Michael Schill

Michael J. Schill

Sponsors Professorship of Business Administration

Office

FOB 255

Academic Area

Areas of Expertise

Corporate Finance, Investments

Education: B.Sc., Brigham Young University; MBA, INSEAD; Ph.D., University of Washington

Michael J. Schill is the Sponsors Professorship of Business Administration in Darden's Finance area. His research spans empirical questions in corporate finance, investments and international finance, and he has been published in such major finance journals as the Journal of FinanceReview of Financial Studies and the Journal of Financial Economics.

Recent research investigates the post-deal returns of acquiring firms, asset-growth effects in stock returns, and gains to foreign stock exchange listing and foreign currency borrowing. He is the author of over 30 case studies and technical notes and co-authored the case textbook Case Studies in Finance: Managing for Corporate Value Creation, published by McGraw-Hill/Irwin.

Schill teaches the core finance course in the full-time MBA program at Darden and the Financial Trading elective. He has also taught at the University of California-Riverside, the University of Cambridge and the University of Melbourne. Prior to teaching, he worked as a management consultant with Marakon Associates in Stamford, Connecticut, and London. He holds a bachelor's degree from Brigham Young University, an MBA from INSEAD and a Ph.D. from the University of Washington.

 

Selected Publications

Schill, M.J. and S. Sarkissian. "Cross-Listing Waves," Journal of Financial and Quantitative Analysis, (forthcoming).

Mortal, S. and M.J. Schill. "The Post-Acquisition Returns of Stock Deals: Evidence of the Pervasiveness of the Asset Growth Effect," Journal of Financial and Quantitative Analysis, (forthcoming).

Schill, M.J. and M. McBrady. "Opportunistic Foreign Currency Debt Issuance," The Evidence and Impact of Financial Globalization, Elsevier, (2013), p. 223-237.

Schill, M.J. and S. Sarkissian. "The Nature of the Foreign Listing Premium: A Cross-Country Examination,"  The Journal of Banking and Finance, Vol. 36, (2012), p. 2494-2511.

Lipson, M., S. Mortal and  M.J. Schill. "On the Scope and Drivers of the Asset Growth Effect."  Journal of Financial Quantitative Analysis, Vol. 46, no. 6 (December 2011), p. 1651-1682. 

McBrady, M.R., S. Mortal and M.J. Schill. "Do Firms Believe in Interest Rate Parity?"Review of Finance, Vol. 14, no. 4, (October 2010), p. 695-726.

Schill, M.J., M. Cooper and H. Gulen. "The Asset Growth Effect in Stock Returns,"Journal of Investment Management, Vol. 7, (4th Quarter 2009), p. 1-15.

Sarkissian, S. and M.J. Schill. "Are There Permanent Valuation Gains to Overseas Listing?" Review of Financial Studies, Vol. 22, no. 1, (January 2009), p. 371-412.

M. Cooper, H. Gulen and M.J. Schill. "Asset Growth and the Cross-Section of Stock Returns," The Journal of Finance, Vol. 63, no. 4, (August 2008), 1609-1651.

 

Selected Books

Bruner, R.F., K. Eades and  M.J. Schill. Case Studies in Finance: Managing for Corporate Value Creation, 7th edition. McGraw-Hill Irwin, New York, (2013).  

    Bruner, R.F., K.M. Eades and  M.J. SchillCase Studies in Finance, 6 th  Edition: Managing for Corporate Value Creation. McGraw-Hill/Irwin, (2009).

     

    Case Studies

    Advancing knowledge through research that shapes business, Darden professors are recognized thought leaders in their fields. They are not only master case method teachers, they also author many of the cases used in Darden classrooms and around the world.

    Michael J. Schill's cases are available in the Darden Business Publishing website.