Praveen Kumar

Texas Bank of Commerce/Tenneco Professor and Chair, Executive Director of UH-GEMI.

Praveen Kumar

Bio

Professor Kumar received his Ph.D. in Economics from Stanford University. Prior to joining the UH faculty in 1996, Professor Kumar served on the faculty of the Graduate School of Industrial Administration at Carnegie Mellon University. Professor Kumar's teaching interests include corporate finance and risk-management, real options and project valuation, and trading and market microstructure. He is the recipient of the University of Houston Teaching Excellence Award and the Award for Excellence in the Classroom from Carnegie-Mellon University.

Dr. Kumar's research interests focus on the role of asymmetric information in financial markets, financial market microstructure, risk-management, and industrial organization. His research has been widely published in leading finance, economics, and management journals, and has also been discussed in major business publications like Business Week, Wall Street Journal, and Financial Times. He has received numerous awards for the research such as the Chicago Board of Trade Award for the Best Paper in Options and Futures at the Western Finance Association Meeting. He was also the runner-up for the Merton Miller Award for the best paper in the Journal of Business, and a nominee for the Smith-Kline Award for the best paper in the Journal of Finance.

Professor Kumar has taken a leading academic role in the establishment of the Global Energy Management Institute at the Bauer College of Business. He has also consulted widely with major investment banks, energy corporations, and international lending institutions such as the World Bank.

Research Interests

  • Analyses of the Impact of Asymmetric Information on Asset Pricing
  • Corporate Financial Policies and Governance
  • Market Microstructure
  • Incentives and Strategy Design in Organizations
  • Industrial Organization

Areas of Expertise

  • Corporate Finance
  • Real Options
  • Investments
  • Industrial Organization
  • Contract Theory

Publications

  • Estimation Risk, Information, and the Conditional CAPM: Theory and Evidence, (with S. Sorescu, R. D. Boehme, and B. Danielsen), Review of Financial Studies, 2008 (Lead Article).
  • Corporate Fraud and Investment Distortions in Efficient Capital Markets, (with N. Langberg), Rand Journal of Economics, 2008.
  • Who Monitors the Monitor? The Effect of Board Independence on Executive Compensation and Firm Value, (with K. Sivaramakrishnan), Review of Financial Studies, 2008.
  • Optimal Patenting and Licensing of Financial Innovations, (with S. Turnbull), Management Science, 2008.
  • Takeovers, Market Monitoring, and International Corporate Governance, (with L. Ramchand), December 2007, Rand Journal of Economics, 2008.
  • Agency Costs and Corporate Investment: The Role of Executive Compensation and Corporate Governance,” (with S. Kang and H. Lee), Journal of Business,2006.
  • Intertemporal Price-Quality Competition and the Coase Conjecture, Journal of Mathematical Economics, 2006.
  • Managerial Entrenchment and Payout Policy, (with A. Hu), Journal of Financial and Quantitative Analysis, 2004.

Contact Info

Phone:
713-743-4770
Email:
pkumar@uh.edu
Room:
220H
Website:
Visit Web Site

Education

Ph.D.
Stanford University
MPA
Princeton University