Tarun Ramadorai

TL;DR: In this paper, the authors examined the impact on stock prices of a major upgrade to the New York Stock Exchange's trading environment and found that the upgrade improved information dissemination on the trading floor and reduced the latency in reporting trades and quotes.

TL;DR: In this article, the relationship between institutional cross-border portfolio flows and domestic and foreign equity returns was analyzed using a new technique, and weekly data for 25 countries from 1994 to 1998.

TL;DR: In this article, a natural experiment in which 1.5 million investors participated in allocation lotteries for Indian IPO stocks was conducted and the authors found that randomized IPO gains cause winning investors to increase applications to future IPOs and substantially increase portfolio trading volume in non-IPO stocks relative to lottery losers; the effects are symmetrically negative for experienced losses.

TL;DR: The authors exploit the randomized allocation of stocks in 57 Indian IPO lotteries to 1.7 million investors between 2007 and 2012 to provide new estimates of the causal effect of investment experiences on future investment behavior.

TL;DR: In this paper, a comprehensive dataset of Funds-of-Hedge-FoFs (FoF) is used to investigate performance, risk and capital formation in the hedge fund industry over the past ten years.