 |
 |
AJAY SUBRAMANIAN, PhD
Associate Professor of
Risk Management and Insurance
Director of the PhD Program
(404) 413-7483
insasu@langate.gsu.edu |
Ajay R. Subramanian is an associate professor of risk management and insurance in the Robinson College of Business at Georgia State University. His current research interests lie in mathematical finance, theoretical asset pricing and corporate finance, and applied probability. His work has appeared in widely-recognized journals in applied mathematics (SIAM Journal on Applied Mathematics), financial economics (Journal of Finance, Journal of Financial Economics), mathematical and quantitative finance (Mathematical Finance), accounting (Accounting Review), operations research (Naval Research Logistics), and theoretical physics (Nuclear Physics B, Particles and Fields).
Immediately after obtaining his PhD from Cornell University, Dr. Subramanian spent almost four years in industry as a quantitative research associate with the investment firm Susquehanna International Group in Bala Cynwyd, PA. He received a doctoral degree (PhD) in applied mathematics as well as a master of science (MS) degree in mathematics from Cornell University. He also received a master of arts (MA) degree in physics from the State University of New York at Stony Brook. As an undergraduate student at the Indian Institute of Technology in Bombay, he obtained a bachelor of technology degree in engineering physics.
| SELECTED PUBLICATIONS: |
|
|
|
Steele, James, Ajay Subramanian, and Ismail Zahed (1995). General Correlation Functions in the Schwinger Model at Zero and Finite Temperature, Nuclear Physics B: Particles and Fields 452, 545-562. |
|
|
| |
Jarrow, Robert and Ajay Subramanian (1997). Mopping up Liquidity, Risk, invited paper in the December 1997 special anniversary issue. |
|
|
| |
Resnick, Sidney and Ajay Subramanian (1998). Heavy-Tailed Hidden Semi-Markov Models, Communications in Statistics-Stochastic Models, 14, 2, 337-352.
>>DOWNLOAD PAPER |
|
|
| |
Subramanian, Ajay (2001). European Option Pricing with General Transaction Costs and Short-Selling Constraints, Communications in Statistics- Stochastic Models, 17, 2, 215-245.
>>DOWNLOAD PAPER |
|
|
| |
Subramanian, Ajay and Robert Jarrow (2001). The Liquidity Discount, Mathematical Finance, 11, 4, 447-474.
>>DOWNLOAD PAPER |
|
|
| |
Subramanian, Ajay (2004). Option Pricing on Stocks in Mergers and Acquisitions, Journal of Finance, 59, 2, 795-831.
>>DOWNLOAD PAPER |
|
|
| |
Jain, Ashish and Ajay Subramanian (2004). The Inter-Temporal Exercise and Valuation of Employee Options, Accounting Review, 79, 3, 705-743.
>>DOWNLOAD PAPER |
|
|
| |
Clarke, Jonathan and Ajay Subramanian (2006). Dynamic Forecasting Behavior by Analysts: Theory and Evidence, Journal of Financial Economics, 80, 1, 81-113.
>>DOWNLOAD PAPER |
| |
|
| |
Murthy, Nagesh, Milind Shrikhande and Ajay Subramanian (2007). Switching Costs, Dynamic Uncertainty and Buyer-Seller Relationships, Naval Research Logistics 54 (8), 859-873.
>>DOWNLOAD PAPER |
| |
|
| |
Subramanian, Ajay (2007). Optimal Liquidation by a Large Investors, SIAM Journal on Applied Mathematics 68 (4), 1168-1201.
>>DOWNLOAD PAPER |
|
|
| WORKING PAPERS: |
|
|
| |
Subramanian, Ajay (2007). Managerial Flexibility, Agency Costs and Optimal Capital Structure.
>>DOWNLOAD PAPER
Giat, Yahel, Steven T. Hackman and Ajay Subramanian (2008). Investment under Uncertainty, Heterogeneous Beliefs and Agency Conflicts?
>>DOWNLOAD PAPER
Hu, Ping, Jayant Kale, Marco Pagani, and Ajay Subramanian (2008). Fund Flows, Performance, Managerial Career Concerns, and Risk-Taking.
>>DOWNLOAD PAPER
Clarke, Jonathan and Ajay Subramanian (March 2008). Reputation Concerns and Effort Choices of Security Analysts: Theory and Evidence.
>>DOWNLOAD PAPER
Fu, Richard and Ajay Subramanian (2008). Leverage and Debt Maturity Choices by Insiders: Theory and Evidence.
>>DOWNLOAD PAPER
Fu, Richard, Ajay Subramanian and Anand Venkateswaran (March 2008). Risk, Uncertainty, Organizational Structure and Incentives.
>>DOWNLOAD PAPER
Sapra, Haresh, Ajay Subramanian and Krishnamurthy Subramanian (March 2008). Corporate Governance and Innovation: Theory and Evidence.
>>DOWNLOAD PAPER
Bhagat, Sanjai, Brian Bolton and Ajay Subramanian (2008). Manager Characteristics and Capital Structure: Theory and Evidence.
>>DOWNLOAD PAPER
Giat, Yahel, Steven T. Hackman and Ajay Subramanian (2008). Continuous-Time Contracting under Imperfect Information and Heterogeneous Beliefs.
>>DOWNLOAD PAPER
|
|
PO BOX 4036