Publications

• Ball, Ray and Lakshmanan Shivakumar, 2008, 'How Much New Information is There in Earnings?', forthcoming, Journal of Accounting Research
• Ball, Ray and Lakshmanan Shivakumar, 2008, 'Earnings Quality at Initial Public Offerings', forthcoming, Journal of Accounting & Economics
• Lakshmanan Shivakumar, 2007, 'Aggregate Earnings, Stock Market Returns and Macroeconomic Activity: A Discussion of "Does Earnings Guidance Affect Market Returns? The Nature and Information Content of Aggregate Earnings Guidance"', Journal of Accounting & Economics 44(1-2), 64-73.
• Lakshmanan Shivakumar, 2007, 'Discussion of "Information Uncertainty and Post-earnings-announcement Drift"', Journal of Business Finance & Accounting 34(3) and (4), 434-438.
• Chordia, Tarun and Lakshmanan Shivakumar, 'Earnings and Price Momentum', Journal of Financial Economics 80(3), 627-656.
• Ball, Ray and Lakshmanan Shivakumar, 2006, 'Role of Accruals in Asymmetrically Timely Gain and Loss Recognition', Journal of Accounting Research 44(2), 207-242.
• Lakshmanan Shivakumar, 2006, 'Accruals, Cash Flows and the Post-earnings-announcement Drift', Journal of Business, Finance & Accounting 33(1) and (2), 1-25.
• Chordia, Tarun and Lakshmanan Shivakumar, 2005, 'Inflation Illusion and Post-earnings-announcement Drift', Journal of Accounting Research 43(4), 521-556.
• Ball, Ray and Lakshmanan Shivakumar, 2005, 'Earnings Quality in UK Private Firms: Comparative Loss Recognition Timeliness', Journal of Accounting & Economics 39(1), 83-128.
• Chordia, Tarun, Lakshmanan Shivakumar and Avanidhar Subrahmanyam, 2004, 'Liquidity Dynamics in Small and Large Firms', Economic Notes 33(1), 111-143.
• Chaney, Paul, Debra C. Jeter and Lakshmanan Shivakumar, 2004, 'Self-Selection of Auditors and Audit Pricing in Private Firms', The Accounting Review.
• Masulis, Ronald and Lakshmanan Shivakumar, 2002, 'Does Market Structure Affect the Immediacy of Stock Price Responses to News?' Journal of Financial & Quantitative Analysis 37(4), 617-648.  
• Chordia, Tarun and Lakshmanan Shivakumar, 2002, 'Momentum, Business Cycle and Time-Varying Expected Returns', Journal of Finance.
  (Nominated for the Smith-Breeden award for the best paper in Journal of Finance)
• Lakshmanan Shivakumar, 2000, 'Do Firms Mislead Investors by Overstating Earnings Before Seasoned Equity Offerings?',Journal of Accounting and Economics 29(3).
• Jeter, Debra C. and Lakshmanan Shivakumar, 1999, 'Cross-sectional Estimation of Abnormal Accruals: Effectiveness in Detecting Event-specific Earnings Management', Accounting and Business Research.