ࡱ> KMJ[@  !bjbj44 .:ViVi jjjjjjj~L~P#."PPPPPn z"""""""$$RX&:"jPP"jjPP #s!s!s!jPjP"s!"s!Xs!!jj!P" piJK !! #0P#!&i!&!~~jjjj&j!($s!""~~Di! ~~ SEQ CHAPTER \h \r 1 CURRICULUM VITAE Gailen L. Hite Columbia University454 Riverside Drive, #8AGraduate School of Business, 524 Uris HallNew York, NY 100273022 BroadwayPhone: (212) 662-3619New York, NY 10027Fax: (212) 864-1961Phone: (212) 854-4224e-mail: hite@earthlink.nete-mail:  HYPERLINK "mailto:glh3@columbia.edu" glh3@columbia.edu Education Ph.D., University of Washington, 1975. Major: Finance Minors: Economics, Quantitative Methods and Research Methods M.A., University of Washington, 1974. Major: Economics B.S., Ohio State University, 1970. Major: Finance Teaching and Research Interests Corporate Finance, Valuation Professional Societies American Finance Association Western Finance Association Beta Gamma Sigma Positions Held 1987- Associate Professor, Columbia University 1986-1987 Associate Professor, University of Colorado 1986-1986 Visiting Associate Professor, Columbia University 1983-1986 Associate Professor, Southern Methodist University 1978-1983 Assistant Professor, Ohio State University 1977-1978 Visiting Assistant Professor, University of Rochester 1975-1977 Assistant Professor, Oklahoma State University Courses Taught Corporate Finance, Financial Management, Theory of Finance, Doctoral Seminar in Financial Theory, Managerial Economics and Real Estate Investment Analysis Programs Taught Ph.D., MBA (Executive, Full- and Part-time), Undergraduate Publications Bali, Rakesh and Gailen L. Hite, 1998, Ex dividend day stock price behavior: discreteness or tax-induced clienteles?, Journal of Financial Economics 47, 127-159. (Lead article.) Hite, Gailen L., and Arthur Warga, 1997, The effect bond-rating changes on bond price performance, Financial Analyst Journal May/June, 35-51. Hite, Gailen L. and Michael R. Vetsuypens, 1989, Management buyouts of divisions and shareholder wealth, Journal of Finance 44, 953-970. Chen, K.C., Gailen L. Hite, and David C. Cheng, 1989, Barriers to entry, concentration and Tobin's q ratio, Quarterly Journal of Business and Economics 28, 32-49. Hite, Gailen L., James E. Owers and Ronald C. Rogers, 1987, The market for interfirm asset sales: Partial sell-offs and total liquidations, Journal of Financial Economics 18, 229-252. Chen, K.C., David C. Cheng, and Gailen L. Hite, 1986, Systematic risk and market power: An application of Tobin's q, Quarterly Review of Economics and Business 26, 58-72. Hite, Gailen L., James E. Owers and Ronald C. Rogers, 1984, The separation of real estate assets by spin-off, American Real Estate and Urban Economics Association Journal 12, 318-332. Hite, Gailen L. and James E. Owers, 1984, The restructuring of corporate America, Midland Corporate Finance Journal 2, 6-16. Alberts, William W. and Gailen L. Hite, 1983, The Modigliani-Miller `leverage equation' in a product markets context, Journal of Financial and Quantitative Analysis 18, 425-437. Hite, Gailen L. and James E. Owers, 1983, Security price reactions around corporate spin-off announcements, Journal of Financial Economics 12, 409-426. Hite, Gailen L. and Michael S. Long, 1982, Taxes and executive stock options, Journal of Accounting and Economics 4, 3-14. Hite, Gailen L. and Raymond J. Krasniewski, 1982, The 1981 tax act: Cost recovery choices for real property, American Real Estate and Urban Economics Association Journal 10, 200-208. Hite, Gailen L. and Anthony Sanders, 1981, Excess depreciation and the maximum tax, American Real Estate and Urban Economics Association