Praveen Kumar

University of Houston - Department of Finance

Professor

Houston, TX 77204

United States

  • University of Houston - Department of Finance

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    • Tel: 713-743-4770
    • Fax: 713-743-4789
SCHOLARLY PAPERS

69

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87

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118

Scholarly Papers (69)

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1.

Managerial Moral Hazard and Bond Covenants

Downloads 1,115 ( 24,247)
Citation 8

Managerial Moral Hazard and Bond Covenants

Number of pages: 57 Posted: 01 Nov 2004
Sudheer Chava, Praveen Kumar and Arthur Warga
Georgia Institute of Technology - Scheller College of Business, University of Houston - Department of Finance and University of Houston - Department of Finance
Downloads 637 (51,930)
Citation 2

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Corporate bonds, bond covenants, costly contracting hypothesis, agency costs

Managerial Moral Hazard and Bond Covenants

Number of pages: 57 Posted: 29 May 2007
Sudheer Chava, Praveen Kumar and Arthur Warga
Georgia Institute of Technology - Scheller College of Business, University of Houston - Department of Finance and University of Houston - Department of Finance
Downloads 478 (74,620)
Citation 9

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Managerial entrenchment, Fraud, Bond covenants, Contracting efficiency

2.

Who Monitors the Monitor? The Effect of Board Independence on Executive Compensation and Firm Value

Downloads 1,053 ( 26,351)

Who Monitors the Monitor? The Effect of Board Independence on Executive Compensation and Firm Value

Number of pages: 38 Posted: 24 May 2007
Shiva Sivaramakrishnan and Praveen Kumar
Rice University and University of Houston - Department of Finance
Downloads 1,053 (25,953)
Citation 18

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Corporate governance, Board of directors, Monitoring, Director independence, Equity incentives, Executive compensation

Who Monitors the Monitor? The Effect of Board Independence on Executive Compensation and Firm Value

Review of Financial Studies, Forthcoming
Posted: 11 Oct 2007
Praveen Kumar and Shiva Sivaramakrishnan
University of Houston - Department of Finance and Rice University

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Corporate governance, Board of directors, Monitoring, Director independence, Equity incentives, Executive compensation

Who Monitors the Monitor? The Effect of Board Independence on Executive Compensation and Firm Value

The Review of Financial Studies, Vol. 21, Issue 3, pp. 1371-1401, 2008
Posted: 02 Jul 2008
Praveen Kumar and Shiva Sivaramakrishnan
University of Houston - Department of Finance and Rice University

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G31, G34, D82

3.

Idiosyncratic Risk and the Cross-Section of Stock Returns: Merton (1987) Meets Miller (1977)

Number of pages: 43 Posted: 18 Mar 2005
Rodney D Boehme, Praveen Kumar, Bartley R. Danielsen and Sorin M. Sorescu
Wichita State University - Department of Finance, Real Estate & Decision Sciences (FREDS), University of Houston - Department of Finance, North Carolina State University - Poole College of Management and Texas A&M University - Department of Finance
Downloads 1,028 (27,284)
Citation 16

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Idiosyncratic volatility, expected returns

4.

Overinvestment and Corporate Fraud in Efficient Capital Markets

Downloads 839 ( 36,287)

Overinvestment and Corporate Fraud in Efficient Capital Markets

Number of pages: 48 Posted: 07 Apr 2006
Nisan Langberg and Praveen Kumar
University of Houston - C.T. Bauer College of Business and University of Houston - Department of Finance
Downloads 571 (59,739)

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Overinvestment, Investor Coordination, Fraud, Managerial Control

Overinvestment and Corporate Fraud in Efficient Capital Markets

AFA 2007 Chicago Meetings Paper
Number of pages: 49 Posted: 15 Mar 2006
Nisan Langberg and Praveen Kumar
University of Houston - C.T. Bauer College of Business and University of Houston - Department of Finance
Downloads 268 (143,178)

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Overinvestment, Investor Coordination, Fraud, Managerial Control

5.

Optimal Incentive Structures for the Board of Directors: A Hierarchical Agency Framework

Number of pages: 32 Posted: 29 Nov 2002
Shiva Sivaramakrishnan and Praveen Kumar
Rice University and University of Houston - Department of Finance
Downloads 730 (43,882)
Citation 5

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Corporate governance, Hierarchical agency, Board of directors, BOD, Monitoring, Equity incentives

6.

