Research Publications
"What is Different about International Lending?,"Review of Financial Studies 4 (1991), 121-148.
(With Vikram Nanda) "Multi-Market Trading and Market Liquidity, "Review of Financial Studies 4 (1991), 483-511. Co-winner of the New York Stock Exchange Prize for the best paper at the Market Microstructure Symposium co-sponsored by the Review of Financial Studies, the Western Finance Association and the New York Stock Exchange.
(With Vikram Nanda) "The Strategic Role of Debt in Takeover Contests,"
Journal of Finance 48 (1993), 331-345.
(With Narsimhan Jegadeesh) "Pre-Tender Offer Share Acquisition Strategy in Takeovers,"
Journal of Financial and Quantitative Analysis 29 (1994), 117-129.
(With Vikram Nanda) "Repurchase Premia as a Reason for Dividends:A Dynamic Model of Corporate Payout Policies," Review of Financial Studies 7 (1994), 321-350.
(With Vikram Nanda) "Financing of Multinational Subsidiaries: Parent Debt vs. External Debt,"
Journal of Corporate Finance 1 (1994), 259-281.
"Corporate Hedging of Exchange Risk when Foreign Currency Cash Flow is Uncertain,"
Management Science 41 (1995), 1083-1090.
(With Vikram Nanda) "Stabilization, Syndication and Pricing of IPOs,"
Journal of Financial and Quantitative Analysis 31 (1996), 25-42.
(With Ann Sherman) "International Differences in Oversubscription and Underpricing of IPOs,"
Journal of Corporate Finance 2 (1996), 359-381.
(With Ann Sherman) "The Winner's Curse and International Methods of Allocating Initial Public Offerings,"
Pacific-Basin Finance Journal 4 (1996), 15-50.
(With Joshua Coval) "Internal Financing of Multinational Subsidiaries:Debt vs. Equity,"
Journal of Corporate Finance 4 (1998), 87-106.
(With Vikram Nanda) "Leverage and Market Stability: The Role of Margin Rules and Price Limits,"
Journal of Business 71 (1998), 179-210.
(With Jonathan Howe) "Corporate Risk Management for Multinational Corporations: Financial and Operational Hedging Policies," European Finance Review 2 (1999), 229-246.
(With Amit Goyal) "Understanding the Financial Crisis in Asia," Pacific-Basin Finance Journal 8 (2000), 135-152.
(With Sheridan Titman) "Why Real Interest Rates, Cost of Capital and Price/Earnings Ratios Vary across Countries," Journal of International Money and Finance 20 (2001), 165-189.
(With Antonio Bernardo) "Resources, Real Options and Corporate Strategy," Journal of Financial Economics 63 (2002), 211-234.
(With Mark Grinblatt and David Levine) "Information Aggregation, Security Design and Currency Swaps," Journal of Political Economy 110 (2002), 609-633.
"Financial versus Operational Hedging," in International Finance Review, Volume 3, Global Risk Management: Financial, Operational, and Insurance Strategies (2002), Editors: J. Jay Choi, Michael Powers, JAI, 97-103.
(With Robert Z. Aliber and Shu Yan) "Some Evidence that a Tobin Tax on Foreign Exchange Transactions may Increase Volatility", European Finance Review 7 (2003), 481-510.
(With Richard Roll and Yihong Xia) "Extracting Inflation from Stock Returns to Test Purchasing Power Parity," American Economic Review 95 (2005), 255-276.
(With Tony Bernardo and Amit Goyal) "Growth Options, Beta, and the Cost of Capital," Financial Management 36 (2007), 5-17. Second Prize Winner for Best Paper Published in Financial Management over a two year period.
(With Amit Bubna) "Franchising Microfinance," Review of Finance 14 (2010), 451-476. Nominated for Best Paper Award published in Review of Finance.
"Possibility of dying as a unified explanation of (i) why we discount the future, (ii) get weaker with age, and (iii) display risk-aversion," Economic Inquiry 49 (2011), 1098-1103.
(With Bruce Carlin and Mark Garmaise) "Investment in Organization Capital," Journal of Financial Intermediation 21 (2012), 268-286.
(With Tony Bernardo and Amit Goyal) "Assessing Project Risk," Journal of Applied Corporate Finance 24 (3), Summer (2012), 94-100.
(With Richard Roll and Konark Saxena) "Development and Freedom as Risk Management," Finance Research Letters 10 (September 2013), 103-109. (Data and Scatter Plots)
(With Eduardo Schwartz) "How Should Firms Hedge Market Risk," Critical Finance Review 5 (2016), 399-415.
(With Shaun Davies and Brian Waters), "Investing for Impact," Review of Financial Studies 32 (2019), 864-904.
"Financing Land Acquisition for Infrastructure Projects," Finance Research Letters (2022), Volume 47, Part B, June, 102656.
Book Chapters
"Financial versus Operational Hedging," in International Finance Review, Volume 3, Global Risk Management: Financial, Operational, and Insurance Strategies (2002), Editors: J. Jay Choi, Michael Powers, JAI, 97-103.
(With S. Anas Ahmed and Amit Goyal), "Digital Identity in India," in The Palgrave Handbook of Technological Finance (2021), Editors: Rau, Raghavendra, Wardrop, Robert, Zingales, Luigi (Eds.)
(With Seoyoung Kim), "A Layman’s Guide to Bitcoin and Blockchain," in The Palgrave Handbook of Technological Finance (2021), Editors: Rau, Raghavendra, Wardrop, Robert, Zingales, Luigi (Eds.)
FinTech for Billions - Bhagwan Chowdhry & Syed Anas Ahmed.pdf