S.P. Kothari

Massachusetts Institute of Technology (MIT) - Sloan School of Management

Gordon Y Billard Professor of Management

E52-325

Cambridge, MA 02142

United States

  • Massachusetts Institute of Technology (MIT) - Sloan School of Management

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    • Tel: 617-253-0994
    • Fax: 617-253-0603
SCHOLARLY PAPERS

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Scholarly Papers (67)

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1.

The Econometrics of Event Studies

Number of pages: 51 Posted: 25 Oct 2004
S.P. Kothari and Jerold B. Warner
Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Rochester – Simon Business School
Downloads 16,857 (386)
Citation 123

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Event studies, econometrics, surveys, accounting, corporate finance, market efficiency

2.

Capital Markets Research in Accounting

Downloads 12,448 ( 664)

Capital Markets Research in Accounting

JAE Rochester Conference April 2000
Number of pages: 145 Posted: 05 Dec 2000
S.P. Kothari
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 12,448 (653)
Citation 143

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Capital markets; Financial reporting; Fundamental analysis; Valuation; Market efficiency

Capital Markets Research in Accounting

Posted: 24 Oct 2001
S.P. Kothari
Massachusetts Institute of Technology (MIT) - Sloan School of Management

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Capital markets; Financial reporting; Fundamental analysis; Valuation; Market efficiency

3.

The Role of Accounting in the Financial Crisis: Lessons for the Future

Number of pages: 31 Posted: 15 Dec 2011
S.P. Kothari and Rebecca Lester
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Stanford Graduate School of Business
Downloads 6,603 (1,971)
Citation 11

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financial crisis, securitization, fair value, incentives

4.

Stock Returns, Aggregate Earnings Surprises, and Behavioral Finance

MIT Sloan Working Paper No. 4284-03
Number of pages: 42 Posted: 10 Jan 2005 Last Revised: 24 Feb 2009
Jonathan Lewellen, S.P. Kothari and Jerold B. Warner
Dartmouth College - Tuck School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Rochester – Simon Business School
Downloads 6,598 (1,974)
Citation 60

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5.

Econometrics of the Basu Asymmetric Timeliness Coefficient and Accounting Conservatism

Downloads 6,090 ( 2,266)
Citation 80

Econometrics of the Basu Asymmetric Timeliness Coefficient and Accounting Conservatism

Chicago Booth Research Paper No. 09-16
Number of pages: 36 Posted: 13 Jul 2007 Last Revised: 19 Feb 2013
Ray Ball, S.P. Kothari and Valeri V. Nikolaev
University of Chicago - Booth School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Chicago Booth School of Business
Downloads 5,524 (2,632)
Citation 41

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conditional conservatism, asymmetric timeliness, earnings

Econometrics of the Basu Asymmetric Timeliness Coefficient and Accounting Conservatism

Journal of Accounting Research, Forthcoming, Chicago Booth Research Paper No. 13-65
Number of pages: 37 Posted: 02 Aug 2013
Ray Ball, S.P. Kothari and Valeri V. Nikolaev
University of Chicago - Booth School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Chicago Booth School of Business
Downloads 566 (83,624)
Citation 9

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Conditional conservatism, Timely loss recognition, Basu model, Returns-earnings regressions, Earning respnse coefficients, Market-to-book ratio

Econometrics of the Basu Asymmetric Timeliness Coefficient and Accounting Conservatism

Journal of Accounting Research, Vol. 51, No. 5, 2013
Posted: 28 Nov 2013
Ray Ball, S.P. Kothari and Valeri V. Nikolaev
University of Chicago - Booth School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Chicago Booth School of Business

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conditional conservatism, asymmetric timeliness, earnings

6.

The Effect of International Institutional Factors on Properties of Accounting Earnings

University of Rochester Working Paper FR 99-12
Number of pages: 49 Posted: 15 Sep 1999
Ray Ball, S.P. Kothari and Ashok Robin
University of Chicago - Booth School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Rochester Institute of Technology (RIT)
Downloads 5,758 (2,474)
Citation 113

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7.

Testing Behavioral Finance Theories Using Trends and Sequences in Financial Performance

Number of pages: 44 Posted: 20 Aug 2002
Wesley S. Chan, Richard M. Frankel and S.P. Kothari
Acadian Asset Management, Washington University in Saint Louis - Olin Business School and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 4,907 (3,282)
Citation 22

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8.

