Vijay Yerramilli

Vijay Yerramilli is the C. T. Bauer Professor of Finance, and the Faculty Director of the MS in Finance program at the Bauer College of Business. He received his Ph.D. in Finance from the Carlson School of Management at the University of Minnesota in 2005. Prior to joining the University of Houston in 2010, he was an Assistant Professor in the Kelley School of Business at Indiana University.

Research Interests

Corporate Finance, Contract Theory, Real Options and Investments, Financial Institutions, Entrepreneurial Finance, Mergers and Acquisitions.

Education

• Ph.D., 2005, Carlson School of Management, University of Minnesota
• MBA, 1996, Indian Institute of Management
• B. Tech, 1994, Indian Institute of Technology

Academic Appointments

• 2023–: C. T. Bauer Professor of Finance
  C. T. Bauer College of Business, University of Houston
• 2021–2023: John H. Duncan Professor of Finance
  C. T. Bauer College of Business, University of Houston
• 2018–2021: John H. Duncan Associate Professor of Finance
  C. T. Bauer College of Business, University of Houston
• 2014–2018: Associate Professor of Finance
  C. T. Bauer College of Business, University of Houston
• 2010–2014: Assistant Professor of Finance
  C. T. Bauer College of Business, University of Houston
• 2005–2010: Assistant Professor of Finance
  Kelley School of Business, Indiana University

Publications:

• "Firm Size, Capital Investment and Debt Financing over Industry Business Cycles" (with Praveen Kumar)
• Forthcoming, Journal of Financial and Quantitative Analysis
• "Reference Prices, Relative Values, and the Timing of M&A Announcements" (with Sangwon Lee)
• Journal of Corporate Finance, 2022, Vol. 76
• "Do Sunk Costs Affect Prices in the Housing Market?" (with Dimuthu Ratnadiwakara)
• Management Science, 2022, Vol. 68, pp. 9061--9081
• "Seed-Stage Success and Growth of Angel Co-investment Networks" (with Buvaneshwaran Venugopal)
• Review of Corporate Finance Studies, 2022, Vol. 11, pp. 169--210
• (Here's the Internet Appendix)
• "Monitoring in Originate-to-Distribute Lending: Reputation versus Skin in the Game" (with Andrew Winton)
• Review of Financial Studies, 2021, Vol. 34, pp. 5886--5932
• (Here's the Internet Appendix)
• "Optimal Capital Structure and Investment with Real Options and Endogenous Debt Costs" (with Praveen Kumar)
• Review of Financial Studies, 2018, Vol. 31, pp. 3452--3490
• "Uncertainty, Capital Investment, and Risk Management" (with Hitesh Doshi and Praveen Kumar)
• Management Science, 2018, Vol. 64, pp. 5769--5786
• (Here's the Internet Appendix)
• "Debt Maturity Structure and Credit Quality" (with Radhakrishnan Gopalan and Fenghua Song)
• Journal of Financial and Quantitative Analysis, 2014, Vol. 49, pp. 817--842
• "Market Efficiency, Managerial Compensation, and Real Efficiency" (with Rajdeep Singh)
• Journal of Corporate Finance, 2014, Vol. 29, pp. 561--578
• "Stronger Risk Controls, Lower Risk: Evidence from U.S. Bank Holding Companies" (with Andrew Ellul)
• Journal of Finance, 2013, Vol. 68 (5), pp. 1757--1803
• (Here's the Internet Appendix)
• "Moral Hazard, Hold-up, and the Optimal Allocation of Control Rights"
• RAND Journal of Economics, 2011, Vol. 42 (4), pp. 705--728
• "Does poor performance damage the reputation of financial intermediaries? Evidence from the loan syndication market"
• (with Radhakrishnan Gopalan and Vikram Nanda)
• Journal of Finance, 2011, Vol. 66 (6), pp. 2083--2120
• "Why do Firms Form New Banking Relationships?" (with Radhakrishnan Gopalan and Gregory F. Udell)
• Journal of Financial and Quantitative Analysis, 2011, Vol. 46 (5), pp. 1335--1365
• "Entrepreneurial Finance: Banks versus Venture Capital" (with Andrew Winton)
• Journal of Financial Economics, 2008, Vol. 88 (1), pp. 51--79
• "The effect of decimalization on the components of the bid-ask spread" (with Scott Gibson and Rajdeep Singh) Journal of Financial Intermediation, 2003, Vol. 12, pp. 121--148