Uday Rajan

David B. Hermelin Professor of Business Administration
Professor of Finance
Finance Faculty Doctoral Coordinator

Education
PhD Stanford University 1995
MSIA Carnegie Mellon University 1986
BA University of Delhi 1984
Biography

Uday Rajan's research focuses on informational frictions such as adverse selection and moral hazard and their effect on market transactions, with recent work on the role of credit ratings in the financial markets and on FinTech competition in banking. Uday was a Vice President of Fixed Income Research at Drexel Burnham Lambert in the late 1980s, and received a PhD in Economics from Stanford University in 1995. His research has been published in top-tier journals such as the American Economic Review, Journal of Finance, Journal of Financial Economics, and Review of Financial Studies. He has received the Goldman Sachs Asset Management award for the best paper in the Review of Finance and the NYSE award for the best paper on equity trading at the WFA meetings. He has been an Editor of the Review of Corporate Finance Studies, an Associate Editor of the Journal of Finance and Management Science, and an editorial board member of Marketing Science. He is a former President of the Finance Theory Group and former Director of the Western Finance Association, and is currently the Vice-President Elect and a Director of the Financial Intermediation Research Society. He has received MBA teaching awards at the Ross School and at Carnegie Mellon, and a PhD teaching award at the Ross School.

Latest Faculty News & Research
Authors
Christine Parlour, Uday Rajan, and Johan Walden
Published Date
04/2022
Authors
Christine Parlour, Uday Rajan, and Johan Walden
Source
Journal of Finance
Volume
77
Issue
2
Pages
1019-1053
Contracting on Credit Ratings: Adding Value to Public Information
Authors
Christine A. Parlour, Uday Rajan
Published Date
2020
Authors
Christine A. Parlour, Uday Rajan
Source
The Review of Financial Studies (RFS)
Volume
33
Issue
4
Pages
1412-1444
Signaling Quality via Long Lines and Uninformative Prices
Authors
Laurens Debo, Uday Rajan, and Senthil Veeraraghavan
Published Date
2020
Authors
Laurens Debo, Uday Rajan, and Senthil Veeraraghavan
Source
Manufacturing and Service Operations Management
Volume
22
Issue
3
Pages
513-537
Cryptocurrencies: Stylized Facts on a New Investible Instrument
Authors
Albert Hu, Christine Parlour, and Uday Rajan
Published Date
2019
Authors
Albert Hu, Christine Parlour, and Uday Rajan
Source
Financial Management (FM)
Volume
48
Issue
4
Pages
1049--1068
Encyclopaedia of Quantitative Finance
Authors
Christine Parlour, Uday Rajan
Published Date
2010
Authors
Christine Parlour, Uday Rajan
Source
Wiley
Pages
13-15
Adverse Selection
Rama Cont