Professor in the Department of Economics
S. ``Vish'' Viswanathan is the F.M. Kirby Professor of Investment Banking at the Fuqua School of Business, Duke University. Professor Viswanathan received his Bachelor's Degree in Science (First Class with Distinction) from the University of Bombay, his Master of Management Studies from the Jamnalal Bajaj Institute of Management Studies at the University of Bombay and his Ph.D. in Finance from the Kellogg Graduate School of Management at Northwestern University.
Professor Viswanathan is a distinguished researcher who work spans a number of different areas. Hir recent research is on collateral constraints and their effect on risk management and financial intermediation. His recent work argues that financing investment and risk management both use scarce collateral and hence it may be optimal not to manage risk for smaller firms. Other research focuses on the risk management of banks and firms given the presence of collateral constraints. His recent research focuses on collateral, leverage and market liquidity and on the definition of “illegal price manipulation.”
More recently, he has been on the Federal Reserve Bank of New York Working Group on Capital Markets and the National Bureau of Economic Research working group on market microstructure. His prior work that focuses on merger waves has been published in the Journal of Finance and Journal of Financial Economics. Professor Viswanathan's research has been presented at a number of international and national conferences and has been published in the American Economic Review, Journal of Finance, the Review of Financial Studies, the Journal of Financial Economics, the Rand Journal of Economics, the Journal of Finance and Quantitative Analysis, the Journal of Business and the Journal of Business Economics and Statistics.
Professor Viswanathan is the Co-editor of the Journal of Financial Intermediation and Associate Editor for the Journal of Financial Markets and is on the Program Committee of the Western Finance Association. He was the Associate Editor of the Review of Financial Studies from 1996 to 1999. Twice, he has received awards from the Institute for Quantitative Research in Finance. In 1997, Professor Viswanathan won the NYSE Best Paper Award on Equity Trading at the Western Finance Association.
Professor Vsiwanathan is a distinguished teacher who has won teaching awards across a variety of venues. He teaches Corporate Restructuring (EMBA 457) in the Global Executive Management Program, the Cross Continent EMBA program and the Weekend EMBA program, Advanced Corporate Finance in the MBA program (451) and the Ph.D. Seminar in Corporate Finance. In the past he has taught Corporate Finance (BA351), Advanced Corporate Finance (BA451) and Corporate Restructuring (BA457) to daytime and executive students. He taught Advanced Corporate Finance at the Wharton School of the University of Pennsylvania in the years 1996-1998 and Cases In Corporate Finance at the University of Chicago in the year 2004. He has taught in the Duke/IIMA Global 2 Leaders Program, the Duke Corporate Education/Infosys Backpack Program, the Duke Corporate Education/Tatweer Program in Dubai, the Price Waterhouse Executive Development Program, the Deutsche Bank Executive Development Program, the Fuqua Mergers and Corporate Restructuing Program, the IBS/Fuqua Strategic Management Program in Moscow, Russia, the RJR Nabisco/Fuqua Executive Education Program in St. Petersburg, Russia, the Ernst and Young/Fuqua VISION program, the Financial Executive Institute/Fuqua Strategic Financial Management program, the Program for Managerial Development, the Global Financial Management Program, the International Marketing Leadership Program and the Young Professionals Program.
Professor Viswanathan is one of the few faculty members at the Fuqua school to be recognized for teaching in three different programs. Professor Viswanathan received the MBA Outstanding Faculty Award at the Fuqua School of Business in 1994. In 1995, the MBA Association of the Fuqua School of Business recognized him for “For efforts above and beyond the call of duty”. In 1995 Business Week survey of the Fuqua School of Business, he was rated as a FOUR STAR teacher (highest rating). In 1997, students at the Wharton School of the University of Pennsylvania nominated him for the Helen Kardon Moss Anvil Award. In 1999, he received the Weekend MBA Class of 1999 Outstanding Professor Award. In 2001 and 2008 (twice), he received the Outstanding Professor Award from the Global Executive MBA class. In addition, he has been a repeat finalist for the Outstanding Professor Award from the Global Executive MBA class.
- Ph.D., Northwestern University 1987
- M.A., Jamnalal Bajaj Institute (India) 1979
- B.S., University of Bombay, St. Xavier College 1977
Breeden, DT, and Viswanathan, S. "Why do firms hedge? An asymmetric information model." Journal of Fixed Income 25, no. 3 (December 1, 2016): 7-25. Full Text
Rampini, AA, Sufi, A, and Viswanathan, S. "Dynamic risk management." Journal of Financial Economics (2013).
Rampini, AA, and Viswanathan, S. "Collateral, risk management, and the distribution of debt capacity." Journal of Finance 65, no. 6 (December 1, 2010): 2293-2322. Full Text
Narasimhan, R, Swink, M, and Viswanathan, S. "On decisions for integration implementation: An examination of complementarities between product-process technology integration and supply chain integration." Decision Sciences 41, no. 2 (May 1, 2010): 355-372. Full Text
Carlin, BI, Dorobantu, F, and Viswanathan, S. "Public trust, the law, and financial investment." Journal of Financial Economics 92, no. 3 (June 1, 2009): 321-341. Full Text