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Chad J. Zutter

Associate Professor of Business Administration

Office: 352 Mervis Hall
Phone: 412-648-2159
E-mail: czutter@pitt.edu
Homepage: http://www.pitt.edu/~czutter

Photo of Chad J. Zutter in front of the Cathedral of Learning

Degrees

PhD, Finance, Indiana University (Bloomington)
BBA, Finance, University of Texas (Arlington)

Courses Recently Taught

BUSFIN 1321 Investment Management (CBA)
BUSFIN 1030 Introduction to Finance (CBA)
BFIN 2006 Financial Management (MBA)

Area

Finance

Profile

Professor Zutter's research interests are in corporate finance and include initial and seasoned public offerings, mergers and acquisitions, and governance structure. Professor Zutter's research has been published in top academic journals and has been cited by leading media outlets, including the Economist, CFO Magazine, the Wall Street Journal, and the New York Times. He has received numerous awards for research and teaching, including the Journal of Financial Economics Jensen Prize for best paper, Journal of Corporate Finance Best Paper Award, Katz Excellence in Research Award, Katz Excellence in Teaching Award, Students' Choice Award, the NASDAQ Research Fellowship, the Teaching Excellence Recognition Award, and the Ronald E. McNair Research Fellowship. Professor Zutter has taught courses in financial management, investments, and market microstructure.

Recent Publications

"Sarbanes-Oxley and Corporate Risk-Taking" with Leonce Bargeron and Kenneth Lehn, 2009, Journal of Accounting and Economics, forthcoming.

"Governance and International IPO Underpricing" with Thomas Boulton and Scott Smart, 2009, Journal of International Business Studies, forthcoming.

"Ownership Structure and Target Returns" with Scott Bauguess, Sara Moeller, and Frederik Schlingemann, 2009, Journal of Corporate Finance, 15, 48-65. Best paper award, Journal of Corporate Finance special issue on Corporate Control, Mergers, and Acquisitions.

"Why Do Private Acquirers Pay So Little Compared to Public Acquirers?" with Leonce Bargeron, Frederik Schlingemann, and Ren Stulz, 2008, Journal of Financial Economics, 89, 375-390. Jensen Prize for the Best Paper Published in the Journal of Financial Economics in the Areas of Corporate Finance and Organizations.

"Dual Class IPOs Are Underpriced Less Severely" with Scott Smart, 2008, Financial Review, 43, 85-106.

"What's in a Vote? The Short- and Long-Run Impact of Dual-Class Equity on IPO Firm Value" with Scott Smart and Ramabhadran Thirumalai, 2008, Journal of Accounting and Economics, 45, 94-115.

"Information Revelation in the Futures Market: Evidence from the Single Stock Futures Market" with Kuldeep Shastri and Ramabhadran Thirumalai, 2008, Journal of Futures Market, 28, 1-19.

"Control as a Motivation for Underpricing: A Comparison of Dual- and Single-Class IPOs," with Scott B. Smart, Journal of Financial Economics, Vol. 69, pp. 85-110, 2003.

Recent Working Papers

  • "Do Target CEOs Sell Out Their Shareholders to Keep Their Job in a Merger?" with Leonce Bargeron, Frederik Schlingemann, and Ren Stulz
  • "Acquisition Activity and IPO Underpricing" with Thomas Boulton and Scott Smart
  • "Earnings Quality and International IPO Underpricing" with Thomas Boulton and Scott Smart
  • "Industrial Diversification and Initial Public Offerings" with Thomas Boulton and Scott Smart
  • "Why Do Firms Go Public? Evidence from the Banking Industry" with Evren Ors, Richard Rosen, and Scott Smart