Karen H. Wruck

Karen H. Wruck

Academic Affiliate

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Karen Wruck is Associate Dean for Graduate Programs, Dean’s Distinguished Professor and Professor of Finance at the Fisher College of Business. She conducts research and teaches in the fields of financial and organizational economics, specializing in corporate finance, restructuring, financial distress, corporate governance and management compensation.

She has published numerous articles in leading academic journals and developed highly successful courses for delivery to MBAs and executives. In addition, her work and opinions have been highlighted in business periodicals. Wruck is an associate editor of the Journal of Financial Economics, Journal of Corporate Finance, Journal of Financial Research and European Financial Management and she serves as an ad hoc referee for many other academic journals. She has been selected as the outstanding faculty member by students in the core of the full time MBA program and the executive MBA program at Ohio State. She has also received a faculty-selected award for exceptional contribution toward graduate student intellectual and cultural growth at Ohio State.

Wruck serves as an academic director of the Financial Management Association and the Turnaround Management Association. She has served as a consultant to major corporations and has worked on a number of high profile corporate litigation projects as an expert witness.

She holds an A.B. from Davidson College in Economics, and both an M.S. in Applied Economics and a Ph.D. in Finance and Accounting from the University of Rochester. Prior to her appointment at Ohio State’s Fisher College of Business, Wruck was an Associate Professor at the Harvard Business School.

Education

Ph.D., Finance, Accounting and Economics, University of Rochester, 1998
M.S., Applied Economics, University of Rochester, 1985

Areas of expertise

Recent news, presentations, and publications

Wruck, Karen H. and Yilin Wu, 2008, Relationships, Corporate Governance, and Performance: Evidence from Private Placements of Common Stock, forthcoming Journal of Corporate Finance. Available at SSRN.

Wruck, Karen H., 2008, Private Equity, Corporate Governance and the Reinvention of the Market for Corporate Control, Journal of Applied Corporate Finance, Vol. 20, No. 33, pp. 8-21, based on an original presentation, given at the American Enterprise Institute, Conference on The History, Impact and Future of Private Equity: Ownership, Governance and Firm Performance, November 27, 2007, Washington D.C.

Wruck, Eric G. and Karen H. Wruck, 2002, Restructuring Top Management: Evidence from Corporate Spinoffs, Journal of Labor Economics 20, S176-S218.

DeAngelo, Harry, Linda DeAngelo and Karen H. Wruck, 2002, Asset Liquidity, Debt Covenants and Managerial Discretion in Financial Distress: The Collapse of L.A. Gear, Journal of Financial Economics, 64, 3-34.

Wruck, Karen Hopper, 2000, Compensation, Incentives and Organizational Change: Ideas and Evidence from Theory and Practice, Breaking the Code of Change, Michael Beer and Nitin Nohria, eds., Harvard Business School Press, Boston.

Dyck, I.J. Alexander and Karen H. Wruck, 1998, The Government as Venture Capitalist, Organizational Structure and Contract Design in Germany’s Privatization Process, European Financial Management.

See CV for more publications…