User profiles for Sheridan Titman

Sheridan Titman

Professor of Finance, University of Texas
Verified email at mail.utexas.edu
Cited by 98544

Profitability of momentum strategies: An evaluation of alternative explanations

N Jegadeesh, S Titman - The Journal of finance, 2001 - Wiley Online Library
This paper evaluates various explanations for the profitability of momentum strategies
documented in Jegadeesh and Titman (1993) . The evidence indicates that momentum profits …

Returns to buying winners and selling losers: Implications for stock market efficiency

N Jegadeesh, S Titman - The Journal of finance, 1993 - Wiley Online Library
This paper documents that strategies which buy stocks that have performed well in the past
and sell stocks that have performed poorly in the past generate significant positive returns …

The determinants of capital structure choice

S Titman, R Wessels - The Journal of finance, 1988 - Wiley Online Library
This paper analyzes the explanatory power of some of the recent theories of optimal capital
structure. The study extends empirical work on capital structure theory in three ways. First, it …

[PDF][PDF] Momentum investment strategies, portfolio performance, and herding: A study of mutual fund behavior

M Grinblatt, S Titman, R Wermers - American Economic Review, 1995 - aeaweb.org
This study analyzes the extent to which mutual funds purchase stocks based on their past
returns as well as their tendency to exhibit" herding" behavior (ie, buying and selling the same …

Evidence on the characteristics of cross sectional variation in stock returns

K Daniel, S Titman - the Journal of Finance, 1997 - Wiley Online Library
Titman gratefully acknowledges research support from the John L. Collins, SJ Chair in …
Titman gratefully acknowledges research support from the John L. Collins, SJ Chair in …

Building the IPO order book: underpricing and participation limits with costly information

AE Sherman, S Titman - Journal of Financial economics, 2002 - Elsevier
We examine the book-building method for marketing IPOs. In our model, the underwriter
selects a group of investors along with a pricing and allocation mechanism to maximize (at …

Capital investments and stock returns

S Titman, KCJ Wei, F Xie - Journal of financial and Quantitative …, 2004 - cambridge.org
Firms that substantially increase capital investments subsequently achieve negative
benchmark-adjusted returns. The negative abnormal capital investment/return relation is shown to …

Measuring mutual fund performance with characteristic‐based benchmarks

K Daniel, M Grinblatt, S Titman… - The Journal of …, 1997 - Wiley Online Library
This article develops and applies new measures of portfolio performance which use
benchmarks based on the characteristics of stocks held by the portfolios that are evaluated. …

The debt-equity choice

A Hovakimian, T Opler, S Titman - Journal of Financial and …, 2001 - cambridge.org
When firms adjust their capital structures, they tend to move toward a target debt ratio that is
consistent with theories based on tradeoffs between the costs and benefits of debt. In …

The effect of capital structure on a firm's liquidation decision

S Titman - Journal of financial economics, 1984 - Elsevier
A firm's liquidation can impose costs on its customers, workers, and suppliers. An agency
relationship between these individuals and the firm exists in that the liquidation decision …