JAGANNATHAN, Ravi - 访问教授 - 上海高级金融学院

博士学位：卡内基梅隆大学金融经济学，1983
硕士学位：卡内基梅隆大学金融经济学，1981
硕士学位：印度管理学院工商管理学，1972
学士学位：印度马德拉斯大学机械工程学，1970

Ravi Jagannathan教授现任上海交通大学上海高级金融学院杰出访问教授、西北大学凯洛格商学院金融学讲席教授。曾任明尼苏达大学卡尔森管理学院金融学教授、香港科技大学杰出访问教授。

Jagannathan教授的研究领域包括金融机构和市场、金融资产定价、投资组合绩效评估等。他在国际著名学术期刊如The Journal of Political Economy, Journal of Financial Economics, Journal of Finance和Review of Financial Studies等发表了多篇论文。他曾担任金融研究学会和美国金融中介研究学会主席，任多家顶级学术刊物的编委，曾任美国金融学会和西部金融学会的理事。

Jagnnathan教授还曾担任DSC量化投资集团有限责任公司的顾问，为多家世界财富500强的公司提供咨询服务。

Jagannathan教授拥有卡内基梅隆大学金融经济学硕士和博士学位。

金融资产定价、金融市场和机构、投资组合绩效评估。

期刊论文

1. Jagannathan, Ravi. 2022. On Frequent Batch Auctions for Stocks, Journal of Financial Econometrics.

2. Jagannathan, Ravi, Loriana Pelizzon, Ernst Schaumburg, Mila Getmansky Sherman, and Darya Yuferova. 2022. Recovery from fast crashes: Role of mutual funds, Journal of Financial Markets.

3. Jagannathan, Ravi, Tongshu Ma, and Jiaqi Zhang. 2019. A Note on "Risk Reduction in Large Portfolios: Why Imposing the Wrong Constraints Helps", Journal of Finance.

4. Jagannathan, Ravi, Binying Liu, and Jiaqi Zhang. 2019. Corrigendum for Dividend Dynamics, Learning, and Expected Stock Index Returns, Journal of Finance.

5. Jagannathan, Ravi, and Binying Liu. 2019. Dividend Dynamics, Learning, and Expected Stock Index Returns, Journal of Finance.

6. Jagannathan, Ravi, Ashwin Ravikumar, and Marco Sammon. 2018. ENVIRONMENTAL, SOCIAL, AND GOVERNANCE CRITERIA: WHY INVESTORS SHOULD CARE, Journal of Investment Management.

7. Jagannathan, Ravi, José Liberti, Binying Liu, and Iwan Meier. 2017. A Firm's Cost of Capital, Annual Review of Financial Economics.

8. Jagannathan, Ravi, David A. Matsa, Iwan Meier, and Vefa Tarhan. 2016. Why do firms use high discount rates?, Journal of Financial Economics.

9. Jagannathan, Ravi, and Srikant Marakani. 2015. Price-dividend ratio factor proxies for long-run risks, Review of Asset Pricing Studies.

10. Jagannathan, Ravi, Andrei Jirnyi, and Ann Guenther Sherman. 2015. Share auctions of initial public offerings: Global evidence, Journal of Financial Intermediation.

11. Sorensen, Morten, and Ravi Jagannathan. 2015. The Public Market Equivalent and Private Equity Performance, Financial Analysts Journal.

12. Jagannathan, Ravi, Mudit Kapoor, and Ernst Schaumburg. 2013. Causes of the great recession of 2007-2009: The financial crisis was the symptom not the disease!, Journal of Financial Intermediation.

13. Da, Zhi, Re Jin Guo, and Ravi Jagannathan. 2012. CAPM for estimating the cost of equity capital: Interpreting the empirical evidence, Journal of Financial Economics.

14. Jagannathan, Ravi, Srikant Marakani, Hitoshi Takehara, and Yong Wang. 2012. Calendar cycles, infrequent decisions, and the cross section of stock returns, Management Science.

15. Dor, Arik Ben, Ravi Jagannathan, Iwan Meier, and Zhe Xu. 2012. What drives the tracking error of hedge fund clones?, Journal of Alternative Investments.

16. Da, Zhi, Pengjie Gao, and Ravi Jagannathan. 2011. Impatient trading, liquidity provision, and stock selection by mutual funds, Review of Financial Studies.

