Maureen O'Hara (financial economist) explained

Maureen O'Hara
Nationality:American
Irish
Field:Financial economics
Work Institution:Samuel Curtis Johnson Graduate School of Management at Cornell University (1979–)
Alma Mater:Northwestern University Kellogg School of Management (Ph.D.)
Northwestern University (M.A.)
University of Illinois (B.S.)
Known For:Market microstructure

Maureen Patricia O'Hara is an American financial economist. O'Hara is the Robert W. Purcell Professor of Management, a professor of finance, and acting director in Graduate Studies at the Samuel Curtis Johnson Graduate School of Management at Cornell University. She has won numerous awards and grants for her research, served on numerous boards, served as an editor for numerous finance journals, and chaired the dissertations of numerous students. In addition, she is well known as the author of Market Microstructure Theory. She was the first female president of the American Finance Association. She has been awarded honorary doctorates from three European universities.

Research

O'Hara's research focuses on issues in market microstructure, and she is the author of Market Microstructure Theory[1] as well as numerous journal articles. Her most recent research has focused on high frequency market microstructure,[2] bond market microstructure, the impact of transparency on trading system performance, listing and delisting issues in securities markets, block chains and cryptocurrencies, and the role of liquidity and information risk in asset pricing. She also works on issues in finance and ethics with her most recent book being Something for Nothing: Arbitrage and Ethics on Wall Street.

In addition, O'Hara publishes widely on a broad range of topics including banking and financial intermediaries, law and finance, and experimental economics.[3] Among O'Hara's numerous awards are the CFA Institute's James R. Vertin Award (2020), the American Finance Association 2000 Smith-Breeden Distinguished Paper Award for "When the Underwriter is the Market Maker: An Examination of Trading in the IPO Aftermarket" (with Katrina Ellis and Roni Michaely),[4] 2002 Smith-Breeden Distinguished Paper Award for "Is Information Risk a Determinant of Asset Returns?" (with David Easley, and Soeren Hvidkjaer),[5] and 2003 Smith-Breeden Distinguished Paper Award for "Presidential Address: Liquidity and Price Discovery."[6] Prof. O'Hara is a co-inventor of the VPIN Flow Toxicity metric.[7]

Positions held

O'Hara was the executive editor of the Review of Financial Studies (1999–2005). She has served as president of the Western Finance Association, and as president of the American Finance Association. O'Hara is on the board of trustees of TIAA and was a director of New Star Financial. She has also served as board chair of Investment Technology Group, Inc. (ITG). She has consulted for a number of companies and organizations, including Microsoft, Merrill Lynch, Credit Suisse First Boston, the New York Stock Exchange, Bristol-Myers Squibb, and the World Federation of Exchanges. O'Hara is an advisor to Symbiont, Ava Labs and BMLL Technologies Ltd.[8]

O'Hara has been a faculty member at Johnson, serving as an assistant professor from 1979 to 1984, associate professor from 1985 to 1988 and full professor since 1989.[9] She has held visiting faculty appointments at UCLA, the London Business School, the University of New South Wales, the Hong Kong University of Science and Technology, Cambridge University and the University of Technology Sydney. She earned her BS in economics from the University of Illinois in 1975, her MS in economics in 1976, and her PhD in finance from Northwestern University in 1979.[10]

Selected publications

External links

Notes and References

  1. Book: O'Hara, Maureen. Market microstructure theory. 1999. Blackwell. Malden, MA. 0-631-20761-9. 1st.
  2. Web site: O'Hara. Maureen. High Frequency Market Microstructure . 23 May 2014. April 2014.
  3. Web site: Maureen O'Hara. Columbia Law School - Program in the Law and Economics of Capital Markets. Columbia University. 23 May 2014. New York. 2014.
  4. Web site: Abstracts of Smith Breeden Prize Winning Papers (2000) . 2007-09-10 . American Finance Association . dead . https://web.archive.org/web/20090529084848/http://www.afajof.org/journal/prizeabs.asp . 2009-05-29 .
  5. Web site: Abstracts of Smith Breeden Prize Winning Papers (2002) . 2007-09-10 . American Finance Association . dead . https://web.archive.org/web/20090529084848/http://www.afajof.org/journal/prizeabs.asp . 2009-05-29 .
  6. Web site: Abstracts of Smith Breeden Prize Winning Papers (2003) . 2007-09-10 . American Finance Association . dead . https://web.archive.org/web/20090529084848/http://www.afajof.org/journal/prizeabs.asp . 2009-05-29 .
  7. Easley, D., M. Lopez de Prado and M. O'Hara . Flow Toxicity and Liquidity in a High Frequency World. Review of Financial Studies. 25. 5. 1457–1493. 2012. 1695596. 10.1093/rfs/hhs053.
  8. https://www.bmlltech.com/, BMLL Technologies Ltd.
  9. Web site: Maureen O'Hara Vita. 2014-11-11. johnson.cornell.edu.
  10. Web site: Faculty: Maureen O'Hara. 2007-09-10. The Johnson School.