Rustom Irani

Rustom Irani

Associate Professor of Finance

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Contact

4039 Business Instructional Facility

515 Gregory Drive

Champaign, IL 61820

217-300-0472

rirani@illinois.edu

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Educational Background

  • Ph.D., Business Administration, New York University, 2013
  • M.Phil., Economics, Oxford University, 2006
  • B.S., Economics, London School of Economics, 2004

Positions Held

  • Assistant Professor of Finance, Gies Business, University of Illinois at Urbana-Champaign, 2013 to present
  • Morgan Stanley, London, 2006-2007
  • Office of Fair Trading, London, 2006
  • Lloyd's Private Banking, London, 2001

Recent Publications

  • Irani, R., Iyer, R., R. Meisenzahl, R., & Peydro, J. (2021). The Rise of Shadow Banking: Evidence from Capital Regulation. Review of Financial Studies.
  • Irani, R., Ersahin, N., & Waldock, K. (2021). Can Strong Creditors Inhibit Entrepreneurship? Review of Financial Studies.
  • Irani, R., Ersahin, N., & Le, H. (2021). Creditor Control Rights and Resource Allocation within Firms. Journal of Financial Economics.
  • Ersahin, N., & Irani, R. (2020). Collateral Shocks and Corporate Employment. Review of Finance, 24 (1), 163-187.

Other Publications

Articles

  • van Bekkum, S., Gabarro, M., & Irani, R. (2018). Does a Larger Menu Increase Appetite? Collateral Eligibility and Credit Supply. Review of Financial Studies, 31 (3), 943–979.
  • Irani, R., & R. Meisenzahl, R. (2017). Loan Sales and Bank Liquidity Management: Evidence from a U.S. Credit Register. Review of Financial Studies, 30 (10), 3455–3501.
  • Irani, R., & Oesch, D. (2016). Analyst Coverage and Real Earnings Management: Quasi-Experimental Evidence. Journal of Financial and Quantitative Analysis, 51 (2), 589-627.
  • Irani, R., & Oesch, D. (2013). Monitoring and Corporate Disclosure: Evidence from a Natural Experiment. Journal of Financial Economics, 398-418.

Working Papers

  • Irani, R., Almeida, H., Ersahin, N., Fos, S., & Kronlund, M. Do Short-Term Incentives Affect Long-Term Productivity.
  • Irani, R., van Bekkum, S., Gabarro, M., & Peydro, J. Take It to the Limit? The Effects of Household Leverage Caps.

Honors and Awards

  • Julian Simon Memorial Faculty Fellow, University of Illinois Gies College of Business, 2018 to present

Research Interests

Corporate Finance, Financial Intermediation

Current Courses

  • Banking and Financial Reg (FIN 461) Survey of the structure, functions, regulation, and risk management activities of banks and nonbank financial institutions; central banking and monetary policy effects on financial institutions.

  • Banking and Financial Reg (FIN 561) Survey of the structure, functions, regulation, and risk management activities of banks and nonbank financial institutions; central banking and monetary policy effects on financial institutions.

  • Money and Banking (FIN 571) This online course will provide you with a framework that can be used to understand the connections between money, banking, and financial markets, as well as the implementation and impacts of modern monetary policy. Upon completion of this course, you will be able to apply this framework to assess how new developments in finance and public policy may influence the macroeconomic and business environment.

Contact

4039 Business Instructional Facility

515 Gregory Drive

Champaign, IL 61820

217-300-0472

rirani@illinois.edu

Google Scholar

SSRN

Website

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