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Ben Blau

Ben Blau

Associate Professor

Department(s):
  • Economics and Finance Department


Educational Background

Ph.D., Finance, University of Mississippi, 2008 Emphasis: Econometrics & Micoeconomic Theory 
MS, Economics, Utah State University, 2005 Emphasis: Economic Theory
BS, Finance, Utah State University, 2002 Minor: Economics

Biography

Dr. Ben Blau graduated with honors and received a Ph.D. in Finance from the University of Mississippi in June 2008 after receiving both his Bachelors Degree (Finance, 2002) and Masters Degree (Economics, 2005) here at Utah State University. Ben is passionate about both teaching and research. Before joining the faculty at USU, he taught at the Marriott School at Brigham Young University and was recognized for “Outstanding Undergraduate Teaching” in 2009. Ben’s research interests include empirical asset pricing, market microstructure, and the efficiency of the financial system. He has published more than three dozen articles in academic journals such as the Journal of Financial and Quantitative Analysis, Journal of Banking and Finance, and Financial Management. His article titled, “Signaling, Free Cash Flow, and Nonmonotonic Dividends” won the Outstanding Paper award in the Financial Review in 2010. Another one of Ben’s article titled, “Trade Size and Price Clustering: The Case of Short Sales and the Suspension of Price Tests” won the 2012 Outstanding Article award at the Journal of Financial Research. His research has also been highlighted by several media outlets, such as the Wall Street Journal, SmartMoney Magazine, and Politico. In 2012, he was recognized as the Huntsman School Teacher of the Year and in 2013, he was again recognized as the Huntsman School Researcher of the Year.
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Awards

Graduate Research Mentor of the Year - 2015
Researcher of the Year - 2013
Teacher of the Year - 2012

Professional Interactions


Videos

 

Publications - Abstracts

    Publications - Books & Book Chapters

      Books

    • Blau, B., Brau, J., Holmes, A., (2015). Finance for MBAs. MyEducator *
    • Blau, B., Brau, J., Holmes, A., (2014). Principles of Finance. MyEducator *

