Select Publications in Finance


Ball, R. and L. Shivakumar. (2005). Earnings quality in UK private firms: Comparative loss recognition timeliness. Journal of Accounting and Economics, 39:1, 83-128.

Ball, R. and L. Shivakumar. (2006). Role of accruals in asymmetrically timely gain and loss recognition. Journal of Accounting Research, 44:2, 207-242.

Ball, R. and L. Shivakumar. (2008). Earnings quality at initial public offerings. Journal of Accounting and Economics, 45:2/3,  324-349.

Bollen, N. and V.K. Poole. (2008). Conditional return smoothing in the hedge fund industry. Journal of Financial and Quantitative Analysis, 43, 267-298.

Bollen, N. and V.K. Poole. (in press). Do hedge fund managers misreport returns? Evidence from the pooled distribution.  Journal of Finance.

Chaney, P.; D. Jeter and L. Shivakumar. (2004). Self-selection of auditors and audit pricing in private firms. Accounting Review, 79:1, 51-72.

Chopra, V. K. (1993). Improving optimization. Journal of Investing, 8, 51-59.

Chopra, V. K. and W. T. Ziemba. (1993). The effect of errors in means, variances, and covariances on optimal portfolio choice. Journal of Portfolio Management, Winter.

Chopra, V. K., C. R. Hensel and A. L. Turner. (1993). Massaging mean-variance inputs: Returns from alternative global investment strategies in the 1980s. Management Science, 39:7, 845-855.

Chordia, T., and L. Shivakumar. (2002). Momentum, business cycle and time-varying expected returns. Journal of Finance, 57:2, 985-1019.

Chordia, T., L. Shivakumar and A. Subrahmanyam. (2004). Liquidity dynamics across small and large firms. Economic Notes, 33:1, 111-143.

Chordia T. and L. Shivakumar. (2005). Inflation illusion and post-earnings-announcement drift. Journal of Accounting Research, 43:4, 521-556.

Chordia T. and L. Shivakumar. (2006). Earnings and price momentum. Journal of Financial Economics, 80:3, 627-656.

Cooper, Rick A. and  J. M. Shulman. (1994). The year-end effect in junk bond prices. Financial Analysts Journal, 50:5, 61-65.

Cooper, Rick A., T. Day and C. Lewis. (2001). Following the leader: A study of individual analysts earnings forecasts. Journal of Financial Economics, 61:3, 383–416.

Emery, D. and X. Li. (in press). Are the Wall Street analyst rankings popularity contests? Journal of Financial and Quantitative Analysis.

Ivanov, V. and C. Lewis. (2008). The determinants of market-wide issue cycles for initial public offerings. Journal of Corporate Finance, 14(5), 567-583.

Lee, G. and R. Masulis. (2009). Seasoned equity offerings: Quality of accounting information and expected flotation costs. Journal of Financial Economics, 92, 443-469.

Li, Xi. (2005). The persistence of relative performance in stock recommendations of sell-side financial analysts. Journal of Accounting and Economics, 40, 129-152.

Masulis, R., C. Wang and F. Xie. (2007). Corporate governance and acquirer returns. Journal of Finance 62:4, 1851-1889.

Masulis, R., C. Wang and F. Xie. (2009). Agency costs at dual-class companies.  Journal of Finance 64:4, 1697-1727.

Masulis, R., C.N.V. Krishnan, V. Ivanov, and A. Singh (2010). Venture capital reputation, Post-IPO performance and corporate governance. Journal of Financial and Quantitative Analysis.

Masulis, R. and L. Shivakumar. (2002). Does market structure affect the immediacy of stock price responses to news? Journal of Financial and Quantitative Analysis, 37:4, 617-648.

Masulis, R. and R. Nahata. (2009). Strategic investing: Evidence from corporate venture capital, forthcoming Journal of Financial Intermediation.

Masulis, R. and R. Nahata. (July 2009). Venture capital conflicts of interest: Evidence from acquisitions of venture backed firms, forthcoming Journal of Financial and Quantitative Analysis.

Masulis, R. and S. Mobbs, 2010, Are All Inside Directors the Same? Do They Entrench CEOs or Enhance Board Decision Making? Forthcoming, Journal of Finance.

Nahata, R. (2008). Venture capital reputation and investment performance. Journal of Financial Economics, 90:2, 127-151.
 
Poole, V.K., H. Stoll and R. Whaley. (2008). Failure to exercise call options: An anomaly and a trading game. Journal of Financial Markets, 11:1, 1-35.

Shivakumar L. (2000). Do firms mislead investors by overstating earnings before seasoned equity offerings? Journal of Accounting and Economics, 29:3, 339-371.

Shivakumar L. (2006). Accruals, cash flows and the post-earnings-announcement drift.
Journal of Business Finance and Accounting, 33:1/2, 1-25.

Wang, C. and F. Xie. (2009). Corporate governance transfer and synergistic gains from mergers and acquisitions.  Review of Financial Studies, 22:2, 829-858.