ANDREW K. PREVOST

Department of Finance
338 Copeland Hall
OhioUniversity
Athens, OH45701 /
(740) 597-1945 (Tel)
(740) 593-9539 (Fax)

ACADEMIC EMPLOYMENT

OhioUniversity, College of Business (Department of Finance), Athens,Ohio

Leona Hughes Professor of Financial Economics (Professorship), September 2009 – present

Professor, September 2014 – present

Associate Professor (tenured), September 2006 – August 2014

Assistant Professor, August 2002 – August 2006

ConcordiaUniversity, JohnMolsonSchool of Business (Department of Finance), Montreal, Quebec, Canada

Assistant Professor, July 2000 – July 2002

Massey University, College of Business (Department of Finance, Banking and Property), New Zealand

Visiting Academic, July 2010 – November 2010

Visiting Research Fellow, August 2004

Senior Lecturer (tenured), October 1996 – July 2000

TEACHING EXPERIENCE

UNDERGRADUATE COURSES

Fixed Income Security Analysis: Ohio University

Financial Markets and Institutions: Ohio University

Investment Analysis: Ohio University, Massey University

Advanced Corporate Finance: Massey University

Theory of Finance: Concordia University

GRADUATE COURSES

Seminar in Financial Markets and Institutions (Master of Financial Economics): Ohio University

Seminar in Investments (Master of Financial Economics): Ohio University

Seminar in Investments (M.Sc.): Massey University

Seminar in Corporate Finance (M.Sc.): Concordia University, Massey University

Managerial Economics (MBA): Ohio University

Corporate Finance (MBA): Ohio University

ONLINE COURSES

Managerial Finance (MBA): Ohio University

EXECUTIVE EDUCATION

Seminar in Fixed Income Security Analysis (Executive Master of Financial Economics): Ohio University

Seminar in Investments (Executive Master of Financial Economics): Ohio University

Corporate Finance (Executive MBA): Massey University

RESEARCHINTERESTS

Corporate Finance, Fixed Income Securities, Executive Compensation, Corporate Governance

EDUCATION

WayneStateUniversity Major: EconomicsDecember, 1996Ph.D.

Supporting Field: Finance

MichiganStateUniversityEconomics 1989-1991M.A.

AlmaCollegeEconomics 1985-1989B.A.

DISSERTATION

“Two Essays on Large Shareholder Activism: A Theoretical Approach and an Empirical Approach” (Co-chairs: R.P. Rao and K. Cotter)

