University of Pittsburgh

Home > Faculty & Research > Mandelker

Gershon N. Mandelker

Katz Alumni Chair Professor of Finance and Business Administration

Office: 350 Mervis Hall
Phone: 412-648-1713
E-mail: mandelke@katz.pitt.edu

Gershon Mandelker

Degrees

PhD, University of Chicago
MBA, University of Chicago
BA, The Hebrew University of Jerusalem (Majors: Economics and Statistics)

Profile

My research goal is to advance and test theories which explain economic behavior of individuals, firms, and capital markets. This includes issues in corporate financial policy; corporate governance; mergers and acquisitions; management compensation; market microstructure; the behavior of stock prices and bond prices in an efficient market; the relation between accounting measures of income and risk and their financial measures; and the impact of inflation on rates of return of financial assets.

Courses Recently Taught

  • Corporate Finance
  • Creating Value Through Restructuring
  • The Efficiency of Capital Markets
  • Research Methodology in Finance

Selected Publications

"Investment Banking: An Economic Analysis of optimal Underwriting Contracts,"(with A. Raviv ), The Journal of Finance, XXXI. Reprinted in: Financial Intermediaries, Mervin K. Lewis, Critical Writings in Economics, vol. 43. Aldershot, U.K.: Elgar, 1995.

"Risk and Return: The Case of Merging Firms," Journal of Financial Economics, December, 1974. Reprinted in: Modern Developments in Corporate Finance: A Book of Readings, edited by S. C. Myers, (The Dryden Press; Holt, Rinehart and Winston; Hinsdale, Illinois, 1977); in Capital Market Equilibrium Efficiency: Implications for Accounting, Financial and Portfolio Decision-Making, edited by J. L. Bicksler, (Lexington Books, D.C. Health and Company, 1977); in Economics of Corporation Law and Securities Regulation, R.A. Posner and K.E. Scott, Eds. (Little, Brown and Company, 1980), pp. 197-205; and in Fiduciary Problems in Acquisitions and Takeovers, L. Herzel and D. E. Colling, Eds. (Practicing Law Institute, NY, 1981), pp. 67-74.

"The Impact of Financial and Operating Leverages on the Systematic Risk of Common Stocks," (with S.G. Rhee), Journal of Financial and Quantitative Analysis, XIX, March 1984, 45-57.

"Managerial Incentives and Corporate Investment and Financing Decisions" (with A. Agrawal) The Journal of Finance, XLII, September 1987, 823-838

"Large Shareholders and the Monitoring of Managers: The Case of Antitakeover Charter Amendments," (with A. Agrawal) Journal of Financial and Quantitative Analysis, XXV, June 1990, 143-162.

"Executive Compensation and Corporate Performance in Electric and Gas Utilities," (with A. Agrawal and A. Makhija), Financial Management, XXI, Winter 1991, 113-124.

"The Post Acquisition Performance of Acquiring Firms in Mergers: A Re-examination of an Anomaly," (with A. Agrawal and J. Jaffe), The Journal of Finance, XLVII, September 1992, 1605-1622. Reprinted in: Takeovers: a Book of Readings, Volume II, edited by, A. Cosh and A. Hughes, (The International Library of Management; Dartmouth Publishing Company Limited, Ashgate Publishing Limited, 1998)

"The Efficient Markets Hypothesis - An Overview," (with J. Clarke and T. Jandik), in Leading Financial Experts: Investment Strategies from Industry Leaders,(John Wiley & Sons, Inc. New York, 2001).

"Bank Monitoring, Firm Performance, and Top Management Turnover in Japan," (C. Anderson, W. Campbell, and J. Narayanan) Advances in Financial Economics, 2003.

Citations: Mandelker's papers have ben cited in 2532 scholarly journal articles (As of July 16, 2009).

Awards and Honors

"All Star Paper" in the Journal of Financial Economics, 2002.

Served as: Associate Editor of The Journal of Corporate Finance, Financial Management, The Journal of Financial Research; The Financial Review; The International Review of Financial Analysis; The Journal of Small Business Finance; The Editorial Board of Finance India; Nominating Committee of the American Finance Association. Served as Editor of a Special Issue on Corporate Control in Financial Management.

Board of Directors of the Pittsburgh Psychoanalytical Foundation.

Board of Advisors of the Allegheny Institute for Public Policy.

Personal Interests

Reading, Hiking, Chess.