David Gempesaw

Assistant Professor



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

  • Does Idiosyncratic Volatility Proxy for a Missing Risk Factor? Evidence from Using Portfolios as Test Assets, with Haim Kassa and Bela Zykaj, European Financial Management, forthcoming
  • Information Choice, Uncertainty, and Expected Returns, with Charles Cao and Timothy Simin, Review of Financial Studies, forthcoming
  • Corporate governance and product market competition: evidence from import tariff reductions, Review of Quantitative Finance and Accounting (2021), Volume 56, 1437-1473
  • The Decline of Informed Trading in the Equity and Options Markets, with Charles Cao and Timothy Simin, Journal of Alternative Investments (2018), Volume 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


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 primary research interests focus on empirical asset pricing, informed trading, and institutional investors such as 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.


  • SPRING 2021
  • FIN 303 C ONLINE
  • FIN 303 D ONLINE
  • FIN 303 E ONLINE
David Gempesaw

Contact Information

Office Hours

  • Virtual by appointment on Zoom


* Accessible version of PDF available upon request.