Text Box: Matthew T. Billett
Associate Professor of Finance
University of Iowa
Henry B. Tippie College of Business
Finance Department
108 Pappajohn Business Building
Iowa City, IA 52242-1000
Tel: (319) 335-2626
Fax: (319) 335-3690

Email: matt-billett@uiowa.edu 

Curriculum Vita


Working Papers 

The Effect of Change-in-Control Covenants on Takeovers: Evidence from leveraged buyouts, with Zhan Jiang and Erik Lie.
The Effect of Brand Assets on Firm Risk, with Lopo L. Rego and Neil A. Morgan.
Frequent Issuers’ Influence on Long-Run Post-Issuance Returns, with Mark J. Flannery and Jon A. Garfinkel.
Stockholder and Bondholder Wealth Effects of CEO Incentive Grants, with David C. Mauer and Yilei Zhang.
Shareholder-Manager Alignment and the Cost of Debt, with Yixin Liu.


Published  and Forthcoming Papers

Are Overconfident CEOs Born or Made? Evidence of Self-Attribution Bias from Frequent Acquirers, with Yiming Qian, Management Science, 2008, 54(6), pp. 1037-1051.
The Takeover Deterrent Effect of Open Market Share Repurchases, with Hui Xue. Journal of Finance, 2007, 62(4), pp.  1827-1850.
Share Repurchases and the Need for External Finance, with Hui Xue, Journal of Applied Corporate Finance, 2007, 19 (3), pp. 42–55.
Growth Opportunities and the Choice of Leverage, Debt Maturity, and Covenants, With Dolly King and David Mauer. Journal of Finance, 2007, 62(2), pp. 697-730.
Are Bank Loans Special? Evidence from the Post-Announcement Performance of Bank Borrowers, with Mark Flannery and Jon Garfinkel. Journal of Financial and Quantitative Analysis, 2006, 41, pp. 733-751 .
Financial Flexibility and the Cost of External Finance for U.S. Banks, with Jon A. Garfinkel,  Journal of Money, Credit and Banking, 2004, 36(5), pp. 827-852.
The Wealth Effects of Tracking Stock Restructurings, with Anand Vijh, Journal of Financial Research, 2004, 27(4), pp.559-583.
Bondholder Wealth Effects in Mergers and Acquisitions: New Evidence from the 1980s and 1990s, with Dolly King and David C. Mauer, Journal of Finance, 2004, 59(1), pp. 107-135.
Cross Subsidies, External Financing Constraints, and the Contribution of the Internal Capital Market to Firm Value, with David C. Mauer, Review of Financial Studies, 2003, 16(4), pp. 1167-1201.
Diversification and the Value of Internal Capital Markets: The Case of Tracking Stock, with David C. Mauer, Journal of Banking and Finance, 2000, 24(9), pp. 1457-1490.
The Cost of Market versus Regulatory Discipline in Banking, with  Jon A. Garfinkel and Edward S. O’Neal, Journal of Financial Economics, 1998, 48(3), pp. 245-282. 
Capital Structure, Asset Structure and Equity Takeover Premiums in Cash Tender Offers,” with Michael D. Ryngaert, Journal of Corporate Finance, 1997, 3(2), pp. 141-165.
Targeting Capital Structure: The Relationship Between Risky Debt and the Firm’s Likelihood of Being Acquired, Journal of Business, 1996, v69(2), pp. 173-192.
The Effect of Lender Identity on a Borrowing Firm’s Equity Return, with Mark J. Flannery and Jon A. Garfinkel, Journal of Finance, 1995, v50(2), pp. 699-718.


Finance Department
Henry B. Tippie College of Business