Praveen Kumar

University of Houston - Department of Finance

Professor

Houston, TX 77204

United States

SCHOLARLY PAPERS

70

DOWNLOADS
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Top 5,895

in Total Papers Downloads

14,571

TOTAL CITATIONS
Rank 5,276

SSRN RANKINGS

Top 5,276

in Total Papers Citations

201

Scholarly Papers (70)

1.
Downloads 1,205 (36,260)
Citation 17

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 686 (77,608)
Citation 8

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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 519 (110,559)
Citation 9

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Managerial entrenchment, Fraud, Bond covenants, Contracting efficiency

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 1,195 (36,125)
Citation 29

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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
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
Downloads 1,132 (39,745)
Citation 16

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Idiosyncratic volatility, expected returns

Overinvestment and Corporate Fraud in Efficient Capital Markets

Number of pages: 48 Posted: 07 Apr 2006
Nisan Langberg and Praveen Kumar
Tel Aviv University - Coller School of Management and University of Houston - Department of Finance
Downloads 600 (92,144)

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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
Tel Aviv University - Coller School of Management and University of Houston - Department of Finance
Downloads 294 (211,381)

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Overinvestment, Investor Coordination, Fraud, Managerial Control

5.

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
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 842 (60,133)
Citation 6

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

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 443 (133,911)
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 384 (158,007)
Citation 1

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

7.

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 749 (70,305)
Citation 5

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

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 608 (91,797)
Citation 43

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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 526 (110,118)
Citation 11

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Debt Overhang, Shareholder Bargaining Power, APR Violations

10.

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 469 (126,416)
Citation 1

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

11.

(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, Tel Aviv University - Coller School of Management and Coller School of Management Tel Aviv University
Downloads 451 (132,502)
Citation 9

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Crowdfunding, Financing Platforms, Price Discrimination, Financial Constraints

12.

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 371 (165,787)
Citation 3

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

13.

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 365 (169,858)
Citation 5

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

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
Tel Aviv University - Coller School of Management and University of Houston - Department of Finance
Downloads 193 (320,403)
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 Tel Aviv University - Coller School of Management
Downloads 131 (447,280)

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

15.

Asset Pricing with Estimation-Risk and Uncertain Information Quality

Number of pages: 40 Posted: 29 Apr 2005
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
Downloads 310 (201,263)
Citation 1

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Estimation-risk; Information quality; Conditional CAPM

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 309 (200,404)
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

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 309 (200,404)

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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

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 307 (203,394)
Citation 4

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

19.

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 255 (246,214)
Citation 1

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

20.

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 237 (264,723)

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

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 206 (302,534)

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Executive compensation, Mergers and Acquisitions, Entrenchment, Stock Performance

22.

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 205 (303,929)
Citation 4

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

23.

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 198 (313,876)
Citation 2

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

24.

Boom and Gloom

Journal of Finance, Forthcoming
Number of pages: 68 Posted: 19 Jun 2015
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 185 (334,029)

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Investment cycles, booms, herding, competition, imitation

25.

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 185 (334,029)

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Insider trading, Generalized agency, Executive compensation, Market liquidity

26.

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 184 (335,665)
Citation 1

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Innovation, Feedback effect, Idiosyncratic volatility, Investment, Returns

27.

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, Tel Aviv University - Coller School of Management and Coller School of Management Tel Aviv University
Downloads 168 (363,691)
Citation 15

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

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 161 (376,971)
Citation 4

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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

29.

Does Resolution of Trade Policy Uncertainty Affect Shareholder Returns in Mergers and Acquisitions?

Number of pages: 49 Posted: 30 Nov 2021
Praveen Kumar, George Zhe Tian and Vijay Yerramilli
University of Houston - Department of Finance, The University of Tampa - John H. Sykes College of Business and University of Houston, C. T. Bauer College of Business
Downloads 157 (385,403)

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Mergers and Acquisitions, Trade Policy Uncertainty, Shareholder Wealth, Product Market Competition

30.

Boom and Gloom

Number of pages: 53 Posted: 29 Mar 2013 Last Revised: 03 May 2014
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 144 (413,785)
Citation 5

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Investment cycles, booms, herding, competition

31.

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 121 (474,101)
Citation 1

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

32.

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 118 (483,449)
Citation 2

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Stapled finance, Value Certification, Lending Efficiency, Advisory fees

33.

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 Tel Aviv University - Coller School of Management
Downloads 109 (512,716)

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Information aggregation, Investment, Bilateral contracting, Noisy revelation

34.

