Selected Publications

  • Boyson, N., Gantchev, N., and Shivdasani, A. (2016). Activism Mergers. Journal of Financial Economics, forthcoming.
  • Boyson, N., Fahlenbrach, R., and Stulz, R. (2016). Why Don’t all Banks Practice Regulatory Arbitrage? Evidence from Usage of Trust Preferred Securities. Review of Financial Studies, 29(7), 1821-1859.
  • Aggarwal, R., and Boyson N. (2016). The Performance of Female Hedge Fund Managers. Review of Financial Economics, 29, 23-36.
  • Boyson, N., Stulz, R., and Stahel, C. (2010). Hedge Fund Contagion and Liquidity Shocks. Journal of Finance, 65(5), 1789-1816.
  • Agarwal, V., Boyson, N., and Narayan, N. (2009). Hedge Funds for Retail Investors? An Examination of Hedged Mutual Funds. Journal of Financial and Quantitative Analysis, 44(2), 273-305.

Selected Presentations

  • “Serial activists” and Activism mergers,” University of California San Diego, Future Directions in Hedge Fund Research Conference, October 2015.
  • “Serial activists,” Asset Management Conference, Humboldt University and ESMT, August 2015.
  • “Performance persistence in hedge fund activism,” Cleveland Federal Reserve seminar series, May 2015.
  • “Why do banks practice regulatory arbitrage? Evidence from usage of trust preferred securities,” American Social Sciences Association, January 2015.
  • Trust preferred securities and regulatory arbitrage,” Napa Conference on Financial Markets Research, April 2014.


  • PhD., Finance, The Ohio State University
  • MBA, Finance, Case Western Reserve University
  • BBA, Accounting, Kent State University

Research & Teaching Interests

Professor Boyson’s research and teaching interests fall in the area of investments and corporate finance, with a focus on regulatory arbitrage, hedge fund management, and hedge fund activism.

Industry & Academic Experience

Prior to joining the DMSB faculty in 2004, Professor Boyson was an Assistant Professor at Purdue University. Prior to joining Purdue, Professor Boyson was a manager for Ernst & Young, the VP of Investments for Pension Consulting Services, an analyst for Third Federal Savings and Loan, and a senior accounting at KPMG Peat Marwick.

Services to the Profession

A Certified Public Accountant, Professor Boyson serves on the Editorial Board of the Financial Analysts Journal, has served on the board of the Midwest Finance Association, has been a member of numerous program committees of professional organizations, and acts as an ad-hoc referee for journals including The Journal of FinanceReview of Financial Studies, Journal of Financial Economics, and The Journal of Financial and Quantitative Analysis.

Awards & Recognition

D’Amore-McKim Best Teacher Award 2016.

Finalist for Best Paper in Corporate Finance, FMA, 2014.