Ashish Tiwari

University of Iowa

Professor

Finance Department

Henry B. Tippie College of Business, 108 PBB

Iowa City, IA 52242

United States

https://tippie.uiowa.edu/people/ashish-tiwari

  • University of Iowa

    • Email
    • Tel: (319) 353-2185
    • Fax: (319) 335-3690
SCHOLARLY PAPERS

25

DOWNLOADS

11,679

TOTAL CITATIONS

112

Ideas:
“  (1) Avoiding False Positives in the Search for Alpha: A Bayesian Perspective (2) Evaluating Hedge Funds with Machine Learning-Based Benchmarks (3) Uncovering Sparsity in the SDF  ”

  • University of Iowa

    • Email
    • Tel: (319) 353-2185
    • Fax: (319) 335-3690

Scholarly Papers (25)

Actions:
Email selected abstracts
1.

Portfolio Performance and Strategic Asset Allocation Across Different Economic Conditions

Number of pages: 37 Posted: 15 Mar 2006
Jarjisu Sa-Aadu, James D. Shilling and Ashish Tiwari
University of Iowa - Department of Finance, DePaul University and University of Iowa
Downloads 1,523 (26,996)
Citation 1

Abstract:

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Portfolio diversification, volatility bounds, mean-variance spanning, regime switching

2.

Does Stock Return Predictability Imply Improved Asset Allocation and Performance? Evidence from the U.S. Stock Market (1954-2002)

Downloads 1,269 (35,367)
Citation 3

Does Stock Return Predictability Imply Improved Asset Allocation and Performance? Evidence from the U.S. Stock Market (1954-2002)

Number of pages: 55 Posted: 15 Jan 2001
Puneet Handa and Ashish Tiwari
University of Iowa - Department of Finance and University of Iowa
Downloads 1,269 (34,766)
Citation 3

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Predictability, parameter uncertainty, asset allocation, predictive distribution, conditioning information, performance evaluation, market timing

Does Stock Return Predictability Imply Improved Asset Allocation and Performance? Evidence from the U.S. Stock Market (1954-2002)

Posted: 14 Apr 2005
Puneet Handa and Ashish Tiwari
University of Iowa - Department of Finance and University of Iowa

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Predictability, parameter uncertainty, asset allocation, predictive distribution, conditioning information, performance evaluation, market timing

3.

Quote Setting and Price Formation in an Order Driven Market

Downloads 1,151 (40,828)
Citation 15

Quote Setting and Price Formation in an Order Driven Market

Number of pages: 42 Posted: 05 Jul 1999
Puneet Handa, Robert A. Schwartz and Ashish Tiwari
University of Iowa - Department of Finance, Baruch College - CUNY and University of Iowa
Downloads 1,151 (40,179)
Citation 15

Abstract:

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Quote Setting and Price Formation in an Order Driven Market

Posted: 14 Aug 2002
Ashish Tiwari, Robert A. Schwartz and Puneet Handa
University of Iowa, Baruch College - CUNY and University of Iowa - Department of Finance

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Price Formation, Order driven market, Limit order trading

4.

Sector Fund Performance

University of Iowa Working Paper
Number of pages: 40 Posted: 14 Dec 2001
Anand M. Vijh and Ashish Tiwari
University of Iowa - Department of Finance and University of Iowa
Downloads 884 (59,127)
Citation 5

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Sector funds, Sector rotation/timing, Fund Selection Ability, Performance Persistence

5.