Corporate Hedging, Investment, and Higher Moments of Stock Returns

Number of pages: 50 Posted: 06 Dec 2021 Last Revised: 31 Aug 2023
Hitesh Doshi, Praveen Kumar and Virgilio Zurita
University of Houston - C.T. Bauer College of Business, University of Houston - Department of Finance and Southern Illinois University - Southern Illinois University at Carbondale
Downloads 100 (545,119)

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Hedging; Investment, Option Prices, Risk Management, Skewness

35.

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 99 (548,780)
Citation 6

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

36.

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 Dec 2022
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 96 (567,444)
Citation 1

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37.

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 91 (579,060)

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

38.

Firm Size, Capital Investment and Debt Financing over Industry Business Cycles

Journal of Financial and Quantitative Analysis, Forthcoming
Number of pages: 43 Posted: 02 Oct 2023
Praveen Kumar and Vijay Yerramilli
University of Houston - Department of Finance and University of Houston, C. T. Bauer College of Business
Downloads 88 (590,956)

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Industry shocks, capital investment, markups, debt financing

39.

Product Market Competition, Mergers and Acquisitions, and Covenant Redesign

Review of Corporate Finance studies, Forthcoming.
Number of pages: 59 Posted: 24 Apr 2024
Georgia State University - Department of Finance, Lazaridis School of Business and Economics, Wilfrid Laurier University, University of Houston - Department of Finance and University of Central Florida - College of Business Administration
Downloads 80 (629,414)

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Covenants; mergers and acquisitions; competition; bond repurchases

40.

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 78 (633,783)
Citation 3

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

41.

Investment and Financing Sensitivity of Large versus Small Firms to Industry Growth Shocks

Number of pages: 60 Posted: 27 Apr 2020 Last Revised: 07 Mar 2022
Praveen Kumar and Vijay Yerramilli
University of Houston - Department of Finance and University of Houston, C. T. Bauer College of Business
Downloads 71 (666,551)

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Industry business cycle, capital investment, financing, manufacturing

42.

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 Tel Aviv University - Coller School of Management
Downloads 42 (846,370)

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

Debt Covenants and Corporate Governance

Annual Review of Financial Economics Vol. 11:197-219 (Volume publication date December 2019)
Posted: 09 Mar 2020
Georgia Institute of Technology - Scheller College of Business, Kent State UniversityKent 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
Georgia Institute of Technology - Scheller College of Business, Kent State UniversityKent State University, University of Houston - Department of Finance and Federal Home Loan Mortgage Corporation (FHLMC)

Abstract:

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44.

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

Voluntary Disclosure and Informed Trading in the IPO Market

Journal of Accounting Research, Vol. 54, No. 5, 2016
Posted: 09 Feb 2017
University of Houston - Department of Finance, Tel Aviv University - Coller School of Management 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
University of Houston - Department of Finance, Tel Aviv University - Coller School of Management and Rice University

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

46.

Voluntary Disclosure and Strategic Stock Repurchases

Journal of Accounting & Economics (JAE), Forthcoming
Posted: 08 Feb 2017
University of Houston - Department of Finance, Tel Aviv University - Coller School of Management, Tel Aviv University - Coller School of Management and Rice University

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Voluntary Disclosure, Repurchase, Buybacks, Informed Trading

47.

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 Tel Aviv University - Coller School of Management

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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 Tel Aviv University - Coller School of Management

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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
University of Houston - Department of Finance, Tel Aviv University - Coller School of Management 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

Abstract:

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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

Abstract:

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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 Tel Aviv University - Coller School of Management

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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

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

Review of Financial Studies, Forthcoming
Posted: 11 Feb 2007
University of Houston - Department of Finance, Texas A&M University, Wichita State University - Department of Finance, Real Estate & Decision Sciences (FREDS) and North Carolina State University - Poole College of Management

Abstract:

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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
University of Houston - Department of Finance, Texas A&M University, Wichita State University - Department of Finance, Real Estate & Decision Sciences (FREDS) and North Carolina State University - Poole College of Management

Abstract:

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D83, D92, E22

56.

Dividend Changes and Signaling of Future Cash Flows

Posted: 09 Mar 2006
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

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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

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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

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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

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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

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65.

Decentralization, Agency, and Dynamic Oligopoly

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

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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

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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

Abstract:

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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

Abstract:

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70.

Industry Life Cycles, Capital Investment, and Value Premium Dynamics

Number of pages: 52
Praveen Kumar and George Zhe Tian
University of Houston - Department of Finance and The University of Tampa - John H. Sykes College of Business
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Abstract:

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Capital Investment, Value Premium, industry life cycles

Other Papers (1)

Total Downloads: 49
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 Tel Aviv University - Coller School of Management
Downloads 49

Abstract:

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bank failure, predictability, default probability, financial crisis