David M. Smith

Position: Associate Professor and Director, Center for Institutional Investment Management
Office: (518) 956-8356
Email: dsmith (at) albany.edu

Education
Ph.D., Virginia Tech, 1989

Biography
Professor Smith's teaching and research interests include corporate finance and investments. He has received the President's and Chancellor's Awards for Excellence in Teaching. Along with co-author and UAlbany alumnus William Desormeau, he received the Financial Frontiers Award for excellence in research from the Financial Planning Association and Janus-Intech. He holds the Chartered Financial Analyst (CFA) and Certified Management Accountant (CMA) designations. He is Associate Editor (Finance and Accounting) for the Journal of Business Research.

Recent Publications

Sell Discipline and Institutional Money Management,Christophe Faugere, Hany A. Shawky, and David M. Smith, Journal of Portfolio Management, Vol. 30 No. 3 (Spring 2004), 95-105. 

The Optimal Number of Stock Holdings in Mutual Fund Portfolios Based on Market Performance, Hany A. Shawky and David M. Smith, The Financial Review, Vol. 40 No. 1 (November 2005), 481-495. 

In Search of a Residual Dividend Policy, H. Kent Baker and David M. Smith, Review of Financial Economics, Vol. 15 No. 1 (Spring 2006), 1-18. 

Is the SEC Registration Status of Hedge Fund Advisers Associated with Superior Performance?, David Ornstil, Hany A. Shawky, and David M. Smith, Journal of Alternative Investments, Vol. 8 No. 4 (Spring 2006), 55-61. 

Are Retail S&P 500 Index Funds a Financial Commodity? Insights for Investors, John A. Haslem, H. Kent Baker, and David M. Smith, Financial Services Review, Vol. 15 No. 2 (Summer 2006), 99-116. 

Optimal Rebalancing Frequency for Stock-Bond Portfolios, David M. Smith and William H. Desormeau, Jr., Journal of Financial Planning, Vol. 19 No. 11 (November 2006), 52-63. 

Identification and Performance of Equity Mutual Fund with Excessive Management Fees and Expense Ratios, John A. Haslem, David M. Smith, and H. Kent Baker, Journal of Investing, Vol. 16 (Summer 2007), 1-20.

Institutional S&P 500 Index Funds as Financial Commodities: Fact and Fiction, John A. Haslem, H. Kent Baker, and David M. Smith, Journal of Investing, Vol. 17 No. 2 (Summer 2008), 1-11.

Performance and Characteristics of Actively Managed Retail Equity Mutual Funds with Diverse Expense Ratios
, H. Kent Baker, John A. Haslem, and David M. Smith, Financial Services Review, Vol. 17 No. 2 (Summer 2008), 49-68.

Performance and Characteristics of Actively Managed Institutional Equity Mutual Funds
, H. Kent Baker, John A. Haslem, and David M. Smith, Journal of Investing, Vol. 18 No. 1 (forthcoming Spring 2009).