17. Jagannathan, Ravi, Ernst Schaumburg, and Guofu Zhou. 2010. Cross-sectional asset pricing tests, Annual Review of Financial Economics.

18. Jagannathan, Ravi, Alexey Malakhov, and Dmitry Novikov. 2010. Do hot hands exist among hedge fund managers? An empirical evaluation, Journal of Finance.

19. Jagannathan, Ravi, and John H. Boyd. 2009. Avoiding the Next Crisis, Economists' Voice.

20. Basak, Gopal K., Ravi Jagannathan, and Tongshu Ma. 2009. Jackknife estimator for tracking error variance of optimal portfolios, Management Science.

21. Boyd, John H., Ravi Jagannathan, and Sungkyu Kwak. 2009. What Caused the Current Financial Mess and What Can We Do about It?, Journal of Investment Management.

22. Jagannathan, Ravi, and Yong Wang. 2007. Lazy investors, discretionary consumption, and the cross-section of stock returns, Journal of Finance.

23. Jagannathan, Ravi, and Ann E. Sherman. 2005. Reforming the Bookbuilding Process for IPOs, Journal of Applied Corporate Finance.

24. Boyd, John H., Jian Hu, and Ravi Jagannathan. 2005. The stock market's reaction to unemployment news: Why bad news Is usually good for stocks, Journal of Finance.

25. Jagannathan, Ravi, Andrew Kaplin, and Steve Sun. 2003. An evaluation of multi-factor CIR models using LIBOR, swap rates, and cap and swaption prices, Journal of Econometrics.

26. Jagannathan, Ravi, and Tongshu Ma. 2003. Risk Reduction in Large Portfolios: Why Imposing the Wrong Constraints Helps, Journal of Finance.

27. Basak, Gopal, Ravi Jagannathan, and Guoqiang Sun. 2002. A direct test for the mean variance efficiency of a portfolio, Journal of Economic Dynamics and Control.

28. Meier, Iwan, and Ravi Jagannathan. 2002. Do we need CAPM for capital budgeting?, Financial Management.

29. Jagannathan, Ravi, and Zhenyu Wang. 2002. Empirical evaluation of asset-pricing models: A comparison of the SDF and beta methods, Journal of Finance.

30. Jagannathan, Ravi, Georgios Skoulakis, and Zhenyu Wang. 2002. Generalized method of moments: Applications in finance, Journal of Business and Economic Statistics.

31. Jagannathan, Ravi, Ellen R. McGrattan, and Anna Scherbina. 2000. The Declining U.S. Equity Premium, Quarterly Review.

32. Jagannathan, Ravi, and Shaker B. Srinivasan. 1999. Does Product Market Competion Reduce Agency Costs?, North American Journal of Economics and Finance.

33. Saly, P. Jane, Ravi Jagannathan, and Steven J. Huddart. 1999. Valuing the reload features of executive stock options, Accounting Horizons.

34. Jagannathan, Ravi, Gopal K. Basak, and Guaqiang Sun. 1998. A Test of Mean-Variance Efficiency When Short Selling is Prohibited, SSRN Electronic Journal.

35. Jagannathan, Ravi, and ZY Wang. 1998. A note on the asymptotic covariance in Fama-MacBeth regression, Journal of Finance.

36. Jagannathan, Ravi, and Zhenyu Wang. 1998. An asymptotic theory for estimating beta-pricing models using cross-sectional regression, Journal of Finance.

37. Jagannathan, Ravi, Keiichi Kubota, and Hitoshi Takehara. 1998. Relationship between labor-income risk and average return: Empirical evidence from the Japanese stock market, Journal of Business.

38. Frank, Murray, and Ravi Jagannathan. 1998. Why do stock prices drop by less than the value of the dividend? Evidence from a country without taxes, Journal of Financial Economics.

39. Hansen, Lars Peter, and Ravi Jagannathan. 1997. Assessing specification errors in stochastic discount factor models, Journal of Finance.

40. Ferson, Wayne E., and Ravi Jagannathan. 1996. Econometric evaluation of asset pricing models, Handbook of Statistics.

41. Jagannathan, Ravi, and Zhenyu Wang. 1996. The conditional CAPM and the cross-section of expected returns, Journal of Finance.

42. Jagannathan, Ravi, and Narayana Kocherlakota. 1996. Why Should Older People Invest Less in Stocks Than Younger People?, Quarterly Review.

