Madhu Veeraraghavan

T.A. PAI Management Institute, Finance Area

Professor of Finance

Bangalore

Manipal, Karnataka 576104

India

T A Pai Management Institute, Manipal

TAPMI Canpus

Manipal

Manipal, Manipal 576104

India

SCHOLARLY PAPERS

41

DOWNLOADS
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10,187

SSRN CITATIONS
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Top 11,935

in Total Papers Citations

63

CROSSREF CITATIONS

38

Scholarly Papers (41)

1.

Are Momentum Strategies Profitable? Evidence from Singapore

Number of pages: 45 Posted: 01 Mar 2009
Vikash Ramiah, Tony Naughton (Deceased) and Madhu Veeraraghavan
RMIT University - School of Economics, Finance and Marketing, RMIT University - School of Economics, Finance and Marketing and T.A. PAI Management Institute, Finance Area
Downloads 1,495 (14,885)

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Momentum, Turnover Ratio, Past Returns, Singapore, Multifactor

2.
Downloads 688 ( 45,742)
Citation 3

Anomalies and Stock Returns: Australian Evidence

Number of pages: 30 Posted: 23 Jul 2007 Last Revised: 06 Nov 2008
Philip Gharghori, Ronald Lee and Madhu Veeraraghavan
Monash University, Monash University and T.A. PAI Management Institute, Finance Area
Downloads 685 (45,380)
Citation 3

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Anomalies, Fama-French model, Size effect, BE/ME effect

Anomalies and Stock Returns: Australian Evidence

Accounting & Finance, Vol. 49, Issue 3, pp. 555-576, September 2009
Number of pages: 22 Posted: 08 Oct 2009
Philip Gharghori and Madhu Veeraraghavan
Monash University and T.A. PAI Management Institute, Finance Area
Downloads 3 (780,900)
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3.
Downloads 560 ( 59,655)
Citation 7

Value Versus Growth: Australian Evidence

Number of pages: 36 Posted: 04 May 2007 Last Revised: 26 Dec 2007
Philip Gharghori, Sebastian Stryjkowski and Madhu Veeraraghavan
Monash University, Monash University and T.A. PAI Management Institute, Finance Area
Downloads 559 (59,122)
Citation 4

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Multifactor Model, Book-to-market equity effect, Size effect

Value Versus Growth: Australian Evidence

Accounting & Finance, Vol. 53, Issue 2, pp. 393-417, 2013
Number of pages: 25 Posted: 04 May 2013
Philip Gharghori, Sebastian Stryjkowski and Madhu Veeraraghavan
Monash University, Monash University and T.A. PAI Management Institute, Finance Area
Downloads 1 (805,232)
Citation 1
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Book‐to‐market effect, Positive and negative earnings, Value‐growth effect

4.

The Impact of Spin and Tone on Stock Returns and Volatility: Evidence from Firm-Issued Earnings Announcements and the Related Press Coverage

Number of pages: 56 Posted: 17 Apr 2008 Last Revised: 18 May 2008
Shibley Sadique, Francis Haeuck In and Madhu Veeraraghavan
Monash University - Department of Accounting, Monash University - Department of Accounting and T.A. PAI Management Institute, Finance Area
Downloads 532 (63,541)
Citation 17

Abstract:

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Earnings press release, Spin in earnings information, Tone, Stock market reaction

5.

Emotions and Managerial Judgment: Evidence from Sunshine Exposure

The Accounting Review, Forthcoming
Number of pages: 61 Posted: 25 May 2017 Last Revised: 05 May 2021
Monash University - Department of Accounting, City University of Hong Kong (CityUHK) - Department of Accountancy, Memorial University of Newfoundland (MNU) - Faculty of Business Administration, Deakin University and T.A. PAI Management Institute, Finance Area
Downloads 454 (77,360)
Citation 2

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Weather-induced mood; Optimism; Management earnings forecasts

6.