Performance Matched Discretionary Accrual Measures

Downloads 4,681 ( 3,570)
Citation 389

Performance Matched Discretionary Accrual Measures

Number of pages: 47 Posted: 29 Mar 2001
S.P. Kothari, Andrew J. Leone and Charles E. Wasley
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Northwestern University and Simon School, University of Rochester
Downloads 4,681 (3,520)
Citation 389

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Earnings Management, Discretionary Accruals, Performance Matching

Performance Matched Discretionary Accrual Measures

Posted: 10 Mar 2004
S.P. Kothari, Andrew J. Leone and Charles E. Wasley
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Northwestern University and Simon School, University of Rochester

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Discretionary accruals, earnings management, performance matching, discretionary-accruals models

9.

How Much Do Firms Hedge with Derivatives?

Downloads 4,637 ( 3,631)
Citation 58

How Much Do Firms Hedge with Derivatives?

Number of pages: 58 Posted: 27 Mar 2001
Wayne R. Guay and S.P. Kothari
University of Pennsylvania - Accounting Department and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 2,723 (8,467)
Citation 35

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derivatives, hedging, risk management, risk exposure

How Much Do Firms Hedge with Derivatives?

Number of pages: 52 Posted: 13 Dec 2000
Wayne R. Guay and S.P. Kothari
University of Pennsylvania - Accounting Department and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 1,914 (14,911)

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Derivatives; Hedging; Risk management; Exposure

How Much Do Firms Hedge with Derivatives?

Posted: 31 Mar 2003
Wayne R. Guay and S.P. Kothari
University of Pennsylvania - Accounting Department and Massachusetts Institute of Technology (MIT) - Sloan School of Management

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risk management, derivatives instruments, hedging

10.

Implications for GAAP from an Analysis of Positive Research in Accounting

Journal of Accounting & Economics (JAE), Forthcoming, MIT Sloan Research Paper No. 4740-09, Harvard Business School Accounting & Management Unit Working Paper No. 09-137, University of Chicago - Booth School of Business Working Paper No. 09-22
Number of pages: 126 Posted: 03 Jun 2009 Last Revised: 17 Sep 2010
S.P. Kothari, Karthik Ramanna and Douglas J. Skinner
Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of Oxford - Blavatnik School of Government and The University of Chicago - Booth School of Business
Downloads 4,413 (3,918)
Citation 38

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11.

Evaluating Mutual Fund Performance

Number of pages: 46 Posted: 13 Apr 1998
S.P. Kothari and Jerold B. Warner
Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Rochester – Simon Business School
Downloads 4,290 (4,115)
Citation 8

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12.

The Benefits of Financial Statement Comparability

Downloads 3,327 ( 6,326)
Citation 94

The Benefits of Financial Statement Comparability

Number of pages: 54 Posted: 11 Sep 2008 Last Revised: 15 Mar 2011
Gus De Franco, S.P. Kothari and Rodrigo S. Verdi
Tulane University - A.B. Freeman School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Massachusetts Institute of Technology (MIT)
Downloads 3,327 (6,206)
Citation 90

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Earnings Quality, Analysts, Earnings Attributes

The Benefits of Financial Statement Comparability

Journal of Accounting Research, Vol. 49, No. 4, pp. 895-931, 2011
Posted: 19 Mar 2011 Last Revised: 23 Jan 2012
Gus De Franco, S.P. Kothari and Rodrigo S. Verdi
Tulane University - A.B. Freeman School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Massachusetts Institute of Technology (MIT)

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Earnings Quality, Analysts, Earnings Attributes

13.

The Economics of Accounting

Oxford University Press, Forthcoming
Number of pages: 220 Posted: 06 May 2018 Last Revised: 14 Nov 2023
Richard M. Frankel, S.P. Kothari and Luo Zuo
Washington University in Saint Louis - Olin Business School, Massachusetts Institute of Technology (MIT) - Sloan School of Management and National University of Singapore
Downloads 3,321 (6,345)
Citation 1

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Accounting, stewardship, valuation, information asymmetry, earnings, stock price, shareholder value, efficiency, stakeholder.

14.

