Stephen Lenkey
Associate Professor of Finance
Department Finance
Office Address 367 Business Building
Phone Number
814-867-5795
Email Address
sll30@psu.edu
Stephen Lenkey
Associate Professor of Finance
Department Finance
Office Address 367 Business Building
Phone Number
814-867-5795
Email Address
sll30@psu.edu
Education
Ph D, Finance, Carnegie Mellon University, 2012
JD, The University of Pittsburgh, 2009
MS, Finance, Carnegie Mellon University, 2009
MBA, Carnegie Mellon University, 2008
BS, Microbiology, The University of Rochester, 2004
Courses Taught
FIN 406 – Sec Anly &Prt Mgmt (3)
Advanced valuation theory; fundamentals of security analysis; portfolio construction and management.
Selected Publications
Lenkey S., Simin T. T., "A Dynamic Partial Equilibrium Model of Capital Gains Taxation." Journal of Finance and Data Science, vol. 9, 2023
Lenkey S., "Informed Trading with a Short-Sale Prohibition." Management Science, vol. 67, no. 3, 2021, pp. 1803-1824
Lenkey S., "Cancellable Insider Trading Plans: An Analysis of SEC Rule 10b5-1." Review of Financial Studies, vol. 32, no. 12, 2019, pp. 4947-4996
Cui Z., Deng J., Lenkey S., "Revisiting Advance Disclosure of Insider Trading." Economics Letters, vol. 182, 2019, pp. 78-81
Ivanov I. T., Lenkey S., "Do Leveraged ETFs Really Amplify Late-Day Returns and Volatility?." Journal of Financial Markets, vol. 41, 2018, pp. 36-56
Lenkey S., "Insider Trading and the Short-Swing Profit Rule." Journal of Economic Theory, vol. 169, 2017, pp. 517-545
Lenkey S., "Information-Hedging Disclosures and Insider Trading." Journal of Business Finance & Accounting, vol. 43, 2016, pp. 1280-1296
Lenkey S., "The Closed-End Fund Puzzle: Management Fees and Private Information." Journal of Financial Intermediation, vol. 24, no. 1, 2015, pp. 112-129
Lenkey S., "Advance Disclosure of Insider Trading." Review of Financial Studies, vol. 27, no. 8, 2014, pp. 2504-2537
Tamersoy A., Khalil E., Xie B., Lenkey S., Routledge B. R., Chau D., Navathe S. B., "Large-scale Insider Trading Analysis: Patterns and Discoveries." Social Network Analysis and Mining, vol. 4:201, 2014, pp. 1-17
Lenkey S., "Activist Arbitrage, Lifeboats, and Closed-End Funds." Review of Finance, vol. 18, no. 1, 2014, pp. 271-320