Sheridan Titman

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Sheridan Titman
Born (1954-05-23) May 23, 1954 (age 62)
Denver, Colorado
Nationality United States
Institution McCombs School of Business
Field Financial economics, including energy finance, investment banking, and real estate finance
Alma mater Carnegie Mellon University
University of Colorado
Awards Smith Breeden Prize, 1997
Batterymarch Fellowship, 1985
Information at IDEAS / RePEc

Sheridan Dean Titman is a professor of finance at The University of Texas at Austin, where he holds the McAllister Centennial Chair in Financial Services at the McCombs School of Business, and is a research associate of the National Bureau of Economic Research.[1] He also serves as an academic advisor to the registered investment advisory firm, Gerstein Fisher.[2] He holds a B.S. degree from the University of Colorado and an M.S. and Ph.D. from Carnegie Mellon University in 1981 for thesis titled The effect of capital structure on a firm's liquidation decision under the supervision of Scott F. Richard and Dennis Epple.[3][4]

Titman taught at UCLA for over 10 years where, in addition to his teaching and research activities, he served as the chair for the department of finance and as the vice chairman of the UCLA management school faculty. Between 1992 and 1994, he was one of the founding professors of the School of Business and Management at the Hong Kong University of Science and Technology where he was the vice chairman of the faculty and the chairman of the faculty appointments committee. From 1994 to 1997, he served as the John J. Collins, S.J. Chair in Finance at Boston College. In the 1988–89, academic year Titman worked in Washington D.C. as the special assistant to the Treasury Assistant Secretary for Economic Policy.

Titman’s academic publications include both theoretical and empirical articles on asset pricing, corporate finance, and real estate, and have been widely recognized for their excellence. Sheridan won the Smith-Breeden Prize for the best finance research paper published in the Journal of Finance, the GSAM best paper award for the Review of Finance and was a recipient of the Batterymarch Fellowship. Titman has served on the editorial boards of leading academic journals, including the Journal of Finance and the Review of Financial Studies. He has also co-authored three finance textbooks, Financial Markets and Corporate Strategy,[5] Valuation: The Art and Science of Corporate Investment Decisions, and Financial Management: Principles and Applications.

He was the President of American Finance Association in 2012 and also served as the President of the Western Finance Association. He has also served as Directors of the American Finance Association, the Western Finance Association, the Asia Pacific Finance Association and the Financial Management Association.

Select awards and honors[edit]

Selected bibliography[edit]


Book chapters[edit]

  • "The Impact of Debt on Management Incentives," in The High Yield Debt Market: Investment Performance and Economic Impact, (ed. Edward Altman), Dow Jones Irwin, Homewood, Illinois, 1990.
  • "Issuing Equity Under Asymmetric Information," (with Kent Daniel), in North Holland Handbook of Finance, Jarrow, Maksimovic and Ziemba editors, North-Holland: Amsterdam, 1995.
  • "Performance Evaluation," (with Mark Grinblatt), in North Holland Handbook of Finance, Jarrow, Maksimovic and Ziemba editors, North-Holland: Amsterdam, 1995.
  • "Corporate groups, financial liberalization and growth: The case of Indonesia," (with Andy Chui and K.C. John Wei), in Financial Structure and Growth, Demirguc-Kunt and Levine editors, MIT Press, 2001.
  • "Capital Structure and Corporate Strategy," (with Chris Parson) in North Holland Handbook of Corporate Finance, Espen Eckbo editor, North-Holland: Amsterdam, 2007.

Recent articles[edit]

See also[edit]


  1. ^ "McCombs Faculty Expertise Guide". 2014-02-04. Retrieved 2014-05-05. 
  2. ^ "Gerstein Fisher Academic Partners". Retrieved 2014-05-05. 
  3. ^ Titman, Sheridan. "The effect of capital structure on a firm's liquidation decision". ProQues. Retrieved 14 January 2014. 
  4. ^ "Carnegie Mellon doctoral newsletter, August 2004". Retrieved 2014-05-05. 
  5. ^ "Amazon listing for Financial Markets and Corporate Strategy". Retrieved 2014-05-05. 

External links[edit]