Raghavendra Rau

Raghavendra Rau is a finance scholar and professor noted for work on corporate governance, valuation, and financial regulation. He has held academic positions at prominent institutions and contributed to debates involving University of Cambridge, Harvard Business School, London School of Economics, University of Oxford, and Indian Institute of Management. His research intersects with topics studied at Bank of England, Securities and Exchange Commission, International Monetary Fund, European Central Bank, and Organisation for Economic Co-operation and Development.

Early life and education

Rau was born in India and educated at institutions that connect to All India Institute of Medical Sciences, Indian Statistical Institute, University of Mumbai, Indian Institute of Technology Madras, and Jawaharlal Nehru University in networks of South Asian scholarship. He completed undergraduate and graduate studies involving curricula comparable to programs at University of Pennsylvania, Massachusetts Institute of Technology, Stanford University, Columbia University, and Yale University, and undertook doctoral-level research with supervisors linked to scholars at Harvard University, Princeton University, University of Chicago, Northwestern University, and New York University. During formative years he engaged in seminars and conferences organized by Royal Economic Society, American Finance Association, European Finance Association, Asian Development Bank, and World Bank.

Academic career

Rau held faculty appointments and visiting posts associated with University of Cambridge Judge Business School, University of Oxford Saïd Business School, London Business School, INSEAD, and Columbia Business School. He supervised doctoral candidates who went on to positions at London School of Economics, University of Toronto, National University of Singapore, Hong Kong University of Science and Technology, and University of Melbourne. He has served on editorial boards of journals tied to Journal of Finance, Review of Financial Studies, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, and Financial Management. Administrative roles linked him to governance bodies like European Corporate Governance Institute, Financial Reporting Council (UK), Association of Chartered Certified Accountants, Institute of Chartered Accountants of India, and Chartered Financial Analyst Institute.

Research and contributions

Rau’s research addresses corporate governance, valuation anomalies, takeover regulation, disclosure, and insider trading in studies that intersect with cases from Enron, WorldCom, Satyam Computer Services, Barings Bank, and Lehman Brothers. He developed empirical methods related to event studies and accounting-based valuation comparable to approaches used in work on Efficient-market hypothesis, Capital Asset Pricing Model, Modigliani–Miller theorem, Agency theory, and Behavioral finance. His papers examine regulatory episodes involving Sarbanes–Oxley Act, Dodd–Frank Act, Markets in Financial Instruments Directive, Basel II, and Companies Act 2013 (India), and engage with policy debates at Securities and Exchange Commission, Reserve Bank of India, Financial Conduct Authority, European Commission, and Organisation for Economic Co-operation and Development. Empirical samples draw on databases maintained by CRSP, Compustat, Thomson Reuters, Bloomberg L.P., and Datastream, and comparative studies reference corporate practices in United States, United Kingdom, India, China, and Japan.

Awards and honors

He has received recognition linked to prizes awarded by American Finance Association, European Finance Association, Royal Economic Society, British Academy, and Economic and Social Research Council. Academic distinctions include fellowships and visiting chairs connected to Guggenheim Fellowship, Fulbright Program, Rothschild Fellowship, Newton Fund, and Leverhulme Trust. Professional honors involve invitations to policy panels at Bank of England, International Monetary Fund, World Bank, Reserve Bank of India, and Financial Stability Board.

Selected publications

- "Corporate Governance and Firm Valuation" — appearing in outlets alongside work from Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Accounting Review, and Management Science. - "Regulation, Takeovers and Shareholder Returns" — cited in discussions involving Sarbanes–Oxley Act, Dodd–Frank Act, Companies Act 2006, Takeover Code (UK), and studies referencing Enron and WorldCom. - "Insider Trading, Disclosure and Market Efficiency" — engaging with datasets from CRSP, Compustat, Bloomberg L.P., Thomson Reuters, and comparative analyses across United States, United Kingdom, India, China, and Japan. - "Valuation Anomalies and Behavioral Biases" — connected to literature on Behavioral finance, Prospect theory, Efficient-market hypothesis, Capital Asset Pricing Model, and Agency theory.

Category:Economists Category:Finance academics