Finance Division Faculty Profiles

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Spencer Adams

  • Lecturer
Mr. Adams is an accomplished finance professional with over 20 years of experience as an investment banker and corporate financial executive. He has advised dozens of companies on a wide range of corporate finance and strategic initiatives and acted as lead banker on transactions with an aggregate value in excess of $2 billion. Mr. Adams has specific deal experience in initial public offerings, public and private equity offerings, convertible debt issuance, loan portfolio acquisitions/divestitures, corporate mergers & acquisitions, real estate investments, fairness opinions and financial restructuring.

In addition to his investment banking background, Mr. Adams has served as the Chief Financial Officer for three emerging growth technology companies. He has extensive experience in corporate financial management and accounting, financial reporting, pricing, strategic planning, FP&A, capital management & treasury, venture capital raising, and general executive leadership.

Mr. Adams received his BA in Political Science from the George Washington University where he graduated Magna Cum Laude and Phi Beta Kappa. He holds an MBA from the Amos Tuck School of Business at Dartmouth College.
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John Ashburne

  • Adjunct Lecturer
John J. Ashburne joined the Babson faculty as a part-time lecturer in the Fall of 2016. John has more than 30 years' experience in corporate and project finance serving the global energy, power, minerals and infrastructure sectors with senior level positions at major Wall Street firms and in the Treasury and Controllers' areas of multi-national diversified corporations.

John is the lead principal at Black Horse Advisors, a financial advisory firm founded in 2007 focused on the renewable and conventional energy, power, infrastructure, metals, and mining industries. He has originated, structured and arranged more than $26 billion in capital for acquisitions, project and structured finance and leveraged recapitalizations in North and South America, Europe and Asia. Many transactions set new market precedents and his track record includes a Top Ten Most Creative Deal of the Year in Latin America project finance.

Prior to founding Black Horse Advisors, Mr. Ashburne was a Director of Structured Commodity Products at Standard Bank, working with producers, consumers and investors in natural resources. Earlier positions were as Managing Director and Group Head in Project Finance for the Americas at Deutsche Bank Securities, at UBS, Barclays Bank, and starting at J.P. Morgan after graduation from business school.

As Assistant Treasurer of Peter Kiewit Sons', Inc., a $6 billion revenues, privately owned diversified manufacturing company, he was responsible for all banking and rating agency relationships, negotiated debt financings, oversaw $1.1 billion in pension fund assets and managed currency and interest rate risks at both the investment grade parent company and at the non-investment grade subsidiary with global operations on five continents. As Assistant Controller of Turner Construction Company, he was responsible for project financial risk management, reporting and control for the corporation's 42 business units around the world.

As Adjunct Lecturer at the New York University School of Continuing Professional Studies and at the John F. Welch School of Business at Sacred Heart University in Fairfield, CT, John has taught courses at the graduate level in Managerial Accounting and Business Valuations and at the undergraduate level in Investments and International Financial Management.


M.B.A. in Finance from the Tuck School of Business at Dartmouth College

B.S., Magna Cum Laude, with concentrations in Management, Accounting and Finance from Northeastern University.
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Michael Bayer

  • Adjunct Lecturer
Michael Bayer has more than 20 years of expertise in finance, operations, technology and business development primarily for venture-backed technology companies. He currently serves as Chief Financial Officer for Wasabi Technologies, a provider of high performance cloud storage, and he was recently honored as a Boston Business Journal CFO of the Year.

Michael's past experience includes CFO roles at organizations including ecommerce innovator, where he managed the firm's IPO; optical networking company LightChip and storage appliance vendor Revivio, where he managed their acquisitions; iZotope, a provider of software and solutions for the audio industry; and a number of other companies across a wide array of technologies including software, mobile, ecommerce, healthcare information and cleantech. Bayer also co-founded RPM Communications, where he led the launch of a 100,000-user mobile social network. He began his career as a financial and investment consultant at BDO Seidman, and he also served in financial management roles at Avery Dennison.

Currently, Michael is a member of the Steering Committee for The CFO Leadership Council, where he chaired the 2014 CFO Technology Conference. In the past, he was also a Clean Energy Fellow with the New England Clean Energy Council. A chartered financial analyst (CFA), Michael holds an MBA from Cornell University, where he was an Albert Fried, Jr. Fellow and a Bachelor of Science from Babson College. He also studied Computer Science and Economics at Brandeis University.
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Jennifer Bethel

  • Professor
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.
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Richard Bliss

  • Professor
  • National Academic Director - Goldman Sachs 10,000 Small Businesses
Dr. Bliss is a Professor of Finance at Babson College in Wellesley, Massachusetts. He has been involved in corporate and entrepreneurial finance since 1987, with industry experience that includes time at Touche Ross & Company in New York as a consultant, and senior financial positions at Van Camp Seafood Company and Safety One, Inc., a specialty chemicals start-up. He teaches at the undergraduate, MBA, and executive levels, specializing in the areas of Corporate Financial Strategy, Sustainability, Risk Management, and Entrepreneurial Finance.

