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Jeffry (Jeff) M. Netter

Department Head Finance
Georgia Bankers Association Chair
Josiah Meigs Professor
Education:
  • JD, Olin Fellow in Law and Economics, Emory University, 1985
  • PhD, Economics, Ohio State University, 1980
  • MA, Economics, Ohio State University, 1976
  • BA, Economics, Northwestern University, 1974
Awards, Honors and Recognitions:
  • Josiah Meigs Award for Excellence in Teaching, University of Georgia, 2002
  • Terry College of Business Research Award, University of Georgia, 2000
  • Terry College of Business Distinguished Teacher Award, University of Georgia, 1992
Service:
  • Graduate Council, Member, 2006 – 2008, University
  • Presidential Advisory Committee, Member, 2008 – 2011, University
  • University P&T, Chair, 2005 – 2007, University
  • Meigs Award Committee, Member, 2005 – 2006, University
  • Russell Award Committee, Member, 2004 – 2005, University
  • MBA Review Committee, Chair, 2010 – 2011, University
  • University Council, Member, 2010 – 2012, University
  • University of Georgia, Terry College of Business, Terry Dean's Advisory Committee, Member, 2009 – 2011, University
Research Interests and Areas of Expertise:

Research Interests

  • Mergers and Acquisitions
  • Corporate Governance
  • Law and Economics

Areas of Expertise

  • Corporate Governance
  • Public Choice

Google Scholar Citations

h-index 38, i10-index 58; 20,000 citations to research have been published in articles, books and working papers; more than 6000 since 2017 (updated January 2022).

Selected Publications:

Journal Articles

  • Book Chapter: J. Harold Mulherin, Jeffry M. Netter, Annette B. Poulsen. 2017. The Evidence on Mergers and Acquisitions: A Historical and Modern Report, in The Handboook of the Economics of Corporate Governance, edited by Benjamin E. Hermalin and Michael S. Weisbach, North Holland.
  • “Expectation management in mergers and acquisitions,” with Jie (Jack) He, Tingting Liu, and Tao Shu, 2020 , 68, Management Science., pp.1205-1226.
  • “Observations on research and publishing from nineteen years as editors of the Journal of Corporate Finance,” with J. Harold Mulherin and Annette B. Poulsen, 2018, 49, Journal of Corporate Finance. pp. 120-124.
  • “What does it take? Comparison of research standards for promotion in Finance,” 2018, with Annette B. Poulsen and William P. Kieser, 2018, 49 Journal of Corporate Finance. pp. 379-387.
  • “The Tax-Exempt Status of AARP,” 2015, 22 The Business Case Journal, with Kathryn Simms.
  • “Can Managers Use Discretionary Accruals to Ease Financial Constraints? Evidence from Discretionary Accruals Prior to Investment,” 2013, 88 The Accounting Review, with Tao Shu and Jim Linck, pp. 2117-2143.
  • Shareholder Proposal Rules and Practice: Evidence From a Comparison of the US and the UK,” 2012, 49 American Business Law Journal, with Bonnie Buchanan, Annette Poulsen,  & Tina Yang, pp. 739-803. (Winner, 2013 Hoeber Memorial Award Outstanding Article, ABLJ.)
  • Endogeneity and the Dynamics of Internal Corporate Governance,” 2012, 24  Journal of Financial Economics, with Jim Linck and Jide Wintoki, pp. 581-606
  • Implications of Data Screens on Merger and Acquisition Analysis: A Large Sample Study of Mergers and Acquisitions from 1992-2009,” 2011, 24 Review of Financial Studies, with Mike Stegemoller and Jide Wintoki, pp. 2316-2357. 
  • “ Effects and Unintended Consequences of the Sarbanes-Oxley Act on Corporate Boards” 2009, 22 Review of Financial Studies, with Jim Linck and Tina Yang, pp. 3287-3328. 
  • “ What Caused the 1987 Stock Market Crash and Lessons for the 2008 Crash,” 2009, 8 Review of Accounting and Finance, with Ryan McKeown, pp. 123-137.
  • The Rise of Corporate Governance in Corporate Control Research,” 2009, 15 Journal of Corporate Finance, with Annette Poulsen and Mike Stegemoller, pp. 1-9.
  • Do Campaign Contributions and Lobbying Expenditures by Firms Create Political Capital,” 2008, 36 Atlantic Economic Review, with Phil Hersch and Chris Pope, pp. 395-405. 
  • The Determinants of Board Structure,” 2008, 87 Journal of Financial Economics, with Jim Linck and Tina Yang, pp. 308-328. 
  • “Bank Privatization in Developing and Developed Countries: Cross-Sectional Evidence on the Impact of Economic and Political Factors,” 2005, 29 Journal of Banking and Finance, with Ekkehart Boehmer and Rob Nash, pp. 1981-2013.
  • “The Choice of Private versus Public Capital Markets: Evidence from Privatizations,” 2004, 59(6) Journal of Finance, with W. Megginson, Rob Nash and Annette Poulsen, pp. 2835-2870. 
  • “Operational Risk in Financial Service Providers and the Proposed Basel Capital Accord: An Overview,” 2003, 8 Advances in Financial Economics, with Annette Poulsen, pp. 147-171. 
  • “Determinants of Contractual Relations Between Shareholders and Bondholders: Investment Opportunities and Restrictive Covenants,” 2003, 9 Journal of Corporate Finance, with Rob Nash and Annette Poulsen, pp. 201-232. 
  • “Article II and the Florida Election Case: A Public Choice Perspective,” 2002, 61 University Of Maryland Law Review, with M. Wells, pp. 711-738. 
  • What Do Returns to Acquiring Firms Tell Us? Evidence from Firms That Make Many Acquisitions,” 2002, 57 Journal Of Finance, with Kathleen Fuller and Mike Stegemoller, pp. 1763-1793. 
  • From State to Market: A Survey of Empirical Studies on Privatization,” 2001, 39 Journal of Economic Literature, with W. Megginson, pp. 321-389. 
  • “Executive Compensation and Executive Contributions to Corporate PACs,” 2001, 6 Advances in Financial Economics, with Philip Hersch and Kathy Farrell pp. 39-56.
  • “The Long-Term Returns to Investors in Share Issue Privatizations,” 2000, 29 Financial Management, with William Megginson, Rob Nash and Adam Schwartz, pp. 67-77.
  • “The DaimlerChrysler Merger: Short-Term Gains, Long-Run Wealth Destruction?" 2000, 15 Issues in International Corporate Control and Governance, with Matej Blasko and Joseph Sinkey, pp. 299-329.
  • “Value Creation and Challenges of an International Transaction: The DaimlerChrysler Merger,” 2000, 9 International Review of Financial Analysis, with Matej Blasko, and Joseph Sinkey, pp. 77-102.
  • “Merging Markets,” 54 Journal of Finance 1083 (1999), with Tom Arnold, Harold Mulherin and Philip Hersch.
  • “Share Issue Privatizations as Financial Means to Political and Economic Ends,” 53 Journal of Financial Economics 217 (1999), with Steve Jones, William Megginson and Robert Nash. (Winner, Financial Management Meetings Best Paper on International Finance, 1995).
