Sunil Wahal

Arizona State University (ASU) - Finance Department

W. P. Carey School of Business

PO Box 873906

Tempe, AZ 85287-3906

United States

SCHOLARLY PAPERS

28

DOWNLOADS
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SSRN RANKINGS

Top 4,045

in Total Papers Downloads

12,416

SSRN CITATIONS
Rank 4,630

SSRN RANKINGS

Top 4,630

in Total Papers Citations

250

CROSSREF CITATIONS

47

Ideas:
“  My most recent research includes (a) the incorporation of Value and Profitability in investment strategies, (b) how large institutions (Pensions, Endowments, Foundations and SWFs) choose investment managers in public equity and fixed income.  ”

Scholarly Papers (28)

1.

Choosing Investment Managers

Swiss Finance Institute Research Paper No. 20-63
Number of pages: 65 Posted: 16 Sep 2020 Last Revised: 27 Apr 2021
Amit Goyal, Sunil Wahal and M. Deniz Yavuz
University of Lausanne, Arizona State University (ASU) - Finance Department and Purdue University - Krannert School of Management
Downloads 1,470 (16,065)
Citation 2

Abstract:

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2.

Style Investing, Comovement and Return Predictability

Number of pages: 38 Posted: 28 Aug 2008 Last Revised: 10 Apr 2012
Sunil Wahal and M. Deniz Yavuz
Arizona State University (ASU) - Finance Department and Purdue University - Krannert School of Management
Downloads 1,257 (20,325)
Citation 4

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comovement, momentum, style investment, behavioral finance, return predictability , reversals

3.

Is Momentum an Echo?

Number of pages: 51 Posted: 01 Oct 2011 Last Revised: 27 Apr 2013
Amit Goyal and Sunil Wahal
University of Lausanne and Arizona State University (ASU) - Finance Department
Downloads 1,044 (26,697)
Citation 18

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Momentum, Market Efficiency, Return Predictability

4.

Competition Among Mutual Funds

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 45 Posted: 22 Mar 2008 Last Revised: 25 Aug 2011
Sunil Wahal and Yan Albert Wang
Arizona State University (ASU) - Finance Department and Auburn University
Downloads 978 (29,296)
Citation 13

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Mutual funds, Incumbents, Competition

5.

Performance Persistence in Institutional Investment Management

EFA 2006 Zurich Meetings Paper
Number of pages: 46 Posted: 14 Jun 2006
Jeffrey A. Busse, Amit Goyal and Sunil Wahal
Emory University - Department of Finance, University of Lausanne and Arizona State University (ASU) - Finance Department
Downloads 974 (29,473)
Citation 77

Abstract:

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6.

Do Institutional Investors Exacerbate Managerial Myopia?

Number of pages: 35 Posted: 26 Jan 1998
John J. McConnell and Sunil Wahal
Purdue University and Arizona State University (ASU) - Finance Department
Downloads 881 (33,919)
Citation 14

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7.

Grandstanding, Certification and the Underpricing of Venture Backed Ipos

Number of pages: 36 Posted: 24 Jul 2002
Peggy M. Lee and Sunil Wahal
Arizona State University (ASU) - Management Department and Arizona State University (ASU) - Finance Department
Downloads 794 (39,202)
Citation 93

Abstract:

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8.

The Anatomy of Trading Algorithms

Number of pages: 50 Posted: 18 Dec 2019 Last Revised: 21 Jan 2021
Tyler Beason and Sunil Wahal
Virginia Tech and Arizona State University (ASU) - Finance Department
Downloads 705 (46,116)
Citation 2

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Institutional Trading, Trading Algorithms, Market Microstructure, Transaction Costs

9.
Downloads 667 ( 49,558)
Citation 12

Momentum Trading by Institutions

Number of pages: 37 Posted: 27 May 1998
S.G. Badrinath and Sunil Wahal
San Diego State University and Arizona State University (ASU) - Finance Department
Downloads 667 (48,911)
Citation 12

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Momentum Trading by Institutions

Posted: 15 Jul 2003
S.G. Badrinath and Sunil Wahal
San Diego State University and Arizona State University (ASU) - Finance Department

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10.

High Frequency Quoting, Trading, and the Efficiency of Prices

Journal of Financial Economics (JFE), Forthcoming, UNC Kenan-Flagler Research Paper No. 2357122
Number of pages: 49 Posted: 19 Nov 2013 Last Revised: 15 Nov 2014
University of North Carolina at Chapel HillUniversity of North Carolina Kenan-Flagler Business School, Arizona State University (ASU) - Finance Department and Integrated Financial Engineering Inc.
Downloads 640 (52,348)
Citation 18

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High Frequency Trading, Market Microstructure

11.

On the Conjoint Nature of Value and Profitability

Number of pages: 14 Posted: 16 Jul 2020
Sunil Wahal and Eduardo Repetto
Arizona State University (ASU) - Finance Department and affiliation not provided to SSRN
Downloads 612 (55,706)
Citation 1

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Value, Profitability, Asset Pricing, Factor Models

12.

