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Jon Garfinkel
Professor
Henry B. Tippie Research Fellow
Contact
319-335-0943
Office
S262 Pappajohn Business Building (PBB)
Academic history 
PhD in Finance, University of Florida, Gainesville, 1994
BA in Economics, Virginia Tech, Blacksburg, 1988
Expertise 
Corporate Financing Behavior
Corporate Investment Behavior
Divergent Investor Opinions
Insider trading
Awards 
Best MBA Finance Teacher, May 2015
Best MBA Finance Teacher, May 2014
Executive MBA best teacher award, May 2014
Innovations in Teaching Award, Henry B. Tippie College of Business, May 2014
Best MBA Core Teacher of the Year, 2013
Named Henry B. Tippie Research Fellow, 2013
Best MBA Core Teacher of the Year, 2012
Executive MBA Best Teacher Award, 2012
Best Paper, New Zealand Institute for the Study of Competition and Regulation, February 2012
Best MBA Finance Elective Teacher, 2011
Collegiate Teaching Award, Tippie College of Business, 2011
Executive MBA Best Teacher Award, 2011
Named Waugh Business Faculty Research Fellow, 2008
Dean's Recognition of Top Quartile ACE Evaluations , 2007
Dean's Teaching Award, 2005
Named Dana C. Ramundt Insurance Fellow, 2005
Selected publications 

The effect of asymmetric information on product market outcomes. Matthew T. Billett, Jon A. Garfinkel, Miaomiao Yu

Financing Major Investments: Information about Capital Structure Decisions. Jon A. Garfinkel, Ralf Elsas, Mark Flannery, Review of Finance, 2014, vol 18, 1341-1386

The Influence of Governance on Investment: Evidence From a Hazard Model. Matthew T. Billett, Jon A. Garfinkel, Yi Jiang, Journal of Financial Economics, 2011, vol 102, 643-670

The Role of Risk Management in Mergers and Merger Waves. Jon A. Garfinkel, Kristine Hankins, Journal of Financial Economics, 2011, vol 101, 515-532

Frequent Issuers’ Influence on Long-Run Post-Issuance Returns. Matthew T. Billett, Mark J. Flannery, Jon A. Garfinkel, Journal of Financial Economics, 2011, vol 99, 349-364

Measuring Investors' Opinion Divergence. Jon A. Garfinkel, Journal of Accounting Research, 2009, vol 47, 1317-1348

Information, Incentive Alignment and Company-Loan Financing of Insider Trades. Jon A. Garfinkel, Kathleen Kahle, Kuldeep Shastri, Financial Management, 2007, vol 36, 67-87

Are Bank Loans Special? Evidence on the Post-Announcement Performance of Bank Borrowers. Matthew T. Billett, Mark J. Flannery, Jon A. Garfinkel, Journal of Financial and Quantitative Analysis, 2006, vol 41, 733-751

Volume, Opinion Divergence and Returns: A Study of Post-Earnings Announcement Drift. Jon A. Garfinkel, Jonathan S. Sokobin, Journal of Accounting Research, 2006, vol 44, 85-112

Financial Flexibility and the Cost of External Finance for U.S. Bank Holding Companies. Jon A. Garfinkel, Matthew T. Billett, Journal of Money, Credit and Banking, 2004, vol 26, 827-852

Market Structure and Trader Anonymity: An Analysis of Insider Trading. Jon A. Garfinkel, M. Nimalendran, Journal of Financial and Quantitative Analysis, 2003

The Cost of Market versus Regulatory Discipline in Banking. Jon A. Garfinkel, Matthew T. Billett, Edward S. O'Neal, Journal of Financial Economics, 1998, 333-358

New Evidence on the Effects of Federal Regulations on Insider Trading: The Insider Trading and Securities Fraud Enforcement Act (ITSFEA). Jon A. Garfinkel, Journal of Corporate Finance, 1997, vol 3, 89-111

The Effect of Lender Identity on a Borrowing Firm's Equity Return. Jon A. Garfinkel, Matthew T. Billett, Mark J. Flannery, Journal of Finance, 1995, 699-718

IPO Underpricing, Insider Selling and Subsequent Equity Offerings: Is Underpricing a Signal of Quality?. Jon A. Garfinkel, Financial Management, 1993, 74-83

Working papers 

At The Market (ATM) Offerings. Matthew T. Billett, Ioannis Floros, Jon A. Garfinkel

