Georgia Tech Scheller College of Business Finance Group 2015
TABLE OF CONTENTS
2 Welcome from Area Coordinator Narayanan Jayaraman
4 Summary of Accomplishments
5-11 Faculty Profiles
12-13 Major Publications since 2008
14 Tech’s Quantitative and Computational Finance Program Ranked in Top 10
15 Ferris-Goldsmith Trading Floor
16 Academic Programs/Faculty Awards
17 List of Companies that Recruit Finance Majors
17 Doctoral Program
17 Select Media Coverage
18 About Georgia Tech Scheller College of Business Message from Dean Maryam Alavi
At Georgia Tech Scheller College of Business, we understand how fundamental finance is to all areas of business. And how quickly the finance field is changing as markets become increasingly intertwined on a global scale.
Our world-class finance faculty are conducting groundbreaking research to help both academics and real-world practitioners better understand the rapidly changing business climate. Growth of this faculty area in recent years has enabled us to take on even more of a leading role.
Dedicated to excellence in teaching and research, our finance professors help students gain a competitive advantage through their enhanced knowledge of finance. Our students are being equipped with the tech-savvy, analytical mindset they need for success in finance and other careers.
Experientially, our students have benefited from the financial analysis and electronic trading tools available on our impressive Ferris-Goldsmith Trading Floor as well as our curricular strengths in quantitative analysis.
We’re proud that Tech’s interdisciplinary Master of Science in Quantitative and Computational Finance (QCF) was recently ranked 10th in North America by QuantNet.
The future of our Finance area looks brighter than ever as we strengthen our position as a top business school at the leading edge of innovation.
Sincerely,
Maryam Alavi MESSAGE FROM THE AREA COORDINATOR
Welcome to the annual report of the finance group at Georgia Tech’s Scheller College of Business. We want to bring you up-to-date on the group’s teaching and research activities.
The first section of the report provides biographical information about the finance faculty. Pages 11 through 12 summarize the 36 top publications by our faculty in Financial Times’ Top 45 list since 2008. Page 13 provides a brief description of our Masters in Quantitative and Computational Finance Program and high-tech Trading Floor. Page 14 lists academic programs and faculty awards. Page 15 provides a partial list of companies that recruit our finance students and provides brief information about our doctoral program.
We hosted 11 annual international finance conferences from 1995 through 2005. These conferences were organized by Professor Cheol Eun, who is also the Thomas R. Williams Chairholder. Five of the keynote speakers in those conferences were Nobel Laureates (Merton Miller, Myron Scholes, James Tobin, Robert Mundell, and Daniel Kahneman). Under the leadership of Professor Sudheer Chava, the Scheller College will be hosting the Society of Financial Studies Cavalcade in May of 2015.
We hope you enjoy reading this information. If you have any questions, please feel free to contact me or visit our web site at http://scheller.gatech.edu/finance.
Narayanan Jayaraman, Williams- Wells Fargo Professor and Area Coordinator, Finance
Summary of Accomplishments
Ten excellent scholars and two Professors of Practice
Two professors recently listed as “Most Prolific Authors in the Finance Literature: 1959-2008.”
Faculty has published more than 35 refereed journal articles in premier journals and made more than 100 presentations over last six years
Research cited in The Wall Street Journal, New York Times, Financial Times, etc.
More than 30 research papers under review/revision
Nationally ranked eighth in Quantitative and Computational Finance
Several teaching and research award winners
Most popular concentration among the undergraduates
Ferris-Goldsmith Trading Floor
Designated as a CFA Institute Partner Barry Branch Robert H. Ledbetter, Sr. Professor of the Practice of Real Estate Development
Professor Branch leads the ongoing development of an innovative, fully integrated program in real estate development for graduate and undergraduate students drawing on all of Georgia Tech’s academic disciplines.
Mr. Branch is co-founder of The Branch-Shelton Company, LLC, a private investment management and financial advisory firm. He has served as The Branch-Shelton Company’s President since it was founded in 1998. He is also a co-founder and general partner of Nancy Creek Capital Fund I, a $40 million mezzanine and subordinated capital fund formed in October 2005, and Nancy Creek Capital Fund II, a $30 million fund formed in July 2009. He has over 40 years’ experience in the real estate industry, having financed, developed, marketed and managed more than $10 billion of domestic and international real estate since 1971.
