Finance
General Information
The Department of Finance at the University of Utah trains doctoral students in the application of economic theory to understanding the structure and behavior of firms and the nature of financial markets. This philosophy reflects the interests of the faculty in examining contemporary issues concerning the theory of the firm, corporate finance, market microstructure, contingent claims and the allocation of resources. The program provides students with opportunities to examine these issues through both developing theoretical models and the empirical testing of those models. Students who complete the doctoral program are trained as academic scholars and in addition to teaching, are expected to contribute to the field of finance by producing original research.
The department provides its students with the opportunity to hear leading scholars from other universities present new research both at the departmental seminar series and at the Utah Winter Finance Conference. This intensive three-day conference, held each February, draws internationally renowned scholars from every area of finance and economics. In addition to the presentation of papers, the conference format provides students with ample opportunity to get to know leading academics in these disciplines.
Highlights of the Finance Specialization include:
- Students benefit from working with world renowned researchers in the DESB finance department.
- The finance faculty ranks in the top twenty in the world on top-level journal research output per faculty member.
- The finance department includes faculty who are associate editors and editors of some of the most prestigious finance journals.
- Students benefit directly from working with these faculty members in molding and mentoring of the student’s research agenda and dissertation.
- The finance department holds a regular seminar series in which top researchers from around the world come to the DESB to present their research.
- The department maintains a collegial supportive environment where students are encouraged to work with faculty members in developing their research projects.
- PhD students are invited to attend the finance department’s annual Winter Finance Conference, where they can see accomplished researchers present their work, and also interact on the ski slopes if desired.
- Recent placements of DESB Finance PhD students include the University of Arizona, Texas Tech University, and Oklahoma University
PhD Committee Representative
Dr. Shmuel Baruch
Email: shmuel.baruch@business.utah.edu
Phone: 801-581-7683
Finance Faculty
Elena Asparouhova (Assistant Professor)- 2004 PHD California Institute Of Technology
Research/Teaching Focus: Investments, Microeconomics
Recent Publications: Review of Finance, Journal of Financial Markets
Shmuel Baruch (Director of the Department of Finance PhD Program, Associate Professor)- 1998 PHD Olin School Of Business, Washington University In St. Louis
Research/Teaching Focus: Finance
Recent Publications: Review of Financial Studies, Journal of Finance, Journal of Business
Hendrik Bessembinder (A. Blaine Huntsman Chaired Presidential Professor, Department of Finance)- 1986 PHD University Of Washington
Research/Teaching Focus: Corporate Finance, Financial Markets
Recent Publications: Journal of Economic Perspectives, Journal of Business, Journal of Financial and Quantitative Analysis
Calvin Boardman (Professor)- 1977 PHD University Of North Carolina At Chapel Hill
Research/Teaching Focus: Corporate Finance; Business Philosophy and Ethics
Recent Publications: Journal of Equipment Lease Financing, Journal of Business Ethics
Michael Cooper (Professor)- 1996 PHD University Of North Carolina At Chapel Hill
Research/Teaching Focus: Investments
Recent Publications: The Journal of Finance, Journal of Business, The Journal of Finance Economics
Michael Halling (Assistant Professor)- 2006 PhD (Finance) University Of Vienna
Research/Teaching Focus: Corporate Finance, Investment Analysis, Risk Measurement and Management, International Finance
Recent Publications: Review of Financial Studies (Forthcoming)
Avner Kalay (Professor)- 1979 PHD University Of Rochester
Research/Teaching Focus: Corporate Finance, Capital market Theory and Efficiency, Economics of Information, Agency Theory, Optimal Contracting, Real Options, Micro-Structure of Markets
Recent Publications: Journal of Financial Economics, George Mason Law Review, Journal of Financial Markets
Michael Lemmon (Professor)- 1995 PHD University Of Utah
Research/Teaching Focus: Empirical Methods, Organizations And Markets
Recent Publications: Journal of Finance, Review of Financial Studies, Journal of Business
Karl Lins (Professor)- 2000 PHD University Of North Carolina At Chapel Hill
Research/Teaching Focus: Corporate Finance, International Finance, Corporate Governance, Emerging Markets
Recent Publications: Review of Financial Studies, The Journal of Financial and Quantitative Analysis, The Journal of Accounting Research
Uri Loewenstein (Director of the Department of Finance, Professor)- 1984 PHD New York University
Research/Teaching Focus: Corporate Finance
Recent Publications: Journal of Business, Pacific-Basin Finance Journal, Review of Quantitative Finance and Accounting
Marios Panayides (Assistant Professor)- 2004 PHD Yale University
Research/Teaching Focus: Market Microstructure, Financial Modeling, Multivariate Statistics
Recent Publications: Journal of Financial Economics
Scott Schaefer (David Eccles School of Business Associate Dean, Professor)- 1995 Ph.D. Stanford Graduate School Of Business
Research/Teaching Focus: Economics, Economics of Organization; Personnel Economics; Economics of Strategy
Recent Publications: Journal of Law, Economics and Organization, Journal of Financial Intermediation, Review of Accounting Studies
James Schallheim (Professor)- 1980 PHD Purdue
Research/Teaching Focus: Corporate Finance
Recent Publications: Journal of Equipment Lease Financing, Journal of Financial Economics, Review of Financial Studies
Elizabeth Tashjian (Associate Professor)- 1986 PHD Purdue University
Research/Teaching Focus: Finance
Recent Publications: Journal of Financial Economics, Leonardo, Proceedings of the 2004 EAAE-ARCC Research Conference
