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Vidhi  Chhaochharia

Vidhi Chhaochharia

Associate Professor, Finance

Research Interests

Corporate governance; and international finance

Featured Publications

  • The Costs of Sovereign Default:Evidence from the Stock Market, (with Sandro Andrade), Review of Financial Studies, forthcoming

    Mood, Firm Behavior and Aggregate Economic Outcomes, (with Dasol Kim, George Korniotis and Alok Kumar), Journal of Financial Economics, forthcoming

    Product Market Competition and Internal Governance: Evidence from the Sarbanes- Oxley Act, (with Yaniv Grinstein, Gustavo Grullon and Roni Michaely), Management Science, 63.5: 1405-1424, 2017.

    "Sell in May and Go Away" Just Won’t Go Away, (with Sandro Andrade and Michael Fuerst), Financial Analyst Journal, Volume 69, Number 4, 2013.

    The Unintended Consequences of the Sarbanes-Oxley Act, (with Clemens Otto and Vikrant Vig), Journal of Institutional and Theoretical Economics, 167(1), 2012.

    The Changing Structure of US Corporate Boards: 1997-2003 (with Yaniv Grinstein), Corporate Governance: An International Review, 15(6), 2007.

    Corporate Governance, Norms and Practices (with Luc Laeven), Journal of Financial Intermediation, No 18, 2009.

    Local Investors and Corporate Governance,(with Alok Kumar and Alexandra Niessen-Ruenzi), Journal of Accounting and Economics, 54(1), 2012.

    Information Immobility and Foreign Portfolio Investment (with Sandro Andrade), Review of Financial Studies, 23(6), 2010.

    CEO Compensation and Board Structure (with Yaniv Grinstein), Journal of Finance, Vol 64, No.1, Feb 2009.

    Corporate Governance and Firm Value: The Impact of the 2002 Governance Rules (with Yaniv Grinstein), Journal of Finance, Vol 62. No. 4 August 2007.

Teaching and Professional Experience

  • Associate Professor, Finance, Miami Herbert Business School, 2014 - Present
  • Assistant Professor, Finance, University of Miami School of Business Administration, 2007 - 2013
  • Visiting Scholar, Tilburg University, Spring 2011
  • Visiting Scholar, International Monetary Fund, Summer 2010


  • Corporate governance
  • International finance


  • Ph.D., Cornell University, 2005
  • M.S., Quantitative Economics, Indian Statistical Institute (Kolkata, India), 2000
  • B.Sc., Presidency College (Kolkata, India), 1998

Honors and Awards

  • James MacLamore Summer Research Award, 2007, 2008
  • Spot Award, World Bank, 2006
  • Best Paper Award in Corporate Finance (Corporate Governance and Firm Value: The Impact of the 2002 Governance Rules), Southwestern Finance Association, 2005
Vidhi  Chhaochharia


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