Properties of Implied Cost of Capital Using Analysts' Forecasts

Australian Journal of Management, Vol. 36, p. 125, 2011, MIT Sloan Working Paper No. 4422-03
Number of pages: 26 Posted: 15 Sep 2003 Last Revised: 17 Aug 2012
Wayne R. Guay, S.P. Kothari and Susan Shu
University of Pennsylvania - Accounting Department, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Boston College - Carroll School of Management
Downloads 3,015 (7,397)
Citation 56

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Cost of Capital, Implied Cost of Capital, Analysts' Forecasts, Discount Rate

15.

Do Managers Withhold Bad News?

Journal of Accounting Research, Forthcoming, MIT Sloan Research Paper No. 4556-05
Number of pages: 54 Posted: 21 Sep 2005 Last Revised: 27 Apr 2012
S.P. Kothari, Susan Shu and Peter D. Wysocki
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Boston College - Carroll School of Management and Boston University Questrom School of Business
Downloads 2,735 (8,565)
Citation 236

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Bad News, Conservatism, Disclosure

16.

The Economic Dilution of Employee Stock Options: Diluted Eps for Valuation and Financial Reporting

Downloads 2,538 ( 9,642)
Citation 7

The Economic Dilution of Employee Stock Options: Diluted Eps for Valuation and Financial Reporting

Number of pages: 44 Posted: 27 Oct 1999
John E. Core, Wayne R. Guay and S.P. Kothari
Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of Pennsylvania - Accounting Department and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 2,538 (9,485)
Citation 7

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The Economic Dilution of Employee Stock Options: Diluted Eps for Valuation and Financial Reporting

Posted: 26 Mar 2002
John E. Core, Wayne R. Guay and S.P. Kothari
Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of Pennsylvania - Accounting Department and Massachusetts Institute of Technology (MIT) - Sloan School of Management

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Employee stock options, Dilution, Diluted earnings per share, Earnings response coefficients, Equity valuation

17.

Agency Theory of Overvalued Equity as an Explanation for the Accrual Anomaly

CentER Discussion Paper Series No. 2006-103
Number of pages: 64 Posted: 28 Dec 2005
S.P. Kothari, Elena Loutskina and Valeri V. Nikolaev
Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of Virginia - Darden School of Business and University of Chicago Booth School of Business
Downloads 2,365 (10,838)
Citation 45

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accrual anomaly; earnings management; agency theory of overvalued equity

18.

Capitalization Versus Expensing: Evidence on the Uncertainty of Future Earnings from Current Investments in Pp&E Versus R&D

Number of pages: 32 Posted: 02 Feb 1999
S.P. Kothari, Ted E. Laguerre and Andrew J. Leone
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Analysis Group, Inc. and Northwestern University
Downloads 2,189 (12,248)
Citation 64

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19.

Determinants of the Informativeness of Analyst Research

Number of pages: 54 Posted: 19 Apr 2002
Richard M. Frankel, S.P. Kothari and Joseph Weber
Washington University in Saint Louis - Olin Business School, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 2,029 (13,828)
Citation 133

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Analyst, Forecast, Analyst Forecast, Earnings Forecast, Informativeness, Market Efficiency

20.

On Estimating Conditional Conservatism

Forthcoming, The Accounting Review, Chicago Booth Research Paper No. 11-09
Number of pages: 56 Posted: 12 Feb 2011 Last Revised: 03 Dec 2012
Ray Ball, S.P. Kothari and Valeri V. Nikolaev
University of Chicago - Booth School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Chicago Booth School of Business
Downloads 1,976 (14,433)
Citation 46

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conditional conservatism, asymmetric timeliness, earnings

21.

Why Do Large Positive Non-GAAP Earnings Adjustments Predict Abnormally High CEO Pay?

Forthcoming at The Accounting Review
Number of pages: 60 Posted: 31 Jan 2023
Nicholas M. Guest, S.P. Kothari and Robert Pozen
Cornell University - Samuel Curtis Johnson Graduate School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 1,684 (18,502)
Citation 14

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Non-GAAP earnings, CEO pay, performance evaluation, corporate governance

22.

