Associate Dean for Center Development & Research; Virginia Bankers Association Professor
Finance
Education:
Ph.D., Finance, Indiana University
B.S., Economics, University of Delaware
Areas of Expertise:
Finance
Bankruptcy
Distressed debt
Corporate restructuring and reorganization
Banking lending relationships
Private equity
Corporate governance
Professional Activities:
Professor Smith specializes in corporate finance and restructuring. His current research can be broken down into four areas: (1) analyzing the economic importance of corporate credit agreements, (2) investigating the restructuring of highly leveraged firms, (3) documenting the impact of distressed debt trading on bankruptcy outcomes, and (4) studying the influence of corporate contracts and law on the quality of corporate governance.
Before joining the McIntire faculty, Professor Smith worked as an economist in the International Finance Division at the Federal Reserve Board. While at the board, he covered the Japanese and Chinese banking sectors and worked on issues related to international financial architecture. He has presented his research at universities and conferences around the world and published in leading academic journals, including The Journal of Finance;Journal of Financial Economics; Journal of Financial Intermediation; and Journal of Econometrics. Before joining the Federal Reserve, Professor Smith spent five years teaching at the Norwegian School of Management in Oslo, Norway. He has also held visiting scholar positions at the universities of Minnesota and Florida and at the Stockholm School of Economics.