Kumar Venkataraman

Southern Methodist University (SMU) - Finance Department

James M. Collins Chair in Finance

United States

http://people.smu.edu/kumar/

  • Southern Methodist University (SMU) - Finance Department

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    • Tel: 214-768-7005
    • Fax: 214-768-4099
SCHOLARLY PAPERS

24

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SSRN CITATIONS
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815

CROSSREF CITATIONS

243

Scholarly Papers (24)

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1.

Does Earnings Quality Affect Information Asymmetry? Evidence from Trading Costs

Downloads 2,632 ( 9,110)
Citation 45

Does Earnings Quality Affect Information Asymmetry? Evidence from Trading Costs

Contemporary Accounting Research, Vol. 30, No. 2, 2013
Number of pages: 54 Posted: 15 Feb 2007 Last Revised: 03 Jul 2013
Neil Bhattacharya, Hemang Desai and Kumar Venkataraman
Southern Methodist University (SMU) - Accounting Department, Southern Methodist University (SMU) - Accounting Department and Southern Methodist University (SMU) - Finance Department
Downloads 1,551 (20,632)
Citation 17

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Earnings Quality, Information Asymmetry, Liqudity, Cost of Capital

Earnings Quality and Information Asymmetry: Evidence from Trading Costs

Number of pages: 53 Posted: 11 Sep 2008
Neil Bhattacharya, Hemang Desai and Kumar Venkataraman
Southern Methodist University (SMU) - Accounting Department, Southern Methodist University (SMU) - Accounting Department and Southern Methodist University (SMU) - Finance Department
Downloads 1,081 (35,193)
Citation 10

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Earnings quality, information asymmetry, transactions costs, cost of capital

2.

Capital Commitment and Illiquidity in Corporate Bonds

Journal of Finance, Forthcoming
Number of pages: 68 Posted: 22 Mar 2016 Last Revised: 29 Aug 2017
Hendrik Bessembinder, Stacey E. Jacobsen, William F. Maxwell and Kumar Venkataraman
W.P. Carey School of Business, Southern Methodist University (SMU) - Finance Department, Southern Methodist University (SMU) - Finance Department and Southern Methodist University (SMU) - Finance Department
Downloads 1,691 (18,422)
Citation 157

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Capital commitment, corporate bonds, dealer behavior, Dodd-Frank Act, financial crisis, liquidity, microstructure, transparency, TRACE, transaction costs

3.

Market Transparency, Liquidity Externalities, and Institutional Trading Costs in Corporate Bonds

Downloads 1,280 (28,020)

Market Transparency, Liquidity Externalities, and Institutional Trading Costs in Corporate Bonds

AFA 2006 Boston Meetings, Forthcoming
Number of pages: 54 Posted: 08 Jan 2005
Hendrik Bessembinder, William F. Maxwell and Kumar Venkataraman
W.P. Carey School of Business, Southern Methodist University (SMU) - Finance Department and Southern Methodist University (SMU) - Finance Department
Downloads 1,280 (27,552)
Citation 55

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transparency, corporate bonds, trace, microstructure,

Market Transparency, Liquidity Externalities, and Institutional Trading Costs in Corporate Bonds

Journal of Financial Economics, Forthcoming
Posted: 02 Nov 2005
Hendrik Bessembinder, William F. Maxwell and Kumar Venkataraman
W.P. Carey School of Business, Southern Methodist University (SMU) - Finance Department and Southern Methodist University (SMU) - Finance Department

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Bonds, microstructure, transparency, liquidity externalities

4.

Performance of Institutional Trading Desks: An Analysis of Persistence in Trading Cost

Review of Financial Studies, 2012, Vol. 2 (25), 557-598.
Number of pages: 64 Posted: 23 Sep 2008 Last Revised: 03 Jul 2013
Amber Anand, Paul J. Irvine, Andy Puckett and Kumar Venkataraman
Syracuse University - Whitman School of Management, Neeley School of Business, University of Tennessee, Knoxville and Southern Methodist University (SMU) - Finance Department
Downloads 1,074 (36,030)
Citation 60

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Trading cost, Buy-side Institution, Trading Performance, Broker, Mutual Fund, Alpha

5.

