Pulichino Tong Business Center staircase
Kovacs-Tunde
Tunde Renata KovacsAssociate Professor, Finance Coordinator
  • College
    Manning School of Business
  • Department
    Finance
  • Office
    Pulichino Tong Business Center - 254
  • Email

Research Interests

Professor Kovacs’ research interests include information assimilation in financial markets, market efficiency, short sales, security issues, and analyst recommendations. She is also interested in the effects of social networks on corporate decision making and social media on investor relations. Her research appeared in the Journal of Financial and Quantitative Analysis, Contemporary Accounting Research, Journal of Corporate Finance, Journal of Banking and Finance, European Financial Management, and Journal of Empirical Finance.

Education

  • Ph D: Finance, (2006), Pamplin College of Business, Virginia Tech - Blacksburg, Virginia
  • MBA: Finance, (1999), Corvinus University - Budapest, Hungary
  • Other: Certificate of Graduate Business Studies, (1998), Corvinus University and University of Passau - Hungary, Germany
  • BS: Business Administration, (1997), Corvinus University - Budapest, Hungary

Biography

Prior to joining UMass Lowell, Professor Kovacs was a faculty member at Northeastern University and a visitor at Virginia Tech. She has taught courses in Investments, International Financial Management, Venture Capital Financing, and Corporate Finance.

Selected Awards and Honors

  • 2015 Faculty Award for Teaching Excellence (2015), Teaching - University of Massachusetts Lowell, Dept. of Finance
  • Excellence in Teaching Award, university-wide (2012) - Northeastern University
  • Excellence in Teaching Award, University-Wide (Nominee) (2012) - Northeastern University
  • Outstanding Corporate Finance paper, " Investor recognition and seasoned equity issuers" (2012) - Eastern Finance Association
  • Riesman Research Professor (2012) - Northeastern University
  • Summer Research Professor, CBA Strategic Initiative (2011) - Northeastern University
  • Technical Associates Award for Outstanding PhD Student (2005)
  • Technical Associates Award for Outstanding PhD Student (2003)
  • Scholarship (1999) - University of Passau

Selected Publications

  • Autore, D.M. (Florida State University), Hobbs, J. (Appalachian State University), Kovacs, T.R., Singh, V. (University of Michigan - Dearborn) () "Shareholder rights and the costs of seasoned equity offerings," Review of Quantitative Finance and Accounting
  • Kovacs, T.R. (2016) "Intra-industry information transfers and the post-earnings announcement drift," Contemporary Accounting Review 33:Winter pp. 1549-1575
  • Faleye, O., Kovacs, T.R., Venkateswaran, A. (2014) "Do Better-Connected CEOs Innovate More?," Journal of Financial and Quantitative Analysis 49:5-6 pp. 1201–1225
  • Autore, D.M., Kovacs, T.R. (2014) "Investor recognition and seasoned equity offers," Journal of Corporate Finance 25: pp. 216-233
  • Hobbs, J., Kovacs, T.R., Sharma, V. (2012) "The investment value of the frequency of analyst recommendation changes for the ordinary investor," Journal of Empirical Finance 19:1 pp. 94-108
  • Autore, D.M., Hutton, I., Kovacs, T.R. (2011) "Accelerated Equity Offers and Firm Quality," European Financial Management 17:5 pp. 835-859
  • Autore, D.M., Billingsley, R.S., Kovacs, T.R. (2011) "The 2008 short sale ban: Liquidity, dispersion of opinion, and the cross-section of returns of US financial stocks," Journal of Banking and Finance 35:9 pp. 2252-2266
  • Autore, D.M., Kovacs, T.R. (2010) "Equity issues and temporal variation in information asymmetry," Journal of Banking and Finance 34:1 pp. 12-23
  • Autore, D.M., Kovacs, T., Sharma, V. (2009) "Do analyst recommendations reflect shareholder rights?," Journal of Banking and Finance 33:2 pp. 193-202

