Pankaj K. Jain

University of Memphis - Fogelman College of Business and Economics

Memphis, TN 38152

United States

SCHOLARLY PAPERS

46

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19,412

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Top 4,985

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58

CROSSREF CITATIONS

217

Scholarly Papers (46)

The Sarbanes-Oxley Act of 2002 and Security Market Behavior: Early Evidence

Number of pages: 56 Posted: 22 Mar 2004
Zabihollah Rezaee and Pankaj K. Jain
University of Memphis - School of Accountancy and University of Memphis - Fogelman College of Business and Economics
Downloads 2,917 (5,245)
Citation 3

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Financial scandals, the Sarbanes-Oxley Act of 2002, market reactions, corporate governance

The Sarbanes-Oxley Act of 2002 and Security Market Behavior: Early Evidence

Contemporary Accounting Research, Vol. 23, No. 3, Fall 2006
Posted: 26 May 2006
Zabihollah Rezaee and Pankaj K. Jain
University of Memphis - School of Accountancy and University of Memphis - Fogelman College of Business and Economics

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Financial scandals, the Sarbanes-Oxley Act of 2002, market reactions, corporate governance

2.

The Sarbanes-Oxley Act of 2002 and Accounting Conservatism

Number of pages: 32 Posted: 03 Jun 2004
Zabihollah Rezaee and Pankaj K. Jain
University of Memphis - School of Accountancy and University of Memphis - Fogelman College of Business and Economics
Downloads 2,225 (8,283)
Citation 4

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The Sarbanes-Oxley Act, Accounting Conservatism, Financial Reports, Corporate Governance, Audit Functions

3.

Institutional Design and Liquidity at Stock Exchanges Around the World

Number of pages: 47 Posted: 13 Dec 2005
Pankaj K. Jain
University of Memphis - Fogelman College of Business and Economics
Downloads 1,994 (9,910)
Citation 60

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financial market design, stock exchange, liquidity, bid-ask spread

4.

Trends and Determinants of Market Liquidity in the Pre- and Post-Sarbanes-Oxley Act Periods

14th Annual Conference on Financial Economics and Accounting (FEA)
Number of pages: 39 Posted: 20 Jan 2004
Jang-Chul Kim, Pankaj K. Jain and Zabihollah Rezaee
Northern Kentucky University - Haile/US Bank College of Business, University of Memphis - Fogelman College of Business and Economics and University of Memphis - School of Accountancy
Downloads 1,850 (11,192)
Citation 3

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Sarbanes-Oxley Act, market liquidity, bid-ask spreads, corporate governance, financial reporting

5.

The Predictive Power of Limit Order Book for Future Volatility, Trade Price, and Speed of Trading

Number of pages: 47 Posted: 22 Mar 2011
Pankaj K. Jain, Pawan Jain and Thomas H. McInish
University of Memphis - Fogelman College of Business and Economics, University of Wyoming - College of Business - Department of Economics and Finance and University of Memphis - Fogelman College of Business and Economics
Downloads 832 (36,832)
Citation 1

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Tokyo Stock Exchange, Future trade prices, volatility, trading speed

6.

Order Dynamics: Recent Evidence from the NYSE

Journal of Empirical Finance, Vol. 14, No. 636-661, 2007
Number of pages: 40 Posted: 07 Aug 2003 Last Revised: 02 Sep 2017
Indiana University - Kelley School of Business - Department of Finance, University of Memphis - Fogelman College of Business and Economics, Indiana University - Kelley School of Business - Department of Finance and Indiana University - Kelley School of Business - Department of Finance
Downloads 727 (44,328)
Citation 16

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Order choice, limit order, market order, automatic execution

7.

