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Mark A. Peterson Associate Professor Department of Finance Southern Illinois University.

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Presentation on theme: "Mark A. Peterson Associate Professor Department of Finance Southern Illinois University."— Presentation transcript:

1 Mark A. Peterson Associate Professor Department of Finance Southern Illinois University

2 Education & Professional Experience

3 5 Time National Champions 1970, 1971, 1994, 1995, 1997 Bachelor of Science Electrical Engineering May 1987 Click here 1971 NU/OU Game of the Century 70 National Championship

4 Systems Engineer, 1987 – 1990 National Security Agency Fort Meade, MD

5 Master of Science, Electrical Engineering May 1990 The Johns Hopkins University

6 Systems Engineer,1991 – 1993 E-Systems/Raytheon State College, PA

7 Ph.D., Business Administration/Finance December 1996

8 Visiting Economist, 1996 – 1998 U.S. Securities and Exchange Commission Washington, DC

9 Associate Professor, Dept. of Finance SIU-Carbondale Assistant Professor 1997 – 2003

10 Published Research The Effect of Price Tests on Trader Behavior and Market Quality: An Analysis of Reg SHO, with Gordon Alexander. Forthcoming, Journal of Financial Markets. An Analysis of Trade-size Clustering and its Relationship to Stealth Trading, Journal of Financial Economics, 2007, Vol. 84, No. 2, An Analysis of Trade-size Clustering and its Relationship to Stealth Trading Intraday Analysis of Herding Behavior Among the Sector ETFs, with Kim Gleason and Ike Mathur. Journal of Empirical Finance, 2004, Vol. 11, No. 5, Intraday Analysis of Herding Behavior Among the Sector ETFs Margin Regulation and Market Quality: A Microstructure Analysis, with Gordon J. Alexander, Evren Ors, and Paul J. Seguin. Journal of Corporate Finance, 2004, Vol. 10, No. 4, Margin Regulation and Market Quality: A Microstructure Analysis Preferencing and Market Quality on U. S. Equity Exchanges, with Erik Sirri. Review of Financial Studies, 2003, Vol. 16, No. 2, Preferencing and Market Quality on U. S. Equity Exchanges Evaluation of the Biases in Execution Cost Estimation Using Trade and Quote Data, with Erik Sirri. Journal of Financial Markets, 2003, Vol. 6, No. 3, Evaluation of the Biases in Execution Cost Estimation Using Trade and Quote Data Order Submission Strategy and the Curious Case of Marketable Limit Orders, with Erik Sirri, Journal of Financial and Quantitative Analysis, 2002, Vol. 37, No. 2, Order Submission Strategy and the Curious Case of Marketable Limit Orders Implications of a Reduction in Tick Size on Short-Sell Order Execution, with Gordon Alexander, Journal of Financial Intermediation, 2002, Vol. 11, Implications of a Reduction in Tick Size on Short-Sell Order Execution An Analysis of Non-Underwritten Rights Offers: The Case of Closed-end Funds, with Jim Miles, Journal of Financial Research, 2002, Vol. XXV, No. 2, An Analysis of Non-Underwritten Rights Offers: The Case of Closed-end Funds Short Selling on the NYSE and the Effects of the Uptick Rule, with Gordon Alexander, Journal of Financial Intermediation, 1999, Vol. 8, Abstracted in The CFA Digest, Vol. 30, No. 1, (Winter 2000).Short Selling on the NYSE and the Effects of the Uptick Rule

11 Current Research Rights Offerings Can Be Costly: Intraday Evidence from Non-Underwritten Rights Offerings –We study the trading dynamics associated with a sample of non- underwritten rights offerings by issuers that are effectively precluded from using an underwriter when issuing seasoned equity. Market microstructure evidence is consistent with shareholders and brokers actively intermediating these offerings using short selling strategies. Large negative returns during the offering period, wealth transfers from non-participating shareholders to intermediaries, and difficulties associated with shareholder intermediation may make the non- underwritten rights method relatively more costly and highly impractical for widely held firms. Short Selling Stealth Trading

12 Personal M arried (1988) 3 children (1992, 1995, 1998) 1 dog (2000)

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16 Riverwoods Yellow Husker Born: 5/10/2000 – Memphis, TN

17 Riverwoods Yellow Husker

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