Ramin Baghai

Ramin Baghai is a Professor of Finance at the Stockholm School of Economics. He holds a Ph.D. in Finance from London Business School and is a Research Affiliate at the Centre for Economic Policy Research (CEPR) and a Research Member of the European Corporate Governance Institute (ECGI).

His research explores topics related to corporate credit markets, corporate finance, asset management, and the intersection of labor economics and finance. Ramin’s work has been published in top academic journals, including the Journal of Finance, Journal of Financial Economics, and Review of Financial Studies, and has been cited in major media outlets such as The Wall Street Journal and Bloomberg.

He teaches courses in Corporate Finance and has received the student-elected Best Teacher Award at SSE in 2020 and 2023.

Publications

Ramin Baghai, Rui Silva, and Luofu Ye (2024). Teams and Bankruptcy, Review of Financial Studies, vol. 37, pp. 2855-2902

Bo Becker, Ramin Baghai and Stefan Pitschner (2024). The Use of Credit Ratings in the Delegated Management of Fixed Income Assets, Management Science, vol. 70, pp. 2705-3380

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 (2021). Talent in Distressed Firms: Investigating the Labor Costs of Financial Distress. Journal of Finance, vol. 76, pp. 2907-2961

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