Prem Jain

Professor Jain received his PhD in 1984 from the University of Florida, started his academic career at the Wharton School and then moved to Tulane University in 1991. He came to Georgetown in 2000. He has published numerous articles (mostly related to research in the stock market) in the Journal of Finance, Journal of Accounting Research, Journal of Financial Economics, Journal of Accounting and Economics, Review of Financial Studies, Accounting Review, Journal of Business and Journal of Financial and Quantitative Analysis. His work has been quoted in the Wall Street Journal, Barron's, Newsweek and several other newspapers. He has also spent a summer each as a visiting scholar at INSEAD, France and the Commodity Futures Trading Commission, Washington, D.C. He has also taught at ITESM, Mexico and CEIBS, China. His acclaimed book, "Buffett Beyond Value" provides a detailed look at Warren Buffett's investing strategies. It has been published by Wiley Inc. This book along with many other articles provides the background for a course he teaches at Georgetown.

Education

• University of Florida - Ph.D.
• University of Rochester - M.S

Publications.

Prem C. Jain. Buffett Beyond Value: Why Warren Buffett Looks to Growth and Management When Investing. Hoboken, N.J., U.S.A.: John Wiley and Sons, 2010

Prem C Jain and Valentin Dimitrov. "It's Showtime: Do Managers Report Better News before Annual Shareholder Meetings?." Journal of Accounting Research (2011)

H. Berkman, V. Dimitrov, Prem C. Jain, P. Koch, S. Tice. "Sell on the News: Differences of Opinion, Short-sales Constraints, and Returns around Earnings Announcements." Journal of Financial Economics, 92, 3 (2009): 376-399.

Valentin Dimitrov and Prem C. Jain. "The Value-relevance of Changes in Financial Leverage beyond Growth in Assets and GAAP Earnings." Journal of Accounting, Auditing and Finance (2008): 191-222.

Prem C. Jain and Joshua Rosett. "Macroeconomic Variables and E/P Ratio: Is Inflation Really Positively Associated with the E/P Ratio?." Review of Quantitative Finance and Accounting, 27, 1 (2006): 5-26.

Valentin Dimitrov and Prem C. Jain. "Recapitalization of One Class of Common Stock into Dual-Class: Growth and Long-run Stock Returns." Journal of Corporate Finance (2006): 342-366.

Aloke Ghosh, Zhaoyang Gu, and Prem C. Jain. "Sustained Earnings and Revenue Growth, Earnings Quality, and Earnings Response Coefficients." Review of Accounting Studies (2005): 33-57.

Hemang Desai and Prem C. Jain. "Long-Run Stock Returns Following Briloff's Analyses." Financial Analysts Journal, 60, 2 (2004): 47-56.

Aloke Ghosh, Prem C. Jain. "Financial Leverage Changes Associated with Corporate Mergers." Journal of Corporate Finance (2000): 377-402.

Prem C. Jain and Joanna Wu. "Truth in Mutual Fund Advertising: Evidence on Future Performance and Fund Flows." Journal of Finance (2000): 937-958.

Hemang Desai, Prem C. Jain. "Firm Performance and Focus: Long-run Stock Market Performance Following Spinoffs." Journal of Financial Economics (1999): 75-101.

Hemang Desai, Prem C. Jain. "Long-run Common Stock Returns Following Stock Splits and Reverse Splits." Journal of Business (1997): 409-433.

Hemang Desai, Prem C. Jain. "An Analysis of the Recommendations of the "Superstar" Money Managers at Barron's Annual Roundtable." Journal of Finance (1995): 1257-1273.

Eric Chang, Prem C. Jain, Peter Locke. "S&P 500 Index Futures Volatilty and Price Changes around the NYSE Close." Journal of Busiess (1995): 61-84.

Prem C. Jain. "Equity Issues and Changes in Expectations of Earnings by Financial Analysts." Review of Financial Studies, 5, 4 (1992): 669-684.

Tom Dowdell, Suresh Govindaraj, Prem C. Jain. "The Tylenol Incident, Ensuing Regulation, and Stock Prices." Journal of Financial and Quantitative Aanlysis (1992): 283-301.

Michael Hertzel, Prem C. Jain. "Earnings and Risk Changes around Stock Repurchase Tender Offers." Journal of Accounting and Economics (1991): 253-274.

Victor J. Defeo, Prem C. Jain. "Stock Splits: Price Per Share and Trading Volume." Advances in Quantitative Analysis of Finance and Accounting, B (1991): 1-22.

Bipin Ajinkya, Prem C. Jain. "The Behavior of Daily Stock Market Trading Volume." Journal of Accounting and Economics (1989): 331-359.

Prem C. Jain. "Response of Hourly Stock Prices and Trading Volume to Economic News." Journal of Business (1988): 219-231.

Prem C. Jain, Gun-Ho Joh. "The Dependence Between Hourly Prices and Trading Volume." Journal of Financial and Quantitative Analysis (1988): 269-283.

Prem C. Jain. "The Effect on Stock Prices of Inclusion in and Exclusion from the S&P 500." Financial Analysts Journal (1987): 58-65.

Prem C. Jain. "The Time Series Behavior of Annual Accounting Earnings: A Comparison of the Random Walk with the Constant Percentage Growth Models." Advances in Financial Planning and Forecasting (1987): 179-204.

Prem C. Jain. "Analyses of the Distribution of Security Market Model Prediction Errors for Daily Returns Data." Journal of Accounting Research (1986): 76-96.

Prem C. Jain. "Relation Between Market Model Prediction Errors and Omitted Variables - A Methodological Note." Journal of Accounting Research (1986): 187-193.

Prem C. Jain. "The Effect of Voluntary Sell-off Announcements on Shareholder Wealth." Journal of Finance (1985): 209-224.

Prem C. Jain. "The Impact of Accounting Regulation on the Stock Market: The Case of Oil and Gas Companies, Some Additional Results." The Accounting Review (1983): 633-638.

Prem C. Jain. "Cross-sectional Association Between Abnormal Returns and Firm Specific Variables." Journal of Accounting and Economics (1982): 205-228.