Publications | Working Papers
| Research in Progress | Presentations
Publications
The links below are to the relevant websites that carry the paper and is done to facilitate access. Access to the website may require appropriate authorization from the publisher of the journal.
Foster, F.D., and S. Viswanathan , 1990, A Theory of Interday Variations in Volumes, Variances and Trading Costs in Securities Markets, Review of Financial Studies , 4, 595-624. [PDF]
Foster, F.D., and S. Viswanathan , 1993, The Effect of Public Information and Competition on Trading Volume and Price Volatility, Review of Financial Studies , 6, 23-56. [PDF]
Foster, F.D., and S. Viswanathan , 1993, Variations in Trading Volume, Return Volatility and Trading Costs: Evidence on Recent Price Formation Models , Journal of Finance , 48, 187-211. [PDF]
Bansal , R. and S. Viswanathan , 1993, No Arbitrage and Arbitrage Pricing: A New Approach, Journal of Finance , 48, 1231-62. [PDF]
Bansal , R. , D . Hsieh and S. Viswanathan , 1993, A New Approach to International Arbitrage Pricing, Journal of Finance , 48, 1719-47. [PDF]
K. F. McCardle and S. Viswanathan , 1994, The Direct Entry Versus Takeover Decision and Stock Price Performance Around Takeovers, Journal of Business , 67, 1-43. [PDF]
Foster, F.D., and S. Viswanathan , 1994, Strategic Trading With Asymmetrically Informed Traders and Long-Lived Information, Journal of Finance and Quantitative Analysis , 29, 499-518. [PDF]
Foster, F.D., and S. Viswanathan , 1994, Trading Costs for Target Firms Around Takeovers, Advances in Financial Economics , 1, 37-57.
Viswanathan , S., 1995, A Multiple Signalling Model of Corporate Financial Policy, Research in Finance , 12, 1-35.
Foster, F.D., and S. Viswanathan , 1995, Can Speculative Trading Explain the Volume-Volatility Relation? , Journal of Business and Economic Statistics , 13, 379-396.
Foster, F.D., and S. Viswanathan , 1996, Strategic Trading When Agents Forecast the Forecast of Others, Journal of Finance , 51, 1437-1478. [PDF]
Hansch , O., N. Naik and S. Viswanathan , 1998, Do Inventories
Matter in Dealership Markets? Evidence From The
Hansch , O., N. Naik and S. Viswanathan , 1999, Best Execution, Internalization, Preferencing and Dealer Profits , Journal of Finance , 54, 1799-1828. [PDF]
Naik , N., A. Neuberger and S. Viswanathan , 1999, Trade Disclosure Regulation In Markets With Negotiated , Review of Financial Studies , 12, 873-900. [PDF]
Rhodes- Kropf , M. and S. Viswanathan , 2000, Corporate Re-organizations and Non-Cash Auctions, Journal of Finance , 55, 1807-1854. [PDF]
Bagnoli , M., S. Viswanathan , C. Holden, 2000, On The Existence of Linear Equilibria in Models of Market Making, 11, 1-31, Mathematical Finance. [PDF]
Viswanathan , S. and J. Wang, 2002, Market Architecture: Limit Order Books Versus Dealership Markets, 5, 127-168, Journal of Financial Markets . [PDF]
Viswanathan , S. and J. Wang, 2004, Inter-Dealer Trading In Financial Markets?, 77, Journal of Business . [PDF]
Rhodes-Kropf, M. and S. Viswanathan, 2004, Market Valuation and Merger Waves, Journal of Finance, 59, 2685-2718.. [SSRN]
Rhodes-Kroop, M. and S. Viswanathan, 2005, Financing Auction Bids, Rand Journal of Economics, 36, 789-815 . [PDF]
Rhodes-Kropf, M., David Robinson, S. Viswanathan, 2005, Valuation Waves and Merger Activity: The Empirical Evidence, forthcoming, Journal of Financial Economics, 77(3), 567-603. [PDF]
Carlin, B., M. Lobo and S. Viswanathan, 2006, Episodic Liquidity Crisis:
Cooperative and Predatory Trading, 2007, Journal
of Finance, 62(5), 2235-2274. [PDF]
Brusco, S., G. Lopomo, D. Robinson and S. Viswanathan, 2007, Efficient Mechanisms for Mergers and Acquisitions, International Economic Review, 48(3), 995-1035.. [PDF]
