Faculty Guide

Title

Assistant Professor of Finance in the Brandeis International Business School

International Business School

Expertise

Corporate Finance, Entrepreneurial Finance, Financial Intermediation.
Specific interests in IPOs, Venture Capital, Angel financing, Firm Productivity, Syndicated Loans, Hedge Funds.

Profile

My research interests are in the fields of corporate finance and financial intermediation with special interests in the going public decision of firms, IPOs, venture capital financing, angel financing, and security issuance. Many of my research projects utilize establishment level business micro-data of the U.S. Census Bureau in analyzing issues that relate to value creation in firms while they are still private and also on the growth of entrepreneurship and new business creation. With regard to financial intermediation, my interests include issues related to loan syndication and contracting and agency problems in banking.

Awards and Honors

Fama/DFA Prize for Capital Markets and Asset Pricing, second place for the best paper published in the Journal of Financial Economics in 2011. (2012)

National Science Foundation (NSF), SES grant number-1156246, for $315,046 titled, “Market Access and Border Entrepreneurship” (2012)

Outstanding Financial Institutions Paper, Eastern Finance Association (EFA) (2010)

Social Sciences and Humanities Research Council of Canada (SSHRC), Standard Research Grant for $75,500.00. PI on Evolution and Success of Entrepreneurial Activity: Evidence from Micro-Data (2010)

Social Sciences and Humanities Research Council of Canada (SSHRC), Special Business Research Grant for $155,000.00. Co-PI with Nadia Massoud on Hedge Funds Syndicated Lending and Short Selling: Their Impact on Corporate Survival Rates (2008)

Social Sciences and Humanities Research Council of Canada (SSHRC), Standard Research Grant for $62,000.00. Co-PI with Yisong Tian on Corporate Governance, Managerial Equity Incentives and Firm Productivity (2007)

Social Sciences and Humanities Research Council of Canada (SSHRC), Standard Research Grant for $90,192.00. PI on Effect of new Equity Issues and Corporate Restructuring on Product Market Performance (2005)

Donald J. White Teaching Excellence Award for Best Teaching Fellow, Boston College (2002)

Best Paper in Financial Institutions, Financial Management Association (FMA) for The Determinants of Contract Terms in Bank Revolving Credit Agreements (1998)

Courses Taught

BUS	71a	Introduction to Finance
FIN	202a	International Corporate Finance
FIN	240a	Venture Capital and Entrepreneurial Finance
FIN	248f	Advanced Corporate Finance

Scholarship

Nandy, Debarshi K, Gordon Roberts, Li Hao. "How Bank Regulation and Lender Location Influence Loan Pricing." Journal of Financial and Quantitative Analysis Vol. 6, December 2012. 47 (2012): 1247 - 1278.

Nandy, Debarshi K, Nadia Massoud, Keke Song, Anthony Saunders. "Do Hedge Funds trade on Private Information? Evidence from Syndicated Lending and Short-selling." Journal of Financial Economics 99. 3 (2011): 477 - 499.

Nandy, Debarshi K, Thomas Chemmanur, Karthik Krishnan. "How does Venture Capital Financing Improve Efficiency of Private Firms? A Look beneath the Surface." Review of Financial Studies 24. 12 (2011): 4037 - 4090.

Nandy, Debarshi K, Thomas Chemmanur, Karthik Krishnan. "How do Venture Capitalists Create Value for Entrepreneurial Firms? A Review of the Literature." Companion to Venture Capital. Ed. Douglas J. Cumming. Wiley, 2010. Chapter 13.

Nandy, Debarshi K, Thomas Chemmanur, Shan He. "The Going Public Decision and the Product Market." Review of Financial Studies 23. 5 (2010): 1855 - 1908.

Nandy, Debarshi K. "Why do Firms Denominate Bank Loans in Foreign Currencies? Evidence from Canada and U.K.." Journal of Economics and Business 62. 6 (2010): 577 - 603.

Nandy, Debarshi K, Pei Shao. Summary of: Institutional investment in Syndicated Loans. Proc. of the Annual Conference on Bank Structure and Competition. Chicago, Illinois: Federal Reserve Bank of Chicago, 2008.

Nandy, Debarshi K. How Bank Regulation, Supervision and Lender Identity Impact Loan Pricing: A Summary. Proc. of the Annual Conference on Bank Structure and Competition. Chicago, Illinois: Federal Reserve Bank of Chicago, 2007.

Nandy, Debarshi K, Steven Dennis, Ian Sharpe. "The Determinants of Contract Terms in Bank Revolving Credit Agreements." Journal of Financial and Quantitative Analysis 35. 1 (2000).