Manoj Kulchania

• Ph.D. in Business Administration (Finance), University of Pittsburgh, 2010
• M. S. in Computer Science, Indiana University, Bloomington, 2002
• B. S. (Hons), Indian Institute of Technology, Kharagpur, India, 1998

Corporate finance, mergers and acquisitions, cash holdings, capital structure, payout policy and market microstructure.

Finance - incl Banking

• Accelerated Share Repurchases, 2011 (with Leonce Bargeron and Shawn Thomas), Journal of Financial Economics 101, 69–89.
• Market Microstructure Changes around Accelerated Share Repurchase Announcements, 2013. Journal of Financial Research 36, 91–114.
• Catering Driven Substitution in Corporate Payouts, 2013. Journal of Corporate Finance 21, 180–195.
• The Flash Crash: Effects on Shareholder Wealth and Market Quality, 2014 (with Thomas Boulton and Marcus Braga-Alves), Journal of Financial Intermediation 23, 140–156.
• Cost Structure and Payout Policy, 2016. Financial Management 45, 981–1009.
• Cash Reserves as a Hedge Against Supply-Chain Risk, 2017 (with Shawn Thomas), Journal of Financial and Quantitative Analysis 52,1951–1988.
• Shareholders Valuation of Long-Term Debt and the Decline in Firms’ Leverage Ratio, 2018 (with Ranjan D’Mello and Mark Gruskin), Journal of Corporate Finance 48, 352–374.
• U.S. Political Corruption and Audit Fees, 2021 (with Anand Jha and Jared Smith), The Accounting Review 96, 299–324.
• Hedge Funds and Their Prime Broker Analysts, 2021 (with Sung Gon Chung and Melvyn Teo), Journal of Empirical Finance 62, 141–158.
• Flexibility in Share Repurchases – Evidence from UK, 2023, (with Rohit Sonika). European Financial Management 29(1), 196–246.
• Productivity and Payout Policy, 2023. European Financial Management 29(2), 588–633.

• Book Chapter: "Suppliers, Customers, and Firms’ Financial Decisions," 2019 (with Thomas Boulton), Supply Chain Finance: Solutions for Financial Stability, Risk Management, and Resilience in the Supply Chain, Kogan Page, edited by Wendy L. Tate, Lydia Bals, and Lisa M. Elram, 39–62.

• Political Risk and Executive Gender
- University of Michigan, Dearborn, 2024.
• Does Culture Matter in Corporate Acquisitions?
- Strategic Management Society meeting 2023, Toronto
• Payout Policy Research
- Indian Institute of Management Calcutta Research Summer School for Doctoral Students and Research Faculty, May, 2021, 2022, 2023, 2024
• Productivity and Payout Policy
- Financial Management Association 2019
• Earnings Management in Politically Corrupt US Districts. Cloak or Shield?*
- American Accounting Association Meetings, Financial Management Association 2018
•How (and why) do Firms Repurchase Stock?*
- Wayne State University, Young Scholars’ Nordic Finance Workshop 2017
- Eastern Finance Association Meeting, 2019
• On Accounting's 21st Century Challenge: Evidence on the Relation between Intangible Assets and Audit Fees*
- Wayne State University 2017
• U.S. Political Corruption and Audit Fees
- University of Exeter 2017
- Indian Institute of Management Calcutta 2019
• Value of Long-Term Debt and the Decline in Leverage Ratio*
-Wayne State University 2016
- Midwest Finance Association meetings, Eastern Finance Association meetings 2018
• Cost Structure and Payout Policy
- University of Toledo, European Financial Management Association Meetings, Financial Management Association Meetings, 2015
• Supply Chain Disruption Costs and the Substitution of Cash for Inventory*
- Marquette University, Bentley University, University of Pittsburgh, 2013
- Wayne State University, Georgia Institute of Technology, Texas A&M University, 2014, 2015
- Midwest Finance Association meetings, 2017
• The Flash Crash: Effects on Shareholder Wealth and Market Quality*
- Marquette University Finance and Economics Seminar Series, 2011
- Financial Management Association meetings, Midwest Finance Association meetings, Eastern Finance Association meetings, 2012
• Accelerated Share Repurchases*
- American Finance Association meetings, 2010
- University of Kentucky, Binghamton University and Tulane University, 2009, 2010
• Do firms cater to investor demand when repurchasing?
- Doctoral Student Consortium, Financial Management Association meetings, 2008
- Fairfield University, Florida Atlantic University, Marquette University, 2009
• Corporate Finance and Market Issues
- Presented to the Executive Program for Korean Electric Power Company executives at the Institute for Software Research, Carnegie Mellon University, Pittsburgh, 2008

* includes presentations by co-authors

• Sue-Garr Innovative Teaching Award, for the most innovative teacher in the Mike Ilitch School of Business, 2021
• Global Learning Faculty Fellow, Wayne State University, 2021
• Semi-Finalist and Alternate, US Fulbright Scholar Program, 2021
• Summer Research Grant, Wayne State University, 2014-2017.
• Miles Summer Research Grant, College of Business Administration, Marquette University, 2014
• University wide Summer Research Fund Award, Marquette University, 2014
• Small Research Grant, College of Business Administration, Marquette University, 2010, 2011.
• Summer Research Grant, College of Business Administration, Marquette University, 2011-2013.
• Doctoral Student Consortium at the Financial Management Association Meetings in Dallas, 2008
• American Finance Association Student Travel Grant, 2008
• Student Honoree, 32nd Annual Honors Convocation, University of Pittsburgh, 2008
• Graduate and Professional Students’ Association, University of Pittsburgh, Travel Grant, 2008, 2009
• Katz Graduate School of Business, University of Pittsburgh, Travel Grant, 2006, 2007, 2008, 2009
• Mervis Fellowship, Katz Graduate School of Business, University of Pittsburgh, 2005-2009
• Indiana University Merit Scholarship, Indiana University, Bloomington, 2000-2002