Rajiv Kalra PhD, MBA, LLB
Professor of Finance
E-mail: kalra@mnstate.edu 
Office: CB 207P
Phone: (218) 477-4655
Education
- Ph.D., 1989, University of Cincinnati
- MBA, 1987, Loyola University of Chicago
- LL.B., 1975, Delhi University, India
- M.Sc. (Organic Chemistry), 1972, Agra University, India
- B.Sc. (Mathematics, Chemistry), 1970, Agra University, India
Professional Certifications
- CFP--Certified Financial Planner
- CFA-- Chartered Financial Analyst
Courses Taught Spring 2004-Fall 2009
|
1. |
Finc 325 |
Financial Institutions and Markets |
|
2. |
Finc 340 |
Financial Management |
|
3. |
Finc 360 |
Principles of Investment |
|
4. |
Finc 445 |
International Financial Management |
|
5. |
Finc 460 |
Portfolio Analysis and Management |
Intellectual Contributions in the previous five years (January 2004 through September 2009).
Peer-reviewed journals:
|
1. |
Kalra, R., Narayana Rao KVSS, Wolf, Jason. Monetary policy and equity returns: Evidence from developing countries. European Journal of Economics, Finance and Administrative Sciences, Issue 7, 2007, pp. 166-181. (DB) |
|
2. |
Kalra, R., Stoichev, M. & Sundaram, S. Diminishing gains from international diversification. Financial Services Review, Vol. 13, No. 3 Fall 2004, pp. 199-214 (DB) |
|
3. |
Kalra, R. & Weber, M. A comprehensive stock analysis project for the first course in investments, Journal of Financial Education, Vol. 30, Summer 2004, pp. 44-55 (LP) |
Other Peer-reviewed publications
Proceedings:
Presentations:
|
1. |
Kalra, Rajiv, Narayana Rao KVSS, and Jason Wolf. Monetary policy and equity returns: Evidence from developing countries. Presented at the International Conference. Business and Finance, Hyderabad, India, December 22-23, 2005 (DB) |
Non-peer-reviewed publications: All Contributions to Practice (OIC)
1. Kalra, Rajiv (2009). Abstract of Karl B. Diether, Kuan-Hui Lee, and Ingrid M. Wener's "Short-sale
strategies and return predictability." Review of Financial Studies, 2009 (Vol.22, No. 2, February 2009,
pp. 573-607), for The CFA Digest, Vol. 39, No. 3 (August 2009), pp. 83-85.
2. Kalra, Rajiv (2009). Abstract of Yongmiao Hong, Jun Tu, and Guofu Zhou's "Asymmetries in stock
returns: Statistical tests and economic evaluation." for The CFA Digest, Vol. 38, No. 2 (August 2008),
pp. 47-49.
|
3. |
Kalra, Rajiv. (2008). Abstract of Lauren Cohen, Karla B. Diether, and Christopher J. Malloy's "Supply and demand shifts in the shorting markets." Journal of Finance, 2007 (Vol. 62, No. 5, October 2007, pp. 2061-2096), for the CFA Digest, Vol. 38, No. 1 (February 2008), pp. 57-58. |
|
4. |
Kalra, Rajiv (2007). Abstract of Geert Bekaert, Campbell R. Harvey, Christian Lundblad, and Stephan Siegel's "Global growth opportunities and market integration." Journal of Finance (2007, Vol. 62, No. 3, June 2007, pp. 1081-1137), for The CFA Digest, Vol. 37 No. 4 (June 2007), pp. 38-40. |
|
5. |
Kalra, Rajiv. (2007) Abstract of Malcolm Baker and Jeffrey Wurgler's "Investor sentiment and the cross-section of stock returns," Journal of Finance, Vol. 61, No. 4 (August 2006, pp. 1645-1680) for the CFA Digest, (February 2007) Vol. 37, No. 1, pp. 49-50. |
|
6. |
Kalra, Rajiv. (2006) Abstract of Dimitrios Sideris, Testing for long-run PPP in a system context: Evidence for the US, Germany and Japan. Journal of International Financial Markets, Institutions & Money, Vol. 16, No. 2, pp. 143-154, for The CFA Digest, Vol. 36, No. 4, November 2006, pp. 37-38. |
|
7. |
Kalra, Rajiv. (2006) Abstract of Christopher J. Erceg, Luca Guerrieri, and Christopher Gust's "Expansionary fiscal shocks and the U.S. trade deficit. International Finance 2006, Vol. 8, No. 3, pp. 363-397, for The CFA Digest, Vol. 36, No. 3, August 2006, pp. 29-30. |
|
8. |
Kalra, Rajiv. (2006) Abstract of Terrence Hendershott and Charles M. Jones, "Island goes dark: Transparency, fragmentation, and regulation." Review of Financial Studies 2006, Vol. 18, No. 3, pp. 743-793, for The CFA Digest, Vol. 36 No. 1, February 2006, pp. 55-56. |
|
9. |
