Kuntara Pukthuanthong

University of Missouri, Columbia

Associate Professor, Robert J. Trulaske Jr. Professor of Finance

Robert J. Trulaske, Sr. College of Business

403 Cornell Hall

Columbia, MO 65211

United States

https://www.kuntara.net/

  • University of Missouri, Columbia

SCHOLARLY PAPERS

83

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205

CROSSREF CITATIONS

126

Scholarly Papers (83)

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1.

A Protocol for Factor Identification

Downloads 2,414 ( 8,310)
Citation 18

A Protocol for Factor Identification

Forthcoming, Review of Financial Studies
Number of pages: 64 Posted: 14 Jul 2018
Kuntara Pukthuanthong, Richard Roll and Avanidhar Subrahmanyam
University of Missouri, Columbia, California Institute of Technology and University of California, Los Angeles (UCLA) - Finance Area
Downloads 733 (48,608)
Citation 5

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factor, risk factor, risk premium, protocol, select factors

A Protocol for Factor Identification

Review of Financial Studies, Forthcoming
Number of pages: 50 Posted: 24 Jul 2017 Last Revised: 17 Jun 2018
Kuntara Pukthuanthong, Richard Roll and Avanidhar Subrahmanyam
University of Missouri, Columbia, California Institute of Technology and University of California, Los Angeles (UCLA) - Finance Area
Downloads 685 (53,216)
Citation 6

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Factors, Factor Identification, Principle Components, Cross-Sectional Regression, Return Variation, Error-In-Variable Problem

A Protocol for Factor Identification

Number of pages: 47 Posted: 20 Oct 2013 Last Revised: 19 Jun 2018
Kuntara Pukthuanthong and Richard Roll
University of Missouri, Columbia and California Institute of Technology
Downloads 562 (68,566)

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A Protocol for Factor Identification

Number of pages: 47 Posted: 05 Nov 2014
Kuntara Pukthuanthong and Richard Roll
University of Missouri, Columbia and California Institute of Technology
Downloads 434 (94,010)
Citation 8

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2.

Empirical Tests of Asset Pricing Models with Individual Assets: Resolving the Errors-in-Variables Bias in Risk Premium Estimation

Downloads 1,332 ( 21,152)
Citation 14

Empirical Tests of Asset Pricing Models with Individual Assets: Resolving the Errors-in-Variables Bias in Risk Premium Estimation

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 86 Posted: 11 Jan 2017 Last Revised: 06 Aug 2018
Narasimhan Jegadeesh, Joonki Noh, Kuntara Pukthuanthong, Richard Roll and Junbo L. Wang
Emory University - Department of Finance, Case Western Reserve University - Department of Banking and Finance, University of Missouri, Columbia, California Institute of Technology and Louisiana State University, Baton Rouge
Downloads 978 (32,706)
Citation 5

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Risk Premium Estimation, Errors-in-Variables Bias, Instrumental Variables, Individual Stocks, Asset Pricing Models

Empirical Tests of Asset Pricing Models with Individual Assets: Resolving the Errors-in-Variables Bias in Risk Premium Estimation

Number of pages: 67 Posted: 24 Sep 2015
Narasimhan Jegadeesh, Joonki Noh, Kuntara Pukthuanthong, Richard Roll and Junbo L. Wang
Emory University - Department of Finance, Case Western Reserve University - Department of Banking and Finance, University of Missouri, Columbia, California Institute of Technology and Louisiana State University, Baton Rouge
Downloads 354 (118,793)
Citation 11

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Risk Premium Estimation, Errors-in-Variables Bias, Instrumental Variables, Individual Stocks, Asset Pricing Models

3.

A Picture is Worth a Thousand Words: Measuring Investor Sentiment by Combining Machine Learning and Photos from News

Downloads 1,326 ( 21,304)
Citation 2

A Picture is Worth a Thousand Words: Measuring Investor Sentiment by Combining Machine Learning and Photos from News

Number of pages: 74 Posted: 10 Dec 2018 Last Revised: 02 Jul 2020
Khaled Obaid and Kuntara Pukthuanthong
California State University-East Bay and University of Missouri, Columbia
Downloads 962 (33,474)

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Investor Sentiment, Behavioral Finance, Return Predictability, Machine Learning, Big Data

A Picture is Worth a Thousand Words: Measuring Investor Sentiment by Combining Machine Learning and Photos from News

Forthcoming, Journal of Financial Economics
Number of pages: 54 Posted: 10 May 2021 Last Revised: 07 Jun 2021
Khaled Obaid and Kuntara Pukthuanthong
California State University-East Bay and University of Missouri, Columbia
Downloads 364 (115,088)

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Sentiment, machine learning, photo, visual sentiment, predictability, convolution neural network

4.

Do Foreign Exchange Markets Still Trend?

Downloads 1,100 ( 28,095)
Citation 23

Do Foreign Exchange Markets Still Trend?

Journal of Portfolio Management, Vol. Fall, 2007
Number of pages: 16 Posted: 10 Dec 2006 Last Revised: 14 Jan 2009
Kuntara Pukthuanthong, Richard M. Levich and Lee R. Thomas
University of Missouri, Columbia, New York University (NYU) - Department of Finance and Investcorp - London Office
Downloads 769 (45,551)
Citation 1

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foreign exchange, technical trading

Do Foreign Exchange Markets Still Trend?

NYU Working Paper No. FIN-06-030, Journalof Portfolio Management, Vol. 34, No. 1, 2007
Number of pages: 16 Posted: 03 Nov 2008 Last Revised: 07 Nov 2011
Kuntara Pukthuanthong, Richard M. Levich and Lee R. Thomas III
University of Missouri, Columbia, New York University (NYU) - Department of Finance and affiliation not provided to SSRN
Downloads 331 (127,925)
Citation 9

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5.