Hidden Liquidity: An Analysis of Order Exposure Strategies in Electronic Stock Markets

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 53 Posted: 13 Jan 2007 Last Revised: 11 Feb 2009
Hendrik Bessembinder, Marios A. Panayides, Marios A. Panayides and Kumar Venkataraman
W.P. Carey School of Business, University of Cyprus - Department of Accounting and Finance and Southern Methodist University (SMU) - Finance Department
Downloads 1,073 (36,075)
Citation 7

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Hidden Order, Order Exposure, Limit Order Book, Iceberg Order, Electronic Exchange

6.

Mutual Fund Trading Style and Bond Market Fragility

Review of Financial Studies, forthcoming
Number of pages: 71 Posted: 19 Jul 2017 Last Revised: 08 Jun 2020
Amber Anand, Chotibhak Jotikasthira and Kumar Venkataraman
Syracuse University - Whitman School of Management, Southern Methodist University (SMU) - Finance Department and Southern Methodist University (SMU) - Finance Department
Downloads 929 (44,219)
Citation 16

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Corporate bonds; dealers; mutual funds; fragility; liquidity; performance

7.

The Impact of Regulation Fair Disclosure: Trading Costs and Information Asymmetry

Downloads 903 (45,961)
Citation 22

The Impact of Regulation Fair Disclosure: Trading Costs and Information Asymmetry

Number of pages: 34 Posted: 05 Oct 2001
Kumar Venkataraman, Rex Thompson and Venkat Eleswarapu
Southern Methodist University (SMU) - Finance Department, affiliation not provided to SSRN and Chicago Equity Partners
Downloads 903 (45,296)
Citation 22

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Regulation Fair Disclosure, Reg. FD, Trading Costs, Information Asymmetry, SEC

The Impact of Regulation Fair Disclosure: Trading Costs and Information Asymmetry

Posted: 01 Apr 2003
Venkat Eleswarapu, Rex Thompson and Kumar Venkataraman
Chicago Equity Partners, affiliation not provided to SSRN and Southern Methodist University (SMU) - Finance Department

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Trading Costs, Information Asymmetry, Regulation Fair Disclosure, Return Volatility

8.

A Survey of the Microstructure of Fixed-Income Markets

Forthcoming, Journal of Financial and Quantitative Analysis
Number of pages: 67 Posted: 08 Jan 2019 Last Revised: 11 Feb 2019
Hendrik Bessembinder, Chester S. Spatt and Kumar Venkataraman
W.P. Carey School of Business, Carnegie Mellon University - David A. Tepper School of Business and Southern Methodist University (SMU) - Finance Department
Downloads 896 (46,473)
Citation 11

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bond market; dealer networks; trading costs; market making; transparency

9.

Do Short Sellers Target Firms with Poor Earnings Quality? Evidence from Earnings Restatements

Review of Accounting Studies (2006) 11:71-90
Number of pages: 32 Posted: 25 Dec 2004 Last Revised: 11 Feb 2021
Hemang Desai, Srinivasan Krishnamurthy and Kumar Venkataraman
Southern Methodist University (SMU) - Accounting Department, North Carolina State University - Poole College of Management and Southern Methodist University (SMU) - Finance Department
Downloads 857 (49,391)
Citation 71

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Short sellers, Accruals, Earnings quality, Earnings restatements

10.

Automated Versus Floor Trading: An Analysis of Execution Costs on the Paris and New York Exchanges

Number of pages: 45 Posted: 17 Oct 2000
Kumar Venkataraman
Southern Methodist University (SMU) - Finance Department
Downloads 827 (51,944)
Citation 6

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Bid-ask spreads, stock markets, auction trading, electronic trading, ECNs

11.

Liquidity, Resiliency and Market Quality Around Predictable Trades: Theory and Evidence

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 67 Posted: 23 Mar 2012 Last Revised: 21 Oct 2015
Hendrik Bessembinder, Allen Carrion, Laura A. Tuttle and Kumar Venkataraman
W.P. Carey School of Business, University of Memphis - Fogelman College of Business and Economics, U.S. Securities and Exchange Commission - Division of Economic and Risk Analysis and Southern Methodist University (SMU) - Finance Department
Downloads 735 (60,766)
Citation 52

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predatory trading, sunshine trading, trading costs, resiliency, ETFs, crude oil, energy, commodities, futures

12.

