Alok Kumar

Professor

  • 2757 Citations
1993 …2019
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Research Output 1993 2019

  • 2757 Citations
  • 45 Article
  • 5 Conference contribution
  • 1 Chapter
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Article
2019

An analyst by any other surname: Surname favorability and market reaction to analyst forecasts

Jung, J. H., Kumar, A., Lim, S. S. & Yoo, C. Y., Jan 1 2019, In : Journal of Accounting and Economics.

Research output: Contribution to journalArticle

Analysts
Market reaction
Analysts' forecasts
Forecast revisions
Career outcomes

Income Hedging, Dynamic Style Preferences, and Return Predictability

Addoum, J. M., Delikouras, S., Korniotis, G. & Kumar, A., Jan 1 2019, In : Journal of Finance.

Research output: Contribution to journalArticle

Hedging
Income
Return predictability
Dynamic hedging
Factors

Investor sophistication and asset prices

Korniotis, G. M., Kumar, A. & Page, J. K., Jan 1 2019, (Accepted/In press) In : Review of Financial Economics.

Research output: Contribution to journalArticle

Investor sophistication
Asset prices
Investors
Headquarters
Retail
2018

Mood, firm behavior, and aggregate economic outcomes

Chhaochharia, V., Kim, D., Korniotis, G. M. & Kumar, A., Jan 1 2018, (Accepted/In press) In : Journal of Financial Economics.

Research output: Contribution to journalArticle

Mood
Economics
Firm behavior
Managers
Hiring decisions
1 Citation (Scopus)

Underreaction to Political Information and Price Momentum

Addoum, J. M., Delikouras, S., Ke, D. & Kumar, A., Jan 1 2018, (Accepted/In press) In : Financial Management.

Research output: Contribution to journalArticle

Industry
Underreaction
Price momentum
Momentum
Momentum profits
2017
3 Citations (Scopus)

Cosearch attention and stock return predictability in supply chains

Agarwal, A., Leung, A. C. M., Konana, P. & Kumar, A., Jun 1 2017, In : Information Systems Research. 28, 2, p. 265-288 24 p.

Research output: Contribution to journalArticle

Supply chains
supply
firm
investor
Supply chain
8 Citations (Scopus)

Network analysis of search dynamics: The case of stock habitats

Leung, A. C. M., Agarwal, A., Konana, P. & Kumar, A., Aug 1 2017, In : Management Science. 63, 8, p. 2667-2687 21 p.

Research output: Contribution to journalArticle

Network analysis
Habitat
Assets
Stock returns
Information use
5 Citations (Scopus)

Political climate, optimism, and investment decisions

Bonaparte, Y., Kumar, A. & Page, J. K., Jun 1 2017, In : Journal of Financial Markets. 34, p. 69-94 26 p.

Research output: Contribution to journalArticle

Climate
Economic conditions
Investment decision
Optimism
Investors
7 Citations (Scopus)

Stature, obesity, and portfolio choice

Addoum, J. M., Korniotis, G. & Kumar, A., Oct 1 2017, In : Management Science. 63, 10, p. 3393-3413 21 p.

Research output: Contribution to journalArticle

Portfolio choice
Obesity
Body mass index
Participation
Data sources
2016
5 Citations (Scopus)

Analysts, macroeconomic news, and the benefit of active in-house economists

Hugon, A., Kumar, A. & Lin, A. P., Mar 1 2016, In : Accounting Review. 91, 2, p. 513-534 22 p.

Research output: Contribution to journalArticle

Macroeconomic news
Analysts
Economists
Cyclicality
News
15 Citations (Scopus)

Gambling and Comovement

Kumar, A., Page, J. K. & Spalt, O. G., Feb 1 2016, In : Journal of Financial and Quantitative Analysis. 51, 1, p. 85-111 27 p.

Research output: Contribution to journalArticle

Investors
Comovement
Lottery
Gambling
Propensity
14 Citations (Scopus)

Political contributions and analyst behavior

Jiang, D., Kumar, A. & Law, K. K. F., Mar 1 2016, In : Review of Accounting Studies. 21, 1, p. 37-88 52 p.

Research output: Contribution to journalArticle

Analysts
Political contributions
Stock prices
Upgrade
Stock market
10 Citations (Scopus)

Political sentiment and predictable returns

Addoum, J. M. & Kumar, A., 2016, In : Review of Financial Studies. 29, 12, p. 3471-3518 48 p.

Research output: Contribution to journalArticle

Predictability
Sentiment
Industry
Stock prices
Climate
2015
20 Citations (Scopus)

Home away from Home: Geography of Information and Local Investors

Bernile, G., Kumar, A. & Sulaeman, J., Jul 1 2015, In : Review of Financial Studies. 28, 7, p. 2009-2049 41 p.

Research output: Contribution to journalArticle

Geography
Investors
Institutional investors
Information asymmetry
Headquarters
5 Citations (Scopus)

Local Business Cycles and Local Liquidity

Bernile, G., Korniotis, G., Kumar, A. & Wang, Q., Dec 11 2015, (Accepted/In press) In : Journal of Financial and Quantitative Analysis. p. 1-24 24 p.

