Raghavendra Rau holds the Sir Evelyn de Rothschild Professorship of Finance at the

Judge Business School Cambridge Judge Business School is the business school of the University of Cambridge. The School is a provider of management education. It is named after Sir Paul Judge, a founding benefactor of the school. The School is considered to be par ...

at the

University of Cambridge , mottoeng = Literal: From here, light and sacred draughts. Non literal: From this place, we gain enlightenment and precious knowledge. , established = , other_name = The Chancellor, Masters and Schola ...

and the Mercer’s School Memorial Professor of Commerce at Gresham College. He is a founding director of the Cambridge Centre for Alternative Finance. Before joining the University of Cambridge, Rau was an academic in the US teaching at universities such as the

University of California at Berkeley The University of California, Berkeley (UC Berkeley, Berkeley, Cal, or California) is a public land-grant research university in Berkeley, California. Established in 1868 as the University of California, it is the state's first land-grant univ ...

, the

University of California at Los Angeles The University of California, Los Angeles (UCLA) is a public university, public Land-grant university, land-grant research university in Los Angeles, California. UCLA's academic roots were established in 1881 as a Normal school, teachers colle ...

and

Purdue University Purdue University is a public land-grant research university in West Lafayette, Indiana, and the flagship campus of the Purdue University system. The university was founded in 1869 after Lafayette businessman John Purdue donated land and money ...

. He received his undergraduate degree in chemistry from

Delhi University Delhi University (DU), formally the University of Delhi, is a collegiate university, collegiate Central university (India), central university located in New Delhi, India. It was founded in 1922 by an Act of the Central Legislative Assembly and ...

in 1987, an MBA from IIM Bangalore in 1989, and a Ph.D. degree from INSEAD in 1997. He is a past President of the European Finance Association and the program chair for the 2023 annual meetings of the Financial Management Association meetings in Chicago. He is known for his research on

market efficiency The efficient-market hypothesis (EMH) is a hypothesis in financial economics that states that asset prices reflect all available information. A direct implication is that it is impossible to "beat the market" consistently on a risk-adjusted bas ...

. His most heavily cited papers have been a paper that showed how glamour acquirers (acquirers with a high market-to-book ratio) underperformed relative to value acquirers in the long-term after making an acquisition, how firms that added a dotcom to the ends of their names during the 1999-2001 dotcom bubble experienced a surge in their stock prices, and how firms in Hong Kong tunnel value away from their minority shareholders using related party transactions. He is a past editor of ''Financial Management'',. He serves on the editorial boards of several journals including the ''Journal of Corporate Finance'', ''Journal of Banking and Finance'', and the ''Financial Review''. He won the Ig Nobel Prize in Management in 2015 for his paper "What does not kill you will only make you risk-loving: Early-life disasters and CEO behavior".

References

* "Dealing With an Emerging Markets Overdose", ''Wall Street Journal'', 13 January 2010 * "Pharaoh capitalism", ''The Economist'', 12 February 2009

External links

Homepage at University of Cambridge

Personal Homepage

The Annual European Finance Association meetings

Author page at the Social Science Research Network

Eranda Foundation Grant details
{{DEFAULTSORT:Rau, Raghavendra Living people Purdue University faculty Professors of the University of Cambridge Indian Institute of Management Bangalore alumni University of California, Berkeley faculty University of California, Los Angeles faculty Delhi University alumni INSEAD alumni Indian financial writers Indian economists Year of birth missing (living people)