Sudheer Chava Professor of Finance Director, Quantitative and Computational Finance Program
Sudheer Chava received his Ph.D. from Cornell University in 2003. Prior to that, he earned an MBA degree from Indian Institute of Management – Bangalore and worked as a fixed income analyst at a leading investment bank in India. He held academic positions at the University of Houston and Texas A&M University before joining Georgia Tech in 2010.
Dr. Chava has taught a variety of courses at the undergraduate and master’s level including Derivatives, Risk Management, Valuation, Cases in Financial Crisis and Credit Risk Analysis. He has also taught both theoretical and empirical finance courses at the doctoral level.
Dr. Chava’s research interests are in Credit Risk, Banking and Corporate Finance. He has published extensively in all the top journals in Finance including Journal of Finance, Journal of Financial Economics, and Review of Financial Studies.
His research has won a Ross award for the best paper published in Finance Research Letters in 2008, was a finalist for Brattle Prize for the best paper published in Journal of Finance in 2008 and was nominated for the Goldman Sachs award for the best paper for published in Review of Finance during 2004.
Dr. Chava is the recipient of multiple external research grants such as FDIC-CFR Fellowship, Morgan Stanley Research grant and Financial Service Research grant. His papers have been presented at numerous finance conferences such as AFA, WFA, EFA, FDIC and Federal Reserve Banks and at many universities in the U.S. and abroad. Jonathan Clarke Associate Dean for the Undergraduate Program and Associate Professor of Finance
Jonathan Clarke received his PhD from the Katz Graduate School of Business at the University of Pittsburgh. His undergraduate degrees are in Mathematics and Economics from Indiana University in Bloomington.
Dr. Clarke's work has been published in the Journal of Financial Economics, Management Science, the Journal of Financial and Quantitative Analysis, the Journal of Business, the Journal of Banking and Finance, Annals of Finance, Accounting Horizons, and the Journal of Corporate Finance. His paper titled "Long-Run Performance and Insider Trading in Completed and Canceled Seasoned Equity Offerings" won the 2001 William F. Sharpe award for best published paper in the Journal of Financial and Quantitative Analysis.
Dr. Clarke is an award-winning teacher. He was voted the 2009 MBA Core Professor of the Year, was a Hesburgh Award Teaching Fellow in 2009, and received the 2010 James F. Frazier, Jr. Award for Teaching Excellence. He has taught custom programs for Lockheed Martin, Clorox, NCR, and the National Football League. Dr. Clarke is a director of the Eastern Finance Association and an associate editor for the Financial Review. He also edits the Handbook of Modern Finance for Thomson Reuters.
Andras Danis Assistant Professor of Finance
Dr. Danis received his doctoral degree in 2012 from the Vienna Graduate School of Finance, a joint PhD program of the WU Vienna University of Economics and Business, the University of Vienna, and the Institute for Advanced Studies in Vienna. He pursued his undergraduate studies at the University of Vienna, where he received a degree in Social and Economic Sciences.
His current research topics are the effects of credit derivatives on financial restructurings, the capital structure of firms, and shareholder activism. Dr. Danis teaches Corporate Finance at the graduate and the undergraduate levels. He has a paper recently accepted for publication in the Journal of Financial Economics. Nishant Dass Associate Professor of Finance
Dr. Nishant Dass received his PhD degree from INSEAD in 2007. Before pursuing his doctoral studies, he earned graduate degrees from the University of Illinois-Urbana-Champaign and the University of Michigan, Ann Arbor. His bachelor’s degree is from Regional Engineering College, Jaipur (India).
His teaching interests are in corporate finance and international finance, and his research interests are in empirical corporate finance (specifically, financial institutions and corporate governance). His papers have been presented in conferences at the AFA, WFA, EFA, FIRS, FMA, NY Fed, and the World Bank. He has published in the Review of Financial Studies and Journal of Financial Economics and has also been cited in The New York Times.
Cheol S. Eun Professor of Finance and Thomas R. Williams Chair
Cheol S. Eun (PhD, NYU, 1981) is the Thomas R. Williams Chair and Professor of Finance. Before joining Georgia Tech in 1994, he had taught at the University of Minnesota and the University of Maryland. He also taught at the Wharton School of the University of Pennsylvania, Korea Advanced Institute of Science and Technology, and Esslingen University of Technology in Germany as a visiting professor. He held the Distinguished Visiting Professorship at Singapore Management University in 2005.
