photograph Ashish TiwariFinance Department

Henry B. Tippie College of Business

The University of Iowa

Iowa City, IA 52242

Office: S308 PBB

Phone: (319) 353-2185

Fax: (319) 335-3690










  • Investing in Mutual Funds with Regime Switching
  • A Reexamination of Optimal Contracting in the Delegated Portfolio Management Problem (with Wei Li)
  • Mutual Fund Flows, Performance Persistence, and Board Quality (with Sandy Lai and Zhe Zhang)




  • On the Portfolio Properties of Real Estate in Good Times and Bad Times (with J. Sa-Aadu and James Shilling), Real Estate Economics, 2010, 38(3), 529–565.
  • Binomial Option Pricing Biases and Inconsistent Implied Volatilities (with Brent Lekvin), European Financial Management, 4, 2001, 543-562.
  • Price Discovery and Price Improvement on a Primary Market: Evidence from the American Stock Exchange (with Puneet Handa and Robert Schwartz), Journal of Portfolio Management, 25(3), Spring 1999, 55-64.
  • The Ecology of An Order Driven Market (with Puneet Handa and Robert Schwartz),  Journal of Portfolio Management, 47-55, Winter, 1998.  French translation in Organization and Quality of Equity Markets, Didier Davydoff and Bertrand Jacquillat, editors, Presses Universitaires de France (PUF). Spanish extension and translation in Bolsa De Madrid, 18-28, Numero 60, November, 1997.
  • Business Cycles and Stock Market Returns: Evidence Using Industry-Based Portfolios (with Venkat Eleswarapu), Journal of Financial Research, Spring 1996, 121-134.




  • Advanced Empirical Finance (Ph.D.)
  • Portfolio Management (MBA)
  • Alternative Investments and Portfolio Strategies (MBA)



Finance Department

College of Business

The University of Iowa / Tippie College of Business Administration