Rajesh Aggarwal

About

Rajesh K. Aggarwal is the Interim Dean of the D'Amore-McKim School of Business at Northeastern University and a Professor of Finance. His research addresses critical areas of corporate finance, including corporate governance, executive compensation and incentives, the economics of organizations, initial public offerings, mergers and acquisitions, hedge fund performance, and market manipulation. His work has been published in leading academic journals such as the Journal of Finance, Journal of Financial Economics, and the Journal of Political Economy, and is widely cited for its rigor and real-world relevance. Aggarwal holds a PhD and MA in Business Economics from Harvard University and a BA in Economics from Yale University. Prior to his current role, he held faculty appointments at several leading institutions, including the University of Minnesota, the University of Virginia, the University of Michigan, the University of Oxford, and Dartmouth College. His scholarship and service to the field have earned him significant recognition, including the Graham & Dodd Scroll Award from the Financial Analysts Journal and the Distinguished Referee Award from the Review of Financial Studies. He has also been honored for excellence in teaching, including being named Teacher of the Year at the University of Minnesota's Carlson School of Management. In addition to his academic pursuits, Aggarwal has served as Vice Chair of the Board of Directors of Medica Health Plans and has provided…

Research topics

• Medicine
• Economics
• Computer Science
• Business
• Economic growth
• Financial economics
• Monetary economics
• Operations management
• Statistics
• Financial system

Selected publications

• Incentives and Competition in the Airline Industry

  The Review of Corporate Finance Studies · 2019-06-17 · 7 citations

  article1st authorCorresponding

  Abstract We examine how performance changes at airlines in response to a change in executive incentives. Airlines with executive bonuses contingent on on-time arrival do improve on-time performance. We find evidence of strategic gaming of the incentive as some carriers increase scheduled flight times, making it easier for flights to arrive on time. This effect is more pronounced for competitive routes. Carriers also do not decrease the frequency of flights or the number of passengers to make it…

  PublisherDOI

• Debate on the cost of innovation in healthcare: is it too costly?

  BMJ Simulation & Technology Enhanced Learning · 2017-03-01 · 3 citations

  article

  This paper summarises a structured panel session regarding the cost of innovation in healthcare. The debate took place during the 2016 Simnovate Conference at McGill University. The audience, panel members and venue largely included members from academia as well as representatives from industry and organised medicine. The goal of the debate was to consider a balanced argument regarding the views of healthcare innovation and the associated costs. VJD ### Demand and cost The demand for healthcare…

  PublisherDOI

• Skilled Immigration, R&D Concentration, and Industry Consolidation

  The Review of Corporate Finance Studies · 2024-03-23 · 1 citations

  article1st authorCorresponding

  Abstract We demonstrate a novel link between skilled immigration restrictions, corporate innovation, and industry consolidation. Binding restrictions on H1B visas are a shock to firms’ R&D labor supply, leading firms to shift R&D expenditures and employees overseas. Organizationally and financially constrained firms are less able to adjust to the restrictions. They reduce basic research and patenting, are less able to acquire other firms for intellectual property, and are more likely to…

  PublisherDOI

• Youth innovation showcase: achieving high-impact success with novel technologies

  BMJ Simulation & Technology Enhanced Learning · 2017-03-01 · 1 citations

  articleOpen accessSenior author

  Universities provide a dynamic environment that enables innovation in healthcare. Challenges to the delivery of healthcare are best overcome by fostering relationships that lead to solutions developed by young innovators. The Youth Innovation Showcase highlights the creative solutions of 5 young entrepreneurs as part of the Simnovate International Summit. Challenges in the process of innovation, finding balance as a young innovator, government support for student entrepreneurs, innovation and gl…

  PublisherOA PDFDOI

• The performance of female hedge fund managers

  Review of Financial Economics · 2016-02-12 · 1 citations

  articleOpen access1st authorCorresponding

  Abstract Using data for the period 1994–2013, we examine the return and risk‐taking behavior of hedge funds having at least one female portfolio manager and funds that have all female portfolio managers. Funds with all female managers perform no differently than all male‐managed funds and have similar risk profiles. For single‐style funds, those with mixed teams of both genders underperform male‐only funds on both a raw and risk‐adjusted basis, although mixed funds incur less risk and their Shar…

  PublisherOA PDFDOI

Frequent coauthors

• Andrew Samwick

  Dartmouth College

  31 shared

• Philippe Jorion

  10 shared

• Tracy Yue Wang

  University of Minnesota

  10 shared

• Srinivasan Rangan

  National Institute of Ocean Technology

  4 shared

• Mufaddal Baxamusa

  University of St. Thomas - Minnesota

  4 shared

• Guojun Wu

  Institute of Rock and Soil Mechanics

  3 shared

• Michael Jenkins

  3 shared

• Tarik Yousef

  3 shared

Education

• Ph.D., Economics

  Panjab University

  2008

Awards & honors

• Graham & Dodd Scroll Award from the Financial Analysts Journ…
• Distinguished Referee Award from the Review of Financial Stu…
• Teacher of the Year at the University of Minnesota's Carlson…

Similar researchers at Northeastern University

• Gregory D. Abowdh-82
• Ruth Aguilerah-77
• Ali Aburh-57