Hendrik Bessembinder

  • Professor & Labriola Chair, Finance
  • 2872 Citations
  • 26 h-Index
19912015

Research Output 1991 2015

  • 2872 Citations
  • 26 h-Index
  • 34 Article
2015
3 Citations

Market Making Contracts, Firm Value, and the IPO Decision

Bessembinder, H., Hao, J. & Zheng, K. Oct 1 2015 In : Journal of Finance. 70, 5, p. 1997-2028 32 p.

Research output: Research - peer-reviewArticle

Market making
Secondary market
Firm value
Liquidity
Market makers
4 Citations

Predictable corporate distributions and stock returns

Bessembinder, H. & Zhang, F. 2015 In : Review of Financial Studies. 28, 4, p. 1199-1241 43 p.

Research output: Research - peer-reviewArticle

Stock returns
Announcement
Dividends
Stock splits
Seasonality
2014
2 Citations

Liquidity, resiliency and market quality around predictable trades: Theory and evidence

Bessembinder, H., Carrion, A., Tuttle, L. & Venkataraman, K. Nov 6 2014 (Accepted/In press) In : Journal of Financial Economics.

Research output: Research - peer-reviewArticle

Liquidity
Traders
Resiliency
Trade theory
Market quality
2013
17 Citations

Firm characteristics and long-run stock returns after corporate events

Bessembinder, H. & Zhang, F. Jul 2013 In : Journal of Financial Economics. 109, 1, p. 83-102 20 p.

Research output: Research - peer-reviewArticle

Stock returns
Firm characteristics
Liquidity
Mergers
Momentum
38 Citations

Noisy prices and inference regarding returns

Asparouhova, E., Bessembinder, H. & Kalcheva, I. Apr 2013 In : Journal of Finance. 68, 2, p. 665-714 50 p.

Research output: Research - peer-reviewArticle

Inference
Economics
Firm size
Deviation
Firm characteristics
4 Citations

Trading activity and transaction costs in structured credit products

Bessembinder, H., Maxwell, W. F. & Venkataraman, K. Nov 2013 In : Financial Analysts Journal. 69, 6, p. 55-67 13 p.

Research output: Research - peer-reviewArticle

Transaction costs
Trading activity
Credit
Retail
Trade size
2010
61 Citations

Liquidity biases in asset pricing tests

Asparouhova, E., Bessembinder, H. & Kalcheva, I. May 2010 In : Journal of Financial Economics. 96, 2, p. 215-237 23 p.

Research output: Research - peer-reviewArticle

Liquidity
Asset pricing
Illiquidity
Premium
Security price
2009
35 Citations

Hidden liquidity: An analysis of order exposure strategies in electronic stock markets

Bessembinder, H., Panayides, M. & Venkataraman, K. Dec 2009 In : Journal of Financial Economics. 94, 3, p. 361-383 23 p.

Research output: Research - peer-reviewArticle

Liquidity
Order size
Traders
Stock market
Stock exchange
91 Citations

Measuring abnormal bond performance

Bessembinder, H., Kahle, K. M., Maxwell, W. F. & Xu, D. Oct 2009 In : Review of Financial Studies. 22, 10, p. 4219-4258 40 p.

Research output: Research - peer-reviewArticle

Bond returns
Test statistic
Abnormal returns
Mergers and acquisitions
Event study
2008
48 Citations

Markets: Transparency and the corporate bond market

Bessembinder, H. & Maxwell, W. Mar 2008 In : Journal of Economic Perspectives. 22, 2, p. 217-234 18 p.

Research output: Research - peer-reviewArticle

2006
7 Citations

Gains from trade under uncertainty: The case of electric power markets

Bessembinder, H. & Lemmon, M. L. Jul 2006 In : Journal of Business. 79, 4, p. 1755-1782 28 p.

Research output: Research - peer-reviewArticle

Uncertainty
Trade
Demand
Market
Gains from trade
111 Citations

Market transparency, liquidity externalities, and institutional trading costs in corporate bonds

Bessembinder, H., Maxwell, W. & Venkataraman, K. Nov 2006 In : Journal of Financial Economics. 82, 2, p. 251-288 38 p.

Research output: Research - peer-reviewArticle

Liquidity
Trading costs
Market transparency
Corporate bonds
Externalities
2004
46 Citations

Does an electronic stock exchange need an upstairs market?

Bessembinder, H. & Venkataraman, K. Jul 2004 In : Journal of Financial Economics. 73, 1, p. 3-36 34 p.

Research output: Research - peer-reviewArticle

Liquidity
Stock exchange
Prediction
Broker
Execution costs
2003
133 Citations

Issues in assessing trade execution costs

Bessembinder, H. May 2003 In : Journal of Financial Markets. 6, 3, p. 233-257 25 p.

Research output: Research - peer-reviewArticle

Execution costs
Trading costs
Nasdaq
Seller
Buyers
61 Citations

Quote-based competition and trade execution costs in NYSE-listed stocks

Bessembinder, H. Dec 2003 In : Journal of Financial Economics. 70, 3, p. 385-422 38 p.

Research output: Research - peer-reviewArticle

Execution costs
New York Stock Exchange
Liquidity
Routing
Capitalization
155 Citations

Trade Execution Costs and Market Quality after Decimalization

Bessembinder, H. Dec 2003 In : Journal of Financial and Quantitative Analysis. 38, 4, p. 747-777 31 p.

Research output: Research - peer-reviewArticle

Market quality
Decimalization
Execution costs
Nasdaq
New York Stock Exchange
2002
270 Citations

Equilibrium pricing and optimal hedging in electricity forward markets

Bessembinder, H. & Lemmon, M. L. Jun 2002 In : Journal of Finance. 57, 3, p. 1347-1382 36 p.