Financial Market Design and Equity Premium: Electronic Versus Floor Trading

Number of pages: 42 Posted: 29 Nov 2003
Pankaj K. Jain
University of Memphis - Fogelman College of Business and Economics
Downloads 704 (46,275)
Citation 2

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stock exchanges, computerized trading

The Income Tax Structure's Impact on Growth, Valuation, and Global Investments: A Three Stakeholder Perspective

Number of pages: 47 Posted: 17 Mar 2006 Last Revised: 19 Oct 2014
Ronald W. Spahr, Pankaj K. Jain and Fariz Huseynov
University of Memphis - Finance, University of Memphis - Fogelman College of Business and Economics and North Dakota State University - College of Business
Downloads 282 (136,270)

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Tax, capital structure, government, stakeholder, growth

Government as the Firm's Third Financial Stakeholder: Impact on Capital Structure Discount Rates and Valuation

Number of pages: 43 Posted: 02 Apr 2009 Last Revised: 06 Dec 2010
Ronald W. Spahr, Pankaj K. Jain and Fariz Huseynov
University of Memphis - Finance, University of Memphis - Fogelman College of Business and Economics and North Dakota State University - College of Business
Downloads 212 (180,900)
Citation 2

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Tax, capital structure, government, stakeholder, growth

The Income Tax Structure's Impact on Growth, Valuation, and Global Investments: A Three Stakeholder Perspective

Number of pages: 46 Posted: 25 Mar 2008
Ronald W. Spahr, Pankaj K. Jain and Fariz Huseynov
University of Memphis - Finance, University of Memphis - Fogelman College of Business and Economics and North Dakota State University - College of Business
Downloads 188 (202,076)

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Taxation, capital structure, government, stakeholder, growth

9.

Trading Technology and Stock Market Liquidity: A Global Perspective

Number of pages: 20 Posted: 18 Dec 2006 Last Revised: 09 Aug 2015
William F. Johnson and Pankaj K. Jain
University of Memphis - Finance and University of Memphis - Fogelman College of Business and Economics
Downloads 649 (51,514)

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10.

Does High-Frequency Trading Increase Systemic Risk?

Journal of Financial Markets, 2016
Number of pages: 44 Posted: 31 Jul 2016
Pankaj K. Jain, Pawan Jain and Thomas H. McInish
University of Memphis - Fogelman College of Business and Economics, University of Wyoming - College of Business - Department of Economics and Finance and University of Memphis - Fogelman College of Business and Economics
Downloads 591 (58,074)
Citation 3

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High-frequency trading, Liquidity, Correlation, Systemic Risk, Arrowhead, CoVaR

11.

Clean Sweep: Informed Trading Through Intermarket Sweep Orders

Number of pages: 39 Posted: 25 Aug 2009 Last Revised: 03 Dec 2010
affiliation not provided to SSRN, University of Memphis - Fogelman College of Business and Economics, University of Memphis - Fogelman College of Business and Economics and University of Texas at El Paso
Downloads 591 (58,074)
Citation 27

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Regulation NMS, Market Quality, Sweep Order, Flash orders

12.

Unfiltered Market Access and Liquidity: Evidence from the SEC Rule 15c3-5

Management Science, Forthcoming
Number of pages: 38 Posted: 21 Sep 2013 Last Revised: 31 Jul 2019
Saint Louis University - Richard A. Chaifetz School of Business, University of Memphis - Fogelman College of Business and Economics, Wilfrid Laurier University - Lazaridis School of Business and Economics and University of Memphis - Fogelman College of Business and Economics
Downloads 502 (71,284)
Citation 5

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Liquidity; Unfiltered Market Access; Picking Off Risk; Latency-Sensitive Trading

Investor Recognition, Liquidity and Exchange Listings in the Reformed Markets

Number of pages: 33 Posted: 02 Mar 2004
Pankaj K. Jain and Jang-Chul Kim
University of Memphis - Fogelman College of Business and Economics and Northern Kentucky University - Haile/US Bank College of Business
Downloads 409 (90,148)

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NYSE. switch exchange listing, liquidity, decimalization

Investor Recognition, Liquidity, and Exchange Listings in the Reformed Markets

Financial Management, Vol. 35, No. 2, Summer 2006
Number of pages: 22 Posted: 17 Sep 2006
Jang-Chul Kim and Pankaj K. Jain
Northern Kentucky University - Haile/US Bank College of Business and University of Memphis - Fogelman College of Business and Economics
Downloads 10 (746,343)
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14.

