Education

BA, Yale University, 1978; MBA, Stanford University, 1982; PhD, Cornell University, 1995. At Tuck since 1994.

Area of Expertise

Finance

Current Research Topics

The role, influence, and accuracy of security analysts' recommendations in equity markets; the pricing and valuation of IPOs and the use of auctions for IPOs; and underwriting quality and underwriter reputation.

Awards

Chicago Quantitative Alliance IBES Best Paper, 1996; Western Finance Association/AAII Best Investments Paper, 1996; Brennan/RFS Best Paper runner-up, 2000.

Publications

Recent articles by Professor Womack include "Analyst Hype in IPOs: Explaining the Popularity of Bookbuilding," with F. Degeorge and F. Derrien, working paper; "Why Do Firms Switch Underwriters?" with L. Krigman and W. Shaw, Journal of Financial Economics, 2001; "Conflict of Interest and the Credibility of Underwriter Analyst Recommendations," with R. Michaely, Review of Financial Studies, 1999; and "Do Brokerage Analysts' Recommendations Have Investment Value?" Journal of Finance, 1996.

Background

Prior to joining the faculty at Tuck, Professor Womack was vice president in the equities division at Goldman Sachs, working directly with portfolio managers and security analysts.