Name:  P. R. CHANDY

Rank:   Regents Professor of Finance

Department: Finance, Insurance, Real Estate, and Law

College of Business, University of North Texas, Denton,Texas 76203

Tel:940-565-3623

 

Home: 716 Ticonderoga Drive, Denton,Tx 76205

Tel: 940-383-3886

 

 

COLLEGIATE AND PROFESSIONAL EDUCATION

 

DBA (finance)

Texas Tech University 1980

 

MBA(BCIS)

Texas Tech University 1975

 

B.S.(Chemical Engineering: Graduated with Distinction )

University of Madras 1970

 

ACADEMIC EMPLOYMENT

 

Regents Professor of Finance

2000- Present

 

Professor of Finance

University of North Texas

1995 - 2000

 

Associate Professor of Finance ( equivalent to USA Professor)

Nanyang Tech University, Singapore

1993 - 1995 ( On leave from UNT)

 

Professor of Finance

University of North Texas

1990 - Present

 

Associate Professor

University of North Texas

1984 - 1989

 

Assistant Professor

University of North Texas

1981 - 1984

 

Assistant Professor

Lamar University

1980 - 1981

 

NON-ACADEMIC EMPLOYMENT

 

Design engineer, Simon-Carves India Ltd.,Bombay,India:1970-1973

 

 

MEMBERSHIP IN PROFESSIONAL ORGANIZATIONS

 

Financial Management Association, Association for Investment Management Research

            American Association of Individual Investors

 

HONORS

            Regents Professorship at UNT

 

            Presidents Council Teaching Excellence award, UNT

 

            “Pursuit of Excellence in Teaching” Award,UNT;

           

‘Fessor Graham Award, UNT

 

Council of Business Students Outstanding Teaching Award, COBA, UNT

 

Toulouse Scholar, UNT

 

Shelton Excellence in Teaching Award,UNT

 

PDI Fellow for Outstanding Research , UNT

 

Student Association Honor Professor,UNT

 

Marquis Who=s Who  in South and Southwest

 

Marquis Who=s Who in Finance

 

Ralph Hoeber Award at 1995 National American Business Law Association Meeting for Excellence in research

 

 

 

 

 

 

 

COMMITTEE MEMBERSHIP

 

University Committees and Councils

            University Forum on Teaching and Learning (2000- Present)

            International Education Committee (1999- present)

            Chair of International Education Committee: Distinguished Service Award subcommittee

            Mentor Committee (1996- present):Chair (2001-present)

            Developing Scholars Committee (1996-1998)

Chair of Sunset Review Committee (1996)

Chair of Sunset Review Committee (1991 - 1992)

Committee for the selection of Regents= Lecture Award (1985 - 1987)

University Research Committee

University Library Committee (1983 - 1987)

Library Budget Committee (1985 - 1987)

Search Committee for V.P. for Research & Graduate Dean (1985 - 1986)

 

School/College Committees and Councils

 

AACSB Accreditation Team Member (1996 - 1997)

Library Resource committee (1993 - 1995)

MBA Policy Committee (1993 - 1995)

Examiners committee (1993 - 1995)

COBA Appeals Committee (1991 - 1993, 1998- Present)

UNT Committee to Evaluate Auditorium Building (1992 - 1993)

Ph.D. Policy Committee (1987 - present)

Ad-Hoc Research (1985 - 1986)

Chairman, Computer Users (1982 - 1983)

Member, Computer Users (1982 - 1985)

Grade Appeals Committee  (1986)

Mentor - UNT Advisor Undergraduates (1985-1990)

Advisor Delta Sigma Pi; Beta Gamma Sigma

 

Department/Division Committees and Councils

 

Chair of PAC Committee (1996 - 1997); Chair of PAC Committee (2001 - present)

PAC and PAT Committee (1995 - 1997)

Ad Hoc Committee on PAC Composition (2000- 2001)

Doctoral Policy Committee (1995 - present)

Promotion and Tenure (1990 - 1991)

Personal Affairs (Promotion and Tenure) (1984 - 1986)

Chairperson Search (1985 - 1986)

Case Review (MBA Program) (1985 - 1988)

 

 

 

 

PUBLICATIONS & CREATIVE ACTIVITIES

Books

 

A Comprehensive Guide to Publishing in General Business and International Business Journals,

Stipes Publishing Company,1993.  Maintain a World Wide Web site containing details on

about 150 journals in business and economics (with Sharon Garrison).