Sentiment Across Asset Markets

Number of pages: 45 Posted: 11 Jun 2018 Last Revised: 24 Jun 2018
Dashan Huang, Heikki Lehkonen, Kuntara Pukthuanthong and Guofu Zhou
Singapore Management University - Lee Kong Chian School of Business, University of Jyväskylä - School of Business and Economics, University of Missouri, Columbia and Washington University in St. Louis - John M. Olin Business School
Downloads 1,053 (29,970)
Citation 6

Abstract:

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Sentiment

6.

A New Method for Factor-Mimicking Portfolio Construction

Number of pages: 79 Posted: 18 Mar 2019 Last Revised: 14 Apr 2022
Kuntara Pukthuanthong, Richard Roll, Junbo L. Wang and Tengfei Zhang
University of Missouri, Columbia, California Institute of Technology, Louisiana State University, Baton Rouge and University of Cambridge - Cambridge Judge Business School
Downloads 958 (34,220)

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factor-mimicking portfolios, nontraded factors, risk premium

7.

Past Performance May Be an Illusion: Performance, Flows, and Fees in Mutual Funds

Critical Finance Review, Forthcoming
Number of pages: 56 Posted: 30 Oct 2012 Last Revised: 22 Dec 2014
Blake Phillips, Kuntara Pukthuanthong and P. Raghavendra Rau
University of Waterloo, University of Missouri, Columbia and University of Cambridge
Downloads 694 (52,991)
Citation 26

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Limited attention; Behavioral finance; Investor psychology; Capital markets; Horizon effects; Mutual fund fee-setting

8.

Size Doesn't Matter: Diseconomies of Scale in the Mutual Fund Industry Revisited

Journal of Banking and Finance, Forthcoming
Number of pages: 30 Posted: 11 Feb 2018
Blake Phillips, Kuntara Pukthuanthong and P. Raghavendra Rau
University of Waterloo, University of Missouri, Columbia and University of Cambridge
Downloads 609 (62,644)
Citation 5

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Mutual Fund Performance, Size-Performance Relation, Instrumental Variables, Diseconomies of Scale

9.

Do Hedge Funds Dynamically Manage Systematic Risk?

Journal of Banking and Finance, Forthcoming
Number of pages: 47 Posted: 30 Oct 2012 Last Revised: 01 Dec 2015
Ethan Namvar, Blake Phillips, Kuntara Pukthuanthong and P. Raghavendra Rau
University of California, Berkeley - Haas School of Business, University of Waterloo, University of Missouri, Columbia and University of Cambridge
Downloads 507 (78,784)
Citation 4

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Hedge Funds, Alternative Investments, Correlation Risk, Systematic Risk

10.

Detecting Superior Mutual Fund Managers: Evidence from Copycats

Review of Asset Pricing Studies, Forthcoming
Number of pages: 52 Posted: 19 Sep 2014 Last Revised: 22 Dec 2014
Blake Phillips, Kuntara Pukthuanthong and P. Raghavendra Rau
University of Waterloo, University of Missouri, Columbia and University of Cambridge
Downloads 453 (90,157)
Citation 3

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copycats, mutual fund, skill, performance

11.

An International CAPM for Partially Integrated Markets: Theory and Empirical Evidence

Journal of Banking and Finance, Vol. 36, No. 9, 2012
Number of pages: 54 Posted: 23 Dec 2012
Mohamed El Hedi Arouri, Duc Khuong Nguyen and Kuntara Pukthuanthong
EDHEC Business School, IPAG Business School and University of Missouri, Columbia
Downloads 343 (123,736)

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ICAPM, integration, emerging markets, multivariate GARCH

12.

Resolving the Errors-in-Variables Bias in Risk Premium Estimation

Number of pages: 69 Posted: 28 Jul 2014 Last Revised: 19 Jun 2018
Kuntara Pukthuanthong, Richard Roll and Junbo L. Wang
University of Missouri, Columbia, California Institute of Technology and Louisiana State University, Baton Rouge
Downloads 335 (126,957)
Citation 1

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error-in-variables, instruments, asset pricing

13.

Economic Narratives and Market Outcomes: A Semi-Supervised Topic Modeling Approach

Number of pages: 87 Posted: 29 Dec 2021 Last Revised: 18 Jan 2022
Dat Mai and Kuntara Pukthuanthong
University of Missouri at Columbia, Department of Finance and University of Missouri, Columbia
Downloads 285 (150,334)

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Narratives, LDA, topic modeling, predictability, textual analysis, history

14.

Changing Expected Returns Can Induce Spurious Serial Correlation

Downloads 234 (182,588)

Changing Expected Returns Can Induce Spurious Serial Correlation

Number of pages: 59 Posted: 14 Nov 2021 Last Revised: 06 Jul 2022
Kuntara Pukthuanthong, Richard Roll and Avanidhar Subrahmanyam
University of Missouri, Columbia, California Institute of Technology and University of California, Los Angeles (UCLA) - Finance Area
Downloads 120 (321,694)

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Efficient Markets, Serial Correlation, Spurious Results

Changing Expected Returns Can Induce Spurious Components in Autocorrelations

Number of pages: 60 Posted: 18 Aug 2021 Last Revised: 25 Jul 2022
Kuntara Pukthuanthong, Richard Roll and Avanidhar Subrahmanyam
University of Missouri, Columbia, California Institute of Technology and University of California, Los Angeles (UCLA) - Finance Area
Downloads 114 (333,659)

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Efficient Markets, Serial Correlation, Spurious Results

15.

