Professor of Finance
and Hillenbrand Distinguished Fellow

Thomas Chemmanur

Thomas J. Chemmanur is a professor in the
Seidner Department of Finance at the Boston
College Carroll School of Management. His
research spans theoretical and empirical
corporate finance, entrepreneurial finance and
innovation, contract theory, and applied game
theory.

Professor of Finance
and Hillenbrand Distinguished Fellow

Thomas Chemmanur

Thomas J. Chemmanur is a professor in the
Seidner Department of Finance at the Boston
College Carroll School of Management. His
research spans theoretical and empirical
corporate finance, entrepreneurial finance and
innovation, contract theory, and applied game
theory.

Professor of Finance
and Hillenbrand Distinguished Fellow

Thomas Chemmanur

Thomas J. Chemmanur is a professor in the Seidner Department of Finance at the Boston College Carroll School of Management. His research spans theoretical and empirical corporate finance, entrepreneurial finance and innovation, contract theory, and applied game theory.

Prior to joining Boston College, he was an associate professor of finance at the Graduate School of Business, Columbia University for several years. He has also taught at the Sloan School of Management, MIT, the Stern School of Business, New York University, and the Fuqua School of Business, Duke University. He received his Ph.D. in finance from the Stern School of Business, New York University.

His recent research has focussed on various aspects of the initial public offerings (IPOs) and seasoned issues of equity (SEOs); trading by institutions around various corporate events such as IPOs, SEOs, and stock splits; venture capital and angel financing contracts and various aspects of venture capital; corporate restructuring and the sources of firm value created by spin-offs, carve-outs, and tracking stock; the choice of firms between stock and cash payments in mergers and acquisitions; theoretical and empirical topics in capital structure; theoretical and empirical topics in dividend policy; theoretical and empirical topics in corporate governance and the relation between corporate governance and innovation; and finally, the disclosure requirements of various stock exchanges and the effects of competition and alliances (or acquisitions) between stock exchanges on the listing standards of these exchanges and the cross-listing decisions of firms.

Dr. Chemmanur has published several theoretical and empirical articles in the above and other topics in top finance journals such as the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, and the Journal of Financial and Quantitative Analysis, as well as other well-ranked finance and economics journals such as the Journal of Financial Intermediation, the Journal of Law and Economics, the Journal of Corporate Finance, the Journal of Banking and Finance, and Financial Management.

Chemmanur has recently served as an Associate Editor of the Review of Financial StudiesFinancial Management and other top finance journals. He is currently serving as an Associate Editor of several journals including the Journal of Banking and Finance, the Review of Quantitative Finance and AccountingInternational Review of Finance, and the Journal of Economics and Business. He has also previously served as editor of special issues of the Journal of Financial Intermediation and the Journal of Economics and Business. He has organized several top conferences on various topics in finance, including the conference on Entrepreneurial Finance and Innovation around the World sponsored by the Review of Financial Studies in Beijing in June 2015. He is currently co-organizing the annual Entrepreneurial Finance and Innovation Conference jointly sponsored by the Kauffman Foundation and Management Science.

He has served on the program committees of many national and international finance conferences such as the Western Finance Association Meetings and the European Finance Association Meetings for several years (and currently). His research has been presented at many top international conferences, and supported by grants from several national and international bodies. He holds a Ph.D. in finance from the Stern School of Business at New York University, MBA from Indian Institute of Management, and B. S. in mechanical engineering from Kerala University.

Prior to joining Boston College, he was an associate professor of finance at the Graduate School of Business, Columbia University for several years. He has also taught at the Sloan School of Management, MIT, the Stern School of Business, New York University, and the Fuqua School of Business, Duke University. He received his Ph.D. in finance from the Stern School of Business, New York University.

His recent research has focussed on various aspects of the initial public offerings (IPOs) and seasoned issues of equity (SEOs); trading by institutions around various corporate events such as IPOs, SEOs, and stock splits; venture capital and angel financing contracts and various aspects of venture capital; corporate restructuring and the sources of firm value created by spin-offs, carve-outs, and tracking stock; the choice of firms between stock and cash payments in mergers and acquisitions; theoretical and empirical topics in capital structure; theoretical and empirical topics in dividend policy; theoretical and empirical topics in corporate governance and the relation between corporate governance and innovation; and finally, the disclosure requirements of various stock exchanges and the effects of competition and alliances (or acquisitions) between stock exchanges on the listing standards of these exchanges and the cross-listing decisions of firms.