Price Reaction to Rights Issues in the Indian Capital Market

Number of pages: 41 Posted: 08 May 2007
Vijaya B. Marisetty, Alastair Marsden and Madhu Veeraraghavan
RMIT University, University of Auckland - Business School and T.A. PAI Management Institute, Finance Area
Downloads 435 (81,341)
Citation 4

Abstract:

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price reaction, rights issues, disclosure regulation, informed trading, event study

7.

National Culture and Corporate Cash Holdings around the World

Journal of Banking and Finance, Vol. 50, 2015
Number of pages: 55 Posted: 02 Jan 2012 Last Revised: 15 May 2017
City University of Hong Kong (CityUHK) - Department of Accountancy, Macquarie University, University of Hawaii at Manoa - Shidler College of Business, Monash University and T.A. PAI Management Institute, Finance Area
Downloads 424 (83,823)
Citation 10

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Cash holdings; National culture; Individualism; Uncertainty avoidance

Delayed Price Discovery and Momentum Strategies: Evidence from Vietnam

Number of pages: 37 Posted: 02 May 2007
Cameron Truong, Madhu Veeraraghavan and Mai Truc Thi Nguyen
Monash University, T.A. PAI Management Institute, Finance Area and Ho Chi Minh City Securities Trading Centre
Downloads 245 (151,477)
Citation 1

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Momentum, Turnover Ratio, Past Returns, Price Limits, Vietnam

Delayed Price Discovery and Momentum Strategies: Evidence from Vietnam

20th Australasian Finance & Banking Conference 2007 Paper
Number of pages: 37 Posted: 23 Aug 2007
Madhu Veeraraghavan, Mai Truc Thi Nguyen and Cameron Truong
T.A. PAI Management Institute, Finance Area, Ho Chi Minh City Securities Trading Centre and Monash University
Downloads 136 (256,574)

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Individualism, Uncertainty Avoidance, and Earnings Momentum in International Markets

23rd Australasian Finance and Banking Conference 2010 Paper
Number of pages: 47 Posted: 10 Oct 2010
Yiwen (Paul) Dou, James E. Hunton, Cameron Truong and Madhu Veeraraghavan
Macquarie University, Bentley University - Department of Accountancy, Monash University and T.A. PAI Management Institute, Finance Area
Downloads 233 (159,071)

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Individualism, Uncertainty Avoidance, and Earnings Momentum in International Markets

Finance and Corporate Governance Conference 2011 Paper
Number of pages: 47 Posted: 01 Dec 2010
Yiwen (Paul) Dou, James E. Hunton, Cameron Truong and Madhu Veeraraghavan
Macquarie University, Bentley University - Department of Accountancy, Monash University and T.A. PAI Management Institute, Finance Area
Downloads 130 (265,480)
Citation 5

Abstract:

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post-earnings announcement drift, individualism, earnings momentum, uncertainty avoidance, culture

10.

Media Coverage and IPO Pricing Around the World

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 60 Posted: 24 Oct 2017 Last Revised: 18 Jan 2019
Yangyang Chen, Abhinav Goyal, Madhu Veeraraghavan and Leon Zolotoy
City University of Hong Kong (CityUHK) - Department of Accountancy, University College Cork, T.A. PAI Management Institute, Finance Area and University of Melbourne - Melbourne Business School
Downloads 360 (101,160)
Citation 3

Abstract:

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Media coverage, IPO pricing, information asymmetry

11.

The Extra-Organizational Determinants of Innovation: Sunshine Exposure and Inventor Performance

Number of pages: 66 Posted: 24 May 2016 Last Revised: 17 Oct 2019
City University of Hong Kong (CityUHK) - Department of Accountancy, National Tsing Hua University - Department of Quantitative Finance, London Business School, Deakin University and T.A. PAI Management Institute, Finance Area
Downloads 354 (103,168)

Abstract:

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mood; inventor performance; innovation; creativity

12.

