Claire E. Crutchley
Associate Professor of Finance
Auburn University
Contact Information
Email: claire@business.auburn.edu
Phone: (334)844-3002
Fax: (334)844-3970
Education
1987 Ph.D., Finance, Virginia Tech, Blacksburg, Virginia.
1983 M.A., Economics, Virginia Tech, Blacksburg, Virginia.
1981 B.S., Finance, Virginia Tech, Blacksburg, Virginia.
Publications
Boroknovich, K., Brunarski, K,.Crutchley, C. and B. Simkins (2004) "Board Composition and Corporate Use of Interest Rate Derivatives", forthcoming Journal of Financial Research.
Crutchley, C. E., Hudson, C. H. Jensen, M. R. H. and B. B. Marshall (2003) "Is There Delayed Information Conveyed Through a Special Dividend?" forthcoming Financial Services Review.
Crutchley, C., Lending, D., and Marshall, B. (2003). "The value of being first: Early Internet IPOs versus subsequent entrants", forthcoming Journal of Economics and Finance.
Crutchley, Claire E., Garner, Jacqueline and Beverly B. Marshall "An examination of Board Stability and the Long-term Performance of Initial Public Offerings" Financial Management, Fall 2002 .
Crutchley, Claire E., Marlin R. H. Jensen, John S. Jahera, Jr and Jennie E. Raymond. "Agency Problems and the Simultaneity of Financial Decision Making: The Role of Institutional Ownership." International Review of Financial Analysis, Vol. 8, Number 2, 1999.
Crutchley, Claire E., Carl D. Hudson, and Marlin R. H. Jensen. "Shareholder Wealth Effects of CalPERS' Activism." Financial Services Review , Vol. 7, Number 1, 1998.
Jahera, John S., Marlin R. H. Jensen & Claire E. Crutchley. "Institutional Owners: Short-term Investors or External Monitors?" Journal of International Finance , Vol. 8, No. 2 , 1996 .
Sullivan, Michael J., Claire E. Crutchley, and Dana J. Johnson. "Motivation for Voluntary Corporate Liquidations: Distress, Agency Conflicts, and Shareholder Gain" Quarterly Journal of Business and Economics (1996) .
Lange, David R., Claire E. Crutchley and Marlin R. H. Jensen. (1996) "Can CalPERS Activism Improve Corporate Performance?" Southern Business and Economic Journal Vol 19, No. 3 , 1996 .
Crutchley, Claire E. and Marlin R. H. Jensen. "Changes in Corporate Debt Policy: Information Asymmetry and Agency Factors." Managerial Financ e, Vol. 22, No. 2 , 1996 .
Crutchley, Claire E., Carl D. Hudson & Marlin R. H. Jensen. "Corporate earnings and financings: An analysis of canceled versus completed offerings." Journal of Applied Business Research . Vol. 11, No. 1 , 1994-1995 .
Jensen, Marlin R. H., Claire E. Crutchley & Carl D. Hudson. "Market reaction to equity offer reasons: What information do managers reveal?" Journal of Economics and Finance . Vol. 18, No. 3 , 1994 .
Crutchley, Claire E., Enyang Guo and Robert S. Hansen. "Stockholder Benefits from Japanese-U.S. Joint Ventures." Financial Management . (1991) Vol. 20, No. 4.
Hansen, Robert S. & Claire E. Crutchley. "Corporate Earnings and Corporate Financings: An Empirical Analysis." Journal of Business . (1990) Vol. 63, No. 3.
Crutchley, Claire E. & Robert S. Hansen. "A Test of the Agency Theory of Managerial Ownership, Corporate Leverage, and Corporate Dividends." Financial Management . (1989) Vol 18, No. 4.
