Dr. Ajay Patel

Area Chair; Thomas S. Goho Chair in Finance; Professor

OFFICE: Farrell 316

BIOGRAPHY

Dr Patel joined Wake Forest University in 1993. While at Wake Forest, he has served as Associate Dean for Faculty and Alumni Affairs (2002 - 2004) and Interim Dean and Dean (2003 - 2008) of the Babcock Graduate School of Management. He served as the Director of the Center for Enterprise Research and Education between 2010 and 2015. He served as Faculty Director for Global Business Outreach between 2008 and 2014. He currently serves as Area Chair of the Finance & Economics Areas. Previously, between 2016 and 2022, he served as the Area Chair for the Accounting and Finance areas. Since 2015 he has served as Chair of the Tenured Faculty in the School of Business.

Dr. Patel's research work has been widely published in scholarly journals and has won eight awards from academic associations and two from practitioner associations. His research has focused on compensation and conflicts of interest, cross-border M&A, and the impact of security offerings on valuation and firm performance, bank capital, capital structure and risk taking by financial institutions and the liquidity holdings of non-financial firms.

As Director of the Center for Enterprise Research and Education, he worked with an interdisciplinary team of faculty studying the role of culture, gender, religion and community on the development of microentreprises into small and medium sized businesses in emerging economies. Their research study was focused in Nicaragua.

As Faculty Director of Global Business Outreach between 2008 and 2014, he worked with graduate business students and faculty in providing training on business skills to owners of microenterprises and small and medium sized businesses that are of importance in starting, managing and growing a business. They went to Nicaragua three times a year between 2007 and 2014. They provided training to artisans in Benin between 2008 and 2010 and worked with Hispanic business owners in Winston-Salem, NC between 2012 and 2014.

During his tenure at the Babcock School, he has received the Educator of the Year Award thirteen times across the Full-Time, Winston Evening, Charlotte Evening and Fast Track Executive MBA programs. He has also received the Kienzle Teaching Award, given by alumni to the faculty member who represents the highest standards of teaching excellence. He was also recognized as the Teacher of the Year three times by graduates of the MBA program at the University of Missouri prior to joining Wake Forest University.

Dr. Patel has consulted for or done Executive Education programs for American Express, Baxter-Harris Company, Inc., BB&T, Cerner Corporation, Driven Brands, Duke Energy, Georgia Banking School, Lexington Furniture Industries, McBride, Baker and Coles, Moody's Investors Service, PriceWaterhouseCoopers, Stephens, Inc., Wachovia, and Wells Fargo.

Dr. Patel served on the Board of Trustees of the Financial Management Association International (FMA) between 2014 and 2024. Between 2020 and 2023, he served as Chair of the Board of Trustees of the FMA. He currently serves on the Finance Committee of Greater Winston-Salem, Inc. He has served as a member of the Board of Directors, or Board of Advisors, for Amarr Garage Doors, Altadonics, Aigis Mechtronics, The Collaborative Design Group, the Winston-Salem Chamber of Commerce, Winston-Salem Business Inc., Winston-Salem Industrial Development Corporation, the Center for Design Innovation, and the Southern Finance Association. He served as the Secretary/Treasurer of FMA between 2002 and 2012. He has also served on the Campaign Cabinet for the United Way of Forsyth County.

