Aron Gottesman's Website - Lubin School of Business

Aron Gottesman

Lubin School of Business

Pace University

PAPERS UNDER REVIEW, WORKING PAPERS, AND PAPERS IN PROGRESS

· “Corporate Governance Ratings in Emerging Markets,” (with M. Morey, E. Baker, and B. Godridge).

· “Does a better education make for better managers? An empirical examination of CEO educational quality and firm performance” (with M. Morey). (Cited in the Wall Street Journal, Business Week Online, the Daily Pennsylvanian, Business Week Magazine, and the New York Times).

· “The Impact of Joint Participation on Liquidity in Equity and Syndicated Bank Loan Markets” (with L. Allen and L. Peng).

· “Joint Informational Effects of Capital Expenditure Announcements, Insider Trading, and Ownership” (with Y.S. Kim and J. Nam).

· “Corporate Loan Spreads, Market Power, and the Default-Free Rate.”

ACADEMIC ARTICLES

· “Mean-Variance Theory and the Bid-Ask Spread” (with G. Jacoby and K. Smimou), in C.F. Lee, ed., Advances in Investment Analysis and Portfolio Management, forthcoming.

· “Predicting Emerging Market Mutual Fund Performance” (with M. Morey), Journal of Investing 16 3, Fall 2007, pp. 111-122. (Cited in Financial Planning).

· “Loan Rates and Collateral” (with G.S. Roberts), Financial Review 42, 2007, pp. 401-427.

· “The Informational Efficiency of the Equity Market as Compared to the Syndicated Bank Loan Market” (with L. Allen), Journal of Financial Services Research 30 1, August 2006, pp. 5-42.

· “Morningstar Mutual Fund Ratings Redux” (with M. Morey), Journal of Investment Consulting 9 1, Summer 2006. (Cited in the New York Times, Morningstar.nl, Het Financieele Dagblad, Ignites.com, Kiplinger.com, Börsen-Zeitung, STLtoday.com, Investment News).

· “Manager Education and Mutual Fund Performance” (with M. Morey), Journal of Empirical Finance 13 2, 2006, pp. 145-182. (Cited in Forbes Magazine, the Wall Street Journal, Better Investing, and the New York Times).

· “An Investigation of the Mid-Loan Relationship Between Bank Lenders and Borrowers” (with G.S. Roberts), in A.H. Chen, ed., Research in Finance 22 (Greenwich, CT: JAI Press, 2006).

· “Loan Contract Terms,” in C.F. Lee and A.C. Lee, eds., The Encyclopedia of Finance (Springer, 2006).

· “Payout Policy, Taxes, and the Relation Between Returns and the Bid-Ask Spread” (with G. Jacoby), Journal of Banking and Finance 30, 2006, pp. 37-58.

· “The Flow of Capital to Latin America During the Period 1973-2000” (with L. Ramrattan and M. Szenberg), in Arbelaez, H., Click, R.W., and Choi, J.J., eds., International Finance Review, Latin American Financial Markets: Developments in Financial Innovations, (Amsterdam: Elsevier, 2005).

· “The Strategic Use of Convertible Debt in ‘Deep Pocket’ Predatory Games,” The American Economist Vol. 48 (1), 2004, pp. 50-60.

· “Maturity and Corporate Loan Pricing” (with G.S. Roberts), Financial Review Vol. 38 (4), 2004, pp. 55-77.

· “Shareholder Intervention, Managerial Resistance, and Corporate Control: A Nash Equilibrium Approach” (with C.F. Mason and A.K. Prevost), Quarterly Review of Economics and Finance, Vol. 43 (3), 2003, pp. 466-482.

· “Contrarian Investing in a Small Cap Market: Evidence from New Zealand” (with J.Y.F. Chin and A.K. Prevost), Financial Review, Vol. 37, 2002, pp. 421-446.

· “The Capital Asset Pricing Model and the Liquidity Effect: A Theoretical Approach” (with G. Jacoby and D. J. Fowler), Journal of Financial Markets, Vol. 3 (1), 2000, pp. 69-81.

BOOKS

· Samuelsonian Economics and the Twenty-First Century, with a foreword by Kenneth Arrow, co-edited with M. Szenberg and L. Ramrattan (Oxford University Press, 2006).

· Paul A. Samuelson: On Being an Economist, with a foreword by Joseph Stiglitz, co-authored with M. Szenberg and L. Ramrattan (New York: Jorge Pinto Books, 2005). Translated into Spanish as Paul Samuelson: La Esencia de un Gran Economista, with a preface by Guillermo Ortiz.

