Jennifer Koski

Jennifer Koski

Associate Professor of Finance
John B. and Delores L. Fery Faculty Fellow

PhD, Stanford University, 1991
MBA, Harvard University, 1987
BS, Brown University, 1983

Market microstructure, corporate finance

Positions Held
At the University of Washington since 1991
Financial analyst at Goldman Sachs & Company (1983-85)

Current Research
Stock splits, dividend policy, market microstructure, stock market volatility, information processing in securities markets, equity offerings, short selling.

Honors and Awards
PACCAR Award for Excellence in Teaching (2001, 2008)
MBA Elective Professor of the Quarter for:
   Autumn (2006, 2009, 2010)
   Spring (2010)
MBA Core Professor of the Quarter for:
   Winter (2001, 2002, 2003, 2004, 2006, 2007, 2008)
   Spring (1992, 1993, 1994, 1996)
Charles E. Summer Outstanding Teaching Award (2000, 2003, 2005, 2007)
MBA Core Professor of the Year (1994, 1996, 2001-2008)
Daniel R. Siegel Service Award (2000, 2005, 2006, 2007)
Evening MBA Professor of the Quarter for Autumn (2005)
Dean's Citizenship Award (2004)
Andrew V. Smith Faculty Development Award (2003)
PhD Mentor of the Year Award (2001)
MBA Core Teaching Team of the Year (1997, 1998, 2000)
Burlington Northern Foundation Faculty Achievement Award (1993)

Selected Publications
"Short Selling Around Seasoned Equity Offerings," with T. Henry, Review of Financial Studies, Vol 23, 2010, pp. 4389-4418.

"Does Volatility Decrease after Reverse Stock Splits?" Journal of Financial Research, Vol. 30, 2007, pp. 217-235.

"Information Flow and Liquidity Around Anticipated and Unanticipated Dividend Announcements," with J. Graham and U. Loewenstein, Journal of Business, Vol. 79, 2006, pp. 2301-2336.

"Volatility, Autocorrelations, and Trading Activity After Stock Splits," with A. Kamara, Journal of Financial Markets, Vol. 4, 2001, pp. 163-184.

"Prices, Liquidity, and The Information Content of Trades," with R. Michaely, Review of Financial Studies, Vol. 13, Fall 2000, pp. 659-696.

"How are Derivatives Used? Evidence from the Mutual Fund Industry," with J. Pontiff, Journal of Finance, Vol. 54, April 1999, pp. 791-816.

"Who Trades Around the Ex-Dividend Day? Evidence from NYSE Audit File Data," with John Scruggs, Financial Management, Vol. 27, 1998, pp. 58-72.

"Measurement Effects and the Variance of Returns After Stock Splits and Stock Dividends," Review of Financial Studies, Vol. 11, 1998, pp. 143-162.

"A Microstructure Analysis of Ex-Dividend Stock Price Behavior Before and After the 1984 and 1986 Tax Reform Acts," Journal of Business, Vol. 69, 1996, pp. 313-338.

Contact Information

Office:577 Paccar Hall

Mailing Address

Foster School of Business
University of Washington
Box 353226
Seattle, WA 98195-3226

"Theoretical financial models are important, but they do not exist in a vacuum. We need to understand the link between these models and the business world, both for our own academic research and for the classroom."