Cecilia Bustamante Directory Page
PhD in Finance, Swiss Finance Institute, University of Lausanne
Dr. M. Cecilia Bustamante is an asociate professor of finance at the Robert H. Smith School of Business at the University of Maryland.
Her research interests include applied dynamic corporate finance, industrial organization, and the asset pricing implications of corporate decisions. Her recent work elaborates on how competitive pressures in product markets affect corporate investment decisions and firms’ exposure to systematic risk. Cecilia has also studied the underlying determinants of waves in public equity offerings, and is currently analyzing how to reward CEOs optimally depending on the investment opportunities that firms may have.
Cecilia received her PhD in Finance from the Swiss Finance Institute at the University of Lausanne, and was a Visiting Scholar at the Haas School of Business at UC Berkeley during her PhD studies. Before pursuing an academic career, Cecilia also worked as a consultant in forensic finance supporting multinational firms in international arbitration procedures.
In Press, 2017
Bustamante MC, Donangelo A. Industry Concentration and Markup: Implications for Asset Pricing. Review of Financial Studies. In Press, 2017.
Anderson R, Bustamante MC, Guibaud S, Zervos M. Agency, firm growth and managerial turnover. Journal of Finance. 2017.
Bustamante MC. How do frictions affect corporate investment? A structural approach. Journal of Financial and Quantitative Analysis [Internet]. 2016;51 (6) :1-34.
Bustamante MC. Strategic investment and industry risk dynamics. Review of Financial Studies [Internet]. 2015;28 :297-341.
Bustamante MC. The Dynamics of Going Public. Review of Finance [Internet]. 2012;16 :577-618.
Professor M. Cecilia Bustamante at the University of Maryland’s Robert H. Smith School of Business was an invited speaker at the first…
SMITH BRAIN TRUST — People who study financial economics regularly assume that the markets in which firms sell their products are…