Dr. Eun has published extensively on international finance and investment issues in various journals including the Journal of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Management Science, and Oxford Economic Papers. In particular, he did pioneering works on international financial integration/linkages, cross-border listings and trading of securities, international asset pricing under market imperfections, and global asset allocation.
His research is widely quoted, reproduced, and referenced in scholarly papers and textbooks in the United States and abroad. For instance, five of his published papers were chosen for inclusion in the International Library of Critical Writings in Financial Economics (Series Editor: Richard Roll, UCLA), which compiles the most influential finance papers published in the last 40 years. Reflecting the broadening impact of his research, his publications have collectively received about 4,500 citations in the literature [Source: www.scholar.google.com].
Dr. Eun also co-authored a best-selling textbook titled International Financial Management, McGraw-Hill, with Professor Bruce Resnick, that has been adopted by many leading universities around the world, including Stanford, Wharton, Yale, NYU (Stern), Northwestern, INSEAD, and Peking University. The book has been translated into Chinese, Spanish, Korean, and Indonesian. Alex Hsu Assistant Professor
Dr. Alex Hsu received his PhD from the Ross School of Business at the University of Michigan, Ann Arbor, in 2012. He holds a BS degree from Brown University as well graduate degrees from Brown and the University of Michigan, Ann Arbor.
His teaching interests are in fixed income and asset pricing in general. Dr. Hsu’s research focuses on the interface between macroeconomics and finance. More specifically, his work attempts to understand how monetary policy and fiscal policy impact prices in the financial markets. He has presented his papers at the FMA conference and at the Board of the Federal Reserve Bank in Washington, D.C.
Narayanan Jayaraman Williams-Wells Fargo Professor and Area Coordinator of Finance
Dr. Narayanan Jayaraman received his PhD from the Katz Graduate School of Business of the University of Pittsburgh. His previous degrees include an MBA from the Indian Institute of Management – Calcutta, and a Bachelor of Technology in Mechanical Engineering from the Indian Institute of Technology – Madras.
Prior to attending the PhD program, he was employed as a planning manager for five years at Premier Automobiles Ltd., a large automobile organization in Bombay, India. Dr. Jayaraman also holds the Chartered Financial Analyst (CFA) designation that is conferred by the Association of Investment Management and Research. He has a courtesy faculty appointment at the School of Industrial and Systems Engineering.
Dr. Jayaraman’s research interests are in the areas of corporate finance, options markets, Japanese capital markets, corporate bankruptcy, and entrepreneurship. He served as a director on the board of the Eastern Financial Association. He is a member of the Program Committee for the Financial Management Association Annual Meetings as well as an ad-hoc referee for several professional journals.
He has made over 80 presentations at national and international conferences including the American Finance Association, the Western Finance Association, the Financial Management Association, the European Financial Management Association, and the Pacific-Basin Finance Association.
He has published 40 scholarly articles in various journals including the Journal of Finance, Journal of Financial and Quantitative Analysis, Journal of Banking and Finance, Financial Management, Journal of Corporate Finance, Journal of Financial Markets, Strategic Management Journal, Journal of Business Venturing, and Journal of International Business Studies.
Dr. Jayaraman is listed in the top four percentile in “Most Prolific Authors in Finance Literature, 1959-2008.” His research has been cited in major press publications including the Wall Street Journal, Atlanta Journal-Constitution, Chicago Tribune, Money Magazine, and The Street.com. His paper on the post-listing puzzle won the best paper award at the fourth annual Pacific-Basin conference in Hong Kong.
He has won several teaching awards including Brady Family Award for Faculty Teaching Excellence, Institute Junior Faculty Teaching Excellence award, Roe Stamps IV Excellence-in-Teaching award, Lilly Teaching Fellowship award, Core Professor of the year award in the MBA program, and the Professor of the year in the EMBA-MOT program. He has also been recognized for outstanding teaching in the Businessweek Guide to Best Business Schools.
