Babson College encourages and supports a variety of thought leadership and research activities to increase the public visibility
and academic reputation of the College and its faculty, regionally, nationally, and internationally. View a complete
faculty listing.
Below is a sampling of published research, working papers and areas of research being pursued by the faculty in the finance division of Babson College:
Professor Jennifer Bethel:
"The Contribution of Investment Bank and Investor Incentives to Boom-and-Bust Cycles," with L. Krigman, August 2003.
"Choosing Registration and Issuance Strategies for Repeat Equity Offerings", June 2002.
Professor Richard Bliss:
"Woman managers in Poland and the United States: A comparative analysis", with Lidija Polutnik; Industrial Relations Journal, August 2003, Vol.34, Issue 3, 210-225.
"Women Business Owners and Managers in Poland", with Ewa Lisowska and Lidija Polutnik, Volume 3, Research in Entrepreneurship and Management, John Butler, editor.
"Estimating Semiconductor Sales (A) and (B)", with Norean Sharpe, in A Casebook for Business Statistics (2nd Ed.), 2002, New York: John Wiley & Sons, in press.
"Mutual Fund Managers: Does Gender Matter?" (with Mark Potter), Journal of Business and Economic Studies, Spring 2002, Vol. 8, No. 1.
Professor Ryan Davies:
“Long-term information, short-lived securities,” with D. Bernhardt and J. Spicer, Journal of Futures Markets 26(5), 465-502, 2006.
“Painting the Tape: Aggregate Evidence,” with D. Bernhardt, Economics Letters 89(3), 306-311, 2005.
“The Toronto Stock Exchange preopening session,” Journal of Financial Markets 6(4), 491-516, 2003.
Professor John Edmunds:
Brave New Wealthy World, Financial Times Pearson Prentice Hall, June 2003.
Wealth by Association, with John Marthinsen, Praeger Press, March 2003.
November 11, 2005 “National Financial Systems and Enterprise Development in Latin America” presented at the Third Annual Can Latin American Firms Compete? Conference at Thunderbird, The Garvin School of International Management.
October 21, 2005 “Scenarios of Financial Wealth in Latin America,” presented at the CLADEA Conference, Santiago, Chile.
October 11, 2005 (with John Marthinsen) “Euro’s a Boon to Europe,” The Providence Journal.
July 15, 2005 (with John Marthinsen) “Wealth Creation and Currency Unification,” presented at the Second Annual Single Global Currency Conference, the Mount Washington Hotel, Bretton Woods, New Hampshire.
May 26, 2005 “Latin American Capital Markets: A Progress Report,” presented at the BALAS Conference, Madrid, Spain. Session chair.
Professor Steven Feinstein:
“Fraud-on-the-market Theory: Is a Market Efficient?” (with Allen Michel and Israel Shaked) American Bankruptcy Institute Journal, May 2005.
“Valuation of Credit Guarantees” (with Allen J. Michel and Israel Shaked). Journal of Forensic Economics 17(1), pp. 17-37, 2005.
“A Better Understanding of why NPV Undervalues Managerial Flexibility,” (with Diane Lander) in The Engineering Economist, 2002, Volume 47, Number 4.
Professor Michael Goldstein:
"Transparency and Liquidity: A Controlled Experiment on Corporate Bonds," with Erik Sirri and Edith Hotchkiss, Working Paper, April 2005.
"Trading Strategies During Circuit Breakers and Extreme Market Movements", (with Kenneth A. Kavajecz), Journal of Financial Markets, No. 7, p. 301-333, 2004.
"Eighths, Sixteenths, and Market Depth: Changes in Tick Size and Liquidity Provision on the NYSE" (with K. Kavajecz), Journal of Financial Economics, Vol. 56, No.1, April 2000, 125-149.
Professor Kathy Hevert:
“Venture capital investing by information technology companies: did it pay?” (with Stephen A. Allen), Journal of Business Venturing, forthcoming.
