P
Priyank Gandhi
Researcher at Rutgers University
Publications - 30
Citations - 1054
Priyank Gandhi is an academic researcher from Rutgers University. The author has contributed to research in topics: Stock (geology) & Tail risk. The author has an hindex of 10, co-authored 27 publications receiving 914 citations. Previous affiliations of Priyank Gandhi include University of Notre Dame & University of California, Los Angeles.
Papers
More filters
ReportDOI
Equity is Cheap for Large Financial Institutions: The International Evidence
TL;DR: In this paper, the authors find that the stocks of a country's largest financial companies earn returns that are significantly lower than stocks of non-financials with the same risk exposures, and the spread also predicts large crashes in that country's stock market and output.
Journal ArticleDOI
International Shock Transmission: Does Bank Organizational Structure Matter?
TL;DR: In this article, the authors investigated the impact of the organization structure of global banks on how they respond to liquidity shocks and showed that international banks allocate funds to purchase securities sold in such fire sales and reduce credit supply, causing liquidity shocks to spill-over.
Journal ArticleDOI
Tax Risk and Asset Prices: Evidence from Dual-class Corporate Bonds in the Early 19th Century
TL;DR: In this paper, the authors exploit a natural experiment from the late 1800s in which many U.S. firms had inadvertently issued both taxable and tax-exempt bonds, and derive a novel, market-based measure for tax risk, examine its time-series properties, and investigate if tax risk is priced in asset returns.
Journal ArticleDOI
From the 'Long Depression' to the 'Great Recession': Bank Credit, Macroeconomic Risk, and Equity Returns
TL;DR: This paper found that bank credit expansion predicts lower excess returns and volatility for the aggregate stock market, and this predictive relation varies in the cross-section and is stronger for firms with higher "cash flow risk".
Journal ArticleDOI
A False Sense of Security: Why U.S. Banks Diversify and Does it Help?
TL;DR: This article showed that diversification does not lead to real reductions in risk as its benefits are limited to "good" times and that diversified banks are more exposed to systematic risk and their lending is more sensitive to macroeconomic conditions.