Table 4

Most cited references and documents

RankAuthorTitleYearJournalLocal citationsTotal citations
Panel A: top ten most cited references
1Fama E. and French K.RCommon risk factors in the returns on stocks and bonds1993Journal of Financial Economics12637,066
2Carhart M.MOn Persistence in Mutual Fund Performance1997Journal of Finance9423,869
3Fama E. and French K.RThe Cross-Section of Expected Stock Returns1992Journal of Finance8128,415
4Jegadeesh N. and Titman SReturns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency1993Journal of Finance8028,415
5Fama E. and French K.RA five-factor asset pricing model2015Journal of Financial Economics689,676
6Frazzini A. and Pedersen L.HBetting against beta2014Journal of Financial Economics572,827
7Asness C.S., Moskowitz T.J. and Pedersen L.HValue and Momentum Everywhere2013Journal of Finance563,406
8Sharpe W.FCapital Asset Prices: A Theory of Market Equilibrium under Conditions of Risks1964Journal of Finance4434,712
9Novy-Marx RThe other side of value: The gross profitability premium2013Journal of Financial Economics422,770
10Markowitz HPortfolio Selection1952Journal of Finance3863,901
Panel B: top ten most cited papers 
1Barberis N. and Shleifer AStyle Investing2003Journal of Financial Economics36483
2Choi N. and Sias R.WInstitutional industry herding2009Journal of Financial Economics3190
3Brown S.J. and Goetzmann W.NHedge Funds with Style2003Journal of Portfolio Management384
4Adams Z. and Glück TFinancialization in commodity markets: A passing trend or the new normal?2015Journal of Banking and Finance183
5Teo M. and Woo S.JStyle effects in the cross-section of stock returns2004Journal of Financial Economics1465
6Froot K. and Teo MStyle Investing and Institutional Investors2008Journal of Financial and Quantitative Analysis1265
7Eichholtz P., Huisman R., Koedijk K. and Schuin LContinental factors in international real estate returns1998Real Estate Economics154
8Wahal S. and Yavuz M.DStyle Investing, comovement and return predictability2013Journal of Financial Economics1449
9Cronqvist H., Siegel S. and Yu FValue versus growth investing: Why do different investors have different styles?2015Journal of Financial Economics343
10Lettau M. and Madhavan AExchange-Traded Funds 101 for Economists2018Journal of Economic Perspectives243

Note(s): Local citations represent the number of citations each contribution received, based on data from the database

Source(s): Authors’ own elaboration

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