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Faculty and Staff

Alok  Kumar

Alok Kumar

Finance Department Chair and Gabelli Asset Management Professor of Finance

(305) 284-1882
Jenkins 514G
akumar@miami.edu


Research Interests

  • Behavioral Finance
  • Empirical Asset Pricing
  • Corporate Finance
  • Computational Economics

Selected Publications

Political Sentiment and Predictable Returns (with Jawad Addoum). Review of Financial Studies, Forthcoming.

Network Analysis of Search Dynamics: The Case of Stock Habitats (with Ashish Agarwal, Prabhudev Konana, and Alvin Leung). Management Science, Forthcoming.

Co-Search Attention and Stock Return Predictability in Supply-Chains (with Ashish Agarwal, Prabhudev Konana, and Alvin Leung). Information Systems Research, Forthcoming.

What is in a Name? Mutual Fund Flows When Managers Have Foreign Sounding Names (with Alexandra Niessen-Ruenzi and Oliver Spalt), 2015, Review of Financial Studies, 28 (8), 2281-2321.

Political Activism, Information Costs, and Stock Market Participation (with Yosef Bonaparte), 2013, Journal of Financial Economics, 107 (3), 760-786.

State-Level Business Cycles and Local Return Predictability (with George Korniotis), 2013, Journal of Finance, 68 (3), 1037-1096.

Religious Beliefs, Gambling Attitudes, and Financial Market Outcomes (with Jeremy Page and Oliver Spalt), 2011, Journal of Financial Economics, 102 (3), 671-708, 2011.

Behavioral Biases of Mutual Fund Investors (withWarren Bailey and David Ng). Journal of Financial Economics, 102 (1), 1-27, 2011. Lead Article.

Do Behavioral Biases Adversely Affect the Macro-Economy? (with George Korniotis), Review of Financial Studies, 24 (5), 1513-1559, 2011.

Do Older Investors Make Better Investment Decisions? (with George Korniotis), Review of Economics and Statistics, 93 (1), 244-265, 2011.

Self-Selection and the Forecasting Abilities of Female Equity Analysts, Journal of Accounting Research, 48 (2), 393-435, 2010.

Idiosyncratic Volatility Puzzle: Time Trend or Speculative Episodes? (with Alon Brav, Michael Brandt, and John Graham), Review of Financial Studies, 23 (2), 863-899, 2010.

Hard-To-Value Stocks, Behavioral Biases, and Informed Trading, Journal of Financial and Quantitative Analysis, 44 (6), 1375-1401, 2009.

Dynamic Style Preferences of Individual Investors and Stock Returns, Journal of Financial and Quantitative Analysis, 44 (3), 607-640, 2009.

Who Gambles in the Stock Market? Journal of Finance, 64 (4), 1889-1933, 2009.

How do Decision Frames Influence the Stock Investment Choices of Individual Investors? (with Sonya Lim), Management Science, 54 (6), 1052-1064, 2008.

Foreign Investments of U.S. Individual Investors: Causes and Consequences (with Warren Bailey and David T. Ng), Management Science, 54 (3), 443-459, 2008.

Retail Investor Sentiment and Return Comovements (with Charles Lee), Journal of Finance, 61 (5), 2451-2486, 2006.

Do Dividend Clienteles Exist? Evidence on Dividend Preferences of Retail Investors (with John Graham), Journal of Finance, 61 (3), 1305-1336, 2006.


Honors and Awards

  • Outstanding Teacher Award, Full-Time MBA Program, University of Miami., 2011
  • Guest Associate Editor, Management Science, Special Issue on Behavioral Economics and Finance, 2010
  • Faculty Honor Roll for Teaching Excellence, Undergraduate Business Council, University of Texas at Austin, Spring 2009
  • CBA Foundation Research Excellence Award for Assistant Professors, McCombs School of Business, University of Texas at Austin, 2009
  • BSI Gamma Foundation Research Grant, 2006
  • Sage Fellowship, Cornell University, 2001-03
  • Yale University Fellowship, 1998-2000

Teaching and Professional Experience

  • Gabelli Asset Management Professor of Finance, School of Business Administration, University of Miami, Coral Gables, FL, January 2011 - Present
  • Cesarano Scholar and Professor of Finance, School of Business Administration, University of Miami, Coral Gables, FL, June 2010 - December 2010
  • Associate Professor of Finance (tenured), McCombs School of Business, University of Texas at Austin, Austin, TX, September 2010 - May 2011
  • Assistant Professor of Finance, McCombs School of Business, University of Texas at Austin, Austin, TX, June 2006 - August 2010
  • Assistant Professor of Finance, Mendoza College of Business, University of Notre Dame, Notre Dame, IN, June 2003 - May 2006

Degrees

  • Ph.D., Economics, Cornell University, 2003
  • M.A., Economics, Cornell University, 2003
  • M.A., Management (Finance), Yale University, 2001
  • M.E., Engineering Management, Dartmouth College, 1993
  • M.S., Engineering Sciences (Robotics), Dartmouth College, 1992
  • B.Tech., (Hons), Mechanical Engineering , Indian Institute of Technology at Kharagpur, 1991

Specialties

  • Behavioral Finance
  • Investments
  • Corporate Finance

    School of Business Administration
    P.O. Box 248027, Coral Gables, Florida 33124-6520
 
 
TEL: 305-284-4643
FAX: 305-284-6526
 
GRADUATE: 305-284-2510
UNDERGRADUATE: 305-284-4641