Directory

boultotj

Contact Information

Office Hours

  • Fall 2017
  • TR 11:30-12:30
  • And By Appointment

Links

* Accessible version of PDF available upon request.

Thomas Boulton

Lindmor Professor & Professor

Finance

Profile Biography Courses

Academic Background

  • Ph.D. University of Pittsburgh, Finance, 2006
  • M.B.A. Cleveland State University, 2002
  • B.S. The Ohio State University, Actuarial Science, 1993

Academic Experience

  • Professor of Finance, Miami University, July 2017 - Present
  • Lindmor Professor of Finance, Miami University, July 2013 - Present
  • Associate Professor of Finance, Miami University, July 2013 - June 2017
  • Assistant Professor of Finance, Miami University, August 2007 - June 2013
  • Visiting Lecturer, Indiana University, January 2006 - May 2007
  • Lecturer, University of Pittsburgh, January 2007 - April 2007

Recent Publications

  • Boulton, Thomas, Scott Smart, and Chad Zutter, "IPO Underpricing Around the World" in Oxford Handbook of IPOs, Oxford University Press, Forthcoming, edited by Douglas Cumming and Sophia Johan.
  • Boulton, Thomas, Scott Smart, and Chad Zutter, "Conservatism and International IPO Underpricing," Journal of International Business Studies, 48, August 2017, 763-785.
  • Boulton, Thomas, and Terry Nixon, "The Litigation of Tax Benefit Preservation Plans," Managerial Finance, 43, January 2017, 76-94.
  • Boulton, Thomas, and T. Colin Campbell, "Managerial Confidence and Initial Public Offerings," Journal of Corporate Finance, 37, April 2016, 375-392.
  • Autore, Donald, Thomas Boulton, and Marcus Braga-Alves, "Failures to Deliver, Short Sale Constraints, and Stock Overvaluation," The Financial Review, 50, May 2015, 143-172.
  • Borokhovich, Kenneth, Thomas Boulton, Kelly Brunarski, and Yvette Harman, "The Incentives of Grey Directors: Evidence from Unexpected Executive and Board Chair Turnover," Journal of Corporate Finance, 28, October 2014, 102-115.
  • Boulton, Thomas, Marcus Braga-Alves, and Frederik Schlingemann, "Does Equity-Based Compensation Make CEOs More Acquisitive?" Journal of Financial Research, 37, Fall 2014, 267-293.
  • Autore, Donald, Boulton, Thomas, Scott Smart, and Chad Zutter, "The Impact of Institutional Quality on Initial Public Offerings," Journal of Economics and Business, 73, May/June 2014, 65-96.
  • Boulton, Thomas, Marcus Braga-Alves, and Manoj Kulchania, "The Flash Crash: An Examination of Shareholder Wealth and Market Quality," Journal of Financial Intermediation, 23, January 2014, 140-156.
  • Boulton, Thomas, Scott Smart, and Chad Zutter, "Industrial Diversification and Underpricing of Initial Public Offerings," Financial Management, 42, Fall 2013, 679-704.
  • Boulton, Thomas, Marcus Braga-Alves, and Kuldeep Shastri, "Payout Policy in Brazil: Dividends versus Interest on Equity," Journal of Corporate Finance, 18, September 2012, 968-979.
  • Boulton, Thomas, and Marcus Braga-Alves, "Naked Short Selling and Market Returns," The Journal of Portfolio Management, 38, Spring 2012, 133-142.
  • Boulton, Thomas, "The Impact of the Corporate Control Market on IPO Decisions," The Financial Review, 46, May 2011, 207-232.
  • Boulton, Thomas, Scott Smart, and Chad Zutter, "Earnings Quality and International IPO Underpricing," The Accounting Review, 86, March 2011, 483-505.
  • Boulton, Thomas, Scott Smart, and Chad Zutter, "Acquisition Activity and IPO Underpricing," Financial Management, 39, Winter 2010, 1521-1546.
  • Boulton, Thomas, "Venture Capital and the Incorporation Decisions of IPO Firms," Journal of Economics and Business, 62, November/December 2010, 477-501.
  • Boulton, Thomas, and Marcus Braga-Alves,"The Skinny on the 2008 Naked Short Sale Restrictions," Journal of Financial Markets, 13, November 2010, 397-421.
  • Boulton, Thomas, Scott Smart, and Chad Zutter, "IPO Underpricing and International Corporate Governance," Journal of International Business Studies , 41, February/March 2010, 206-222.
  • Boulton, Thomas, Kenneth Lehn, and Steven Segal. 2007. "The Rise of the U.S. Private Equity Market." In New Financial Instruments and Institutions: Opportunities and Policy Challenges, edited by Yasuyuki Fuchita and Robert E. Litan, pp. 141-161. Washington, D.C.: Brookings Institution Press.

Professional Interests

  • Research interests: Initial public offerings, international finance, market microstructure, short selling.