Alok Kumar

University of Miami - Miami Herbert Business School

Gabelli Asset Management Chair and Professor of Finance

517B Jenkins Building

Department of Finance

Coral Gables, FL 33124-6552

United States

http://sites.google.com/view/alokmiami/home

  • University of Miami - Miami Herbert Business School

    • Email
    • Tel: 305-284-1882
SCHOLARLY PAPERS

99

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104,755

TOTAL CITATIONS
Rank 358

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Top 358

in Total Papers Citations

1,798

Scholarly Papers (99)

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1.

The Dow Theory: William Peter Hamilton's Track Record Re-Considered

Downloads 15,280 ( 513)
Citation 10

The Dow Theory: William Peter Hamilton's Track Record Re-Considered

Number of pages: 46 Posted: 11 Feb 1998
Stephen J. Brown, Alok Kumar and William N. Goetzmann
New York University - Stern School of Business, University of Miami - Miami Herbert Business School and Yale School of Management - International Center for Finance
Downloads 15,280 (572)
Citation 10

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2.

Equity Portfolio Diversification

Downloads 5,164 ( 3,708)
Citation 115

Equity Portfolio Diversification

Number of pages: 40 Posted: 06 Dec 2004 Last Revised: 12 Mar 2008
Alok Kumar and William N. Goetzmann
University of Miami - Miami Herbert Business School and Yale School of Management - International Center for Finance
Downloads 4,651 (4,389)
Citation 30

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Individual investors, diversification, over-confidence, trend-following behavior, local bias.

Equity Portfolio Diversification

NBER Working Paper No. w8686
Number of pages: 45 Posted: 20 Dec 2001 Last Revised: 26 Sep 2022
Alok Kumar and William N. Goetzmann
University of Miami - Miami Herbert Business School and Yale School of Management - International Center for Finance
Downloads 513 (114,668)
Citation 85

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Equity Portfolio Diversification

Review of Finance, Forthcoming
Posted: 14 Jan 2008
William N. Goetzmann and Alok Kumar
Yale School of Management - International Center for Finance and University of Miami - Miami Herbert Business School

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Individual investors, diversification, local bias, over-confidence, trend-following behavior

Equity Portfolio Diversification

Review of Finance, Vol. 12, No. 3, pp. 433-463, 2008
Posted: 08 Aug 2008
William N. Goetzmann and Alok Kumar
Yale School of Management - International Center for Finance and University of Miami - Miami Herbert Business School

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G11, G12

3.

Confirmation Bias, Overconfidence, and Investment Performance: Evidence from Stock Message Boards

McCombs Research Paper Series No. IROM-07-10
Number of pages: 59 Posted: 14 Jul 2010 Last Revised: 08 Oct 2010
JaeHong Park, Prabhudev Konana, Bin Gu, Alok Kumar and Rajagopal Raghunathan
University of Texas at Austin - McCombs School of Business, University of Texas at Austin - Department of Information, Risk and Operations Management, Boston University - Questrom School of Business, University of Miami - Miami Herbert Business School and University of Texas at Austin - McCombs School of Business
Downloads 4,835 (4,168)
Citation 14

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Confirmation Bias, Overconfidence, Investment Decisions, Korean Individual Investors, Virtual Communities, Stock Message Boards

4.

Do Older Investors Make Better Investment Decisions?

Review of Economics and Statistics, Forthcoming
Number of pages: 65 Posted: 20 Mar 2006 Last Revised: 11 Jul 2009
George M. Korniotis and Alok Kumar
University of Miami - Department of Finance and University of Miami - Miami Herbert Business School
Downloads 3,637 (6,646)
Citation 20

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Older individual investors, cognitive aging, investment experience, learning, rules of thumb, investment skill

5.

Behavioral Biases of Mutual Fund Investors

Journal of Financial Economics (JFE), Forthcoming, AFA 2009 San Francisco Meetings Paper
Number of pages: 69 Posted: 20 Mar 2008 Last Revised: 19 Jul 2010
Warren Bailey, Alok Kumar and David T. Ng
Cornell University, University of Miami - Miami Herbert Business School and Johnson College of Business
Downloads 2,959 (9,235)
Citation 19

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Individual investors, behavioral biases, disposition effect, narrow framing, mutual fund investments

6.

Temperature Sensitivity, Mispricing, and Predictable Returns

Number of pages: 100 Posted: 26 Feb 2019 Last Revised: 12 Apr 2024
Carina Cuculiza, Alok Kumar, Wei Xin and Chendi Zhang
Oklahoma State University - Stillwater - Spears School of Business, University of Miami - Miami Herbert Business School, University of Exeter Business School and University of Exeter Business School
Downloads 2,608 (11,290)
Citation 5

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Climate sensitivity, return predictability, mispricing, market under-reaction, institutional investors, sell-side analysts.

7.

Political Climate, Optimism, and Investment Decisions

AFA 2012 Chicago Meetings Paper
Number of pages: 40 Posted: 21 Nov 2009 Last Revised: 20 Apr 2012
Yosef Bonaparte, Alok Kumar and Jeremy K. Page
University of Colorado at Denver - Department of Finance, University of Miami - Miami Herbert Business School and Brigham Young University
Downloads 2,590 (11,412)
Citation 67

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8.

Who Gambles in the Stock Market?

Downloads 2,477 (12,225)
Citation 80

Who Gambles in the Stock Market?

AFA 2006 Boston Meetings Paper, Journal of Finance, Forthcoming, EFA 2005 Moscow Meetings Paper
Number of pages: 53 Posted: 15 Mar 2005 Last Revised: 06 Sep 2008
Alok Kumar
University of Miami - Miami Herbert Business School
Downloads 2,155 (15,044)
Citation 23

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Individual investors, lottery-type stocks, skewness preference, gambling

Who Gambles in the Stock Market?

Journal of Finance, Forthcoming
Number of pages: 53 Posted: 05 Sep 2008
Alok Kumar
University of Miami - Miami Herbert Business School
Downloads 322 (195,898)
Citation 57

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9.

Religious Beliefs, Gambling Attitudes, and Financial Market Outcomes

EFA 2009 Bergen Meetings Paper, Journal of Financial Economics (JFE), Forthcoming
Number of pages: 82 Posted: 31 Jan 2009 Last Revised: 04 Apr 2011
Alok Kumar, Jeremy K. Page and Oliver G. Spalt
University of Miami - Miami Herbert Business School, Brigham Young University and University of Mannheim - Business School
Downloads 2,175 (15,103)
Citation 22

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10.

Daily Winners and Losers

Number of pages: 134 Posted: 14 Mar 2017 Last Revised: 23 Apr 2021
Alok Kumar, Stefan Ruenzi and Michael Ungeheuer
University of Miami - Miami Herbert Business School, University of Mannheim - Department of International Finance and Aalto University
Downloads 2,146 (15,432)
Citation 11

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Salient stock returns, investor attention, idiosyncratic volatility puzzle, retail investors.

