William and Cassie Daley Professor of Finance
Stock prices rise and fall. Sometimes the reasons for this are clear, but often they are not fully understood. Longtime Notre Dame professor and finance department chair Rick Mendenhall attempts to understand the subtleties associated with how certain events affect stock prices. To that end, he has investigated the impact that public information—such as earnings announcements, analyst forecast revisions, and S&P Index additions—has on stock prices.
The Daley Professorship was a gift of William Daley, a charter member of the Notre Dame Board of Trustees, and his wife, Cassie. A Cleveland, Ohio, investment banker, William practiced law at Otis & Co. Investments from 1928 until his death in 1971.