Atul Rai
Ph.D., Assistant Professor of Accounting, University of Alabama, College of Administrative Science, USA
Education
Ph.D. - New York University's Stern School of Business, New York, NY, 1996
Major Area: Accounting
Minor Area: Finance
M.B.A. - Marketing and Finance, Indian Institute of Management, Calcutta, India, 1983
B.A. of Technology. - Mechanical Engineering, Indian Institute of Technology, Kanpur, India, 1981
Academic Experience
Assistant Professor of Accounting, University of Alabama in Huntsville, Alabama, 2003 - present
Assistant Professor of Accounting, Florida State University, College of Business, Tallahassee, FL, 1996 - 2003
Visiting Assistant Professor of Accounting, Zicklin School of Accountancy, Baruch College, CUNY, New York, NY, 2001 - 2002 (on leave from FSU)
Adjunct Faculty, New York University, Stern School of Business, New York, NY, 1993 - 1996
Industry Experience
Assistant Vice President, TIMCO (a division of Smith and Barney), April - August 1996
Products Manager, Voltas Limited (a licensee partner of P&H Inc., Milwaukee), 1985 - 1989
Area Sales Manager, Escorts Limited 1984 -1985
Materials Engineer, Larsen and Toubro Limited, 1983 - 1984
Research Interests
Analytical and Empirical Issues in Capital Markets
Valuation Models
Stock Price Reactions
Market Anomalies
Earnings Forecasts
Efficiency of Firms
Empirical Managerial Accounting
Currently Teaching
Financial Accounting (ACC 211)
Financial Statement Analysis (ACC 603)
Professional Services and Affiliations
Reviewer - European Accounting Review, Journal of Accounting, Auditing and Finance, Advances
in Accounting, American Accounting Association, National Meetings, American
Accounting Association, New York Regional Meetings
Moderator - American Accounting Association Meetings, Atlanta 2001, New York 1995
Major Awards
National Science Talent Search Scholarship (complete college tuition)
New York University Doctoral Fellowship ($15,000 per annum and tuition)
Coopers and Lybrand Doctoral Fellowship ($5,000 per annum and paid summer position at C&L National Office)
Sonn Execellence Fellowship ($10,000 per annum)
Best Project Award in Mechanical Engineering, Indian Institute of Technology, for the graduating class of 1981
Beta Gamma Sigma
Publications
Published papers
Rai, Atul. "Reconciliation of net income to cash flow from operations: An accounting equation approach." Journal of Accounting Education. Vol 21, 2003.
Rai, Atul, with Ken Hackel, and Joshua Livnat. "An Investment Strategy Based on Free Cash Flow," Journal of Accounting Auditing and Finance. Winter 2000.
Rai, Atul, with K. Hackel, and J. Livnat. "Free Cash Flow -Small Cap Anomaly" Section: Equity Valuation, abstract of the paper. CFA Digest. Spring 1995.
Rai, Atul, with Ken Hackel and Joshua Livnat. "Free Cash Flow - Small Cap Anomaly," Financial Analyst Journal. Sept-Oct 1994.
Working papers, Current Projects and Papers Under Review
Rai, Atul, with Joseph Kerstein. "Discretionary Working Capital Accruals and Market Expectations of Earnings Management. "
Rai, Atul. "Changes in risk characteristics of firms issuing hybrid securities: Case of convertible bonds."
Rai, Atul, with Jackie Moffitt. "Information content of earnings and special items: a reexamination."
Rai, Atul. "Differential price reaction to the earnings forecasts of value and glamour stocks."
Rai, Atul. "Analysts earnings forecasts of value and glamour firms."
Rai, Atul. "Measurement of efficiencies in U.S. airlines industry."
Rai, Atul, with Lynne Wiekart and Bharat Sarath. "Measurement of School Efficiencies in New York School District."
Doctoral Thesis Supervision
Member of thesis supervising committee of Cal Christian, Florida State University, 2000, "The influence of accounting for business combination on firm value."
