Ravindra Kamath's research while affiliated with Cleveland State University and other places

Publications (25)

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In this article, the academic and personal characteristics of Accounting faculty members at Colleges and Universities in the United States are analyzed to determine the demographics of the Accounting Professorate. Data on 12 variables were collected for the 2004-2005 academic year as a means of constructing a professional profile of the typical acc...
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This study focuses on the econometric relations between daily returns and daily trading volume changes on the Santiago Stock Exchange of Chile. To meet this task, the study utilizes the data of the Selective Stock Price Index, IPSA, from January, 2003 through October, 2006. A significant contemporaneous relation is found between volume and returns....
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Named chairs in the academic field of marketing are examined for ten years providing time series and cross-sectional analysis to determine a profile of their personal characteristics and their schools.
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ABSRACT This paper presents the findings of an investigation aimed at determining teaching and research interests of U.S. finance faculty regarding the academic discipline of real estate. The paper focuses on two groups of finance faculty from six academic years spanning the 1994-2005 period. While one group consists of an exhaustive roster of titl...
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This empirical investigation examines the causal relations between daily price changes and trading volume changes on the nascent stock exchange of Istanbul, Turkey. The most recent 40-month period from January 2003 through April 2006 is the focus of this study. The long held view that rising markets tend to be accompanied by rising volume and decli...
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The paper examines the relationships between the OEX trading volume and interday and intraday trends in the corresponding S&P100 cash index for the 11-year interval, February 1984 to April 1995. The evidence is consistent with the notion that option trading has a stabilizing impact on cash markets. Specifically, interday and intraday volatility is...
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For nearly 150 years, outstanding professors at US universities have been rewarded by receiving the designation of a distinguished chair or fellow. This article examines titled positions in the academic field of finance over the ten year period, from 1994-2003, and presents time series trends and crosssectional information. The tabulated findings a...
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This paper investigates whether generic bankruptcy prediction models can maintain their validity when applied to firms from an individual industry, namely, the retail industry. The literature suggests that the classification accuracy of generic models is reduced considerably when they are applied to samples drawn from an individual industry. Our st...
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This paper examines whether generic bankruptcy prediction models can maintain their validity when applied to firms from an individual industry. The literature on the subject suggests that the classification accuracy of models based on a mixed industry sample is considerably diminished when they are applied to samples drawn from a single industry. T...
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In the 2002-2003 academic year, there were 526 accounting faculty members in the United States who held the title of named chair, distinguished professor, or fellow at their universities. In this study, the authors relied on J. R. Hasselback's "Accounting Faculty Directory 2002-2003" as the primary source for determining (a) personal profiles of th...
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There are currently 195 marketing faculty in the United States receiving the distinguished title of chair, professor, or fellow at their university in 2002. This study uses information from Hasselback's Marketing Faculty Directory 2002-2003 regarding these named chairs and the schools at which they are teaching to determine: (1) a personal profile...
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We test for the presence of low-dimensional chaotic structure in the Stock Exchange of Thailand (SET) Index. While we find strong evidence of nonlinear dependencies, the evidence is not consistent with chaos. Our test results indicate that ARCH-type processes generally explain the nonlinearities in the data. We also show that employing seasonally a...
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The Presence of the day-of-the week effect has been documented in equity markets throughout the world. Most of the studies reporting this pervasive pattern have relied on the OLS methodology. More recently, using more robust methodology, some inconclusive results have been report regarding the said anomaly. This study examines the day-of-the-week e...
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This paper reports the findings of a 1990 survey of a sample of NYSE firms conducted to learn about the managerial opinions and practices with respect to longterm financing decisions. Relying on a hierarchy of financing sources is discovered to be a far more common practice among the sample firms than maintaining a target capital structure. The ris...
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This paper tests for the Generalized Autoregressive Conditional Heteroscedasticity (GARCH) effects in stock market indicator returns using the NYSE daily return and volume data for four years. The findings strongly suggest that the market indicator returns are best described by the GARCH model in the absence of volume as a mixing variable. The incl...
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This article presents results of a survey of chief financial officers at 294 hospitals in three states concerning their evaluation of capital investment proposals. The findings include capital budgeting methods used, treatment of risk, consideration and impact of qualitative factors, and participation of the medical staff.
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This empirical study examines the day-of-the-week effect on the nascent stock exchange of Istanbul, Turkey. The investigation relies on the most recent 60-month period from January 2003 through December 2007. During this period, the Turkish stock market registered a 424 percent gain. Numerous studies have indicated that the stock market returns dep...
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Full-text available
Following the frauds of Enron and MCI and the legislation of Sarbanes-Oxley, critics turned their attention toward universities to determine how accounting programs were preparing students to prevent and detect frauds in the future. The American Accounting Association (AAA) called on educators to develop courses in forensic accounting and fraud exa...
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This study examines the day-of-the-week effect in the Korean Stock Price Index using the OLS as well as the GARCH model during the eight-year period beginning in 1990 as well as during the entire decade of the 1980's. During the 1980's, the day-of-the-week effect is found to be robust and its presence is observed irrespective of the methodology emp...
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Full-text available
This paper examines distinguished professorships in the academic field of economics in the U.S. from the 1995-1996 and 2001-2002 academic years using data from the Prentice Hall Guide to Economics Faculty compiled by James Hasselback. Over the six year period, the number of named professorships in economics increased from 369 to 402. Our findings s...
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The focus of this paper is on the bankruptcy prediction of small firms. Specifically, two successful bankruptcy prediction models, Ohlson's model (1980) and Shumway's model (2001), are re-estimated with the data of a sample of firms traded on the over-the-counter (OTC) market in a recent period in the 1990s. While Ohlson's model relies strictly on...