Testing the CAPM Revisited

Downloads 633 (91,691)

Testing the CAPM Revisited

Number of pages: 35 Posted: 23 Mar 2009 Last Revised: 04 Oct 2009
Surajit D. Ray, N. Eugene Savin and Ashish Tiwari
Morgan Stanley, University of Iowa - Henry B. Tippie College of Business - Department of Economics and University of Iowa
Downloads 442 (141,252)

Abstract:

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CAPM, Heteroskedasticity and autocorrelation robust (HAR) tests, Conventional Wald tests

Testing the CAPM Revisited

Journal of Empirical Finance, Vol. 16, No. 5, 2009
Number of pages: 35 Posted: 04 Dec 2009
Surajit D. Ray, N. Eugene Savin and Ashish Tiwari
Morgan Stanley, University of Iowa - Henry B. Tippie College of Business - Department of Economics and University of Iowa
Downloads 191 (341,689)

Abstract:

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CAPM, Heteroskedasticity and autocorrelation robust tests, Heteroskedasticity and autocorrelation consistent estimators, Bartlett and Parzen kernels

6.

Identifying Signals of the Cross Section of Stock Returns

Number of pages: 97 Posted: 04 Aug 2021 Last Revised: 01 Mar 2023
Tengjia Shu and Ashish Tiwari
University of Illinois at Chicago and University of Iowa
Downloads 625 (93,164)

Abstract:

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Factor Zoo, Anomalies, Stochastic Discount Factor, Bayesian Inference, Machine Learning, Ensemble-of-Trees

7.

Does Stock Return Momentum Explain the 'Smart Money' Effect?

Journal of Finance, Vol. 59, pp. 2605-2622, 2004
Number of pages: 28 Posted: 06 Oct 2003 Last Revised: 10 Aug 2009
Travis Sapp and Ashish Tiwari
Iowa State University - Department of Finance and University of Iowa
Downloads 589 (100,538)
Citation 13

Abstract:

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Mutual Fund Cash Flows, Smart Money, Momentum, Performance of fund investors

8.

Modeling the Cross Section of Stock Returns: A Model Pooling Approach

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 54 Posted: 15 Mar 2010 Last Revised: 06 May 2012
Michael S. O'Doherty, N. Eugene Savin and Ashish Tiwari
University of Missouri at Columbia - Department of Finance, University of Iowa - Henry B. Tippie College of Business - Department of Economics and University of Iowa
Downloads 506 (121,450)
Citation 23

Abstract:

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Asset pricing, Model pooling, Model combination, Forecasting, Predictive distributions, Log predictive score

9.

Evaluating Hedge Funds with Machine Learning-Based Benchmarks

Number of pages: 70 Posted: 28 Sep 2022 Last Revised: 03 Apr 2025
Tengjia Shu and Ashish Tiwari
University of Illinois at Chicago and University of Iowa
Downloads 437 (144,714)
Citation 1

Abstract:

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Hedge Fund, Bayesian Inference, Machine Learning, Regression Trees, Performance Evaluation, Failure Prediction

10.

Conditional Benchmarks and Predictors of Mutual Fund Performance

Number of pages: 46 Posted: 18 Feb 2016 Last Revised: 04 Mar 2018
Scott Cederburg, Michael S. O'Doherty, N. Eugene Savin and Ashish Tiwari
University of Arizona - Department of Finance, University of Missouri at Columbia - Department of Finance, University of Iowa - Henry B. Tippie College of Business - Department of Economics and University of Iowa
Downloads 402 (159,323)
Citation 2

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Mutual funds, performance evaluation, conditional performance evaluation

11.

Hedge Fund Replication: A Model Combination Approach

Review of Finance, Forthcoming
Number of pages: 48 Posted: 25 Jan 2015 Last Revised: 21 Jun 2016
Michael S. O'Doherty, N. Eugene Savin and Ashish Tiwari
University of Missouri at Columbia - Department of Finance, University of Iowa - Henry B. Tippie College of Business - Department of Economics and University of Iowa
Downloads 396 (162,033)
Citation 1

Abstract:

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Hedge funds, Model pooling, Model combination, Hedge fund replication, Log score

12.

