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Sreedhar Bharath
Biography:
Sreedhar Bharath is the Richard C Kraemer Professor of Finance. He joined the W. P. Carey School of Business in 2010 after teaching at the University of Michigan Ross School of Business and the Stern School of Business, New York University.
Professor Bharath's research interests focus on Corporate Finance, Banking and Credit Risk. His work has been published in the Journal of Finance, Journal of Financial Economics, Review of Financial Studies and The Accounting Reasearch, among other leading publications.
Professor Bharath has been recognized for his achievements in academia, including
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The Bank One Corporation Assistant Professor of Business Administration - Ross School of Business, University of Michigan 2009-2010 School wide Research Award
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Crowell Memorial Prize (Second Place), 2012, PanAgora Asset Management, - "Liquidity Risk of Corporate Bond Returns - A Conditional Approach".
- Review of Financial Studies Distinguished Referee, 2012.
- LECG Best Paper Award in Corporate Finance at the 2007 European Finance Association Annual Meetings - "Why do Firms Use Private Equity to Opt Out of Public Markets?"
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Journal of Financial Economics Best Paper in Capital Markets and Asset Pricing, Second (Fama/DFA) Prize, 2007 - "Does Industry-wide Distress Affect Defaulted Firms? - Evidence from Creditor Recoveries"
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Fannie Mae Best Paper Award in Financial Institutions and Markets at the 2004 Financial Management Association Annual Meetings - "So What do I Get: A Bank's View of Lending Relationships?"
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Caesarea Center 5th Annual Academic Conference Best Paper Award, IDC Herzliya 2008 Meeting, Israel - "The Changing Nature of Chapter 11"
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Runner-Up, Lehman Brothers Award for Excellence in Financial Research, 2001
Education:
- Ph.D. New York University
- M.B.A. Indian Institute of Management, Ahmedabad, India
- B.Tech. Inidan Institute of Technology, Madras, India
Research Interests:
- Credit Risk
- Corporate Finance
- Banking
Publications:
- “Lending Relationships and Loan Contract Terms,” with Sandeep Dahiya, Anthony Saunders and Anand Srinivasan, Review of Financial Studies, 2011
- “Why do Firms Use Private Equity to Opt Out of Public Markets?” (Lead Article) (with Amy Dittmar), Review of Financial Studies 23, 2010, pp.1771-1818.
- “Forecasting Default with the Merton Distance-to-Default Model,” with Tyler Shumway, Review of
- Financial Studies 21(3), 2008, pp.1339-1369
- “Liquidity Risk of Corporate Bond Returns,” with Viral Acharya and Yakov Amihud (Forthcoming, Journal of Financial Economics)
Research Activity:
- “Does Shareholder Rights Affect Syndicate Structure? Evidence from a Natural Experiment,” Sandeep Dahiya and Issam Hallak
- “Agency Costs, Bank Specialness and Renegotiation”
- “How Do Banking Relationships Affect Corporate Liquidity?” with Yakov Amihud and Anthony Saunders
| Spring 2022 | |
|---|---|
| Course Number | Course Title |
| FIN 565 | Risk Mgmt in Banks & Fncl Inst |
| FIN 591 | Seminar |
| Spring 2021 | |
|---|---|
| Course Number | Course Title |
| FIN 565 | Risk Mgmt in Banks & Fncl Inst |
| FIN 591 | Seminar |
| FIN 786 | Corporate Finance |
| Spring 2020 | |
|---|---|
| Course Number | Course Title |
| FIN 565 | Risk Mgmt in Banks & Fncl Inst |
| FIN 591 | Seminar |
| Spring 2019 | |
|---|---|
| Course Number | Course Title |
| FIN 565 | Risk Mgmt in Banks & Fncl Inst |
| FIN 786 | Corporate Finance |
| Spring 2018 | |
|---|---|
| Course Number | Course Title |
| FIN 565 | Risk Mgmt in Banks & Fncl Inst |
| Fall 2017 | |
|---|---|
| Course Number | Course Title |
| FIN 560 | International Finance |
Honors / Awards:
- The Bank One Corporation Assistant Professor of Business Administration - Ross School of Business, University of Michigan 2009-2010 School wide Research Award
- LECG Best Paper Award in Corporate Finance at the 2007 European Finance Association Annual Meetings - “Why do Firms Use Private Equity to Opt Out of Public Markets?”
- Journal of Financial Economics Best Paper in Capital Markets and Asset Pricing, Second (Fama/DFA) Prize, 2007 – “Does Industry-wide Distress Affect Defaulted Firms? – Evidence from Creditor Recoveries”
- Fannie Mae Best Paper Award in Financial Institutions and Markets at the 2004 Financial Management
- Association Annual Meetings - “So What do I Get: A Bank’s View of Lending Relationships?”
- Caesarea Center 5th Annual Academic Conference Best Paper Award, IDC Herzliya 2008 Meeting, Israel “The Changing Nature of Chapter 11”
Work History:
Arizona State University: Present, Richard C Kraemer Professor of finance; University of Michigan, Ross School of Business: Assistant professor of finance
Expertise Areas: