Shantaram P. Hegde

University of Connecticut - School of Business

Professor of Finance

School of Business

2100 Hillside Road

Storrs, CT 06269

United States

SCHOLARLY PAPERS

25

DOWNLOADS
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4,121

CITATIONS
Rank 19,606

SSRN RANKINGS

Top 19,606

in Total Papers Citations

34

Scholarly Papers (25)

1.

The Liquidity Effects of S&P 500 Additions

Number of pages: 54 Posted: 30 Aug 2000
John B. McDermott and Shantaram P. Hegde
Fairfield University - Charles F. Dolan School of Business and University of Connecticut - School of Business
Downloads 516 (52,853)

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Liquidity, S&P 500, spread, decomposition, index

2.

Financial Contagion and Market Liquidity - Evidence from the Asian Crisis

Number of pages: 61 Posted: 02 Mar 2005
Shantaram P. Hegde and Rupendra Paliwal
University of Connecticut - School of Business and John F. Welch College of Business, Sacred Heart University
Downloads 459 (61,253)
Citation 2

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Contagion, Market Liquidity, Crisis

3.

Board Compensation Practices and Agency Costs of Debt

Journal of Corporate Finance, Vol. 14, No. 5, 2008
Number of pages: 48 Posted: 17 Sep 2007 Last Revised: 12 Sep 2017
Mine Ertugrul and Shantaram P. Hegde
University of Massachusetts Boston and University of Connecticut - School of Business
Downloads 453 (62,253)
Citation 1

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Director Incentives, Cost of Debt, Corporate Governance, Agency Costs

4.

Does Auditor Compensation Lower Market Liquidity?

Number of pages: 39 Posted: 03 Mar 2004
N. Asli Ascioglu, Shantaram P. Hegde and John B. McDermott
Bryant University, University of Connecticut - School of Business and Fairfield University - Charles F. Dolan School of Business
Downloads 321 (93,005)

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liquidity, disclosure, audit compensation, adverse selection, asymmetric information

5.

The Market Liquidty of Diamonds, Qubes, and Their Underlying Stocks

Number of pages: 55 Posted: 08 Jun 2001
John B. McDermott and Shantaram P. Hegde
Fairfield University - Charles F. Dolan School of Business and University of Connecticut - School of Business
Downloads 298 (100,846)

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Liquidity market microstructure index portfolio

6.

Pharmaceutical R&D Spending and Threats of Price Regulation

Number of pages: 46 Posted: 18 Mar 2008
Joseph H. Golec, Shantaram P. Hegde and John A. Vernon
University of Connecticut - Department of Finance, University of Connecticut - School of Business and University of North Carolina (UNC) at Chapel Hill
Downloads 285 (105,880)
Citation 1

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Research and Development, Pharmaceuticals, Price Controls

7.

Fraud and Firm Performance: Evidence from Fraud on the Market and Securities Class Action Lawsuits

Australian Centre for Financial Studies - Finsia Banking and Finance Conference 2010
Number of pages: 61 Posted: 03 May 2010 Last Revised: 12 Jun 2010
Christopher B. Malone, John D. Finnerty and Shantaram P. Hegde
School of Economics and Finance, Massey University, Finnerty Economic Consulting LLC and University of Connecticut - School of Business
Downloads 270 (112,098)

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Pharmaceutical Stock Price Reactions to Price Constraint Threats and Firm-Level R&D Spending

Number of pages: 52 Posted: 18 Mar 2005
Joseph H. Golec, Shantaram P. Hegde and John A. Vernon
University of Connecticut - Department of Finance, University of Connecticut - School of Business and University of North Carolina (UNC) at Chapel Hill
Downloads 194 (155,120)

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Research and Development, Real Options, Price Regulation, Pharmaceutical, Biotechnology

Pharmaceutical Stock Price Reactions to Price Constraint Threats and Firm-Level R&D Spending

NBER Working Paper No. w11229
Number of pages: 54 Posted: 20 Nov 2006 Last Revised: 08 Sep 2010
Joseph H. Golec, Shantaram P. Hegde and John A. Vernon
University of Connecticut - Department of Finance, University of Connecticut - School of Business and University of North Carolina (UNC) at Chapel Hill
Downloads 55 (375,587)
Citation 1

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9.

Patented Knowledge Capital and Implied Equity Risk Premium

Number of pages: 69 Posted: 27 Jan 2014 Last Revised: 30 Jan 2019
Shantaram P. Hegde and Dev R. Mishra
University of Connecticut - School of Business and University of Saskatchewan - Edwards School of Business
Downloads 233 (130,384)
Citation 1

Abstract:

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Implied Cost of Equity, Fama-French three factor model, Patents, Citations, Innovation

10.

