M. Cecilia Bustamante's webpage

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Assistant Professor

Department of Finance

Robert H. Smith School of Business

4423 Van Munching Hall

20742 College Park - MD

e-mail: mcbustam at rhsmith.umd.edu

twitter: @mcecibustamante


Research Interests


Dynamic corporate finance, industrial organization, and asset pricing implications of corporate decisions.


Publications


The dynamics of going public, 2012, Review of Finance 16, 577-618.


Strategic investment and industry risk dynamics, 2015, Review of Financial Studies 28 (2), 297-341.


How do frictions affect corporate investment? A structural approach, 2016, Journal of Financial and Quantitative Analysis 51, 1863-1895.


Agency, firm growth and managerial turnover (with R. Anderson, S. Guibaud and M. Zervos), 2016, Journal of Finance, forthcoming. 


Product market competition and industry returns (with A. Donangelo), 2016, Review of Financial Studies, forthcoming.  (Internet Appendix)

Working Papers


Does Firm Investment Respond to Peers' Investment? (with L. Fresard), 2016.


Recent Seminars/Presentations


2012: LSE-FMG, Texas Finance Festival, CEPR Gerzensee, EFA, UdeSA, UCLA, UT Austin.

2013: AEA Meetings, University of Reading, WFA Meetings, EFA Meetings, University of Rochester, University of Maryland, Vienna Graduate School of Finance, University of Tilburg, UTDT Summer Conference.

2014:  Cambridge University, LSE/FMG, University of Exeter.

2015: SFS Cavalcade, BI Oslo, Duke University, Cornell University, University of Minnesota, Drexel  University.

2016: Boston University, BI Oslo Production Based Asset Pricing Workshop, UTDT Summer Conference.

2017: FMA Mexico, AFFECT Women in Finance Conference, George Mason University, SFS Cavalcade (scheduled), WBS Frontiers in Finance Conference (scheduled), CKGSB (scheduled), Asian Econometric Society Meetings (scheduled), FIRS (scheduled). 


Other links


The program of the first Junior Corporate Finance Conference at UMD, organized by my colleague Laurent Fresard and myself, and held on April 15-16, 2016 on campus.  


The RFS Editorial Blog, including a blog by Prof. Karolyi on my paper Strategic Investment and Industry Dynamics.  


A link to an applied research blog by the London School of Economics (LSE for Business), where I post blogs from time to time.  The latest blog on our paper on Product market competition and industry returns (joint with A. Donangelo) can be found here.


The Website of the Macro Finance Society, a society pursuing more discussion on the link between macroeconomics and financial economics.


A link to Libertango by Astor Piazzolla, a music genius to praise.