Capital Investment, Innovative Capacity, and Stock Returns

Downloads 694 ( 46,941)
Citation 8

Capital Investment, Innovative Capacity, and Stock Returns

Journal of Finance, Forthcoming
Number of pages: 52 Posted: 04 Oct 2015
Praveen Kumar and Dongmei Li
University of Houston - Department of Finance and University of South Carolina - Darla Moore School of Business - Department of Finance
Downloads 351 (107,028)
Citation 3

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Capital investment, Option generation, Innovative capacity, Stock returns, Profitability

Capital Investment, Innovative Capacity, and Stock Returns

Journal of Finance, Forthcoming
Number of pages: 52 Posted: 24 Mar 2013 Last Revised: 23 Sep 2015
Praveen Kumar and Dongmei Li
University of Houston - Department of Finance and University of South Carolina - Darla Moore School of Business - Department of Finance
Downloads 343 (109,884)
Citation 1

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Capital investment, Real options, Innovative capacity, Stock returns, Profitability

7.

Leverage and the Cross-Section of Equity Returns

Journal of Finance, Forthcoming
Number of pages: 61 Posted: 10 Sep 2014 Last Revised: 16 Sep 2018
Hitesh Doshi, Kris Jacobs, Praveen Kumar and Ramon Rabinovitch
University of Houston - C.T. Bauer College of Business, University of Houston - C.T. Bauer College of Business, University of Houston - Department of Finance and University of Houston - Department of Finance
Downloads 626 (53,820)
Citation 6

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Leverage; unlevered equity returns; asset beta; value premium; size discount; volatility puzzle; heteroskedasticity

8.

The Product Market Effects of Hedge Fund Activism

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 54 Posted: 26 Oct 2015
Hadiye Aslan and Praveen Kumar
Georgia State University - Department of Finance and University of Houston - Department of Finance
Downloads 470 (76,893)
Citation 14

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Hedge fund activism; Product markets; Spillover effects; Market shares; Markups

9.

Shareholder Bargaining Power, Debt Overhang, and Investment

Number of pages: 73 Posted: 07 May 2012 Last Revised: 27 Jun 2016
Emmanuel Alanis, Sudheer Chava and Praveen Kumar
Texas State University, Georgia Institute of Technology - Scheller College of Business and University of Houston - Department of Finance
Downloads 446 (81,845)
Citation 6

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Debt Overhang, Shareholder Bargaining Power, APR Violations

10.

(Crowd)Funding Innovation: Financing Constraints, Price Discrimination and Welfare

Number of pages: 39 Posted: 02 May 2015 Last Revised: 16 Jun 2016
Praveen Kumar, Nisan Langberg and David Zvilichovsky
University of Houston - Department of Finance, University of Houston - C.T. Bauer College of Business and Coller School of Management Tel Aviv University
Downloads 384 (97,439)
Citation 7

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Crowdfunding, Financing Platforms, Price Discrimination, Financial Constraints

11.

CEO Entrenchment and Corporate Risk Management

Number of pages: 61 Posted: 14 Feb 2011
Praveen Kumar and Ramon Rabinovitch
University of Houston - Department of Finance and University of Houston - Department of Finance
Downloads 365 (103,185)
Citation 1

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Risk Management, Managerial Entrenchment, Free Cash Flows, Corporate Governance, Oil and Gas Industry

12.

Learning About Investment Risk: The Effects of Structural Uncertainty on Dynamic Investment and Consumption

Downloads 289 (133,052)

Learning About Investment Risk: The Effects of Structural Uncertainty on Dynamic Investment and Consumption

Number of pages: 48 Posted: 16 May 2001
Praveen Kumar
University of Houston - Department of Finance
Downloads 289 (132,365)

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Incomplete information, Structural uncertainty, Investment, Learning

Learning About Investment Risk: The Effects of Structural Uncertainty on Dynamic Investment and Consumption

Journal of Economic Behavior and Organization, Vol. 60, pp. 205-229, 2006
Posted: 27 May 2006
Praveen Kumar
University of Houston - Department of Finance

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Investment, structural uncertainty, learning, general equilibrium computation

13.

