Ronald W. Masulis
Frank K. Houston Professor of Management
Subject Area(s):
Finance, Entrepreneurship
Biography:
RONALD W. MASULIS, Frank K. Houston Professor of Finance. M.B.A., Ph.D., Chicago 1978. Research interests include corporate finance, corporate governance, executive compensation, investment banking, and international finance. Professor Masulis teaches courses in mergers and acquisitions, law and finance of mergers & acquisitions, venture capital, corporate finance theory and evidence. Masulis is chair of the Finance Ph.D. Program at Owen and is currently serving as chairman of the dissertation committees of Cong Wang and Shawn Mobbs. His paper, "Political Connections and Corporate Bailouts," (with Mara Faccio and John McConnell) which studies corporate bailout activity around the globe and the degree of association between corporate directors and large shareholders to important government officials, was published in the December 2006 issue of the Journal of Finance. His paper "Corporate Governance and Acquirer Return" (with Cong Wang and Fie Xie), which studies the effects of various corporate governance mechanisms and especially takeover defenses, on the profitability of acquisitions is also forthcoming in the Journal of Finance. In Summer and Fall 2005, he presented "Corporate Governance and Acquirer Returns" at Accounting and Finance Research Camp, Australian Graduate School of Management, Sydney, Sloan Conference on International Markets and Corporate Governance at Georgetown Law School. Masulis also presented "Do Venture Investments by Financial Institutions Affect the IPO Underwriting Process?" at the Symposium in Corporate Finance at Hong Kong University of Science & Technology. During Spring and Summer 2006, Masulis presented "Corporate Governance and Acquirer Returns" as a keynote address of Journal of Banking and Finance, 30th Anniversary Conference, in Beijing, which he also presented at the FIRS Conference on Banking, Corporate Finance & Intermediation in Shanghai. He also presented "Do Venture Investments by Financial Institutions Affect the IPO Underwriting Process?" at the University of Sydney, and "Analysis of Acquirer Returns When Targets Are VC-Backed" at the University of New South Wales, also in Sydney. He presented "Seasoned Equity Offerings: Quality of Accounting Information and Expected Flotation Costs" at Auckland University and "Does Venture Capital Reputation Affect Subsequent IPO Performance" at Massey University also in Auckland. In Fall 2006, he presented "Agency Costs and Dual Class Companies" as a keynote address at the 19th Annual Australasian Finance and Banking Conference in Sydney. He also presented various papers at the University of Alabama, Pennsylvania State University, the University of Kentucky and the University of Melbourne. In Winter 2007, he presented papers at Erasmus University in Rotterdam and Notre Dame University. This Spring he will present "Strategic Investing: Evidence from Corporate Venture Capital" with Raj Nahata at the Financial Contracting: Theory and Evidence Conference in Mannheim Germany, sponsored by the Journal of Financial Intermediation and the European Corporate Governance Institute. His paper "Analysis of Acquirer Returns When Targets Are VC-Backed" with Raj Nahata was recently accepted for presentation at the 2007 Western Finance Association Meetings. He is currently Academic Director on the Board of the Financial Management Association. He serves an associate editor of the Journal of Financial and Quantitative Analysis and the Pacific Basin Finance Journal and is a referee for numerous other finance journals.
Education:
B.A., Economics, Northeastern University, 1971
M.B.A., Economics and Finance, University of Chicago, 1974
Ph.D., Economics and Finance, University of Chicago, 1978
Course(s) Taught:
- MGT 630b: Corporate Finance Theory
- MGT 636: Research Seminar in Corporate Finance
- MGT 530: Mergers and Acquisitions
- MGT 530c: Law & Finance of Mergers and Aquisitions
Research Interest(s):
Investment banking, corporate governance, mergers & acquisitions, venture capital, law & economics and international finance.
Area(s) of Expertise:
Corporate finance, security offerings, mergers, corporate governance, venture capital and private equity, international corporate finance and financial institutions.
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