Wayne State University School of Business Administration

Margaret A. Smoller

Interim Associate Dean for Undergraduate Programs;
Associate Professor of Finance

m.smoller@wayne.edu
(313) 577-6036

Academic Degrees

  • Ph.D., University of Florida, 1981
  • MBA, University of Toronto, 1976
  • BA, Queen's University, 1973

Teaching Interests

  • Corporate Finance
  • Futures and Options
  • Investments

Research Interests

  • Market Efficiency
  • Market Microstructure
  • Derivatives Pricing
  • Derivatives Use

Publications & Presentations

  • "Firm characteristics, market conditions and the pattern of performance after seasoned equity offers," (with Bayless and Price), 2005, Applied Financial Economics.
  • "Purposeful Unintended Consequences with Innovative Derivatives," (with Osborn and Price) 2001, Thunderbird International Business Review, special issue on "Derivatives and Risk Management.
  • "Market Volatility and the Demand for Hedging in Stock Index Futures: Commentary," 1998, Chicago Board of Trade Spring Research Symposium Proceedings.
  • "Share Price and Mortality: an Empirical Evaluation of Newly-Listed NASDAQ Stocks," (with Seguin), 1997, Journal of Financial Economics.
  • "The Probability of Mean Reversion in Equilibrium Asset Prices and Returns: Commentary," 1997, Chicago Board of Trade Spring Research Symposium Proceedings.
  • "Is There a Term Structure of Futures Volatility?s? Reevaluating the Samuelson Hypothesis," (with H. Bessembinder, J. Coughenour and P. Seguin), 1996, Journal of Derivatives.
  • "Term Premia in Eurodollar Futures Prices," (with B. Lauterbach), 1996, Applied Financial Economics.
  • "Measures of Risk and Return Surrounding Seasoned Equity Issues", (with Bayless and Price), 1996, Financial Management Association Meeting.
  • "Mean Reversion in Equilibrium Asset Prices: Evidence from the Futures Term Structure," (with H. Bessembinder, J. Coughenour and P. Seguin), 1995, The Journal of Finance.
  • "Futures Price Volatility and Spot Price Stationarity: Reevaluating the Samuelson Hypothesis," (with H. Bessembinder, J. Coughenour and P. Seguin), 1995, Chicago Board of Trade Fall Research Symposium Proceedings.
  • "The Peculiar Persistence of Catastrophic Trading Strategies: Commentary," 1995, Chicago Board of Trade Research Symposium Proceedings.
  • "Intraday Volatility in Interest Rate and Foreign Exchange Spot and Futures Markets: Commentary," 1994, Chicago Board of Trade Research Symposium Proceedings.
  • "Mean Reversion in Equilibrium Asset Prices: Evidence from the Futures Term Structure," (with H. Bessembinder, J. Coughenour and P. Seguin), 1993, Financial Management Association Meetings.
  • "The Profitability of Volatility Spreads Around Information Releases," 1992, The Journal of Futures Markets.
  • "A Transaction Data Examination of the Weekend Effect in Futures Markets," (with B. Lauterbach), 1989, The Review of Futures Markets.