Chad J. Zutter

Associate Professor of Business Administration and Dean's Excellence Faculty Fellow

 

Finance
Office: 
352 Mervis Hall
Phone: 
412-648-2159

Web page: pitt.edu/~czutter

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)

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 Journal Publications

"Earnings Quality and International IPO Underpricing" with Thomas Boulton and Scott Smart, 2011, The Accounting Review, 86, 483-505. Featured by The Harvard Law School Forum on Corporate Governance and Financial Regulation, December 27, 2010.

"Acquisition Activity and IPO Underpricing" with Thomas Boulton and Scott Smart, 2010, Financial Management, 39, 1521-1546.

"Sarbanes-Oxley and Corporate Risk-Taking" with Leonce Bargeron and Kenneth Lehn, 2010, Journal of Accounting and Economics, 49, 34-52.

"IPO Underpricing and International Corporate Governance" with Thomas Boulton and Scott Smart, 2010, Journal of International Business Studies, 41, 206-222.

"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 René 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. Reprinted in Corporate Takeovers, Modern Empirical Developments, vol. 1, B. Espen Eckbo, ed., Elsevier Academic Press.

Recent Book Publications

Principles of Managerial Finance, 13th edition, (Prentice Hall Publishing, 2012), with Lawrence J. Gitman.

Principles of Managerial Finance Brief, 6th edition, (Prentice Hall Publishing, 2012), with Lawrence J. Gitman.

Recent Working Papers

"Are Acquisition Premiums Lower because of Target CEOs' Conflicts of Interest?" with Leonce Bargeron, Frederik Schlingemann, and René Stulz

"Industrial Diversification and Initial Public Offerings" with Thomas Boulton and Scott Smart

"Evolution of Equity Financing: A Comparison of Dual- and Single-Class SEOs" with William Megginson and Scott Smart

"Why Do Firms Go Public? Evidence from the Banking Industry" with Evren Örs, Richard Rosen, and Scott Smart