He has taught in several executive education programs and served as a consultant for several organizations. He won the 2010 Georgia Tech Outstanding Service Award. This honor is in recognition of his innumerable contributions to the College, Institute, and community. Gary T. Jones Professor of the Practice of Finance
Professor Gary Jones is a retired Managing Director of Credit Suisse First Boston who received his BS degree in industrial management from Georgia Tech and his MBA from the Darden School at the University of Virginia. Professor Jones spent over 30 years at the investment banking firm of Donaldson, Lufkin, & Jenrette, Inc., where he was in charge of Global Sales for the Fixed Income Division. In 2000, DLJ merged with Credit Suisse First Boston, a subsidiary of Credit Suisse Group which has almost 150 years of experience and operates in over 50 countries with over 60,000 employees.
In his course on Management of Financial Institutions, Professor Jones provides an extremely rich, interactive classroom experience which insists on a highly interactive environment of student participation with a heavy emphasis on current financial/market news.
Professor Jones brings into his classes each semester a series of star practitioners from the financial services industry that offer an opportunity to delve into all aspects of the capital markets and receive a "Learn at the Knee of the Master" understanding of how these markets operate.
Soohun Kim Assistant Professor
Dr. Soohun Kim received his PhD from the Kellogg School of Management, Northwestern University, in 2013. He holds the economics bachelor’s degree from Seoul National University, South Korea.
His teaching and research interests are in derivatives and financial econometrics. His work attempts to extract the information in the financial market data, such as option prices and high frequency trading data, and relates the information to the finance theory. He has presented his papers at the WFA conference and served as a discussant for various conferences. Suzanne Lee Associate Professor of Finance
Dr. Suzanne Lee received her PhD and MBA from the University of Chicago’s Booth School of Business. She holds an MS in statistics also from the University of Chicago, and a bachelor's degree in statistics with honors from Ewha Women’s University in Seoul, South Korea.
Dr. Lee’s teaching and research interests are in the areas of investment, financial econometrics, asset pricing, derivative markets, and market microstructure. She is a recipient of various research awards and teaching fellowships. Her research work has appeared in the Journal of Finance, the Review of Financial Studies, the Journal of Financial Economics, and the Journal of Econometrics. She has presented her research at many academic conferences and seminars and served as a session chair and a discussant for various conferences.
Daniel Weagley Assistant Professor of Finance
Dr. Weagley received his PhD in 2014 from the University of Michigan. He holds a bachelor’s degree with emphases in finance and economics from the University of Missouri. His teaching interests are in investments and corporate finance. His current research interests are on the interaction between financial markets and government agencies, financial sector stress and asset prices and the investing ability of individual investors.
His work has been presented at an NBER conference and accepted to present at the Helsinki Finance Summit. His work has been cited by the WSJ MarketWatch. Dr. Weagley teaches Investments at the graduate level. Finance Group Refereed Publications in Financial Times* top 45 list since 2008
2008: 2010:
1. Dass, Nishant, Massimo Massa, and Rajdeep 11. Chava, Sudheer and Amiyatosh Purnanandam, Patgiri, 2008, “Mutual Funds and Bubbles: The 2010, “The Effect of Banking Crisis on Surprising Role of Contractual Incentives,” Review Bank-Dependent Borrowers” Journal of Financial of Financial Studies 21, 51-100. Economics, forthcoming.
2. Eun, Cheol S., Sandy Lai, and Victor Huang, 2008, 12. Chava, Sudheer and Amiyatosh Purnanandam, “International Diversification with Large- and 2010, "Is Default Risk Negatively Related to Stock Small-cap Stocks,” Journal of Financial and Returns?” Review of Financial Studies 23(6), Quantitative Analysis 43, 489-524. 2523-2559.
3. Jain, Bharat, Narayanan Jayaraman, and Omesh 13. Chava, Sudheer and Amiyatosh Purnanandam, Kini, 2008, “The Path-to-Profitability of Internet 2010, “CEOs Vs CFOs: Incentives and Corporate IPO Firms,” Journal of Business Venturing 23, 165- Policies," Journal of Financial Economics 97(2), 194. 263-278.