Do Tracking Stocks Reduce Informational Asymmetries? An Analysis of Liquidity and Adverse Selection

Journal of Financial Research, Vol. 28, No. 2, 2005
Number of pages: 25 Posted: 29 Feb 2004 Last Revised: 16 Nov 2008
John Elder, Pankaj K. Jain and Jang-Chul Kim
Colorado State University, University of Memphis - Fogelman College of Business and Economics and Northern Kentucky University - Haile/US Bank College of Business
Downloads 395 (94,609)

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Tracking stock, bid-ask spreads, restructuring

15.

Corruption’s Impact on Liquidity, Investment Flows, and Cost of Capital

Number of pages: 44 Posted: 18 Mar 2011 Last Revised: 20 Feb 2014
Pankaj K. Jain, Emre Kuvvet and Michael S. Pagano
University of Memphis - Fogelman College of Business and Economics, Nova Southeastern University and Villanova University - Villanova School of Business
Downloads 386 (97,251)
Citation 2

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Liquidity, Execution Risk, Equity Held by Foreigners, Corruption, Informational Asymmetry, Government Involvement, Institutional Trading Costs, Global Trading

16.

Institutional Trading Frictions

Number of pages: 48 Posted: 20 Oct 2008 Last Revised: 12 Nov 2013
Chiraphol N. Chiyachantana and Pankaj K. Jain
Singapore Management University and University of Memphis - Fogelman College of Business and Economics
Downloads 360 (105,214)
Citation 8

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Institutional trading, implementation shortfall, adverse selection, clean-up costs, price impact, transaction costs

17.

Is the Quote Midpoint the Right Point? Empirical Evidence of the Asymmetry of the Effective Spread

Number of pages: 25 Posted: 16 Mar 2006
Pankaj K. Jain, Robert H. Jennings and James E Upson
University of Memphis - Fogelman College of Business and Economics, Indiana University - Kelley School of Business - Department of Finance and University of Memphis - Fogelman College of Business and Economics
Downloads 360 (105,214)

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Effective Spreads, Market Microstructure, TORQ, SOD, midpoint

18.

International Evidence on Institutional Trading Behavior and Price Impact

Number of pages: 48 Posted: 13 Jun 2007 Last Revised: 12 Nov 2013
Singapore Management University, University of Memphis - Fogelman College of Business and Economics, Fudan University and University of Memphis - Fogelman College of Business and Economics
Downloads 329 (116,272)
Citation 8

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International Investment, institutional trading,underlying market condition, price impact asymmetry

19.

Evolution of Volatility, Trade Price Location, Correlations, and Speed of Trading in the Limit Order Book

Midwest Finance Association 2012 Annual Meetings Paper
Number of pages: 53 Posted: 22 Aug 2011 Last Revised: 20 Feb 2012
Pankaj K. Jain, Pawan Jain and Thomas H. McInish
University of Memphis - Fogelman College of Business and Economics, University of Wyoming - College of Business - Department of Economics and Finance and University of Memphis - Fogelman College of Business and Economics
Downloads 281 (137,414)

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Limit order book, Liquidity, Volatility

20.

Effects of a Speed Bump on Market Quality and Exchange Competition

Number of pages: 64 Posted: 08 Nov 2018 Last Revised: 26 Oct 2020
Saint Louis University - Richard A. Chaifetz School of Business, University of Memphis - Fogelman College of Business and EconomicsSaint Francis Xavier University and University of Memphis - Fogelman College of Business and Economics
Downloads 222 (173,504)
Citation 1

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Speed bump; High-speed trading; Stock-exchange performance; Multi market trading; Market quality

21.

Speed of Learning About Firms' Profitability and Their Price Multiples: A Global Perspective

EFA 2008 Athens Meetings Paper
Number of pages: 41 Posted: 07 Mar 2008 Last Revised: 14 Nov 2015
Pankaj K. Jain and Udomsak Wongchoti
University of Memphis - Fogelman College of Business and Economics and Massey University - School of Economics and Finance
Downloads 214 (179,601)

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learning, profitability, firm valuation

22.

