Richard Sias has been with the Eller College of Management since 2011. Before joining Eller, he was a professor at Washington State University. His areas of expertise include investments, asset pricing, investor behavior and valuation.

Courses

• FIN 401 Financial Analysis/Bloomberg - Spring
• FIN 695A Investments - Spring

Publications

• “Experts vs. Non-Experts in Online Crowdfunding Markets,” with Mingfeng Lin and Zaiyan Wei, MIS Quarterly, forthcoming.

• “The Fault in our Stars: Molecular Genetics and Technology Adoption,” with Sue Brown, MIS Quarterly, forthcoming.

• “Words Matter: The Role of The Role of Readability, Tone, and Deception Cues in Online Credit Markets,” with Qing Gao and Mingfeng Lin, Journal of Financial and Quantitative Analysis, forthcoming.

• "Active Technological Similarity and Mutual Fund Performance," with Ping McLemore, Zafer Yuksel, and Chi Wan, Journal of Financial and Quantitative Analysis, forthcoming.

• "Economic Policy Uncertainty and Self-Control: Evidence from Unhealthy Choices," with Ivalina Kalcheva and Ping McLemore, accepted at the Journal of Financial and Quantitative Analysis.

• “Sentiment Metrics and Investor Demand,” Journal of Finance, Vol. 74, no. 2, 2019, pages 985-1024 (with Luke DeVault and Laura Starks). 

• "Reconsidering Hedge Fund Contagion," with Harry Turtle and Bela Zykaj, Journal of Alternative Investments, Volume 21, number 1, 2018, 27-38.

• "Hedge Fund Politics and Portfolios," with Luke DeVault, Journal of Banking and Finance, Vol. 75, February 2017, Pages 80-97.

• "Hedge Fund Return Dependence: Model Misspecification or Liquidity Spirals?" with Harry Turtle and Blerina Zykaj, Journal of Financial and Quantitative Analysis,  Vol. 52, Issue 5, October 2017, pp. 2157-2181. 

• “Hedge Fund Crowds and Mispricing,” with Harry Turtle and Blerina Zyka, Management Science, 2015, Vol. 62(3), 764-784.

• “Why does Financial Strength Forecast Stock Returns? Evidence from Subsequent Demand by Institutional Investors,” with Nicole Choi, The Review of Financial Studies, Volume 25, number 5, 2012, pp. 1550-1587.

• “Portfolio Diversification,” with James Bennett, Journal of Investment Management, Volume 9, number 3, 2011, pp. 74-98.

• “Insider Trades and Demand by Institutional and Individual Investors,” with David Whidbee, Review of Financial Studies, Volume 23, number 4, 2010, pp. 1544-1595.

• “Style Timing with Insiders,” with Heather Knewtson and David Whidbee, Financial Analysts Journal, Volume 66, number 4, 2010, pp.46-66.

• “Why Susie Owns Starbucks: The Name Letter Effect in Security Selection,” with Heather Knewtson, Journal of Business Research, Volume 63, number 12, 2010, pp. 1324-1327.

• “Institutional Industry Herding,” with Nicole Choi, Journal of Financial Economics, Volume 94, number 3, 2009, pp. 469-491.

• “Reconcilable Differences: Momentum Trading by Institutions,” Financial Review, Volume 42, number 1, 2007, pp. 1-22 (lead article).

• “Window-dressing, Tax-loss Selling and Momentum Profit Seasonality,” Financial Analysts Journal, Volume 63, number 2, 2007, pp. 48-54.

• “Why Company-Specific Risk Changes Over Time,” with James Bennett, Financial Analysts Journal, Volume 62, number 5, 2006, pp. 89-100.

  Reprinted in “Risk Management – Foundations for a Changing Financial World,” edited by Walter Haslett Jr., CFA Institute, John Wiley & Sons, Hoboken, NJ, 2010.

• “Changes in Institutional Ownership and Stock Returns: Assessment and Methodology,” with Laura T. Starks and Sheridan Titman, Journal of Business, Volume 79, number 6, 2006, 2869-2910.

• “Informed Trading and Order Type,” with Jack Cooney, Journal of Banking and Finance, Volume 28, number 7, 2004, pp. 1711-1743.

• “Institutional Herding,” Review of Financial Studies, Volume 17, number 1, Spring 2004, pp. 165-206.

• “Greener Pastures and the Impact of Dynamic Institutional Preferences,” with James Bennett and Laura Starks, Review of Financial Studies, Volume 16, number 4, Winter 2003, pp. 1203-1239.

• “Voting with Their Feet: Changes in Institutional Ownership Around Forced CEO Turnover,” with Robert Parrino and Laura Starks, Journal of Financial Economics, Volume 68, number 1, April 2003, pp. 3-46 (lead article).