Dev Mishra

Department Head

Professor of Finance & Edwards Research Scholar

Room 83
PotashCorp Centre
25 Campus Drive
Saskatoon, Saskatchewan, Canada
S7N 5A7
Phone: 306-966-8457
Fax: n/a
Email: mishra@edwards.usask.ca

Education

Ph.D. (Connecticut)
MBA (Kelly (IU Bloomington))

Biography

Dr. Dev Mishra received his Ph.D. in Finance from the University of Connecticut , MBA (Finance) from Kelly School of Business at Indiana University - Bloomington, MBA (Marketing) from Tribhuvan University - Kathmandu. Dr. Mishra teaches International Finance and Corporate Finance. Prior to joining the University of Saskatchewan, Dr. Mishra was a faculty member at Memorial University of Newfoundland, and Tribhuvan University - Kathmandu, Nepal.

Dr. Mishra’s research interests are primarily in corporate finance and international corporate finance. His research has been published in both academic and practitioner journals, such as Journal of International Business StudiesJournal of Corporate FinanceFinancial ManagementJournal of Banking and FinanceThe Financial ReviewJournal of Business EthicsQuarterly Journal of Business and EconomicsJournal of Applied FinanceInternational Review of Finance,  Corporate Governance: An International ReviewCanadian Journal of Administrative SciencesEmerging Markets Review,International Review of Economics and Finance, and Journal of Economics and Finance. In addition, he presented over five dozen referred conference papers, discussed several conference papers, and chaired several conference sessions. Dr. Mishra has been very active in the academic circle, have worked in the program committee in different capacity of the conferences like, Financial Management AssociationAcademy of International Business, Financial Management Association European meeting, Eastern Finance AssociationNorthern Finance Association, and Management Futures Conference. He is also a recipient of the Best International Paper award at Eastern Finance Association (2007), Finalist for the Temple/AIB Best Paper Award (2007). He is also the recipient of the Dean’s Award for Outstanding Research Achievement in 2012 at the Edwards School of Business and a winner of the 2011 Moskowitz Prize for Socially Responsible Investing (SRI) awarded by the Center for Responsible Business at Hass School of Business, University of California Berkeley.


Dr. Mishra's current research is best described by these key words:  corporate finance, corporate governance, corporate social responsibility, ownership structures, CEO Ability, mergers & acquisitions, implied cost of capital,  corporate innovations, corporate risk taking and international corporate finance. Dr. Mishra holds membership in professional organizations, like Financial Management Association, American Finance Association, American Accounting Association, Academy of International Business, Northern Finance Association, Eastern Finance Association, and Management Association of Nepal.

Google Scholar: http://scholar.google.ca/citations?user=IrjLsegAAAAJ 

Courses

MBA 851: International Finance

Comm 466: International Business Finance

Comm 363: Corporate Finance

Comm 203: Introductory Corporate Finance

Research

Boubakri, N. & D. Mishra, 2016. Information Overload and Cost of Equity Capital, working paper
Boubakri, N., J-C. Cosset, D. Mishra & H. Somé, 2016. The Value of Risk Transfer in Mergers: Role of Country Legal Institutions and Large Shareholders, working paper

Hegde, S. and D. Mishra, 2016. Marriage and Manager's Attitude to Corporate Social Responsibility, Working paper

Boubakri, N., J-C. Cosset, O. Guedhami, D. Mishra, Determinants Corporate Transparency and Cost of Equity Capital (work-in progress.)

Mishra, D. & C. Zhou. Large Shareholders and Bidder Returns: International Evidence, Working Paper

Hegde, S. & D. Mishra, 2016. Do Patented Innovations Affect Cost of Equity Capital?

SSRN: http://ssrn.com/abstract=2385062

Mishra, D. & T. O' Brien, 2013. Implied Expected Return and the Cost of Equity: The CAPM versus the Three-Factor Model

SSRN, http://ssrn.com/abstract=2183118

Aggarwal, R., D. Mishra, and C. Wilson, 2015. Are Prophets Myopic? Evidence from Analyst Recommendations and Implied Cost of Equity.

Recent Publications

22. Hegde, S. & D. Mishra, 2017. Strategic Risk-Taking and Value Creation: Evidence from the Market for Corporate Control. International Review of Economics & Finance 48, 212–234.

SSRN: https://ssrn.com/abstract=1986089 

21. Boubakri, N., J-C. Cosset, & D. Mishra, 2016. Large Shareholders and Target Returns: International Evidence, Advances in Financial Economics (Accepted)

20. Mishra, D., 2017. Post-Innovation CSR Performance and Firm Value, Journal of Business Ethics 140, 285–306.

          SSRN: http://ssrn.com/abstract=2597882

          SPRINGER:http://link.springer.com/article/10.1007/s10551-015-2676-3

19. Mishra, D., 2014. The Dark Side of CEO Ability: CEO General Managerial Skills and Cost of Equity Capital. Journal of Corporate Finance 29, 390-409.