Prior to coming to Babson, Dr. Bliss was on the faculty at Indiana University and he has taught extensively in Central and Eastern Europe, including at the Warsaw School of Economics, Warsaw University, and the University of Ljubljana in Slovenia. He is a visiting faculty for the Technical University of Denmark's Certificate in Entrepreneurial Leadership Program in Copenhagen. He has developed and delivered customized corporate training programs for Bausch & Lomb, Lucent Technologies, Irving Oil, the Slovak American Enterprise Fund in Bratislava, Slovakia, the Foundation for the Establishment of the Futures Exchange in Warsaw and Bright China Management Institute in Beijing.

Most recently, Dr. Bliss is a member of the Babson team helping to develop and deliver the curriculum for the Goldman Sachs 10,000 Small Businesses Program, a US$500 million initiative designed to create jobs and spur economic activity through greater access to business education, mentors, networks and financial capital.

With publications in the areas of corporate finance, entrepreneurship, and banking, Dr. Bliss has an active research agenda. His current research considers the impact of gender teamwork on mutual fund manager investment decisions. His work has been published in the Journal of Financial Economics, Derivatives Quarterly, and The Journal of Small Business Management, among others. He has also written numerous book chapters and case studies in the areas of corporate financial strategy, risk management, entrepreneurial finance, and emerging markets. His book, Entrepreneurial Finance: Strategy, Valuation & Deal Structure, co-authored with Janet Kiholm-Smith and Richard L. Smith, was published in April 2011 by the Stanford University Press.

Dr. Bliss holds a Ph.D. in Finance and M.A. in Economics from Indiana University. He has also received his M.B.A. in Finance/Real Estate from Indiana University and graduated with honors from Rutgers University, earning a B.S. degree in Engineering and a B.A. degree in Economics.
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Cary Bussema

  • Adjunct Lecturer
Mr. Bussema has over 30 years experience as a fixed income investment professional with extensive product structuring and marketing expertise, as well as analysis, underwriting and portfolio management skills. He has worked in banking, investment banking, leasing and private placement fixed income investment management.

Most recently, until early 2016, Mr. Bussema worked for Citizens Asset Finance, the $6 billion leasing company of Citizens Financial Group. At Citizens, Mr. Bussema served as team leader of credit and underwriting of new financings. Additionally, he led CAF's development of a new Structured Finance business line initiative.

Prior to joining Citizens, Mr. Bussema was a founding principal of, and worked fourteen years at 42 North Structured Finance and its predecessor organization, Key Global Finance, a management owned corporate investment advisor that delivered more that $8B of customized structured finance solutions in industrial and energy project finance, as well as structured financing for real and personal property. Real estate transaction structures included sale-leasebacks and credit tenant leases. Mr. Bussema was responsible for credit underwriting, portfolio management and assisted in the syndication of complex structures and investments to banks, insurance companies and investment funds.

Before 42 North, he spent thirteen years in the Investment Department of New England Life in positions of increased authority, ultimately as Division Head of the Private Placement Group, responsible for a team that managed a portfolio of $2.5B and invested $500M annually.

Mr. Bussema earned his MBA degree from the University of Chicago's Booth School of Business, concentrating in finance and accounting, and holds a BA in Economics from DePauw University in Greencastle, IN. He was awarded his Chartered Financial Analyst (CFA) designation in 1986. Mr. Bussema resides in Wellesley with is wife and two college-aged daughters.
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John Chaimanis

  • Adjunct Lecturer
Mr. Chaimanis is the Co-Founder and Managing Director of Kendall Sustainable Infrastructure (KSI), a private equity firm that makes direct investments in clean-energy projects.

In 2005, Mr. Chaimanis began working in clean energy finance, which represents the nexus of his business interests with his passion for making a positive impact. After working with regional renewable energy project developers in the New England area, he joined a subsidiary of Edison International in California, where he acquired and developed 250MW of wind energy projects, investing over $500 million dollars.

Mr. Chaimanis regularly advises clean energy startups, and consults with investors looking to understand the clean energy investment landscape. He has been featured in the 2014 Journal of Environmental Investing Most Influential Investors edition, the Family Office Review, and is the author of an energy investment business case. Mr. Chaimanis speaks frequently on the topic of clean energy finance and is an adjunct faculty member at Babson College.

