Amar Gande is an Assistant Professor of Finance at Southern Methodist University, where he joined the faculty in 2006. Dr. Gande previously taught at Vanderbilt University. He holds a B.Tech. in Mechanical Engineering from the Indian Institute of Management (IIT) Madras (India), a M.B.A. from the Indian Institute of Management (IIM) Calcutta, and a Ph.D. in Finance from New York University. Dr. Gande has teaching and research interests in financial institutions, corporate finance and international finance. He has several academic papers either accepted or published in premier finance and economics journals, such as the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, the Journal of Financial and Quantitative Analysis, the Journal of International Business Studies, the Journal of Money, Credit and Banking, the Journal of International Money and Finance, and the Financial Management. Dr. Gande has presented his work at all major finance conferences, and at numerous universities/research institutions. He also serves on the editorial review board of the Journal of International Business Studies. Dr. Gande has received multiple awards for both research and teaching. His paper "Bank entry, competition, and the market for corporate securities underwriting" won the 1999 Fama-DFA first prize for best paper published in the Journal of Financial Economics in the areas of Capital markets and Asset Pricing. His paper "News Spillovers in the Sovereign Debt Market" won the FMA Competitive Best Paper Award in the area of Fixed Income in 2002 and was subsequently published in the Journal of Financial Economics in 2005. His paper "Enhancing Security Value through Ownership Restrictions: Evidence from a Natural Experiment" won the Addison-Wesley prize for the best paper published in the Financial Management during 2004-2006. On the teaching front, Dr. Gande received the Eugene T. Byrne Endowed Faculty Innovation Award for 2008-2009 for demonstrating innovation in teaching at Southern Methodist University. He also received the James A. Webb Jr. Award for excellence in teaching at Vanderbilt University from the graduating MBA classes in 2003 and in 2001. Prior to his Ph.D., Dr. Gande worked in Citibank in the areas of Corporate Banking and International Trade Finance, primarily in India, and on several short-term assignments in Singapore and Hong Kong.
Financial Institutions
CEO Compensation at Financial Firms (with Swami Kalpathy), SMU Working Paper (2011)
We use a novel dataset of emergency capital provided by the U.S. Federal Reserve to...
Are banks still special when there is a secondary market for loans? (with Anthony Saunders), Journal of Finance, Forthcoming (2011)
When a borrowing firm's existing loans trade for the first time in the secondary loan...
Bank Debt versus Bond Debt: Evidence from Secondary Market Prices (with Edward I. Altman and Anthony Saunders), Journal of Money, Credit and Banking (2010)
This paper uses a new data set of daily secondary market prices of loans to...
Bank entry, competition, and the market for corporate securities underwriting (with Manju Puri and Anthony Saunders), Journal of Financial Economics (1999)
This paper examines the competitive effects of commercial bank entry into the corporate debt underwriting...
Bank underwriting of debt securities: modern evidence (with Manju Puri, Anthony Saunders, and Ingo Walter), Review of Financial Studies (1997)
This article examines debt securities underwritten by Section 20 subsidiaries of bank holding companies relative...
Law and Finance
Why do U.S. securities laws matter to non-U.S. firms? Evidence from private class-action lawsuits (with Darius P. Miller), SMU Working Paper (2011)
A continuing controversy is whether U.S. securities laws are enforced against foreign firms, since public...
Shareholder-Initiated Class Action Lawsuits: Shareholder Wealth Effects and Industry Spillovers (with Craig M. Lewis), Journal of Financial and Quantitative Analysis (2009)
This paper documents significantly negative stock price reactions to shareholder initiated class action lawsuits. We...
International Finance
Why do U.S. securities laws matter to non-U.S. firms? Evidence from private class-action lawsuits (with Darius P. Miller), SMU Working Paper (2011)
A continuing controversy is whether U.S. securities laws are enforced against foreign firms, since public...
Valuation effects of global diversification (with Christoph Schenzler and Lemma W. Senbet), Journal of International Business Studies (2009)
This paper examines the effect of global diversification on firm value using a data set...
Bank incentives, economic specialization, and financial crises in emerging economies (with Kose John and Lemma W. Senbet), Journal of International Money and Finance (2008)
We model the vulnerability of an economy to a financial crisis as arising from the...
News spillovers in the sovereign debt market (with David C. Parsley), Journal of Financial Economics (2005)
We study the effect of a sovereign credit rating change of one country on the...
Enhancing Security Value by Ownership Restrictions: Evidence from a Natural Experiment (with Manju Puri), Financial Management (2005)
We present new evidence from a natural experiment to show circumstances in which ownership restrictions...