Rustom Irani

Rustom Irani

Assistant Professor of Finance

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Contact

435 Wohlers Hall

1206 S. Sixth

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, 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

  • Ersahin, N., & Irani, R. Forthcoming. Collateral Shocks and Corporate Employment. Review of Finance,.
  • 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.

Other Publications

Article

  • Irani, R., & Oesch, D. (2013). Monitoring and Corporate Disclosure: Evidence from a Natural Experiment. Journal of Financial Economics, 398-418.

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

  • Financial Intermediation (FIN 461) Financial intermediaries survey of the structure, functions, regulation, and risk management activities of financial intermediaries; central banking and monetary policy effects on financial intermediaries. 3 undergraduate hours. No graduate credit.
  • Financial Intermediation (FIN 561) Studies financial intermediation emphasizing analysis of problems faced by commercial bank managers. The three main areas covered are: the role of financial intermediation and its relation to the macro-economy, information technology, and government regulation; examination of the problems of pricing and evaluating the risk of bank financial services such as loans, loan commitments, and swaps; and consideration of bank portfolio risk management.
  • Seminar in Corporate Finance (FIN 594) Theories, paradigms, and models of nonfinancial corporations; investigates the theoretical foundations and empirical evidence regarding corporate resource allocation, capital structure decisions, and dividend policies; covers in detail contingent claim analysis, signaling theory, and agency theory.

Contact

435 Wohlers Hall

1206 S. Sixth

Champaign, IL 61820

217-300-0472

rirani@illinois.edu

Homepage