Bernadette A. Minton
Prof. Minton joined the finance group at The Ohio State University’s Fisher College of Business in 1994, after completing her MA and PhD at the University of Chicago, and is currently the Arthur E Shepard Endowed Professor in Insurance and the Academic Director of the Risk Institute. Prof. Minton’s research interests range from risk management to corporate governance and has been published in leading financial economics journals such as the Journal of Finance, Journal of Financial Economics, and Review of Financial Studies as well as the financial press. Her research on firms’ risk management practices is highly cited. In the area of corporate finance, Prof. Minton’s research has focused on CEO turnover, boards of directors, corporate investment, and leveraged loans.
Prof. Minton currently teaches Risk Management to Fisher graduate and undergraduate students and works closely with future finance thought leaders in her role as co-coordinator of PhD program in finance.
As Academic Director of the Risk Institute, Prof. Minton is responsible of overseeing and coordinating the Risk Institute's activities and leads the Institute’s Academic Research Committee and curriculum development, focusing on the Risk Institute Executive Education Risk Series, Morning Briefings, and the development of a one-year Specialized Masters in Risk.
Areas of Expertise
- Corporate Risk Management
- Corporate Governance
- Corporate Financing and Investment Decisions
- MA and PhD from the University of Chicago
- BA from Mount Holyoke College
Business Finance 4210 - Corporate Finance I
This course covers an analysis of more advanced capital budgeting problems through understanding the theories and applications of capital structure payout policy.
Business Finance 4212 - Corporate Finance II
This course covers theories and applications in corporate control, leasing, corporate governance and real options.
Business Finance 4290 - Risk Management I
This course covers theories and their implications as they relate to corporate risk management, basic hedging strategies, and the basics of value risk.
Business Finance 4292 / 7291 - Risk Management II
This course covers students applying theories of risk management, hedging strategies, and value at risk cases.
Publications in Refereed Journals
- "Appointments of Outsiders to Japanese Boards: Determinants and Implications for Managers,"
with Steven N. Kaplan, Journal of Financial Economics (1994)
- "An Empirical Examination of Basic Valuation Models for Plain Vanilla Interest Rates Swaps,"
Journal of Financial Economics (1997)
- "Why Firms Use Currency Derivatives,"
with Christopher Géczy and Catherine Schrand, Journal of Finance (1997)
- "Does Cash Flow Volatility Affect Firm Value: Its Impact on Discretionary Investment and the Costs of Debt and Equity Financing,"
with Catherine Schrand, Journal of Financial Economics (1999)
- "Interest-Rate Derivatives and Bank Lending,"
with Elijah Brewer, III and James T. Moser,Journal of Banking and Finance (2000)
- "The Role of Volatility in Valuation,"
with Catherine Schrand and Beverly Walther, Review of Accounting Studies (2002)
- "The Use of Multiple Risk Management Strategies: Evidence from the Natural Gas Industry,"
with Christopher Géczy and Catherine Schrand, Journal of Risk (2006)
- "Taking a View: Corporate Speculation and Governance,"
with Christopher Géczy andCatherine Schrand, Journal of Finance (2007)
- "How Much Do Banks Use Credit Derivatives to Hedge Loans?,"
with René M. Stulz and Rohan Williamson, Journal of Financial Services Research (2009)
- "The Many Facets of Exchange Rate Exposure,"
with Sohnke Bartram and Gregory Brown,Journal of Financial Economics (2010)
- "How Has CEO Turnover Changed?,"
with Steven N. Kaplan, International Review of Finance (2011)
- "Former CEO Directors: Lingering CEOs or Valuable Resources?,"
with Rüdiger Fahlenbrach and Carrie H. Pan, Review of Financial Studies (2011), 3486-3518
- "Financial Expertise of The Board, Risk Taking, and Performance: Evidence from Bank Holding Companies,"
with Jérôme A. Taillard and Rohan Williamson, Journal of Financial and Quantitative Analysis, forthcoming.
- “Syndicated Loan Spreads and the Composition of the Syndicate,”
with Jongha Lim and Michael Weisbach, Journal of Financial Economics (January 2014), Vol. 111 (Issue 1), 45-69