Ajay Khorana

Georgia Institute of Technology - Finance Area

Wachovia Associate Professor of Finance

755 Ferst Drive

Atlanta, GA 30332

United States

SCHOLARLY PAPERS

22

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CITATIONS
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Top 1,524

in Total Papers Citations

367

Scholarly Papers (22)

1.

Mutual Funds Fees Around the World

HBS Finance Working Paper No. 901023
Number of pages: 45 Posted: 08 May 2006
Ajay Khorana, Henri Servaes and Peter Tufano
Georgia Institute of Technology - Finance Area, London Business School and University of Oxford - Said Business School
Downloads 3,015 (2,428)
Citation 37

Abstract:

An Examination of Herd Behavior in Equity Markets: An International Perspective

Number of pages: 39 Posted: 29 Sep 1999
Ajay Khorana, Eric C. Chang and Joseph W. Cheng
Georgia Institute of Technology - Finance Area, University of Hong Kong - School of Business and The Chinese University of Hong Kong (CUHK) - Department of Finance
Downloads 2,189 (4,341)
Citation 35

Abstract:

An Examination of Herd Behavior in Equity Markets: An International Perspective

Journal of Banking and Finance
Posted: 29 Sep 1999
Ajay Khorana, Eric C. Chang and Joseph W. Cheng
Georgia Institute of Technology - Finance Area, University of Hong Kong - School of Business and The Chinese University of Hong Kong (CUHK) - Department of Finance

Abstract:

3.

Conflicts of Interest and Competition in the Mutual Fund Industry

Number of pages: 44 Posted: 04 Oct 2000
Ajay Khorana and Henri Servaes
Georgia Institute of Technology - Finance Area and London Business School
Downloads 1,770 (6,053)
Citation 32

Abstract:

Explaining the Size of the Mutual Fund Industry Around the World

Darden School of Business Working Paper No. 03-04; Harvard NOM Working Paper No. 03-23; EFA 2003 Annual Conference Paper No. 804
Number of pages: 50 Posted: 06 May 2003
Ajay Khorana, Henri Servaes and Peter Tufano
Georgia Institute of Technology - Finance Area, London Business School and University of Oxford - Said Business School
Downloads 1,535 (8,061)
Citation 48

Abstract:

Explaining the Size of the Mutual Fund Industry Around the World

Journal of Financial Economics, Forthcoming
Posted: 14 Sep 2004
Ajay Khorana, Henri Servaes and Peter Tufano
Georgia Institute of Technology - Finance Area, London Business School and University of Oxford - Said Business School

Abstract:

5.

Board Structure, Mergers and Shareholder Wealth: A Study of the Mutual Fund Industry

Journal of Financial Economics (JFE), Forthcoming, AFA 2007 Chicago Meetings
Number of pages: 43 Posted: 12 Jun 2006
Ajay Khorana, Lei Wedge and Peter Tufano
Georgia Institute of Technology - Finance Area, University of South Florida and University of Oxford - Said Business School
Downloads 1,406 (9,176)
Citation 36

Abstract:

mutual fund, board structure, mergers

Is There Life after the Complete Loss of Analyst Coverage?

Number of pages: 49 Posted: 22 Mar 2010 Last Revised: 30 Oct 2012
Simona Mola, P. Raghavendra Rau and Ajay Khorana
U.S. Securities and Exchange Commission, University of Cambridge and Georgia Institute of Technology - Finance Area
Downloads 933 (17,675)
Citation 10

Abstract:

analyst coverage, delisting prediction, investor recognition

Is There Life after the Complete Loss of Analyst Coverage?

Accounting Review, Forthcoming
Number of pages: 49 Posted: 31 Oct 2012
Simona Mola, P. Raghavendra Rau and Ajay Khorana
U.S. Securities and Exchange Commission, University of Cambridge and Georgia Institute of Technology - Finance Area
Downloads 130 (175,295)
Citation 10

Abstract:

analyst coverage, investor recognition, delisting prediction

7.
Downloads 990 ( 16,449)
Citation 18

Portfolio Manager Ownership and Fund Performance

ECGI - Finance Working Paper No. 148/2007
Number of pages: 45 Posted: 13 Sep 2006
Ajay Khorana, Henri Servaes and Lei Wedge
Georgia Institute of Technology - Finance Area, London Business School and University of South Florida
Downloads 974 (16,563)
Citation 18

