Faculty Directory

Paul Malatesta

 

Office: 510 PACCAR Hall
Phone: 206-685-1987
Fax: 206-543-7472
Email: phmalat(at)uw.edu

Foster School of Business
University of Washington
Box: 353226
Seattle, WA 98195-3226

“Governments do more evil in the attempt to foster collective welfare than do individuals in pursuit of private gain. Enlightened greed is the greatest force in human society, acting to promote both individual and collective welfare.”

Paul Malatesta

Professor of Finance
Norman J. Metcalfe Professor in Finance

Education

PhD University of Rochester (1982)
MS University of Rochester (1976)
BA University of California, Santa Barbara (1973)

Academic Expertise

corporate governance

Current Research

Private placements, Stock price reactions to earnings components, Managerial turnover and firm performance.

Positions Held

At the University of Washington since 1980
Visiting scholar at Arizona State University, 1997
economics instructor at Colgate University, 1977-1980
Research Associate for Weyerhaeuser’s Pension Fund Investments Group, 1988-1991

Selected Publications

  1. Corporate Ownership Structure and the Choice between Bank Debt and Public Debt
    Journal Article: Lin, C., Malatesta, P., & Xuan, Y., (2013). Journal of Financial Economics, Vol. 109(2), pp. 517-534.
  2. Corporate Investment, Government Control, and Financing Channels: Evidence from China’s Listed Companies
    Journal Article: Firth, M., Malatesta, P., Xin, Q., & Xu, L., (2012). Journal of Corporate Finance, Vol. 18(3), pp. 433-450.
  3. Corporate Ownership Structure and Bank Loan Syndicate Structure
    Journal Article: Lin, C., Malatesta, P., & Xuan, Y., (2012). Journal of Financial Economics, Vol. 104(1), pp. 1-22.
  4. Firm Values and Sovereign Wealth Fund Investments
    Journal Article: Dewenter, K., Han, X., & Malatesta, P., (2010). Journal of Financial Economics, Vol. 98(2), pp. 256-278.
  5. Earnings Management, Stock Issues, and Shareholder Lawsuits
    Journal Article: DuCharme, L.L., Malatesta, P.H., and Sefcik, S., (2004). Journal of Financial Economics, Vol. 71(1), pp. 27-49.
  6. Managerial Succession and Firm Performance
    Journal Article: Huson, M., Malatesta, P., & Parrino, R., (2004). Journal of Financial Economics, Vol. 74(2), pp. 237-275.
  7. Earnings Management: IPO Valuation and Subsequent Performance
    Journal Article: DuCharme, L.L., Malatesta, P.H., and Sefcik, S., (2001). Journal of Accounting, Auditing, and Finance, Vol. 16(4), pp. 369-396.
  8. State-Owned and Privately-Owned Firms: An Empirical Analysis of Profitability, Leverage, and Labor Intensity
    Journal Article: Dewenter, K., & Malatesta, P., (2001). The American Economic Review, Vol. 91(1), pp. 320-334.
  9. Public Offerings of State-Owned and Privately-Owned Enterprises: An International Comparison
    Journal Article: Dewenter, K., & Malatesta, P., (1997). Journal of Finance, Vol. 52(4), pp. 1659-1679.
  10. Corporate Governance and Shareholder Initiatives: Empirical Evidence
    Journal Article: Karpoff, J. M., Malatesta, P., & Walkling, R., (1996). Journal of Financial Economics, Vol. 98(2), pp. 256-278.

Consulting

Eastman Kodak, litigation support
U.S. Navy, economic analysis of the selective reenlistment bonus program

Honors and Awards

Norman J. Metcalfe Endowed Fellowship in Finance, 1997-present

Academic Service

Managing editor of the Journal of Financial and Quantitative Analysis, 1987-present
Program committee member of the American Finance Association, 1991, 1993-1995
Executive committee member of the Western Finance Association, 1987-1988