Prof. Madhu Veeraraghavan

Pro Vice Chancellor, MAHE Bengaluru
Pro Vice Chancellor, Management, Law, Humanities and Social Sciences, MAHE Manipal

About Prof. Madhu Veeraraghavan

Musings from the Pro VC

Thank you for clicking yourself here! And I hope you will like whatever you read forth from here. So, come along… Take a look at MAHE through my eyes.

How I would describe MAHE as a Father, Teacher, Thinker, Doer, Manager, and, of course, a life-long Student.

I reckon you are here because you are either a parent, student, educator, researcher, job aspirant, activist, educational leader, recruiter or a member of the media. Irrespective, a warm welcome!

The common thread of this connection is our interest in MAHE. The only difference is that I view things inside out and you may have the benefit of an outside in view.

Read More

Pro VC Profile

Madhu Veeraraghavan is the T.A. Pai Chair Professor of Finance at the T.A.Pai Management Institute (TAPMI), Manipal. He also holds the Dr. TMA Pai Endowment Chair in Management Research. He holds a bachelors degree in Commerce, an MBA in Finance and Investments and PhD in Finance.

Prior to joining TAPMI in 2013 he taught at Griffith Business School, Griffith University, Queensland University of Technology, The University of Auckland and Monash University, Melbourne.

Professor Veeraraghavan’s  research interests include corporate finance, corporate governance (with a special focus on emerging markets), the interplay between auditing and finance and behavioural finance. His work has appeared in leading scholarly journals, including Management Science, The Accounting Review, Journal of Financial Economics, Contemporary Accounting Research, Journal of Financial and Quantitative Analysis, Journal of Corporate Finance, Journal of Banking and Finance, Journal of Management and the Journal of Business Ethics.

Professor Veeraraghavan serves on the Editorial Board of Journal of Contemporary Accounting and Economics and Accounting Theory and Practice.

  • Rank and File Employee Stock Options and Workplace Safety in Management Science (ABDC A*) [with Yangyang Chen, Don O’Sullivan, Emmanuel Ofusu and Leon Zolotoy]
  • Does CEO Overconfidence Affect Workplace Safety? in Journal of Corporate Finance (ABDC A*)[With Yangyang Chen, Emmanuel Ofosu, Leon Zolotoy]
  • Social Capital and the Pricing of Initial Public Offerings in Journal of Empirical Finance (ABDC A)[With Yangyang Chen, Huu Duong and Abhinav Goyal.]
  • Pre-and-aftermarket IPO Underpricing: Does Use of Proceeds Disclosure Matter? In Journal of Contemporary Accounting & Economics (ABDC A)[With Kavitha Ranganathan]
  • Momentum, reversals and liquidity: Indian evidence in Pacific-Basin Finance Journal (ABDC A)[Andy Chui, Kavitha Ranganathan, Abhishek Rohit]
  • Underwriting in the Australian IPO Markets: Determinants and Pricing in Australian Journal of Management (ABDC A, Scopus Q2)[With Alastair Marsden, Zoltan Murgulov, Ghon Rhee]
  • Societal Secrecy and IPO Underpricing in Journal of Corporate Finance(ABDC A*), 76 [with Yangyang Chen, Andy Chui and Abhinav Goyal]
  • CEO Risk-taking and Corporate Tax Avoidance: Evidence from Pilot CEOs in Journal of Corporate Finance (ABDC A*), 76 [with Ghasan Baghdadi and Edward Podolski]
  • Democracy and the pricing of initial public offerings around the world in Journal of Financial Economics(ABDC A*), 145 (1), 322-341 [with Huu Duong, Abhinav Goyal and Vasileios Kallinterakis]

Interview by ABC Radio, The Money Show by Richard Aedy on June 3, 2021

https://www.abc.net.au/radionational/programs/themoney/covid-disaster-payments-for-melbourne,-and-how-sunshine-affects/13372486

  • Featured in The Fin Reg Blog, Global Financial Markets Center, Duke University School of Law on July 23, 2021

 https://sites.law.duke.edu/thefinregblog/2021/07/23/democracy-and-the-pricing-of-initial-public-offerings-around-the-world/

