Manoj Kulchania

Manoj Kulchania is an Associate Professor of Finance in the Department of Finance at the Mike Ilitch School of Business, Wayne State University in Detroit, Michigan. He teaches corporate finance, mergers and acquisitions, and investments related courses at the undergraduate and graduate level. His primary research is in areas of corporate finance, cash holdings, capital structure, payout policy, and market microstructure. He has published in top academic finance and journals, including Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Accounting Review, Journal of Corporate Finance, Journal of Financial Intermediation, Journal of Empirical Finance, and Financial Management. He has presented his work in national and international conferences. Professor Kulchania is a member of the American Finance Association, Western Finance Association and the Financial Management Association. He is also an Associate Editor for the European Journal of Finance. He was a Visiting Associate Professor of Finance at the Michigan State University in 2021.

Before joining Wayne State University in 2014, he was at Marquette University. Before that, he has taught at University of Pittsburgh and Indiana University. In his previous life, prior to joining academia, he was a computer programmer. In his spare time, he enjoys jogging, hiking, playing tennis with his daughter, and travelling with family.

Expertise

Corporate finance, mergers and acquisitions, cash holdings, capital structure, payout policy and market microstructure.

Research and teaching interests

• Corporate finance
• Investments
• Market microstructure

Education

• Ph.D. in Business Administration (Finance), University of Pittsburgh, 2010
• M. S. in Computer Science, Indiana University, Bloomington, 2002
• B. S. (Hons), Indian Institute of Technology, Kharagpur, India, 1998

Awards

• Global Learning Faculty Fellow, Wayne State University, 2021
• Semi-Finalist and Alternate, US Fulbright Scholar Program, 2021
• Summer Research Grant, Wayne State University, 2014-2017.
• Miles Summer Research Grant, College of Business Administration, Marquette University, 2014
• University wide Summer Research Fund Award, Marquette University, 2014
• Small Research Grant, College of Business Administration, Marquette University, 2010, 2011.
• Summer Research Grant, College of Business Administration, Marquette University, 2011-2013.
• Doctoral Student Consortium at the Financial Management Association Meetings in Dallas, 2008
• American Finance Association Student Travel Grant, 2008
• Student Honoree, 32nd Annual Honors Convocation, University of Pittsburgh, 2008
• Graduate and Professional Students’ Association, University of Pittsburgh, Travel Grant, 2008, 2009
• Katz Graduate School of Business, University of Pittsburgh, Travel Grant, 2006, 2007, 2008, 2009
• Mervis Fellowship, Katz Graduate School of Business, University of Pittsburgh, 2005-2009
• Indiana University Merit Scholarship, Indiana University, Bloomington, 2000-2002