The Profitability and Investment Premium: Pre-1963 Evidence

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 41 Posted: 31 Dec 2016 Last Revised: 25 Mar 2018
Sunil Wahal
Arizona State University (ASU) - Finance Department
Downloads 553 (62,968)
Citation 15

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Profitability, Investment, Value Premium, Factor Models, Asset Pricing

13.

The Term Structure of Liquidity Provision

Number of pages: 45 Posted: 11 Sep 2016 Last Revised: 28 Feb 2019
University of North Carolina at Chapel HillUniversity of North Carolina Kenan-Flagler Business School and Arizona State University (ASU) - Finance Department
Downloads 506 (70,375)
Citation 9

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High frequency trading, market microstructure, market efficiency

14.

Institutional Trading and Soft Dollars

Number of pages: 32 Posted: 15 Jan 1998
University of North Carolina at Chapel HillUniversity of North Carolina Kenan-Flagler Business School, Aronson+Johnson+Ortiz and Arizona State University (ASU) - Finance Department
Downloads 402 (92,471)
Citation 18

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Agency Conflicts in Closed-End Funds: The Case of Rights Offerings

Number of pages: 47 Posted: 25 Jan 2002
Ajay Khorana, Sunil Wahal and Marc Zenner
Georgia Institute of Technology - Finance Area, Arizona State University (ASU) - Finance Department and Citigroup, Inc. - Investment Banking Division
Downloads 373 (100,051)
Citation 3

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Agency Conflicts in Closed-End Funds: The Case of Rights Offerings

Posted: 12 Feb 2002
Ajay Khorana, Sunil Wahal and Marc Zenner
Georgia Institute of Technology - Finance Area, Arizona State University (ASU) - Finance Department and Citigroup, Inc. - Investment Banking Division

Abstract:

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16.

The Joint Distribution of Value and Profitability: International Evidence

Number of pages: 17 Posted: 05 Jan 2021
Sunil Wahal and Eduardo Repetto
Arizona State University (ASU) - Finance Department and affiliation not provided to SSRN
Downloads 340 (111,834)

Abstract:

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Value, Profitability, Asset Pricing, Factor Models

Is Idiosyncratic Risk Conditionally Priced?

Number of pages: 37 Posted: 10 Feb 2016 Last Revised: 24 Apr 2019
Rajnish Mehra, Sunil Wahal and Daruo Xie
Arizona State University (ASU) - W.P Carey School of Business, Department of Economics, Arizona State University (ASU) - Finance Department and Australian National University (ANU)
Downloads 96 (340,154)

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Incomplete markets, Diversification, Idiosyncratic risk

Is Idiosyncratic Risk Conditionally Priced?

NBER Working Paper No. w22016
Number of pages: 37 Posted: 01 Mar 2016 Last Revised: 29 Aug 2021
Rajnish Mehra, Sunil Wahal and Daruo Xie
Arizona State University (ASU) - W.P Carey School of Business, Department of Economics, Arizona State University (ASU) - Finance Department and Australian National University (ANU)
Downloads 11 (736,246)

Abstract:

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18.

Picking Partners: Manager Selection in Private Equity

Number of pages: 57 Posted: 27 Aug 2021 Last Revised: 04 Oct 2021
Amit Goyal, Sunil Wahal and M. Deniz Yavuz
University of Lausanne, Arizona State University (ASU) - Finance Department and Purdue University - Krannert School of Management
Downloads 94 (344,412)

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Do Properly Anticipated Prices Fluctuate Randomly? Evidence from VIX Futures Markets

NBER Working Paper No. w24575
Number of pages: 40 Posted: 07 May 2018 Last Revised: 26 Aug 2021
George O. Aragon, Rajnish Mehra and Sunil Wahal
Arizona State University (ASU) - Finance Department, Arizona State University (ASU) - W.P Carey School of Business, Department of Economics and Arizona State University (ASU) - Finance Department
Downloads 19 (670,407)

Abstract:

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Do Properly Anticipated Prices Fluctuate Randomly? Evidence from VIX Futures Markets

Posted: 08 May 2018 Last Revised: 25 Mar 2020
George O. Aragon, Rajnish Mehra and Sunil Wahal
Arizona State University (ASU) - Finance Department, Arizona State University (ASU) - W.P Carey School of Business, Department of Economics and Arizona State University (ASU) - Finance Department

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VIX futures, volatility risk premium, mean-reversion, momentum

The Selection and Termination of Investment Managers By Plan Sponsors

Journal of Finance, Forthcoming
Posted: 18 Jun 2007
Amit Goyal and Sunil Wahal
University of Lausanne and Arizona State University (ASU) - Finance Department

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Pensions, Asset Management, Plan Sponsors

The Selection and Termination of Investment Managers by Plan Sponsors

Posted: 02 Mar 2005
Amit Goyal and Sunil Wahal
University of Lausanne and Arizona State University (ASU) - Finance Department

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Pensions, Asset Management, Plan Sponsors

21.