 

A Guide to Working Papers in Business and Economics, Professional Development Institute,

1989 (with B.Copeland).

 

Finance Journals

           

“Resolving Confusion in Terminology:APR and Effective Rate of Interest” Journal of Financial

Education,Fall 1996, Volume 22, pp.60-65 (with F.Roden and S.Cole).

 

“Market timing can Work in the Real World” Journal of Portfolio Management, Spring               1995, pp.82-84.(with Joe Brocato).

 

“Riding the Yield Curve” Singapore Management Review,January             1995,pp.31-40.(with               Paul Hsueh)

 

“Does Market Timing Really Work in the Real World,” Journal of Portfolio Management,Winter

1994,pp.39-44 (with Joe Brocato).

 

“Auditor Re-alignment and 8-K disclosures” Journal of Economics and Finance, Summer

1994,pp. 153-162.(with R.Sriram)

 

 “Event Studies and Replication: A Commentary” International Review of Financial

Analysis,Vol.4,#2,1995  (with M.Cheung).

 

“Effects of Preferred Stock Rerating on common stock prices” The Financial Review”,

November 1993,pp.449-467. (with P.Hsueh and A.Liu).

 

“ A Note on Value Line Stock High Light Effect” Journal of Financial Research, Summer

1993,pp. 171-179.(with J.Peavy and W.Reichenstein).

 

“Market Surges and Market Timing” Journal of Investing,             Summer 1993, pp.41-46 (with

W.Reichenstein).

           

"Yield Spread in Corporate Bonds" Journal of Financial and Strategic Decision Making; Winter

1991 (with P. Kharabe).

 

"Market Reaction to Listing and Delisting in the  Dow Jones Portfolios," International Journal of

Finance.  Autumn 1989 (with O. Varela).

 

"The Effect of the WPPSS Crisis in Utility Common Stock Returns," Journal of Business

Finance and Accounting.  Autumn 1989 (with I. Karafiath)

 

Risk-Return Relationships for Single Family Dwellings,"  Journal of Financial Management and

Analysis, December 1989, (with P. Kharabe).

 

"Across Discipline Journal Awareness and Evaluation:  Implication for the Promotion and

Tenure Process," Journal of Economics and Business, November, 1990 (with G. Ganesh and Glenn Henderson)

 

"Commercial Paper Rating Models," Quarterly Journal of Business and Economics.  Autumn

1990 (with E. Duett)

 

"An Examination of the Yield Spread Between Insured and Uninsured Debt," Journal of

Financial Research, Fall 1989 (with P. Hsueh).

 

"Relationship Between Yield to Maturity, Expected Returns and Risk Free Rate for Corporate

Bonds," Engineering Economist, Winter 1990 (with Dr. P. Kharabe)

 

"Forward Spread Agreements," Journal of Financial and Strategic Decision Making,Spring 1988,

(with E. Duett).

 

"Risk Premium in Corporate Bonds," Akron Business and Economic Review; Spring 1991 (with

Dr. P. Kharabe)

 

“Swapping Bond Investments to Reduce Capital Gains” Journal of the American Society of

CLU and Ch.F.C.” January 1993,(with R.SriRam).

 

"Chief Executive Officers:  Their Background and Predictions for the 90's," Business Forum,

School of Business, California State University, Los Angeles, Winter 1991.

 

“Stock Market Timing : A Modest Proposal” AAII Journal, April 1992, (with W.Reichenstein).

 

“An Empirical Analysis of Firms’s Propensity to Switch Auditors, Journal of Financial

Management and Analysis, June 1992, (with R.SriRam).

 

"Top Management Relevance:  The Effect of Key Executive Death on Stock Prices," Business

Horizon, May 1991, (with Dr. S. Garrison).

 

“Effects of U.S. Dollar Devaluations on the Stock Returns             of MNC’s “ Journal of Financial

Management and Analysis, December 1991 (with G.Ganesh).

 

A History of and Strategies for Bear Markets," AAII Journal, October 1989 (with Dr. G.

Christy).

 

"Saga of a stock purchase:  From order through Certificate," AAII Journal, March 1989 (with J.

