Assistant Professor of Finance
Research Interests: applied econometrics, consumer credit, corporate finance, industrial organization
Address: 2338 Steinberg-Dietrich Hall, 3620 Locust Walk, Philadelphia, PA 19104
Office: (215) 898-1118
Ph.D., Stanford University, 2010
B.S.E., Duke University, 2001
Academic Positions Held
Research Associate, The Brattle Group, 2001-2004
Mark Jenkins, David Smith (Working), Creditor Conflict and the Efficiency of Corporate Reorganization. Abstract
Mark Jenkins (Working), Measuring the Costs of Ex Post Moral Hazard in Subprime Lending.
Awards And Honors
- Excellence in Teaching Award for the Undergraduate Division, 2013
FNCE399 - Supervised Study in Finance
Integrates the work of the various courses and familiarizes the student with the tools and techniques of research.
FNCE891 - ADVANCED STUDY PROJECT - CORPORATE RESTRUCTURING
The objective of this course is to familiarize students with financial, legal and strategic issues associated with the corporate restructuring process. The main focus of the course will be on the restructuring of financially distressed firms. We'll begin by reviewing the financial instruments commonly used by risky firms (leveraged loans and high-yield bonds) and learn to interpret the contracts that govern them. We'll then survey a variety of restructuring methods (out-of-court workouts, exchange offers, prepackaged and pre-negotiated bankruptcies, Chapter 11 reorganizations, international insolvency practices) available to troubled firms and study the dynamics of the restructuring process through a number of historical and current case studies. Finally, we'll consider distressed debt as an asset class and develop techniques for investing in distressed securities. The course will provide students with tools to value distressed companies, understand the legal framework governing bankruptcy and reorganization, and navigate the key strategic issues facing managers and investors in distressed companies. It willalso provide students with a specialized vocabulary and important facts about the restructuring industry, distress investing, and leveraged financial markets.