Ramana Sonti
Clinical Associate Professor of Finance


E-mail: ramana.sonti@pitt.edu


Professor Ramana Sonti (he/him/his) joined the Katz faculty as a Clinical Associate Professor in the Finance area in January 2023. He previously served as Clinical Associate Professor at the Indian School of Business. Prior to that, he has taught at BITS Pilani, Hyderabad campus, Tulane University, Kent State University and Michigan State University. His teaching spans a variety of  courses such as Corporate finance, Investment Analysis, Options & Futures, Advanced Portfolio Management, Value investing, Investing in private equity, Capital raising strategies in corporations, Econometrics, Theory of Finance etc.

His research interests include corporate governance, institutional investment behavior, and links between financial and product markets, and he has published research in leading journals such as Journal of Financial Economics, Review of Financial Studies, Journal of Financial Markets, Journal of Financial and Quantitative Analysis, and The Accounting Review.


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Awards and Honors

  • Professor of the year, Elective courses, Post graduate program for working professionals, ISB, 2022
  • Professor of the year, Elective courses, Post graduate program for working professionals, ISB, 2021
  • Professor of the year, Elective courses, Post graduate program for working professionals, ISB, 2018


  • Ph D, Michigan State University, 2000
    • Major: Finance, Minor: Econometrics
  • Post Graduate Diploma in Management, Indian Institute of Management, India, 1994
    • Major: Finance
  • Bachelor of Technology, National Institute of Technology, India, 1992
    • Major: Electronics and Communication Engineering

Published Research

Sonti, R., with Charles J Hadlock (2012). Financial Strength and Product Market Competition: Evidence from Asbestos Litigation. Journal of Financial and Quantitative Analysis, 47(1), 179-209.

Sonti, R., with Michael S Cichello, C Edward Fee and Charles J Hadlock (2009). Promotions, Turnover, and Performance Evaluation: Evidence from the Careers of Division Managers. The Accounting Review, 84(4), 1119-1143.

Sonti, R., with Naveen Khanna and Thomas H Noe (2008). Good IPOs draw in bad: Inelastic banking capacity and hot markets. Review of Financial Studies, 21(5), 1873-1906.

Sonti, R., with Assem Safieddine (2007). Momentum and industry growth. Review of Financial Economics, 16(2),203-215.

Sonti, R., with Scott Gibson and Assem Safieddine (2004). Smart investments by smart money: Evidence from seasoned equity offering. Journal of Financial Economics, 72(3), 581-604.

Sonti, R., with Naveen Khanna (2004). Value creating stock manipulation: Feedback effect of stock prices on firm value. Journal of Financial Markets, 7(3), 237-270.

Sonti, R., with Nupur Pavan Bang and Thirumalai, Ramabhadran S. Share pledges and Market reactions, “Risk Intelligence, Global Association of Risk Professionals (GARP). http://www.garp.org/#!/risk-intelligence/all/all/a1Z40000003CLgtEAG/share-pledges-and-market-reactions