Wayne State University School of Business Administration

Ranjan D’Mello

Associate Professor of Finance

rdmello@wayne.edu
(313) 577-7828

Academic Degrees

  • Ph.D. The Ohio State University, 1995
  • MBA The Ohio State University, 1990
  • M.Com, Sydenham College, 1988
  • B.Com, Sydenham College, 1986

Teaching Interests

  • Corporate Finance
  • Derivatives

Research Interests

  • Corporate Finance
  • Agency Theory
  • Payout Policy
  • Market Microstructure

Publications & Presentations

Publications

  • Long-term Debt and Overinvestment Agency Problem, 2009, Ranjan D’Mello and Mercedes Miranda, Journal of Banking and Finance, 34, 324-335.
  • Executive Compensation and Internal Capital Market Efficiency, 2009, Sudip Datta, Ranjan D’Mello, and Mai-Iskandar-Datta, Journal of Financial Intermediation, 18, 242-258.
  • Determinants of Corporate Cash Holdings: Evidence from Spin-offs, 2008, Ranjan D’Mello, Sudha Krishnaswami, and Patrick Larkin, Journal of Banking and Finance, 32, 1209-1220.
  • A Comparative Analysis of the Proxies for Optimal Capital Structure, 2008, Ranjan D’Mello, Joseph Farhat, Review of Financial Economics, 17, 213-227.
  • The Tax-Loss Selling Hypothesis, Market Liquidity, and Price Pressure around the Turn-of-the-Year, 2003, Ranjan D’Mello, Stephen Ferris and Chuan-Yang Hwang, Journal of Financial Markets, 6, 73-98.
  • Does the Sequence of Seasoned Equity Offerings Matter?, 2003, Ranjan D’Mello, Oranee Tawatnuntachai and Devrim Yaman, Financial Management, 32, 59-86.
  • Why do Firms Issue Equity after Splitting Stocks?, 2003, Ranjan D’Mello, Oranee Tawatnuntachai and Devrim Yaman, Financial Review, 38, 323-350 (summarized in the CFA Digest, 34,1).
  • Intra-Industry Reactions to Stock Split Announcements, 2002, Oranee Tawatnuntachai and Ranjan D’Mello, Journal of Financial Research, 25, 39-57.
  • Forced versus Voluntary Dividend Reduction; An Agency Cost Explanation, 2001, Ranjan D’Mello, Tarun Mukherjee, and Oranee Tawatnuntachai, Financial Review, 36, 1-22.
  • Capital Rationing Decisions of Fortune 500 Firms – Part II, 2001, Tarun Mukherjee, Kent Baker, and Ranjan D’Mello, Financial Practice and Education, 10, 69-77.
  • Equity Undervaluation and Decisions Related to Repurchase Tender Offers: An Empirical Investigation, 2000, Ranjan D’Mello and Pervin Shroff, Journal of Finance, October, 55, 2399-2424.
  • The Information Effects of Analysts Activity at the Announcement of New Equity Issues, 2000, Ranjan D’Mello and Stephen Ferris, Financial Management, 29, 78-95.
  • Fact and Fiction in Financial Analyst Forecasting, 2000, Ranjan D’Mello and Stephen Ferris, Corporate Finance Review, 5, 26-32.

Presentations

  • Financial Management Association, 2007, “Executive Compensation and Internal Capital Market Efficiency” and “Debt and the Overinvestment Agency Problem”.
  • Eastern Finance Association, 2007, “A Comparative Analysis of Proxies for the Target Capital Structure”.
  • Southwestern Finance Association, 2006, “A Comparative Analysis of Proxies for the Target Capital Structure”, Best Paper Award.
  • Financial Management Association, 2004, “A Comparative Analysis of Proxies for the Target Capital Structure”, Ranjan D’Mello and Joseph Farhat.
  • Financial Management Association, 2003, “Cash Allocation and the Spin-off Decision”.
  • Financial Management Association, 2002, “Do Corporate Spin-offs Lower Cost of Equity?” and “Does the Sequence of Seasoned Equity Offerings Matter?”
  • Financial Management Association, 2001, “A Simple Test of Overconfidence in a Model of Disclosures about Insider Trades” and “Why do Firms Split Stocks Before Issuing Equity?”
  • Financial Management Association, 2000, “The Market’s Response, Sequence of Seasoned Equity Issues, and Information Asymmetry”.
  • Financial Management Association, 1999, “The Information Effects of Analysts Activity at the Announcement of New Equity Issues”.
  • Financial Management Association, 1998, “Impact of Institutional Ownership on the Post-Offering Performance of Seasoned Equity Issues”.
  • Financial Management Association, 1997, “Managerial Discretion and Dividend Reduction Policy; The Agency Cost Hypothesis” and “Firm Value Explanation for Repurchase Tender Offers and Tender Premiums: An Empirical Investigation”.
    Midwest Finance Conference, 1995, “Managerial Discretion and Dividend Reduction Policy; The Agency Cost Hypothesis”.

Professional Memberships

  • FMA
  • AFA