Scott Bauguess

Dr. Scott W. Bauguess is the Director for the Center for Enterprise and Policy Analytics (CEPA) program in Securities Markets Regulation. Prior to joining the McCombs Business School faculty, he was the Deputy Chief Economist at the U.S. Securities and Exchange Commission, where he supervised the economic analyses in recommendations to the Commission to enact federal rules related to corporate finance and governance, asset management, OTC derivatives, and structured finance. He received a B.Sc. in Electrical Engineering from the University of Illinois, and an M.Sc. in Electrical Engineering and Ph.D. in Finance from Arizona State University.

Education

• Doctor of Philosophy Arizona State University
• Master of Science Arizona State University
• Bachelor of Science University of Illinois at Urbana-Champaign

Refereed Publications

1. “The Economic Effects of SOX Section 404 Compliance: A Corporate Insider Perspective” (with Cindy Alexander, Gennaro Bernile, Alex Lee, and Jennifer Marietta), Journal of Accounting and Economics, 2013, Vol. 56, No. 2/3, 267-290.
2. “Large Shareholder Diversification, Corporate Risk Taking, and the Benefits of Changing to Differential Voting Rights” (with Marie Sushka and Myron Slovin), Journal of Banking and Finance, 2012. Vol. 36, No. 4. 1244-1253.
3. “Ownership Structure and Target Returns” (with Sara Moeller, Frederik Schlingemann, and Chad Zutter) Journal of Corporate Finance, 2009. Vol. 15, No. 1, 48-65. Best paper award, Journal of Corporate Finance special issue on Corporate Control, Mergers, and Acquisitions.
4. “Protective Governance Structure and the Value of Acquisition Activity” (with Mike Stegemoller) Journal of Corporate Finance, 2008, Vol. 14, No. 5, 550-566.

Working Papers

1. “Investor Demand for Information in Newly Issued Securities” (with Jack Cooney and Kathleen Hanley), July 2018. Presented at the American Finance Association Meetings 2016
2. “Do Merger Synergies Exist?” (with Gennaro Bernile), November 2013. Presented at the Western Finance Association meetings, Victoria BC, 2010

Other Publications

1. “Regulators’ Use of Data Analytics,” Book Chapter, Practicing Law Institute (With Charles Riely), forthcoming.
2. “Capital Raising in the U.S.: An Analysis of the Market for Unregistered Securities Offerings, 2009-2017” (with Rachita Gullapalli and Vladimir Ivanov), DERA White Paper, August 2018.
3. “Capital raising in the U.S.: An analysis of the market for unregistered securities offerings, 2009-2014” (with Rachita Gullapalli and Vladimir Ivanov), DERA White Paper, October 2015.
4. “Perspectives on Economic Analysis at the SEC, Panel Session from the 2014 FMA Meeting”, (with Craig Lewis, Vladimir Ivanov, Amy Edwards, Igor Kozhanov, and Tara Bhandari) Journal of Applied Corporate Finance, 25:1 (2015), 58-67
5. “Qualified Residential Mortgages: Background data analysis on credit risk retention” (With Joshua White), DERA White Paper, July 2013
6. Capital raising in the U.S.: An analysis of unregistered offerings using the regulation D exemption, 2009-2012 (With Vladimir Ivanov), DERA White Paper, July 2013
7. Capital raising in the U.S.: The significance of unregistered offerings using the Reg D exemption (With Vladimir Ivanov), DERA White Paper, February 2012
8. “Risk Management, Corporate Governance, and the Search for Long-term Investors,” (with Jim Dunigan, Damien Park, Patrick McGurn, Don Chew, and Ralph Walkling), Journal of Applied Corporate Finance, 2010, Vol. 22, No. 4, 58-74.