Nicole Boyson
Associate Professor of Finance at D'Amore-McKim School of Business

Schools
- D'Amore-McKim School of Business
Links
Biography
D'Amore-McKim School of Business
Profile
Education
PhD., Finance, The Ohio State University
MBA, Finance, Case Western Reserve University
BBA, Accounting, Kent State University
Research & Teaching Interests
Professor Boyson''s research and teaching interests fall in the area of investments and corporate finance, with a focus on regulatory arbitrage, hedge fund management, and hedge fund activism.
Industry & Academic Experience
Prior to joining the DMSB faculty in 2004, Professor Boyson was an Assistant Professor at Purdue University. Prior to joining Purdue, Professor Boyson was a manager for Ernst & Young, the VP of Investments for Pension Consulting Services, an analyst for Third Federal Savings and Loan, and a senior accounting at KPMG Peat Marwick.
Services to the Profession
A Certified Public Accountant, Professor Boyson serves on the Editorial Board of the Financial Analysts Journal, has served on the board of the Midwest Finance Association, has been a member of numerous program committees of professional organizations, and acts as an ad-hoc referee for journals including The Journal of Finance, Review of Financial Studies, Journal of Financial Economics, and The Journal of Financial and Quantitative Analysis.
Awards & Recognition
DMSB Best Teacher Award 2016.
Finalist for Best Paper in Corporate Finance, FMA, 2014.
Publications
Selected Publications
Boyson, N., Gantchev, N., and Shivdasani, A. (2016). Activism Mergers. Journal of Financial Economics, forthcoming.
Boyson, N., Fahlenbrach, R., and Stulz, R. (2016). Why Don''t all Banks Practice Regulatory Arbitrage? Evidence from Usage of Trust Preferred Securities. _Review of Financial Studies, _29(7), 1821-1859.
Aggarwal, R., and Boyson N. (2016). The Performance of Female Hedge Fund Managers. Review of Financial Economics, 29, 23-36.
Boyson, N., Stulz, R., and Stahel, C. (2010). Hedge Fund Contagion and Liquidity Shocks. Journal of Finance, 65(5), 1789-1816.
Agarwal, V., Boyson, N., and Narayan, N. (2009). Hedge Funds for Retail Investors? An Examination of Hedged Mutual Funds. _Journal of Financial and Quantitative Analysis, _44(2), 273-305.
Presentations
Selected Presentations
"Serial activists” and Activism mergers," University of California San Diego, Future Directions in Hedge Fund Research Conference, October 2015.
"Serial activists," Asset Management Conference, Humboldt University and ESMT, August 2015.
"Performance persistence in hedge fund activism," Cleveland Federal Reserve seminar series, May 2015.
"Why do banks practice regulatory arbitrage? Evidence from usage of trust preferred securities," American Social Sciences Association, January 2015.
Trust preferred securities and regulatory arbitrage," Napa Conference on Financial Markets Research, April 2014.
Selected Media Appearances
December 20, 2017
For Boston area stalwart Akamai, activist investor brings new questions
Nicole Boyson comments on activist investing and the future of Boston''s Akami Technologies for The Boston Globe.
September 18, 2017
Hedge funds run by women outperforming those run by men, shows new data
Nicole Boyson comments on the role of women in hedge funds, and the obstacles they face in the sector, for the Independent.
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December 10, 2016
Women think it''s harder for them to succeed on Wall Street — but there''s some hope
Rajesh Aggarwal and Nicole Boyson''s research was cited in a Business Insider article, exploring why women may outperform men in hedge funds, but don''t raise close to as much money as their counterparts.
Read More
Videos
CAIS 2015: Opening Remarks and Presentation by Nicole Boyson
Read about executive education
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