Dynamics of Market Liquidity and Funding Liquidity during Financial Crisis, Its Resolution, and the Volcker Rule

Midwest Finance Association 2012 Annual Meetings Paper
Number of pages: 47 Posted: 16 Mar 2011 Last Revised: 22 Sep 2013
Xiankui Hu, Chinmay Jain and Pankaj K. Jain
Arkansas State University - College of Business, University of Ontario Institute of Technology and University of Memphis - Fogelman College of Business and Economics
Downloads 213 (180,361)

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Financial crisis, SCAP bank stress tests, Volcker rule

23.

Trading Aggressiveness and Market Breadth Around Earnings Announcements

Number of pages: 42 Posted: 21 Jan 2011 Last Revised: 10 Sep 2011
University of Texas at El Paso, affiliation not provided to SSRN, University of Memphis - Fogelman College of Business and Economics and University of Memphis - Fogelman College of Business and Economics
Downloads 202 (189,477)

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Regulation NMS, Market Quality, Sweep Order, Earnings Announcement, Liquidity

24.

A Comparative Analysis of Short Selling Restrictions

Midwest Finance Association 2012 Annual Meetings Paper
Number of pages: 39 Posted: 16 Sep 2011 Last Revised: 24 Aug 2012
Chinmay Jain, Pankaj K. Jain and Thomas H. McInish
University of Ontario Institute of Technology, University of Memphis - Fogelman College of Business and Economics and University of Memphis - Fogelman College of Business and Economics
Downloads 188 (202,161)

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Short selling, tick restrictions

25.

Volatility Effects of Institutional Trading in Foreign Stocks

Number of pages: 34 Posted: 04 May 2009 Last Revised: 12 Nov 2013
Singapore Management University, University of Memphis - Fogelman College of Business and Economics, Fudan University and University of Memphis - Fogelman College of Business and Economics
Downloads 162 (229,731)
Citation 1

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price impact, institutional trading, international stock, foreign investment, volatility

26.

Opportunistic stock splits

Number of pages: 52 Posted: 28 Jun 2016 Last Revised: 29 Jun 2020
Ahmed Elnahas, Pankaj K. Jain and Thomas H. McInish
University of Texas - Pan American - College of Business Administration - Department of Economics & Finance, University of Memphis - Fogelman College of Business and Economics and University of Memphis - Fogelman College of Business and Economics
Downloads 134 (267,910)

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27.

Everything Old is New Again

Regulation, Vol. 34, No. 2, 2011
Number of pages: 5 Posted: 11 Jul 2011 Last Revised: 27 Jul 2011
Chinmay Jain, Pankaj K. Jain and Thomas H. McInish
University of Ontario Institute of Technology, University of Memphis - Fogelman College of Business and Economics and University of Memphis - Fogelman College of Business and Economics
Downloads 133 (269,429)
Citation 1

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28.

Effects of a Speed Bump on Market Quality and Exchange Competition

Number of pages: 64 Posted: 19 Jun 2018 Last Revised: 26 Oct 2020
Saint Louis University - Richard A. Chaifetz School of Business, University of Memphis - Fogelman College of Business and EconomicsSaint Francis Xavier University and University of Memphis - Fogelman College of Business and Economics
Downloads 128 (277,254)
Citation 1

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Speed bump; High-speed trading; Stock-exchange performance; Multi market trading; Market quality

29.

Regulations, Bailouts and Bank Shareholders’ Wealth: An International Analysis

Number of pages: 41 Posted: 27 Sep 2011
Mahmud Hossain and Pankaj K. Jain
University of Memphis - Fogelman College of Business and Economics and University of Memphis - Fogelman College of Business and Economics
Downloads 126 (280,552)

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Financial Crisis, Bank Regulations, Global, Bailout

30.