11.

In-Group Bias in Financial Markets

Number of pages: 66 Posted: 13 Dec 2016 Last Revised: 16 May 2023
Sima Jannati, Alok Kumar, Alexandra Niessen-Ruenzi and Justin Wolfers
University of Texas at Arlington, University of Miami - Miami Herbert Business School, University of Mannheim - Finance Area and University of Michigan at Ann Arbor - Department of Economics
Downloads 1,756 (21,199)
Citation 11

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In-group bias, female analysts, earnings forecasts, stock recommendations, forecast accuracy, market reaction

12.

Retail Investor Sentiment and Return Comovements

Number of pages: 48 Posted: 17 Feb 2004
Alok Kumar and Charles M.C. Lee
University of Miami - Miami Herbert Business School and Foster School of Business, University of Washington
Downloads 1,740 (21,538)
Citation 94

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Correlated trading, Retail sentiment, Habitat-based comovement, Arbitrage costs

13.

How Do Decision Frames Influence the Stock Investment Choices of Individual Investors?

Downloads 1,729 (21,730)
Citation 22

How Do Decision Frames Influence the Stock Investment Choices of Individual Investors?

EFA 2005 Moscow Meetings
Number of pages: 31 Posted: 07 Aug 2005
Sonya S. Lim and Alok Kumar
DePaul University - Department of Finance and University of Miami - Miami Herbert Business School
Downloads 1,729 (21,337)
Citation 22

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Narrow framing, trade clustering, disposition effect, portfolio diversification, prospect theory

How Do Decision Frames Influence the Stock Investment Choices of Individual Investors?

Management Science, Forthcoming
Posted: 14 Jan 2008
Sonya S. Lim and Alok Kumar
DePaul University - Department of Finance and University of Miami - Miami Herbert Business School

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Narrow framing, trade clustering, disposition effect, portfolio diversification, prospect theory

14.

What is in a Name? Mutual Fund Flows When Managers Have Foreign-Sounding Names

Review of Financial Studies, Forthcoming
Number of pages: 56 Posted: 02 Nov 2011 Last Revised: 10 Jan 2015
Alok Kumar, Alexandra Niessen-Ruenzi and Oliver G. Spalt
University of Miami - Miami Herbert Business School, University of Mannheim - Finance Area and University of Mannheim - Business School
Downloads 1,715 (21,980)
Citation 51

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15.

Do the Diversification Choices of Individual Investors Influence Stock Returns?

Downloads 1,709 (22,076)
Citation 6

Do the Diversification Choices of Individual Investors Influence Stock Returns?

McCombs Research Paper Series No. FIN-06-06
Number of pages: 37 Posted: 10 Feb 2005 Last Revised: 21 Jul 2008
Alok Kumar
University of Miami - Miami Herbert Business School
Downloads 1,548 (25,233)
Citation 6

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Individual investors, Under-diversification, Narrow risk framing, Investor sentiment, Information asymmetry, Asset pricing, Arbitrage costs

Do the Diversification Choices of Individual Investors Influence Stock Returns?

Journal of Financial Markets, Forthcoming
Number of pages: 36 Posted: 11 Sep 2007
Alok Kumar
University of Miami - Miami Herbert Business School
Downloads 161 (385,801)

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16.

Corporate Policies of Republican Managers

AFA 2011 Denver Meetings Paper, Journal of Financial and Quantitative Analysis (JFQA), 2014, 49(5/6), 1279-1310
Number of pages: 76 Posted: 17 Mar 2010 Last Revised: 14 Apr 2015
Irena Hutton, Danling Jiang and Alok Kumar
Florida State University - College of Business, College of Business, Stony Brook University and University of Miami - Miami Herbert Business School
Downloads 1,638 (23,529)
Citation 118

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Political values, financial conservatism, corporate culture, capital structure, dividend policy, investments

17.

Only Gamble in Town: Stock Market Gambling Around the World and Market Efficiency

Number of pages: 56 Posted: 10 Nov 2020 Last Revised: 10 Nov 2021
Alok Kumar, Huong Nguyen and Tālis J. Putniņš
University of Miami - Miami Herbert Business School, Faculty of Finance, University of Economics, The University of Danang, Vietnam and University of Technology Sydney (UTS)
Downloads 1,469 (27,771)
Citation 5

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stock market gambling, casino, state lottery, liquidity, informational efficiency

18.

Political Sentiment and Predictable Returns

Number of pages: 72 Posted: 02 Nov 2012 Last Revised: 01 Mar 2016
Jawad M. Addoum and Alok Kumar
Cornell SC Johnson College of Business and University of Miami - Miami Herbert Business School
Downloads 1,466 (27,850)
Citation 11

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19.

Do Dividend Clienteles Exist? Evidence on Dividend Preferences of Retail Investors

Number of pages: 37 Posted: 02 Jan 2004
John R. Graham and Alok Kumar
Duke University and University of Miami - Miami Herbert Business School
Downloads 1,458 (28,072)
Citation 98

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Retail investors, Dividend clienteles, Dividend events, Dividend taxation, Attention hypothesis

20.

State-Level Business Cycles and Local Return Predictability

Journal of Finance, Forthcoming
Number of pages: 89 Posted: 19 Feb 2008 Last Revised: 20 Apr 2012
George M. Korniotis and Alok Kumar
University of Miami - Department of Finance and University of Miami - Miami Herbert Business School
Downloads 1,369 (30,830)
Citation 16

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21.

Geographic Diffusion of Accounting Information, Analyst Behavior, and Return Predictability

Number of pages: 52 Posted: 21 Oct 2013 Last Revised: 26 Jun 2020
Jawad M. Addoum, Alok Kumar and Kelvin Law
Cornell SC Johnson College of Business, University of Miami - Miami Herbert Business School and Nanyang Business School, Nanyang Technological University
Downloads 1,327 (32,259)
Citation 2

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Geographic connections, information diffusion, sell-side analysts, institutional investors, earnings and return predictability

22.

Skewness Sentiment and Market Anomalies

Management Science, Forthcoming.
Number of pages: 79 Posted: 06 May 2018 Last Revised: 25 Oct 2023
Alok Kumar, Mehrshad Motahari and Richard Taffler
University of Miami - Miami Herbert Business School, Bayes Business School (formerly Cass) and University of Warwick - Finance Group
Downloads 1,305 (33,056)
Citation 1

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Market anomalies, skewness preference, mispricing, idiosyncratic skewness, investor sentiment.

23.

Do Portfolio Distortions Reflect Superior Information or Psychological Biases?

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 80 Posted: 20 Jul 2009 Last Revised: 20 Apr 2012
George M. Korniotis and Alok Kumar
University of Miami - Department of Finance and University of Miami - Miami Herbert Business School
Downloads 1,279 (34,050)
Citation 32

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Individual investors, cognitive abilities, behavioral biases, diversification, active trading, local bias

24.