Capital Supply, Financial Intermediaries and Corporate Peer Effects. Matthew T. Billett, Jon A. Garfinkel, Yi Jiang

CEO labor market competition and the lack of RPE. Jon A. Garfinkel, Kyeong Hun Lee, Qianying Xu

The Interactive Influence of External and Internal Governance on Risk Taking and Outcomes: The Importance of CEO Career Concerns. Jon A. Garfinkel, Jaewoo Kim, Kyeong Hun Lee

Partisanship and corporate performance. Jon A. Garfinkel, Art Durnev, Sasha Molchanov

Current & Prior Positions 
Professor, Department of Finance, Henry B. Tippie College of Business, The University of Iowa, August 2012 - Present
S. T. Lee Fellow, Victoria University, Wellington, New Zealand, June 2014 - August 2014
Associate Professor, Department of Finance, Henry B. Tippie College of Business, The University of Iowa, August 2006 - July 2012
Faculty Director, MBA Finance Academy, Henry B. Tippie College of Business, The University of Iowa, February 2011 - May 2012
Assistant Professor, Department of Finance, Henry B. Tippie College of Business, The University of Iowa, August 1999 - July 2006
Visiting Academic Fellow, U.S. Securities and Exchange Commission, August 1998 - August 1999
Assistant Professor, Loyola University Chicago, August 1994 - July 1998
Review and editorial work 

Referee, Financial Analysts Journal

Referee, Financial Management

Referee, Financial Review

Referee, International Review of Finance

Referee, Pacific Basin Finance Journal

Referee, Review of Accounting Studies

Referee, The Accounting Review

Referee, The Journal of Accounting and Economics

Referee, The Journal of Banking and Finance

Referee, The Journal of Corporate Finance

Referee, The Journal of Finance

Referee, The Journal of Financial and Quantitative Analysis

Referee, The Journal of Financial Economics

Referee, The Journal of Financial Intermediation

Referee, The Journal of Money, Credit and Banking

Referee, The Review of Economics and Finance

Referee, The Review of Financial Studies

Associate Editor, The Financial Review, February 2013 - Current

Referee, RGC Hong Kong Grant Agency, March 2010 - March 2010

Other, A First Course in Corporate Finance, December 2007 - January 2008

Presentations 

The Role of Financial Intermediaries in the Transmission of Peer-to-Peer Financial Policies. MFA, Chicago, March 2015

The Role of Financial Intermediaries in the Transmission of Peer-to-Peer Financial Policies., University of Florida, September 2014

Financial constraints and industry issuance activity., Shanghai, China, March 2014

Long-run Performance and Investor Opinion Divergence., Hong Kong, October 2013

The Effect of Asymmetric Information on Product Market Outcomes., Hong Kong, October 2013

The Effect of Asymmetric Information on Product Market Outcomes., Germany, September 2013

The Effect of Asymmetric Information on Product Market Outcomes., Fort Worth, TX, February 2013

The Effect of Asymmetric Information on Product Market Outcomes., Fullerton, CA, February 2013

The Effect of Asymmetric Information on Product Market Outcomes., Winston-Salem, NC, January 2013

Financing Major Investments: Information about Capital Structure Decisions. FIRS, Minneapolis, MN, May 2012

The role of risk management in mergers and merger waves. Midwest Finance Association, Chicago, IL, March 2011

The influence of governance on investment: Evidence from a hazard model., Bloomington, IN, December 2010

Houses, Banks and Financial Markets: Why the Crisis this Time?. Australasian Finance and Banking Conference, Sydney, Australia, December 2010

The role of risk management in mergers and merger waves., Buffalo, NY, November 2010

The influence of governance on investment: Evidence from a hazard model. Financial Management Association, New York, NY, October 2010

The role of risk management in mergers and merger waves., Fullerton, CA, April 2010

The role of risk management in mergers and merger waves. Financial Management Association, Reno, NV, October 2009

A Decade of Living Dangerously: The Causes and Consequences of the Mortgage and Financial Crises. Allied Social Science Association Meetings, San Francisco, CA, January 2009

Interactions between investment and financing, and their influence on firm value. Financial Management Association, Dallas, TX, October 2008

A Decade of Living Dangerously: The Causes and Consequences of the Mortgage and Financial Crises. Subprime Housing Crisis Symposium, Iowa City, IA, October 2008

Long-run Underperformance Following External Finance Issues?. American Finance Association, New Orleans, January 2008

Long-run Underperformance Following External Finance Issues?., Aukland University, Massey University, Victoria University Wellington, June 2007

