Jennifer E. Bethel. Babson College Babson Park, MA (781) Fax (781) Professional Experience

Transcription

1 Jennifer E. Bethel Babson College Babson Park, MA (781) Fax (781) Professional Experience Professor, Babson College, Wellesley, MA Bill Casey Term Chair Associate Professor, Babson College, Wellesley, MA Economist/Chief Economist, Division of Corporation Finance, U.S. Securities and Exchange Commission, Washington, D.C Assistant Professor, Babson College, Wellesley, MA Assistant Professor, New York University, New York, NY Management Consultant, Temple, Barker & Sloane (currently Mercer Management Consulting), Lexington, MA Postdoctoral Fellow, Harvard Business School, Boston, MA Education 1990 Ph.D. Finance; University of California, Los Angeles 1987 M.A. Economics; University of California, Los Angeles 1982 B.B.A. Finance (Summa Cum Laude); University of Texas, Austin Publications and Working Papers The Effects of Ownership Structure on Corporate Restructuring, with J. Liebeskind, Strategic Management Journal, 1993, 14, The Impact of CEO, Top Management Team, and Board of Director Turnover on Corporate Restructuring, with V. Rindova, International Federation of Scholarly Associations of Management Proceedings 1994.

2 The Use of Heuristics in Capital Budgeting: The Case of Ranking Projects by IRR, with D. Asquith, Engineering Economist, 1995, 40 (3), Diversification and the Legal Organization of the Firm, with J. Liebeskind, Organization Science, 1998, 9 (1), Academy of Management Best Papers Proceedings Block Share Purchases and Corporate Performance, with J. Liebeskind and T. Opler, Journal of Finance, 1998, 53 (2), Nominated for Best Paper of 1998 in the Journal of Finance; Reprinted in The International Library of Critical Writings in Financial Economics, Series Editor - Richard Roll, Volume Editor - Michael J. Brennan. Edward Elgar Publishing Limited, Cheltonham, U.K., Express Lane or Tollbooth in the Desert? The SEC s Framework for Security Issuance, with E. Sirri, Journal of Applied Corporate Finance, 1998, 11 (1), The Impact of the Institutional and Regulatory Environment on Shareholder Voting with S. Gillan, Financial Management, 31 (4), Winter, 2002, (Previous version, Does Managerial Control of the Proxy Process Disenfranchise Shareholders ). Winner of the McGraw-Hill/Irwin Best Paper in Business Finance for the Financial Management Association 2000 Annual Meeting Corporate Voting s Dimpled Chad? The Broker Vote and Beyond, with S. Gillan, Corporate Governance Bulletin, Volume XXII (1), March-May 2004, Recent Changes in Disclosure Regulation: Description and Evidence Journal of Corporate Finance, 13, 2007, Policy Issues Raised by Structured Products, with A. Ferrell, Brookings-Nomura Papers on Financial Services, Yasuki Fuchita, Robert E. Litan, eds., Brookings Institution Press, 2007 (Translated into Japanese: Nomura Institute of Capital Markets Research). Managing the Costs of Issuing Common Equity: The Role of Registration Choice, with L. Krigman, Quarterly Journal of Finance and Accounting, 47 (4), 2009, 57-85; Reprinted in Banking and Capital Markets: New International Perspectives, Harold Black, Lloyd P. Blenman, and Edward Kane, eds., World Scientific Press The Market for Shareholder-Voting Rights Around Mergers and Acquisitions: Evidence from Institutional Daily Trading and Voting, with G. Hu and Q. Wang, Journal of Corporate Finance, 15, 2009, Reprinted by Financial Study Association Rotterdam (FSR) in their journal FSR Forum. (Received grant from Yale University s Millstein Center for Corporate Governance and Performance). Legal and Economic Issues in Litigation Arising from the Credit Crisis, with A. Ferrell and G. Hu, Brookings-Nomura Papers on Financial Services, Brookings 2

