Felix Meschke

School of Business - Finance
Associate Professor
Primary office:
Capitol Federal Hall
Room 4106
University of Kansas

Academic Area


Joined the University of Kansas in 2010

Current Activities

Meschke teaches:


  • Investment Theory & Applications
  • Advanced Finance


  • Investment Theory
  • Investment Analysis

Before joining KU, he taught in the undergraduate, part-time MBA, and international executive MBA programs at the University of Minnesota. His academic work has examined corporate donations to political parties, information transmission between corporate insiders and sophisticated traders, the effect of media attention on stock prices, and the disappearance of portfolio pumping (the practice of buying additional shares of illiquid stocks to inflate performance at the end of reporting periods) among U.S. mutual funds. His article in the Journal of Financial Economics shows that the well-known inverse-U relationship between managerial stock ownership and firm is not an instance of cause and effect. In other work, Meschke has shown that employees who work for active founders rate their companies higher than employees in non-family firms, and that employee assessments predict firm performance. His research has garnered significant media attention, including articles in The Wall Street Journal, Time Business, Bloomberg BusinessWeek, Forbes and Huffington Post.


  • Ph.D. in Finance, Arizona State University
  • Diploma in Economics, Witten University, Germany


Meschke teaches Investment Theory & Applications at the undergraduate level and Investment Theory and Investment Analysis at the MBA level. Before joining KU, he taught in the undergraduate, part-time MBA, and international executive MBA programs at the University of Minnesota.

Teaching Interests

  • Investment Theory
  • Finance Case Studies


My research interests focus on empirical corporate finance, especially on managerial actions and institutional trading behavior. I study how the actions of self-interested managers, such as corporate executives or mutual fund managers, affect firm value. I also examine how governance mechanisms and securities regulation constrain managerial actions.

Research Interests

  • Corporate Finance
  • Corporate Governance
  • Mutual funds
  • International Finance

Selected Publications

Huang, M. Masli, A. Meschke, F. & Guthrie, J. P. (2017). Client Workplace Environment and Corporate Audits. Auditing: A Journal of Practice & Theory, 36(4), 89-113. DOI://doi.org/10.2308/ajpt-51691 aaajournals.org/doi/10.2308/ajpt-51691

Akbas, F. Meschke, F. & Wintoki, J. (2016). Director Networks and Informed Traders. Journal of Accounting and Economics, 62(1), 1-23. http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2378655

Huang, M. Li, P. Meschke, F. & Guthrie, J. P. (2015). Family firms, employee satisfaction, and corporate performance. Journal of Corporate Finance, 34, 108-127. http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2482003

Aggarwal, R. Meschke, F. & Wang, T. Y. (2012). Corporate Political Donations: Investment or Agency. Business and Politics, 14(1), Article 3. DOI://dx.doi.org/10.1515/1469-3569.1391 http://papers.ssrn.com/sol3/papers.cfm?abstract_id=972670 http://kuscholarworks.ku.edu/dspace/handle/1808/9251

Coles, J. L., Lemmon, M. L., & Meschke, F. (2012). Structural Models and Endogeneity in Corporate Finance: The Link Between Managerial Ownership and Corporate Performance. Journal of Financial Economics, 103(1), 149-168. DOI:http://hdl.handle.net/1808/8769 http://papers.ssrn.com/sol3/papers.cfm?abstract_id=423510 http://kuscholarworks.ku.edu/dspace/handle/1808/8769

Kelly, P. J., & Meschke, F. (2010). Sentiment and Stock Returns: The SAD Anomaly Revisited. Journal of Banking & Finance, 34(6), 1308-1326. DOI://dx.doi.org/10.1016/j.jbankfin.2009.11.027 http://papers.ssrn.com/sol3/papers.cfm?abstract_id=571144 http://hdl.handle.net/1808/8770

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