Avanidhar Subrahmanyam

Avanidhar Subrahmanyam is Distinguished Professor of Finance and Goldyne and Irwin Hearsh Chair in Money and Banking at UCLA Anderson School of Management. His research bridges behavioral finance with market microstructure, focusing on psychological biases in stock pricing, liquidity dynamics, and cross-market efficiency.

• Ph.D. in Finance (1990), UCLA

Key research areas include:

• Behavioral Finance: Investor psychology, overconfidence, and emotional decision-making in markets.
• Market Microstructure: Liquidity spillovers, trading activity, and ETF-induced efficiency contagion.
• Asset Pricing: Climate risk disclosure impacts, momentum-reversal patterns, and capital structure effects.

Recent publications analyze:

• 2025 work on global liquidity, climate risk, and retail investor behavior.
• 2024 studies of leverage paradoxes and affect-driven pricing.
• 2023 FinTech patent analysis and corporate bond uncertainty premiums.

Scientific recognition includes:

• Fama-DFA Prize (2000) and Smith Breeden Prize (1999)
• Top global rankings in finance citations and productivity
• Co-editor of Journal of Financial Markets and editorial board roles

Consulting engagements with Nasdaq, National Stock Exchange of India, and media outlets.