PUBLISHED AND FORTHCOMING ARTICLES

  1. “Controlling Shareholders, Board Structure, and Firm Performance: Evidence from India” (with M. Jameson and J. Puthenpurackal), Journal of Corporate Finance Vol. 27, August (2014), 1-20.
  • Lead article
  1. “Board Ties and the Cost of Corporate Debt” (with T. Chuluun and J. Puthenpurackal), forthcoming, Financial Management.
  • “TOP Session” paper, 2010 Financial Management Association Annual Meeting
  1. “The Effects of Relative Changes in CEO Equity Incentives on the Cost of Corporate Debt” (with E. Devos and R.P. Rao), Journal of Business Finance and Accounting Vol. 40, No. 3 & 4 (2013), 470-500.
  1. “Labor Unions as Shareholder Activists: Champions or Detractors?” (with R.P. Rao and M. Williams), The Financial Review Vol. 47, No. 2 (2012), 327-349.
  1. “Bondholder and Stockholder Reactions to Open Market Repurchase Agreements” (with T. Nishikawa and R. P. Rao), Journal of Financial Research Vol. 34, No. 3 (2011), 549-570.
  1. “The Determinants of More Frequent Disclosure: The Case of Issuing Monthly Sales Reports by Retail Firms” (with E. Devos, A. Spieler and Y. Tse), Advances in Quantitative Analysis of Finance and Accounting, Vol. 9 (2011), 1-32.
  1. “Are Interlocked Directors Effective Monitors?” (with E. Devos and J. Puthenpurackal), Financial Management, Vol. 38, No. 14 (2009), 861-887.
  1. “The Announcement Impact of Seasoned Equity Offerings on Bondholder Wealth” (with W. Elliott and R.P. Rao), Journal of Banking and Finance, Vol. 33, No. 8 (2009), 1472-1480.
  1. “Voluntary Listing Requirements and Corporate Performance: The Case of the Dey Report and Canadian Firms”(with C. Panasian and H. Bhabra),The Financial Review, Vol. 43, No. 1 (2008), 129-157.
  1. “Block Trade Price Asymmetry and Changes in Depth: Evidence from the Australian Stock Exchange” (with H. Anderson and S. Cooper),The Financial Review, Vol. 41, No. 3 (2006), 247-271.
  1. “Derivatives Use, Corporate Governance, and Legislative Change: An Empirical Analysis of New Zealand Listed Companies” (with A. Marsden), Journal of Business Finance and Accounting, Vol. 32, No. 1 & 2 (2005), 253-293.
  1. “Shareholder Intervention, Managerial Resistance, and Corporate Control: A Nash Equilibrium Approach” (with C. Mason and A. Gottesman), Quarterly Review of Economics and Finance, Vol. 43, No. 3 (2003), 466-482.
  2. Ranked in the Top 10 most requestedQREF articles, Year 2003
  1. “Contrarian Investing in a Small Capitalization Market: Evidence from New Zealand” (with Y.F. Chin and A. Gottesman), The Financial Review, Vol. 37, No. 3 (2002), 421-446.
  2. Abstracted in The Journal of Behavioral Finance, Vol. 4, No. 2 (2003), 109-111.
  1. “Determinants of Board Composition in New Zealand: A Simultaneous Equations Approach” (with R.P. Rao and M. Hossain), Journal of Empirical Finance, Vol. 9, No. 4 (2002) 373-397.
  1. “Dividend Imputation and Shareholder Wealth: The Case of New Zealand” (with R.P. Rao and J. Wagster), Journal of Business Finance and Accounting, Vol. 29, No. 7 & 8 (2002), 1079-1104.
  1. “Board Composition in New Zealand: An Agency Perspective” (with R.P. Rao and M. Hossain), Journal of Business Finance and Accounting,Vol. 29, No. 5 & 6 (2002), 731-760.
  1. “Corporate Governance in New Zealand: The Effect of the 1994 Companies Act On Board Composition andFirm Performance” (with M. Hossain and R.P. Rao), Pacific-Basin Finance Journal, Vol. 9, No. 2 (2001), 119-145.
  2. Ranked in the Top 10 most requestedPBFJarticles, Year 2001
  1. “Of What Value Are Shareholder Proposals Sponsored by Public Pension Funds?” (with R.P. Rao),Journal of Business, Vol. 73, No. 2 (2000), 177-204.
  2. Abstracted in TheCFA Digest, Vol. 30, No. 4 (2001), 25-27.
  1. “Derivatives Usage and Financial Risk Management in Large and Small Economies: A Comparative Analysis” (with L. Rose and G. Miller), Journal of Business Finance and Accounting, Vol. 27, No. 5 & 6 (2000), 733-759.

WORKING PAPERS

“Stock Return Synchronicity and the Market Response to Analyst Recommendation Revisions”, Co-authored with W. Hao and J. Wongchoti Revise and resubmit, Journal of Banking and Finance

“The Impact of Labor Union Strength on CEO Debt-like Compensation: Evidence and Effects”, Co-authored with T-H D. King and T. Nishikawa Accepted for presentation at the 2014 Financial Management Association Annual Meeting; Under review

“Does the Corporate Information Environment Improve when Labor Unions Become Shareholder Activists?”, Co-authored with B. Marshall and J. Wongchoti Presented at the 2013 Financial Management Association Annual Meeting

“Reporting Quality, SOX, and the Cost of Debt” SSRN Abstract ID 1083808, Co-authored with R.P. Rao and C. Skousen Presented at the 2009 Financial Management Association Annual Meeting

ARTICLES IN PROFESSIONAL JOURNALS

“Companies Act Scores Own Goal” (with A. Marsden), ISCR Competition and Regulation Times, Vol. 19 (2006), 12.

