معرفی
Sandy Klasa is the Anheuser-Busch Endowed Professor of Finance at the University of Arizona’s Eller College of Management. He conducts influential research on corporate finance, mergers and acquisitions, capital structure, and governance, with over fifteen publications in top-tier journals including Journal of Finance, Journal of Financial Economics, Review of Financial Studies, and Management Science.
Education
- Ph.D. in Finance, University of Oregon, 2002
- M.S. in Finance (details not specified)
Research Interests
Professor Klasa’s research spans several inter-related domains of corporate finance and governance. His primary focus lies in understanding how product market competition and labor market frictions shape corporate financial policies. He examines the determinants and consequences of capital structure choices, the role of cash holdings and hedging behavior in mitigating risk, and the strategic implications of mergers and acquisitions. Additionally, he investigates corporate governance mechanisms, including executive compensation, board structures, and the protection of intellectual property such as trade secrets. His work often integrates large-scale empirical analyses with rich theoretical insights to inform both academic understanding and practical policy.
Publications & Trends
Across his body of work, two dominant strands emerge: (1) the interplay between market structure and corporate financial decisions, and (2) governance and contracting issues within firms. Recent articles reveal heightened attention to regional economic shocks, anticompetitive effects of horizontal mergers, and information leakage during nonpublic negotiations. Earlier studies laid foundations by documenting leverage targets, cash management under refinancing risk, and the impact of industry concentration on disclosure practices.
Scientific Awards & Editorial Service
- Review of Financial Studies Distinguished Referee Award (2013)
- Journal of Corporate Finance Best Associate Editor Award (2023)
- Associate Editor, Journal of Corporate Finance
Teaching & Doctoral Advising
Professor Klasa teaches graduate and undergraduate courses in entrepreneurial and corporate finance, including FIN 480 Finance for New Ventures, FIN 536 New Venture Finance, and FIN 620A Financial Markets and Corporate Finance. While specific advisee names are not listed, his extensive co-authorship network suggests active doctoral supervision and mentoring.
Contact & Affiliation
McClelland Hall 315G, Eller College of Management
1130 E. Helen St., P.O. Box 210108, Tucson, AZ 85721-0108
Phone: 520-621-8761 | Email: sklasa@arizona.edu
