Devin M. Shanthikumar

University of California, Irvine - Paul Merage School of Business

Paul Merage School of Business

SB2 428

Irvine, CA 92697-3125

United States

SCHOLARLY PAPERS

26

DOWNLOADS
Rank 7,059

SSRN RANKINGS

Top 7,059

in Total Papers Downloads

12,872

TOTAL CITATIONS
Rank 4,466

SSRN RANKINGS

Top 4,466

in Total Papers Citations

226

Scholarly Papers (26)

1.

Do Buy-Side Analysts Out-Perform the Sell-Side?

Number of pages: 65 Posted: 30 Sep 2005
Harvard Business School, Harvard Business School, Northwestern University - Kellogg School of Management, University of California, Irvine - Paul Merage School of Business and University of North Carolina (UNC) at Chapel Hill - Accounting Area
Downloads 2,123 (15,698)
Citation 19

Abstract:

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buy-side analysts, sell-side analysts, analyst forecasts, stock recommendations, forecast optimism, forecast accuracy, recommendation optimism, recommendation performance

Bringing Innovation to Fruition: Insights from New Trademarks

Number of pages: 82 Posted: 28 Mar 2015 Last Revised: 23 Oct 2022
Lucile Faurel, Qin Li, Devin M. Shanthikumar and Siew Hong Teoh
Arizona State University (ASU) - School of Accountancy, University of California, Irvine - Paul Merage School of Business, University of California, Irvine - Paul Merage School of Business and UCLA Anderson School of Management
Downloads 930 (52,715)
Citation 3

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Product Development, Trademarks, Innovation, Sales, Productivity, Stock Options, Vega, Incentives

Bringing Innovation to Fruition: Insights from New Trademarks

Journal of Financial and Quantitative Analysis, Forthcoming
Number of pages: 82 Posted: 23 Sep 2022 Last Revised: 08 Mar 2023
Lucile Faurel, Qin Li, Devin M. Shanthikumar and Siew Hong Teoh
Arizona State University (ASU) - School of Accountancy, Hong Kong Polytechnic University, University of California, Irvine - Paul Merage School of Business and UCLA Anderson School of Management
Downloads 164 (379,218)

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Product Development, Trademarks, Innovation, Sales, Productivity, Stock Options, Vega, Incentives

3.

Small and Large Trades Around Earnings Announcements: Does Trading Behavior Explain Post-Earnings-Announcement Drift?

Number of pages: 39 Posted: 15 Oct 2003
Devin M. Shanthikumar
University of California, Irvine - Paul Merage School of Business
Downloads 872 (58,506)
Citation 24

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4.

Do Retail Investors Use SEC Filings? Evidence from EDGAR Search

Number of pages: 62 Posted: 08 Nov 2018
Sabrina Chi and Devin M. Shanthikumar
CSU Fullerton and University of California, Irvine - Paul Merage School of Business
Downloads 839 (61,740)
Citation 1

Abstract:

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retail investors, investor sophistication, investor attention,Google search, EDGAR

After a Restatement: Long-Run Market and Investor Response

Number of pages: 60 Posted: 17 Mar 2008 Last Revised: 10 Jan 2009
Laura Frieder and Devin M. Shanthikumar
Purdue University - Krannert School of Management and University of California, Irvine - Paul Merage School of Business
Downloads 474 (125,877)
Citation 4

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restatement, financial accounting, information risk, long-run returns, institutional investing, transient institutions, dedicated institutions, quasi-indexer institutions

After a Restatement: Long-Run Market and Investor Response

Number of pages: 60 Posted: 11 Sep 2008
Laura Frieder and Devin M. Shanthikumar
Purdue University - Krannert School of Management and University of California, Irvine - Paul Merage School of Business
Downloads 309 (204,611)
Citation 6

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6.

Effects of the 2021 Expanded Child Tax Credit

Management Science, Accepted
Number of pages: 58 Posted: 03 Mar 2022 Last Revised: 08 Nov 2024
University of California, Irvine, University of California, Irvine - Paul Merage School of Business, University of California-IrvineUniversity of California-Irvine and University of California, Irvine - Paul Merage School of Business
Downloads 666 (83,375)
Citation 10

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child tax credit, household finance, consumption, tax policy, individual tax, liquidity

7.

Small Trader Reactions to Consecutive Earnings Surprises: A Market Test of Behavioral Theory*

Number of pages: 40 Posted: 02 Oct 2005
Devin M. Shanthikumar
University of California, Irvine - Paul Merage School of Business
Downloads 657 (84,879)
Citation 13

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8.