Is Trading on Earnings Surprises a Profitable Strategy? Canadian Evidence

Number of pages: 35 Posted: 13 Mar 2011
Mark Chudek, Cameron Truong and Madhu Veeraraghavan
Monash University, Monash University and T.A. PAI Management Institute, Finance Area
Downloads 340 (107,904)
Citation 1

Abstract:

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post-earnings announcement drift, earnings surprise, revenue surprise, arbitrage risk

13.

Heuristics of Representativeness, Anchoring and Adjustment, and Leniency: Impact on Earnings' Forecasts By Australian Analysts

Number of pages: 38 Posted: 27 Jun 2007
Alastair Marsden, Madhu Veeraraghavan and Min Ye
University of Auckland - Business School, T.A. PAI Management Institute, Finance Area and University of Auckland
Downloads 326 (113,035)
Citation 2

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analyst forecasts, earnings revisions, forecast revisions, forecast changes

14.

Local Gambling Preferences and Corporate Innovative Success

Journal of Financial and Quantitative Analysis (JFQA), Vol. 49, No. 1, Feb. 2014, pp. 77–106, FIRN Research Paper
Number of pages: 59 Posted: 07 Feb 2014 Last Revised: 22 Jul 2014
Yangyang Chen, Edward Podolski, S. Ghon Rhee and Madhu Veeraraghavan
City University of Hong Kong (CityUHK) - Department of Accountancy, Deakin University, University of Hawaii at Manoa - Shidler College of Business and T.A. PAI Management Institute, Finance Area
Downloads 291 (127,577)
Citation 14

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Innovation, Catholics-to-Protestants ratio, Gambling preferences, CEO overconfidence

15.

The Impact of Managerial Mood on Public Firms’ Decisions: Evidence from Corporate Tax Avoidance

Number of pages: 56 Posted: 10 Nov 2017 Last Revised: 13 Dec 2019
Yangyang Chen, Rui Ge, Jeffrey Pittman, Madhu Veeraraghavan and Leon Zolotoy
City University of Hong Kong (CityUHK) - Department of Accountancy, Shenzhen University - Shenzhen Audencia Business School, Memorial University of Newfoundland (MNU) - Faculty of Business Administration, T.A. PAI Management Institute, Finance Area and University of Melbourne - Melbourne Business School
Downloads 267 (139,551)

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Weather; Managerial Mood; Tax Avoidance

16.

National Culture and Corporate Innovation

Pacific-Basin Finance Journal, Forthcoming
Number of pages: 43 Posted: 15 Aug 2014 Last Revised: 22 Apr 2017
Yangyang Chen, Edward Podolski and Madhu Veeraraghavan
City University of Hong Kong (CityUHK) - Department of Accountancy, Deakin University and T.A. PAI Management Institute, Finance Area
Downloads 244 (152,624)

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National culture; Corporate innovation; Individualism; Uncertainty-avoidance

17.

Individualism, Uncertainty Avoidance and the Profitability of Momentum Strategies in International Markets

Number of pages: 65 Posted: 02 Apr 2010 Last Revised: 22 Apr 2010
Yiwen (Paul) Dou, Cameron Truong and Madhu Veeraraghavan
Macquarie University, Monash University and T.A. PAI Management Institute, Finance Area
Downloads 230 (161,561)

Abstract:

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Post-earnings announcement drift, Individualism, Price momentum, Earnings Momentum, Uncertainty avoidance, Culture

18.

Post-Earnings Announcement Drift: Evidence from the Corporate Bond Market

25th Australasian Finance and Banking Conference 2012
Number of pages: 55 Posted: 20 Aug 2012 Last Revised: 26 Nov 2012
Xiaoting Wei, Cameron Truong and Madhu Veeraraghavan
Monash University, Monash University and T.A. PAI Management Institute, Finance Area
Downloads 199 (185,181)

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19.

