Portrait Photo

David T Brown

BB&T Assoc Professor of Free Enterprise
Director, Hough Program in Finance (MS - Finance)
Graduate Coordinator, Hough Program in Finance (MS - Finance)

University of Florida
Warrington College of Business
Finance, Insurance and Real Estate Department
Stuzin Hall 303G
PO Box 117168
Gainesville, FL 32611

(352) 392-2820
Email

Biography

Professor Brown teaches the fixed income securities courses at the undergraduate and graduate level programs. He serves as the Director of the MSF (Master of Science-Finance) Program. His current research focuses on real estate finance and the pricing of default risk in corporate bonds. He has made a number of presentations at national meetings and at other universities. He has been a visiting professor at the Kellogg Graduate School of Management and served as an investment officer for NISA Investment Advisors LLC.

Education

  • PhD - Economics, Washington University St. Louis, 1986
  • MA - Economics, Washington University St. Louis, 1983
  • BA - Economics, Tulane University, 1981

Research Areas

  • Real Estate Finance
  • Financial Distress
  • Fixed Income Securities

Callable Bonds: What is Special about Munis?
Journal: Journal of Finance
Authors: David Brown


Discount Rates and Asset Returns: Implications for Endowment Strategies
Journal: Unknown
Authors: David Brown


Maturity Clienteles in the Municipal Bond Market
Journal: Review of Financial Studies, The
Authors: Stace Sirmans, David Brown


Are Pension Asset Allocations and Expected Return Assumptions Influenced by Accounting Concerns
Journal: Unknown
Authors: Mike Ryngaert, Matthew Souther, David Brown


Fear and Greed and the Covariance of Equity and Bond Returns
Journal: Unknown
Authors: J. Karceski, David Brown


Investment Incentives and the Recourse Structure of Debt: Theory and Evidence
Journal: Unknown
Authors: H. Marble, David Brown


Secured Debt Financing and Leverage: Theory and Evidence
Journal: Unknown
Authors: H. Marble, David Brown


Financial Leverage and Bargaining Power: Evidence from LBO Transactions
Journal: Journal of Corporate Finance
Published Year: 2009
Authors: S. Thomas, T. Fee, David Brown


Rebalancing Revisited: The Role of Derivatives in Portfolio Rebalancing
Journal: Financial Analysts Journal
Published Year: 2007
Authors: D. Scholz, G. Ozek, David Brown


Theory and Evidence on the Resolution of Financial Distress
Journal: Review of Financial Studies, The
Published Year: 2006
Authors: B. Ciochetti, T. Riddiough, David Brown


Financing Choice and Liability Structure of Real Estate Investment Trusts
Journal: Real Estate Economics
Published Year: 2003
Authors: T. Riddiough, David Brown


Call Options and Liquidations in Commercial Real Estate Debt Financing
Journal: Real Estate Economics
Published Year: 2002
Authors: David Brown


An Empirical Analysis of Credit Spread Innovations
Journal: Journal of Fixed Income, The
Published Year: 2001
Authors: David Brown


Assessing Fixed Income Manager Style and Performance from Historical Returns
Journal: Journal of Fixed Income, The
Published Year: 2001
Authors: B. Marshall, David Brown


The Cost and Duration of Cash Balance Pension Plans
Journal: Financial Analysts Journal
Published Year: 2001
Authors: B. Marshall, P. Dybvig, David Brown


Liquidity and Liquidation: Evidence from Real Estate Investment Trusts
Journal: Journal of Finance
Published Year: 2000
Authors: David Brown


The Determinants of Expected Returns on Mortgage-Backed Securities: An Empirical Examination of Option Adjusted Spreads
Journal: Journal of Fixed Income, The
Published Year: 1999
Authors: David Brown


Asset Sales by Financially Distressed Firms
Journal: Journal of Corporate Finance
Published Year: 1994
Authors: C. James, R. Mooradian, David Brown


The Information Content of Distressed Restructurings Involving Public and Private Debt Claims
Journal: Journal of Financial Economics
Published Year: 1993
Authors: C. James, R. Mooradian, David Brown


The Determinants of Tender Rates in Interfirm and Self-Tender Offers
Journal: Journal of Business
Published Year: 1992
Authors: M. Ryngaert, David Brown


Bank Rates of Return and Entry Restrictions, 1869-1914
Journal: Journal of Economic History, The
Published Year: 1991
Authors: J. Binder, David Brown


The Mode of Acquisition in Takeovers: Taxes and Asymmetric Information
Journal: Journal of Finance
Published Year: 1991
Authors: M. Ryngaert, David Brown


Claimholder Incentive Conflicts in Reorganization: The Role of Bankruptcy Law
Journal: Review of Financial Studies, The
Published Year: 1989
Authors: David Brown


The Construction of Tender Offers: Capital Gains Taxes and the Free Rider Problem
Journal: Journal of Business
Published Year: 1988
Authors: David Brown


Collusion, Efficiency and Pricing Behavior: Evidence from the Banking Industry
Journal: Economic Inquiry
Published Year: 1986
Authors: M. Smirlock, David Brown