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

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

58

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2,273

Scholarly Papers (58)

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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 14,606 (203)
Citation 105

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

2.

Capital Markets Research in Accounting

Downloads 10,863 ( 352)
Citation 390

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 10,863 (345)
Citation 390

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

Capital Markets Research in Accounting

Journal of Accounting & Economics, Vol. 31, Nos. 1-3, September 2001
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.

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 6,324 (954)
Citation 55

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4.

Econometrics of the Basu Asymmetric Timeliness Coefficient and Accounting Conservatism

Downloads 5,867 ( 1,091)
Citation 46

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 5,358 (1,258)
Citation 46

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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 509 (52,321)
Citation 46

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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

5.

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 5,521 (1,207)
Citation 512

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6.

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 5,158 (1,358)
Citation 3

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financial crisis, securitization, fair value, incentives

7.

Testing Behavioral Finance Theories Using Trends and Sequences in Financial Performance

MIT Sloan Working Paper No. 4375-02
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 4,631 (1,640)
Citation 27

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8.

How Much Do Firms Hedge with Derivatives?

Downloads 4,406 ( 1,805)
Citation 110

How Much Do Firms Hedge with Derivatives?

AFA 2002 Atlanta Meetings
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 2,607 (4,361)
Citation 109

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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 1,799 (8,207)
Citation 108

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Derivatives; Hedging; Risk management; Exposure

How Much Do Firms Hedge with Derivatives?

Journal of Financial Economics, Forthcoming
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

9.

Performance Matched Discretionary Accrual Measures

Downloads 4,154 ( 1,996)

Performance Matched Discretionary Accrual Measures

Simon School of Business Working Paper No. FR 01-04; MIT Sloan Working Paper No. 4335-01
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, University of Miami and Simon School, University of Rochester
Downloads 4,154 (1,968)
Citation 426

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Earnings Management, Discretionary Accruals, Performance Matching

Performance Matched Discretionary Accrual Measures

Journal of Accounting & Economics, Vol. 39, No. 1, 2005
Posted: 10 Mar 2004
S.P. Kothari, Andrew J. Leone and Charles E. Wasley
Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of Miami and Simon School, University of Rochester

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

10.

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 4,147 (2,002)
Citation 71

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11.

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, Harvard Business School and The University of Chicago - Booth School of Business
Downloads 4,091 (2,050)
Citation 38

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12.

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 2,971 (3,570)
Citation 62

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

13.

The Benefits of Financial Statement Comparability

Downloads 2,648 ( 4,347)
Citation 10

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 2,648 (4,252)
Citation 10

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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

14.

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 2,387 (5,162)
Citation 124

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Bad News, Conservatism, Disclosure

15.

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

Downloads 2,348 ( 5,323)
Citation 25

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 2,348 (5,208)
Citation 25

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

The Accounting Review, Forthcoming
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

16.

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 2,122 (6,291)
Citation 29

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accrual anomaly; earnings management; agency theory of overvalued equity

17.

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

Simon School of Business Working Paper FR 99-02
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 University of Miami
Downloads 2,115 (6,331)
Citation 12

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18.

Determinants of the Informativeness of Analyst Research

MIT Sloan Working Paper No. 4243-02
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 1,937 (7,382)
Citation 73

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

19.

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 1,876 (7,810)
Citation 20

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conditional conservatism, asymmetric timeliness, earnings

20.

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

Simon School of Business Working Paper FR 97-20
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 1,363 (13,128)
Citation 1

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21.

Generating Superior Performance in Private Equity: A New Investment Methodology

Downloads 1,325 ( 13,706)

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 and Gitanjali Swamy
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management and PCRI, Harvard Business School
Downloads 1,200 (15,662)

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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 and Gitanjali Swamy
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management and PCRI, Harvard Business School
Downloads 125 (221,819)

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Private equity, fund performance, efficient frontier, portfolio theory

22.

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 and James E. Short
Massachusetts Institute of Technology (MIT) - Sloan School of Management, School of Business and San Diego Supercomputer Center, UC San Diego
Downloads 1,291 (14,265)
Citation 40

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Content Analysis of Disclosure, Cost of Capital

23.

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 1,186 (16,284)
Citation 1

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Investment, stock returns, profits, interest rates, uncertainty

24.

