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Faculty Profile

MADHU VEERARAGHAVAN

DIRECTOR & T.A. PAI CHAIR PROFESSOR OF FINANCE, TAPMI

Area:

Finance & Strategy

Edu:

B.Com, MBA, Ph.D

Biography

  • Professor Veeraraghavan has published over 50 papers in international journals and has presented his work in top conferences in finance and accounting. His work has appeared in The Accounting Review, Contemporary Accounting Research, Journal of Financial and Quantitative Analysis, Journal of Corporate Finance, Journal of Empirical Finance, Journal of Banking and Finance and AUDITING: A Journal of Practice and Theory. His research interests are in the areas of Corporate Finance, Behavioural Finance and the interplay between Auditing and Finance.

Teaching

  • Behavioural Finance, Corporate Finance

Research

  • Asset Pricing, Behavioural Finance, Corporate Finance, Corporate Governance and Funds Management.

Publications

    Accepted / Forthcoming Publications

    2017

  • National Culture and Corporate Innovation in Pacific Basin Finance Journal (ABDC A) [with Yangyang Chen and Edward Podolski]

  • Venture-Capital Backed and Commitments Test Entity: Initial Public Offerings on the ASX, in Accounting and Finance (ABDC A) (in press) [with Zoltan Murgulov, Alastair Marsden and Ghon Rhee]

  • Do Progressive Social Norms Affect Economic Outcomes? Evidence from Corporate Takeovers in Journal of Empirical Finance (ABDC A) 41, 76-95 [with Yangyang Chen, Edward Podoloski and Ghon S. Rhee]

  • 2016

  • Trade-Based Manipulation: Beyond the Prosecuted Cases, forthcoming in Journal of Corporate Finance (ABDC A*) [With Suman Neupane, Ghon Rhee and Kuluru Vithanage]

  • Does High Quality Auditing Mitigate or Encourage Private Information?, forthcoming in Contemporary Accounting Research (ABDC A*) [with Yangyang Chen, Bin Srinidhi and Shibley Sadique]

  • Board Independence and Internal Control Weakness: Evidence from SOX 404 Disclosures, in AUDITING: A Journal of Practice and Theory (ABDC A*) [With Yangyang Chen, Robert Knechel, Vijay Marisetty and Cameron Truong]

  • Cash Holdings and Bond Returns around Takeovers, forthcoming in International Review of Financial Analysis (ABDC A) [with Edward Podolski and Cameron Truong]

  • Auditor Client Specific Knowledge and Internal Control Weaknesses: Some Evidence on the Role of Auditor Tenure and Geographic Distance, forthcoming in Journal of Contemporary Accounting and Economics (ABDC A) [with Yangyang Chen, Ferdinand Gul and Cameron Truong]

  • Religious Beliefs and Local Government Financing, Investments and Cash Holding Decisions forthcoming in Journal of Empirical Finance (ABDC A) [with Yangyang Chen, Zoltan Murgulov and Ghon S. Rhee]

  • 2015

  • Executive Equity Risk-Taking Incentives and Audit Service Pricing, forthcoming in The Accounting Review (ABDC A*) 90 (6), 2205-2234 [with Yangyang Chen, Ferdinand Gul and Leon Zolotoy]

  • Individualism, Uncertainty Avoidance and the Profitability of Momentum Strategies in International Markets, forthcoming in Contemporary Accounting Research (ABDC A*) [with Paul Dou and Cameron Truong]

  • CEO Risk-Taking Incentives Cost of Equity Capital, forthcoming in Journal of Business Finance and Accounting (ABDC A) 42 (7 and 8), 915-946 [with Yangyang Chen and Cameron Truong]

  • Does Managerial Ability Facilitate Corporate Innovative Success?, in Journal of Empirical Finance (ABDC A) 34, 313-326 [with Yangyang Chen and Edward Podolski]

  • Stock Liquidity and Managerial Short-termism, in Journal of Banking and Finance (ABDC A*) 60, 44-59. [with Yangyang Chen, Ghon Rhee and Leon Zolotoy]

  • 2014

  • Local Gambling Preferences and Corporate Innovative Success, forthcoming in Journal of Financial and Quantitative Analysis (ABDC A*) 49(1), 77-106 [with Yangyang Chen, Edward Podolski and Ghon S. Rhee]

  • National Culture and Cash Holdings Around the World, forthcoming in Journal of Banking and Finance (ABDC A*) 50(1) 1-18 [with Yangyang Chen, Paul Dou, Ghon Rhee and Cameron Truong]

  • Is the Accrual Anomaly Robust to Firm-Level Analysis? forthcoming in International Review of Financial Analysis (ABDC A) 34, 157-165 [with Maria Strydom and Michael Skully]

  • Factors affecting the Birth and Fund-Flows of Commodity Trading Advisors. forthcoming in Australian Journal of Management (ABDC A) [with Minh Do, Robert Faff, Paul Lajbcygier and Mikhail Tupitsyn]

