Gwendolyn Webb
Professor
Zicklin School of Business
Department: Bert Wasserman Dept Eco & Fin
Areas of expertise:
Email Address: gwendolyn.webb@baruch.cuny.edu
> View CV- Biography
- Teaching
- Research and Creative Activity
- Grants
- Honors and Awards
- Service
Education
Ph.D., Finance, New York University
M.B.A., Finance, New York University
M.A., Economics, Univ. of Pennsylvania
AB, Economics, Wheaton College (Mass.)
| Semester | Course Prefix | Course Number | Course Name |
|---|---|---|---|
| Spring 2022 | FIN | 9893 | Special Topics in Investments |
| Spring 2020 | FIN | 9790 | Seminar in Finance |
| Spring 2020 | CIS | 9797 | Spec Top in Info Syst Strategy |
| Fall 2018 | FIN | 9771 | Corporate Fin Theory |
| Fall 2017 | FIN | 9771 | Corporate Fin Theory |
| Fall 2016 | FIN | 9771 | Corporate Fin Theory |
| Spring 2016 | FIN | 9985 | Risk Management in Financial |
| Fall 2015 | FIN | 9771 | Corporate Fin Theory |
| Spring 2015 | FIN | 9985 | Risk Management in Financial |
| Spring 2015 | FIN | 9771 | Corporate Fin Theory |
| Fall 2014 | FIN | 9985 | Risk Management in Financial |
| Fall 2014 | FIN | 9771 | Corporate Fin Theory |
| Fall 2014 | FIN | 4610 | Advanced Corporate Finance |
| Spring 2014 | FIN | 9985 | Risk Management in Financial |
| Fall 2013 | ACC | 9901 | Special Topics in Accountancy |
| Fall 2013 | FIN | 4808 | Risk Management I |
| Fall 2013 | FIN | 9771 | Corporate Fin Theory |
| Spring 2013 | FIN | 4610 | Advanced Corporate Finance |
| Spring 2013 | FIN | 4610 | Advanced Corporate Finance |
| Spring 2013 | FIN | 9983 | Selected Topics in Investments |
| Fall 2012 | FIN | 9790 | Seminar in Finance |
| Fall 2012 | FIN | 9790 | Seminar in Finance |
| Fall 2012 | FIN | 9771 | Corporate Fin Theory |
| Fall 2012 | FIN | 4808 | Risk Management I |
| Summer 2012 | FIN | 3610 | Corporate Finance |
| Summer 2012 | FIN | 4610 | Advanced Corporate Finance |
| Spring 2012 | FIN | 9771 | Corporate Fin Theory |
| Fall 2011 | FIN | 9771 | Corporate Fin Theory |
| Fall 2011 | FIN | 9790 | Seminar in Finance |
| Fall 2011 | FIN | 4808 | Risk Management I |
| Summer 2011 | FIN | 3610 | Corporate Finance |
| Summer 2011 | FIN | 4610 | Advanced Corporate Finance |
| Spring 2011 | FIN | 9790 | Seminar in Finance |
| Fall 2010 | FIN | 4610 | Advanced Corporate Finance |
| Fall 2010 | FIN | 4610 | Advanced Corporate Finance |
| Fall 2010 | FIN | 9771 | Corporate Fin Theory |
| Fall 2010 | FIN | 9771 | Corporate Fin Theory |
| Spring 2010 | FIN | 9771 | Corporate Fin Theory |
| Fall 2009 | FIN | 4610 | Advanced Corporate Finance |
| Fall 2009 | FIN | 9771 | Corporate Fin Theory |
| Summer 2009 | FIN | 4610 | Advanced Corporate Finance |
| Summer 2009 | FIN | 4610 | Advanced Corporate Finance |
| Spring 2009 | FIN | 4610 | Advanced Corporate Finance |
| Spring 2009 | FIN | 4610 | Advanced Corporate Finance |
| Fall 2008 | FIN | 4610 | Advanced Corporate Finance |
| Fall 2008 | FIN | 4610 | Advanced Corporate Finance |
| Fall 2008 | FIN | 9771 | Corporate Fin Theory |
