Dev Prasad

Devendra Prasad

Professor

College
Manning School of Business
Department
Finance
Phone
(978) 934-2803

Research Interests

Investments; Portfolio Analysis & Security Management; Corporate and Small Business Finance; Short-term Financial Management; International Financial Management; Angel & Venture Financing; IPOs

Dr. Prasad's current interests are in the areas of individual investor behavior and bankruptcy forecasting; capital structure, valuation, and the financing of start-up ventures. Professor Prasad's research has been published in such journals as Advances in International Banking and Finance, Journal of International Financial Markets, Institutions and Money, Journal of Applied Business Research, New Directions in Finance, Advances in the Study of Entrepreneurship and Economic Growth and many others. Professor Prasad's research is influenced by his several years of industrial experience in the areas of business planning and start-up financing; capital budgeting and project management; production and operations management; financial planning and insurance; financial institutions management; marketing management; exports/imports management; and human resources.

Education

  • Ph D: Finance, (1990), University of Oklahoma - Norman, OK
  • MBA, (1986), University of Oklahoma - Norman, OK
  • Other: Mechanical Engineering, (1970), Indian Institute of Technology - Kanpur, India

Selected Publications

  • Prasad, D., Puri, Y.R., Koundinya , R. (University of Massachusetts Boston) (2022). A Quest for a Signal Forecasting Corporate Failure: The ‘KPP’ Model for Bankruptcy Prediction. Journal of Applied Business and Economics, 24(4) 226-242.
  • Prasad, D., Kadariya, S. (Lagani School, Nepal) (2022). Stock Returns: Nepalese Investors’ Reactions to News Coverage. Journal of Accounting and Finance, 22(3) 25.
  • SHOLLAPUR, M.R. (Ramaiah Institute of Technology, Bangalore, India. ), PATTED, S. (, Government First Grade College Tyamagondlu, Bangalore University, India), Prasad, D. (2022). Psychodynamics of Investments: Study on ‘Fear’ and ‘Love’ Among Financially Literate Investors in India. Journal of Asian Finance, Economics and Business , 9(2) 395-407.
  • Poudel, R. (Western Oregon University), Prasad, D., Jain, R. (2020). The Altman ‘Z’ is “50” and Still Young: Bankruptcy Prediction and Stock Market Reaction due to Sudden Exogenous Shock. Journal of Accounting and Finance, 20(2) 65-73.
  • Jain, R., Prasad, D., Poudel, R. (Western Oregon University) (2019). Big is Not Bad. Journal of Business, Economics and Technology, 22(1) 130-139.
  • Prasad, D., Puri, Y.R., Jain, R. (2015). Return to Profitability After a Financial Crisis. International Journal of Business & Finance Research (IJBFR), 9(1) 89-101.
  • Prasad, D., Shollapur, M., Patted, S.V. (2014). Indian Women Investors:Emotional Decision Makers?
  • Freund, S., Prasad, D., Andrews, F. (2013). Security Selection Factors: Novice Versus Experienced Investors. International Journal of Business & Finance Research (IJBFR), 7(4) 115-126.
  • Prasad, D., Jain, R., Shollapur, M.R. (2012). Human Emotions and Their Impact on the Indian Investors Decisions. Journal of International Business Management & Research, 5(7) 50-58.
  • Jain, R., Prasad, D., (2012). Country Versus Industry Effect on Board structures. Accounting & Taxation, 4(1) 1-9.
  • Jain, R., Prasad, D. (2011). Cash - A Corporate Umbrella. The Global Journal of Finance and Economics, 7(2) 85-95.
  • Merikas, A.A., Merikas, A.G., Vozikis, G.S., Prasad, D. (2011). Economic factors and individual investor behavior: The case of the Greek stock exchange. Journal of Applied Business Research (JABR), 20(4).
  • Prasad, D., Bruton, G., Merikas, A. (2011). LONG-RUN STRATEGIC CAPITAL STRUCTURE.
  • Freund, S., Andrews, F., Prasad, D. (2011). Mountain View Mobile Home Park. Journal of Business Case Studies (JBCS), 5 79.
  • Prasad, D., Puri, Y.R., Jain, R. (2010). Could Investors Have Saved Their Wealth Using Bankruptcy Prediction Models to Forecast The 24 Largest Bankruptcies? International Journal of Accounting Information Science and Leadership, 3(6) 151-163.
  • Prasad, D., Freund, S., Andrews, F. (2010). Security Selection: The Relevant Variables. Journal of International Business Management & Research, 1(1) 115-126.
  • Prasad, D., Puri, Y.R., Jain, R. (2009). An Examination of the Liquidity of Firms Around a Financial Crisis. International Journal of Accounting Information Science and Leadership, 2(2) 15-27.
  • Prasad, D., Puri, Y.R., Jain, R. (2009). Impact of Financial Crisis on Aggregate Financing Pattern of Firms. Journal of Emerging Markets, 14(3).
  • Prasad, D., Puri, Y.R., Jain, R. (2009). Impact of Financial Crisis on Aggregate Financing Pattern of Firms. Journal of Emerging Markets, 14(3) 20-31.
  • Kiaterittinun, T., Ariff, M., Prasad, D. (2009). Share price reaction to debt issuance and capital structure in Australia.
  • Ariff, M., Prasad, D., Vozikis, G.S. (2007). Are government-linked IPOs underpriced? A three country privatization effort comparison. International Entrepreneurship and Management Journal, 3(3) 293-307.
  • Prasad, D., Vozikis, G.S., Ariff, M. (2006). Government Public Policy, Regulatory Intervention, and Their Impact on IPO Underpricing: The Case of Malaysian IPOs. Journal of Small Business Management, 44(1) 81-98.
  • Prasad, D., Puri, Y.R. (2005). DOES COMBINING ALTERNATE BANKRUPTCY PREDICTION MODELS IMPROVE FORECASTING ACCURACY?. International Journal of Finance, 17(3) 3581 - 3602.
  • Prasad, D., Puri, Y.R. (2005). Does Combining Alternative Bankruptcy Prediction Models Improve Forecasting Accuracy. International Journal of Finance, 17(3).
  • Merika, A., Merikas, A., Vozikis, G. (2004). Economic Factors And Individual Investor Behavior: The Case Of The Greek Stock Exchange. Journal of Applied Business Research, 20.
  • Prasad, D., Vozikis, G., Bruton, G. (2001). Commitment signals in the interaction between business angels and entrepreneurs. Advances in the Study of Entrepreneurship, Innovation & Economic Growth, 13 45-69.
  • Prasad, D., Bruton, G.D., Vozikis, G. (2000). Signaling value to businessangels: the proportion of the entrepreneur's net worth invested in a new venture as a decision signal. Venture Capital: An international journal of entrepreneurial finance, 2(3) 167-182.
  • Vozikis, G.S., Bruton, G.D., Prasad, D., Merikas, A.A. (1999). Linking Corporate Entrepreneurship to Financial Theory through Additional Value Creation. Entrepreneurship Theory and Practice, 24(2) 33-43.
  • Prasad, D. (1997). IS UNDERPRICING GREATER FOR MIXED OFFERINGS AS COMPARED TO PURE PRIMARY OFFERINGS IN THE OTC MARKET.
  • Prasad, D., Bruton, G.D., Merikas, A.G. (1997). Long-run strategic capital structure. Journal of Financial and Strategic Decisions, 10(1) 47-58.
  • Bruton,Garry D., ., Prasad, D. (1997). Strategy and IPO market selection: Implications for the entrepreneurial firm. Journal of Small Business Management, 35(4) 1-10.
  • Prasad, D., Bruton, G.D., Merikas, A.G. (1996). An empirical study of the capital structure of industries in the European Community (6:2/3 pp. 125--140). Journal of international financial markets, institutions & money
  • Bruton, G.D., Merikas, A.G., Prasad, D., Vozikis, G.S. (1996). MEASURING CORPORATE ENTREPRENEURIAL PERFORMANCE: VALUE CREATION AS AN ALTERNATIVE APPROACH. Journal of Small Business \& Entrepreneurship, 13(3) 68-85.
  • Prasad, D., Vozikis, G.S., Bruton, G.D., Merikas, A. (1996). “Harvesting” through Initial Public Offerings (IPOs): The Implications of Underpricing for the Small Firm. Entrepreneurship Theory and Practice, 20(2) 31-41.