Abstract:

manager ownership, fund performance, mutual fund board

Portfolio Manager Ownership and Fund Performance

CEPR Discussion Paper No. 5931
Number of pages: 44 Posted: 03 Jan 2007
Ajay Khorana, Henri Servaes and Lei Wedge
Georgia Institute of Technology - Finance Area, London Business School and University of South Florida
Downloads 16 (463,051)
Citation 18

Abstract:

Fund performance, portfolio manager ownership

Independents' Day? Analyst Behavior Surrounding the Global Settlement

Number of pages: 27 Posted: 07 Jul 2004 Last Revised: 21 Aug 2009
Georgia Institute of Technology - Scheller College of Business, Georgia Institute of Technology - Finance Area, University of Cambridge and Wake Forest University, School of Business
Downloads 738 (24,978)
Citation 10

Abstract:

Analysts, Investment banks, Independent Research institutions, Conflicts of interest, Analyst recommendations, Global Settlement

Independents' Day? Analyst Behavior Surrounding the Global Settlement

Annals of Finance, 7(4) 529-547, 2011
Posted: 25 Aug 2009 Last Revised: 26 Oct 2015
Georgia Institute of Technology - Scheller College of Business, Georgia Institute of Technology - Finance Area, Wake Forest University, School of Business and University of Cambridge

Abstract:

Analyst Recommendations, Investment banks, Independent research institutions, Conflicts of interest, Global Settlement

The Impact of All-Star Analyst Job Changes on Their Coverage Choices and Investment Banking Deal Flow

Journal of Financial Economics (JFE), Forthcoming, Utah Winter Finance Conference
Number of pages: 34 Posted: 30 Aug 2003 Last Revised: 26 May 2010
Georgia Institute of Technology - Finance Area, Wake Forest University, School of Business, University of Cambridge and Georgia Institute of Technology - Scheller College of Business
Downloads 738 (24,978)
Citation 28

Abstract:

All-star analysts, analyst coverage, market share, investment bank relationships, conflicts of interests

The Impact of All-Star Analyst Job Changes on Their Coverage Choices and Investment Banking Deal Flow

Journal of Financial Economics, Vol. 84, pp. 713-737, 2007
Posted: 18 Dec 2005 Last Revised: 26 Oct 2015
Georgia Institute of Technology - Finance Area, Georgia Institute of Technology - Scheller College of Business, University of Cambridge and Wake Forest University, School of Business

Abstract:

All-star analyst, analyst coverage, market share, investment banking relationships, conflicts of interests

An Analysis of the Determinants and Shareholder Wealth Effects of Mutual Fund Mergers

Number of pages: 40 Posted: 14 Aug 2001
Georgia Institute of Technology - Scheller College of Business, Georgia Institute of Technology - Finance Area and Drexel University - Department of Finance
Downloads 626 (31,397)
Citation 25

Abstract:

An Analysis of the Determinants and Shareholder Wealth Effects of Mutual Fund Mergers

Journal of Finance, Vol. 57, pp. 1521-1551, 2002
Posted: 29 Nov 2003
Georgia Institute of Technology - Scheller College of Business, Georgia Institute of Technology - Finance Area and Drexel University - Department of Finance

Abstract:

An Analysis of the Determinants and Shareholder Wealth Effects of Mutual Fund Mergers

Journal of Finance, Forthcoming
Posted: 16 Aug 2001
Georgia Institute of Technology - Scheller College of Business, Georgia Institute of Technology - Finance Area and Drexel University - Department of Finance

Abstract:

11.
Downloads 517 ( 41,042)
Citation 61

The Determinants of Mutual Fund Starts

Number of pages: 42 Posted: 01 Feb 1999
Ajay Khorana and Henri Servaes
Georgia Institute of Technology - Finance Area and London Business School
Downloads 517 (40,509)
Citation 61

Abstract:

The Determinants of Mutual Fund Starts

Review of Financial Studies
Posted: 07 Feb 2000
Ajay Khorana and Henri Servaes
Georgia Institute of Technology - Finance Area and London Business School

Abstract:

