Kumar Venkataraman

Maguire Chair in Energy Management
Academic Director, Maguire Energy Institute & Kyle Miller Energy Program

PhD, Business Administration (Finance), Arizona State University


  • Bio

    Kumar Venkataraman is the James M. Collins Chair in Finance at the Cox School of Business at Southern Methodist University.  He has a PhD in finance from Arizona State University.  Between 2012 and 2015, he served as the chairman of the finance department.

    Venkataraman specializes in the area of market microstructure and writes about financial market design; evaluation of trading strategies; and functioning of equity, fixed-income and energy markets.  He has published his research in major international finance and accounting journals, including the Journal of Finance, the Journal of Financial EconomicsReview of Financial Studies, and Journal of Financial and Quantitative Analysis.

    His work has been featured in industry publications, such as The CFA Digest, text books, and the business press, including Wall Street JournalBarronsFinancial TimesThe Economist, and Bloomberg News.  He has worked on consulting projects sponsored by Financial Industry Regulatory Authority (FINRA) and the US Commodity Futures Trading Commission (CFTC), and served as expert witness in litigation involving trading strategies and price manipulation.

  • Teaching

    FINA 6216 Portfolio Theory & Asset Price
    FINA 6228 Energy Project Valuation & Finance
    FINA 5345 Energy Project Valuation/Finance

  • Research

    Design of Financial Markets and Exchanges
    Market Microstructure
    Institutional Trading Strategies
    Trading cost measurement
    Short Selling

  • Select Publications

    Capital Commitment and Illiquidity in Corporate Bonds, 2018, Journal of Financev73i4, 1615-1661. (with Hank Bessembinder, Bill Maxwell, and Stacey Jacobsen)

    Market Conditions, Fragility and the Economics of Market Making, Journal of Financial Economics, forthcoming (with Amber Anand).

    Liquidity, Resiliency and Market Quality around Predictable Trades: Theory and Evidence, Journal of Financial Economics, forthcoming (with Hank Bessembinder, Al Carrion and Laura Tuttle).

    Institutional Trading and Stock Resiliency: Evidence from the 2007-09 financial crisis. Journal of Financial Economics, 2013. 108, 773-797. (with Amber Anand, Paul Irvine, and Andy Puckett).

    Does Earnings Quality affect Information Asymmetry? Evidence from Trading Costs, Contemporary Accounting Review, 2013, Vol. 30 (2), 482-516. (with Neil Bhattacharya and Hemang Desai).

    Performance of Institutional Trading Desks: An Analysis of Persistence in Trading Cost, Review of Financial Studies, 2012, Vol. 2 (25), 557-598. (with Amber Anand, Paul Irvine and Andy Puckett).