Blaze New Trails for Others to Follow: Evidence from Scanner Data

Number of pages: 69 Posted: 06 Jan 2021 Last Revised: 14 Jul 2021
Kuntara Pukthuanthong and Ruixiang Wang
University of Missouri, Columbia and Northeastern University
Downloads 228 (187,099)

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Innovation Processes, Management of Technological Innovation, Stock Returns, Market Efficiency, Firm Strategy and Market Performance

16.

Agnostic Tests of Stochastic Discount Factor Theory

Number of pages: 51 Posted: 19 Apr 2015 Last Revised: 14 Dec 2019
Kuntara Pukthuanthong and Richard Roll
University of Missouri, Columbia and California Institute of Technology
Downloads 227 (187,882)
Citation 3

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Stochastic discount factor, asset pricing

17.

Machine Learning Classification Methods and Portfolio Allocation: An Alternative Probabilistic Perspective

Number of pages: 99 Posted: 10 Sep 2020 Last Revised: 17 Nov 2021
Yang Bai and Kuntara Pukthuanthong
University of Missouri, Finance Department and University of Missouri, Columbia
Downloads 222 (191,941)

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Artificial neural network, big data, binomial test, classification, dropout additive regression tree, gradient boosting machine, information theory, machine learning, portfolio allocation, out-of-sample prediction, random forest, return state transition

18.

Market Fragility and International Market Crashes

Journal of Financial Economics 2012, 105(3), 565-580
Number of pages: 62 Posted: 07 Nov 2011 Last Revised: 24 Dec 2012
Dave Berger and Kuntara Pukthuanthong
Oregon State University and University of Missouri, Columbia
Downloads 213 (199,516)
Citation 5

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Financial crises, Systemic risk

19.

The Effect of Capital Ratios on the Risk, Efficiency and Profitability of Banks: Evidence from OECD Countries

Journal of International Financial Markets, Institutions and Money, Forthcoming
Number of pages: 59 Posted: 10 Jan 2018
Mohammad Bitar, Mohammad Bitar, Kuntara Pukthuanthong and Thomas John Walker
Nottingham University Business SchoolUniversity of Nottingham, University of Missouri, Columbia and Concordia University, Quebec - Department of Finance
Downloads 202 (209,564)
Citation 6

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Bank capital, Basel capital, risk, efficiency, profitability, principal component analysis, quantile regressions

20.

Does Disclosure Regulation Work? Evidence from International IPO Markets

Contemporary Accounting Research, Forthcoming
Number of pages: 62 Posted: 14 Jan 2012
Charles Shi, Kuntara Pukthuanthong and Thomas John Walker
NUS Business School, National University of Singapore, University of Missouri, Columbia and Concordia University, Quebec - Department of Finance
Downloads 194 (217,390)
Citation 2

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Disclosure Regulation, Mandatory Disclosure, Information Asymmetry, International IPO Underpricing

21.

Basel III and Bank Efficiency: Does One Solution Fit All? Evidence from Islamic and Conventional Banks

Number of pages: 70 Posted: 05 May 2015
Mohammad Bitar, Mohammad Bitar, Thomas John Walker and Kuntara Pukthuanthong
Nottingham University Business SchoolUniversity of Nottingham, Concordia University, Quebec - Department of Finance and University of Missouri, Columbia
Downloads 191 (220,339)

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Efficiency, Basel III, Capital, Liquidity, Conditional Quantile Regression

22.

Fragility, Stress, and Market Returns

Journal of Banking and Finance, Forthcoming
Number of pages: 42 Posted: 10 Nov 2015 Last Revised: 13 Nov 2015
Dave Berger and Kuntara Pukthuanthong
Oregon State University and University of Missouri, Columbia
Downloads 186 (225,417)

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Financial crises; Risk; Asset-pricing

23.

On Valuing Human Capital And Relating it to Macro-Economic Conditions

Number of pages: 65 Posted: 31 Dec 2013 Last Revised: 13 Feb 2021
Dave Berger, Kuntara Pukthuanthong and Richard Roll
Oregon State University, University of Missouri, Columbia and California Institute of Technology
Downloads 185 (226,486)
Citation 2

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Human capital value, economic crisis, inflation, GDP, macroeconomics

24.

An International Look at the Lawsuit Avoidance Hypothesis of IPO Underpricing

Journal of Corporate Finance, Vol. 19, No. 13, 2013
Number of pages: 55 Posted: 23 Dec 2012
Hui Ling Lin, Kuntara Pukthuanthong and Thomas John Walker
Concordia University California, University of Missouri, Columbia and Concordia University, Quebec - Department of Finance
Downloads 183 (228,643)
Citation 1

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Initial public offerings, securities regulation, securities litigation

25.

VC Ownership Post-IPO: When, Why, and How Do VCs Exit?

Number of pages: 38 Posted: 19 Jan 2022
Anup Basnet, Kuntara Pukthuanthong, Harry J. Turtle and Thomas John Walker
University of Surrey, University of Missouri, Columbia, Colorado State University, Fort Collins - Department of Finance & Real Estate and Concordia University, Quebec - Department of Finance
Downloads 168 (245,836)

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Venture Capital, Exit Time, Exit Mechanisms, Initial Public Offerings, Mergers and Acquisitions, Share Distributions

26.

An Agnostic and Practically Useful Estimator of the Stochastic Discount Factor

Number of pages: 94 Posted: 01 Jan 2020 Last Revised: 04 Oct 2021
Kuntara Pukthuanthong, Richard Roll and Junbo L. Wang
University of Missouri, Columbia, California Institute of Technology and Louisiana State University, Baton Rouge
Downloads 167 (247,071)
Citation 1

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stochastic discount factor, pricing kernel, cross-sectional test

27.