Generating Superior Performance in Private Equity: A New Investment Methodology

Downloads 1,625 (19,533)
Citation 2

Generating Superior Performance in Private Equity: A New Investment Methodology

Journal Of Investment Management, Forthcoming
Number of pages: 22 Posted: 21 Feb 2013 Last Revised: 16 Aug 2014
S.P. Kothari, Konstantin A. Danilov CFA, Konstantin A. Danilov CFA and Gitanjali Swamy
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Analysis GroupMassachusetts Institute of Technology (MIT) - Sloan School of Management and PCRI, Harvard Business School
Downloads 1,423 (23,479)

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private equity funds, buyout funds, portfolio management, modern portfolio theory, asset allocation, alternative investments

Generating Superior Performance in Private Equity: A New Investment Methodology

Journal Of Investment Management (JOIM); Third Quarter 2013
Number of pages: 22 Posted: 01 Oct 2013 Last Revised: 10 Mar 2017
S.P. Kothari, Konstantin A. Danilov CFA, Konstantin A. Danilov CFA and Gitanjali Swamy
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Analysis GroupMassachusetts Institute of Technology (MIT) - Sloan School of Management and PCRI, Harvard Business School
Downloads 202 (257,520)

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Private equity, fund performance, efficient frontier, portfolio theory

23.

The Effect of Disclosures by Management, Analysts, and Financial Press on Cost of Capital, Return Volatility, and Analyst Forecasts: A Study Using Content Analysis

Number of pages: 73 Posted: 01 Apr 2008
S.P. Kothari, Xu Li, Xu Li and James E. Short
Massachusetts Institute of Technology (MIT) - Sloan School of Management, School of BusinessUniversity of Texas at Dallas - Department of Accounting & Information Management and San Diego Supercomputer Center, UC San Diego
Downloads 1,586 (20,275)
Citation 106

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Content Analysis of Disclosure, Cost of Capital

24.

The Behavior of Aggregate Corporate Investment

Simon Business School Working Paper No. FR 14-18, Tuck School of Business Working Paper No. 2511268, MIT Sloan Research Paper No. 5112-14
Number of pages: 43 Posted: 19 Oct 2014 Last Revised: 07 Jan 2015
S.P. Kothari, Jonathan Lewellen and Jerold B. Warner
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Dartmouth College - Tuck School of Business and University of Rochester – Simon Business School
Downloads 1,573 (20,544)
Citation 26

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Investment, stock returns, profits, interest rates, uncertainty

25.

Beta and Book-to-Market: Is the Glass Half Full or Half Empty?

Number of pages: 12 Posted: 21 Sep 1998
S.P. Kothari and Jay A. Shanken
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Emory University - Goizueta Business School
Downloads 1,424 (23,876)
Citation 6

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26.

Analysts’ Forecasts and Asset Pricing: A Survey

Downloads 1,153 (32,563)
Citation 65

Analysts’ Forecasts and Asset Pricing: A Survey

Number of pages: 46 Posted: 16 Mar 2016
S.P. Kothari, Eric C. So and Rodrigo S. Verdi
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Massachusetts Institute of Technology (MIT)
Downloads 1,153 (32,064)
Citation 65

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Analysts’ Forecasts and Asset Pricing: A Survey

Annual Review of Financial Economics, Vol. 8, pp. 197-219, 2016
Posted: 18 Nov 2016
S.P. Kothari, Eric C. So and Rodrigo S. Verdi
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Massachusetts Institute of Technology (MIT)

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27.

Commission Savings and Execution Quality for Retail Trades

Number of pages: 16 Posted: 06 Dec 2021
S.P. Kothari, Travis L. Johnson and Eric C. So
Massachusetts Institute of Technology (MIT) - Sloan School of Management, The University of Texas at Austin and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 1,095 (34,986)
Citation 1

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28.

Long-Term Impact of Economic Conditions on Auditors’ Judgment

Downloads 1,081 (35,664)
Citation 29

Long-Term Impact of Economic Conditions on Auditors’ Judgment

The Accounting Review, Forthcoming
Number of pages: 54 Posted: 05 Jan 2017 Last Revised: 03 Oct 2018
Xianjie He, S.P. Kothari, Tusheng Xiao and Luo Zuo
Shanghai University of Finance and Economics - School of Accountancy, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Central University of Finance and Economics and National University of Singapore
Downloads 856 (48,706)
Citation 4

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economic condition; audit adjustment; imprinting

Long-Term Impact of Economic Conditions on Auditors’ Judgment

The Accounting Review, Forthcoming
Number of pages: 54 Posted: 21 Feb 2018 Last Revised: 03 Oct 2018
Xianjie He, S.P. Kothari, Tusheng Xiao and Luo Zuo
Shanghai University of Finance and Economics - School of Accountancy, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Central University of Finance and Economics and National University of Singapore
Downloads 225 (232,748)
Citation 12

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economic condition; audit adjustment; imprinting

29.