Uncertainty, Capital Investment, and Risk Management

Forthcoming, Management Science
Number of pages: 43 Posted: 25 Aug 2013 Last Revised: 03 Apr 2017
Hitesh Doshi, Praveen Kumar and Vijay Yerramilli
University of Houston - C.T. Bauer College of Business, University of Houston - Department of Finance and University of Houston, C. T. Bauer College of Business
Downloads 278 (138,452)
Citation 3

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Uncertainty; capital investment; hedging; real options; financial frictions

14.

Lemons or Cherries? Growth Opportunities and Market Temptations in Going Public and Private

Journal of Financial and Quantitative Analysis, Vol. 46, No. 2, 2011
Number of pages: 54 Posted: 27 Jul 2009 Last Revised: 11 Aug 2015
Hadiye Aslan and Praveen Kumar
Georgia State University - Department of Finance and University of Houston - Department of Finance
Downloads 274 (140,551)
Citation 5

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Going public and private, Investment, Financial constraints, Market timing

15.

Asset Pricing with Estimation-Risk and Uncertain Information Quality

Number of pages: 40 Posted: 29 Apr 2005
Rodney D Boehme, Praveen Kumar, Bartley R. Danielsen and Sorin M. Sorescu
Wichita State University - Department of Finance, Real Estate & Decision Sciences (FREDS), University of Houston - Department of Finance, North Carolina State University - Poole College of Management and Texas A&M University - Department of Finance
Downloads 273 (141,033)
Citation 1

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Estimation-risk; Information quality; Conditional CAPM

16.

Corporate Fraud, Self-Fulfilling Optimism, and Industry-Wide Over-Investment

Downloads 272 (141,579)
Citation 1

Corporate Fraud, Self-Fulfilling Optimism, and Industry-Wide Over-Investment

Number of pages: 45 Posted: 21 Nov 2007 Last Revised: 03 Sep 2013
Nisan Langberg and Praveen Kumar
University of Houston - C.T. Bauer College of Business and University of Houston - Department of Finance
Downloads 163 (227,987)
Citation 1

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Asymmetric information, Managerial incentives, Learning, Investment

Corporate Fraud, Self-Fulfilling Optimism, and Industry-Wide Over-Investment

Number of pages: 45 Posted: 22 Mar 2008
Praveen Kumar and Nisan Langberg
University of Houston - Department of Finance and University of Houston - C.T. Bauer College of Business
Downloads 109 (311,785)

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Asymmetric information, Managerial incentives, Optimal contracts, Dynamic learning, Investment

17.

Takeovers, Market Monitoring, and International Corporate Governance

Downloads 272 (141,579)
Citation 1

Takeovers, Market Monitoring, and International Corporate Governance

Number of pages: 46 Posted: 16 May 2006
Latha Ramchand and Praveen Kumar
University of Houston and University of Houston - Department of Finance
Downloads 272 (140,917)
Citation 1

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International corporate governance, dominant shareholders, control dilution, international takeovers

Takeovers, Market Monitoring, and International Corporate Governance

RAND Journal of Economics, Forthcoming
Posted: 03 Feb 2008
Praveen Kumar and Latha Ramchand
University of Houston - Department of Finance and University of Houston

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Dominant shareholder agency costs, international takeovers, control dilution, international corporate governance, global equity issues

18.

Patenting and Licensing of Financial Innovations

Number of pages: 46 Posted: 18 Jul 2006
Praveen Kumar and Stuart M. Turnbull
University of Houston - Department of Finance and University of Houston - C.T. Bauer College of Business
Downloads 260 (148,215)
Citation 3

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Business Methods, Financial Innovations, Patents, Licenses, Real Options

19.

Managerial Entrenchment and Corporate Risk Management

Number of pages: 56 Posted: 30 Aug 2010 Last Revised: 07 Jan 2011
Praveen Kumar and Ramon Rabinovitch
University of Houston - Department of Finance and University of Houston - Department of Finance
Downloads 204 (187,019)

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Risk management; Managerial entrenchment; Free cash flows; Corporate governance; Oil and gas industry

20.

Globalization, Competition and Entrepreneurial Activity: Theory and Evidence from U.S. Households

WFA 2018 Meeting Paper, AEA 2019 Meeting Paper, EFA 2019 Meeting Paper, Journal of Monetary Economics, Forthcoming
Number of pages: 57 Posted: 23 Oct 2017 Last Revised: 22 Apr 2021
Hadiye Aslan and Praveen Kumar
Georgia State University - Department of Finance and University of Houston - Department of Finance
Downloads 176 (213,326)

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Entrepreneurship, Product Market Competition, U.S. Census Data, Entry and Exit

21.

