Dr. Davies' research is best described as the intersection of applied game theory and financial markets. Dr. Davies bridges his practical industry experience with his financial economics training to deliver novel theoretic insights and empirical findings in exchange-traded funds, target-date funds, closed-end mutual funds, open-end mutual funds, investor leverage, corporate finance, delegated investment management, impact investing, socially responsible investments, and financial security design.
FNCE 4040 - Derivative Securities
Spring 2018 / Spring 2019 / Fall 2019 / Fall 2020 / Spring 2022 / Spring 2023
Develops the modern theory of contingent claims in a mathematical framework oriented toward applications. Examines how to use derivatives for risk management and to tailor portfolio payoffs. Provides an in-depth analysis of the properties of options.
MBAC 6060 - Corporate Finance
Analyzes the implications of modern finance theory for the major decisions faced by corporate financial managers. Develops the basic skills necessary to apply financial concepts to the various problems faced by a firm. Includes capital budgeting, capital structure, long term financing, short term financial management, and financial planning topics.
MBAE 6065 - Business Finance
Spring 2022 / Spring 2023
This class presents foundational concepts of corporate finance and investments; describes equity and debt markets; practices discounting cash flows; measures risks and returns using the capital asset pricing model (CAPM) and demonstrates the benefit of diversification. Explores how certain biases and behaviors of market participants may lead to inefficiencies in the market. Students gain understanding of modern financial institutions (e.g., venture capital) and modern financial instruments (e.g., ETFs) and their roles in the modern economy.
MBAX 6110 - Entrepreneurial Finance
Addresses a variety of topics including financial valuation, various sources of funds, structures and legal issues in arranging financing, the private and public venture capital markets, and preparation for, and execution of, an initial public securities offering.