Political Connections, Government Procurement Contracts, and the Cost of Debt

Number of pages: 64 Posted: 02 Aug 2017 Last Revised: 19 Jan 2018
Reza Houston, David A. Maslar and Kuntara Pukthuanthong
Ball State University - Miller College of Business, University of Tennessee, Knoxville - Department of Finance and University of Missouri, Columbia
Downloads 167 (247,071)
Citation 1

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government contracting, political connections, cost of debt

28.

Earnings Conference Calls and Institutional Monitoring: Evidence from Textual Analysis

Forthcoming, Journal of Financial Research
Number of pages: 53 Posted: 11 Sep 2019
Arash Amoozegar, Dave Berger, Xueli Cao and Kuntara Pukthuanthong
Government of Canada - Export Development Canada, Oregon State University, FedEx Services and University of Missouri, Columbia
Downloads 152 (267,134)

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institutional investors, conference call, textual tone, indexing

29.

Are Stock-Market Anomalies Anomalous After All?

Number of pages: 89 Posted: 19 Feb 2021 Last Revised: 21 Feb 2021
George Chalamandaris, Kuntara Pukthuanthong and Nikolas Topaloglou
Athens University of Economics and Business - Department of Accounting and Finance, University of Missouri, Columbia and Athens University of Economics and Business
Downloads 144 (278,936)

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Stochastic dominance, stochastic spanning, mean-variance spanning market anomalies.

30.

The Role of Aviation Laws and Legal Liability in Aviation Disasters: A Financial Market Perspective

International Review of Law and Economics, March 2014 Volume 37, Pages 51–65
Number of pages: 45 Posted: 04 Jul 2013 Last Revised: 13 Jun 2014
Thomas John Walker, Marcus Glenn Walker, Dolruedee Thiengtham and Kuntara Pukthuanthong
Concordia University, Quebec - Department of Finance, Fin-Consult, Concordia University, Quebec - John Molson School of Business and University of Missouri, Columbia
Downloads 142 (281,960)

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Aviation Law, Information and Market Efficiency, Event Studies

31.

U.S. Coins Market: Historical Performance and Anomalies

Number of pages: 61 Posted: 12 Dec 2019 Last Revised: 27 Jan 2020
David A. Maslar, Khaled Obaid and Kuntara Pukthuanthong
University of Tennessee, Knoxville - Department of Finance, California State University-East Bay and University of Missouri, Columbia
Downloads 141 (283,507)
Citation 1

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Alternative investments, Long-term returns, Numismatics, Coins, Anomalies, Information diffusion

32.

The Impact of Cash, Debt, and Insiders on Open Market Share Repurchases

Journal of Applied Corporate Finance, Forthcoming
Number of pages: 22 Posted: 23 Dec 2012
Liang Feng, Kuntara Pukthuanthong, Dolruedee Thiengtham, Harry J. Turtle and Thomas John Walker
Concordia University, Quebec, University of Missouri, Columbia, Concordia University, Quebec - John Molson School of Business, Colorado State University, Fort Collins - Department of Finance & Real Estate and Concordia University, Quebec - Department of Finance
Downloads 133 (296,536)

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share repurchases, insider trading, event studies

33.

Corporate Social Responsibility and M&A Uncertainty

Journal of Corporate Finance, Forthcoming
Number of pages: 49 Posted: 01 Apr 2019
Mohamed Arouri, Mathieu Gomes and Kuntara Pukthuanthong
Université Côte d'Azur, Université Clermont Auvergne and University of Missouri, Columbia
Downloads 127 (307,084)
Citation 3

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Corporate Social Responsibility (CSR), Mergers and Acquisitions (M&A), Risk Arbitrage

34.

Asset Pricing with Slope Factors: Model and Evidence of Outperformance

Number of pages: 61 Posted: 22 Jul 2022
Siddhartha Chib, Yi Chun Lin, Kuntara Pukthuanthong and Xiaming Zeng
Washington University in St. Louis - John M. Olin Business School, Washington University in St. Louis - Department of Economics, University of Missouri, Columbia and Independent
Downloads 117 (331,734)

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factor risk premia; firm level characteristics; marginal likelihood; pricing test; stochastic discount factor; risk factors; out-of-sample sharpe-ratio

35.

Asset Pricing from Daily Shopper Spending

Number of pages: 53 Posted: 22 Mar 2021 Last Revised: 08 Jul 2021
Kuntara Pukthuanthong, Jialu Shen and Ruixiang Wang
University of Missouri, Columbia, University of Missouri at Columbia - Department of Finance and Northeastern University
Downloads 116 (327,706)

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Consumption-based Asset Pricing, Consumption Dynamics, Equity Premium

36.

Does Family Ownership Create or Destroy Value: Evidence from Canada

International Journal of Managerial Finance, Vol. 9, No. 1, 2013
Number of pages: 42 Posted: 23 Dec 2012 Last Revised: 22 Mar 2015
Heng Du, Kuntara Pukthuanthong, Dolruedee Thiengtham and Thomas John Walker
Concordia University, Quebec - Department of Finance, University of Missouri, Columbia, Concordia University, Quebec - John Molson School of Business and Concordia University, Quebec - Department of Finance
Downloads 116 (327,706)

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family ownership, agency conflicts, firm performance

37.

On the Role of the Chief Risk Officer and the Risk Committee in Insuring Financial Institutions Against Litigation

Forthcoming, Managerial Finance
Number of pages: 54 Posted: 16 Jul 2016 Last Revised: 24 Jul 2016
Arash Amoozegar, Kuntara Pukthuanthong and Thomas John Walker
Government of Canada - Export Development Canada, University of Missouri, Columbia and Concordia University, Quebec - Department of Finance
Downloads 115 (329,708)
Citation 1

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Litigation, chief risk officer, corporate governance

38.

