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Kartik Raman

Professor, Finance
George and Louis Kane Professor of Finance
Ph.D., Binghamton University, 1998
MBA, Georgia Southern University, 1993
Bachelor of Science, Armstrong State College, 1991
Office: Adamian Academic Center 215 | 781.891._2781 | kraman@bentley.edu
                       


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Bio

Prof Raman studies agency, product markets, and financial reporting choices in the context of corporate investment and financing decisions. His research has been published in top tier Finance and Accounting journals.

Teaching Interests

Equity valuation; Portfolio management; Fixed income markets; Applied investments;

Research Interests

Corporate investment and financing policies; Agency; Product markets; Financial reporting decisions; Pension accounting;

Consulting/Practice Interests

Expertise in assessing Fair Value (in accordance with FAS 157) of: investments in private firms and hard to value assets; fixed income securities including mortgage backed securities, credit default swaps; auction rate securities; CMOs; CDOs; investments in hedge funds and private equity funds;

Professional Links

http://www.bentley.edu/faculty/raman-kartik

Professional Memberships

American Finance Association
Financial Management Association

Awards and Honors

2011, Outstanding Scholarly Contribution Award, Bentley University
2009, Semi-Finalist, Best Paper in Corporate Finance Award, Financial Management Association Conference, 2009
2002, George and Louis Kane Professorship: 2002 to present
2001, Outstanding Business Finance Competitive Paper Award, Financial Management Association Annual Conference
1999, Outstanding Business Finance Competitive Paper Award, Financial Management Association Annual Conference

Publications

Journal Article(s)
Minnick, K. L., Raman, K. (2014). Why are stock splits declining? Financial Management, 43 (1), 29-60.

Gupta, A., Raman, K. (2014). Board diversity and CEO selection. Journal of Financial Research, Vol. 37 (4), 495-517.

Minnick, K. L., Raman, K. (2013). Why are Stock Splits Disappearing? , CFA Digest, 43(4), 43 (4).

Raman, K., Shivakumar, L., Tamayo, A. (2013). Target's earnings quality and bidders' takeover decisions. Review of Accounting Studies, 18 (4), 1050-1087.

Erhemjamts, O., Raman, K. (2012). The Role of Investment Bank Reputation and Relationships in Equity Private Placements. Journal of Financial Research, 35 (2), 183-210. (link)

Erhemjamts, O., Raman, K., Shahrur, H. (2010). Industry structure and corporate debt maturity. The Financial Review, 45 (3), 627-657. (link)

Raman, K., Shahrur, H. (2008). Relationship-specific investments and earnings management: Evidence on corporate suppliers and customers. The Accounting Review, 83 (4), 1041-1081.

Datta, S., Raman, K. (2007). Are convertible bond calls harbingers of bad news? Corporate Ownership and Control, 4 (4), 183-192.

Datta, S., Iskandar-Datta, M., Raman, K. (2005). Executive Compensation Structure and Corporate Equity Financing Decisions. Journal of Business, September, 1859-1889.

Datta, S., Iskandar-Datta, M., Raman, K. (2005). Managerial Stock Ownership and the Maturity Structure of Corporate Debt. Journal of Finance, 60 (October), 2333-2350.

Datta, S., Iskandar-Datta, M., Raman, K. (2004). In Defense of Incentive Compensation: Evidence on Acquisition Policy. Journal of Applied Corporate Finance (Fall), 82-88.

Datta, S., Iskandar-Datta, M., Raman, K. (2003). Value Creation in Corporate Divestitures. Corporate Finance Review, 7, 25-36.

Datta, S., Iskandar-Datta, M., Raman, K. (2003). Value Creation in Corporate Asset Sales: The Role of Managerial Performance and Lender Monitoring. Journal of Banking and Finance, 27, 351-375.

Datta, S., Iskandar-Datta, M., Raman, K. (2003). Convertible Bond Calls: Resolution of the Information Content Puzzle. Journal of Financial Intermediation, 12, 255-276.

Datta, S., Iskandar-Datta, M., Raman, K. (2001). Executive Compensation and Corporate Acquisition Decisions. Journal of Finance, 56, 2299-2336.

Datta, S., Iskandar-Datta, M., Raman, K. (2000). Debt Structure Adjustments and Long-run Stock Price Performance. Journal of Financial Intermediation, 9, 427-453.

Book Chapters
Erhemjamts, O, Raman, K. (2011). Financial Restructuring. The Art of Capital Restructuring: Creating Shareholder Value Through Mergers and Acquisitions . John Wiley & Sons, Inc.

Conference Proceeding(s)
Gujarathi, M. R., Gupta, A., Raman, K. (2011). Pension Plan Returns and the Firm's Cost of Debt. American Accounting Association, Annual Meeting.

Gujarathi, M. R., Gupta, A., Raman, K. (2010). Pension Plan Returns and the Firm's Cost of Debt. Financial Management Association, FMA Annual Meeting.

Conference Presentations

Minnick, K. L., Raman, K. (2014). "Board composition and contracting frictions: Evidence on suppliers and customers." Presented at the Southern Finance Association Conference.

