Amiyatosh K. Purnanandam

University of Michigan, Stephen M. Ross School of Business

701 Tappan Street

Ann Arbor, MI MI 48109

United States

SCHOLARLY PAPERS

21

DOWNLOADS
Rank 729

SSRN RANKINGS

Top 729

in Total Papers Downloads

26,065

CITATIONS
Rank 1,276

SSRN RANKINGS

Top 1,276

in Total Papers Citations

433

Scholarly Papers (21)

Originate-to-Distribute Model and the Subprime Mortgage Crisis

AFA 2010 Atlanta Meetings Paper
Number of pages: 53 Posted: 22 Jul 2008 Last Revised: 20 May 2010
Amiyatosh K. Purnanandam
University of Michigan, Stephen M. Ross School of Business
Downloads 4,840 (1,210)
Citation 64

Abstract:

Sub-prime crisis, originate-to-distribute, screening, bank loans, risk-management, incentives

Originate-to-Distribute Model and the Subprime Mortgage Crisis

FDIC Working Paper No. 2010-08
Number of pages: 54 Posted: 09 Jan 2012
Amiyatosh K. Purnanandam
University of Michigan, Stephen M. Ross School of Business
Downloads 102 (224,463)
Citation 64

Abstract:

2.

Are Ipos Really Underpriced?

Review of Financial Studies, Vol. 17, pp. 811-848, 2004
Number of pages: 57 Posted: 26 Aug 2001 Last Revised: 02 Jan 2011
Bhaskaran Swaminathan and Amiyatosh K. Purnanandam
LSV Asset Management and University of Michigan, Stephen M. Ross School of Business
Downloads 2,901 (2,419)
Citation 100

Abstract:

IPO Overpricing, Underpricing, Valuation, Multiples, Behavioral, Overconfidence, Long run return

3.

Interest Rate Derivatives at Commercial Banks: An Empirical Investigation

University of Michigan Working Paper, FDIC Center for Financial Research Working Paper No. 2006-02
Number of pages: 58 Posted: 18 Mar 2005
Amiyatosh K. Purnanandam
University of Michigan, Stephen M. Ross School of Business
Downloads 2,521 (3,389)
Citation 21

Abstract:

Risk management, hedging, financial distress, derivatives

4.

Financial Distress and Corporate Risk Management: Theory & Evidence

Number of pages: 51 Posted: 25 Mar 2005
Amiyatosh K. Purnanandam
University of Michigan, Stephen M. Ross School of Business
Downloads 2,426 (3,327)
Citation 25

Abstract:

Hedging, financial distress, risk-shifting, derivatives

The Effect of Banking Crisis on Bank-Dependent Borrowers

EFA 2006 Zurich Meetings
Number of pages: 52 Posted: 16 Oct 2005 Last Revised: 26 Oct 2015
Sudheer Chava and Amiyatosh K. Purnanandam
Georgia Institute of Technology - Scheller College of Business and University of Michigan, Stephen M. Ross School of Business
Downloads 1,425 (9,885)
Citation 56

Abstract:

Banking Crisis, Russian Default, Bank loans

The Effect of Banking Crisis on Bank-Dependent Borrowers

FDIC Working Paper No. 2010-09
Number of pages: 55 Posted: 09 Jan 2012
Sudheer Chava and Amiyatosh K. Purnanandam
Georgia Institute of Technology - Scheller College of Business and University of Michigan, Stephen M. Ross School of Business
Downloads 128 (189,331)
Citation 54

Abstract:

Banking Crisis, Russian Default, Bank Loans, Credit Crunch

6.

Do Short Sellers Trade on Private Information or False Information?

Number of pages: 51 Posted: 25 Mar 2008 Last Revised: 15 May 2011
Amiyatosh K. Purnanandam and H. Nejat Seyhun
University of Michigan, Stephen M. Ross School of Business and University of Michigan, Stephen M. Ross School of Business
Downloads 1,146 (12,261)
Citation 1

Abstract:

Short sell, insider trading

7.

Risk-Taking by Banks: What Did We Know and When Did We Know It?

AFA 2012 Chicago Meetings Paper
Number of pages: 48 Posted: 03 Jun 2010 Last Revised: 18 Nov 2011
Sugato Bhattacharyya and Amiyatosh K. Purnanandam
University of Michigan, Stephen M. Ross School of Business and University of Michigan, Stephen M. Ross School of Business
Downloads 1,039 (10,504)
Citation 6

Abstract:

Sub-prime crisis, originate-to-distribute, screening, bank loans, risk-management, incentives

8.
Downloads 1,000 ( 17,545)
Citation 52

Do Shareholder Rights Affect the Cost of Bank Loans?