4. Lee, Suzanne and Per A. Mykland, 2008, “Jumps 14. Chava, Sudheer, Praveen Kumar, and Arthur in Financial Markets: A New Nonparametric Test Warga, 2010, “Managerial Agency and Bond and Jump Dynamics,” Review of Financial Studies Covenants”, Review of Financial Studies, 23, 21(6), 2535-2563. 1120-1148 (Lead Article)
5. Hsieh, Jim and Qinghai Wang, 2008, “Insiders’ 15. Eun, Cheol, Sandy Lai, Frans A. de Roon, and Zhe Tax Preferences and Firm’s Choice between Zhang, 2010, “International Diversification with Dividends and Share Repurchases,” Journal of Factor Funds,” Management Science, 56, 1500-1518. Financial and Quantitative Analysis 43, 213–244. 16. Lee, Suzanne and Jan Hannig, 2010, “Detecting 6. Christoffersen, Peter, Kris Jacobs, Chayawat Jumps from Levy Jump Diffusion Processes,” Ornthanalai, and Yintian Wang, 2008, “Option Journal of Financial Economics 96(2), 271-290. valuation with long-run and short-run volatility components,” Journal of Financial Economics 90, 17. Ke, Dongmin, Lilian Ng, and Qinghai Wang, 272-297. 2010, “Home Bias in Foreign Investment Decisions,” Journal of International Business 7. Chava, Sudheer and Michael Roberts, 2008, “How Studies, 41, 960-979. Does Financing Impact Investment? The Role of Debt Covenant Violations,” Journal of Finance, 63(5), 2085-2121 (Lead Article in the October 2008 2011: issue of Journal of Finance, Finalist for Brattle Prize for the best paper in Corporate Finance published 18. Morse, Adair, Vikram Nanda, and Amit Seru, in Journal of Finance during 2008) 2011, “Are Incentive Contracts Rigged by Powerful CEOs,” Journal of Finance, 66, 1779-1821.
2009: 19. Dass, Nishant and Massimo Massa, 2011, “The Impact of Strong Bank-Firm Relationship on the 8. Khorana, Ajay, Henri Servaes, and Peter Tufano, Borrowing Firm,” Review of Financial Studies, 2009, “Mutual Fund Fees around the World,” 24(4), 1204-1260. Review of Financial Studies, 22(30), 1279-1310. 20. Gopalan, Radha, Vikram Nanda and Vijay 9. Chava, Sudheer, Dmitry Livdan and Amiyatosh Yerramilli, 2011, “Does poor performance damage Purnanandam, 2009, “Do Shareholder Rights the reputation of financial intermediaries? Affect the Cost of Bank Loans”, Review of Financial Evidence from the loan syndication market” Studies, 22, 2973-3004. Journal of Finance, 66(6), 2083-2120.
10. Chakrabarti, Rajesh, Swasti Gupta-Mukherjee, 21. Chava, Sudheer, Catalina Stefanescu and Stuart and Narayanan Jayaraman, 2009, “Mars-Venus Turnbull, 2011, “Modeling Expected Loss”, Marriages – Culture and Cross-Border M&A,” Management Science, 57, 1267-1287. Journal of International Business Studies 40, 216-236. 2012: 2013:
22. Aragon, George and Vikram Nanda, 2012, “On 26. Ferris, Steve, Narayanan Jayaraman, and Sanjiv Tournament Behavior in Hedge Funds: High Sabherwal, 2013 “CEO Overconfidence and Water Marks, Managerial Horizon, and the International Mergers and Acquisitions Activity,” Backfilling Bias,” Review of Financial Studies 25(3), Journal of Financial and Quantitative Analysis, 48(1), 937-974. 137-164.
23. Overby, E. and Jonathan Clarke, 2012, “A 27. Dass, Nishant, Vikram Nanda and Qinghai Wang, Transaction-Level Analysis of Spatial Arbitrage: 2013 “Allocation of Decision Rights and The Role of Habit, Attention, and Electronic Investment Strategy of Mutual Funds,” Journal of Trading,” Management Science, 58, 394-412. Special Financial Economics, 110 (1), 254-277. issue on behavioral economics and finance. 28. Chava, Sudheer, Alex Oettl, Ajay Subramanian 24. Ashraf, Rasha, Narayanan Jayaraman, and Chip and Krishnamoorthy Subramanian, 2013, Ryan, 2012, “Do Pension-Related Business Ties “Banking Deregulation and Innovation”, Journal of Influence Mutual Fund Proxy Voting? Evidence Financial Economics, 109 (3), 759-775. from Shareholder Proposals on Executive Compensation,” Journal of Financial and Quantitative Analysis 47(3), 567-588.
