Professor of Finance Bhagwan Chowdhry began his teaching career at UCLA Anderson in 1988. Here he found “an opportunity to work with and learn from outstanding faculty colleagues and an ability to work with students on projects that will make a difference in the world.” During his tenure he has also been a visiting professor and lecturer at a variety of institutions, including the University of Chicago, University of Illinois at Chicago, the Hong Kong University of Science and Technology, and the Indian School of Business. He is a current visiting scholar at the Stellar Development Foundation.
His research interests are in international finance and corporate finance and strategy, topics on which he has published several papers in economic and finance journals. He has served on the editorial boards of a number of finance and economic journals, including Journal of Finance, Review of Financial Studies, American Economic Review and Journal of Political Economy, and has organized and taught executive education programs on financial derivatives, corporate risk management and valuation in Los Angeles, Singapore, Hong Kong, Mumbai and Hyderabad.
Microfinance, financial technology and impact investing are his recent teaching, research and applied interests. He has supervised several MBA student projects in microfinance and FinTech in the last several years and has taught undergraduate seminar classes and an MBA elective on the subjects. “One of my greatest joys comes from working with smart people who strive to make this world a better place, especially for people with limited resources and opportunities. I am constantly thinking about, doing research on and getting involved in projects that will make a difference in the world.”
That commitment may be best illustrated with his proposed Financial Access at Birth (FAB) initiative in which every child born in the world is given an initial deposit of $100 in an online bank account, guaranteeing that everyone in the world will have access to financial services in a few decades.
Professor Chowdhry is a frequent contributor to the Huffington Post and is the co-founder (with Professor Ivo Welch) and executive editor of a new publication, Finance & Accounting Memos (FAMe), that makes academic research more accessible for MBA and Ph.D. students, journalists, policy makers and other academics.
- MBA (Economics), Graduate School of Business, The University of Chicago
- Ph D , Graduate School of Business, The University of Chicago
- MBA (Finance), The University of Iowa
- B.Tech (Mechanical Engineering), Indian Institute of Technology
Chowdhry, Bhagwan.,Davies, Shaun.,Waters, Brian. (2019) "Investing for Impact", The Review of Financial Studies
, 32 (3), 864-904
Chowdhry, Bhagwan.,Bruce Carlin.,Mark Garmaise. (2012) "Investment in Organization Capital", Journal of Financial Intermediation
Chowdhry, Bhagwan.,Tony Bernardo.,Amit Goyal. (2012) "Assessing Project Risk", Journal of Applied Corporate Finance
Chowdhry, Bhagwan. (2011) "Possibility of dying as a unified explanation of (i) why we discount the future, (ii) get weaker with age, and (iii) display risk-aversion", Economic Inquiry
Bubna, Amit.,Chowdhry, Bhagwan. (2010) "Franchising Microfinance", Review of Finance
, 14 (3), 451-476
Chowdhry, Bhagwan.,Tony Bernardo.,Amit Goyal. (2007) "Growth Options, Beta, and the Cost of Capital", Financial Management
, 36, 5-17
Yihong Xia.,Chowdhry, Bhagwan.,Richard Roll. (2005) "Extracting Inflation from Stock Returns to Test Purchasing Power Parity", American Economic Review
, 95, 255-276
Chowdhry, Bhagwan. (2003) "Some Evidence that a Tobin Tax on Foreign Exchange Transactions may Increase Volatility", European Finance Review
, 7, 481-510
Chowdhry, Bhagwan. (2002) "Information Aggregation, Security Design and Currency Swaps", Journal of Political Economy
, 110, 609-633
Chowdhry, Bhagwan. (2002) "Resources, Real Options and Corporate Strategy", Journal of Financial Economics
, 63, 211-234
Chowdhry, Bhagwan.,Choi J.J.,Michael Powers. (2002) "Financial versus Operational Hedging", International Finance Review
Chowdhry, Bhagwan. (2001) "Why Real Interest Rates, Cost of Capital and Price/Earnings Ratios Vary across Countries", Journal of International Money and finance
, 20, 165-189
Chowdhry, Bhagwan.,Goyal, Amit.,Ahmed, Syed. "Digital Identity in India", Palgrave-MacMillan
, The Handbook of Technological Finance
Chowdhry, Bhagwan.,Kim, Seoyoung. "A Layman’s Guide to Bitcoin & Blockchain", Palgrave/MacMillan
, The Handbook of Technological Finance
Allen, Franklin.,Chakraborty, Archishman.,Chowdhry, Bhagwan. "Rigged Economies"
Chowdhry, Bhagwan.,David Cassell.,James B.Gamett.,Gary J.Milkwick.,Chad D. Nielsen.,Jon D. Sederstrom. "Pricing Microfinance Loans and Loan Guarantees using Biased Loan Write-off Data"
Chowdhry, Bhagwan. "Financing Land Acquisition for Infrastructure Projects"
Chowdhry, Bhagwan. "Hedging Corporate Cash Flow Risk"