Loyola University Chicago

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Faculty & Staff Details

Tom Nohel
Title: Associate Professor
Office #: 558
Phone: 312-915-7065
E-mail: tnohel@luc.edu

Personal Information

Degrees

  • Ph.D., Finance, University of Minnesota, 1992
  • M.S., Applied Math, Northwestern University, 1984
  • B.A., Applied Math, University of Wisconsin, 1982

Research Interests

  • Role of asymmetric information in corporate financial policy
  • Role of financial intermediaries in corporate financial policy
  • Corporate finance of financial intermediaries
  • Empirical corporate finance
  • Executive Compensation and incentives
  • Hedge Funds

Professional Associations
Member of American Finance Association, Financial Management Association

Professional Activities

Associate Editor: Multinational Financial Management

Referee for: Journal of Business, Journal of Corporate Finance, Journal of Banking and Finance, Financial Management, European Finance Review, Journal of Derivatives Accounting, Quarterly Journal of Business and Economics, Quarterly Review of Economics and Finance, Review of Quantitative Finance and Accounting, Journal of Applied Business Research, Multinational Finance Journal, Journal of Applied Finance

Awards

Received a grant in the amount of 10,000 pounds sterling (~$20,000) from INQUIRE-UK, based on my research project entitled "Side-by-side managemenr of mutual funds and hedge funds" (2006)

�Compensation for Managers with Career Concerns: The Role of Stock Options in Optimal Contracts� was awarded "best paper in corporate finance" at the Global Finance Conference (2003)

"Asymmetric Information, Dividend Reductions, and Contagion Effects in Bank Stock Returns"Awarded "Best Paper in Financial Institutions" at the 1996 annual meeting of the Midwest Finance Association

 

Courses Taught 

  • FINC 335 Investment Managment
  • FINC 337 Banking and Capital Markets
  • FINC 342 Advanced Corporate Finance
  • FINC 345 Advanced Investments
  • FINC 346 Options  
  • GSB 450 Financial Management
  • GSB 452 Investments
  • GSB 453 Advanced Corporate Finance
  • GSB 423 Options Markets
  • GSB 551 Derivatives and Risk Management
  • GSB 558 Valuing Start-ups and other ventures