Research output: Contribution to journalArticle

Business cycles
Liquidity
Institutional ownership
Capital markets
Local economy
22 Citations (Scopus)

Political values, culture, and corporate litigation

Hutton, I., Jiang, D. & Kumar, A., Dec 1 2015, In : Management Science. 61, 12, p. 2905-2925 21 p.

Research output: Contribution to journalArticle

Litigation
Political culture
Ideology
Labor
Propensity
37 Citations (Scopus)

Weather-induced mood, institutional investors, and stock returns

Goetzmann, W. N., Kim, D., Kumar, A. & Wang, Q., Jan 1 2015, In : Review of Financial Studies. 28, 1, p. 73-111 39 p.

Research output: Contribution to journalArticle

Stock returns
Weather
Mood
Institutional investors
Investors
12 Citations (Scopus)

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

Kumar, A., Niessen-Ruenzi, A. & Spalt, O. G., Aug 1 2015, In : Review of Financial Studies. 28, 8, p. 2281-2321 41 p.

Research output: Contribution to journalArticle

Mutual fund flows
Managers
Investors
Investment choice
Mutual funds
2014
62 Citations (Scopus)

Corporate policies of republican managers

Hutton, I., Jiang, D. & Kumar, A., Jul 7 2014, In : Journal of Financial and Quantitative Analysis. 49, 5-6, p. 1279-1310 32 p.

Research output: Contribution to journalArticle

Corporate policy
Managers
Chief executive officer
Profitability
Conservatism
12 Citations (Scopus)

Deviations from norms and informed trading

Kumar, A. & Page, J. K., Aug 5 2014, In : Journal of Financial and Quantitative Analysis. 49, 4, p. 1005-1037 33 p.

Research output: Contribution to journalArticle

Informed trading
Deviation
Abnormal returns
Investment choice
Managers
18 Citations (Scopus)

Income hedging and portfolio decisions

Bonaparte, Y., Korniotis, G. & Kumar, A., 2014, In : Journal of Financial Economics. 113, 2, p. 300-324 25 p.

Research output: Contribution to journalArticle

Income
Hedging
Propensity
Proportion
Assets
2013
36 Citations (Scopus)
Investors
Psychological
Clientele
Benchmark
Demographics
32 Citations (Scopus)

Information valuation and confirmation bias in virtual communities: Evidence from stock message boards

Park, J., Konana, P., Gu, B., Kumar, A. & Raghunathan, R., Oct 22 2013, In : Information Systems Research. 24, 4, p. 1050-1067 18 p.

Research output: Contribution to journalArticle

virtual community
investor
Economics
market
behavior expectation
31 Citations (Scopus)

Investor sentiment and return comovements: Evidence from stock splits and headquarters changes

Kumar, A., Page, J. K. & Spalt, O. G., Jul 2013, In : Review of Finance. 17, 3, p. 921-953 33 p.

Research output: Contribution to journalArticle

Headquarters
Comovement
Stock splits
Investor sentiment
Retail
20 Citations (Scopus)

Political activism, information costs, and stock market participation

Bonaparte, Y. & Kumar, A., Mar 2013, In : Journal of Financial Economics. 107, 3, p. 760-786 27 p.

Research output: Contribution to journalArticle

Information costs
Activism
Stock market participation
News
Propensity
82 Citations (Scopus)

Speculative retail trading and asset prices

Han, B. & Kumar, A., Apr 2013, In : Journal of Financial and Quantitative Analysis. 48, 2, p. 377-404 28 p.

Research output: Contribution to journalArticle

Retail
Asset prices
Proportion
Investors
Lottery
40 Citations (Scopus)

State-Level Business Cycles and Local Return Predictability

Korniotis, G. & Kumar, A., Jun 2013, In : Journal of Finance. 68, 3, p. 1037-1096 60 p.

Research output: Contribution to journalArticle

Return predictability
Business cycles
Mispricing
Predictability
Geography
2012
58 Citations (Scopus)

Local investors and corporate governance

Chhaochharia, V., Kumar, A. & Niessen-Ruenzi, A., Aug 2012, In : Journal of Accounting and Economics. 54, 1, p. 42-67 26 p.

Research output: Contribution to journalArticle

Corporate governance
Investors
Propensity
Ownership
Internal governance
2011
90 Citations (Scopus)

Behavioral biases of mutual fund investors

Bailey, W., Kumar, A. & Ng, D., Oct 2011, In : Journal of Financial Economics. 102, 1, p. 1-27 27 p.

Research output: Contribution to journalArticle

Behavioral biases
Investors
Mutual funds
Brokerage
News
19 Citations (Scopus)

Do behavioral biases adversely affect the macro-economy?

Korniotis, G. & Kumar, A., May 2011, In : Review of Financial Studies. 24, 5, p. 1513-1559 47 p.

