Thomas Bates

BAC 530
W.P. Carey School of Business
Department Chair/Dean's Council of 100 Distinguished Scholar/Associate Professor
Faculty w/Admin Appointment
TEMPE Campus
Mailcode
3906

Education

  • PhD  University of Pittsburgh, 2000
  • BA  Guilford College, 1991

Research Interests

  • Mergers and Acquisitions
  • Corporate Governance
  • Corporate Liquidity
  • Cash Holdings

Publications

  • "Why has the Value of Cash Increased Over Time?" with Jianxin Chi and Chin-Hung Chang, forthcoming, Journal of Financial and Quantitative Analysis.
  • "Bid Resistance by Takeover Targets: Managerial Bargaining or Bad Faith?" with David Becher, forthcoming, Journal of Financial and Quantitative Analysis.
  • "Why Do U.S. Firms Hold so Much More Cash than They Used To?" with Kathleen Kahle and Rene Stulz, Journal of Finance, 2009, 64(5), 1985-2021. 
  • "Board Classification and Managerial Entrenchment: Evidence from the Market for Corporate Control," with David Becher and Michael Lemmon, Journal of Financial Economics, 2008, 87, 656-677.
  • "Shareholder Welfare and Bid Negotiation in Freeze-Out Deals: Are Minority Shareholders Left Out in the Cold?" with Michael Lemmon and James Linck, Journal of Financial Economics, 2006, 81, 681-708.

Research Activity

  • “Target CEO Career Incentives and Takeover Bids,” with Robert Parrino and QingQing Wu
  • “Analysts and Corporate Liquidity Policy,” with Ching-Hung Chang and Laura Lindsey

Courses

Spring 2017
Course NumberCourse Title
FIN 502Managerial Finance
FIN 590Reading and Conference
FIN 599Thesis
FIN 795Continuing Registration
Fall 2016
Course NumberCourse Title
FIN 502Managerial Finance
Spring 2016
Course NumberCourse Title
FIN 590Reading and Conference
FIN 599Thesis
FIN 795Continuing Registration
Fall 2015
Course NumberCourse Title
FIN 591Seminar
Spring 2015
Course NumberCourse Title
FIN 502Managerial Finance
FIN 590Reading and Conference
FIN 599Thesis
FIN 795Continuing Registration
Spring 2014
Course NumberCourse Title
FIN 502Managerial Finance
FIN 599Thesis
FIN 795Continuing Registration
Spring 2013
Course NumberCourse Title
FIN 502Managerial Finance
FIN 599Thesis
FIN 795Continuing Registration
Fall 2012
Course NumberCourse Title
FIN 499Individualized Instruction
FIN 590Reading and Conference
FIN 592Research
FIN 599Thesis
FIN 700Research Methods
FIN 795Continuing Registration
Summer 2012
Course NumberCourse Title
FIN 499Individualized Instruction

Honors/Awards

  • Dean's Council of 100 Scholar, 2009-present
  • McCoy-Rogers Fellow, Eller College of Management, 2008
  • Scrivner Teaching and Service Award, 2008

Editorships

Ad hoc referee

  • Journal of Finance
  • Journal of Financial and Quantitative Analysis
  • Journal of Law
  • Economics and Organization

Work History

Arizona State University: 2009-present. Previous Appointments: University of Arizona, University of Delaware, University of Western Ontario