Analysts’ Forecasts and Asset Pricing: A Survey

Downloads 851 ( 26,609)

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 851 (26,190)

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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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25.

Why Shareholder Wealth Maximization Despite Other Objectives

Number of pages: 28 Posted: 06 May 2018 Last Revised: 21 Nov 2018
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 Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 849 (26,701)

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Firm Objective, Shareholder Wealth, Friedman, Corporate Social Responsibility

26.

The Advantages of Using Earnings for Compensation: Matching Delivered Performance

Downloads 799 ( 29,039)
Citation 3

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 702 (34,103)
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 97 (266,388)
Citation 2

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27.

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

EFA 0174
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) - Fisher College of Business
Downloads 709 (34,173)
Citation 21

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28.

Long-Term Impact of Economic Conditions on Auditors’ Judgment

Downloads 690 ( 35,492)

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 Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 584 (43,754)

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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 Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 106 (250,586)

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economic condition; audit adjustment; imprinting

29.

High Non-GAAP Earnings Predict Abnormally High CEO Pay

Number of pages: 54 Posted: 06 Sep 2017 Last Revised: 09 Jan 2019
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 679 (36,339)

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

30.

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

EFA 2005 Moscow Meetings Paper
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 411 (68,716)

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

31.

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

Number of pages: 50 Posted: 10 Mar 2017 Last Revised: 13 Aug 2018
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 366 (78,734)

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Dividends, Earnings, Capital Scarcity, Active Investors

32.

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 and S.P. Kothari
University of Rochester - Simon Business School and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 340 (85,756)

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

33.

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 304 (97,039)
Citation 5

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

34.

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 247 (120,835)

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

35.

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 and S.P. Kothari
University of Rochester - Simon Business School and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 168 (173,619)

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

36.

Capture and Competition

Simon Business School Working Paper No. FR-16-13
Number of pages: 47 Posted: 25 Nov 2016
Sudarshan Jayaraman, S.P. Kothari and Karthik Ramanna
University of Rochester - Simon Business School, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Harvard Business School
Downloads 162 (179,080)

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Regulatory Capture, Product Market Competition, Inversions

37.

Knowledge Transfer in Audit Firms

Number of pages: 57 Posted: 08 Aug 2018 Last Revised: 05 Nov 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 Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 148 (193,255)

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

38.

Properties of Implied Cost of Capital Using Analysts’ Forecasts

Downloads 146 (195,327)
Citation 62

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 121 (227,371)
Citation 62

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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 25 (496,208)
Citation 62

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

39.

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 54 (366,890)

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

40.

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 and Sugata Roychowdhury
Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of Washington and Boston College

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

41.

The Relation between Earnings and Cash Flows

Journal of Accounting & Economics, Vol. 25, 1998
Posted: 06 Sep 2006
Patricia M. Dechow, S.P. Kothari and Ross L. Watts
University of Southern California - Leventhal School of Accounting, 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

42.

Implications of Survival and Data Trimming for Tests of Market Efficiency

Journal of Accounting and Economics, Forthcoming
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) - Fisher College of Business

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Capital markets, Market efficiency

43.

Asset Allocation with Inflation-Protected Bonds

Financial Analysts Journal, Vol. 60, No. 1, pp. 54-70, January/February 2004
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

44.

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

45.

Accounting for Employee Stock Options

American Economic Review, Forthcoming
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

46.

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

Journal of Accounting & Economics, Vol. 34, Nos. 1-3, pp. 69-87, January 2003
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

47.

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

Review of Accounting Studies, December 2002
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 University of Miami

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R&D; Capitalization

48.

Are Corporations Reducing or Taking Risks with Derivatives?

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

Abstract:

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49.

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

Abstract:

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50.

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

Abstract:

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51.

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

Abstract:

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52.

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

Abstract:

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53.

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

Abstract:

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54.

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

Abstract:

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55.

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

Abstract:

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56.

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

Abstract:

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57.

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

Abstract:

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58.

The Correlation Structure of Earnings Cash Flows and Accruals

Posted: 19 Jun 1995
Patricia M. Dechow, S.P. Kothari and Ross L. Watts
University of Southern California - Leventhal School of Accounting, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Abstract:

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