Research Areas:
Corporate Finance, Institutional Investment

Academic Positions:
IIM Bangalore, December 2011 - Present

Georgia State University, H. Talmage Dobbs, Jr. Chair of Finance, 2007 - Present; Board of Advisors Professor of Global Financial Markets, 2004 - 2007; Professor of Finance, 1996 - Present

Center for Risk Management and Insurance Research Senior Research Associate, Georgia State University, 1992 - Present

University of Paris - Dauphine - Paris (France) Visiting Scholar, 2005, 2008, 2010, 2011

Indian School of Business - Hyderabad (India) Visiting Professor, 2007, 2008

University of Canterbury (New Zealand) Visiting Scholar, 2009

University of Alexandria - Alexandria, (Egypt) Visiting Scholar, 2010

Cairo University - Cairo, (Egypt) Visiting Scholar, 2010

Caucasus School of Business (Tbilisi, Georgia) Visiting Scholar, 2003

Nanyang Technological University (Singapore) Visiting Professor of Finance, 1998 - 1999

University of Texas at Austin, Assistant Instructor in Finance, 1984 - 1986

University of Otago (New Zealand) Visiting Scholar, 1994, 1997

Other Professional Appointments:

Co-Editor, Journal of Financial Research, January 2006 - Present

Executive Committee member, Conference on Financial Economics and Accounting, 2001- Present

Area Editor (Finance) IIMB Management Review 2008- Present

Teaching Awards: 

Several best paper awards at Financial Management Association, Southern Finance Association, and Eastern Finance Association meetings.

Faculty Recognition Award for Research, College of Business Administration, Georgia State University, 1990, 1994, 2009

Sparks Award, Georgia State University Alumni Association, 2005

Significant Publications:

"The dividend initiation decision of newly public firms: some evidence on signaling with dividends" (with O. Kini and J. Payne) forthcoming Journal of Financial and Quantitative Analysis

- "Fund Flows, Performance, Managerial Career Concerns, and Risk-Taking," (with P. Hu, M. Pagani, and A. Subramanian), Management Science, Volume 57, No. 4, April 2011, 628-646

- "Product Market Power and Stock Market Liquidity," (with Y. Loon), Journal of Financial Markets, Volume 14, 2011, 376-410

- "Rank Order Tournaments and Incentive Alignment: The Effect on Firm Performance," (with E. Reis and A. Venkateswaran), Journal of Finance, Volume 64, No. 3, June 2009, 1479-1512

- "Corporate capital structure and the characteristics of suppliers and customers," (with H. Shahrur), Journal of Financial Economics, volume 83, 2007, 321-365

- "Financial Advisors and Shareholder Wealth Gains in Corporate Takeovers," (with O. Kini and H. Ryan), Journal of Financial and Quantitative Analysis, Volume 38, No. 3, September 2003, 475-501. (Lead article in the issue)

- "Unconditional and Conditional Takeover Offers: Experimental Evidence," (with T. Noe), Review of Financial Studies, Volume 10, No.3, 1997, 735-766

- "Of Shepherds, Sheep, and the Cross-autocorrelations in Equity Returns," (with S. Badrinath and T. Noe), Review of Financial Studies, Volume 8, No. 2, 1995, 401-43

- "The Effect of Business Risk on Corporate Capital Structure: Theory and Evidence," (with T. Noe and G. Ramirez), The Journal of Finance, Volume 46, No. 5, December 1991

- "Share Repurchase through Transferable Put Rights: Theory and Case Study," (with T. Noe and G. Gay), Journal of Financial Economics, Volume 25, Number 1, November 1989, 141-160

- "Patterns of Institutional Investment, Prudence, and the Managerial 'Safety-Net' Hypothesis," (with S.G. Badrinath and G. Gay), The Journal of Risk and Insurance, Volume 56, Number 4, December 1989, 605-629, (Lead article in the issue)

- "Noisy Juries and the Choice of Trial Mode in a Sequential Signalling Game: Theory and Evidence," (with G. Gay, M. Grace, and T. Noe), RAND Journal of Economics, Volume 20, Number 2, Summer 1989, 196-213