Prior to his career in clean energy investing, Mr. Chaimanis was a founder of a charter school in the greater Boston area. Mr. Chaimanis holds an M.B.A. from Babson College, a B.S. in Finance from Villanova University, and has earned certification from US SIF for Sustainable and Responsible Investing (SRI).

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Jaime d'Almeida

  • Adjunct Lecturer
Jaime d'Almeida is a Principal at d'Almeida Consulting LLC. He has managed hundreds of valuation engagements, has over 20 years of experience in economic and valuation analysis and consulting, and has provided both deposition and trial testimony on valuation and damages issues. He received his M.B.A. in entrepreneurship from FW Olin Graduate School of Business at Babson College and his B.S. in electrical engineering/engineering and public policy from Carnegie Mellon University. Jaime is also an Accredited Senior Appraiser of the American Society of Appraisers, and a Certified Fraud Examiner.
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Ryan Davies

  • Professor
Ryan J. Davies is a Professor of Finance. He teaches advanced undergraduate and graduate finance electives, including Financial Trading Strategies and Risk Management, Fixed Income and Structured Products, Financial Markets and Institutions, Security Valuation, Options and Futures, and Capital Markets. He is passionate about experiential learning and incorporates trading simulation software and real-time market data into all of his courses. He is the faculty advisor for the Babson trading competition team, which has been very successful at the annual Rotman International Trading Competition. He formerly served as faculty advisor for numerous award winning undergraduate business case competition teams. He was Chair of the Finance Division from July 2016 to August 2020.

Professor Davies has been a visiting academic scholar at Paris-Dauphine University, the University of the West Indies, the University of Illinois, and the University of New South Wales. Prior to joining Babson College in 2004, he was a lecturer for three years at the ICMA Centre of the University of Reading in England. He has taught in a Babson executive education course for Siemens, in the International Capital Market Association's International Fixed Income and Derivatives program, and in the HSE Executive MBA program in Seoul, Korea.

Professor Davies is an expert on financial market microstructure. His past research has examined diverse topics such as: the impact of European Union securities markets regulation (particularly MiFID); the role of market preopening sessions on price discovery; the usage of matched sample estimation to test for differences in trade execution costs; the effects of strategic end-of-quarter trading by mutual fund managers; and the response of financial intermediaries to an alleged manipulation of commodity futures settlement prices. He also helped develop a widely cited portfolio optimization method for funds of hedge funds. In recognition of the impact of this research, he won the Babson College Faculty Scholarship Award in 2011. His research has been published in peer-reviewed journals such as the Review of Financial Studies, Journal of Financial Markets, Journal of Corporate Finance, Journal of Derivatives and Hedge Funds, Canadian Journal of Economics, Journal of Futures Markets, and Economics Letters.

Professor Davies is an Executive Advisor at ScottMadden Management Consultants. In that capacity, he has testified as an expert witness before the Alberta Utilities Commission. He is an Advisor to the Board of Artisan Industries, Inc. and a Business Advisor to Volos Portfolio Solutions LLC. He formerly was Treasurer and Executive Board member of the Wellesley Community Children's Center.
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John Edmunds

  • Professor
John C. Edmunds is Professor of Finance at Babson College. He has taught extensively at overseas MBA programs, including Instituto de Empresa in Madrid, Spain, INCAE in Central America and La Universidad Catlica Madre y Maestra in the Dominican Republic, and two universities in Chile. He has also taught at other schools in the Boston area, including the Arthur D. Little School of Management, Boston University, the Fletcher School of Law and Diplomacy, Harvard University, Hult International Business School, and Northeastern University. He is a member of the Golden Key Society, and at Hult as well as Arthur D. Little he was voted Professor of the Year. He has lived in six countries and spent eighteen years abroad. He is fluent in Spanish and also speaks French.

Dr. Edmunds's areas of interest are international finance, derivatives, capital markets, and emerging markets. He is the author of over 300 articles and cases published both in academic and practitioner journals. He has published five books. Over 150 of his articles are about Latin American capital markets and have been published in Spanish. Six of the most cited are Financiar a Emprendedores, Estrategia (Chile), Cayendo al Segundo Lugar? El Diario Financiero (Chile), Iberoamrica necesita un Davos propio, Expansin (Madrid), Los Nuevos Ricos, Amrica Economa, Cundo Emerger la Bolsa Emergente? El Diario Financiero (Chile), and El Valor Escondido de Amrica Latina, Amrica Economa.

