Charles Favreau

Assistant Professor of Finance
Palumbo Donahue School of Business
Finance

930 Rockwell Hall
Phone: 412.396.6257
favreauc@duq.edu

Education:


Biography

Charles Favreau joined the Department of Economics and Finance Fall 2017 as an Assistant Professor. He earned his PhD in Finance from the University of Arizona in 2017 and his Masters in Finance from the University of South Florida in 2012. Prior to graduate school, Favreau worked as a Senior Project Manager for Liberty Building Forensics Group and went onto to start his own consulting firm, Delphi Building Science, after becoming a Certified General Contractor.

Favreau's research interests include investments and the determinants of household investment decisions. His research, "Do Peer Effects Influence Portfolio Choice? Evidence from 401(k) Allocations," investigates employees' allocation of 401(k) assets to employer stock. Since the collapse of Enron and Worldcom, concerns regarding the investment in company stock have been expressed by researchers, financial advisers, and legislators. Despite the near universal admonishment, employees continue to make this investment. Charles finds that employees invest more in company stock when management at the firm invest more - a finding which implies that policies involving education alone may fall short at preventing this investment. This research was presented at Financial Management Association's annual conference in Boston and Southern Finance Association's conference in Key West in Fall 2017.

Education
B.A., University of Central Florida
M.S., University of South Florida
Ph.D., University of Arizona

Publications

Articles in Journals

Favreau, C., Kane, H. & Shelton, A., (2020) "The (Under) Performance of Hedge Fund ETFs." The Journal of Alternative Investments 22, no. 4: 120-43.

Favreau, C., & Garvey, R., (2020)  "What Causes the Disposition Effect? Evidence from Corporate Insiders." Journal of Behavioral Finance 0, no. 0: 1-12. 

Favreau, C., & Garvey, R. (in press, 2019). An Examination of Cross-Market Arbitrage. Journal of Applied Business and Economics, 21 (3).

Paper Presentations

Favreau, C. & Garvey, R. (2019). Locked and Crossed Quotations in Modern U.S. Equity Markets. Financial Management Association, New Orleans, Louisiana.

Favreau, C. (2017). Do Peer Effects Influence Portfolio Choice? Evidence from 401(K) Allocations. Financial Management Association Conference, Boston, Massachusetts.

Favreau, C. (2017). Do Peer Effects Influence Portfolio Choice? Evidence from 401(k) Allocations. Southern Finance Association, Key West, Florida.