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Dive into the research topics where Atul Rai is active.

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Featured researches published by Atul Rai.


Journal of Accounting, Auditing & Finance | 2000

A Free Cash Flow Investment Anomaly

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

The Relative Option to Stock Volume and Market Response to Earnings Surprises

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

Intra-year shifts in the earnings distribution and their implications for earnings management

Joseph Kerstein; Atul Rai


International Journal of Disclosure and Governance | 2009

Internet financial reporting: An examination of current practice

John A Pendley; Atul Rai


Investment management & financial innovations | 2017

Measurement of efficiency in the airline industry using data envelopment analysis

Atul Rai


Journal of Accounting and Public Policy | 2018

Reexamination of earnings management before and after SOX: Evidence from SEC staff accounting bulletins 99-100

Joseph Kerstein; Atul Rai


Investment management & financial innovations | 2017

Working Capital Accruals and Earnings Management

Joseph Kerstein; Atul Rai


International Journal of Disclosure and Governance | 2014

Market Reactions to Wells Notice: An Empirical Analysis

S.M. Khalid Nainar; Atul Rai; Semih Tartaroglu


Archive | 2012

An Examination of Whether Firms Alter the Normal Evolution of Fourth Quarter Earnings to Avoid Losses

Joseph Kerstein; Atul Rai


Archive | 2010

Earnings Management? Erroneous Inferences Based on Earnings Frequency Distribution: A Reply to Durtschi and Easton (2009)

Joseph Kerstein; Atul Rai

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