Sandy Klasa

Sandy Klasa joined the Eller College of Management in 2002 after earning his PhD in Finance from the University of Oregon. He was appointed the Anheuser-Busch Professor of Finance in Finance in 2013. His research focuses on corporate finance, corporate governance, mergers and acquisitions and entrepreneurial finance.

Courses

• FIN 480 Finance for New Ventures-Fall
• FIN 536 New Venture Finance-Fall
• FIN 620A Financial Markets and Corporate Finance-Fall

Publications 

• "Anticompetitive effects of horizontal acquisitions: the impact of within-industry product similarity," with Maryam Fathollahi and Jarrad Harford, Journal of Financial Economics, forthcoming.

• “Informed Trading Reactions to New Private Information: Evidence from Nonpublic Merger Negotiations,” with Shane Heitzman,  Management Science, Vol 67, No. 4., 2021, 2630-2656.

• “What determines the composition of a firm’s total cash reserves?,” with Laura Cardella and Douglas Fairhurst, Journal of Corporate Finance, Vol 68, 2021, Article 101924.

• “The protection of trade secrets and capital structure decisions,” with Hernan Ortiz-Molina, Matthew Serfling, and Shweta Srinivasan, Journal of Financial Economics, Vol. 128, No. 2, 2018, 266-286.

• “Are ex-ante CEO severance pay contracts consistent with efficient contracting?,” with Brian Cadman and John Campbell, Journal of Financial and Quantitative Analysis, Vol. 51, No. 3, 2016, 707-735.

• “Refinancing risk and cash holdings,” with Jarrad Harford and William Maxwell, Journal of Finance, Vol. 69, No. 3, 2014, 975-1012. [Lead Article–June Issue]

• “Industry concentration and corporate disclosure policy,” with Ashiq Ali and Eric Yeung, Journal of Accounting and Economics, Vol. 58, No. 2, 2014, 240-264.

• Corporate suppliers and customers and accounting conservatism,” with Kai Wai Hui and Eric Yeung, Journal of Accounting and Economics, Vol. 53, No. 1, 2012, 115-135.

• Determinants of CEO pay: A comparison of ExecuComp and non-ExecuComp firms,” with Brian Cadman and Steve Matsunaga, Accounting Review, Vol. 85 No. 5, 2010, 1511-1543.

• “The limitations of industry concentration measures constructed with Compustat data: Implications for finance research,” with Ashiq Ali and Eric Yeung, Review of Financial Studies, Vol. 22 No. 10, 2009, 3839-3871. [Lead Article–October Issue]

• "Do firms have leverage targets? Evidence from acquisitions,” with Jarrad Harford and Nathan Walcott, Journal of Financial Economics, Vol. 93 No. 1, 2009, 1-14. [Lead Article–July Issue]

• "The strategic use of corporate cash holdings in collective bargaining with labor unions,” with William Maxwell and Hernan Ortiz-Molina, Journal of Financial Economics, Vol. 92 No. 3, 2009, 421-442.

• "Institutional stakeholdings and better-informed traders at earnings announcements,” with Ashiq Ali and Oliver Zhen Li, Journal of Accounting and Economics, Vol. 46 No. 1, 2008, 47-61.