Kartik Raman

Kartik Raman

  • Associate Provost and George and Louis Kane Professor, Finance
  • George and Louis Kane Professor of Finance
  • Ph.D. in Finance, Binghamton University
  • M.B.A. Georgia Southern University
  • Bachelor of Science in Mathematics, Armstrong State College

Teaching Interests

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

Research Interests

Corporate investment and financing policies;
Agency; Product markets; Financial reporting decisions; Board structure

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;

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.

Awards and Honors

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

    • Scholarly Contributions and Creative Productions

    Journal Articles

  • Gupta, A., Nemani, A. K., Raman, K. (2023). Ethical issues around share repurchase announcements: The role of social capital. Journal of Business Ethics (Forthcoming)
  • Hasan, I., Minnick, K. L., Raman, K. (2020). Credit allocation when borrowers are economically linked: An empirical analysis of bank loans to corporate customers. Journal of Corporate Finance, (62) June
  • Minnick, K. L., Raman, K. (2020). Director Industry Expertise and Voluntary Corporate Disclosure. Quarterly Journal of Finance, (10 (3))
  • Gupta, A., Raman, K., Shang, C. (2020). Do informal contracts matter for corporate innovation? Evidence from social capital. Journal of Financial and Quantitative Analysis, (55) 5 1657-1684.
  • Gupta, A., Raman, K., Shang, C. (2018). Social capital and the cost of equity. Journal of Banking and Finance, (87) 102-117.
  • Minnick, K. L., Raman, K. (2017). Board composition and relationship-specific investments by customers and suppliers. Financial Management, (46) 1 203-239.
  • Gupta, A., Raman, K. (2014). Board diversity and CEO selection. Journal of Financial Research, (Vol. 37) 4 495-517.
  • Minnick, K. L., Raman, K. (2014). Why are stock splits declining?. Financial Management, (43) 1 29-60.
  • Raman, K., Shivakumar, L., Tamayo, A. (2013). Target's earnings quality and bidders' takeover decisions. Review of Accounting Studies, (18) 4 1050-1087.
  • Minnick, K. L., Raman, K. (2013). Why are Stock Splits Disappearing?. , CFA Digest, 43(4), (43) 4
  • 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). Managerial Stock Ownership and the Maturity Structure of Corporate Debt. Journal of Finance, (60) October 2333-2350.
  • 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. (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). Convertible Bond Calls: Resolution of the Information Content Puzzle. Journal of Financial Intermediation, (12) 255-276.
  • 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). Value Creation in Corporate Divestitures. Corporate Finance Review, (7) 25-36.
  • 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.
  • Gupta, A., Raman, K. Board diversity and CEO selection. (In Progress)
  • Gupta, A., Raman, K. Does CEO gender matter to investors?. (In Progress)

    • Books

  • Raman, K. (2026). TITLE, (1) , 2 3. CITY AND STATE: PUBLISHER (Link)

    • 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.

    • Abstract

    Conference Proceedings

  • Gujarathi, M. R., Gupta, A., Raman, K. (2011). “Pension Plan Returns and the Firm's Cost of Debt” American Accounting Association San Francisco
  • Gujarathi, M. R., Gupta, A., Raman, K. (2010). “Pension Plan Returns and the Firm's Cost of Debt” Financial Management Association New York,NY

    • Other Scholarly Work

  • Raman, K. (2030). TITLE. JOURNAL TITLE, (VOLUME) 1 2. (Link).
  • Raman, K.Supply chain relationships and management's earnings forecasts. (In Progress).
  • Shang, C.Social capital and corporate innovation. (In Progress).

