Srinivas Nippani

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Srinivas Nippani

Srinivas Nippani

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Biography

Texas A&M University Commerce - Finance

Regents Professor of the Texas A&M University System and Professsor of Finance at TAMU-Commerce
Financial Services
Srinivas
Nippani
Dallas/Fort Worth Area
My work has been published in the Journal of Financial and Quantitative Analysis, Journal of Banking and Finance, The Journal of Fixed Income, The Quarterly Review of Economics and Finance, The Journal of Economics and Finance, Review of Financial Economics, Applied Financial Economics and Managerial Finance among others.

It has been cited in over a dozen textbooks, the U.S. Congress, The Government Accounting Office (United States), The Australian Parliament blog, The United Nations Economic and Social Council, several policy making bodies such as The Reserve Bank of India, Bank of Greece, Lowry Institute for International Policy, National Bank of Belgium and the Center for Financial Analysis and Policy at the Judge Business School at University of Cambridge. It has been summarized in the CFA Digest. It has also been cited in a work published by the Australian Centre for Financial Studies.

My work has also been cited in newspapers like the New York Times, Washington Post, CNBC.com, USA Today and Huffington post, El Mercurio and au.finance.yahoo.com among others.

Experience

  • Texas A&M University-Commerce

    Asst Prof. (02-05), Associate Prof. (05-09), Professor (09-15) and Regents Professor (2015-date)

    Srinivas worked at Texas A&M University-Commerce as a Asst Prof. (02-05), Associate Prof. (05-09), Professor (09-15) and Regents Professor (2015-date)

  • University of Arkansas at Monticello

    Assistant Professor

    I worked as an assistant professor for nearly three years. Taught classes in finance and economics at the undergraduate level.

Education

  • University of Arkansas

    Ph.D.

    Finance

  • IIT Chennai

    Master of Science by Research

    Finance, General

Publications

  • Yes, Virginia, There Is a Santa Claus Rally: Statistical Evidence Supports Higher Returns Globally

    Journal of Financial Planning

    This paper examines the “Santa Claus rally” which has been discussed in several popular press articles, but has not been rigorously tested. The Rally is defined in two ways: 1) a four-day period running between Christmas and New Year’s, and 2) a seven-day period running from Christmas through January 3rd (this is the definition the Stock Trader’s Almanac uses). Using difference in means tests, we find the holiday period has significantly higher average daily returns in the U.S. stock market and in many other prominent stock markets throughout the world. Generally, higher returns come with higher risks. However, we find evidence that not only is the standard deviation of returns lower during the holiday season, but skewness is often less severe and kurtosis diminishes. A $10,000 investment during an average rally period would net an investor about $100 (1% return) over a normal seven-day period. The article does not advocate making leveraged bets, however, if one plans to sell stocks near the end of the year, it would be wise to wait until after the Santa Claus Rally. Discretionary buying should occur just before Christmas. At a minimum, financial planners should be aware of the empirical evidence regarding the Santa Claus rally, as near the end of the year clients will likely read many financial press articles regarding the phenomenon.

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