Dr. Edmunds holds a D.B.A. in International Business from Harvard Business School, an M.B.A. in Finance and Quantitative Methods with honors from Boston University, an M.A. in Economics from Northeastern University, and an A.B. in Economics cum laude from Harvard College. He has consulted with the Harvard Institute for International Development, the Rockefeller Foundation, Stanford Research Institute, and numerous private companies.
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Erin Degnan Escobedo

  • Lecturer
Erin Degnan Escobedo teaches Babson's real estate curriculum and has designed several courses within the curriculum. She is a licensed attorney in Massachusetts and Florida and a licensed real estate broker in Massachusetts. Erin has practiced law since 2004, focusing her practice primarily on real estate law, corporate transactions, and commercial litigation. She has extensive experience representing Fortune 500 companies and individual clients as a litigator and transactional attorney with Shutts & Bowen LLP in Miami, FL. Erin later worked as an Associate General Counsel to a NASDAQ-listed, real estate corporation engaged in home building, land development, and other real estate operations in multiple states and managing approximately $545,000,000 in total assets.

Prior to joining Babson, Erin was a Lecturer at the University of Miami School of Business Administration in Miami, FL and a Visiting Assistant Professor at Florida International University College of Law.

At Babson, Erin designed and teaches the following courses: FIN 7566 Real Estate Transactions, FIN 9510 Residential Real Estate: Acquisition, Disposition, Finance and Leasing, FIN 3511 Residential Real Estate, and FIN 3512 Real Estate Transactions and Law. Erin also teaches FIN 7578 Real Estate Development, which she redesigned as an intensive elective, and FIN 3555 Real Estate Investment.

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Steven Feinstein

  • Associate Professor
Dr. Feinstein's research and teaching specialties are investments, valuation, equities, bonds, derivatives, and forensic finance. His articles on these subjects have appeared in The Review of Quantitative Finance and Accounting, The Journal of Risk, Derivatives Quarterly, Primus, The Atlanta Federal Reserve'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 Founder and President of Crowninshield Financial Research, Inc., 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.
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Michael Goldstein

  • Professor
  • Donald P. Babson Professor of Applied Investments
  • Faculty Director, Master of Science in Finance Program
Dr. Goldstein is the Faculty Director of the Master of Science in Finance Program at Babson College. He holds the Donald P. Babson Chair in Applied Investments and is a Professor of Finance at Babson College. He has taught in the undergraduate, MBA, and Executive Education programs. He has also taught at Boston College and at the University of Colorado at Boulder, where he received the Proctor & Gamble Teaching Excellence Award. He was an Honorary Professor at Queen's University Belfast (UK), a Visiting Professor at Trinity College Dublin (Ireland) and at The University of Sydney (Australia). He is a Visiting Professorial Fellow at the Climate Change Research Center in the Faculty of Science at the University of New South Wales (UNSW), Australia.

Dr. Goldstein is Chair of the Economic Advisory Committee for the Financial Industry Regulatory Authority (FINRA), and has served as a panelist on three SEC roundtables. He also served as Chair of the NASDAQ Economic Advisory Board for 2005. From August 1997 to July 1998, Dr. Goldstein was the Visiting Economist at the New York Stock Exchange, the eighth academic to hold this one-year post. Prior to this position, he advised the Deputy Prime Minister of Poland on Poland's privatization program. He also worked as an Investment Banker with Merrill Lynch Capital Markets in their Financial Institutions and Japan Banking groups. He also consults and advises major security firms and Fortune 100 companies.

Dr. Goldstein's research specialty is examining the structure of markets. He also works in climate change, and has received two National Science Foundation (NSF) grants related to the Arctic Economy. He also does work on dividends, real estate, asset pricing, and privatization and has presented at numerous conferences worldwide. He is currently an Associate Editor for The Financial Review and Finance Research Letters, and was previously an Associate Editor for Financial Management. His papers have been published in major finance academic journals, including The Journal of Finance, The Journal of Financial Economics, The Review of Financial Studies, The Journal of Financial and Quantitative Analysis, and The Journal of Financial Markets, and in science/climate journals, including Climatic Change, Scientific Reports (a Nature journal), and Water Resources Research (a journal of the American Geophysical Union). Dr. Goldstein has been interviewed by many national and international media groups, including print, television and radio.

Other areas of expertise include: Climate Change, Dividends, Real Estate Investment, Stock Market, Market Structure and Trading Costs.
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Robert Goodof

  • Adjunct Lecturer
Robert (Bob) Goodof joined the Babson faculty as a part-time lecturer in the spring of 2016, following a 30 year career as a securities analyst for Eaton Vance (1983-95) and Loomis Sayles (1995-2013), where Bob covered chemical, industrial, oil & gas, environmental, and renewables industries. Bob mentors energy-related startups at MIT, has lectured on energy investing at Brandeis, and has organized and still runs an exclusive Oil &Gas Investment Conference, now in its 14th year. Previous to his investment industry career, Bob was an engineer, group leader, and economic evaluator at the Dow Chemical Company.

