Skip to main content

Nikunj Kapadia, PhD

Associate Dean of Graduate Programs, Professor of Finance

Finance

Education

PhD in Finance, Stern School of Business, New York University, 2005
Post-graduate Diploma in Management (MBA), Indian Institute of Management, Bangalore, 1986
BE (Chemical Engineering),, Maharaja Sayajirao University, Baroda, 1984

Professional Experience

Director, Corporate Board, Aurionpro Solutions Ltd, 2005-2014
Visiting Researcher, Office of Financial Research, United States Treasury, 2012

Academic Appointments

Professor of Finance, University of Massachusetts, Amherst, 9/2013-Present
Associate Professor, University of Massachusetts, Amherst, 9/2003-8/2013
Assistant Professor, University of Massachusetts, Amherst, 9/1996-8/2003

Recent Honors / Awards

College Researcher of the Year Award, Isenberg School of Management, 2012
College Outstanding Teaching Award, University of Massachusetts, 2008

Research Interests

Option Pricing
Volatility
Credit and Default Risk

Teaching Interests

Doctoral
  • Seminar on Options
Undergraduate
  • Financial Modeling
  • International Finance
  • Financial Engineering

Selected Publications

"Equilibrium Exercise of European Warrants," (with Gregory Willette), 2012, Review of Derivatives Research, 15 (2), 129-156.

"Limited Arbitrage Between Equity and Credit markets," (with Xiaoling Pu), 2012, Journal of Financial Economics, 105 (3), 542-564.

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

Das, Sanjiv, Laurence Freed, Gary Geng and Nikunj Kapadia, 2006, "Correlated Default Risk," Journal of Fixed Income 16(2),pp. 7-32.