Institutional Trading and Stock Resiliency: Evidence from the 2007-2009 Financial Crisis

Journal of Financial Economics (JFE), Vol. 108, No. 3, 2013
Number of pages: 59 Posted: 18 Dec 2009 Last Revised: 03 Jul 2013
Amber Anand, Andy Puckett, Paul J. Irvine and Kumar Venkataraman
Syracuse University - Whitman School of Management, University of Tennessee, Knoxville, Neeley School of Business and Southern Methodist University (SMU) - Finance Department
Downloads 673 (68,186)
Citation 70

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Financial crisis, liquidity, trading cost, institutional trading, funding liquidity

13.

The Value of the Designated Market Maker

Downloads 643 (72,280)
Citation 40

The Value of the Designated Market Maker

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 37 Posted: 15 Feb 2006
Kumar Venkataraman and Andy Waisburd
Southern Methodist University (SMU) - Finance Department and Texas Christian University - Department of Finance
Downloads 406 (125,086)
Citation 8

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Market Maker, Specialist, Exchange, Limit Order Book

The Value of the Designated Market Maker

Number of pages: 35 Posted: 19 May 2005
Kumar Venkataraman and Andy Waisburd
Southern Methodist University (SMU) - Finance Department and Texas Christian University - Department of Finance
Downloads 237 (221,578)
Citation 4

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Specialist, dealer, electronic exchange, liquidity

14.

Trading Activity and Transaction Costs in Structured Credit Products

Financial Analysts Journal, Vol. 69, No. 6, 2013
Number of pages: 26 Posted: 26 Nov 2012 Last Revised: 22 Feb 2014
Hendrik Bessembinder, William F. Maxwell and Kumar Venkataraman
W.P. Carey School of Business, Southern Methodist University (SMU) - Finance Department and Southern Methodist University (SMU) - Finance Department
Downloads 593 (79,859)
Citation 12

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ABS, MBS, Structured Products, Transparency, mortgage-backed, asset-backed

15.

Market Conditions, Fragility and the Economics of Market Making

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 54 Posted: 21 Nov 2012 Last Revised: 13 Aug 2015
Amber Anand and Kumar Venkataraman
Syracuse University - Whitman School of Management and Southern Methodist University (SMU) - Finance Department
Downloads 577 (82,642)
Citation 48

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Market Makers; HFTs; Fragility; Volatility; Obligations

16.

Informed Trading and Price Discovery before Corporate Events

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 63 Posted: 03 Jul 2013 Last Revised: 19 Aug 2016
Shmuel Baruch, Marios A. Panayides, Marios A. Panayides and Kumar Venkataraman
University of Rome Tor Vergata, Department of Economics and Finance, University of Cyprus - Department of Accounting and Finance and Southern Methodist University (SMU) - Finance Department
Downloads 492 (100,698)
Citation 31

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Informed trader; insider trading; trading strategy; short sale; buy-sell asymmetry

17.

Does an Electronic Stock Exchange Need an Upstairs Market?

Downloads 491 (100,969)
Citation 19

Does an Electronic Stock Exchange Need an Upstairs Market?

Number of pages: 44 Posted: 14 Jan 2002
Kumar Venkataraman and Hendrik Bessembinder
Southern Methodist University (SMU) - Finance Department and W.P. Carey School of Business
Downloads 491 (99,903)
Citation 19

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Upstairs market, Limit order book, Electronic exchange, Crossing rules

Does an Electronic Stock Exchange Need an Upstairs Market?

Posted: 28 Oct 2003
Kumar Venkataraman and Hendrik Bessembinder
Southern Methodist University (SMU) - Finance Department and W.P. Carey School of Business

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Upstairs market, Limit order book, Electronic exchange, Crossing rules

18.

