Nagpurnanand R. Prabhala

PrabhalaNagapurnanand

Dr. Prabhala's primary research interest is in the area of empirical corporate finance.  Within this field, he has written on several topics including self-selection, event studies, payout policy, executive compensation, financial fraud, mergers and acquisitions, venture capital, and IPOs. His more recent research focuses on using spatial methods to understand product market and mutual fund competition, on financial intermediation including monetary transmission, bank runs, creditor rights, banking for the unbanked, and bank financing of small firms, and on robo-advising for individual investors. Dr. Prabhala has previously taught at Yale School of Management, Indian School of Business, NUS Singapore, and has been research head at CAFRAL, Reserve Bank of India. 

How India's Currency Crisis Could Shape its Economy

A 500-rupee banknote. What's it like when 86 percent of the banknotes in circulation in a country are rendered worthless overnight? That's what India has been finding out. On the evening of Nov. 9, Indian Prime Minister Narendra Modi announced that, by morning, all 500 and 1,000 rupee notes would no longer be legal tender. The controversial move has sparked protests and criticism of a change too sudden and too poorly planned by the government. Up for debate now is what impact it will have on the Indian economy and on the prime minister's popularity. Read more...

What Your Facebook Friends Say About Your Credit Worthiness

Joining a social network means trading privacy for information. Criminal investigators and advertisers are increasingly inventive in the ways they use Facebook to mine data. Add creditors to this mix. Facebook, last month, received approval for a patent for a mobile payment system that could be used to evaluate a loan applicant’s credit worthiness based on that person’s Facebook friends. Smith School professor Siva Viswanathan discusses the implications. Read more...

Seeking Alpha? Less Competition Helps Beat the Market

One of the most closely scrutinized questions in finance is whether any fund managers can beat the market, year after year. The evidence is far more mixed than you might think from reading stories in the business media about investment "geniuses" of various stripes. New research from the University of Maryland's Robert H. Smith School of Business adds to the evidence that some fund managers indeed can beat the market, but with a caveat: Whether they can do so depends heavily on how much competition their funds have. Read more...

Nagpurnanand R. Prabhala

Dr. Prabhala's primary research interest is in the area of empirical corporate finance.  Within this field, he has written on several topics including self-selection, event studies, payout policy, executive compensation, financial fraud, mergers and acquisitions, venture capital, and IPOs.

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