"Real Options Primer: A Practical Synthesis of Concepts and Valuation Approaches," Journal of Applied Corporate Finance, Vol. 14, No. 2, 25-40, Summer 2001.
"Financial Education in an Integrated, Undergraduate Curriculum," with R. Bliss, M.Ho, M.Potter, and L.Stoller, Journal of Financial Education, Volume 26, Spring 2000.
Professor Gang Hu:
“Measures of Implicit Trading Costs and Buy-Sell Asymmetry,” (Western Finance Association (WFA) meetings 2005, NYSE Travel Grant; Best Paper Award in Derivatives/Microstructure, Eastern Finance Association (EFA) meetings 2005).
“The Role of Institutional Investors in Seasoned Equity Offerings,” with Thomas Chemmanur and Shan He (American Finance Association (AFA) meetings 2006).
“Screening Location Strategies to Reduce Exchange Rate Risk,” with Timothy Lowe and Richard Wendell, European Journal of Operational Research 136 (2002) 573-590.
Professor Ralph Kimball:
"Failures in Risk Management," New England Economic Review, January/February 2000.
"Inflation-Indexed Bonds: The Dog That Didn't Bark," New England Economic Review, January/February 1999. Reprinted in International Securities, Cheltenham, U.K.: Edward Elgar Publishing Ltd. (G. Philippatos and G. Koutmas, Editors). 2000.
"Allocating Risk Capital in Banking," Value-Based Metrics: Foundation and Practice. (Frank J. Fabozzi Associates, 2000) Frank J. Fabozzi and James L. Grant, Editors.
Professor Laurie Krigman:
Cook, Douglas O., Laurie Krigman and J. Chris Leach, 2004, "On the Timing and Execution of Open Market Repurchases," The Review of Financial Studies, Vol. 17, No.2, 463-498.
Cook, Douglas O., Laurie Krigman, and J. Chris Leach, 2003, "An Analysis of SEC Guidelines for Executing Open Market Repurchases", The Journal of Business, 76, No.2, 289-315.
Aggarwal, Rajesh K., Laurie Krigman and Kent L. Womack, 2002, "Strategic IPO Underpricing, Information Momentum and Lockup Expiration Selling", The Journal of Financial Economics, 66, No. 1, 105-137.
Professor Mark Potter:
“The Impact of Gender and Social/Professional Networks on Behavior: Evidence from Mutual Fund Managers”, with Richard T. Bliss, Corporate Finance Review, Spring 2003.
“Mutual Fund Managers: Does Gender Matter?”, with Richard T. Bliss, Journal of Business and Economic Studies, Volume 8, No. 1, Spring 2002, pp. 1-15.
“The Do-It-Yourself Index Fund”, North Central Business Journal, (forthcoming) January 2003.
“What You See is not What You Get: Mutual Fund Tracking Error and Fund Diversification Properties”, July 2002. (working paper)
“On Risk Management for Alternative Investments: Risk/Return Portfolios Based on Directional Forecasts”, with Kathryn A. Wilkens. (working paper)
“Group Dynamics 101: Performance Characteristics of Individual vs. Team Managed Mutual Funds”, with Richard T. Bliss, May 2002. (working paper)
Professor Erik Sirri:
"Preferencing and Market Quality on U.S. Equity Exchanges," with Mark Peterson, Review of Financial Studies, 2003, Vol.16, No.2, 385-415.
"Evaluation of the Biases in Execution Cost Estimation Using Trade and Quote Data," with Mark Peterson, Journal of Financial Markets, 2003, Vol.6, No.3, 259-280.
"Order Submission Strategy and the Curious Case of Marketable Limit Orders," with Mark Peterson, Journal of Financial and Quantitative Analysis, 2002, Vol.37, No.2, 221-241.
Professor Craig Stephenson:
"Governance and Funds Allocation in United States Medical Research Charities," Financial Accountability & Management in Governments, Public Services and Charities, 2000, Vol.16, No.4, 335-352.