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PRADEEP K. YADAV

W .Ross Johnston Chair in Finance and Professor of Finance and Director Division of Finance

PRADEEP K. YADAV

Professor Yadav also serves as the Chairman of the European Finance Association, elected initially for the three-year term 2011-1013, and then reelected for a second three-year term 2014-1016. He also serves on the Advisory Board of the Review of Finance. He has earlier served as Vice-President (2003) and as President (2004) of the European Finance Association; as a member of the CAF Board of Advisors of the Indian School of Business in Hyderabad in India (2005-2012); an Academic Fellow of the Institute of Chartered Accountants of England and Wales; as a CFR Research Fellow at the University of Cologne in Germany; and as a non-executive Director on the Board of Directors of about twenty companies. Professor Yadav has also served as an “expert” in several legal cases, and done several consulting assignments for financial firms and institutions.

 

Professor Yadav's research and consulting interests are in market microstructure; options; futures; risk management; agency costs; corporate governance; and mergers and acquisitions. His Ph.D. dissertation was on stock index futures. He has published extensively in leading finance journals, including in the Journal of Finance, and the Journal of Financial Economics. He was awarded a New York Stock Exchange Prize for the best research paper on Market Microstructure in 2003; the year 2000 Robert J. Schwartz Memorial Prize of the Fisher Black Memorial Foundation and the International Association of Financial Engineers for the most original research paper on derivatives; a Chicago Board of Trade Prize for the best research paper on Futures in 1993; and the UK Q-Group Best Paper Prize for 1989. He has also received several grants, including grants from the UK Economic and Social Research Council, Scottish Higher Education Funding Council, Center for the Study of Futures Markets at Columbia University, and the UK Q-Group (INQUIRE). Professor Yadav has also Chaired or Co-Chaired more than a dozen research-focused international conferences in finance.

 

Just before coming to the University of Oklahoma, Professor Yadav was Professor of Finance at Lancaster University in England; Visiting Professor at the Stern School in New York University; and Visiting Professor at the Anderson School in the University of California in Los Angeles (UCLA). Before joining academia, he worked in the Indian Administrative Service in senior public sector management positions for about ten years, serving over seven years as the CEO/Managing Director/Deputy Managing Director in public sector corporations and other government organizations.

Research Interests/Areas

  • Market Microstructure
  • Risk Management
  • Options: Early Exercise Premium in American Option Pricing, Implied Risk Neutral Distributions
  • Futures: Index futures pricing
  • Ownership Structure and Corporate Governance
  • Mergers and Acquisitions

Selected Publications and Working papersPDF file

View All PublicationsPDF file

Contact:

Tel: 405-325-6640

Fax: 405-325-2096

pyadav@ou.edu

Curriculum Vitae

Selected Recent Publications

1. “Short-Selling, Fails to Deliver and Market Quality” by V. Fotak, V. Raman, and Pradeep K. Yadav.

· Presented at the American Finance Association Annual Conference.

· Presented at the Western Finance Association Annual Conference.

 

2. “Does the Early Exercise Premium Contain Information about Future Underlying Returns?” by R. Valkanov, Pradeep K. Yadav and Y. Zhang).

· Presented at the European Finance Association Annual Conference

· Presented at the American Finance Association Annual Conference

 

3. “Corporate Governance and Takeover Resistance” by N. Carline, S. C. Linn and Pradeep K. Yadav. Presented at the American Finance Association Annual Conference.

 

4. “The Who, Why, and How Well of Order Revisions:  An Analysis of Limit Order Trading” by Vikas Raman and Pradeep Yadav. Presented at the European Finance Association Annual Conference.

 

5. "Hiding Behind the Veil: Informed Traders and Pre-Trade Opacity" by K. Kumar, R. Thirumalai and Pradeep K. Yadav. Presented at the European Finance Association Annual Conference.

 

6. “Resiliency, a Dynamic View of Liquidity: Empirical Evidence from a Limit Order Book Market” by D. Mayston, A. Kempf and Pradeep K. Yadav.

· Presented at the European Finance Association Annual Conference.

· Presented at the American Finance Association Annual Conference.

 

7. “Informed Trading, Information Asymmetry, and Pricing of Information Risk: Empirical Evidence from the NYSE” by F. Bardong, S.M. Bartram and Pradeep K. Yadav.

· Presented at the European Finance Association Annual Conference.

· Presented at the Western Finance Association Annual Conference.

 

8. “How are Short-Sales Different from Regular Trades?" by F. Bardong, S.M. Bartram and Pradeep K. Yadav. Presented at the European Finance Association Annual Conference.

 

9. “The Effect of Corporate Break-ups on Information Asymmetry: A Market Microstructure Analysis” by F. Bardong, S.M. Bartram and Pradeep K. Yadav. Presented at the European Finance Association Annual Conference.

 

10. “Ownership Structure, Management Control and Agency Costs” by S. Gogineni, S. C. Linn and Pradeep K. Yadav. Presented at the Financial Management Association Annual Conference.

 

 

11. “Determinants of Cash Holdings by Private and Public Companies” by S. Gogineni, S. C. Linn and Pradeep K. Yadav. Presented at the Financial Management Association European Annual Conference.

 

12. “Government Ownership, Informed Trading and Private Information” by G. Borisova and Pradeep K. Yadav. Presented at the Financial Management Association Annual Conference.

 

13. “Executive Compensation in India” by Rajesh Chakrabarti, Krishnamurthy Subramanian, Pradeep Yadav, and Yesha Yadav; Chapter 21, 435-465, Research Handbook on Executive Pay edited by Randall S. Thomas and Jennifer G. Hill, 2012, Edward Elgar Publishing, ISBN 9781849803960.

 

14. “The information content of implied volatilities and model-free volatility expectations: Evidence from options written on individual stocks” by S.J. Taylor, P.K. Yadav and Y.Y. Zhang. Journal of Banking and Finance, Volume 34, Issue 4, April 2010, pp 871-881.

 

15. “The Cross-Section of Implied Risk Neutral Skewness” by S.J. Taylor, P.K. Yadav and Y.Y. Zhang. Journal of Derivatives, Volume 16, Summer 2009, pp 1-15.

 

16. “Governance Structures and Real Gains in Corporate Mergers and Acquisitions” by N. Carline, S.C. Linn and P.K. Yadav. Journal of Banking and Finance, Volume 33, Issue 10, October 2009, pp 1829-41.

 

17. “Corporate Governance in India” by R. Chakrabarti, W. Megginson and P.K. Yadav, Journal of Applied Corporate Finance, Winter 2008.

 

18. “Strategic Trading Behavior and Price Distortion in a Manipulated Market: Anatomy of a Squeeze” by J. Merrick, N.Y. Naik and P.K. Yadav,  Journal of Financial Economics, Volume 77, Issue 1, July 2005, pp 171-218.

 

19. “Risk Management with Derivatives by Dealers and Market Quality in Government Bond Markets” by N.Y. Naik and P.K. Yadav - Journal of Finance, Volume 58, Issue 5, October 2003, pp 1873-1904.

 

20. “Do Dealers Manage Inventory on a Stock-by-Stock or a Portfolio Basis?” by N.Y. Naik and P.K. Yadav - Journal of Financial Economics, Volume 69, Issue 2, August 2003, pp 325-353.