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Jennifer Bethel

Professor

Academic Division: Finance

Bio

Jennifer Bethel is a Professor of Finance at Babson College in Wellesley, MA. Dr. Bethel has presented her research at numerous professional conferences, and has published her work in both in academic and practitioner journals, including the Journal of Finance, Financial Management Journal, the Journal of Corporate Finance, Journal of Applied Corporate Finance, Organization Science, and the Strategic Management Journal. She has consulted to the U.S. Securities and Exchange Commission and numerous private companies. Dr. Bethel received a M.A. in economics and a Ph.D. in business from the University of California at Los Angeles, and a B.B.A. from the University of Texas. Previously, she was a post-doctoral fellow at Harvard’s School of Business Administration, on the faculty of New York University, and a management consultant at Temple, Barker, & Sloane (currently Mercer Management Consulting) in Boston. Dr. Bethel joined Babson College in 1994 and was Chair of the Finance Division from 2000-2003. She served as the Chief Economist for the Division of Corporation Finance at the U.S. Securities and Exchange Commission from 1996 to 1999 and as a Financial Economist/Expert Consultant in the Division of Economic and Risk Analysis from 2012-2016.

Academic Degrees

  • Ph D, University of California, Los Angeles (UCLA)
  • MA, University of California, Los Angeles (UCLA)
  • BBA, University of Texas, Austin

Academic Interests

Capital Markets; Corporate Finance; Financial Economics; Securities Law and Finance

Awards & Honors

  • 2015 - "Chair's Award for Excellence", U.S. Securities & Exchange Commission, Chair Mary Jo White
  • 2014 - “Director’s Award”, U.S. Securities & Exchange Commission, Division of Economics and Risk Analysis
  • 2003 - "Who’s Who in Business Higher Education”, Who's Who
  • 2003 - "Women in the History of the SEC", U.S. Securities & Exchange Commission
  • 1998 - "Capital Markets Award", U.S. Securities & Exchange Commission, Chairman Arthur Levitt

Courses

Degree Courses 2016-2017
  • SME 2021: PRINCIPLES OF FINANCE
Degree Courses 2015-2016

Publications

Journal Articles

  • Bethel, J.E., Krigman, L.A. (2010). Managing the Costs of Issuing Common Equity: The Role of Registration Choice. Quarterly Journal of Finance and Accounting, 47(4), 57-85.
  • Bethel, J.E., Hu, G., Wang, Q. (2009). The Market for Shareholder-Voting Rights Around Mergers and Acquisitions: Evidence from Institutional Daily Trading and Voting. Journal of Corporate Finance, 15, 129-145.
  • Krigman, L.A., Bethel, J.E. (in press). The Costs of Issuing Common Equity: Information Asymmetry and Registration Choice. Journal of Corporate Finance
  • Bethel, J.E. (2007). Recent Changes in Disclosure Regulation: Description and Evidence. Journal of Corporate Finance, 13, 335-342.
  • Bethel, J.E., Gillan, S. (2004). Corporate Voting’s Dimpled Chad? The Broker Vote and Beyond. Corporate Governance Bulletin, 22(1), 10-12.
  • Bethel, J.E., Gillan, S. (2002). The Impact of the Institutional and Regulatory Environment on Shareholder Voting. Financial Management Journal, 31(429-54)
  • Bethel, J.E., Liebeskind, J., Opler, T. (1998). Block Share Purchases and Corporate Performance. Journal of Finance, 53(2), 605–634.
  • Bethel, J.E., Liebeskind, J. (1998). Diversification and the Legal Organization of the Firm. Organization Science, 9(1), 49–67.
  • Bethel, J.E., Sirri, E.R. (1998). Express Lane or Tollbooth in the Desert? The SEC’s Framework for Security Issuance. Journal of Applied Corporate Finance, 11(1), 25–38.
  • Bethel, J.E., Asquith, D. (1995). The Use of Heuristics in Capital Budgeting: The Case of Ranking Projects by IRR. Engineering Economist, 40(3), 287–294.
  • Bethel, J.E., Liebeskind, J. (1993). The Effects of Ownership Structure on Corporate Restructuring. , 14, 15–31.