Bob holds Bachelor's and Master's Degrees in Materials Science from MIT, and an MBA from the Harvard Business School. Hobbies/Activities include service on Investment & Quality Committees at the HSL's Senior Life Complex, fundraising for the Pan Mass Challenge (34 year rider), pro bono consulting to local non-profit organizations, and cycling and downhill skiing.
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Patrick Gregory

  • Senior Lecturer
  • Managing Director, Stephen D. Cutler Center for Investments and Finance
  • Director of the Babson College Fund
Patrick Gregory, CFA is the Managing Director of the Stephen D. Cutler Center for Investments and Finance, the Director of the Babson College Fund, and a Senior Lecturer in the Finance Division at Babson College. In this role, he oversees Babson's state-of-the-art investments lab, signature learning experiences like the Babson College Fund, and thought leadership events that position Babson at the forefront of finance education.

Before joining the faculty, Patrick was an institutional portfolio manager at FM Global from 2007-2015, where he managed the Healthcare, Internet, and Telecom sectors of a $6 billion equity portfolio. He was also responsible for the evaluation, selection, and ongoing evaluation of third-party investment managers. As a result, Patrick is a member of the Board of Trustees' Investment Committee, which is responsible for managing the College's endowment.

Patrick's academic career started in 1998. He was a full-time faculty member at Bentley College from 1998-2007. While at Bentley, he was the Director of Graduate Programs in Finance, where he coordinated the development of two AACSB-accredited Master's degree programs. He then served as the Managing Director of the Hughey Center for Financial Services, providing strategic direction for the Center's research, teaching, and asset management activities. While at Bentley, Patrick was the recipient of the Davis Fellowship, Innovation in Teaching Award, and Masnicki Award.

Patrick is a member of the Board of Directors for CFA Society Boston. He is also the Lead Instructor for Kaplan Schweser's Chartered Financial Analyst (CFA) programs in Boston, which are offered in partnership with CFA Boston. He has taught Level II courses and workshops for Kaplan since 2010 at firms such at Fidelity, Wellington Management, and T. Rowe Price. The topics Patrick teaches range from equity investments to derivatives and portfolio management.

Patrick is the co-author of Why Stocks Go Up and Down and author of two editions of Financial Management: A Guide to Value Creation. Given his academic and industry experience, he has appeared on CNN and CNBC and provided commentary to a number of news sources including the Wall Street Journal, Business Week, The Boston Globe, and the LA Times.

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Paul Griesmer

  • Lecturer
Paul Griesmer CRE, FRICS is a Lecturer and real estate professional with over 30 years of extensive experience providing a range of professional real estate services including:

Transaction Structuring and Negotiation of Agreements
Valuation of Properties, Portfolios, Debt, Mezzanine and Equity Interests
Financial Projections and Proforma's
Market Studies and Financial Feasibility Studies
Management Oversight of Design, Development and Construction Projects
Restructurings and Bankruptcies of Troubled Properties, Portfolios and Companies
Due Diligence on Acquisitions, Investments, and Development Projects
Corporate Real Estate Strategy and Site Selection
Negotiation of Acquisitions and Dispositions
Litigation Support and Expert Witness Testimony

His real estate finance and development experience includes hotels, resorts, office buildings, retail, residential, mixed use projects, marinas, cell towers, lease-hold interests, real estate options, property portfolios, loans, loan portfolios, complex partnership interests, equity and condominium interests, and real estate management companies. His corporate real estate advisory work also includes site selection, location analysis, portfolio rationalization, headquarters financings, sale-leaseback transactions, groundleases and acquisition and disposition of real property.

Mr. Griesmer is a Managing Director with a boutique consulting firm providing professional services including debt restructuring, capital raising, real estate disposition, leasing, re-zoning and redevelopment advisory and hotel lease structuring services. Previously, he was a Senior Managing Director with bankruptcy and debt workout consulting firm where he provided professional services in real estate bankruptcy, loan portfolio disposition, litigation support, valuation and due diligence on office, hotel and resort, retail and development properties, portfolios and companies throughout North America. Previously Mr. Griesmer was a Real Estate Consulting Partner with a big four accounting firm.

Mr. Griesmer received a B.S. in Agricultural Economics from Cornell University, an M.P.S. in Hotel Administration from Scholl of Hotel Administration at Cornell University and an MBA in Finance and Accounting from the Johnson School of Business at Cornell University. He is a designated member of the Counselors of Real Estate (CRE) and a Fellow in the Royal Institute of Chartered Surveyors (FRICS). He is also a certified general real estate appraiser and a licensed real estate broker in the Commonwealth of Massachusetts. He has chaired several municipal committees that have reviewed or developed zoning bylaw changes.
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Jia Hao

  • Associate Professor
Jia Hao is an Associate Professor of Finance at Babson College. Prior to joining Babson, Professor Hao taught courses in undergraduate, MBA, Executive Master, and PhD programs at Chinese University of Hong Kong and Wayne State University, where she received the Faculty Teaching Merit Award in 2017 and the Distinguished Teacher Award in 2010, respectively. She was also a visiting academic scholar in Ross School of Business, University of Michigan.

