Maureen O'Hara (professor) - Research

Research

O'Hara's research focuses on issues in market microstructure, and she is the author of Market Microstructure Theory (Blackwell, 1995, ISBN 0-631-20761-9). as well as numerous journal articles. Her most recent research has focused on the role of underwriters in the aftermarket trading of IPOs, the impact of transparency on trading system performance, listing and delisting issues in securities markets, designing markets for developing markets, and the role of liquidity and information risk in asset pricing. In addition, O'Hara publishes widely on a broad range of topics including banking and financial intermediaries, law and finance, and experimental economics. Among O'Hara's numerous awards are 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), 2002 Smith-Breeden Distinguished Paper Award for "Is Information Risk a Determinant of Asset Returns?" (with David Easley, and Soeren Hvidkjaer), and 2003 Smith-Breeden Distinguished Paper Award for "Presidential Address: Liquidity and Price Discovery." Prof. O'Hara is a co-inventor of the VPIN Flow Toxicity metric.

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