Reports

  • Bethel, J.E. (2014). Memorandum from DERA regarding Demand and Supply of Safe Assets in the Economy. U.S. Securities & Exchange Commission link
  • Bethel, J.E., Hiltgen, D. (2014). Memorandum from DERA Regarding Government Money Market Fund Exposure to Non-Government Securities. U.S. Securities & Exchange Commission link
  • Bethel, J.E., Hiltgen, D. (2014). Memorandum from DERA regarding Municipal Money Market Fund Exposure to Parents of Guarantors. U.S. Securities & Exchange Commission link
  • Bethel, J.E., , S. (2012). Response to Questions Posed by Commissioners Aguilar, Paredes, and Gallagher. U.S. Securities & Exchange Commission

Others

  • Bethel, J.E. (in press). Memo on OTC Fraud
  • Bethel, J.E., , M. (in press). Memo on Staff Consultation Paper No. 2015-01: The Auditor's Use of the Work of Specialists link
  • Bethel, J.E., , M. (2014). Money Market Fund Reform; Amendments to Form PF, Final Federal Rule. Washington, DC: Office of the Federal Register, National Archives and Records Administration link
  • Bethel, J.E., , S. (2013). Crowdfunding, Release Nos. 33-9470; 34-70741; File No. S7-09-13. Washington, DC: Office of the Federal Register, National Archives and Records Administration
  • Bethel, J.E., , M. (2013). Money Market Fund Reform; Amendments to Form PF, Proposed Federal Rule. Washington, DC: Office of the Federal Register, National Archives and Records Administration
  • Krigman, L.A., Bethel, J.E. (in press). The Costs of Issuing Common Equity: Information Asymmetry and Registration Choice

