Finance

Coordinator of finance concentration: Murali Jagannathan

Typical Schedule for Finance PhD Students

Prior to arrival, incoming finance Ph.D. students receive a syllabus to read on (a) MBA level finance topics: corporate finance, derivatives, investments, and fixed income, and (b) Introduction to research methods. A "Background Qualifying Exam" based on this material is administered as part of Fin 600 – Theory of Finance course.

Year 1

First Semester: Theory of Finance (Fin 600), Capital Market Seminar (Fin 581a), Microeconomics (500), Econometric methods Second Semester: Corporate Finance I (Fin 610), Microeconomic Theory I, Economic Statistics, Pedagogy Research: Replicate a published empirical paper in Fin 581a

Exam: Background Qualifying Exam

Year 2

First Semester: Topics in Investments (Fin 630), Microeconomic Theory II (612), Econometrics (616) Second Semester: Corporate Finance II, Applied Econometrics (617), Elective Research: Second Year Paper

Exams: Microeconomics field exam, finance qualifying exam

Year 3

Research, dissertation proposal

Year 4

Dissertation

Notes

1. At the present time, SOM provides funding support for a maximum of four years, subject to making satisfactory progress. This funding support requires recipients to work as a teaching/research assistant or teach courses, for 20 hours every week. SOM policy does not permit funding recipients to take on any other work (paid or otherwise), unless approved by the finance PhD coordinator, the SOM PhD program director, and the SOM Dean. This includes fall, spring, and summer of every year. Failure to abide by these rules may result in dismissal from the PhD program. Additional SOM and Binghamton University Graduate School guidelines may apply.

2. Satisfactory completion of the items in bold letters within the time frame is required for a student to be considered making satisfactory progress and hence is required for continuation in the program.

3. Background Qualifying Exam: Students have two chances to take the exam and get a passing grade by the end of first summer.

4. First Year Paper: Present to faculty by the end of first summer. The paper should have original work and not merely replicate prior work.

5. Micro Economics field exam: Administered by the Economics Department 6. Finance Qualifying Exam: Includes both a written test and the Second Year Paper. The exam will be administered at the end of the second year. Students have a second chances to take the exam and get a passing grade (independently pass both the written test and the Second Year Paper) by the fall semester of the third year.

7. Second Year Paper: Present a completed paper to faculty. This paper is part of the finance comprehensive exam and must be "journal ready" (i.e, be of a quality that can be submitted to a journal).

Finance Faculty

UPINDER DHILLON, Ph.D., Louisiana State University
Research interests: Corporate finance, investments, real estate finance

MURALI JAGANNATHAN, Ph.D., Virginia Tech
Research interests: Corporate finance

DENNIS LASSER, Ph.D., Indiana University
Research interests: Derivative assets, market microstructure, pricing, efficiency

TONGSHU MA, Ph.D., University of Minnesota
Research interests: Portfolio theory, market microstructure, empirical finance

KRISTIAN RYDQVIST, Ph.D., Stockholm School of Economics
Research interests: Financial history, multi-unit auctions, taxation

CIHAN UZMANOGLU, Ph.D., Louisiana State University
Research interests: financial distress, credit risk, financial markets and institutions, fixed-income securities