| Summer 2008 | FIN | 4610 | Advanced Corporate Finance |
| Spring 2008 | FIN | 4610 | Advanced Corporate Finance |
| Spring 2008 | FIN | 4610 | Advanced Corporate Finance |
| Fall 2007 | ECO | 5011 | Internship in Economics II |
| Fall 2007 | ECO | 5010 | Internship in Economics I |
| Fall 2007 | FIN | 5610 | Internship in Finance I |
| Fall 2007 | FIN | 4610 | Advanced Corporate Finance |
| Fall 2007 | FIN | 4610 | Advanced Corporate Finance |
| Fall 2007 | FIN | 5611 | Internship in Finance II |
| Fall 2007 | FIN | 9771 | Corporate Fin Theory |
| Summer 2007 | BUS | 3002 | Business Internship |
| Summer 2007 | BUS | 3001 | Business Internship |
| Summer 2007 | FIN | 4610 | Advanced Corporate Finance |
| Summer 2007 | FIN | 4610 | Advanced Corporate Finance |
| Summer 2007 | BUS | 3003 | Business Internship |
| Spring 2007 | FIN | 4610 | Advanced Corporate Finance |
| Spring 2007 | FIN | 4610 | Advanced Corporate Finance |
| Spring 2007 | BUS | 3001 | Business Internship |
| Spring 2007 | BUS | 3002 | Business Internship |
| Spring 2007 | BUS | 3003 | Business Internship |
| Spring 2007 | FIN | 5610 | Internship in Finance I |
| Fall 2006 | BUS | 3003 | Business Internship |
| Fall 2006 | BUS | 3001 | Business Internship |
| Fall 2006 | BUS | 3002 | Business Internship |
| Fall 2006 | FIN | 9771 | Corporate Fin Theory |
| Summer 2006 | FIN | 4610 | Advanced Corporate Finance |
| Spring 2006 | FIN | 3610 | Corporate Finance |
| Spring 2006 | FIN | 4610 | Advanced Corporate Finance |
| Fall 2005 | FIN | 4610 | Advanced Corporate Finance |
| Fall 2005 | FIN | 9770 | Corporate Finance |
| Fall 2005 | FIN | 9771 | Corporate Fin Theory |
| Spring 2005 | FIN | 9770 | Corporate Finance |
| Spring 2005 | FIN | 4610 | Advanced Corporate Finance |
| Spring 2005 | FIN | 6002 | Honors Courses in Finance |
| Fall 2004 | FIN | 9770 | Corporate Finance |
| Fall 2004 | FIN | 6001 | Honors Courses in Finance |
| Spring 2004 | FIN | 3610 | Corporate Finance |
| Spring 2004 | FIN | 4610 | Advanced Corporate Finance |
| Fall 2003 | FIN | 4610 | Advanced Corporate Finance |
| Fall 2003 | FIN | 3610 | Corporate Finance |
| Spring 2003 | FIN | 4610 | Advanced Corporate Finance |
| Spring 2003 | FIN | 3610 | Corporate Finance |
| Fall 2002 | FIN | 3610 | Corporate Finance |
| Fall 2002 | FIN | 4610 | Advanced Corporate Finance |
| Summer 2002 | FIN | 3610 | Corporate Finance |
| Summer 2002 | FIN | 3610 | Corporate Finance |
| Spring 2002 | FIN | 3610 | Corporate Finance |
| Spring 2002 | FIN | 4610 | Advanced Corporate Finance |
| Fall 2001 | FIN | 3610 | Corporate Finance |
| Fall 2001 | FIN | 4610 | Advanced Corporate Finance |
| Summer 2001 | FIN | 3610 | Corporate Finance |
Journal Articles
Yu, S., & Webb, G. P. (2020). Empirical Evidence on the Profitability of Momentum Trading Strategies Using ETFs. Managerial Finance, 46(11). 1321-1342.
Yu, S., & Webb, G. P. (2017). The Information Content of Dividend Initiation Announcements: The Case of Information Technology Firms. Managerial Finance, 43(7). 794-811.
