Kumar Venkataraman

Southern Methodist University (SMU) - Finance Department

James M. Collins Chair in Finance

United States

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

SCHOLARLY PAPERS

22

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14,906

SSRN CITATIONS
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SSRN RANKINGS

Top 2,163

in Total Papers Citations

323

CROSSREF CITATIONS

243

Scholarly Papers (22)

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
Singapore Management University - School of Accountancy, Southern Methodist University (SMU) - Accounting Department and Southern Methodist University (SMU) - Finance Department
Downloads 1,450 (13,771)
Citation 16

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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
Singapore Management University - School of Accountancy, Southern Methodist University (SMU) - Accounting Department and Southern Methodist University (SMU) - Finance Department
Downloads 957 (25,724)
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
Arizona State University, Southern Methodist University (SMU) - Finance Department, Southern Methodist University (SMU) - Finance Department and Southern Methodist University (SMU) - Finance Department
Downloads 1,371 (15,297)
Citation 69

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

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
Arizona State University, Southern Methodist University (SMU) - Finance Department and Southern Methodist University (SMU) - Finance Department
Downloads 1,067 (21,953)
Citation 47

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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
Arizona State University, 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 916 (27,887)
Citation 28

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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 and Kumar Venkataraman
Arizona State University, University of Cyprus - Department of Accounting and Finance and Southern Methodist University (SMU) - Finance Department
Downloads 901 (28,573)
Citation 6

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

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 866 (29,775)
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

7.

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

Number of pages: 32 Posted: 25 Dec 2004
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 793 (34,095)
Citation 43

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Short sellers, Accruals, Earnings quality, Earnings restatements

8.

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 789 (34,338)
Citation 1

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

9.

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, Independent and Southern Methodist University (SMU) - Finance Department
Downloads 695 (40,827)
Citation 12

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

10.

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 619 (47,611)
Citation 38

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

11.
Downloads 593 ( 50,352)
Citation 32

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 382 (85,486)
Citation 1

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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 211 (160,563)
Citation 2

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Specialist, dealer, electronic exchange, liquidity

12.

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
Arizona State University, 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 578 (52,073)
Citation 33

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

13.

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
Arizona State University, Carnegie Mellon University - David A. Tepper School of Business and Southern Methodist University (SMU) - Finance Department
Downloads 509 (61,067)
Citation 6

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

14.

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 486 (64,716)
Citation 25

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Market Makers; HFTs; Fragility; Volatility; Obligations

15.

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 and Kumar Venkataraman
University of Utah - Department of Finance, University of Cyprus - Department of Accounting and Finance and Southern Methodist University (SMU) - Finance Department
Downloads 434 (74,275)
Citation 12

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

16.

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
Arizona State University, Southern Methodist University (SMU) - Finance Department and Southern Methodist University (SMU) - Finance Department
Downloads 431 (74,892)
Citation 11

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

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 260 (130,854)
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 162 (204,063)
Citation 3

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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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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 Arizona State University
Downloads 410 (78,757)
Citation 16

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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 Arizona State University

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

19.

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 327 (102,921)
Citation 1

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informed short selling, fundamental analysis, stock returns

20.

Institutional Order Handling and Broker-Affiliated Trading Venues

Number of pages: 49 Posted: 11 Mar 2019 Last Revised: 14 Oct 2020
Syracuse University - Whitman School of Management, Southern Methodist University (SMU) - Finance Department, FINRA and Southern Methodist University (SMU) - Finance Department
Downloads 164 (201,727)
Citation 8

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

21.

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 97 (299,902)
Citation 2

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22.

Syndicate Structure, Primary Allocations, and Secondary Market Outcomes in Corporate Bond Offerings

SMU Cox School of Business Research Paper No. 20-04
Number of pages: 57 Posted: 13 Aug 2020 Last Revised: 15 Oct 2020
Arizona State University, Southern Methodist University (SMU) - Finance Department, Southern Methodist University (SMU) - Finance Department and Southern Methodist University (SMU) - Finance Department
Downloads 31 (511,549)

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