Anand M. Vijh
Introduction
Hello. I am Anand M. Vijh, Marvin and Rose Lee Pomerantz Chair Professor in Finance in Tippie College of Business at University of Iowa. I received my Ph.D. from University of California at Berkeley in 1987 and was first employed at University of Southern California. I have been employed at University of Iowa since 1994. My research interests are diverse: Corporate Finance, Investments, Derivatives, and Financial Accounting. I have many publications in top three finance and accounting journals in all of these areas. My particular area of emphasis has been in mergers and acquisitions and other forms of corporate restructurings. My teaching has also been diverse, and has included courses in managerial finance, investments, derivatives, international finance, and short seminars. I have been actively represented on many department, college, and university committees, in particular, promotion and tenure, curriculum design, recruiting, and faculty benefits.
Current Positions
- Professor, Finance
- Marvin and Rose Lee Pomerantz Chair in Finance, Finance
Education
- PhD in Finance, University of California-Berkeley
- MBA, Indian Institute of Management
- BTech in Mechanical Engineering, Indian Institute of Technology Delhi
Research Interests
- Corporate Finance, Investments, Mergers and Acquisitions, Stock Repurchases, Detecting Earnings Management
Selected Publications
- Desai, C. A. & Vijh, A. (In Press). (2025). Firm Re(Valuation) and Payouts. Journal of Financial Research.
- Vijh, A. & Wang, J. (2022). Negative returns on addition to the S&P 500 index and positive returns on deletion? New evidence on the attractiveness of S&P 500 versus S&P 400 indexes. Financial Management. 51 (4) pp. 1127-1164.
- Meng, B. & Vijh, A. (2021). Stock Merger Activity and Industry Performance. Journal of Banking and Finance. 129 (Article nu) pp. 1-22.
- Nain, A. & Vijh, A. (2021). Do managers provide misleading earnings forecasts before stock repurchases?. Financial Management. 50 (4) pp. 1013-1046.
- Collins, D. W., Pungaliya, R. S., & Vijh, A. M. (2017). The effects of firm growth and model specification choices on tests of earnings management in quarterly settings. The Accounting Review. 92 (2) pp. 69-100.
- Elkamhi, R., Pungaliya, R. S., & Vijh, A. M. (2014). What do credit markets tell us about the speed of leverage adjustment?. Management Science. 60 pp. 2269-2290.
- Vijh, A. M. & Yang, K. (2013). Are small firms less vulnerable to overpriced stock offers?. Journal of Financial Economics. 110 (1) pp. 61-86.
- Cai, J. & Vijh, A. M. (2007). Incentive effects of stock and option holdings of target and acquirer CEOs. The Journal of Finance. 61 pp. 1891-1933.
- Vijh, A. M. (2006). Does a parent-subsidiary structure enhance financing flexibility?. The Journal of Finance. 61 pp. 1337-1360.
- Cai, J. & Vijh, A. M. (2005). Executive stock and option valuation in a two state-variable framework. Journal of Derivatives. 12 pp. 9-27.
Selected Presentations
- "Do managers provide misleading earnings forecasts before stock repurchases?," Guest/Invited Speaker at University of Oklahoma, Norman, Oklahoma, April 2018.
- "Stock merger activity and industry performance," Accepted Speaker at Auckland Finance Meetings, Queenstown, New Zealand, December 2017.
- "Stock merger activity and industry performance," Guest/Invited Speaker at Iowa State University, Ames, Iowa, April 2017.
- "Stock merger activity and industry performance," Guest/Invited Speaker at University of Alabama, Tuscaloosa, Alabama, April 2017.
- "Do managers provide misleading earnings guidance before stock repurchases?," Guest/Invited Speaker at University of Iowa, Iowa City, Iowa, February 2016.
- "Do managers provide misleading earnings guidance before stock repurchases?," Guest/Invited Speaker at University of Iowa, Iowa City, Iowa, November 2015.
- "Are small firms less vulnerable to overpriced stock offers?," Guest/Invited Speaker at Renmin University of China, Beijing, China, November 2012.
- "Are small firms less vulnerable to overpriced stock offers?," Guest/Invited Speaker at Shanghai Advanced Institute of Finance (SAIF), Shanghai, China, November 2012.
- "Are small firms less vulnerable to overpriced stock offers?," Guest/Invited Speaker at Financial Management Association Annual Meeting, Atlanta, Georgia, October 2012.
- "Are small firms less vulnerable to overpriced stock offers?," Guest/Invited Speaker at University of Iowa, Iowa City, Iowa, September 2012.