Steve L. Slezak, PhD
Associate Professor of Finance

Steve L. Slezak, PhDProf. Slezak serves as the Department Head of Finance and Real Estate at the College of Business. He recieved the Michael L. Dean Excellence in Classroom Education and Learning EXCEL Graduate Teaching Award for 2008. He served as the Academic Director of MBA Programs and the Acting Director of the Graduate Programs Office during the 2004/2005 and 2005/2006 academic years at the College of Business. Prior to joining the CoB in 2002, Prof. Slezak was in the finance departments of the Kenan-Flagler Business School of the University of North Carolina at Chapel Hill and the University of Michigan Business School. Attesting to his dedication to teaching, he received the Weatherspoon Award for Excellence in MBA teaching while at Kenan-Flagler. His current research examines strategic issues in financial decision-making, including security pricing under asymmetric information, managerial incentives to manipulate information, and corporate governance. He has published in The Review of Financial Studies, The Journal of Finance, The Journal of Financial Economics, The Journal of Financial and Quantitative Analysis, and The Journal of Economics and Management Strategy. His article on Delegated Portfolio Management and Rational Prolonged Mispricing was nominated for the 2003 Smith-Breeden Prize for the best article in the Journal of Finance, the leading journal in his field.

Contact Information
E-mail: steve.slezak@uc.edu Phone: (513) 556-7023
Office/Address: 103 Carl H. Lindner Hall
PO Box 210195
Cincinnati, Ohio 45221-0195
Fax: (513) 556-4891
 
 
Areas of Expertise
General Expertise: Finance
Specific Expertise: Investment, Markets & Institutions
Research Interests: Asset Pricing with Asymmetric Information, Strategic Aspects of Financial Decision Making under Asymmetric Information
Teaching Interests: Corporate Finance, Investments, Market Microstructure
Working Papers
  • “The Strategic Interaction between Committing and Detecting Fraudulent Misreporting,” with Buhui Qiu
  • “Is Idiosyncratic Risk a Source of Momentum?” with Doina Chichernea
  • “The Theoretical Implications of Asymmetric Information on Dynamic and Cross-Sectional Characteristics of Asset Returns,” with Charles M. Jones.
Publications
  • “Can Corporate Governance Save Distressed Firms from Bankruptcy? An Empirical Analysis,” with Eliezer Fich, Review of Quantitative Finance and Accounting, 30(2), February 2008, pp. 225-251.
  • "An Equilibrium Model of Incentive Contracts in the Presence of Information Manipulation," with Eitan Goldman, Journal of Financial Economics, June, 2006
  • “Delegated Portfolio Management and Rational Prolonged Mispricing,” with Eitan Goldman, Journal of Finance, 58, February, 2003, pp. 283-311.
  • “On the Impossibility of Weak-Form Efficient Markets.” Journal of Financial and Quantitative Analysis, 38, September, 2003.
  • 'The Effect of Organizational Form on Information Flow and Decision Quality: Informational Cascades in Group Decision-Making,' with Naveen Khanna, Journal of Economics and Management Strategy, 9, Spring, 2000, pp. 115-156.
  • "Insider Trading, Outside Search and Resource Allocation: Why Firms and Society May Disagree on Insider Trading Restrictions," with Naveen Khanna and Michael Bradley, Review of Financial Studies, 7, Fall 1994, pp. 575-608
  • "A Theory of the Dynamics of Security Returns Around Market Closures," Journal of Finance, 49, September 1994, pp. 1163-1212.
Affiliations
  • American Finance Association
  • Western Finance Association
  • Financial Management Association
Honors & Achievements
  • Michael L. Dean Excellence in Classroom Education and Learning EXCEL Graduate Teaching Award, 2008
  • Weatherspoon Award for Excellence in MBA Teaching from the University of North Carolina at Chapel Hill
Education
  • Doctor of Philosophy (Economics), University of California, San Diego, June 1989
  • Master of Arts (Economics), University of California, San Diego, June 1985
  • Bachelor of Arts (Economics), University of California, San Diego, June 1981
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