Litigation Risk and Institutional Monitoring

Journal of Corporate Finance, Forthcoming
Number of pages: 51 Posted: 21 Nov 2016 Last Revised: 27 Nov 2016
Kuntara Pukthuanthong, Harry J. Turtle, Thomas John Walker and Jun Wang
University of Missouri, Columbia, Colorado State University, Fort Collins - Department of Finance & Real Estate, Concordia University, Quebec - Department of Finance and University of Western Ontario - DAN Department of Management and Organizational Studies
Downloads 110 (340,122)
Citation 3

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Shareholder Litigation, Corporate Governance, Institutional Investors

39.

Media Tone Goes Viral: Global Evidence from the Currency Market

Number of pages: 90 Posted: 13 Apr 2020
Heikki Lehkonen, Kari Heimonen and Kuntara Pukthuanthong
University of Jyväskylä - School of Business and Economics, University of Jyväskylä and University of Missouri, Columbia
Downloads 102 (360,043)

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Media tone, Text analysis, Exchange rates, Forecasting

40.

Underwriters and the Broken Chinese Wall: Institutional Holdings and Post-IPO Securities Litigation

Journal of Financial Research, Winter 2013 Volume 36, Issue 4, pages 543–578
Number of pages: 46 Posted: 08 Aug 2013 Last Revised: 13 Jun 2014
Sergey Barabanov, Onem Ozocak, Kuntara Pukthuanthong and Thomas John Walker
University of St. Thomas, Brock University - Department of Finance, Operations and Information Systems (FOIS), University of Missouri, Columbia and Concordia University, Quebec - Department of Finance
Downloads 101 (360,043)

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Institutional Ownership, Analyst Earnings Forecasts, Securities Litigation, Initial Public Offerings

41.

Legal Opportunism, Litigation Risk, and IPO Underpricing

Journal of Business Research, Forthcoming
Number of pages: 28 Posted: 29 Jul 2014
Thomas John Walker, Harry J. Turtle, Kuntara Pukthuanthong and Dolruedee Thiengtham
Concordia University, Quebec - Department of Finance, Colorado State University, Fort Collins - Department of Finance & Real Estate, University of Missouri, Columbia and Concordia University, Quebec - John Molson School of Business
Downloads 94 (376,876)

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Initial Public Offerings; Securities Regulation; Securities Litigation

42.

The Performance of Islamic vs. Conventional Banks: Evidence on the Suitability of the Basel Capital Ratios

Forthcoming Open Economic Review
Number of pages: 35 Posted: 14 Mar 2018
Mohammad Bitar, Mohammad Bitar, M. Kabir Hassan, Kuntara Pukthuanthong and Thomas John Walker
Nottingham University Business SchoolUniversity of Nottingham, University of New Orleans - College of Business Administration - Department of Economics and Finance, University of Missouri, Columbia and Concordia University, Quebec - Department of Finance
Downloads 93 (379,425)

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Bank Capital, Basel Capital, Profitability, Efficiency

43.

Insider Trading in Rumored Takeover Targets

Forthcoming, European Financial Management
Number of pages: 49 Posted: 10 Aug 2020
Frederick James Davis, Hamed Khadivar, Kuntara Pukthuanthong and Thomas John Walker
Concordia University, John Molson School of Business, Concordia University, Canada, University of Missouri, Columbia and Concordia University, Quebec - Department of Finance
Downloads 88 (392,567)
Citation 1

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Insider trading, takeover rumors, information asymmetry, takeover announcements, mergers and acquisitions

44.

Conflict-Induced Forced CEO Turnovers and Firm Performance

Managerial Finance, Forthcoming
Number of pages: 44 Posted: 26 Mar 2018
Kuntara Pukthuanthong, Saif Ullah, Thomas John Walker and Jing Zhang
University of Missouri, Columbia, Concordia University, Concordia University, Quebec - Department of Finance and Concordia University, Quebec - John Molson School of Business
Downloads 87 (395,264)

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Strategic Direction, Strategy Formation, Forced CEO Turnovers, Firm Performance

45.

Legitimacy Signals and Family IPO Performances

Forthcoming Journal of Business Economics and Management, Forthcoming
Number of pages: 33 Posted: 23 Dec 2012
Hung-Bin Ding and Kuntara Pukthuanthong
Loyola University Maryland and University of Missouri, Columbia
Downloads 86 (398,097)

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legitimacy, signaling, family ownership, family firms, Taiwan, initial public offering

46.

Jump Risk Premia Across Major International Equity Markets

Journal of Empirical Finance, Forthcoming
Number of pages: 50 Posted: 09 Jan 2019 Last Revised: 10 Jan 2019
Mohamed El Hedi Arouri, Oussama M’saddek and Kuntara Pukthuanthong
EDHEC Business School, Université Clermont Auvergne and University of Missouri, Columbia
Downloads 73 (437,094)
Citation 1

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systematic jump risk, risk premium, leverage effect

47.

Change in Consumption Growth and the Cross-Section of Expected Returns

Number of pages: 69 Posted: 20 Apr 2020 Last Revised: 03 Aug 2020
Dat Mai and Kuntara Pukthuanthong
University of Missouri at Columbia, Department of Finance and University of Missouri, Columbia
Downloads 72 (440,370)

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ratio habit, equity premium, risk-free rate, puzzles, cross section, robust identification

48.

The Information Content of NAV Estimates

Forthcoming, Journal of Real Estate Finance and Economics
Number of pages: 50 Posted: 01 Jun 2020
Ryan Chacon, Dan W. French and Kuntara Pukthuanthong
University of Colorado, Colorado Springs, Lamar University and University of Missouri, Columbia
Downloads 62 (475,487)

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REIT, analyst, valuation, NAVs, market efficiency, information transmission

49.

