Torben Voetmann

Professor Voetmann is a principal at The Brattle Group and an adjunct professor at USF’s School of Management. He has testified on issues related to financial econometrics, asset pricing models, event-study analysis, market microstructure, securities and bond prices, and capital markets. He has also consulted on issues related to mergers and acquisitions, appraisal actions, and disputes involving valuation of private and public companies, illiquidity securities, employee stock options, and minority interests.

Besides publishing in finance journals including the Journal of Financial and Quantitative Analysis, Journal of Corporate Finance, Financial Management, Review of Finance, and Quarterly Journal of Finance, Professor Voetmann has taught undergraduate and graduate courses in corporate finance and security analysis at the Wharton School, graduate course in finance at the Copenhagen Business School, and graduate-level courses in corporate finance, managerial finance, capital markets and investment banking at USF.

Expertise

• Corporate Finance
• Capital Markets
• Valuation
• Mergers and Acquisitions

Research Areas

• Mergers and Acquisitions
• Asset Pricing
• Capital Markets

Education

• Copenhagen Business School, Ph.D., Finance, 2000
• Aarhus School of Business, MS, Finance, 1993
• Aarhus School of Business, BBA, 1991

Prior Experience

• Visiting Professor, Wharton School, University of Pennsylvania
• Principal, The Brattle Group
• Principal, Cornerstone Research

Selected Publications

“Can Mispricing Explain the Value Premium?,” with Jeffrey Jaffe, Jan Jindra, and David Pedersen, Financial Management, 2020, Volume 49, 615–633.

“Does Unlisted Targets Sell at a Discount?,” with Jeffrey Jaffe, Jan Jindra, and David Pedersen, Journal of Financial and Quantitative Analysis, 2019, Volume 54, 1371–1401.

“Private Class Action Litigation and Cross-Listing: The Chinese Reverse Mergers and IPOs,” with Jan Jindra and Ralph A. Walkling, Quarterly Journal of Finance, 2017, Volume 7, 1–20.

“Returns to Acquirers of Public and Subsidiary Targets,” with Jeffrey Jaffe, Jan Jindra, and David Pedersen, Journal of Corporate Finance, 2015, Volume 31, 246–270.

“Skill Differences in Corporate Acquisitions,” with Jeffrey Jaffe and David Pedersen, Journal of Corporate Finance, 2013, Volume 23, 166–181.