Kathleen Kahle

Kathleen Kahle joined the Eller College of Management as an associate professor in 2003 and was appointed the Thomas C. Moses Professor in Finance in 2014. Her research interests are corporate finance, capital structure, securities issues, repurchases, and insider trading. Her previous teaching experience includes the University of Pittsburgh. She earned her PhD in Finance from The Ohio State University in 1996.

Courses

• FIN 391 Preceptorship - Spring

Publications and Working Papers

• “Why Are Corporate Payouts So High in the 2000s?” with Rene Stulz. Journal of Financial Economics, 142, 1359-1380. 
• "Employee Compensation Still Impacts Payout Policy" with Alice Bonaime, David Moore and Alok Nemani, Critical Finance Review 13, 2024, 3-4.
• “Do board gender quotas affect firm value? Evidence from California Senate Bill No. 826,” with Vince Intintoli and Dan Greene, Journal of Corporate Finance, 60, February 2020.
• "Eclipse of the Public Corporation or Eclipse of the Public Markets?" with Craig Doidge, G. Andrew Karolyi, and René M. Stulz, Journal of Applied Corporate Finance, 30, no. 1, Winter 2018, 1-9.
•  "Director Connectedness: Monitoring Efficacy and Career Prospects” with Vincent Intintoli and Wanli Zhao, Journal of Financial and Quantitative Analysis, Vol. 53, no. 1, February 2018, 65-108.
• “Is the U.S. public corporation in trouble?” with René M. Stulz, Journal of Economic Perspectives, Vol. 31 (3), Summer 2017, 67-88.
• “Declining propensity to pay?  A re-examination of the lifecycle theory,” with Monica Banyi, Journal of Corporate Finance, Vol. 27, August 2014, 345-366.
• "The effect of demand for shares on the timing and underpricing of seasoned equity offerings,” with Vincent Intintoli and Shrikant Jategaonkar, Financial Management, Financial Management 43, no. 1, Spring 2014, 61-86.
• Access to capital, investment, and the financial crisis,” with René Stulz, Journal of Financial Economics, 2013, Vol. 110 (2), 280-299. [Lead Article]
• Seasoned equity offerings: the effect of inside ownership and float," with Vincent Intintoli, Financial Management, Vol. 39, No. 4, 2010, 1575-1599.
• "Measuring abnormal bond performance,” with Hendrik Bessimbinder, Bill Maxwell and Danielle Xu; Review of Financial Studies, Vol. 22, no. 10, October 2009, 4219-4258.
• “Why Do U.S. Firms Hold so Much More Cash than They Used to?” with Thomas W. Bates and Rene Stulz, Journal of Finance, Vol. 64, no. 5, October 2009, 1985-2022. [Lead Article]
• "Errors in Estimating Share Repurchases,” with Monica Banyi and Ed Dyl; Journal of Corporate Finance, Vol. 14, no. 4, September 2008, 460-474.
• "Non-Regular Employment and Payout Policy: Evidence from the Massachusetts Independent Contractor Law", with JiHoon Hwang. Management Science, forthcoming.