Jennifer E. Bethel - the Babson College Faculty Web Server

Jennifer E. Bethel
Babson College
Babson Park, MA 02457
(781) 239-5797
Fax (781) 465-6020
Professional Experience
2008- Professor, Babson College, Wellesley, MA
1999-2008 Associate Professor, Babson College, Wellesley, MA
1996-1999 Economist/Chief Economist, Division of Corporation Finance, U.S.
Securities and Exchange Commission, Washington, D.C.
1994-1996 Assistant Professor, Babson College, Wellesley, MA
1992-1994 Assistant Professor, New York University, New York, NY
1990-1992 Management Consultant, Temple, Barker & Sloane
(currently Mercer Management Consulting), Lexington, MA
1989-1990 Postdoctoral Fellow, Harvard Business School, Boston, MA
Education
1990 Ph.D. Finance; University of California, Los Angeles
1987 M.A. Economics; University of California, Los Angeles
1982 B.B.A. Finance (Summa Cum Laude); University of Texas, Austin
Publications and Working Papers
“The Effects of Ownership Structure on Corporate Restructuring,” with J. Liebeskind,
Strategic Management Journal, 1993, 14, 15–31.
“The Impact of CEO, Top Management Team, and Board of Director Turnover on
Corporate Restructuring,” with V. Rindova, International Federation of Scholarly
Associations of Management Proceedings 1994.
“The Use of Heuristics in Capital Budgeting: The Case of Ranking Projects by IRR,”
with D. Asquith, Engineering Economist, 1995, 40 (3), 287–294.

“Diversification and the Legal Organization of the Firm,” with J. Liebeskind,
Organization Science, 1998, 9 (1), 49–67. Academy of Management Best Papers
Proceedings 1994.
“Block Share Purchases and Corporate Performance,” with J. Liebeskind and T. Opler,
Journal of Finance, 1998, 53 (2), 605–634. Nominated for “Best Paper” of 1998 in the
Journal of Finance; Reprinted in The International Library of Critical Writings in
Financial Economics, Series Editor - Richard Roll, Volume Editor - Michael J. Brennan.
Edward Elgar Publishing Limited, Cheltonham, U.K., 2000.
“Express Lane or Tollbooth in the Desert? The SEC’s Framework for Security Issuance,”
with E. Sirri, Journal of Applied Corporate Finance, 1998, 11 (1), 25–38.
“The Impact of the Institutional and Regulatory Environment on Shareholder Voting”
with S. Gillan, Financial Management, 31 (4), Winter, 2002, 29-54. (Previous version,
“Does Managerial Control of the Proxy Process Disenfranchise Shareholders”). Winner
of the McGraw-Hill/Irwin “Best Paper in Business Finance” for the Financial
Management Association 2000 Annual Meeting
“Corporate Voting’s Dimpled Chad? The Broker Vote and Beyond,” with S. Gillan,
Corporate Governance Bulletin, Volume XXII (1), March-May 2004, 10-12.
“Recent Changes in Disclosure Regulation: Description and Evidence” Journal of
Corporate Finance, 13, 2007, 335–342.
“Policy Issues Raised by Structured Products,” with A. Ferrell, Brookings-Nomura
Papers on Financial Services, Yasuki Fuchita, Robert E. Litan, eds., Brookings
Institution Press, 2007.
“Managing the Costs of Issuing Common Equity: The Role of Registration Choice,” with
L. Krigman, Quarterly Journal of Finance and Accounting, 47 (4), 2009, 57-85.
“The Market for Shareholder-Voting Rights Around Mergers and Acquisitions: Evidence
from Institutional Daily Trading and Voting,” with G. Hu and Q. Wang, Journal of
Corporate Finance, 15, 2009, 129-145. (Received grant from Yale University’s Millstein
Center for Corporate Governance and Performance).
“Legal and Economic Issues in Litigation Arising from the 2007-2008 Credit Crisis,”
with A. Ferrell and G. Hu, Forthcoming in Brookings-Nomura Papers on Financial
Services, Brookings Institution Press, 2009 (Translated into Japanese. Translated into
Chinese: Comparative Studies, 39, December 2008, 54-96, China CITIC Press).
“The Contribution of Investment Bank and Investor Incentives to Boom-and-Bust
Cycles,” with L. Krigman, Under review at Financial Review.