Timely vs. Delayed CEO Turnover

Information Systematic Frontier 2017, 19(3), 469-479.
Number of pages: 26 Posted: 14 Sep 2017
Kuntara Pukthuanthong, Saif Ullah, Thomas John Walker and Xuan Wu
University of Missouri, Columbia, Concordia University, Concordia University, Quebec - Department of Finance and Concordia University, Quebec, John Molson School of Business, Students
Downloads 48 (533,387)

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Duality; Financial Wrongdoing; CEO Turnover; CEO Resignations

50.

Efficiency in Islamic vs. Conventional Banking: The Role of Capital and Liquidity

Number of pages: 58 Posted: 22 Jul 2019
Mohammad Bitar, Mohammad Bitar, Kuntara Pukthuanthong and Thomas John Walker
Nottingham University Business SchoolUniversity of Nottingham, University of Missouri, Columbia and Concordia University, Quebec - Department of Finance
Downloads 42 (562,224)
Citation 2

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Islamic banking, Capital, Liquidity, Efficiency, Conditional quantile regressions

51.

Cojumps and Asset Allocation in International Equity Markets

Journal of Economic Dynamics and Control, Forthcoming
Number of pages: 42 Posted: 28 Nov 2018
Mohamed Arouri, Oussama M’saddek, Duc Khuong Nguyen and Kuntara Pukthuanthong
Université Côte d'Azur, Université Clermont Auvergne, IPAG Business School and University of Missouri, Columbia
Downloads 40 (572,445)
Citation 1

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cojumps, foreign asset holdings, international diversification

52.

Has the Difference in Stock Liquidity and Stock Returns Between Chinese State Owned and Privately Owned Enterprises Become Smaller?

Finance Research Letters, Forthcoming
Number of pages: 15 Posted: 27 Mar 2018
Kuntara Pukthuanthong and Zhuo Qiao
University of Missouri, Columbia and University of Macau
Downloads 39 (577,603)

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Split-Share Structure Reform, State Owned Enterprises, Privately Owned Enterprises, Stochastic Dominance

53.

Global Market Integration: An Alternative Measure and its Application

AFA 2009 San Francisco Meetings Paper
Number of pages: 19 Posted: 21 Mar 2008 Last Revised: 01 Mar 2022
Kuntara Pukthuanthong and Richard Roll
University of Missouri, Columbia and California Institute of Technology
Downloads 36 (593,908)

Abstract:

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global, integration, market

54.

Informativeness of Mutual Fund Advertisements: Does Advertising Communicate Fund Quality to Investors?

Forthcoming, Financial Management, 2020
Number of pages: 57 Posted: 29 May 2020 Last Revised: 07 May 2021
Khaled Obaid and Kuntara Pukthuanthong
California State University-East Bay and University of Missouri, Columbia
Downloads 35 (599,565)

Abstract:

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Portfolio choice; Individual investor behavior; Mutual funds; Advertising; Signal; Signaling theory; Performance

55.

Model Free Jump Measures and Interest Rates: Common Patterns in US and UK Monetary Policy Around Major Economic Events

European Journal of Finance, Forthcoming
Number of pages: 39 Posted: 10 Nov 2015
Januj Juneja and Kuntara Pukthuanthong
San Diego State University-College of Business Administration and University of Missouri, Columbia
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Non-parametric methods, Monetary Policy, Interest

56.

An International CAPM for Partially Integrated Markets: Theory and Empirical Evidence

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An International CAPM for Partially Integrated Markets: Theory and Empirical Evidence

Number of pages: 39 Posted: 25 Jan 2011
Mohamed Arouri, Duc Khuong Nguyen and Kuntara Pukthuanthong
Université Côte d'Azur, IPAG Business School and University of Missouri, Columbia
Downloads 11 (809,447)
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International asset pricing, segmentation, emerging markets, multivariate GARCH

An International CAPM for Partially Integrated Markets: Theory and Empirical Evidence

Number of pages: 49 Posted: 21 Mar 2011 Last Revised: 05 Feb 2019
Mohamed Arouri, Duc Khuong Nguyen and Kuntara Pukthuanthong
Université Côte d'Azur, IPAG Business School and University of Missouri, Columbia
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international Asset Pricing, Segmentation, Emerging Markets, Multivariate GARCH

57.

Investor Reaction to Inter-Corporate Business Contracting: Evidence and Explanation

Economic Notes, Vol. 35, No. 3, pp. 253-291, November 2006
Number of pages: 39 Posted: 21 Mar 2007
Fayez A. Elayan, Richard Roll and Kuntara Pukthuanthong
Brock University-Goodman School of Business, California Institute of Technology and University of Missouri, Columbia
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58.

International diversification with frontier markets

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International diversification with frontier markets

Journal of Financial Economics, Forthcoming
Number of pages: 48 Posted: 20 Apr 2022
Dave Berger, Kuntara Pukthuanthong and J. Jimmy Yang
Oregon State University, University of Missouri, Columbia and Oregon State University
Downloads 5 (874,429)

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Frontier markets; International equity markets; Market Integration; International diversification

International Diversification with Frontier Markets

Journal of Financial Economics, Vol. 101, No. 1, 2011
Posted: 07 Nov 2011 Last Revised: 06 Mar 2015
Dave Berger, Kuntara Pukthuanthong and J. Jimmy Yang
Oregon State University, University of Missouri, Columbia and Oregon State University - College of Business

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Frontier markets, International equity markets, Market Integration, International diversification  

59.

