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Ranjan D'Mello

Title

Professor of Finance

Phone

313-577-7828

Email

rdmello@wayne.edu

Office

Mike Ilitch School of Business
2771 Woodward Ave.
Room 375
Detroit, MI 48201

Academic Programs

Finance

Ranjan D'Mello

Biography

Full Professor of Finance, 2017 - Present, Wayne State University
Interim Associate Dean 2011 - 2012
Interim Finance Department Chair 2010 - 2011
Associate Professor of Finance 2001 - 2017, Wayne State University, (Tenured in 2003)
Assistant Professor of Finance, 1995 - 2001, University of New Orleans

Education

Ph.D., The Ohio State University, 1995
MBA, The Ohio State University, 1990
M.Com, Sydenham College, 1988
B.Com, Sydenham College, 1986

Expertise

Security Issues, Agency Costs, Payout Policies

AACSB specialty

Finance - incl Banking

Research and teaching interests

Corporate Finance

Publications

Corporate Social Responsibility and the Executive-Employee Pay Disparity, Ranjan D'Mello, Sungjoung Kwon, and Francesca Toscano, Journal of Banking and Finance, 162, 107154.
The Declining Trend in Trade Credit Ratios; The Impact of Firm-Specific and Macro-Factors, 2022, Ranjan D'Mello, Mark Gruskin, and Francesca Toscano, Review of Financial Economics, 40, 389-417.
To Be or Not to Be All-Equity for Firms that Eliminate Long-Term Debt, 2021, Ranjan D'Mello and Mark Gruskin, Journal of Empirical Finance, 64, 183-206.
Economic Policy Uncertainty and Short-Term Financing: The Case of Trade Credit, 2020, Ranjan D'Mello and Francesca Toscano, Journal of Corporate Finance, 64, 101686.
Shareholders valuation of long-term debt and decline in firms’ leverage ratio, 2018, Ranjan D'Mello, Mark Gruskin, and Manoj Kulchania, Journal of Corporate Finance, 48, 352-374.
Internal Control and Internal Capital Allocation: Evidence from Internal Capital Market of Multi-segment Firms, 2017, Ranjan D’Mello, Xinghua Gao, and Yonghong Jia, Review of Accounting Studies, 22, 251-287.
Introduction of Equity-Based Compensation and Impact on Firm Policies, 2014, Ranjan D'Mello and Mercedes Miranda, Advances in Financial Economics, 17, 153-192.
Are the Benefits of Debt Declining? The Decreasing Propensity of Firms to be Adequately Levered, 2014, Ranjan D'Mello and Mark Gruskin, Journal of Corporate Finance, 29, 327-350.
Fundamentals or Fiction: What drives equity pricing?, 2013, Ranjan D'Mello and Mark Gruskin, Banking and Finance Review, 5, 1-20.
Are there monitoring benefits to institutional ownership? Evidence from seasoned equity offerings, 2011, Ilhan Demiralp, Ranjan D'Mello, Frederik Schlingemann, Venkat Subramanium, Journal of Corporate Finance, 17, 1340-1359.
Long-term Debt and Overinvestment Agency Problem, 2010, Ranjan D'Mello and Mercedes Miranda, Journal of Banking and Finance, 34, 324-335.
Executive Compensation and Internal Capital Market Efficiency, 2009, Sudip Datta, Ranjan D'Mello, and Mai-Iskandar-Datta, Journal of Financial Intermediation, 18, 242-258.
Determinants of Corporate Cash Holdings: Evidence from Spin-offs, 2008, Ranjan D'Mello, Sudha Krishnaswami, and Patrick Larkin, Journal of Banking and Finance, 32, 1209-1220.
A Comparative Analysis of the Proxies for Optimal Capital Structure, 2008, Ranjan D'Mello, Joseph Farhat, Review of Financial Economics, 17, 213-227.
The Tax-Loss Selling Hypothesis, Market Liquidity, and Price Pressure around the Turn-of-the-Year, 2003, Ranjan D'Mello, Stephen Ferris and Chuan-Yang Hwang, Journal of Financial Markets, 6, 73-98.
Does the Sequence of Seasoned Equity Offerings Matter?, 2003, Ranjan D'Mello, Oranee Tawatnuntachai and Devrim Yaman, Financial Management, 32, 59-86.
Why do Firms Issue Equity after Splitting Stocks?, 2003, Ranjan D'Mello, Oranee Tawatnuntachai and Devrim Yaman, Financial Review, 38, 323-350 (summarized in the CFA Digest, 34,1).
Intra-Industry Reactions to Stock Split Announcements, 2002, Oranee Tawatnuntachai and Ranjan D'Mello, Journal of Financial Research, 25, 39-57.
Forced versus Voluntary Dividend Reduction; An Agency Cost Explanation, 2001, Ranjan D'Mello, Tarun Mukherjee, and Oranee Tawatnuntachai, Financial Review, 36, 1-22.
Capital Rationing Decisions of Fortune 500 Firms – Part II, 2001, Tarun Mukherjee, Kent Baker, and Ranjan D'Mello, Financial Practice and Education, 10, 69-77.
Equity Undervaluation and Decisions Related to Repurchase Tender Offers: An Empirical Investigation, 2000, Ranjan D'Mello and Pervin Shroff, Journal of Finance, October, 55, 2399-2424.
The Information Effects of Analysts Activity at the Announcement of New Equity Issues, 2000, Ranjan D'Mello and Stephen Ferris, Financial Management, 29, 78-95.
Fact and Fiction in Financial Analyst Forecasting, 2000, Ranjan D'Mello and Stephen Ferris, Corporate Finance Review, 5, 26-32.