Industry-Specific Knowledge Transfer in Audit Firms: Evidence from Audit Firm Mergers in China

The Accounting Review, Forthcoming
Number of pages: 68 Posted: 08 Aug 2018 Last Revised: 28 Jun 2021
Xianjie He, S.P. Kothari, Tusheng Xiao and Luo Zuo
Shanghai University of Finance and Economics - School of Accountancy, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Central University of Finance and Economics and National University of Singapore
Downloads 1,028 (38,319)
Citation 9

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Knowledge Transfer, Audit Firm Merger, Industry Expertise, Audit Quality, China

30.

Disclosure Regulation: Past, Present, and Future

Handbook of Financial Decision Making, Forthcoming
Number of pages: 32 Posted: 10 Jun 2022 Last Revised: 17 Mar 2023
S.P. Kothari, Liandong Zhang and Luo Zuo
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Singapore Management University - School of Accountancy and National University of Singapore
Downloads 1,003 (39,680)

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Regulation, corporate disclosure, financial reporting, capital market, political economy, information asymmetry

31.

The Advantages of Using Earnings for Compensation: Matching Delivered Performance

Downloads 894 (46,564)
Citation 14

The Advantages of Using Earnings for Compensation: Matching Delivered Performance

Number of pages: 31 Posted: 31 Aug 2000
Michael J. Barclay, Dhananjay (Dan) K. Gode and S.P. Kothari
University of Rochester - Simon School (Deceased), New York University (NYU) - Department of Accounting and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 736 (59,718)
Citation 3

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The Advantages of Using Earnings for Compensation: Matching Delivered Performance

NYU Working Paper No. 2451/27483
Number of pages: 31 Posted: 08 Oct 2008
Michael J. Barclay, Dan Gode and S.P. Kothari
University of Rochester - Simon School (Deceased), affiliation not provided to SSRN and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 158 (319,989)
Citation 4

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32.

Share Repurchases on Trial: Large-Sample Evidence on Share Price Performance, Executive Compensation, and Corporate Investment

Forthcoming at Financial Management
Number of pages: 41 Posted: 20 Jul 2022 Last Revised: 29 Jan 2023
Nicholas M. Guest, S.P. Kothari and Parth Venkat
Cornell University - Samuel Curtis Johnson Graduate School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Alabama - Department of Economics, Finance and Legal Studies
Downloads 831 (51,493)
Citation 2

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Corporate finance, payout policy, share repurchase, trading volume, stock prices, CEO pay, investment, profitability

33.

Implications of Data Restrictions on Performance Measurement and Tests of Rational Pricing

Number of pages: 41 Posted: 29 Nov 1999
S.P. Kothari, Jowell S. Sabino and Tzachi Zach
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) and Ohio State University (OSU) - Department of Accounting & Management Information Systems
Downloads 763 (57,775)
Citation 20

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34.

Flight-To-Earnings: The Role of Earnings in Periods of Capital Scarcity

Forthcoming at Management Science
Number of pages: 53 Posted: 10 Mar 2017 Last Revised: 03 Mar 2022
Nicholas M. Guest, S.P. Kothari and Eric C. So
Cornell University - Samuel Curtis Johnson Graduate School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 726 (61,704)
Citation 3

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Earnings Reaction, Capital Scarcity, Levered Trading

35.

Commemorating the Fifty-Year Anniversary of Ball and Brown (1968): The Evolution of Capital Market Research over the Past Fifty Years

Number of pages: 66 Posted: 10 Jul 2019
S.P. Kothari and Charles E. Wasley
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Simon School, University of Rochester
Downloads 592 (79,941)

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Ball and Brown, earnings, earnings-return relation, earnings usefulness, earnings timeliness, asymmetric timeliness, conservatism, association study, event study, information content, value relevance, positive economics, efficient markets hypothesis, market efficiency, post-announcement drift

36.

