

Abstract:

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4.

Do IPO Firms Purchase Analyst Coverage with Underpricing?

Number of pages: 42 Posted: 01 Apr 2003
Michael T. Cliff and David J. Denis
Analysis Group and University of Pittsburgh
Downloads 841 (34,394)
Citation 7

Abstract:

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IPOs, analyst coverage, underwriters

5.

Hedge Funds: The Good, the Bad, and the Lucky

Journal of Financial and Quantitative Analysis (JFQA), Vol. 52, No. 3, June 2017, pp. 1081-1109
Number of pages: 55 Posted: 24 Aug 2011 Last Revised: 18 Sep 2017
Yong Chen, Michael T. Cliff and Haibei Zhao
Texas A&M University - Department of Finance, Analysis Group and Lehigh University - College of Business
Downloads 656 (48,202)
Citation 10

Abstract:

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Hedge funds, mixture Normal distributions, performance evaluation, EM algorithm, performance persistence

6.

Do Independent Analysts Provide Superior Stock Recommendations?

Number of pages: 48 Posted: 08 Mar 2005
Michael T. Cliff
Analysis Group
Downloads 350 (103,313)
Citation 5

Abstract:

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Stock recommendations, analysts, banking conflicts

7.

Do Affiliated Analysts Mean What They Say?

Financial Management, Forthcoming
Number of pages: 39 Posted: 17 Dec 2006
Michael T. Cliff
Analysis Group
Downloads 277 (132,917)
Citation 1

Abstract:

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stock recommendations, conflict of interest, independent analysts

8.

Assessing Asset Pricing Model Misspecification with a Returns Decomposition

Number of pages: 48 Posted: 06 Dec 2001
Stéphane Chrétien and Michael T. Cliff
Université Laval and Analysis Group
Downloads 210 (174,306)
Citation 4

Abstract:

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asset pricing, idiosyncratic risk, model evaluation

Growth Options and Dynamic Risk: An Empirical Evaluation

Number of pages: 47 Posted: 17 Mar 2009 Last Revised: 30 Jul 2014
Gregory W. Brown and Michael T. Cliff
University of North Carolina (UNC) at Chapel Hill - Finance Area and Analysis Group
Downloads 117 (284,492)

Abstract:

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real options, growth, dynamic betas

Growth Options and Dynamic Risk: An Empirical Evaluation

Number of pages: 45 Posted: 03 Sep 2008
Gregory W. Brown and Michael T. Cliff
University of North Carolina (UNC) at Chapel Hill - Finance Area and Analysis Group
Downloads 91 (337,738)

Abstract:

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real options, growth, dynamic beta

10.

Asset Pricing Tests Under Price-Dividend Ratio Restrictions

Number of pages: 56 Posted: 19 Feb 2001
Michael T. Cliff
Analysis Group
Downloads 188 (192,942)

Abstract:

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