Kartik Raman

Prof Raman studies agency, product markets, and financial reporting choices in the context of corporate investment and financing decisions. His research has been published in top tier Finance and Accounting journals.

Education

• Ph.D. Binghamton University
• MBA Georgia Southern University
• Bachelor of Science Armstrong State College

Teaching Interests

Equity valuation; Portfolio management; Fixed income markets; Applied investments;

Research Interests

Corporate investment and financing policies; Agency; Product markets; Financial reporting decisions; Board structure

Consulting/Practice Interests

Expertise in assessing Fair Value (in accordance with FAS 157) of investments in private firms and hard to value assets; fixed income securities including mortgage backed securities, credit default swaps; auction rate securities; CMOs; CDOs; investments in hedge funds and private equity funds;

Awards and Honors

• 2011, Outstanding Scholarly Contribution Award, Bentley University
• 2009, Semi-Finalist, Best Paper in Corporate Finance Award, Financial Management Association Conference, 2009
• 2002, George and Louis Kane Professorship: 2002 to present
• 2001, Outstanding Business Finance Competitive Paper Award, Financial Management Association Annual Conference
• 1999, Outstanding Business Finance Competitive Paper Award, Financial Management Association Annual Conference

Publications

Journal Articles

• Hasan, I., Minnick, K. L., Raman, K. (2020). Credit allocation when borrowers are economically linked: An empirical analysis of bank loans to corporate customers. Journal of Corporate Finance, (62) June
• Minnick, K. L., Raman, K. (2020). Director Industry Expertise and Voluntary Corporate Disclosure. Quarterly Journal of Finance, (10 (3) )
• Gupta, A., Raman, K., Shang, C. (2020). Do informal contracts matter for corporate innovation? Evidence from social capital. Journal of Financial and Quantitative Analysis, (55) 5 1657-1684.
• Gupta, A., Raman, K., Shang, C. (2018). Social capital and the cost of equity. Journal of Banking and Finance, (87) 102-117.
• Minnick, K. L., Raman, K. (2017). Board composition and relationship-specific investments by customers and suppliers. Financial Management, (46) 1 203-239.
• Gupta, A., Raman, K. (2014). Board diversity and CEO selection. Journal of Financial Research, (Vol. 37) 4 495-517.
• Minnick, K. L., Raman, K. (2014). Why are stock splits declining?. Financial Management, (43) 1 29-60.
• Raman, K., Shivakumar, L., Tamayo, A. (2013). Target's earnings quality and bidders' takeover decisions. Review of Accounting Studies, (18) 4 1050-1087.
• Minnick, K. L., Raman, K. (2013). Why are Stock Splits Disappearing?. , CFA Digest, 43(4), (43) 4
• Erhemjamts, O., Raman, K. (2012). The Role of Investment Bank Reputation and Relationships in Equity Private Placements. Journal of Financial Research, (35) 2 183-210. (Link)
• Erhemjamts, O., Raman, K., Shahrur, H. (2010). Industry structure and corporate debt maturity. The Financial Review, (45) 3 627-657. (Link)
• Raman, K., Shahrur, H. (2008). Relationship-specific investments and earnings management: Evidence on corporate suppliers and customers. The Accounting Review, (83) 4 1041-1081.
• Datta, S., Raman, K. (2007). Are convertible bond calls harbingers of bad news?. Corporate Ownership and Control, (4) 4 183-192.
• Datta, S., Iskandar-Datta, M., Raman, K. (2005). Managerial Stock Ownership and the Maturity Structure of Corporate Debt. Journal of Finance, (60) October 2333-2350.
• Datta, S., Iskandar-Datta, M., Raman, K. (2005). Executive Compensation Structure and Corporate Equity Financing Decisions. Journal of Business, (September) 1859-1889.
• Datta, S., Iskandar-Datta, M., Raman, K. (2004). In Defense of Incentive Compensation: Evidence on Acquisition Policy. Journal of Applied Corporate Finance. Fall 82-88.
• Datta, S., Iskandar-Datta, M., Raman, K. (2003). Convertible Bond Calls: Resolution of the Information Content Puzzle. Journal of Financial Intermediation, (12) 255-276.
• Datta, S., Iskandar-Datta, M., Raman, K. (2003). Value Creation in Corporate Asset Sales: The Role of Managerial Performance and Lender Monitoring. Journal of Banking and Finance, (27) 351-375.
• Datta, S., Iskandar-Datta, M., Raman, K. (2003). Value Creation in Corporate Divestitures. Corporate Finance Review, (7) 25-36.
• Datta, S., Iskandar-Datta, M., Raman, K. (2001). Executive Compensation and Corporate Acquisition Decisions. Journal of Finance, (56) 2299-2336.
• Datta, S., Iskandar-Datta, M., Raman, K. (2000). Debt Structure Adjustments and Long-run Stock Price Performance. Journal of Financial Intermediation, (9) 427-453.

Book Chapters

• Erhemjamts, O., Raman, K. (2011). Financial Restructuring In , (Eds.) The Art of Capital Restructuring: Creating Shareholder Value Through Mergers and Acquisitions . John Wiley & Sons, Inc.