Weather-Induced Mood, Institutional Investors, and Stock Returns

Number of pages: 56 Posted: 13 Sep 2013 Last Revised: 25 Oct 2014
William N. Goetzmann, Dasol Kim, Alok Kumar and Qin Emma Wang
Yale School of Management - International Center for Finance, Office of Financial Research, US Department of the Treasury, University of Miami - Miami Herbert Business School and Oklahoma State University - Tulsa
Downloads 1,223 (36,323)
Citation 30

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25.

The Idiosyncratic Volatility Puzzle: Time Trend or Speculative Episodes?

Downloads 1,199 (37,378)
Citation 209

The Idiosyncratic Volatility Puzzle: Time Trend or Speculative Episodes?

McCombs Research Paper Series No. FIN-02-09
Number of pages: 57 Posted: 09 Jun 2008 Last Revised: 18 Jan 2009
Michael W. Brandt, Alon Brav, John R. Graham and Alok Kumar
Duke University - Fuqua School of Business, Duke University - Fuqua School of Business, Duke University and University of Miami - Miami Herbert Business School
Downloads 1,199 (36,774)
Citation 209

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Idiosyncratic volatility, stock market bubbles, retail investors, speculation, stock splits

The Idiosyncratic Volatility Puzzle: Time Trend or Speculative Episodes?

The Review of Financial Studies, Vol. 23, Issue 2, pp. 863-899, 2009
Posted: 01 Feb 2010
Michael W. Brandt, Alon Brav, John R. Graham and Alok Kumar
Duke University - Fuqua School of Business, Duke University - Fuqua School of Business, Duke University and University of Miami - Miami Herbert Business School

Abstract:

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G11, G12, G14

26.

Stature, Obesity, and Portfolio Choice

Number of pages: 61 Posted: 21 Nov 2009 Last Revised: 17 Jul 2015
Jawad M. Addoum, George M. Korniotis and Alok Kumar
Cornell SC Johnson College of Business, University of Miami - Department of Finance and University of Miami - Miami Herbert Business School
Downloads 1,156 (39,414)
Citation 17

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27.

Speculative Retail Trading and Asset Prices

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 52 Posted: 02 Apr 2009 Last Revised: 20 Apr 2012
Bing Han and Alok Kumar
University of Toronto, Rotman School of Management and University of Miami - Miami Herbert Business School
Downloads 1,144 (40,034)
Citation 117

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28.

Political Values, Culture, and Corporate Litigation

Management Science, 2015, 61(12): 2905-2925.
Number of pages: 67 Posted: 04 Mar 2012 Last Revised: 18 Dec 2015
Irena Hutton, Danling Jiang and Alok Kumar
Florida State University - College of Business, College of Business, Stony Brook University and University of Miami - Miami Herbert Business School
Downloads 1,113 (41,752)
Citation 99

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Political values, culture, litigation, managerial misconduct, Corporate Misconduct

29.

Political Contributions and Analyst Behavior

Review of Accounting Studies, 2016, 21(1): 37-88
Number of pages: 57 Posted: 03 Oct 2010 Last Revised: 08 Mar 2016
Danling Jiang, Alok Kumar and Kelvin Law
College of Business, Stony Brook University, University of Miami - Miami Herbert Business School and Nanyang Business School, Nanyang Technological University
Downloads 1,085 (43,287)
Citation 13

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Equity Analysts, Political Contribution, Conservative Analysts, Forecasting Style, Market Reaction

30.

Firm-Level ESG Information and Active Fund Management

University of Miami Business School Research Paper No. 3747085, Journal of Financial Intermediation, 2024[10.1016/j.jfi.2024.101122]
Number of pages: 74 Posted: 29 Jan 2021 Last Revised: 19 Nov 2024
Linquan Chen, Yao Chen, Alok Kumar and Woon Sau Leung
University of Exeter, University of Exeter Business School, University of Miami - Miami Herbert Business School and University of Southampton - Southampton Business School
Downloads 1,064 (44,497)
Citation 1

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ESG integration; sustainable investing; mutual funds; investment skill; catering.

31.

Searching for Gambles: Gambling Sentiment and Stock Market Outcomes

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 61 Posted: 25 Jul 2015 Last Revised: 08 Feb 2021
Yao Chen, Alok Kumar and Chendi Zhang
University of Exeter Business School, University of Miami - Miami Herbert Business School and University of Exeter Business School
Downloads 1,056 (44,926)
Citation 2

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Gambling sentiment; lottery-type stocks; investor attention; catering; stock splits; IPO first-day return

32.

Terrorist Attacks, Managerial Sentiment, and Corporate Policies

Number of pages: 54 Posted: 21 Feb 2015 Last Revised: 27 Feb 2017
Constantinos Antoniou, Alok Kumar and Anastasios Maligkris
University of Warwick - Warwick Business School, University of Miami - Miami Herbert Business School and University of Miami Herbert Business School
Downloads 1,039 (45,990)
Citation 9

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Terrorist attacks, mass shootings, managerial sentiment, corporate policies, media coverage, firm location.

33.

Diversification Decisions of Individual Investors and Asset Prices

Yale ICF Working Paper No. 03-31
Number of pages: 60 Posted: 21 Nov 2003 Last Revised: 14 May 2023
Alok Kumar
University of Miami - Miami Herbert Business School
Downloads 1,027 (46,749)

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Individual investors, Under-diversification, Narrow risk framing, Asset pricing, Arbitrage costs

34.

Terrorist Attacks, Analyst Sentiment, and Earnings Forecasts

Number of pages: 51 Posted: 13 Dec 2015 Last Revised: 13 Jan 2020
Carina Cuculiza, Constantinos Antoniou, Alok Kumar and Anastasios Maligkris
Oklahoma State University - Stillwater - Spears School of Business, University of Warwick - Warwick Business School, University of Miami - Miami Herbert Business School and University of Miami Herbert Business School
Downloads 994 (48,927)
Citation 4

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Analyst sentiment, forecast accuracy, extreme events, terrorist attacks

35.

Climate Change, Analyst Forecasts, and Market Behavior

Number of pages: 62 Posted: 24 Mar 2021
Carina Cuculiza, Alok Kumar, Wei Xin and Chendi Zhang
Oklahoma State University - Stillwater - Spears School of Business, University of Miami - Miami Herbert Business School, University of Exeter Business School and University of Exeter Business School
Downloads 986 (49,482)

Abstract:

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climate change, temperature sensitivity, sell-side analysts, forecast accuracy, market reaction

36.

