Ronald W. Masulis

Frank K. Houston Professor of Finance
Professor of Law

Ron Masulis is an expert in the law and finance of mergers and acquisitions. He has chaired Vanderbilt University’s Ph.D. program in finance since 1990, when he joined the faculty of the Owen Graduate School of Management as the Valere Blair Potter Professor of Management from the faculty of Southern Methodist University, where he had served as the James M. Collins Professor of Finance since 1986. He was named the Frank K. Houston Professor of Finance in 1993. Professor Masulis began his academic career in 1976 at the University of California Los Angeles, where he became a tenured associate professor of finance. Over the course of his academic career, Professor Masulis has been a visiting professor at the Goizueta School of Business at Emory University, the University of New South Wales, Hong Kong University of Science and Technology, Dartmouth College’s Tuck School of Business, the Norwegian School of Management in Oslo and the European Institute of Business Administration in Fontainebleau, France. In 2003, he was the recipient of Vanderbilt University’s Research Impact Award. He is currently associate editor of the Journal of Financial and Quantitative Analysis and the Pacific Basin Finance Journal.

Research Interests

Investment banking, corporate governance, mergers & acquisitions, venture capital, law & economics and international finance

Area(s) of Expertise

Corporate finance, security offerings, mergers, corporate governance, venture capital and private equity, international corporate finance and financial institutions


Representative Publications

  • "Corporate Governance and Acquirer Returns," 62 JOURNAL OF FINANCE 4 1851-1889 (2007) (with Cong Wang and Fei Xie)
  • "Agency Costs at Dual-Class Companies" with C. Wang and F. Xie, (March 2007) (Revision requested) (Presented as a keynote address at the 2006 Australasian Finance and Banking Conference in Sydney and also presented at the 2007 European Financial Management Association Meetings in Barcelona and the 13th Mitsui Life Symposium on Value Creation: Financing and Organizing the Firm at the University of Michigan, and accepted for presentation at the 2007 Financial Management Association Meetings)
  • "Venture Capital Conflicts of Interest: Evidence from Acquisitions of Venture Backed Targets," with Raj Nahata (April 2007) (Presented at the 2007 Western Finance Association Meetings and accepted for presentation at the 2007 Financial Management Association Meetings)
  • "Government Bailouts and Political Connections," 62 JOURNAL OF FINANCE 4 2597-2635 (2006) (with Mara Faccio and John J. McConnell)
  • "The Choice of Payment Method in European Mergers and Acquisitions," 60 JOURNAL OF FINANCE 3, 1345-1388 (2005) (with Mara Faccio)
  • "Trading Activity and Stock Price Volatility: Evidence from the London Stock Exchange," 10 JOURNAL OF EMPIRICAL FINANCE (2003) (with R. Huang)
  • "Does Market Structure Affect the Immediacy of Stock Price Responses to News?" 37 JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS (2002) (with L. Shivakumar)
  • "Seasoned Public Offerings: Resolution of the 'New Issues Puzzle,'" 56 JOURNAL OF FINANCIAL ECONOMICS (2000) (with E. Eckbo and O. Norli)
  • "FX Spreads and Dealer Competition Across the 24-Hour Day," 12 REVIEW OF FINANCIAL STUDIES (1999)

Contact Information

(615) 322-3687 (voice)
(615) 343-7177 (fax)
303 Owen (office)
Email

Curriculum Vitae
Website


SSRN

Education

Ph.D. University of Chicago (economics)
M.B.A. University of Chicago (economics and finance)
B.A. Northeastern University (economics and finance)

Programs