Incentive Contracts in Delegated Portfolio Management

Downloads 361 (179,683)
Citation 16

Incentive Contracts in Delegated Portfolio Management

Review of Financial Studies, Forthcoming
Number of pages: 41 Posted: 22 Mar 2007 Last Revised: 03 Mar 2009
C. Wei Li and Ashish Tiwari
University of Iowa and University of Iowa
Downloads 361 (178,024)
Citation 16

Abstract:

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Incentive Contracts, Delegated Portfolio Management, Mutual Funds, Performance Fees

Incentive Contracts in Delegated Portfolio Management

The Review of Financial Studies, Vol. 22, Issue 11, pp. 4681-4714, 2009
Posted: 08 Dec 2009
C. Wei Li and Ashish Tiwari
University of Iowa and University of Iowa

Abstract:

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13.

Investment Decisions Under Ambiguity: Evidence from Mutual Fund Investor Behavior

Forthcoming in Management Science
Number of pages: 46 Posted: 27 Sep 2013 Last Revised: 05 Sep 2016
C. Wei Li, Ashish Tiwari and Lin Tong
University of Iowa, University of Iowa and Fordham University - Finance Area
Downloads 335 (194,920)
Citation 1

Abstract:

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Ambiguity aversion, Mutual fund performance, Investor behavior, Bayesian learning, Flow-performance sensitivity

14.

On the Consequences of Mutual Fund Tournaments

Number of pages: 60 Posted: 20 Mar 2005
Wei Li and Ashish Tiwari
University of Iowa - Department of Finance and University of Iowa
Downloads 326 (200,767)
Citation 16

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Mutual fund tournaments, implicit incentives, performance chasing, shareholder welfare

15.

Prime Time for Prime Funds: Floating NAV, Intraday Redemptions and Liquidity Risk During Crises

Number of pages: 43 Posted: 12 Aug 2020 Last Revised: 29 Feb 2024
Lorenzo Casavecchia, Georgina Ge, C. Wei Li and Ashish Tiwari
University of Technology Sydney, Macquarie University - Department of Applied Finance and Actuarial Studies, University of Iowa and University of Iowa
Downloads 324 (202,077)
Citation 3

Abstract:

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Prime Money Market Funds, Intraday Redemptions, Floating NAV, Liquidity Risk, Covid-19, Debt Ceiling Crisis

16.

Evaluating Hedge Funds with Pooled Benchmarks

Management Science, Forthcoming
Number of pages: 38 Posted: 12 Dec 2012 Last Revised: 21 Aug 2014
Michael S. O'Doherty, N. Eugene Savin and Ashish Tiwari
University of Missouri at Columbia - Department of Finance, University of Iowa - Henry B. Tippie College of Business - Department of Economics and University of Iowa
Downloads 292 (226,847)
Citation 1

Abstract:

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Hedge funds, Model pooling, Model combination, Performance evaluation, Predictive distributions, Log predictive score

17.

Cross Trading by Investment Advisers: Implications for Mutual Fund Performance

Journal of Financial Intermediation, Forthcoming
Number of pages: 54 Posted: 07 Feb 2013 Last Revised: 12 Aug 2015
Lorenzo Casavecchia and Ashish Tiwari
University of Technology Sydney and University of Iowa
Downloads 277 (238,701)
Citation 6

Abstract:

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Mutual fund performance, Cross trading, Investment advisers, Brokerage Commissions, Adviser governance

18.

Funding Liquidity Risk and Hedge Fund Performance

30th Australasian Finance and Banking Conference 2017
Number of pages: 56 Posted: 27 May 2014 Last Revised: 08 Aug 2017
Mahmut Ilerisoy, Jarjisu Sa-Aadu and Ashish Tiwari
University of Iowa - Department of Finance, University of Iowa - Department of Finance and University of Iowa
Downloads 276 (239,601)
Citation 1

Abstract:

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Market Liquidity, Funding Liquidity, Hedge Fund Performance, Liquidity Regimes, Regime Switching, Liquidity Spirals

19.

