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Carpenter, Jennifer N.

Associate Professor of Finance
Joined Stern 1995

Phone: (212) 998-0352
Fax : (212) 995-4233
Email: jcarpen0@stern.nyu.edu
Office: K-MEC 9-99

44 West Fourth Street
Suite 9-190
New York, NY 10012-1126

Education:

PhD Finance University of Pennsylvania 1995
MA Mathematics University of Pennsylvania 1993
MA Finance University of Pennsylvania 1992
BS Economics University of Pennsylvania 1987

Teaches:

Debt Instruments and Markets (MBA)
Financial Theory IV (PhD)

Research Interests:

Executive stock options
Fund manager compensation
Corporate liabilities

Business Experience:

Fixed Income Division at Goldman Sachs & Co., New York, NY

Publications:

Portfolio performance and agency, with Philip H. Dybvig and Heber K. Farnsworth, Review of Financial Studies, forthcoming.
Corporate bond valuation and hedging with stochastic interest rates and endogenous bankruptcy, with Viral V. Acharya, 2002, Review of Financial Studies, 15, 1355-1383.
Mutual fund survivorship, with Mark M. Carhart, Anthony W. Lynch, and David K. Musto, 2002, Review of Financial Studies, 15, 1439-1463.
Executive stock option exercises and inside information, with Barbara Remmers, 2001, Journal of Business 74, 513-534.
Does option compensation increase managerial risk appetite, 2000, Journal of Finance, 55, 2311-2331.
Survivorship bias and attrition effects in measures of performance persistence, with Anthony W. Lynch, 1999, Journal of Financial Economics 54, 337-374.
The exercise and valuation of executive stock options, 1998, Journal of Financial Economics 48, 127-158.

Working Papers:

Optimal exercise of executive stock options and implications for firm cost, with Richard Stanton and Nancy Wallace, 2009.
Estimation of employee stock option exercise rates and firm cost, with Richard Stanton and Nancy Wallace, 2008.