Viswanathan, S. and Bin Wei, 2008, Endogenous Events and Long Run Returns (with Bin Wei ), 21(2), 855-888, Review of Financial Studies. [PDF]
Kyle, Albert and S. Viswanathan, 2008, How to Define Illegal Price Manipulation, 98:2, 274-279, American Economic Review Papers and Proceedings. [PDF]
Carlin, Bruce, Florin Dorabantu and S. Viswanathan, 2008, Public Trust, the Law and Financial Investment, forthcoming, Journal of Financial Economics. [PDF]
Working Papers
Market Declines and Liquidity (with Allaudeen Hameed and Wenjin Kang), revise and resubmit, Journal of Finance.[PDF]
.Moral Hazard, Collateral and Liquidity (with Viral Acharya).[PDF]
Collateral, Financial Intermediation and the Distribution of Debt Capacity (with Adriano Rampini).[PDF]
Costly Collateral and Liquidity (with
Optimal Bidding in Multi-Unit Discriminatory Auctions (with Jim Wang and Tom Witelski) , revise and resubmit, Journal of Economic Theory .
Why Do Firms Hedge? An Asymmetric Information Model (with Doug Breeden), revise and resubmit, Review of Financial Studies .
Auctions With When Issued Trading: A Model of the
A Characterization of Multidimensional Signaling.
Research in Progress
Invited Keynote Talks
Banque de France and CREST conference on market microstructure, May 7 th
2006
Presentations
Collateral, Financial
Intermediation and the Distribution of Debt Capacity
July 2008 Society for Economic Dynamics Conference,
July 2008 NBER Conference on Capital Markets and the
Economy,
June 2008
May 2008
January 2008 Jackson Finance Group conference,
How to Define Illegal Price Manipulation
January 2008 American Economic Association Meetings, New Orleans, LA
Moral Hazard, Collateral and Liquidity
June 2008 Western Finance Association,
June 2008
May 2008 Northwestern University, Evanston IL
May 2008 University of Chicago, Beyond Liquidity Conference, Chicago IL
April 2008 Southern Methodist University, Dallas TX
April 2008 Wharton School, University of Pennsyvlania
November 2007 University of Houston
October 2007 NBER Market Microstructure conference, Boston MA
Costly Collateral and Liquidity
May 2006 JFI Shanghai conference
May 2006 LSE conference on agency problems in finance
Endogenous Events and Long Run Returns
November 2004 Finance and Accounting Conference, University of Southern
California
August 2004 European Finance Association
May 2004 Northwestern University Illinois
May 2004 Notre Dame Indiana
Valuation Waves and Merger Activity: The Evidence
March 2004 De Paul University Chicago IL
January 2004 American Finance Association, San Diego , CA
August 2003 European Finance Association Meetings, Glasgow Scotland April
2003, NBER Behavioral Finance Meetings
Mergers Mechanisms
January 2004, Econometric Society Winter Meetings, San Diego ,
California
September 2003, Auctions and Market Design, Fondazione Eni Enrico
Mattei , Milan , Italy
June 2003, Econometric Society Summer Meetings, Evanston , Illinois
January 2003, Third International Conference on Game Theory, Mumbai
, India
Market Valuation and Merger Waves
January 2003, AFA Meetings Washington DC
November 2002, NBER Corporate Finance Meetings, Boston
September 2002, Indiana University
June 2002, Oxford University
June 2002, London Business School
Financing Auction Bids
October 2001, Rice University
October 2001, Carnegie Mellon University
May 2001, University of Chicago
May 2001, Atlanta Finance Forum (Georgia Tech, Emory ,
Georgia State, Atlanta Fed)}
January 2001 Yale University
Optimal Bidding In Multi-Unit Discriminatory Auctions
July 2000 Stonybrook Conference on Multi-Unit Auctions
January 2000 London School of Economics
Corporate Reorganizations and Non-Cash Auctions
January 2000, AFA Meetings in Boston
June 1999, WFA Meetings in Santa Monica
Why Is Inter-dealer Trading So Pervasive In Financial Markets?
