Sanjay Ramchander is a Professor of Finance and the Interim Associate Dean-Academic Affairs in the College of Business at Colorado State University. Sanjay is academically trained in the areas of accounting, economics and finance having earned degrees from universities in India and the U.S. He also holds the CFA professional designation. Sanjay’s scholarship interests are broadly at the intersection of asset pricing and macroeconomic fundamentals. His research examines theories related to the behavior and formation of asset prices in financial markets, with an emergent focus on market microstructure analysis. Sanjay's empirical work is published in leading academic journals in the discipline, and investigates diverse asset classes such as equities, bonds, currencies, commodities, derivatives, and real estate. Sanjay’s teaching is informed and inspired by his research. He enjoys teaching all levels and topics in finance but is particularly enthusiastic about business valuation and international finance. He has taught at various domestic and overseas universities, and is the recipient of several awards and honors including the prestigious Fulbright-Nehru scholarship.
D.B.A., Cleveland State University
M.B.A., Saint Louis University
B. Commerce, Nizam College, Osmania University (India)
Chartered Financial Analyst (CFA)
Empirical asset pricing
Business analysis & valuation
Selected (Recent) Publications
Chatrath, A., Miao, H., & Ramchander, S. (forthcoming). Crude Oil Moments and PNG Stock Returns. Energy Economics.
Miao, H., Ramchander, S., & Zumwalt, J.K. (forthcoming). S&P 500 Index-Futures Price Jumps and Macroeconomic News. Journal of Futures Markets.
Miao, H., Ramchander, S., & Wang, T. (2014). The Response of Bond Prices to Insurer Ratings Changes. Geneva Papers on Risk and Insurance, 39, 389-413.
Chatrath, A., Miao, H., Ramchander, S., & Villupuram, S. (2014). Currency Jumps, Cojumps and Macro News. Journal of International Money and Finance, 40, 42-62.
Chatrath, A., Miao, H., Ramchander, S., & Villupuram, S. (2012). Corporate Bonds, Macroeconomic News and Investor Flows. Journal of Fixed Income, 22(1), 25-40.
Simpson, M.W., & Ramchander, S. (2012). Asymmetric and Cross-sectional Effects of Inflation on Stock Returns under Varying Monetary Policy Conditions. Applied Financial Economics, 22(4), 285-298.
Chatrath, A., Miao, H., & Ramchander, S. (2012). Does the Price of Crude Oil Respond to Macroeconomic News? Journal of Futures Markets, 32(6), 536-559.
Ramchander, S., Schwebach, R., & Staking, K. (2012). The Informational Relevance of Corporate Social Responsibility: Evidence from DS400 Index Reconstitutions. Strategic Management Journal, 33(3), 303-314.
Elder, J., Miao, H., & Ramchander, S. (2012). Impact of Macroeconomic News on Metal Futures. Journal of Banking and Finance, 36(1), 51-65.
Miao, H., Ramchander, S., & Simpson, M.W. (2011). Return and Volatility Transmission in U.S. Housing Markets. Real Estate Economics, 39(4), 701-741.
Trutwein, P., Ramchander, S., & Schiereck, D. (2011). Jumps in Credit Default Swap Spreads and Equity Returns. Journal of Fixed Income, 20(3), 56-70.
Khalifa, A.A., Miao, H., & Ramchander, S. (2011). Return Distributions and Volatility Forecasting in Metal Futures Markets: Evidence from Gold, Silver and Copper. Journal of Futures Markets, 31(1), 55-80.
Current Working Papers