Goldyne and Irwin Hearsh Chair in Money and Banking
Department: UCLA Anderson School of Management
UCLA Anderson Graduate School of Management
C418 Entrepreneurs Hall
Los Angeles, CA 90095-1481
Campus mailcode: 148106
Keywords: Economic Theory, South Asia
Dr. Subrahmanyam is an expert in behavioral finance and economics, who is known for his path-breaking research in the use of psychological principles to explain stock price movements. He has used his behavioral expertise to explain spikes in gasoline prices and he has studied the effect of war on the stock market.
Dr. Subrahmanyam's current research interests range from the relationship between the trading environment of a firm stock and the firm cost of capital, to behavioral theories for asset price behavior and empirical determinants of the cross-section of equity returns.
Co-editor of the Journal of Financial Markets, Dr. Subrahmanyam is the author or co-author of numerous refereed journal articles in leading finance and economics journals. He previously served as associate editor of Review of Financial Studies. He is a member of the Working Research Group on Market Microstructure, recently established by the National Bureau of Economic Research (NBER).
For his scholarly efforts, he has received best paper awards at the Western Finance Association meetings and the International Conference of Finance in Taiwan and was honored with the Fama-DFA prize for the best paper in investments published in the Journal of Financial Economics (2000) and the Smith Breeden Prize for the best paper published in the Journal of Finance (1999).
Dr. Subrahmanyam has served as a consultant to the Nasdaq Stock Market, the National Stock Exchange in Mumbai (Bombay, India), San Jose Mercury News, and Irwin/McGraw-Hill.
Ph.D. Finance, 1990, UCLA
Asset pricing, behavioral finance, investor psychology, effects of war on financial markets, derivatives, financial markets, securities, stock exchange trading mechanisms, market liquidity stock market analysis, stock price movement, trade mechanisms.
Daniel, K.D., Hirshleifer, D. and Subrahmanyam, A., overconfidence, Arbitrage, and Equilibrium Asset Pricing,EJournal of Finance, 56, 3, 921-965, June 2001.
Chordia, T., Roll, R.W. and Subrahmanyam, A., “Market Liquidity and Trading Activity,EJournal of Finance, 56, 2, 501-530, April 2001.
Holden, C. and Subrahmanyam, A., “News Events, Information Acquisition, and Serial Correlation," Journal of Business, January 2002.
Subrahmanyam, A. and Titman, S., "Feedback from Stock Prices to Cash Flows," Journal of Finance, December 2001.