Selected Presentations

  • Too Big to Fail: Effect of Size on Bank Returns During a Crisis - Annua WSSA Conference, April 2015 - Portland OR
  • Big is Not Bad - Clute Institute International Academic Conference, August 2014 - San Francisco
  • "Too Big To Fail: Effect of Size on Stock Returns During a Crisis" - AIMS Annual Conference, January 2013 - Bangalore, India
  • "Variables Important for Security Selection: A Perception of Face-to-Face vs. Online Students" - Association For Global Business, November 2011 - Newport Beach, CA
  • "Too Big to Fail: Effect of Size on Stock Returns During a Crisis" - Academy of Business Research, September 2011 - Atlantic City, NJ
  • "Country vs Industry Effect on Board Structures" - Intellectbase International Consortium, May 2011 - Nashville, TN
  • "Private Placement, Capital Structure Changes and Share Value in Australia" - IABR & TLC Conference, March 2009 - San Antonio, TX
  • "Return to Profitability After A Financial Crisis" - IABR & TLC Conference, March 2009 - San Antonio, TX
  • "An Examination of the Liquidity of Firms Around a Financial Crisis" - Intellectbase International Consortium, March 2009 - Dallas, TX
  • "Share Price Reaction to Debt Issuance and Capital Structure in Australia" - Intellectbase International Consortium, March 2009 - Dallas, TX
  • Does a Financial Crisis Result in a Change in the Aggregate Financing Pattern of Firms? - Global Finance Association Conference, November 2007 - Washington D.C.
  • How do Bankruptcy Forecasting Models Fare in Forecasting the Smaller Bankruptcies? - Academy of Financial Services Conference, October 2006 - Salt Lake City
  • Does a Financial Crisis Result in a Change in the Aggregate Financing Patter of Firms? - Southwestern Finance Association Meeting, March 2006 - Oklahoma City