
Bernadette Minton
Professor of Finance and Arthur E. Shepard Endowed Professorship in InsuranceChair, Department of Finance
Finance
Background
Professor Bernadette Minton is Chair of the Department of Finance and the Arthur E. Shepard Endowed Professor in Insurance at Fisher College of Business of The Ohio State University and serves as Interim Executive Director of The Risk Institute. Professor Minton holds a PhD in economics from the University of Chicago.
Prior to her appointment as department chair in 2016, Professor Minton served as the inaugural Academic Director of The Risk Institute from its inception in October 2013, as well as Interim Executive Director. During her tenure, she oversaw growth in The Risk Institute’s profile and corporate participation. She worked closely with the Institute’s advisory board in coordinating and leading The Risk Institute’s research, talent development and outreach activities.
Professor Minton’s research spans a variety of areas within corporate finance, with particular emphasis on risk management, corporate governance and financial institutions. Her research has been published and highly cited in top financial economics journals such as the Journal of Finance, Journal of Financial Economics and Review of Financial Studies, as well as the financial press.
As a leader in her area of scholarship, Professor Minton has been recognized for both her research and her teaching impact in the classroom. She is a recipient of the Pace Setters Faculty Research Award and Pace Setters Undergraduate teaching Award and is a Charles A. Dice Center for Research in Financial Economics Research Fellow. Professor Minton is a Managing Editor of the Quarterly Journal of Finance and an Associate Editor of the Journal of Financial Services Research.
During her time at Ohio State, Professor Minton has developed a number of successful courses in the Undergraduate program. She currently teaches risk management to Fisher undergraduate students and works with future finance thought leaders in the Department of Finance’s PhD program. Professor Minton also is actively involved in the college’s Fintech Initiative, leading the development of the undergraduate Fintech Immersion Program and Student Fintech Innovation Competition.
Areas of Expertise
Corporate Finance- Corporate Finance
- Corporate Governance
- Risk Management
- Derivatives
Education
- MA and PhD from the University of Chicago
- BA from Mount Holyoke College
Publications
- "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, (2014), Vol (2), 351-380. - “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 - Institutional Investments in Pure Play Stocks and Implications for Hedging Decisions with Catherine Schrand, Journal of Corporate Finance, forthcoming.
Courses
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BUSFIN 4239 - Risk Management
Extends the skills developed in Corporate Finance and Investments classes to the role of risk management within the firm. Increasingly, managers are required to understand the many risks facing their organizations, undertaking those risks which represent value-enhancing opportunities, while mitigating unwanted risks. Prereq: 4211 and 4221, and BusMHR 2291 or 2292. Not open to students with credit for or currently enrolled in 4219 or 4229.
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BUSFIN 4211 - Corporate Finance
Analysis of advanced capital budgeting problems through understanding the theories and applications of capital structure, leasing and real options. Theories and applications in corporate control, corporate governance and mergers and acquisitions. Prereq: 3220, AcctMIS 2200, 2300, BusOBA 2320, 2321, and BusMHR 2291 or 2292. Not open to students with credit for 4210 or 4212.