Hard-to-Value Stocks, Behavioral Biases, and Informed Trading

Downloads 947 (52,309)
Citation 78

Hard-to-Value Stocks, Behavioral Biases, and Informed Trading

Number of pages: 38 Posted: 23 May 2006 Last Revised: 13 Mar 2008
Alok Kumar
University of Miami - Miami Herbert Business School
Downloads 947 (51,469)
Citation 78

Abstract:

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Hard-to-Value Stocks, Behavioral Biases, and Informed Trading

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Posted: 14 Mar 2008
Alok Kumar
University of Miami - Miami Herbert Business School

Abstract:

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37.

Local Investors and Corporate Governance

Journal of Accounting & Economics (JAE), Forthcoming
Number of pages: 49 Posted: 21 Nov 2009 Last Revised: 20 Apr 2012
Vidhi Chhaochharia, Alexandra Niessen-Ruenzi and Alok Kumar
University of Miami - Department of Finance, University of Mannheim - Finance Area and University of Miami - Miami Herbert Business School
Downloads 886 (57,331)
Citation 48

Abstract:

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38.

Home Away From Home: Geography of Information and Local Investors

26th Australasian Finance and Banking Conference 2013, AFA 2012 Chicago Meetings Paper, 14th Annual Conference of Financial Economics and Accounting 2011
Number of pages: 69 Posted: 21 Nov 2010 Last Revised: 12 Nov 2013
Gennaro (帅纳) Bernile, Alok Kumar and Johan Sulaeman
University of Miami - Department of Finance, University of Miami - Miami Herbert Business School and National University of Singapore (NUS) - Sustainable & Green Finance Institute (SGFIN)
Downloads 884 (57,520)
Citation 79

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Multi-Dimensional Firm Location, Information Asymmetry, Local Informational Advantage

39.

Investor Emotions and Asset Prices

University of Miami Business School Research Paper No. 5020654
Number of pages: 59 Posted: 19 Nov 2024
Shehub Bin Hasan, Alok Kumar and Richard Taffler
ICMA Centre, University of Reading, University of Miami - Miami Herbert Business School and University of Warwick - Finance Group
Downloads 850 (60,690)

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Investor emotions, market emotion index, emotion beta, investor sentiment, return predictability JEL classification: G12

40.

Geography of Firms and Propagation of Local Economic Conditions

Number of pages: 66 Posted: 22 May 2012 Last Revised: 26 Jul 2021
Gennaro (帅纳) Bernile, Stefanos Delikouras, George M. Korniotis and Alok Kumar
University of Miami - Department of Finance, University of Miami - Department of Finance, University of Miami - Department of Finance and University of Miami - Miami Herbert Business School
Downloads 803 (65,558)

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Economic networks, 10-K filings, Gross State Product, predictability, return comovement, liquidity, sales

41.

Social Learning and Analyst Behavior

Journal of Financial Economics (JFE), Vol. 143, No. 1, 2022
Number of pages: 62 Posted: 27 Nov 2019 Last Revised: 30 Mar 2022
Alok Kumar, Ville Rantala and Ruoxi Xu
University of Miami - Miami Herbert Business School, University of Miami - Department of Finance and The Chinese University of Hong Kong
Downloads 801 (65,847)
Citation 23

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Sell-side equity analysts, social learning, forecast optimism, bold forecasts, in-group bias, forecast accuracy.

42.

An Analyst by Any Other Surname: Surname Favorability and Market Reaction to Analyst Forecasts

Journal of Accounting and Economics (JAE), Forthcoming
Number of pages: 74 Posted: 27 Aug 2016 Last Revised: 21 Feb 2019
Jay Jung, Alok Kumar, Sonya S. Lim and Choong-Yuel Yoo
City, University of London - Bayes Business School, University of Miami - Miami Herbert Business School, DePaul University - Department of Finance and KAIST College of Business
Downloads 796 (66,306)
Citation 5

Abstract:

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Equity analyst, surname favorability, earnings forecast, market reaction, motivated reasoning

43.

Foreign Investments of U'S' Individual Investors: Causes and Consequences

AFA 2007 Chicago Meetings Paper
Number of pages: 33 Posted: 03 Jan 2005
Warren Bailey, Alok Kumar and David T. Ng
Cornell University, University of Miami - Miami Herbert Business School and Johnson College of Business
Downloads 788 (67,193)
Citation 24

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Individual investors, diversification, home bias, local bias, over-confidence

44.

Gambling and Comovement

Number of pages: 49 Posted: 18 Dec 2010 Last Revised: 19 Oct 2013
Alok Kumar, Jeremy K. Page and Oliver G. Spalt
University of Miami - Miami Herbert Business School, Brigham Young University and University of Mannheim - Business School
Downloads 786 (67,440)
Citation 3

Abstract:

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45.

Dynamic Style Preferences of Individual Investors and Stock Returns

Downloads 772 (69,040)
Citation 3

Dynamic Style Preferences of Individual Investors and Stock Returns

Number of pages: 52 Posted: 09 May 2005 Last Revised: 14 Jul 2008
Alok Kumar
University of Miami - Miami Herbert Business School
Downloads 416 (147,394)
Citation 3

Abstract:

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Dynamic Style Preferences of Individual Investors and Stock Returns

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 50 Posted: 11 Sep 2007
Alok Kumar
University of Miami - Miami Herbert Business School
Downloads 356 (175,665)

Abstract:

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46.

Under-Reaction to Political Information and Price Momentum

University of Miami Legal Studies Research Paper No. 18-4
Number of pages: 51 Posted: 17 Apr 2014 Last Revised: 04 Sep 2021
Jawad M. Addoum, Stefanos Delikouras, Da Ke and Alok Kumar
Cornell SC Johnson College of Business, University of Miami - Department of Finance, University of South Carolina - Department of Finance and University of Miami - Miami Herbert Business School
Downloads 710 (77,026)
Citation 2

Abstract:

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Price momentum, political climate, market underreaction, trading strategies

47.

Mood, Firm Behavior, and Aggregate Economic Outcomes

Number of pages: 66 Posted: 25 Mar 2015 Last Revised: 21 Jun 2019
Vidhi Chhaochharia, Dasol Kim, George M. Korniotis and Alok Kumar
University of Miami - Department of Finance, Office of Financial Research, US Department of the Treasury, University of Miami - Department of Finance and University of Miami - Miami Herbert Business School
Downloads 695 (79,082)
Citation 16

Abstract:

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Cloud cover, mood, small business managers, firm investment behavior, managerial optimism, state-level business cycles

48.

Investor Sentiment and Return Comovements: Evidence from Stock Splits and Headquarters Changes

Review of Finance, Forthcoming
Number of pages: 47 Posted: 12 Dec 2010 Last Revised: 20 Apr 2012
Alok Kumar, Jeremy K. Page and Oliver G. Spalt
University of Miami - Miami Herbert Business School, Brigham Young University and University of Mannheim - Business School
Downloads 689 (79,946)
Citation 6

Abstract:

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49.