Yu, S., & Webb, G. P. (2017). Market Adaptation to Regulation Fair Disclosure: The Use of Industry Information to Enhance the Informational Environment. Journal of Economics and Business, 89. 1-12.
Yu, S., & Webb, G. P. (2016). Can Fundamental Factors Enhance the Performance of Traditional Momentum Strategies?. Journal of Investment Management, 14(4). 16.
Yu, S., Webb, G. P., & Tandon, K. (2015). What Happens When a Stock Is Added to the Nasdaq-100 Index? What Doesn’t Happen?. Managerial Finance, 41(5).
(2012). Removing Biases in Computed Returns: An Analysis of Bias in Equally-Weighted Return Indexes of REITs. International Real Estate Review, 15(1). 43-71.
(2010). The Hot-Growth Companies: How Well Do Analysts Predict Their Performance?. Journal of Economics and Business, 62(3). 195-219.
Yu, S., Tandon, K., & Webb, G. P. (2010). The Effects of Options Introduction on Analyst Coverage and Earnings' Estimates. The American Economist, LV(2). 46-66.
Yu, S., & Webb, G. P. (2010). Options Introduction and Secondary Equity Offerings. Journal of Applied Finance, 20(1). 93-109.
(2010). Removing Biases in Computed Returns. The Review of Quantitative Finance and Accounting, 35(2). 137-161.
(2009). The Effects of ETF Splits on Returns, Liquidity, and Individual Investors. Managerial Finance, 35(9). 754-771.
(2008). The Information Content of Stock Split Announcements: Do Options Matter?. Journal of Banking and Finance, 32(6). 930-946.
(2008). The Performance of Stocks That Are Reverse Split. Review of Quantitative Finance and Accounting, 30(3). 253-279.
(2001). Evidence and Implications of Increases in Trading Volume around Exchange Listings. Financial Review, 36(2). 21-44.
(1999). The Impact of Listing Latin American ADRs on the Risks and Returns of the Underlying Shares. Global Finance Journal, 10(2). 147-160.
(1999). Recent Growth in Nasdaq Trading Volume and Its Relation to Market Volatility. The Journal of Financial Research, 22(4). 489-501.
(1999). Evidence of Managerial Timing: The Case of Exchange Listings. The Journal of Financial Research, 22(3). 247-263.
(1994). A Regression Analysis of the Effects of Option Introduction on Stock Variances. The Journal of Derivatives, 1(3). 25-38.
(1993). Options, Short Sales and Market Completeness. The Journal of Finance, 48(2). 761-777.
Presentations
Yu, S., Webb, G. P., & Tandon, K. (2013, March 31). A Multivariate Analysis of Additions to the Nasdaq-100 Index: Does Liquidity Matter?. Albuquerque, NM: Southwestern Finance Association.
Webb, G. P., Yu, S., & Lord, R. (2011, December 31). Operating Performance and the Quality of Reported Earnings: A Case Study of Business Week's Hot-Growth Stocks. Eastern Finance Association 2011 Annual Meeting. Savannah, GA
Yu, S., Tandon, K., & Webb, G. P. (2010, December 31). The Effects on Analyst Coverage and Earnings Quality Resulting from Additions to the Nasdaq-100 Index. The Eastern Finance Association 2010 Annual Meeting.
Webb, G. P. (2010, December 31). . : The Eastern Finance Association 2010 Annual Meeting.
Webb, G. P. (2010, December 31). . : Financial Management Association, 2010 Annual Meeting.
Webb, G. P. (2009, December 31). . : The Midwest Finance Association 2009 Annual Meeting.
Yu, S., & Webb, G. P. (2009, December 31). The Effects of ETF Splits on Liquidity and Individual Investors. The Midwest Finance Association Annual 2009 Meeting.
Yu, S., Tandon, K., & Webb, G. P. (2008, December 31). Real Options and Implications for Estimating Betas of Private Firms. The Southern Finance Association 2008 Annual Meeting.
Yu, S., Tandon, K., & Webb, G. P. (2008, December 31). Are Additions to the Nasdaq-100 Index 'Information Free'?. 13th Asian Real Estate (AsRES) Annual Conference and the 2008 AREUEA International Conference.