HONORS

2019 - 2019 Service MVP Award, School of Business
2018 - Emerald Best Research Paper Award (3rd place), India Finance Conference 2018
2017 - 2017 Service MVP Award, School of Business
2014 - Educator of the Year, School of Business, Resident MBA Program
2013 - Best Paper Award, India Finance Conference 2013
2012 - Educator of the Year, Schools of Business, Resident MBA Program
2012 - Best Paper Award, India Finance Conference 2012
2012 - In Grateful Recognition of Dedication to Excellence, Financial Management Association International
2011 - Educator of the Year, Schools of Business, Resident MBA Program
2004 - Educator of the Year, Babcock Graduate School of Management, Resident MBA Program
2003 - Best Paper Award, Annual European Meeting of the Financial Management Association International
2002 - Educator of the Year, Babcock Graduate School of Management, Resident MBA Program
2002 - Recognition for Faculty Excellence, Babcock Graduate School of Management, Fast-Track MBA Program
2001 - Kienzle Teaching Award, Babcock Graduate School of Management
2000 - Educator of the Year Award, Babcock Graduate School of Management, Resident MBA Program
2000 - Outstanding Faculty Award, Babcock Graduate School of Management, Charlotte MBA Program
1999 - Educator of the Year Award, Babcock Graduate School of Management, Resident MBA Program
1999 - Third Prize, I/B/E/S Global Research Competition
1998 - Educator of the Year Award, Babcock Graduate School of Management, Resident MBA Program
1997 - Best Paper Award, Chicago Quantitative Alliance/IBES Academic Competition
1997 - Educator of the Year Award, Babcock Graduate School of Management, Resident MBA Program
1997 - Outstanding Faculty Award, Babcock Graduate School of Management, Charlotte MBA Program
1996 - Educator of the Year Award, Babcock Graduate School of Management, Evening MBA Program
1995 - Outstanding Paper in Corporate Finance, Annual Meeting of the Southern Finance Association
1993 - Outstanding Paper in Investments, Annual Meeting of the Southern Finance Association
1993 - Outstanding Teacher of the Year Award, University of Missouri, MBA Program
1992 - Outstanding Paper in Corporate Finance, Annual Meeting of the Midwest Finance Association
1992 - Outstanding Paper in International Finance, Annual Meeting of Southern Finance Association
1992 - Outstanding Teacher of the Year Award, University of Missouri, MBA Program
1991 - Outstanding Teacher of the Year Award, University of Missouri, MBA Program