Stock Performance or Entrenchment? The Effects of Mergers and Acquisitions on CEO Compensation

Number of pages: 56 Posted: 20 Aug 2012
Praveen Kumar, Liang-wei Kuo and Latha Ramchand
University of Houston - Department of Finance, National Chung Cheng University - Department of Finance and University of Houston
Downloads 159 (232,560)

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Executive compensation, Mergers and Acquisitions, Entrenchment, Stock Performance

22.

Main Street versus Wall Street: Efficiency and Wealth Redistribution Effects of Insider Trading

Number of pages: 42 Posted: 26 Feb 2009 Last Revised: 16 Mar 2010
Praveen Kumar and Shiva Sivaramakrishnan
University of Houston - Department of Finance and Rice University
Downloads 152 (241,498)

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Insider trading, Generalized agency, Executive compensation, Market liquidity

23.

Boom and Gloom

Journal of Finance, Forthcoming
Number of pages: 68 Posted: 19 Jun 2015
Paul Povel, Giorgo Sertsios, Renata Kosova and Praveen Kumar
University of Houston - Department of Finance, C.T. Bauer College of Business, Universidad de los Andes, Chile, Imperial College London and University of Houston - Department of Finance
Downloads 147 (248,119)

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Investment cycles, booms, herding, competition, imitation

24.

Optimal Capital Structure and Investment with Real Options and Endogenous Debt Costs

Forthcoming, Review of Financial Studies
Number of pages: 56 Posted: 16 Aug 2017
Praveen Kumar and Vijay Yerramilli
University of Houston - Department of Finance and University of Houston, C. T. Bauer College of Business
Downloads 134 (266,974)
Citation 2

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Capital Structure; Operating Leverage; Capacity Investment; Real Options; Adjustment Costs

25.

Strategic Ownership Structure and the Cost of Debt

Review of Financial Studies, Vol. 25, No. 7
Number of pages: 71 Posted: 28 Apr 2012 Last Revised: 13 Aug 2015
Hadiye Aslan and Praveen Kumar
Georgia State University - Department of Finance and University of Houston - Department of Finance
Downloads 130 (273,045)
Citation 4

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Ownership structure, Cost of debt, Tunneling, Debt renegotiation, Corporate governance, Investor rights

26.

Intertemporal Price-Quality Discrimination and the Coase Conjecture

Downloads 127 (277,898)

Intertemporal Price-Quality Discrimination and the Coase Conjecture

Number of pages: 45 Posted: 17 Mar 2003
Praveen Kumar
University of Houston - Department of Finance
Downloads 127 (279,036)
Citation 2

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Durable goods monopoly, Quality discrimination, Coase conjecture

Intertemporal Price-Quality Discrimination and the Coase Conjecture

Journal of Mathematical Economics, Vol. 42, pp. 896-940, 2006
Posted: 26 Oct 2006
Praveen Kumar
University of Houston - Department of Finance

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Durable goods monopoly, Quality discrimination, Coase conjecture

27.

Innovation, Stock Market Feedback and Good Idiosyncratic Volatility

Number of pages: 63 Posted: 28 Apr 2018
Praveen Kumar and Dongmei Li
University of Houston - Department of Finance and University of South Carolina - Darla Moore School of Business - Department of Finance
Downloads 121 (288,056)

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Innovation, Feedback effect, Idiosyncratic volatility, Investment, Returns

28.

Boom and Gloom

Number of pages: 53 Posted: 29 Mar 2013 Last Revised: 03 May 2014
Renata Kosova, Praveen Kumar, Paul Povel and Giorgo Sertsios
Imperial College London, University of Houston - Department of Finance, University of Houston - Department of Finance, C.T. Bauer College of Business and Universidad de los Andes, Chile
Downloads 104 (320,160)
Citation 5

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Investment cycles, booms, herding, competition

29.

Crowdfunding, Financing Constraints and Real Effects

Management Science, Forthcoming
Number of pages: 40 Posted: 29 Apr 2019
Praveen Kumar, Nisan Langberg and David Zvilichovsky
University of Houston - Department of Finance, University of Houston - C.T. Bauer College of Business and Coller School of Management Tel Aviv University
Downloads 101 (326,370)
Citation 4

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Crowdfunding, Financing Platforms, Pivotal Contracts, Price Discrimination, Financing Constraints

30.