Network Analysis of Search Dynamics: The Case of Stock Habitats

Management Science, Forthcoming
Number of pages: 49 Posted: 07 Apr 2013 Last Revised: 25 Jan 2016
Alvin Leung, Ashish Agarwal, Prabhudev Konana and Alok Kumar
City University of Hong Kong (CityU) - Department of Information Systems, University of Texas at Austin - McCombs School of Business, University of Texas at Austin - Department of Information, Risk and Operations Management and University of Miami - Miami Herbert Business School
Downloads 688 (80,092)
Citation 5

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Online Search, Correlated Search, User Attention, Network Analysis, Comovement, Investment Habitats, Stock Returns

50.

Dynamic ESG Preferences and Asset Prices

Number of pages: 50 Posted: 26 Feb 2019 Last Revised: 27 Jul 2020
Yao Chen, Alok Kumar and Chendi Zhang
University of Exeter Business School, University of Miami - Miami Herbert Business School and University of Exeter Business School
Downloads 682 (81,137)
Citation 1

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corporate social responsibility; investor attention, socially responsible investing, return predictability, social sentiment.

51.

Investor Sophistication and Asset Prices

Number of pages: 55 Posted: 10 Dec 2012 Last Revised: 19 Jul 2017
George M. Korniotis, Alok Kumar and Jeremy K. Page
University of Miami - Department of Finance, University of Miami - Miami Herbert Business School and Brigham Young University
Downloads 675 (82,111)
Citation 1

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Local return predictability, return comovement, trading correlation, investor sophistication, risk sharing, local bias, state portfolios

52.

Analysts, Macroeconomic News, and the Benefit of Active In-House Economists

Number of pages: 50 Posted: 12 Apr 2013 Last Revised: 24 Jul 2015
Artur Hugon, Alok Kumar and An-Ping Lin
Arizona State University (ASU), University of Miami - Miami Herbert Business School and Singapore Management University - School of Accountancy
Downloads 610 (93,496)
Citation 39

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Sell-side analyst, macroeconomist, GDP, price efficiency

53.

Political Activism, Information Costs, and Stock Market Participation

Downloads 597 (96,084)
Citation 7

Political Activism, Information Costs, and Stock Market Participation

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 73 Posted: 27 Mar 2011 Last Revised: 05 Jun 2012
Yosef Bonaparte and Alok Kumar
University of Colorado at Denver - Department of Finance and University of Miami - Miami Herbert Business School
Downloads 552 (104,647)
Citation 7

Abstract:

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Stock market participation, political activism, information costs, individual investors, geographic instruments.

Political Involvement, Information Costs, and Stock Market Participation

Number of pages: 52 Posted: 19 Mar 2011
Alok Kumar and Yosef Bonaparte
University of Miami - Miami Herbert Business School and University of Colorado at Denver - Department of Finance
Downloads 45 (871,224)

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Investment decisions, stock market participation, political involvement, information costs, individual investors

54.

Negativity Bias, Social Media, and Analyst Forecast Performance *

Number of pages: 59 Posted: 16 Feb 2022 Last Revised: 09 Oct 2024
Ann Marie Hibbert, Qiang Kang, Alok Kumar and Suchi Mishra
West Virginia University - John Chambers College of Business and Economics, Department of Finance, Florida International University (FIU) - Department of Finance, University of Miami - Miami Herbert Business School and Florida International University (FIU) - Department of Finance
Downloads 523 (113,378)
Citation 2

Abstract:

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social media, Twitter sentiment, earnings forecasts, sell-side analysts, Negativity bias

55.

Do Behavioral Biases Adversely Affect the Macro-Economy?

Review of Financial Studies, Forthcoming
Number of pages: 72 Posted: 11 Aug 2008 Last Revised: 17 Sep 2010
George M. Korniotis and Alok Kumar
University of Miami - Department of Finance and University of Miami - Miami Herbert Business School
Downloads 512 (116,375)
Citation 8

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Risk sharing, income risk, financial markets, cognitive abilities, behavioral biases, investor sophistication

56.

Dividend Sentiment, Catering Incentives, and Return Predictability

Journal of Corporate Finance, Vol. 72, No. 102128, 2022
Number of pages: 62 Posted: 26 Nov 2016 Last Revised: 20 Dec 2021
Alok Kumar, Zicheng Lei and Chendi Zhang
University of Miami - Miami Herbert Business School, King's College London and University of Exeter Business School
Downloads 506 (118,263)

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Dividend catering; investor attention; Internet search volume; dividend sentiment; return predictability.

57.

Investor Clienteles and Habitat-Based Return Comovements

AFA 2011 Denver Meetings Paper
Number of pages: 66 Posted: 27 Aug 2009 Last Revised: 15 Apr 2010
Alok Kumar, Jeremy K. Page and Oliver G. Spalt
University of Miami - Miami Herbert Business School, Brigham Young University and University of Mannheim - Business School
Downloads 505 (118,263)
Citation 8

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58.

Why the Going-Concern Anomaly: Gambling in the Market?

WBS Finance Group Research Paper No. 200
Number of pages: 58 Posted: 13 Apr 2013
Asad Kausar, Alok Kumar and Richard Taffler
American University - Kogod School of Business, University of Miami - Miami Herbert Business School and University of Warwick - Finance Group
Downloads 494 (121,394)
Citation 7

Abstract:

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Audit report, market underreaction, retail investors, lottery-type stocks, gambling

59.

Labor Market Activities and Analyst Behavior

University of Miami Business School Research Paper No. 4398368
Number of pages: 70 Posted: 05 Apr 2023
Vidhi Chhaochharia, Alok Kumar, Dan Li and Shiyi Zhang
University of Miami - Department of Finance, University of Miami - Miami Herbert Business School, University of Miami Herbert Business School and University of Technology Sydney (UTS)
Downloads 481 (125,435)

Abstract:

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Corporate job postings, layoffs, equity analysts, Regulation FD, earnings predictability.

60.

Income Hedging and Portfolio Decisions

Number of pages: 70 Posted: 09 Nov 2012 Last Revised: 31 Jul 2013
Yosef Bonaparte, George M. Korniotis and Alok Kumar
University of Colorado at Denver - Department of Finance, University of Miami - Department of Finance and University of Miami - Miami Herbert Business School
Downloads 479 (126,084)
Citation 31

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income hedging, market participation, asset allocation, household finance

61.

Prozac for Depressed States? Effect of Mood on Local Economic Recessions

Number of pages: 56 Posted: 19 Apr 2011 Last Revised: 15 Jul 2017
Vidhi Chhaochharia, George M. Korniotis and Alok Kumar
University of Miami - Department of Finance, University of Miami - Department of Finance and University of Miami - Miami Herbert Business School
Downloads 469 (129,261)
Citation 7

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62.