       SSRN:http://ssrn.com/abstract=2464705 

       Featured in CFA Digest (Vol 45, Issue 5, May 2015): http://www.cfapubs.org/doi/full/10.2469/dig.v45.n5.7 

       AMP Research Briefs : http://aom.org/amp/researchbriefs/  (http://dx.doi.org/10.5465/amp.2015.0127 )

       National Affairs: http://www.nationalaffairs.com/blog/detail/findings-a-daily-roundup/bottom-line

18. Bardos, K. & D. Mishra, 2014.  Financial Restatements, Litigation, and Implied Cost of Equity. Applied Financial Economics 24 (1), 51-71.

17. Mamun, A., & D. Mishra, 2012. Industry Merger Intensity and Cost of Capital. International Review of Finance, Forthcoming
        Wiley: http://onlinelibrary.wiley.com/doi/10.1111/j.1468-2443.2012.01157.x/abstract

16. Boubakri, N., O. Guedhami, D. Mishra, & W. Saffar, 2012. Political Connections and Cost of Equity Capital. Journal of Corporate Finance 18, 541–559.  
        SSRN: http://ssrn.com/abstract=1589688
        ScienceDirect: http://www.sciencedirect.com/science/article/pii/S0929119912000296

15. Dolde, W., C. Giaccotto, D. Mishra, & T. O'Brien, 2012. Should Managers Estimate Cost of Equity Using a Two-Factor International CAPM?, Managerial Finance  38, 708-728.

        SSRN: http://ssrn.com/abstract=1635838

14. Mishra, D., 2011. Multiple Large Shareholders and Corporate Risk Taking: Evidence from East Asia. Corporate Governance: An International Review 19, 507-528. 
        Wiley: http://onlinelibrary.wiley.com/doi/10.1111/j.1467-8683.2011.00862.x/abstract 

13. El Ghoul, S., O. Guedhami, C. Kwok, & D. Mishra, 2011. Does Corporate Social Responsibility Affect the Cost of Capital? Journal of Banking and Finance 35, 2388-2408.

        SSRN: http://ssrn.com/abstract=1546755 
        Review in September (2010) issue of IR Digest at United Nations Principles of Responsible Investing (http://academic.unpri.org/)

        Moskowitz Prize for Socially Responsible Investing(http://responsiblebusiness.haas.berkeley.edu/programs/moskowitzresearchprogram.html)

12. Dolde, W., C. Giaccotto, D. Mishra, & T. O'Brien, 2011. Foreign Exchange Exposure and Cost of Equity for U.S. Companies: Local versus Global CAPM. Journal of Applied Finance 21, 78-86.

        SSRN: http://ssrn.com/abstract=1505975

11. Mishra, D., M. Racine, & L. Schmidt, 2011. Credibility of Corporate Announcements and Market Reaction. Canadian Journal of Administrative Sciences 28, 73-90.

        SSRN: http://ssrn.com/abstract=972632

10. Boubakri, N., O. Guedhami, & D. Mishra, 2010. Family Control, Asian Financial Crisis, and Cost of Equity Capital: Evidence from East Asia. Journal of International Business Studies 41, 451-474.

          IDEAS: http://ideas.repec.org/e/pmi149.html

9. Mishra, D. & G. Tannous, 2010. Securities Laws in the Host Countries and the Capital Structure of US Multinationals. International Review of Economics and Finance 19,  483-500.
        IDEAS: http://ideas.repec.org/e/pmi149.html

8. Komlenovic, S., A. Mamun, & D. Mishra, 2011. Business Cycle and Aggregate Merger Activity, Journal of Economics and Finance 35, 239-259. 

        JEF: http://www.springerlink.com/content/b3x45474k3277885/

Professional Practice

Nominating Committee, EFA (2010)    

Reviewing:

Journal of Corporate Finance, Journal of Banking & Finance, Financial Management, Canadian Journal of Administrative Sciences,  The Financial Review, OMEGA,  Journal of Financial Research, Journal of Business Research, Pacific Basin Finance Journal, Corporate Governance: An International Review, Journal of Applied Finance, Journal of Business Ethics, European Journal of Finance, European Financial Management, Managerial Finance, International Journal of Managerial Finance, Review of Financial Economics, International Review of Economics and Finance, International Review of Financial Analysis

Conference Involvement (Program/Track Chair or Committee or Reviewing):

Academy of International Business, Eastern Finance Association, Management Futures Conference, Northern Finance Association, Financial Management Association International, Financial Management Association -European, ASAC, Paris Financial Management Conference

Grants and Awards

Tri-Council Grants:

2011- 2015: Governance Transfer and Corporate Risk Taking: Evidence from U.S. and International Mergers$68,261, Social Sciences Humanities Research Council (SSHRC),  with N. Boubakri and J.-C. Cosset. (Principal Investigator)

2008 to 2011: The Political Economy of Transparency, Corporate Governance, and Cost of Capital: International Evidence, $92,000, Social Sciences Humanities Research Council (SSHRC), with N. Boubakri,  J.-C. Cosset, O. Guedhami.  (Co-investigator 2008-09, Managed Grant Fund 2009-2011).

Best Research Awards:

Recipient of the (inaugural)  Dean’s Award for Outstanding Research Achievement in 2012

Recipient of the “Research in International Business and Finance Prize” (jointly with N. Boubakri and J-C. Cosset) at the Academy of International Business – UK & Ireland Chapter Annual Conference 2012.