Paul H. Schultz
John W. and Maude Clarke Professor of Finance
Paul Schultz, who specializes in market microstructure and corporate finance, founded the Center for the Study of Financial Regulation at Notre Dame as an avenue for allowing academic research to inform real-life regulatory decisions, thereby bridging the gap between academia and the “real world.”
Schultz became widely recognized – as an authority in stock trading price collusion when he co-authored a landmark 1994 study that led to a nearly $1-billion class-action lawsuit against the NASDAQ stock exchange and to major changes in the rules governing share-trading on NASDAQ.
A firm supporter of capitalism and a critic of financial regulation, Schultz has been frequently called upon to speak on these topics in the recent years of the financial crisis. His expertise on recession and banking collapse has proved invaluable during the global economic struggles.
One of the University’s most prolific researchers in the area of mainstream finance, his current interests include the collapse of internet stock prices, arbitrage, the prices of dual class shares, and the ability of mutual funds to pick stocks.
The Clarke Professorship was funded through a trust of the late John Clarke, an investment banker and longtime member of the Mendoza College of Business Advisory Council. His wife, Maude, was the principal donor of Notre Dame’s Clarke Memorial Fountain.