Patrick J Kelly

Publications


1) Griffin, John M., Patrick J. Kelly, and Federico Nardari, 2010, “Do Market Efficiency Measures Yield Correct Inferences? A Comparison of Developed and Emerging Markets,” Review of Financial Studies, 23(8), 3225-3277. Internet appendix. Earlier working paper version


2) Kelly, Patrick J., and Felix Meschke, 2010, “Sentiment and Stock Returns: the SAD anomaly revisited,”

Journal of Banking and Finance, 34(6), 1308-1326. View PDF of last working paper version


3) Griffin, John M., Nicholas H. Hirschey, and Patrick J. Kelly, 2011, “How Important is the Financial Media in Global Markets?” Review of Financial Studies, 24(12), 3941-3992. Earlier working paper version.


4) Kelly, Patrick J., 2014, “InformationEfficiency and Firm-Specific Return Variation,” Quarterly Journal of Finance 4 (4), 1450018. Earlier working paper version.


5) Bergbrant, Mikael C., and Patrick J. Kelly, 2016,  "Macroeconomic Expectations and the Size, Value and Momentum Factors," Financial Management 45(4), 809-844 (Lead Article). Earlier working paper version. Awarded “Best paper in the Winter 2016 issue of Financial Management”


6)  Bergbrant, Mikael C., Delroy M. Hunter, and Patrick J. Kelly, 2018, “Rivals’ Competitive Activities, Capital Constraints, and Firm GrowthJournal of Banking and Finance 97, 87-108.


7) Francis, Bill B., Delroy M. Hunter, and Patrick J. Kelly, 2020, “Do Foreign Investors Insulate Firms from Local Shocks? Evidence from the Response of Investable Firms to Monetary Policy,” Journal of Empirical Finance 58, 386-411. Last working paper version.


8) Gorovyy, Sergiy, Patrick J. Kelly, and Olga Kuzmina, Does secrecy signal skill? Own-investor secrecy and hedge fund performance, Journal of Banking and Finance 133, 106288.  Earlier Working Paper Version. 


Other Publications


Fišar, M., Greiner, B., Huber, C., Katok, E., Ozkes, A., and the Management Science Reproducibility Collaboration (forthcoming). “Reproducibility in Management Science.” Management Science.


Working Papers


Kelly, Patrick J., Jin Roc Lv, and Garry Twite, 2023, “Early Release from Lockup: Insider Sales During the Post IPO Lockup Period.” University of Melbourne working paper.


Research in Progress

Research on new stock exchanges with Carole Comerton-Forde of the University of Melbourne.



my papers on ssrn

my citations on Google Scholar


ORCID ID: 0000-0002-8540-7488

Scopus Author ID: 35324800300

ResearcherID: E-8056-2017