Recent research work:
Other research papers:
- “Who cares about the Chinese Yuan?”, with Ila Patnaik, and Ajay Shah, 2011.
- “The exchange rate regime in Asia: From crisis to crisis”, with Ila Patnaik, Ajay Shah, and Anmol Sethy, 2011.
Who Owns What? A Factor Model for Direct Stockholding
We build a cross-sectional factor model for investors’ direct stockholdings, by analogy with standard time-series factor models for stock returns. We estimate the model using data from almost 10 million retail accounts in the Indian stock market. We find that stock characteristics such as firm age and share price have strong investor clienteles associated with […]