ASHISH TIWARI

Finance Department

Henry B. Tippie College of Business

The University of Iowa

Iowa City, IA 52242

Office: S308 PBB

Phone: (319) 353-2185

Fax: (319) 335-3690

ashish-tiwari@uiowa.edu

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WORKING PAPERS

• Investing in Mutual Funds with Regime Switching

• Cross Trading and the Cost of Conflicts of Interest of Mutual Fund Advisers (with Lorenzo Casavecchia)

• On the Consequences of Mutual Fund Tournaments (with Wei Li)

• A Reexamination of Optimal Contracting in the Delegated Portfolio Management Problem (with Wei Li)
• Mutual Fund Flows, Performance Persistence, and Board Quality (with Sandy Lai and Zhe Zhang)

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PUBLICATIONS

• Modeling the Cross Section of Stock Returns: A Model Pooling Approach  (with Michael O'Doherty and Gene Savin), Journal of Financial and Quantitative Analysis, forthcoming.

• On the Portfolio Properties of Real Estate in Good Times and Bad Times (with J. Sa-Aadu and James Shilling), Real Estate Economics, 2010, 38(3), 529–565.

• Incentive Contracts in Delegated Portfolio Management (with Wei Li), Review of Financial Studies, 2009, 22(11), 4681-4714.

• Testing the CAPM Revisited (with Surajit Ray and Gene Savin), Journal of Empirical Finance, 2009, 16(5), 721-733.

• Stock Return Momentum and Investor Fund Choice (with Travis Sapp), Journal of Investment Management, 4(3), 2006, 73-85.
  
• Does Stock Return Predictability Imply Improved Asset Allocation and Performance?  Evidence from the U.S. stock market (1954-2002) (with Puneet Handa), Journal of Business, 79 (5), 2006, 2423-2468.

• Does Stock Return Momentum Explain the “Smart Money” Effect? (with Travis Sapp), Journal of Finance, 59, 2004,  2605-2622.

• The Economic Value of a Trading Floor: Evidence from the American Stock Exchange (with Puneet Handa and Robert Schwartz), Journal of Business, 77 (2), 2004, 331-355.

• Quote Setting and Price Formation in an Order Driven Market (with Puneet Handa and Robert Schwartz), Journal of Financial Markets, 6, 2003, 461-489.

• Binomial Option Pricing Biases and Inconsistent Implied Volatilities (with Brent Lekvin), European Financial Management, 4, 2001, 543-562.

• Price Discovery and Price Improvement on a Primary Market: Evidence from the American Stock Exchange (with Puneet Handa and Robert Schwartz), Journal of Portfolio Management, 25(3), Spring 1999, 55-64.

• The Ecology of An Order Driven Market (with Puneet Handa and Robert Schwartz), Journal of Portfolio Management, 47-55, Winter, 1998.  French translation in Organization and Quality of Equity Markets, Didier Davydoff and Bertrand Jacquillat, editors, Presses Universitaires de France (PUF). Spanish extension and translation in Bolsa De Madrid, 18-28, Numero 60, November, 1997.

• Business Cycles and Stock Market Returns: Evidence Using Industry-Based Portfolios (with Venkat Eleswarapu), Journal of Financial Research, Spring 1996, 121-134.

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TEACHING

• Advanced Empirical Finance (Ph.D.)

• Portfolio Management (MBA)
• Alternative Investments and Portfolio Strategies (MBA)

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VITA

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Finance Department

College of Business

The University of Iowa / Tippie College of Business Administration