Trading Volume Shares and Market Quality: Pre- and Post-Zero Commissions

Number of pages: 62 Posted: 28 Jan 2021 Last Revised: 15 Oct 2021
Pankaj K. Jain, Suchi Mishra, Shawn O'Donoghue and Le Zhao
University of Memphis - Fogelman College of Business and Economics, Florida International University (FIU) - Department of Finance, Independent and Florida International University (FIU) - Department of Finance
Downloads 121 (289,125)

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Zero Commission, Microstructure, Brokerage Competition, Retail Trading, Free stock trading

31.

Cross-Asset Market Order Flow, Liquidity, and Price Discovery

OFR WP 19-04
Number of pages: 57 Posted: 24 Oct 2019
Robert Garrison, Pankaj K. Jain and Mark E. Paddrik
Government of the United States of America - Office of Financial Research, University of Memphis - Fogelman College of Business and Economics and Government of the United States of America - Office of Financial Research
Downloads 119 (292,574)

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cross-market arbitrage, order flow, liquidity, market structure, automated markets

32.

Short Selling Bans and Limits to Regulatory Arbitrage in a Multi-Market Setting

Number of pages: 51 Posted: 17 Feb 2021 Last Revised: 10 Mar 2021
Yu Hu, Pankaj K. Jain, Suchi Mishra and Robinson Reyes-Peña
Florida International University, Department of Finance, University of Memphis - Fogelman College of Business and Economics, Florida International University (FIU) - Department of Finance and Florida International University
Downloads 116 (297,779)

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Market efficiency, post-earnings-announcement drift, short selling, ADRs, regulatory reach, regulatory arbitrage

33.

Does Insider Trading Law Enhance the Speed of Reduction in Analyst Forecast Errors?

Number of pages: 47 Posted: 17 Aug 2013 Last Revised: 22 Feb 2021
Pankaj K. Jain, Evgeny Radetskiy and Udomsak Wongchoti
University of Memphis - Fogelman College of Business and Economics, La Salle University and Massey University - School of Economics and Finance
Downloads 106 (317,175)

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Law Enforcement, Analyst Errors, Learning, Information Asymmetry

34.

Commonality in Liquidity and Multilateral Trading Facilities

The Financial Review
Number of pages: 42 Posted: 02 Feb 2016 Last Revised: 05 May 2020
Pankaj K. Jain, Mohamed A. Mekhaimer and Sandra Mortal
University of Memphis - Fogelman College of Business and Economics, St. John Fisher College and University of Alabama - Culverhouse College of Commerce & Business Administration
Downloads 84 (367,829)

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commonality in liquidity, multilateral trading facilities, market fragmentation, Turquoise, NYSE Arca Europe

35.

Informed Trading by Hedge Funds

Number of pages: 38 Posted: 18 Aug 2017 Last Revised: 02 May 2019
Qiping Huang and Pankaj K. Jain
Boise State University - College of Business & Economics and University of Memphis - Fogelman College of Business and Economics
Downloads 81 (375,917)

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Hedge Funds, Informed Trading, Stock Mispricing

36.

Textual Ambiguity in Financial Disclosures and Information Asymmetry among Investors

Number of pages: 44 Posted: 27 Feb 2021 Last Revised: 26 Jul 2021
Jeff Black, Rasheek Irtisam and Pankaj K. Jain
University of Memphis, University of Memphis - Fogelman College of Business and Economics and University of Memphis - Fogelman College of Business and Economics
Downloads 75 (392,889)

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Textual Analysis, Textual Ambiguity, Information Asymmetry

37.

Exploring the Manipulation Toolkit: The Failure of Doral Financial Corporation

Applied Economics, Forthcoming
Number of pages: 34 Posted: 28 Jun 2016 Last Revised: 24 Apr 2017
Ahmed Elnahas, Pankaj K. Jain and Thomas H. McInish
University of Texas - Pan American - College of Business Administration - Department of Economics & Finance, University of Memphis - Fogelman College of Business and Economics and University of Memphis - Fogelman College of Business and Economics
Downloads 68 (414,369)

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Earnings Management, Fraud, Restatement, Bankruptcy

38.