Journal 9, 134-147. Boatsman, James R. and Gailen L. Hite, 1979, On the relevance of entry and exit valuation for a class of firm decisions under specified market regimes, in Accounting for a Simplified Firm Owning Depreciable Assets, Robert R. Sterling and Arthur Thomas, eds., Scholars Book Co., Houston, 315-334. Hite, Gailen L., 1979, On the theory of the firm in a capital asset pricing model world, in Handbook of Financial Economics, James L. Bicksler, editor, North-Holland Publishing Co., Amsterdam, 163-188. Hite, Gailen L., 1977, Leverage, output effects and the M-M theorems, Journal of Financial Economics 4, 177-202. Monograph Hite, Gailen L. and Elba F. Baskin, 1977, A Theoretical and Empirical Investigation of Unemployment Insurance Reserve Fund Adequacy, United States Department of Labor, Washington, D.C. This research was funded under a contract with the U.S.D.L. which published the report for distribution to the state and federal unemployment insurance directors. Other Publications Hite, Gailen L., 1986, Discussion, Journal of Finance 41, 696-697. This contains my comments on The timing and substance of divestiture announcements presented by April Klein and published in the proceedings issue. Hite, Gailen L., 1980, Critique of the FTC's Life Insurance Cost Disclosure, Journal of Risk and Insurance, 568-574. This critical review was originally titled The FTC's Life Insurance Cost Disclosure: Advocacy or economics? Hite, Gailen L., 1978, Review of Corporation Finance by Ezra Solomon and John Pringle, Journal of Finance, 1467-1468. Professional Activities Associate Editor Journal of Applied Finance, 2000-present Journal of Financial Economics, 1982-97 Manuscript Reviewer Journal of Finance, Journal of Financial and Quantitative Analysis, Journal of Business, Journal of Accounting and Economics, International Economic Review, Journal of Money, Credit and Banking, Management Science, Financial Management, Journal of Economics and Business, Journal of Financial Research, Engineering Economist, Managerial and Decision Economics, Financial Review, Regulation, and American Real Estate and Urban Economics Association Journal. Proposal Reviewer National Science Foundation. Paper Presentations at Professional Meetings Financial Management Association, 1977, 1983-85, and 1987. Southern Economics Association, 1983. American Real Estate and Urban Economics Association, 1980. Western Finance Association, 1980. Paper Discussant at Professional Meetings American Finance Association, 1983, 1984, 1985, 1989, 1992, and 1993. American Economics Association 1986. Conference on Investment Banking and The Capital Acquisition Process, 1985, Managerial Economics Research Center, University of Rochester, Rochester, New York. Financial Management Association, 1978, 1983, 1986, 1992 and 1995. Western Finance Association, 1980 and 1992. '*85 6 \ ] ^ o p u ~ \ {  I X 8MOaQCEo&_')W*KMp% hQSgiC ! h*B*ph :()9:NOhi,-qrstu)L[\|@v$dHIYVWop{ | 4 5 e f z { 3 4 78CDst?gh|EFXuv@cd 00000H 0H 0H 0L 0H 0H 0H 0L 0H 0H 0H 0L 0H 0H 0H 0L 0H 0H 0H 0L 0H 0H 0H 0L 000000 000000 000 00 0 00 0 00(0 000(0 00 0000 0000000 00000000 0 000 00 00 0 00 0000000000000000000000000000000000000000000% !, t D ! !5]o  X QuickMark 1  B/\/D>/u/s/׹ /Tֹ /ֹ /չ /չ /[/й/ӹ/<ҹ/Z/4Y/$X/V/Y/\Y/X/r/4t/4r/{/>/s/$n/n /m!/n"/T#/$/| %/,g &/g '/dT (/dݹ)/8 */ +/R,/D -/ ./|"//^ 0/!1/T#2/^3/\^4/ȹ5/,ɹ6/ǹ7/ȹ8/ 9/ܾ :/$;/d/?/@/A/\B/C/D/ E/::COOrr|//4:,,5__mLLZ~ ~ XPPZckky      ! "$#%(&')+*,/-.01234657:89;=<>@?ABMMggx39DD4??iuu##Vcc \Ybiiu     ! 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