25. Lee, S. S, “Jumps and Information Flow in Financial Markets, 2012” Review of Financial Studies, 25 (2), 439-479.
Accepted and Forthcoming:
29. Gopalan, Radhakrishnan, Vikram Nanda and 36. Dass, Nishant, and Massimo Massa, “The Variety Amit Seru, “Internal Capital Market and Dividend of Maturities Offered by Firms and Institutional Policies: Evidence from Business Groups,” Review Investment in Corporate Bonds," Review of of Financial Studies. Financial Studies.
30. Bradley, D., J. Clarke, Suzanne Lee, and C. 37. Danis, Andras, Daniel A. Rettl, and Toni M. Ornthanalai, “Are analysts’ recommendations Whited, “Refinancing, Profitability, and Capital informative? Intraday evidence on the impact of Structure," Journal of Financial Economics. time stamp delays,” Journal of Finance. 38. Eun, Cheol, Lingling Wang, and Steven Xiao, 31. Hu, Gang, David McLean, Jeffrey Pontiff and “Culture and R2," Journal of Financial Economics. Qinghai Wang, “The Year-End Trading Activities of Institutional Investors: Evidence from Daily Trades,” Review of Financial Studies.
32. Chava, Sudheer, “Environmental Externalities and Cost of Capital,” Management Science.
33. Ekkehart Boehmer, Sudheer Chava and Heather Tookes, “Related Securities and Equity Market Quality: The Case of CDS,” Journal of Financial and Quantitative Analysis.
34. Dass, Nishant, Omesh Kini, Vikram Nanda, Bunyamin Onal, and Jun Wang, 2013, “Board Expertise: Do Directors from Related Industries Help Bridge the Information Gap?," Review of Financial Studies. Tech’s Quantitative and Computational Finance Program Ranked in Top 10
Georgia Tech’s Master of Science in Quantitative and Computational Finance (QCF) is ranked 8th in the nation by the Financial Engineer and 10th in North America by QuantNet.
Tech’s QCF Program is a joint effort of the investment management firms, among Scheller College of Business, School of others, says Sudheer Chava, an associate Mathematics, and School of Industrial and professor of finance who is director of Tech’s Systems Engineering. QCF Program. “Demand is only going to increase because finance is requiring more QCF, sometimes known as “financial and more quantitative and computational engineering” or “financial mathematics,” skills,” Chava explains. employs advanced mathematical models used by the financial sector to structure Competition for admittance into Tech’s transactions, manage risk, and construct 1.5-year QCF program is increasing. The 48 investment strategies. students who joined the program in fall 2014 (average GMAT score: 728, average GRE The Financial Engineer bases its ranking on quant score: 168) were drawn from 723 factors including admission selectivity and applicants. employment statistics. To determine its rankings, QuantNet surveys program “We’re delighted that Georgia Tech’s administrators, hiring managers, and reputation in this field continues to grow,” quantitative finance professionals. Chava says. “We offer a truly interdisciplinary program, with students learning from QCF graduates are increasingly sought after world-class faculty in three great schools. The by investment banks, hedge funds, quality of students we attract is very high. commercial banks, consulting firms, and Ferris-Goldsmith Trading Floor
Wall Street intersects with Technology Program, a summer enrichment program Square, where the Scheller College of enabling local high school students to learn Business' high-tech Ferris-Goldsmith the fundamentals of finance, investments, Trading Floor prepares students for careers and financial management. in investment banking and financial services. Opened in 2006, the Trading Floor was made Featuring multiple dual-display computers possible by the generosity of donors Joyce as well as displays of electronic stock Ferris, widow of Dakin B. Ferris Jr., who information, the 2,000-square-foot Trading earned his bachelor's degree in management Floor is equipped to train students to use the from Tech in 1950 and was vice chairman of financial analysis and electronic trading tools Merrill Lynch; and Barbara and Jere W. used by professional brokerage firms. Goldsmith IV, a 1956 graduate of Tech's business school who is the retired first vice In addition to use in finance courses for president of investments at Merrill Lynch undergraduate and MBA programs, the and former chairman of the Georgia Tech Trading Floor is integral to Tech's Master of Foundation's Development Committee. Science in Quantitative and Computational Finance. It is also the setting for Georgia Tech's popular Wall Street on West Peachtree Academic Programs Taught by Finance Faculty
