Mark Leary
Co-Vice Dean of Faculty and Research, Interim Director of WFA–CFAR and Professor of Finance
Area of Expertise:
Corporate Finance, Corporate Finance
Research Interests:
Empirical corporate finance - capital structure, payout policy, security issuance and financial intermediaries
Selected Publications:
- "Do Peer Firms Affect Corporate Financial Policy?", Journal of Finance, Issue 1, 139-178, with M. Roberts, 2014
- "Determinants of Dividend Smoothing: Empirical Evidence", Review of Financial Studies, with R. Michaely, 2011
- "The Pecking Order, Debt Capacity, and Information Asymmetry", Journal of Financial Economics, with M. Roberts, 2010
- "Bank Loan Supply, Lender Choice, and Corporate Capital Structure", Journal of Finance, 2009
- "Do Firms Rebalance their Capital Structures?", Journal of Finance, with M. Roberts, 2005
Awards/Honors:
- Marshall Blume Prize in Financial Research (First prize), Rodney White Center, 2014
- Terker Family Prize in Financial Research, First Prize, Rodney L. White Center for Financial Research, 2010
- Brattle Group Prize for Distinguished Paper, Journal of Finance, 2009
- Brattle Group Prize for Distinguished Paper, Journal of Finance, 2006
- Competitive Paper Award in Corporate Finance, Financial Management Association Meetings, 2004
Personal Interests:
Professor Leary enjoys music, sports, and spending time with his family.
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Professor Leary joined Olin in 2010. He taught previously at Cornell University and, prior to his academic career, worked for CVS Corp. and the Federal Reserve Bank of NY. Leary's research investigates the motives behind corporate financial policy decisions, including leverage, security issuance, dividend and share repurchase decisions. His work has demonstrated the roles of adjustment costs, credit conditions, and peer firms in affecting financial policy.
Mark Leary's Home Page
Mark Leary's Curriculum Vitae
Email: leary@wustl.edu
Phone: (314) 935-6394
PhD 2006, Duke University
MBA 1998, New York University, Stern School of Business
BA 1994, Rutgers University
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