Presentations

  • Securities Regulation During and After the 2008 Financial Crisis
    Bethel, J., Sirri, E. Securities Regulation During and After the 2008 Financial Crisis Federal Reserve Bank of Chicago Seventeenth Annual International Banking Conference, Chicago, IL (2014)
  • Securities Regulation During and After the 2008 Financial Crisis
    Bethel, J., Sirri, E. Securities Regulation During and After the 2008 Financial Crisis Seminar, Kingston, RI (2014)
  • Real Estate Financing in Today's Tumultuous Market
    Harris, B., Bethel, J. Real Estate Financing in Today's Tumultuous Market Babson Alumni Association(2010)
  • Legal and Economic Issues in Litigation Arising from the 2007-2008 Credit Crisis
    Bethel, J., Ferrell, A., Hu, G. Legal and Economic Issues in Litigation Arising from the 2007-2008 Credit Crisis Federalist Society, Washington, DC (2009)
  • Legal and Economic Issues in Litigation Arising from the 2007-2008 Credit Crisis
    Bethel, J., Ferrell, A., Hu, G. Legal and Economic Issues in Litigation Arising from the 2007-2008 Credit Crisis Harvard Kennedy School, Cambridge, MA (2009)
  • Legal and Economic Issues in Litigation Arising from the 2007-2008 Credit Crisis
    Bethel, J., Ferrell, A., Hu, G. Legal and Economic Issues in Litigation Arising from the 2007-2008 Credit Crisis Duff & Phelps Subprime Summit , New York, NY (2008)
  • The Market for Shareholder‑Voting Rights Around Mergers and Acquisitions: Evidence from Institutional Daily Trading and Voting
    Bethel, J., Hu, G., Wang, Q. The Market for Shareholder‑Voting Rights Around Mergers and Acquisitions: Evidence from Institutional Daily Trading and Voting Financial Management Association, Grapevine, TX (2008)
  • Securities Regulation During and After the 2008 Financial Crisis
    Bethel, J., Ferrell, A., Hu, G. Securities Regulation During and After the 2008 Financial Crisis Prudent Lending Restored: Securitization After the 2007 Mortgage Securities Meltdown , Washington, DC (2008)
  • Legal and Economic Issues in Litigation Arising from the 2007-2008 Credit Crisis
    Bethel, J., Ferrell, A., Hu, G. Legal and Economic Issues in Litigation Arising from the 2007-2008 Credit Crisis Harvard Law School, Cambridge, MA (2008)
  • Economic and Legal Issues
    Bethel, J., Ferrell, A. Economic and Legal Issues Seminar on Subprime Litigation, Boston, MA (2008)
  • Legal and Economic Issues in Litigation Arising from the 2007-2008 Credit Crisis
    Bethel, J., Ferrell, A., Hu, G. Legal and Economic Issues in Litigation Arising from the 2007-2008 Credit Crisis Cornerstone Research, New York, NY (2008)
  • Legal and Economic Issues in Litigation Arising from the 2007-2008 Credit Crisis
    Bethel, J., Ferrell, A., Hu, G. Legal and Economic Issues in Litigation Arising from the 2007-2008 Credit Crisis Morgan Stanley Asset Management , New York, NY (2008)
  • Legal and Economic Issues in Litigation Arising from the 2007-2008 Credit Crisis
    Bethel, J., Ferrell, A., Hu, G. Legal and Economic Issues in Litigation Arising from the 2007-2008 Credit Crisis CRA International , Boston, MA (2008)
  • Legal and Economic Issues in Litigation Arising from the 2007-2008 Credit Crisis
    Bethel, J., Ferrell, A., Hu, G. Legal and Economic Issues in Litigation Arising from the 2007-2008 Credit Crisis Skadden, Arps, Slate, Meagher & Flom, LLP, Boston, MA (2008)
  • The Market for Shareholder‑Voting Rights Around Mergers and Acquisitions: Evidence from Institutional Daily Trading and Voting
    Bethel, J., Hu, G., Wang, Q. The Market for Shareholder‑Voting Rights Around Mergers and Acquisitions: Evidence from Institutional Daily Trading and Voting Corporate Control, Mergers and Acquisitions, Atlanta, GE (2008)
  • Managing the Costs of Issuing Common Equity: The Role of Registration Choice
    Bethel, J., Krigman, L. Managing the Costs of Issuing Common Equity: The Role of Registration Choice Midwest Finance Association Meetings, San Antonio, TX (2008)
  • Legal and Economic Issues in Litigation Arising from the 2007-2008 Credit Crisis
    Hu, G., Bethel, J., Ferrell, A. Legal and Economic Issues in Litigation Arising from the 2007-2008 Credit Crisis Brookings-Tokyo Club-Wharton Conference, Prudent Lending Restored: Securitization After the 2007 Mortgage Securities Meltdown, Washington DC (2008)
  • The Market for Shareholder-Voting Rights Around Mergers and Acquisitions: Evidence from Institutional Daily Trading and Voting
    Hu, G., Bethel, J., Wang, Q. The Market for Shareholder-Voting Rights Around Mergers and Acquisitions: Evidence from Institutional Daily Trading and Voting Conference and Special Issue of the Journal of Corporate Finance on Corporate Control, Mergers and Acquisitions, Atlanta, GA (2008)
  • The Market for Shareholder-Voting Rights Around Mergers and Acquisitions: Evidence from Institutional Daily Trading and Voting
    Hu, G., Bethel, J., Wang, Q. The Market for Shareholder-Voting Rights Around Mergers and Acquisitions: Evidence from Institutional Daily Trading and Voting Financial Management Association (FMA) Meeting, Dallas (2008)
  • Institutional Investor Activism: Evidence from Voting and Daily Trading Around
    Bethel, J., Hu, G., Wang, Q. Institutional Investor Activism: Evidence from Voting and Daily Trading Around Shareholders and Corporate Governance Research Agenda and, Oxford, Oxfordshire, England (2007)
  • Policy Issues Raised by Structured Products
    Bethel, J., Ferrill, A. Policy Issues Raised by Structured Products Boston Securities Analysis Society Monthly Meeting, Boston, MA (2007)
  • Policy Issues Raised by Structured Products
    Bethel, J., Ferrill, A. Policy Issues Raised by Structured Products Fixed Income Conference, New York, NY (2007)
  • The Market for Shareholder-Voting Rights Around Mergers and Acquisitions: Evidence from Institutional Daily Trading and Voting
    Hu, G., Bethel, J., Wang, Q. The Market for Shareholder-Voting Rights Around Mergers and Acquisitions: Evidence from Institutional Daily Trading and Voting Shareholder and Corporate Governance Conference, Undisclosed (2007)
  • Policy Issues Raised by Structured Products
    Bethel, J., Ferrill, A., , Policy Issues Raised by Structured Products Structured Products Association Annual Meeting, New York, NY (2007)
  • Structured Products
    Bethel, J. Structured Products Training Series, Washington, DC (2007)
  • Policy Issues Raised by Structured Products
    Bethel, J., Ferrill, A. Policy Issues Raised by Structured Products New Financial Instruments and Institutions: Opportunities and Policy Challenges, Washington, DC (2006)
  • Recent Changes in Disclosure Regulation: Description and Evidence
    Bethel, J. Recent Changes in Disclosure Regulation: Description and Evidence Boundaries of SEC Regulation Conference , Claremont, CA (2006)