Dr. Gunratan Lonare
Assistant Professor of Finance

Office
SFHB State Farm Hall Of Business 340
Office Phone
Email
Website
- About
- Education
- Awards & Honors
- Selected Research
Current Courses
MBA 440.001 Financial Management
MBA 440.002 Financial Management
FIL 341.001 Intermediate Business Finance
FIL 347.001 Financial Futures, Options, & Swaps
FIL 341.001 Intermediate Business Finance
FIL 341.002 Intermediate Business Finance
PhD Finance
University of North Carolina at Charlotte
Charlotte, NC
MS Finance
Jamnalal Bajaj Institute of Management Studies
Mumbai (India)
BE Computer Engineering
Dr. Babasaheb Ambedkar Technological University
Lonere, MH (India)
Outstanding Research Award
Department of Finance, Insurance and Law, Illinois State University
2024
Grants and Contracts
Research grant - The Katie School of Insurance and Risk Management
Gunratan Lonare.
Katie School of Insurance and Risk Management. August 15 2025 - August 15 2025
University Research Grant
Gunratan Lonare.
Illinois State University. 2024 - 2024
Research grant - The Katie School of Insurance and Risk Management
Gunratan Lonare.
Illinois State University. 2023 - 2023
Summer research development grant - Department of Finance, Insurance and Law
Gunratan Lonare.
Illinois State University. 2023 - 2023
Journal Article
CEO conscientiousness and reserve errors: evidence from US property-liability insurers
Gene Lai, Gunratan Lonare, Zifen Zeng.
The Geneva Papers on Risk and Insurance - Issues and Practice, (2026)
Tournament incentives and reserve management
Gunratan Lonare, Gene Lai, Ahmet Nart, Chia-Ling Ho.
Risk Management and Insurance Review, (2025)
CEO past distress experience and risk-taking: Evidence from US property–liability insurance firms
Gunratan Lonare, Gene Lai, Sangyong Han, Chia-Ling Ho.
Risk Management and Insurance Review, 27 (1), 5-39, (2024)
CEOs’ capital gains tax liabilities and accounting conservatism
Gunratan Lonare.
Journal of Business Finance & Accounting, 51 (7-8), 1943-1979, (2024)
The Influence of Socially Responsible Practices on Corporate Hedging
Gunratan Lonare, Busra Agcayazi, Ahmet Tuncez.
British Accounting Review, 101502, (2024)
Industry Tournament Incentives and Corporate Innovation Strategies
Lingfei Kong, Gunratan Lonare, Ahmet Nart.
Journal of Financial Research, 45 (1), 124-161, (2022)
Industry tournament incentives and corporate hedging policies
Gunratan Lonare, Ahmet Tuncez, Ahmet Nart.
Financial Management, 51 (2), 399-453, (2022)
edgar: An R package for the U.S. SEC EDGAR retrieval and parsing of corporate filings
Gunratan Lonare, Bharat Patil, Nilesh Raut.
SoftwareX, 16, 100865, (2021)
Software
edgar: Tool for the U.S. SEC EDGAR Retrieval and Parsing of Corporate Filings
Gunratan Lonare, Bharat Patil.
Presentations
Beyond Specialization: Generalist CEOs and Their Impact on Corporate Hedging
Gunratan Lonare, Busra Agcayazi, Ahmet Tuncez.
Southern Finance Association Annual Meeting, Orlando, November, 2025
How Managerial Capital Gains Taxes Increase Deception: Evidence from Stock Price Crash Risk
Tim Trombley, Gunratan Lonare, Busra Agcayazi.
Financial Management Association Annual Meeting, Grapevine, Texas, October, 2024
How Managerial Capital Gains Taxes Increase Deception: Evidence from Stock Price Crash Risk
Tim Trombley, Gunratan Lonare, Busra Agcayazi.
Southwestern Finance Association, Las Vegas, Nevada, February, 2024
Beyond Specialization: Generalist CEOs and Their Impact on Corporate Hedging
Gunratan Lonare, Busra Agcayazi, Ahmet Tuncez.
Southwestern Finance Association Annual Meeting, Las Vegas, February, 2024
How Managerial Capital Gains Taxes Increase Deception: Evidence from Stock Price Crash Risk
Tim Trombley, Gunratan Lonare, Busra Agcayazi.
Southern Finance Association Annual Meeting, Fjardo, Puerto Rico, November, 2023
Industry Tournament Incentives and Corporate Innovation Strategies
Gunratan Lonare.
Young Finance Scholars’ Conference, Sussex (UK), June 13, 2019