• Dr. Y. Lal Mahajan

    Dr. Y. Lal Mahajan

    Dr. Y. Lal Mahajan, Associate Professor, Finance

    Office: Bey Hall 252

    E-mail: ymahajan@monmouth.edu

    Telephone: 732-571-3647

    Curriculum Vitae


    Overview:

    Y. Lal (LAL) Mahajan is an associate professor of Economics and Finance at Monmouth University in West Long Branch, NJ teaching economics and finance at both the undergraduate and graduate levels.

    He obtained his Masters in Economics from the University of Chicago, and PhD in Economics from Northern Illinois University. Later on, he also earned an MBA and PhD in Finance from Rutgers University.

    He has published many articles in economics and finance in various professional journals, including but not limited to Atlantic Economic Journal, Indian Economic Journal, Taiwan Business Management Journal, Georgian Academy of Sciences, and other business journals.

    He has also presented his research papers, inter alia, at the American Accounting and Finance Conference, the American Business Disciplines Conference, the Eastern Finance Association Conference, the International Economics and Finance Association Conference, and the American Statistical Association Conference.

    His current research interests include the effect of financing on the stockholders’ wealth both in the developing and developed countries.

    Professional Degrees:

    • PhD, Finance, Rutgers University
    • PhD, Economics, Northern Illinois University
    • MBA, Finance, Rutgers University
    • MA, Economics, University of Chicago

    Previous Appointments:

    • Assistant Professor, Northeastern University

    Primary Research Interests:

    • Econometric models for credit unions, corporate finance, portfolio analysis, and investment theory. Other interests include monetary policy effects on interest rates, inflation, and stock market.

    Representative Publications:

    • (2008) “Efficiency of Stock Markets at the Issuance of Convertible Debt in the USA and India,” Academy of Taiwan Business Management Review, 4(2), 93-105.
    • (2003) “External Debt Financing, Effect on the Systematic Risk of the Firms,” The Georgian Academy of Sciences, Vol. 11(4), 327-346.
    • (2002) “Variability of Cashflows at the Announcement of Straight Debt and Convertible Debt,” Proceeding of the American Business Discipline.
    • (2001) “Risk Profile of Firms at the Issuance of External Public Debt,” Proceedings of the American Business Discipline.
    • (2001) “The Financing Manager’s Dilemma: Risky vs. Risk Free Debentures,” The Georgian Academy of Sciences, Vol. 9, 41-56.
    • (2000) “Straight Debt or Convertible Debt Issues: Which One to Issue?” Proceedings of the Academy of Business Discipline.
    • (2000) “Corporate Financing for New Projects,” International Advances in Economic Research, Vol. 6, Number 1, February 2000.
    • (1999) "Corporate Financing and Investment Decisions Under Asymmetric Information," International Advances in Economic Research, (5) 1, February.
    • (1998) "Effects of Convertible Debt Issues on Stock Holders Wealth," Business Journal, Vol. 13, Fall, pp. 3-10.
    • (1998) "Relative Wealth Effects of Straight and Convertible Debt Issues," American Academy of Accounting and Finance Proceedings, December, pp. 300-336.
    • (1998) "Price Reaction to the Conversion Ratios of Convertible Debt Issues," International Advances in Economic Research, 4(1), pp. 95-96.
    • (1997) "Impact of Capital Structure Changes on Firm Value at the Announcement of Convertible Debt Issues," Proceedings of the Northeast Business and Economics Association, pp. 72-74.
    • (1996) "Relative Price Effects of Convertible Debt Issues and Future Prospects," American Statistical Association Proceedings and Abstracts, pp. 284-289.
    • (1995) "Consistency and Robustness of Wealth Effects Due to Capital Structure Changes," American Statistical Association Proceedings and Abstracts, pp. 296-301.
    • (1995) "A Test of the Signaling Model of Conversion Ratios," International Advances in Economic Research, 1(4), pp. 85-86.
    • (1995) "Abnormal Stock Price Returns After the Announcement of Convertible Debt," Proceedings of the Northeast Business and Economics Association, pp. 91-92.

    Presentations at Scholarly/Professional Meetings:

    • (2008) “Announcement Effects of Issuance of Convertible Debt in the USA and India,” Presented at the Academy of Business Disciplines Conference.
    • (2002) “Variability of Cashflows at the Announcement of Straight Debt and Convertible Debt,” Presented at the Academy of Business Discipline Conference.
    • (2002) The Effect of Financing Debt Structure on the Systematic Risk of Common Stock,” Presented at the Applied Business Research Conference, Mexico.
    • (2001) “Changes in Equity Beta at the Issuance of Corporate Debt,” Academy of Business Discipline.
    • (2001) “The Financial Manager’s Dilemma: Risky vs Risk Free Debentures,” International Economics and Finance Association, Athens, Greece.
    • (2000) “Straight Debt or Convertible Debt Issues: Which One to Issue?” Academy of Business Discipline, Fort Myers.
    • (1999) “Market Reaction to Capital Structure Changes When Firms Have Information That Market Does Not Have,” American Academy of Accounting and Finance Conference.
    • (1999) “Corporate Financing for New Projects,” International Economics and Finance Conference, Vienna (Austria).
    • (1998) “Relative Wealth Effects of Straight and Convertible Debt Issues,” American Academy of Accounting and Finance Conference, New Orleans.
    • (1998) "Corporate Financing and Investment Decisions When and If the Information Is Asymmetric, " International Economics and Finance Conference, Rome (Italy).
    • (1997) "Impact of Capital Structure Changes on Firm Value at the Announcement of Convertible Debt Issues," Northeast Business and Economics Association Meetings, Philadelphia.
    • (1997) "The Relative Stock Price Reaction to the Conversion Ratios of Convertible Debt Issues and Future Prospects," International Economics and Finance Conference, London (England).
    • (1996) "Relative Price Effects of Convertible Debt Issues and Future Prospects," American Statistical Association Meetings, Chicago.
    • (1996) "Consequences and Causes of Relative Price Effects of Announcements of Convertible Debt Issues," International Economics and Finance Conference, Paris (France).
    • (1995) "Abnormal Stock Returns After the Announcement of Convertible Debt," New England Business Association International Conference, New Haven.
    • (1995) "Robustness of Relative Stock Price Effects of Changes in Capital Structure Announcements," American Statistical Association Meetings, Florida.
    • (1995) "A Test of the Signaling Model of Informative Conversion Ratios," International Economic and Finance Conference, Vienna (Austria).