The Role of Fleeting Orders on Options Expiration

Number of pages: 51 Posted: 19 Mar 2021
Antonio Figueiredo, Pankaj K. Jain and Suchi Mishra
Nova Southeastern University, University of Memphis - Fogelman College of Business and Economics and Florida International University (FIU) - Department of Finance
Downloads 57 (452,704)

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Option expiration; manipulation; order dynamics; microstructure

39.

Permanent Price Impact Asymmetry of Trades with Institutional Constraints

Number of pages: 45 Posted: 26 Jul 2017
Singapore Management University, University of Memphis - Fogelman College of Business and Economics, Fudan University and University of Memphis - Finance
Downloads 37 (538,972)
Citation 1

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Permanent Price Impact Asymmetry, Institutional Investors, Information Asymmetry

40.

Causes and Effects of Worldwide Demutualization of Financial Exchanges

Number of pages: 43 Posted: 16 Jul 2021 Last Revised: 23 Jul 2021
Chinmay Jain, Pankaj K. Jain and David A. Taylor
University of Ontario Institute of Technology, University of Memphis - Fogelman College of Business and Economics and University of Memphis - Finance
Downloads 28 (588,992)

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Demutualization, Exchanges, Panel data model, Survival analysis

41.

Short Selling: The Impact of Sec Rule 201 of 2010

Financial Review, Vol. 47, Issue 1, pp. 37-64, 2012
Posted: 05 Jan 2012
Chinmay Jain, Pankaj K. Jain and Thomas H. McInish
University of Ontario Institute of Technology, University of Memphis - Fogelman College of Business and Economics and University of Memphis - Fogelman College of Business and Economics
Downloads 3 (773,045)
Citation 6
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intraday short selling, short selling return dynamics

42.

The Sarbanes-Oxley Act of 2002 and Market Liquidity

Financial Review, Vol. 43, Issue 3, pp. 361-382, August 2008
Number of pages: 22 Posted: 14 Jul 2008
Pankaj K. Jain, Jang-Chul Kim and Zabihollah Rezaee
University of Memphis - Fogelman College of Business and Economics, Northern Kentucky University - Haile/US Bank College of Business and University of Memphis - School of Accountancy
Downloads 1 (793,692)
Citation 2
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43.

Investor Protection and Cash Holdings: Evidence from U.S. Cross-Listing

Journal of Banking and Finance, Vol. 37, pp. 937-951, 2013
Posted: 15 Mar 2012 Last Revised: 01 Jan 2014
Ying Huang, Susan Elkinawy and Pankaj K. Jain
University of South Alabama, Loyola Marymount University - Department of Finance and Computer Information Systems and University of Memphis - Fogelman College of Business and Economics

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cross-listing, cash holdings, bonding hypothesis, investor protection, agency costs

44.

The Profound Effects of Automation on Stock Markets

Journal of Investment Management, Vol. 6, No. 1, First Quarter 2008
Posted: 27 Mar 2008
Pankaj K. Jain
University of Memphis - Fogelman College of Business and Economics

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Stock exchanges, Computerized trading, Electronic trading, Screenbased trading, Equity premium, Cost of equity capital, market design

45.

Financial Market Design and the Equity Premium: Electronic Versus Floor Trading

Journal of Finance, Vol. 60, No. 6, pp. 2955-2985, 2005
Posted: 13 Dec 2005
Pankaj K. Jain
University of Memphis - Fogelman College of Business and Economics

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Financial market design, Electronic trading, Computerized trading, Equity Premium, Liquidity, Floor trading

46.

Think Large and Act Small: Toward a New Paradigm for Ngo Scaling Up

Posted: 23 Aug 2001
Peter Uvin, Pankaj K. Jain and L. David Brown
Brown University, University of Memphis - Fogelman College of Business and Economics and Harvard University - John F. Kennedy School of Government - Hauser Center

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NGOs, civil society, Asia, India, advocacy, scaling up