Jay Wellman

Jay has taught courses in the Working Professional MBA program, the Full Time MBA program, the undergraduate program and the Specialized Masters in Finance program, along with courses in Fisher’s Executive Education programs. He currently teaches MBA6223 (core finance - MBA) and BF4221 (Investments – undergrad). He has also taught BUSFIN3220 (core finance - undergraduate), and BUSFIN 7223 (portfolio management – SMF and MBA) at Fisher, along with courses in corporate finance, fixed income securities and insurance at prior institutions. His research interests include mutual funds, divestitures and other topics related to investments. His research has been published in the Journal of Financial and Quantitative Analysis, Financial Management and the Journal of Business Ethics. His research has been cited in the Wall Street Journal, Smart Money and in a case tried before the Supreme Court of the United States.

Areas of Expertise

• Corporate Finance

• Finance
  Asset Pricing
  Investments

Education

• Chartered Financial Analyst (CFA)
• Ph.D. in Finance, University of Iowa, Tippie College of Business
• M.B.A. in Finance, University of Iowa, Tippie College of Business
• B.A. in Journalism and Mass Communication, University of Iowa

Publications

• Loughran, T.; Wellman, J.W. (2012) "New Evidence on the Relation between the Enterprise Multiple and Average Stock Returns." Journal of Financial and Quantitative Analysis. 46(6), December 2011, 1629-1650.
• Wellman, J.W.; Aydogdu, M (2011) “Does Mutual Fund Advertising Work? Evidence from a Comprehensive New Database.” Financial Management 40(3), Fall 2011, 785-809.
• Wellman, J. W.; Houge, T. I.. “The Use and Abuse of Mutual Fund Expenses.”Journal of Business Ethics 70(1), January 2007, pg. 23-32.
• Houge, T.I.; Wellman, J.W. “The Fallout from the Mutual Fund Trading Scandal.”Journal of Business Ethics 62(2), December 2005, pg. 129-139.