3 Institution Press, 2009 (Translated and published into Chinese: Comparative Studies, 39, December 2008, 54-96, China CITIC Press and Japanese: Nomura Institute of Capital Markets Research). The Importance of Financial Policy Makers Making Informed Decisions, with E. Sirri, Current Perspectives on Modern Equity Markets, CLS & Associates, 2010, The Contribution of Investment Bank and Investor Incentives to Boom-and-Bust Cycles, with L. Krigman, Under review at Financial Review. Relationship Investing, Corporate Change, and Shareholder Value, with S. Gillan. Market Fragility, Financial Guarantees, and Runs on Money Market Funds, with W. Johnson. Case Studies and Notes Technical Note: Accounting for the Purchase or Sale of Stock in a Subsidiary The Boston Beer Company (A), BAB026, 1997, Revised 2002 The Boston Beer Company (B), BAB027, 1997, Revised 2002 The Boston Beer Company, Teaching Note, BAB026 and BAB027, 2002 Selected Professional Activities and Service Member of American Finance Association; Financial Management Association; Western Finance Association. Work presented at Harvard Kennedy School (2009), Brookings-Tokyo Club-Wharton Conference on Securitzation after the 2008 Financial Crisis, Brookings Institution (2008), Harvard Law School (2008), Duff & Phelps Subprime Summit (2008), Federalist Society (2008), Financial Management Association Meetings (2008), CRA International (2008), Cornerstone Research (2008), Skadden, Arps, Slate, Meagher & Flom, LLP (2008), Corporate Control, Mergers and Acquisitions conference sponsored by Journal of Corporate Finance (2008), Midwest Finance Association Meetings (2008), Shareholders and Corporate Governance: Research Agenda and Conference at Oxford University (2007), Structured Products Association (2007), U.S. Securities & Exchange Commission - Training series for Office of Compliance and Inspection (2007), Boston Securities Analysis Society (2007), Bond Desk Group (2007), Boundaries of SEC Regulation Conference at Claremont McKenna College (2006), Brookings-Tokyo Club-Wharton Conference on New Financial Instruments and Institutions, Brookings Institution (2006), Western Finance Association Meetings (2002), University of Delaware (2001), Contemporary Corporate Governance Issues Conference at Dartmouth s Tuck School of Business (2000), Financial Management Association Meetings (2000), Council of Institutional Investors Annual Meeting (2000), New York University (2000), Rutgers University (2000), U.S. Securities & Exchange Commission (2000), Vanderbilt University conference on Financial Markets and the Corporation (1998), Boston College 3

4 (1995), Financial Management Association Meetings (1995), French Finance Association Meetings (1995), Strategic Management Society Meetings (1995), Academy of Management Conference (1994), Academy of Management Conference (1994), Strategic Management Society Meetings (1993), Restructuring Conference at The Wharton School, University of Pennsylvania (1992), Financial Management Association Meetings (1991), Symposium at the Academy of Management Conference (1991), Strategic Management Society Meetings (1989). Session Chair, Financial Management Association Meeting ( ); Program Committee, Financial Management Association Meeting ( , 2007, 2008). Served on Best Paper in Corporate Finance Review Committee for Financial Management Association Meeting (2003) and Best Paper in Investments Review Committee for Financial Management Association Meeting (2004). Selected Who s Who in Business Higher Education (2003). Recipient of Capital Markets Award, U.S. Securities and Exchange Commission (1998). Selected for Women in the History of the SEC by the U.S. Securities and Exchange Commission (2003). Member of Advisory Council for the Sarbanes-Oxley Act Task Force, sponsored by the American Health Lawyers Association. ( ). Ad Hoc Reviewer for the Journal of Finance, Financial Management Journal, Journal of Business, Journal of Corporate Finance, Journal of Financial Research, Academy of Management Journal, Academy of Management Review, Strategic Management Journal, Journal of Management, Organization Science, and National Science Foundation. Selected Consulting and Board Activities Arthur Andersen, L.L.P., U.S. Securities & Exchange Commission, AT&T, New England Business Systems, everpath, Inc., BondDesk Finance Division Chairperson ( ) Selected Babson College Service Faculty Program Director, Lucent Technologies Masters of Science in Management with a Concentration in Finance, Babson College ( ) Member of Babson College Board of Trustees Undergraduate School Committee ( ) Member of Babson College Board of Trustees Finance Committee ( ) 4

5 Member of Babson Faculty Research Fund ( ) Member of Advisory Committee on College Priorities ( ) Prior Testimony Last Four Years In the Matter of Employees Retirement System of Texas vs. Putnam LLC, et al., December 12, 2007 In the Matter of Ohio Tuition Trust vs. Putnam Mutual Funds In re: Mutual Funds Investment Litigation, MDL 1586, In the United States District Court for the District of Maryland Baltimore Division, Putnam Subtrack, In the Matter of Class Action vs. PricewaterhouseCoopers LLP and Ernst & Young, LLP In re: Metropolitan Securities Litigation, Case No. CV FV, In the United States District Court for the Eastern District of Washington at Spokane, In the Matter of the Securities and Exchange Commission vs. Brian N. Lines; Scott G.S. Lines; LOM (Holdings) LTD.; Lines Overseas Management LTD.; LOM Capital LTD.; LOM Securities (Bermuda) LTD.; LOM Securities (Cayman) LTD.; LOM Securities (Bahamas) LTD.; Anthony W. Wile; Wayne E. Wile; Robert J. Chapman; William Todd Peever; Phillip James Curtis; and Ryan G. Leeds, Case No: 07-CV (DLC United States District Court for the Southern District of New York, United States of America, Before the Securities and Exchange Commission, Administrative Proceeding, File No , In the Matter of Verint Systems Inc., Respondent, May In the Matter of Ebrahim Shanehchian, Anita Johnson, Donald Snyder and Joseph Stengel, individually and on behalf of all others similarly situated, vs. Macy s, Inc., et al., Civ. A. No. 1:07-cv (SAS) (TSH), In the United States District Court for the Southern District of Ohio Western Division,