EFA 2004 Maastricht Meetings Paper No. 5061
Number of pages: 51 Posted: 03 Aug 2004 Last Revised: 26 Oct 2015
Sudheer Chava, Dmitry Livdan and Amiyatosh K. Purnanandam
Georgia Institute of Technology - Scheller College of Business, University of California, Berkeley and University of Michigan, Stephen M. Ross School of Business
Downloads 1,000 (17,221)
Citation 52

Abstract:

Corporate governance, shareholder rights, investor protection, hostile takeovers, bank loans, loan spreads

Do Shareholder Rights Affect the Cost of Bank Loans?

The Review of Financial Studies, Vol. 22, Issue 8, pp. 2973-3004, 2009
Posted: 05 Aug 2009
Sudheer Chava, Dmitry Livdan and Amiyatosh K. Purnanandam
Georgia Institute of Technology - Scheller College of Business, University of California, Berkeley and University of Michigan, Stephen M. Ross School of Business

Abstract:

G21, G32, G34

9.

CEOs vs. CFOs: Incentives and Corporate Policies

Number of pages: 46 Posted: 19 Mar 2008 Last Revised: 26 Oct 2015
Sudheer Chava and Amiyatosh K. Purnanandam
Georgia Institute of Technology - Scheller College of Business and University of Michigan, Stephen M. Ross School of Business
Downloads 944 (15,906)
Citation 29

Abstract:

Capital Structure, Cash, Debt Maturity, Accrual, Incentives

10.
Downloads 749 ( 26,850)
Citation 43

Is Default Risk Negatively Related to Stock Returns?

Number of pages: 46 Posted: 01 Aug 2007 Last Revised: 26 Oct 2015
Sudheer Chava and Amiyatosh K. Purnanandam
Georgia Institute of Technology - Scheller College of Business and University of Michigan, Stephen M. Ross School of Business
Downloads 749 (26,424)
Citation 43

Abstract:

Default risk, bankruptcy, expected return, realized return, implied cost of capital

Is Default Risk Negatively Related to Stock Returns?

The Review of Financial Studies, Vol. 23, Issue 6, pp. 2523-2559, 2010
Posted: 17 May 2010
Sudheer Chava and Amiyatosh K. Purnanandam
Georgia Institute of Technology - Scheller College of Business and University of Michigan, Stephen M. Ross School of Business

Abstract:

G11, G12, G13, G14, G33

11.

Determinants of the Floating-to-Fixed Rate Debt Structure of Firms

EFA 2006 Zurich Meetings
Number of pages: 47 Posted: 28 Feb 2005
Sudheer Chava and Amiyatosh K. Purnanandam
Georgia Institute of Technology - Scheller College of Business and University of Michigan, Stephen M. Ross School of Business
Downloads 686 (28,310)
Citation 10

Abstract:

Hedging, floating rate debt, corporate governance, executive compensation

12.

Do Stock Prices Underreact to Seo Announcements? Evidence from Seo Valuation

Number of pages: 43 Posted: 26 Mar 2006
Amiyatosh K. Purnanandam and Bhaskaran Swaminathan
University of Michigan, Stephen M. Ross School of Business and LSV Asset Management
Downloads 633 (31,453)
Citation 4

Abstract:

13.

Corporate Hedging, Investment and Value

EFA 2008 Athens Meetings Paper, FEDS Working Paper No. 2008-16
Number of pages: 44 Posted: 19 Mar 2008 Last Revised: 26 Jan 2011
Jose M. Berrospide, Amiyatosh K. Purnanandam and Uday Rajan
Board of Governors of the Federal Reserve System, University of Michigan, Stephen M. Ross School of Business and Stephen M. Ross School of Business, University of Michigan
Downloads 565 (34,702)
Citation 3

Abstract:

Currency derivatives, firm value, underinvestment, debt capacity, cost of capital

14.