Jakus).  Reprinted in Financial Management Collections, Summer 1989.

 

"Swapping Municipal Bonds:  A Primer," AAII Journal, March 1989 (with J.

Jakus).  Reprinted in Financial Management Collections, Summer 1989.

 

"An Evaluation of SFAS No. 71:  Regulated Enterprises," Journal of Applied Business Research,

Fall 1988 (with G. Nbudizu).

 

"Bad News = Goods News! Who can tell?," Journal of Portfolio Management, Fall 1985 (with

W. N. Davidson and S. Garrison)

 

"Realized Yield Behavior of Junk Bonds," Review of Business and Economic Research, Winter

1983 (with R. Cherry), reprinted in the CFA Readings Book, 1985.

 

"The Stock Market Effects of Airline Deregulation", Quarterly Journal of Business and

Economics Autumn, 1984, (with Davidson and Walker).

    

"The Regulatory Environment for Public Utilities:  Indications of the Importance of Political

Process", Financial Analysts Journal, Nov.- Dec. 1983 (with W.N. Davidson)

 

"Regulatory Lag: Another Risk for Public Utilities," Review of Business and Economic

Research, Fall 1985 (with W.P. Dukes).

 

"Determinants of Electric Utility Betas," Managerial Finance, 1986, (with Davidson).

 

"Can We Get Something for Nothing: A Study of the Influence of Analysts Recommendation on

Stock Returns," Midsouth Journal of Economics, 1987 (with Davidson).

 

"The Market Model  Specification and Structure Stability of Beta,"The International Journal of

Finance, Spring 1989 (with G. Naubizu and A. C. Arize).

 

"Timing Strategies and the Risk of Missing Bull Markets," AAII Journal, August 1991 (with A.

Reichenstein)

 

"Awareness and Evaluation of Selected Economics Journals", Journal of Financial and Strategic

Decision Making Spring 1993,(with G. Ganesh and G.Henderson)

 

"Does Full Moon or New Moon Influence Stock Markets?"  Journal of Financial Management

and Analysis June 1991 (with P. Haensly and S. Shetty).

 

Business Law Journals

           

“The Shareholder Wealth Effects of Pennsylvania Fourth             Generation Anti Takeover Law”

American Business Law Journal,32,3,1995,pp.399-445 (withC.Foster,M.Braswell,S.Poe).

 

The Production of Scholarly Research in Institutions in Business Law,"  Journal of Legal Studies

Education, Spring 1989 (with M. Staff).

 

Management Journals

           

“Individual and Institutional Contribution to Non United States Business Journals”  International

Journal of Management,  December 1994,pp.924-928 (with R.Sriram).

 

"Management Turnover Through Key Executive Death:  Its Effect on Investor Wealth,"

Academy of Management Journal, December 1986, (with Davidson, Worrell and Garrison).  Reprinted in Research Methods:  Competencies for Business" by P. L. Diehl and L. R. Gay, MacMillan Publishing Company, 1992.

 

"International and Non-International Business Journal Awareness and Evaluation," Management

International Review, 31,1991 (with G. Ganesh and B. Ebrahimi)

 

Insurance Journals

 

"Large Losses, Risk Management and Stock Returns in the Airline Industry", Journal of Risk and

Insurance, (with Cross and Davidson), March 1987.

 

"Key Man Insurance: An Empirical Investigation of Market Reaction," Journal of Insurance

Issues and Practices, Jan. 1986 (with Davidson, Garrison and Worrell).

 

"Key Man Insurance and Market Reaction: A Comment," Journal of Insurance Issues and

Practices, June 1987 (with Garrison, Worrell and Davidson).

 

Real Estate Journals

 

"Duration Theory and Mortgage Value," The Real Estate Appraiser and Analyst Journal, Spring

1988 (with Waller).

 

"Insurance Against Volatile Interest Rates: The Financial Futures Market," Commercial

Investment Real Estate Journal, Winter 1986, (with Davidson).

 

"The Production of Scholarly Real Estate Publications by Individuals and Institutions," The

Akron Business and Economic Review, Winter 1986. (with J. Albert).

 

Marketing Journals

 

"Awareness and Evaluation of Selected Marketing Journals," Akron Business and Economic

Review, Winter 1990, (with G. Henderson and G. Ganesh).

