Finance

Finance faculty are highly involved in scholarly research and events including the VSB Finance Seminar Series and the Mid-Atlantic Research Conference in Finance.

Recent Faculty Distinctions

2012
Gerard Olson won Villanova University's Christian R. and Mary F. Lindback Award for Outstanding Teaching

2011
Gunita Grover received the Gerald A. Dougherty Endowed School of Business Faculty Award

2010
David Nawrocki won the Meyer ICE Award

2009
Michael Pagano became the first finance professor to be appointed as a member of Financial Industry Regulatory Authority's Market Regulation Committee
Nancy Heck received the Gerald Dougherty Endowed School of Business Faculty Award

Editorial Appointments

  • Victoria McWilliams, Editorial Advisory Board member, Journal of Applied Business Research
  • David Nawrocki Associate Editor, International Review of Financial Analysis Editorial Review Board member, Journal of Financial Planning
  • Michael Pagano Associate Editor, The Financial Review Editorial Board member, International Journal of Managerial Finance Editorial Board member, Advances in Quantitative Analysis of Finance and Accounting

Recent Publications

Diavatopoulos, C., Doran, J. S., Fodor, A., Peterson, D. R. (2012). The Information Content of Implied Skewness and Kurtosis Changes Prior to Earnings Announcements for Stock and Option Returns. Journal of Banking and Finance.

Diavatopoulos, C. (2008). The Information Content in Implied Idiosyncratic Volatility and the Cross-Section of Stock Returns: Evidence from the Option Markets. The Journal of Futures Markets, 28(11), 1013-1039.

Hanouna, P. E., Das, S. R. (2009). Hedging Credit: Equity Liquidity Matters. Journal of Financial Intermediation, 18(1), 112-123.

Hanouna, P. E., Das, S. R., Sarin, A. (2009). Accounting-Based Vs. Market-Based Cross-Sectional Models of CDS Spreads. Journal of Banking and Finance, 33(4), 719-730.

Luo, M. (2011). A Bright Side of Financial Constraints in Cash Managment. Journal of Corporate Finance, 17(5), 1430-1444.

Pagano, M. S., Mason, J., Cangemi, R. (In Press). Options-based Structural Modeling of Bond Recovery Rates. Journal of Fianancial Intermediation.

Pagano, M. S., Shin, Y., S.H., H. (In Press). Rating Agency Reputation, the Global Financial Crisis, and the Cost of Debt. Financial Management.

Pagano, M. S., Mao, W. (2011). Specialists as risk managers: The competition between intermediated and non-intermediated markets. Journal of Banking & Finance(35), 51-66.

Yang, T., Morgan, A., Poulsen, A., Wolf, J. (2011). Mutual funds as monitors: Evidence from mutual fund voting. Journal of Corporate Finance, 17(4), 914–928.

Yang, T., Linck, J. S., Netter, J. M. (2009). The Effects and Unintended Consequences of the Sarbanes-Oxley Act on Corporate Boards. Review of Financial Studies, 22(8), 3287-3328.

Yang, T., Linck, J. S., Netter, J. M. (2008). The Determinants of Board Structure. Journal of Financial Economics, 87, 308-328.

Thought Leadership

Finance faculty members publish in the following journals:

  • Journal of Financial Economics
  • Review of Financial Studies
  • Journal of Corporate Finance
  • Journal of Banking and Finance
  • Journal of Financial Intermediation
  • Financial Management
  • Journal of Financial Markets
  • Journal of Futures Markets
  • Journal of International Money and Finance
  • Financial Analysts Journal
  • Journal of Economic Dynamics and Control

For More Information

David R. Shaffer
Chair, Finance
david.shaffer@villanova.edu
(610) 519-5637