Chad J. Zutter

  • Associate Professor of Business Administration
  • James R. Allen Faculty Fellow

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.

Courses Recently Taught

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

Awards and Honors

  • James Allen Faculty Fellow, 2018-present
  • Katz Graduate School of Business Excellence in Service Award, 2015
  • Dean’s Excellence Faculty Fellowship, 2014-2017
  • Beta Gamma Sigma Honor Society Member, 2013-present
  • Joseph P. and Angela A. Campolo Faculty Fellowship, 2010-2013
  • Katz Graduate School of Business Excellence in Research Award, 2009
  • Best paper for JCF special issue on Corporate Control, Mergers, and Acquisitions, 2009
  • Jensen Prize for the Best Paper Published in the JFE, 2008
  • Dean’s Excellence Faculty Fellowship, 2007-2009
  • Katz Graduate School of Business Excellence in Research Award, 2007
  • Katz Graduate School of Business Excellence in Teaching Award, 2004
  • University of Pittsburgh Students’ Choice Award, 2004
  • Outstanding McNair Alumnus, Texas McNair Conference, 2002
  • Indiana University Panschar Teaching Award Nominee, 1998-1999, 1999-2000
  • NASDAQ Research Fellowship ($15,000), 1999-2000
  • Indiana University Teaching Excellence Recognition, 1998-1999
  • Ronald E. McNair Research Fellowship, 1996
  • Navy Good Conduct Medal, 1988-1992

Professional Service and Activities

  • Associate Editor, Journal of Corporate Finance, 2018-present.
  • Guest Editor, Journal of Corporate Finance, 25th Anniversary Special Issue, 2019.

Degrees

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

Recent Publications

Books

Fundamentals of Investing, 14th ed., (Pearson Education, 2020), with Scott B. Smart.

Principles of Managerial Finance, 15th ed., (Pearson Education, 2019), with Scott B. Smart.

Principles of Managerial Finance Brief, 8th ed., (Pearson Education, 2019), with Scott B. Smart.

Articles

"What is the shareholder wealth impact of target CEO retention in private equity deals?" with Leonce Bargeron, Frederik Schlingemann, and René Stulz, 2017, Journal of Corporate Finance, 46, 186-206. Featured by The Harvard Law School Forum on Corporate Governance and Financial Regulation, March 4, 2013.

"Conservatism and International IPO Underpricing" with Thomas Boulton and Scott Smart, 2017, Journal of International Business Studies, 48, 763-785.

"The Impact of Institutional Quality on Initial Public Offerings" with Don Autore, Thomas Boulton and Scott Smart, 2014, Journal of Economics and Business, 73, 65-96.

"Industrial Diversification and Underpricing of Initial Public Offerings" with Thomas Boulton and Scott Smart, 2013, Financial Management, 42, 679-704.

"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.

"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.

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

"Information Revelation in the Futures Market: Evidence from the Single Stock Futures" 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 Smart, 2003, Journal of Financial Economics, 69, 85-110.

CV File

Academic Area

Finance

Personal Interests

Professor Zutter enjoys woodworking, horseback riding, boating, hanging with his family, and serving as a Big Brother in the Big Brothers and Big Sisters program.