Roger Edelen is an Associate Professor at the Pamplin College of Business Administration at Virginia Tech University. He holds a PhD in Finance from the University of Rochester and an MBA and B.S. in Mathematics from the University of Texas at Austin. Prior to his appointment at Virginia Tech Dr. Edelen was an Associate Professor at the University of California at Davis Graduate School of Management, and an Assistant Professor at the Carroll School of Management at Boston College, and the Wharton School, University of Pennsylvania. He also has four years professional experience in the investment management industry, acting as Director of Research at ReFlow Management, a mutual fund liquidity service provider; Director of Enhanced Equity Strategies at Mellon Capital Management; providing Litigation and financial product development consulting; and options trading with O’Connor and Associates, a Chicago-based market making firm (now UBS).
Dr. Edelen's primary research interest is institutional investing, where he has made both empirical and theoretical contributions. Much of his work has focused on the role that operational and organizational influences play on mutual fund performance, particularly relating to transaction costs and shareholder flow. More generally, his interests in institutional trading has generated several studies of asset pricing relating to aggregate fund flows; high-frequency price adjustment delays; indexed securities; IPO pricing strategies; post-issuance returns of secondary equity offerings; and factor-based stock market anomalies. His teaching experience includes statistics, investments, equity valuation, and derivative securities.
Education & Certification
Ph.D, University of Rochester Simon School of Business, 1996
M.B.A., University of Texas Austin, 1989
B.S., University of Texas Austin, 1984