June 1999, WFA Meetings in
April 1998,
October 1998
March 1999
Market Architecture: Limit Order Books Versus Dealership Markets
August 1988, EFA Meetings at Insead
May 1998, National Bureau Of Economic Research,
June 1988, WFA Meetings At
January 1999, Econometric Society Meetings in
Preferencing , Internalization, Best Execution and Dealer Profits
October 1997,
June 1997, Western Finance Meetings ,
November 1996, Conference on Dealer Markets ,
Auctions With When Issued Trading: A Model of the
March 1997, University of British Columbia
January 1997 , American Finance Association Meetings, New Orleans
October 1996, Michigan State University
June 1996 Western Finance Meetings, Sunriver , Oregon
April 1996, Cornell University
April 1996, Columbia University
April 1996, University of Iowa
Do Inventories Matter in Dealership Markets? Evidence From
The
November 1996, Conference on Dealer Markets , Ohio State University
January 1995, American Finance Association Meetings, Washington DC
August 1994, European Finance Association Meetings at Brussels
March 1994, Memphis State University/NASD Conference on `` The
Competition For Order Flow''
Disclosure and Regulation With Large Market Makers:
Analysis of the
June 1995, Western Finance Association Meetings, Aspen
, Colorado
April 1995, Carnegie Mellon University
November 1994, McGill University , Montreal , Canada
October 1994, UCLA
August 1993, European Finance Association Meetings, Copenhagen ,
Denmark
Strategic Trading When Agents Forecast the Forecast of Others
August 1994, European Finance Association Meetings at Brussels
June 1994, Western Finance Association Meetings, Santa Fe , New
Mexico
October 1993, Third Annual Accounting and Finance Conference, Washington
University at St. Louis
Can Speculative Trading Explain the Volume-Volatility Relation?
January 1994, American Finance Association Meetings, Boston ,
Massuchussetts
November 1993, Duke University-NYSE Conference in Honor of Kalman J.
Cohen
December 1992, Stanford University
December 1992, University of California at Berkeley
On The Existence of Linear Equilibria in Models of Market Making.
December 1993, Econometric Society Meetings,
Strategic Trading With Asymmetrically Informed Traders and Long-Lived Information
August 1993, European Finance Association Meetings, Copenhagen ,
Denmark
June 1993, Western Finance Association Meetings, Whistler, British
Columbia
February 1993, Boston College
November 1992, Indiana University
A New Approach to International Arbitrage Pricing
June 1993, Western Finance Association Meetings, Whistler, British
Columbia
April 1993, University of Pennsylvania
October 1992, London Business School
October 1992, The City University Business School
No Arbitrage and Arbitrage Pricing: A New Approach
December 1992, Econometric Society Meetings,
June 1992, Western Finance Association Meetings,
April 1992,
The Effect of Public Information and Competition on Trading Volume and Price Volatility
January 1991 Board of Governors of the Federal Reserve System,
Why Do Firms Hedge? An Asymmetric Information Model
February 1998 Federal Reserve Conference, Miami Beach , Florida
November 1990 Southern Finance Association Meetings, Key West ,
Florida
December 1990 American Finance Association Meetings, Washington ,
District of Columbia
May 1990 Northwestern University
April 1990 Carnegie Mellon University
Trading Cost for Target Firms Around Takeovers
December 1990 American Finance Association Meetings, Washington
, District of
June 1990 Western Finance Association Meetings,
Variations in Trading Volumes, Return Volatility and Trading Costs: Evidence on Recent Price Formation Models
December 1989 American Finance Association Meetings, Atlanta ,
Georgia .
June 1988 Western Finance Association Meetings, Napa , California .
A Theory of Interday Variations in Volumes, Spreads and Variances
December 1988 American Finance Association Meetings, New York ,
New York
October 1988 University of Minnesota
March 1988 Georgia Institute of Technology
June 1987 Western Finance Association Meetings, San Diego ,
California