Local Business Cycles and Local Liquidity

Number of pages: 53 Posted: 07 May 2012 Last Revised: 05 Dec 2013
Gennaro (帅纳) Bernile, George M. Korniotis, Alok Kumar and Qin Emma Wang
University of Miami - Department of Finance, University of Miami - Department of Finance, University of Miami - Miami Herbert Business School and Oklahoma State University - Tulsa
Downloads 463 (131,284)
Citation 3

Abstract:

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Geographical market segmentation, local business cycles, local liquidity, local bias, state portfolios, return predictability

63.

Local Bankruptcy and Geographic Contagion in the Bank Loan Market

Review of Finance, Volume 24, Issue 5, September 2020, Pages 997–1037
Number of pages: 60 Posted: 29 Jul 2015 Last Revised: 14 Oct 2020
Jawad M. Addoum, Alok Kumar, Nhan Le and Alexandra Niessen-Ruenzi
Cornell SC Johnson College of Business, University of Miami - Miami Herbert Business School, Australian National University and University of Mannheim - Finance Area
Downloads 450 (135,915)
Citation 3

Abstract:

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Corporate bankruptcy, geographic contagion, bank loans

64.

Predicting Forecasting Biases and Aggregate Outcomes using Neural Networks

Number of pages: 68 Posted: 06 Dec 2022 Last Revised: 04 Oct 2024
Vidhi Chhaochharia, Alok Kumar, Ville Rantala and Alan L. Zhang
University of Miami - Department of Finance, University of Miami - Miami Herbert Business School, University of Miami - Department of Finance and Florida International University (FIU)
Downloads 419 (147,713)

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analyst biases, earnings forecasts, aggregate analyst sentiment, return predictability, machine learning, neural networks

65.

Deviations From Norms and Informed Trading

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 62 Posted: 21 Mar 2011 Last Revised: 16 Oct 2012
Alok Kumar and Jeremy K. Page
University of Miami - Miami Herbert Business School and Brigham Young University
Downloads 410 (151,481)
Citation 6

Abstract:

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Institutional investors, informed trading, investor tastes, skewness, gambling, sin stocks, social norms

66.

Predicting Hedge Fund Performance When Fund Returns Are Skewed

Number of pages: 40 Posted: 12 Jun 2014 Last Revised: 20 Oct 2019
Andrea J. Heuson, Mark C. Hutchinson and Alok Kumar
University of Miami - Department of Finance, University College Cork and University of Miami - Miami Herbert Business School
Downloads 397 (157,053)
Citation 2

Abstract:

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Performance measurement, hedge funds, fund-specific skewness, performance

67.

Income Hedging, Dynamic Style Preferences, and Return Predictability

Journal of Finance, Forthcoming, University of Miami Business School Research Paper No. 18-8
Number of pages: 91 Posted: 04 May 2014 Last Revised: 10 Oct 2018
Jawad M. Addoum, Stefanos Delikouras, George M. Korniotis and Alok Kumar
Cornell SC Johnson College of Business, University of Miami - Department of Finance, University of Miami - Department of Finance and University of Miami - Miami Herbert Business School
Downloads 391 (159,791)
Citation 2

Abstract:

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Income hedging, hedging demand, value factor, state-level income risk, style investing, return predictability

68.

Stock Market Ownership Transitions

Downloads 389 (160,682)
Citation 5

Stock Market Ownership Transitions

Number of pages: 60 Posted: 24 May 2017 Last Revised: 26 Jan 2024
Yosef Bonaparte, George M. Korniotis, Alok Kumar, Alexander Michaelides and Yuxin Zhang
University of Colorado at Denver - Department of Finance, University of Miami - Department of Finance, University of Miami - Miami Herbert Business School, Imperial College Business School and Renmin University of China
Downloads 387 (160,116)
Citation 5

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Stock market transitions, trading costs, life-cycle portfolio decisions, rare disaster, income and wealth shocks

Income Risk and Stock Market Entry/Exit Decisions

CEPR Discussion Paper No. DP15370
Number of pages: 69 Posted: 03 Nov 2020 Last Revised: 14 May 2021
Yosef Bonaparte, George M. Korniotis and Alok Kumar
University of Colorado at Denver - Department of Finance, University of Miami - Department of Finance and University of Miami - Miami Herbert Business School
Downloads 2 (1,352,889)
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69.

Heuristic Fund Allocation Decisions

8th Miami Behavioral Finance Conference 2017, University of Miami Business School Research Paper No. 2869426
Number of pages: 47 Posted: 15 Nov 2016 Last Revised: 13 Feb 2020
Indraneel Chakraborty, Alok Kumar, Tobias Muhlhofer and Ravi Sastry
University of Miami - Department of Finance, University of Miami - Miami Herbert Business School, University of Miami - Department of Finance and University of Melbourne - Department of Finance
Downloads 385 (162,550)

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heuristics, mutual fund flows, sector funds, sophistication, model uncertainty

70.

Social Risk and Portfolio Choice

7th Miami Behavioral Finance Conference 2016
Number of pages: 82 Posted: 03 Nov 2016 Last Revised: 28 Nov 2022
William Bazley, Yosef Bonaparte, George M. Korniotis and Alok Kumar
University of Kansas, University of Colorado at Denver - Department of Finance, University of Miami - Department of Finance and University of Miami - Miami Herbert Business School
Downloads 385 (162,550)
Citation 5

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Stock market participation, asset allocation, income risk, subjective probabilities, household finance

71.

Hispanic Culture, Portfolio Decisions, and Asset Prices

Number of pages: 72 Posted: 16 Dec 2016 Last Revised: 23 Jun 2024
Jawad M. Addoum, Carina Cuculiza, Alok Kumar and Stuart Webb
Cornell SC Johnson College of Business, Oklahoma State University - Stillwater - Spears School of Business, University of Miami - Miami Herbert Business School and University of Miami
Downloads 383 (163,553)
Citation 1

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Hispanic culture, local bias, lottery stocks, return comovement, local returns, return momentum

72.

Star Firms, Information Externalities, and Predictability

University of Miami Business School Research Paper No. 4314318
Number of pages: 59 Posted: 03 Jan 2023 Last Revised: 19 Jun 2024
Vidhi Chhaochharia, Alok Kumar, Mehrshad Motahari and Ville Rantala
University of Miami - Department of Finance, University of Miami - Miami Herbert Business School, Bayes Business School (formerly Cass) and University of Miami - Department of Finance
Downloads 350 (180,592)

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Star firms, earnings predictability, return predictability, information spillover JEL Codes: G12, sell-side equity analysts, earnings predictability, return predictability, information spillover JEL Codes: G12

73.

Geography, Diversity, and Accuracy of Crowdsourced Earnings Forecasts

Number of pages: 61 Posted: 18 Mar 2015 Last Revised: 06 Oct 2016
Biljana Adebambo, Barbara A. Bliss and Alok Kumar
University of San Diego, University of San Diego and University of Miami - Miami Herbert Business School
Downloads 348 (181,746)

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Crowdsourcing, crowd diversity, local bias, analysts, earnings forecasts, forecast accuracy

74.

