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Louis K.C. Chan

Professor of Finance and Department Chair and Hoeft Professor of Business

Education

Ph.D. Finance and Applied Economics, University of Rochester, 1984.
M.S. Applied Economics, University of Rochester, 1982.
B.B.A. University of Hawaii, 1979.

Positions

Associate Professor of Finance, University of Illinois, 1994 - 1999
Assistant Professor of Finance, University of Illinois, 1988 - 1993
Assistant Professor of Finance, Cornell University, 1983 - 1988
Assistant Lecturer, University of Rochester, 1981 - 1982

Research Interests

Research focuses on empirical analysis of the behavior of stock returns; the impact of institutional equity trading; comparative analysis of stock market structures; risk and portfolio optimization.

Research

Journal Articles

"Are All Analysts Alike? Identifying Earnings Forecasting Ability." D. Ikenberry, K. Chan, J. Lakonishok, S. Lee, Journal of Investment Management, (6) 1 1-19 2008


"Analysts' Conflicts of Interest and Biases in Earnings Forecasts.." K. Chan, J. Karceski, J. Lakonishok, Journal of Financial and Quantitative Analysis, (42) December: 4 893-913 2007


"Earnings Quality and Stock Returns." K. Chan, K. Chan, N. Jegadeesh, J. Lakonishok, Journal of Business, (79) 4 2006


"Value and Growth Investing: Review and Update." J. Lakonishok, K. Chan, Financial Analysts Journal, (60) January: 1 71-86 2004


"The Level and Persistence of Growth Rates." K. Chan, J. Karceski, J. Lakonishok, Journal of Finance, (58) April: 2 634-684 2003


"On the Mutual Fund Investment Styles." K. Chan, H. Chen, J. Lakonishok, Review of Financial Studies, (15) Winter: 5 1407-1437 2002


"The Stock Market Valuation of Research and Development Expenditures." K. Chan, J. Lakonishok, T. Sougiannis, Journal of Finance, (56) December: 6 2431-2456 2001
SSRN Abstract


"A New Paradigm or the Same Old Hype?: The future of value versus growth investing." K. Chan, J. Karceski, J. Lakonishok, Financial Analysts Journal, July: 2000


"The Profitability of Momentum Strategies." K. Chan, N. Jegadeesh, J. Lakonishok, Financial Analysts Journal, November: 80-90 1999


"On Portfolio Optimization: Forecasting Covariances and Choosing the Risk Model." K. Chan, J. Karceski, J. Lakonishok, Review of Financial Studies, (12) Winter: 937-974 1999


"The Risk and Return from Factors." K. Chan, J. Karceski, J. Lakonishok, Journal of Financial and Quantitative Analysis, (33) June: 159-188 1998


"Institutional Equity Trading Costs: NYSE versus Nasdaq." K. Chan, J. Lakonishok, Journal of Finance, (52) June: 2 713-735 1997

Honors and Awards


Graham-Dodd Scroll of Excellence, Association for Investment Management Research , 2001

 

Contact Information
393 Wohlers Hall
1206 South Sixth Street
Champaign IL 61820

(217) 333-6391
l-chan2@illinois.edu

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