Amiyatosh Purnanandam

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Research Interests: Corporate Finance, Banking and Investments.

Selected Working Papers (Comments welcome):

1. "Is Default Risk Negatively Related to Stock Returns?", with Sudheer Chava (updated version)
   
   
2. "Originate-to-Distribute Model and the Sub-prime Mortgage Crisis" (updated version)
   
   
3. "CEOs vs. CFOs: Incentives and Corporate Policies", with Sudheer Chava
   
   
4. "The effect of banking crisis on bank-dependent borrowers", with Sudheer Chava
   
   

Main Publications/ Forthcoming Papers:

1. "Do Shareholders Rights Affect the Cost of Bank Loans?", with Sudheer Chava and Dmitri Livdan
   Forthcoming, Review of Financial Studies.
   
   
2. "Financial Distress and Corporate Risk Management: Theory & Evidence"
   2008, Journal of Financial Economics, 87, 706-739.
   
   
3. "Interest Rate Derivatives at Commercial Banks: An Empirical Investigation",
   Earlier version was titled "Interest Rate Risk-Management at Commercial Banks: An Empirical Investigation"
   2007, Journal of Monetary Economics, 54, 1769-1808.
   
   
4. "Determinants of the Floating-to-Fixed Rate Debt Structure of Firms", with Sudheer Chava
   2007, Journal of Financial Economics, 85, 755-786.
   
   
5. "Are IPOs Really Underpriced?", with Bhaskaran Swaminathan.
   2004, Review of Financial Studies, 17(3), 811-848.
   
   

Media coverage

1. Selected press articles

Bank Failure Risk Index (Updated till 2008Q1) (Based on the Bank Failure Model of My paper in the Journal of Monetary Economics).
A short explanation of this index.

Education

1. Cornell University: M.S. (2003), Ph.D. (2005).
2. IIM, Lucknow, India: Post Graduate Diploma in Management (MBA), 1995
3. IIT, Kharagpur, India: B.Tech. in Electrical Engineering, 1993