Tunde Kovacs, Ph.D. ACADEMIC EXPERIENCE

Transcription

1 Tunde Kovacs, Ph.D. Assistant Professor of Finance Office: Falmouth 301D Manning School of Business Phone: (978) University of Massachusetts Lowell Fax: (978) University Avenue tunde_kovacs at uml.edu Lowell, MA ACADEMIC EXPERIENCE Assistant Professor, University of Massachusetts Lowell, 2013 present Riesman Research Assistant Professor, Northeastern University, Assistant Professor, Northeastern University, August Visiting Assistant Professor, Virginia Tech, Spring 2009 EDUCATION Ph.D. Finance, May 2006 M.B.A. Finance, 1999 Certificate of Graduate Business Studies in German, 1998 B.S. Business Administration, 1997 Pamplin College of Business, Virginia Tech Corvinus University, Budapest, Hungary University of Passau, Germany and Corvinus University, Hungary Corvinus University, Budapest, Hungary RESEARCH INTERESTS Information assimilation and financial markets, Market efficiency, Security issues, Security analysts, Corporate governance, Short selling PUBLICATIONS Do better connected CEOs innovate more? with Olubunmi Faleye and Anand Venkateswaran, Journal of Financial and Quantitative Analysis, forthcoming The investment value of the frequency of analyst recommendation changes for the ordinary investor with Jeffrey Hobbs and Vivek Sharma, Journal of Empirical Finance 19, 2012 January, p "Accelerated equity offers and firm quality" with Don M. Autore and Irena Hutton European Financial Management 17, 2011 September, p The 2008 short sale ban: Liquidity, dispersion of opinion, and the cross-section of returns of US financial stocks with Don M. Autore and Randall S. Billingsley Journal of Banking and Finance 35, 2011 September, p Equity issues and temporal variation in information asymmetry with Don M. Autore Journal of Banking and Finance 34, 2010 January, p Do analyst recommendations reflect shareholder rights? with Don M. Autore and Vivek Sharma Journal of Banking and Finance 33, 2009 February, p

2 WORKING PAPERS Intra-industry information transfers and the post-earnings drift (second round at the Contemporary Accounting Research) Investor recognition and seasoned equity issuers with Don M. Autore (second round at the Journal of Corporate Finance; Outstanding Corporate Finance Paper, 2012 Eastern Finance Association Meeting) Shareholder rights and the costs of seasoned equity offerings, with Don M. Autore, Jeffrey Hobbs, and Vivek Singh (second round at the Review of Quantitative Finance and Accounting) Are analyst recommendations influenced by idiosyncratic skewness?, with Don M. Autore and R. Jared Delisle WORK IN PROGRESS Social media and information transmission in stock markets with Pegaret Pichler Diversification: An investments approach with Huseyin Gulen TEACHING EXPERIENCE University of Massachusetts Lowell Investments (undergraduate); 2013; 2 sections Northeastern University Investments Analysis (graduate); ; 4 sections Mean effectiveness: 4.55/5 Advanced Topics: Venture Capital Financing (graduate); Summer 2010; 1 section Mean effectiveness: 4.5/5 Investments (undergraduate); ; 17 sections Mean effectiveness: 4.3/5 International Financial Management (undergraduate); Fall 2008; 2 sections Mean effectiveness: 4.4/5 Virginia Tech Venture Capital and Investment Banking (undergraduate); Spring 2009; 2 sections Mean evaluation: 4.73/5 International Financial Management (undergraduate); ; 4 sections Mean evaluation: 4.44/5 Investment Analysis and Equity Markets (undergraduate); Fall 2005; 1 section Mean evaluation: 4.3/5 Corporate Finance (undergraduate); Spring 2006; 2 sections Mean evaluation: 3.79/5 Nominee, Excellence in Teaching Award, university-wide, Northeastern University,

3 The arts and crafts of discussion leadership, workshop participant, Harvard Business School, October 2007 Case teaching workshop with Jim Erskine, participant, Northeastern University, CBA, April 2011 HONORS AND AWARDS Nominee, Excellence in Teaching Award, university-wide, Northeastern University, 2012 Outstanding Corporate Finance paper, Investor recognition and seasoned equity issuers, Eastern Finance Association, 2012 Riesman Research Professor, Northeastern University Summer Research Professor, CBA Strategic Initiative, Northeastern University, 2011 Technical Associates Award for Outstanding PhD Student, 2005 & 2003 Scholarship to the University of Passau, Germany, Oct March 1999 PRESENTATIONS CONFERENCE PRESENTATIONS Eastern Finance Association Annual Meeting 2013, St. Petersburg, FL., Autore, D.M., Delisle, J., and Kovacs, T., Are analyst recommendations influenced by idiosyncratic skewness? Financial Management Association Annual Meeting 2012, Atlanta, GA. Faleye, O., Kovacs, T., and Venkateswaran, A., Do better connected CEOs innovate more? Eastern Finance Association Annual Meeting 2012, Boston, MA. Autore, D.M., Kovacs, T., Investor recognition and seasoned equity issuers (Outstanding Corporate Finance Paper) European Financial Management Association Annual Meeting 2011, Braga, Portugal. Autore, D.M., Kovacs, T., The investor recognition and seasoned equity issuers European Financial Management Association Annual Meeting 2010, Aarhus, Denmark. Autore, D.M., Hutton, I., and Kovacs, T., Accelerated equity offers and firm quality Financial Management Association Annual Meeting 2010, New York City, NY. Hobbs, J., Kovacs, T., and Sharma, V., The investment value of the frequency of analyst recommendation changes for the ordinary investor * Boston Area Financial Symposium 2010, Autore, D.M., Hutton, I., and Kovacs, T., Accelerated equity offers and firm quality Financial Management Association Annual Meeting 2009, Reno, NV. Autore, D.M., Billingsley, R.S., and Kovacs, T., Short sale constraints, dispersion of opinion, and market quality: Evidence from the short sale ban on U.S. financial stocks * Eastern Finance Association Annual Meeting 2009, Washington, D.C. Autore, D. M., Hobbs, J., Kovacs, T., & Sharma, V., Do shareholder rights influence the direct costs of issuing seasoned equity? * Midwestern Finance Association Annual Meeting, 2009, Chicago, IL. Autore, D. M., Kovacs, T., & Sharma, V., Do analyst recommendations reflect shareholder rights? * Financial Management Association European Meeting 2008, Prague, Czech Republic. Kovacs, T., Intra-industry information transfers and the post-earnings Financial Management Association Annual Meeting 2008, Dallas, TX. Autore, D.M., Hutton, I., and Kovacs, T., Accelerated equity offers and firm quality 3