  • Mood and Ethical Decision Making: Positive Affect and Corporate PhilanthropyinJournal of Business Ethics (ABDC A and FT-50), 171(1), 189-208 [With Don O’Sullivan, Leon Zolotoy, Myeong-Gu Seo]
  • Media Coverage and IPO Pricing Around the World, in Journal of Financial and Quantitative Analysis. (ABDC A*), 55(5), 1515-1553. [With Abhinav Goyal, Leon Zolotoy and Yangyang Chen]
  • Terrorist Attacks, Investor Sentiment and the Pricing of Initial Public Offerings in Journal of Corporate Finance (ABDC A*)[ with Yangyang Chen, Abhinav Goyal and Leon Zolotoy.]
  • The Role of Affect in Shaping the Behavioral Consequences of CEO Option Incentives, in Journal of Management.(ABDC A*), 45(7), 2920-2951. [With Don O’Sullivan, Geoff Martin and Leon Zolotoy]
  • Venture-Capital Backed and Commitments Test Entity: Initial Public Offerings on the ASX, in Accounting and Finance(ABDC A) 59 (2), 1265-1297. [with Zoltan Murgulov, Alastair Marsden and Ghon Rhee]
  • Trade-Based Manipulation: Beyond the Prosecuted Cases, in Journal of Corporate Finance(ABDC A*) 42, 115-130 [With Suman Neupane, Ghon Rhee and Kuluru Vithanage]
  • Does High Quality Auditing Mitigate or Encourage Private Information Collection? in Contemporary Accounting Research(ABDC A*) 34(3), 1622-1648 [with Yangyang Chen, Bin Srinidhi and Shibley Sadique]
  • National Culture and Corporate Innovation, in Pacific Basin Finance Journal(ABDC A) 43, 173-187 [with Yangyang Chen and Edward Podolski]
  • Do Progressive Social Norms Affect Economic Outcomes? Evidence from Corporate Takeovers, in Journal of Empirical Finance(ABDC A) 41, 76-95 [with Yangyang Chen, Edward Podoloski and Ghon S. Rhee]
  • Board Independence and Internal Control Weakness: Evidence from SOX 404 Disclosures, in AUDITING: A Journal of Practice and Theory(ABDC A*) 36(2), 45-62 [With Yangyang Chen, Robert Knechel, Vijay Marisetty and Cameron Truong]
  • Cash Holdings and Bond Returns around Takeovers, in International Review of Financial Analysis(ABDC A) 46, 1-11 [with Edward Podolski and Cameron Truong]
  • Auditor Client Specific Knowledge and Internal Control Weaknesses: Some Evidence on the Role of Auditor Tenure and Geographic Distance, in Journal of Contemporary Accounting and Economics(ABDC A) 12, 121-140 [with Yangyang Chen, Ferdinand Gul and Cameron Truong]
  • Religious Beliefs and Local Government Financing, Investments and Cash Holding Decisions, in Journal of Empirical Finance(ABDC A) 38, 258-271 [with Yangyang Chen, Zoltan Murgulov and Ghon S. Rhee]
  • Individualism, Uncertainty Avoidance and the Profitability of Momentum Strategies in International Markets, in Contemporary AccountingResearch (ABDC A*) 33(2), 851-881 [with Paul Dou and Cameron Truong]
  • Factors affecting the Birth and Fund-Flows of Commodity Trading Advisors, in Australian Journal of Management(ABDC A) 41(2), 324-352 [with Minh Do, Robert Faff, Paul Lajbcygier and Mikhail Tupitsyn]
  • Executive Equity Risk-Taking Incentives and Audit Service Pricing, forthcoming in The Accounting Review (ABDC A*) 90 (6), 2205-2234 [with Yangyang Chen, Ferdinand Gul and Leon Zolotoy]
  • CEO Risk-Taking Incentives Cost of Equity Capital in Journal of Business Finance and Accounting (ABDC A) 42 (7 and 8), 915-946 [with Yangyang Chen and Cameron Truong]
  • Does Managerial Ability Facilitate Corporate Innovative Success?, in Journal of Empirical Finance (ABDC A) 34, 313-326 [with Yangyang Chen and Edward Podolski]
  • Stock Liquidity and Managerial Short-termism, in Journal of Banking and Finance (ABDC A*) 60, 44-59. [with Yangyang Chen, Ghon Rhee and Leon Zolotoy]
  • National Culture and Cash Holdings Around the World, in Journal of Banking and Finance (ABDC A*) 50(1) 1-18 [with Yangyang Chen, Paul Dou, Ghon Rhee and Cameron Truong]
  • Local Gambling Preferences and Corporate Innovative Success, in Journal of Financial and Quantitative Analysis(ABDC A*) 49(1), 77-106 [with Yangyang Chen, Edward Podolski and Ghon S. Rhee]
  • Is the Accrual Anomaly Robust to Firm-Level Analysis? in International Review of Financial Analysis(ABDC A) 34, 157-165 [with Maria Strydom and Michael Skully]
  • Informed Options Trading Prior to Takeovers – Does the Regulatory Environment Matter?, in Journal of International Financial Markets, Institutions and Money (ABDC A) 27, 286-305 [with Edward J. Podolski and Cameron Truong]
  • Soft Information and Economic Activity: Evidence from the Beige Book, in Journal of Macroeconomics (ABDC A) 37, 81-92 [with Shibley Sadique, Francis In and Paul Wachtel]
  • Stock Price Response to S and P 500 Additions and Deletions: Do Options Trading Volume Matter? in Journal of International Financial Markets, Institutions and Money (ABDC A) 23, 379-401[with Yangyang Chen, Constantine Koutsantony and Cameron Truong]
    • Mood and Consumption Choices: Evidence from Sunshine Data in, Management Science (ABDC A*) [with Andre Bonfrer and Edward Podolski]