Fisher, L., Weaver, D. G., & Webb, G. P. (2008, December 31). Removing Biases in Computed Returns: An Analysis of Bias in Equally-Weighted Return Indexes of REITs. 13th Asian Real Estate (AsRES) Annual Conference and the 2008 AREUEA International Conference.
Webb, G. P. (2008, December 31). . : The 13th Asian Real Estate (AsRES) Annual Conference and the 2008 AREUEA International Conference.
Yu, S., Tandon, K., & Webb, G. P. (2007, December 31). Which Firms Should Use EVA? Which Ones Shouldn’t?. 12th Asian Real Estate (AsRES) Annual Conference and 2007 AREUEA International Conference.
Yu, S., Lord, R., & Webb, G. P. (2007, December 31). The Hot-Growth Companies: How Well Do Analysts Predict Their Performance?. The Southern Finance Association 2007 Annual Meeting.
Webb, G. P. (2006, December 31). . : The Southern Finance Association 2006 Annual Meeting.
Martell, T., & Webb, G. P. (2006, December 31). The Performance of Stocks that Are Reverse Split. The Southern Finance Association 2006 Annual Meeting.
Webb, G. P., & Freund, S. (2006, December 31). The Performance of Firms that Phase-up from the Nasdaq SmallCap Market to the Nasdaq National Market. The Midwest Finance Association 2006 Annual Meeting.
Chern, K., Tandon, K., Yu, S., & Webb, G. P. (2005, December 31). The Informational Content of Stock Split Announcements: Do Options Matter?. The Southern Finance Association 2005 Annual Meeting.
Webb, G. P., & Freund, S. (1998, December 31). The Effects on Option Trading on Stock Volatility: New Evidence on Recent Option Introductions. The Financial Management Association 1998 Annual Meeting.
Webb, G. P., & Tandon, K. (1998, December 31). The Special Case of Nasdaq Firms that List on Amex: Evidence and Implications of Beta and Volume Increases. The Financial Management Association 1998 Annual Meeting.
Webb, G. P., & Freund, S. (1998, December 31). Recent Growth in Nasdaq Trading Volume and its Relation to Market Volatility. The Financial Management Association and Midwest Finance Association 1998 Annual Meetings.
Freund, S., & Webb, G. P. (1997, December 31). The Effects of Option Trading on Stock Volatility: Does the Volume of Options Trading Matter?. The Midwest Finance Association 1997 Annual Meeting.
Webb, G. P. (1996, December 31). . : The Multinational Finance Association 1996 Annual Meeting.
Martell, T., Rodriquez, Jr., L., & Webb, G. P. (1996, December 31). The Impact of Listing Latin American ADRs on the Risks and Returns of the Underlying Shares. The Multinational Finance Association 1996 Annual Meeting.
Webb, G. P. (1995, December 31). Transfers of Trading Location and Effects on Stock Returns: Causality Versus Correlation. The Financial Management Association 1995 Annual Meeting.
Webb, G. P. (1994, December 31). . : The Financial Management Association 1994 Annual Meeting.
Webb, G. P., & McCann, P. D. (1992, December 31). The Information Content of the Initial Dividend. The Financial Management Association 1992 Annual Meeting.
Freund, S., McCann, P. D., & Webb, G. P. (1992, December 31). A Regression Analysis of the Effects of Option Introduction on Stock Variances. The Financial Management Association l992 Annual Meeting.
Freund, S., & Webb, G. P. (1991, December 31). The Lead/Lag Relation Between Stock and Option Prices. The Financial Management Association and the Southern Finance Association 1991 Annual Meetings.
Figlewski, S., & Webb, G. P. (1990, December 31). Options, Short Sales and Market Completeness. The Western Finance Association 1990 Annual Meeting.
Yu, S., & Webb, G. P. New Perspectives on the Information Content of Dividend Initiation Announcements: The Special Case of Information Technology Firms. St. Pete Beach, FL: Eastern Finance Association 2013 Annual Meeting.
