David Ardia, Clément Aymard, and Tolga Cenesizoglu
We reassess Boehmer et al. (2021, BJZZ)'s seminal work on the predictive power of retail order imbalance (ROI) for future stock returns. First, we replicate ...
David Ardia, Clément Aymard, and Tolga Cenesizoglu
A growing body of recent literature analyzes the reaction of Robinhood (RH) investors to price movements at the daily frequency. As these investors tend to b...
Congratulations to David Ardia and Clément Aymard who, along with Tolga Cenesizoglu, professor in HEC Montréal's Finance Department, won an Award of Excellence at the Association française de finance (AFFI) conference.