Anil Kumar

Education

• Master of Research in Management and PhD IESE Business School - University of Navarra (2012 — 2016)
• Master of Science (MS) Birla Institute of Technology and Science (2004 — 2009)

Companies

• Assistant Professor Aarhus BSS - Aarhus University (2017)
• PHD Candidate (Finance) IESE Business School (2012 — 2017)
• Visiting PHD Student MIT Center for Real Estate (2016 — 2016)
• Team Leader JPMorgan Chase (2009 — 2012)
• Visiting Faculty Indian Institute of Technology, Bombay (2010 — 2010)

Publications:

The Effect of Financial Flexibility on Payout Policy (with Carles Vergara-Alert) - Journal of Financial and Quantitative Analysis, 2020, 55(1), 263-289.

Riskiness of Real Estate Development: A Perspective from Urban Economics & Option Value Theory (with David Geltner and Alex M. Van de Minne) - Real Estate Economics, 2020, 48(2), 406-445.

Is There Super-normal Profit in Real Estate Development? (with David Geltner and Alex M. Van de Minne) - Journal of Real Estate Research, Forthcoming

The Effect of Real Estate Prices on Peer Firms (with Einar Cathrinus Kjenstad) - Real Estate Economics, Forthcoming

Working Papers:

Stock Comovement and Financial Flexibility (with Teng Huang, Stefano Sacchetto, and Carles Vergara-Alert)

Revise & Resubmit, Journal of Financial and Quantitative Analysis

Available at https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3470759

Hedging and Competition (with Erasmo Giambona and Gordon M. Phillips)

Available at https://www.nber.org/papers/w29207 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3802342

Estimating Commercial Property Fundamentals from REIT data (with David Geltner and Alex M. Van de Minne)

Available at https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3881407

CEO Connectedness, REIT Investment Activity and Performance (with Stefan Hirth)