BS Business (Finance), Canisius College, New York, 1987
MS Applied Economics, University of Rochester, 1990
PhD University of Rochester, 1995
- Finance 301 - Introduction to Finance
- Finance 488 - Selected Topics in Finance
- Finance 501 - Financial Valuation and Management
- Finance 502 - Introduction to Financial Valuation
- Finance 634 - Corporate Financial Planning
Application of financial and entrepreneurial theory and analysis to the development of new ventures, focusing on developing an effective scale up model, establishing effective governance structures, negotiating with venture capitalists, and developing an exit strategy. Course balances learning of concepts, development of analytical skills, and practice in decision-making. Opportunity to apply learning to cases, exercises and to learn about real world financing situations. This course is designed to help students learn about the formation, financing, and management of massively scalable ventures though a series of close interactions with early-stage technology companies and their potential mentors and investors. This course is suitable for students pursuing careers in strategy, innovation, entrepreneurship, and finance. Due to the course's special requirement to work closely with early-stage ventures: students must commit to signing a program-wide non-disclosure agreement, students must be flexible to accommodate meetings with ventures, and students must apply and be accepted into the program. Pre-requisite: FIN 657.
Research - Conference Proceedings
“Legal Constraints on Large Block Shareholders: An upper bound on expropriation” in Ronald J. Daniels and Randall Morck eds., Concentrated Corporate Ownership, 1999, University of Chicago Press.
“Decimal quotes, market quality and competition for order flow: evidence from the Toronto Stock Exchange,” (with Y. Kim and V. Mehrotra), in Proceedings of the NYSE Conference on Global Equity Issuance and Trading, 1997.
“The demand for trading services: evidence from the Toronto Stock Exchange,” (with Y. Kim and V. Mehrotra), in Proceedings of the VIII International Symposium on Applied Stochastic Models and Data Analysis, 1997.
“Institutional activism in Canada: does it work, can it be improved?” in R.J. Daniels and R. Morck eds., Corporate Decision-Making in Canada, Industry Canada Research Series, University of Calgary Press, 1995.
Research - Journal Articles
"Public market staging: the timing of periodic capital infusions to newly public firms," (with M. Hertzel and R. Parrino), Journal of Financial Economics, Vol. 106, No. 1, 2012.
"Compensation Committees' Treatment of Earnings Components in CEO's Terminal Years," (with Yao Tian, Christine Wiedman, and Heather Wier), Accounting Review, Vol. 87, No. 1, 2012.
“Managerial succession and firm performance,” (with Paul Malatesta and Robert Parrino), Journal of Financial Economics, Vol. 74, No. 2, 237-275.
“Corporate spinoffs and information asymmetry between investors,” (with Greg MacKinnon), Journal of Corporate Finance, Vol. 9, No. 4, September 2003.
“Internal monitoring mechanisms and CEO turnover: a long-term perspective,” (with Robert Parrino and Laura Starks). Journal of Finance, Vol. 56, No. 6, December 2001.
“Earnings dilution and the explanatory power of earnings for returns,” (with Tom Scott and Heather Wier). The Accounting Review, Vol. 76, No. 4, October 2001.
“Executive Pay and the Disclosure Environment: Canadian Evidence,” (with Toni Nelson and Yun Park). Journal of Financial Research, Vol. 24, Issue 3, 2001.
“The impact of just-in-time manufacturing on firm performance in the U.S.,” (with D. Nanda), Journal of Operations Management, Vol. 12, 1995.
“The effect of restructuring charges on executive compensation,” (with P. Dechow and R. Sloan), The Accounting Review, Vol. 69, No. 1, January 1994.