JON GARFINKEL

The University of Iowa

Department of Finance

Henry B. Tippie College of Business

Iowa City, IA 52242

Office: W334 PBB

Phone: (319) 335-0943

e-mail: jon-garfinkel@uiowa.edu

EDUCATION

University of Florida, Gainesville, FL Ph.D. Finance, August 1994.

Virginia Tech, Blacksburg, VA B.A. Economics, May 1988.

EXPERIENCE

• Henry B. Tippie Research Professor in Finance, Tippie College of Business, University of Iowa, July 2018 - present.
• Professor of Finance, Tippie College of Business, University of Iowa, April 2013 - June 2018.
• Professor of Finance, Faculty Director, MBA Finance Academy, Tippie College of Business, University of Iowa, May 2012 - April 2013.
• Associate Professor of Finance, Faculty Director, MBA Finance Academy, Tippie College of Business, University of Iowa, February 2011 - May 2012.
• Associate Professor of Finance, Tippie College of Business, University of Iowa, May 2006 - February 2011.
• Assistant Professor of Finance, Tippie College of Business, University of Iowa, August 1999 - May 2006.
• Visiting Academic Fellow, U.S. Securities & Exchange Commission, August 1998 - August 1999.
• Assistant Professor of Finance, Loyola University Chicago, August 1994 - August 1998.

PUBLICATIONS

• "Competition and Innovation Revisited: A Project-Level View" (with Mosab Hammoudeh) ** Forthcoming in the Review of Financial Studies ** paper
• "Academic Publishing Behavior and Pay Across Business Fields" (with Mosab Hammoudeh and James Weston), Financial Management, Spring 2024, v. 53, pp. 31-58. paper
• "Predicting Success in Entrepreneurial Finance Research" (with Emmanuel Yimfor), Journal of Corporate Finance, August 2023, 81, 102359. paper
• "The Capital Supply Channel in Peer Effects: The Case of SEOs" (with Matthew T. Billett and Yi Jiang), Journal of Banking and Finance, April 2023, v.149, 106807. paper
• "At-The-Market (ATM) Offerings" (with Matthew T. Billett and Ioannis V. Floros), Journal of Financial and Quantitative Analysis, June 2019, v. 54, pp. 1263-1283. paper
• "The Effect of Asymmetric Information on Product Market Outcomes" (with Matthew T. Billett and Miaomiao Yu), Journal of Financial Economics, February 2017, v. 123, pp. 357-376. paper
• "Financing Major Investments: Information about Capital Structure Decisions" (with Ralf Elsas and Mark J. Flannery), Review of Finance, July 2014, v. 18, no. 4, pp. 1341-1386. paper
• "The Influence of Governance on Investment: Evidence From a Hazard Model" (with Matthew T. Billett and Yi Jiang), Journal of Financial Economics, December 2011, v. 102, no. 3, pp. 643-670. paper
• "The Role of Risk Management in Mergers and Merger Waves" (with Kristine Watson Hankins), Journal of Financial Economics, September 2011, v.101, no.3, pp.515-532. paper
• "Frequent Issuers' Influence on Long-run Post-Issuance Returns" (with Matthew T. Billett and Mark J. Flannery), Journal of Financial Economics, February 2011, v.99, no.2, pp. 349-364. paper
• "Measuring Investors' Opinion Divergence", Journal of Accounting Research, December 2009, v. 47, no. 5, pp. 1317-1348. paper
• "Information, Incentive Alignment and Company-Loan Financing of Insider Trades" (with Kathleen Kahle and Kuldeep Shastri), Financial Management, Winter 2007, v. 36, no. 4, pp. 67-87. paper
• "Are Bank Loans Special? Evidence on the Post-Announcement Performance of Bank Borrowers" (with Matthew T. Billett and Mark J. Flannery), Journal of Financial and Quantitative Analysis, December, 2006, pp.733-751 (lead article). paper
• "Volume, Opinion Divergence and Returns: A Study of Post - Earnings Announcement Drift" (with Jonathan Sokobin), Journal of Accounting Research, March 2006, vol. 44, issue 1, pp. 85-112. paper
• "Financial Flexibility and the Cost of External Finance for U.S. Bank Holding Companies" (with Matthew T. Billett), Journal of Money, Credit, and Banking, October, 2004, pp. 827-852 (lead article). paper
• "Market Structure and Trader Anonymity: An Analysis of Insider Trading" (with M. Nimalendran), Journal of Financial and Quantitative Analysis, September,2003, pp. 591-610. paper
• "The Cost of Market versus Regulatory Discipline in Banking," (with Matthew T. Billett and Edward S. O'Neal), Journal of Financial Economics, June, 1998, pp.333-358. paper
• "New Evidence on the Effects of Federal Regulations on Insider Trading: The Insider Trading and Securities Fraud Enforcement Act (ITSFEA)", Journal of Corporate Finance, April, 1997, pp.89-111 (lead article). paper
• "The Effect of Lender Identity on a Borrowing Firm's Equity Return," (with Matthew T. Billett and Mark J. Flannery), The Journal of Finance, June, 1995, pp.699-718. paper
• "IPO Underpricing, Insider Selling and Subsequent Equity Offerings: Is Underpricing a Signal of Quality?," Financial Management, Spring, 1993, pp.74-83. paper

WORKING PAPERS

• "Visualizing Earnings to Predict Post-Earnings Announcement Drift: A Deep Learning Approach" (with Lawrence Hsiao) ** New Paper - Aug 2024 **
• "The Nature of Innovation and the Market for Corporate Control" (with Umang Khetan and Amrita Nain) ** New Paper - Aug 2024 **
• "Alumni Networks in Venture Capital Financing" (with Erik Mayer, Ilya Strebulaev, and Emmanuel Yimfor) ** Version - Aug 2024 **
• "Competition and Executive Compensation: Evidence from Pharmaceutical Breakthrough Designations" (with Mosab Hammoudeh, Steven Irlbeck, and Erik Lie) ** Version - June 2023 ; presented at 2024 MFA Meetings; presented at 2024 AFA Meetings; presented at 2023 NBER Compensation Conference; **
• "Disagreement and Returns: The Case of Cryptocurrencies" (with Lawrence Hsiao and Danqi Hu) ** Version - October 2024; R&R at FM **
• "Regulatory Policy Enforcement and Corporate Performance " (with Dain Donelson and Sepehr Roudini) ** Version - April 2024; presented at 2024 AFA Meetings **
• "Index Investing and Corporate Investment-Price Sensitivity" (with Matthew T. Billett and Ha Diep-Nguyen) ** Version - August 2020 **
• "The Interactive Influence of External and Internal Governance on Risk Taking and Outcomes: The Importance of CEO Career Concerns: " (with Jaewoo Kim and Kyeong Hun Lee) ** Inactive **
• You can also access my papers on the Social Science Research Network (SSRN) through the following link: SSRN_Garfinkel

CURRICULUM VITA

• Current CV

AREAS OF INTEREST

• Research: Corporate Investment, Financing, Innovation, Competition, Investor Opinion Divergence, pharma-Finance, Financial Institutions and Markets, Insider Trading.
• Teaching: Corporate Finance, Core/Fundamental Finance

College of Business