    • Government Debt and Cash Holding Decisions in British Accounting Review (ABDC A*) [with Huu Duong, Abhinav Goyal and Savitha Heggede]

    • Judge Ideology, Litigation Risk and IPO Underpricing, in, Review of Accounting Studies (ABDC A* and FT 50) [with Yangyang Chen, Abhinav Goyal and Leon Zolotoy]

    • In the Mood for Creativity: Sunshine Induced Mood, Inventor Performance and Firm Value in Journal of Empirical Finance (ABDC A) [with Yangyang Chen, Edward Podolski and Paul Hsu]

    • Are Employees Safer when the CEO Looks Greedy?, in Journal of Business Ethics (FT 50) [with Don O’ Sullivan and Leon Zolotoy]

MAHE B'LRU
Strategic Priorities 2030

Play Video

Welcome to
MAHE B'LRU

Play Video

Presentations and Conferences

  • Financial Markets and Corporate Governance Conference, Brisbane
  • FMA Asian Conference, Tokyo
  • NSE-IGIDR Conference on Corporate Governance, India
  • MIT Asia Conference in Accounting, Shanghai
  • Asian Finance Association Annual Meetings, China
  • Australasian Finance and Banking Conference, Sydney
  • Asian Finance Association Annual Meetings, Taipei
  • American Accounting Association Annual Meetings, Washington
  • Australasian Finance and Banking Conference, Sydney
  • American Accounting Association Annual Meetings, Denver
  • Australasian Finance and Banking Conference, Sydney
  • American Accounting Association Annual Meetings, New York

American Accounting Association Annual Meetings, California

  • Australasian Finance and Banking Conference, Sydney
  • Global Conference on Business & Economics, Cambridge University
  • Southern Finance Association Annual Meetings, Destin, Florida
  • Mid-West Finance Association, 54th Annual Meeting, Milwaukee
  • FMA European Conference
  • The 12th Annual Global Finance Conference, Trinity College Dublin
  • China International Conference in Finance
  • Australasian Finance and Banking Conference, Sydney
  • 12th Conference on the Theories and Practices of Securities and Financial Markets
  • Irish Association for Finance and Accounting Conference
  • Australasian Finance and Banking Conference, Sydney
  • FMA European Conference, Dublin
  • Australasian Finance and Banking Conference, Sydney
  • Econometric Society Australasian Meeting, Brisbane
  • European Financial Management Association Annual Meetings, London
  • Annual European Meeting of the Financial Management Association
  • European Financial Management Association Conference, Athens

Research Interests

  • Asset Pricing
  • Behavioural Finance
  • Corporate Finance
  • Corporate Governance

