Hemang A. Desai Ph.D.

Curriculum Vitae

Education
Ph.D., 1997, Freeman School of Business, Tulane University, New Orleans, LA.
MBA, 1990, University of New Orleans, New Orleans, LA.
B.Sc., 1986, (Chemistry/Life Sciences), St. Xavier’s College, Bombay, India.

Areas of Expertise
Mergers and Acquisitions
Corporate Governance
Corporate Restructuring
Spin-offs and Equity Carve-outs
Financial Reporting

Courses Taught

Undergraduate
Introduction to Finance
Introduction to Financial Accounting
Intermediate Financial Accounting II
Advanced Financial Accounting  

Graduate
Advanced Financial Accounting
Mergers and Acquisitions
Executive Education: Various in-house and Custom programs in Financial Reporting

Publications

·         Do short sellers target firms with poor earnings quality?: Evidence from earnings restatements,with Srini Krishnamurthy and Kumar Venkataraman, Reveiw of Accounting Studies, March 2006.

·         Reputational penalities for aggressive accounting: Management turnover and earnings restatements, with Chris Hogan and Mike Wilkins, The Accounting Reveiw, January 2006.

·         Value-Glamour and Accrual-based Market Anomalies: One Anomaly or Two? with Shiva Rajgopal and Mohan Venkatachalam, The Accounting Review, April 2004.

·         Long-run Stock Returns Following Financial Analysis by Abraham Briloff, with Prem C. Jain, Financial Analysts Journal, March/April 2004.

·         An Investigation of the Informational Role of Short Interest on the Nasdaq Market, with K. Ramesh, Ramu Thiagarajan and Bala Balachandran,  Journal of Finance, October 2002.

·         Do All Stars Shine? An Evaluation of Analysts' Recommendations, with Bing Liang and Ajai Singh, Financial Analyst Journal, May/June 2000.

·         Firm Performance and Focus: Long-run Stock Market Performance Following Spinoffs, with Prem C. Jain, Journal of Financial Economics, October 1999.

·         Long-run Common Stock Returns Following Stock Splits and Reverse Splits, with Prem C. Jain, Journal of Business, July 1997.

·         An Analysis of the Recommendations of the “Superstar” Money Managers at the Barron’s Annual Roundtable, with Prem C. Jain, Journal of Finance, September 1995.

Working Papers

• On distinguishing between valuation and arbitrage motivated short selling, with Srini Krishnamurthy and Kumar Venkataraman, October 2006.
• Are Mutual Fund short sales informative? with Honghui Chen and Srini Krishnamurthy, November 2006.

Grants, Honors & Awards

• Golden Mustang Outstanding Faculty Award, 2002. SMU.
• Research Excellence Award, SMU, 2002.
• Distinguished MBA Teaching Award, SMU, 2001.
• Recognition for Outstanding Teaching in the BBA Program, SMU,1999 and 2000.
• MBA Teaching Honor Roll, Tulane University, 1998.
• Nominated to the Doctoral Consortium of the American Accounting Association, 1995.
• Who's Who in American Colleges and Universities, 1990.
• Omicron Delta Kappa, National Leadership Honor Society, 1989.