Invited Presentations
American Accounting Association, (National), Atlanta
The Mathematical Association of America Meeting, Tallahassee, FL; Bocconi University, Milan, Italy; University of Florida, Gainesville (two presentations), University of Alabama in Huntsville, University of California, Irvine; University of California, Davis; University of Manitoba, Winnipeg; New York University, New York; Florida State University (five presentations)
Financial Accounting and Economics Conference, New York; Fordham University, New York; AAA (Regional), Buffalo; AAA (Regional), New York, NY
Financial Management Association, Homestead, VA;
Midwest Finance Association, Kansas City
Southwest Federation of Academic Disciplines, San Antonio
Ph.D. - New York University's Stern School of Business, New York, NY, 1996
Major Area: Accounting
Minor Area: Finance
M.B.A. - Marketing and Finance, Indian Institute of Management, Calcutta, India, 1983
B.A. of Technology. - Mechanical Engineering, Indian Institute of Technology, Kanpur, India, 1981
Academic Experience
Assistant Professor of Accounting, University of Alabama in Huntsville, Alabama, 2003 - present
Assistant Professor of Accounting, Florida State University, College of Business, Tallahassee, FL, 1996 - 2003
Visiting Assistant Professor of Accounting, Zicklin School of Accountancy, Baruch College, CUNY, New York, NY, 2001 - 2002 (on leave from FSU)
Adjunct Faculty, New York University, Stern School of Business, New York, NY, 1993 - 1996
Industry Experience
Assistant Vice President, TIMCO (a division of Smith and Barney), April - August 1996
Products Manager, Voltas Limited (a licensee partner of P&H Inc., Milwaukee), 1985 - 1989
Area Sales Manager, Escorts Limited 1984 -1985
Materials Engineer, Larsen and Toubro Limited, 1983 - 1984
Research Interests
Analytical and Empirical Issues in Capital Markets
Valuation Models
Stock Price Reactions
Market Anomalies
Earnings Forecasts
Efficiency of Firms
Empirical Managerial Accounting
Currently Teaching
Financial Accounting (ACC 211)
Financial Statement Analysis (ACC 603)
Professional Services and Affiliations
Reviewer - European Accounting Review, Journal of Accounting, Auditing and Finance, Advances
in Accounting, American Accounting Association, National Meetings, American
Accounting Association, New York Regional Meetings
Moderator - American Accounting Association Meetings, Atlanta 2001, New York 1995
Major Awards
National Science Talent Search Scholarship (complete college tuition)
New York University Doctoral Fellowship ($15,000 per annum and tuition)
Coopers and Lybrand Doctoral Fellowship ($5,000 per annum and paid summer position at C&L National Office)
Sonn Execellence Fellowship ($10,000 per annum)
Best Project Award in Mechanical Engineering, Indian Institute of Technology, for the graduating class of 1981
Beta Gamma Sigma
Publications
Published papers
Rai, Atul. "Reconciliation of net income to cash flow from operations: An accounting equation approach." Journal of Accounting Education. Vol 21, 2003.
Rai, Atul, with Ken Hackel, and Joshua Livnat. "An Investment Strategy Based on Free Cash Flow," Journal of Accounting Auditing and Finance. Winter 2000.
Rai, Atul, with K. Hackel, and J. Livnat. "Free Cash Flow -Small Cap Anomaly" Section: Equity Valuation, abstract of the paper. CFA Digest. Spring 1995.
Rai, Atul, with Ken Hackel and Joshua Livnat. "Free Cash Flow - Small Cap Anomaly," Financial Analyst Journal. Sept-Oct 1994.
Working papers, Current Projects and Papers Under Review
Rai, Atul, with Joseph Kerstein. "Discretionary Working Capital Accruals and Market Expectations of Earnings Management. "
Rai, Atul. "Changes in risk characteristics of firms issuing hybrid securities: Case of convertible bonds."
Rai, Atul, with Jackie Moffitt. "Information content of earnings and special items: a reexamination."
Rai, Atul. "Differential price reaction to the earnings forecasts of value and glamour stocks."
Rai, Atul. "Analysts earnings forecasts of value and glamour firms."
Rai, Atul. "Measurement of efficiencies in U.S. airlines industry."
Rai, Atul, with Lynne Wiekart and Bharat Sarath. "Measurement of School Efficiencies in New York School District."
Doctoral Thesis Supervision
Member of thesis supervising committee of Cal Christian, Florida State University, 2000, "The influence of accounting for business combination on firm value."
Invited Presentations
American Accounting Association, (National), Atlanta
The Mathematical Association of America Meeting, Tallahassee, FL; Bocconi University, Milan, Italy; University of Florida, Gainesville (two presentations), University of Alabama in Huntsville, University of California, Irvine; University of California, Davis; University of Manitoba, Winnipeg; New York University, New York; Florida State University (five presentations)
Financial Accounting and Economics Conference, New York; Fordham University, New York; AAA (Regional), Buffalo; AAA (Regional), New York, NY
Financial Management Association, Homestead, VA;
Midwest Finance Association, Kansas City
Southwest Federation of Academic Disciplines, San Antonio