Regular biography
Avanidhar (Subra) Subrahmanyam is a Distinguished Professor of Finance and holds the Goldyne and Irwin Hearsh Chair in Money and Banking at the University of California, Los Angeles Anderson School of Management. He serves as the Finance Area Chair and is recognized for his research in stock market activity and behavioral finance. Subrahmanyam's work explores the application of psychological principles to explain stock price movements and has been published in leading finance and economics journals. His current research interests include the relationship between a firm’s stock trading environment and its cost of capital, as well as behavioral theories for asset price behavior. He is a founding editor of the Journal of Financial Markets and has served as an associate editor for the Review of Financial Studies and the Journal of Finance.
Scholar-generated biography
Avanidhar Subrahmanyam is a distinguished professor in Finance at UCLA, known for his extensive research on market microstructure, asset pricing, and behavioral finance. His work explores the interplay between investor psychology, market liquidity, and trading activity, with a focus on how these factors influence stock returns and market efficiency. Subrahmanyam's research also examines the role of private information, order imbalance, and cognitive biases in shaping financial markets. His publications frequently address the cross-section of expected stock returns, the impact of liquidity on market quality, and the implications of behavioral biases such as overconfidence and cognitive dissonance. His contributions have significantly advanced the understanding of financial markets through empirical analysis and theoretical frameworks.