{"id":5,"date":"2017-12-06T14:11:58","date_gmt":"2017-12-06T14:11:58","guid":{"rendered":"http:\/\/sites.rutgers.edu\/professor-example\/?page_id=5"},"modified":"2025-04-21T17:29:52","modified_gmt":"2025-04-21T17:29:52","slug":"research","status":"publish","type":"page","link":"https:\/\/sites.rutgers.edu\/valentin-dimitrov\/research\/","title":{"rendered":"Publications"},"content":{"rendered":"<ul>\n<li style=\"list-style-type: none\"><\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li><a href=\"http:\/\/sites.rutgers.edu\/valentin-dimitrov\/wp-content\/uploads\/sites\/282\/2025\/04\/2025_revision_of_martingale_index___WP61_ProbabilityandFinance.pdf\">The Martingale Index: A measure of self-deception in betting and finance<\/a> (with G. Shafer),\u00a0<em>Judgment and Decision Making<\/em>, forthcoming.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li><a href=\"http:\/\/sites.rutgers.edu\/valentin-dimitrov\/wp-content\/uploads\/sites\/282\/2025\/04\/Yes-Virginia-Manuscript_finalcomplete.pdf\">Yes, Virgina, there are superstar money managers<\/a> (with P. Jain),\u00a0<em>Review of Quantitative Finance and Accounting,\u00a0<\/em>forthcoming.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li><a href=\"https:\/\/doi.org\/10.1007\/s11142-022-09739-4\" target=\"_blank\" rel=\"noopener noreferrer\">The Nail that Sticks Out: Corporate Social Responsibility and Shareholder Proposals\u00a0<\/a> (with Feng Gao and Michael Barnett). <i>Review of Accounting Studies\u00a0<\/i>29, 2024.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li><a href=\"https:\/\/doi.org\/10.1111\/fire.12167\" target=\"_blank\" rel=\"noopener noreferrer\">Shiller&#8217;s CAPE: Market Timing and Risk<\/a> (with Prem Jain). <em>The Financial Review<\/em> 53, 2018.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li><a href=\"https:\/\/doi.org\/10.1016\/j.jfineco.2014.10.012\" target=\"_blank\" rel=\"noopener noreferrer\">Impact of the Dodd-Frank Act on Credit Ratings<\/a> (with Darius Palia and Leo Tang), <em>Journal of Financial Economics<\/em>, 2015.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li><a href=\"https:\/\/doi.org\/10.1111\/j.1475-679X.2011.00419.x\" target=\"_blank\" rel=\"noopener noreferrer\">It&#8217;s Showtime: Do Managers Report Better News before Annual Shareholder Meetings?<\/a> (with Prem Jain), <em>Journal of Accounting Research<\/em>, 2011.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li><a href=\"https:\/\/doi.org\/10.1016\/j.jfineco.2008.04.009\" target=\"_blank\" rel=\"noopener noreferrer\">Sell on the News: Differences of Opinion, Short-Sales Constraints, and Returns around Earnings Announcements<\/a> (with Henk Berkman, Prem Jain, Paul Koch, and Sheri Tice), <em>Journal of Financial Economics<\/em>, 2009.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li><a href=\"https:\/\/doi.org\/10.1177\/0148558X0802300204\" target=\"_blank\" rel=\"noopener noreferrer\">The Value Relevance of Changes in Financial Leverage Beyond Growth in Asses and GAAP Earnings<\/a> (with Prem Jain), <em>Journal of Accounting, Auditing, and Finance<\/em>, 2008.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li><a href=\"https:\/\/doi.org\/10.1177\/0148558X0702200404\" target=\"_blank\" rel=\"noopener noreferrer\">Reference-Day Risk: Observations and Extensions<\/a> (with Suresh Govindaraj), <em>Journal of Accounting, Auditing, and Finance<\/em>, 2007.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li><a href=\"https:\/\/doi.org\/10.1093\/rfs\/hhj028\" target=\"_blank\" rel=\"noopener noreferrer\">Corporate Diversification and Credit Constraints: Real Effects across the Business Cycle<\/a> (with Sheri Tice), <em>Review of Financial Studies<\/em>, 2006.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li><a href=\"https:\/\/doi.org\/10.1016\/j.jcorpfin.2004.10.002\" target=\"_blank\" rel=\"noopener noreferrer\">Recapitalization of Once Class of Common Stock into Dual Class: Growth and Long-run Stock Returns<\/a> (with Prem Jain), <em>Journal of Corporate Finance<\/em>, 2006.