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Academic Background

B. Sc., Calicut University, India
Qualifying exam Institute of Chartered Accountants of India
M.B.A., Baruch College, CUNY, New York
M. Phil., City University of New York
Ph.D., City University of New York

Research Specialties

• International finance 
• Derivative securities
• Corporate finance

Current Research

• Volatility spillovers
• Family business IPOs
• Australian superannuation funds
• Russian derivatives markets

Major Works

• "Spatial Integration and Price volatility of Russian Regional Wheat Markets," with Odinaeva, L. V. and Vang, D. O., International Journal of Business and Economics Perspectives, forthcoming.
• "Time-varying Correlations and Optimal Allocation in Emerging Market Equities for the US Investors," with Heung-Joo Cha. International Journal of Finance and Economics. Volume 14 Issue 2, p. 172-187, 2009.
• "Time-varying Correlations and Optimal Allocation in Emerging Market Equities for Australian Investors: A Study Using East European Depositary Receipts," with Gupta, R. International Research Journal of Finance and Economics, Issue 18, p. 127 – 141, 2008.
• "Homogeneous Beliefs, Trading Volume and Co-movements of Stock Market Returns: A Study of Russian and the US Markets," Global Business and Finance Review, Volume 13, Number 1, p. 23 – 34,  2008.
• "An Empirical Study of Pricing and Trading Volume of Russian Depositary Receipts," Investment Management and Financial Innovations, Volume 3, Issue 3, p. 60–79, 2006.
• "What Causes Correlations of Equity Returns to Change Over Time? – A Study of the US and the Russian Equity Markets," Investment Management and Financial Innovations, 4, p.69-79, 2005.
• "International Diversification: A Comparison of Performance of American Depository Receipt Indices and Country Funds," with Daugherty, M.S. Financial Decisions 14-1, p. 1-26, Fall 2004.
• "Inregracia possiiskogo i mirovogo rynka akcii: vlianie finansovogo krizisa 1998 g. (Integration of Russian Equity Markets with World Equity Markets – Effects of the Russian Financial Crisis of 1998)," with Kravchnko, N. Vestnik NGU, Novosibirsk, Russia, T.3, issue 1, p. 38-50, 2003. 
• "Barriers to International Investing and Market Segmentation: Evidence from Indian GDR Market." with Nirmalanandan, T.R. and Tandon, K. Pacific Basin Finance Journal 8, p. 399-417, 2000.
• "Competitive and Collective Strategies: An Empirical Examination of Strategic Groups," with Bresser, Rudi K.F and Dunbar, R., Advances in Strategic Management, volume 10B, 1994.

Book Chapter

•  "Investing in Initial Public Offerings and Depository Receipts," in Investment Management, edited by S. R. Vishwanath and Chandrasekhar Krishnamurti, published by Springer, forthcoming.
• "How Integrated are the Equity and Debt Markets?  A Comparative Study of Japanese and the US Capital Markets," with Heung-Joo Cha and Jaebeom Kim. Japanese Fixed Income Markets: Money, Bond and Interest Rate Derivatives, edited by Jonathan Batten, Thomas Fetherston and Peter G. Szilagyi, Elsevier, 2006.
• "An Empirical Study of Time-Varying Return Correlations and Efficient Set of Portfolios,” in Advances in Portfolio Management, edited by Greg N. Gregoriou. Palgrave Macmillan, 2007.

Conference Presentations

•  "Underpricing of IPOs of U.S. Family Controlled Businesses," Oxford Business and Economics Conference, Oxford, England, June 24-26, 2009.
•   "Spatial Integration and Price Volatility of Russian Regional Wheat Markets," with Odinaeva, L.V. and Vang, D.O., Winter Conference of the International Academy of Business and Public Administration Disciplines, Orlando, Florida, January 2009.
• "Short Selling Restrictions and Efficiency of Emerging Options Market: A Study of Indian Stock Index Options," Ninth International Conference on Management of Transformation. Delhi, India, January 2008.
• "Homogeneous Beliefs, Trading Volume and Co-movements of Stock Market Returns: A Study of Russian and the US Markets," Midwest Finance Association Conference, Minneapolis, Minnesota, March 2007.
• "Time-varying Correlations and Optimal Allocation in Emerging Market Equities for Australian Investors: A Study Using East European Depositary Receipts," with Gupta, R., First All China Economic Conference, Hong Kong, China, December 2006.
• "An Empirical Study of Pricing and Trading Volume of Russian Depositary Receipts," Winter Conference of the International Academy of Business and Public Administration Disciplines, Orlando, Florida, January 2006.
• "IPO Pricing in the Context of Family Controlled Businesses," with Daugherty, M.S., International Applied Business Research Conference in Puerto Vallarta, Mexico, March 2005.
• "Time-varying Correlations of U.S. and Russian Equity Returns," Fourth Annual Hawaii International Conference on Business, Hawaii, June 2004.

Significant Scholarly Honors

•  Competitive Research Award given by the International Academy of Business and Public Administration Disciplines at the Winter Conference (2009).
• Competitive Research Award given by the International Academy of Business and Public Administration Disciplines at the Winter Conference (2006).
• Competitive Research Award for outstanding research paper given by the PACAP/Financial Management Association (1999).
• Oscar Lasdon Award for the best dissertation in the Business Program of the City University of New York (1993).