Edie Hotchkiss

Associate Professor, Finance Department
Wallace E. Carroll School
of Management
Boston College
, Fulton Hall
Chestnut Hill
, MA 02467

How to Contact Me:

Office: Fulton 340


Phone #: (617)552-3240


Fax #: (617)552-0431


Email: hotchkis@bc.edu


Courses Taught at Boston College:



MF 807 - Corporate Finance
MF 881
- Theory of Corporate Finance Seminar
MF 821
– Corporate Valuation and Restructuring
MF 704
- Financial Management
MF 895
(PhD) – Advanced Topics in Corporate Finance


MF 127 - Corporate Finance
MF 031
- Undergraduate Basic Finance


BA Dartmouth College, Engineering & Economics, 1983

PhD New York University Stern School of Business, Finance, 1993



Boston College, Associate Professor of Finance, 1993-present.
New York University, Visiting Assistant Professor of Finance, 1996-7
New York University, Instructor 1992-93, Research and Teaching Assistant 1989-92
Standard & Poor's Corporation, AVP, Financial Institutions Group, 1985-89
Trepp & Co, Financial Analyst, 1983-85

Publications and working papers

"Postbankruptcy Performance and Management Turnover," Journal of Finance, March 1995.

"Vulture Investors and the Market for Control of Distressed Firms," (with R. Mooradian, Northeastern University), Journal of Financial Economics, March 1997.

"Acquisitions as a Means of Restructuring Firms in Chapter 11," (with R. Mooradian, Northeastern University), Journal of Financial Intermediation, 1998.

"Valuation of Bankrupt Firms," (with S. Gilson and R. Ruback, Harvard Business School), Review of Financial Studies, Spring 2000. Copyright Society for Financial Studies, http://www.oup.co.uk/refin/ .

"The Informational Efficiency of the Corporate Bond Market: An Intraday Analysis," (with T. Ronen), Review of Financial Studies, Fall 2002. Copyright Society for Financial Studies, http://www.oup.co.uk/refin/

"Auctions in Bankruptcy," (with R. Mooradian, Northeastern University), Journal of Corporate Finance, Fall 2002.

"Does Shareholder Composition Matter?  Evidence from the Market Reaction to Corporate Earnings Announcements," (with D. Strickland, University of North Carolina), Journal of Finance, 2003.

"Empirical Evidence on the Existence of Dividend Clienteles" (with S. Lawrence).

"Holdups, Renegotiation, and Deal Protection in Mergers," joint with Jun Qian and Weihong Song, Boston College; last revised: April 2005; presented at the 2005 American Finance Association Meetings; scheduled to be presented at the 2005 Western Finance Association Meetings

“Transparency and Liquidity:  A Controlled Experiment on Corporate Bonds” (with Erik Sirri and Michael Goldstein), 2007, Review of Financial Studies.

“Determinants of Corporate Bond Trading:  A Comprehensive Analysis” (with G. Jostova and A. Warga)

“Do Buyouts (Still) Create Value” (with Shourun Guo and Weihong Song), 2008.

“Dealer Behavior and the Trading of Newly Issued Corporate Bonds” (with Michael Goldstein), 2007, to be presented at the 2009 American Finance Association Meetings.


Work in progress


“Dealer Behavior in Illiquid Markets (with Michael Goldstein)


 “M&A in Bankruptcy (with Stuart Gilson and George Triantis)


“Private Equity Sponsors and the Resolution of Financial Distress" (with David Smith and Per Stromberg)