Debarshi Nandy

Debarshi Nandy is the Barbara and Richard M. Rosenberg Professor of Global Finance at the International Business School of Brandeis University and an affiliated faculty member of the Department of Economics and the Heller School for Social Policy and Management at Brandeis University. His research interests are in the fields of innovation and entrepreneurial finance, corporate and household finance, and financial intermediation. His research has been published in leading journals in financial economics, such as the Journal of Financial Economics, Review of Financial Studies, Journal of Financial and Quantitative Analysis. Debarshi Nandy also serves as the Program Director of the Masters in Finance (MSF) program and the Director of the India Initiative at Brandeis International Business School. He is a visiting research fellow at the Boston Research Data Center of the Center for Economic Studies of the U.S. Census Bureau and the National Bureau of Economic Research. He has received multiple research grants, both from the National Science Foundation in the U.S. and the Social Sciences and Humanities Research Council of Canada. Debarshi serves as a mentor and advisor to several start-ups. He holds a B.Sc (Hons) and M.Sc. in Economics from the University of Calcutta, India and a Ph.D. in Finance from Boston College.

Publications

• Nandy, Debarshi K, Chemmanur, T, He, S. and He, J. "Product Market Characteristics and the Choice between IPOs and Acquisitions." Journal of Financial and Quantitative Analysis 53. 2 (2018): 681-721.
  
• Nandy, Debarshi K, Dai, Rui., Massoud, Nadia., Saunders, Anthony.. "Hedge Funds in M&A Deals: Is there exploitation of Private Information?." Journal of Corporate Finance 47. December 1, 2017 (2017): 23 - 45.
  
• Nandy, Debarshi K, Krishnan, Karthik, and Puri, Manju. "Does Financing Spur Small Business Productivity? Evidence from a Natural Experiment." Review of Financial Studies 28. June (6) (2015): 1768 - 1809.
  
• Nandy, Debarshi K, Thomas Chemmanur, An Yan, J. Jiao. "A Theory of Mandatory Convertibles." Journal of Banking and Finance 42. May 2014 (2014): 352-370.
  
• Nandy, Debarshi K, Thomas Chemmanur, Karthik Krishnan. "The Effects of Corporate Spin-offs on Productivity: A Plant Level Analysis." Journal of Corporate Finance 27. August 2014 (2014): 72-98.
  
• Nandy, Debarshi K, Gordon Roberts, Li Hao. "How Bank Regulation and Lender Location Influence Loan Pricing." Journal of Financial and Quantitative Analysis Vol. 6, December 2012. 47 (2012): 1247 - 1278.
  
• Nandy, Debarshi K, Nadia Massoud, Keke Song, Anthony Saunders. "Do Hedge Funds trade on Private Information? Evidence from Syndicated Lending and Short-selling." Journal of Financial Economics 99. 3 (2011): 477 - 499.
  
• Nandy, Debarshi K, Thomas Chemmanur, Karthik Krishnan. "How does Venture Capital Financing Improve Efficiency of Private Firms? A Look beneath the Surface." Review of Financial Studies 24. 12 (2011): 4037 - 4090.
  
• Nandy, Debarshi K, Thomas Chemmanur, Shan He. "The Going Public Decision and the Product Market." Review of Financial Studies 23. 5 (2010): 1855 - 1908.
  
• Nandy, Debarshi K. "Why do Firms Denominate Bank Loans in Foreign Currencies? Evidence from Canada and U.K.." Journal of Economics and Business 62. 6 (2010): 577 - 603.
  
• Nandy, Debarshi K, Steven Dennis, Ian Sharpe. "The Determinants of Contract Terms in Bank Revolving Credit Agreements." Journal of Financial and Quantitative Analysis 35. 1 (2000).
  

Awards & Honors

• (2019) Grant from Masschallenge FinTech to study the development of Fintech in the US and its geographic dispersion.
  
• (2015 - 2016) Provost Research Award
  
• (2012) Fama/DFA Prize for Capital Markets and Asset Pricing, second place for the best paper published in the Journal of Financial Economics in 2011.
  
• (2012 - 2018) National Science Foundation (NSF), SES grant number-1156246, for $315,046 titled, “Market Access and Border Entrepreneurship”
  
• (2010) Outstanding Financial Institutions Paper, Eastern Finance Association (EFA)
  
• (2010 - 2011) Social Sciences and Humanities Research Council of Canada (SSHRC), Standard Research Grant for $75,500.00. PI on Evolution and Success of Entrepreneurial Activity: Evidence from Micro-Data
  
• (2008 - 2011) Social Sciences and Humanities Research Council of Canada (SSHRC), Special Business Research Grant for $155,000.00. Co-PI with Nadia Massoud on Hedge Funds Syndicated Lending and Short Selling: Their Impact on Corporate Survival Rates
  
• (2007 - 2010) Social Sciences and Humanities Research Council of Canada (SSHRC), Standard Research Grant for $62,000.00. Co-PI with Yisong Tian on Corporate Governance, Managerial Equity Incentives and Firm Productivity
  
• (2005 - 2008) Social Sciences and Humanities Research Council of Canada (SSHRC), Standard Research Grant for $90,192.00. PI on Effect of new Equity Issues and Corporate Restructuring on Product Market Performance
  
• (2002 - 2003) Donald J. White Teaching Excellence Award for Best Teaching Fellow, Boston College
  
• (1998) Best Paper in Financial Institutions, Financial Management Association (FMA) for The Determinants of Contract Terms in Bank Revolving Credit Agreements