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A. Joseph Warburton

A. Joseph Warburton

Professor of Finance

Room: 509
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PhD, University of Michigan Ross School of Business (Finance)
JD, University of Michigan Law School (Law)

Professor Warburton researches corporate finance, financial regulation, mutual funds, and bankruptcy. His research is largely empirical, and focuses on areas where finance and law intersect. He has published his research in leading journals in finance and law. Warburton’s research has attracted significant outside funding, including major research grants from the John Templeton Foundation and the World Bank. He teaches courses in financial management, corporate financing transactions, and commercial transactions, at the graduate and undergraduate levels. Prior to his academic career, he was a banking and finance attorney. In addition to his position at the Whitman School, Warburton also holds an appointment at Syracuse University’s College of Law.

Research Topics

  • Financial regulation
  • Mutual funds & investment management
  • Corporate governance
  • Bankruptcy & financial distress
Professor Warburton has published his research in leading journals in finance and law. His research has been cited in a number of Congressional hearings and White House reports and in publications such as the New York Times, Washington Post, and Bloomberg.

Selected Publications
  • "Business Development Companies: Venture Capital for Retail Investors", Business Lawyer, 76(1), 59-108, 2020
  • "Mutual Funds that Borrow", Journal of Empirical Legal Studies, 16(4), 767-806, 2019 (with Simkovic)
  • "Mutual Fund Capital Structure", Marquette Law Review, Vol. 100, Pages 671-756 (86 pages), 2017
  • "The Chrysler Effect: The Impact of Government Intervention on Borrowing Costs", Journal of Banking & Finance, 40(1), 62-79, 2014 (with Anginer, D.)
  • "Competition in Financial Services: Evidence from British Mutual Funds", Journal of Empirical Legal Studies, 9(4), 827-858, 2012
  • "Do Fiduciary Duties Matter?", Corporate Governance: The international journal of business in society, 11(5), 541-548, 2011
  • "Trusts Versus Corporations: An Empirical Analysis of Competing Organizational Forms", THE JOURNAL OF CORPORATION LAW, 36, 183-220, 2010
  • "Understanding the Bankruptcies of Chrysler and General Motors: A Primer", SYRACUSE LAW REVIEW, 60, 531-582, 2010
  • "Should Mutual Funds Be Corporations? A Legal & Econometric Analysis", THE JOURNAL OF CORPORATION LAW, 33, 745-776, 2008

Media Placements

BDC sales tank in 2020 after product performs poorly , Investment News 2.3.21

New Paper Questions the Safety and Reward of Investing in Business Development Companies , SU News 2.2.21

Mutual Fund Borrowing Poses Risk to Investors , Harvard Law School Forum on Corporate Governance and Financial Regulation 1.6.20

Mutual Fund Borrowing Poses Risk to Millions of Investors , Yahoo! Finance 5.21.19