IN THE MEDIA

November 14, 2024 - Installment Loans , WalletHub| more information
October 29, 2024 - Best Credit Cards for Fair-Credit , WalletHub| more information
September 10, 2024 - Best Small Business Cards , FinanceBuzz| more information
August 12, 2024 - ?Demand like never before.' Why millions are flowing to NC charter schools from investors , Yahoo.Finance.Com| more information
August 12, 2024 - ?Demand like never before.' Why millions are flowing to NC charter schools from investors , The Charlotte Observer| more information
June 1, 2024 - Game Changer: Tobacco once was the common bond , Winston-Salem Journal| more information
May 20, 2024 - Money Market Accounts: What are they and how do they work? , CNN Underscored| more information
April 24, 2024 - Expert Advice on Best Business Credit Cards , MoneyGeek| more information
January 4, 2024 - The Pros and Cons of 0% APR Credit Cards , MoneyGeek| more information
November 30, 2023 - Debt Consolidation Loans , WalletHub| more information
October 15, 2023 - Senior Citizens to Receive Slight Boost in 2024 Social Security Checks , The Puck Drop| more information
October 11, 2023 - Seniors get slight boost for 2024 Social Security checks , Fox Business News
April 25, 2023 - The best credit cards , WalletHub| more information
September 6, 2022 - What is Secured Overnight Financing Rate (SOFR)? How Does it Work? , Forbes| more information
April 21, 2022 - LAYING DOWN ROOTS Why banks are using branch strategy to build Charlotte market presenc , Charlotte Business Journal| more information
March 25, 2022 - Making a Market: Why Charlotte suddenly emerged last year as the state's driving force for IPOs , Charlotte Business Journal| more information
March 4, 2022 - What TD Bank's $13.4B deal with First Horizon could mean for Charlotte operations , Charlotte Business Journal| more information
February 18, 2022 - The Best Cashback Credit Cards , MoneyGeek| more information
February 18, 2022 - The Best Rewards Credit Cards , MoneyGeek| more information
February 8, 2022 - HSBC's Elite credit card , WalletHub| more information
December 10, 2021 - How Bank of America's Leadership Changes, Tech Investments Have Set it up for Big Year in 2022 , Charlotte Business Journal| more information
December 10, 2021 - How Market Shift is Hitting Jobs at Bank of America , Charlotte Business Journal| more information
April 7, 2021 - Use of Secured Business Credit Cards , WalletHub| more information
March 19, 2021 - SOFR Is Coming: What Is The Secured Overnight Financing Rate? , Forbest Advisor| more information
March 17, 2021 - Bank of America, other firms face call for audit of racial equity policies , Charlotte Business Journal| more information
December 7, 2020 - One year later: How Truist Financial performed since BB&T-SunTrust merger and where it plans to go next , Charlotte Business Journal| more information
December 3, 2020 - Why Red Ventures' latest acquisition made sense despite travel-industry slump , Charlotte Business Journal| more information
November 18, 2020 - Fifth Third CEO Greg Carmichael talks reasons behind bank's recent C-suite shake-up , Charlotte Business Journal| more information
November 2, 2020 - Experts weigh in on Tuesday election's potential effects on banking regulations, taxes , Charlotte Business Journal| more information
September 22, 2020 - How Bank of America is driving diversity in a historically exclusive industry , Charlotte Business Journal| more information
September 14, 2020 - Why Red Ventures $500M deal with ViacomCBS made sense - and what it means for the Charlotte area , Charlotte Business Journal| more information
July 16, 2020 - How Charlotte's Big Banks are Facing Up to Pandemic Problems , Charlotte Business Journal| more information
July 7, 2020 - Impact of Coronavirus on individual credit scores , WalletHub.com| more information
May 7, 2020 - Impact of Coronavirus on individual credit scores , WalletHub.com| more information
May 6, 2020 - Shareholder Proposal Separating Truist's CEO, Chairman Roles Had Support But Didn't Pass. Experts Weigh In. , Charlotte Business Journal| more information
April 24, 2020 - How banks are playing a different role in the latest crisis , Charlotte Business Journal| more information
April 24, 2020 - How Covid-19 has changed business for Charlotte's community banks , Charlotte Business Journal| more information
February 7, 2019 - Winston-Salem reacts to BB&T departure , Triad Business Journal| more information
February 7, 2019 -When it comes to big bank deals, Charlotte's been a winner ? mostly , Charlotte Business Journal| more information
February 7, 2019 -Winston-Salem Reacts to BB&T's pending merger and move , WFDD & NPR| more information
January 22, 2019 - U.S. companies are rolling in cash, and they're growing increasingly fearful to spend it , San Antonio Business Journal| more information
January 17, 2019 - U.S. companies are rolling in cash ? and fearful to spend it , Memphis Business Journal| more information
January 15, 2019 - U.S. companies are rolling in cash. See where Philadelphia-area companies stand.These 15 Colorado public companies entered Q4 flush with cash. Here's what they're doing with it. , Denver Business Journal| more information
December 20, 2018 - U.S. companies are rolling in cash. See where Philadelphia-area companies stand. , Philadelphia Business Journal| more information
December 12, 2018 - THE GREAT CA$H STASH , Los Angeles Business Journal| more information
December 12, 2018 - US Companies are Hoarding Cash - Including Some in Charlotte - and They're Growing Increasingly Fearful to Spend It , Charlotte Business Journal| more information
October 29, 2018 - Comparing Credit Cards: Ask the Experts , Wallet Hub| more information
March 2, 2018 - The Price is Wrong: Why merger activity is slowing in Charlotte and, well, everywhere , Charlotte Business Journal| more information
February 5, 2018 - The Price is Wrong: Why merger activity is slowing in the U.S. and, well, everywhere , The Business Journals| more information
July 13, 2017 - Corporate America is sitting on trillions in cash. Here's who has the most dry powder in Portland , Portland Business Journal| more information
July 4, 2017 - Company moved market with 'fake news' stories, SEC alleges , My San Antonio| more information
July 4, 2017 - Company moved market with "fake news" stories, SEC alleges , Denver Post| more information
July 4, 2017 - Allegations of ?fake news' stretch beyond politics , The Washington Post| more information
July 4, 2017 - Company moved market with 'fake news' stories, SEC alleges , St. Louis-Post Dispatch| more information
July 4, 2017 - Actress' firm paid for fake news articles to bump up company's stock prices, SEC alleges , New Orleans Business News| more information
February 28, 2017 - Could Fake News Affect Your Finances? , Yahoo News| more information
February 28, 2017 - Could Fake News Affect Your Finances? , US News & World Report| more information
February 28, 2017 - Could Fake News Affect Your Finances? , US News| more information
February 15, 2017 - Meet the people making money on Charlotte's grocery delivery services , The Charlotte Observer| more information
January 17, 2017 - Reynolds American to Merge with British American Tobacco , Time Warner Cable News| more information
