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Hemang Desai

Hemang Desai

Accounting

Robert B. Cullum Professor of Accounting
Department Chair

PhD, Business Administration, Tulane University, 1997
MBA, University of New Orleans, 1990
BSc, Chemistry and Life Science, Bombay University, St. Xavier’s College, 1986

Crow 386

214-768-3185
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Bio

Hemang Desai’s research is interdisciplinary and is broadly focused in the area of capital markets based research in accounting and finance.  His research has addressed a wide range of topics such as analyzing the role of short sellers in capital markets, reputational consequences to managers of financial misreporting, analyzing the performance of money managers and analysts, and evaluating the impact of corporate restructuring transactions such as spin-offs and mergers.  His papers have been published in top academic journals in finance and accounting as well as in top practitioner journals such as Financial Analysts Journal. In addition his articles have been subject of various columns in publications such as The Wall Street Journal, Barron’s, New York Times, and CFO Magazine, among others.  Twice he has been the recipient of the "Outstanding Research Award" at the Southern Methodist University (SMU) Cox School of Business.

He currently teaches Financial Statement Analysis in the MBA program. His prior teaching assignments include courses titles such as Mergers and Acquisitions and Advanced Financial Accounting. He has received the "Distinguished Teaching Award" and the "Outstanding Teaching Award" at the Cox School.  He is also a recipient of the "Golden Mustang Outstanding Faculty Award" at SMU, which recognizes a faculty member for both scholarship and teaching.  In addition, he teaches in several open enrollment and custom executive education programs covering various topics related to financial reporting.  Some of the custom clients include Devon Energy, GameStop, Hunt Oil, Lockheed Martin, Sewell Automotive, Texas Instruments, and Trinity Rail.  His consulting clients include McKinsey and Co., Entergy Corp., and Baker and McKenzie.  He currently serves on the board of directors of Parsley Energy Inc (NYSE:PE) and is a member of the Audit and the Compensation Committees.


Research

Bank Capital and Loan Quality, with Gauri Bhat, February 2016.

The Impact of Economic Determinants on the use of employee options post SFAS 123R with Zining Li and Suning Zhang, September 2014.


Recent publications

Were the Information Intermediaries Sensitive to the Financial Statement Based Leading Indicators of Bank Distress Prior to the Financial Crisis? With Shiva Rajgopal and Jeff Yu. Forthcoming, Contemporary Accounting Research.

A First Look at Mutual Funds that use Short Sales, with Honghui Chen and Srini Krishnamurthy. Journal of Financial and Quantitative Analysis, June 2013.

Does Earnings Quality affect Information Asymmetry? Evidence from Trading Costs, with Neil Bhattacharya and Kumar Venkataraman. Contemporary Accounting Research. Summer 2013.


Teaching

ACCT 6211 Financial Statement Analysis