Other Scholarly Works
Webb, G. P. (1988). The Implications of Constraints on Short Sales for Stock and Option Prices.
| Honor / Award | Organization Sponsor | Date Received | Description |
|---|---|---|---|
| Zicklin Award for Excellence in Teaching | The Zicklin School of Business | 2009 | |
| Zicklin Fellowship in Economics and Finance | 1999 | 1998-1999 Academic Year | |
| Elected to Beta Gamma Sigma | 1976 |
College
| Committee Name | Position Role | Start Date | End Date |
|---|---|---|---|
| Associate Dean, Executive Programs | Present | ||
| Co-Executive Director, DPSB Program | Present | ||
| Informational Guides for Finance Majors | Present | ||
| Corporate Finance, Fin 3610, and Advanced Corporate Finance, Fin 4610 | Present | ||
| Interim Executive Director. DPSB Program | 12/31/2019 | ||
| Academic Director of the Executive MS in Finance (EMSF) and International Executive Programs (IEP) in Finance | 6/30/2019 | ||
| Executive Director, Executive Programs | 1/2/2017 | ||
| Search Committee | Committee Member | 3/31/2016 | |
| Ad Hoc Committee | Committee Member | 2/28/2016 | |
| Search Committee | Committee Member | 12/31/2015 | |
| Interim Executive Director, Domestic Executive Programs | 6/15/2015 | ||
| New MS in Financial Risk Management | 12/31/2013 | ||
| Faculty Seminar on Assurance of Learning in the MS Programs | 12/31/2011 | ||
| Association for Corporate Growth MBA Case Competition | Faculty Advisor | 12/31/2011 | |
| Faculty Advisor, MBA Finance Majors | 12/31/2010 | ||
| Faculty Seminar in Online and Hybrid Education | 12/31/2010 | ||
| Undergraduate Curriculum Committee | Member-at-large | 12/31/2009 | |
| Faculty Advisor to Undergraduate Internship Students | 9/30/2008 | ||
| Faculty Senate | Senator | 12/31/2007 | |
| Report for the External Review of the Finance Area of the Department of Economics and Finance | 4/8/2007 | ||
| MBA Learning Goal Assessment Committee - Quantitative Goal | Co-Chair | 12/31/2005 | |
| Inter-MBA Asset Management Competition 2004/2005 | Faculty Advisor | 12/31/2005 | |
| Zicklin Faculty representative to the Registration Grid Committee | 12/31/2005 | ||
| Thesis Advisor | Served as Honors Thesis Advisor to Caroline Kim | 3/31/2005 | |
| Department of Economics and Finance ad hoc Committee on the Undergraduate Finance Curriculum | Committee Chair | 9/30/2003 | |
| Course Scheduler | 12/31/2000 | ||
| Department's Recruiting Committee for New Faculty | Committee Member | 12/31/2000 | |
| Advisory Committee to the Baruch College Campus High School | Member | 12/31/1999 | |
| Committee on Academic Standards | Member | 12/31/1997 | |
| Graduate Committee on Finanical Aid | Member | 12/31/1997 | |
| Graduate Curriculum Committee | Alternate Member | 12/31/1997 | |
| MBA core course Financial Decision Making, Finance 9770 | 12/31/1996 | ||
| Graduate Curriculum Committee | Member | 12/31/1996 | |
| Security Committee | Member | 12/31/1996 | |
| Baruch Committee for the Morgan Stanley Scholar Program | Member | 12/31/1996 | |
| Graduate Curriculum Committee | Alternate Member | 12/31/1995 | |
| Educational Policy Committee of the Faculty Senate | Member | 12/31/1995 | |
| Undergraduate finance majors and reviewed transcripts of transfer students for evaluation of transfer credits | Faculty Advisor | 12/31/1991 | |
| Graduate Finance Association | Faculty Advisor | 12/31/1991 | |
| Graduate Finance Association | Founder | 12/31/1988 |
University
| Committee Name | Position Role | Start Date | End Date |
|---|---|---|---|
| CUNY BA students Amina Huling (2005), Marek Kruszelnicki (2002), and Donette Watson (1997) | Mentored | Present | |
