Faculty

Degrees

• PhD Finance 1997, University of Washington.

• BS 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

• FINC 450. Financial Management

• FINC 423. Options Markets

• FINC 551. Derivatives and Corporate Risk Management

• FINC 556. Investment Banking

Publications

Book Chapters

Todd, Steven. K. , "Structured Credit Products.", Companion to Financial Derivatives. Ed. , 2009.

Todd, Steven. K. , "Credit Derivatives.", Companion to Financial Derivatives. Ed. , 2009.

McManus, Brian. , Preston, D., Ray, A., & Todd, S. "CDO Performance.", Structured Products and Related Credit Derivatives. Ed. , 2008.

McManus, Brian. , Preston, D., Ray, A., & Todd, S. "CDO Equity.", Structured Products and Related Credit Derivatives. Ed. , 2008.

McManus, Brian. , Preston, D., Ray, A., & Todd, S. "CDOs by Asset Type.", Structured Products and Related Credit Derivatives. Ed. , 2008.

McManus, Brian. , Preston, D., Ray, A., & Todd, S. "Basics of CDOs.", Structured Products and Related Credit Derivatives. Ed. , 2008.

McManus, Brian. , Preston, D., Ray, A., & Todd, S. "Credit Derivatives and Synthetic CDOs.", Structured Products and Related Credit Derivatives. Ed. , 2008.

Presentation of Refereed Papers

McKnight, Phillip, and S. Todd. (2009). "Forecast bias and analyst independence." Midwest Finance Association, Chicago, Illinois.

Todd, Steven. (2007). "CDO Equity." CDO Summit, Dana Point, New York.

Todd, Steven. (2007). "ABS Market Developments & ABX." Risk Magazine Seminar, London, United Kingdom.

Todd, Steven. (2007). "ABS Market Developments & ABX." Risk Magazine Seminar, New York, New York.

McKnight, Phillip, and S. Todd. (2006). "Forecast bias and analyst independence." FMA Annual Meeting, Salt Lake City, Utah.

McKnight, Phillip, and S. Todd. (2006). "Forecast bias and analyst independence." European Financial Management Association, Annual Meeting, Stockholm, Sweden.

McKnight, Phillip, and S. Todd. (2006). "Forecast bias and analyst independence." Southern Finance Association Meetings, Destin, Florida.

McKnight, Phillip, and S. Todd. (2006). "Forecast bias and analyst independence." Midwest Finance Association, Minneapolis, Minnesota.

Todd, Steven. (2006). "CDOs and credit derivatives." European CDOs and Credit Derivatives, Amsterdam, Netherlands.

Kruse, Timothy, T. Nohel, and S. Todd. (2005). "The decision to repurchase debt." FMA Annual Meeting, Chicago, Illinois.

Nohel, Tom, and S. Todd. (2005). "Managerial incentives, endogeneity and firm value." European Financial Management Association, Annual Meeting, Leeds, United Kingdom.

Todd, Steven, T. Kruse, and T. Nohel. (2004). "The decision to repurchase debt." University of Michigan, Ann Arbor, Michigan.

Todd, Steven, and T. Nohel. (2004). "Managerial incentives, endogeneity and firm value." University of Michigan, Ann Arbor, Michigan.

Todd, Steven, T. Hou, and P. McKnight. (2004). "The determinants of momentum in the United Kingdom." European Financial Management Association, Annual Meeting, Basel, Switzerland.

Todd, Steven. (2003). "European momentum strategies and analyst herding." Washington University, St. Louis, Missouri.

Todd, Steven, and T. Nohel. (2003). "Compensation for managers with career concerns: the role of stock options in optimal contracts." Global Finance Conference, Frankfurt, Germany.

Todd, Steven. (2003). "Compensation for managers with career concerns: the role of stock options in optimal contracts." York University, Toronto, Canada.

Nohel, Tom, and S. Todd. (2002). "Compensation for managers with career concerns: the role of stock options in optimal contracts."Federal Reserve Bank of Chicago, Chicago, Illinois.

Todd, Steven. (2002). "Stock options and managerial incentives to invest." Financial Management Association European, Copenhagen, Denmark.

Todd, Steven. (2002). "Stock options and managerial incentives to invest." Financial Management Association Meetings, San Antonio, Texas.

Todd, Steven. (2002). "Stock options and managerial incentives to invest." Asia Pacific Finance Association Meeting, Tokyo, Japan.

Todd, Steven. (2002). "Stock options and managerial incentives to invest." European Financial Management Association Meetings,, London, United Kingdom.

Todd, Steven. (2002). "Stock options and managerial incentives to invest." Royal Economic Society meeting, Warwick, United Kingdom.

Nohel, Tom, and S. Todd. (2001). "Optimal compensation for risk-averse executives with career concerns." York University, Toronto, Canada.

Todd, Steven. (2001). "Optimal compensation for risk-averse executives with career concerns." European Financial Management Association Meetings,, Lugano, Switzerland.

Ferson, W, and S. Todd. (2000). "Performance evaluation with stochastic discount factors." Winter Finance Conference, Salt Lake City, Utah.

Nohel, Tom, and S. Todd. (2000). "Executive compensation, reputation, and risk-taking incentives." Financial Management Association, Seattle, Washington.

Todd, Steven. (2000). "Performance evaluation with stochastic discount factors." Midwest Finance Association, Chicago, Illinois.

Todd, Steven. (2000). "Executive compensation, managerial risk aversion, and the choice of risky projects." Financial Management Association-International, Edinburgh, United Kingdom.

Todd, Steven. (1999). "The effects securitization on consumer mortgage costs." Australasian Finance & Banking Conference, Sydney, Australia.

Refereed Articles

 McKnight, P. J. & Todd, S. K. "Analyst forecasts and the cross-section of European stock returns." Financial Markets, Institutions & Instruments (2006).

Nohel, Tom. & Todd, S. "Compensation for managers with career concerns: the role of stock options in optimal contracts." Journal of Corporate Finance, 11. (2005). 229-251.

Nohel, Tom. & Todd, S. "Stock options and managerial incentives to invest." Journal of Derivatives Accounting (2004).

Todd, Steven. , "The effects of securitization on consumer mortgage costs." Real Estate Economics (2000).