Kelly Shue

Yale School of Management

135 Prospect Street

P.O. Box 208200

New Haven, CT 06520-8200

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

17

DOWNLOADS
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SSRN RANKINGS

Top 2,301

in Total Papers Downloads

19,065

SSRN CITATIONS
Rank 2,295

SSRN RANKINGS

Top 2,295

in Total Papers Citations

304

CROSSREF CITATIONS

271

Scholarly Papers (17)

1.

Do Managers Do Good with Other Peoples' Money?

AFA 2013 San Diego Meetings Paper, UCD & CalPERS Sustainability & Finance Symposium 2013, Fama-Miller Working Paper, Chicago Booth Research Paper No. 12-47
Number of pages: 49 Posted: 20 Nov 2011 Last Revised: 07 Oct 2020
University of Toronto - Rotman School of Management, Columbia University, Graduate School of Arts and Sciences, Department of Economics and Yale School of Management
Downloads 3,187 (4,682)
Citation 19

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ESG, CSR, agency costs

2.

Screening in New Credit Markets: Can Individual Lenders Infer Borrower Creditworthiness in Peer-to-Peer Lending?

AFA 2011 Denver Meetings Paper
Number of pages: 42 Posted: 15 Mar 2010
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Harvard University - Harvard Kennedy School (HKS), Dartmouth College and Yale School of Management
Downloads 2,510 (6,943)
Citation 74

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Peer-to-peer credit markets, Market-based Lending, Screening, Market Inference, Information and Hierarchies.

A Tough Act to Follow: Contrast Effects in Financial Markets

Number of pages: 61 Posted: 03 Jun 2015 Last Revised: 22 Mar 2018
Samuel M. Hartzmark and Kelly Shue
University of Chicago - Booth School of Business and Yale School of Management
Downloads 1,992 (9,887)
Citation 1

Abstract:

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contrast effects, behavioral economics, relative thinking, financial markets

A Tough Act to Follow: Contrast Effects in Financial Markets

Number of pages: 62 Posted: 02 Oct 2017 Last Revised: 07 Oct 2021
Samuel M. Hartzmark and Kelly Shue
University of Chicago - Booth School of Business and Yale School of Management
Downloads 22 (655,418)
Citation 14

Abstract:

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Decision-Making Under the Gambler's Fallacy: Evidence from Asylum Judges, Loan Officers, and Baseball Umpires

Quarterly Journal of Economics, Vol. 131, No. 3, Pages 1181-1241, 2016
Number of pages: 60 Posted: 15 Dec 2014 Last Revised: 16 Dec 2020
Directeur de Recherche, Centre National de la Recherche Scientifique, Toulouse School of Economics, Institute for Advanced Study in Toulouse, University of Toulouse Capitole, Toulouse, France, Yale University, Yale SOMAQR Capital and Yale School of Management
Downloads 1,871 (10,958)
Citation 6

Abstract:

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gambler's fallacy, law of small numbers, decision-making

Decision-Making Under the Gambler&Apos;S Fallacy: Evidence from Asylum Judges, Loan Officers, and Baseball Umpires

Number of pages: 61 Posted: 01 Mar 2016 Last Revised: 08 Sep 2021
Directeur de Recherche, Centre National de la Recherche Scientifique, Toulouse School of Economics, Institute for Advanced Study in Toulouse, University of Toulouse Capitole, Toulouse, France, Yale University, Yale SOMAQR Capital and Yale School of Management
Downloads 99 (338,189)
Citation 14

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Decision-Making Under the Gambler's Fallacy: Evidence from Asylum Judges, Loan Officers, and Baseball Umpires

Quarterly Journal of Economics, 131(3): 1181-1241, 2016
Posted: 22 Jun 2015 Last Revised: 20 Apr 2020
Directeur de Recherche, Centre National de la Recherche Scientifique, Toulouse School of Economics, Institute for Advanced Study in Toulouse, University of Toulouse Capitole, Toulouse, France, Yale University, Yale SOMAQR Capital and Yale School of Management

Abstract:

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gambler's fallacy, law of small numbers, decision-making

5.
Downloads 1,717 ( 12,800)
Citation 44

How Do Quasi-Random Option Grants Affect CEO Risk-Taking?

