Nari Subramanian specializes in finance and has consulted on class certification, loss causation, and damages issues.
Dr. Subramanian’s recent work has focused on cases related to trading in over-the-counter markets, particularly the markets for credit default swaps and foreign currency. In these cases, he has examined allegations of market and benchmark manipulation and collusive behavior in the context of the structure and trading mechanisms of the relevant market.
Dr. Subramanian has also worked on cases related to the credit crisis, including cases involving several large financial institutions, pooled investment vehicles with exposure to subprime mortgages, and municipal bond mutual funds. In these cases, he has analyzed different aspects of the evolution of the crisis, including the movements of key indices; the breakdown of arbitrage relationships; the widening of credit spreads; the increase in liquidity premia; and the changing expectations of investors, analysts, regulators, and academics. He has also examined the risk and pricing of mortgage-backed securities and collateralized debt obligations and the factors affecting their performance.
Prior to joining Cornerstone Research, Dr. Subramanian was an assistant professor of finance at Brandeis University’s International Business School. His research interests include corporate finance, corporate governance, and executive compensation. He has published several peer-reviewed articles on these topics in journals including the Journal of Corporate Finance, Financial Management, Economic Theory, the Journal of Economic Behavior & Organization, and the Financial Review.
He has served as a referee for numerous academic journals, including the American Economic Review, Management Science, the Journal of Financial Services Research, the Financial Review, the Journal of Economic Dynamics and Control, and the Journal of Empirical Legal Studies.