Dr. Achintya Ray


Department: Economics and Finance
Financial Statement Analysis, Data Science, Econometrics and Statistical Modeling, Economic Implications of Cybersecurity

Office: Avon Williams Campus J401
Phone: 615.963.7347
Email: aray4@tnstate.edu

Personal Website
Google Scholar Page
  Bio Education Courses Taught
Publications and Awards

Book Chapters

A. Ray, (2017), "Economics of Discretionary Accrual, Fair Value Accounting, and
Accounting Fraud: A Simple Introduction", In Lalit Joshi & Paramita Chakravarty
(ed) "Emerging issues in Accounting, Finance and Taxation."

A. Ray, (2016), "Effects of Competitive Structure on Loan Pricing and Credit Provisioning in Oligopolistic Banking Industry", In Kazuhiro Ohnishi (ed) "Firms' Strategic Decisions: Theoretical and Empirical Findings", Volume 2:


Academic Papers and Articles

A. Ray, (2018), "Are Inventories Accretive? Lessons from Inventory and Earnings Relationship in the U.S. Capital Goods Sector", Accounting and Finance Research,
Vol. 7, No. 1, pp. 40 - 57

A. Mukherjee & A. Ray, (2014), "Entry, Profit and Welfare Under Asymmetric R&D
Costs", The Manchester School, Vol. 82, Issue 3, pp. 284 - 295.

A. Ray, (2011), "Prevalence Rates and Racial disparities in undiagnosed pre-diabetes in the US population: Evidence from the National Health and Nutrition Examination survey of 2007 - 08", Economics Bulletin, Vol. 31, No. 4, pp. 3240 - 3252.

A. Ray, (2010), "Strategic Technology Adoption and Optimal R&D Under Asymmetric Information", International Research Journal of Finance & Economics,
Issue 36, pp. 7 - 15.

A. Mukherjee & A. Ray, (2009), "Unsuccessful patent application and cooperative
R&D", Journal of Economics, Vol. 97, pp. 251 - 263.

A. Ray & I. Ray, (2009), "Stability of Housing Prices in Major US Cities: A Time
Series Analysis of S&P/Case-Shiller Housing Price Indices", Journal of Money, Investment, and Banking, Issue 7, January, pp. 43 - 49.

A. Ray, (2008), "An Analysis of Corporate Social Responsibility through the Lens of
Corporate Finance", Money Manager, Vol. 2, pp. 61 - 64.

A. Ray, (2008), "Development Planning In A Liberalized Economy: The Case of
India", Indian Economy Review, Vol. V, September, pp. 150 - 161.

A. Ray & I. Ray, (2008), "Measuring Immigration Related Diversity in the US",
European Journal of Scientific Research, Vol. 23, No. 4, pp. 513 - 517.

A. Ray & I. Ray, (2008), "Intra-Household Allocation, Household Public Good, and
Labor Force Participation of Women", International Research Journal of Finance
& Economics, Issue 21, pp. 135 - 141.

A. Ray, (2008), "The Nature of Healthcare: A Cross-National Time Series Perspective",
Available at SSRN: http://ssrn.com/abstract=1319645

A. Mukherjee & A. Ray, (2007), "Strategic Outsourcing and R&D in a Vertical Structure", The Manchester School, Vol. 75, Issue 3, pp. 297 - 310.

A. Mukherjee & A. Ray, (2007), "Patents, Imitation and Welfare", Economics of
Innovation and New Technology, Vol. 16, No. 3, pp. 227 - 236.

A. Ray & S.N. Ghosh, (2007), "City-Size and Health Outcomes: Lessons from the
USA", Economics Bulletin, Vol. 9, No. 5, pp. 1 - 7.

A. Ray, (2007), "Are Racial Disparities in Diabetes in the USA Driven by Education
Distribution?", Economics Bulletin, Vol. 9 No. 2, pp. 1 - 18.

A. Ray, (2007), "A Time Series Analysis of Long Term Capital Formation in India",
Vidyasagar University Journal of Commerce, Vol. 12, March, pp. 21 - 31.

A. Mukherjee & A. Ray, (2006), "The Welfare Implications of Product Patent: A
Simple Model", Journal of Financial Transformation, August, Vol. 17, pp.: 36 -

A. Ray, (2006), "A Class of Decomposable Poverty Measures With Public Transfers",
Economics Bulletin, November, Vol. 9 No. 3 pp. 1 - 8.


Honors, Grants and Awards

Keynote Address, Golden Jubilee Commemorative International Conference on Emerging Issues in Accounting, Finance, and Taxation, Bhawanipore Educational Society College, India. (2017)

George Mason University, Law & Economics Center Program on Economics & Privacy, Travel Bursary to Attend PEP Workshop for Economists on Consumer Protection Law & Economics, Arlington, VA. (2016)

Distinguished Keynote Address, International Conference on Financial Inclusiveness, University of Calcutta - Calcutta Stock Exchange Center of Excellence in Financial Markets, India, (2016)

Keynote Address, International Conference on Economic Liberalization and Capital Market Development: Indian Perspective, University of Calcutta - Calcutta Stock Exchange Center of Excellence in Financial Markets, India (2013)

Keynote Address, International Conference on Contemporary Issues Financial Institutions and Markets (Sponsored by the University Grants Commission and Indian Council for Social Science Research), Vidyasagar University, India (2013)

Asian Development Bank and The George Washington University, Washington, D.C., Travel Bursary (Special invitation to Workshop on Inclusive Growth) (2012)

Keynote Address, International Conference on Indian Financial System and the Global Scenario (Sponsored by the Indian Council for Social Science Research), Vidyasagar University, India (2010)

Dean's Faculty Research Grant, College of Business, Tennessee State University. (Summer, 2009; Summer, 2007; Summer, 2006; Summer, 2005)

United Nations University, World Institute of Development Economics Research, Helsinki, Finland, Travel Bursary. (Special invitation to present research on the occasion of launching of a new global initiative "Advancing Health Equity") (2006)

Faculty Research Grant, Office of Business and Economic Research, College of Business, Tennessee State University. (2005)

Vanderbilt University Graduate Tuition Fellowship. (1999 - 2003)

Vanderbilt University Graduate Summer Research Grant. (2001)

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