ANUP AGRAWAL

Address

University of Alabama, Culverhouse College of Commerce and Business Administration,

Tuscaloosa, AL 35487-0224. Phone: (205) 348-8970, Fax: (205) 348-0590,

e-mail: aagrawal@cba.ua.edu       web: http://www.cba.ua.edu/personnel/AnupAgrawal.html

 

 

Education

Ph.D. (Finance), University of Pittsburgh, April 1986.

M.B.A., Xavier Institute, Jamshedpur, India, April 1979.

Bachelor of Commerce (Honors), University of Bombay, July 1977. 

 

 

Appointments

 

University of Alabama, Culverhouse College of Commerce and Business Administration

Professor and Powell Chair of Finance, January 1999-.

 

North Carolina State University, College of Management

Associate Professor of Finance, July 1992 - Dec. 1998.

Assistant Professor of Finance, July 1989 - June 1992.

 

University of Pennsylvania, The Wharton School 

Visiting Associate Professor of Finance, June 1994 - August 1995.

 

City University of New York, Baruch College

Assistant Professor of Finance, January 1986 - June 1989.

 

University of Pittsburgh, Katz School of Business 

Part-time Lecturer in Finance, September 1984 - December 1985.

Research Assistant, September 1981 - August 1984.

 

A. F. Ferguson & Co., Bombay

Management Consultant, May 1979 – July 1981.

 

 

Research Interests

   Corporate Finance and Investments, particularly: 

·        Corporate Control and Governance

·        Executive Compensation

·        Corporate Fraud

·        Security Analyst Behavior

·        Insider Trading

·        Market Efficiency

 

 

Teaching Interests

 

·         Corporate Finance

  • Introductory: MBA and Undergraduate
  • Intermediate: MBA and Undergraduate
  • Case course: MBA and Undergraduate
  • Empirical Issues: Doctoral

·        Investments and Portfolio Management: MBA and Undergraduate

·        Corporate Restructuring: MBA and Doctoral


 

Publications

A. Agrawal and M. Chen. “Do Analyst Conflicts Matter? Evidence from Stock Recommendations.” Forthcoming, Journal of Law and Economics, August 2008, V. 51. (Best paper award, FMA 2005)

F. Tsoulouhas, C. Knoeber and A. Agrawal. “Contests to Become CEO: Incentives, Selection and Handicaps.”  Economic Theory, February 2007, V. 30(2), 195-221. (Lead article)

A. Agrawal, S. Chadha and M. Chen. "Who is Afraid of Reg FD? The Behavior and Performance of Sell-side Analysts Following the SEC’s Fair Disclosure Rules." Journal of Business, November 2006, V. 79(6), 2811-2834.

 

         · Digest published in CFA Digest, August 2007, pp. 38-39.

A. Agrawal, C. Knoeber and F. Tsoulouhas. “Are Outsiders Handicapped in CEO Successions?” Journal of Corporate Finance, June 2006, V. 12(3), 619-644.

A. Agrawal and S. Chadha. “Corporate Governance and Accounting Scandals.” Journal of Law and Economics, October 2005, V. 48(2), 371-406.

                    ·  Reprinted in N. Brennan, ed., Corporate Governance and Financial Reporting, Volume II, 2007, 421- 456, Sage Publications Ltd., London, UK.

A. Agrawal and J. Jaffe. “Do Takeover Targets Under-perform? Evidence from Operating and Stock Returns.”  Journal of Financial and Quantitative Analysis, December 2003, V. 38(5), 721-746.

A. Agrawal and C. Knoeber. “Do Some Outside Directors Play a Political Role?”  Journal of Law and Economics, April 2001, V. 44(1), 179-198.

A. Agrawal and J. Jaffe. “The Post-merger Performance Puzzle.” Cary Cooper and Alan Gregory, eds., Advances in Mergers and Acquisitions, Volume 1, Stamford, CT: JAI Press, 2000, 7-41.

A. Agrawal, J. Jaffe, and J. Karpoff. “Management Turnover and Governance Changes Following the Revelation of Fraud.” Journal of Law and Economics, April 1999, V. 42(1), 23-56.

          . Digest published  in Contemporary Finance Digest, 2000, V. 3(1), 63-64.

A. Agrawal and C. Knoeber. “Managerial Compensation and the Threat of Takeover.” Journal of Financial Economics, February 1998, V. 47(2), 219-239.
          . Digest published  in Contemporary Finance Digest, Winter 1998, V. 2(4), 66-67.

A. Agrawal and C. Knoeber. “Firm Performance and Mechanisms to Control Agency Problems between Managers and Shareholders.” Journal of Financial and Quantitative Analysis, September 1996, V. 31(3), 377-397. 

. Digest published in Contemporary Finance Digest, Autumn 1997, V. 1, 33-34

A. Agrawal and J. Jaffe. “Does Section 16b Deter Insider Trading by Target Managers?” Journal of Financial Economics, October-November 1995, V. 39(2 & 3), 295-319

A. Agrawal and R. Walkling. “Executive Careers and Compensation Surrounding Takeover Bids.” The Journal of Finance, July 1994, V. 49(3), 985-1014.

A. Agrawal and K. Tandon. “Anomalies or Illusions? Evidence from Stock Markets in Nineteen Countries.” Journal of International Money and Finance, February 1994, V. 13(1), 83-106

A. Agrawal and J. Narayanan. “Agency Costs, Ownership Control, and Dividend Policy: A Direct Test of the Free Cash Flow Theory.” Managerial and Decision Economics, March-April 1994, V. 15(2), 139-148.

A. Agrawal and K. Tandon. "Stock Market Anomalies: The International Evidence". R. Aggarwal, and D. C. Schirm, eds., Global Portfolio Diversification, 1994, Academic Press, 201-221.

 A. Agrawal, J. Jaffe and G. N. Mandelker. “The Post-Merger Performance of Acquiring Firms: A Re-examination of an anomaly.” Journal of Finance, September 1992, V. 47(4), pp. 1605-1621.