Aswath Damodaran

Biography

Aswath Damodaran holds the Kerschner Family Chair in Finance Education and is Professor of Finance at New York University Stern School of Business. Before coming to Stern, he also lectured in Finance at the University of California, Berkeley.

Professor Damodaran received a B.A. in Accounting from Madras University and a post graduate diploma in Management from the Indian Institute of Management. He earned an M.B.A. (1981) and then Ph.D. (1985), both in Finance, from the University of California, Los Angeles.

Professor Damodaran's contributions to the field of Finance have been recognized many times over. He has been the recipient of Giblin, Glucksman, and Heyman Fellowships, a David Margolis Teaching Excellence Fellowship, and the Richard L. Rosenthal Award for Innovation in Investment Management and Corporate Finance.

His skill and enthusiasm in the classroom garnered him the Schools of Business Excellence in Teaching Award in 1988, and the Distinguished Teaching award from NYU in 1990. His student accolades are no less impressive: he has been voted "Professor of the Year" by the graduating M.B.A. class nine times during his career at NYU.

In addition to myriad publications in academic journals, Professor Damodaran is the author of several highly-regarded and widely-used academic texts on Valuation, Corporate Finance, and Investment Management.

Professor Damodaran currently teaches Corporate Finance and Valuation to the MBAs, and his interests lie in disentangling value drivers and understanding market pricing and behavior.

Research Interests

• Information and Prices
• Real Estate
• Valuation

Courses Taught

• Corporate Finance
• Equity Instruments & Markets

Academic Background

Ph.D., Finance, 1985
UCLA

M.B.A., Finance, 1981
UCLA

M.S., Management, 1979
Indian Institute of Management

B.Com., Accounting, 1977
Madras University

Selected Publications

Aswath Damodaran (2011)
Breach of Trust: Valuing Financial Service Firms in the Post-Crisis Era

Aswath Damodaran (2011)
Equity Risk Premiums (ERP): Determinants, Estimation and Implications - The 2011 Edition

Aswath Damodaran (2010)
Comatose Markets: What if Liquidity is Not the Norm?

Aswath Damodaran (2010)
Risk Management: A Corporate Governance Manual

Aswath Damodaran (2010)
A New 'Risky' World Order: Unstable Risk Premiums: Implications for Practice