Rajesh Aggarwal is an Associate Professor in Finance
and holds the US Bancorp Professorship in Financial Markets and
Institutions at the Carlson School of Management, University of
Minnesota. He conducts research on managerial incentives and executive
compensation, financial contracts and corporate finance, corporate
governance, mergers and acquisitions, initial public offerings, and
securities fraud. His research is published in top journals such as the Journal of Political Economy, the Journal of Finance, the Journal of Financial Economics, the Journal of Business, and the Journal of Money, Credit, and Banking. Aggarwal holds a BA in Economics from Yale University and a PhD in Finance and Economics from Harvard University.
"Detecting Performance Persistence in Fund Managers: Book Benchmark Alpha Analysis," Rajesh Aggarwal, Galin Georgiev, and Jake Pinato, Journal of Portfolio Management (Winter 2007).
"The Other Side of the Tradeoff: The Impact of Risk on Executive Compensation," Rajesh Aggarwal and Andrew A. Samwick, Journal of Political Economy (February 1999).
"Executive Compensation, Relative Performance Evaluation, and Strategic Competition: Theory and Evidence," Rajesh Aggarwal and Andrew A. Samwick, Journal of Finance (December 1999).
"Strategic IPO Underpricing, Information Momentum, and Lockup Expiration Selling," Rajesh Aggarwal, Laurie Krigman, and Kent Womack, Journal of Financial Economics (October 2002).
"Why Do Managers Diversify Their Firms? Agency Reconsidered," Rajesh Aggarwal and Andrew A. Samwick, Journal of Finance (February 2003).
"Performance Incentives Within Firms: The Effect of Managerial Responsibility," Rajesh Aggarwal and Andrew A. Samwick, Journal of Finance (August 2003).
"Stock Market Manipulations," Rajesh Aggarwal and Guojun Wu, Journal of Business (July 2006).
Corporate finance (empirical and theoretical)
MBA Elective Lecturer of the Year, Said Business School, Oxford University, 2002
Most Outstanding Full-time MBA Elective Faculty Member, Carlson School of Management, 2006
Economics of organizations
Microeconomics, including contract theory
Most Outstanding Full-time MBA Elective Faculty Member, Carlson School of Management, 2007
Optimal capital structure
Fraud and market manipulation