Karl B. Diether

Associate Professor of Business Administration

E-Mail: karl.b.diether@tuck.dartmouth.edu Phone: 603-646-1832

BA, Brigham Young University, 1998; PhD, The University of Chicago, 2004

Areas of expertise

Investments, stock market efficiency, and short selling

Current research topics

Profitability and strategies of short sellers, short-selling constraints, performance of informed investors

Selected Publications

With C.J. Malloy and A. Scherbina, "Differences of Opinion and the Cross Section of Stock Returns," Journal of Finance, 57, 2002, reprinted in The Psychology of World Equity Markets Vol. II, Edward Elgar Publishing, 2005; with L. Cohen and C.J. Malloy, "Supply and Demand Shifts in the Shorting Market," Journal of Finance, 62, 2007, Smith Breeden Prize for Best Non- Corporate Finance Paper; with K.-H. Lee and I.M. Werner, "Short-Sale Strategies and Return Predictability," Review of Financial Studies, 22, 2009; with K.-H. Lee and I.M. Werner, "It’s SHO Time! Short-Sale Price Tests and Market Quality," Journal of Finance, 64, 2009

Working Papers

With I. M. Werner, “When Constraints Bind”; “Short Selling, Timing, and Profitability”; “Long-Run Event Performance and Opinion Divergence”

Awards

Undergraduate Program Teaching Award, Fisher College of Business, The Ohio State University, 2008

Professional Activities

Academic positions: Instructor, 2003–04, Assistant Professor, 2004–09, Fisher College of Business, The Ohio State University; Tuck School of Business, 2009–present

Editorial positions: Referee, Journal of Banking and Finance, Journal of Business, Journal of Empirical Finance, Journal of Finance, Journal of Financial and Quantitative Analysis, Journal of Financial Markets, Journal of Financial Research, Management Science, Review of Financial Studies; Discussant, American Finance Association, 2008