Raj Singh

Education:

• BS 1985 Mechanical Engineering Regional Engineering College, Kurukshetra Univ.
• MBA 1989 Information Systems Baruch College, City University of New York
• MS 1991 Finance Carnegie-Mellon University
• PhD 1995 Finance Carnegie-Mellon University

Expertise:

• Corporate Finance
• Auction Theory
• Mergers & Acquisitions
• Market Microstructure

Biography

Raj Singh's research interests include corporate finance, auction theory, agency theory, and market-microstructure. He received the 2002 Best Corporate Finance Paper Award from the Western Finance Association, was a runner-up for the 2002 Glucksman Institute Research Prize, and was recognized for his teaching in BusinessWeek's Guide to the Best Business Schools in 1997, 1999, and 2001.

His research has appeared in publications such as the Journal of Finance, Review of Financial Studies, Journal of Financial Economics, Journal of Law, Economics & Organizations, and Journal of Accounting Research. He served on the academic advisory board for the Carlson Consulting Enterprise and currently serves on the editorial board of the International Review of Finance. He holds a PhD from Carnegie Mellon University.

Selected Works

• The Economics of Club Bidding and Value Creation (with Robert Marquez), Journal of Financial Economics (forthcoming).
• "Stapled Finance" (with Paul Povel), Journal of Finance, 66:3, June 2010.
• Booms, Busts and Fraud (with Paul Povel and Andy Winton), Review of Financial Studies, July 2007, 20:4.
• Markets, Investor Sentiments, and IPO Pricing (with A. Ljungqvist and V. Nanda), Journal of Business, 79:4, July 2006.
• Takeover Contests With Asymmetric Bidders (with Paul Povel), Review of Financial Studies, 19:4, Winter 2006.
• Imprecision in Accounting Measurement: Can it be Value Enhancing? (with Chandra Kanodia and Andrew Spero), Journal of Accounting Research, 43:2, June 2005.
• SaleBacks in Bankruptcy (with Paul Povel), Journal of Law, Economics & Organizations,October 2007, 23:2.
• Bond Insurance: What is Special about Munis? (with Vikram Nanda), Journal of Finance, 59:5, October 2004.
• "Effect of Decimalization on the BidAsk Spread and its Components," with S. Gibson and V. Yerramilli, Journal of Financial Intermediation, 12:3, 2003
• "The Resolution of Bankruptcy by Auction: Allocating the Residual Right of Design," with S. Bhattacharyya, Journal of Financial Economics, 54:3, December 1999
• Endogenous Informed Trading in the Presence of Trading Costs: Theory and Evidence (with JinWan Cho & Jhinyoung Shin), Journal of Financial Markets, 2:3, August 1999.
• "Takeover Bidding with Toeholds: The Case of the Owners Curse," Review of Financial Studies, 11:4, Winter 1998

Current Activities

Current Research

• Analyst Monitoring and Managerial Incentives (with Vijay Yerramilli)
• Information Content of Put Warrant Issues (with Paul Povel & Scott Gibson)
• Prices and Volumes in the Housing Market (with Sugato Bhattacharyya).
• Personal Income Tax and Corporate Investment (with Murray Frank & Tracy Wang)
• Tests of LongTerm Abnormal Performance: Analysis of Power (with Alexander Nekrasov and Pervin Shroff)

Editorial Appointments

• Associate Editor: International Review of Finance

• Adhoc referee: Review of Financial Studies, Journal of Financial Intermediation, Journal of Economic Theory, NSF, Finance Research Letters, American Economic Review, Financial Review, Journal of Banking & Finance, Financial Management Association and Journal of European Economic Association

Honors and Awards

• Best dissertation award, GSIA, CarnegieMellon Univ.
• Best Corporate Finance Paper, Western Finance Association (2002)