Journal of Finance, Forthcoming, Chicago Booth Research Paper No. 13-03, Fama-Miller Working Paper
Number of pages: 52 Posted: 06 Feb 2013 Last Revised: 11 Jan 2017
Kelly Shue and Richard R. Townsend
Yale School of Management and University of California, San Diego (UCSD) - Rady School of Management
Downloads 1,703 (12,746)
Citation 21

Abstract:

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Executive compensation, Incentives, Risk-taking, Pay-for-performance

How Do Quasi-Random Option Grants Affect CEO Risk-Taking?

Number of pages: 53 Posted: 30 Jan 2017 Last Revised: 06 Aug 2021
Kelly Shue and Richard Townsend
Yale School of Management and University of California, San Diego (UCSD) - Rady School of Management
Downloads 14 (719,453)
Citation 11

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6.
Downloads 1,613 ( 14,125)
Citation 12

Promotions and the Peter Principle

Quarterly Journal of Economics, Forthcoming
Number of pages: 44 Posted: 04 Oct 2017 Last Revised: 03 Aug 2019
Alan Benson, Danielle Li and Kelly Shue
University of Minnesota - Twin Cities - Carlson School of Management, Massachusetts Institute of Technology (MIT) and Yale School of Management
Downloads 1,322 (18,839)
Citation 8

Abstract:

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Peter Principle, Incentives, Promotions, Managers, Tournament Theory

Promotions and the Peter Principle

Number of pages: 56 Posted: 21 Feb 2018 Last Revised: 09 Oct 2021
Alan Benson, Danielle Li and Kelly Shue
University of Minnesota - Twin Cities - Carlson School of Management, Massachusetts Institute of Technology (MIT) and Yale School of Management
Downloads 291 (133,514)
Citation 4

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7.
Downloads 1,588 ( 14,469)
Citation 21

No News Is News: Do Markets Underreact to Nothing?

Chicago Booth Research Paper No. 12-41, Midwest Finance Association 2013 Annual Meeting Paper, Fama-Miller Working Paper
Number of pages: 73 Posted: 01 Sep 2012 Last Revised: 11 Sep 2014
Stefano Giglio and Kelly Shue
Yale School of Management and Yale School of Management
Downloads 1,568 (14,510)

Abstract:

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limited attention, no news, underreaction, merger arbitrage, hazard rates

No News is News: Do Markets Underreact to Nothing?

Number of pages: 64 Posted: 22 Mar 2013 Last Revised: 06 Sep 2021
Stefano Giglio and Kelly Shue
Yale School of Management and Yale School of Management
Downloads 20 (670,892)
Citation 7

Abstract:

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Can the Market Multiply and Divide? Non-Proportional Thinking in Financial Markets

9th Miami Behavioral Finance Conference 2018, Yale ICF Working Paper No. 2018-08
Number of pages: 68 Posted: 26 Mar 2018 Last Revised: 02 Aug 2019
Kelly Shue and Richard Townsend
Yale School of Management and University of California, San Diego (UCSD) - Rady School of Management
Downloads 1,121 (24,133)

Abstract:

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Non-Proportional Thinking, Nominal Prices, Leverage Effect, Volatility, Underreaction, Overreaction

Can the Market Multiply and Divide? Non-Proportional Thinking in Financial Markets

Number of pages: 69 Posted: 15 Apr 2019 Last Revised: 19 Nov 2021
Kelly Shue and Richard Townsend
Yale School of Management and University of California, San Diego (UCSD) - Rady School of Management
Downloads 34 (580,091)
Citation 2

Abstract:

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9.

Executive Networks and Firm Policies: Evidence from the Random Assignment of MBA Peers

Chicago Booth Research Paper No. 11-46, Fama-Miller Working Paper
Number of pages: 62 Posted: 15 Dec 2011 Last Revised: 30 Jan 2013
Kelly Shue
Yale School of Management
Downloads 1,063 (26,471)
Citation 72

Abstract:

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Networks, Peer Effects, Executive Compensation, M&A

10.

Growth Through Rigidity: An Explanation for the Rise in CEO Pay

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 52 Posted: 15 Apr 2014 Last Revised: 22 Mar 2016
Kelly Shue and Richard R. Townsend
Yale School of Management and University of California, San Diego (UCSD) - Rady School of Management
Downloads 887 (34,195)
Citation 1

Abstract:

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money illusion, executive compensation, CEOs, rigidity

11.
Downloads 727 ( 44,923)
Citation 3

Leverage-Induced Fire Sales and Stock Market Crashes

Number of pages: 67 Posted: 04 Oct 2017
Jiangze Bian, Zhiguo He, Kelly Shue and Hao Zhou
University of International Business and Economics (UIBE), University of Chicago - Finance, Yale School of Management and SUSTech Business School
Downloads 620 (54,762)
Citation 2

