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. He was awarded the Barclay's Global Investors/Michael Brennan Best Paper Award in the Review of Financial Studies in 2013, was runner up for that prize in 2006, and won the Jensen Prize for Corporate Finance – Second Prize in the Journal of Financial Economics in 2013.
SMITH BRAIN TRUST – Among the centerpieces of the Biden administration’s proposed $2 trillion infrastructure bill is an increase in the top corporate tax rate, meant to help cover the costs of the expansive spending plan. And it’s a move that some warn would carry a slew of implications.
Michael Faulkender’s career in finance has been a pursuit of answers to age-old questions: Why are economic decisions made the way they are and how we can make them better?
The longtime Maryland Smith finance professor has dedicated his educational and professional career to searching for those answers.
SMITH BRAIN TRUST – Companies run into problems when they focus too much on immediate outcomes. But finance students learn a different approach at the University of Maryland’s Robert H. Smith School of Business. “We focus on value maximization, not profit maximization,” says finance professor Michael Faulkender, associate dean of master’s programs. “Value is measured over the life of the activity, not the current outcome.”
SMITH BRAIN TRUST – Companies have built-in incentives to avoid short-termism, the excessive focus on immediate outcomes. But leaders fall into the myopia trap when they confuse shareholder value creation with current income maximization. Finance professor Michael Faulkender, associate dean of master’s programs at the University of Maryland’s Robert H. Smith School of Business, says the two mindsets are not compatible.
SMITH BRAIN TRUST – Recent op-eds in Fortune, Financial Times and Stanford Social Innovation Review all come down hard on shareholder primacy — the idea of putting investors first above all other sta
The Center for Global Business (CGB) at the University of Maryland's Robert H. Smith School of Business and the U.S. Department of Commerce welcomed the Chief Fintech Officer of Singapore’s Monetary Authority, Sopnendu Mohanty on April 23, 2018 to discuss trending issues in fintech and blockchain technologies while focusing on the U.S. approach to fintech opportunities in the Indo-Pacific region. The event was held at the Ronald Reagan Building and International Trade Center in Washington D.C. and hosted leading experts in fintech and blockchain, including the Smith School’s own, Nagpurnanand Prabhala, professor and area chair of finance, and Michael Faulkender, associate dean and professor of finance.
Michael Faulkender, professor of finance and associate dean of masters programs at the University of Maryland’s Robert H. Smith School of Business, was selected by President Trump on March 19, 2018, to be Assistant Secretary of the Treasury for Economic Policy. In this role, Faulkender will advise the Secretary of the Treasury and the administration on economic developments in the U.S. and world economies and assisting in the determination of appropriate economic policies.
More than 550 specialty master's, including Master of Science, students representing 21 countries came together recently for orientation activities at the University of Maryland’s Robert H. Smith School of Business.
The sun peeked out of the clouds, heralding the end of a long, heavy rain just as Executive MBA graduates from the University of Maryland’s Robert H. Smith School of Business marked the culmination of a challenging, transformative journey.
Finance students looking for “jobs of the future” will have a new degree option at the University of Maryland’s Robert H. Smith School of Business. Starting in fall 2017, the school will launch the first STEM-certified Master of Quantitative Finance program in the Washington, D.C., region.
