Ajai Singh, Ph.D.

SunTrust Eminent Scholar Chair of Banking;
Professor & Chair, Department of Finance
& Director, Dr. P. Phillips School of Real Estate

Ajai Singh, Ph.D.

Biography

Professor Singh was the Bolton-Perella Endowed Professor of Finance at Lehigh University from 2011-2015 before moving to UCF this summer. Prior to his move to Lehigh in 2011, he was a Professor of Finance at the Weatherhead School of Management, Case Western Reserve University.

Professor Singh was in charge of the Undergraduate Program in Finance at the Weatherhead School from 1998 until 2011 and is singularly proud of the fact that it was ranked #1 in the U.S. by Bloomberg BusinessWeek for 2010 & 2012.

He has received several teaching awards, the most recent of which was the “Undergraduate Teaching Excellence Award” given to him by the Undergraduate Student Government at Case Western Reserve University for being the Outstanding Faculty Member in the Weatherhead School of Management for 2010-2011.

Professor Singh has several publications in top-tier academic journals in Finance including the Journal of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Journal of Corporate Finance, Journal of Financial Intermediation, Journal of Financial Markets, Financial Management, Journal of Banking & Finance, Journal of Risk & Insurance and Financial Analysts Journal. He has over 500 citations of his research papers.

He served with the State Bank of India, India’s largest commercial bank in their Investment Banking group. His research interests have been informed by his past experience. Among other topics, his research work has been at the intersection of investment banking and corporate finance and seeks to understand whether the market’s response to capital acquisition events, in both international and domestic settings, is consistent with rational or behavioral models.

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In the News

Research and Publications

  • Stock Returns Before and After Calls of Convertible Bonds
    Cowan, Arnold, Nandkumar Nayar, and Ajai K. Singh: Journal of Financial and Quantitative Analysis 25 (1990), 549-554.
  • Underwritten Calls of Convertible Bonds
    Singh, Ajai K., Arnold Cowan, and Nandkumar Nayar: Journal of Financial Economics 29 (1991), 173-196.
  • Underwriting Calls of Convertible Securities: A Note
    Cowan, Arnold R., Nandkumar Nayar, and Ajai K. Singh: Journal of Financial Economics 31 (1992), 269-278.
  • Layoffs and Underwritten Rights Offers
    Singh, Ajai K.: Journal of Financial Economics 43 (1997), 105-130.
  • Underwriter Reputation, Initial Returns and the Long-Run Performance of IPO Stocks
    Carter, Richard B., Frederick H. Dark and Ajai K. Singh: Journal of Finance 53 (1998), 285-312.
  • Negotiation and the IPO Offer Price: A Comparison of Integer versus Non-Integer IPOs
    Bradley, Daniel J., John W. Cooney Jr., Bradford D. Jordan and Ajai K. Singh: Journal of Financial and Quantitative Analysis 39 (2004), 517-540.
  • An examination of large sell orders in cold IPO aftermarkets
    Krishnan, CNV, Ajai K. Singh and Allan A. Zebedee: Journal of Financial Markets 9 (2006), 119-143.
  • The IPO Derby: Are there Consistent Losers and Winners on this Track?
    Chan, Konan, John W. Cooney, Jr., Joonghyuk Kim, and Ajai K. Singh: Financial Management 37 (2008), 45-80.
  • Share Repurchase Offers and Liquidity: An Examination of Temporary and Permanent Effects
    Nayar, Nandkumar, Ajai K. Singh and Allan A. Zebedee: Financial Management 37 (2008), 251-270.
  • Liquidity in the Pricing of Syndicated Loans
    Gupta, Anurag, Ajai K. Singh and Allan A. Zebedee: Journal of Financial Markets 11 (2008), 339-376.
  • Are there long-run implications of analyst coverage for IPOs?
    Bradley, Dan, Konan Chan, Joonghyuk Kim, and Ajai K. Singh: Journal of Banking & Finance 32 (2008), 1120-1132.
  • Stock splits, trading continuity and the cost of equity capital
    Lin Ji-Chai, Ajai K. Singh and Wen Yu: Journal of Financial Economics 93 (2009) 474-489.
  • Examining Bank SEOs: Are Offers Made by Undercapitalized Banks Different?
    Krishnan, C.N.V., Ozgur E. Ergungor, Paul Laux, Ajai K. Singh and Allan A. Zebedee: Journal of Financial Intermediation 19 (2010) 207-234.
  • Venture capital reputation, post-IPO performance, and corporate governance
    Krishnan, C.N.V., Vladimir I. Ivanov, Ron Masulis, Ajai K. Singh: Journal of Financial and Quantitative Analysis 46 (5) October (2011) 1295 - 1333.
  • Price Delay Premium and Liquidity Risk
    Lin Ji-Chai, Ajai K. Singh, Ping-Wen (Steven) Sun and Wen Yu: Journal of Financial Markets 17 (2014) 150-173.