Published Journal Articles

1. Collins, D, W., Kothari, S., Rayburn J., 1987, Firm Size and the Information Content of Prices with Respect to Earnings, Journal of Accounting and Economics 9, 111-138.

2. Kothari, S., Lys, T., Smith, C., and Watts, R., 1988. Auditor Liability and Information Disclosure, with, Journal of Accounting, Auditing and Finance 3, 307-339.

3. Handa, P., Kothari, S., and Wasley, C., 1989, The Relation Between the Return Interval and Betas: Implications for the Size-Effect, Journal of Financial Economics 23, 79-100.

4. Kothari, S., Wasley, C., 1989, Measuring Security Price Performance in Size Clustered Samples, The Accounting Review 64, 228-249.

5. Collins, D., Kothari, S., 1989, An Analysis of the Cross-sectional and Intertemporal Determinants of Earnings Response Coefficients, Journal of Accounting and Economics 11, 143-181.

6. Ball, R., Kothari, S., 1989, Nonstationary Expected Returns: Implications for Tests of Market Efficiency and Serial Correlation in Returns, Journal of Financial Economics 25, 51-74.

7. Ball, R., Kothari, S., 1991, Security Returns Around Earnings Announcements, The Accounting Review 66, 718-738.

8. Kothari, S., Sloan, R., 1992, Information in Prices About Future Earnings: Implications for Earnings Response Coefficients, Journal of Accounting and Economics 15, 143-171.

9. Kothari, S., Shanken, J., 1992, Stock Return Variation and Expected Dividends: A Time-Series and Cross-Sectional Analysis, Journal of Financial Economics 31, 177-210.

10. Kothari, S., 1992, Price-Earnings Regressions in the Presence of Prices Leading Earnings: Earnings Level versus Change Specification and Alternative Deflators, Journal of Accounting & Economics 15, 173-202.

11. Ball, R., Kothari, S., and Watts, R., 1993, The Economics Determinants of the Relation Between Earnings Changes and Stock Returns, The Accounting Review 68, 622-638.

12. Handa, P., Kothari, S., Wasley, C., 1993 Sensitivity of Multivariate Tests of the CAPM to the Return Measurement Interval, Journal of Finance 48, 1543-1551.

13. Collins, D., Kothari, S., Shanken, J., and Sloan, R., 1994, Lack of Timeliness versus Noise as Explanations for Low Contemporaneous Return-Earnings Association, Journal of Accounting & Economics 18, 289-324.

14. Ball, R., Kothari, S., Wasley, C., 1995, Can We Implement Research on Stock Trading Rules? Journal of Portfolio Management 21, 54-63.

15. Ball, R., Kothari, S., Shanken, J., 1995, Problems in Measuring Portfolio Performance: An Application to Contrarian Investment Strategies, Journal of Financial Economics 38, 79-107.

16. Kothari, S., Shanken, J., Sloan, R., 1995, Another Look at the Cross-Section of Expected Returns, Journal of Finance 50, 185-224.

17. Kothari, S., Zimmerman, J., 1995, Price and Return Models, Journal of Accounting and Economics 20, 155-192.

18. Kothari, S., Guay, W., and Watts, R., 1996, A Market-based Evaluation of Discretionary-Accrual Models, Journal of Accounting Research Supplement 34, 83-115.

19. Kothari, S., Warner, J., 1997, Measuring Long-Horizon Security Price Performance, Journal of Financial Economics 43, 301-339.

20. Kothari, S., Shanken, J., 1997, Book-to-Market, Dividend Yield, and Expected Market Returns: a Time-Series Analysis, Journal of Financial Economics 44, 169-203.

21. Dechow, P., Kothari, S., Watts, R., 1998, The Relation Between Earnings and Cash Flows, Journal of Accounting & Economics 25, 133-168.

22. Ball, R., Kothari, S., Robin, A., 2000, The Effect of International Institutional Factors on Properties of Accounting Earnings, Journal of Accounting and Economics 29, 1-51.

23. Kothari, S., Warner, J., 2001, Evaluating Mutual Fund Performance, Journal of Finance 56, 1985-2010.

24. Hentschel, L., Kothari, S., 2001, Are Corporations Reducing or Taking Risks with Derivatives? Journal of Financial and Quantitative Analysis 36, 93-118.

25. Kothari, S., 2001, Capital Markets Research in Accounting, Journal of Accounting & Economics 31, 105-231.

26. Kothari, S., Laguerre, T., Leone, A., 2002, Capitalization versus Expensing: Evidence on the Uncertainty of Future Earnings from Capital Expenditures versus R&D Outlays, Review of Accounting Studies 7, 355-382.

27. Core, J., Guay, W., Kothari, S., 2002, The Treasury Stock Method Understates the Economic Dilution of Employee Stock Options in EPS, The Accounting Review 77, 627-652.

28. Guay, W., Kothari, S., 2003, How Much Do Firms Hedge with Derivatives? Journal of Financial Economics 70, 423-461.

29. Guay, W., Kothari, S., Sloan, R., 2003, Accounting for Employee Stock Options, American Economic Review 93, 405-409.

30. Kothari, S., Sabino, J., Zach, T., 2005, Implications of Survival and Data Trimming for Tests of Market Efficiency, Journal of Accounting & Economics 39, 129-161.

