- Visiting Faculty, Finance
- “The Wealth Effect of Merger Activity and the Objective Functions of Merging Firms,” Journal of Financial Economics, Vol. 11, p. 155-182 (April, 1983).
- “Partially Anticipated Events: A Model of Stock Price Reactions with an Application to Corporate Acquisitions,” (with Rex Thompson), Journal of Financial Economics, Vol. 14, p. 237-250 (June, 1985).
- “Measuring Abnormal Performance: The Event Parameter Approach Using Joint Generalized Least Squares,” Journal of Financial and Quantitative Analysis, Vol. 21, p. 27-38 (March 1986).
- “Discount Mortgage Financing and House Prices,” (with Alan Hess), Housing Finance Review, Vol. 5, p. 25-41 (Summer 1986).
- “Poison Pill Securities: Stockholder Wealth, Profitability, and Ownership Structure,” (with Ralph Walkling), Journal of Financial Economics, Vol. 20, p. 347-376 (Jan./March 1988).
- “The Wealth Effects of Second-Generation State Takeover Legislation,” (with Jonathan Karpoff), Journal of Financial Economics, Vol. 25, p. 291-322 (December 1989).
- “Government Regulation and Structural Change in the Corporate Acquisitions Market: The Impact of the Williams Act,” (with Rex Thompson), Journal of Financial and Quantitative Analysis, Vol. 28, p. 363-379 (September 1993).
- “State Takeover-Legislation and Share Values: The Wealth Effects of Pennsylvania’s Act 36,” (with Jonathan Karpoff), Journal of Corporate Finance, Vol. 1, p. 367-382 (1995).
- “Corporate Governance and Shareholder Initiatives: Empirical Evidence,” (with Jonathan Karpoff and Ralph Walkling), Journal of Financial Economics, Vol. 42, p. 365-395 (November 1996).
- “Public Offerings of State-Owned and Privately-Owned Enterprises: An International Comparison,” (with K. Dewenter), Journal of Finance, Vol. 52, p. 1659-1679 (September 1997).
- “State-Owned and Privately-Owned Firms: An Empirical Analysis of Profitability, Leverage, and Labor Intensity,” (with K. Dewenter), American Economic Review, Vol. 91, p. 320-334 (March 2001).
- “Earnings Management: IPO Valuation and Subsequent Performance,” (with L. DuCharme and S. Sefcik), Journal of Accounting, Auditing, and Finance, Vol. 16, p. 369-396 (Fall, 2001).
Professional Experience
- 1997 – present – Professor of Finance, University of Washington Norman J. Metcalfe Faculty Fellow
- 2007 – present – Visiting Professor, Singapore Management University.
- 2006 (Fall) – Chin Sophonpanich Foundation Professor of Finance, Chulalongkorn University.
- 2005 (Fall) – Shaw Foundation Visiting Professor of Finance, Nanyang Technological University.
- 2003 (Fall) – Visiting Professor of Finance, National Chengchi University.
- 1981 – 1997 – Associate Professor of Finance, University of Washington.
- 1980 – Acting Assistant Professor of Finance, University of Washington.
- 1977 – 1980 – Instructor of Economics, Colgate University. Co-Director of the Mathematical Economics program. Coordinator of the Economics tutoring program. Director of the Economics Honors Seminar.
- 1976 – Lecturer in Management (part-time), St. John Fisher’s College.
- Ph.D., Graduate School of Management, University of Rochester. Major area: Applied Economics. Minor areas: Finance, Applied Statistics. Doctoral thesis: “Corporate Mergers” (1981). Dissertation Committee: John Long, Jr. (Chairman), Martin S. Geisel, Michael C. Jensen.
- M.S., Graduate School of Management, University of Rochester.
- 1973 B.A., University of California at Santa Barbara. Major: Economics.