Sudip Datta

Sudip Datta, professor of finance at Wayne State University's Mike Ilitch School of Business, holds the T. Norris Hitchman Endowed Chair. His research interests and publications span a broad range of finance topics that include mergers and acquisitions, divestitures, executive compensation, initial public offerings of debt securities, capital structure decisions and debt structure choice, insider trading, corporate bankruptcy, corporate pension funding decisions, internal corporate restructuring, and corporate downsizing. A prolific researcher, he has published numerous articles in recent years in journals such as, the Journal of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Journal of Business, Journal of Financial Intermediation, Journal of Applied Corporate Finance, Journal of Banking and Finance, Journal of Financial Research, The Financial Review, and the Journal of Business Finance and Accounting.

Datta has presented his research at various national and international finance conferences. He has received various awards and recognitions for his scholarship. He has received press coverage for his research/expertise and featured in The Wall Street Journal, The Washington Post, Investor's Business Daily, The Detroit News, Detroit Free Press, Economic Intuition, Worcester Telegraph, The Clarion Ledger, The Bowne Review for CFOs & Investment Bankers, CFA Digest and other print, broadcast, and electronic media.

One of his articles won the outstanding paper award at the 1995 national annual conference of the Southern Finance Association. His article on corporate asset sales won the 1996 Outstanding Paper Award from the Journal of Financial Research. He was awarded the 1996 Bentley College Scholar of the Year award for outstanding achievements in scholarly research. Recently, his paper won the Outstanding Paper Award in Corporate Finance at the 2001 Financial Management Association's Annual Conference.

He is a biographee in the latest edition of Who's Who in the World, Who's Who in America, Who's Who in Business and Finance, and Who's Who in American Education and referenced in Encyclopedia of Corporate Governance. Dr. Datta is a reviewer for many well-recognized academic finance journals, such as the Journal of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Journal of Empirical Finance, Journal of Banking and Finance, Financial Management, Journal of International Money and Finance, Journal of Financial Research, Financial Practice and Education, etc.

He is on the Board of Referees for evaluating grant proposals for national and international grant committees, such as the National Science Foundation (NSF), Research Grants Council for the Hong Kong government and European universities (e.g. Katholieke Universiteit Leuven, Belgium). He has been also solicited as the outside reviewer for tenure applicants at various U.S. schools.

He served as the Corporate Finance track chair for the Southern Finance Association meeting held in November 1999 in Key West, Florida. Dr. Datta serves on a regular basis as program committee member for various national academic finance conferences. He is on the Editorial Boards of the Review of Financial Economics and Corporate Ownership and Control.

Dr. Datta has served as financial expert for law firms and engaged in bankrupt firm valuation, valuation of executive stock option grants, divorce settlement, and financial asset valuation. He has expertise in business valuation, estimation of financial damages/forgone earnings due to job-related injuries, valuation of executive and employee stock options, valuation of shareholder damages due to stock price manipulation, insider-trading related damages, private company valuation, mergers/acquisitions, initial public offering and seasoned offerings of securities, etc.

He served as the finance department chair from May 2012 to August 2019. He was a visiting scholar at the University of Michigan Stephen M. Ross School of Business for the Fall 2019 semester.

Research and teaching interests

Research

• Corporate restructuring
• Corporate governance
• Executive compensation
• Investment banking
• Earnings management
• Analysts' earnings forecasts
• Information signaling in financial markets
• Internal capital allocation efficiency in conglomerates
• Corporate bankruptcy
• Capital structure and debt structure choices
• Insider trading
• Product market competition
• Financial market efficiency
• Gender-based corporate decision-making

Teaching

• Corporate Finance
• Corporate Valuation: Techniques, Models and Strategic Applications
• Equity Valuation
• Special Topics in Corporate Valuation
• Ph.D. Seminar in Corporate Finance
• Corporate Financial Management
• Business Financial Management
• Managerial Finance
• Advanced Managerial Finance
• Financial Statement Analysis for Decision-Making