Our Faculty and Staff

Darshana Palkar, Ph.D.

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Professor - Finance


Finance and Economics


H. Wayne Huizenga College of Business & Entrepreneurship

I am a Professor of Finance at Nova Southeastern University. My current research focuses on initial public offerings, volatility anomaly, and the relation between expected inflation and equity prices.

My research articles have been published in Financial Analysts Journal, Financial Review, Applied Financial Economics, Managerial Finance, and Journal of Investing.

I have presented at various regional, national, and international conferences. I teach in the undergraduate and MBA programs.

I previously taught at Minnesota State University, Mankato where I received the Outstanding Finance Faculty Award for two consecutive years 2007-2008 and 2008-2009. I was also the recipient of the Teaching Fellowship Award at University of North Texas in the year 2004-05.

  • Ph.D. - University North Texas - Finance
  • M.A. - University of Mumbai, India - Economics
  • CERT. - The Institute of Chartered Financial Analysts of India - CFA(Icfai)
  • B.S. - University of Mumbai, India - Accounting and Auditing

FIN 3110 Financial Management

FIN 5130 Financial Management

Local Corporate Misconduct and Local Initial Public Offerings, FMA European Conference, 2019, Glasgow, Scotland

Predictability And Reasonableness Of Discounts And Premiums On Closed-End Funds, Clute Institute International Academic Conference, Maui, 2013, Maui, HI

Risk and the Volatility Anomaly: A Global Analysis, Eastern Finance Association, 2013

Palkar, D. (2022). The spillover effects of financial misconduct on the value of cash of peer firms. Managerial Finance, 48(4), 643-662.

Darshana Palkar, Randi Sims, & Emre Kuvvet (2020). Geographical Proximity and Value of Corporate Cash Holdings. Managerial Finance 46(9), pp. 1101-1122.

Emre Kuvvet & Darshana Palkar (2020). Local Corporate Misconduct and Local Initial Public Offerings. Financial Review 55(1), pp. 169-192.

Darshana Palkar, TeWhan Hahn, & Ravi Chinta (2019). US Economic Recession, Changes in Strategic Behaviors, and Performance of Asian Firms. SAM Advanced Management Journal 84(2), pp. 4-20.

TeWhan Hahn, Ravi Chinta, & Darshana Palkar (2017). Strategy Behaviors of Firms in Times of External Shocks and Their Impact on Operating Performance – An Event Study. SAM Advanced Management Journal 82(4), pp. 61-71.

Darshana Palkar (2017). Cash Flow Volatility - Return Relation and Financial Constraints: International Evidence. Managerial Finance 43(3), pp. 354-378.

Jack De Jong & Darshana Palkar (2016). Risk and the Volatility Anomaly. Journal of Investing 25(3), pp. 17-28.

Darshana Palkar, Peter Stimes, & Stephen Wilcox (2014). Predictability and Reasonableness of Discounts and Premiums on Closed-End Funds. Journal of Investing 23(4), pp. 57-73.

Darshana Palkar, Stephen Larson, & Robert Larson (2012). The Valuation Effects of Military Contract Awards Surrounding September 11th. Applied Financial Economics 22(2), pp. 147-164.

Darshana Palkar & Stephen Wilcox (2012). Equity Price Sensitivity and Expected Inflation. Journal of Investing 21(3), pp. 24-35.

Darshana Palkar & Niranjan Tripathy (2011). Seasoned Equity Offerings: Stock Market Liquidity and Duration of the Completion Cycle. Managerial Finance 37(4), pp. 380-405.

Darshana Palkar & Stephen Wilcox (2009). Adjusted Earnings Yields and Real Rates of Return. Financial Analysts Journal 65(5), pp. 66-79.