43. Jagannathan, Ravi, and Ellen R. McGrattan. 1995. The CAPM Debate, Quarterly Review.

44. Glosten, L. R., and R. Jagannathan. 1994. A contingent claim approach to performance evaluation, Journal of Empirical Finance.

45. GLOSTEN, LAWRENCE R., RAVI JAGANNATHAN, and DAVID E. RUNKLE. 1993. On the Relation between the Expected Value and the Volatility of the Nominal Excess Return on Stocks, Journal of Finance.

46. Hansen, LP, and Ravi Jagannathan. 1991. Implications of Security Market Data for Models of Dynamic Economies, Journal of Political Economy.

47. Hayashi, Fumio, and Ravi Jagannathan. 1990. Ex-day behavior of japanese stock prices: New insights from new methodology, Journal of the Japanese and International Economies.

48. Chari, V. V., Ravi Jagannathan, and Larry Jones. 1990. Price stability and futures trading in commodities, Quarterly Journal of Economics.

49. Chari, V. V., and Ravi Jagannathan. 1990. The Simple Analytics of Commodity Futures Markets: Do They Stabilize Prices? Do They Raise Welfare?, Quarterly Review.

50. CHARI, V. V., and RAVI JAGANNATHAN. 1989. Adverse Selection in a Model of Real Estate Lending, Journal of Finance.

51. JAGANNATHAN, RAVI, and THOMAS R. PALFREY. 1989. EFFECTS OF INSIDER TRADING DISCLOSURES ON SPECULATIVE ACTIVITY AND FUTURE PRICES, Economic Inquiry.

52. BREEN, WILLIAM, LAWRENCE R. GLOSTEN, and RAVI JAGANNATHAN. 1989. Economic Significance of Predictable Variations in Stock Index Returns, Journal of Finance.

53. CHARI, V. V., and RAVI JAGANNATHAN. 1988. Banking Panics, Information, and Rational Expectations Equilibrium, Journal of Finance.

54. Chari, V. V., Ravi Jagannathan, and Aharon R. Ofer. 1988. Seasonalities in security returns. The case of earnings announcements, Journal of Financial Economics.

55. Jagannathan, Ravi, and Robert A. Korajczyk. 1986. Assessing the Market Timing Performance of Managed Portfolios, Journal of Business.

56. Breen, W, Ravi Jagannathan, and AR Ofer. 1986. Correcting for Heteroscedasticity in Tests for Market Timing Ability, Journal of Business.

57. JAGANNATHAN, RAVI. 1985. An Investigation of Commodity Futures Prices Using the Consumption‐Based Intertemporal Capital Asset Pricing Model, Journal of Finance.

58. Jagannathan, Ravi. 1984. Call options and the risk of underlying securities, Journal of Financial Economics.
工作论文

1. Jagannathan, Ravi, Shumiao Ouyang, and Jiaheng Yu, 2020, Life Cycle Cash Flows of Ventures.
2. Jagannathan, Ravi, and Kai Wan, 2020, Price Destabilizing Speculation: The Role of Strategic Limit Orders.
3. Kent Daniel, Ravi Jagannathan, Soohun Kim, 2019, A Hidden Markov Model of Momentum.
4. Zhang, Yang, and Ravi Jagannathan, 2019, A return-based measure of firm quality.
5. Jagannathan, Ravi, Chun Chang, and Guoxiong Zhang, 2019, Access to Public Capital.
6. Jagannathan, Ravi, Loriana Pelizzon, Ernst Schaumburg, Mila Getmansky Sherman, Darya Yuferova, 2019, Liquidity Provision: Normal Times versus Crashes.
7. Da, Zhi, Ravi Jagannathan, and Jianfeng Shen, 2014, Growth Expectations, Dividend Yields, and Future Stock Returns.
8. Ben Chabot, Eric Ghysels, and Ravi Jagannathan, 2014, Momentum Trading, Return Chasing, and Predictable Crashes.
9. Da, Zhi, Ravi Jagannathan, and Jianfeng Shen, 2013, Investor Optimism, Sales Fixation, and Firm Life Cycle.
10. Chabot, Benjamin, Eric Ghysels, and Ravi Jagannathan, 2009, Momentum Cycles and Limits to Arbitrage: Evidence from the Stock Exchanges of Victorian England and the Post-Depression United States.