Spin in Earnings Information and Stock Returns

Number of pages: 30 Posted: 26 Feb 2007
Francis Haeuck In, Shibley Sadique and Madhu Veeraraghavan
Monash University - Department of Accounting, Monash University - Department of Accounting and T.A. PAI Management Institute, Finance Area
Downloads 197 (186,918)
Citation 1

Abstract:

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Earnings press release, Media coverage of earnings information, Bias in earnings information, Stock market reaction

20.

Is Difference of Opinion Among Investors a Source of Risk?

Number of pages: 30 Posted: 15 Feb 2008
Philip Gharghori, Madhu Veeraraghavan and Quin See
Monash University, T.A. PAI Management Institute, Finance Area and Monash University
Downloads 196 (187,767)

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Multifactor Model, Difference of Opinion, Analysts' Earnings Forecasts, Maximum Share Turnover, Value Anomaly

21.

Selecting Australian Equity Superannuation Funds: A Retail Investor's Perspective

Number of pages: 32 Posted: 20 Jun 2002
Michael E. Drew, Jon D. Stanford and Madhu Veeraraghavan
Griffith University, University of Queensland - School of Economics and T.A. PAI Management Institute, Finance Area
Downloads 193 (190,342)
Citation 4

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Superannuation funds, Australia, Performance persistence, Past performance

22.

Does Managerial Skill Facilitate Corporate Innovative Success?

Journal of Empirical Finance 34, 313-326, December 2015
Number of pages: 40 Posted: 02 Jul 2014 Last Revised: 19 Apr 2016
Yangyang Chen, Edward Podolski and Madhu Veeraraghavan
City University of Hong Kong (CityUHK) - Department of Accountancy, Deakin University and T.A. PAI Management Institute, Finance Area
Downloads 171 (211,666)
Citation 5

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Managerial ability; Corporate innovation; Managerial remuneration

23.

Informed Options Trading Prior to Takeovers – Does the Regulatory Environment Matter?

Journal of International Financial Markets, Institutions and Money, Vol. 27, No. 1, 2013
Number of pages: 38 Posted: 09 Jan 2011 Last Revised: 13 May 2014
Edward Podolski, Cameron Truong and Madhu Veeraraghavan
Deakin University, Monash University and T.A. PAI Management Institute, Finance Area
Downloads 162 (221,530)
Citation 1

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Takeovers, Informed trading, Market efficiency, Market regulation

24.

Terrorist Attacks, Investor Sentiment, and the Pricing of Initial Public Offerings

Journal of Corporate Finance, Forthcoming
Number of pages: 62 Posted: 30 Jul 2019 Last Revised: 03 Nov 2020
Yangyang Chen, Abhinav Goyal, Madhu Veeraraghavan and Leon Zolotoy
City University of Hong Kong (CityUHK) - Department of Accountancy, University College Cork, T.A. PAI Management Institute, Finance Area and University of Melbourne - Melbourne Business School
Downloads 153 (232,349)
Citation 3

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terrorist attacks, investor sentiment, IPO pricing

25.

Analyst Bias, Firm Characteristics, and Stock Returns in the Australian Stock Market

Number of pages: 39 Posted: 02 Apr 2010
Shibely Sadique, Francis Haeuck In and Madhu Veeraraghavan
Monash University, Monash University - Department of Accounting and T.A. PAI Management Institute, Finance Area
Downloads 153 (232,349)
Citation 3

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Optimistic bias, firm characteristics, investor reaction

26.

CEO Endowed Trait and Corporate Tax Planning: Evidence from Pilot CEOs

Number of pages: 42 Posted: 28 Mar 2021 Last Revised: 27 Apr 2021
Ghasan Baghdadi, Edward Podolski and Madhu Veeraraghavan
RMIT University - School of Economics, Finance and Marketing, Deakin University and T.A. PAI Management Institute, Finance Area
Downloads 152 (233,669)

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Thrill seeking; Tax avoidance; CEOs; Firm performance

27.

