Alice Bonaime

Associate Professor of Finance

Degrees

Ph.D. in Finance, University of Florida
Certificate of Applied Statistics, University of South Carolina
International MBA, University of South Carolina
B.S in Mathematics, B.A. in French, College of Charleston

Areas of Expertise

  • Empirical Corporate Finance
  • Payout Policy
  • Mergers and Acquisitions
  • Insider Trading

Courses

FIN 391 - Preceptorship - Fall
FIN 412 Corporate Financial Problems - Fall
FIN 512 Advanced Corporate Finance - Fall

Working Papers

Commitment versus Financial Flexibility in Payout Decisions: Evidence from Rule 10b5-1 Preset Repurchase Plans, with Jarrad Harford and David Moore. Revision requested, Management Science.

Why do Firms Disagree with Short Sellers? Managerial Myopia versus Private Information, with Leonce Bargeron.

The Evolution of Employee Compensation, Dilution, and Payout Policy, with Kathleen Kahle, David Moore, and Alok Nemani.

Publications

Does Policy Uncertainty Affect Mergers and Acquisitions?, with Huseyin Gulen and Mihai Ion. Forthcoming, Journal of Financial Economics.

The Timing and Source of Long-run Returns Following Repurchases, with Leonce Bargeron and Shawn Thomas, Journal of Financial and Quantitative Analysis, 2017, 52, 491--517.

The Cost of Financial Flexibility: Evidence from Share Repurchases, with Kristine Hankins and Bradford Jordan, Journal of Corporate Finance, 2016, 38, 345--362.

Mandatory Disclosure and Firm Behavior: Evidence from Share Repurchases, The Accounting Review, 2015, 90, 1333--1362.

Capital Structure, Equity Mispricing, and the Gains to Stock Repurchases, with Ozde Oztekin and Richard Warr, Journal of Corporate Finance, 2014, 26, 182--200.

Financial Flexibility, Risk Management, and Payout Policy, with Kristine Hankins and Jarrad Harford, Review of Financial Studies, 2014, 27, 1047--1101. 

Insider Trading and Share Repurchases: Do Insiders and Firms Trade in the Same Direction? with Michael D. Ryngaert, Journal of Corporate Finance, 2013, 22, 35--53.

Repurchases, Reputation and ReturnsJournal of Financial and Quantitative Analysis, 2012, 47, 469--491.