Structural Uncertainty, Learning, and Asset Pricing

Number of pages: 51 Posted: 18 Sep 2009 Last Revised: 15 Mar 2010
Evgenia Gvozdeva and Praveen Kumar
Russell Investments and University of Houston - Department of Finance
Downloads 96 (337,291)

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Structural uncertainty, Bayesian learning, Equity premium, Market volatility, Persistence

31.

Stapled Financing, Value Certification, and Lending Efficiency

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 49 Posted: 03 Oct 2015
Hadiye Aslan and Praveen Kumar
Georgia State University - Department of Finance and University of Houston - Department of Finance
Downloads 91 (348,850)
Citation 2

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Stapled finance, Value Certification, Lending Efficiency, Advisory fees

32.

Innovations, Rational Exuberance and Investment

AFA 2012 Chicago Meetings Paper
Number of pages: 37 Posted: 06 Mar 2011
Praveen Kumar and Nisan Langberg
University of Houston - Department of Finance and University of Houston - C.T. Bauer College of Business
Downloads 77 (385,625)

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Information aggregation, Investment, Bilateral contracting, Noisy revelation

33.

Estimation Risk, Learning and the Equity Premium

Number of pages: 61 Posted: 08 Feb 2011
Evgenia Gvozdeva and Praveen Kumar
Russell Investments and University of Houston - Department of Finance
Downloads 68 (412,913)

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Estimation risk, Bayesian learning, Equity premium, Convergence, Persistence

34.

New Estimates of the Value of Federal Mineral Rights and Land

NBER Working Paper No. w1447
Number of pages: 35 Posted: 19 Jun 2004 Last Revised: 17 Jun 2021
Michael J. Boskin, Praveen Kumar, Marc Robinson and Terrance O'Reilly
Stanford University - The Hoover Institution on War, Revolution and Peace, University of Houston - Department of Finance, Queensland University of Technology - School of Economics and Finance and Willamette University - College of Law
Downloads 68 (412,913)
Citation 1

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35.

Asset Pricing with Unknown Consumption and Financial Risk

Number of pages: 54 Posted: 15 Mar 2011
Evgenia Gvozdeva and Praveen Kumar
Russell Investments and University of Houston - Department of Finance
Downloads 52 (470,035)
Citation 3

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Parameter Uncertainty, Consumption and Dividend Dynamics, Equity Premium, Persistence

36.

The Real Effects of Forced Sales of Corporate Bonds

Journal of Monetary Economics 95, pp 1-17 , 2014 AFA Meeting Paper
Number of pages: 40 Posted: 05 Aug 2019
Hadiye Aslan and Praveen Kumar
Georgia State University - Department of Finance and University of Houston - Department of Finance
Downloads 48 (486,368)
Citation 1

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Forced Sales, Corporate Bonds, Subprime Mortgage Crisis, Capital Investment, Product Markets

37.

How Does Information Asymmetry Affect Corporate Hedging?

Number of pages: 54 Posted: 26 Apr 2021 Last Revised: 12 May 2021
Praveen Kumar, Kit Pong Wong, Shijie Yang, Margaret Rui Zhu and Hong Zou
University of Houston - Department of Finance, University of Hong Kong, The Chinese University of Hong Kong, Shenzhen, The Chinese University of Hong Kong (CUHK) and The University of Hong Kong - Faculty of Business and Economics
Downloads 45 (499,569)

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Information asymmetry, collateral, risk management, hedging, analysts

38.

Corporate Investment and Financing over the Industry Business Cycle

Number of pages: 61 Posted: 27 Apr 2020
Praveen Kumar and Vijay Yerramilli
University of Houston - Department of Finance and University of Houston, C. T. Bauer College of Business
Downloads 35 (547,585)

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Industry business cycle, capital investment, financing, manufacturing

39.

Group Decisions, Contracts and Informational Cascades

Number of pages: 37 Posted: 24 Sep 2011
Praveen Kumar and Nisan Langberg
University of Houston - Department of Finance and University of Houston - C.T. Bauer College of Business
Downloads 22 (626,820)

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Group Decisions, Bayesian learning, Optimal contracting, Interest conflicts, Pooling

40.

