Web of Science Citations: 4,364 (as of May 2026)
Scopus Citations: 4,919 (as of May 2026)
Google Scholar Citations: 14,611 (as of May 2026)
Empirical Performance of Alternative Option Pricing Models
Gurdip Bakshi, Charles Cao, and Zhiwu Chen, Journal of Finance, 1997.
Contribution: A widely cited empirical evaluation of alternative option-pricing models and their ability to explain option-market data.
Keywords: option pricing, empirical finance, derivatives, volatility.
Stock Return Characteristics, Skew Laws, and the Differential Pricing of Individual Equity Options
Gurdip Bakshi, Nikunj Kapadia, and Dilip Madan, Review of Financial Studies, 2003.
Contribution: Studies how stock-return characteristics and skewness affect the pricing of individual equity options.
Keywords: equity options, skewness, volatility, option risk premia.
Delta-Hedged Gains and the Negative Volatility Risk Premium
Gurdip Bakshi and Nikunj Kapadia, Review of Financial Studies, 2003.
Contribution: Provides evidence related to negative volatility risk premia using delta-hedged option gains.
Keywords: volatility risk premium, delta hedging, options, asset pricing.
Spanning and Derivative-Security Valuation
Gurdip Bakshi and Dilip Madan, Journal of Financial Economics, 2000.
Contribution: Develops theoretical results on spanning and derivative-security valuation.
Keywords: derivatives, spanning, asset pricing, option valuation.
The Spirit of Capitalism and Stock Market Prices
Gurdip Bakshi and Zhiwu Chen, American Economic Review, 1996.
Contribution: Studies stock-market prices through a model incorporating wealth-based preferences.
Keywords: stock prices, macro-finance, asset pricing, preferences.