Faculty

Degrees

• PhD, Finance, University of Minnesota, 1992

• MS, Applied Math, Northwestern University, 1984

• BA, 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 & Community Affiliations

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

Courses Taught

• FINC 335. Investments

• FINC 337. Banking and Capital Markets

• FINC 342. Advanced Corporate Finance

• FINC 345. Advanced Investments

• FINC 346. Options

• FINC 450. Financial Management

• FINC 452. Investments

• FINC 453. Advanced Corporate Finance

• FINC 423. Options Markets

• FINC 551. Derivatives and Risk Management

• FINC 558. Valuing Start-ups and other ventures

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

Publications

Refereed Articles

Nohel, Tom. , Wang, Z., & Zheng, L. "Side by Side Management of Mutual Funds and Hedge Funds." Review of Financial Studies, The (2009).

Nohel, Tom. , Kruse, T., & Guo, R. "Undoing the Powerful Anti-Takeover Force of Staggered Boards." Journal of Corporate Finance(2008). 274-288.

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.

Book Chapters

Nohel, Tom. , "Corporate Boards and the Management of Specific Risks Discussion.", Corporate boards: Managers of Risk, Sources of Risk]. Ed. , 2009.

Nohel, Tom. , "The Use of Derivatives by Hedge Funds.", Companion to Financial Derivatives. Ed. , 2009.

Presentation of Refereed Papers

Nohel, Tom, L. Zheng, and J. Wang. (2008, July). "Side-by-Side Management of Mutual Funds and Hedge Funds." Seminar at Singapore Management University, Singapore, Singapore.

Nohel, Tom, Z. Wang, and L. Zheng. (2008, April). "Side-by-Side Management of Mutual Funds and Hedge Funds." INQUIRE-UK/INQUIRE Europe Conference, Zurich, Switzerland.

Nohel, Tom, Z. Wang, and L. Zheng. (2007, July). "Side-by-Side Management of Mutual Funds and Hedge Funds." 15th Annual PBFEAM Conference - Vietnam, Ho Chi Minh City, Viet Nam.

Nohel, Tom, Z. Wang, and L. Zheng. (2007, July). "Side-by-Side Management of Mutual Funds and Hedge Funds." Chinese Finance Association - Chengdu, Chengdu, China.

Nohel, Tom, Z. Wang, and L. Zheng. (2006). "Side-by-Side Management of Mutual Funds and Hedge Funds." Journal of Financial Intermediation Conference - Shanghai, Shanghai, China.

Nohel, Tom, Z. Wang, and L. Zheng. (2006, September). "Side-by-Side Management of Mutual Funds and Hedge Funds." IFMR - Chennai seminar series, Chennai, India.

Nohel, Tom, L. Zheng, and J. Wang. (2008, June). "Side-by-Side Management of Mutual Funds and Hedge Funds." Western Finance Association, Kona, Hawaii.

Nohel, Tom, Z. Wang, and L. Zheng. (2007). "Side-by-Side Management of Mutual Funds and Hedge Funds." Seminar at University of Illinois Chicago, Chicago, Illinois.

Nohel, Tom, Z. Wang, and L. Zheng. (2007). "Side-by-Side Management of Mutual Funds and Hedge Funds." Burridge Center Conference - Denver, Denver, Colorado.

Nohel, Tom, Z. Wang, and L. Zheng. (2007). "Side-by-Side Management of Mutual Funds and Hedge Funds." Seminar at De Paul University, Chicago, Illinois.

Nohel, Tom, T. Kruse, and R. Guo. (2007, October). "Undoing the Powerful Anti-Takeover Force of Staggered Boards." CELS Conference at NYU, New York, New York.

Nohel, Tom, Z. Wang, and L. Zheng. (2007, June). "Side-by-Side Management of Mutual Funds and Hedge Funds." Seminar at Morningstar Corporation, Chicago, Illinois.

Nohel, Tom, T. Kruse, and R. Guo. (2007, June). "Undoing the Powerful Anti-Takeover Force of Staggered Boards." Conference on Contractual Corporate Governance, Sheffield, Great Britain.

Nohel, Tom, Z. Wang, and L. Zheng. (2007, March). "Side-by-Side Management of Mutual Funds and Hedge Funds." Midwest Finance Association, Chicago, Illinois.

Nohel, Tom, R. Guo, and T. Kruse. (2006). "Undoing the Powerful Anti-Takeover Force of Staggered Boards." De Paul University seminar series, Chicago, Illinois.

Nohel, Tom, Z. Wang, and L. Zheng. (2006, September). "Side-by-Side Management of Mutual Funds and Hedge Funds." ISB - Hyderabad seminar series, Hyderabad, India.

Nohel, Tom, R. Guo, and T. Kruse. (2006, March). "Undoing The Powerful Anti-Takeover Force of Staggered Boards." Annual Meeting of the Midwest Finance Association, Chicago, Illinois.