Short Selling Before Initial Public Offerings

WBS Finance Group Research Paper Series
Number of pages: 38 Posted: 27 Jun 2015 Last Revised: 21 Mar 2017
Linquan Chen, Alok Kumar and Chendi Zhang
University of Exeter, University of Miami - Miami Herbert Business School and University of Exeter Business School
Downloads 328 (193,713)

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IPO underpricing; two-stage offering; short selling; IPO long-run performance

75.

Replicating Anomalies Using the Aggregate Average Method

University of Miami Business School Research Paper No. 4990134
Number of pages: 49 Posted: 31 Oct 2024 Last Revised: 06 Dec 2024
Jiaqi Guo, George M. Korniotis, Alok Kumar and Peng Li
Birmingham Business School, University of Miami - Department of Finance, University of Miami - Miami Herbert Business School and University of Bath, School of management
Downloads 316 (201,520)
Citation 1

Abstract:

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Asset pricing anomalies, data mining, non-standard errors, p-hacking, two-stage bootstrapping

76.

Inflation, Monetary Policy, and Portfolio Decisions of U.S. Households

University of Miami Business School Research Paper No. 4395916
Number of pages: 46 Posted: 31 Mar 2023 Last Revised: 19 Jan 2024
Yosef Bonaparte, George M. Korniotis, Alok Kumar and Melina Murren Vosse
University of Colorado at Denver - Department of Finance, University of Miami - Department of Finance, University of Miami - Miami Herbert Business School and University of San Diego - Department of Finance
Downloads 304 (210,151)

Abstract:

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Interest rates, market participation, asset allocation, inflation hedging, experienced inflation, household portfolios

77.

Bankruptcy Sells Stocks… But Who's Buying (and Why)?

Number of pages: 62 Posted: 24 Apr 2014
Luis Coelho, Kose John, Alok Kumar and Richard Taffler
University of Algarve, New York University (NYU) - Leonard N. Stern School of Business, University of Miami - Miami Herbert Business School and University of Warwick - Finance Group
Downloads 289 (221,596)
Citation 1

Abstract:

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Post-Chapter 11 trading, gambling, lottery-like stocks, retail investors, limits to arbitrage, market under-reaction

78.

Has Local Informational Advantage Disappeared?

Number of pages: 47 Posted: 30 Apr 2016 Last Revised: 13 Oct 2018
Gennaro (帅纳) Bernile, Alok Kumar, Johan Sulaeman and Qin Emma Wang
University of Miami - Department of Finance, University of Miami - Miami Herbert Business School, National University of Singapore (NUS) - Sustainable & Green Finance Institute (SGFIN) and Oklahoma State University - Tulsa
Downloads 287 (223,233)
Citation 4

Abstract:

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Institutional investors; equity analysts; local bias; informational advantage

79.

Heterogeneous Beliefs and Return Volatility Around Seasoned Equity Offerings

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 49 Posted: 28 Feb 2017 Last Revised: 11 May 2020
Ann Marie Hibbert, Qiang Kang, Alok Kumar and Suchi Mishra
West Virginia University - John Chambers College of Business and Economics, Department of Finance, Florida International University (FIU) - Department of Finance, University of Miami - Miami Herbert Business School and Florida International University (FIU) - Department of Finance
Downloads 282 (227,328)
Citation 4

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Return Volatility; SEOs; Analyst Forecast Dispersion; Trade-based Heterogeneity in Beliefs; Short Selling

80.

Do Hedge Fund Managers Understand Politics? Political Sensitivity and Investment Skill

University of Miami Business School Research Paper No. 2865206
Number of pages: 68 Posted: 08 Nov 2016 Last Revised: 06 Aug 2020
Honghui Chen, Alok Kumar, Yan Lu and Ajai K. Singh
Department of Finance, University of Central Florida, University of Miami - Miami Herbert Business School, University of Central Florida - College of Business Administration and Department of Finance, University of Central Florida
Downloads 272 (235,865)
Citation 2

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Hedge funds, political sensitivity, Presidential elections, portfolio adjustments, performance evaluation, managerial skill.

81.

Contagious Negative Sentiment and Corporate Policies: Evidence from Local Bankruptcy Filings

Paris December 2014 Finance Meeting EUROFIDAI - AFFI Paper
Number of pages: 47 Posted: 04 Sep 2014
Jawad M. Addoum, Alok Kumar and Nhan Le
Cornell SC Johnson College of Business, University of Miami - Miami Herbert Business School and Australian National University
Downloads 269 (238,543)
Citation 1

Abstract:

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Local bankruptcy, Corporate policies

82.

It Takes Two to Tango: Spousal Risk Preferences and CEO Risk-Taking Behavior

University of Miami Business School Research Paper No. 4037025
Number of pages: 49 Posted: 06 Apr 2022 Last Revised: 26 Apr 2024
Constantinos Antoniou, Carina Cuculiza, Alok Kumar and Lizhengbo Yang
University of Warwick - Warwick Business School, Oklahoma State University - Stillwater - Spears School of Business, University of Miami - Miami Herbert Business School and Capital University of Economics and Business
Downloads 263 (244,027)
Citation 2

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Cultural norms, corporate risk-taking, spousal risk preferences, collectivism, household finance.

83.

Heterogeneity in Prenatal Adversity and Portfolio Decisions During Adulthood

Number of pages: 80 Posted: 28 Apr 2023 Last Revised: 08 Sep 2024
Oguz Ersan, Serif Aziz Simsir, Vidhi Chhaochharia and Alok Kumar
Kadir Has University, International Trade and Finance, Faculty of Economics, Administrative and Social Sciences, Sabanci University, University of Miami - Department of Finance and University of Miami - Miami Herbert Business School
Downloads 257 (249,775)

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Prenatal stress, fetal origins hypothesis, earthquakes, investment decisions., market participation, investor behavior

84.

Blinded by Lottery Preferences? Earnings News, Gambling-Motivated Trading, and Informational Efficiency

Number of pages: 77 Posted: 03 Nov 2023 Last Revised: 10 Sep 2024
Vidhi Chhaochharia, Jiaqi Guo, Xing Han and Alok Kumar
University of Miami - Department of Finance, Birmingham Business School, University of Auckland Business School and University of Miami - Miami Herbert Business School
Downloads 244 (263,092)

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Information avoidance, gambling preference, lottery-type stocks, earnings news, informational efficiency.

85.

The Inflation Gamble

Number of pages: 73 Posted: 17 Dec 2024 Last Revised: 17 Jan 2025
Yosef Bonaparte, George M. Korniotis, Alok Kumar and Melina Murren Vosse
University of Colorado at Denver - Department of Finance, University of Miami - Department of Finance, University of Miami - Miami Herbert Business School and University of San Diego - Department of Finance
Downloads 229 (279,741)

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Inflation, skewness preference, lottery stocks, gambling, mispricing, idiosyncratic volatility JEL classification: G12

86.

