Shane Underwood
- Specialty Areas:
Market Microstructure, Corporate Finance
- Education:
University of Alabama (B.S.), Wharton School, University of Pennsylvania (M.A. and Ph.D.)
- Honors, Achievements and Affiliations:
Dr. Underwood has published articles in leading finance journals including the Journal of Financial Economics, Journal of Financial and Quantitative Analysis, and the Jouranl of Financial Markets. He is a member of the American Finance Association, Western Finance Association, and Financial Management Association. A 1999 graduate of the University of Alabama, Dr. Underwood earned his Ph.D. from the Wharton School of the University of Pennsylvania in 2004. Prior to returning to Alabama, he served on the faculty at the Jones Graduate School of Business at Rice University where he taught corporate finance in the executive MBA program. He has also taught personal finance courses for members of the NFL's Houston Texans.
Selected Publications
- “Geographic Proximity and Price Discovery: Evidence from Nasdaq.” (With Amber Anand, Vladimir Gatchev, Leonardo Madureira, and Christo Pirinsky.) Journal of Financial Markets. May 2011.
- “Has the Propensity to Pay Out Declined?” (With Gustavo Grullon, Bradley Paye, and James Weston.) Journal of Financial and Quantitative Analysis. February 2011.
- “The Relative Informational Efficiency of Stocks and Bonds: An Intraday Analysis.” (With Chris Downing and Yuhang Xing.) Journal of Financial and Quantitative Analysis. October 2009.
- “The Cross-Market Information Content of Stock and Bond Order Flow.” Journal of Financial Markets. May 2009.
- “Information, Sell-Side Research, and Market Making.” (With Leonardo Madureira.) Journal of Financial Economics. November 2008.
- “Price Discovery in the Treasury Futures Market.” (With Michael Brandt and Kenneth Kavajecz.) Journal of Futures Markets. November 2007.