Nikunj Kapadia

Associate Professor of Finance

Telephone: 413-545-5643
Email: nkapadia@som.umass.edu
Office: SOM 310C

Personal web site: people.umass.edu/nkapadia
Currently Teaching: FINOPMGT 302, FINOPMGT 413
Previously Taught: FINOPMGT 304

Ph.D. in Finance, Stern School of Business, New York University, 1995
Postgraduate Diploma in Management, Indian Institute of Management, Bangalore, 1986
B.E. (Chemical Engineering), Maharaja Sayajirao University, Baroda, 1984

Academic and Professional Activities:

Reviewer: Journal of Finance, Journal of Business, Journal of Banking and Finance, Management Science, Quantitative Finance, Review of Financial Studies

Selected Publications

With Sanjiv Das, Darrell Duffie and Leandro Saita, "Common Failings: How corporate defaults are correlated,” 2007, Journal of Finance, 62(1), 93-118.

With Sanjiv Das, Gary Geng and Laurence
Freed, “Correlated Default Risk,” 2006, Journal of Fixed Income, Volume 16(2), 1-26

With Gurdip Bakshi, “Delta-Hedged Gains and the Negative Market Volatility Risk Premium,” Review of Financial Studies, Volume 16 (2), (2003), 527-566.

With Gurdip Bakshi and Dilip Madan, “Stock Return Characteristics, Skew Laws, and the Differential Pricing of Individual Equity Options,” 2003, Review of Financial Studies, Volume 16 (1), 101-143.

Consulting Activities:

Equity and credit structured products

Awards:

College Outstanding Teaching Award, 2007-08
College Outstanding Research Award, 2006-07
Caesarea Center Award for Best Paper in Risk Management at the Western Finance Association, 2005.
Fellow of the Federal Deposit Insurance Corporation's Center for Financial Research, 2004