The Determinants of Mutual Fund Starts

Review of Financial Studies, Vol. 12, Issue 5
Posted: 16 Nov 1999
Ajay Khorana and Henri Servaes
Georgia Institute of Technology - Finance Area and London Business School

Abstract:

Managerial Actions in Response to a Market Downturn: Valuation Effects of Name Changes in the Dot.com Decline

Purdue University Working Paper
Number of pages: 28 Posted: 28 Mar 2003
Georgia Institute of Technology - Finance Area, University of Utah - David Eccles School of Business, Wake Forest University, School of Business, University of Cambridge and Georgia State University, Department of Finance
Downloads 453 (47,943)
Citation 20

Abstract:

Behavioral Finance, Dotcom bubble, Managerial Timing, Gaming Behavior, Market Efficiency, Anomalies, Name Changes

Managerial Actions in Response to a Market Downturn: Valuation Effects of Name Changes in the dot.com Decline

Journal of Corporate Finance, Vol. 11, Nos. 1-2, pp. 319-335, 2005
Posted: 09 Apr 2004
Georgia Institute of Technology - Finance Area, University of Utah - David Eccles School of Business, Wake Forest University, School of Business, University of Cambridge and Georgia State University, Department of Finance

Abstract:

Behavioral finance, market efficiency, dotcom firms

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 354 (64,617)
Citation 2

Abstract:

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

Journal of Financial and Quantitative Analysis, Forthcoming
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:

14.

Why Do Firms Go Public through Debt Instead of Equity?

Number of pages: 49 Posted: 20 Mar 2012 Last Revised: 16 Aug 2015
University of Pennsylvania - The Wharton School, Wharton Research Data Services (WRDS), Georgia Institute of Technology - Finance Area and University of Cambridge
Downloads 72 (120,773)

Abstract:

Initial public debt offerings, information asymmetry, going public decision, financial statement informativeness

15.

Spin‐Offs: Tackling the Conglomerate Discount

Journal of Applied Corporate Finance, Vol. 23, Issue 4, pp. 90-101, 2011
Number of pages: 14 Posted: 22 Dec 2011
Georgia Institute of Technology - Finance Area, University of North Carolina Kenan-Flagler Business School, affiliation not provided to SSRN and affiliation not provided to SSRN
Downloads 11 (466,421)

Abstract:

16.

Replenishing the Banking Sector: Managing Bank Capital in the Post-Crisis World

Journal of Applied Corporate Finance, Vol. 22, No. 3, pp. 94-111, Summer 2010
Number of pages: 20 Posted: 04 Oct 2010
Ajay Khorana and Matt Perlman
Georgia Institute of Technology - Finance Area and affiliation not provided to SSRN
Downloads 4 (504,642)
Citation 2

Abstract:

17.

What Drives Market Share in the Mutual Fund Industry

Review of Finance, Forthcoming
Posted: 01 Nov 2011
Ajay Khorana and Henri Servaes
Georgia Institute of Technology - Finance Area and London Business School

Abstract:

mutual funds, market share, price competition, product differentiation

18.

Mutual Fund Fees Around the World

The Review of Financial Studies, Vol. 22, Issue 3, pp. 1279-1310, 2009
Posted: 17 Mar 2009
Ajay Khorana, Henri Servaes and Peter Tufano
Georgia Institute of Technology - Finance Area, London Business School and University of Oxford - Said Business School

Abstract:

G2, L11

19.

Performance Changes Following Top Management Turnover: Evidence from Open-End Mutual Funds

Journal of Financial and Quantitative Analysis, September 2001
Posted: 24 Aug 2001
Ajay Khorana
Georgia Institute of Technology - Finance Area

Abstract:

20.

Does the Relation Between Executive Compensation and Firm Size Explain the Large Takeovers of the 1980s?

Posted: 26 Aug 1999
Ajay Khorana and Marc Zenner
Georgia Institute of Technology - Finance Area and Citigroup, Inc. - Investment Banking Division

Abstract:

21.

Executive Compensation of Large Acquirors in the 1980s

Journal of Corporate Finance, Vol. 4, No. 3, 1998
Posted: 09 Oct 1998
Ajay Khorana and Marc Zenner
Georgia Institute of Technology - Finance Area and Citigroup, Inc. - Investment Banking Division

Abstract:

22.

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

Abstract: