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

Carl H. Lindner College of Business

Brian Hatch

Department Head, Associate Professor
Professional Summary
Prof. Hatch has been serving as the Head of the Finance Department since August 2013. Brian has an extensive research record focused primarily in the area of empirical market microstructure where much of his work has been focused on market quality issues in equity and options markets. Dr. Hatch's most recent work examines leveraged and inverse ETFs and he is currently working on a project that measures the impact of algorithmic trading on firm value. Brian joined UC in 1998 after earning his PhD at Indiana University and spending several years at the University of Delaware. In addition to his academic work, Prof. Hatch has performed consulting work with Susquehanna Investment Group, Trimark, the Philadelphia Stock Exchange, and ZAR Fund Group. Currently Prof. Hatch sits on the advisory board of Absolute Return Strategies and serves on the University Investment Committee.
Contact Information
E-mail:
Office:
404 Carl H. Lindner Hall
Phone:
513-556-7076
Fax:
513-556-0979
Teaching Interest
  • Securities Markets and Trading
  • Investments
  • International Financial Markets
Research Interest
  • Market Microstructure
  • Market Efficiency
History

Institution:
University of Cincinnati
Title:
Finance Department Head


Institution:
University of Cincinnati
Title:
Associate Professor, Department of Finance, College of Business


Institution:
University of Cincinnati
Title:
Director, Master of Science in Business Administration - Finance Program
End Date:
2008-06-30


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


Institution:
University of Delaware - Alfred Lerner College of Business and Economics
Title:
Assistant Professor, Department of Finance
End Date:
1998-08-31


Institution:
Indiana University, Department of Finance, Kelley School of Business
Title:
Lecturer
End Date:
1995-12-31


Assignments

Description
Dates:
2013-08-01



Description
Manage the MS-Finance Program. Responsiblities include recruit students, market the program, recruit and interact with the Advisory Board, secure internships, and advise students.
Dates:
2004-12-20 - 2008-06-30



Awards | Honors

Name:
Michael L. Dean Excellence in Classroom Education and Learning Undergraduate Teaching Award
Year Received:
2013


Organization:
Southwestern Finance Association
Name:
Best Paper in Investments Award at the 2013 Southwestern Finance Association Meeting
Year Received:
2012


Name:
Nominated for Michael L. Dean EXCEL Undergraduate Teaching Award
Year Received:
2012


Name:
College of Business Research Fellow
Year Received:
2002


Name:
Nominated for MBA Teaching Award
Year Received:
1999


Education

Institution:
Indiana University - Kelley School of Business
Major:
Major: Finance Minor: Business Economics
Completed:
1995
Degree:
Ph D


Institution:
University of Cincinnati
Major:
Quantative Analysis and Finance
Completed:
1988
Degree:
BBA


Published Contributions

Qing Bai, Shaun Bond, Brian Hatch,  (2015). The Impact of Leveraged and Inverse ETFs on Underlying Real Estate Returns. Real Estate Economics, 37-66.


Robert Battalio, Brian Hatch, Tim Loughran,  (2011). Who benefited from the disclosure mandates of the 1964 Securities Acts Amendments?. Journal of Corporate Finance, 1047-63.


Alex Boulatov, Brian Hatch, Shane Johnson, Adam Lei,  (2009). Dealer Attention, Speed of Quote Adjustment to Information, and Net Dealer Revenue. Journal of Banking and Finance, 1531-1542.


Robert Battalio, Brian Hatch, Robert Jennings,  (2004). Toward a National Market System for U.S. Exchange-Listed Equity Options. The Journal of Finance, 933-962.


Robert Battalio, Brian Hatch, Robert Jennings,  (2003). All Else Equal? A Multidimensional Analysis of Retail Market Order Execution Quality. Journal of Financial Markets , 143-162.


Brian Hatch,  (2003). The Intraday Relationship between NYSE and CBOE Prices. Journal of Financial Research , 97-112.


Robert Battalio, Jason Greene, Brian Hatch, Robert Jennings,  (2002). Does the Limit Order Routing Decision Matter?. Review of Financial Studies, 159-194.


Brian Hatch, Shane Johnson,  (2002). The Impact of Specialist Firm Acquisitions on Market Quality. Journal of Financial Economics, 139-67.