Honors and Awards

  • Brigham Young University Accounting Research Rankings – Ranked 180th in the World in Accounting Research [Breadth – 12 Years]
  • Recipient of the Dr. Pritam Singh Best Teacher Award, Government of India
  • Brigham Young University Accounting Research Rankings – Ranked 97th in the World in Accounting Research [Breadth – 6 Years]
  • Brigham Young University Accounting Research Rankings – Ranked 98th in the World in Accounting Research [Breadth – 6 Years]
  • Yangyang Chen, Abhinav Goyal, Madhu Veeraraghavan and Leon Zolotoy. “Media Coverage and IPO Pricing Around the World”. Elsevier and Pacific-Basin Finance Journal Sponsored Best Paper Awards. Asian Finance Association Annual Meetings, Tokyo. June 25-27, 2018.
  • 30th Asian Finance Association Annual Meetings, Best Paper Award for the paper, “Media Coverage and IPO Pricing Around the World” [with Yangyang Chen, Abhinav Goyal and Leon Zolotoy]
  • Best Paper Award at The Emerald 4th Indian Finance Conference at IIM Bangalore for the paper Firm Control and Financing Choices in Indian Firms.
  • Tie-in-Agreements in IPOs: Evidence from India, Short-listed for the Best Paper Award in the Corporate Finance Category, Financial Markets and Corporate Governance Conference, Brisbane, April 2014.
  • Local Religious Beliefs and Corporate Takeovers, Semi-finalist for the Best Paper Award, FMA Asian Conference, Tokyo, May 2014.
  • Does Managerial Skill Facilitate Corporate Innovative Success? Top Ten Download List – Paper Downloaded 27 times [with Yangyang Chen and Edward Podolski]
  • Local Gambling Preferences and Corporate Innovative Success, Top Ten Download List – Paper Downloaded 37 times [with Yangyang Chen, Edward Podolski and Ghon Rhee]
  • Best Paper Award at the MIT Sloan Asia Conference in Accounting for the paper “Executive Equity Risk-Taking Incentives and Audit Service Pricing”
  • Best Paper Award at the Finance and Corporate Governance Conference, Melbourne for the paper “Individualism, Uncertainty Avoidance and Earnings Momentum in International Markets”.
  • Vice Chancellor’s Awards for Teaching Excellence (with Damian Barry and Kevin Tant) “The Treasury Dealing Room: Technology, Innovation, Engagement and Internationalisation in Finance Education”
  • Emerald LiteratiNetwork (sponsored by Emerald Publishers) Highly Commended Award for the paper entitled “Idiosyncratic Volatility and Security Returns: Evidence from Germany and United Kingdom”.
  •  
  • Recipient of The Securities Commission Capital Market Award for the paper entitled “A Closer Look at the Size and Value Premium in Emerging Markets: Evidence from the Kuala Lumpur Stock Exchange” (with Mike Drew).
  • Recipient of The Vice Chancellor’s Research Excellence Awards, The University of Auckland.
  • Nominee for The University of Auckland New Research Excellence Award for Outstanding Research Performance.
  • Nominee for The University of Auckland New Research Excellence Award for Outstanding Research Performance.
  • Nominee for the Asian Studies Association of Australia President’s Medal for the Outstanding Thesis on Asia.
  • Nominee for The Pearson Education Accounting / Finance Lecturer of the Year Award.
  • Nominee for the Best teacher award under the Beginning Teacher Award Category, Griffith University.
  • Nominee for the Best teacher award under the Beginning Teacher Award Category, Griffith University.
  • Thesis accepted at the European Financial Management Association Doctoral Symposium. Thesis instructors: Professor Martin J. Gruber and Dr. John Parsons.
  • Nominee for the Best teacher award under the Beginning Teacher Award Category, Griffith University.

Media Impact

  • CEO Risk-seeking and Corporate Tax Avoidance: Evidence from Pilot CEOs in Journal of Corporate Finance [with Ghasan Baghdadi and Edward Podolski]
  • Featured in Bloomberg Newsletter Money Stuff: Imaginary Invoices are Hard to Collect, by Matt Levine, April 6, 2021
    Read More...
  • Emotions and Managerial Judgment: Evidence from Sunshine Exposure in The Accounting Review [with Chen Chen, Yangyang Chen, Jeff Pittman and Edward Podolski]
  • Featured in Forbes.com – Does Exposure to More Sunshine Affect Managers’ Decisions? June 7, 2021
    Read More...
  • Interview by ABC Radio, The Money Show by Richard Aedy on June 3, 2021
    Read More...
  • Democratisation and IPO Underpricing in Journal of Financial Economics [with Huu Duong, Abhinav Goyal and Vasileios Kallinterakis]
  • Featured in The Fin Reg Blog, Global Financial Markets Center, Duke University School of Law on July 23, 2021
    Read More...

Media Coverage

  • Interaction with Business Line on Campus, “MBAs need to dip into many disciplines to solve unstructured problems’, 28th August 2022. Read More…
  • Telephonic Interaction with Business Line on Campus, “Good jobs for B-schoolers are in areas of data and analytics”, 2nd September 2021. Read More…
  • Telephonic Interaction with The Print, “Engineering seats in India hit 10-year low, while management seats continue to grow”, 21st September 2021. Read More…
  • Interaction with Careers 360 Magazine, 13th December 2021. Read More…
  • Industry story on “How educational institutions are currently dealing with the situation” with The Week Magazine, January Edition. Read More…
  • The Future of Executive MBA – Discussion with RJ Kay, Radio One, Listen Here…
  • Building a Tech-Friendly Education Sector’, 30th June 2020. Read More…
  • Strategy in the Changing Landscape of Business Education During New Normal, Organized by ASMA. Watch Here…
  • Industry story on ‘How has the role of Director changed with changing times” ‘with Business World, November Edition. Read More…