Anand Jha

Anand Jha


Chair, Department of Finance
Professor of Finance





Mike Ilitch School of Business
2771 Woodward Avenue
Room 389
Detroit, MI 48201

Academic Programs

  • Finance

Anand Jha


Dr. Jha specializes in corporate finance, with a primary focus on the impact of social norms on financial outcomes. The research questions he has investigated encompass a wide range of topics in finance, including financial reporting, bankruptcy, debt covenants, bank competition, strategic alliances, mergers & acquisitions, and the financing of small businesses. His publications include contributions to The Accounting Review, Journal of Financial and Quantitative Financial Analysis, Journal of Banking & Finance, Journal of Corporate Finance and Jorunal of Business, Finance & Accounting.

Service to the profession:
As a reviewer, Dr. Jha has contributed to journals such as the Journal of Accounting & Economics, The Accounting Review, Review of Accounting Studies, Journal of Banking & Finance, Journal of Corporate Finance, and Review of Finance. Additionally, Dr. Jha has served as an associate editor for the Journal of Behavioral and Experimental Economics and the Journal of Behavioral and Experimental Finance.

Professor of Finance, 2023 - Present, Wayne State University
Associate Professor of Finance, 2016 - 2022, Wayne State University
Visiting Assistant, Assistant, and Associate Professor of Finance, 2008-2016, Texas A&M International University


  • Ph.D., 2009, Business Administration, Kelley School of Business, Indiana University, Bloomington, Indiana
  • Master of Business, 2005, Kelley School of Business, Indiana University, Bloomington, Indiana
  • Bachelor of Arts, 2002, (Economics and Mathematics), Cum Laude, Wabash College, Crawfordsville, Indiana


  • Social capital

Research and teaching interests

• Corporate finance
• Social capital
• Behavioral finance


See Dr. Jha's Google Scholar Profile
  • Mufaddal Baxamusa, Anand Jha, and K.K. Raman, 2024, Strategic alliances and shared auditors, Journal of Financial Stability, (forthcoming)
  • Lamia Chourou, Ashrafee Hossain, and Anand Jha, 2024, US Political Corruption and Quarterly Conference Calls, Journal of Banking & Finance (forthcoming)
  • Hasibul Chowdhury, Ashrafee Hossain,and Anand Jha, 2024, Acquisition and Social Capital, Journal of Business, Finance & Accounting (forthcoming)
  • Anand Jha, Humnath Panta, and Salil Sarkar,2023, Ex-military CEOs and readability of financial reports, Journal of Business, Finance & Accounting (forthcoming)
  • Ashrafee Hossain, Takdir Hossain, Anand Jha, and Mbodja Mougoué, 2023, Credit Ratings and Social Capital, Journal of Corporate Finance, (78),102338.
  • Christopher Boudreaux, Monica Escaleras and Anand Jha, 2023, Natural Disasters, Entrepreneurship Activity, and the Moderating Role of Country Governance, Small Business Economics, (60)1483-1508
  • Anand Jha, Manoj Kulchania and Min-Jeong Kwon, 2022, Stock Repurchasing and Corporate Social Responsibility, Journal of Financial Stability, (62),101071
  • Christopher Boudreaux, Anand Jha, and Monica Escaleras 2022, Weathering the Storm: How Foreign Aid and Institutions Affect Entrepreneurship Activity Following Natural Disasters, Entrepreneurship Theory and Practice, 46(6), 1843- 1868
  • Christopher Boudreaux, George Clarke, and Anand Jha, 2022, Social capital and small informal business productivity: the mediating roles of financing and customer relationships,Small Business Economics,59, 955-976
  • Mufaddal Baxamusa, Sudip Datta, and Anand Jha, 2021, Does policy uncertainty increase relational risks? Evidence from strategic alliances. Financial Management, 50(3), 645-689.
  • Anand Jha, Manoj Kulchania, Jared Smith, 2021, U.S. Political corruption and Auditing, Accounting Review, 96(1), 299-324.
  • Sudip Datta, Anand Jha, Manoj Kulchania, 2020, On Accounting’s 21st Century Challenge: Evidence on the Relation between Intangible Assets and Audit Fees, Review of Quantitative Finance and Accounting 55(1), 123-162.
  • Anand Jha, 2019, Financial Reports and Social capital, Journal of Business Ethics 155(2), 567-596.
  • Anand Jha, YoungJun Kim, and Sandra Gutierrez-Wirsching, 2019, The Determinants of Cross-border Corporate Strategic Alliances: The Roles of Trust, Cultural Distance, and Institutional Distance, Journal of Behavioral and Experimental Finance, 21, 22-38.
  • Mufaddal Baxamusa, Abu Jalal, and Anand Jha, 2018, It pays to partner with a firm that writes annual reports well, Journal of Banking & Finance, 92, 13-34.
  • Todd Gormley, Nandini Gupta, and Anand Jha, 2018, Quiet Life No More? Corporate Bankruptcy and Bank Competition, Journal of Financial & Quantitative Analysis, 53(2), 581-611.
  • Anand Jha, Christopher J. Boudreaux, and Vasabjit Banerjee, 2018, Political leanings and Social capital, Journal of Behavioral and Experimental Economics (72), 95-105.
  • Anand Jha, and James Cox, 2015, Corporate Social Responsibility and Social Capital, Journal of Banking & Finance 60, 252-270.
  • Anand Jha, and Yu Chen, 2015, Audit fees and Social capital, Accounting Review 90, 611-639.
  • Anand Jha, Siddharth Shankar, and Arun Prakash, 2015, How Does Bank Monitoring Affect Earnings Management of the Borrowing Firm: An Empirical Investigation, Journal of Financial Research, 38, 219-254.
  • Anand Jha, Siddharth Shankar, and Leonard Arvi, 2014, Access to Bank Loans while in bankruptcy: The Role of Single vs. Multiple Banking Relations, Managerial Finance 40, 724-733.
  • Anand Jha, 2013, Earnings Management Around Debt-Covenant Violations–An Empirical Investigation Using a Large Sample of Quarterly Data, Journal of Accounting, Auditing & Finance 28, 369-396.
  • Siddharth Shankar, Gary A. Anderson, and Anand Jha, 2012, A Few Precise and Simple Methods for Understanding Changes in Cash Flow Patterns in Financial Education. International Journal of Finance 24, 7169-7085.



• Researcher of the year for 2020, Mike Illitch School of Business (co-winner)

• Best paper in Behavioral Finance, Midwest Finance Association, San Antonio, 2018

Courses taught by Anand Jha

Fall Term 2024 (future)

Fall Term 2023

Fall Term 2022

Winter Term 2022