David Ikenberry
Professor of Finance and Associate Dean for Executive Education
Education
Ph.D.
Finance,
University of Illinois,
1990.
M.M.
Northwestern University,
1985.
B.S.
Mineral Economics,
Pennsylvania State University,
1983.
Research Interests
Empirical issues in Investments and Corporate Finance.
Research
Journal Articles
"Do Managers Time the Market? Evidence from Open Market Repurchases"
D. Ikenberry,
K. Chan,
I. Lee,
Journal of Banking and Finance,
2009.
"Clustering in U.S. Stock Prices After Decimalization"
D. Ikenberry,
J. Weston,
European Financial Management,
(14)
1
30-54
2008.
"Are All Analysts Alike? Identifying Earnings Forecasting Ability"
D. Ikenberry,
L. Chan,
J. Lakonishok,
S. Lee,
Journal of Investment Management,
(6)
1
1-19
2008.
"Economic Sources of Gain in Stock Repurchases"
D. Ikenberry,
K. Chan,
I. Lee,
Journal of Financial and Quantitative Analysis,
September,
2004.
"Reappearing Dividends"
D. Ikenberry,
B. Julio,
Journal of Applied Corporate Finance,
(16)
Fall,
4
89-100
2004.
SSRN Abstract
"Underreaction to Self-selected News Events: The Case of Stock Splits"
D. Ikenberry,
S. Ramnath,
Review of Financial Studies,
(15)
2
489-526
2002.
"Share Buybacks: Bridge to Shareholder Value"
D. Ikenberry,
T. Opler,
Strategic Investor Relations,
(1)
Spring,
1
2001.
"A Round-table Discussion on Capital Structure and Share Repurchase"
D. Ikenberry,
C. Smith,
E. Sirri,
T. Opler,
Journal of Applied Corporate Finance,
(14)
Spring,
1
8-41
2001.
"A Round-table Discussion on Capital Structure and Share Repurchase"
D. Ikenberry,
C. Smith,
E. Sirri,
R. Thevenet,
Journal of Applied Corporate Finance,
(14)
Spring,
1
8-41
2001.
"Stock Repurchases in Canada: Performance and Strategic Trading"
D. Ikenberry,
J. Lakonishok,
T. Vermaelen,
Journal of Finance,
(55)
October,
5
2373-2398
2000.
"What Do We Know About Share Repurchases?"
D. Ikenberry,
G. Grullon,
Journal of Applied Corporate Finance,
Spring,
31-51
2000.
"Why Active Fund Managers Often Underperform the S&P 500: The Impact of Size and Skewness"
D. Ikenberry,
R. Shockley,
K. Womack,
Journal of Private Portfolio Management,
(1)
Spring,
1
13-26
1998.
"The Option to Repurchase Stock"
D. Ikenberry,
T. Vermaelen,
Financial Management,
(25)
Winter,
4
9-24
1996.
"What Do Stock Splits Really Signal?"
D. Ikenberry,
E. Stice,
G. Rankine,
Journal of Financial and Quantitative Analysis,
(31)
September,
3
357-375
1996.
"The Long-run Negative Drift of Post-Listing Stock Returns"
D. Ikenberry,
B. Dharan,
Journal of Finance,
(50)
December,
5
1547-1574
1995.
"Market Underreaction to Open Market Share Repurchases"
D. Ikenberry,
J. Lakonishok,
T. Vermaelen,
Journal of Financial Economics,
(39)
October,
181-208
1995.
"The Individual Investor and the Weekend Effect"
D. Ikenberry,
A. Abraham,
Journal of Financial and Quantitative Analysis,
(29)
June,
2
263-277
1994.
"Corporate Governance Through the Proxy Contest: Evidence and Implications"
D. Ikenberry,
J. Lakonishok,
Journal of Business,
(66)
July,
3
405-435
1993.
"Proxy Contest's Aftermath"
D. Ikenberry,
Directorship,
(18)
March,
3
1993.
Working Papers
"Share Repurchases as a Tool to Mislead Investors: Evidence from Earnings Quality and Stock Performance"
D. Ikenberry,
I. Lee,
K. Chan,
Y. Wang,
2009.
"The 1992 Revision of U.S. Governance Laws and Its Impact on Firm Performance Subsequent to a Proxy F"
D. Ikenberry,
2005.
"Warning: Bias in the use of Market Model Residuals in Corporate Finance Studies"
D. Ikenberry,
2003.
Chapters in Books
"Seasonal Anomalies in Financial Markets: A Survey"
D. Ikenberry,
J. Lakonishok,
In A Reappraisal of the Efficiency of Financial Markets,
NATO Advanced Science Institute Series: Springer-Verlag,
1989.
Honors and Awards
Outstanding Teacher
, University of Illinois Executive MBA Program
, 2009
Award for Excellence in Teaching as voted by students.
, Jones Graduate School, Rice University
, 2002
One of the nation's best teachers.
, Business Week
, 1997-2002
Best paper award , 'Underreaction to self-selected news events.'
, European Financial Management meetings
, 2000
Best paper award, 'Underreaction to firm specific news events.'
, Chicago Quantitative Analysts meetings
, 2000
Award for Excellence in Teaching as voted by alumni.
, Jones Graduate School, Rice University
, 1996-1999
Best paper award in investments given by the American Association of Individual Investors 'The Long-run Negative Drift of Post-Listing Stock Returns.'
, Southwestern Finance Association meetings
, 1995
Finalist, Phi Beta Kappa teaching award (restricted to untenured professors).
, Rice University
, 1993-1995
Nominated for the Smith-Breeden for the best paper published, 'The Long-run Negative Drift of Post-Listing Stock Returns.'
, Journal of Finance
, 1995
Haliburton Foundation Award of Excellence for professionalism in education, research and service to students.
, Jones Graduate School, Rice University
, 1994
Best paper award in investments given by American Association of Individual Investors, 'The Individual Investor and the Weekend Effect.'
, Southwestern Finance Association meetings
, 1993