Timothy R. Burch

Associate Professor of Finance
University of Miami

P.O. Box 248094
514 Jenkins Building
Coral Gables, FL 33124-6552
phone: 305-284-1509, fax: 305-284-4800
E-mail:tburch@miami.edu


Eighth Behavioral Finance Conference at the University of Miami (sponsored by The Review of Financial Studies) , December 16-17, 2017

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EXPERIENCE
University of Miami, Associate Professor, 2004 - present, Miami, FL
     Director, MS in Finance program, 2014-2019
University of Miami, Assistant Professor, 1997 - 2004, Miami, FL
Board of Trustees, Ashport Mutual Funds, 2004-2008, Miami, FL
Actuarial Analyst (pensions), Alexander & Alexander Consulting Group, 1990-1992, Atlanta, GA
     Duties included actuarial valuations, FASB calculations, discrimination testing, IRS and PBGC filings, and plan design impact studies.
     Passed actuarial exams on calculus and linear algebra, probability and statistics, numerical methods, and applied statistical methods.


EDUCATION
Ph.D. in Finance, University of Michigan,1997
B.S.B.A. in Finance with Honors, University of Florida 1989
Certificate in Actuarial Science, University of Florida, 1989

SELECTED PUBLICATIONS
Locking out rival Bidders: The use of lockup options in corporate mergers, Journal of Financial Economics, Vol 60 (April 2001), pp. 103-141.
    Abstracted in The CFA Digest, Vol. 31, No. 4 (November, 2001), pp. 39-41.
Divisional diversity and the conglomerate discount: The evidence from spin-offs (with Vikram Nanda), Journal of Financial Economics Vol 70 (October 2003), pp. 69-98.
What can "Nine-eleven" tell us about closed-end fund discounts and investor sentiment? (with Douglas R. Emery and Michael E. Fuerst), The Financial Review Vol 38 (2003), pp. 515-529.
What's in a name? Hotellings's valuation principle and business school namings (with Vikram Nanda), Journal of Business Vol. 78 (July 2005), pp. 1111-1135. Lead Article.
Do firms time equity offerings? Evidence from the 1930s and 1940s (with Bill Christie & Vik Nanda), Financial Management Vol 33 (Spring 2004) pp. 5-23. Lead Article.
Is acquiring-firm shareholder approval in stock-for-stock mergers perfunctory? (with Angela Morgan and Jack Wolf), Financial Management Vol 33 (Winter 2004) pp. 45-69.
Does it pay to be loyal? An empirical analysis of underwriting relationships and fees (with Vikram Nanda and Vincent Warther), Journal of Financial Economics Vol 77 (September 2005), pp. 673-699.
Do institutions prefer high value acquirers? An analysis of trading in stock-financed mergers (with Vikram Nanda and Sabatino Silveri), Journal of Financial Research Vol. 35 (Summer 2012), pp. 211-241.
Taking stock or cashing in? Shareholder style preferences, premiums and the method of payment (with Vikram Nanda and Sabatino Silveri), Journal of Empirical Finance Vol. 19 (September 2012), pp. 558-582.
Analyst coverage, information, and bubbles (with Sandro Andrade and Jiangze Bian), Journal of Financial and Quantitative Analysis Vol. 48:5 (October 2013), pp. 1573-1605.
    Winner of 2014 Sun Yefang Financial Innovation Award as one of the best Chinese financial market papers during the 2009-2014 period.
A practical anti-bubble prescription (An edited opinion column, with Sandro Andrade and Jiangze Bian), The Economists' Voice Vol. 9(1), 2013.
Who moves markets in a sudden market-wide crisis? Evidence from nine-eleven (with Douglas R. Emery and Michael E. Fuerst) (formerly titled "Crisis and recovery in the wake of super-salient news: Who moves markets?") Journal of Financial and Quantitative Analysis Vol. 51 (April 2016) pp. 463-487.
Semi-parametric learning of structural temporal point processes (with Gangang Xu, Ming Wang, Jiangze Bian, Hui Huang, Sandro Andrade, Jingfei Zhang, and Yongtao Guan), forthcoming in Journal of Machine Learning Research.

SELECTED WORKING PAPERS
Dressing for Style in the Mutual Fund Industry (with Ryan Bubley)
Pump it Up? Tweeting to Manage Investor Attention to Earnings News (with Vineet Bhagwat)
What's the inside word? Director-affiliated stocks in mutual funds (with Lei Wedge)
Earnings news and institutional trading 02/2003 version (with Bhaskaran Swaminathan). This is a revised and retitled version of "Are institutions momentum traders?"
Industry structure and value-motivated conglomeration (with Vikram Nanda and M.P. Narayanan)
Is the bright line between agency and corporate debt dim? (with Andrea Heuson)

HONORS AND AWARDS
University of Miami
      School of Business Excellence in Research Award (2004)
      School of Business Excellence in Research Award (2003)
      School of Business Summer Research Award, 1999, 2000, 2001, 2003, 2006, 2008, 2009
      James W. McLamore Summer Research Award in Business and the Social Sciences, 1998, 2002
University of Michigan
       Allan Gilmour Fellowship, 1996
       Dykstra Fellowship, 1995-1996
       J. Ira Harris Fellowship, 1992-1994
University of Florida
       Larson Memorial Scholarship, 1988
       R.L. Rose Scholarship, 1987
       Other: Beta Gamma Sigma, Mortar Board, Omicron Delta Kappa (president), Outstanding Male Graduate Nominee    

PROFESSIONAL ACTIVITIES
Refereeing activities include: Journal of Finance, Review of Financial Studies, Journal of Business, Review of Economics and Statistics, Financial Management,Journal of Corporate Finance
Member of American Finance Association, Western Finance Association, Financial Management Association, Society for Financial Studies, American Economic Association

TEACHING
Financial Investment (MBA, FIN 650), University of Miami (2004 - present)
The Financial Environment (MBA, Executive MBA, FIN 642), University of Miami (2004 - present)
Investment Analysis (MBA, FIN 620), University of Miami (2001 - present)
Fundamentals of Finance (MBA, FIN 602), University of Miami (1998-2001)
Fundamentals of Finance (Executive MBA, FIN 602), University of Miami (2000)
Fundamentals of Finance (Undergraduate, FIN 302), University of Miami (1999-2000)
Financial Management (Undergraduate, FIN 300), University of Michigan (1994)
Executive Education: University of Michigan (1995-1996), evening session lecturer for CitiBank classes
William Davidson Institute, Business Concepts Training, University of Michigan (1994) (Finance session for fellows training for on-site internships in China, Czech Republic, Slovakia, Hungary, Poland and Russia)

COMMUNITY SERVICE
Active member of Rotary Club of Key Biscayne (President, 2009-2010 Rotary year)