Research Listings

REFEREED PUBLICATIONS
"Undoing the Powerful Anti-Takeover Force of Staggered Boards," Journal of Corporate Finance, June 14 pp. 274-288 2008, Co-Authors: Timothy Kruse and Re-Jin Guo
"Compensation for Managers with Career Concerns: The Role of Stock Options in Optimal Contracts," Journal of Corporate Finance, 11, pp.229-251 2005 , Co-Authors: Steven Todd
"Stock Options and Managerial Incentives to Invest," Journal of Derivatives Accounting, March 2004 2004 , Co-Authors: Steven Todd
PAPERS PRESENTED AT PROFESSIONAL MEETINGS
"Side-by-Side Management of Mutual Funds and Hedge Funds," Seminar at Singapore Management University, July 2008, Co-presenting: Lu Zheng and Jay Wang
"Side-by-Side Management of Mutual Funds and Hedge Funds," Western Finance Association, June 2008, Co-presenting: Lu Zheng and Jay Wang
"Side-by-Side Management of Mutual Funds and Hedge Funds," INQUIRE-UK/INQUIRE Europe Conference, April 2008, Co-presenting: Zhi Wang; Lu Zheng
"Undoing the Powerful Anti-Takeover Force of Staggered Boards," CELS Conference at NYU, November 2007, Co-presenting: Timothy Kruse and Re-Jin Guo
"Undoing the Powerful Anti-Takeover Force of Staggered Boards," Conference on Contractual Corporate Governance, June 2007, Co-presenting: Timothy Kruse and Re-Jin Guo
"Side-by-Side Management of Mutual Funds and Hedge Funds," Burridge Center Conference - Denver, November 2007, Co-presenting: Zhi Wang; Lu Zheng
"Side-by-Side Management of Mutual Funds and Hedge Funds," Midwest Finance Association, March 2007, Co-presenting: Zhi Wang; Lu Zheng
"Side-by-Side Management of Mutual Funds and Hedge Funds," Chinese Finance Association - Chengdu, July 2007, Co-presenting: Zhi Wang; Lu Zheng
"Side-by-Side Management of Mutual Funds and Hedge Funds," 15th Annual PBFEAM Conference - Vietnam, July 2007, Co-presenting: Zhi Wang; Lu Zheng
"Side-by-Side Management of Mutual Funds and Hedge Funds," Mini-Conference on Side-by-side mgmt at Loyola, March 2007, Co-presenting: Zhi Wang; Lu
"Side-by-Side Management of Mutual Funds and Hedge Funds," Seminar at De Paul University, May 2007, Co-presenting: Zhi Wang; Lu Zheng
"Side-by-Side Management of Mutual Funds and Hedge Funds," Seminar at Morningstar Corporation, June 2007, Co-presenting: Zhi Wang; Lu Zheng
"Side-by-Side Management of Mutual Funds and Hedge Funds," Seminar at University of Illinois Chicago, September 2007, Co-presenting: Zhi Wang; Lu Zheng
"Side-by-Side Management of Mutual Funds and Hedge Funds," ISB - Hyderabad seminar series, September 19, 2006, Co-presenting: Zhi Wang; Lu Zheng
"Side-by-Side Management of Mutual Funds and Hedge Funds," IFMR - Chennai seminar series, September 15, 2006, Co-presenting: Zhi Wang; Lu Zheng
"Side-by-Side Management of Mutual Funds and Hedge Funds," Journal of Financial Intermediation Conference - Shanghai, June 1 2006 , Co-presenting: Dr. Zhi Wang; Dr. Lu Zheng
"Undoing the Powerful Anti-Takeover Force of Staggered Boards," De Paul University seminar series, May 10 2006 , Co-presenting: Re-Jin Guo; Timothy Kruse
"Undoing The Powerful Anti-Takeover Force of Staggered Boards," Annual Meeting of the Midwest Finance Association, March 2006 , Co-presenting: Re-Jin Guo and Timothy Kruse
"An Overview of Debt Buybacks," FMA Annual Meeting, October 2005 , Co-presenting: Timothy Kruse and Steven Todd
"Managerial Incentives, Endogeneity, and Firm Value," University of Michigan, March 2004 , Co-presenting: Steven Todd
"An Overview of Debt Buybacks Using Tender Offers," University of Michigan, November 2004 , Co-presenting: Steven Todd and Timothy Kruse
"Compensation for Managers with Career Concerns: The Role of Stock Options in Optimal Contracts," Global Finance Conference in Frankfurt, June 2003 , Co-presenting: Steven Todd
"Stock Options and Managerial incentives to Invest," Research Seminar at University of Pittsburgh, April 2003 , Co-presenting: Steven Todd
"Stock Options and Managerial Incentives to Invest," Annual Conference of the Royal Economic Society, Warwick, England, 2002 , Co-presenting: Steven Todd
"Optimal Compensation for Risk-Averse Executives with Career Concerns," FED �Chicago (Research Dept.), May 2002 , Co-presenting: Steven Todd
CONTRIBUTIONS OR CHAPTERS IN BOOKS
"The Use of Derivatives by Hedge Funds," Bob Kolb and Jim Overdahl eds., Companion to Financial Derivatives, (In Press), 2009
"Corporate Boards and the Management of Specific Risks – Discussion," Bob Kolb eds., Corporate boards: Managers of Risk, Sources of Risk, (In Press), 2009
OTHER RESEARCH ACTIVITY
"The Endogenous Relationship of Executive Stock Options and Firm Value," Effective Executive, August 2007, Co-Authors: Steven Todd

Research in Progress

Title: Side-by-Side Management of Mutual Funds and Hedge Funds
Area of Research: Corporate Finance/Investments
Collaborators: Dr. Zhi Wang, University of Illinois Dr. Lu Zheng, University of California Irvine

Title: Undoing the Powerful Anti-Takeover Force of Staggered Boards
Area of Research: Corporate Finance/ Corporate Governance
Collaborators: Dr. Re-Jin Guo, University of Illinois at Chicago; Dr. Timothy Kruse, University of Arkansas