Paul Povel

Professor - Judge Elkins Professor of Finance

Paul Povel

Bio

Paul Povel is the Judge James A. Elkins Professor of Finance at the Bauer College of Business. Prior to this position, he was an Associate Professor at the University of Minnesota's Carlson School of Management.

His research interests include corporate finance, in particular financial contracting theory and corporate restructuring (bankruptcy, mergers and acquisitions, etc.)

His publications have appeared in leading academic journals, including the Journal of Finance, the Review of Financial Studies, the Journal of Financial and Quantitative Analysis, the Review of Corporate Finance Studies, the Journal of Accounting and Economics, the RAND Journal of Economics, the Journal of Law Economics & Organization, and the International Journal of Industrial Organization.

Research Interests

  • Corporate finance, in particular financial contracting theory and corporate restructuring (bankruptcy, mergers and acquisitions, etc.)

Publications

  • "Lying to Speak the Truth: Selective Manipulation and Improved Information Transmission," Günter Strobl and Paul Povel, Journal of Finance (forthcoming).
  • "Capital Structure Under Collusion," Daniel Ferrés, Gaizka Ormazabal, Paul Povel, and Giorgo Sertsios, Journal of Financial Intermediation (2021).
  • "Competition for Talent under Performance Manipulation," Iván Marinovic and Paul Povel, Journal of Accounting and Economics (2017).
  • "An Experimental Analysis of Risk Shifting Behavior," Pablo Hernández-Lagos, Paul Povel and Giorgo Sertsios, Review of Corporate Finance Studies (2017).
  • "Boom and Gloom," Paul Povel, Giorgo Sertsios, Renáta Kosová and Praveen Kumar, Journal of Finance (2016).
  • "Getting to Know Each Other: The Role of Toeholds in Acquisitions," Paul Povel and Giorgo Sertsios, Journal of Corporate Finance (2014).
  • "Stapled Finance," Paul Povel and Raj Singh, Journal of Finance (2010).
  • "Sale-Backs in Bankruptcy," Paul Povel and Raj Singh, Journal of Law, Economics, and Organization (2007).
  • "Booms, Busts, and Fraud," Paul Povel, Raj Singh, and Andrew Winton, Review of Financial Studies (2007).
  • "The U-shaped Investment Curve: Theory and Evidence," Paul Povel, Sean Cleary, and Michael Raith, Journal of Financial and Quantitative Analysis (2007).
  • "Takeover Contests with Asymmetric Bidders," Paul Povel and Raj Singh, Review of Financial Studies (2006).
  • "Financial Constraints and Product Market Competition: Ex-ante vs.Ex-post Incentives," Paul Povel and Michael Raith, International Journal of Industrial Organization (2004).
  • "Optimal Debt with Unobservable Investments," Paul Povel and Michael Raith, Rand Journal of Economics (2004).
  • "Using Bidder Asymmetry to Increase Seller Revenue," Paul Povel and Raj Singh, Economic Letters (2004).
  • "Multiple Banking as a Commitment Not to Rescue," Paul Povel, Research in Finance (2004).
  • "Optimal ''Soft'' or ''Tough'' Bankruptcy Procedures," Paul Povel, Journal of Law, Economics, and Organization (1999).

Contact Info

Phone:
713-743-4759 
Email:
povel@uh.edu
Room:
MH 230G
Website:
Visit Web Site

Education

PhD, 1998, economics, London School of Economics
lic. rer. pol., 1991, University of Basel, Switzerland