Dr. Hao earned her PhD in Finance from David Eccles School of Business, University of Utah. Her research focuses on market microstructure and its interaction with corporate finance and asset pricing. She has published in leading academic journals including the Journal of Finance, Review of Financial Studies, Journal of Financial Market, Financial Review, and Journal of Information System. She has presented her work at numerous professional conferences such as Western Finance Association annual conference and Financial Management Association International annual conference, where her papers won the Best Competitive Paper Award in Market Microstructure sponsored by NASDAQ in both 2011 and 2012.
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Michael Harrity

  • Adjunct Lecturer
Mr. Harrity joined the Babson College faculty in the fall of 1997 following four years on the Advisory Board of Babson's Center for Real Estate. Mr. Harrity has spent 20 years in the commercial real estate industry including his current role as Managing Director of Matrix Real Estate Advisors, Inc., a consulting firm that provides strategic advice to real estate investors and users, asset management for individual and institutional owners, and advisory services for capital transactions.

Prior to founding Matrix, Mr. Harrity was a principal of Commonwealth Realty Associates, Inc., which advised institutional clients on commercial property acquisitions and sales. From its founding in 1982 until 1993, Mr. Harrity was a vice president and principal of Copley Real Estate Advisors, Inc., where he oversaw a portion of the firm's $6 billion investment in joint ventures, managed local development projects, and directed work-outs for troubled investments.
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Jasmina Hasanhodzic

  • Assistant Professor
Jasmina Hasanhodzic is an Assistant Professor of Finance at Babson College. Her recent research lies at the interface of finance and public finance. She has developed innovative large-scale simulation techniques to analyze features of markets such as generational risk and equity premium. She has also done work in empirical and behavioral finance, some of which gave rise to retail investment products. She co-authored two books on technical analysis, published by Wiley. Her research has been cited by The Economist, the Financial Times, and The New Yorker.

She received a Ph.D. in Economics from Boston University, where she was an NBER/Sloan Pre-Doctoral Fellow. She also holds a Ph.D. from MIT's Department of Electrical Engineering and Computer Science and a B.S. from Yale University. Prior to beginning her academic career, she worked at the hedge fund AlphaSimplex Group and at Credit Suisse.
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Kathleen Hevert

  • Associate Professor
Dr. Kathleen Hevert is an Associate Professor of Finance at Babson College. Prior to joining Babson, Dr. Hevert was an assistant professor of finance at the Wallace E. Carroll School of Management at Boston College. She designs and delivers general and specialized finance courses at the graduate, undergraduate, and executive levels, and was twice selected by the Babson College F.W. Olin Graduate School of Business graduating classes to receive the Thomas Kennedy Award for Teaching Excellence.

Professor Hevert specializes in long-term strategic capital investment decisions, and has a particular interest in the application of option pricing models to real-asset acquisition decisions. She also studies the long-term performance effects of serial acquisition strategies. Her research has been published in academic journals including Financial Management, The Journal of Portfolio Management, The Journal of Applied Corporate Finance, and The Journal of Business Venturing. Dr. Hevert designs and conducts executive education programs in basic corporate finance, capital investment decisions, real options, and other related topics for clients including General Electric, Johnson & Johnson, U.S. Steel, Infineon Technologies, EMC and many others. In addition, she works with a variety of firms on related special projects.
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Ralph Kimball

  • Professor Emeritus
Ralph Kimball is Professor Emeritus of Finance at Babson College. He holds a B.A. from Claremont McKenna College and an M.A. and Ph.D. from the University of California, Berkeley, all in economics. Prior to joining Babson he was Assistant Vice President and Economist at the Federal Reserve Bank of Boston, and Senior Associate at the MAC Group, a management consultancy. At Babson he has taught graduate and undergraduate courses in Fixed Income, Management of Financial Institutions, Risk Management, Real Estate Finance, Investments, and Valuation as well as the core finance class. He has also taught at the University of California, Berkeley, Portland State College, and the Thunderbird School of Global Management.
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Laurie Krigman

  • Professor
Laurie Krigman is a Professor of Finance at Babson College. Dr. Krigman specializes in the study of initial public offerings, investment banking and corporate finance. She has presented her work at numerous professional conferences and has published in leading academic journals including The Journal of Finance, The Journal of Financial Economics, the Review of Financial Studies and the Journal of Corporate Finance.

