Maureen Patricia O'Hara is an American
financial economist. O'Hara is the Robert W. Purcell Professor of Management, a professor of finance, and Acting Director in Graduate Studies at
Cornell University's
Johnson Graduate School of Management. She has won numerous awards and
grants for her research, served on numerous
boards, served as an editor for numerous
finance journals, and chaired the
dissertations of numerous students. In addition, she is well-known as the author of
Market Microstructure Theory. She was the first female president of the
American Finance Association.
Research
O'Hara's research focuses on issues in
market microstructure, and she is the author of
Market Microstructure Theory (Blackwell, 1995, ISBN 0631207619). as well as numerous journal articles. Her most recent research has focused on the role of
underwriters in the
aftermarket trading of
IPOs, the impact of transparency on trading system performance, listing and delisting issues in
securities markets, designing markets for developing markets, and the role of
liquidity and information risk in asset pricing. In addition, O'Hara publishes widely on a broad range of topics including banking and
financial intermediaries,
law and
finance, and experimental economics. Among O'Hara's numerous awards are the
American Finance Association 2000 Smith-Breeden Distinguished Paper Award for "When the Underwriter is the Market Maker: An Examination of Trading in the IPO...
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