Department Chair; Pat and Thomas R. Powers Chair in Investment Management; Professor
Shane Underwood is a professor of Finance and the holder of the Pat and Thomas R. Powers Chair of Investment Management. He earned a PhD in Finance from the Wharton School of Business at the University of Pennsylvania. Underwood has served as chair of the Department of Finance, Insurance and Real Estate since 2019.
Prior to joining the Baylor faculty in 2016, Underwood held academic positions at Rice University and the University of Alabama. He has published papers in top finance journals including the Journal of Financial Economics and Journal of Financial and Quantitative Analysis. His current research interests center on the areas of institutional investor communications and the role of trust in financial markets.
Underwood serves on the Board of Directors for RIA Charitable Investments and is a member of the investment committee for Wycliffe Bible Translators. He also serves as the organizer of the Christian Finance Faculty Association.
- 2004 - PhD, Finance, The Wharton School - University of Pennsylvania, Philadelphia, Pennsylvania
- 2001 - MA, Finance, The Wharton School - University of Pennsylvania, Philadelphia Pennsylvania
- 1999 - BS, Quantitative Finance, University of Alabama, Tuscaloosa, Alabama
- FIN 3310 – Introduction to Corporate Finance
- Mutual Fund and Hedge Fund Performance
- Institutional Investor Communications
- Trust in Financial Markets
- Ellis, J., Madureira, L., and Underwood, S. (2020). The Causal Effects of Proximity on Investment: Evidence from Flight Introductions. Journal of Financial and Quantitative Analysis, 55(6), 1978-2004.
- Grullon, G., Underwood, S., and Weston, J. (2014). Comovement and Investment Banking Networks. Journal of Financial Economics, 113(1), 73-89.
- Grullon, G., Paye, B., Underwood, S., and Weston, J. (2011). Has the Propensity to Payout Declined?. Journal of Financial and Quantitative Analysis, 46(1), 1-24.
- Downing, C., Underwood, S., and Xing, Y. (2009). The Relative Informational Efficiency of Stocks and Bonds: An Intraday Analysis. Journal of Financial and Quantitative Analysis, 44(5), 1081-1102.
- Madureira, L., and Underwood, S. (2009). Information, Sell-Side Research, and Market Making. Journal of Financial Economics, 90(2), 105-126.