 

Accounting Journals

 

"Awareness and Evaluation of Selected Accounting Journals," Akron Business and Economic

Review, Summer 1991 (with G. Ganesh and G. Henderson)

 

"Most Frequent Contributors to Contemporary Accounting Literature," Akron Business and

Economic Review,Fall 1991,  (with V. Gopalakrishnan)

 

"Private Placements: A Primer for the Financial Executive",Corporate Accounting, (with

Kharabe), Summer 1986.

 

"Below Market and Interest Free Loans Under the 1984 Tax Act" National Public Accountant

(with Harper), April 1986.

 

International Business Journals

 

“The Impact of Journals and Authors on International Business Research” Journal of

International Business Studies, 25,4,1994,pp.715-728 (with Thomas Williams).

 

“Scholarly Contributions to Two Major International Business Journals: A comparison of JIBS

and Columbia Journal of World Business” The Journal of Teaching of International Business, 6,1,1994, pp.31-51. (with P.Gopalakrishna).

 

“A Content Analysis of Contribution to the Management International Review”, Management

International Review,             32,1992,pp.273-283 (with P.Gopalakrishna).

 

 

Financial Planning Journals

 

"Investing in Art and Antiques," The Financial Planner, Sept. 1983 (with Sharon Garrison).

 

"The Long and Short of It," Dowline, May-June 1986.      

 

"Opportunities in Tax Shelters: An Overview," Journal of Economic Planning, August 1983.

 

"Zero Coupon Municipal Bonds: An Overview," The Financial Professional, 1984, (with S.

Garrison).

 

"Estate Taxes, Investor Returns and Flower Bonds", Financial Executive, October, 1985.

 

"Penny Stocks: An Overview," Financial Planner, April 1986 (with Garrison).

 

"Stock Market Indicators," Dowline, January 1987.

 

"Death and Taxes: There is a Connection," Journal of the Institute of Certified Financial

Planners, (with Garrison)Fall 1986.

 

"Diamond Investment: Radiance or Return," The Financial Planner, June 1983 (with G. Christy).

 

"Tax Considerations of Drilling Fund Investments," The Financial Planner, March 1983

 

Energy Related Journals

 

"Financial Statement Analysis:  Regulated vs Unregulated Industries," Public Utilities

Fortnightly, November 9, l989 (with R. Sriram).

 

"AFUDC and Its Impact on the Profitability of Electric Utilities," Public Utilities Fortnightly,

August 4, 1983 (W.N. Davidson).

 

"Financial Factors and Their Effect on Beta in the Oil and Gas Industry," Journal of Petroleum

Accounting, Summer 1987 (with Kwan).

 

"Rate of Return and Risk for Public Utilities," Public Utilities Fortnightly, Sep. 1, 1983 (with

W.P. Dukes).

 

"The Impact of Deregulation on Natural Gas Firms:  An Empirical Study", Journal of Extractive

Industries  Accounting, Summer 1984 (with Davidson and Walker).

 

"Hedging with Petroleum Futures," Journal of Petroleum Accounting, (with Choi and McIntosh),

Fall/Winter 1986.

 

"The Stock Market's Reaction to Key Executive Death in the Oil Industry," Oil and Gas Tax

Quarterly, March 1984 (with Davidson and Worrell).

 

"The Impact of Regulatory Environment on Bond, Preferred and Common Stock Ratings,"

Electric Rate Making, April-May 1983 (with W.N. Davidson and M. Walker).

 

"Risk Variables Affecting the Rate of Return of Public Utilities," Public Utilities

Fortnightly, Feb. 26, 1981 (with W.P. Dukes).

 

"Deregulation of Natural Gas: A Shareholder's Perspective," Oil and Gas Tax Quarterly (with

Davidson) June 1986.

 

"The Impact of the Proposed Change in Texas on Regulatory Environment," Southwest Journal

of Business and Economics, Winter 1983-84, (with Davidson).

 

Business Reviews

 

Securitizing Assets:  An Overview," American Business Review, June 1990 (with R. Sriram)

 

"Utility Commissioner Selection Method: Implications for Consumers, Investors and Firms",

The Arkansas Business and Economic Review, 1986.