  • “Management Optimism and Corporate Acquisitions: Evidence from Insider Trading,” 18 Managerial and Decision Economics, 693 (1997), with Ekkehart Boehmer.
  • “Access to Bank Loans in a Transition Economy: The Case of Hungary,” 24 Journal of Comparative Economics 79 (1997), with Philip Hersch and David Kemme. 
  • “The Role of the Efficient Markets Hypothesis in Securities Fraud Litigation: Applications at the Securities and Exchange Commission,” 49 The Business Lawyer 545 (1994) with Mark Mitchell.
  • “Effects of Securities Deregulation in Underwriting: An Analysis of SEC Rule 415,” 6 Journal of Regulatory Economics 27 (1994) with Wayne Marr and Annette Poulsen.
  • “The Voluntary Restructuring of Large Firms in Response to Performance Decline,” 47 Journal of Finance 891 (1992), with Larry Lang and Kose John.
  • “Prices are Property: The Organization of Financial Exchanges from a Transaction Cost Perspective,” 34 Journal of Law & Economics 591 (1991), with J. Harold Mulherin and James Overdahl.
  • “Lessons from Financial Economics: Materiality Reliance and Extending the Reach of Basic v. Levinson,” 77 Virginia Law Review 1017 (1991), with Jonathan Macey, Geoffrey Miller and Mark Mitchell.
  • “Who Owns the Quotes: A Case Study into the Definition and Enforcement of Property Rights at the Chicago Board of Trade,” 10 The Review of Futures Markets 108 (1991), with J. Harold Mulherin and James Overdahl .
  • “Consolidating Corporate Control: The Choice Between Dual-Class Recapitalizations and Going Private Transactions,” 27 Journal of Financial Economics 557 (1990), with Kenneth Lehn and Annette Poulsen.
  • “Shark Repellents and Managerial Myopia,” 98 Journal of Political Economy 1108 (1990), with Lisa Meulbroek, Mark Mitchell, Harold Mulherin and Annette Poulsen.
  • “Shareholder Wealth Effects of the 1986 Ohio Antitakeover Law Revisited: Its Real Effects,” 6 Journal of Law, Economics, and Organization 253 (1990), with Michael Ryngaert.
  • “Ending the Interest Deductibility of Debt Used to Finance Takeovers is Still a Bad Idea: The Empirical Evidence on Takeovers, Restrictions on Takeovers, and Restrictions on Deductibility of Interest,” 15 Journal of Corporation Law 219 (1990). 
  • “The Impact of Early Safety Legislation: The Case of the Safety Appliance Act of 1893,” 10 International Review of Law and Economics 61 (1990), with Philip Hersch.
  • “Triggering the 1987 Stock Market Crash: Antitakeover Provisions in the Proposed House Ways and Means Tax Bill?” 24 Journal of Financial Economics 37 (1989), with Mark Mitchell.
  • “Restrictions on Short Sales: The Role of the Uptick Rule in the Wake of the October 1987 Stock Market Crash,” 74 Cornell Law Review 799 (1989), with Jonathan Macey and Mark Mitchell.
  • “The Diffusion of Prohibition Laws Among the States,” 12 Research in Law and Economic­s 55 (1989), with Philip Hersch.
  • “Effects of State Corporation Laws: The Recent Experience,” 18 Financial Management 29 (1989), with Annette Poulsen.
  • “Issuer Open-Market Stock Repurchases and Insider Purchases at the Time of the 1987 Stock-Market Crash,” 18 Financial Management 84 (1989), with Mark Mitchell.
  • “The Market for Corporate Control: The Empirical Evidence Since 1980,” 2 Journal of Economic Persp­ectives 49 (1988), with Gregg Jarrell and James Brickley.
  • “Shareholder Wealth Effects of the Ohio Antitakeover Law,” 4 Journal of Law, Economics and Organization 373 (1988), with Michael Ryngaert.
  • “Shareholder Welfare and Substantial Share Acquisition Outside of the Williams Act,” 1988 Columbia Business Law Review 505 (1988), with Michael Ryngaert and David Malmquist.
  • “Price Fixing and Civil Damages: An Economic Analysis,” 40 Stanford Law Review 561 (1988), with Howard Marvel and Anthony Robinson.
  • “Insider Trading: The Law, The Theory, The Evidence,” 6 Contemporary Policy Issues 1 (1988), with Annette Poulsen and Philip Hersch. 
  • “Regulation 13D and the Regulatory Process,” 65 Washington University Law Quarterly 131 (1987), with Jonathan Macey.
  • “The Effects of Civil Sanctions on the Stability of Collusive Agree­ments,” 3 Review of Industrial Organization 67 (1987), with Philip Hersch.
  • “An Empirical Investigation of the Determinants of Adverse Possession Laws,” 6 International Review of Law and Economics 217 (1986), with Philip Hersch and William Manson.
  • “An Empirical Investigation of the Determinants of Congressional Voting On Federal Financing of Abortions and the ERA,” 14 Journal of Legal Studies 245 (1985).
  • “The Effects of Crime Rates on Time Served in Prison: An Empirical Analysis,” 39 Public Finance/Finances Publiques 314 (1984), with Philip Hersch.
  • “Political Competition and Advertising As a Barrier to Entry,” 50 Southern Economic Journal 510 (1983).
  • “Excessive Advertising: An Empirical Analysis,” 30 Journal of Industrial Economics 361 (1982).

Working Papers

 

Editorial appointments:

Managing Editor, Journal of Corporate Finance, 2001 - 2018