Private Firm Investment and Public Peer Misvaluation

14. “Private Firm Investment and Public Peer Valuation and Sentiment”, 2020, Forthcoming The Accounting Review (with Devin Shanthikumar and Siew Hong Teoh)
Number of pages: 65 Posted: 14 Nov 2015 Last Revised: 10 Jun 2020
Brad A. Badertscher, Devin M. Shanthikumar and Siew Hong Teoh
University of Notre Dame, University of California, Irvine - Paul Merage School of Business and UCLA Anderson School of Management
Downloads 583 (98,856)
Citation 13

Abstract:

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private firms, investment, misvaluation, overvaluation, catering pressure, debt issuance, equity issuance, agency costs

9.

The Stock Selection and Performance of Buy-Side Analysts

Management Science, 59 (5): 1062-1075
Number of pages: 36 Posted: 18 Jul 2010 Last Revised: 03 Feb 2014
Boris Groysberg, Paul M. Healy, George Serafeim and Devin M. Shanthikumar
Harvard Business School, Harvard Business School, Harvard Business School and University of California, Irvine - Paul Merage School of Business
Downloads 490 (122,450)
Citation 2

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Buy-Side Analysts, Sell-Side Analysts, Stock Recommendations, Recommendation Optimism, Recommendation Performance

10.

The Geographic Dispersion of Google Search and the Market Reaction to Earnings Announcements

Number of pages: 56 Posted: 13 Sep 2013 Last Revised: 20 Dec 2014
Sabrina Chi and Devin M. Shanthikumar
CSU Fullerton and University of California, Irvine - Paul Merage School of Business
Downloads 487 (123,407)
Citation 5

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geography, Google, investor attention, information asymmetry, earnings response coefficient, post-earnings-announcement drift, investor psychology, network effects, local bias

11.

Guide to Downloading Brokerage Trading Volume Data from Bloomberg

Number of pages: 11 Posted: 24 Oct 2022
Ben Lourie, Devin M. Shanthikumar and Il Sun Yoo
University of California, Irvine, University of California, Irvine - Paul Merage School of Business and University of Hawaii at Manoa - Shidler College of Business
Downloads 485 (124,028)

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Brokers; Brokerage trading volume; Commissions; Analysts; Bloomberg

12.

Are Small Investors Naive About Incentives?

Journal of Financial Economics, Forthcoming
Number of pages: 51 Posted: 27 Mar 2007
Ulrike Malmendier and Devin M. Shanthikumar
University of California, Berkeley - Department of Economics and University of California, Irvine - Paul Merage School of Business
Downloads 452 (134,965)
Citation 20

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Stock recommendations, Trade reaction, Individual and institutional investors, Conflicts of interest, Behavioral finance

13.

Broker Trading Volume and Analysts’ Earnings Forecasts: A Conflict of Interest?*

Number of pages: 58 Posted: 23 May 2019 Last Revised: 20 Nov 2020
Tiana Lehmer, Ben Lourie and Devin M. Shanthikumar
affiliation not provided to SSRN, University of California, Irvine and University of California, Irvine - Paul Merage School of Business
Downloads 363 (173,288)
Citation 2

Abstract:

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Sell-side analysts, brokerage houses, trading volume, commissions, conflicts of interest, incentives, earnings forecasts

14.

Media Coverage of Employment Discrimination

Number of pages: 58 Posted: 30 Nov 2023 Last Revised: 17 Jan 2025
Aneesh Raghunandan, Devin M. Shanthikumar and Elizabeth Tori
Yale School of Management, University of California, Irvine - Paul Merage School of Business and Oklahoma State University
Downloads 353 (178,692)

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discrimination, Violation Tracker, EEOC, ESG, workplace misconduct, media coverage

15.

Geographic Location, Media Coverage and Investor Reactions

Number of pages: 56 Posted: 11 Sep 2008 Last Revised: 17 Dec 2015
Gregory S. Miller and Devin M. Shanthikumar
University of Michigan, Stephen M. Ross School of Business and University of California, Irvine - Paul Merage School of Business
Downloads 351 (179,793)
Citation 1

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16.

Does Interaction on Social Media Increase or Moderate Extremeness?

Number of pages: 69 Posted: 08 Jul 2021 Last Revised: 07 Sep 2021
Devin M. Shanthikumar, Annie Qiao Wang and Shijia Wu
University of California, Irvine - Paul Merage School of Business, University of California, Irvine - Accounting Area and The Chinese University of Hong Kong, Shenzhen - School of Management and Economics
Downloads 331 (191,637)

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social media, financial intermediaries, extremeness, sentiment, interaction, social finance

17.