 

"A Comparative Look at Socially Responsible Mutual Funds", Arkansas Business and Economic

Review, (with Davidson and Worrell), 1986.

 

"Options on Market Indexes: Another Tool for Risk Reduction," Mississippi Business Review,

Sep. 1983 (with S. Garrison).

 

"Tax Consequences of Real Estate Investment," Mississippi Business Review, July 1984 (with

Joe Albert).

 

"The Big Firm CEO," Collegiate News and Views, Spring 1984 (with T. Klammer).

           

"Investing in Precious Metals: The Case for Gold," Mississippi Business Review, Feb. 1984

(with S. Garrison).

 

"Investing in Gold: Does it Glitter," Baylor Business Review, Spring 1984, (with J. Glascock).

           

"Can Short Term Interest Rates Be Used to Predict Inflation", Midsouth Business Journal, April

1987 (with Cross).

 

"The Determinants of Electric Utility Construction Expenditures," Southern,Business Review,

Spring 1984, (with Davidson).

 

"The New Tax Laws and Their Impact on Investments," Arkansas Business and Economic

Review, Vol. 16, No. 3, 1983 (with S. Garrison).

 

"The Promised Yield Behavior of Junk Bonds," Akron Business and Economic Review, Winter,

1984 (with Walker).

 

"A Linear Programming Model for the Selection of Optimal Government Bond Portfolios,"

Southern Business Review, Fall 1984.

 

"The Stock Market Effects of Trucking Deregulation," Akron Business and Economic Review,

Winter, 1985, (with Davidson and Walker).

 

"A Note on the Effect of the Accident at TMI on the Nuclear Construction Industry," Akron

Business and Economic Review, (with Davidson), Spring 1986.

 

"Corporate Acquisition Criteria: New Evidence," Southern Business Review, Spring 1983 (with

R. Cherry).

 

"Nuclear Commitment by Utilities:  Market Risk Perceptions," Akron Business and Economic

Review, Spring 1988 (with Davidson).

 

Presented Papers Included in Proceedings

 

“An analysis of insider information and insider trading around bond rating changes”, Academy                            of Financial services meeting, October 1998, Chicago (with I.Choi and A.Lamba).

 

“An Analysis and Comparison of Three Competing Models of CEO Compensation” Midsouth

Academy of Economics and Finance            Nashville,Tennessee, February,1993

 

“The Effect of Delisting from the NMS:Further Evidence on Liquidity and Cost of Capital

Changes” 6th Annual             Australasian Banking and Finance Conference, December 10,1993, Sydney,Australia. (with N.Tripathy).

 

"Perception of Management Information System Journals," Proceedings of the 1990 Decision

Science Institute Meeting (with G. Ganesh and J. Becker).

 

"Promised Yield Behavior of Junk Bonds," Proceedings of the 1982 Eastern Finance Association

Meeting (with M. Walker).

 

"A Decision Model for Portfolio Selection," Proceedings of the 1983 S.E. AIDS Meeting (with

P. Ghandforoush).

 

"Regulatory Lag: Another Risk for Utilities," Proceedings of the 1981 Southwestern Finance

Association Meeting (with W.P. Dukes).

 

"Can Short Term Interest Rates Be Used to Predict Inflation," 1983 Proceedings of EFA Meeting

(with Cross).

                                   

"The Impact of Deregulation on Natural Gas Firms," 1983 Proceedings of the EFA Meeting

(with Davidson, Walker).

 

"Investor Perception of Airline, Natural Gas and Trucking             Deregulation Acts," 1985

Proceedings of EFA Meeting (with Davidson, Walker).

 

"Management Turnover through Executive Death: Its Effect on Investor Wealth," 1986 national

Academy of Management, (with Worrell and Davidson).

 

Other Presented Papers

 

“ The effect of De-Listing on Shareholder Wealth” Financial Management Association Meeting, October 2001, Toronto ( with N.Tripathy)

 

“ Analysis of Insider Information around bond Rating changes” Nippon Finance association, June 1998, Tokyo (with I.Choi and A.Lamba)

 

“ Corporate Sale and Leaseback Transactions: An empirical examination of corporate incentives,wealth effects and dealer spreads” Academy of Economics and Finance meeting, Louisiana, February 1997 (with B.Gordon)

 

“ The Effects of Delisting from the National Market System” Academy of Financial Services

meeting,New Orleans, October 1996 (With N.Tripathy).

