Chester S. Spatt

Pamela R. and Kenneth B. Dunn Professor of Finance

PHONE

412-268-8834

OFFICE

POS - Posner Hall - Room 257A

AREA OF EXPERTISE

Finance

EDUCATION

University of Pennsylvania - Ph D (Economics) - 1979
University of Pennsylvania - MA (Economics) - 1976
Princeton University - BA (Economics) - 1975

PUBLICATIONS

See More

WORKING PAPERS

  • "A Solution to the Palm-3Com Spin-off Puzzles,"

    (author(s): Chester Spatt, M. Cherkes, C. Jones) 2013

  • "Bid-Ask Spreads and the Pricing of Securitizations: 144A vs. Registered Securitizations,"

    (author(s): Chester Spatt, Burton Hollifield, Artem Neklyudov) 2013

  • "Opacity, Credit Rating Shopping and Bias"

    (author(s): Chester Spatt, F. Sangiorgi) 2013

  • In preparation, "An Economic Assessment of the Dodd-Frank Act," soliticted by Critical Financial Review

    2013

See More

AWARDS AND HONORS

  • Appointment to Systemic Risk Council (chaired by Sheila Bair, former FDIC chair) (2012)
  • "Optimal Asset Location and Allocation with Taxable and Tax-Deferred Investing" with R. Dammon and H. Zhang from TIAA/CREF for Outstanding Scholarly Writing on Issues Related to Lifelong Financial Security - 2004 Paul A. Samuelson Award (2004)
  • "Optimal Consumption and invesment with Capital Gains Taxes" with R. Dammon and H. Zhang for Barclays Global Investors/Michael Brennan Best Paper Prize for Volume 14 (2001) of the Review of Financial Studies - Runnerup Award (2001)
  • "Equilibrium Forward Curves for Commodities" with B. Routledge and D. Seppi as Best Paper Presented at the 1998 meetings of the Institute for Quantitative Research in Finance - First-Prize-Roger Murray Award (1998)
See More

PROFESSIONAL ACTIVITIES

  • Committee Member, U.S. Securities and Exchange Commission (SEC), Equity Market Structure Advisory Committee (2015 -)
  • Committee Member, Office of Financial Research , Advisory Committee (2014 -)
  • Member, Federal Reserve Bank's Model Validation Council (2012 - 2015)

COURSES TAUGHT

  • EC REG FIN MKTS (73353)
    2015 Section: A
  • Real Estate (45826)
    2015 Mini 3 Section: A
    2014 Mini 3 Section: A
    2013 Mini 3 Section: A
  • Financial Regulation (45923)
    2014 Mini 1 Section: E
    2013 Mini 1 Section: E
  • Seminar in Finance III (47723)
    2014 Mini 1 Section: A
    2012 Mini 1 Section: A
See More
Chester Spatt