    • Presentations

  • Raman, K. (2025). “TITLE OF PRESENTATION” Presented at the SPONSORING ORG CONFERENCE/MEETING NAME LOCATION (Link)
  • CICCHETTI, C., Raman, K., Garfield, M. J., Aljanaideh, A., Frydenberg, M. E. (2023). “FinTech and ChatGPT Hack-Fest 2023” Presented at the Lab for Economics, Accounting and Finance & CIS Sandbox Hackathon Bentley University
  • Nemani, A. K., Raman, K., Gupta, A. (2022). “Social capital and the credibility of repurchase announcements” Presented at the Finance Management Association Atlanta, Georgia
  • Hasan, I., Minnick, K. L., Raman, K. (2017). “Supply Chain Characteristics and Bank Lending Decisions” Presented at the Southern Finance Association Southern Finance Association Conference Key West, FL
  • Hasan, I., Minnick, K. L., Raman, K. (2017). “Supply Chain Characteristics and Bank Lending Decisions” Presented at the Financial Management Association Financial Management Association Conference Boston, MA
  • Shang, C., Minnick, K. L., Raman, K. (2017). “External Monitoring and Board Structure: Why do Major Customers Matter?” Presented at the Financial Management Association Annual Meeting Boston, MA
  • Burns, N., Raman, K., Minnick, K. L. (2016). “Supply chain relationships and management's earnings forecasts” Presented at the Southern Finance Asociation Conference Destin, FL
  • Shang, C., Gupta, A., Raman, K. (2016). “Social Capital and Corporate Innovation” Presented at the Financial Management Association Annual Meeting Las Vegas, NV
  • Gupta, A., Raman, K. (2015). “Social capital and the cost of equity” Presented at the Financial Management Association Annual conference of the Financial Management Association Orlando, Florida
  • Shang, C., Gupta, A., Raman, K. (2015). “Social Capital and Corporate Innovation” Presented at the 7th Boston Area Finance Symposium (BAFS) Boston
  • Shang, C., Gupta, A., Raman, K. (2015). “Social Capital and Corporate Innovation” Presented at the Bentley University Finance Seminar Waltham, MA
  • 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 UMass-Boston research seminar Boston
  • Gupta, A., Raman, K. (2014). “Social capital and the cost of equity” Presented at the Finance department, Bentley University Research seminar Waltham
  • Gupta, A., Raman, K. (2014). “Board diversity and CEO selection” Presented at the Financial Management Association 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 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 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 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 IIM Bangalore Research Seminar Series Bangalore, India
  • Minnick, K. L., Raman, K. (2011). “Why are stock splits disappearing?” Presented at the Bentley University 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 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) 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

    Service: Department

  • for Secondary evaluator for tenure track faculty 2014-12-01 - 2014-12-31
  • Committee Member for MSF Policy Review Committee 2014-09-01 - 2014-11-30
  • for Fall Open House 2014-09-01 - 2014-09-30
  • Committee Member for Research Committee 2014-01-01 - 2014-01-31
  • Committee Member for Recruiting committee 2013-09-01 - 2013-12-31
  • Coordinator for Research seminar series 2013-01-01 - 2013-12-31
  • for Primary evaluator for tenure track faculty member 2013-01-01 - 2013-04-30
  • Committee Member for Recruiting Committee 2012-10-01 - 2012-12-31
  • for Department Chair Review Coordinator 2012-09-01 - 2012-12-31
  • Committee Chair for Research Committee 2012-01-01 - 2012-12-31
  • for Research Seminar Coordinator 2012-01-01 - 2012-12-31
  • for Represented the department at open house 2011-01-01 - 2012-12-31

    • Service: Public

  • Committee Member for Investment Advisory Committee, Blue Hills Bank 2011-01-01 - 2013-12-31

    • Service: Professional

  • for External Reviewer for P&T at The University of St. Thomas 2013-06-01 - 2013-09-30
  • Conference/Workshop Organizer for Program Committee, 2012 FMA Conference 2012-01-01 - 2012-03-31
  • for External Reviewer for P&T at Oklahoma State University 2011-09-01 - 2011-12-31

    • Service: University

  • Department Chair for Department of Finance 2015-07-01 - Present