Faculty Profile

		Janet Kiholm Smith, Ph.D. Von Tobel Professor of Economics E-mail: janet.smith@claremontmckenna.edu Phone: (909) 607-3276 Campus Address: Bauer Center 309 Departments: Robert Day School of Economics and Finance Curriculum Vitae
		Office Hours Monday 3:00 PM - 6:00 PM Current Course Schedule Econ 430 W- 1:15 PM - 4:00 PM  RHS 104

Educational Background

B.S., University of Utah, Salt Lake City; Ph.D., University of California, Los Angeles

Teaching Interests

• Economics of Strategy
• Advanced Topics in Financial Economics
• Industrial Organization
• Microeconomics

Research Interests

• Economics of contracts
• Financial economics

Selected Research and Publications

• BOOKS AND ARTICLES
• "Public Information, IPO Price Formation, and Long-run Returns: Japanese Evidence," with K. Kutsuna and R. Smith, The Journal of Finance, forthcoming.
• "What's in Your 403(b)? Academic Retirement Plans and the Costs of Underdiversification," with J. Angus, W. Brown, R. Smith, Financial Management, 36 (2007): 87-124.
• "Evaluating the Boundaries of SEC Regulation," Journal of Corporate Finance, 13 (2007): 189-194.
• "Banking Relationships and Access to Equity Capital Markets: Evidence from Japan's Main Bank System," with K. Kutsuna and R. Smith, Journal of Banking and Finance, 31 (2007): 335-360.
• "Corporate Philanthropic Practies," with W. Brown and E. Helland, forthcoming, Journal of Corporate Finance, 12 (2006): 855-877.
• Entrepreneurial Finance, (with R. Smith) John Wiley & Sons, 1st ed, 2001, 2d ed, 2004.
• "Are NBA Fans Becoming Indifferent to Race? Evidence from the 1990s," (with R. Burdekin and R. Hossfeld), Journal of Sports Economics, 6 (2005): 144-159.
• "Opportunity Cost of Capital for Venture Capital Investors and Entrepreneurs," (with F. Kerins and R. Smith), Journal of Financial and Quantitative Analysis, 39 (2004): 385-405.
• "The SEC's 'Fair Value' Standard for Mutual Fund Investment in Restricted Shares and Other Illiquid Securities," (with R. Smith and K. Williams), Fordham Journal of Corporate & Financial Law, 6 (2001): 421-474.
• "Competitive Impact of Strategic Restructuring: Evidence from the Telecommunications Industry," (with M. Hertzel and R. Smith) Industrial and Corporate Change, 10 (2001): 207-246.
• "Evidence on the Determinants of Credit Terms Used in Interfirm Trade," (with C. Ng and R. Smith) Journal of Finance, 54 (June 1999), 1109-1129, abstracted in CFO Europe, July 1999.
• "Decisions to Retain Attorneys and File Lawsuits: An Examination of the Comparative Negligence Rule in Accident Law," (with S. Low)Journal of Legal Studies, 14 (June 1995), 535-557.
• "An Empirical Examination of Organizational Structure: The Economics of the Factoring Decision," (with C.Schnucker) Journal of Corporate Finance, 1 (March 1994): 119-138.
• "Industry Effects of Interfirm Lawsuits: Evidence from Pennzoil v. Texaco," Journal of Law, Economics and Organization, (with M. Hertzel), 9 (October 1993), 425-444.
• "Trade Credit," The New Palgrave Dictionary of Money and Finance, eds. P. Newman, M. Milgate and J. Eatwell, London: MacMillan Press (1992).
• "The Effect of Gender-Sorting on Propensity to Co-author an Implications for Academic Promotion," (with J. McDowell), Economic Inquiry, 30 (January 1992), 68-92.
• "Factoring," The New Palgrave Dictionary of Money and Finance, 1992.
• "Trade Credit and Informational Asymmetry," Journal of Finance, 42 (September 1987), 863-872.
• "Contract Law, Mutual Mistake, and Incentives to Produce and Disclose Information," Journal of Legal Studies, (with R. Smith) 19 (June 1990), 467-488.
• "A Theory of Ex Post Versus Ex Ante Price Determination," Economic Inquiry, (with Richard L. Smith) 23 (January 1985), 57-67.
• "The Pricing of Legal Services: A Contractual Solution to the Problem of Bilateral Opportunism, Journal of Legal Studies, (with Steven R. Cox) 14 (January 1985), 167-183.
• "State and Local Fiscal Policy: Implications for Property Values and Economic Growth," Public Finance Quarterly, (with Richard L. Smith) 12 (January 1984), 51-76.
• "Investor Preference for Large Firms: New Evidence on Economies of Size," Journal of Industrial Economics, (with Mark R. Reinganum) 32 (December 1983), 213-227.
• "An Analysis of State Regulations Governing Liquor Store Licensees," (with M. Reinganum) Journal of Law and Economics, 25 (October 1982), 301-320.
• "Production of Licensing Legislation: An Economic Analysis," Journal of Legal Studies, 11 (January 1982), 117-137.