Institutional Trading Costs and Alternative Trading Systems

Posted: 21 Jul 2002
University of North Carolina at Chapel HillUniversity of North Carolina Kenan-Flagler Business School, Arizona State University (ASU) - Finance Department and Aronson+Johnson+Ortiz

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22.

The Trading of Institutional Investors: Theory and Evidence

Journal of Applied Finance, Vol. 12, No. 1, Spring/Summer
Posted: 06 Jun 2002
University of North Carolina at Chapel HillUniversity of North Carolina Kenan-Flagler Business School, Aronson+Johnson+Ortiz and Arizona State University (ASU) - Finance Department

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23.

Alternative Trading Systems

Posted: 16 Jul 2001
University of North Carolina at Chapel HillUniversity of North Carolina Kenan-Flagler Business School, Aronson+Johnson+Ortiz and Arizona State University (ASU) - Finance Department

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24.

Who Opts Out of State Antitakeover Protection? The Case of Pennsylvania's Sb 1310

Posted: 19 Sep 1999
Sunil Wahal, Kenneth W. Wiles and Marc Zenner
Arizona State University (ASU) - Finance Department, affiliation not provided to SSRN and Citigroup, Inc. - Investment Banking Division

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25.

Public Pension Fund Activism and Firm Performance

Posted: 13 Sep 1999
Sunil Wahal
Arizona State University (ASU) - Finance Department

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26.

Pension Fund Activism and Firm Performance

JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS, March 1996
Posted: 27 Jun 1998
Sunil Wahal
Arizona State University (ASU) - Finance Department

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27.

Why Do Firms Issue Equity? Right Issues in the Closed-End Funds Industry

Posted: 22 Apr 1998
Ajay Khorana, Sunil Wahal and Marc Zenner
Georgia Institute of Technology - Finance Area, Arizona State University (ASU) - Finance Department and Citigroup, Inc. - Investment Banking Division

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Entry, Exit, Market Makers and the Bid-Ask Spread

REVIEW OF FINANCIAL STUDIES, Vol. 10 No. 3
Posted: 02 Jul 1997
Sunil Wahal
Arizona State University (ASU) - Finance Department

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Entry, Exit, Market Makers and the Bid-Ask Spread

Posted: 26 Jan 1995
Sunil Wahal
Arizona State University (ASU) - Finance Department

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Other Papers (7)

Total Downloads: 1,925
1.

Exchange Traded Funds: Performance and Competition

Number of pages: 28 Posted: 19 Nov 2008
Marko Svetina and Sunil Wahal
University of San Diego and Arizona State University (ASU) - Finance Department
Downloads 1,757

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Exchange traded funds, index mutual funds, financial innovation

2.

Investing in a Global World

AFA 2012 Chicago Meetings Paper
Number of pages: 48 Posted: 10 Mar 2011 Last Revised: 22 Jun 2011
Jeffrey A. Busse, Amit Goyal and Sunil Wahal
Emory University - Department of Finance, University of Lausanne and Arizona State University (ASU) - Finance Department
Downloads 155 (139,256)

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International, Portfolio Management, Performance

3.

Comovement and Return Predictability

Number of pages: 15 Posted: 22 Aug 2007
Sunil Wahal and M. Deniz Yavuz
Arizona State University (ASU) - Finance Department and Purdue University - Krannert School of Management
Downloads 6

Abstract:

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4.

The Demand for Diversification in Incomplete Markets

Number of pages: 54 Posted: 15 Aug 2016
Rajnish Mehra, Sunil Wahal and Daruo Xie
Arizona State University (ASU) - W.P Carey School of Business, Department of Economics, Arizona State University (ASU) - Finance Department and Australian National University (ANU)
Downloads 3

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diversification, cross-section of returns

5.

Style Investing, Comovement and Return Predictability

Number of pages: 37 Posted: 17 Mar 2008
Sunil Wahal and M. Deniz Yavuz
Arizona State University (ASU) - Finance Department and Purdue University - Krannert School of Management
Downloads 3

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style investing, comovement, momentum

6.

An Analysis of Exchange Traded Funds: Performance and Competition

Number of pages: 33 Posted: 20 Mar 2007
Marko Svetina and Sunil Wahal
University of San Diego and Arizona State University (ASU) - Finance Department
Downloads 1

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Exchange traded funds, Premium, Performance, Competition

7.

Electronic Markets and Trading Algorithms

Journal of Trading, Forthcoming
Posted: 23 Aug 2011 Last Revised: 08 Mar 2012
Sunil Wahal
Arizona State University (ASU) - Finance Department

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Trading Algorithms, High Frequency Trading, Dark Pools