Citations

... Through the leadership practices of department chairs, deans, provosts, and even college presidents, faculty can be inspired and motivated to do their best work. Administrators realize faculty member performance through a number of both structural and cultural efforts (Kaufman, 2009), including building a clear reward system and creating an environment of trust (Lawrence, Celis, & Ott, 2014), by responding to the unique cultural needs of different ethnicities as well as generations of scholars (Evans & Forbes, 2012), and by simply providing the necessary resources to accomplish the tasks asked of faculty (Kamath, Meier, & Rao, 2004). ...
... Women are also underrepresented at the highest ranks. While half of bachelor's degrees in accounting are held by women (AICPA 2015) and 48% of all doctoral degrees in business are awarded to women (Okahan and Zhou 2017), only about one-third of accounting faculty are female and less than 20% are represented at the rank of full professor (Kamath et al. 2009). Therefore, accounting is a field that has been balanced between men and women at the entry level for decades, but where women fail to advance at comparable rates. ...
... Wong et al. (1992) draw a conclusion that Thursday and Friday returns are positive and higher than negative Monday returns in Malaysian indexes. Balaban (1995) and Kamath and Liu (2010) (2015) presented positive stock returns for ten Muslim countries during Ramadan. A recent study conducted by Sonjaya and Wahyudi (2016) indicated the presence of a Ramadan effect but concluded that the consistency in this type of anomaly did not exist during periods of economic crisis. ...
... The results of the paper that anomalies disappeared in the 1990s were in sync with the developments in the foreign currency markets. The findings of the paper regarding the disappearance of the day-of-the-week effect in the 1990s were consistent with the findings of the disappearance of the effect on the stocks of global markets, which had been established by Chang et al. (1993), Dubois and Louvet (1996), Kamara (1995), and Kamath and Chusanachoti (2002) for various markets considered. Berument et al. (2007) assessed the day-of-the-week effect using an exponential generalized autoregressive conditional heteroscedasticity (EGARCH) specification on the foreign exchange rates and their volatilities in the Turkey market. ...
... Research in 2010 conducted a survey of 171 schools that were certified Association to Advance Collegiate Schools of Business (AACSB) to determine which universities offered forensic accounting and fraud checks [25]. The results indicated that only 4 of 171 schools offered degree programs for forensic accounting. ...
... Endowed chairs (ECs) and distinguished professorships (DPs) are typically awarded to full professors who have accomplished much in their respective field. Kamath, Meier, and Rao (2006) state the following: ...
... The empirical results provided by the studies are mixed so far and there is no consensus amongst the scholar on the issue of impact of futures on the volatility in spot markets. There are studies (Figlewski, 1980;Chatrath et al., 1995;Bae et al., 2004) which support the opinion that trading in futures can destabilise the spot market. But another study (Darrat et al., 2002) has provided the evidence for the stabilising effect of futures trading on the return of spot rates in contradiction to the earlier studies. ...
... Çalışma sonunda elde edilen en önemli bulgulardan biri; endeksteki yükselişlerin işlem hacmindeki yükselişlerle birlikte hareket ettiği, tam tersine endeksteki düşüşlerin işlem hacmindeki düşüşlerle birlikte hareket ettiği sonucudur. Bu sonuç; piyasa endeksinde artış yaratmak için işlem hacmi gereklidir ünlü Wall Street atasözünü destekler niteliktedir (Kamath, 2007, s. 1–40). ...
... For example, Rojas-Mora and Chamorro-Futinico (2017) examine financial integration, return, and volatility amongst the Pacific Alliance: Latin American Integrated Market countries of Peru, Chile, Colombia and Mexico using daily data. Similarly, Kamath (2008) explores the daily price volume relationship in the Chilean stock market. At the intraday level, mainly the exchange rate dynamics of the Chilean peso have been examined in Romero-Meza et al. (2010). ...
... In this new scenario, markets are related, but each of them has specific characteristics with particular opportunities for investors. Investors differ in aims and restrictions, which makes portfolio management choice more complex and dynamic (Khaksari et al., 1989). Moreover, an investment decision should be opportunely modelled, as it is regarded as a major and strategic choice (Zopounidis, 1999). ...