    * Has not been peer reviewed

    Publications - Fact Sheets

      * Has not been peer reviewed

      Publications - Curriculum

        * Has not been peer reviewed

        Publications - Journal Articles

          Academic Journal

        • Blau, B., Whitby, R., Stock Lotteries and Option Listing Decisions. Journal of Futures Markets
        • Blau, B., Brough, T.J, Griffith, T., Bank Opacity and the Efficiency of Stock Prices. Journal of Banking and Finance
        • Blau, B., Economic Freedom and Crashes in Financial Markets. Journal of International Financial Markets, Institutions, and Money
        • Blau, B., Skewness Preferences, Asset Prices, and Investor Sentiment. Applied Economics, 49, 812-822.
        • Blau, B., Whitby, R.J, Idiosyncratic Kurtosis and Expected Returns. Journal of Investing
        • Blau, B., Bowles, T.B, Whitby, R.J, (2016). Gambling Preferences, Options Markets, and Volatility. Journal of Financial and Quantitative Analysis, 51, 515-540.
        • Blau, B., Griffith, T., (2016). Price Clustering and the Stability of Stock Prices. Journal of Business Research, 69, 3933-3942.
        • Blau, B., Hein, S., Whitby, R.J, (2016). The Financial Impact of Lender of Last Resort Borrowing from the Federal Reserve during the Financial Crisis. Journal of Financial Research, 39, 179-206.
        • Blau, B., Liebenberg, A., Wade, C., (2016). Information and Insurer Financial Stength Ratings: Do Short Sellers Anticipate A.M. Best Ratings Changes. Journal of Risk and Insurance, 83, 475-800.
        • Blau, B., Gorry, D., Wade, C., (2016). Guns, Laws, and Mass Shootings in the United States. Applied Economics, 48, 4732-4746.
        • Blau, B., Egginton, J., Hill, M., (2016). REITs and Market Friction. Review of Quantitative Finance and Accounting, 46, 1-24.
        • Blau, B., Nguyen, N., Whitby, R.J, (2015). The Distribution of REIT Liquidity. Journal of Real Estate Research, 23, 233-252.
        • Blau, B., Whitby, R., (2015). The Volatility of Bid-Ask Spreads. Financial Management, 44, 851-874.
        • Blau, B.M, (2015). Religiosity and the Volatility of Stock Prices: A Cross-Country Analysis. Journal of Business Ethics, 2015, 1-13.
        • Blau, B., Fuller, K.P, Wade, C., (2015). Short Sales, Informed Trading, and Merger Announcements. Journal of Financial Services Research, 48, 143-160.
        • Blau, B., Pinegar, J.M, Whitby, R.J, (2015). Skewness and the Asymmetry in Earnings Announcement Returns. Journal of Financial Research, 38, 145-168.
        • Blau, B., DeLisle, R., Price, M., (2015). Do Sophisticated Investors Interpret Earnings Conference Call Tone Differently than Investors at Large? Evidence from Short Sales. Journal of Corporate Finance, 31, 203-219.
        • Blau, B., Brough, T., (2015). Analyzing the Substitutability of Short Sales and Put-Call Ratios. Review of Derivatives Research, 18, 51-73.
        • Blau, B., Roseman, B., (2014). The Reaction of European Credit Default Swap Spreads to the U.S. Credit Rating Downgrade. International Review of Economics and Finance, 34, 131-141.
        • Blau, B., Brough, T.J, (2014). Short Sales and Options Listing Decisions. Financial Management, 43, 703-724.
        • Blau, B., Tew, P., (2014). Short Sales, Class-Action Lawsuits and Potential Information Leakages. Journal of Financial Markets, 20, 79-100.
        • Blau, B., Whitby, R., (2014). The Information Content of Option Ratios. Journal of Banking and Finance, 43, 179-187.
        • Blau, B., Whitby, R.J, (2014). Speculative Trading in REITs. Journal of Financial Research, 37, 55-74.
        • Blau, B., Brough, T.J, Thomas, D.W, (2014). Economic Freedom and the Stability of Stock Prices: A Cross-Country Analysis. Journal of International Money and Finance, 41, 182-196.
        • Blau, B., Smith, J.M, (2014). Autocorrelation in Short-Sale Volume. Quarterly Review of Economics and Finance, 54:1, 31-41.
        • Blau, B., Brough, T.J, Stephens, N., Smith, J.L, (2013). Short Sales and Auditor Dismissals. Journal of Accounting, Auditing & Finance, 28, 348-368.
        • Blau, B., Brough, T., Thomas, D., (2013). Corporate Lobbying, Political Connections, and the Bailout of Banks. Journal of Banking and Finance, 37:8, 3007–3017.
        • Blau, B., Wade, C., (2013). Comparing the Information in Short Sales and Put Options. Review of Quantitative Finance and Accounting, 41, 567-583.
        • Blau, B., Pinegar, J.M, (2013). Are Short Sellers Incrementally Informed Prior to Earnings Announcements. Journal of Empirical Finance, 21, 142-155.
        • Blau, B., (2013). Informed Short Sales and Option Introductions. Annals of Finance, 9, 365-382.
        • Blau, B., Alldredge, D.M, Brough, T.J, (2012). After Hours Short Selling. Journal of Economics and Business, 64, 439-451.
        • Blau, B., Fuller, K.P, Van Ness, R.A, (2012). Short Selling around Dividend Announcements and Ex-Dividend Days. Journal of Corporate Finance, 17, 628-639.
        • Blau, B., Van Ness, B.F, Van Ness, R.A, (2012). Do Short Sellers Trade in Anticipation of Short Interest Announcements?. Journal of Trading, 7, 35-46.
        • Blau, B., Brough, T.J, (2012). Concentrated Short-Selling Activity: Bear Raids or Contrarian Trading?. International Journal of Managerial Finance
        • Blau, B., (2012). Short Interest and Frictions in the Flow of Information. Financial Management, 41, 371-394.
        • Blau, B., Van Ness, B.F, Van Ness, R.A, (2012). Trade-Size and Price Clustering: The Case of Short Sales. Journal of Financial Research
        • Blau, B., Brough, T.J, (2012). Short Sales, Stealth Trading, and the Suspension of Price Tests. Quarterly Review of Economics and Finance, 52, 38-48.
        • Blau, B., Van Ness, R.A, Warr, R., (2012). Shorting Selling ADRs and Foreign Market Short-Sale Constraints. Journal of Banking and Finance, 36:3, 886-897.
        • Blau, B., Wade, C., (2012). Informed or Speculative: Short Selling Analyst Recommendations. Journal of Banking and Finance, 36:1, 14-25.
        • Blau, B., Brough, T.J, (2011). Is the Trading of ETFs a Bearish Signal. Journal of Trading, 6, 32-40.
        • Blau, B., Van Ness, B.F, Van Ness, R.A, (2011). Information in Short Selling: Comparing NASDAQ and the NYSE. Review of Financial Economics, 20, 1-20.
        • Blau, B., Hill, M., Wang, H., (2011). Short Sales and Return Predictability: A Comparison of REITs and Common . Journal of Real Estate Finance and Economics, 42, 481-503.
        • Blau, B., Fuller, K.P, (2010). Signaling, Free Cash Flow, and Nonmonotonic Dividends. Financial Review, 45, 21-56.
        • Blau, B., (2010). Short Selling in Volatile Markets. Journal of Trading, 5, 14-27.
        • Blau, B., Van Ness, B.F, Van Ness, R.A, (2009). Short Selling and the Weekend Effect for NYSE Securities. Financial Management, 38, 603-630.
        • Blau, B., Van Ness, B.F, Van Ness, R.A, (2009). Information and Trade Sizes: The Case of Short Sales. Quarterly Review of Economics and Finance, 49, 1371-1388.
        • Blau, B., Van Ness, R.A, Wade, C., (2008). Capitalizing on Catastrophe: Short Selling Insurance Companies around Hurricanes Katrina and Rita. Journal of Risk and Insurance, 75, 967-996.
        • Blau, B., Fuller, K.P, (2008). Flexibility and Dividends. Journal of Corporate Finance, 14, 133-152.
        • Blau, B., Van Ness, B.F, Van Ness, R.A, (2006). An Analysis of Short Selling in NYSE-Listed Securities . Journal of Trading, 1, 14-21.
        • Professional Journal

