Roger edelen, pHd

Assistant Professor - Finance Department

Roger Edelen is an Assistant Professor in the Finance department at The Carroll School of Management. He holds a PhD in Finance from the University of Rochester and an MBA and B.S. in Mathematics from the University of Texas at Austin. Prior to coming to Boston College, Dr. Edelen gained four years of experience in the investment management industry and was an Assistant Professor of Finance at the Wharton School, University of Pennsylvania. His professional experiences include Director of Research at ReFlow Management, a mutual fund liquidity service provider; Director of Enhanced Equity Strategies at Mellon Capital Management; Litigation and financial product development consulting; and options trading with O’Connor and Associates, a Chicago-based market making firm (now Swiss Bank).

Dr. Edelen's primary research interest is institutional investing. Much of his work has focused on the influence of operational and organizational factors on mutual fund performance, particularly relating to funds’ trading practices and shareholder flow. His research also includes the role of agency conflicts in secondary-market trading, and pricing dynamics in primary offerings. His teaching interests are investments and derivative securities.

Sample publications:

"Issuer Surplus and the Partial Adjustment of IPO Prices to Public Information." (With G. Kadlec) Journal of Financial Economics 77 (2005) 347-373.

"The Role of Trading Halts in Monitoring a Specialist Market." (With S. Gervais) Review of Financial Studies, 16 no. 1 (2003) 263-300.

"Aggregate Price Effects of Institutional Trading: A Study of Mutual Fund Flows and Market Returns.'' (With J. Warner) Journal of Financial Economics 59 (2001) 195-221.

"On the Perils of Intermediaries Setting Security Prices: The Mutual Fund Wildcard Option." (with J. Chalmers and G. Kadlec) Journal of Finance 61 (2001) 2209-2236.

"Investor Flows and the Assessed Performance of Open-end Fund Managers." Journal of Financial Economics, 53 (1999) 439-466.

Carroll School of Management
Fulton Hall 330B
140 Commonwealth Ave.
Chestnut Hill, MA 02467
roger.edelen@bc.edu
Phone: 617-552-3985
Personal webpage: http://www2.bc.edu/~edelenr/