May 27, 2016 - Leading in a Changing World , Charlotte Business Journal| more information
May 10, 2016 - Deal could fuel Krispy Kreme's growth through capital, coffee industry insight , Triad Business Journal| more information
May 9, 2016 - Sweet Deal? Krispy Kreme Is Being Acquired By German Conglomerate , WUNC| more information
May 15, 2015 - A job marked by constant change, challenge , Charlotte Business Journal| more information
January 22, 2015 - Analyst: Can Dollar Tree turn struggling Family Dollar around? , Charlotte Business Journal| more information
January 9, 2015 - Uncertainty around Family Dollar's future driving defections at HQ , Nashville Business Journal| more information
January 8, 2015 - Family Dollar CEO: Merger turmoil drives management defections at HQ , Charlotte Business Journal| more information
November 21, 2014 - What's in store for Dollar General bid? , Charlotte Business Journal| more information
November 20, 2014 - Has Dollar General's hostile takeover of Family Dollar hit a snag? , Nashville Business Journal| more information
November 19, 2014 - Has Dollar General's hostile takeover of Family Dollar hit a snag? , Charlotte Business Journal| more information
September 5, 2014 - What's Dollar General's next move in battle to acquire Family Dollar? , Nashville Business Journal| more information
September 5, 2014 - What's Dollar General's next move in battle to acquire Family Dollar? , Charlotte Business Journal| more information
September 5, 2014 - Dollar General raises the stakes in bid for Family Dollar , Charlotte Business Journal| more information
September 3, 2014 - What's next in Dollar General's quest for Family Dollar? , Nashville Business Journal| more information
September 2, 2014 - What's next in Family Dollar acquisition saga? , Charlotte Business Journal| more information
August 28, 2014 - Is Dollar General really committed to acquiring Family Dollar? , Nashville Business Journal| more information
August 28, 2014 - Is Dollar General really committed to acquiring Family Dollar? , Charlotte Business Journal| more information
August 21, 2014 - Analysts: Dollar General must address antitrust concerns to win Family Dollar , Charlotte Business Journal| more information
August 18, 2014 - Will there be a bidding war for Family Dollar? , Charlotte Business Journal| more information
August 18, 2014 - With new bid from Dollar General, Family Dollar's future in Charlotte looks bleak , Charlotte Business Journal| more information
August 8, 2014 - Family Dollar talk heats up , Charlotte Business Journal
August 5, 2014 - Dollar General-Family Dollar speculation a win-win for shareholders , Charlotte Business Journal| more information
August 5, 2014 - Family Dollar shares up amid speculation of possible Dollar General bid , Charlotte Business Journal| more information
July 29, 2014 - Family Dollar CEO: Acquisition represents huge milestone, provides opportunity , Charlotte Business Journal| more information
July 29, 2014 - Family Dollar CEO Howard Levine here to stay ? for now , Charlotte Business Journal| more information
July 28, 2014 - Is Family Dollar still in play? , Charlotte Business Journal| more information
July 5, 2014 - Scene and Heard: A Good Place to Call Home , Winston Salem Journal| more information
July 4, 2014 - Joyful Fourth for New Citizens at Old Salem , Winston Salem Journal| more information
June 27, 2014 - Change the Only Option at Family Dollar? , Charlotte Business Journal| more information
June 24, 2014 - Will soaring Family Dollar stock prices stave off a takeover? , Charlotte Business Journal| more information
June 13, 2014 - Pressure is growing on Family Dollar , Charlotte Business Journal| more information
June 10, 2014 - Analysts: Family Dollar faces possible hostile takeover, management shake-up , Charlotte Business Journal| more information
June 1, 2014 - Still a Long Way to Go , Winston Salem Journal| more information
April 25, 2014 - Duke Energy faces challenge on cleanup costs , Charlotte Business Journal| more information
April 9, 2014 - "Culture Matters" wins best paper award , Gabelli Connect, Fordham University| more information
January 31, 2014 - Family Dollar's growth strategy is under pressure , Charlotte Business Journal| more information
January 31, 2014 - How the market is reacting to Family Dollar CEO , Charlotte Business Journal| more information
January 14, 2014 - INDE firma alianza para apoyar Mipymes , El Nuevo Diario| more information
January 14, 2014 - INDE firma convenio de colaboracion con la universidad Wake Forest , El Cronista Digital | more information
January 14, 2014 - INDE fortalece Pymes nacionales , Bolsa de Noticias
January 13, 2014 - , INDE's website| more information
December 6, 2013 - Battle for market share across Charlotte retail sectors , Charlotte Business Journal| more information
October 7, 2013 - Family Dollar adds Montana store, plans future growth , Charlotte Business Journal| more information
July 12, 2013 - Kroger deal for Harris Teeter would deliver growth to NC , Charlotte Business Journal| more information
July 9, 2013 - Will Kroger's bid for Harris Teeter hold up? , Charlotte Business Journal| more information
July 5, 2013 - Harris Teeter's rising stock price could impact sale , Charlotte Business Journal| more information
December 16, 2012 - Avoiding a ?cliff' tax hike: Early dividends coming from some companies , Winston-Salem Journal| more information
November 30, 2012 - N.C. companies pay dividends early to avoid fiscal cliff , Charlotte Observer| more information
March 26, 2012 - Escuela de negocios para Mipyme nicas , El Nuevo Diario| more information
March 22, 2012 - Women head small and medium businesses in Nicaragua , Embassy of Nicaragua/Nicaragua News
March 20, 2012 - Miedo al credito , La Prensa| more information
March 20, 2012 - MUJERES PREVALECEN AL FRENTE DE LAS PYMES: , MONITOREO PRENSA ESCRITA| more information
March 19, 2012 - Presentan informe sobre Mipymes , El Nuevo Diario| more information
March 19, 2012 - Pymes aprenden de la Wake Forest , La Prensa| more information
March 13, 2012 - Mike's Gringo Life| more information
January 1, 2012 - , Canal 2| more information
December 2, 2011 - Inde firma convenio con universidad norteamericana , El Nuevo Diario| more information
October 7, 2011 - Family Dollar ramps up growth, adding 500 stores , Charlotte Business Journal| more information
July 15, 2011 - Family Dollar draws investors , Charlotte Business Journal| more information
April 3, 2008 - - "Wake Forest University's Project Nicaragua expands reach to Africa,". , Carolina Newswire| more information
November 15, 2007 - "Wake Forest's Patel drives biz school up rankings," , IndUS Business Journal
June 10, 2007 - "MBA Challenge: Babcock graduate school at Wake Forest wants a 20 percent minority enrollment," , Winston-Salem Journal
October 11, 2006 - "Consultant leaves BofA to help businesses in poor areas," , Charlotte Observer
September 15, 2006 - "Curiosity Becomes Capital," , Greater Charlotte Biz| more information
October 1, 2004 - "Interview: Dr. Ajay Patel, Dean of Babcock," , Global Educator. Dr.| more information
September 12, 2004 - "Learning Leadership" , News & Record
September 12, 2004 - "Business Milestones" , Winston-Salem Journal
July 1, 2004 - "Abroad and at helm of affairs," , Telegraph| more information