Dr. Chemmanur has published several theoretical and empirical articles in the above and other topics in top finance journals such as the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, and the Journal of Financial and Quantitative Analysis, as well as other well-ranked finance and economics journals such as the Journal of Financial Intermediation, the Journal of Law and Economics, the Journal of Corporate Finance, the Journal of Banking and Finance, and Financial Management.

Chemmanur has recently served as an Associate Editor of the Review of Financial Studies, Financial Management and other top finance journals. He is currently serving as an Associate Editor of several journals including the Journal of Banking and Finance, the Review of Quantitative Finance and Accounting, International Review of Finance, and the Journal of Economics and Business. He has also previously served as editor of special issues of the Journal of Financial Intermediation and the Journal of Economics and Business. He has organized several top conferences on various topics in finance, including the conference on Entrepreneurial Finance and Innovation around the World sponsored by the Review of Financial Studies in Beijing in June 2015. He is currently co-organizing the annual Entrepreneurial Finance and Innovation Conference jointly sponsored by the Kauffman Foundation and Management Science.

He has served on the program committees of many national and international finance conferences such as the Western Finance Association Meetings and the European Finance Association Meetings for several years (and currently). His research has been presented at many top international conferences, and supported by grants from several national and international bodies. He holds a Ph.D. in finance from the Stern School of Business at New York University, MBA from Indian Institute of Management, and B. S. in mechanical engineering from Kerala University.

Announcements

Currently organizing a conference in entrepreneurial finance supported by the Kauffman Foundation and the Society for Financial Studies in Boston, which will be held on June 14-15, 2010. There will be a special issue of the Review of Financial Studies associated with the conference (the papers will have to satisfy RFS reviewing standards); the special issue will be co-edited by myself and Paolo Fulghieri. Track Chair for Corporate Finance, Financial Management Association Meetings, New York, 2010. I organized the 2000 Journal of Financial Intermediation Symposium at Boston College on “New Technologies, Financial Innovation and Intermediation” (along with William Wilhelm, see the Call for Papers here). This was a large two day academic conference consisting of submitted papers selected based on blind two-person refereeing, and was attended by leading academic scholars in corporate finance (as well as prominent practitioners) from all over the U.S. and also international, including the editors of the Review of Financial Studies and the Journal of Financial Intermediation.

Currently organizing a conference in entrepreneurial finance supported by the Kauffman Foundation and the Society for Financial Studies in Boston, which will be held on June 14-15, 2010. There will be a special issue of the Review of Financial Studies associated with the conference (the papers will have to satisfy RFS reviewing standards); the special issue will be co-edited by myself and Paolo Fulghieri. Track Chair for Corporate Finance, Financial Management Association Meetings, New York, 2010. I organized the 2000 Journal of Financial Intermediation Symposium at Boston College on “New Technologies, Financial Innovation and Intermediation” (along with William Wilhelm, see the Call for Papers here). This was a large two day academic conference consisting of submitted papers selected based on blind two-person refereeing, and was attended by leading academic scholars in corporate finance (as well as prominent practitioners) from all over the U.S. and also international, including the editors of the Review of Financial Studies and the Journal of Financial Intermediation.

