Raghu Rau is the Sir Evelyn de Rothschild Professor of Finance at the Cambridge Judge Business School. He is also a founder and director of the Cambridge Centre for Alternative Finance (CCAF), as well as a member of the Cambridge Corporate Governance Network (CCGN).
Raghu Rau has taught at a number of universities around the world, including the Institut d’Etudes Politiques de Paris (Sciences PO), Purdue University, the University of California at Los Angeles, and the University of California at Berkeley. Previously, he was president of the European Finance Association and Principal at Barclays Global Investors, then the largest asset manager in the world, in San Francisco from 2008-2009.
His research interests include empirical corporate finance, information economics, behavioral finance, and game theory. His papers focus on why investors behave the way they do in real life. He has investigated for example, behavioral biases that make investors value companies higher when the companies change their names, the effect of early-life natural disasters on CEO risk taking behavior, and why investors chase stale returns in mutual fund reported performance numbers. He has also published a textbook on corporate finance.
Professor Rau is a former editor of Financial Management, and currently sits on the editorial board of several academic journals including the Journal of Corporate Finance, Journal of Banking and Finance, Journal of Financial Stability, Financial Review, and the Quarterly Journal of Finance. His research has frequently been covered by the popular press including the New York Times, the Financial Times, the Wall Street Journal, and The Economist, among others. In 2015, Raghu was awarded the Ig Nobel Management Prize for his paper “What doesn’t kill you will only make you more risk-loving: Early life disasters and CEO behavior”.