Stephen Lenkey

Color portrait of Stephen Lenkey

Assistant Professor of Finance

Department Finance
Office Address 367 Business Building
Phone Number 814-867-5795
Email Address

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Ph D, Finance, Carnegie Mellon University, 2012

JD, University of Pittsburgh, 2009

MS, Finance, Carnegie Mellon University, 2009

MBA, Carnegie Mellon University, 2008

BS, Microbiology, 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., "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