Michael S. Weisbach

Michael S. Weisbach is a Bates Testifying Expert and the Ralph W. Kurtz Chair in Finance at Ohio State University’s Fisher College of Business, as well as a Research Associate of the National Bureau of Economic Research. He has previously taught at the University of Illinois, the University of Chicago, the University of Rochester, and the University of Arizona. Professor Weisbach is a former editor of The Review of Financial Studies, one of the leading academic journals in finance, and has been an associate editor of five other academic journals. Professor Weisbach has broad-ranging research and teaching interests in finance and economics, with specialties in corporate finance, corporate governance, and private equity. His work has been cited over 21,000 times according to Google Scholar and has been downloaded from SSRN.com over 60,000 times.

Michael is a consultant and subject matter expert in these Practice Areas and Services:

Securities and Financial Services Litigation & Consulting
- Retail Securities
- Institutional Securities

Credentials

EXPERIENCE

Bates Group LLC, Testifying Expert, 2015 - Present
The Ohio State University, Professor and Ralph W. Kurtz Chair in Finance, 2008 - Present
University of Illinois, 2002 – 2008; Stanley C. and Joan J. Golder Distinguished Chair in Corporate Finance, 2003 – 2008; Professor of Law, 2007 – 2008; Academic Director, Stanley C. Golder Center for the Study of Private Equity, 2002-2008
University of Chicago, Visiting Professor, Graduate School of Business, 2006
University of Illinois, I.B.E. Distinguished Professor of Finance, 1999 - 2003
University of Arizona, 1994 – 1999; Professor, College of Business and Public Administration, 1998 – 1999; Associate Professor, College of Business and Public Administration, 1994 - 1998
William E. Simon Graduate School of Business Administration, University of Rochester, 1987 – 1994; Associate Professor, 1993 – 1994; Assistant Professor, 1987 - 1993

EDUCATION & PROFESSIONAL QUALIFICATIONS

Doctor of Philosophy (JD), Economics, Massachusetts Institute of Technology, In residence 1983-1987, Thesis: “The Role and Selection of Boards of Directors”
Bachelor of Science (BS), Mathematics, University High Honors, High Honors Phi Beta Kappa, University of Michigan

Research and Teaching Interests

Corporate Finance
Corporate Governance and Control
The Market for Private Equity

Referee for Professional Journals

American Economic Review, Financial Management, Industrial Relations, International Journal of Industrial Organization, Journal of Accounting and Economics, Journal of Business, Journal of Corporate Finance, Journal of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Journal of Financial Intermediation, Journal of Labor Economics, Journal of Law and Economics, Journal of Law, Economics & Organizations, Journal of Political Economy, Management Science, RAND Journal of Economics, Review of Economics and Statistics, Review of Financial Studies, Quarterly Journal of Economics.

Editorial Responsibilities

Editor, Review of Financial Studies, 2006-2013.
Associate Editor, Financial Management, 1999-present.
Associate Editor, Journal of Financial Economics, 2001-2008.
Associate Editor, Journal of Corporate Finance, 2001-present.
Associate Editor, Journal of Multinational Financial Management, 2003-present.
Associate Editor, Journal of Finance, 2004-2006.

