Nari Subramanian specializes in finance and has consulted on cases involving loss causation, class certification, and damages issues.
In matters involving equities, Dr. Subramanian’s experience includes analysis of:
- Stock price reaction to news through event studies
- The efficiency of the market for company stock
- The temporary and permanent effects of large trades on stock price
- Premarket bidding, intraday trading, and first-day returns in initial public offerings
His experience related to fixed-income securities and derivatives includes analyzing issues related to:
- The portfolio characteristics and performance of bond mutual funds
- The factors affecting profitability in municipal bond derivative transactions
- The structure and leveraging effect of inverse floaters, i.e., tender option bonds
- Options and swaps valuation
- The effect of option backdating on compensation and stock price
Dr. Subramanian has worked on a range of credit-crisis issues, including understanding and explaining the origins and evolution of the subprime and credit crises and analyzing the pricing of asset-backed securities, mortgage-backed securities, and collateralized debt obligations.
Prior to joining Cornerstone Research, Dr. Subramanian was an assistant professor of finance at Brandeis University. His research interests include executive compensation, corporate finance, and corporate governance, and he has published peer-reviewed articles on these topics in the Journal of Corporate Finance, Financial Management, Economic Theory, the Journal of Economic Behavior & Organization, and the Financial Review.