Illustrating the First Half-Century of Empirical Capital Markets Research in Accounting in Pictures

Number of pages: 72 Posted: 27 Aug 2023
S.P. Kothari, Bryce Schonberger, Charles E. Wasley and Jason J. Xiao
Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of Colorado at Boulder - Leeds School of Business, Simon School, University of Rochester and SUNY at Binghamton - School of Management
Downloads 469 (106,514)

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capital markets; earnings; stock returns; earnings-return relation; information content; earnings announcements; post-earnings announcement drift; accruals; cash flows; earnings response coefficient; analysts’ earnings forecasts; conservatism; asymmetric timeliness; information content of losses

37.

Determinants of Management Ownership of Unrestricted Equity: Overconfidence Versus Tax Explanations

Number of pages: 55 Posted: 10 Mar 2005
Li Jin and S.P. Kothari
Harvard Business School - Finance Unit and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 456 (110,146)
Citation 1

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Executive compensation, taxation, overconfidence, behavioral finance, institutional investors

38.

Asymmetric Returns and the Economic Content of Accruals and Investment

Number of pages: 34 Posted: 01 May 2018
Luca Del Viva, S.P. Kothari, Neophytos Lambertides and Lenos Trigeorgis
ESADE Business School, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Cyprus University of Technology and University of Cyprus - Department of Public and Business Administration
Downloads 403 (127,192)

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investment and accruals, volatility, growth options, nonlinear equity value, asymmetric returns, idiosyncratic skewness, anomalies

39.

The Effect of Industrial Sector Transparency on Bank Risk-taking and Banking System Fragility

Number of pages: 72 Posted: 31 Aug 2012 Last Revised: 04 Jan 2013
Sudarshan Jayaraman, Sudarshan Jayaraman and S.P. Kothari
Simon Business School, University of RochesterUniversity of Rochester - Simon Business School and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 399 (128,663)
Citation 4

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Transparency, banks, risk-taking, crises, bank fragility

40.

Effect of Personal Taxes on Managers' Decision to Sell Unrestricted Equity

Number of pages: 41 Posted: 19 Dec 2005
Li Jin and S.P. Kothari
Harvard Business School - Finance Unit and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 339 (153,964)
Citation 4

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Executive Compensation, Taxation, Overconfidence, Behavioral Finance, Institutional investors

41.

Properties of Implied Cost of Capital Using Analysts’ Forecasts

Downloads 264 (199,805)
Citation 61

Properties of Implied Cost of Capital Using Analysts’ Forecasts

Australian Journal of Management, Vol. 36, No. 2, 2011
Number of pages: 26 Posted: 24 Oct 2011 Last Revised: 17 Aug 2012
Wayne R. Guay, S.P. Kothari and Susan Shu
University of Pennsylvania - Accounting Department, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Boston College - Carroll School of Management
Downloads 209 (249,586)
Citation 24

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Properties of Implied Cost of Capital Using Analysts’ Forecasts

Australian Journal of Management, Vol. 36, No. 2, 2011
Number of pages: 26 Posted: 05 May 2011 Last Revised: 17 Aug 2012
Wayne R. Guay, S.P. Kothari and Susan Shu
University of Pennsylvania - Accounting Department, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Boston College - Carroll School of Management
Downloads 55 (644,963)

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implied cost of capital, earnings forecasts, expected returns, analysts’ forecasts

42.

Gains from Markowitz Optimization: Evidence from Re-Optimization of Mutual Fund Holdings

Number of pages: 44 Posted: 06 Jan 2019
Tony Elavia, S.P. Kothari, Xu Li and Haifeng You
Mackenzie Investments, Massachusetts Institute of Technology (MIT) - Sloan School of Management, The University of Hong Kong and Hong Kong University of Science & Technology (HKUST) - Department of Accounting
Downloads 250 (210,827)

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mutual fund; risk optimization; portfolio management; expected returns.

43.

Capture and Competition

Simon Business School Working Paper No. FR-16-13
Number of pages: 47 Posted: 25 Nov 2016
Sudarshan Jayaraman, Sudarshan Jayaraman, S.P. Kothari and Karthik Ramanna
Simon Business School, University of RochesterUniversity of Rochester - Simon Business School, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Oxford - Blavatnik School of Government
Downloads 213 (245,807)

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Regulatory Capture, Product Market Competition, Inversions

44.