| Doctoral Faculty | Committee Member | 5/18/2007 | Present |
| Position paper committees for Richard Ottoo (1994), Michel Rakotomavo (1995), Albert Murphy (1966), and Rajneesh Sharma (2003) | Committee Member | 12/31/2003 | |
| Doctoral committee for Albert Murphy | Committee Member | 12/31/2001 | |
| Wrote requests, accepted in full, for major database purchases including upgrades to Baruch's CRSP subscription to include Nasdaq securities; upgrades to the Compustat subscription to include Global Vantage, geographic segments, and back data tapes; and new subscriptions for the Institutional Brokers Estimate Service (I/B/E/S) and the NYSE Trade and Quote (TAQ) data | 12/31/1994 | ||
| CRSP databases to Ph.D. students and faculty in the Finance and Accounting Departments, and provided classes for doctoral students | Served as an advisor | 12/31/1994 |
Professional
| Organization | Position Role | Organization State | Organization Country | Start Date | End Date | Audience |
|---|---|---|---|---|---|---|
| Journal of Banking and Finance | Reviewer, Journal Article | 9/30/2015 | ||||
| Managerial Finance | Reviewer, Journal Article | 4/30/2015 | ||||
| Rutgers University, School of Business, New Brunswick, NJ | 7/31/2013 | |||||
| Journal of Banking and Finance | Reviewer, Journal Article | 12/31/2010 | ||||
| “Portfolio Adjustment Approaches and Techniques,” for Stardust Managed Capital Group | Program Organizer | Illinois | 4/30/2005 | |||
| "Current Academic Research in Applications of Options Analysis to Corporate Finance," Cain Asset Management | Program Organizer | New York | 6/30/2003 | |||
| "Real Estate Investments in Financial Portfolios: Opportunities and Risks," for Stardust Managed Capital Group | Program Organizer | Illinois | 8/31/2002 | |||
| "Implications of Efficient Markets for Investment Strategies," for Stardust Managed Capital Group | Program Organizer | Illinois | 6/30/2001 |
Public
| Organization | Position Role | Organization State | Organization Country | Start Date | End Date | Audience |
|---|---|---|---|---|---|---|
| The Quarterly Journal of Finance and Accounting | Referee | 12/31/2010 | ||||
| The Financial Review | Referee | 12/31/2010 | ||||
| Managerial Finance | Referee | 12/31/2009 | ||||
| The Review of Financial Economics | Referee | 12/31/2009 | ||||
| The Journal of Quantitative Finance and Accounting | Referee | 12/31/2007 | ||||
| The Journal of Financial Intermediation | Referee | 1/1/2004 | 12/31/2005 | |||
| The Journal of Futures Markets | Referee | 12/31/2004 | ||||
| The Financial Review | Referee | 12/31/2003 | ||||
| The Financial Review | Referee | 12/31/2002 | ||||
| The Journal of Financial Research | Referee | 12/31/2002 | ||||
| The Quarterly Review of Economics and Finance | Referee | 12/31/2001 | ||||
| The Journal of Derivatives | Referee | 12/31/2001 | ||||
| The Journal of Financial Research | Referee | 12/31/2001 | ||||
| The Multinational Finance Journal | Referee | 12/31/1997 | ||||
| The Quarterly Journal of Business and Economics | Referee | 12/31/1997 | ||||
| The Journal of Financial Research | Referee | 12/31/1996 | ||||
| The Multinational Finance Journal | Referee | 12/31/1996 | ||||
| The Review of Financial Economics | Referee | 12/31/1996 | ||||
| The International Review of Financial Analysis | Referee | 12/31/1995 | ||||
| The Journal of Financial Research | Referee | 12/31/1995 | ||||
| The Financial Review | Referee | 12/31/1994 | ||||
| The Journal of Derivatives | Referee | 12/31/1994 | ||||
| The Financial Review | Referee | 12/31/1993 | ||||
| The Financial Review | Referee | 12/31/1992 | ||||
| The National Science Foundation | Referee | 12/31/1992 |