HONORS & GRANTS

Board of Directors, American Finance Association, 2008-2012.
Research Affiliate, Swedish Institute for Financial Research, 2010-present.
Research Associate, National Bureau of Economic Research, 2000-present.
Distinguished Scholar Award, Center for Corporate Governance, Drexel University, 2014.
Brattle Group Prize, Best Paper in Corporate Finance in The Journal of Finance, first prize, 2009.
Brattle Group Prize, Best Paper in Corporate Finance in The Journal of Finance, distinguished paper, 2014.
Wharton-WRDS award at the 2011 Western Finance Association Meetings for Best Paper in Empirical Finance.
Wharton-WRDS Award for Best Paper on Corporate Finance at the Northern Finance Association, Niagara Falls, Ontario, October 2012.
Fama/DFA Prize for Best Paper in Capital Markets and Asset Pricing in Journal of Financial Economics, second prize, 2014.
Korea Investment & Securities Co., Ltd. Outstanding Paper Award at The 6th International Conference on Asia-Pacific Financial Markets, 2011.
Jensen Prize for Best Paper in Corporate Finance and Organizations in Journal of Financial Economics, second prize, 1999.
Research Award (2012) and Fellow of National Center for the Middle Market, Fisher College of Business.
National Science Foundation: Co-Principal Investigator (with Benjamin Hermalin) of a $200,000 grant entitled “Corporate Governance as an Endogenous Economic Institution”, 1997.
The Q Group: Co-Principal Investigator (with Michael J. Barclay and Neil Pearson) of a $10,000 grant entitled “A Closer Look at the Tax Advantage from Tax-Advantaged Mutual Funds”, 1994.
Editor, Special Review of Financial Studies issue on Corporate Governance, March 2010.
National Science Foundation Graduate Fellowship 1983-1986.
Phi Beta Kappa, 1983.

RESEARCH IN PROGRESS

“Understanding Corporate Governance Through Learning Models of Managerial Competence” (with Benjamin E. Hermalin).
“Management Risk and the Cost of Borrowing” (with Yihui Pan and Tracy Yue Wang).
“The Liquidity Cost of Private Equity Investments: Evidence from Secondary Market Transactions,” (with Taylor D. Nadauld, Berk A. Sensoy, and Keith Voorkink).
“Measuring Institutional Investors’ Skill from their Investments in Private Equity,” (with Daniel R. Cavagnaro, Berk A. Sensoy, and Yingdi Wang).

SERVICE

Departmental

Department of Finance Executive Committee, Ohio State University, 2008-present.
Department of Finance Executive Committee, University of Arizona, 1994-1999.
Graduate Programs Committee, University of Illinois, 1999-2001, 2002-2003.
Educational Policies Committee, University of Illinois, 2001-2002
Chair, Doctoral Program Review Committee, 2002-2003.
Finance Department Executive Committee, University of Illinois, 2001-2003.

Fisher College of Business, Ohio State University

Research Committee 2008-2012, Chair, 2010-present.
College Personnel Committee 2009-2015.
Committee to Evaluate Tenure Document 2010.
National Middle Market Center, Faculty Advisory Board 2012-present.

College of Business, University of Illinois

Faculty Advisory Committee of the MBA Program 1999-2002.
Research Committee, College of Commerce, UIUC. 2000-2002.
Chair, Committee to Review CIBER, Fall 2001.
MBA Ad hoc Curriculum Committee, 2002-2003.
Committee to Review Part-time MBA Program.
MBA Admissions Committee, 2002-2005.
College Executive Committee, 2003-2005, 2007-2008.
University-Wide Campus Research Board, 2003-2005.

College of Business and Public Administration, University of Arizona

College Committee to Evaluate Executive Programs, 1996-1997.
College Committee to Pick Economics Department Head, 1997-1998.
College Advisory Committee, 1997-1998.
Chair, College-Wide Research and Doctoral Studies Committee, 1994-1999.
University of Arizona Committee to Investigate Privatization, 1995.

Professional

Member, Program Committee, JFE Conference on Corporate Governance, Summer 2000.
AFA Program Committee Member, Numerous Times.
WFA Program Committee Member, Numerous Times.
AFA Nominating Committee, 2005.
Program Committee member for numerous conferences.

Conference Organizer

Founder and organizer in 1996 of the Arizona Finance Symposium
Organizer, Conference on ‘Bear Markets’, Champaign, IL, December 2002.
Organizer, Conference on ‘Private Equity and its Role in the Economy’, Chicago, IL April 2003, 2004, 2005, 2006, 2007.
Organizer, NBER Summer Institute Corporate Finance Meetings, August 2003.
Organizer, Joint RFS/NBER Conference on Corporate Governance, July 2007.
Organizer, Ohio State Corporate Finance Conference, May 2015.

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