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Zenu Sharma

Zenu Sharma

Associate Professor of Finance

Bachelors of Commerce, Punjab University, IndiaMaster of Finance and Control, Punjab University, IndiaPh.D., Rensselaer Polytechnic Institute


Zenu Sharma finished her Ph.D. in Finance from Rensselaer Polytechnic Institute in Troy New York in the year 2009 and she taught corporate finance at EDHEC Business School for two years. Before pursuing a doctoral degree in finance, she worked for five years in the banking and financial intermediation sector in India. Her areas of research interests include corporate finance, executive compensation, corporate governance, financial intermediation, and emerging markets. She also conducts research on firm level innovation and corporate social responsibility specifically with a focus on the environment.


Corporate Finance, Financial Intermediation, Capital Markets and Emerging Markets


1. Pay Disparity and Innovation: Evidence from firm level data - International Journal of Banking, Accounting, and Finance, 3 (2011).

2. Leverage and growth: Effect of stock options (with Bill Francis and Iftekhar Hasan) - Journal of Economics and Business, 63 (2011) 558–581.

3. Do banks value innovation: Evidence from US firms (with Bill Francis, Iftekhar Hasan, and Ying Huang) - Financial Management, 41 (2012), 159-186.

4. Environmental corporate social responsibility and financial performance: Disentangling direct and indirect effects (with Abraham Lioui) - Ecological Economics, 78 (2012) 100–111.

5. Asymmetric benchmarking of pay in firms (with Bill Francis, Iftekhar Hasan, and Kose John,) - Journal of Corporate Finance, 23 (2013) 39–53.

6. When do pay spreads affect firm value (with Weihua Huang) – Applied Financial Economics, 24 (2014) 11, 723–737.

7. Is There a Bright Side to Government Banks? Evidence from the Global Financial Crisis, (with Y. S. Chen, Lin Chen, and C-Y Lin) - Journal of Financial Stability, 26 (2016) 128-143.

8. Board Composition and Innovation - Applied Finance Letters, 5 (2016)


Ellis and Karin Chingos ’37 Fellowship Award, RPI, Troy, NY (2004-2005)
Founders Award: Best Graduate Student at RPI, 2008