Previously, Dr. Krigman was on the faculty at the University of Arizona where she taught at the undergraduate, M.B.A and Ph.D. levels. Prior to returning to academics, she was a money manager with Trinity Investment Management Corporation. She holds a Ph.D. in Finance and Econometrics from the University of Colorado; an MBA in Finance/International Business from Syracuse University; and a B.A. in Economics from William Smith College.
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Glenn Migliozzi

  • Lecturer
Glenn T. Migliozzi, CFA, is a lecturer in the Finance Division with courses in Personal Finance, Principles of Finance, Fixed Income and Business Ethics. He has over 30 years of experience in the financial services field starting with positions in banking, corporate finance, and private placements. He also has headed up two global fixed income departments in Boston and Chicago. Later in his career, Glenn founded a hedge fund to capitalize on the market inefficiencies in the credit markets.
Glenn received a B.S. in Economics from the University of New York at Albany and a Master of Science in Management from the MIT Sloan School of Management with Finance concentration. Glenn is on the Board of Open Table Inc., a community kitchen and food pantry, and also serves on the Investment Committee for MetroWest Legal Services. Glenn also is a volunteer at the CFA Society Boston where he teaches financial literacy to high school students.
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Courtney Sara Minard

  • Adjunct Lecturer
Sara Minard is the Chief Program Officer for the College for Social Innovation, a nonprofit organization in Boston, MA, that provides innovative experiential education opportunities for college students while building a bigger, better, and more diverse talent pipeline for the social sector. In this role, Dr. Minard leads the design and delivery of a nationally recognized, multi-disciplinary curriculum to educate and inspire the next generation of problem solvers. Dr. Minard teaches impact investing at The Lewis Institute for Social Innovation at Babson College, where she serves as an entrepreneur-in-residence. She also serves as guest lecturer in the U.S. and internationally, and serves on several social enterprise boards and impact investment funds.

Dr. Minard earned her PhD in Economics with highest honors from Sciences Po in Paris, and has worked as a socio-economist, educator, policy researcher, and development practitioner for the past twenty years on several continents at the intersection of private sector development, economic policy, social innovation, social enterprise, design thinking and impact investing/social finance. For the past five years, she was Executive Professor at Northeastern University's D'Amore-McKim School of Business where she taught an award-winning course on impact investing and social finance, and designed courses in social innovation and global social entrepreneurship, as well as led intensive field-based programs in India and Appalachia (US) with a focus on gender, food systems and social ventures. Prior to Northeastern, she was full-time Lecturer-in-Discipline at Columbia University's School of International and Public Affairs for five years where she designed courses on methods for development practice and social entrepreneurship. Dr. Minard works as an independent consultant for international development institutions, companies, startups, and NGOs. Her industry experience includes five years as a socio-economist at the OECD in Paris where she managed development investment projects in 18 West African countries, and as a consultant for the World Bank/IFC and several UN agencies. She started her career as a Legislative Aide in the U.S. Senate, served in the U.S. Peace Corps in Senegal and speaks fluent French, Wolof, and conversational Spanish. Dr. Minard is a trained Ashtanga yoga teacher and is currently pursuing a teacher certification in mindfulness meditation.
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Norman Pedersen

  • Adjunct Lecturer
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Mark Potter

  • Professor
Mark Potter, Ph.D., is a Professor of Finance at Babson College.

Dr. Potter has been at Babson College since 1995, teaching over one hundred courses at the undergraduate, graduate and executive education levels spanning a myriad of topics that includes investments, corporate finance, derivatives, and international finance. In the past five years, he has worked with companies in the consumer services, medical device, high technology, financial services, and litigation support industries.

Professor Potter's areas of expertise includes investments and portfolio performance, behavioral finance, and alternative investment strategies. His research has appeared in the Journal of Portfolio Management, Journal of Business Finance and Accounting, Journal of Financial Research, Journal of Alternative Investments, Journal of Financial Education, Mergers & Acquisitions, and Derivatives Quarterly, among others. His work has also been featured in the Wall Street Journal, Kiplinger's, and CFA Digest.
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Erik Sirri

