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D-Index & Metrics

Economics and Finance

D-Index
38
Citations
11845
World Ranking
2479
National Ranking
1394

Overview

Terrence Hendershott is affiliated with the University of California, Berkeley in the United States. Their research predominantly spans the fields of economics, econometrics, and finance, with a focus on subfields such as finance, economics and econometrics, accounting, management science and operations research, and strategy and management.

Their work covers a range of topics, including financial markets and investment strategies, housing market and economics, corporate finance and governance, complex systems and time series analysis, auction theory and applications, banking stability, regulation, efficiency, and economic theories and models.

Hendershott has published extensively in respected journals and venues. Frequent publication venues include:

  • SSRN Electronic Journal
  • Journal of Financial Economics
  • Review of Financial Studies
  • Journal of Financial and Quantitative Analysis
  • Journal of Financial Markets

Recent papers authored by Hendershott demonstrate their engagement with various aspects of financial economics and market dynamics. Selected papers include:

  • FinTech as a Game Changer: Overview of Research Frontiers, 2021, Information Systems Research
  • Asset pricing: A tale of night and day, 2020, Journal of Financial Economics
  • Asset Price Dynamics with Limited Attention, 2021, Review of Financial Studies
  • When failure is an option: Fragile liquidity in over-the-counter markets, 2024, Journal of Financial Economics

They have collaborated with several colleagues in their field. Frequent co-authors include:

  • Dmitry Livdan
  • Marc Rysman
  • Rainer Schwabe
  • Dan Li
  • Norman Schürhoff

Terrence Hendershott's research contributions span analysis of financial market structure, price dynamics, liquidity, and the impact of financial technologies. Their body of work includes explorations of market efficiency, capital raising costs, and behavioral aspects affecting asset pricing.

Best Publications

  • High-Frequency Trading and Price Discovery

    Jonathan Brogaard;Terrence Hendershott;Ryan Riordan

  • Does Algorithmic Trading Improve Liquidity

    Terrence Hendershott;Charles M. Jones;Albert J. Menkveld

  • High Frequency Trading and Price Discovery

    Jonathan Brogaard;Terrence Hendershott;Ryan Riordan

  • Algorithmic Trading and the Market for Liquidity

    Terrence Hendershott;Ryan Riordan

  • Price Discovery and Trading After Hours

    Michael J. Barclay;Terrence Hendershott

  • Time Variation in Liquidity: The Role of Market-Maker Inventories and Revenues

    Carole Comerton-Forde;Terrence Hendershott;Charles M. Jones;Pamela C. Moulton

  • Does Algorithmic Trading Improve Liquidity

    Terrence Hendershott;Charles M. Jones;Albert J. Menkveld

  • Competition among Trading Venues: Information and Trading on Electronic Communications Networks

    Michael J. Barclay;Terrence Hendershott;D. Timothy McCormick

  • Automation, Speed, and Stock Market Quality: The NYSE’s Hybrid

    Terrence Hendershott;Pamela C. Moulton

  • Island Goes Dark: Transparency, Fragmentation, and Regulation

    Terrence Hendershott;Charles M. Jones

  • Price Discovery without Trading: Evidence from Limit Orders

    Jonathan Brogaard;Terrence Hendershott;Ryan Riordan

  • Crossing Networks and Dealer Markets: Competition and Performance

    Terrence Hendershott;Haim Mendelson

  • Algorithmic Trading and Information

    Terrence Hendershott;Ryan Riordan

  • Market Maker Inventories and Stock Prices

    Terrence Hendershott;Mark S. Seasholes

  • Are institutions informed about news

    Terrence Hendershott;Dmitry Livdan;Norman Schürhoff

  • Price Pressures

    Unknown

  • Click or Call? Auction versus Search in the Over‐the‐Counter Market

    Terrence Hendershott;Ananth Madhavan

  • Liquidity Externalities and Adverse Selection: Evidence from Trading after Hours

    Michael J. Barclay;Terrence Hendershott

  • FinTech as a Game Changer: Overview of Research Frontiers

    Terrence Hendershott;Xiaoquan (Michael) Zhang;J. Leon Zhao;Zhiqiang (Eric) Zheng

  • Relationship Trading in Over-the-Counter Markets

    Terrence Hendershott;Dan Li;Dmitry Livdan;Norman Schürhoff

  • Automation versus Intermediation: Evidence from Treasuries Going Off the Run

    Michael J. Barclay;Terrence Hendershott;Kenneth Kotz

  • A comparison of trading and non-trading mechanisms for price discovery

    Michael J. Barclay;Terrence Hendershott

  • Bundling and Optimal Auctions of Multiple Products

    Christopher Avery;Terrence Hendershott

  • High frequency trading and the 2008 short-sale ban

    Jonathan Brogaard;Terrence Hendershott;Ryan Riordan

Frequent Co-Authors

Michael J. Barclay
Michael J. Barclay University of Rochester
Yeon-Koo Che
Yeon-Koo Che Columbia University
Ananth Madhavan
Ananth Madhavan University of California, Berkeley
J. Leon Zhao
J. Leon Zhao Chinese University of Hong Kong, Shenzhen
Bernard S. Black
Bernard S. Black Northwestern University
Michael Schneider
Michael Schneider RWTH Aachen University
Christof Weinhardt
Christof Weinhardt Karlsruhe Institute of Technology
Anna Dreber
Anna Dreber Stockholm School of Economics
Dirk Neumann
Dirk Neumann University of Freiburg
Elie Bouri
Elie Bouri Lebanese American University

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