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Rainish, Robert (full)
Robert
Rainish
Ph.D.
Professor
Business
Finance
203-932-7363
Maxy 126K
Maxcy Hall
About Me

    My research in the past five years has examined the economic determinants of beta, impact of currency devaluation on the growth and wealth of a country and how our mathematical model of finance explains corporate theory, corporate operations and its implications on government policy. The first area of research demonstrated how the real economy impacts the measurement of beta which has enabled me to better explain why beta is a valid measure of risk but has measurement risk. The second area has expanded the understanding of the impact of devaluation on emerging countries.  The third area demonstrated that when applied to a global environment the financial theory of the firm depends on the operational structure of the firm (MM’s separation assumption no longer holds); financial ratio analysis is inappropriate when a firm outsources (buys) operational activities; a firm’s interest does not need to be aligned with its home country’s self-interest; and performance metrics need to be adjusted to reflect how the firm is structured.

    All my research work is utilized in my classroom.  Currently, I have most utilized my financial model research.  It enables students to understand the global strategy of firms and confirms research done by the major consulting firms.     

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    Education

    PhD, City University of New York, 1982.
    Major: Finance
    Supporting Areas of Emphasis: Statistics
    Dissertation Title: Determinants of Beta 

    MBA, Baruch College, 1974.
    Major: Finance

    BA, City College of New York, 1970.
    Major: Economics

    Published Intellectual Contributions

    Refereed Journal Articles

    Upadhyaya, K. P., Rainish, R., Kaushik, N., Bhandari, R. (2013). “Exchange Rate Adjustment and Output in South-East Asia”. Journal of Applied Business Research, 29(4), 1223-1228.

    Rainish, R., Mensz, P. (2012). Financial Framework for Global Investment and Implications. American International College Journal of Business, 2(3).

    Rainish, R., Upadhyaya, K. P. (2011). Exchange Rate Volatility and Foreign Direct Investment in South Asia. Journal of International Economics, 4(4), 366-377.

    Rainish, R., Upadhyaya, K. P., Bhandan, R. (2011). Exchange Rate Volatility and Foreign Direct Investment in South Africa. International Journal of Economic Policy in Emerging Economies.

    Rainish, R., Duong, T. (2010). Relationship Between Portfolio Returns to Economic and Monetary Variables. American Business Review, 33-68.

    Upadhyaya, K. P., Rainish, R., Phelan, J. J. (2009). Currency Devaluation and Aggregate Output in East Africa. Indian Journal of Economics and Business, 8, 221-227.

    Boynton, W., Oppenheimer, H. R., Rainish, R., Reid, S. F. (2005). Tests of contrarian and momentum trading rules on stocks in industrial sectors. Journal of Financial and Economic Practice, 5(2).

    Pushner, Rainish, R., Coogan (2002). Performance of European Focused Mutual Funds. American Business Review.

    Presentations Given

    Rainish, R., Mensz, P., Mohs, J. N., AABRI International Conference Hawaii, "Global Financial Model for the Value Chain," Academic and Business Research Institute, Oahu, Hawaii. (June 12, 2014).

    Upadhyaya, K. P., Bhandari, R., Rainish, R., International Trade and Finance Association Meeting, "Exchange Rate Adjustment and Output in Selected Southeast Asian Countries," Pisa, Italy. (May 2012).

    Rainish, R. (Author & Presenter), Mensz, P. (Author & Presenter), 11th International Business and Economy Conference, "Financial Framework for Global Investment and Implications," Hawaii. (January 2012).

    Rainish, R., Upadhyaya, K., Bhandari, R., "Exchange Rate Adjustment and Output in South East Asia," University of New Haven, College of Business Research Forum, West Haven, Connecticut. (2011).

    Boynton, W., Jordan, S. J., Blosick, G. J., Rainish, R., "Tracking error volatility: test with Fama and French 4-factor model," presented at University of New Haven College of Business Research Forum, New Haven, Connecticut. (2009). 

    Upadhyaya, K. P., Rainish, R., Bhandari, R., "Exchange Rate Adjustment and Output in Selected Southeast Asian Countries," Southern Economic Association Meeting, San Antonio, Texas. (November 2009).

    Upadhyaya, K. P., Rainish, R., Phelan, J. J., "Currency Devaluation and Aggregate Output in East Africa," Midwest Economic Association, Cleveland, Ohio. (March 2009).

    Rainish, R., "U.S. Financial Crisis: What is it and When will it end?," University of New Haven College of Business Research Forum, West Haven, Connecticut. (November 2008).

    Rainish, R., "Sub-prime Loan Market and the Future of Mortgage Lending," EPI Mortgage Center's Annual Meeting. (2007). 

    Rainish, R., "Financial Framework for Global Investment and Implications," University of New Haven College of Business Research Forum, West Haven, Connecticut. (November 2007).

    Rainish, R., "U.S. Sub-prime mortgage market and its future implicatons," presented at University of New Haven College of Business Research Forum, West Haven, Connecticut. (April 2007).

    Rainish, R., EPI Mortgage Center's Annual Meetings, "Sub-prime Loan Market and the Future of Mortgage Lending." (March 14, 2007).

    Rainish, R., CRA, "Impact of Developing Countries(China, Russia, India, Brazil, etc.) and Technology on Operating Leverage and Profitability--A revisit to Old Concepts.," Darien. (January 2004).

    Rainish, R., Northeast Business & Economics Association, "Relationship Between Portfolio Returns to Economic and Monetary Variables." (2002).

    Media Contributions

    Magazine

    CQ Research of the Congressional Quarterly. interviewed by Marcia Clemitt on Mortgage Crisis in Nov 2, 2007 issue (November 2, 2007).

     

    Newspaper

    Connecticut Post Newspaper. Are Casino Opponents Good for Connecticut article on Jan. 5, 2003 (January 5, 2003).

    Connecticut Post Newspaper. Casino Could Create Win-Win Situation (July 2002).

     

    Radio

     WYBC 1340AM. Interviewed by Keith Kountz at 7:15pm (September 1, 2010).

     

    TV

    WVIT NBC 30. interviewed by Tom Monahan on Connecticut Newsmakers July 26th program on the proposed policies to increase international taxes. (July 26, 2009).

    Teaching Experience

    University of New Haven

    FINC 3330, Investment Analysis & Mgmt, 2 courses.

    FINC 6601, Finance, 4 courses.

    FINC 6602, Finance Strategy & Valuation, 2 courses.

Industry Experience
Curriculum Vitae