  • Professor
  • Associate Dean of Faculty
  • Division Chair
Erik R. Sirri is a Professor of Finance at Babson College. His research interests include the interaction of securities law and finance, securities market structure, investment management, and capital markets. From 2006-2009 he was the Director of the Division of Trading and Markets at the U.S. Securities and Exchange Commission, where he was responsible to the Commission for matters relating to the regulation of stock and option exchanges, national securities associations, brokers, dealers, clearing agencies, transfer agents, and credit rating agencies. He served as the Commission's Chief Economist from 1996-1999, and was an Assistant Professor of Finance at the Harvard Business School from 1989 to 1995. Sirri received his B.S. in Astronomy from the California Institute of Technology in 1979, an M.B.A. from the University of California, Irvine, in 1984, and his Ph.D. in Finance from the University of California, Los Angeles, in 1990. His published writings appear in academic journals, practitioner journals, and books. He has served on the boards of securities exchanges, mutual funds, industry associations, and foundations.
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Luke Stein

  • Assistant Professor
Luke Stein is an Assistant Professor of Finance at Babson College. He earned his PhD in Economics from Stanford University, and an AB in Applied Mathematics with a Citation in Japanese Language from Harvard University.

Prior to joining Babson, Dr. Stein taught finance and economics courses at the high school through PhD levels at Stanford University and Arizona State University. His commitment to students has been widely awarded, including with Stanford's Gores Award, the university's highest award for excellence in teaching. Dr. Stein is also a recognized leader in helping college faculty around the world implement technological solutions for effectively teaching from home.

His main research interests lie at the intersection of corporate finance and labor economics, including work on financial history, entrepreneurial finance, financial uncertainty, and the economics of discrimination. He has published peer-reviewed papers in the Review of Financial Studies, Journal of Corporate Finance, and Economic Journal.

Dr. Stein worked in New York and Tokyo as a consultant on corporate strategy and private equity due diligence with Bain & Company. He also served on the Obama-Biden Presidential Transition Team, and in the Office of Strategic Initiatives at the New York City Department of Education.

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Lisa Strope

  • Adjunct Lecturer
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Jerome Taillard

  • Associate Professor
  • Professor George Troughton Term Chair in Finance
Jerome Taillard is an Associate Professor at Babson College, and the first recipient of the Professor George Troughton Term Chair in Finance. He earned his PhD in Finance from The Ohio State University in 2010. He also received a graduate degree in Economics from the Study Center in Gerzensee (Switzerland) and his undergraduate degree in Mathematics applied to Finance from the University of Neuchtel in Switzerland.

Professor Taillard has been recognized for teaching excellence with the Carroll School of management school-wide teaching award in 2012 and was voted Best 40 Under 40 and Best Professor the Class of 2019 by Poets and Quants. He taught at the Wharton School in 2018.

His main research interests are in corporate finance, specifically in the areas of risk management, energy finance, innovation, and governance. He has published his research in the Journal of Finance, Review of Financial Studies, Journal of Financial Economics, and Management Science, among others. He received the prestigious Michael Brennan Award for Best Paper published in the Review of Financial Studies in 2017.

Professor Taillard is committed to staying current with best practices. He is an exam reviewer for the Global Association of Risk Managers (GARP) and participates regularly in sessions with executives at the Babson Executive Center.
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Olaf Thorp

  • Adjunct Lecturer
Olaf (Olie)Thorp joined the Babson faculty in 1998 following a 25-year career with Ford Motor Co. At Ford, he held a number of executive-level positions in the U.S., England, Brazil, South Africa, Australia, and Japan, with substantial experience involving complex and widely differing business situations. His responsibilities included Strategic, Business, and Product Planning as well as Finance, MIS, and Treasury matters.

At Babson, Mr. Thorp has taught numerous different Finance and Integrated Management Curriculum (IMC) courses in both the graduate and undergraduate programs, with special emphasis on Corporate Finance and Capital Markets.

Mr. Thorp studied at the London School of Economics and received his BA from the University of Pennsylvania, and his MBA from Columbia University. Following the completion of his undergraduate studies, Mr. Thorp served as a U.S. Naval Officer, including Commanding Officer, Thuan An Naval Base, Republic of Vietnam.

Mr. Thorp is actively involved in a number of non-profits across the Commonwealth of Massachusetts.
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Linghang Zeng

  • Assistant Professor
Linghang Zeng received his Ph.D. in Finance from Georgia Tech. Before that, He received a Master's degree in Mathematical Finance from the University of Alberta and a Bachelor's degree in Industrial Engineering from Nanjing University.

His research interests include labor and finance, household finance, and empirical asset pricing. His papers have been published at the Journal of Monetary Economics, the Journal of Financial and Quantitative Analysis and presented at numerous conferences such as NBER Summer Institute, Western Finance Association, SFS Cavalcade, and European Finance Association. His research has won Best Paper on Firm Growth and Innovation from Northern Finance Association in 2019, Best Paper on Corporate Finance/Responsible Finance from Northern Finance Association in 2018, and Third Place from Chicago Quantitative Alliance Academic Competition in 2016. He teaches Principles of Finance, Finance and Investments.
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