Gans Narayanamoorthy
Associate Professor
Areas of Expertise
Biography
Professor Gans Narayanamoorthy’s research focuses on capital markets in accounting, with particular emphasis on market efficiency and litigation risk and bank accounting. He has published extensively in top accounting journals.
Professor Narayanamoorthy brings a rich professional background to Tulane. Before entering academia, he worked as an investment banker, managing public offerings of large corporations, including Fortune 500 companies.
As a teacher, Professor Narayanamoorthy enjoys working with doctoral students and has served on eight Ph.D. committees to date. He appreciates Freeman’s collegial atmosphere, especially the rewards of working alongside like-minded colleagues who are engaged in research and excited about growing the program.
Education
University of Rochester
Indian Institute of Management
Indian Institute of Technology
Articles
Accounting and litigation risk: evidence from Directors’ and Officers’ insurance pricing
2013
We study whether and how financial reporting concerns are priced by insurers that sell Directors’ and Officers’ (D&O) insurance to public firms. As D&O insurers typically assume the liabilities arising from shareholder litigation, the premiums they charge for D&O coverage reflect their assessment of a company’s litigation risk.
Did the SEC impact banks' loan loss reserve policies and their informativeness?
2013
During the late 1990s, the SEC alleged that banks were overstating loan loss allowances to establish cookie jar reserves. Their intervention in bank accounting culminated in 2001 with new guidance (SAB 102) designed to improve financial reporting quality. We show that banks' allowance estimation changed in response to the SEC's intervention.
Earnings Volatility, Post–Earnings Announcement Drift, and Trading Frictions
2011
We find that lower ex ante earnings volatility leads to higher Post–Earnings Announcement Drift (PEAD). PEAD is a function of both the magnitude of an earnings surprise and its persistence. While prior research has largely investigated market reactions to the magnitude of the earnings surprise, in this study we show that the persistence of the earnings surprise is equally important.
The Effect of Litigation Risk on Management Earnings Forecasts
2010
Earnings forcasts made by management affect stock prices. This has been shown by Patell 1976, Jaggi 1978, Nichols and Tsay 1979, Penman 1980, Ajinkya and Gift 1984, and Waymire 1984, all of whom document significant stock price reaction to the release of earnings forecasts by management.
Media Appearances
Is the Bacon Shortage Real?
From the kitchen, we went to the business school at Tulane University. Professor Gans Narayanamoorthy says it's not hogwash after all.
"So if you look back three months the price of lean hogs has gone from 54 cents a pound to 70 cents a pound,” said Narayanamoorthy...
