Contact
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Email
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Primary Office
- S382 Pappajohn Business Building (PBB)
- (319) 353-2185
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Department
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Fax
Websites
Positions
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Professor of Finance
Tippie College of Business
Education
- PhD in Finance, The University of Iowa, 1994
- MBA in Finance, University of Windsor, 1989
Areas of Interest
- Asset Pricing
- Financial Econometrics
- Market Microstructure
- Mutual Funds/Hedge Funds
Professional Memberships
- American Finance Association
- Econometric Society
- European Finance Association
- Financial Management Association
- Western Finance Association
Selected Awards & Honors
- Top quartile of teaching evaluation score rankings: Spring 2006, Spring 2007, Spring 2012
- Tippie Research Fellow, 2013
- Runner-up for the Best Paper Award (Investments), European Finance Association Annual Meeting (Copenhagen), 2012
- Best Paper Award, Finance & Corporate Governance Conference, Melbourne, Australia, 2011
- Michael Sandler Research Fellowship, 2009
- Tippie College of Business Dean's Teaching Award, 2007
- MBA Finance Elective Faculty of the Year, 2006
- Matthew Bucksbaum Research Fellowship, 2004
- Outstanding Derivatives Paper Award and a $1000 cash prize at the Midwest Finance Association Meetings for "Binomial Option Pricing Biases and Inconsistent Implied Volatilities" (with Brent Lekvin), 2001
- Old Gold Fellowship, 2000
Selected Publications
- , , & (2018). Conditional Benchmarks and Predictors of Mutual Fund Performance. (Vols. 7). (2), pp. 331-372. Critical Finance Review. DOI: http://dx.doi.org/10.1561/104.00000062.
- , & (2017). Investment Decisions under Ambiguity: Evidence from Mutual Fund Investor Behavior. Management Science 63 (8) 2509-2528.
- , & (2017). Hedge Fund Replication: A Model Combination Approach. Review of Finance 21 (4) 1767-1804.
- & (2016). Cross Trading by Investment Advisers: Implications for Mutual Fund Performance. Journal of Financial Intermediation 25 99-130.
- , & (2016). Evaluating Hedge Funds With Pooled Benchmarks. Management Science 62 (1) 69-89.
- , & (2012). Modeling the Cross Section of Stock Returns: A Model Pooling Approach. Journal of Financial and Quantitative Analysis 47 (6) 1331-1360.
- , & (2010). On the Portfolio Properties of Real Estate in Good Times and Bad Times. Real Estate Economics 38 (3) 529-565.
- & (2009). Incentive Contracts in Delegated Portfolio Management. Review of Financial Studies 22 4681-4714.
- , & (2009). Testing the CAPM Revisited. Journal of Empirical Finance 16 721-733.
- & (2006). Does Stock Return Predictability Imply Improved Asset Allocation and Performance? Evidence from the U.S. Stock Market (1954-2002). Journal of Business 79 (5) 2423-2468.
Selected Presentations
- , , & (2022, January) Prime Time for Prime Funds: Floating NAV, Intraday Redemptions and Liquidity Risk During Crises. Conference Presentation presented at American Finance Association (AFA) Annual Meeting, Boston (Virtual), Massachusetts.
Professional Service
- Research Grants Council (RGC), Hong Kong, Reviewer, Grant Proposals.
- Social Sciences and Humanities Research Council (SSHRC) of Canada, Reviewer, Grant Proposals.
Editorial & Review Activities
- American Economic Review, Referee.
- European Financial Management, Referee.
- Finance Research Letters, Referee.
- Financial Management, Referee.
- Financial Review, Referee.
- Journal of Banking and Finance, Referee.
- Journal of Finance, Referee.
- Journal of Financial and Quantitative Analysis, Referee.
- Journal of Financial Markets, Referee.
- Journal of Financial Research, Referee.