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Stephen, Sheryl-Ann

Associate Professor - Finance BBA
College of Business

skstephe@butler.edu
317/940-9855

Holcomb Building - 220



Resumé/Vitae

Academic/Professional/Personal Focus

Areas of Expertise

Teaching Interests:  Business Finance, Corporate Finance, Financial Management, Money and Capital Markets, Financial Institutions and Markets, International Finance

 

Research Interests: Corporate Control and Governance, Corporate Fraud, Security Analyst Behavior, Market Efficiency, Corporate Finance, Venture Capital and Private Equity Funds, Hedge funds

Contributions: (published works or studies, conference presentations)

Publications 

·       Stephen, S. A. and V. Apilado, 2013. “The Sarbanes-Oxley Act, Security Analyst Monitoring Activity, and Firm Value”, Journal of Applied Business and Economics, 14(1), Forthcoming.

·       Stephen, S. A. and V. Apilado, 2012. “Financial Analysts' Performance post Sarbanes-Oxley”, Journal of Accounting and Finance, 12(2), Forthcoming. 

·       Stephen, S. A. and P. J. de Jong, 2012. “The Impact of the Sarbanes-Oxley Act (SOX) on the Cost of Equity Capital of S&P Firms”, Journal of Applied Business and Economics, 13(2): 102-115.

·       De Jong, P. J. and S. A. Stephen, 2010. “Market Value, Intangibles, and Security Analysts:  A Stochastic Frontier Analysis”, 2010. Independent Business Review, 3(1): 84-94.  

RESEARCH PRESENTATIONS

1. “Financial Analysts’ Performance Post Sarbanes-Oxley”, with Vince Apilado

·       Presented at the 2011 Southern Finance Association conference, Key West, FL

2. “The Sarbanes-Oxley Act, Firm Size, and the Cost of Equity Capital”, with Pieter de Jong

·       Presented at the 2010 Eastern Finance Association conference, Miami, FL

3. “The Impact of the Sarbanes-Oxley Act on Security Analysts’ Performance”, with Vince Apilado

·       Presented at the 2008 Financial Management Association conference, Grapevine, TX

 4. “Stock Split Announcements, Split Ratios and the Existence of Options Markets”, with Salil Sarkar

·       Presented at the 2006 Academy of Economics and Finance conference, Houston, TX

OTHER CONFERENCE PARTICIPATION

·       Discussant, 2012 Southern Finance Association Annual Meeting, Charleston, SC

·       Discussant, 2011 Southern Finance Association Annual Meeting, Key West, FL 

·       Discussant, 2010 Financial Management Association Annual Meeting, New York, NY 

·       Discussant, 2010 Eastern Finance Association Annual Meeting, Miami, FL 

·       Discussant, 2008 Financial Management Association Annual Meeting, Grapevine, TX

·       Discussant, 2006 Financial Management Association Annual Meeting, Salt Lake City, UT

·       Discussant, 2005 Financial Management Association Annual Meeting, Chicago, IL

 PAPERS UNDER REVIEW 

·       “Enhancing The Learning Experience In Finance Using Online Video Clips”, 2012.  Journal of Financial Education. (Sole Author)

WORKING PAPERS

·       “Stock Splits and Options: The Impact on Market Efficiency”, 2011. With Salil K. Sarkar.

 

·        “Effects of Interest on Reserve Deposits on Bank Lending”, 2012. With Isaac Marcelin.

 

·       Bank Liquidity and Interest on Reserve Deposits”, 2012. With Isaac Marcelin.

 

·       “The Financial Crisis and the Impact on Developing Countries: The Caribbean Perspective”, 2010. (Sole Author)

 


Butler Assignment (classes or work duties)
I teach Corporate Finance (FN 340), Financial Institutions and Markets (FN 371 and MBA 561), and Financial Management (MBA 530).

Personal Hobbies
I enjoy reading, traveling and watching sports.


Education/Experience

Education/Degrees

Ph.D. (Finance) - University of Texas at Arlington (Arlington, TX)

MBA - Saint Mary's University (Halifax, N.S. Canada)

B.Comm (Finance and Economics) -  Saint Mary's University (Halifax, N.S. Canada)

Awards/Honors
Saint Mary's University Graduate Award

Association Memberships (professional/educational)

Financial Management Association (FMA)

Western Finance Association (WFA)

Midwest Finance Association (MFA)

Southern and Southwestern Finance Association

Eastern Finance Association