Firm Characterisitcs as Cross-Sectional Determinants of Adverse Selection

Number of pages: 40 Posted: 08 Nov 2000
John B. McDermott and Shantaram P. Hegde
Fairfield University - Charles F. Dolan School of Business and University of Connecticut - School of Business
Downloads 228 (133,167)

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11.

Pension Contributions and Firm Performance: Evidence from Frozen Defined Benefit Plans

Financial Management, Forthcoming
Number of pages: 74 Posted: 24 Feb 2012 Last Revised: 31 May 2012
Hieu V. Phan and Shantaram P. Hegde
University of Massachusetts Lowell and University of Connecticut - School of Business
Downloads 133 (214,205)

Abstract:

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financial constraint, liquidity, financial leverage, corporate investment, pension contribution

12.

Corporate Governance and Risk-Taking in Pension Plans: Evidence from Defined Benefit Asset Allocations

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 54 Posted: 24 Feb 2012 Last Revised: 17 Apr 2014
Hieu V. Phan and Shantaram P. Hegde
University of Massachusetts Lowell and University of Connecticut - School of Business
Downloads 120 (231,636)

Abstract:

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Asset allocation, pension, corporate governance, risk-taking

Retail Investor Attention and IPO Valuation

Forthcoming in European Financial Management
Number of pages: 46 Posted: 05 Jul 2016 Last Revised: 10 Nov 2016
Hugh M. J. Colaco, Amedeo De Cesari and Shantaram P. Hegde
Aston Business School, University of Manchester - Alliance Manchester Business School - Finance & Accounting Group and University of Connecticut - School of Business
Downloads 109 (249,646)

Abstract:

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initial public offering; equity valuation; retail investor; investor attention

Retail Investor Attention and IPO Valuation

European Financial Management, Vol. 23, Issue 4, pp. 691-727, 2017
Number of pages: 37 Posted: 02 Oct 2017
Hugh M. J. Colaco, Amedeo De Cesari and Shantaram P. Hegde
Aston Business School, University of Manchester - Alliance Manchester Business School and University of Connecticut - School of Business
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initial public offering, equity valuation, retail investor, investor attention

14.

Predicting Accounting Misconduct: The Role of Firm-Level Investor Optimism

Journal of Business Ethics, Forthcoming, University of Connecticut School of Business Research Paper No. 18-17
Number of pages: 75 Posted: 25 Mar 2018 Last Revised: 22 May 2018
Shantaram P. Hegde and Tingyu Zhou
University of Connecticut - School of Business and Florida State University
Downloads 89 (284,070)

Abstract:

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Investor Optimism, Financial Reporting, Accounting Misconduct, Irregularity, Earnings Management, Market Reactions

15.

Strategic Risk-Taking and Value Creation: Evidence from the Market for Corporate Control

Number of pages: 51 Posted: 22 Jan 2012 Last Revised: 15 Dec 2016
Shantaram P. Hegde and Dev R. Mishra
University of Connecticut - School of Business and University of Saskatchewan - Edwards School of Business
Downloads 85 (292,435)

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Corporate Governance, Market for Corporate Control, Acquisitions, Takeovers, Agency Problems, Event Study, Risk-Taking and Abnormal Returns

16.

Corporate Governance Ratings and Firm Performance

Financial Management, Vol. 38, No. 1, pp. 139-60, Spring 2009
Number of pages: 32 Posted: 05 Apr 2010 Last Revised: 27 Jan 2015
Mine Ertugrul and Shantaram P. Hegde
University of Massachusetts Boston and University of Connecticut - School of Business
Downloads 83 (296,680)
Citation 1

Abstract:

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Corporate governance ratings, firm performance, commercial governance ratings

17.

Policy Uncertainty and Firm Cash Holdings

Journal of Business Research, Forthcoming
Number of pages: 45 Posted: 12 Oct 2017 Last Revised: 09 Jan 2019
Hieu V. Phan, Nam Nguyen, Hien Thu Nguyen and Shantaram P. Hegde
University of Massachusetts Lowell, University of Texas Rio Grande Valley, Vietnam National University - Ho Chi Minh City (VNU-HCM) and University of Connecticut - School of Business
Downloads 66 (337,924)

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Policy Uncertainty, Cash Holdings, Value of Cash

18.

The Waiting Period of Initial Public Offerings

European Journal of Finance, Forthcoming
Number of pages: 61 Posted: 03 Jul 2016 Last Revised: 15 Mar 2017
Hugh M. J. Colaco, Amedeo De Cesari and Shantaram P. Hegde
Aston Business School, University of Manchester - Alliance Manchester Business School - Finance & Accounting Group and University of Connecticut - School of Business
Downloads 58 (360,516)

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initial public offering; waiting period; underpricing; ex ante uncertainty; stock performance; operating performance

19.