The Strategic Under-Reporting of Bank Risk

Taylor A. Begley, Amiyatosh Purnanandam, Kuncheng Zheng; The Strategic Underreporting of Bank Risk, The Review of Financial Studies, Volume 30, Issue 10, 1 pp. 337613415, October 2017, DOI: org/10.1093/rfs/hhx036, Ross School of Business Paper No. 1260
Number of pages: 76 Posted: 03 Dec 2014 Last Revised: 13 Sep 2017
Taylor A. Begley, Amiyatosh K. Purnanandam and Kuncheng (K.C.) Zheng
Washington University in St. Louis - John M. Olin Business School, University of Michigan, Stephen M. Ross School of Business and Northeastern University - D’Amore-McKim School of Business
Downloads 475 (18,437)

Abstract:

value-at-risk, risk-based capital requirements, risk measurement, systemic risk

15.

Design of Financial Securities: Empirical Evidence from Private-Label RMBS Deals

Begley, Taylor A. and Purnanandam, Amiyatosh K., Design of Financial Securities: Empirical Evidence from Private-Label RMBS Deals. Review of Financial Studies, 30 (1): 120-161, 2017, DOI: 10.1093/rfs/hhw056
Number of pages: 61 Posted: 15 Mar 2012 Last Revised: 14 Apr 2017
Taylor A. Begley and Amiyatosh K. Purnanandam
Washington University in St. Louis - John M. Olin Business School and University of Michigan, Stephen M. Ross School of Business
Downloads 474 (27,157)
Citation 5

Abstract:

Security design, Mortgage-backed securities, Equity tranche, Subprime mortgage crisis

16.

Seasoned Equity Offerings, Corporate Governance, and Investments

Review of Finance, Forthcoming
Number of pages: 42 Posted: 27 Apr 2011 Last Revised: 29 Mar 2013
E. Han Kim and Amiyatosh K. Purnanandam
University of Michigan, Stephen M. Ross School of Business and University of Michigan, Stephen M. Ross School of Business
Downloads 417 (45,701)
Citation 6

Abstract:

Governance, Equity Issuance, Business Combination Statutes, Managerial Incentives, Signaling, Adverse Selection Problem

17.

Growth Option Exercise and Capital Structure

AFA 2013 San Diego Meetings Paper
Number of pages: 47 Posted: 17 Nov 2011 Last Revised: 01 Jan 2015
Amiyatosh K. Purnanandam and Uday Rajan
University of Michigan, Stephen M. Ross School of Business and Stephen M. Ross School of Business, University of Michigan
Downloads 378 (54,813)
Citation 1

Abstract:

Growth Option, Capital Structure

18.

Can Markets Discipline Government Agencies? Evidence from the Weather Derivatives Market

Journal of Finance, Forthcoming
Number of pages: 46 Posted: 31 Aug 2012 Last Revised: 26 Oct 2015
Amiyatosh K. Purnanandam and Daniel Weagley
University of Michigan, Stephen M. Ross School of Business and Georgia Institute of Technology - Scheller College of Business
Downloads 207 (76,886)

Abstract:

19.

Color and Credit: Race, Regulation, and the Quality of Financial Services

Number of pages: 42 Posted: 24 Mar 2017 Last Revised: 09 Oct 2017
Taylor A. Begley and Amiyatosh K. Purnanandam
Washington University in St. Louis - John M. Olin Business School and University of Michigan, Stephen M. Ross School of Business
Downloads 0 (123,681)

Abstract:

discrimination, product quality, financial sophistication, consumer protection, regulation

20.

A System-Wide Approach to Measure Connectivity in the Financial Sector

Number of pages: 62 Posted: 11 Aug 2016 Last Revised: 20 Apr 2017
Sumanta Basu, Sreyoshi Das, George Michailidis and Amiyatosh K. Purnanandam
Cornell University, University of Michigan at Ann Arbor - Department of Economics, University of Michigan at Ann Arbor and University of Michigan, Stephen M. Ross School of Business
Downloads 0 (139,482)

Abstract:

Systemic Risk, Financial Networks, Lasso, Vector Autoregression

21.

Market Pricing of Deposit Insurance

Journal of Financial Services Research, Vol. 24, No. 2-3, pp. 93-119
Posted: 17 Feb 2004
Darrell Duffie, Robert A. Jarrow and Amiyatosh K. Purnanandam
Stanford University - Graduate School of Business, Cornell University - Samuel Curtis Johnson Graduate School of Management and University of Michigan, Stephen M. Ross School of Business

Abstract:

Deposit insurance pricing, risk-neutral default probability, bank failure