The Economic Value of a Trading Floor: Evidence from the American Stock Exchange

Downloads 271 (244,132)
Citation 2

The Economic Value of a Trading Floor: Evidence from the American Stock Exchange

Number of pages: 37 Posted: 20 Jul 2002
Ashish Tiwari, Robert A. Schwartz and Puneet Handa
University of Iowa, Baruch College - CUNY and University of Iowa - Department of Finance
Downloads 271 (242,434)
Citation 2

Abstract:

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Floor trading, Automated trading, Execution costs

The Economic Value of a Trading Floor: Evidence from the American Stock Exchange

Posted: 14 Aug 2002
Ashish Tiwari, Robert A. Schwartz and Puneet Handa
University of Iowa, Baruch College - CUNY and University of Iowa - Department of Finance

Abstract:

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Floor trading, Automated trading, Execution costs

20.

Mutual Fund Flows, Performance Persistence, and Board Quality

Number of pages: 38 Posted: 16 Mar 2010
Sandy Lai, Ashish Tiwari and Zhe Zhang
University of Hong Kong, University of Iowa and Singapore Management University - Lee Kong Chian School of Business
Downloads 256 (258,598)

Abstract:

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Mutual fund flows, Short-term performance persistence, Fund board quality

21.

Not Held Orders: Evidence on the Value of Order Timing in an Equity Market

Number of pages: 42 Posted: 11 Dec 2000
Puneet Handa, Robert A. Schwartz and Ashish Tiwari
University of Iowa - Department of Finance, Baruch College - CUNY and University of Iowa
Downloads 256 (258,598)
Citation 2

Abstract:

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Price impact, order timing, trading floor

22.

Mutual Fund Tournaments and Fund Active Share

Number of pages: 43 Posted: 27 Nov 2017 Last Revised: 17 Jun 2020
C. Wei Li, Ashish Tiwari and Lin Tong
University of Iowa, University of Iowa and Fordham University - Finance Area
Downloads 165 (390,607)

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Mutual Fund Tournaments, Active Share, Downside Risk, Implicit Incentives, Performance Chasing

23.

Contracting in Delegated Portfolio Management: The Case of Alternative Assets

Number of pages: 42 Posted: 15 Mar 2012 Last Revised: 20 Sep 2013
C. Wei Li and Ashish Tiwari
University of Iowa and University of Iowa
Downloads 96 (595,030)

Abstract:

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Delegated Portfolio Management, Incentive Contracts, Hedge Funds, Alternative Investments, Moral Hazard

24.

Fund Flow Diversification: Implications for Asset Stability, Fee-Setting and Performance

Number of pages: 1 Posted: 28 Dec 2023
Lorenzo Casavecchia and Ashish Tiwari
University of Technology Sydney and University of Iowa
Downloads 29 (1,052,318)

Abstract:

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Code: G23

25.

Stock Return Momentum and Investor Fund Choices

Journal of Investment Management, Vol. 4, No. 3, Third Quarter 2006
Posted: 03 Oct 2006
Travis Sapp and Ashish Tiwari
Iowa State University - Department of Finance and University of Iowa

Abstract:

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Mutual fund selection, stock return momentum, investor behavior

Other Papers (2)

Total Downloads: 205
Actions:
Email selected abstracts
1.

Modeling the Cross Section of Stock Returns: A Model Pooling Approach

Number of pages: 37 Posted: 15 Jan 2010 Last Revised: 08 Aug 2011
Michael S. O'Doherty, N. Eugene Savin and Ashish Tiwari
University of Missouri at Columbia - Department of Finance, University of Iowa - Henry B. Tippie College of Business - Department of Economics and University of Iowa
Downloads 165

Abstract:

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Asset Pricing Models, Model Pooling, Log Predictive Score, Return Prediction

2.

Mutual Fund Flows, Performance Persistence, and Board Quality

Number of pages: 40 Posted: 22 Mar 2009
Sandy Lai, Ashish Tiwari and Zhe Zhang
University of Hong Kong, University of Iowa and Singapore Management University - Lee Kong Chian School of Business
Downloads 40

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mutual fund flows, performance persistence, fund board quality