Simi Kedia

Simi Kedia is the Albert R. Gamper Chair in Business at Rutgers Business School. She has also been a faculty at Harvard Business School. Professor Kedia’s research interests are in empirical corporate finance and span corporate governance, financial misconduct, credit ratings, proxy voting and hedge fund activism. Her research has been cited in the popular press, including The Wall Street Journal, The New York Times, New Yorker, Forbes, Fortune, Financial Times, CNBC and NPR Market Place.

Key awards include Brenan Award for the Best Paper published in Review of Finance Studies in 2009, Dean’s Meritorious Research Award 2016, 2013, 2011 at Rutgers Business School, Distinguished Referee Award 2012 from Review of Financial Studies and 2012 Glen McLaughlin Prize for Research in Accounting Ethics.

She is an Associate Editor for Management Science. She has also served as an Associate Editor for Review of Financial Studies and Financial Management. She also serves on the board of Financial Management Association.

Executive MBA Experience

Professor Simi Kedia presents, Advanced Financial Management: Mergers and Acquisitions (M&A) Strategy, a course that makes the Finance program—ranked #6 globally by BusinessWeek—even stronger. She leverages her vast publishing record by presenting this hard-hitting module that explores the theory and reality of mergers and acquisitions. Exploring differences in corporate governance philosophies, along with the role of financial institutions in an international setting makes the inclusion of this module a testament to the timeliness of the Rutgers EMBA curriculum.

Education

• Ph.D NYU Stern School of Business (1991 — 1997)

HONORS AND AWARDS

• Dean’s Award for Meritorious Research, 2016, Rutgers Business School
• Dean’s Award for Meritorious Research, 2013, Rutgers Business School
• 2012 Distinguished Referee Award from Review of Financial Studies
• 2012 Glen McLaughlin Prize for Research in Accounting Ethics
• Dean’s Award for Meritorious Research, 2011, Rutgers Business School
• Brenan Award for the Best Paper published in Review of Finance Studies in 2009.
• Junior Faculty Research Award, Rutgers Business School, 2007.
• Ken Trefftz Award for the best student paper, presented at the Western Finance
• Association Meetings in 1997.
• Stern's Distinguished Dissertation Award, New York University 1996-1997
• Joseph. H. Taggart Fellowship, New York University, 1994-1995.
• University Doctoral Fellowship, New York University, 1991-1994.
• Dr. K Nath Scholarship, IIM Calcutta, 1989. (for being the 7th rank holder)
• Business World Scholarship, IIM Calcutta, 1989.

PUBLISHED AND ACCEPTED PAPERS

• “The SEC’s Enforcement Record Against Auditors” Co-authored with Urooj Khan and
• Shivaram Rajgopal, Forthcoming Journal of Law, Finance and Accounting.
• “Large Shareholders and Credit Ratings” Co-authored with Shivaram Rajgopal and Xing Zhou, Journal of Financial Economics, 2017. Covered in Financial Times, and Forbes.
• “Rank and file employees and the discovery of misreporting: The role of stock options,” Co-authored with Andrew Call and Shivaram Rajgopal, Journal of Accounting and Economics, 2016. Winner of the Glen McLaughlin Prize for Research in Accounting and Ethics.
• “Does the Revolving Door Affect the SEC’s Enforcement Outcomes,” Co-authored with Ed DeHann, Kevin Koh and Shivaram Rajgopal, Journal of Accounting and Economics 2015. Covered in New York Times, Wall Street Journal, Forbes, CNBC, Seeking Alpha, Thomson Reuters, NPR Market Place and Harvard Law School Forum.
• “Evidence on Contagion in Earnings Management,” Co-authored with Kevin Koh and
• Shiva Rajgopal, The Accounting Review, 2015. Covered in the New York Times, Fortune, Accounting Weekly, Accounting Today, CFO.com among others.
• “Did Going Public Impair Moody’s Credit Rating” Co-authored with Shiva Rajgopal and Xing Zhou. Journal of Financial Economics, 2014
• “Insider Trading around Acquisitions: Evidence from Corporate Bonds” Co-authored
• with Xing Zhou. Journal of Financial Markets, 2014
• “Do SEC’s Enforcement Preferences affect Corporate Misconduct,” Co-authored with Shivaram Rajgopal, Journal of Accounting and Economics, 2011.
• “Local Market Makers, Liquidity and Market Quality” Co-authored with Xing Zhou.
• Journal of Financial Markets, 2011.
• “Why do only Some NASDAQ Firms Switch to NYSE?” Co-authored with Venkatesh
• Panchapagesan, Journal of Financial Markets, Vol. 14, 2011.
• “When do Vertical Mergers Create Value” Co-authored with Avri Ravid and Vicente
• Pons. Financial Management Vol. 40, 2011
• “Institutional Ownership and Monitoring: Evidence from Financial Misreporting,” Coauthored with Natasha Burns and Marc Lipson. Journal of Corporate Finance, Vol. 16, 2010
• “Neighborhood Matters: The impact of Location of Broad-based Option Plans”, Coauthored with Shivaram Rajgopal. Journal of Financial Economics, April 2009, V. 92.
• “The Economics of Fraudulent Accounting,” Co-authored with Thomas Phillipon. Review of Financial Studies 2009, 22 (6). Awarded the Brennan Prize for the best paper published in Review of Financial Studies. Covered in New York Times and New Yorker among others.
• “Executives Option Exercises and Financial Misreporting,” Co-authored with Natasha Burns. Journal of Banking and Finance 32, 2008.
• “Geography and Acquirer Returns,” wth Venkatesh Panchapagesan and Vahap Uysal. Journal of Financial Intermediation 17, 2008.
• “The Impact of CEO Incentives on Misreporting,” Co-authored with Natasha Burns. Journal of Financial Economics 79, 2006.
• “Estimating Product Market Competition: Methodology and Application” Journal of Banking and Finance 30, 2006.
• “Foreign Currency Denominated Debt: An Empirical Examination” Co-authored wit Abon Mozumdar. Lead article Journal of Business, October 2003.
• “Explaining the Diversification Discount” Co-authored with Jose Campa. Journal of Finance, August 2002.

