Assistant Professor, University of Memphis
Jeff Black’s research interests include market microstructure, liquidity, market efficiency, and social network analysis. He has published in several top finance journals, including Management Science, Journal of Finance, Journal of Banking & Finance, Journal of Corporate Finance, Review of Quantitative Finance and Accounting, the Journal of Trading, and the Journal of Fixed Income. These publications range in topics between government bank intervention, market access fee pilot programs, measuring, trade clustering in time, and order revisions. His papers have been among the Top Ten most downloaded on SSRN (Social Science Research Network) in 2021, 2022, and 2023.
He received his bachelor’s degree from Colorado State University in 2010 with a concentration in finance and a minor in applied statistics. Returning to Colorado State, he completed his master’s degree in financial risk management in 2012. While completing his doctorate at the University of Oklahoma, Jeff taught investments and financial risk management. At the University of Memphis, Jeff teaches investments, global financial management, and financial econometrics. He has also worked as a financial consultant to US Oil & Gas and First Financial Network, and is a Series 65 licensed financial advisor.
Degrees Earned:
-
PhD in Finance, University of Oklahoma, 2017
-
Masters of Science in Financial Risk Management, Colorado State University, 2012
-
Bachelors of Science in Business Administration, Colorado State University, 2010, cum laude
-
Concentration in Finance, Minor in Applied Statistics
-
Publications:
-
“Director Networks and Firm Value” with Tor-Erik Bakke, Hamed Mahmudi, and Scott Linn, April 2024,
Journal of Corporate Finance 85, article 102545.-
Summarized in Global Financial Markets Center at Duke University School of Law
-
-
“Reproducibility in Management Science” with Miloš Fišar, et al., March 2024, Management Science, 70 (3), pages 1343-2022.
-
“Non-Standard Errors” with Albert J. Menkveld, et al., 2024, Journal of Finance.
-
SSRN's Top Ten Download List (2021, 2022, 2023)
-
Runner-up for Best Paper, Society for Financial Econometrics annual conference
-
-
“Trade Time Clustering” with Pankaj K. Jain and Wei Sun, January 2023, Review of Quantitative Finance and Accounting, 60(3), pages 1209-1242.
-
“The Impact of Make-Take Fees on Market Efficiency”, April 2022, Review of Quantitative Finance and Accounting 58, pages 1015–1035.
-
“The Life of U’s: Order Revisions on NASDAQ” with Olena Nikolsko-Rzhevska and Alex Nikolsko-Rzhevskyy,
February 2020, Journal of Banking & Finance 111, article 105724. -
“How a Credit Enhancement Affects Bond Liquidity and Default Risk of the Firm,” with Seth A. Hoelscher and Duane Stock, Winter 2019. The Journal of Fixed Income, 28(3), pages 24-37.
-
Semi-Finalist for Best Paper, 2016 FMA Asia-Pacific Meetings
-
Semi-finalist for Best Paper in Corporate Finance, 2013 FMA annual meeting
-
-
“The pricing of different dimensions of liquidity: Evidence from government guaranteed bonds,” with Duane Stock, and Pradeep K. Yadav, 2016. Journal of Banking & Finance 71, pages 119-132.
-
Abstracted and summarized by S. Fujiyama in CFA Digest, March 2017 (Volume 47, No. 3)
-
-
“Return Dynamics and Trading Strategy in Alternative Trading Systems”, with Hong Miao and Sanjay Ramchander, Summer 2012. Journal of Trading 7, pages 52-65.
Working Papers:
-
“Economic Policy Uncertainty and Corporate Bond Liquidity” with Nirmol C. Das and Diego Leal
-
3rd Revision Requested at Journal of Banking &Finance
-
-
“Textual Uncertainty in Financial Disclosures and Information Asymmetry among Investors”
with Rasheek Irtisam and Pankaj K. Jain-
2nd Revision Requested at Financial Review
-
-
“Informed Trading and the Cost of Capital: The Influence of Public and Private Information”
with Florian Bardong, Sohnke M. Bartram, and Pradeep K. Yadav-
SSRN's Top Ten Download List (2022)
-
-
“Margin Trading and Price Discovery in Cryptocurrency Markets” (with M.J. Hossain, and S. McFarland)
-
"Intraday Volatility Spillover in Leveraged and Unleveraged ETFs" with M. Jobaer Hossain and Pankaj K. Jain