Overview
Professor Vashishtha is a Professor in the Accounting area. He received his PhD in Accounting from the University of Pennsylvania. Professor Vashishtha’s research focuses on the determinants of disclosure and its economic consequences, executive compensation, and the role of information in asset pricing. His recent work examines how firms’ disclosure policies get jointly determined along with capital structure. He teaches financial accounting.
Current Appointments & Affiliations
Professor of Business Administration
·
2025 - Present
Fuqua School of Business
Recent Publications
The Decision Relevance of Loan Fair Values for Depositors
Journal Article Journal of Accounting Research · March 1, 2025 Using a large sample of U.S. commercial banks from 1994 to 2019, we find that loan fair values are highly relevant for depositor decision making. A one-standard-deviation decrease in loan fair value performance is associated with more than 10% lower uninsu ... Full text CiteDo Firms Smooth Earnings Less When They Can Hedge Noise Better?
Journal Article Accounting Review · March 1, 2025 Firms’ use of accounting discretion to report a smooth earnings profile is commonly believed to be pervasive. We examine whether smoothing, at least partly, reflects managerial attempts to avert unhealthy pressures from outsiders who cannot fully disentang ... Full text CiteLiquidity Transformation and Fragility in the U.S. Banking Sector
Journal Article Journal of Finance · December 1, 2024 Liquidity transformation, a key role of banks, is thought to increase fragility, as uninsured depositors face an incentive to withdraw money before others (a so-called panic run). Despite much theoretical work, however, there is little empirical evidence e ... Full text CiteEducation, Training & Certifications
University of Pennsylvania ·
2012
Ph.D.
Indian School of Business (India) ·
2004
M.A.
Indian Institute of Technology, Delhi (India) ·
2000
B.A.