Ramin Baghai is an Affiliated Research Fellow with the House of Innovation. He is an Associate Professor of Finance at the Stockholm School of Economics. He holds a Ph.D. in Finance from the London Business School.

Ramin's research mainly focuses on corporate finance. His latest work studies, for example, how takeovers affect the mental health of employees; how credit ratings are used in delegated management of fixed income assets to limit risk taking; and how the structure of financial intermediaries’ liabilities affects their asset holdings.

He has published in the Journal of Finance, the Review of Financial Studies, and the Journal of Law and Economics.

Selected Publications

Ramin Baghai, Mariassunta Giannetti and Ivika Jäger (2022). Liability Structure and Risk Taking: Evidence from the Money Market Fund Industry. Journal of Financial and Quantitative Analysis, vol 57, pp. 1771-1804

Ramin Baghai, Rui Silva, Viktor Thell and Vikrant Vig (2020). Talent in Distressed Firms: Investigating the Labor Costs of Financial Distress. Journal of Finance, Forthcoming

Ramin Baghai and Bo Becker (2018). Reputations and credit ratings: evidence from commercial mortgage-backed securities. Journal of Financial Economics, vol. Forthcoming

Ramin Baghai and Bo Becker (2017). Non-rating revenue and conflicts of interest. Journal of Financial Economics, vol. 127, pp. 94-112

Viral Acharya, Ramin Baghai, Krishnamurthy Subramanian (2014). Wrongful Discharge Laws and Innovation. The Review of Financial Studies, vol. 27(1), pp. 301-346

Ramin Baghai, Henri Servaes and Ane Tamayo (2013). Have Rating Agencies Become More Conservative? Implications for Capital Structure and Debt Pricing. Journal of Finance, vol 69, pp. 1961-2005

Ramin Baghai, Viral Acharya and Krishnamurthy Subramanian (2013). Labor Laws and Innovation. Journal of Law and Economics. vol 56, pp. 997-1037