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Faculty Directory

Richard J. Rogalski

George J. Records Professor of Investments






PhD, University of Michigan, 1974; MS, Case Institute of Technology, 1970; BS, University of Detroit, 1969

Areas of Expertise

Finance, investments


Financing Strategy for Public Companies; Management of Investment Portfolios

Current Research Topics

  • Hedge funds
  • Mutual funds
  • IPOs

Professional Activities

Academic positions

  • Tuck School of Business, 1976–present
  • Visiting Associate Professor, Graduate School of Management, University of California, Los Angeles, 1982; Visiting Assistant Professor, University of Michigan, 1975–76
  • Assistant Professor, Columbia University, 1974–75

Nonacademic positions

  • Chief Investment Officer, Kidder Peabody Asset Management, 1993–94
  • Director, Head of Financial Strategies Group, Merrill Lynch Capital Markets, 1990–91
  • Vice President, Head of New Products Group, Morgan Stanley & Co., Inc., 1985–87

Board memberships

  • Boards of directors: Dillon Read Capital Management, 2006–present, MidFirst Bank, 1992–present
  • Kidder Peabody Asset Management, 1993–95 

Editorial positions

  • Editorial Advisory Board, Journal of Investing, 1987–93
  • Associate Editor, International Journal of Finance Education, Journal of Corporate Finance, 1987–89, Financial Management, 1979–81


  • Runner-up, Most Significant Paper, Journal of Financial Intermediation, 1998
  • Outstanding Faculty, BusinessWeek Guide to the Best Business Schools, 1997
  • Best Dissertation Award, American Institute of Decision Science Thesis Competition, 1995

Selected Publications

  • "Industry Conditions, Growth Opportunities, and Market Reactions to Convertible Debt Financing Decisions," Journal of Banking and Finance, January 2003
  • "What’s Special About the Role of Underwriter Reputation and Market Activities in IPOs?" Journal of Business, April 2002
  • "The Long-Run Performance of Firms That Issue Convertible Debt: An Empirical Analysis of Operating Characteristics and Analysts’ Forecasts," Journal of Corporate Finance, December 2001
  • "Is Convertible Debt a Substitute for Straight Debt or for Common Equity?" Financial Management, Autumn 1999
  • "Understanding the Design of Convertible Debt," Journal of Applied Corporate Finance, Spring 1998
  • "Agency Problems, Information Asymmetries, and Convertible Debt Security Design," Journal of Financial Intermediation, January 1998
  • "New Findings Regarding Day of Week Returns over Trading and Non-Trading Periods," Journal of Finance, December 1984