        • Blau, B., (2009). Intraday Stealth Trading: Which Trades Move Prices During Periods of High Volume? . Journal of Financial Research, 32, 1-21.

        * Has not been peer reviewed

        Publications - Literary Journal

          * Has not been peer reviewed

          Publications - MultiMedia

            * Has not been peer reviewed

            Publications - Technical Reports

              * Has not been peer reviewed

              Publications - Translations & Transcripts

                Publications - Other

                  * Has not been peer reviewed

                  Scheduled Teaching

                  FIN 5100 - Financial Markets and Trading, Spring 2017

                  HONR 4900 - Honors Thesis/Capstone, Spring 2017

                  FIN 6460 - Investment Analysis, Spring 2017

                  FIN 3200 - Financial Management, Fall 2016

                  FIN 3200 - Financial Management, Fall 2016

                  FIN 4300 - International Finance, Spring 2016

                  FIN 6460 - Investment Analysis, Spring 2016

                  FIN 3200 - Financial Management, Fall 2015

                  FIN 3200 - Financial Management, Fall 2015

                  FIN 3200 - Financial Management, Fall 2015

                  FIN 4300 - International Finance, Spring 2015

                  FIN 6460 - Investment Analysis, Spring 2015

                  FIN 4300 - International Finance, Fall 2014

                  FIN 3400 - Corporate Finance, Summer 2014

                  FIN 6460 - Investment Analysis, Spring 2014

                  FIN 3400 - Corporate Finance, Fall 2013

                  FIN 4300 - International Finance, Fall 2013

                  FIN 3400 - Corporate Finance, Summer 2013

                  FIN 3400 - Corporate Finance, Spring 2013

                  FIN 3400 - Corporate Finance, Spring 2013

                  FIN 6460 - Investment Analysis, Spring 2013

                  FIN 3400 - Corporate Finance, Summer 2012

                  FIN 6460 - Investment Analysis, Spring 2012

                  FIN 4460 - Investments, Spring 2012

                  FIN 4460 - Investments, Fall 2011

                  FIN 3400 - CORPORATE FINANCE (QI), Summer 2011

                  FIN 3400 - CORPORATE FINANCE (QI), Spring 2011

                  FIN 4460 - INVESTMENTS, Spring 2011

                  FIN 6440 - FINANCIAL DECISIONS, Fall 2010

                  FIN 4480 - PORTFOLIO THEORY AND RISK MGMT, Fall 2010

                  FIN 3400 - CORPORATE FINANCE (QI), Summer 2010

                  FIN 3400 - CORPORATE FINANCE (QI), Spring 2010

                  FIN 4460 - INVESTMENTS, Spring 2010

                  FIN 5460 - ADVANCED INVESTMENTS, Fall 2009

                  FIN 3400 - CORPORATE FINANCE (QI), Fall 2009