Sanjay Ramchander is the Associate Dean of Academic Programs and Professor of Finance in the College of Business at Colorado State University. Sanjay's academic training are 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. His scholarship interests are broadly at the intersection of asset pricing and macroeconomic fundamentals, testing 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
Adrangi, B., Chatrath, A., Christie-David, R., Miao, H., & Ramchander, S. (accepted). Stock-versus-Flow Distinctions, Information, and the Role of Inventory. Journal of Futures Markets.
H., Ramchander, S., & Zumwalt, J.K. (2014). S&P 500 Index-Futures
Price Jumps and Macroeconomic News. Journal of Futures Markets, 34, 980-1001.
A., Miao, H., & Ramchander, S. (2014). Crude Oil Moments and PNG Stock
Returns. Energy Economics, 44,
H., Ramchander, S., & Wang, T. (2014). The Response of Bond Prices to
Insurer Ratings Changes. Geneva Papers on Risk and Insurance, 39, 389-413.
A., Miao, H., Ramchander, S., & Villupuram, S. (2014). Currency Jumps,
Cojumps and Macro News. Journal of International Money and Finance, 40,
J., Miao, H., & Ramchander, S. (2013). Jumps in Oil Prices: The Role of
Economic News. Energy Journal, 34(3), 217-237.
A., Christie-David R.A., & Ramchander, S. (2012).
Public Information, REIT Responses, Size, Leverage, and Focus. Journal
of Real Estate Research, 34(4), 463-514.
J., Miao, H., & Ramchander, S. (2012). Return Dynamics and Trading Strategy
in Alternative Trading Systems. Journal of Trading, 7(3)
A., Miao, H., Ramchander, S., & Villupuram, S. (2012). Corporate Bonds,
Macroeconomic News and Investor Flows. Journal of Fixed Income, 22(1),
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.
A., Miao, H., & Ramchander, S. (2012). Does the Price of Crude Oil Respond
to Macroeconomic News? Journal of Futures Markets, 32(6),
S., Schwebach, R., & Staking, K. (2012). The Informational Relevance
of Corporate Social Responsibility: Evidence from DS400 Index
Reconstitutions. Strategic Management Journal, 33(3),
J., Miao, H., & Ramchander, S. (2012). Impact of Macroeconomic News on
Metal Futures. Journal of Banking and Finance, 36(1), 51-65.
H., Ramchander, S., & Simpson, M.W. (2011). Return and Volatility
Transmission in U.S. Housing Markets. Real Estate Economics, 39(4),
P., Ramchander, S., & Schiereck, D. (2011). Jumps in Credit Default Swap
Spreads and Equity Returns. Journal of Fixed Income, 20(3),
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