Research output: Research - peer-reviewArticle

Equilibrium pricing
Forward markets
Electricity
Hedging
Derivatives
2000
32 Citations
Liquidity
Nasdaq
Tick size
Market makers
Stock market
1999
124 Citations

Trade execution costs on NASDAQ and the NYSE: A post-reform comparison

Bessembinder, H. Sep 1999 In : Journal of Financial and Quantitative Analysis. 34, 3, p. 387-407 21 p.

Research output: Research - peer-reviewArticle

New York Stock Exchange
Execution costs
Cross-sectional regression
Tick size
Regression analysis
1998
124 Citations

Market efficiency and the returns to technical analysis

Bessembinder, H. & Chan, K. Jun 1998 In : Financial Management. 27, 2, p. 5-17 13 p.

Research output: Research - peer-reviewArticle

Market efficiency
Technical analysis
Trading costs
Non-synchronous trading
Equity
2 Citations

Trading costs and volatility for technology stocks

Bessembinder, H. & Kaufman, H. M. Sep 1998 In : Financial Analysts Journal. 54, 5, p. 64-71 8 p.

Research output: Research - peer-reviewArticle

Trading costs
Nasdaq
New York Stock Exchange
Bid
Median
1997
150 Citations

A comparison of trade execution costs for NYSE and NASDAQ-listed stocks

Bessembinder, H. & Kaufman, H. M. Sep 1997 In : Journal of Financial and Quantitative Analysis. 32, 3, p. 287-310 24 p.

Research output: Research - peer-reviewArticle

Capitalization
Execution costs
New York Stock Exchange
Trading costs
Stock market
110 Citations

A cross-exchange comparison of execution costs and information flow for NYSE-listed stocks

Bessembinder, H. & Kaufman, H. M. Dec 1997 In : Journal of Financial Economics. 46, 3, p. 293-319 27 p.

Research output: Research - peer-reviewArticle

Information flow
Execution costs
New York Stock Exchange
Bid/ask spread
Market makers
44 Citations

The degree of price resolution and equity trading costs

Bessembinder, H. Jul 1997 In : Journal of Financial Economics. 45, 1, p. 9-34 26 p.

Research output: Research - peer-reviewArticle

Trading costs
Execution costs
Equity
Nasdaq
New York Stock Exchange
1996
101 Citations

An empirical examination of information, differences of opinion, and trading activity

Bessembinder, H., Chan, K. & Seguin, P. J. Jan 1996 In : Journal of Financial Economics. 40, 1, p. 105-134 30 p.

Research output: Research - peer-reviewArticle

Trading activity
Open interest
Divergence
Information flow
Equity
39 Citations

Is there a term structure of futures volatilities? Reevaluating the Samuelson hypothesis

Bessembinder, H., Coughenour, J. F., Seguin, P. J. & Smoller, M. M. Dec 1 1996 In : Journal of Derivatives. 4, 2, p. 45-58 14 p.

Research output: Research - peer-reviewArticle

Term structure
Price changes
Clustering
Derivatives
Prediction
1995
153 Citations

Mean Reversion in Equilibrium Asset Prices: Evidence from the Futures Term Structure

BESSEMBINDER, H. E. N. D. R. I. K., COUGHENOUR, J. A. Y. F., SEGUIN, P. A. U. L. J. & SMOLLER, M. A. R. G. A. R. E. T. M. O. N. R. O. E. 1995 In : Journal of Finance. 50, 1, p. 361-375 15 p.

Research output: Research - peer-reviewArticle

Mean reversion
Asset prices
Term structure
Investors
Financial assets
137 Citations

The profitability of technical trading rules in the Asian stock markets

Bessembinder, H. & Chan, K. 1995 In : Pacific-Basin Finance Journal. 3, 2-3, p. 257-284 28 p.

Research output: Research - peer-reviewArticle

Asian stock markets
Technical trading rules
Profitability
Asia
Malaysia
1994
89 Citations

Bid-ask spreads in the interbank foreign exchange markets

Bessembinder, H. 1994 In : Journal of Financial Economics. 35, 3, p. 317-348 32 p.

Research output: Research - peer-reviewArticle

Foreign exchange market
Currency
Costs
Bid/ask spread
Liquidity
1993
19 Citations

An empirical analysis of risk premia in futures markets

Bessembinder, H. 1993 In : Journal of Futures Markets. 13, 6, p. 611-630 20 p.

Research output: Research - peer-reviewArticle

268 Citations

Price Volatility, Trading Volume, and Market Depth: Evidence from Futures Markets

Bessembinder, H. & Seguin, P. J. 1993 In : Journal of Financial and Quantitative Analysis. 28, 1, p. 21-39 19 p.

Research output: Research - peer-reviewArticle

Price volatility
Market depth
Trading volume
Futures markets
Open interest
1992
173 Citations

Futures‐Trading Activity and Stock Price Volatility

BESSEMBINDER, H. E. N. D. R. I. K. & SEGUIN, P. A. U. L. J. 1992 In : Journal of Finance. 47, 5, p. 2015-2034 20 p.

Research output: Research - peer-reviewArticle

Stock price volatility
Futures trading
Trading activity
Equity
Life cycle
78 Citations

Time-varying risk premia and forecastable returns in futures markets

Bessembinder, H. & Chan, K. 1992 In : Journal of Financial Economics. 32, 2, p. 169-193 25 p.

Research output: Research - peer-reviewArticle

Time-varying risk
Risk premia
Equity
Futures markets
Latent variables
1991
143 Citations
Investment incentives
Firm value
Hedging
Forward contracts
Incremental