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Professor Ben Branch 

Ben Branch
 

Professor of Finance 


Telephone: 413-545-5690

Email: branchb@som.umass.edu

Office: SOM 234

Web Site: intra.som.umass.edu/branch


Education:

Ph.D., University of Michigan, 1970
M.A., University of Michigan, 1969
M.A., University of Texas, 1968
B.A., Emory University, 1965 

Research/Teaching Interests:

Bankruptcy
Event studies
Investments
Bank Management


Publications/Presentations:

"Risk Arbitrage Spreads and Performance of Risk Arbitrage", (with Jia Wang) Journal of Alternative Investments. Summer: 9- 22 (2008). 

 

"The Bankruptcy Process in Pakistan", With Saira Latif, Khalid A. Rehman, The Norton Journal of Bankruptcy Law & Practice (volume 17 issue 5, October 2008).

 

"A Do-It Yourself Approach to Target Date Retirement Investing", American Association of Individual Investors Journal, September, 2008.

 

"Mispricing verses Risk Premiums in R&D Intensive Firms", (with Cosette Chichirau), Presented to the April 2008 Eastern Finance Association meetings and the October 2008 Financial Management Association meetings.

 

"DISTRESSED VALUATION:  Causes of Action and Other Litigation related Contingent Assets" Presented to the Valuation of Distressed Securities Workshop, August 2008.

 

Last Rights: Liquidating a Company, with Hugh Ray and Robin Russell, Oxford University Press; 2007.

 

"The Risk Arbitrage Performance: Failed Acquisition Attempts," (with Taewon Yang) Quarterly Journal of Business and Economics, 2006, 42, pp.3-18.

 

"Merger Deal Structure and Investment Strategy: Collar Mergers" (with Taewon Yang); The Journal of Alternative Investments, Winter, 2006, pp. 8-23.  Presented to the April 2006 Eastern Finance Association Meetings. won Martello award for the best practitioner article in the 2006 Journal of Alternative Investments.

 

Bankruptcy Investing (with Hugh Ray), Dearborne Financial, 1992, Reissued by Beard Books, 1999; Revised and updated, 2002; Fourth edition revised and updated 2007.

 

"The Overnight Return: A New Anomaly", (with Axin Ma) Presented to the 2007 meeting of the Eastern Finance Association.

 

"Predicting the Daily NAV for Closed End Funds" (with Liping Qiu); Presented to the 2007 CISCM conference and the April 2008 Eastern Finance Association meetings.

 

Fundamental Indexing, (with Li Cai) Presented to the 2007 CISCM conference the April 2008 Eastern Finance Association and the October 2008 Financial Management Association meetings.

 

"The Risk Arbitrage Performance: Failed Acquisition Attempts," Co-authored with Taewon Yang, Quarterly Journal of Business and Economics, Vol. 45, NOs 1&2 Winter/Spring (2006), 53-68

 

If You are so Smart, Why Aren't You Rich, Praeger, 2006.

 

"Managing a Pension Plan Shutdown in Chapter 7" with Gary Tameo, Journal of Corporate Renewal, July 2005, Vol 18, No. 7, pp8-13

 

"Explaining Price to Book" (with Anrak Sharma, et al), Business Quest, 2005; westga.edu/~bquest/2005/Model.pdf 

 

"How to Fix Social Security", Business Quest, 2005, westga.edu/~bquest/2005/social.pdf

 

"Bankruptcy in Uzbekistan" (with Natalia Gonchovova), Annual Survey of Bankruptcy Law, 2005, pp 587-601.

 

"A Note on Takeover Success Prediction (with Taewon Yang and Jia Wang); International Review of Financial Analysis; Presented to April 2005 Eastern Finance Association Meeting.

 

 "Usage of the Artificial Neural Network in the Estimation of Financial Failures and the Application in Istanbul Stock Exchange" (with Yasemin Benli and Jia Wang) Journal of Industrial Arts Education Faculty of Gazi University

 

"Downside Risk: Risk Arbitrage for Collared Offers with Uncollared Offers", (with Jia Wang); Presented to CISDM Conferences, September 2005; Presented to October 2005 Financial Management Association Meeting; Presented to the April 2006 Eastern Finance Association Meetings and October 2008 Financial Management Association meetings.

 

" Bankruptcy in Ukraine: A Back door to Privatization" (with Natalya Goncharova and Richard Roth) Annual Survey of Bankruptcy Law, 2004, pp. 539-549.

 

 "Bankruptcy Investing" (with Hugh Ray) Institutional Investor, Spring 2003, 107-113.

 

"Bankruptcy in Russia" (with Natasha Goncharova), Annual Survey of Bankruptcy Law, 2003, pp 577-608.

 

"Bankruptcy in Korea" (with Hyuna Park), Annual Survey of Bankruptcy Law, 2003, pp 651-672.

 

Why Banks Fail" presented to 2003 FMA meeting, published in The New Basel Capital Accord, Thomas Texere, New York, 2004, pp 29-38.

 

"Ethics in Bankruptcy" (With Jennifer Taub) to appear in FINANCE ETHICS (Robert W. Kolb Series in Finance) (the "Work"), authored/edited by John Boatright, John Wiley & Sons. 

 

"The Risks of Directing a Financial Institution", Chapter in THE BANK DIRECTOR'S HANDBOOK, (with Robin Russell)

 

Branch, B., and T, Yang., 2001, "Merger Arbitrage: Evidence of Profitability," Journal of Alternative Investments, 4, pp.17-32.

 

"Predicting the Success of Takeovers ask Risk Arbitrage (with Taewon Yang) Presented to the April 2002 meeting of Eastern Finance Association;  Presented to International end Business and Economic Review Conference, October 2002, Won best paper award; Presented to Financial Management Association Conference, October 2002, Quarterly Journal of Business and Economics, Winter/Spring 2003, pp 3-18.

 

"A Test of The Profitability of Risk Arbitrage" (with Taewon Yang), presented to April 2001 meeting of the Eastern Financial Association; presented to the October 2001 meeting of the Financial Management Association; International Review of Financial Analysis, 2006, Number 1, pp 39-56.