Search Results - "BHATTACHARYA, UTPAL"

Penny Wise, Dollar Foolish: Buy-Sell Imbalances On and Around Round Numbers by Bhattacharya, Utpal, Holden, Craig W., Jacobsen, Stacey

“…This paper provides evidence that stock traders focus on round numbers as cognitive reference points for value. Using a random sample of more than 100 million…”
Get full text

The World Price of Earnings Opacity by Bhattacharya, Utpal, Daouk, Hazem, Welker, Michael

“…We analyze financial statements from 34 countries for the period 1984-1998 to construct a panel data set measuring three dimensions of reported accounting…”
Get full text

The Role of the Media in the Internet IPO Bubble by Bhattacharya, Utpal, Galpin, Neal, Ray, Rina, Yu, Xiaoyun

“…We read all news items that came out between 1996 and 2000 on 458 Internet initial public offerings (IPOs) and a matching sample of 458 non-Internet IPOs (a…”
Get full text

The Share Repurchase Announcement Puzzle: Theory and Evidence by Bhattacharya, Utpal, E. Jacobsen, Stacey

“…Why is the mere announcement of an open-market share repurchase program, which involves no commitment to purchase shares, regarded as good news by the market?…”
Get full text

What Affects Innovation More: Policy or Policy Uncertainty? by Bhattacharya, Utpal, Hsu, Po-Hsuan, Tian, Xuan, Xu, Yan

“…Motivated by a theoretical model, we examine for 43 countries whether it is policy or policy uncertainty that affects technological innovation more. Innovation…”
Get full text

Insider Trading Controversies: A Literature Review by Bhattacharya, Utpal

“…Using the artifice of a hypothetical trial, this article presents the cases for and against insider trading. Both sides in the trial produce as evidence the…”
Get full text

Do Women Receive Worse Financial Advice? by BHATTACHARYA, UTPAL, KUMAR, AMIT, VISARIA, SUJATA, ZHAO, JING

“…ABSTRACT We arranged for trained undercover men and women to pose as potential clients and visit all 65 local financial advisory firms in Hong Kong. At…”
Get full text

The advantage to hiding one's hand: Speculation and central bank intervention in the foreign exchange market by Bhattacharya, Utpal, Weller, Paul

“…We analyze an asymmetric information model of sterilized intervention in the foreign exchange market. We characterize an equilibrium in which a central bank…”
Get full text

Spillovers in Prices: The Curious Case of Haunted Houses by Bhattacharya, Utpal, Huang, Daisy, Nielsen, Kasper Meisner

“…Exploiting the unique institutional setting of Hong Kong’s real estate market, we uncover a curious ripple effect of haunted houses on the prices of nearby…”
Get full text

Conflicting Family Values in Mutual Fund Families by BHATTACHARYA, UTPAL, LEE, JUNG H., POOL, VERONIKA K.

“…We analyze the investment behavior of affiliated funds of mutual funds (AFoMFs), which are mutual funds that can only invest in other funds in the family, and…”
Get full text

Is Unbiased Financial Advice to Retail Investors Sufficient? Answers from a Large Field Study by Bhattacharya, Utpal, Hackethal, Andreas, Kaesler, Simon, Loos, Benjamin, Meyer, Steffen

“…Working with one of the largest brokerages in Germany, we record what happens when unbiased investment advice is offered to a random set of approximately 8,000…”
Get full text

Do Superstitious Traders Lose Money? by Bhattacharya, Utpal, Kuo, Wei-Yu, Lin, Tse-Chun, Zhao, Jing

“…Do superstitious traders lose money? We answer this question in the context of trading in the Taiwan Futures Exchange, where we exploit the Chinese…”
Get full text

The World Price of Insider Trading by Bhattacharya, Utpal, Daouk, Hazem

“…The existence and the enforcement of insider trading laws in stock markets is a phenomenon of the 1990s. A study of the 103 countries that have stock markets…”
Get full text

Follow the money: Investor trading around investor-paid credit rating changes by Bhattacharya, Utpal, Wei, Kelsey D., Xia, Han

“…Using institutional equity trading data, we find that a set of small institutional investors consistently follow credit ratings issued by an investor-paid…”
Get full text

Firm Mortality and Natal Financial Care by Bhattacharya, Utpal, Borisov, Alexander, Yu, Xiaoyun

“…We construct a mortality table for U.S. public companies during 1985–2006. We find that the age-specific mortality rates of firms initially increase, peaking…”
Get full text

The Global Rise of the Value-Weighted Portfolio by Bhattacharya, Utpal, Galpin, Neal

“…We first develop a theory-based metric to judge the popularity of value weighting in a stock market. We then use our metric to document that although value…”
Get full text

Abusing ETFs by Bhattacharya, Utpal, Loos, Benjamin, Meyer, Steffen, Hackethal, Andreas

“…Using data from a large German brokerage, we find that individuals investing in passive exchange-traded funds (ETFs) do not improve their portfolio…”
Get full text

Melting pot or salad bowl: Some evidence from U.S. investments abroad by Bhattacharya, Utpal, Groznik, Peter

“…We estimate the number of foreign-origin persons in the United States classified by their country of origin from census data in 1970, 1980, 1990 and 2000. We…”
Get full text

When No Law is Better Than a Good Law by Bhattacharya, Utpal, Daouk, Hazem

“…This paper argues, both theoretically and empirically, that sometimes no securities law may be better than a good securities law that is not enforced. The…”
Get full text

The Home Court Advantage in International Corporate Litigation by Bhattacharya, Utpal, Galpin, Neal, Haslem, Bruce

“…Using a comprehensive sample of 2,361 public U.S. corporate defendants and 715 public foreign corporate defendants in U.S. federal courts in the period…”
Get full text