Cross-Border Financing by the Industrial Sector Increases Competition in the Domestic Banking Sector

Accounting Review, Forthcoming, Simon Business School Working Paper No. FR 15-23
Number of pages: 51 Posted: 12 Jul 2015
Sudarshan Jayaraman, Sudarshan Jayaraman and S.P. Kothari
Simon Business School, University of RochesterUniversity of Rochester - Simon Business School and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 206 (253,474)
Citation 1

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Bank competition, cross border financing, foreign portfolio investment, bank risk taking

45.

ETF Activities and Analysts’ Forecasts

MIT Sloan Research Paper No. 6935-23
Number of pages: 41 Posted: 06 Apr 2023 Last Revised: 17 Jun 2023
S.P. Kothari, Jing Li, Xu Li and Mei Sheng
Massachusetts Institute of Technology (MIT) - Sloan School of Management, The University of Hong Kong - Faculty of Business and Economics, The University of Hong Kong and The University of Hong Kong - HKU Business School
Downloads 194 (268,886)

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ETFs, Sell-side Analysts, Information Transfer, Sector ETFs, Analysts’ Forecasts

46.

Ex-Post Equity Awards and Measurement of the Pay-Performance Relation

Number of pages: 32 Posted: 28 Apr 2020
S.P. Kothari and Georg Rickmann
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Northwestern University - Kellogg School of Management
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executive compensation; pay-performance relation; equity compensation

47.

The Economics of ESG Disclosure Regulation

Number of pages: 70 Posted: 06 Dec 2023
Richard M. Frankel, S.P. Kothari and Aneesh Raghunandan
Washington University in Saint Louis - Olin Business School, Massachusetts Institute of Technology (MIT) - Sloan School of Management and London School of Economics
Downloads 32 (789,212)

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48.

Commemorating the 50‐Year Anniversary of Ball and Brown (1968): The Evolution of Capital Market Research over the Past 50 Years

Journal of Accounting Research, Volume 57, Issue 5, December 2019
Posted: 09 Mar 2020
S.P. Kothari and Charles E. Wasley
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Simon School, University of Rochester

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Ball and Brown; earnings; earnings-return relation; earnings usefulness; earnings timeliness; asymmetric timeliness; conservatism; association study; event study; information content; value relevance; positive economics; efficient markets hypothesis; market efficiency

49.

Managing for the Moment: The Role of Earnings Management via Real Activities versus Accruals in SEO Valuation

Accounting Review, Forthcoming
Posted: 10 Jan 2012 Last Revised: 31 May 2015
S.P. Kothari, Natalie Mizik, Natalie Mizik and Sugata Roychowdhury
Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of North Carolina (UNC) at Chapel HillUniversity of Washington and Northwestern University Kellogg School of Management

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Earnings Management, Discretionary Accruals, Real Activity Manipulation, Seasoned Equity Offering, SEO Overvaluation, SEO Return Reversal, Earnings Management Opacity

50.

The Relation between Earnings and Cash Flows

Journal of Accounting & Economics, Vol. 25, 1998
Posted: 06 Sep 2006
Patricia Dechow, S.P. Kothari and Ross L. Watts
USC Marshall School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Massachusetts Institute of Technology (MIT) - Sloan School of Management

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Accruals, cash flows, earnings, correlations

51.

Implications of Survival and Data Trimming for Tests of Market Efficiency

Posted: 14 Sep 2004
S.P. Kothari, Jowell S. Sabino and Tzachi Zach
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) and Ohio State University (OSU) - Department of Accounting & Management Information Systems

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Capital markets, Market efficiency

52.

Asset Allocation with Inflation-Protected Bonds

Posted: 13 Feb 2004
S.P. Kothari and Jay A. Shanken
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Emory University - Goizueta Business School

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Portfolio Management, asset allocation, Debt Investments, return or yield measures, Economics

53.

Investment Banking and Analyst Objectivity: Evidence from Analysts Affiliated With M&A Advisors

Journal of Financial and Quantitative Analysis (JFQA), Vol. 43, No. 4, 2008, MIT Sloan School Working Paper No. 4575-06
Posted: 12 Feb 2004 Last Revised: 03 Feb 2009
Adam C. Kolasinski and S.P. Kothari
Texas A&M University - Department of Finance and Massachusetts Institute of Technology (MIT) - Sloan School of Management

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Corporate Finance, Investment Banking, Analysts, Conflict of Interest

54.

