Neal and Jan Dempsey Faculty Fellow
PhD, University of Rochester, Finance, 2005
MS, University of Rochester, Applied Statistics, 1999
MBA, University of Washington, 1997
BA, Washington State University, Business Administraiton, summa cum laude, 1992Specialties
Empirical asset pricing
Capital market anomaliesPositions Held
Joined the University of Washington in 2003
Lecturer at the University of Rochester Simon Graudate School of Business Administration, 2002
Consultant and Staff Auditor, Price Waterhouse, (1992-1994)Current Research
Empirical asset pricing, behavioral finance and capital market anomalies.Honors and Awards
Undergraduate Faculty of the Year for Finance & Business Economics (2009)
MBA Elective Professor of the Year, Class of 2008 (2008)
Evening MBA Professor of the Year, Class of 2008 (2008)
Evening MBA Professor of the Quarter for Spring (2008)
Evening MBA Professor of the Year, Class of 2007 (2007)
Undergraduate Professor of the Quarter for Spring for Finance (2006)Academic Service
Journal of Finance
Journal of Financial Economics
Journal of Financial and Quantitative AnalysisSelected Publications
"Why is PIN Priced?" with Jefferson Duarte, Journal of Financial Economics
, Vol. 91, Issue 2, February 2009, pp. 119-252, Lead Article.
“Information Asymmetry, Information Dispersion and the Effect of Regulation FD on the Cost of Capital,” with Jefferson Duarte, Jarad Harford and Xi Han, Journal of Financial Economics
, Vol. 87, 2008, pp. 24-44.Working Papers
"Trading Activity, Price Patterns and Overreaction", 2nd round review, Journal of Finance
"Foreign listings, US equity markets, and the impact of the Sarbanes-Oxley Act", 1st round review, Journal of Finance
"Trust and Credit" with Jefferson Duarte and Stephan Siegel, 1st round review, Journal of Finance
“To lend or not to lend: Revealed preferences for race, gender and appearance” with Jefferson Duarte and Stephan Siegal.
“Why Does Corporate Governance Explain Credit Spreads.” with Jefferson Duarte and Fan Yu.
"Conditional Variance Decompositions" with Jay Shanken.
"Momentum and the Macroeconomy".
“Multivariate Regime Switching Models: A Bayesian Approach” with Gregory Bauer.