WORKING PAPERS

• “Compliance History: Effect on Financial Reporting Risk,” Co-authored with Shuqing Luo and Shiva Rajgopal.
• “Mutual Fund Board Connections and Proxy Voting,” with Paul Calluzzo
• “Whistle Blowing and Forced CEO Turnover: How do Socially Responsible Employees and Directors React to Misconduct,” Co-authored with Fred Bereskin and Terry Campbell.
• “Institutional Investors and Hedge Fund Activism” Co-authored with Laura Starks and Xianjue Wang.
• “The Impact of Hedge Fund Activism on Firm Activities: Evidence from 8-K Filings”, Co-authored with Xianjue Wang and Xiaofei Zhao.
• “Customer-Supplier Links: Spread and Mitigation of Corporate Misconduct”
• “Effect of Defaults in Municipal Bonds,” with Xin Cheng
• “Term Limits and Municipal Borrowing Costs,” Co-authored with Alex Abakah
• “The SEC’s Enforcement Record Against Auditors” Co-authored with Urooj Khan and Shiva Rajgopal.
• “The Revolving Door for SEC Accountants,” Co-authored with Stacie Sun.
• “Firm Visibility and Corporate Bond Liquidity,” Co-authored with Oliver Chang, Jason Wei and Xing Zhou.
• “The Effect of CEO Compensation on Relation-Specific Investments by Customers and Suppliers,” Co-authored with Jayant Kale and Ryan Williams,
• “CEO-Director Connections and Corporate Fraud” Co-authored with N.K. Chidambaran and N.R. Prabhala
• “Performance Impact of Employee Stock Options”, Co-authored with Abon Mozumdar.
• “Design of Corporate Governance: Role of Ownership Structure, Takeovers, Bank Debt and Large Shareholder Monitoring” Co-authored with Kose John.
• “Institutions, Markets and Growth: A Study of Comparative Corporate Governance” Coauthored with Kose John.

OTHER PUBLICATIONS

• “Adecco S.A.’s acquisition of Olsten Corp”, in Kester, Ruback and Tufano ed., Case Problems in Finance, Twelfth Edition McGraw-Hill Irwin and Harvard Business School, Case No. N9-201-068.
• “Vodafone AirTouch’s bid for Mannesmann”, in Kester, Ruback and Tufano ed., Case Problems in Finance, Twelfth Edition McGraw-Hill Irwin and Harvard Business School, Case No 9-201-096.
• “Adecco S.A.’s acquisition of Olsten Corp”, in Kester, Ruback and Tufano ed., Case Problems in Finance, Twelfth Edition McGraw-Hill Irwin and Teaching Note, Harvard Business School.
• “Vodafone AirTouch’s bid for Mannesmann”, in Kester, Ruback and Tufano ed., Case Problems in Finance, Twelfth Edition McGraw-Hill Irwin and Teaching Note, Harvard Business School.