Sheridan Titman
McCombs School of Business, University of Texas at Austin. Co-author of the geographic lead-lag paper (SSRN 2780139); best known as co-author of the seminal Carhart (1997) momentum factor and the Fama-French (1993) HML factor.
Affiliations
- McCombs School of Business, University of Texas at Austin — co-author of Geographic Lead-Lag Effects.
- Email: sheridan.titman@mccombs.utexas.edu (per SSRN paper).
Key contributions
- Fama-French 3-factor model (Fama & French 1993) — co-author of the HML (book-to-market) factor.
- Carhart 4-factor momentum (Carhart 1997) — co-author of the UMD (momentum) factor.
- Geographic Lead-Lag Effects (Parsons, Sabbatucci & Titman, 2016/2018, Parsons, Sabbatucci & Titman 2016/2018 — 地理引线-滞后效应) — extends the lead-lag literature to geographic peers, proposes the "analyst coverage overlap" mechanism.
Research themes
- Momentum & lead-lag — Cross-Sectional Momentum is the original framework Titman helped formalize; geographic lead-lag is a recent extension.
- Real estate & asset pricing — long-running research on real-estate returns, momentum, and return predictability.
- Capital structure & corporate finance — known for the trade-off theory of capital structure and related work.