Accounting for Employee Stock Options

Posted: 07 Mar 2003
Wayne R. Guay, S.P. Kothari and Richard G. Sloan
University of Pennsylvania - Accounting Department, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Southern California - Leventhal School of Accounting

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Accounting for Employee Stock Options, Stock Option Expense, Diluted Earnings Per Share

55.

Time-Series Coefficient Variation in Value-Relevance Regressions: A Discussion of Core, Guay, and Van Buskirk and New Evidence

Posted: 05 Nov 2002
S.P. Kothari and Jay A. Shanken
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Emory University - Goizueta Business School

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Value Relevance, Correlated Omitted Variable Bias, Growth Expectations and Discount Rates

56.

Capitalization Versus Expensing: Evidence on the Uncertainty of Future Earnings from Capital Expenditures Versus R&D Outlays

Posted: 17 Feb 2002
S.P. Kothari, Ted E. Laguerre and Andrew J. Leone
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Analysis Group, Inc. and Northwestern University

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R&D; Capitalization

57.

Are Corporations Reducing or Taking Risks with Derivatives?

Posted: 18 Jan 2001
Ludger Hentschel and S.P. Kothari
Alternative Risk Premia Investments and Massachusetts Institute of Technology (MIT) - Sloan School of Management

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58.

Life Insurance or Lottery: Are Corporations Managing or Taking Risks with Derivatives?

Posted: 29 Aug 1998
Ludger Hentschel and S.P. Kothari
Alternative Risk Premia Investments and Massachusetts Institute of Technology (MIT) - Sloan School of Management

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59.

The CAPM: 'Reports of My Death Have Been Greatly Exaggerated'

FR 95-21
Posted: 20 Jul 1998
S.P. Kothari, Jay A. Shanken and Richard G. Sloan
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Emory University - Goizueta Business School and University of Southern California - Leventhal School of Accounting

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60.

A Market-Based Evaluation of Discretionary-Accrual Models

Simon School of Business Working Paper FR 96-01
Posted: 05 Jul 1998
Wayne R. Guay, S.P. Kothari and Ross L. Watts
University of Pennsylvania - Accounting Department, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Massachusetts Institute of Technology (MIT) - Sloan School of Management

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61.

Measuring Long-Horizon Security Price Performance

Working Paper FR 95-19
Posted: 01 Jul 1998
S.P. Kothari and Jerold B. Warner
Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Rochester – Simon Business School

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62.

Lack of Timeliness and Noise as Explanations for the Low Contemporaneous Return-Earnings Association

Rochester Working Paper No. FR 94-03
Posted: 25 Apr 1998
Daniel W. Collins, S.P. Kothari, Jay A. Shanken and Richard G. Sloan
University of Iowa - Department of Accounting, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Emory University - Goizueta Business School and University of Southern California - Leventhal School of Accounting

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63.

Book-to-Market, Dividend Yield, and Expected Market Returns: A Time-Series Analysis

Working Paper FR 95-13
Posted: 25 Apr 1998
S.P. Kothari and Jay A. Shanken
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Emory University - Goizueta Business School

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64.

Measuring Mutual Fund Performance

# FR 97-11
Posted: 01 Oct 1997
S.P. Kothari and Jerold B. Warner
Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Rochester – Simon Business School

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65.

Measuring Delivered Performance

Working Paper FR 96-07
Posted: 08 Sep 1997
Michael J. Barclay, Dhananjay (Dan) K. Gode and S.P. Kothari
University of Rochester - Simon School (Deceased), New York University (NYU) - Department of Accounting and Massachusetts Institute of Technology (MIT) - Sloan School of Management

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66.

Earnings Versus Price Changes: Delivered Versus Expected Performance

Posted: 09 Sep 1996
Michael J. Barclay, Dhananjay (Dan) K. Gode and S.P. Kothari
University of Rochester - Simon School (Deceased), New York University (NYU) - Department of Accounting and Massachusetts Institute of Technology (MIT) - Sloan School of Management

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67.

The Correlation Structure of Earnings Cash Flows and Accruals

Posted: 19 Jun 1995
Patricia Dechow, S.P. Kothari and Ross L. Watts
USC Marshall School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Massachusetts Institute of Technology (MIT) - Sloan School of Management

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