Sanjai Bhagat

Last updated

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]

Contents

Career

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]

Research work

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]

Related Research Articles

Michael Cole Jensen was an American economist who worked in the field of financial economics. From 1967-1988, he was on the University of Rochester's faculty. Between 2000 and 2009 he worked for the Monitor Company Group, a strategy-consulting firm which became "Monitor Deloitte" in 2013. Until 2000, he held the position of Jesse Isidor Straus Professor of Business Administration at Harvard University.

Jonathan R. Macey is an American legal scholar who serves as the Sam Harris Professor of Corporate Law, Corporate Finance and Securities Law at Yale Law School. Macey is the 4th most cited legal scholar ever in the world in the field of corporate law.

John C. Coffee Jr. is the Adolf A. Berle Professor of Law and director of the Center on Corporate Governance at Columbia Law School.

Maureen Patricia O'Hara is an American financial economist. O'Hara is the Robert W. Purcell Professor of Management, a professor of finance, and acting director in Graduate Studies at the Samuel Curtis Johnson Graduate School of Management at Cornell University. She has won numerous awards and grants for her research, served on numerous boards, served as an editor for numerous finance journals, and chaired the dissertations of numerous students. In addition, she is well known as the author of Market Microstructure Theory. She was the first female president of the American Finance Association. She has been awarded honorary doctorates from three European universities.

Lawrence A. Cunningham is a corporate director and advisor, author, professor and lawyer. He is the founder and managing partner of the Quality Shareholders Group and special counsel with an international law firm. Cunningham is best known as an expert on corporate governance. He is also known for his knowledge of the history and corporate culture of Berkshire Hathaway and Warren Buffett. He has served on the board of directors of many companies, including Constellation Software, Kelly Group Partners, and Markel Group.

Aswath Damodaran, is a Professor of Finance at the Stern School of Business at New York University, where he teaches corporate finance and equity valuation.

<span class="mw-page-title-main">Simon Deakin</span>

Simon Deakin is Professor of Law at the Faculty of Law, Cambridge, and a Fellow of Peterhouse, Cambridge. He is regarded as the leading expert in the field of employment law and labour law and is the programme director in the Cambridge Centre for Business Research (CBR), as well as an associate Faculty member of the Judge Business School.

Menachem Brenner is a professor of finance and a Bank and Financial Analysts Faculty Fellow at New York University Stern School of Business.

Alexander Ljungqvist is a Swedish economist, educator, scholar, writer, and speaker. He is a professor of finance at the Stockholm School of Economics, where he is the inaugural holder of the Stefan Persson Family Chair in Entrepreneurial Finance. His areas of expertise include corporate finance, investment banking, initial public offerings, entrepreneurial finance, private equity, venture capital, corporate governance, and asset pricing. Professor Ljungqvist teaches Master's, MBA, and executive courses in private equity and venture capital and a PhD course in corporate finance.

<span class="mw-page-title-main">Duisenberg School of Finance</span> Educational school now part of University of Amsterdam

The Duisenberg School of Finance (DSF) was an educational university in the Netherlands. It offered Master's level education in finance between 2008 and 2015. The school was launched as a collaboration between the Dutch financial sector and various academic institutions. DSF's founders include influential Dutch economist Nout Wellink and Minister of 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. 

Jay Brown is a law professor with specializations in corporations and corporate governance, business law, administrative law, and securities regulation. He currently teaches at the University of Denver Sturm College of Law.

<span class="mw-page-title-main">Paul R. Mather</span> Australian of Sri Lankan origin

Professor Paul Rohan Mather is an Australian of Sri Lankan origin who is Professor of Accounting and Finance, School of Accounting, La Trobe University, Australia.