Recent Developments in the Aviation Insurance Industry

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Recent Developments in the Aviation Insurance Industry

Risk Management and Insurance Review, 2009
Posted: 13 Jan 2009 Last Revised: 14 Jan 2009
Triant Flouris, Paul Hayes, Kuntara Pukthuanthong and Thomas John Walker
York College CUNY, Ascend Worldwide, University of Missouri, Columbia and Concordia University, Quebec - Department of Finance

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Aviation Disasters, Aviation Insurance, Reinsurance

60.

The Effects of Cash, Debt, and Insiders on Open Market Share Repurchases

Journal of Applied Corporate Finance, Vol. 25, Issue 1, pp. 55-63, 2013
Number of pages: 11 Posted: 05 Apr 2013
Liang Feng, Kuntara Pukthuanthong, Dolruedee Thiengtham, H. J. Turtle and Thomas John Walker
Concordia University, Quebec, University of Missouri, Columbia, Concordia University, Quebec - John Molson School of Business, affiliation not provided to SSRN and Concordia University, Quebec - Department of Finance
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61.

What Drives Variation in the International Diversification Benefits? A Cross-Country Analysis

Posted: 07 Sep 2019
Wan-Jiun Paul Chiou and Kuntara Pukthuanthong
Central Michigan University - Department of Finance and Law and University of Missouri, Columbia

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Diversification Benefits, Investment Constraints, International Portfolio

62.

A Comparison of Municipal Bond Index Weighting Schemes

Posted: 24 Mar 2015
Vineer Bhansali, Ethan Namvar, Kuntara Pukthuanthong and Shane D. Shepherd
LongTail Alpha, LLC, University of California, Berkeley - Haas School of Business, University of Missouri, Columbia and Research Affiliates, LLC

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Municipal Bonds; Municipal Bond Index; Passive Investing; Indexing

63.

Positive and Negative Synergies between the CEO's and the Corporate Board's Human and Social Capital: A study of Biotechnology Firms IPOs

Strategic Management Journal, June 2014 Volume 35, Issue 6, pages 845–868
Posted: 20 Apr 2013 Last Revised: 19 Jun 2018
Chamu Sundaramurthy, Kuntara Pukthuanthong and Yasemin Y. Kor
San Diego State University - College of Business Administration, University of Missouri, Columbia and Cambridge Judge Business School

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board of directors, corporate governance, initial public offering, human and social capital, bio-technology

64.

Insider Stock Trading and the Bond Market

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Insider Stock Trading and the Bond Market

Posted: 21 Dec 2012 Last Revised: 01 Mar 2016
Andreas Oehler, Kuntara Pukthuanthong, Thomas John Walker and Stefan Wendt
Bamberg University, University of Missouri, Columbia, Concordia University, Quebec - Department of Finance and School of Business, Reykjavik University

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Bond Pricing, Credit Risk, Insider Trading

Insider Stock Trading and the Bond Market

The Journal of Fixed Income, Winter 2016, Vol. 25, No. 3: pp. 74-91
Posted: 01 Mar 2016
Andreas Oehler, Kuntara Pukthuanthong, Thomas John Walker and Stefan Wendt
Bamberg University, University of Missouri, Columbia, Concordia University, Quebec - Department of Finance and School of Business, Reykjavik University

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Bond Pricing, Credit Risk, Insider Trading

65.

Venture Capital in Europe: Closing the Gap to the U.S.

VENTURE CAPITAL IN EUROPE, Gregoriou, G. N. Kooli, M. Kraeussl, R., eds., Elsevier, London u. a., pp. 3-17, 2007
Posted: 17 Aug 2010
Andreas Oehler, Kuntara Pukthuanthong, Marco Rummer and walker thomas
Bamberg University, University of Missouri, Columbia, University of Oxford - Said Business School and affiliation not provided to SSRN

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Venture Capita, Economic Policy, Entrepreneurship

66.

Family Firms Going Public: The Impact of Governance and Legitimacy on IPO Performances

Journal of Business Economics and Management 2013, 14(1), 156-181.
Posted: 31 Oct 2009 Last Revised: 21 Sep 2014
Hung-Bin Ding and Kuntara Pukthuanthong
Loyola University Maryland and University of Missouri, Columbia

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Family business, IPO, Taiwan, IPO signals, control premium

67.

Commonality in Liquidity: Evidence from the Stock Exchange of Thailand

Pacific-Basin Finance Journal, Forthcoming
Posted: 20 Jan 2009
Kuntara Pukthuanthong and Nuttawat Visaltanachoti
University of Missouri, Columbia and Massey University - Department of Economics and Finance

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Liquidity, Commonality, Microstructure, Thailand

68.

Idiosyncratic Volatility and Stock Returns: A Cross Country Analysis

Applied Financial Economics, Forthcoming
Posted: 20 Jan 2009
Kuntara Pukthuanthong and Nuttawat Visaltanachoti
University of Missouri, Columbia and Massey University - Department of Economics and Finance

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Idiosyncratic risk, CAPM, Stock returns

69.

Pre-IPO Insider Ownership and Underpricing: High-Tech Versus Low-Tech IPOs

Financial Decisions, 2009
Posted: 16 Jan 2009
Kuntara Pukthuanthong and Thomas John Walker
University of Missouri, Columbia and Concordia University, Quebec - Department of Finance

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Initial Public Offerings, Insider Ownership

70.

Leverage, Pre-IPO Insider Ownership, and Underpricing: High-Tech versus Low-Tech IPOs

Management Decision, Vol. 46, No. 1, March 2008
Posted: 16 Jan 2009
Jaemin Kim, Kuntara Pukthuanthong and Thomas John Walker
Fowler College of Business, University of Missouri, Columbia and Concordia University, Quebec - Department of Finance

Abstract:

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Pricing, Investments, Capital, Stock markets

71.