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The Martingale Index: A measure of self-deception in betting and finance (with G. Shafer),\u00a0Judgment and Decision Making, forthcoming. Yes, Virgina, there are superstar money managers (with P. Jain),\u00a0Review of Quantitative &hellip; <a href=\"https:\/\/sites.rutgers.edu\/valentin-dimitrov\/research\/\" class=\"\">Read More<\/a><\/p>\n","protected":false},"author":11,"featured_media":424,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"template-custom.php","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-5","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Publications - Valentin Dimitrov<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sites.rutgers.edu\/valentin-dimitrov\/research\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Publications - Valentin Dimitrov\" \/>\n<meta property=\"og:description\" content=\"The Martingale Index: A measure of self-deception in betting and finance (with G. Shafer),\u00a0Judgment and Decision Making, forthcoming. Yes, Virgina, there are superstar money managers (with P. Jain),\u00a0Review of Quantitative &hellip; Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sites.rutgers.edu\/valentin-dimitrov\/research\/\" \/>\n<meta property=\"og:site_name\" content=\"Valentin Dimitrov\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-21T17:29:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/sites.rutgers.edu\/valentin-dimitrov\/wp-content\/uploads\/sites\/282\/2020\/02\/Molecule-vector-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"340\" \/>\n\t<meta property=\"og:image:height\" content=\"340\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sites.rutgers.edu\/valentin-dimitrov\/research\/\",\"url\":\"https:\/\/sites.rutgers.edu\/valentin-dimitrov\/research\/\",\"name\":\"Publications - Valentin Dimitrov\",\"isPartOf\":{\"@id\":\"https:\/\/sites.rutgers.edu\/valentin-dimitrov\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/sites.rutgers.edu\/valentin-dimitrov\/research\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/sites.rutgers.edu\/valentin-dimitrov\/research\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/sites.rutgers.edu\/valentin-dimitrov\/wp-content\/uploads\/sites\/282\/2020\/02\/Molecule-vector-2.jpg\",\"datePublished\":\"2017-12-06T14:11:58+00:00\",\"dateModified\":\"2025-04-21T17:29:52+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/sites.rutgers.edu\/valentin-dimitrov\/research\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/sites.rutgers.edu\/valentin-dimitrov\/research\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/sites.rutgers.edu\/valentin-dimitrov\/research\/#primaryimage\",\"url\":\"https:\/\/sites.rutgers.edu\/valentin-dimitrov\/wp-content\/uploads\/sites\/282\/2020\/02\/Molecule-vector-2.jpg\",\"contentUrl\":\"https:\/\/sites.rutgers.edu\/valentin-dimitrov\/wp-content\/uploads\/sites\/282\/2020\/02\/Molecule-vector-2.jpg\",\"width\":340,\"height\":340},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/sites.rutgers.edu\/valentin-dimitrov\/research\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/sites.rutgers.edu\/valentin-dimitrov\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Publications\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/sites.rutgers.edu\/valentin-dimitrov\/#website\",\"url\":\"https:\/\/sites.rutgers.edu\/valentin-dimitrov\/\",\"name\":\"Valentin Dimitrov\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/sites.rutgers.edu\/valentin-dimitrov\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Publications - Valentin Dimitrov","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/sites.rutgers.edu\/valentin-dimitrov\/research\/","og_locale":"en_US","og_type":"article","og_title":"Publications - Valentin Dimitrov","og_description":"The Martingale Index: A measure of self-deception in betting and finance (with G. 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