Stephen Lewis Lenkey

Color portrait of Stephen Lenkey

Assistant Professor of Finance

Office Address 367 Business Building
Phone Number 814-867-5795
Email Address sll30@psu.edu

Download Photo


Education

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 – Security Analysis and Portfolio Management (3)
Advanced valuation theory; fundamentals of security analysis; portfolio construction and management.

Selected Publications

Ivanov I. T., Lenkey S., "Do Leveraged ETFs Really Amplify Late-Day Returns and Volatility?." Journal of Financial Markets, 2018, pp. 47.
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.

Research Impact and Media Mentions

"An ETF Time Bomb That Isn’t?", Wall Street Journal, Newspaper
"Fears Over ‘Casino on Wheels’ Leveraged ETFs are Overblown", Financial Times, Newspaper