Marti Subrahmanyam

Marti G. Subrahmanyam is a Global Network Professor of Finance and Economics at NYU Shanghai.  He is also the Charles E. Merrill Professor of Finance, Economics and International Business in the Stern School of Business at New York University. He holds a Bachelor’s degree in mechanical engineering from the Indian Institute of Technology, Madras, a Post-Graduate Diploma in business administration from the Indian Institute of Management, Ahmedabad, and a Doctorate in finance and economics from the Massachusetts Institute of Technology.

Professor Subrahmanyam’s current research interests are in asset pricing with particular reference to options and futures markets and credit markets, and market microstructure. His books include Financial Options: From Theory to Practice and Credit Default Swaps.

Professor Subrahmanyam has won numerous research awards including the Anneliese Maier Research Award in 2016, and several teaching awards including New York University's Distinguished Teaching Medal in 2003.

For more information on Professor. Subrahmanyam, please visit http://www.stern.nyu.edu/~msubrahm. Professor Subrahmanyam is also a faculty member at Center for Business Education and Research. For more information about the center, please visit https://research.shanghai.nyu.edu/cber.
 

Select Publications

• “Informed Options Trading before Corporate Announcements,” (with P. Augustin), Annual Review of Financial Economics, 2020.
• "Are Corporate Spin-offs Prone to Insider Trading?”(with P. Augustin, M. Brenner and J. Hu), Critical Finance Review, September 2020.
• "Coronavirus and Financial Stability 3.0: Try Equity – Risk Sharing for Companies, Large and Small," (with A. Boot, E. Carletti, H-H. Kotz, J-P. Krahnen, and L. Pelizzon) in Europe in the Time of Covid-19, A. Bénassy-Quéré and B. Weder di Mauro (eds.), A VoxEU.org Book, CEPR Press, May 2020.
• "Corona and Financial Stability 4.0: Implementing a European Pandemic Equity Fund," (with A. Boot, E. Carletti, H-H. Kotz, J-P. Krahnen, and L. Pelizzon) in Europe in the Time of Covid-19, A. Bénassy-Quéré and B. Weder di Mauro (eds.), A VoxEU.org Book, CEPR Press, May 2020.
• "The COVID-19 Shock and Equity Shortfall: Firm-level Evidence from Italy," (with E. Carletti, T. Oliviero, M. Pagano, and L. Pelizzon), Review of Corporate Finance Studies, November 2020.
• "Security Design with Status Concerns," (with S. Basak, D. Makarov, and A. Shapiro), Journal of Economic Dynamics and Control, forthcoming.

• "In Sickness and in Debt: The COVID-19 Impact on Sovereign Credit Risk," (with P. Augustin, V. Sokolovski, and D. Tomio), Journal of Financial Economics, forthcoming.

• "Credit Default Swaps around the World: Investment and Financing Effects," (with S.M. Bartram, J.Conrad and J. Lee), Review of Financial Studies, forthcoming.

• "Attention Triggers and Investors’ Risk-Taking,” (with M. Arnold and M. Pelster), Journal of Financial Economics, forthcoming.

• "The New Rules of the Rating Game: Market Perception of Corporate Ratings," (with R. Jankowitsch and G. Ottonello), Review of Corporate Finance Studies, forthcoming.

• "Clientele Effect in Sovereign Bonds: Evidence from Malaysia," (with M. Chen, J. Cherian, Z.Li , and Y. Shao), Critical Finance Review, forthcoming.

Education

• PhD, Finance and Economics
  Massachusetts Institute of Technology