RESEARCH INTERESTS

Corporate Governance
Analysts and Conflicts of Interest
National Culture and Executive Compensation
Culture and Entrepreneurship
liquidity

TEACHING INTERESTS

Financial Management
Intermediate Financial Management
Advanced Financial Management
Valuation, Restructuring and Risk Management
Financial Management Policy
Corporate Finance.

EDUCATION

Ph D, University of Georgia (Finance) - 1987
MBA, University of Baltimore- 1982
B. Sc, St. Josephs College (Chemistry, Botany and Zoology) - 1978

PUBLICATIONS

Journal of Business Research

Cultural Tightness Emancipation and Venture Profitability: An International Experience Lens

Pidduck, R. , Hechavarria, D. , & Patel, A. (2024)

Journal of Financial Stability

Liquidity and Bank Capital Structure

Patel, A. , Sorokina, N. , & Thornton, J. H. (2022)

Journal of Insurance and Financial Management

The Executive Mix in Executive Compensation: An Investigation of Cross-Country Differences

Bryan, S. , Nash, R. C. , & Patel, A. (2022)

Financial Management

Instrumental Variables Analysis and the Role of National Culture in Corporate Finance

Nash, R. C. , & Patel, A. (2019)

Journal of Business Ethics

New Evidence on the Role of Media in Corporate Social Responsibility

Nash, R. C. , Patel, A. , El Ghoul, S. , & Guedhami, O. (2019)

Journal of Financial Stability

Why Do Banks Choose to Finance with Equity?

Sorokina, N. , Thornton, J. H. , & Patel, A. (2017)

Journal of Financial Management

Culture Matters (But Whose Culture Matters More?) Evidence From Intra-Firm Changes in CEO

Bryan, S. , Nash, R. C. , & Patel, A.