Research output: Contribution to journalArticle

Macroeconomy
Behavioral biases
Risk sharing
Investors
Financial markets
131 Citations (Scopus)

Do older investors make better investment decisions?

Korniotis, G. & Kumar, A., Feb 2011, In : Review of Economics and Statistics. 93, 1, p. 244-265 22 p.

Research output: Contribution to journalArticle

investor
ethnic group
low income
Investors
Investment decision
164 Citations (Scopus)

Religious beliefs, gambling attitudes, and financial market outcomes

Kumar, A., Page, J. K. & Spalt, O. G., Dec 2011, In : Journal of Financial Economics. 102, 3, p. 671-708 38 p.

Research output: Contribution to journalArticle

Gambling
Financial markets
Propensity
Lottery
Investors
2010
56 Citations (Scopus)

Self-selection and the forecasting abilities of female equity analysts

Kumar, A., May 2010, In : Journal of Accounting Research. 48, 2, p. 393-435 43 p.

Research output: Contribution to journalArticle

Self-selection
Equity
Analysts
Labour market
Brokerage
143 Citations (Scopus)

The idiosyncratic volatility puzzle: Time trend or speculative episodes

Brandt, M. W., Brav, A., Graham, J. R. & Kumar, A., Feb 2010, In : Review of Financial Studies. 23, 2, p. 863-899 37 p.

Research output: Contribution to journalArticle

Idiosyncratic volatility
Time trends
Retail
Ownership
Investors
2009
31 Citations (Scopus)

Dynamic style preferences of individual investors and stock returns

Kumar, A., Jun 2009, In : Journal of Financial and Quantitative Analysis. 44, 3, p. 607-640 34 p.

Research output: Contribution to journalArticle

Stock returns
Individual investors
Investors
Return predictability
Innovation
96 Citations (Scopus)

Hard-to-value stocks, behavioral biases, and informed trading

Kumar, A., Dec 2009, In : Journal of Financial and Quantitative Analysis. 44, 6, p. 1375-1401 27 p.

Research output: Contribution to journalArticle

Value stocks
Informed trading
Behavioral biases
Uncertainty
Investors
361 Citations (Scopus)

Who gambles in the stock market?

Kumar, A., Aug 2009, In : Journal of Finance. 64, 4, p. 1889-1933 45 p.

Research output: Contribution to journalArticle

Stock market
Lottery
Gambles
Socio-economics
Propensity
2008
337 Citations (Scopus)

Equity portfolio diversification

Goetzmann, W. N. & Kumar, A., 2008, In : Review of Finance. 12, 3, p. 433-463 31 p.

Research output: Contribution to journalArticle

Equity
Diversification
Portfolio diversification
Investors
Investment choice
32 Citations (Scopus)

Foreign investments of U.S. individual investors: Causes and consequences

Bailey, W., Kumar, A. & Ng, D., Mar 2008, In : Management Science. 54, 3, p. 443-459 17 p.

Research output: Contribution to journalArticle

International trade
Foreign investment
Individual investors
Investors
Portfolio performance
56 Citations (Scopus)

How do decision frames influence the stock investment choices of individual investors?

Kumar, A. & Sonya, S. L., Jun 2008, In : Management Science. 54, 6, p. 1052-1064 13 p.

Research output: Contribution to journalArticle

Individual investors
Investment choice
Investors
Investment decision
Clustering
2007
17 Citations (Scopus)

Do the diversification choices of individual investors influence stock returns?

Kumar, A., Nov 2007, In : Journal of Financial Markets. 10, 4, p. 362-390 29 p.

Research output: Contribution to journalArticle

Diversification
Individual investors
Stock returns
Sentiment
Sample size
2006
157 Citations (Scopus)

Do dividend clienteles exist? Evidence on dividend preferences of retail investors

Graham, J. R. & Kumar, A., Jun 2006, In : Journal of Finance. 61, 3, p. 1305-1336 32 p.

Research output: Contribution to journalArticle

Dividends
Clientele
Investors
Retail
Purchase
440 Citations (Scopus)

Retail investor sentiment and return comovements

Kumar, A. & Lee, C. M. C., Oct 2006, In : Journal of Finance. 61, 5, p. 2451-2486 36 p.

Research output: Contribution to journalArticle

Comovement
Investor sentiment
Retail
Macroeconomic news
Data base
2003
2 Citations (Scopus)

A computational analysis of core convergence in a multiple equilibria economy

Kumar, A. & Shubik, M., Feb 2003, In : Games and Economic Behavior. 42, 2, p. 253-266 14 p.

Research output: Contribution to journalArticle

Competitive equilibrium
Multiple equilibria
Core convergence
Computational analysis
Traders
1998
61 Citations (Scopus)

The Dow Theory: William Peter Hamilton's track record reconsidered

Brown, S. J., Goetzmann, W. N. & Kumar, A., Aug 1998, In : Journal of Finance. 53, 4, p. 1311-1333 23 p.

Research output: Contribution to journalArticle

Neural nets
Call markets
Sharpe ratio
Chartists
Stock market