Joseph Engelberg

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  • Zhi Da, Joseph Engelberg, Pengjie Gao, Nick Barberis, Robert Battalio, Andriy Bodnaruk +33 others
  • 2011
We propose a new and direct measure of investor attention using search frequency in Google (Search Volume Index (SVI)). In a sample of Russell 3000 stocks from 2004 to 2008, we find that SVI (1) is correlated with but different from existing proxies of investor attention; (2) captures investor attention in a more timely fashion and (3) likely measures the(More)
We use daily Internet search volume from millions of households to reveal market-level sentiment. By aggregating the volume of queries related to household concerns (e.g., " recession, " " unemployment, " and " bankruptcy "), we construct a Financial and Economic Attitudes Revealed by Search (FEARS) index as a new measure of investor sentiment. Between 2004(More)
When banks and firms are connected through interpersonal linkages – such as their respective management having attended college or previously worked together – interest rates are markedly reduced, comparable with single shifts in credit ratings. These rate concessions do not appear to reflect sweetheart deals. Subsequent firm performance, such as future(More)
  • Joseph Engelberg, Christopher A Parsons, Chad Cotti, Richard Dunnand, Sheridan Titman, Nate
  • 2013
Using individual patient records for every hospital in California from 1983-2011, we find a strong inverse link between daily stock returns and hospital admissions, particularly for psychological conditions such as anxiety, panic disorder, or major depression. The effect is nearly instantaneous (within the same day), suggesting that anticipation over future(More)
Surgical treatment of morbid, familial, juvenile-onset obesity in a 37-year-old, 260-pound, mother of three children by jejunoileal bypass was subsequently converted to gastric bypass. The resulting weight loss of 110 pounds resulted in personality changes and changes in family dynamics and was followed by divorce. Medical, psychosocial, and economic(More)
The lack of predictability of aggregate dividends has long been considered a puzzle-" the dog that did not bark " , Cochrane (2008). I show that this empirical finding is related to the measurement of dividends. If M&A cash flows are taken into account, the adjusted R 2 from a regression of dividend growth on the dividend-price ratio goes from being(More)
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