Assistant Professor of Finance
Eller College of Management
University of Arizona
(520) 621-0746

Biography
I am an Assistant Professor of Finance in the Eller College of Management at the University of Arizona.  My research utilizes theoretical, empirical and computational methods to investigate topics at the intersection of corporate finance and financial markets.  Specifically, my research interests include price feedback and the informativeness of price for firm decision making, IPO underpricing, institutional investors (in particular, their effect on the real economy), and retirement tax planning. My teaching is focused on Financial Modeling, where I combine my real-world experience in early-stage ventures with cases and interactive projects.  Prior to academia, I worked in high-frequency algorithmic trading and private student lending where I was involved in several fundraising efforts, ranging from $300K to $75M.

Recent Updates (as of November 2016)
"Tax Uncertainty and Retirement Savings Diversification", with Scott Cederburg and Michael O'Doherty, has been accepted for publication in the Journal of Financial Economics.  It analyzes Roth versus Traditional retirement contributions in the presence of tax uncertainty, and is featured in an article on Bloomberg. Consumer Reports and Forbes have also featured our work.

As part of my financial modeling class, I competed along with my students in ModelOff, a financial modeling competition. I qualified as a finalist in the 2016 Financial Modeling World Championships, which will be held in London on December 4th and 5th.  

"Moral Hazard in Active Asset Management", with Shaun Davies, has been accepted for publication in the Journal of Financial Economics.  The paper highlights the negative externalities from falling passive fee revenue and increased competition on active managers' incentives to exert effort.

Past Updates:

September 2016
Shaun Davies and I have produced a new working paper on crowdfunding. In it, we show the importance of naive investors to creating an efficient financing environment. Our analysis has important implications for the design of crowdfunding platforms, which we discuss in our letter to the SEC.