Faculty and Staff

Swasti Gupta-Mukherjee

About

Dr. Gupta-Mukherjee’s research broadly relates to investments and the functioning of financial markets.  Her recent work relates to measuring and explaining the performance of participants in financial markets, ranging from sophisticated agents such as institutional investors and security analysts, to unsophisticated (retail) investors. She has also published research on the performance of private equity and venture capital investors.  Some of her work focuses on behavioral finance, or the psychology of decision-making, and how it pertains to outcomes in financial markets of both unsophisticated and sophisticated economic agents. Dr. Gupta-Mukherjee has published her research in several academic journals, has co-authored a book chapter, and has served as a reviewer for numerous academic journals and conferences. Some of her works-in-progress relate to the role of ESG factors in investment decisions. Dr. Gupta-Mukherjee received the Quinlan Faculty Researcher of the Year Award in 2018. She has taught the core undergraduate finance course and graduate investment management course at Quinlan since 2007.

Degrees

• PhD in Finance, Georgia Institute of Technology, 2007
• B. Tech (With Honors), Chemical Engineering, Indian Institute of Technology (IIT), Kharagpur (2002)

Research Interests

• Investments
• Mutual Funds
• Institutional Investors 
• Information Economics 
• Behavioral Finance
• Corporate Finance 

Awards

• Finalist for the 2013 Dr. Richard A. Crowell Memorial Prize awarded by PanAgora Asset Management
• Quinlan Faculty Support Research Grant (2015-2016, 2014-2015, 2013-2014, 2009-2010, 2008-2009)
•  Loyola University Chicago, Summer Research Award (2014, 2013, 2010, 2009, 2008)
•  Research Grant, Batten Institute for Entrepreneurship and Innovation (2010-2011)
•  National Science Foundation (NSF) IGERT Graduate Associate (2004-2006)
•  American Finance Association (AFA) Student Travel Award (2006)
•  National Bureau of Economic Research (NBER) Fellowship (2003)
•  Best Graduating Student, Indian Institute of Technology (IIT), Kharagpur (2002)
•  IIT Joint Entrance Examination All India Rank in top 1000
•  West Bengal Joint Entrance Examination All India Rank in top 200

Selected Publications

Refereed Articles

Chaplinsky, S., Gupta-Mukherjee, S.“Investment Risk Allocation and the Venture Capital Exit Market: Evidence from Early Stage Investing." Journal of Banking and Finance, 2016, Vol. 73, 38–54.

Gupta-Mukherjee, S. “Investing in the 'New Economy': Mutual Fund Performance and the Nature of the Firm” Journal of Financial and Quantitative Analysis, 2014, Vol. 49 (1), 165–191. Excerpted in the CFA Digest, Vol. 44, December 2014.

Fu, R., S. Gupta-Mukherjee. “Geography, Informal Information Flows and Mutual Fund Portfolios.” Financial Management, 2014, Vol. 43 (1), 181–214

Gupta-Mukherjee, S. “When Active Fund Managers Deviate from their Peers: The Impact on Performance.” Journal of Banking & Finance. 37.4 (2013). 1286–1305.

Gupta-Mukherjee, S., R. Chakrabarti, N. Jayaraman.  "Mars-Venus Marriages: Culture and Cross-border M&A." Journal of International Business Studies. (2008).

Gupta-Mukherjee, S., M. Thursby,  J. Thursby. "Are there Real Effects of Licensing on Academic Research? A Life Cycle View." Journal of Economic Behavior and Organization. (2007).

Other Publications

Chaplinsky, S., Gupta-Mukherjee, S. “The Decline in Venture-backed IPOs: Implications for Capital Recovery.” Handbook of Academic Research on IPOs, 2013, Edward Elgar Publishing