Home >> Experts >>Titman, Sheridan
Titman, Sheridan

McAllister Centennial Chair in Financial Services
University of Texas at Austin

stitman@saif.sjtu.edu.cn

Educational Background

Ph.D. in Economics, Carnegie Mellon University

Experience

Sheridan Titman holds the McAllister Centennial Chair in Financial Services at the University of Texas at Austin and is a Research Associate of the National Bureau of Economic Research. Prior to joining the faculty at the University of Texas, Sheridan was a Professor at UCLA, the Hong Kong University of Science and Technology and Boston College and spent the 1988-89 academic year in Washington D.C. as the special assistant to the Assistant Secretary of the Treasury for Economic Policy.

Honors / Achievements

GSAM best paper award for the Review of Finance
Batterymarch Fellowship

Short BIO

Sheridan Titman is a professor of finance at The University of Texas at Austin, where he holds the McAllister Centennial Chair in Financial Services at the McCombs School of Business, and is a research associate of the National Bureau of Economic Research.
Titman’s academic publications include both theoretical and empirical articles on asset pricing, corporate finance, and real estate, and have been widely recognized for their excellence. Sheridan has won the Smith-Breeden Prize for the best finance research paper published in the Journal of Finance, the GSAM best paper award for the Review of Finance and was a recipient of the Batterymarch Fellowship. Titman has served on the editorial boards of leading academic journals, including the Journal of Finance and the Review of Financial Studies. He is the Vice-President of the American Finance Association for 2011 and President for 2012, as well as the past President and Director of the Western Finance Association and a former Director of the Asia Pacific Finance Association. He has also co-authored two leading finance textbooks, Financial Markets and Corporate Strategy and Valuation: The Art and Science of Corporate Investment Decisions.

Publication

  • Joseph P.H. Fan, Sheridan Titman, and Gary Twite. 2012. An International Comparison of Capital Structure and Debt Maturity Choices.Journal of Financial and Quantitative Analysis 47(1), 23-56.

    Armen Hovakimian, Ayla Kayhan, and Sheridan Titman. 2012. Are Corporate Default Probabilities Consistent with the Static Trade-off Theory? Review of Financial Studies 25(2), 315-340.

    Ron Kaniel, Shuming Liu, Gideon Saar, and Sheridan Titman. 2012. Individual Investor Trading and Return Patterns around Earnings Announcements. Journal of Finance 67(2), 639-680.

    V. Ravi Anshuman, John Martin, and Sheridan Titman. 2011. Accounting for Sovereign Risk When Investing in Emerging Markets.Journal of Applied Corporate Finance 23(2), 41-49.

    Sheridan Titman and Christian Tiu. 2011. Do the Best Hedge Funds Hedge? Review of Financial Studies 24(1), 123-168.

    Jay C. Hartzell, Tobias Muhlhofer, and Sheridan Titman. 2010. Alternative Benchmarks for Evaluating Mutual Fund Performance. Real Estate Economics 38(1), 121-154.

    Andres Almazan, Aldolfo De Motta, Sheridan Titman, and Vahap Uysal. 2010. Financial Structure, Acquisition Opportunities, and Firm Locations. Journal of Finance 65(2), 529-563.

    Andy Chui, Sheridan Titman, and K.C. Wei. 2010. Individualism and Momentum around the World. Journal of Finance 65(1), 361-392.

    Sheridan Titman and Sergey Tsyplakov. 2010. Originator Performance, CMBS Structure, and the Risk of Commercial Mortgages.Review of Financial Studies 23(9), 3558-3594.

    Andres Almazan, Javier Suarez, and Sheridan Titman. 2009. Firms' Stakeholders and the Costs of Transparency. Journal of Economics & Management Strategy 18, 871-900.

    Ron Kaniel, Gideon Saar, and Sheridan Titman. 2008. Individual Investor Trading and Stock Returns. Journal of Finance 63, 273-310.

    John Martin and Sheridan Titman. 2008. Single vs. Multiple Discount Rates: How to Limit. Journal of Applied Corporate Finance 20, 79-83.

    Murray Carlson, Zeigham Khokher, and Sheridan Titman. 2007. Equilibrium Exhaustible Resource Price Dynamics. Journal of Finance 62, 1663-1703.

    David Hirshleifer, Avanidhar Subrahmanyam, and Sheridan Titman. 2007. Feedback and the Success of Irrational Investors. CFA Digest 37, 64-65.

    Tim Adam, Sudipto Dasgupta, and Sheridan Titman. 2007. Financial Constraints, Competition, and Hedging in Industry Equilibrium.Journal of Finance 62, 2445-2473.

    Andres Almazan, Adolfo de Motta, and Sheridan Titman. 2007. Firm Location and the Creation and Utilization of Human Capital.Review of Economics Studies 74, 1305-27.

    Ayla Kayhan and Sheridan Titman. 2007. Firms' histories and their capital structures. Journal of Financial Economics 83, 1-32.

    Fritz Foley, Jay C. Hartzell, Sheridan Titman, and Garry Twite. 2007. Why Do Firms Hold So Much Cash? A Tax-Based Explanation.Journal of Financial Economics 86, 579-607.

    Jay C. Hartzell, Sun, Libo, and Sheridan Titman. 2006. The Effect of Corporate Governance on Investment: Evidence from Real Estate Investment Trusts. Real Estate Economics 34, 343-376.