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Faculty Directory

Paul Malatesta
Office: 200
Dempsey 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 Emeritus of Finance and Business Economics

Education

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

Academic Expertise

corporate governance

Current Research

Dual Class Shares and Corporate Innovation, Deregulation and the Cost of Debt

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 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.
  3. “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.
  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. “Managerial Succession and Firm Performance“
    Journal Article:Huson, M., Malatesta, P., & Parrino, R., (2004). Journal of Financial Economics, Vol. 74(2), pp. 237-275.
  6. “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.
  7. “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.
  8. “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.
  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 Faculty Fellow in Finance, 1997 – 2016
Norman J. Metcalfe Endowed Professor of Finance, 2016 – present
Jensen Prize for the best paper published in the Journal of Financial Economics during the year 2011 in the areas of corporate finance and organizations (first prize)

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