Anheuser-Busch Professor of Finance
McClelland Hall 315G
1130 E. Helen St.
P.O. Box 210108
Tucson, Arizona 85721-0108
Areas of Expertise
- Corporate finance
- Corporate governance
- Mergers and acquisitions
- Entrepreneurial finance
PhD in Finance, University of Oregon, 2002
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.
- FIN 480 Finance for New Ventures-Fall
- FIN 536 New Venture Finance-Fall
- FIN 620A Financial Markets and Corporate Finance-Fall
"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.