Amiyatosh Purnanandam

Amiyatosh Purnanandam

  • Professor of Finance
Education
  • PhD Cornell University 2005
  • PGDM (MBA) Indian Institute of Management 1995
  • BTech Indian Institute of Technology 1993

Contact Information

Phone
(734) 764-6886
Email
Room
R5436
Research

Amiyatosh's research covers a wide range of topics in banking, real estate, corporate finance and credit risk. His recent research work is mostly related to banking, subprime crisis, mortgage finance, and incentives of government agencies. These papers analyze causes and consequences of financial crisis, measurement and reporting of risk in banking sector, design of mortgage-backed-securities, incentive issues in securitization markets, and the effect of market pressure on bureaucracies' actions. Some of his earlier work has analyzed the effect of default risk on corporate financial policies, and equity returns. In addition, several of his papers focus on corporate financing decisions involving IPOs and SEOs. His research has been published in leading journals such as Journal of Financial Economics, Journal of Finance, Review of Financial Studies, Review of Finance, and Journal of Monetary Economics. He currently serves as an Editor of Review of Finance and Associate Editor of Review of Financial Studies, Journal of Financial Intermediation, Journal of Banking and Finance, and International Review of Finance.

Growth Option Exercise and Capital Structure

Authors
Amiyatosh Purnanandam & Uday Rajan
Published Date
1/2018

Source

Review of Finance
Volume: 
22
Issue: 
1
Pages: 
207-241

Design of Financial Securities: Empirical Evidence from Private Label RMBS Deals

Authors
Amiyatosh Purnanandam & Taylor Begley
Published Date
01/2017

Source

The Review of Financial Studies (RFS)
Volume: 
30
Issue: 
1
Pages: 
120-161

The strategic under-reporting of bank risk

Authors
Amiyatosh Purnanandam, Taylor Begley, and KC Zheng
Published Date
05/2017

Source

The Review of Financial Studies (RFS)
Volume: 
30
Issue: 
10
Pages: 
3376-3415

Can Markets Discipline Government Agencies? Evidence from the Weather Derivatives Market

Authors
Amiyatosh Purnanandam and Daniel Weagley
Published Date
2016

Source

Journal of Finance
Volume: 
71
Issue: 
1
Pages: 
303-334

Seasoned Equity Offerings, Corporate Governance, and Investments

Authors
Amiyatosh Purnanandam & E Han Kim
Published Date
07/2014

Source

Review of Finance
Volume: 
18
Issue: 
3
Pages: 
1023-1057
Authors
Amiyatosh Purnanandam
Published Date
2011

Source

The Review of Financial Studies (RFS)
Volume: 
0
Issue: 
0
Pages: 
0

The effect of banking crisis on bank-dependent borrowers

Authors
Amiyatosh Purnanandam
Published Date
01/2011

Source

Journal of Financial Economics
Volume: 
99
Issue: 
1
Pages: 
116-135

CEOs vs. CFOs: Incentives and Corporate Policies

Authors
Amiyatosh Purnanandam
Published Date
2010

Source

Journal of Financial Economics
Volume: 
97
Issue: 
2
Pages: 
263-278

Is Default Risk Negatively Related to Stock Returns?

Authors
Amiyatosh Purnanandam
Published Date
2010

Source

The Review of Financial Studies (RFS)
Volume: 
23
Issue: 
6
Pages: 
2523-2559

Do Shareholder Rights affect the Cost of Bank Loans?

Authors
Amiyatosh Purnanandam
Published Date
2009

Source

The Review of Financial Studies (RFS)
Volume: 
22
Issue: 
8
Pages: 
2973-3004
Ross Thought In Action
New research by Professor Amiyatosh Purnanandam and PhD alumnus Taylor Begley shows poor and minority customers see inferior mortgage services from banks.

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