 

“The Shareholder Wealth Effects of Pennsylvania Fourth             Generation Anti-Takeover Law”

American Business Law Association meeting, August 1995 (with M.Braswell,C.Foster and S.Poe).

 

“An Analysis and Comparison of Three Competing Models of CEO Compensation” Midsouth

Academy of Economics and Finance             Meeting, 1993 (with M.Chopin).

 

“Prediction of Bank C.D. Ratings” Academy of Financial Services Meeting, October 1992,

(with S.Cole and M.Kim).

 

“Seasonality Estimation and Commodity Seat Returns” Financial Management Association

Meeting,1992,(with D.Macdonald and P.Taube).

 

“The Effects of De-Listing from NMS on Stock Returns” Financial Management Association

meeting, 1992 (with             N.Tripathy).

 

"A Multifactor Model for the Selection of Papers Bond Portfolios," Financial Management

Association Meeting, 1984.

 

"Yield to Maturity Approximations: A Test of Accuracy," Midsouth Society of Economics, 1983

(with Griffith).

 

"An Analysis of Academic and Practitioner Preference among Insurance and Risk Management

Publications," Western Risk And Insurance Meeting, 1984, (with Thornton).

 

"A Ranking of Publications and Research in Real Estate," American Real Estate and Urban

Economics Meeting, 1984, (with Albert).

 

"The Dividend Clientele Effect: Evidence From the ERTA of 1981," Southern Finance

Association Meeting, 1983 (with B. Marks).

                                   

"The Realized Yield Behavior of Junk Bonds," Southern Finance Association Meeting, 1982

(with R. Cherry).

 

"A Linear Programming Model for the Selection of Optimal Government Bond Portfolios,"

Southern Finance Association Meeting, 1981 (with R. Cherry).

           

 

"Firm Susceptibility to Cash Tender Offers," Financial Management Association Meeting, 1981

(with R. Cherry).

 

"Chi-square, Mann-Whitney, Spearman and Lilliefors Tests," Methodology Seminar, 1983,

University of North Texas

 

"The Impact of Deregulation on the Trucking Industry," Southwestern Finance Association,

1985.

           

"The Impact of the TMI Accident on the Construction Industry," Midwest Finance Association,

1985.

 

"An Analysis of Institutional Contributions to Major Insurance and Risk Management Journals

 and Annual Meetings with a Summary of Academic and Practitioner                Preferences,"Southern Risk and Insurance Association, 1985 (with Thornton).

 

Large losses, Risk Management and Stock Returns in the Airline Industry," Southwestern

Finance Association Meeting, March 1986 (with M. Cross and W. Davidson).

 

"Research Requirements for Business Law Professors?  A Preliminary Report," Southeastern

Business Law Association, Nov. 1985 (with M. Staff).

 

"Key Man Insurance:  An Investigation of Market Reaction," Eastern Finance Association, April

1986 (with W. Davidson, S. Garrison and D. Worrell).

 

"The Effect of the WPPSS Crisis on the Electric Utility Stock Returns," Financial

Management Association, October 1986 (with Karafiath).

 

"The Structural Stability of the Market Model and the Chernobyl Accident," Academy of

International Business Meeting, Chicago, Nov. 1987 (with Ndubizu).

 

"Market Reaction to Listings, Delistings and Name Changes in the Dow Jones Portfolios,"

Financial Management Association Meeting, Las Vegas, Oct. 1987.

           

"Yield Spread in Corporate Bonds," Southwestern Finance Association Meeting, March 1988.

 

"The Effect of Delisting from NMS on Common Stock Returns," Southwestern Finance

Association Meeting, March 1990, (with N. Tripathy).

 

"The Effect of Significant Layoffs on Stockholder Wealth," Academy of Management Meeting,

March 1988, with Davidson and Worrell).

 

"The Yield Differential Between Insured and Uninsured Debt," Financial Management

Association Meeting, 1988 (with Hsueh).

 

"A History of and Strategies for Bear Markets," Academy of Financial Services Meeting, 1989

(with G. Christy).

 

"The Effect of Preferred Stock Rating Changes on Common Stock Returns," Southwestern

Finance Association Meeting, March 1990 (with P. Hsueh)