Dynamic Multivariate Learning with Generalized Information

Number of pages: 44 Posted: 16 Aug 2021 Last Revised: 19 Aug 2021
Praveen Kumar and James Yae
University of Houston - Department of Finance and University of Houston - C. T. Bauer College of Business
Downloads 13 (692,558)

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Learning, Parameter Uncertainty, Signal Correlation, Equity Premium

41.

Financial Flexibility and Opportunity Capture: Bridging the Gap between Finance and Strategy

Journal of Applied Corporate Finance, Vol. 30, Issue 1, pp. 23-29, 2018
Number of pages: 9 Posted: 10 May 2018
Stephen Arbogast and Praveen Kumar
University of North Carolina (UNC) at Chapel Hill - Kenan-Flagler Business School and University of Houston - Department of Finance
Downloads 4 (763,148)
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42.

Debt Covenants and Corporate Governance

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Debt Covenants and Corporate Governance

Annual Review of Financial Economics Vol. 11:197-219 (Volume publication date December 2019)
Posted: 09 Mar 2020
Sudheer Chava, Shunlan Fang, Praveen Kumar and Saumya Prabhat
Georgia Institute of Technology - Scheller College of Business, Kent State University, University of Houston - Department of Finance and Indian School of Business (ISB), Hyderabad

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debt covenants, corporate finance, corporate governance, covenant violations, control rights

Debt Covenants and Corporate Governance

Annual Review of Financial Economics, Vol. 11, pp. 197-219, 2019
Posted: 12 Jan 2020
Sudheer Chava, Shunlan Fang, Praveen Kumar and Saumya Prabhat
Georgia Institute of Technology - Scheller College of Business, Kent State University, University of Houston - Department of Finance and Federal Home Loan Mortgage Corporation (FHLMC)

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43.

Joint-Learning, Belief-Covariations, and Asset Prices

Posted: 24 Oct 2018
James Yae and Praveen Kumar
University of Houston - C. T. Bauer College of Business and University of Houston - Department of Finance

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Parameter Uncertainty, Learning, Equity Premium, Information Quality

44.

Voluntary Disclosure and Informed Trading in the IPO Market

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Voluntary Disclosure and Informed Trading in the IPO Market

Journal of Accounting Research, Vol. 54, No. 5, 2016
Posted: 09 Feb 2017
Praveen Kumar, Nisan Langberg and Shiva Sivaramakrishnan
University of Houston - Department of Finance, University of Houston - C.T. Bauer College of Business and Rice University

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IPO markets, real investment, underpricing, private information, informed trading

Voluntary Disclosure and Informed Trading in the IPO Market

Journal of Accounting Research, Vol. 54, No. 5, 2016
Posted: 29 Apr 2017
Praveen Kumar, Nisan Langberg and Shiva Sivaramakrishnan
University of Houston - Department of Finance, University of Houston - C.T. Bauer College of Business and Rice University

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IPO markets, real investment, underpricing, private information, informed trading

45.

Voluntary Disclosure and Strategic Stock Repurchases

Journal of Accounting & Economics (JAE), Forthcoming
Posted: 08 Feb 2017
Praveen Kumar, Nisan Langberg, Jacob Oded and Shiva Sivaramakrishnan
University of Houston - Department of Finance, University of Houston - C.T. Bauer College of Business, Tel Aviv University - Coller School of Management and Rice University

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Voluntary Disclosure, Repurchase, Buybacks, Informed Trading

46.

Optimal Incentive Contracts and Information Cascades

Review of Corporate Finance Studies 3, 123-161, 2014
Posted: 25 Aug 2014
Praveen Kumar and Nisan Langberg
University of Houston - Department of Finance and University of Houston - C.T. Bauer College of Business

Abstract:

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47.

National Governance Bundles and Corporate Agency Costs: A Cross‐Country Analysis

Corporate Governance: An International Review, Vol. 22, Issue 3, pp. 230-251, 2014
Number of pages: 22 Posted: 30 Apr 2014
Hadiye Aslan and Praveen Kumar
Georgia State University - Department of Finance and University of Houston - Department of Finance
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Corporate Governance, National Governance Bundles, Agency Costs, Ownership Structures, Cost of Debt

48.

