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FSB Directory

Thomas Boulton

Jack R. Anderson Professor in Finance & Professor

Finance


Thomas Boulton

Contact Information

Office Hours

  • TR 11:30am-1:00pm

Links

* Accessible version of PDF available upon request.

Profile

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

  • Jack R. Anderson Professor in Finance, Miami University, July 2021 - Present
  • Professor, July 2017 - Present
  • Lindmor Professor, Miami University, July 2013 - June 2021
  • Associate Professor, Miami University, July 2013 - June 2017
  • Assistant Professor, 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, T., ELLRAM, L. (2024). The Intersection of Supply Chain Operations and Finance: Logistics Uncertainty and International IPO Underpricing” with Lisa Ellram. Transportation Research Part E: Logistics and Transportation Review, 198.
  • BOULTON, T., SHANK, C. (2024). Terror Threat and Investor Sentiment: International Evidence. Global Finance Journal, 59.
  • NIXON, T., BARRETT, P., BOULTON, T. (2024). The Economic Consequences of Social Unrest: Evidence from Initial Public Offerings. European Financial Management.
  • BOULTON, T. (2024). Does Sustainable Development Matter for Initial Public Offering Underpricing? Business Strategy and the Environment, 33 (8), 8361-8387.
  • BOULTON, T. (2024). Mandatory ESG Disclosure, Information Asymmetry, and Litigation Risk: Evidence from Initial Public Offerings. European Financial Management, 30 (5), 2790-2839.
  • BOULTON, T. (2023). Property Rights and Access to Equity Capital in China. Global Finance Journal, 55.
  • BOULTON, T. (2023). The Economic Consequences of Social Unrest: Evidence from Initial Public Offerings. International Monetary Fund.
  • BOULTON, T. (2022). Economic Policy Uncertainty and International IPO Underpricing. Journal of International Financial Markets, Institutions & Money, 81.
  • BOULTON, T., BRAGA-ALVES, M., CHAKRABARTY, B. (2022). The Effect of Reporting Opacity on Trading Opacity: New Evidence from ADR Trades in Dark Pools. Contemporary Accounting Research.
  • BOULTON, T. (2022). Social Progress, Business Formation, and Access to Investment Capital. Emerging Markets Review, 50.
  • BOULTON, T., FRANCIS, B., SHOHFI, T., XIN (2021). Investor Awareness or Information Asymmetry? Wikipedia and IPO Underpricing. Financial Review, 56.
  • BAKER, E., BOULTON, T., BRAGA-ALVES, M., MOREY, M. (2021). ESG Government Risk and International IPO Underpricing. Journal of Corporate Finance, 67.
  • BOULTON, T., SMART, S., ZUTTER, C. (2020). Worldwide Short Selling Regulations and IPO Underpricing. Journal of Corporate Finance, 62.
  • BOULTON, T., BRAGA-ALVES, M. (2020). Price Stabilization, Short Selling, and IPO Secondary Market Liquidity. Quarterly Review of Economics and Finance.
  • BOULTON, T., BRAGA-ALVES, M. (2020). Short Selling and Dark Pool Volume. Managerial Finance, 46 (10), 1263-1282.
  • BOULTON, T., SHOHFI, T., ZHU, P. (2019). Angels or Sharks? The Role of Personal Characteristics in Angel Investment Decisions. Journal of Small Business Management, 57, 1280-1303.
  • BOULTON, T., SMART, S., ZUTTER, C. (2017). Conservatism and International IPO Underpricing. Journal of International Business Studies, 48, 763-785.
  • BOULTON, T., NIXON, T. (2017). The Litigation of Tax Benefit Preservation Plans. Managerial Finance, 43, 76-94.
  • BOULTON, T., CAMPBELL, T. C. (2016). Managerial Confidence and Initial Public Offerings. Journal of Corporate Finance, 37, 375-392.
  • AUTORE, D., BOULTON, T., BRAGA-ALVES, M. (2015). Failures to Deliver, Short Sale Constraints, and Stock Overvaluation. Financial Review, 50, 143-172.

Professional Interests

  • Research interests: Initial public offerings (IPOs), dark pools, short selling.

Biography

Tom Boulton joined the Department of Finance in 2007 after completing his Ph.D. in Finance at the University of Pittsburgh. He also holds an MBA from Cleveland State University and a bachelor's degree in actuarial science from The Ohio State University.

Dr. Boulton's research interests include initial public offerings, international finance, and short selling. He currently teaches undergraduate and graduate courses in corporate finance, investments, and mergers and acquisitions.

Courses

  • FIN 461 A TR 8:30AM-9:50AM, FSB 0027
  • FIN 461 B TR 10:05AM-11:25AM, FSB 0027
  • FIN 561 A TR 8:30AM-9:50AM, FSB 0027
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