Initial Public Offerings
Anomalies in Housing Prices
Professor Thosar has pursued an active research program over his career. He publishes in high-quality peer-reviewed journals and is often invited to submit articles in high-visibility outlets for practitioner and academic audiences. He presents regularly at national and international conferences and appears on panel discussions on topics of current economic and financial interest.
BUAD 660 Managerial Finance
FINC 661W Financial Markets and Institutions
BUAD 641 Managerial Economics
BUAD 640B Valuation
ECNB 236 Microeconomics
BUS 354 Topics in Corporate Finance and Investments
Ph.D., Finance, Indiana University (Bloomington), 1989
MBA, XLRI (Jamshedpur), 1981
B.Com. Sydenham College, Bombay University, 1974
University of Technology, Sydney, 2000-2005
University of Massachusetts, Boston, 1988-2000
Bank of America, Voltas Ltd
Award for Outstanding Teaching, University of Redlands, Faculty Review Committee, 2008-09.
Excellence in Teaching, University of Redlands, School of Business, 2009.
Pay-for-performance incentives in the finance sector and the financial crisis (with S. Jaggia), Managerial Finance, Vol. 43, No. 6, 2017, 646-642.
A Valuation Framework for Rent-to-Own Housing Contracts (with S. Jaggia and H. Roche), The Appraisal Journal, Summer 2014, 231-243.
The role of investor sentiment in the IPO aftermarket (with S. Jaggia), Journal of Investing, Winter 2012, Vol. 21, No 4, 99-110.
Auctions versus book-built IPOs in Japan: A Comparison of aftermarket volatility (with R. H. Pettway and S. Walker), Pacific-Basin Finance Journal 16, 2008, 224–235.
IPO Pricing in the post-bubble era: Partial adjustment revisited (with S. Jaggia) in New Developments in Banking and Finance, 2007, Editor: Linda M. Cornwall, Nova Science Publishers, Inc. 263-271 (invited article).
Momentum and index investing: Implications for market efficiency (with R. Bird, X. He and P. Woolley), Journal of Financial Transformation, Vol. 15, 2005, 79-85 (invited article).
Survival analysis with artificially constructed events (with S. Jaggia), Review of Accounting and Finance, Vol. 4. No 4, 2005, 34-49.
The case for market inefficiency: Investment style and market pricing (with R. Bird, X. He and P. Woolley), Journal of Asset Management, Vol. 5, No 6, 2005, 365-388.
Analysts' responses to alternative methods of reporting unrealized gains and losses on derivatives (with J. Bierstaker and D. Wiest), Academy of Accounting and Financial Studies Journal, Vol. 8. No.1, 2004, 1-27 (invited article).
The medium-term aftermarket in high-tech IPOs: Patterns and Implications (with S. Jaggia), Journal of Banking and Finance, Vol. 28/5, 2004, 931-950.
Behavioural finance: Foundations, models and testing grounds (with S. Jaggia), Financiële Studievereniging Rotterdam,(FSR Forum), Vol. 6, No. 1, 2003, 18-24 (invited article).
Unlocking equity with reverse mortgages, Journal of Banking and Financial Services, Vol.116, No. 1, 2002, 60-64. (Author interviewed and cited in articles on the topic that appeared in the Money sections of the Weekend Australian, Dec 14-15, 2002 and the Sydney Morning Herald, January 29, 2003.)
Risk aversion and the investment horizon: A new perspective on the time diversification debate (with S, Jaggia), Journal of Psychology and Financial Markets, Vol. 1, Nos. 3&4, 2000, 211-215.
Tender offers and target management responses: Managerial entrenchment versus stockholder interest revisited, The Financial Review, Vol. 31, No. 1, 1996, 87-104.
Contested tender offers: An estimate of the hazard function (with S. Jaggia), Journal of Business and Economic Statistics, Vol. 13, No. 1, 1995, 113-119.
Multiple bids as a consequence of target management resistance: A count data approach (with S. Jaggia), Review of Quantitative Finance and Accounting, Vol.3, No. 4, 1993, 447-457.
Increased stock volatility and excess returns in the index futures trading era: New evidence from additions to the S&P 500 index (with L. Trigeorgis), Abstracts of Papers Presented at the 1993 AFA meetings, Journal of Finance, Vol.48, No.3, 1993, 1120-1121.
Stock volatility and program trading: Theory and evidence (with L. Trigeorgis), Journal of Applied Corporate Finance, Vol.2, No.4, 1990, 91-96.