31. Kothari, S., Shanken, J., 2004, Asset Allocation with Inflation-Protected Bonds, Financial Analysts Journal 60, 54-70.

32. Kothari, S., Leone, A., Wasley, C., 2004, Performance Matched Discretionary Accrual Measures, Journal of Accounting & Economics 39, 163-197.

33. Chan, W., Kothari, S., Frankel, R., 2004, Testing Behavioral Finance Theories Using Trends and Consistency in Financial Performance, Journal of Accounting & Economics 38, 3-50.

34. Barclay, M., Gode, D., Kothari, S., 2005, Matching Delivered Performance, Journal of Contemporary Accounting & Economics 1, 1-25.

35. Frankel, R., Kothari, S., Weber, J., 2006, Determinants of the Informativeness of Analyst Research, Journal of Accounting & Economics 41, 29-54.

36. Kothari, S., Lewellen, J., Warner, J., 2006, Stock Returns, Aggregate Earnings Surprises, and Behavioral Finance, Journal of Financial Economics 79, 537-568.

37. Kolasinski, A., Kothari, S., 2009, Investment Banking and Analyst Objectivity:  Evidence from Analysts Affiliated with M&A Advisors, Journal of Financial and Quantitative Analysis.

38. Guay, W., Kothari, S., Shu, S., 2006, Properties of Implied Cost of Capital Using Analysts’ Forecasts, working paper, MIT Sloan School of Management.

39. Jin, L., Kothari, S., 2009, Effect of Personal Taxes on Managers’ Decision to Sell Unrestricted Equity, Journal of Accounting & Economics.

40. Kothari, S., Li, X., Short, J., 2009, The Effect of Disclosures by Management, Analysts, and Financial Press on the Equity Cost of Capital: A Study Using Content Analysis, The Accounting Review.

41. Kothari, S., Loutskina, E., Nikolaev, V., 2008, Agency Theory of Overvalued Equity as an Explanation for the Accrual Anomaly, working paper, MIT Sloan School of Management.

42. Kothari, S., Shu, S., Wysocki, P., 2009, Do managers withhold bad news?  Journal of Accounting Research.

 

Working Papers

1. Ball, R., Kothari, S., Nikolaev, V., 2009, Econometrics of the Basu Asymmetric Timeliness Coefficient and Accounting Conservatism, working paper, MIT Sloan School of Management.

2. DeFranco, G., Kothari, S., Verdi, R., 2009, The Value of Earnings Comparability, working paper, MIT Sloan School of Management.

3. Guay, W., Kothari, S., Loktionov, Y., 2008, Accounting for Derivatives in Emerging Market Economies, working paper, MIT Sloan School of Management.

4. Kothari, S., Ramanna, K., Skinner, D., 2009, Implications for GAAP from an Analysis of Positive Research in Accounting, working paper, MIT Sloan School of Management.

 

Discussions, and Research In Professional Journals, Books, and Monographs

1. Kothari, S., Shanken, J., 1993. Fundamentals Largely Explain Stock Price Volatility. Journal of Applied Corporate Finance 6, 81-87.

2. Kothari, S., Shanken, J., 1993. Growth Rates, Not Levels. Journal of Applied Corporate Finance 6, 111-112.

3. Kothari, S., Shanken, J., 1995. In Defense of Beta. Journal of Applied Corporate Finance 8, 53-58.

4. Kothari, S., Shanken, J., 1999. Beta and Book-to-Market: Is the Glass Half Full or Half Empty, in: D. B. Keim and W.T. Ziemba, eds.: Security Market Imperfections in Worldwide Equity Markets (Cambrideg, U.K.: Cambridge University Press).

5. Kothari, S., 2000, Discussion of “The Relation Between Analysts’ Forecasts of Long-Term Earnings Growth and Stock Price Performance Following Equity Offerings,” Contemporary Accounting Research 17, 33-39.

6. Kothari, S., Role of Financial Reporting in Reducing Financial Risks in the Market, 2000, in Eric Rosengren and John Jordan, eds.: Building an Infrastructure for Financial Stability (Federal Reserve Bank of Boston, pp. 89-102).

7. Kothari, S., Shanken, J., 2002. Monograph on Anomalies and Asset Allocation. Association of Investment Management Research, Charlottesville, VA.

8. Kothari, S., Shanken, J., 2003, Time-series coefficient variation in Value-Relevance Regressions: A Discussion of Core, Guay, and Van Buskirk and New Evidence, Journal of Accounting & Economics 34, 69-87.

9. Kothari, S., Warner, J., 2006, Econometrics of Event Studies, in Espen Eckbo, Ed., Handbook of Empirical Corporate Finance, Elsevier-North-Holland.


BOOKS

Financial Statement Analysis, Edited by Ball, R. and S.P. Kothari, McGraw-Hill, 1994.

Contemporary Accounting Research: Synthesis and Critique, Edited by S.P. Kothari, Thomas Z. Lys, Douglas J. Skinner, Watts, R., and Jerold L. Zimmerman