Bio
Professor Boone is currently an associate professor in finance and the Fred Ball Faculty Fellow in the School of Business Administration at the University of Kansas. Prior to joining KU in 2005, she was on the faculty at the College of William & Mary as an assistant professor of finance and economics for three years. She received her B.S. from the University of Kansas and earned her Ph.D. in Finance from the Pennsylvania State University.
Her research interests include corporate restructuring, mergers & acquisitions, and governance structures. Recent work includes a 2008 article published in the Journal of Financial Economics that studies the returns to bidder firms and finds that they do systematically fall prey to the winner's curse. A related 2007 Journal of Finance article examines the process by which firms are sold through auctions or negotiations. Another 2007 paper in the Review of Financial Studies explores the role of termination provisions in mergers. A related piece forthcoming article at the Journal of Financial Economics examines whether bidding firms fall prey to the winner's curse in public takeovers. A paper published in the July 2007 issue of the Journal of Financial Economics studies the determinants of board size and composition using a sample of newly public firms. Additional recent publications include an article on acquisitions and divestitures that appeared in the Journal of Corporate Finance and a paper on specialized equity claims published in Financial Management. Forthcoming work in the Journal of Financial and Quantitative Analysis examines the reasons for parent firms to maintain ownership stakes in companies and the ability the parent may have to expropriate wealth from minority shareholders.
Professor Boone's dissertation, "Essays on the Causes and Effects of Corporate Restructuring," examined both the sources of wealth gains from restructuring and the organizational form a firm takes following restructuring. Audra presented her first essay, "Can Focus Explain Carve-Out Gains?," at the 2000 WFA meeting in Sun Valley and she presented her second essay, "The Interaction of Product Markets, Ownership and Governance: Evidence from Equity Carve-Outs," at the 2001 WFA meeting in Tucson.
Contact Information:
785-864-7507
University of Kansas
School of Business
1300 Sunnyside Avenue
Lawrence, KS 66045-7585