The Impact of Legal and Political Institutions on Equity Trading Costs: A Cross-Country Analysis

Downloads 464 (108,023)
Citation 44

The Impact of Legal and Political Institutions on Equity Trading Costs: A Cross-Country Analysis

Number of pages: 31 Posted: 20 Jan 2004
Venkat Eleswarapu and Kumar Venkataraman
Chicago Equity Partners and Southern Methodist University (SMU) - Finance Department
Downloads 289 (181,455)
Citation 6

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The Impact of Legal and Political Institutions on Equity Trading Costs: A Cross-Country Analysis

Number of pages: 38 Posted: 19 Jun 2005
Venkat Eleswarapu and Kumar Venkataraman
Chicago Equity Partners and Southern Methodist University (SMU) - Finance Department
Downloads 175 (293,291)
Citation 5

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Trading costs, Information risk, Institutional quality, Legal system, ADR

The Impact of Legal and Political Institutions on Equity Trading Costs: A Cross-Country Analysis

The Review of Financial Studies, Vol. 19, Issue 3, pp. 1081-1111, 2006
Posted: 29 Feb 2008
Venkat Eleswarapu and Kumar Venkataraman
Chicago Equity Partners and Southern Methodist University (SMU) - Finance Department

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19.

Quote Competition in Corporate Bonds

SMU Cox School of Business Research Paper No. 22-03, Swiss Finance Institute Research Paper No. 22-70
Number of pages: 44 Posted: 04 Feb 2022 Last Revised: 12 Sep 2022
Terrence Hendershott, Dan Li, Dmitry Livdan, Norman Schuerhoff and Kumar Venkataraman
University of California, Berkeley - Haas School of Business, Board of Governors of the Federal Reserve System, University of California, Berkeley, Swiss Finance Institute - HEC Lausanne and Southern Methodist University (SMU) - Finance Department
Downloads 376 (137,697)

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Pretrade transparency, quotes, corporate bonds, OTC markets, order flow competition

20.

On Distinguishing Between Valuation and Arbitrage Motivated Short Selling

Number of pages: 43 Posted: 13 Mar 2007
Hemang Desai, Srinivasan Krishnamurthy and Kumar Venkataraman
Southern Methodist University (SMU) - Accounting Department, North Carolina State University - Poole College of Management and Southern Methodist University (SMU) - Finance Department
Downloads 373 (138,906)
Citation 1

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informed short selling, fundamental analysis, stock returns

21.

Institutional Order Handling and Broker-Affiliated Trading Venues

Number of pages: 50 Posted: 11 Mar 2019 Last Revised: 01 Feb 2021
Amber Anand, Mehrdad Samadi, Jonathan S. Sokobin and Kumar Venkataraman
Syracuse University - Whitman School of Management, Board of Governors of the Federal Reserve System, FINRA and Southern Methodist University (SMU) - Finance Department
Downloads 343 (152,218)
Citation 26

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Broker; ATS; Trading Cost; Order Handling; Best Execution

22.

Overallocation and Secondary Market Outcomes in Corporate Bond Offerings

SMU Cox School of Business Research Paper No. 20-04
Number of pages: 66 Posted: 13 Aug 2020 Last Revised: 02 May 2022
Hendrik Bessembinder, Stacey E. Jacobsen, William F. Maxwell and Kumar Venkataraman
W.P. Carey School of Business, Southern Methodist University (SMU) - Finance Department, Southern Methodist University (SMU) - Finance Department and Southern Methodist University (SMU) - Finance Department
Downloads 309 (170,139)

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Underwriting Syndicate; Primary Allocation; Overallocation; Price Stabilization; Corporate Bonds; UnderPricing; Liquidity

23.

Does Trade Reporting Improve Market Quality in an Institutional Market? Evidence from 144a Corporate Bonds

Number of pages: 33 Posted: 12 May 2018
Stacey E. Jacobsen and Kumar Venkataraman
Southern Methodist University (SMU) - Finance Department and Southern Methodist University (SMU) - Finance Department
Downloads 241 (218,815)
Citation 2

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24.

Asymmetric Information and Receiving Investor Outcomes in the Block Market for Corporate Bonds

SMU Cox School of Business Research Paper No. 23-05
Number of pages: 78 Posted: 05 Apr 2023
Stacey E. Jacobsen and Kumar Venkataraman
Southern Methodist University (SMU) - Finance Department and Southern Methodist University (SMU) - Finance Department
Downloads 43 (703,921)

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Corporate bonds, block market, transaction costs, transparency, delayed reporting