Do Busy Boards Add Value to Standalone Firms Relative to Business Groups? Evidence from India

Number of pages: 32 Posted: 13 Mar 2011
Sugato Chakravarty, Vijaya B. Marisetty and Madhu Veeraraghavan
Purdue University, RMIT University and T.A. PAI Management Institute, Finance Area
Downloads 132 (261,543)

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28.

Factors Affecting the Birth and Fund Flows of Commodity Trading Advisors

Number of pages: 31 Posted: 02 Apr 2010 Last Revised: 12 Sep 2011
Viet Minh Do, Robert W. Faff, Paul Lajbcygier and Madhu Veeraraghavan
Monash University - Department of Accounting, Bond University, Monash University - Department of Banking & Finance and T.A. PAI Management Institute, Finance Area
Downloads 102 (314,217)

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29.

Performance Persistence in Hedge Funds: Australian Evidence

Number of pages: 32 Posted: 11 Mar 2010
Viet Minh Do, Robert W. Faff and Madhu Veeraraghavan
Monash University - Department of Accounting, Bond University and T.A. PAI Management Institute, Finance Area
Downloads 92 (335,819)
Citation 2

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Persistence, hedge funds, stock selection, market timing

30.

Cash Holdings and Bond Returns Around Takeovers

International Review of Financial Analysis 46, 1-11, July 2016 Forthcoming
Number of pages: 43 Posted: 01 May 2014 Last Revised: 06 Jun 2016
Edward Podolski, Cameron Truong and Madhu Veeraraghavan
Deakin University, Monash University and T.A. PAI Management Institute, Finance Area
Downloads 90 (340,458)

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Takeovers, Cash Holdings, Agency Conflicts, Financial Constraints, Shareholder Power

31.

Soft Information and Economic Activity: Evidence from the Beige Book

Number of pages: 33 Posted: 02 Sep 2010
Shibley Sadique, Francis Haeuck In, Madhu Veeraraghavan and Paul Wachtel
Monash University - Department of Accounting, Monash University - Department of Accounting, T.A. PAI Management Institute, Finance Area and New York University - Stern School of Business
Downloads 71 (391,050)
Citation 4

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Beige Book, Tone

32.

Market Manipulation Rules and IPO Underpricing

Journal of Corporate Finance, Forthcoming
Number of pages: 54 Posted: 11 Sep 2020 Last Revised: 20 Dec 2020
Monash University - Department of Banking and Finance, University College Cork, University of Liverpool - Management School (ULMS) and T.A. PAI Management Institute, Finance Area
Downloads 70 (393,993)

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Exchange trading rules; market manipulation; IPO pricing; information asymmetry

33.

Board Gender Diversity, Family-Connected Directors and Firm Value

Number of pages: 34 Posted: 05 Oct 2018
Sudheer Reddy, Madhu Veeraraghavan and Aditya Jadhav
T A Pai Management Institute, T.A. PAI Management Institute, Finance Area and IBS Hyderabad, IFHE University
Downloads 62 (419,629)

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Board Gender Diversity, Family Firms, Family Directors, Female Directors

Factors Affecting the Birth and Fund Flows of CTAS

Midwest Finance Association 2012 Annual Meetings Paper
Number of pages: 28 Posted: 03 Oct 2011
Viet Minh Do, Robert W. Faff, Paul Lajbcygier and Madhu Veeraraghavan
Monash University - Department of Accounting, Bond University, Monash University - Department of Banking & Finance and T.A. PAI Management Institute, Finance Area
Downloads 61 (428,935)

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Commodity trading advisors, fund flows, flow–performance relation, smart money effect

Factors Affecting the Birth and Fund Flows of CTAs

Australian Journal of Management, Vol. 41, No. 2, 2016
Posted: 04 May 2016
Monash University - Department of Accounting, Bond University, T.A. PAI Management Institute, Finance Area, Monash Business School and Monash University - Department of Banking & Finance

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Commodity trading advisors, flow-performance relation, fund flows, smart money effect

35.