Abstract:

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Fire Sales, Leverage, Financial Crisis, Margin Trading, Shadow Financing

Leverage-Induced Fire Sales and Stock Market Crashes

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2019-28, Yale ICF Working Paper No. 2019-07
Number of pages: 72 Posted: 04 Mar 2019
Jiangze Bian, Zhiguo He, Kelly Shue and Hao Zhou
University of International Business and Economics (UIBE), University of Chicago - Finance, Yale School of Management and SUSTech Business School
Downloads 78 (392,684)
Citation 1

Abstract:

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Leverage-Induced Fire Sales and Stock Market Crashes

Number of pages: 72 Posted: 17 Sep 2018 Last Revised: 03 Jun 2021
Jiangze Bian, Zhiguo He, Kelly Shue and Hao Zhou
University of International Business and Economics (UIBE), University of Chicago - Finance, Yale School of Management and SUSTech Business School
Downloads 29 (604,905)
Citation 1

Abstract:

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12.
Downloads 155 (241,253)
Citation 2

Margin Trading and Leverage Management

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2021-29
Number of pages: 74 Posted: 11 Mar 2021
University of International Business and Economics (UIBE), University of Notre Dame - Mendoza College of Business, University of Chicago - Finance, London School of Economics & Political Science (LSE), Yale School of Management and SUSTech Business School
Downloads 121 (293,822)
Citation 2

Abstract:

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margin trading, leverage management, liquidation policy, contagion

Margin Trading and Leverage Management

Number of pages: 74 Posted: 22 Mar 2021
University of International Business and Economics (UIBE), University of Notre Dame - Mendoza College of Business, University of Chicago - Finance, London School of Economics & Political Science (LSE), Yale School of Management and SUSTech Business School
Downloads 34 (574,198)

Abstract:

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margin trading, leverage management, liquidation policy, contagion

13.
Downloads 137 (266,567)
Citation 2

The Gender Gap in Housing Returns

Number of pages: 71 Posted: 17 Apr 2020
Paul S. Goldsmith-Pinkham and Kelly Shue
Yale School of Management and Yale School of Management
Downloads 129 (280,061)

Abstract:

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gender gap, housing, wealth accumulation, negotiation

The Gender Gap in Housing Returns

Number of pages: 72 Posted: 30 Mar 2020 Last Revised: 18 Nov 2021
Paul S. Goldsmith-Pinkham and Kelly Shue
Yale School of Management and Yale School of Management
Downloads 8 (770,852)
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Who Misvotes? The Effect of Differential Cognition Costs on Election Outcomes

KSG Working Paper No. RWP06-048, IZA Discussion Paper No. 2451
Number of pages: 48 Posted: 17 Nov 2006
Erzo F. P. Luttmer and Kelly Shue
Dartmouth College and Yale School of Management
Downloads 102 (331,541)
Citation 1

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bounded rationality, voting mistakes, ballot design, voting technology, voter intent, electoral systems, electoral reform

Who Misvotes? The Effect of Differential Cognition Costs on Election Outcomes

Number of pages: 48 Posted: 20 Nov 2006 Last Revised: 24 Sep 2021
Kelly Shue and Erzo F. P. Luttmer
Yale School of Management and Dartmouth College
Downloads 32 (586,012)
Citation 3

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15.

Screening Peers Softly: Inferring the Quality of Small Borrowers

Number of pages: 62 Posted: 18 Aug 2009 Last Revised: 26 Aug 2021
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Harvard University - Harvard Kennedy School (HKS), Dartmouth College and Yale School of Management
Downloads 122 (290,796)
Citation 52

Abstract:

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16.

Do Managers Do Good with Other People&Apos;S Money?

Number of pages: 42 Posted: 14 Sep 2013 Last Revised: 07 Aug 2021
University of Toronto - Rotman School of Management, Columbia University, Graduate School of Arts and Sciences, Department of Economics and Yale School of Management
Downloads 51 (481,083)
Citation 2

Abstract:

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17.

Growth Through Rigidity: An Explanation for the Rise in CEO Pay

Number of pages: 53 Posted: 08 Feb 2016 Last Revised: 19 Jul 2018
Kelly Shue and Richard R. Townsend
Yale School of Management and University of California, San Diego (UCSD) - Rady School of Management
Downloads 35 (555,406)
Citation 12

Abstract:

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