Kalra, Rajiv. (2005) Abstract of Joseph P. H. Fan and T.J. Wong's "Do external auditors perform a corporate governance role in emerging markets? Evidence from East Asia. Journal of Accounting Research 2005, Vol. 43, No. 1, pp. 2013-2040, for The CFA Digest, Vol. 35, No. 3, August 2005, pp. 22-23. |
|
10. |
Kalra, Rajiv. (2005) Abstract of Markus K. Brunnermeier and Stefan Nagel's, Hedge funds and the technology bubble. Journal of Finance 2004, Vol. 59, No. 5, pp. 2013-2040, for The CFA Digest Vol. 35, No. 2, May 2005, pp. 52-53. |
|
11. |
Kalra, Rajiv. (2004) Abstract of Christian Leunz, Dhanajay Nanda, and Peter D. Wysock's "Earnings management and investor protection: An international comparison, Journal of Financial Economics 2003, Vol. 69, No. 3, pp. 505-527, for The CFA Digest Vol. 34, No. 2, May 2004, pp. 18-20. |
|
12. |
Kalra, Rajiv. (2004) Abstract of Ronald Van Dijk and Tjeert Leizer's "Region, sector and style selection in global equity markets. Journal of Asset Management 2004, Vol. 4, No. 5, pp. 293-307, for The CFA Digest Vol. 34, No. 3 August 2004, pp. 70-71. |
Submissions:
In progress:
Continuing Education
|
Year |
Title of CPE |
Dates Attended |
Number Of Hours |
|
2008 |
Continuing Education Requirements for CFP Certificate Renewal |
2008 |
32 |
|
2006 |
Continuing Education Requirements for CFP Certificate Renewal |
2006 |
30 |
|
2004 |
Continuing Education Requirements for CFP Certificate Renewal Certificate of Achievement, The CFA Institute |
2004 2004 |
20 50+ |
Service and Outreach Activities.
Community Service/Outreach:
|
1. |
Member Inter Faculty Organization's Investment Committee 2004-present |
Professional Organizations Activities (include all memberships):
|
1. |
The CFA Institute |
|
2. |
Financial Management Association |
|
3. |
Financial Education Association |
|
4. |
Academy of Financial Services |
Consulting
|
1. |
April 2006 – present. President, SRK Enterprises LLC (Doing business as Camelot Cleaners). The firm operates four dry cleaning processing plants and stores in Fargo, ND and Moorhead, MN, employs 25 employees, and has annual sales of about $1 million. |
|
2. |
Member, Conference Advisory Committee, International Conference on Business and Finance, Hyderabad, India, 2005 and 2006 |
|
3. |
Reviewed Charles P. Jones' Investments, 8th edition, John Wiley & Sons, September 2005, 2004 |
|
4. |
Served as volunteer for Financial Services Volunteer Corps, New York and presented workshop on capital markets at Skopje, Macedonia, May 22-23, 2004 |
|
5. |
Ad hoc Reviewer, Financial Services Review, Summer 2004 |
|
6. |
Prepared two complete CFA I simulation examinations consisting of 240 multiple choice questions each, Fall 2003 and updated them in Spring 2004, Keir Financial Resources |
|
7. |
Wrote over 1,050 multiple choice questions for the Question Bank for Keir Educational Resources, 2004 |
|
8. |
Wrote 400 pages of Study Notes in the areas of Ethical and Professional Standards, Quantitative Methods, Economics, Markets and Instruments, Financial Statement Analysis, Corporate Finance, Equity Securities Valuation, Debt Securities Valuation, Derivative Securities, Alternative Investments, and Portfolio Management for the Chartered Financial Analyst (CFA) Level I Examination, Fall 2003, and updated them to conform to AIMR's 2004 Study Guide, Keir Educational Resources. |
|
9. |
Ad hoc reviewer – Journal of Applied Business Research, John Wiley & Sons, and Journal of Financial Education |
University/School Service:
|
1. |
Member of the MSUM FA Grievance Committee, 2008 – 2009 |
|
2. |
Member, PRT Committee, School of Business, 2008- |
|
3. |
Member, Dragon Core Assessment Committee, 2006-2008 |
|
4. |
Member, Inter Faculty Organization Investment Committee, 2003-present |
|
5. |
Member Graduate Studies Committee, 2003-2004 |
|
6. |
Member, School of Business Strategic Planning Task Force 2002-2004 |
|
7. |
Member, Graduate Faculty, Minnesota State University Moorhead 1989-present |
Honors and Recognitions:
|
1. |
Certificates of Achievement, The Institute of Chartered Financial Analysts, 1994-2005 |