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Vikrant Vig

London Business School Term Chair Professor of Finance


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

Dr Vikrant Vig’s research interests lie in the area of financial contracting and include: financial intermediation, firm’s choice of optimal debt structure, corporate governance, and law and finance. His current research focuses on the sub-prime mortgage market in the US where he investigates how securitisation affects the incentives of different agents in the supply-chain of credit.  

Vikrant has won several awards for his research on Securitisation. In 2008, his paper titled ‘Did Securitisation Lead to Lax Screening: Evidence from Subprime Loans’, won the best paper award at the European Finance Association meetings. The paper also won several other awards, such as the Mitsui Best Paper Award at the University of Michigan conference.  

Dr Vig’s research on securitisation was cited in a number of congressional hearings in the US on the optimal policy response to the current housing crisis. More recently, his paper on the effect of labour regulations on capital structure, won the best paper award at the European Finance Association 2010 meetings.  

At the London Business School, Vikrant teaches the Investments (core) course to full-time Masters in Finance students and a specialised Financial Economics course to PhD students. In 2009 and 2011, Vikrant was the runner-up for the best teaching award in the Masters in Finance programme.

2015

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

2013

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

Statistical default models and incentives

Vig V; Rajan U; Seru A

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

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

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

2015

Talent in distressed firms: Labor fragility and capital structure

Baghai R; Silva R; Thell V; Vig V

Working Paper

2014

The Limits of Model-Based Regulation

Behn M; Haselmann R; Vig V

IFA Working Paper

How Hierarchies Affect Information Production

Skrastins J; Vig V

IFA Working Paper

2013

Information, Credit and Organization

Liberti J; Seru A; Vig V

IFA Working Paper

The Political Economy of Bank Bail-Outs

Behn M; Haselmann R; Kick T; Vig V

IFA Working Paper

2012

The Differential Impact of Bank Liberalization

Behn M; Haselmann R; Vig V

Lending in Social Networks

Haselmann R; Schoenherr D; Vig V

IFA Working Paper

Cultural Proximity and Loan Outcomes

Fisman R; Paravisini D; Vig V

American economic Review

2010

Labor and Capital: Is Debt a Bargaining Tool?

Simintzi E; Vig V; Volpin P

E197 Capital Markets & Financing

PhD Course in Financial Economics III: Corporate Finance SUM15

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.

Research Interests

Corporate finance theory, empirical corporate finance, bankruptcy, law and finance, corporate governance, incentives, financial contracting and organisational economics.