Shane Underwood
Department Chair - Finance, Insurance & Real Estate
Professor - Finance, Insurance and Real Estate
Contact Information
Office Hours
By Appointment
Educational Background
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PHD - Finance, University Of Pennsylvania
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MA - Finance, University Of Pennsylvania
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BS - Finance, University Alabama Tuscaloosa
Work Experience
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Professor of Finance and Powers Chair, Baylor University (August 2020 - Present)
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Associate Professor of Finance and Powers Chair, Baylor University (August 2018 - July 2020)
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Associate Professor of Finance and Lacy Chair of Banking and Finance, Baylor University (June 1, 2016 - July 2018)
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Fitzpatrick Endowed Professor of Value Investing, University of Alabama (2012 - 2016)
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Associate Professor of Finance, University of Alabama (2011 - 2016)
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Assistant Professor of Finance, University of Alabama (2009 - 2011)
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Assistant Professor of Finance, Rice University (2004 - 2009)
Awards and Honors
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Light Your World Honoree, Phi Kappa Chi (April 2018)
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Nominated for Faculty Excellence Award - Outstanding Core Instructor, MBA Program (2012)
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Faculty Excellence Award - Outstanding Core Instructor, MBA Program (2011)
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Semifinalist for Best Paper Award, Financial Management Association Conference (2011)
Professional Memberships
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Member, American Finance Association
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Member, Financial Management Association
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Member, Western Finance Association
Publications
Basic or Discovery Scholarship
"The Causal Effects of Proximity on Investment: Evidence from Flight Introductions,"
Journal of Financial and Quantitative Analysis, Vol. 55, No. 6, (September 2020), pp. 1978-2004 (coauthors: Jesse Ellis, Leonardo Madureira).
"The Only Fund in Town? Geographic Segmentation in the U.S. Mutual Fund Industry,"
Financial Management, Vol. 47, No. 3, (Fall 2018), pp. 715-737 (coauthors: J Ellis).
"Comovement and Investment Banking Networks,"
Journal of Financial Economics, Vol. 113, No. 1, (July 2014), pp. 73-89 (coauthors: Gustavo Grullon, James Weston).
"Geographic Proximity and Price Discovery: Evidence from Nasdaq,"
Journal of Financial Markets, Vol. 14, No. 2, (May 2011), pp. 193-226 (coauthors: A Anand, V Gatchev, L Madureira, C Pirinsky).
"Has the Propensity to Payout Declined?,"
Journal of Financial and Quantitative Analysis, Vol. 46, No. 1, (February 2011), pp. 1-24 (coauthors: G Grullon, B Paye, J Weston).
"The Relative Informational Efficiency of Stocks and Bonds: An Intraday Analysis,"
Journal of Financial and Quantitative Analysis, Vol. 44, No. 5, (October 2009), pp. 1081-1102 (coauthors: Y Xing, C Downing).
"The Cross-Market Information Content of Stock and Bond Order Flow,"
Journal of Financial Markets, Vol. 12, No. 2, (May 2009), pp. 268-289.
"Information, Sell-Side Research, and Market Making,"
Journal of Financial Economics, Vol. 90, No. 2, (November 2008), pp. 105-126 (coauthors: L Madureira).
"Price Discovery in the Treasury Futures Market,"
Journal of Futures Markets, Vol. 27, No. 11, (November 2007), pp. 1021-1051 (coauthors: M Brandt, K Kavajecz).