David Ikenberry

Positions

Professor of Finance, University of Illinois, 2002 - 2009
Associate Dean for Executive Programs, University of Illinois, 2007 - 2009
Chair, Department of Finance, University of Illinois, 2003 - 2008
Associate Professor of Finance, Jesse H. Jones Graduate School of Management, Rice University, 1996 - 2002
Visiting Scholar, University of Washington, 1998 - 1999
Assistant Professor of Finance, Jesse H. Jones Graduate School of Management, Rice University, 1990 - 1996

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

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

Award for Excellence in Teaching as voted by alumni., Jones Graduate School, Rice University , 1996-1999

Award for Excellence in Teaching as voted by students., Jones Graduate School, Rice University , 2002

Best paper award , 'Underreaction to self-selected news events.', European Financial Management meetings , 2000

Best paper award in investments given by American Association of Individual Investors, 'The Individual Investor and the Weekend Effect.', Southwestern Finance Association meetings , 1993

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

Best paper award, 'Underreaction to firm specific news events.', Chicago Quantitative Analysts meetings , 2000

Finalist, Phi Beta Kappa teaching award (restricted to untenured professors)., Rice University , 1993-1995

Haliburton Foundation Award of Excellence for professionalism in education, research and service to students., Jones Graduate School, Rice University , 1994

One of the nation's best teachers., Business Week , 1997-2002

Nominated for the Smith-Breeden for the best paper published, 'The Long-run Negative Drift of Post-Listing Stock Returns.', Journal of Finance , 1995

Outstanding Teacher, University of Illinois Executive MBA Program , 2009

In The News