Ken Kavajecz

Associate Dean of Masters Programs

Associate Professor of Finance

Kenneth A. Kavajecz is the Associate Dean for Masters Programs as well as an Associate Professor of Finance at the University of Wisconsin – Madison School of Business.Prior to joining the faculty in 2003, he was an Assistant Professor of Finance in the Wharton School at the University of Pennsylvania for seven years.

He holds a Bachelors degree in Economics from the University of Wisconsin - Madison and a Doctorate in Finance from the Kellogg School of Management at Northwestern University.His research focuses on the structure and liquidity of financial markets.Representative publications include “A Specialist’s Quoted Depth and the Limit Order Book” and “Price Discovery in the U.S. Treasury Market:The Impact of Order Flow and Liquidity on the Yield Curve” both published in the Journal of Finance. “Technical Analysis and Liquidity Provision” published in the Review of Financial Studies and “Eighths, Sixteenths and Market Depth: Changes in Tick Size and Liquidity Provision on the NYSE” published in the Journal of Financial Economics.

He was a member of the Nasdaq Economic Advisory Board from 2002 to 2004 and the chairman of the Board in 2004.His academic awards include the 2000 Financial Management Association’s best micro-structure paper for “Liquidity Provision during Circuit Breakers and Extreme Market Movements” and was nominated for the 2005 Smith Breeden Prize for the Best Paper in the Journal of Finance for “Price Discoveryin the U.S. Treasury Market:The Impact of Order Flow and Liquidity on the Yield Curve.”In addition, he has received a number of teaching awards such as the MBA teaching award at the Wharton School in 2003, the David W. Hauck Award for Outstanding Undergraduate Teaching at the Wharton School in 1998 and the Doctoral Teaching Award at Northwestern University in 1996.