Carl H. Lindner College of BusinessCarl H. Lindner College of BusinessUniversity of Cincinnati

Carl H. Lindner College of Business

Steve Slezak

Director, Carl H. Lindner III Center for Insurance and Risk Management, Associate Professor
Professional Summary
Steve Slezak
Dr. Slezak earned his PhD in Economics at UC San Diego. He has served at the University of Michigan and the University of North Carolina at Chapel Hill, prior to his joining the University of Cincinnati in 2002.
Contact Information
E-mail:
Office:
419 Carl H. Lindner Hall
Phone:
513-556-6531
Fax:
513-556-0979
Teaching Interest
  • Financial management, Managerial economics, Options and Futures, Risk Management, Portfolio Management, and Asset Pricing and Asymmetric Information (Ph.D.)
Research Interest
  • Insider Trading, Asset Pricing with Asymmetric Information, Incentives to Commit Fraud, and Corporate Governance.
History

Institution:
University of Cincinnati, Carl H. Lindner College of Business
Title:
Associate Professor


Institution:
University of Michigan, Ross School of Business
Title:
Visiting Professor of Finance
End Date:
2011-08-31


Institution:
University of Cincinnati, College of Business
Title:
Associate Professor
End Date:
2009-08-31


Institution:
University of Cincinnati, College of Business
Title:
Assistant Professor
End Date:
2003-08-31


Institution:
University of North Carolina, Chapel Hill, Kenan-Flagler Business School
Title:
Adjunct Assistant Professor
End Date:
2002-08-31


Institution:
University of North Carolina, Chapel Hill, Kenan-Flagler Business School
Title:
Assistant Professor
End Date:
2000-06-30


Institution:
University of Michigan Business School
Title:
Assistant Professor
End Date:
1995-08-31


Assignments

Description
Director, Carl H. Lindner III Center for Insurance and Risk Management
Dates:
2013-06-01



Description
Director of the Undergraduate Program in Insurance and Risk Management
Dates:
2013-06-01



Description
Undergraduate Program Director of Finance
Dates:
2012-08-15 - 2013-08-15



Description
Development and execution of graduate and undergraduate curriculum, faculty development, new faculty recruiting, student advising, support activities for the capital campaign, and member of the academic council for the College.
Dates:
2006-09-01 - 2009-08-01



Description
Academic Director of MBA Programs and Director of the Graduate Programs Office: Administered academic aspects of MBA Programs (full- and part-time) and managed professional staff serving MBA and MS programs.
Dates:
2004-10-01 - 2006-08-31



Awards | Honors

Organization:
Financial Management Association
Name:
Semi-finalist for best paper award
Year Received:
2010


Organization:
University of Cincinnti, College of Business
Name:
Harold J. Grilliot Award for Exemplary Service to Undergraduate Organizations
Year Received:
2009


Organization:
Taiwan Stock Exchange
Name:
Taiwan Stock Exchange BEst Paper Award
Year Received:
2009


Organization:
University of Cincinnati, College of Business
Name:
Michael L. Dean Excellence in Classroom Education and Learning EXCEL Graduate Teaching Award
Year Received:
2008


Organization:
Kenan-Flagler Business School, University of North Carolina, Chapel Hill
Name:
Weatherspoon Award for Excellence in MBA Teaching
Year Received:
2000


Education

Institution:
University of California, San Diego
Location:
San Diego, California
Major:
Economics
Dissertation:
A Theory of the Dynamics of Security Returns Around Market Closures
Completed:
1989
Degree:
Ph D


Institution:
University of California, San Diego
Location:
San Diego, California
Major:
Economics
Dissertation:
n/a
Completed:
1985
Degree:
MA


Institution:
University of California, San Diego
Location:
San Diego, California
Major:
Economics
Dissertation:
n/a
Completed:
1981
Degree:
BA


Published Contributions

Steve Slezak,  (2014). Advanced Investments. The Great Courses, The Teaching Company, .


Steve Slezak, Doina Chichernea,  ,  ,  (2013). Idiosyncratic Risk Premia and Momentum. Journal of Financial Research, 389-412.


Eliezer  Fich, Steve Slezak,  (2008). Can Corporate Governance Save Distressed Firms from Bankruptcy? An Empirical Analysis. Review of Quantitative Finance and Accounting, 225-251.


Eitan  Goldman, Steve Slezak,  (2006). An Equilibrium Model of Incentive Contracts in the Presence of Information Manipulation. Journal of Financial Economics , 603-626.


Steve Slezak,  (2003). On the Impossibility of Weak-Form Efficient Markets. Journal of Financial and Quantitative Analysis, .


Eitan  Goldman, Steve Slezak,  (2003). Delegated Portfolio Management and Rational Prolonged Mispricing . Journal of Finance, 283-311.


Naveen Khanna, Steve Slezak,  (2000). The Effect of Organizational Form on Information Flow and Decision Quality: Informational Cascades in Group Decision-Making . Journal of Economics and Management Strategy, 115-156.


Naveen  Khanna, Steve Slezak, Michael  Bradley,  (1994). Insider Trading, Outside Search and Resource Allocation: Why Firms and Society May Disagree on Insider Trading Restrictions . Review of Financial Studies, 575-608.


Steve Slezak,  (1994). A Theory of the Dynamics of Security Returns Around Market Closures. Journal of Finance , 1163-1212.



Accepted Contributions

Steve Slezak, Buhui Qui,  ,  ,  (Accepted). The Equilibrium Relationships between Equity-Based Compensation and the Commission and Detection of Fraudulent Misreporting. The Accounting Review .