Gupta, A., Raman, K. (2014). "Social capital and the cost of equity." Presented at the University of Massachusetts-Boston's UMass-Boston research seminar, Boston.

Gupta, A., Raman, K. (2014). "Social capital and the cost of equity." Presented at the Finance department, Bentley University's Research seminar, Waltham.

Gupta, A., Raman, K. (2014). "Board diversity and CEO selection." Presented at the Financial Management Association's Financial Management Association, Nashville.

Minnick, K. L., Raman, K. (2014). "Board composition and contracting frictions: Evidence on suppliers and customers." Presented at the Indian Institute of Management at Bangalore Seminar Series.

Minnick, K. L., Raman, K. (2014). "Board composition and contracting frictions: Evidence on suppliers and customers." Presented at the Bentley Seminar Series.

Gupta, A., Raman, K. (2013). "Board diversity and CEO selection." Presented at the Southern Finance Association Conference, Puerto Rico.

Gupta, A., Raman, K. (2013). "Female CEOs." Presented at the Southwest Finance Association, Albuquerque, New Mexico.

Gupta, A., Raman, K. (2013). "Board diversity and CEO selection." Presented at the Northeastern University Seminar, Boston.

Gupta, A., Raman, K. (2012). "Female CEOs." Presented at the Bentley Finance Seminar Series, Bentley University.

Gupta, A., Raman, K. (2012). "Female CEOs." Presented at the Concordia University Seminar Series, Montreal.

Raman, K., Spizman, J. (2012). "Demand Shocks to Securities and the Pricing of Economically Linked Stocks: Evidence on S&P 500 Index Additions." Presented at the Financial Management Association, Atlanta.

Minnick, K. L., Raman, K. (2012). "Why are stock splits disappearing?" Presented at the Financial Management Association, Atlanta.

Minnick, K. L., Raman, K. (2011). "Why are stock splits disappearing?" Presented at the Indian Institute of Management, Bangalore's India Finance Conference, Bangalore, India.

Raman, K. (2011).

Minnick, K. L., Raman, K. (2011). "Why are stock splits disappearing?" Presented at the Southern Finance Association Conference, Key West, FL.

Minnick, K. L., Raman, K. (2011). "Why are stock splits disappearing?" Presented at the Bentley University's Bentley Research Seminar Series, Waltham, MA.

Gujarathi, M. R., Gupta, A., Raman, K. (2011). "Pension Plan Returns and the Firm's Cost of Debt." Presented at the American Accounting Association's Annual Meeting, San Francisco.

Gujarathi, M. R., Gupta, A., Raman, K. (2011). "Assumed returns on pension plans and the firm's cost of debt." Presented at the Indian Institute of Management, Bangalore's IIM Bangalore Research Seminar Series, Bangalore, India.

Minnick, K. L., Raman, K. (2011). "Why are stock splits disappearing?" Presented at the Bentley University's Boston Area Finance Conference, Waltham, MA.

Gujarathi, M. R., Gupta, A., Raman, K. (2010). "Pension Plan Returns and the Firm's Cost of Debt." Presented at the Financial Management Association's FMA Annual Meeting, New York,NY.

Gujarathi, M. R., Gupta, A., Raman, K. (2010). "Assumed return on pension plans and the firm's cost of debt." Presented at the Binghamton University (SUNY)'s Binghamton University Research Seminar, Binghamton, NY.

Erhemjamts, O., Raman, K., Shahrur, H. (2008). "Industry Structure and Debt Maturity." Presented at the Financial Management Association, Grapevine, Dallas.

Erhemjamts, O., Raman, K., Shahrur, H. (2008). "Industry Structure and Debt Maturity." Presented at the European Financial Management Association, Athens, Greece.

Service

Department Service
Secondary evaluator for tenure track faculty, 2014 - 2014
Committee Member for MSF Policy Review Committee, 2014 - 2014
Fall Open House, 2014 - 2014
Committee Member for Research Committee, 2014 - 2014
Committee Member for Recruiting committee, 2013 - 2013
Coordinator, 2013 - 2013
Primary evaluator for tenure track faculty member, 2013 - 2013
Committee Member for Recruiting Committee, 2012 - 2012
Department Chair Review Coordinator, 2012 - 2012
Committee Chair for Research Committee, 2012 - 2012
Research Seminar Coordinator, 2012 - 2012
Represented the department at open house, 2011 - 2012

Professional Service
Reviewer, Journal Article for Academic journals, 2014 - 2014
Reviewer, Conference Paper for Southern Finance Association Conference, 2014 - 2014
Reviewer, Journal Article for Academic journals, 2013 - 2013
Reviewer, Conference Paper for Southern Finance Association Conference, 2013 - 2013
External Reviewer for P&T at The University of St. Thomas, 2013 - 2013
Reviewer, Journal Article for Academic journals, 2012 - 2012
Conference/Workshop Organizer for Program Committee, 2012 FMA Conference, 2012 - 2012
External Reviewer for P&T at Oklahoma State University, 2011 - 2011

Public Service
Committee Member for Investment Advisory Committee, Blue Hills Bank, 2011 - 2013