Shantaram P. Hegde

University of Connecticut- Finance Department

Professor of Finance

School of Business

2100 Hillside Road

Storrs, CT 06269

United States

SCHOLARLY PAPERS

26

DOWNLOADS
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4,362

SSRN CITATIONS
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SSRN RANKINGS

Top 18,652

in Total Papers Citations

19

CROSSREF CITATIONS

33

Scholarly Papers (26)

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- Finance Department
Downloads 521 (59,344)

Abstract:

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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- Finance Department and John F. Welch College of Business, Sacred Heart University
Downloads 465 (68,339)
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- Finance Department
Downloads 457 (69,766)
Citation 3

Abstract:

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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- Finance Department and Fairfield University - Charles F. Dolan School of Business
Downloads 324 (103,994)

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

5.

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- Finance Department and University of North Carolina (UNC) at Chapel Hill
Downloads 316 (106,958)
Citation 6

Abstract:

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Research and Development, Pharmaceuticals, Price Controls

6.

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- Finance Department
Downloads 302 (112,245)
Citation 1

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Liquidity market microstructure index portfolio

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- Finance Department
Downloads 277 (122,989)
Citation 1

Abstract:

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8.

Patented Knowledge Capital and Implied Equity Risk Premium

Number of pages: 85 Posted: 27 Jan 2014 Last Revised: 24 Aug 2019
Shantaram P. Hegde and Dev R. Mishra
University of Connecticut- Finance Department and University of Saskatchewan - Edwards School of Business
Downloads 256 (133,564)
Citation 3

Abstract:

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

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- Finance Department and University of North Carolina (UNC) at Chapel Hill
Downloads 195 (173,181)

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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- Finance Department and University of North Carolina (UNC) at Chapel Hill
Downloads 57 (410,857)
Citation 1

Abstract:

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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- Finance Department
Downloads 232 (147,125)
Citation 1

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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- Finance Department
Downloads 138 (232,491)
Citation 2

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- Finance Department
Downloads 125 (251,046)
Citation 2

Abstract:

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Asset allocation, pension, corporate governance, risk-taking

13.

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- Finance Department
Downloads 116 (265,366)
Citation 2

Abstract:

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Policy Uncertainty, Cash Holdings, Value of Cash

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- Finance Department
Downloads 114 (269,936)
Citation 1

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- Finance Department
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initial public offering, equity valuation, retail investor, investor attention

15.

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- Finance Department and Florida State University
Downloads 106 (282,670)

Abstract:

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

16.

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- Finance Department and University of Saskatchewan - Edwards School of Business
Downloads 93 (308,222)

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

17.

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- Finance Department and University of Saskatchewan - Edwards School of Business
Downloads 88 (319,100)
Citation 1

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

18.

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- Finance Department
Downloads 87 (321,388)
Citation 1

Abstract:

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Corporate governance ratings, firm performance, commercial governance ratings

19.

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- Finance Department
Downloads 62 (388,401)

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

20.

Defined Contribution Pension Risk and Mergers and Acquisitions: Evidence from United Kingdom

University of Connecticut School of Business Research Paper No. 20-07
Number of pages: 72 Posted: 07 Jul 2020 Last Revised: 08 Jul 2020
Shantaram P. Hegde, Sudi Sudarsanam and Naaguesh Appadu
University of Connecticut- Finance Department, affiliation not provided to SSRN and affiliation not provided to SSRN
Downloads 18 (590,130)
Citation 1

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Mergers and acquisitions; shareholders value; pension scheme risk, payment method

21.

Firm Characteristics as Cross-Sectional Determinants of Adverse Selection

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- Finance Department
Downloads 13 (623,935)
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22.

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- Finance Department

Abstract:

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Policy Uncertainty; Cash Holdings; Value of Cash

23.

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- Finance Department

Abstract:

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24.

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- Finance Department, California State University, Sacramento and California State University, Sacramento

Abstract:

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Financial Markets, Market Microstructure, Market Structure and Organizations

25.

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

Posted: 06 Feb 2004
John M. Halstead, Shantaram P. Hegde and Linda Schmid Klein
Southern Connecticut State University, University of Connecticut- Finance Department and University of Connecticut - Department of Finance

Abstract:

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

26.

Hedging Multiple Price and Quantity Exposures

Posted: 19 Mar 2002
John B. McDermott, Shantaram P. Hegde and Carmelo Giaccotto
Fairfield University - Charles F. Dolan School of Business, University of Connecticut- Finance Department and University of Connecticut - Department of Finance

Abstract:

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hedging, exchange rate risk, economic exposure

Other Papers (3)

Total Downloads: 51
1.

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- Finance Department, Copenhagen Business School, T.A. Pai Management Institute (TAPMI) and Shiv Nadar University
Downloads 32

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

2.

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- Finance Department, Copenhagen Business School, T A Pai Management Institute and Shiv Nadar University
Downloads 14

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Dividend Tax, Payout Policy, Individual Investor, Financing Policy

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- Finance Department, Copenhagen Business School and Shiv Nadar University
Downloads 5

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