Paul H. malatesta, Ph.D.

 

 

 

 

 

 

 

  • Faculty, Finance

Concurrent:

Professor of Finance, University of Washington Norman J. Metcalfe Faculty Fellow

Selected Publications:

  • “The Wealth Effect of Merger Activity and the Objective Functions of Merging Firms,”
    Journal of Financial Economics, Vol. 11, p. 155-182 (April, 1983).
  • “Partially Anticipated Events: A Model of Stock Price Reactions with an Application to
    Corporate Acquisitions,” (with Rex Thompson), Journal of Financial Economics, Vol.
    14, p. 237-250 (June, 1985).
  • “Measuring Abnormal Performance: The Event Parameter Approach Using Joint
    Generalized Least Squares,” Journal of Financial and Quantitative Analysis, Vol. 21, p.
    27-38 (March, 1986).
  • “Discount Mortgage Financing and House Prices,” (with Alan Hess), Housing Finance
    Review, Vol. 5, p. 25-41 (Summer, 1986).
  • “Poison Pill Securities: Stockholder Wealth, Profitability, and Ownership Structure,”
    (with Ralph Walkling), Journal of Financial Economics, Vol. 20, p. 347-376 (Jan./March, 1988).
  • “The Wealth Effects of Second Generation State Takeover Legislation,” (with Jonathan
    Karpoff), Journal of Financial Economics, Vol. 25, p. 291-322 (December, 1989).
  • “Government Regulation and Structural Change in the Corporate Acquisitions Market:
    The Impact of the Williams Act,” (with Rex Thompson), Journal of Financial and
    Quantitative Analysis
    , Vol. 28, p. 363-379 (September, 1993).
  • “State Takeover-Legislation and Share Values: The Wealth Effects of Pennsylvania’s
    Act 36,” (with Jonathan Karpoff), Journal of Corporate Finance, Vol. 1, p. 367-382
    (1995).
  • “Corporate Governance and Shareholder Initiatives: Empirical Evidence,” (with Jonathan Karpoff and Ralph Walkling), Journal of Financial Economics, Vol. 42, p. 365-395 (November, 1996).
  • “Public Offerings of State-Owned and Privately-Owned Enterprises: An International
    Comparison,” (with K. Dewenter), Journal of Finance, Vol. 52, p. 1659-1679
    (September, 1997).
  • “State-Owned and Privately-Owned Firms: An Empirical Analysis of Profitability,
    Leverage, and Labor Intensity,” (with K. Dewenter), American Economic Review, Vol.
    91, p. 320-334 (March, 2001).
  • “Earnings Management: IPO Valuation and Subsequent Performance,” (with L.
    DuCharme and S. Sefcik), Journal of Accounting, Auditing and Finance, Vol. 16, p. 369-396 (Fall, 2001).

Other:

Professional Experience

  • 1997 – present Professor of Finance, University of Washington Norman J. Metcalfe Faculty Fellow
  • 2007 – present Visiting Professor, Singapore Management University.
  • 2006 (Fall) Chin Sophonpanich Foundation Professor of Finance, Chulalongkorn University.
  • 2005 (Fall) Shaw Foundation Visiting Professor of Finance, Nanyang
    Technological University.
  • 2003 (Fall) Visiting Professor of Finance, National Chengchi University.
  • 1981 – 1997 Associate Professor of Finance, University of Washington.
  • 1980 Acting Assistant Professor of Finance, University of Washington.
  • 1977 – 1980 Instructor of Economics, Colgate University. Co-Director of the Mathematical Economics program. Coordinator of the Economics tutoring program. Director of the Economics Honors Seminar.
  • 1976 Lecturer in Management (part-time), St. John Fisher’s College.

Credentials:

  • Ph.D., Graduate School of Management, University of Rochester.
    Major area: Applied Economics. Minor areas: Finance, Applied Statistics.
    Doctoral thesis: “Corporate Mergers” (1981). Dissertation Committee: John
    Long, Jr. (Chairman), Martin S. Geisel, Michael C. Jensen.
  • M.S., Graduate School of Management, University of Rochester.
  • 1973 B.A., University of California at Santa Barbara. Major: Economics.

Contact:

hmalat@u.washington.edu