Presentation by Uday Rajan
Stephen M. Ross School of Business, University of Michigan

Uday Rajan’s research focuses on informational frictions such as adverse selection and moral hazard and their effect on market transactions, with recent work on the role of the board in the presence of activist investors and on the default behavior of subprime mortgages in the years before the financial crisis. Uday was a Vice President of Fixed Income Research at Drexel Burnham Lambert in the late 1980s, and received a PhD in Economics from Stanford University in 1995.

His research has been published in the American Economic Review, Journal of Finance, Journal of Financial Economics and Review of Financial Studies. He has received the GSAM award for best paper in the Review of Finance and the NYSE award for best paper on equity trading at the WFA meetings.