Maureen O'Hara
Professor O'Hara's research focuses on issues in market microstructure, and she is the author of Market Microstructure Theory (Blackwell:1995) as well as numerous journal articles. Her most recent research has focused on the role of underwriters in the aftermarket trading of IPOs, the impact of transparency on trading system performance, listing and delisting issues in securities markets, designing markets for developing markets, and the role of liquidity and information risk in asset pricing. In addition, Dr. O'Hara publishes widely on a broad range of topics including banking and financial intermediaries, law and finance, and experimental economics.
Professor O'Hara is the executive editor of the Review of Financial Studies. She has served as president of the Western Finance Association, and as president of the American Finance Association. Professor O'Hara is on the board of directors of Investment Technology Group, Inc. (ITG), an agency brokerage firm, where she serves as lead director and chair of the compensation committee. Professor O'Hara is also chairman of the board of Catholic Charities of the Diocese of Rochester. She has consulted for a number of companies and organizations, including Microsoft, Merrill Lynch, Credit Suisse First Boston, the New York Stock Exchange, Bristol-Meyers Squibb, and the World Federation of Exchanges.
Professor O'Hara joined the faculty at Cornell in 1979. She has held visiting faculty appointments at UCLA, the London Business School, the University of New South Wales, the Hong Kong University of Science and Technology and Cambridge University. She earned her BS in economics from the University of Illinois and her MS in economics and PhD in finance from Northwestern University.
Selected Publications
Bloomfield, R. and M. O'Hara (2000). "Can Transparent Markets Survive?" Journal of Financial Economics 55(3):425-59.
Easley, D., M. O'Hara and G. Saar (2001). "How Stock Splits Affect Trading: A Microstructure Approach." Journal of Financial and Quantitative Analysis 36(1): 25-51.
Easley, D., S. Hvidjkaer and M. O'Hara (2002). "Is Information Risk a Determinant of Asset Prices?" Journal of Finance (forthcoming).
Ellis, K., R. Michaely and M. O'Hara (2000). "The Accuracy of Trade Classification Rules: Evidence from NASDAQ." Journal of Financial and Quantitative Analysis 35(4): 529-551.
Ellis, K., R. Michaely and M. O'Hara (2000). "When the Underwriter Is the Market Maker: An Examination of Trading in the IPO Aftermarket." Journal of Finance 55(3):1039-1074.
Ellis, K., R. Michaely and M. O'Hara (2002). "The Making of a Dealer Market: From Entry to Equilibrium in the Trading of NASDAQ Stocks." Journal of Finance (forthcoming).
Green, R., M. O'Hara and G. W. Schwert (2002). "Joint Editorial." Journal of Financial Economics 63(3): 313-314.
Green, R., M. O'Hara and G. W. Schwert (2002). "Joint Editorial." Journal of Finance 57(2):1031-1032.
Macey, J. H. and M. O'Hara (2000). "The Interactions of Law, Finance, and Markets." Journal of Financial Intermediation 9(2): 113-116.
Macey, J. R. and M. O'Hara, Eds. (2000). Journal of Financial Intermediation v.9( 2) Special Issue on Finance, Markets, and Law. Journal of Financial Intermediation, 9(2) April 2000. Papers Presented as Part of a Symposium on Law, Finance, and Markets Held at Cornell University in May 1999. San Diego, CA, Academic Press.
Macey, J. H. and M. O'Hara (2002). "The Corporate Governance of Banks." Economic Policy Review (Federal Reserve Banks of New York) ( forthcoming).
Macey, J. H. and M. O'Hara (2002). "The Economics of Listing Fees and Listing Requirements." Journal of Financial Intermediation (forthcoming).
O'Hara, M. (2000). "The Future of Stock Markets." TIAA-CREF Investment Forum 4(1):11-12.
O'Hara, M. (2001). "Designing Markets for Developing Countries." ASAIN Management Review, APFA supplement 7.
mo19@cornell.edu
447 Sage Hall
Johnson Graduate School of Management
Cornell University
Ithaca, NY 14853-6201
607-255-3645