ACADEMIC HONORS AND AWARDS

College of Business Excellence in Intellectual Contribution Award (Ohio University, 2010)

Faculty Fellowship Award (Ohio University, 2010)

Graduate Finance Teacher of the Year (OhioUniversity, 2007)

Nomination for College of Business Senior’s Award (OhioUniversity, 2007)

Honorable Mention, Society of Alumni & Friends Faculty Award (OhioUniversity, 2005)

Faculty Research Development Program Research Grant (Concordia University, 2000-2002)

Mendelson Award for Dissertation Research (Wayne State University, 1996)

Certificate of Teaching Excellence (Wayne State University, 1993-1994)

CONFERENCE PRESENTATIONS

CRSP Forum (2010, co-author but non-presenter)

American Accounting Association Annual Meeting (2008-2009, co-author but non-presenter)

Financial Management Association Annual Meeting (1996-2013)

  • According to “An Analysis of the FMA Annual Meetings: Presentation Activity of Institutions and Individuals, 1996-2012” (Egginton, Van Ness and Van Ness, SSRN Paper No. 1537259), I am one of three individuals to have had at least one paper on the Program 17-out-of-17 years (Table V).

Financial Management Association European Conference (2003)

Northern Finance Association Conference (2001)

PACAP / FMA Finance Conference (1999)

New Zealand Finance Colloquium (1997)

Tenth Annual Australasian Finance and Banking Conference (1997)

INVITED PRESENTATIONS

University of Windsor (May, 2013)

University of Auckland (August, 2004; November, 2010)

University of Toledo (April, 2008; November 2012)

University of Akron (April, 2008)

University of Otago (June, 1999; August, 2004; July, 2009)

Massey University – Albany (August, 2004)

MasseyUniversity – Palmerston North (December, 2002; July, 2009)

University of New South Wales (May, 1997)

DISSERTATION COMMITTEE MEMBERSHIPS

W. Hao, “Market Responses to Analyst Recommendations: Does Stock Price Informativeness Matter?” (Massey University, 2013).

T. Nishikawa, “Do Stock Repurchases Expropriate Bondholder Wealth?” (TexasTechUniversity, 2003)

M. Hossain, “The Investment Opportunity Set and Corporate Ownership, Directorship, Auditing and Disclosure Policies: New Zealand Evidence” (Massey University, 1998)

ACADEMIC SERVICE

Ad hoc reviewer for:Journal of Banking and Finance;Journal of Accounting Auditing and Finance;Journal of Empirical Finance; The Financial Review;Southern Economic Journal; Managerial Auditing Journal-Assurance, Management Performance and Governance; Review of Derivatives Research;Journal of Applied Finance;Journal of Economics and Business;Journal of Business Finance and Accounting; Corporate Governance: An International Review;Journal of Applied Economics;International Journal of Managerial Finance;Journal of Asian Business Studies;Journal of Multinational Financial Management;Financial Services Review; Pacific Accounting Review

Conference Program Committees: Financial Management Association (2013, 2014)

Ph.D. Thesis external examiner (Massey University, 2004)

TENURE REVIEWS

University of Idaho (2009); University of Akron (2013); University of St. Thomas (2013)

SERVICE TO THE DEPARTMENT, COLLEGE, AND UNIVERSITY

OhioUniversity

Founding Faculty Advisor, Student Fixed Income Management Group (2006-present)

First Alternate Faculty Senator (2013-present)

Chair, College of Business Dean Evaluation Committee (2013-2014)

Chair, Finance Department Personnel Committee (2009, 2013)

Coordinator, Finance Department Seminar Series (2013-present)

Faculty Interview Panel, Copeland Honors Program (2012-2014)

Faculty Advisor, Financial Management Association Student Chapter (2002-2005)

Member, College of Business Ethics Committee (2014-present)

Member, Named Professorship Evaluation Committee (2009)

Member, Intellectual Contributions Committee (various years)

Member, Graduate CurriculumCommittee (various years)

Member, Placement Committee (various years)

Member, International Business Committee (various years)

Concordia University

Seminar Coordinator

Massey University

Seminar Coordinator

Personnel Committee

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