Patrick J. Kelly

Do foreign investors insulate firms from local shocks? Evidence from the response of investable firms to monetary policy

BB Francis, DM Hunter, PJ Kelly

Journal article  |  2020  |  Journal of Empirical Finance

Extant research shows that stock returns of investable firms are highly sensitive to foreign market and global information shocks,..

Rivals’ competitive activities, capital constraints, and firm growth

MC Bergbrant, DM Hunter, PJ Kelly

Journal article  |  2018  |  Journal of Banking and Finance

We examine the impact of rivals’ competitive activities on firms’ quantity-of-capital constraints in 60 countries. Prior work show..

Macroeconomic Expectations and the Size, Value, and Momentum Factors

Mikael C Bergbrant, Patrick J Kelly

Journal article  |  2016  |  Financial Management

Information efficiency and firm-specific return variation

PJ Kelly

Journal article  |  2014  |  Quarterly Journal of Finance

Reasoning that private firm-specific information causes firm-specific return variation that drives down market-model R2s, [Morck e..

How Important Is the Financial Media in Global Markets?

John M Griffin, Nicholas H Hirschey, Patrick J Kelly

Journal article  |  2011  |  Review of Financial Studies

Do Market Efficiency Measures Yield Correct Inferences? A Comparison of Developed and Emerging Markets

John M Griffin, Patrick J Kelly, Federico Nardari

Journal article  |  2010  |  Review of Financial Studies

Sentiment and stock returns: The SAD anomaly revisited

Patrick J Kelly, Felix Meschke

Journal article  |  2010  |  Journal of Banking & Finance