Cosearch Attention and Stock Return Predictability in Supply-Chains

Ashish Agarwal, Alvin Chung Man Leung, Prabhudev Konana, Alok Kumar (2017) Cosearch Attention and Stock Return Predictability in Supply Chains, Information Systems Research, DOI: doi/10.1287/isre.2016.0656 (Forthcoming)
Number of pages: 60 Posted: 30 Mar 2017
Ashish Agarwal, Alvin Leung, Prabhudev Konana and Alok Kumar
University of Texas at Austin - McCombs School of Business, City University of Hong Kong (CityU) - Department of Information Systems, University of Texas at Austin - Department of Information, Risk and Operations Management and University of Miami - Miami Herbert Business School
Downloads 216 (295,873)
Citation 16

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online search, correlated search, user attention, network analysis, stock returns, supply chain

87.

Big Fish in a Small Pond: Locally-Dominant Firms and the Business Cycle

Journal of Economic Behavior & Organization, Volume 180, December 2020
Number of pages: 82 Posted: 14 Dec 2016 Last Revised: 29 Oct 2020
Sima Jannati, George M. Korniotis and Alok Kumar
University of Texas at Arlington, University of Miami - Department of Finance and University of Miami - Miami Herbert Business School
Downloads 215 (297,133)
Citation 1

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Idiosyncratic shocks; state-level business cycle; U.S. business cycle; economic contagion

88.

Accounting for Financial Distress

University of Miami Business School Research Paper No. 4318845
Number of pages: 57 Posted: 09 Jan 2023
Asad Kausar, Alok Kumar and Richard Taffler
American University - Kogod School of Business, University of Miami - Miami Herbert Business School and University of Warwick - Finance Group
Downloads 214 (298,502)

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financial distress, gambling, lottery-type stocks, retail investors, market under-reaction, going concern audit report.

89.

Seeing is Believing: Tourism and Foreign Equity Investments

Number of pages: 69 Posted: 13 Nov 2018 Last Revised: 11 Nov 2024
Constantinos Antoniou, Carina Cuculiza, Alok Kumar and Lizhengbo Yang
University of Warwick - Warwick Business School, Oklahoma State University - Stillwater - Spears School of Business, University of Miami - Miami Herbert Business School and Capital University of Economics and Business
Downloads 212 (301,185)
Citation 2

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International tourism, foreign equity investments, home bias, endogeneity tests, familiarity

90.

A Computational Analysis of the Core of a Trading Economy with Three Competitive Equilibria and a Finite Number of Traders

Number of pages: 25 Posted: 12 Sep 2001
Martin Shubik and Alok Kumar
Yale University - School of Management and University of Miami - Miami Herbert Business School
Downloads 197 (322,587)

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Core, Multiple competitive equilibria, Speed of convergence, Sensitivity Analysis.

91.

Mortality, Demographic Changes, and Financial Market Outcomes

University of Miami Business School Research Paper No. 4310155
Number of pages: 73 Posted: 27 Dec 2022 Last Revised: 16 Jul 2024
Alok Kumar, Ville Rantala and Claudio Rizzi
University of Miami - Miami Herbert Business School, University of Miami - Department of Finance and University of Navarra - Finance
Downloads 192 (330,281)

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Mortality, obituaries, aging, mutual fund flows, return predictability, household finance

92.

Gender-Performance Relation in Competitive But Supportive Work Environments: Evidence From Wall Street

University of Miami Business School Research Paper No. 4478781
Number of pages: 38 Posted: 21 Jun 2023
Vidhi Chhaochharia, Alok Kumar and Shiyi Zhang
University of Miami - Department of Finance, University of Miami - Miami Herbert Business School and University of Technology Sydney (UTS)
Downloads 166 (376,023)

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Gender diversity, competition, local gender norms, equity analysts, forecast quality, brokerage changes

93.

Discrimination and Economic Expectations

Number of pages: 47 Posted: 29 Jul 2022 Last Revised: 12 May 2023
William Bazley, Yosef Bonaparte, George M. Korniotis and Alok Kumar
University of Kansas, University of Colorado at Denver - Department of Finance, University of Miami - Department of Finance and University of Miami - Miami Herbert Business School
Downloads 155 (398,737)

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Economic expectations, discrimination, racial/ethnic minorities, inflation, income growth uncertainty.

94.

Diverse Informational Roles of Diversity and Analyst Behavior

Number of pages: 67 Posted: 28 Jul 2022 Last Revised: 26 Sep 2023
Vidhi Chhaochharia, Alok Kumar and Shiyi Zhang
University of Miami - Department of Finance, University of Miami - Miami Herbert Business School and University of Technology Sydney (UTS)
Downloads 152 (405,304)

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Equity analysts, racial/ethnic diversity, informational diversity, earnings predictability, forecast consistency.

95.

Learning from Local Analysts

University of Miami Business School Research Paper No. 4986874
Number of pages: 47 Posted: 06 Nov 2024 Last Revised: 06 Dec 2024
Söhnke M. Bartram, Vidhi Chhaochharia, Alok Kumar and Hongwei Mo
University of Warwick, University of Miami - Department of Finance, University of Miami - Miami Herbert Business School and University of Oxford - Said Business School
Downloads 148 (414,253)

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Sell-side equity analysts, observational learning, earnings forecast, local informational advantage, forecast accuracy

96.

Variations on the Theme of Scarf's Counter-Example

Number of pages: 23 Posted: 30 Nov 2001
Martin Shubik and Alok Kumar
Yale University - School of Management and University of Miami - Miami Herbert Business School
Downloads 141 (430,456)
Citation 3

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Scarf's counter-example, Price adjustment mechanism, Feedback Controller, Multiple competitive equilibria, Stability

97.

Gambling in the Market? Accounting for the Financial Distress Puzzle

University of Miami Business School Research Paper No. 4825041
Number of pages: 56 Posted: 11 May 2024
Asad Kausar, Alok Kumar and Richard Taffler
American University - Kogod School of Business, University of Miami - Miami Herbert Business School and University of Warwick - Finance Group
Downloads 92 (589,575)

Abstract:

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Financial distress, lottery-type stocks, retail investors, market under-reaction, going concern audit report.

98.

Self-Selection and the Forecasting Abilities of Female Equity Analysts

Journal of Accounting Research, Forthcoming
Posted: 15 Nov 2007 Last Revised: 06 Oct 2009
Alok Kumar
University of Miami - Miami Herbert Business School

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Female analysts, earnings forecasts, market reaction, career mobility, gender bias, media coverage, self-selection.

99.

Foreign Investments of U.S. Individual Investors: Causes and Consequences

Management Science, Forthcoming
Posted: 07 Sep 2007
Warren Bailey, Alok Kumar and David T. Ng
Cornell University, University of Miami - Miami Herbert Business School and Johnson College of Business

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Individual investors, diversification, home bias, local bias, over-confidence