Richard C. Kraemer Professor in Finance
Dean's Council of 100 Distinguished Scholar
Ph.D., University of Oregon, 1988; M.S., University of Rochester, 1980; MBA, University of Rochester, 1977; B.A., University of Rochester, 1974
"Legal Institutions and Capital Raising Activities of Newly Public Firms," (with Aziz Alimov), June 2012
"Cross-Border Private Equity Investment and Third-Best Contracting," (with Ana Balcarcel and Laura Lindsey), June 2012.
Arizona State University: 1987-present. Previous Appointments: University of Oregon, Rochester Institute of Technology, University of Rochester.
Career and Professional Award; Teaching Award
Fama-DFA Prize, Journal of Financial Economics, 2008; Richard C. Kraemer Professor of Finance, 2008-2013; Dean's Council of 100 Distinguished Scholar, 2004-present, Ford Honors Program Faculty Fellow 2002-2004
Professional Leadership and Service
Ad hoc referee: Journal of Finance, Journal of Financial Economics, Journal of Finance and Quantitative Analysis, Review of Financial Studies, and Journal of Accounting and Economics and Management Science
"Why do Hedge Funds Avoid Disclosure? Evidence from Confedential 13F Filings," (with George Aragon and Zhen Shi), July 2012, Journal of Financial and Quantitative Analysis, forthcoming.
"Staging in Public Equity Markets," (with Mark Huson and Robert Parrino), 2012, Journal of Financial Economics, 106, 72-90.
"Industry Contagion in Loan Spreads," with Micah Officer, Journal of Financial Economics, 103(3), 2012.
"Behavioral and Rational Explanations of Stock Price Performance Around SEOs: Evidence From a Decomposition of Market-to-Book Ratios," (with Zhi Li), Journal of Financial and Quantitative Analysis, 45(4), Augutst 2010.
"Inference from Streaks in Random Outcomes: Experimental Evidence on Beliefs in Regime-Shifting and the Law of Small Numbers," (with Elena Asparouhova and Michael Lemmon), Management Science, Vol 55, No. 11, November 2009.
"Inter-firm Linkages and the Wealth Effects of Financial Distress along the Supply Chain," (with Zhi Li, Micah Officer and Kimberly Rodgers), Journal of Financial Economics, 87 (2), February 2008.
"Earnings Management Around Employee Stock Option Reissues," (with Jeffrey Coles and Swaminathan Kalpathy), Journal of Accounting and Economics, 41 (1-2), April 2006.
"The Market Impact of Trends and Sequences in Performance: New Evidence," (with Greg Durham and J. Spencer Martin), Journal of Finance, 60 (5), October 2005.
ASU is a tier 1 research university and W. P. Carey is proud of its strong tradition of teaching and classroom excellence. Our students directly benefit from the research and theories our faculty brings into the classroom. Below is a list of courses being taught during the current semester by this faculty member. Click a course to view it in the ASU course catalog.
FIN 493 - Honors Thesis
Supervised research or creative activity focused on preparation and completion of an undergraduate honors thesis or creative project.