Professor Ajay Khorana holds the Wachovia Professorship at the College of Management at Georgia Tech. His research and teaching interests include corporate finance and investments with a special focus on mutual funds and analyst behavior. He has published his research in leading academic journals including the Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Journal of Financial and Quantitative Analysis, Journal of Banking and Finance, Journal of Corporate Finance, Journal of Portfolio Management, and the Financial Analysts Journal. In addition, his research has been presented at various academic and practitioner conferences, including events held by the Securities and Exchange Commission and the Investment Company Institute, and cited in major media including The Wall Street Journal, The Chicago Tribune, and Smart Money. He has received many awards for both his research and teaching, including recognition in the BusinessWeek Guide to Best Business Schools.
Professor Khorana teaches in several executive programs at Georgia Tech. He has also served as a consultant to a number of corporations and has worked closely with Economic Consulting firms. Dr. Khorana received his Chartered Financial Analyst (CFA) qualification in 1999.
| Recent Publications |
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A. Khorana, H. Servaes, and L. Wedge, "Portfolio Manager Ownership and Fund Performance," Forthcoming in Journal of Financial Economics, 2007. |
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A. Khorana, P. Tufano, and L. Wedge, "Board Structure, Mergers and Shareholder Wealth: A Study of the Mutual Fund Industry," Forthcoming in Journal of Financial Economics, 2007. |
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J. Clarke, A. Khorana, A. Patel, and P. R. Rau, "The Impact of All-star Analyst Job Changes on their Coverage Choices and Investment Banking Deal Flow," Forthcoming in Journal of Financial Economics, 2007. |
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A. Khorana, H. Servaes, and P. Tufano, "Explaining the Size of the Mutual Fund Industry around the World," Journal of Financial Economics, Vol. 78, No. 1, 2005, 145-185. |
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M. Cooper, A. Khorana, I. Osobov, A. Patel, and P. R. Rau, "Managerial Actions in response to a Market Downturn: Valuation Effects of Name Changes in the dot.com Decline," Journal of Corporate Finance, Vol. 11, March 2005, 319-335. |
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N. Jayaraman, A. Khorana, and E. Nelling, "An Analysis of the Determinants and Shareholder Wealth Effects of Mutual Fund Mergers," Journal of Finance, Vol. LVII, No. 3, June 2002, 1521-1551. |
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A. Khorana, S. Wahal, and M. Zenner, "Agency Conflicts in Closed-End Funds: The Case of Rights Offerings," Journal of Financial and Quantitative Analysis, 2002, Vol. 37, No. 2, 177-200. |
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| Related Links |
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Access and view Dr. Khorana's recent publications and working papers |
Education
PhD, University of North Carolina at Chapel Hill
MBA, Wake Forest University
Chartered Financial Analyst (CFA) |