Tony Naughton was a British/Australian financial economist and academic accountant who was the head of the School of Economics, Finance and Marketing at the Royal Melbourne Institute of Technology (RMIT) for over ten years immediately prior to his death in July 2013. He was known for his research into finance and corporate governance and for his contribution to raising the research profile of the School of Economics, Finance and Marketing at RMIT. He was also known for the successful mentoring of a large number of students and colleagues.

David F. Larcker is an American academic and author. He is the James Irvin Miller Professor of Accounting, and director of the Corporate Governance Research Initiative at the Stanford Graduate School of Business, senior faculty of The Arthur and Toni Rembi Rock Center for Corporate Governance at Stanford University, codirector of the Stanford Directors' Consortium Executive Program and Professor of Law, of Stanford Law School. He also serves as a trustee of the Wells Fargo Advantage Funds.

William Viscusi is an American economist whose primary fields of research are the economics of risk and uncertainty, risk and environmental regulation, behavioral economics, and law and economics. Viscusi is the University Distinguished Professor of Law, Economics, and Management at Vanderbilt Law School where he and his wife, Joni Hersch, are the founders and co-directors of the Ph.D. Program in Law and Economics. Prior to his appointment at Vanderbilt, Viscusi was the first John F. Cogan, Jr. Professor of Law and Economics at Harvard Law School and Director of the Harvard Program on Empirical Legal Studies. Viscusi is the author of Pricing Lives: Guideposts for a Safer Society.

Joseph Aloysius McCahery is an American academic researcher, corporate lawyer and institutional adviser. McCahery is most notable for his contribution in corporate finance and law, European business law, financial markets and banking regulations, the political economy of federalism and taxation.

<span class="mw-page-title-main">Yishay Yafeh</span>

Yishay Yafeh is an Economist and a Professor of Finance at the Hebrew University of Jerusalem School of Business Administration in Israel. Between 2010–2012 he was the vice- dean of the Hebrew University School of Business Administration and the Dean of the School between 2012–2016.

<span class="mw-page-title-main">Krishnamurthy Subramanian</span> Indian economist

Krishnamurthy Venkata Subramanian is an Indian economist who served as the 17th Chief Economic Adviser to the Government of India. Subramanian is a leading expert on economic policy, banking and corporate governance, who was the youngest Chief Economic Advisor to the Government of India, serving from 2018 to 2021. He has been appointed to the post of India's Executive Director at the IMF, with effect from November 1, 2022.

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.

Vijay Khatri is an Indian-American academic administrator and professor currently serving as the Tandean Rustandy Endowed Dean of the Leeds School of Business at the University of Colorado Boulder. He took office in July 2023 and holds the first endowed deanship at the university.

References

  1. "Sanjai Bhagat". Leeds School of Business. 7 May 2014.
  2. "What is the role of the corporation? My long-read Q&A with Sanjai Bhagat". American Enterprise Institute - AEI. 25 September 2020.
  3. "CU-Boulder Conference To Forecast Stock Market Returns Through 2025". CU Boulder Today. 29 August 2000. Retrieved 30 July 2020.
  4. "25th Anniversary Award and Decade Award - News - Elsevier". Elsevier. 18 April 2021. Archived from the original on 2021-04-18.
  5. Bhagat, Sanjai (3 May 2017). "Board Directors Should Be Paid Only in Equity". Harvard Business Review.
  6. "Exclusive: Novavax Executives Could Get Big Payday Even if Vaccine Fails". The New York Times. Reuters. 22 July 2020. Retrieved 30 July 2020.
  7. Bhagat, Sanjai; Bolton, Brian; Romano, Roberta (2008). "The Promise and Peril of Corporate Governance Indices". Columbia Law Review. 108: 1803.
  8. Leiter, Brian. "Brian Leiter's Law School Reports". leiterlawschool.typepad.com.
  9. "2008 Prize winners". ECGI. 29 June 2018.
  10. "People on the move". The Denver Post. 27 May 2010.
  11. Bhagat, Sanjai (2017). "Financial crisis, corporate governance, and bank capital". Cambridge University Press.