Thomas J. Chemmanur; Yingmei Cheng; Yuxin Wu; Tianming Zhang

Thomas J. Chemmanur; X. Tian

Thomas J Chemmanur, O. Bayar

Thomas J. Chemmanur; Michael B. Imerman; Harshit Rajaiya; Qianqian Yu

Thomas J. Chemmanur; J. He, S. He, and D. Nandy

Thomas J Chemmanur, Y. Jiao

Thomas J. Chemmanur; Manish Gupta; Karen Simonyan; Xiang Zheng

Thomas J. Chemmanur; Onur Bayar

Thomas J Chemmanur, K. Krishnan

Thomas J. Chemmanur; T. Hull; K.Krishnan

Thomas J. Chemmanur; E. Bajo, K. Simonyan, and H. Tehranian

Thomas Chemmanur, O. Bayar and M. H. Liu

Thomas J. Chemmanur; Dongmei Li; Kevin Tseng; Yu Wang

Thomas J. Chemmanur; Gang Hu; Yingzhen Li; Jing Xie

Thomas Chemmanur, K. Krishnan and D. Nandy

Thomas J. Chemmanur; Jie (Jack) He; Xiao (Shaun) Ren; Tao Shu

Thomas J. Chemmanur; Gang Hu; Chaopeng Wu; Shinong Wu; Zehao Yan

Thomas J Chemmanur; S. He

Thomas Chemmanur, J. He

Thomas J. Chemmanur; Pengfei Ma; Chaopeng Wu; Qianqian Yu

Thomas J. Chemmanur; Gang Hu; K.C. John Wei

Thomas J Chemmanur, O. Bayar and M. Liu

Thomas J. Chemmanur; Onur Bayar; Mark H. Liu

Thomas J Chemmanur, G. Hu and J. Huang

Thomas Chemmanur, Y. Jiao

Thomas J. Chemmanur; Onur Bayar; Harshit Rajaiya; Xuan Tian; Qianqian Yu

Thomas J. Chemmanur; Jiaqi Qin; Yan Sun; Qianqian Yu; Xiang Zheng

Thomas J Chemmanur, D. Nandy, A. Yan, and J. Jiao

Thomas Chemmanur, I. Paeglis and K. Simonyan

Thomas J. Chemmanur; Michael Imerman; Harshit Rajaiya; Qianqian Yu

Thomas J Chemmanur, X. Tian

Communicating Private Information to the Equity Market before a Dividend Cut: An Empirical Analysis,

Thomas Chemmanur, Y. Jiao and A. Yan

Thomas J. Chemmanur; Onur Bayar and Xuan Tian

Thomas J Chemmanur, E. Loutskina and X. Tian

Thomas Chemmanur, M. H. Liu

Institutional Trading, Information Production, and the Choice between Spin-Offs, Carve-Outs, and Tracking Stock Issues,

Thomas J. Chemmanur; Lei Kong, K. Krishnan, and Qianqian Yu

Thomas J Chemmanur, P. Fulghieri

Thomas Chemmanur, J. He, G. Hu and H. Liu

Thomas J. Chemmanur; Leo Ang Li; Mark Liu

Thomas J. Chemmanur; M. Ertugrul and K. Krishnan

Thomas J Chemmanur, K. Krishnan and D. Nandy

Thomas Chemmanur, I. Paeglis and K. Simonyan

Thomas J. Chemmanur; Yao Shen; Jing Xie

Thomas J. Chemmanur; An Yan

Thomas J Chemmanur, Z. Chen

Thomas J. Chemmanur; Andrea Signori; Silvio Vismara

Thomas J. Chemmanur; Viktar Fedaseyeu

Thomas J Chemmanur; Y. Cheng and T. Zhang

Thomas J. Chemmanur; Manish Gupta; Karen Simonyan

Thomas J Chemmanur, X. Tian

Thomas J Chemmanur; S. He and G. Hu

Thomas Chemmanur, P. Fulghieri

Thomas J Chemmanur; A. Yan

Thomas J Chemmanur; P. Fulghieri

Thomas J Chemmanur; I. Paelgis and K. Simonyan

Thomas J Chemmanur; B. D. Jordan, M. H. Liu, and Q. Wu

Thomas J Chemmanur; I. Paeglis and K. Simonyan

Thomas J Chemmanur; J. He and P. Fulghieri

Thomas J Chemmanur; P. Fulghieri

Thomas Chemmanur, I. Paeglis

Thomas Chemmanur, A. Yan

Thomas Chemmanur, W. Wilhelm

Thomas Chemmanur, I. Paeglis

Thomas Chemmanur, P. Fulghieri

Thomas Chemmanur, A. Ravid

Thomas Chemmanur, S. He and D. Nandy

Thomas Chemmanur, P.Fulghieri

Thomas Chemmanur, K. John

Thomas Chemmanur, P. Fulghieri

Privatization under Incomplete Information: Analysis of Equity Sale Strategies

Thomas J. Chemmanur, Karen Simonyan, Yu (Yvonne) Wang and Xiang Zheng

Thomas J. Chemmanur and Paolo Fulghieri

Thomas J. Chemmanur, Chayawat Ornthanalai and Xiang Zheng

Thomas J. Chemmanur, Cheng Jiang, Lukai Yang and Jingyu Zhang

Thomas J. Chemmanur, Harshit Rajaiya and Jinfei Sheng

Thomas J. Chemmanur and Paolo Fulghieri

Onur Bayar, Thomas J. Chemmanur, Christos Mavrovitis (Mavis) and Evangelos Vagenas-Nanos

Thomas J. Chemmanur, Karthik Krishnan and Qianqian Yu

Thomas J. Chemmanur, Karen Simonyan and Hassan Tehranian

Thomas J. Chemmanur, Jiekun Huang, Jing Xie and Yuyuan (Anthony) Zhu

Thomas J. Chemmanur and An Yan

Thomas J. Chemmanur, Dimitrios Gounopoulos, Panagiotis Koutroumpis and Yu Zhang

Thomas J. Chemmanur, Dequan Jiang, Weiping Li, Jeffrey Pittman and Zi-Tian Wang

Thomas J. Chemmanur, Karen Simonyan and Xiang Zheng

Thomas J Chemmanur, Karen Simonyan; Bihong Huang, Xuan Tian, and Bohui Zhang (editors)

