Publications and Forthcoming Articles

Insider Trading Restrictions and Informed Trading in Peer Stocks (with Jayanthi Sunder and Aditi Khatri), 2024, Forthcoming Management Science

Financial Inclusion Helps Rural Households Address Climate Risk (with Ashwini Chhatre, Javed Mohib, and Deepanshi Bhardwaj), 2023, Nature - Scientific Reports 13,  7929.   doi:10.1038/s41598-023-34844-y

Media coverage: The Hindu | DownToEarth | The New Indian Express

 Video Summary

Funding Liquidity and Market Liquidity in Government Bonds (with Timothy C. Johnson), 2021, Journal of Banking & Finance, 129.  doi: 10.1016/j.jbankfin.2021.106165

How does regret affect investor behaviour? Evidence from Chinese stock markets (with  Deng Pan,  Fei Wu, and  Hongfeng Zhou), 2021, Accounting & Finance 61(S1), pp 1851-1896.  doi: 10.1111/acfi.12646

Video Summary 

Signal on the Margin: Behavior of Levered Investors and Future Economic Conditions (with Nitin Kumar and Jeramia Poland), 2020, Review of Finance 24(5), pp 1039–1077.  doi: 10.1093/rof/rfaa006

Market Liquidity and Flow-Driven Risk (with Timothy Johnson), 2011, Review of Financial Studies 24 (3), pp 721-753. doi: 10.1093/rfs/hhq132

Liquidity Effects in OTC Options Markets: Premium or Discount? (with Anurag Gupta and Marti G. Subrahmanyam), 2011, Journal of Financial Markets 14, pp 127-160. doi:10.1016/j.finmar.2010.08.003

The Good or The Bad? Which Mutual Fund managers Join Hedge Funds? (with Joshua Pollet, Z. Jay Wang, and Lu Zheng)), 2011, Review of Financial Studies 24 (9), pp 3008-3024. doi: 10.1093/rfs/hhr057

The Economic Determinants of Interest Rate Option Smiles (with Anurag Gupta and Marti G Subrahmanyam), 2008, Journal of Banking and Finance 32(5), pp 714-728. doi: 10.1016/j.jbankfin.2007.05.012

Working Papers

Who Buys Cryptos During Uncertain Times? (with Vasudha Nukala and Vasundhara Sharma)

Day Traders, Noise, and Cost of Immediacy (with Manoj Dalvi, Lawrence R. Glosten, and Ravi Jagannathan) NBER Working Paper No. w31127

Retail Bubble Riders (with Shubham Upadhyay and Darya Yuferova)

Intraday Proprietary Traders and Short-term Mispricing (with V Ravi Anshuman, K V Subramanian, and Ram Thirumalai)

Speculative Media Tone and Long-term Return Reversals (with K R Subramanyam and Peeyush Taori)

Wisdom of Crowds? Equity Crowdfunding and Startup Performance (with Abhishek Bhatia, Deepa Mani, and Anand Nandkumar)

Extrapolative Expectations: Implications for Volatility and Liquidity

The Dynamics of Hedge Fund Fees (with Z. Jay Wang, Youchang Wu, and Quoc H. Nguyen)