Consecutive Earnings Surprises: Small and Large Trader Reactions

Accounting Review, Forthcoming
Number of pages: 41 Posted: 14 May 2012
Devin M. Shanthikumar
University of California, Irvine - Paul Merage School of Business
Downloads 316 (201,259)
Citation 8

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earnings string, earnings pattern, earnings momentum, trade imbalance, small and large trade

18.

MiFID II and the Unbundling of Analyst Research from Trading Execution

Number of pages: 50 Posted: 19 Oct 2020 Last Revised: 18 Oct 2022
Ben Lourie, Devin M. Shanthikumar and Il Sun Yoo
University of California, Irvine, University of California, Irvine - Paul Merage School of Business and University of Hawaii at Manoa - Shidler College of Business
Downloads 312 (204,050)

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MiFID II, Regulation, Sell-Side Analysts, Brokerage Houses, Trading Volume, Commissions, Conflicts of Interest, Incentives, Earnings Forecasts

19.

Local Bias in Google Search and the Market Response Around Earnings Announcements

The Accounting Review, Vol. 92, No. 4, July 2017
Number of pages: 58 Posted: 10 Dec 2018
Sabrina Chi and Devin M. Shanthikumar
CSU Fullerton and University of California, Irvine - Paul Merage School of Business
Downloads 312 (204,050)
Citation 26

Abstract:

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geography, local bias, Google, investor attention, information asymmetry, earnings response coefficient, post-earnings-announcement drift, investor psychology

20.

Artificial Intelligence and Analyst Productivity

Number of pages: 62 Posted: 23 Jan 2025
Devin M. Shanthikumar and Il Sun Yoo
University of California, Irvine - Paul Merage School of Business and University of Hawaii at Manoa - Shidler College of Business
Downloads 284 (227,898)

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artificial intelligence, AI, machine learning, sell-side analysts, earnings forecasts, productivity, analyst coverage

21.

Race, Gender, and Investor Evaluations of Firms and CEOs

Number of pages: 52 Posted: 07 Jun 2022
Jing Liu, Radhika Lunawat and Devin M. Shanthikumar
Chapman University, University of California, Irvine - Accounting Area and University of California, Irvine - Paul Merage School of Business
Downloads 248 (258,567)

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race, gender, investor judgement, CEO characteristics, implicit bias, in-group bias

22.

Do Security Analysts Speak in Two Tongues?

NBER Working Paper No. w13124
Number of pages: 65 Posted: 27 Jun 2007 Last Revised: 12 Nov 2022
Ulrike Malmendier and Devin M. Shanthikumar
University of California, Berkeley - Department of Economics and University of California, Irvine - Paul Merage School of Business
Downloads 228 (280,531)
Citation 68

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23.

Are Investors Naive About Incentives?

NBER Working Paper No. w10812
Number of pages: 62 Posted: 18 Oct 2004 Last Revised: 18 Jul 2022
Ulrike Malmendier and Devin M. Shanthikumar
University of California, Berkeley - Department of Economics and University of California, Irvine - Paul Merage School of Business
Downloads 122 (481,943)
Citation 1

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24.

Mortgage Lenders' Diversity Policies and Mortgage Lending to Minorities

Number of pages: 79 Posted: 17 Oct 2024 Last Revised: 15 Jan 2025
Ivy Ruyun Feng, Devin M. Shanthikumar and Dayin Zhang
University of Wisconsin Madison-Wisconsin School of Business, University of California, Irvine - Paul Merage School of Business and University of Wisconsin-Madison
Downloads 121 (491,175)

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Mortgage lending, Race, Disparity, Diversity, Equity, Inclusion, DEI, Diversity Policy

25.

Effects of the 2021 Expanded Child Tax Credit

Management Science, Accepted
Posted: 18 Dec 2024
University of California, Irvine, University of California-IrvineUniversity of California-Irvine, University of California, Irvine - Paul Merage School of Business and University of California, Irvine - Paul Merage School of Business

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child tax credit, tax policy, individual tax, household finance, consumption, liquidity

26.

Compass Box Whisky Company

Harvard Business School Accounting & Management Unit HBS Case No. 108-032
Posted: 10 Oct 2009
Romana L. Autrey and Devin M. Shanthikumar
Willamette University - Atkinson Graduate School of Management and University of California, Irvine - Paul Merage School of Business

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