Information Manipulation and Rational Investment Booms and Busts

Journal of Monetary Economics, Forthcoming
Posted: 24 Mar 2013
Praveen Kumar and Nisan Langberg
University of Houston - Department of Finance and University of Houston - C.T. Bauer College of Business

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investment distortions, information manipulation, contracting, learning

49.

CEO Entrenchment and Corporate Hedging: Evidence from the Oil and Gas Industry

Journal of Financial and Quantitative Analysis, Forthcoming
Posted: 23 Mar 2012
Praveen Kumar and Ramon Rabinovitch
University of Houston - Department of Finance and University of Houston - Department of Finance

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Risk management, Managerial entrenchment, Free cash flows, Corporate governance, Oil and gas industry

50.

Voluntary Disclosures, Corporate Control, and Investment

Journal of Accounting Research, Forthcoming
Posted: 27 Jan 2012
Praveen Kumar, Nisan Langberg and Shiva Sivaramakrishnan
University of Houston - Department of Finance, University of Houston - C.T. Bauer College of Business and Rice University

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Voluntary Disclosure, Corporate Investment, Corporate Control

51.

Managerial Agency and Bond Covenants

Review of Financial Studies, Forthcoming
Posted: 09 Mar 2009
Sudheer Chava, Praveen Kumar and Arthur Warga
Georgia Institute of Technology - Scheller College of Business, University of Houston - Department of Finance and University of Houston - Department of Finance

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Managerial entrenchment, Fraud, Bond covenants, Contracting efficiency

52.

Valuation Risk, Control and the Public Financing of Entrepreneurial Firms

AFA 2011 Denver Meetings Paper
Posted: 10 Sep 2008 Last Revised: 07 Oct 2018
Hadiye Aslan and Praveen Kumar
Georgia State University - Department of Finance and University of Houston - Department of Finance

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Valuation Risk, Control Benefits, Overvaluation, Initial Public Offers; Acquisitions

53.

Corporate Fraud and Investment Distortions in Efficient Capital Markets

RAND Journal of Economics, Forthcoming
Posted: 25 Aug 2008
Praveen Kumar and Nisan Langberg
University of Houston - Department of Finance and University of Houston - C.T. Bauer College of Business

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Investment inefficiency, Fraud, Agency conflicts, Takeovers, Renegotiation-proof contracts

54.

Optimal Patenting and Licensing of Financial Innovations

Management Science, Forthcoming
Posted: 22 Apr 2008
Praveen Kumar and Stuart M. Turnbull
University of Houston - Department of Finance and University of Houston - C.T. Bauer College of Business

Abstract:

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Business Methods, Financial Innovations, Patents, Licenses, Real Options

55.

Estimation Risk, Information, and the Conditional CAPM: Theory and Evidence

Downloads 0 (808,866)

Estimation Risk, Information, and the Conditional CAPM: Theory and Evidence

Review of Financial Studies, Forthcoming
Posted: 11 Feb 2007
Praveen Kumar, Sorin M. Sorescu, Rodney D Boehme and Bartley R. Danielsen
University of Houston - Department of Finance, Texas A&M University - Department of Finance, Wichita State University - Department of Finance, Real Estate & Decision Sciences (FREDS) and North Carolina State University - Poole College of Management

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Estimation risk, Information quality, Conditional CAPM, Risk factors, Dividend initiations

Estimation Risk, Information, and the Conditional CAPM: Theory and Evidence

The Review of Financial Studies, Vol. 21, Issue 3, pp. 1037-1075, 2008
Posted: 02 Jul 2008
Praveen Kumar, Sorin M. Sorescu, Rodney D Boehme and Bartley R. Danielsen
University of Houston - Department of Finance, Texas A&M University - Department of Finance, Wichita State University - Department of Finance, Real Estate & Decision Sciences (FREDS) and North Carolina State University - Poole College of Management

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D83, D92, E22

56.

Dividend Changes and Signaling of Future Cash Flows

Posted: 09 Mar 2006
Amy Chun-Chia Chang, Amy Chun-Chia Chang, Praveen Kumar and Shiva Sivaramakrishnan
San Francisco State UniversityUniversity of Houston, University of Houston - Department of Finance and Rice University

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Dividend signaling, Cash flow uncertainty, Market-to-book ratio, Time-varying information content

57.

