Steven Feinstein

Associate Professor

Academic Division: Finance

Bio

Dr. Feinstein's research and teaching specialties are derivatives, valuation, and investments. His articles on these subjects have appeared in The Journal of Risk, Derivatives Quarterly, Derivatives Week, Primus, The Atlanta Federal Reserves's Economic Review, American Bankruptcy Institute Journal, Risk Management, Journal of Financial Planning and The Portable MBA in Finance and Accounting. Dr. Feinstein is the Managing Principal of Crowninshield Financial Research, LLC, a consulting firm that conducts economic and financial research and provides expert analysis and opinions relating to securities, investments, financial markets, and complex business litigation. Professor Feinstein has provided analysis and testimony in class action securities lawsuits, ERISA cases, the qui tam yield burning cases, derivatives valuations, and complex business litigation. Prior to entering academia, Dr. Feinstein was an economist at the Federal Reserve Bank of Atlanta.

Academic Degrees

  • Ph D, Yale University
  • M.Phil., Yale University
  • MA, Yale University
  • BA, Pomona College

Academic Interests

Corporate Valuation; Derivatives; Investments

Awards & Honors

  • 1993 - Reid Teaching Award, Washington University, Olin School of Business

Publications

Journal Articles

  • Feinstein, S.P., Hu, G., Marcus, M., Ali, Z. (2013). Underestimation of Securities Fraud Aggregate Damages Due to Inter-Fund Trades. Journal of Forensic Economics, 24(2), 161-173. link
  • Feinstein, S.P., Michel, A., Oded, J. (2011). Distortion in Corporate Vaulation: Implications of Capital Structure Changes. Managerial Finance
  • Feinstein, S.P., Michel, A., Shaked, I. (2005). Fraud-on-the-market Theory: Is a Market Efficient?. American Bankruptcy Institute Journal
  • Feinstein, S.P., Michel, A., Shaked, I. (2005). Valuation of Credit Guarantees. Journal of Forensic Economics, 17(1), 17-37.

Books

  • Feinstein, S.P. (2009). Planning Capital Expenditure. New York: Wiley

Working Papers

  • Feinstein, S.P. (2009). Financial Management of Risks. The Portable MBA in Finance and Accounting.

Presentations

  • Roundtable Discussion on Recent Federal Securities Law Decisions
    Feinstein, S. Roundtable Discussion on Recent Federal Securities Law Decisions AAJ Weekend With The Stars, New York, NY (2016)
  • Evidence of Tipping is Stock Price Data
    Feinstein, S. Evidence of Tipping is Stock Price Data Cutler Center Board Meeting, Babson (2010)
  • Determining a Defendant's Ability to Pay
    Feinstein, S. Determining a Defendant's Ability to Pay Taxpayers Against Fraud Education Fund Conference(2010)
  • determining the Defendant's Ability to Pay
    Feinstein, S. determining the Defendant's Ability to Pay Taxpayers Against Fraud Education Fund Conference(2010)

Professional Services

  • Reviewer, Journal Article
    Financial Management (2016)

Professional Memberships

  • National Association of Forensic Economics
    (2016)

Service

  • Faculty Workload and Compensation Committee
    (2017)