Robert Battalio, Brian Hatch, Robert Jennings,  (2001). Post-reform Market-order Execution Quality: Multi-dimensional Comparisons Across Market Center. The Financial Review, 123-152.


Robert Battalio, Brian Hatch, Robert Jennings,  (1997). SOES Trading and Market Volatility. Journal of Financial and Quantitative Analysis, .


Brian Hatch, Bruce Resnick,  (1993). A Review of Recent Developments in International Portfolio Selection. Open Economies Review, 83-96.



Accepted Contributions



Research in progress

Title:
Information Asymmetry Measures and Their Effects on Cost of Equity





Title:
The Effect of Algorithmic Trading on Firm Value





Presentations

Title:
Did Leveraged ETFs Increase Intraday REIT Volatility during the Crisis
Organization:
FMA
Location:
Denver
Year:
2011


Title:
Did Leveraged ETFs Increase Intraday REIT Volatility During the Crisis?
Location:
University of Southern California
Year:
2011


Title:
Did Leveraged ETFs Increase Intraday REIT Volatility during the Crisis
Organization:
University of Southern California
Location:
Los Angeles
Year:
2011


Title:
Did Leveraged ETFs Increase Intraday REIT Volatility During the Crisis?
Organization:
AREUEA
Location:
Denver, CO
Year:
2011


Title:
Did Leveraged ETFs Increase Intraday REIT Volatility during the Crisis
Organization:
AREUEA, ASSA
Location:
Denver
Year:
2011


Title:
Does the Market Value Mandated Disclosure?
Organization:
Financial Management Association
Year:
2009


Title:
Does the Market Value Mandated Disclosure?
Organization:
American Finance Association
Location:
San Francisco, CA
Year:
2009


Title:
Does the Market Value Mandated Disclosure?
Organization:
University of Notre Dame
Location:
Notre Dame, IN
Year:
2008


Title:
The Impact of Specialist Firm Acquisitions on Market Quality
Organization:
American Finance Association
Year:
2002


Title:
The Impact of Specialist Firm Acquisitions on Market Quality
Organization:
New York Stock Exchange
Location:
Palm Beach, FL
Year:
2001


Title:
The Impact of Specialist Firm Acquisitions on Market Quality
Organization:
Western Finance Association
Year:
2001


Title:
Toward a National Market System for U.S. Exchange-Listed Equity Options
Organization:
Western Finance Assocation
Year:
2001


Title:
Toward a National Market System for U.S. Exchange-Listed Equity Options
Organization:
Vanderbilt University
Year:
2001


Title:
Toward a National Market System for U.S. Exchange-Listed Equity Options
Organization:
Yale University
Year:
2000


Title:
The Impact of Specialist Firm Acquisitions on Market Quality
Organization:
Financial Management Association
Year:
2000


Title:
Toward a National Market System for U.S. Exchange-Listed Equity Options
Organization:
Notre Dame University
Year:
2000


Title:
Toward a National Market System for U.S. Exchange-Listed Equity Options
Organization:
European Finance Association
Year:
2000


Title:
The Many Faces of Best Execution: Assessing the Differences Between the NYSE and the Third Market
Organization:
New York Stock Exchange
Location:
Phoenix, AZ
Year:
1999


Organization:
Southern Finance Association Meetings
Year:
1999


Title:
Contributions to Price Discovery: An Empirical Analysis of the NYSE, CBOE, and Regional Stock Exchanges
Organization:
Financial Management Association
Year:
1999


Title:
Contributions to Price Discovery: An Empirical Analysis of the NYSE, CBOE, and Regional Stock Exchanges
Year:
1999


Title:
A Comparison of Equity Limit Order Execution Quality Across Trading Venues
Organization:
American Finance Association
Year:
1999


Title:
A Comparison of Equity Limit Order Execution Quality Across Trading Venues
Organization:
Southern Finance Association
Year:
1997


Title:
SOES Trading and Market Volatility
Year:
1997


Title:
Limit Order Executions on the Philadelphia Stock Exchange
Organization:
Philadelphia Stock Exchange
Year:
1996


Title:
The Quality of Trade Execution on Regional Exchanges
Organization:
New York Stock Exchange
Year:
1996


Title:
Intraday Price Discovery Among Stock Index-Based Contracts
Year:
1995