  • 2013

  • Informed Options Trading Prior to Takeovers – Does the Regulatory Environment Matter?, in Journal of International Financial Markets, Institutions and Money 27, 286-305 [with Edward J. Podolski and Cameron Truong] [ABDC – A]

  • Soft Information and Economic Activity: Evidence from the Beige Book, in Journal of Macroeconomics 37, 81-92 [with Shibley Sadique, Francis In and Paul Wachtel] [ABDC – A]

  • Stock Price Response to S and P 500 Additions and Deletions: Do Options Trading Volume Matter? in Journal of International Financial Markets, Institutions and Money 23, 379-401 [with Yangyang Chen, Constantine Koutsantony and Cameron Truong] [ABDC – A]

  • Work Under Consideration For Publication (Revise and Resubmit)

  • In the Mood for Creativity: Weather Induced Mood, Inventor Productivity and Firm Value [Revise and Resubmit] in Management Science (ABDC A*) [with Yangyang Chen, Edward Podolski and Paul Hsu]

  • Managerial Mood and Earnings Forecast Bias: Evidence from Sunshine Exposure [Revise and Resubmit] in Journal of Accounting Research (ABDC A*) [With Chen Chen, Yangyang Chen and Edward Podolski]

  • The Role of Affect in Shaping the Behavioural Consequences of CEO Equity Incentives [Revise and Resubmit] in Journal of Management (ABDC A*) [with Don O’Sullivan and Leon Zolotoy]

  • Work Under Consideration For Publication (Papers Under Initial Submission)

  • Managerial Mood and Corporate Earnings Management Practices in Journal of Accounting & Economics (ABDC A*) [with Yangyang Chen, Edward Podolski and Leon Zolotoy]

Doctoral Supervision

  • Sudheer REDDY (2014-), Essays in Corporate Finance, T.A. PAI Management Institute (MAIN Supervisor)
  • Savitha HEGGEDE (2015-), Essays in Corporate Governance, T.A. Pai Management Institute (MAIN Supervisor)
  • Minh DO (2005-2008), Essays in Alternative Investments, Monash University (ASSOCIATE Supervisor).
  • Shibley SADIQUE (2006-2009), Essays in Hard and Soft Information, Monash University (JOINT Supervisor).
  • Man LI (2007-2011), Asset Pricing in Emerging Markets (ASSOCIATE Supervisor)
  • Nasser ALSADOUN (2008-2011), An examination of the association between equity
    undervaluation and information risk: the signalling role of earnings quality (ASSOCIATE Supervisor)
  • Maria STRYDOM (2006-2011), Corporate Governance, Accruals Anomaly and Information Risk: International Evidence (JOINT Supervisor).
  • Xiaofeng Shi (2010-2014) Fundamental Indexation: Essays on Stock Mispricing, Portfolio Diversification and Rebalancing (JOINT Supervisor)
  • Yonatan NAVON (2010-2014) Essays in Bond Markets (MAIN Supervisor)
  • Edward PODOLSKI-BOCSAR (2010-2014) Essays in Mergers and Acquisitions (MAIN Supervisor)
  • Xiaoting WEI (2010-) Information Content of Earnings Announcements, Analyst Recommendation Changes and Dividend Changes in the Corporate Bond Market: U.S. Evidence (JOINT Supervisor)
  • Kuankuan WANG (2012-) Essays on Institutional Trading (EXTERNAL Supervisor)

Conferences and Workshops

Referee for:

  • Accounting and Finance, Applied Economics, Applied Financial Economics, Australian Journal of Management, European Journal of Finance, International Review of Economics and Finance, International Review of Financial Analysis, Journal of Empirical Finance, Pacific Basin Finance Journal, Quantitative Finance, Review of Quantitative Finance and Accounting

Awards

  • 2014 Best Paper Award at The Emerald 4th Indian Finance Conference at IIM Bangalore for the paper Firm Control and Financing Choices in Indian Firms.
  • 2014 Tie-in-Agreements in IPOs: Evidence from India, Short-listed for the Best Paper Award in the Corporate Finance Category, Financial Markets and Corporate Governance Conference, Brisbane, April 2014.
  • 2014 Local Religious Beliefs and Corporate Takeovers, Semi-finalist for the Best Paper Award, FMA Asian Conference, Tokyo, May 2014.
  • 2014 Does Managerial Skill Facilitate Corporate Innovative Success? Top Ten Download List – Paper Downloaded 27 times [with Yangyang Chen and Edward Podolski]
  • 2014 Local Gambling Preferences and Corporate Innovative Success, Top Ten Download List – Paper Downloaded 37 times [with Yangyang Chen, Edward Podolski and Ghon Rhee]
  • 2013 Best Paper Award at the MIT Sloan Asia Conference in Accounting for the paper “Executive Equity Risk-Taking Incentives and Audit Service Pricing”