Underwriter Learning about Unfamiliar Firms: Evidence from the History of Biotech IPOs

Journal of Financial Markets, Vol. 9, 2006
Posted: 16 Jan 2009
Kuntara Pukthuanthong
University of Missouri, Columbia

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72.

Venture Capital in China: A Culture Shock for Western Investors

Management Decision, Vol. 45, pp. 708-731, 2007
Posted: 16 Jan 2009
Thomas John Walker and Kuntara Pukthuanthong
Concordia University, Quebec - Department of Finance and University of Missouri, Columbia

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Venture capital, Economic policy, Entrepreneurialism, China

73.

Equity and Debt Market Responses to Sovereign Credit Ratings Announcements

Global Finance Journal, Vol. 18, No. 1, 2007
Posted: 16 Jan 2009
Fayez A. Elayan, Kuntara Pukthuanthong and Lawrence C. Rose
Brock University-Goodman School of Business, University of Missouri, Columbia and Massey University

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Sovereign credit rating, Bond market reaction, Stock market reaction

74.

Random Walk Currency Futures Profits Revisited

International Journal of Managerial Finance, Vol. 3, No. 3, pp. 263-286, 2007
Posted: 16 Jan 2009
Kuntara Pukthuanthong, Lee R. Thomas III and Carlos
University of Missouri, Columbia, affiliation not provided to SSRN and San Diego State University

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Random processes, Futures markets, Currency options

75.

How Employee Stock Options and Executive Equity Ownership Affect Long-Term IPO Stock Prices and Operating Performance

Journal of Corporate Finance, Vol. 13, 2007
Posted: 16 Jan 2009
Kuntara Pukthuanthong, Richard Roll and Thomas John Walker
University of Missouri, Columbia, California Institute of Technology and Concordia University, Quebec - Department of Finance

Abstract:

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Initial public offerings, Stock options, Executive compensation

76.

Family Firm IPO Performance and Market Signals

Journal of Enterprising Culture, 2009, 17(1), 55-77.
Posted: 13 Jan 2009 Last Revised: 21 Sep 2014
Hung-Bin Ding and Kuntara Pukthuanthong
Loyola University Maryland and University of Missouri, Columbia

Abstract:

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Initial Public Offering, Family

77.

IPO Pricing, Block Sales, and Long Term Performance

Financial Review, Vol. 42, No. 3, pp. 1-30, 2007
Posted: 13 Jan 2009
Nikhil P. Varaiya and Kuntara Pukthuanthong
San Diego State University and University of Missouri, Columbia

Abstract:

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IPO, initial public offering, block sales, large trades, long-horizon performance

78.

IPO Firm Executives, Compensation, and Selling

Journal of Entrepreneurial Finance and Business Ventures, Vol. 11, No. 1, 2006
Posted: 13 Jan 2009
Jaemin Kim and Kuntara Pukthuanthong
Fowler College of Business and University of Missouri, Columbia

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Stock Option, Restricted Stock, Initial Public Offering

79.

On the Stock Market's Reaction to Major Railroad Accidents

Journal of the Transportation Research Forum, Vol. 45, No. 1, pp. 23-39, Spring 2006
Posted: 13 Jan 2009 Last Revised: 19 Mar 2009
Thomas John Walker, Kuntara Pukthuanthong and Sergey Barabanov
Concordia University, Quebec - Department of Finance, University of Missouri, Columbia and University of St. Thomas

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Railroad Accidents, Information and Market Efficiency, Event Studies

80.

Do IPOs in Countries Where Firms Have High Family Control Benefit from More Prestigious Underwriters

Multinational Business Review, Vol. 16, No. 2, Special Issue, 2009
Posted: 13 Jan 2009
Kuntara Pukthuanthong and Thomas John Walker
University of Missouri, Columbia and Concordia University, Quebec - Department of Finance

Abstract:

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Initial Public Offerings, Family

81.

Are IPO Auctions Celebrating a Comeback: U.S. Evidence

Venture Capital Journal, Vol. 9, No. 4, pp. 1-36, 2007
Posted: 13 Jan 2009
Kuntara Pukthuanthong, Nikhil P. Varaiya and Thomas John Walker
University of Missouri, Columbia, San Diego State University and Concordia University, Quebec - Department of Finance

Abstract:

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Initial public offerings, IPO auctions

82.

Weak-Form Efficiency in Currency Markets

Financial Analysts Journal, Vol. 64, No. 3, 2008
Posted: 23 Sep 2008 Last Revised: 07 Nov 2011
Kuntara Pukthuanthong, Lee R. Thomas III and CFA Institute
University of Missouri, Columbia, affiliation not provided to SSRN and CFA Institute

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Alternative Investments: Other, Hedge Fund Strategies, Portfolio Management: Hedge Fund Strategies, Derivative Instruments: Currency Derivatives

83.

Investors Like Firms that Expense Employee Stock Options and They Dislike Firms that Fail to Expense

Journal of Investment Management, Vol. 3, No. 1, First Quarter 2005
Posted: 01 Apr 2005
Fayez A. Elayan, Kuntara Pukthuanthong and Richard Roll
Brock University-Goodman School of Business, University of Missouri, Columbia and California Institute of Technology

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Employee stock options, expense recognition, transparency

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1.

Is the Diversification Benefit of Frontier Markets Realizable by Mean-Variance Investors? The Evidence of Investable Funds

Journal of Portfolio Management, Vol. 39, No. (4), 36-48, 2013
Posted: 09 Jun 2014 Last Revised: 06 Mar 2015
Dave Berger, Kuntara Pukthuanthong and J. Jimmy Yang
Oregon State University, University of Missouri, Columbia and Oregon State University - College of Business

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Frontier markets, International diversification, Mutual funds, ETFs