Sanjai Bhagat is the Professor of Finance at the Leeds School of Business at the University of Colorado Boulder. He serves as an independent director on corporate boards, and advises various government agencies on corporate finance and corporate governance. [1]
Bhagat graduated with a degree in Mechanical Engineering at the Indian Institute of Technology -Delhi, before attending the University of Rochester for an MBA then earning a PhD in Finance at the University of Washington.
He began his career as an Assistant Professor of Finance at the David Eccles School of Business at the University of Utah; he then joined the University of Washington's Foster School of Business faculty as a visiting Assistant Professor of Economics and Finance. After teaching at the University of Chicago (Chicago Booth) as a visiting Associate Professor of Finance, he joined the Leeds School of Business at University of Colorado. He has also worked at the Economics department at Princeton University as a Visiting Professor, and the U.S. Securities and Exchange Commission. [2]
At the Leeds School of Business, he was the founding Director of the Burridge Center for Securities Analysis & Valuation. [3]
Bhagat's research focuses on corporate governance, value-creating acquisitions, IPO valuation, new venture finance, executive compensation, ESG, capitalism and rule of law. His paper, "Corporate Governance and Corporate Performance" was awarded the Paper of the Decade Award for being the most impactful paper in the Journal of Corporate Finance during 2008–2018. [4] Bhagat has written extensively on executive pay and board of directors compensation and equity. [5] [6]
His paper "The Promise and Perils of Corporate Governance Indices", [7] was selected as one of the "Best Corporate and Securities Articles" by the Vanderbilt Law School publication Corporate Practice Commentator. [8] The European Corporate Governance Institute also awarded the article the De Brauw Blackstone Westbroek Law Prize for best paper. [9] [10] He is the author of Financial Crisis, Corporate Governance, and Bank Capital, which argues that future financial crises can be averted by changing incentive contracts for top executives and by requiring banks to hold larger cash reserves. [11]
Shareholders vs. Stakeholders: The Role of Corporate Directors https://leeds-faculty.colorado.edu/bhagat/DirectorsAndBoards-December-2020.pdf
Directors of Successful Startups http://leeds-faculty.colorado.edu/bhagat/NACD-Directorship-JulyAug2020-Bhagat.pdf
IPOs and Directors https://www.directorsandboards.com/articles/singlewhat-directors-can-learn-ipos
Why Do Venture Capitalists Use Such High Discount Rates? http://www.emeraldinsight.com/doi/full/10.1108/JRF-08-2013-0055
Why Executive Compensation Clawbacks Don’t Work https://hbr.org/2021/03/why-executive-compensation-clawbacks-dont-work?ab=hero-subleft-1
Coronavirus Stimulus, Executive Compensation, And Share Repurchase https://www.realclearmarkets.com/articles/2020/03/27/coronavirus_stimulus_executive_compensation_and_share_repurchase_487727.html
Executive Compensation: The Case For Restricted Equity http://leeds-faculty.colorado.edu/bhagat/Bhagat-NACD-Directorship-Magazine-JanuaryFebruary-2017.pdf
Relational Investing And Company Performance https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1475-6803.2004.00075.x
Business Uncertainty During Pandemic Increases Forecasts of Unemployment https://www.washingtontimes.com/news/2020/apr/22/business-uncertainty-during-pandemic-increases-for/
Outsourcing Manufacturing to China Endangers U.S. Security and Public Health https://www.washingtontimes.com/news/2020/apr/13/outsourcing-manufacturing-to-china-endangers-us-se/
How to Prepare America's Banks for the Next Financial Crisis https://thehill.com/blogs/pundits-blog/finance/328357-how-to-prepare-americas-banks-for-the-next-financial-crisis
Rule of Law Leads to More Growth And Less Inequality https://www.realclearmarkets.com/2020/09/22/rule_of_law_leads_to_more_growth_less_inequality_578190.html
Corporate governance are mechanisms, processes and relations by which corporations are controlled and operated ("governed").
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The Duisenberg School of Finance (DSF) was an educational organization in the Netherlands. It offered Master's level education in finance between 2008 and 2015. The school was launched as a collaborative initiative between the Dutch financial sector in conjunction with local and international academic institutions. Amongst others, the founders of the initiative were Nout Wellink and Minister of the Economic Affairs, Maria van der Hoeven. The name was chosen by the founders to honor Wim Duisenberg, the first President of the European Central Bank.
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Charles Myer Elson is the Edgar S. Woolard Jr. Chair in Corporate Governance at the University of Delaware. He currently serves on the Board of Directors for Encompass Health. He has served on the Board of Directors for Circon Corporation, Sunbeam Corporation, Nuevo Energy, AutoZone, Alderwoods Group, and Bob Evans Farms.
Henrik Cronqvist is the Robert J. and Carolyn A. Waltos Dean and Professor of Economics of the George L. Argyros School of Business and Economics at Chapman University in Orange, California, a position he has held since August 2022. He previously served as a professor of finance, Bank of America scholar, and vice dean for faculty and research at the University of Miami School of Business, where he conducted interdisciplinary research and taught finance and management courses at both undergraduate and graduate levels.
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