MBA – Daytime EMBA – Global Business MBA – Evening MS – Quantitative and Computational Finance EMBA – Management of Technology (MOT) BS – Business Administration
Courses Taught by Finance Faculty
Corporate Finance Graduate and Undergraduate Corporate Restructuring Graduate and Undergraduate Derivatives Graduate and Undergraduate Entrepreneurial Finance and Private Equity Graduate and Undergraduate Financial Institutions Graduate and Undergraduate Financial Markets: Trading and Structure Undergraduate Fixed Income Graduate and Undergraduate International Finance Graduate and Undergraduate Investments Graduate and Undergraduate Real Estate Finance Graduate and Undergraduate Security Valuation Undergraduate
Finance Faculty Teaching Awards
MBA Core Professor of the year Narayanan Jayaraman, 1992 CETL/Amoco Junior Faculty Teaching Excellence Award Narayanan Jayaraman, 1993 E. Roe Stamps IV Excellence-in-Teaching Award Narayanan Jayaraman, 1996 MBA Core Professor of the Year Jonathan Clarke, 2009 James F, Frazier, Jr. Award for Teaching Excellence Jonathan Clarke, 2010 EMBA-MOT Outstanding Professor of the year Narayanan Jayaraman, 2010 Brady Faculty Award for Faculty Teaching Excellence Narayanan Jayaraman, 2011 EMBA-MOT Outstanding Professor of the year Narayanan Jayaraman, 2012 EMBA-MOT Outstanding Professor of the year Narayanan Jayaraman, 2013 MBA Core Professor of the Year Jonathan Clarke, 2013
Finance Faculty Research Award
The Linda and Lloyd L. Byars Award for Sudheer Chava, 2014 Faculty Research Excellence
Finance Faculty Service Award
Georgia Tech Outstanding Service Award Narayanan Jayaraman, 2010 Partial List of Companies that Recruit Finance Majors
Goldman Sachs Capital One Barclays Home Depot Bank of America Delta Airlines SunTrust Coca-Cola Merrill Lynch AT&T Wells Fargo McKesson Deutsche Bank Intel IBM Siemens
Doctoral Program
Recent Student Dissertation Topics Recent Student Placements
Rutgers University • Three Essays on Institutional Investors and Corporate Governance KAIST • Three Essays on the Role of Information Georgia State University Networks in Financial Markets Loyola University – Baltimore • Convergence in Global Markets Loyola University – Chicago • Governance in the Mutual Fund Industry San Jose State University • Financing and Debt Maturity Choices by the Bank of Korea Undiversified Owner-Managers: The University of South Florida Theory and Evidence University of Connecticut • Monitoring versus Incentives Singapore Management University • Essays on Financial Economics University of Hawaii • Essays on International Asset Pricing University of Central Florida • Price Discovery for Dually Traded Securities: University of Rhode Island Evidence from the U.S.-Listed Canadian Stocks
Select Recent Media Coverage
Wall Street Journal, March 28, 2014 CNN, 2010 When Money Doesn’t Add Up U.S. Economy
Washington Post, July 18, 2013 New York Times, April 7, 2010, The Consequences of Chutzpah GM Report Shows Loss, but also Optimism
Science Daily, July 9, 2013 Overconfident CEOs can put Companies at Risk
About Georgia Tech Scheller College of Business
The College is internationally recognized Our professors enjoy a world-class as a leader in business education that’s reputation for their research and teaching, grounded in a deep understanding of how and our top-notch students go on to be advances in technology affect the way entrepreneurs and corporate leaders business is conducted. We provide successful at bridging the worlds of undergraduate, graduate, doctoral, business and technology. professional, and corporate education for some of the future’s brightest business leaders, equipping them with the analytical skills to assess opportunities and apply appropriate technologies for a competitive advantage.
Thanks to the College’s location in Technology Square – the center of Atlanta’s high-tech business community – opportunities abound for our students and faculty to explore synergies between business and technology.
Georgia Tech Scheller College of Business Finance Group | 2015 scheller.gatech.edu