Married CEOs and Corporate Social Responsibility

Journal of Corporate Finance, Vol. 58, pp. 226–246, 2019
Number of pages: 47 Posted: 19 Oct 2017 Last Revised: 29 May 2019
Shantaram P. Hegde and Dev R. Mishra
University of Connecticut - School of Business and University of Saskatchewan - Edwards School of Business
Downloads 53 (379,439)

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Corporate Social Responsibility, Marriage, CEO, Risk Propensity, Incentives

20.

Firm Characteristics as Cross-Sectional Determinants of Adverse Selection

Journal of Business Finance & Accounting, Vol. 31, No. 7-8, pp. 1097-1124, September 2004
Number of pages: 28 Posted: 27 Sep 2004
John B. McDermott and Shantaram P. Hegde
Fairfield University - Charles F. Dolan School of Business and University of Connecticut - School of Business
Downloads 13 (559,995)
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21.

Government Economic Policy Uncertainty, Corporate Cash Holdings, and the Value of Cash

University of Connecticut School of Business Research Paper No. 17-10
Posted: 06 Nov 2017
Hieu V. Phan, Nam Nguyen, Hien Thu Nguyen and Shantaram P. Hegde
University of Massachusetts Lowell, Department of Finance, Université du Québec à Montréal, Vietnam National University - Ho Chi Minh City (VNU-HCM) and University of Connecticut - School of Business

Abstract:

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Policy Uncertainty; Cash Holdings; Value of Cash

22.

Financial Contagion and Market Liquidity: Evidence from the Asian Crisis

The IUP Journal of Applied Finance, Vol. 17, No. 3, pp. 5-33, July 2011
Posted: 17 May 2012
Rupendra Paliwal and Shantaram P. Hegde
John F. Welch College of Business, Sacred Heart University and University of Connecticut - School of Business

Abstract:

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23.

Competitive Stock Markets: Evidence from Companies’ Dual Listings on the NYSE and NASDAQ

Financial Analysts Journal, Vol. 66, No. 1, 2010
Posted: 16 Feb 2010
Shantaram P. Hegde, Hao Lin and Sanjay Varshney
University of Connecticut - School of Business, California State University, Sacramento and California State University, Sacramento

Abstract:

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Financial Markets, Market Microstructure, Market Structure and Organizations

24.

Orange County Bankruptcy: Financial Contagion in the Municipal Bond and Bank Equity Markets

Financial Review, Vol. 39, No. 2, May 2004
Posted: 06 Feb 2004
John M. Halstead, Shantaram P. Hegde and Linda Schmid Klein
Southern Connecticut State University, University of Connecticut - School of Business and University of Connecticut - Department of Finance

Abstract:

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Municipal financing, contagion, derivatives, fixed income, bank equity

25.

Hedging Multiple Price and Quantity Exposures

The Journal of Futures Markets, Vol. 21, No. 2, February 2001
Posted: 19 Mar 2002
John B. McDermott, Shantaram P. Hegde and Carmelo Giaccotto
Fairfield University - Charles F. Dolan School of Business, University of Connecticut - School of Business and University of Connecticut - Department of Finance

Abstract:

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hedging, exchange rate risk, economic exposure

Other Papers (3)

Total Downloads: 24
1.

Dividend Distribution Taxes, Stock Prices and Corporate Financial Policy: The Time Series Evidence

Number of pages: 49 Posted: 09 Dec 2016
Shantaram P. Hegde, Rama Seth, P Srikanth and Vishwanath Ramanna
University of Connecticut - School of Business, Copenhagen Business School, T A Pai Management Institute and Shiv Nadar University
Downloads 10

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Dividend Tax, Payout Policy, Individual Investor, Financing Policy

2.

Strategic Allocation to Institutional Investors, Underpricing and the After Market Performance of IPOs

Asian Finance Association (AsianFA) 2016 Conference
Number of pages: 70 Posted: 01 Feb 2016
Shantaram P. Hegde, Rama Seth, M Durgaprasad and S.R. Vishwanath
University of Connecticut - School of Business, Copenhagen Business School, T.A. Pai Management Institute (TAPMI) and Shiv Nadar University
Downloads 10

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Initial Public Offering, Equity Issue, Going Public, Book Building, Anchor Investors

3.

Are Shareholders of Family Firms Really Better Off?

Number of pages: 52 Posted: 10 Jul 2016
Shantaram P. Hegde, Rama Seth and Vishwanath Ramanna
University of Connecticut - School of Business, Copenhagen Business School and Shiv Nadar University
Downloads 4

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Corporations, Family Firms, Corporate Governance, Ownership Structure, Value of Firm