· Insurance Logic, Co-authored with M.A. Milevsky. First edition (Toronto: Stoddart Publishing, 2002) Second Edition (Toronto: Captus Press, 2005). (Reviewed or cited in the Globe and Mail, March 19, 2002, National Post, July 7, 2002, MSN.ca, July 7, 2002, Toronto Star, May 11, 2002, CMA Management, May 2002, Assurances, 2002, and Manitoba Business, December 2004).

OTHER NOTABLE PUBLICATIONS

· Does the Quality of Mutual Fund Manager’s Education Matter? Strategic Innovators (India), October-December 2006.

· “Contrarian Investment Strategies: Application to India,” Strategic Innovators (India), January 2006.

· “Ten ways to know Paul A. Samuelson” (with M. Szenberg and L. Ramrattan), Economics of Education Review 25, 2006, pp. 7-11. This material also appears in Samuelsonian Economics and the Twenty-First Century.

· “Samuelson’s Economics: The Continuing Legacy” (with M. Szenberg and L. Ramrattan), Quarterly Journal of Austrian Economics Vol. 8 (2), Summer 2005, pp. 95-104. This material also appears in Paul A. Samuelson: On Being an Economist.

· “Paul A. Samuelson: Philosopher and Theorist” (with M. Szenberg and L. Ramrattan), International Journal of Social Economics Vol. 32 (4), 2005, pp. 325-338. This material also appears in Paul A. Samuelson: On Being an Economist.

· “Small is Beautiful” (with S.A. Boyko), The National Interest 77, Fall 2004 (Cited in the Article-Alert/Info-Alert of numerous U.S. embassies, including Singapore, Bangkok, Vietnam, and many others).

· “Entrepreneurial Exchange: An Inclusive Micro-Cap Market Solution for Small-to-Medium Enterprises” (with S.A. Boyko), Buyside Magazine, October 2003.

· “Bogus Car Insurance and Medical Mills” (with Moshe Milevsky), I.E. Money Magazine, July/August 2002. This material also appears in Insurance Logic.

ACADEMIC PRESENTATIONS

· The New York City Area Conference on Financial Intermediation, sponsored by The Federal Reserve Bank of New York and Salomon Center at New York University’s Leonard N. Stern School of Business, 2006.

· NASD’s Targeted Investor Protection (TIP) group (via telephone conference), 2006.

· Fifth Annual Banking Research Conference: Financial Sector Integrity and Emerging Risks in Banking, sponsored by the Federal Deposit Insurance Corporation and the Journal of Financial Services Research, 2005.

· First Probanker Symposium, Maastricht, Netherlands, 2005.

· Midwest Finance Association Meetings, 2003, 2005, 2006.

· Southern Finance Association Meetings, 2004, 2005, 2006

· Northeast Business and Economics Association Meetings, 2004.

· Eastern Finance Association Meetings, 2003, 2004, 2007.

· Financial Management Association Meetings, 2000, 2001, 2002, 2003.

· Multinational Finance Association Meetings, 2003.

· Northern Finance Association Meetings, 1998, 1999, 2001.

SELECTED PRESS CITATIONS

· Roseman, Ellen, “Why Auto Insurance is Mandatory,” Toronto Star, July 1, 2007.

· “Using Life Insurance to Your (Tax) Advantage,” Toronto Star, April 29, 2007.

· Black, Pamela, “Predicting Emerging Market Fund Performance,” Financial Planning, November 1, 2006.

· Anderson, Thomas M, What Do Morningstar’s Stars Really Tell Us?, Kiplinger.com, September 14, 2006.

· Ellin, Abby, Was Earning That Harvard M.B.A. Worth It? The New York Times, June 11, 2006.

· Lavelle, L., Is the MBA Overrated?, Business Week Magazine, March 20, 2006, 78-80.

· Gerdes, Lindsey, Heard On Campus: The Value of an MBA, Business Week Online, January 24, 2006.

· Hulbert, Mark, Positive Ratings for a Ratings Makeover, The New York Times, January 15, 2006.

· Colter, Gene, Bids & Offers, The Wall Street Journal, January 14, 2006.

· Colter, Gene, Bids & Offers, The Wall Street Journal, December 17, 2005.

· Serafin, Tatiana, Informer, Forbes Magazine, April 25, 2005.

· Carrick, Rob, Reading these insurance books a good policy, Globe and Mail, March 19, 2002.

· Chevreau, Jonathon, Don’t outlive your money: make your cash last as long as you do, National Post, July 7, 2002.

· Daw, James, Advice on buying insurance, Toronto Star, May 11, 2002.

Telephone: (212) 618-6525 | Office: W412 | E-mail: agottesman@pace.edu

Aron Gottesman, Lubin School of Business, Pace University, 1 Pace Plaza,
New York, NY, 10038