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Indiana University Bloomington

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Faculty Profile

Scott B. Smart

Contact Information

(812) 855-3401
ssmart [at] indiana [dot] edu (E-mail)
Godfrey Center, Room 2010

Download Vita

  • Clinical Professor of Finance
  • Associate Chair of the Full-Time MBA Program and Director of Strategic Finance Academy
  • Whirlpool Finance Faculty Fellow

Campus

  • Bloomington

Education

  • PhD, Stanford University, 1991
  • MA, Stanford University, 1990
  • BBA, Baylor University, 1983

Professional Experience

  • Indiana University Credit Union, Chair of Supervisory Committee (2003-2010), Board member (2010-present)
  • Skyhawk Small Cap Mutual Fund, Trustee (2007-2010)
  • Wonderlab Museum of Health, Science, and Technology, Treasurer (2008-2010) and Board Member (2006-present)
  • University of Otago, Visiting Scholar (2007)
  • Intel Corporation, Visiting Scholar (1999)
  • Stanford University, lecturer (1989-1990)
  • Baylor University, lecturer (1985-1986)

Awards, Honors & Certifications

  • MBA Teaching Award, 1994 -2000, 2002
  • Doctoral Student Association Teaching Award, 1995
  • Distinguished Service Award, 1997-98, 2009-10, 2012-13

Professional Interests

IPOs, M&A, corporate governance

Personal Interests

English Premiere League, Fishing, Hiking, Bird Watching

Current Projects

  • "Why do firms go public: Evidence from Banks" with Evren Ors, Richard Rosen, and Chad Zutter
  • "Sex, Money, and Politics" with Jeff Milyo

Selected Publications

  • Smart, Scott B., Thomas Boulton, and Chad Zutter (2013), "Industrial Diversification and the Underpricing of Initial Public Offerings," Financial Management, 42(3): 679-704.

    Read Abstract ››

  • Gitman, Lawrence J., Michael Joehnk, and Scott B. Smart (2011), Fundamentals of Investments (11th edition), Addison Wesley.
  • Bouton, Thomas J., Scott B. Smart, and Chad J. Zutter (2011), "Earnings Quality and International IPO Underpricing," The Accounting Review, Vol. 86, No. 2, March, pp. 483-505. Read Abstract ››

  • Boulton, Thomas, Scott B. Smart, and Chad J. Zutter (2010), "Acquisition Activity and IPO Underpricing," Financial Management, Vol. 39, No. 4, Winter, pp. 1521-1546. Read Abstract ››

  • Boquist, John, Anna N. Danielova, Scott B. Smart (2010), "What Motivates Exchangeable Debt Offerings?," Journal of Corporate Finance, Vol. 16, pp. 159-169. Read Abstract ››

  • Boulton, Thomas J., Scott B. Smart, and Chad J. Zutter (2010), "IPO Underpricing and International Corporate Governance," Journal of International Business Studies, Vol. 41, No. 2, February/March, pp. 206-222. Read Abstract ››

  • Graham, John, Scott Smart, and William Megginson (2010), Corporate Finance (3rd Edition), Cengage South-Western.

  • Smart, Scott B., Ramabhadran S. Thirumalai, and Chad J. Zutter (2008), "What's in a vote? The short- and long-run impact of dual-class equity on IPO firm values," Journal of Accounting and Economics, Vol. 45, No. 1, March, pp. 94-115. Read Abstract ››

  • Smart, Scott, William Megginson, and Bernardo Bortolotti (2008), "The Rise of Accelerated Seasoned Equity Offerings," Journal of Applied Corporate Finance, Vol. 20, No. 3, Summer, pp. 35-57. Read Abstract ››

  • Smart, Scott B. and Chad J. Zutter (2008), "Dual-Class IPOs ARE Underpriced Less Severely," Financial Review, Vol. 43, February, pp. 85-106. Read Abstract ››

  • Smart, Scott and William Megginson (2008), Introduction to Corporate Finance (2nd Edition), South-Western Publishing.

  • Smart, Scott, William Megginson, and Lawrence Gitman (2007), Corporate Finance (2nd edition), South-Western.

  • Smart, Scott B. and Chad J. Zutter (2003), “Control as a Motivation for Underpricing: A Comparison of Dual- and Single-Class IPOs,” Journal of Financial Economics, July. Read Abstract ››

  • Smart, Scott B. and Jason Greene (1999), "Liquidity Provision and Noise Trading: Evidence from the 'Investment Dartboard' Column," Journal of Finance, Vol. 54, October, pp. 1885-1899. Read Abstract ››

  • Smart, Scott B. and Joel Waldfogel (1996), "Tax Policy, Saving, and Pension Funding," in Pensions, Savings, and Capital Markets, U.S. Department of Labor. Read Abstract ››

  • Smart, Scott B. and Joel Waldfogel (1994), "Measuring the Effect of Corporate Restructuring on Performance: The Case of Management Buyouts," Review of Economics and Statistics, Vol. 76, August, pp. 503-511. Read Abstract ››

  • Shoven, John B., Scott B. Smart, and Joel Waldfogel (1992), "Real Interest Rates and the Savings and Loan Crisis: The Moral Hazard Premium," Journal of Economic Perspectives, Vol. 6, Winter, pp. 155-167. Read Abstract ››