Freshman class

Liquid analysis, solid gains

Ronnie Sadka, associate professor of finance

PhD, Northwestern University

Representative publication: "The divergence of liquidity commonality in the cross-section of stocks" (with Avraham Kamara and Xiaoxia Lou), Journal of Financial Economics 89, October 2008

My research focuses on liquidity in financial markets and stock-price modeling. I have developed a unique measure of market liquidity and have demonstrated its importance for understanding the profitability of different trading strategies. My other research uncovers distinct periodic patterns of stock returns, both over the calendar year and during a single trading day.