Skip to Main Content

FSB Directory

David Gempesaw

Assistant Professor

Finance


David Gempesaw

Contact Information

Office Hours

  • TR 12:00-1:30pm
  • By Appointment

Links

* Accessible version of PDF available upon request.

Profile

Academic Background

  • Ph.D. in Business Administration, Emphasis in Finance, Pennsylvania State University, 2019
  • M.A. in Economics, Concentration in Financial Economics, Miami University, 2014
  • Honors B.S. in Accounting and Finance (Minors: Economics and Jazz Studies - Guitar), University of Delaware, 2010

Academic & Professional Experience

  • Assistant Professor of Finance, Miami University, 2019 - present
  • External Auditor (Financial Services Office), Ernst & Young, 2009 & 2010-2013
  • Certified Public Accountant (inactive), State of Pennsylvania, 2012

Recent Publications

  • Gempesaw, D. Henry, J. and Velthuis, R. (2022). Piecing together the extent of retail fractional trading. Global Finance Journal 54, Article 100757.
  • Gempesaw, D., Kassa, H., and Zykaj, B. (2021). Does idiosyncratic volatility proxy for a missing risk factor? Evidence using portfolios as test assets. European Financial Management 28 (3): 693-721.
  • Cao, C., Gempesaw, D. and Simin, T. (2021). Information Choice, Uncertainty, and Expected Returns. Review of Financial Studies 34 (12): 5977-6031.
  • Gempesaw, D. (2021). Corporate governance and product market competition: evidence from import tariff reductions. Review of Quantitative Finance and Accounting 56: 1437-1473.
  • Cao, C., Gempesaw, D. and Simin, T. (2018). The Decline of Informed Trading in the Equity and Options Markets. Journal of Alternative Investments 21 (2): 16-29.

Honors & Awards

  • Peter E. Liberti and Judy D. Olian Scholarship, 2017
  • Alumni Excellence Fund for Finance Scholarship, 2016
  • Gerald P. Kessler and Joyce Kessler Graduate Scholarship, 2015
  • Kenneth J. Carey Scholarship, 2015 & 2017
  • The Frank P. and Mary Jean Smeal Endowment Fund Scholarship, 2014-2017

Biography

David Gempesaw joined the Department of Finance as an Assistant Professor in 2019 after completing his Ph.D. in Business Administration (emphasis in Finance) at Pennsylvania State University. His research agenda primarily focuses on topics related to empirical asset pricing and investments, including (1) the role of investors' information sets and preferences in asset pricing, (2) the predictability of equity returns, and (3) retail investors and institutional investors (e.g., mutual funds and hedge funds). He has taught undergraduate courses on financial derivatives and introductory finance, and he currently teaches a financial modeling course at Miami.

Prior to his doctoral studies at Penn State, David earned a Master of Arts degree in Economics (concentration in Financial Economics) from Miami University and graduated summa cum laude from the University of Delaware with an Honors Bachelor of Science degree in Accounting and Finance and minors in Economics and Jazz Studies. David also obtained his CPA license and worked as an external auditor in the Financial Services Office at Ernst and Young in Philadelphia, PA for three years.

Courses

  • FIN 401 D TR 10:05AM-11:25AM,LWS 302