Loyola University Chicago

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Faculty & staff

Steven Todd
Title: Associate Professor
Office #: Maguire 556
Phone: 312-915-7218
E-mail: stodd@luc.edu


Personal Information

Degrees

  • Ph.D. Finance 1997, University of Washington.
  • B.S. Operations Research and Industrial Engineering, Cornell University

    Research Interests

  • Financial markets and institutions
  • Asset pricing
  • Executive compensation

    Courses Taught

    • FINC 332 Business Finance
    • FINC 335 Investments
    • FINC 345 Portfolio Management
    • FINC 346 Introduction to Options
    • FINC 355 International Financial Management
    • GSB 450 Financial Management
    • GSB 423 Options Markets
    • GSB 551 Derivatives and Corporate Risk Management
    • GSB 556 Investment Banking

    Research Listings


    REFEREED PUBLICATIONS
    "Analyst forecasts and the cross-section of European stock returns," Financial Markets, Institutions & Instruments, Forthcoming 2006 , Co-Authors: Phillip J. McKnight

    "Compensation for managers with career concerns: the role of stock options in optimal contracts," Journal of Corporate Finance, 11 2005 , Co-Authors: Tom Nohel

    "Stock options and managerial incentives to invest," Journal of Derivatives Accounting, Vol. 1, No. 1, 2004 , Co-Authors: Tom Nohel

    "Performance evaluation with stochastic discount factors," Journal of Business 75, 2002 , Co-Authors: Heber Farnsworth, Wayne Ferson, David Jackson

    "The effects of securitization on consumer mortgage costs," Real Estate Economics, December 2000


    PAPERS PRESENTED AT PROFESSIONAL MEETINGS
    "Managerial incentives, endogeneity and firm value," European FMA meeting, Leeds, U.K., 2005 , Co-presenting: Tom Nohel

    "The decision to repurchase debt," FMA annual meeting, Chicago, 2005 , Co-presenting: Timothy Kruse and Tom Nohel

    "The decision to repurchase debt," University of Michigan, Ann Arbor, 2004 , Co-presenting: Timothy Kruse, Tom Nohel

    "Managerial incentives, endogeneity and firm value," University of Michigan, Ann Arbor, 2004 , Co-presenting: Tom Nohel

    "The determinants of momentum in the United Kingdom," European FMA meeting, Basel, 2004 , Co-presenting: Tony Hou, Phillip McKnight

    "Compensation for managers with career concerns: the role of stock options in optimal contracts," York University, Toronto, 2003

    "Compensation for managers with career concerns: the role of stock options in optimal contracts," Global Finance Conference, Frankfurt, 2003 , Co-presenting: Tom Nohel

    "European momentum strategies and analyst herding," Washington University in St. Louis, 2003

    "Compensation for managers with career concerns: the role of stock options in optimal contracts," Federal Reserve Bank, Chicago, 2002 , Co-presenting: T. Nohel

    "Stock options and managerial incentives to invest," Financial Management Association meeting, San Antonio, 2002

    "Stock options and managerial incentives to invest," Asia Pacific Finance Association meeting, Tokyo, 2002

    "Stock options and managerial incentives to invest," European Financial Management Association meeting, London, 2002

    "Stock options and managerial incentives to invest," Financial Management Association European, Copenhagen, 2002

    "Stock options and managerial incentives to invest," Royal Economic Society meeting, Warwick, UK, 2002

    "Optimal compensation for risk-averse executives with career concerns," York University, Toronto, 2001 , Co-presenting: T. Nohel

    "Optimal compensation for risk-averse executives with career concerns," European Financial Management Association, Lugano, 2001

    "Executive compensation, reputation, and risk-taking incentives," Financial Management Association, Seattle, 2000 , Co-presenting: Tom Nohel

    "Performance evaluation with stochastic discount factors," Winter Finance Conference, Salt Lake City, 2000 , Co-presenting: W. Ferson

    "Executive compensation, managerial risk aversion, and the choice of risky projects," Financial Management Association-International, Edinburgh, 2000

    "Performance evaluation with stochastic discount factors," Midwest Finance Association, Chicago, 2000

    "The effects of securitization on consumer mortgage costs," Australasian Finance & Banking Conference, Sydney, 1999