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Jayaraman, Narayanan

Narayanan Jayaraman

Williams-Wells Fargo Professor,
Area Coordinator for Finance

Academic Area(s):
Mergers and Acquisitions
Corporate Financial Distress
Options and Equity Market Linkages
Experimental Finance
Entrepreneurial Finance
PhD, University of Pittsburgh

Narayanan Jayaraman is the Williams-Wells Fargo Professor and Area Coordinator for Finance in the Scheller College of Business. He received his Ph. D. from the Katz Graduate School of Business of the University of Pittsburgh. His previous degrees include an MBA from the Indian Institute of Management - Calcutta, and a Bachelor of Technology in Mechanical Engineering from the Indian Institute of Technology - Madras. Prior to attending the Ph. D. program, he was employed as a planning manager for five years at Premier Automobiles Ltd., a large automobile organization in Mumbai, India. Dr. Jayaraman received his Chartered Financial Analyst (CFA) qualification in 2004.

Dr. Jayaraman's research interests are in the areas of Corporate Governance, Mergers and Acquisitions, Corporate Bankruptcy, Option and Equity Market Linkages, and Entrepreneurial Finance. He served as a director on the board of Eastern Financial Association. He is a member of the Program Committee for the Financial Management Association Annual Meetings as well as an ad-hoc referee for several professional journals. He has made over 70 presentations at national and international conferences including the American Finance Association, the Western Finance Association, the Financial Management Association, and the European Financial Management Association. He has published over 35 scholarly articles in various journals including the Journal of Finance, the Journal of Financial and Quantitative Analysis, the Journal of Banking and Finance, the Journal of Corporate Finance, the Journal of Financial Markets, the Strategic Management Journal, and the Journal of International Business Studies. He is listed in the top four percentile in "Most Prolific Authors in Finance Literature, 1959-2008." His research has been cited in major press publications including the Wall Street Journal, the New York Times, Atlanta Journal and Constitution, Chicago Tribune, Money Magazine, and The His paper on the post-listing puzzle won the best paper award at the fourth annual Pacific-Basin conference in Hong Kong.

He has won several teaching awards including Brady Family Award for Faculty Teaching Excellence, Institute Junior Faculty Teaching Excellence award, Roe Stamps, IV Excellence-in-Teaching award, Lilly Teaching Fellowship award, Core Professor of the year award in the MBA program, and the Professor of the year in the EMBA-MOT program. He has also been recognized for outstanding teaching in the BusinessWeek Guide to Best Business Schools. He has taught in several executive education programs. He has also served as a consultant for several organizations. He recently won the 2010 Georgia Tech Outstanding Service Award. This honor is in recognition of his conscientious professional service and dedicated support of Georgia Tech.

Refereed Articles

  • Mars-Venus Marriages – Culture and Cross-Border M&A, co-authored with Rajesh Chakrabarti and Swasti Gupta-Mukherjee, Journal of International Business Studies, 2009, 40, 216-236.
Published Papers

  • CEO Overconfidence and International Mergers and Acquistion Activity, co-authored with Steve Ferris and Sanjiv Sabherwal, Journal of Financial and Quantitative Analysis 2013, 48(1), 137-154.

  • Do Pension-Related Business Ties Influence Mutual Fund Proxy Voting? Evidence from Shareholder Proposals on Executive Compensation, co-authored with Rasha Ashraf and Harley Ryan, Journal of Financial and Quantitative Analysis, 2012, 47(3), 567-588.

  • Catering effects in corporate dividend policy: The international evidence, co-authored with Steve Ferris and Sanjiv Sabherwal, 2009 (Forthcoming Journal of Banking and Finance)

  • Is Reversal of Large Stock-Price Declines Caused by Overreaction or Information Asymmetry: Evidence from Stock and Option Markets, co-authored with Hyung-Suk Choi, Journal of Futures Markets, 2009, 29, 348-376.

  • Takeover Immunity, Takeovers and the Market for Non-Executive Directors, co-authored with Rasha Ashraf, Rajesh Chakrabarti and Richard Fu, 2009 (Forthcoming Financial Management)

  • The Effects of Regulation on Industry Structure and Trade Generation in the U. S. Securities Industry, co-authored with Hyung-Suk Choi, Jonathan Clarke, and Steve Ferris, 2009 (Forthcoming Journal of Banking and Finance)

  • The Path-to-Profitability of Internet IPO Firms, co-authored with Bharat Jain and Omesh Kini, Journal of Business Venturing, 2008, 23, 165-194.

  • Are Analyst Recommendations Biased? Evidence from Corporate Bankruptcies, co-authored with Jonathan Clarke, Steve Ferris, and Jinsoo Lee, Journal of Financial and Quantitative Analysis, 2006, Vol. 41, 169-196.

  • Price and Volume Effects of Changes in MSCI Indices – Nature and Causes, co-authored with Rajesh Chakrabarti, Wei Huang, and Jinsoo Lee, Journal of Banking and Finance, 2005, Vol. 29, 1237-1264.

  • The Determinants of Mutual Fund Mergers and their Impact on Fund Shareholders. co-authored with Ajay Khorana and Ed Nelling, Journal of Finance, 2002, Vol. LVII, 1521-1551.

  • An Experimental Study of Circuit Breakers: The Effect of Mandated Market Closures and Temporary Halts on Market Behavior, co-authored with Lucy Ackert and Bryan Church, Journal of Financial Markets, 2001, Vol. 4, 185-208.

  • CEO Founder Status and Firm Financial Performance, co-authored with Ajay Khorana, Ed Nelling, and Jeff Covin, Strategic Management Journal, 2000, 21, 1215-1224.