Steve Heston graduated with a BS double major in Mathematics and Economics from the University of Maryland, College Park in 1983. He attended the Graduate School of Industrial Administration and earned an MBA in 1985 followed by a PhD in Finance in 1990. He has held previous faculty positions at Yale, Columbia, Washington University, and the University of Auckland in New Zealand. He has worked in the private sector with Goldman Sachs in Fixed Income Arbitrage and in Asset Management Quantitative Equities.
Karen Hallows is a fulltime lecturer in the finance department at the Robert H. Smith School of Business at the University of Maryland since August of 2011. She currently teaches business finance in the undergraduate program and will be conducting two short term study abroad programs to Chile and Nicaragua in 2015. She has published in academic and trade journals in the areas of the economics of education, financial management education, and international business education. Currently, her research is focusing on case writing in financial management.
Laurent Frésard is an Assistant Professor of Finance at the Robert H. Smith School of Business at the University of Maryland. His research interests are mainly in empirical corporate finance, with a focus on the interactions between product market competition and corporate policies, and the determinants and consequences of international cross-listings. His work has recently been published the Journal of Finance, Journal of Financial Economics, Review of Financial Studies, and Review of Finance. Professor Frésard’s teaching interests include corporate finance, and valuation.
Michael Faulkender’s research focuses on empirical corporate finance in the areas of capital structure, risk management, corporate liquidity, and executive compensation. His work has been published in the Journal of Finance, Journal of Financial Economics, and Review of Financial Studies and has been cited in the Wall Street Journal, Washington Post, and The New York Times.
Professor Bakshi's research interests include asset pricing, international finance, term structure of interest rates, default risk, and pricing of derivative securities. His works have been published in theAmerican Economic Review, Journal of Business, Journal of Finance, Journal of Financial Economics, Management Science, Journal of Financial and Quantitative Analysis, and Review of Financial Studies. His recent work focuses on studying the valuation structures of technology stocks, risk premiums, investor irrationality, probability of stock market crashes, and credit risks.
- Emily Doane
- Office of Undergraduate Studies
Representatives from the Chartered Alternative Investment Analyst (CAIA) Association will host an information session for Smith Finance Fellows.
- Aysun Alp, (2010, expected), Structural Shifts in Credit Rating Standards, Assistant Professor of Finance, Sabanci University, Turkey.
- Nitish Sinha, (2010, expected), News Articles and Momentum, Assistant Professor of Finance, University of Illinois Chicago.
- Tanakorn Makaew, (2010, expected), A Dynamic Model of International Mergers and Acquisitions, Assistant Professor of Finance, University of South Carolina.
- Minwen Li, (2010, expected), Selection of Star CEOs and Firm Performance, Assistant Professor of Finance, Tsinghua University, China.
- Yun Liu, (2009), Has received offer, Assistant Professor of Finance, University of California, Riverside.
- David Hunter, (2008), Unmapped Holdings and the Performance of U.S. Equity Mutual Funds, Assistant Professor of Finance, University of Hawaii.
- Carl Ullrich, (2006), Essays in Financial Economics, Visiting Professor of Finance, Penn State University, currently Assistant Professor of Finance at Virginia Polytechnique, (Virginia Tech).
- Liu Yang, (2006), Essays on Asset Purchases & Sales: Theory & Empirical Evidence, Assistant Professor of Finance, Anderson School of Management, UCLA
- Tracy (Yue) Wang, (2005), Securities Fraud: An Economic Analysis, Assistant Professor of Finance, University of Minnesota
- George Panayotov, (2005), 3 Essays on Volatility Issues in Financial Markets, Assistant Professor of Finance, Georgetown University
- April Knill, (2005), Foreign Portfolio Investment & Financing: Constraints on the smaller firm, Assistant Professor of Finance, Florida State University
- Kristina Minnick, (2005), Empirical essays on corporate write-offs, Assistant Professor of Finance, Bentley College
- Oghenovo Obrimah, (2005), Essays on Law, Finance & Venture Capitalists Asset Allocation Decisions, Assistant Professor of Finance, Virginia Commonwealth University
- Meghana Ayyagari, (2004), International corporate governance: A study of complementarities & convergence, Assistant Professor of Business, George Washington University
- Levent Guntay, (2003), Pricing Defaultable Callable Coupon Bonds Assistant Professor of Business, Indiana University
- John Guo, (2003), Understanding Consumers’ Online Information Retrieval & Search: Implication for Firm Strategies, Millennium Partners, New York.
- Hernan Ortiz-Molina, (2003), Assistant Professor of Finance, University of British Columbia, economics Ph.D. student, co-chair Gordon Phillips.
- Solomon Tadesse, (2002), Assistant Professor of Finance, Penn State University.
Office: 3330J Van Munching Hall
Kyoung-hun joined the Smith finance PhD program in 2010. He received a bachelor's degree in mechanical engineering and a master's degree in finance both from Seoul National University in Korea. Before joining the program at the University of Maryland, he was a doctoral student in economics at the University of Texas at Austin, majoring in industrial organization. His current research interests include financial economics and corporate finance.