Agency and Corporate Investment: The Role of Executive Compensation and Corporate Governance

Posted: 18 Apr 2004
Sok-Hyon Kang, Praveen Kumar and Hyunkoo Lee
George Washington University - School of Business, University of Houston - Department of Finance and International University of Japan - Graduate School of International Management

Abstract:

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58.

Managerial Entrenchment and Payout Policy

Posted: 09 Jan 2004
Aidong Hu and Praveen Kumar
Sonoma State University - School of Business and Economics and University of Houston - Department of Finance

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Managerial entrenchment, dividends, share repurchases, corporate governance

59.

Price and Quality Discrimination in Durable Goods Monopoly with Resale Trading

Posted: 31 May 2002
Praveen Kumar
University of Houston - Department of Finance

Abstract:

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60.

Corporate Governance, Takeovers, and Top-Management Compensation: Theory and Evidence

Management Science, Vol. 48, No. 4, April 2002
Posted: 01 May 2002
Richard Cyert, Praveen Kumar and Sok-Hyon Kang
Formerly affiliated with Carnegie Mellon University - Graduate School of Industrial Administration (GSIA), University of Houston - Department of Finance and George Washington University - School of Business

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corporate governance and board of directors, takeover threats, stock options and CEO compensation, default risk

61.

Discrete Dividend Policy with Permanent Earnings

Financial Management, Vol. 30, Iss. 3, Autumn 2001
Posted: 26 Dec 2001
Bong-Soo Lee and Praveen Kumar
Korea Advanced Institute of Science and Technology (KAIST) and University of Houston - Department of Finance

Abstract:

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62.

Empirical Dynamic Stochastic Models for Firm Dividends

Advances in Financial Planning and Forecasting, Vol. 9
Posted: 26 Apr 2001
Edward P. Kao and Praveen Kumar
University of Houston - C.T. Bauer College of Business and University of Houston - Department of Finance

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Dividend Policy, Markov Chains, Stock Splits

63.

On the Generalized Principal-Agent Problem: Decomposition and Existence Results

Review of Economic Design, Forthcoming
Posted: 29 Nov 1999
Peter S. Faynzilberg and Praveen Kumar
The Aleph Group, LLC and University of Houston - Department of Finance

Abstract:

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64.

Information and Index Arbitrage

Posted: 27 Oct 1999
Duane J. Seppi and Praveen Kumar
Carnegie Mellon University - David A. Tepper School of Business and University of Houston - Department of Finance

Abstract:

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65.

Decentralization, Agency, and Dynamic Oligopoly

Posted: 10 Aug 1999
Praveen Kumar
University of Houston - Department of Finance

Abstract:

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66.

Limit and Market Orders with Optimizing Traders

Posted: 20 Dec 1998
Duane J. Seppi and Praveen Kumar
Carnegie Mellon University - David A. Tepper School of Business and University of Houston - Department of Finance

Abstract:

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67.

Managerial Objectives and Firm Dividend Policy: A Behavioral Theory and Empirical Evidence

JOURNAL OF ECONOMIC BEHAVIOR AND ORGANIZATION, 1995
Posted: 20 Dec 1998
Richard Cyert, Praveen Kumar and Sok-Hyon Kang
Formerly affiliated with Carnegie Mellon University - Graduate School of Industrial Administration (GSIA), University of Houston - Department of Finance and George Washington University - School of Business

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68.

Corporate Governance and the Level of CEO Compensation

Posted: 22 Sep 1997
Richard Cyert, Sok-Hyon Kang, Praveen Kumar and Anish Shah
Formerly affiliated with Carnegie Mellon University - Graduate School of Industrial Administration (GSIA), George Washington University - School of Business, University of Houston - Department of Finance and Bain & Company

Abstract:

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69.

Optimal Contracting of Separable Production Technologies

Games and Economic Behavior, Vol. 21, No. 1-2, pp. 15-39, October 1997
Posted: 26 Feb 1997
Peter S. Faynzilberg and Praveen Kumar
The Aleph Group, LLC and University of Houston - Department of Finance

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Other Papers (1)

Total Downloads: 32
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1.

How Predictable Were the Bank Failures of 2008?

Number of pages: 31 Posted: 20 Mar 2009
Jeremy Berkowitz, Praveen Kumar and Nisan Langberg
University of Houston - Department of Finance, University of Houston - Department of Finance and University of Houston - C.T. Bauer College of Business
Downloads 32

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bank failure, predictability, default probability, financial crisis