Atul Rai
Wichita State University
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Publication
Featured researches published by Atul Rai.
Journal of Accounting, Auditing & Finance | 2000
Kenneth S. Hackel; Joshua Livnat; Atul Rai
This paper examines an investment strategy based on free cash flows. The strategy selects securities into a “long” portfolio that outperforms the market index, returns of similar size securities, and returns of similar risk (beta and book-to-market) securities. The portfolio includes firms that are consistent free cash flow generators, that have low financial leverage, and that sell at low free cash flow multiples.
Journal of Accounting, Auditing & Finance | 2015
Atul Rai; Semih Tartaroglu
This study examines the effect of option volume relative to stock volume (O/S) on market response to earnings surprises. The market reaction per unit of earnings surprise is lower for firms that have high O/S prior to earnings announcement than for firms with low O/S prior to earnings announcement. The difference is exacerbated for higher levels of pre-announcement returns. Results suggest informed trading by option traders stimulates preemption of the information content of earnings releases and makes earnings surprises less of a surprise. Overall, results are consistent with the view that options improve informational efficiency. Results are robust to several controls.
Journal of Accounting and Economics | 2007
Joseph Kerstein; Atul Rai
International Journal of Disclosure and Governance | 2009
John A Pendley; Atul Rai
Investment management & financial innovations | 2017
Atul Rai
Journal of Accounting and Public Policy | 2018
Joseph Kerstein; Atul Rai
Investment management & financial innovations | 2017
Joseph Kerstein; Atul Rai
International Journal of Disclosure and Governance | 2014
S.M. Khalid Nainar; Atul Rai; Semih Tartaroglu
Archive | 2012
Joseph Kerstein; Atul Rai
Archive | 2010
Joseph Kerstein; Atul Rai