Don Bowen joined the finance program in 2012 after taking graduate courses in the finance department at the University of Rochester. He received a BS in economics and a BS in finance from Arizona State, where he minored in mathematics and wrote his honors thesis on treasury auctions. His current research focuses on the intersection of IO and corporate finance.
Office: 3330 Van Munching Hall
Wen Chen joined the Robert H. Smith finance PhD program in 2011. She received her bachelor’s degree in physics from University of Science and Technology of China (USTC), and a PhD in physics from University of California San Diego (UCSD). Her current research interests include market microstructure and asset pricing.
Peter joined the Smith finance PhD program in 2012. He received a master's in statistics-econometrics from the University of Utah where he was the 2011 econometrics student of the year. He also holds a bachelor's degree in financial economics from Brigham Young University-Idaho. Prior to joining the Smith School he worked as a financial analyst for Intermountain Healthcare in Utah. His current research interests are empirical corporate finance and empirical asset pricing.
Office: 3330 Van Munching Hall
Anne Duquerroy joined the Robert H. Smith finance PhD program in 2011. She received an MS in management from Audencia Nantes School of Management (France) and a master’s degree in economics from Sciences Po Paris (France). Her current research interests include risk management, systemic risk and financial regulation.
Office: 3330 Van Munching Hall
Xiaoyuan Hu joined the Robert H. Smith Finance PhD program in 2011. She received a BA in economics and finance from Tsinghua University in China in July, 2011. During her undergraduate study, she attended a full-time exchange program in the University of Manchester, UK. Her current research interests include empirical corporate finance, corporate governance, law and finance, and financial institutions.
Office: 3330 Van Munching Hall
Nitin studied at the Indian Institute of Technology (Kanpur), India, for his bachelor's and at the Indian Statistical Institute (Calcutta), India, for his master's degree. His current broad areas of interest are mutual funds, institutional investing and financial markets.
Jeongmin Lee is a Finance PhD candidate at the Robert H. Smith School of Business, University of Maryland. Her research focuses on financial institutions and financial stability. Specifically, she works with models of collateral circulation in the shadow banking system and studies the systemic fragility that stems from it. Her research interests also lie in asset pricing, general equilibrium, information economics and market microstructure. Prior to her time at the Smith School she earned Masters degree in Management Engineering and Bachelors degree in Mathematics at Korea Advanced Institute of Science and Technology and Pohang University of Science and Technology respectively. She was a dissertation intern at the Federal Reserve Board of Governors in the summer of 2012.
Wei Li joined the program in 2008. Prior to Maryland, he obtained graduate and undergraduate degrees in engineering and statistics from Purdue, Tsinghua, and Zhejiang University. He is interested in both theoretical and empirical research on asset pricing and market microstructure.
Prior to joining the Finance program in 2009, Danmo studied economics as an undergraduate student at the Central University of Finance and Economics (China), and later as a PhD student at Stony Brook University. Her previous professional experience includes organizing for the 18th and 19th International Game Theory Festival and teaching game theory at Stony Brook University. Danmo has a joint paper "Dividends and Capital Gains Taxation under Incomplete Markets" forthcoming in the Journal of Monetary Economics. Her current research interest is in corporate finance combined with an IO perspective.
Benjamin joined the PhD program in 2009. He received dual BS degrees in mathematics and in economics from Arizona State University. There he was involved in many undergraduate research programs for the mathematical sciences - some of which were published or presented at undergraduate research conferences. His current research interests include market structure and theory, risk management, and corporate and international finance.
Office: 3330 Van Munching Hall
Olya joined the Smith finance PhD program in 2011. She received a specialist degree in mathematics from Omsk State University in 1999 and MS in finance from the University of Maryland, Robert H. Smith Business School in 2011. Her current research interests include financial regulation and systemic risk.
Office: 1308E Van Munching Hall
Anshuman Sinha's research interest include asset pricing theory, debt and renegotiation, real estate economics, survival and price impact and general equilibrium theory . He has bachelor's and master's degrees in mathematics from Delhi University. He has taught an upper level undergraduate course in international finance at the Robert H. Smith School of Business and won a top-15% teaching award in 2010.
Prior to joining the finance PhD program, Austin Starkweather spent several years working in corporate finance, mostly focused on buy-side corporate acquisition analysis, internal financial planning and credit agreement management. Before this, he spent time in China teaching English and working with a microfinance non-profit. He completed his BA in 2004 from Princeton University, majoring in economics and minoring in east Asian studies and Chinese. He speaks both Spanish and Mandarin with decent proficiency, though always appreciates opportunities to improve either. His research interests include international and corporate finance.
Onur Tosun joined the finance department in 2008. Prior to the Smith School of Business, he received an MBA degree from Bogazici University, Turkey, where he taught statistics and statistical analysis courses at the department of management. He attended Istanbul Technical University, Turkey for his undergraduate studies, attaining a bachelor of science in industrial engineering. During his undergraduate and graduate education, Onur conducted research in the fields of logistics, marketing, and finance and participated in various international conferences. He also published one of his works with the Journal of Global Optimization. Onur was awarded a full graduate assistantship and a dean's summer research fellowship for his PhD studies at the Smith School of Business, University of Maryland. His current research interests include empirical corporate finance: executive compensation, capital structure and corporate governance.