Steve Slezak

Headshot of Steve Slezak

Steve Slezak

Director, Carl H. Lindner III Center for Insurance and Risk Management, Associate Professor, Department of Finance, Real Estate, and Insurance and Risk Management

2331 Carl H. Lindner Hall

513-556-6531

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.

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

Director, Carl H. Lindner III Center for Insurance and Risk Management

Dates: 2013-06-01

Director of the Undergraduate Program in Insurance and Risk Management

Dates: 2013-06-01

Undergraduate Program Director of Finance

Dates: 2012-08-15 - 2013-08-15

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

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

Brian Kluger, Steve Slezak,  (2018). Signal jamming models of fraudulent misreporting and economic prospects: An experimental investigation. Journal of Economic Behavior and Organization, 254-283.

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: A Simple Model of Costly Hedging

Status: On-Going

Research Type: Scholarly

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: Incentive Compensation, Fraud, and Amplified Downturns

Status: On-Going

Research Type: Scholarly

Title: The Economic Significance and Arbitrage of Idiosyncratic Risk

Research Type: Scholarly

Presentations

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: Lottery Preferences and the Time Series Variation of the Idiosyncratic Volatility Puzzle

Organization: FInancial Management Association

Location: Chicago

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: The Optimal Portfolio Weight fopr Real Estate with Liquidity Risk and Uncertainty Aversion

Organization: AREUEA

Year: 2010

Title: Idiosyncratic Risk Premia and Momentum

Organization: Financial Management Association

Year: 2010

Title: The Strategic Interaction between Committing and Detecting Fraudulent Misreporting

Location: Taiwan

Year: 2009

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 Association Meetings

Year: 1996

Organization: Western Finance 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