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David Clayton Brown

  • Associate Professor, Finance
  • Member of the Graduate Faculty
Contact
  • (520) 621-7554
  • McClelland Hall, Rm. 315R
  • Tucson, AZ 85721
  • dcbrown@arizona.edu
  • Bio
  • Interests
  • Courses
  • Scholarly Contributions

Degrees

  • Ph.D. Finance
    • University of Colorado Boulder, Boulder, Colorado, United States
    • Investing in Security Price Informativeness: The Role of IPO Underpricing
  • Bachelor of Science in Business Finance and Accounting
    • University of Kansas, Lawrence, Kansas, United States

Awards

  • 2018 TIAA Paul A. Samuelson Award for Outstanding Scholarly Writing on Lifelong Financial Security
    • TIAA, Fall 2018
  • Eller College Student's Choice Award for Outstanding Faculty
    • Eller College Dean's Council, Fall 2017
  • WU Gutmann Center Best Discussant Prize
    • WU Gutmann Center, Spring 2017
  • Scrivner Teaching Award
    • UA Foundation and the Finance Department, Spring 2015

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Interests

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Courses

2025-26 Courses

  • Corp Strategy-Int'l Finance
    FIN 415 (Fall 2025)
  • Financial Modeling
    FIN 413 (Fall 2025)
  • Workshop
    FIN 397 (Fall 2025)

2024-25 Courses

  • Workshop
    FIN 397 (Spring 2025)
  • Corp Strategy-Int'l Finance
    FIN 415 (Fall 2024)
  • Fin Mgmt/Multi-Nat Entrp
    FIN 514 (Fall 2024)
  • Financial Modeling
    FIN 413 (Fall 2024)

2023-24 Courses

  • Independent Study
    FIN 399 (Spring 2024)
  • Financial Modeling
    FIN 413 (Fall 2023)
  • Independent Study
    FIN 399 (Fall 2023)

2022-23 Courses

  • Critical Thinking in Finance
    FIN 415 (Fall 2022)

2021-22 Courses

  • Critical Thinking in Finance
    FIN 415 (Spring 2022)
  • Financial Modeling
    FIN 413 (Spring 2022)
  • Quantitat Fin Mgmt Tech - Mjrs
    FIN 360L (Spring 2022)
  • Quantitat Fin Mgmt Tech - Mjrs
    FIN 360L (Fall 2021)

2020-21 Courses

  • Critical Thinking in Finance
    FIN 415 (Spring 2021)
  • Financial Modeling
    FIN 413 (Spring 2021)

2019-20 Courses

  • Financial Modeling
    FIN 413 (Fall 2019)
  • Fundmntl Valuation Model
    FIN 513 (Fall 2019)

2018-19 Courses

  • Honors Thesis
    FIN 498H (Spring 2019)
  • Independent Study
    FIN 499 (Winter 2018)
  • Financial Modeling
    FIN 413 (Fall 2018)
  • Fundmntl Valuation Model
    FIN 513 (Fall 2018)
  • Honors Thesis
    FIN 498H (Fall 2018)

2017-18 Courses

  • Financial Modeling
    FIN 413 (Fall 2017)
  • Fundmntl Valuation Model
    FIN 513 (Fall 2017)

2016-17 Courses

  • Financial Modeling
    FIN 413 (Fall 2016)
  • Fundmntl Valuation Model
    FIN 513 (Fall 2016)

Related Links

UA Course Catalog

Scholarly Contributions

Journals/Publications

  • Brown, D. C., & Davies, S. W. (2017). Moral Hazard in Active Asset Management. Journal of Financial Economics, 125(2), 311-325.
  • Brown, D. C., Cederburg, S. H., & O'Doherty, M. S. (2017). Tax Uncertainty and Retirement Savings Diversification. Journal of Financial Economics, 126, 689-712.

Presentations

  • Brown, D. C. (2022, January). On the Origins of IPO Profits. American Finance Association Annual Meeting. Virtual.
  • Brown, D. C. (2021, January). Dominated ETFs. University of Virginia Darden Seminar. Virtual.
  • Brown, D. C. (2021, May). Tax Uncertainty and Retirement Savings Diversification. Financial Planners of Southern Arizona. Virtual.
  • Brown, D. C. (2021, November). On the Origins of IPO Profits. University of Central Florida. Virtual.
  • Brown, D. C. (2021, September). On the Origins of IPO Profits. University of Wisconsin Milwaukee. Virtual.
  • Brown, D. C., & Towner, M. (2021, June). Dominated ETFs. Western Finance Association. Virtual.
  • Brown, D. C., & Davies, S. W. (2015, December). Moral Hazard in Active Asset Management. Paris December Finance Meeting. Paris, France: Eurofidai.

Profiles With Related Publications

  • Scott H Cederburg
  • Mitchell Scott Towner

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