Steve Slezak, Haimont Kassa, Doina Chichernea,  ,  (Accepted). Lottery Preferences and the Idiosyncratic Volatility Puzzle. European Financial Management.


Steve Slezak, Brian Kluger,  ,  (Accepted). Signal Jamming Models of Fraudulent Misreporting and Economic Prospects: An Experimental Investigation of Fraudulent Misreporting. Journal of Economic Behavior and Organization.




Research in progress

Title:
Are Incentive Contracts too short-sighted?


Status:
On-Going

Research Type:
Scholarly


Title:
Capital Gains Overhang and the Closed-End Fund Puzzle



Research Type:
Scholarly


Title:
Experimental Evidence on Signal-Jamming Models of Fraudulent Misreporting





Title:
Incentive Compensation, Fraud, and Amplified Downturns


Status:
On-Going

Research Type:
Scholarly


Title:
The Economic Significance and Arbitrage of Idiosyncratic Risk



Research Type:
Scholarly


Title:
The Strategic Interaction between Committing and Detecting Fraudulent Misreporting



Research Type:
Scholarly


Presentations

Title:
The Optimal Portfolio Weight fopr Real Estate with Liquidity Risk and Uncertainty Aversion
Organization:
AREUEA
Title:
The Strategic Interaction between Committing and Detecting Fraudulent Misreporting
Location:
Taiwan
Title:
Idiosyncratic Risk Premia and Momentum
Organization:
Financial Management Association
Title:
Fraudulent Misreporting and the Business Cycle: An Experimental Investigation
Organization:
University of Cincinnati
Location:
Cincinnati, Ohio
Year:
2017


Title:
Fraudulent Misreporting and the Business Cycle; An Experimental Investigation
Organization:
Interdisciplanary Center for Economic Sciences
Location:
George Mason University
Year:
2015


Title:
Lottery Preferences and the Time Series Variation of the Idiosyncratic Volatility Puzzle
Organization:
Midwest Finance Association
Year:
2014


Title:
The Inevitable Tension between Long-term and Short-term Managerial and Investor Incentives
Organization:
Financial Management Association Europe
Year:
2014


Title:
“Lottery Preferences and the Time Series Variation of the Idiosyncratic Volatility Puzzle”
Organization:
Southern Finance Association
Location:
Key West, FL
Year:
2014


Title:
“Lottery Preferences and the Time Series Variation of the Idiosyncratic Volatility Puzzle”
Organization:
Southwestern Finance Association
Location:
Dallas, TX
Year:
2014


Title:
The Inevitable Tension between Long-term and Short-term Managerial and Investor Incentives
Organization:
Southwestern Finance Association
Year:
2013


Title:
The Inevitable Tension between Long-term and Short-term Managerial and Investor Incentives
Organization:
Financial Management Association
Year:
2013


Title:
The Equilibrium Relationships between Equity-Based Compensation and the Commission and Detection of Fraudulent Misreporting
Organization:
American Accounting Association
Location:
San Diego
Year:
2013


Title:
Lying About Bad News: An Experimental Investigation of Fraudulent Misreporting
Organization:
International Economic Science Association
Location:
NYU
Year:
2012


Title:
Economic Significance of Idiosyncratic Risk
Year:
2008


Title:
The Strategic Interaction between Committing and Detecting Fraudulent Misreporting
Organization:
Finance Management Association
Location:
Dallas, Texas
Year:
2008


Title:
The Strategic Interaction between Committing and Detecting
Organization:
Western Finance Association
Location:
Hawaii
Year:
2008


Title:
Capital Gains Overhang and the Closed-End Fund Discount
Year:
2007


Title:
An Equilibrium Model of Incentive Contracts in the Presence of Information Manipulation
Year:
2005


Title:
An Equilibrium Model of Incentive Contracts in the Presence of Information Manipulation
Year:
2004


Title:
An Equilibrium Model of Incentive Contracts in the Presence of Information Manipulation
Year:
2004


Organization:
Financial Management Association Meetings
Year:
2004


Organization:
Western Finance Association Meetings
Year:
2003


Title:
Delegated Portfolio Management and Rational Prolonged Mispricing
Year:
2001


Title:
The Theoretical Impact of Long- versus Short-lived Liquidity Shocks on Asset Returns in Markets with Asymmetric Information
Year:
2000


Organization:
Financial Management Association Meetings
Year:
2000


Title:
The Theoretical Implications of Asymmetric Information on the Dynamic and Cross-Sectional Characteristics of Asset Returns
Year:
1999


Title:
The Theoretical Implications of Asymmetric Information on the Dynamic and Cross-Sectional Characteristics of Asset Returns
Year:
1999


Organization:
World Financial Crisis Confernece< Duke University
Year:
1998


Organization:
Western Finance Association Meetings
Year:
1996


Organization:
Western Association Meetings
Year:
1996


Organization:
American Finance Association Meetings
Year:
1996


Organization:
Western Finance Association Meetings
Year:
1995


Title:
A Theory of the Dynamics of Security Returns Around Market Closures
Year:
1994


Title:
A Theory of the Dynamics of Security Returns Around Market Closures
Year:
1994


Title:
The Effect of Organizational Form on Information Aggregation and Project Choice: The Problem of Informational Cascades in Teams
Year:
1994


Organization:
Western Finance Association Meetings
Year:
1994


Title:
Insider Trading, Outside Search and Resource Allocation: Why Firms and Society May Disagree on Insider Trading Restrictions
Year:
1993


Title:
Insider Trading, Outside Search and Resource Allocation: Why Firms and Society May Disagree on Insider Trading Restrictions
Year:
1993


Organization:
Econometric Society Meetings
Year:
1993


Organization:
Econometric Society Meetings
Year:
1989