Lalitha Naveen

Biography

Dr. Lalitha Naveen is Associate Professor of Finance at Temple University. She has degrees in Chemical Engineering and MBA, and a PhD in Finance from Arizona State University. Her field of expertise is empirical corporate finance. Her primary research focus is in the areas of corporate board structure and executive compensation.

Specifically, Dr. Naveen’s research investigates the factors that determine the particular corporate governance mechanisms adopted by firms and how these mechanisms, in turn, affect firm policies and firm value. Her research papers have received Best Paper Awards and have been published in top finance and accounting journals including Review of Financial Studies, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, and Journal of Accounting and Economics. She has taught in the undergraduate, MBA, and doctoral programs and has received the Outstanding Faculty of the Year Award as well as the Temple University Lindback Distinguished Teaching Award in recognition of her teaching excellence. She has previously taught at Purdue University and Georgia State University. She has presented or discussed papers at various conferences and academic venues including the American Finance Association, the Western Finance Association, New York University, Columbia University, and the S.E.C. Before doing her PhD, Dr. Naveen worked for four years in the financial services industry primarily in credit analysis and equity analysis.

Sample Publications

• Co-opted Boards, with Jeff Coles and Naveen Daniel; Review of Financial Studies, Forthcoming
• Does the Use of Peer Groups Contribute to Higher Pay and Less Efficient Compensation?, with John Bizjak and Mike Lemmon; Journal of Financial Economics, Vol. 90, 152-168; 29 citations*
• Do Firms Manage Earnings to Meet Dividend Thresholds?, Naveen Daniel and Dave Denis; Review of Financial Studies, Vol. 45, 2-29; 15 citations*
• Boards: Does One Size Fit All?, with Jeff Coles and Naveen Daniel; Journal of Financial Economics, Vol. 87, 329-356; 192 citations*
• Managerial Incentives and Risk-Taking, with Jeff Coles and Naveen Daniel; Journal of Financial Economics, Vol. 79, 431-468; 149 citations*
• Organizational Complexity and Succession Planning; Journal of Financial and Quantitative Analysis, Vol. 41, 661-684; 19 citations*
• Organizational Complexity and CEO Labor Markets: Evidence from Diversified Firms, with Tammy Berry, John Bizjak, and Mike Lemmon; Journal of Corporate Finance, Vol. 12, 797-817; 12 citations*

Working Papers

• The Advisory Role of Multinational Directors in U.S. Firms, with Naveen Daniel and John McConnell
• Sources of Financial Flexibility: Evidence from Cash Flow Shortfalls, with  Naveen Daniel  and Dave Denis
• Board Advising, with Jeff Coles and Naveen Daniel
• Costs of Performance Pricing Provisions, with Yan Hu and Connie Mao
• No Asymmetry in Pay for Luck, with Naveen Daniel and Lily Li

*Citations above refer to SSCI/Scopus citations; Google Scholar Citations = 2419, Downloads of working papers on SSRN = 10,250

Awards and Honors

• Temple University Lindback Distinguished Teaching Award (2014)
• Best Discussant Award at the Drexel Corporate Governance Conference (2014)
• Outstanding MBA Faculty of the Year (2012)
• Deaver Research Fellow (2009-2015)
• Dean’s Research Roll 2009
• Best Paper Award at Conference for Corporate Governance and Fraud Prevention at George Mason University (2008) for “Co-opted Boards: Causes and Consequences”
• Best Paper Award at the Northern Finance Conference (2002) for “Organizational complexity and CEO labor markets: Evidence from diversified firms”
• BSI Gamma Grant for the project “Boards: Does one size fit all?”, 2003
• University-wide Research Initiation Grant for “Boards: Does one size fit all?”, 2003
• Summer Research Grant, Georgia State University, 2002, 2003, 2004, 2005
• Jack D. Furst Dissertation Fellowship, Arizona State University: 1999-2000, 2000-2001
• IBM Outstanding Minority Graduate Student, Arizona State University: 2000-2001
• Regent’s Graduate Academic Scholarship, Arizona State University: 1996-2000
• Merit Award for standing third overall in the 1992 graduating MBA class
• Merit Scholarship from Bharat Petroleum Corporation, India: 1986-1990

Teaching

PhD Level Courses

• Corporate Finance Seminar: Temple University, Purdue University, Georgia State University. Teaching Evaluation: 4.8*.

Graduate Level Courses

• Corporate Finance Seminar: Temple University, Purdue University, Georgia State University (students from MSF, full and part-time MBA, executive MBA and international MBA programs). Teaching Evaluation: 4.6*.

Undergraduate Courses

• Corporate Finance: Temple University, Purdue University, Arizona State University. Teaching Evaluation: 4.7*.

Average evaluations: Scale: 1=Very Poor, 5=Very Good

In the News

• Dr. Naveen Makes Sure her Students Get a Return on Their Investment
• Ten Faculty Members Honored at Faculty Awards Luncheon

Media Citations

• Atlanta Business Chronicle
• Business Week
• Chicago Sun?Times
• Fox 29 TV
• Gwinett Daily Post
• KYW News Radio
• LA Times
• Marketplace Business, “The complicated formula — and incentives — behind CEO pay”
• Nashville Business Journal
• Temple University News
• The Statesman
• The Financial Times (Singapore)
• The Hindu
• USA Today
• Wall Street Journal
• Wall Street Journal Europe