Does High Quality Auditing Mitigate or Encourage Private Information Collection?

Contemporary Accounting Research, Forthcoming
Number of pages: 45 Posted: 09 May 2014 Last Revised: 15 May 2017
Yangyang Chen, M. Shibley Sadique, Bin Srinidhi and Madhu Veeraraghavan
City University of Hong Kong (CityUHK) - Department of Accountancy, Rajshahi University, University of Texas at Arlington - Department of Accounting and T.A. PAI Management Institute, Finance Area
Downloads 51 (459,569)

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Audit Quality; Private Information Collection; Idiosyncratic Return Volatility; Information Asymmetry

36.

Underwriting in the Australian IPO Markets: Determinants and Pricing

Number of pages: 65 Posted: 29 May 2019
Alastair Marsden, Zoltan Murgulov, S. Ghon Rhee and Madhu Veeraraghavan
University of Auckland - Business School, Monash University - Department of Banking and Finance, Monash Business School, University of Hawaii at Manoa - Shidler College of Business and T.A. PAI Management Institute, Finance Area
Downloads 50 (463,643)

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Initial public offerings; Commitments test entity; Underwriting; Bookbuild; Australian Securities Exchange

37.

Why Do Firms Engage in Politics? The Role of External Oversight

Number of pages: 46 Posted: 28 May 2019
Edward Podolski and Madhu Veeraraghavan
Deakin University and T.A. PAI Management Institute, Finance Area
Downloads 45 (484,170)
Citation 2

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Political donations; Institutional ownership; Analyst following

38.

Do Progressive Social Norms Affect Economic Outcomes? Evidence from Corporate Takeovers

Journal of Empirical Finance, Forthcoming
Number of pages: 52 Posted: 11 Jan 2017
Yangyang Chen, Edward Podolski, S. Ghon Rhee and Madhu Veeraraghavan
City University of Hong Kong (CityUHK) - Department of Accountancy, Deakin University, University of Hawaii at Manoa - Shidler College of Business and T.A. PAI Management Institute, Finance Area
Downloads 40 (506,453)

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Religion, Corporate takeovers, Mainline Protestants, Behavioral finance

39.

Venture Capital‐Backed and Commitments Test Entity Initial Public Offerings on the Asx

Accounting & Finance, Vol. 59, Issue 2, pp. 1265-1297, 2019
Number of pages: 33 Posted: 19 Mar 2020
Zoltan Murgulov, Alastair Marsden, S. Ghon Rhee and Madhu Veeraraghavan
Monash University - Department of Banking and Finance, Monash Business School, University of Auckland, University of Hawaii at Manoa - Shidler College of Business and T.A. PAI Management Institute, Finance Area
Downloads 1 (769,564)
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Initial public offerings, Underpricing: Wealth losses, Venture capital, Commitments test entity

40.

Large Trade Based Manipulation: Beyond the Prosecuted Cases

Journal of Corporate Finance, Vol. 42, 2017
Posted: 09 Nov 2017
Suman Neupane, S. Ghon Rhee, Kulunu Vithanage and Madhu Veeraraghavan
Griffith University - Department of Accounting, Finance and Economics, University of Hawaii at Manoa - Shidler College of Business, Griffith University- Department of Accounting, Finance and Economics and T.A. PAI Management Institute, Finance Area

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Manipulation, Trade-based manipulation, Pump-and-dump scheme, Indian IPOs

41.

CEO Risk‐Taking Incentives and the Cost of Equity Capital

Journal of Business Finance & Accounting, Vol. 42, Issue 7-8, pp. 915-946, 2015
Number of pages: 32 Posted: 22 Oct 2015
Yangyang Chen, Cameron Truong and Madhu Veeraraghavan
City University of Hong Kong (CityUHK) - Department of Accountancy, Monash University and T.A. PAI Management Institute, Finance Area
Downloads 0 (786,642)
Citation 1
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executive compensation, deltas, vegas, implied cost of equity capital