;

Vikrant Vig

Professor of Finance (on leave from London Business School)

BS (Delhi) MS MBA MiF (Illinois) PhD (Columbia)

Professor Vig’s research interests lie in the area of financial contracting and include: financial intermediation, firm choice of optimal debt structure, corporate governance, and law and finance. His papers have been published in leading journals, including the American Economic Review, the Quarterly Journal of Economics, the Journal of Political Economy, the Journal of Finance, the Journal of Financial Economics and the Review of Financial Studies. He was previously Editor of the Review of Finance and currently serves on the advisory board of that journal. He is also currently an Associate Editor of the Journal of Financial Intermediation. Vikrant has won several awards for his research and his work has been featured in leading media outlets, including the Economist, the Financial Times New York Times, the Wall Street Journal. Professor Vig received his PhD from Columbia University; his Master of Finance, MBA, and Master of Science in Engineering from the University of Illinois; and his bachelor’s degree in Mechanical Engineering from the University of Delhi.

Research Awards


  • London Business School Term Associate Professor of Finance (since 2010).

  • Finalist for the 2006 Lehman Brothers Fellowship for Excellence in Finance.

  • Visiting Scholar, Harvard Economics Department, 2010.

  • LECG Best Corporate Finance Paper Award, European Finance Association, 2010.

  • EUROBANK Overall Best Paper Award, European Finance Association, 2008.

  • Best Paper Award, Mitsui Conference, 2008. BSI Gamma Grant (2008).

  • CitiBank Best Paper Award, ISB, 2008.

  • NISM Best Paper Award, 2008.

  • Runner-up: Best Teacher Award (MiF) 2009, 2011.

  • Columbia University Center for International Business Education and Research (CIBER)-Chazen Institute Doctoral Research Grant, Summer 2005.

  • Doctoral Fellowship, Columbia Business School, Columbia University, 2002-2007.

  • Corporate finance theory
  • Empirical corporate finance
  • Bankruptcy, law and finance
  • Corporate governance
  • Incentives
  • Financial contracting
  • Organisational economics

2021

Talent in distressed firms: investigating the labor costs of financial distress

Baghai R; Silva R; Thell V; Vig V

Journal of Finance 2021 Vol 76:6 p 2907-2961

2020

Experience of communal conflicts and inter-group lending

Fisman R; Sarkar A; Skrastins J; Vig V

Journal of Political Economy 2020 Vol 128:9

LBO risk and credit spreads

Eisenthal-Berkovitz Y; Feldhutter P; Vig V

Journal of Financial Economics 2020 Vol 135:3 p 577-601

2019

How organizational hierarchy affects information production

Skrastins J; Vig V

Review of Financial Studies 2019 Vol 32:2 p 564-604

2018

Rent seeking in elite networks

Vig V; Haselmann R; Schoenherr D

Journal of Political Economy 2018 Vol 126:4 p 1638-1690

2017

Cultural proximity and loan outcomes

Fisman R; Paravisini D; Vig V

American Economic Review 2017 Vol 107:2 p 457-492

2015

Labor protection and leverage

Simintzi E; Vig V; Volpin P

Review of Financial Studies 2015 Vol 28:2 p 561-591

The failure of models that predict failure: distance, incentives and defaults

Rajan U; Seru A; Vig V

Journal of Financial Economics 2015 Vol 115:2 p 237-260

2014

Private returns to public office

Fisman R; Schulz F; Vig V

Journal of Political Economy 2014 Vol 122:4 p 806-862

Mortgage financing in the housing boom and bust

Keys B J; Piskorski T; Seru A; Vig V

In National Bureau of Economic Research "Housing and the Financial Crisis" 2013

2012

Lender screening and role of securitization: Evidence from prime and subprime mortgage markets

Keys B J; Seru A; Vikrant V

Review of Financial Studies 2012 Vol 25:7 p 207-2108

2011

The unintended effects of the Sarbanes-Oxley Act

Chhaochharia V; Otto C A; Vig V

Journal of Institutional and Theoretical Economics 2011 Vol 167:1 p 149-164

2010

Did securitization lead to lax screening: Evidence from subprime loans 2001-2006

Vig V; Keys B; Mukherjee T; Seru A

Quarterly Journal of Economics 2010 Vol 125:1 p 307-362

How law affects lending

Vig V; Pistor K; Haselman R

Review of Financial Studies 2010 Vol 23:2 p 549-580

Securitization and distressed loan renegotiation: Evidence from the subprime mortage crisis

Vig V; Piskorski T; Seru A

Journal of Financial Economics 2010 Vol 97:3 p 369-397

Statistical default models and incentives

Vig V; Rajan U; Seru A

American Economic Review 2010 May Vol 100:2 p 506-510

2009

Financial regulation and securitization: Evidence from subprime loans

Keys B J; Mukherjee T; Seru A; Vig V

Journal of Monetary Economics 2009 Vol 56:5 p 700-720

2008

On estimating the distribution of optimal traveling salesman tour lengths using heuristics

Vig V; Palekar U S

European Journal of Operational Research 2008 Vol 186:1 p 111-119

2022

Decomposing fire sale discounts

Franks J R; Seth G; Sussman O; Vig V

European Corporate Governance Institute - Finance Working Paper

2021

Information, Credit, and Organization

Liberti J M; Seru A; Vig V

Working Paper

The Limits of Coase: A Study of Financial Distress in the Shipping Industry

Franks J; Seth G; Sussman O; Vig V

Working Paper

The limits of model-based regulation

Behn M; Haselmann R; Vig V

Working Paper

2016

Information, credit and organization

Liberti J; Seru A; Vig V

Social Sciences Research Network

Leveraged buyouts and credit spreads

Eisenthal-Berkovitz Y; Feldhutter P; Vig V

Social Sciences Research Network

Team stability and performance: evidence from private equity

Cornelli F; Simintzi E; Vig V

Social Sciences Research Network

2015

Talent in distressed firms: labor fragility and capital structure

Baghai R; Silva R; Thell V; Vig V

Social Sciences Research Network

2014

How Hierarchies Affect Information Production

Skrastins J; Vig V

IFA Working Paper

2013

The political economy of bank bail-outs

Behn M; Haselmann R; Kick T; Vig V

IFA Working Paper

2012

Lending in social networks

Haselmann R; Schoenherr D; Vig V

IFA Working Paper

The differential impact of bank liberalization

Behn M; Haselmann R; Vig V

Working Paper

2010

Labor and capital: is debt a bargaining tool?

Simintzi E; Vig V; Volpin P

Working Paper

2019

Government Ownership of Banks and Corporate Innovation

Bian B; Haselmann R; Vig V; di Mauro B W

Working Paper

The Political Economy of Decentralization: Evidence from Bank Bailouts

Bian B; Haselmann R; Kick T; Vig V

Working Paper


Teaching portfolio

Our teaching offering is updated annually. Faculty and programme material are subject to change.