Selected Presentations

  • Seeking the limelight – not for all firms - European Financial Management Association, April 2018 - Philadelphia
  • Are analyst recommendations influenced by idiosyncratic skewness?, 2017
  • Seeking the limelight – not for all firms - Financial Management Association, October 2017 - Boston
  • Seeking the limelight – not for all firms - Boston Area Finance Symposium, April 2017 - Boston
  • Social networks in finance research - UML Faculty Symposium Lightning Talks, February 2017
  • Seeking the limelight – not for all firms, 2016
  • The impact of CEO connections for equity issuing firms - 5th Annual CIRANO-Sam M. Walton College of Business Workshop on Networks in Trade and Finance, September 2016 - Fayetteville, AS
  • The impact of CEO connections for equity issuing firms” - Eastern Finance Association, April 2016 - Baltimore
  • Have lemons become more sour? The decline in investor receptiveness to seasoned equity offers - Financial Management Association Annual Meeting, October 2015 - Orlando
  • The impact of CEO connections for equity issuing firms - Financial Management Association Annual Meeting, October 2015 - Orlando
  • CEO connections and the cost of raising equity - Midwest Finance Association, March 2015 - Chicago
  • Are Analyst Recommendations Influenced by Idiosyncratic Skewness? - Eastern finance Association Annual Meeting 2013, 2013 - Petersburg, FL
  • Are analyst recommendations influenced by idiosyncratic skewness? - Financial Management Association Annual Meeting, October 2013 - Chicago
  • Are analyst recommendations influenced by idiosyncratic skewness, 2012
  • Do better connected CEOs innovate issuers, 2012
  • - Do better connected CEOS innovate more?, 2012 - Atlanta, GA
  • Investor recognition and seasoned equity (Outstanding Corporate Finance Paper), 2012 - Boston, MA
  • - Northeastern University Finance Seminar Series, 2011
  • The investor recognition of seasoned equity issuers, 2011
  • The investors recognition and seasoned equity issuers, 2011 - Braga, Portugal
  • - Accelerated equity offers and firm quality, 2010
  • Accelerated equity offers and firm quality - European Financial Management Association Annual Meeting 2010, 2010 - Aarhus, Denmark
  • The Investment Value of the Frequency Analyst Recommendation Changes for the Ordinary Investor - Financial Management Association Annual Meeting 2010, 2010 - New York City, New York
  • Accelerated equity offers and firm quality, 2009
  • Do shareholder rights influence the direct costs of issuing seasoned equity? - Eastern Finance Association Annual Meeting 2009, 2009 - Washington, D.C
  • - Financial Management Association Annual Meeting 2009, 2009 - Reno, NV
  • Do analyst recommendations reflect shareholder rights? - Midwestern Finance Association Annual Meeting, 2009 - Chicago, IL
  • - Northeastern University Finance Seminar Series, 2009
  • - Accelerated equity offers and firm quality, 2008 - Dallas, TX
  • Autore, D.M., Hutton, I., and Kovacs, T. - Accelerated equity offers and firm quality, 2008
  • - Intra-industry information transfers and the post-earnings announcement drift, 2008 - Prague. Czech Republic
  • Do analyst recommendations reflect shareholder rights?, 2007 - Orlando, FL
  • Intra-industry information transfers and the post-earnings announcement drift, 2006 - Salt Lake City, UT
  • Intra-industry information transfers and the post-earnings announcement drift, 2005 - Chicago, IL
  • Intra-industry information transfers and the post-earnings announcement drift, 2005 - San Antonio, Texas
  • Intra-industry information transfers and the post-earnings announcement drift, 2005 - Tallahassee, Florida
  • Intra-industry information transfers and the post-earnings announcement drift, 2005 - Blacksburg, Virginia
  • Intra-industry information transfers and the post-earnings announcement drift, 2005 - Boston, Massachusetts
  • Intra-industry information transfers and the post-earnings announcement drift, 2005 - Bowling Green, OH
  • Intra-industry information transfers and the post-earnings announcement drift, 2005 - Fullerton, California
  • Intra-industry information transfers and the post-earnings announcement drift, 2005 - Tampa, Florida

Research Currently in Progress

  • Are analyst recommendations influenced by idiosyncratic skewness?
    Kovacs, T.R., Autore, D.M., Delisle, J., Hwang, B.
  • CEO connections and the cost of raising equity
    Kovacs, T.R., Autore, D.M.
  • Have lemons become more sour? The decline in investor receptiveness to seasoned equity offers
    Kovacs, T.R., Autore, D.M., Jones, T.A., Peterson, D.R.
  • Midair refueling for sensation seeking? Pilot CEOs and corporate debt contracting
    Kovacs, T.R., Freund, S., Phan, H.V., Nguyen, N.H.
  • Seeking the limelight - not for all firms
    Kovacs, T.R., Shen, Y. (UML), Pichler, P. (NEU)