Journal of Corporate Finance

The Effect of Cultural Distance on Contracting Decisions: The Case of Executive Compensation

Bryan, S. , Nash, R. C. , & Patel, A. (2015)

Wake Forest Law Review

The Impact of National Culture on Corporate Financial Decisions

Nash, R. C. , & Patel, A. (2013)

Annals of Finance

Independent's Day? Analyst Behavior Surrounding the Global Settlement

Patel, A. , Clarke, J. , Khorana, A. , & Rau, R. (2011)

Journal of Applied Corporate Finance

Law and Executive Compensation: A Cross-Country Study

Bryan, S. , Nash, R. C. , & Patel, A. (2011)

Financial Management

How Legal System Affects the Equity Mix in Executive Compensation

Bryan, S. H. , Nash, R. C. , & Patel, A. (2010)

International Review of Economics and Finance

The Legal Environment and Corporate Valuation: Evidence from Cross-Border Takeovers.

Patel, A. , Kuipers, D. K. , & Miller, D. (2009)

Journal of Financial Economics

The Impact of All-Star Analyst Job Changes on Their Coverage Choices and Investment Banking Deal Flow.

Patel, A. , Clarke, J. , Khorana, A. , & Rau, P. R. (2007)

The Journal of Corporate Finance

Can the Agency Costs of Debt and Equity Explain the Changes in Executive Compensation During the 1990s?

Bryan, S. H. , Nash, R. C. , & Patel, A. (2006)

Journal of Corporate Finance

"Managerial Actions in Response to a Market Downturn: Valuation Effects of Name Changes in the dot.com Decline."

Patel, A. , Cooper, M. , Khorana, A. , Osobov, I. , & Rau, P. R. (2005)

Journal of Banking and Finance

"Term Structure Linkages Surrounding the Plaza and Louvre accords: Evidence from Euro-Rates and long-memory components."

Patel, A. , & Shoesmith, G. (2004)

Journal of Banking and Finance

Term Structure Linkages Surrounding the Plaza and Louvre Accords: Evidence from Euro-Rates and Long-Memory Components

Shoesmith, G. L. , & Patel, A. (2004)

Journal of Business

"How the Equity Market Responds to Unanticipated Announcements"

Patel, A. , Brooks, R. , & Su, T. (2003)

Journal of Applied Corporate Finance

"Do Bank Relationships Matter in Public Debt Offerings?"

Patel, A. , Datta, S. , & Iskandar-Datta, M. (2000)

Review of Financial Economics

"Information Conveyed by Seasoned Security Offerings: Evidence from Components of the Bid-Ask Spread."

Patel, A. , & Brooks, R. (2000)

Journal of Finance

"Some Evidence on the Uniqueness of Initial Public Debt Offerings."

Patel, A. , Datta, S. , & Iskandar-Datta, M. (2000)

Journal of Financial Economics

"Bank Monitoring and the Pricing of Corporate Public Debt"

Patel, A. , Datta, S. , & Iskandar-Datta, M. (1999)

Journal of Applied Corporate Finance

"The Market's Pricing of Corporate Straight debt IPOs."

Patel, A. , Datta, S. , & Iskandar-Datta, M. (1999)

Advances in Financial Planning and Forecasting

"An Empirical Examination of Calls of Convertible Bonds When They Are Out of the Money."

Patel, A. , Bhabra, H. , & Lee, Y. W. (1997)

Journal of Finance

"The Pricing of Initial Public Offers of Corporate Straight Debt."

Patel, A. , Datta, S. , & Iskandar-Datta, M. (1997)

Management Accounting

"What is EVA, and How Can it Help Your Company?"

Patel, A. , & Dierks, P. (1997)

Review of Quantitative Finance and Accounting

"An Examination of Real Interest Rates in the U.S., Canada, France and Germany During the Recent Floating Exchange Rate Period."

Patel, A. , & Akella, S. (1996)

Financial Management

"Convertible Bond Financing: Are Some Issuers Mimickers?"

Patel, A. , & Bhabra, H. (1996)

Review of Quantitative Finance and Accounting

"The Information Content of a Convertible Debt Offer Announcement."

Patel, A. , & Corrado, C. (1995)

Journal of Financial Research

"Firm Performance and Security Type in Seasoned Offerings: An Empirical Examination of Alternative Signaling Models."

Patel, A. , Emery, D. , & Lee, Y. (1993)

Journal of International Finance

"Can Uncovered Interest Parity Predict Exchange Rates?."

Patel, A. , & Jordan, B. (1992)