Top Management Quality, Corporate Finance, and Corporate Innovation

Thomas J Chemmanur,Karthik Krishnan and Debarshi Nandy; Douglas Cumming (editor)

How Do Venture Capitalists Create Value for Entrepreneurial Firms? A Review of the Literature

Teaching

The Role of Angel Financing in Entrepreneurial Finance / Private Equity and Entrepreneurship on both sides of the Pacific

March 2021

Entrepreneurial Finance and Innovation: An Introduction and Agenda for Future Research

August 2015, July 15, 2014

European Finance Association (EFA) Meetings

2003–2005, 2007–Present, 2008

The Role of Institutional Trading in Corporate and Entrepreneurial Finance

December 2020

Olin Corporate Finance Conference

2007, 2008

Asian Finance Association Meetings

2008

Asian Finance Association, Doctoral Student Consortium

Kaufman Foundation Dissertation Fellowship

2006, 2007

Financial Management Association (FMA)

1994, 2004, 2005, 2006

Entrepreneurial Finance and Innovation Around the World

June 2015 (Updated June 12, 2015)

Committee to Nominate Fellows of the FMA

2015, 2016

European Meetings of the FMA

1999

Fourth Entrepreneurial Finance and Innovation (EFIC) Conference

June 2013

Finance Research Seminar

1998–2002

Third Entrepreneurial Finance and Innovation (EFIC) Conference

June 2012

Finance Wednesday Brown Bag Workshops

1998–2002

Second Entrepreneurial Finance and Innovation (EFIC) Conference

June 2011

Finance Seminar Series

1995–1996

First Entrepreneurial Finance and Innovation (EFIC) Conference

June 14–15, 2010

2000 Journal of Financial Intermediation (JFI) Symposium

May 2000

FMA Meetings (Corporate Finance)

October 2010

Western Finance Association (WFA) Meetings

1994–Present

Financial Intermediation and Research Society (FIRS)

2007–Present

Society for Financial Studies (SFS) Cavalcade

2010–Present

Econometric Society Winter Meetings

1992, 2011

Financial Management Association (FMA) Meetings

1998

The Economics of Patent Licensing: Theory and Evidence on the Determinants and Consequences of Patent Licensing Transactions, ASSA (Econometric Society session)

2026

Financial Management Association Meetings

2002, 2006-2008, 2010

Financial Management Association, New Orleans

2019

American Finance Association

2011-2012, 2014, 2016, 2019-2022, 2026

Financial Intermediation Research Society

2010

Financial Management Association Meetings, New York

2010

Financial Intermediation Research Society (FIRS) Annual Meetings

2024

American Finance Association Meetings

1992, 2003, 2006, 2010

Western Finance Association, San Diego

2009

The Effect of Student Loans on Entrepreneurial Firm Risk-taking, Performance, and Access to Venture Capital with Implications for the Biden Administration’s Student Loan Forgiveness Program, ASSA (AFE/AEA session)

2024

FIRS Conference

2008-2009

FIRS Conference, Prague, Czech Republic

2009

European Finance Association

2003, 2006, 2012, 2014, 2023

RICAFE Conference in Entrepreneurial Finance

2008

ASSA (AFE/AEA session)

2022, 2024

European Finance Association Meetings

1991, 1996-1997, 2005, 2007-2008

Midwest Finance Association

2020-2022

Western Finance Association Meetings

1993, 2007

European Financial Management Association

2022

Northern Finance Association Meetings

2007

Western Finance Association,

2022

Hong Kong Institute of Science and Technology (HKUST) Finance Symposium

2005

Financial Management Association

2005, 2018-2022

Southern Finance Association

2005

American Accounting Association

2021

Journal of Financial Intermediation Symposium

2005

Northern Finance Association

2018, 2020-2021

Pacific Basin Finance Conference

2005

Eastern Finance Association

2021

Washington Area Finance Conference

2005

Midwest Finance Association Meetings

2019

Asian Corporate Governance Conference

2005

Western Finance Association

2009, 2014, 2018

Econometric Society North American Winter Meetings

2003

Press

Trademarks protect market opportunities and increase valuations for startups, study shows

Radio Interivew on Stock Splits done for Market Place Program on Public Radio: September 19, 2013

What Are We to Make of Dual Class Share Structures in Tech IPOs?

Trademarks in Entrepreneurial Finance

Massachusetts startups attracting billions in funding in record-breaking 2021

Institutional Investors and the Information Production Theory of Stock Splits

Academic Honors, Awards, & Grants

Other Initiatives

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