“Relationship Investing, Corporate Change, and Shareholder Value,” with S. Gillan.
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Case Studies and Notes
Technical Note: Accounting for the Purchase or Sale of Stock in a Subsidiary
The Boston Beer Company (A), BAB026, 1997, Revised 2002
The Boston Beer Company (B), BAB027, 1997, Revised 2002
The Boston Beer Company, Teaching Note, BAB026 and BAB027, 2002
Selected Professional Activities and Service
Member of American Finance Association; Financial Management Association; Western
Finance Association.
Work presented at Brookings-Tokyo Club-Wharton Conference on Securitzation after the
2008 Financial Crisis, Brookings Institution (2008), Harvard Law School (2008), Duff &
Phelps Subprime Summit (2008), Federalist Society (2008), Financial Management
Association Meetings (2008), CRA International (2008), Cornerstone Research (2008),
Skadden, Arps, Slate, Meagher & Flom, LLP (2008), Corporate Control, Mergers and
Acquisitions conference sponsored by Journal of Corporate Finance (2008), Midwest
Finance Association Meetings (2008), Shareholders and Corporate Governance:
Research Agenda and Conference at Oxford University (2007), Structured Products
Association (2007), U.S. Securities & Exchange Commission - Training series for Office
of Compliance and Inspection (2007), Boston Securities Analysis Society (2007), Bond
Desk Group (2007), Boundaries of SEC Regulation Conference at Claremont McKenna
College (2006), Brookings-Tokyo Club-Wharton Conference on New Financial
Instruments and Institutions, Brookings Institution (2006), Western Finance Association
Meetings (2002), University of Delaware (2001), Contemporary Corporate Governance
Issues Conference at Dartmouth’s Tuck School of Business (2000), Financial
Management Association Meetings (2000), Council of Institutional Investors Annual
Meeting (2000), New York University (2000), Rutgers University (2000), U.S. Securities
& Exchange Commission (2000), Vanderbilt University conference on Financial Markets
and the Corporation (1998), Boston College (1995), Financial Management Association
Meetings (1995), French Finance Association Meetings (1995), Strategic Management
Society Meetings (1995), Academy of Management Conference (1994), Academy of
Management Conference (1994), Strategic Management Society Meetings (1993),
Restructuring Conference at The Wharton School, University of Pennsylvania (1992),
Financial Management Association Meetings (1991), Symposium at the Academy of
Management Conference (1991), Strategic Management Society Meetings (1989).
Session Chair, Financial Management Association Meeting (2000-2005); Program
Committee, Financial Management Association Meeting (2000-2005, 2007, 2008).
Served on “Best Paper in Corporate Finance” Review Committee for Financial
Management Association Meeting (2003) and “Best Paper in Investments” Review
Committee for Financial Management Association Meeting (2004).
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Selected “Who’s Who in Business Higher Education” (2003).
Recipient of “Capital Markets Award,” U.S. Securities and Exchange Commission
(1998).
Selected for “Women in the History of the SEC” by the U.S. Securities and Exchange
Commission (2003).
Member of Advisory Council for the Sarbanes-Oxley Act Task Force, sponsored by the
American Health Lawyers Association. (2003-2006).
Ad Hoc Reviewer for the Journal of Finance, Financial Management Journal, Journal of
Business, Journal of Corporate Finance, Journal of Financial Research, Academy of
Management Journal, Academy of Management Review, Strategic Management Journal,
Journal of Management, Organization Science, and National Science Foundation.
Selected Consulting and Board Activities
Arthur Andersen, L.L.P., U.S. Securities & Exchange Commission, AT&T, New England
Business Systems, everpath, Inc.; Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.;
Todd & Weld, LLC; Skadden, Arps, Slate, Meagher & Flom, LLP, BondDesk.
Finance Division Chairperson (2000-2003)
Selected Babson College Service
Faculty Program Director, Lucent Technologies Masters of Science in Management with
a Concentration in Finance, Babson College (2000-2001)
Member of Board of Trustees Undergraduate School Committee (2005-2007)
Babson Faculty Research Fund (2005-2008)
Ad Hoc Task Forces
Dean of Faculty Nominating Committee (2003)
Provost Nominating Committee (2005)
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