Faculty

Overview

Professor Ramabhadran S Thirumalai, Associate Professor of Finance (Practice) at the ISB is currently working on the impact of various regulatory changes on security market pricing, efficiency and liquidity. His research interests also include the trading behaviour of various types of market participants. He teaches courses on Derivatives, Security Markets and Fixed Income Securities in PGP as well as introductory finance courses in several programmes at the ISB.

Education

• Ph D (Finance), Indiana University 2004
• MS (Statistics), University of South Carolina 1996
• BE(Honours) (Chemical Engineering), Birla Institute of Technology and Science 1993

Research

Published Papers

Jain, Ankit.,Tantri, Prasanna.,Thirumalai, Ramabhadran. (2019) "Demand Curves For Stocks Do Not Slope Downwards: Evidence Using an Exogenous Supply Shock", Journal of Banking and Finance , 104, 19-30 Murphy, Dermot.,Thirumalai, Ramabhadran. (2017) "Short-Term Return Predictability and Repetitive Institutional Net Order Activity", Journal of Financial Research , 40 (4), 455-477 Smart, Scott.,Thirumalai, Ramabhadran.,Zutter, Chad. (2008) "What’s in a Vote? The Short- and Long-Run Impact of Dual-Class Equity on IPO Firm Values", Journal of Accounting and Economics , 45 (1), 94-115 Shastri, Kuldeep.,Thirumalai, Ramabhadran.,Zutter, Chad. (2008) "Information Revelation in the Futures Market: Evidence from Single Stock Futures", Journal of Futures Markets , 28 (4), 335-353 Thirumalai, Ramabhadran.,Padgett, W.,Weathers, P. (1997) "Two Cumulative Damage Models for Strength of Composite Materials", Journal of Applied Statistical Science , 6 (2/3), 87-104

Cases

Bang, Nupur.,Sakaldeepi, Khemchand.,Thirumalai, Ramabhadran. (2016) "The Bombay Stock Exchange: Liquidity Enhancement Incentive Programmes", Ivey Publishing , 16

Other

Sonti, Ramana.,Nupur Pavan Bang.,Thirumalai, Ramabhadran. "Share pledges and Market reactions,”Risk Intelligence, Global Association of Risk Professionals (GARP)",

Working Papers

Murphy, Dermot.,Thirumalai, Ramabhadran. "Retail Clientele and Dividend Policy" Jain, Pankaj.,Thirumalai, Ramabhadran. "Trading Friction Variations among Security Market Participants" Agrawal, Deepak.,Subramanyam, K.R.,Tantri, Prasanna.,Thirumalai, Ramabhadran. "Do Derivatives Matter?: Evidence From A Policy Experiment" Kumar, K.,Thirumalai, Ramabhadran.,Yadav, Pradeep. "Hiding Behind the Veil: Informed Traders and Pre-Trade Opacity" Bang, Nupur.,Sonti, Ramana.,Thirumalai, Ramabhadran. "Market reaction to share pledges: Evidence from India" Agrawal, Deepak.,Subramanyam, K.R.,Tantri, Prasanna.,Thirumalai, Ramabhadran. "Impact of Securities Transactions Tax on Stock Markets and Market Participants: Evidence From India"