Long-run Underperformance Following External Finance?. Financial Management Assocation meetings, Salt Lake City, Salt Lake City, Utah, October 2006

Long-run Underperformance Following External Finance Issues?. Iowa State University Presentation, Ames, Iowa, April 2006

Long-run Underperformance Following External Finance Issues?. Florida International University presentation, Fort Lauderdale, FL, April 2006

Measuring Investors' Opinion Divergence. Financial Management Association meetings, October 2005

Are Bank Loans Special? Evidence on the Post-announcement performance of bank borrowers.. SUNY - Binghamton, Binghamton, NY, December 2004

Volume, Opinion Divergence and Returns: A Study of Post - Earnings Announcement Drift. American Finance Association Meetings, San Diego, CA, January 2004

Volume, Opinion Divergence and Returns: A Study of Post - Earnings Announcement Drift. Texas A&M University, College Station, TX, November 2002

The Long-Run Performance of Firms Following Loan Announcements. Financial Management Association meetings, October 2002

The Long-Run Performance of Firms Following Loan Announcements. American Finance Association meetings, January 2002

Rational Markets, Divergent Investor Opinions and Post ? Earnings Announcement Drift. Financial Management Association meetings, October 2001

Market Structure and Trader Anonymity: An Analysis of Insider Trading. Invited Presentation at: Univ. of Iowa, Univ. of Minnesota, Univ. of Pittsburgh, Emory Univ., January 1999

Segmented Capital Markets, Financial Flexibility and Bank Value. Invited Presentation at: Univ. of Delaware, Federal Reserve Board, September 1998

The Cost of Market versus Regulatory Discipline in Banking. Southern Finance Association meetings, November 1996

Market Structure and Trader Anonymity: An Analysis of Insider Trading. Western Finance Association meetings, June 1996

New Evidence on the Effects of Federal Regulations on Insider Trading: The Insider Trading and Securities Fraud Enforcement Act (ITSFEA). Financial Management Association meetings, October 1994

The Effect of Lender Identity on a Borrowing Firm's Equity Return. American Finance Association meetings, January 1994

The Importance of Post-Event Insider Trading. Invited Presentation at: Univ. of New Hampshire, Purdue Univ., Loyola Univ. Chicago, Federal Reserve Board, January 1994

Insider Trading and Executive Compensation. Financial Management Assocation meetings, October 1993

IPO Underpricing, Insider Selling and Subsequent Equity Offerings: Is Underpricing a Signal of Quality?". Financial Management Association meetings, October 1991

Committees and professional service 
Computing and Learning Technologies
Financial Management Association Rvw Comm
Henry Fund Application Review Committee
MBA Core Committee
MBA program committee
President & Provost Award nomination
Recruiting
SFS Cavalcade Review Committee
Standards 4 Success
Tippie Advance Weekend
Committee on Teaching and Learning, 2014 - Current
Masters in Management Investigation Committee, 2014 - Current
Unizin sounding board, 2014 - Current
Collegiate Teaching Award Committee, 2013 - Current
Midwest Finance Association, 2012 - Current
Kline Capital Group, Clean Tech Fund Advisory Board, 2009 - Current
FRIC (Funded Retirement and Insurance Committee), 2007 - Current
Midwest Finance Association, 2016 - 2017
Corporate Finance Track Chair Midwest Finance Association Meetings, 2014 - 2016
Annual Review of Lecturer Heidi Dybevik, 2014 - 2016
Review Committee for Inaugural Ruane (National) Teaching Innovation Award, 2015 - 2016
President's "Kitchen" Cabinet, 2013 - 2015
Search Committee VP/Finance and Treasurer, 2014 - 2015
Seminar Series, 2013 - 2015
Provost Review Committee, 2013 - 2014
School of Management Innovation Task Force, 2013 - 2014
Online Pedagogy Forum, 2013
Search Committee for Dean of Tippie College of Business, 2011 - 2012
Search Committee for Director of Executive MBA Programs, 2011
Faculty Senate, 2008 - 2011
Faculty Senate Officer (Secretary), 2010 - 2011
Elected Faculty Council, 2007 - 2009
Outcomes Assessment Planning, 2006 - 2007
Outcomes Assessment, 2006
Ph.D. comprehensive exam, 2001 - 2002
Ph.D. admissions, 2001
Additional training 
Critical Thinking in the classroom, Seminar, AACSB, 2015
NTITLE, 2000