4 Northeastern University Research & Scholarship EXPO 2008, Autore, D.M., Hutton, I., and Kovacs, T., Accelerated equity offers and firm quality (Poster exhibit) Southern Finance Association Annual Meeting 2007, Autore, D. M., Kovacs, T., and Sharma, V., Do analyst recommendations reflect shareholder rights? * Financial Management Association Annual Meeting 2007, Orlando, FL. Autore, D.M., Kovacs, T., and Sharma, V., Do analyst recommendations reflect shareholder rights? * Southern Finance Association Annual Meeting 2006, Autore, D.M., Kovacs, T., Equity issues and temporal variation in information asymmetry Financial Management Association Annual Meeting 2006, Salt Lake City, UT. Kovacs, T., Intra-industry information transfers and the post-earnings Doctoral Consortium, Financial Management Association Annual Meeting, 2005, Chicago IL. Kovacs, T., Intra-industry information transfers and the post-earnings Financial Management Association Annual Meeting 2004, New Orleans, LA. Autore, D.M., Kovacs, T., Equity issues and temporal variation in information asymmetry INVITED PRESENTATIONS University of Massachusetts Lowell, Autore, D.M., Kovacs, T., Investor recognition and seasoned equity issuers Bentley University, Faleye, O., Kovacs, T., and Venkateswaran, A., Do better connected CEOs innovate more? Washington State University, Autore, D.M., Delisle, J., and Kovacs, T., Are analyst recommendations influenced by idiosyncratic skewness? * Florida State University, Autore, D. M., Kovacs, T., The investor recognition of seasoned equity issuers * Northeastern University Finance Seminar Series, Faleye, O., Kovacs, T., and Venkateswaran, A., Do better connected CEOs innovate more? Northeastern University, Finance Seminar Series, Autore, D.M., Hutton, I., and Kovacs, T., Accelerated equity offers and firm quality Virginia Tech, Autore, D.M., Hutton, I., and Kovacs, T., Accelerated equity offers and firm quality Bowling Green State University, 2005, Kovacs, T., Intra-industry information transfers and the post-earnings California State University Fullerton, 2005, Kovacs, T., Intra-industry information transfers and the post-earnings Florida State University, 2005, Kovacs, T., Intra-industry information transfers and the postearnings Northeastern University, 2005, Kovacs, T., Intra-industry information transfers and the postearnings University of Texas San Antonio, 2005, Kovacs, T., Intra-industry information transfers and the post-earnings University of South Florida, 2005, Kovacs, T., Intra-industry information transfers and the postearnings Virginia Tech, 2005, Kovacs, T., Intra-industry information transfers and the post-earnings 4

5 DOCTORAL CONSORTIUM Participant, Doctoral Consortium, FMA 2005 PROFESSIONAL SERVICE Ad-hoc referee Asia Pacific Management Review Economics Letters Financial Review Journal of Banking and Finance Journal of Corporate Finance Journal of Futures Markets Journal of Economics and Business Managerial Finance Pacific Basin Finance Journal Quarterly Review of Economics and Finance Program Committee member 2007 FMA Annual Meeting, Orlando, FL Academic Discussions Financial Management Association Annual Meeting, 2012, Atlanta, GA Eastern Finance Association Annual Meeting, 2012, Boston, MA European Financial Management Association Annual Meeting, 2011, Braga, Portugal Financial Management Association Annual Meeting 2010, New York City, NY European Financial Management Association Annual Meeting, 2010 Aarhus, Denmark Financial Management Association European Meeting 2008, Prague, Czech Republic Financial Management Association Annual Meeting 2007, Orlando, FL (3 papers) Southern Finance Association Annual Meeting 2006, Destin, FL (2 papers) Financial Management Association Annual Meeting 2006, Salt Lake City, UT Financial Management Association Annual Meeting 2005, Chicago IL MEDIA PRESENCE Quoted on Bloomberg.com and interviewed on Bloomberg TV on Visa s IPO, March 19, 2008 Stocking up on Facebook? Interview, Northeastern University website, May 23, 2012 BUSINESS EXPERIENCE Consultant, Investment and Trade Development Agency Hungary, Budapest, Hungary, Trainee, OTP Securities Ltd., Budapest, Hungary, 1998 PROFESSIONAL MEMBERSHIPS American Finance Association Financial Management Association Eastern Finance Association European Financial Management Association 5