Carmen Cotei

Carmen Cotei headshot

Interim Dean and Professor of Finance

Dean's Office for Barney

Barney School of Business
860.768.5992 Auerbach Hall 306A

PhD Financial Economics, University of New Orleans

BS Finance, Bucharest University of Economic Studies

Dr. Carmen Cotei joined the Barney School of Business at the University of Hartford in 2004 as an assistant professor of finance. She was tenured and promoted to associate professor, and subsequently to professor.

Effective and innovative faculty leader with over a decade of upward trajectory of leadership roles ranging from program director, department chair, to associate dean in a business school setting. In these roles, Carmen oversaw new programs launch, curriculum design, the AACSB continuous improvement process and strategic planning. In addition, she was responsible for college budget planning and finance operations, strategic resource allocation, curriculum innovation and faculty development.  In collaboration with the dean, she has worked on developing external partnerships to increase the number of experiential projects with corporate partners as well as internships and full-time jobs for Barney students.

Committed to leadership development, Carmen participated in the 2021-2022 HERS Leadership Institute for Women in Higher Education and the 2023 Fundraising for the Future Program sponsored by the Women in Business Education Network.

Professor Cotei earned a bachelor’s degree in finance from Bucharest University of Economic Studies and a PhD in financial economics from the University of New Orleans. In her faculty role, she received many awards from the Barney School of Business such as the Exemplary Faculty Award (2022), Excellence in Service Award (2018 and 2010), and Excellence in Teaching Award (2008 and 2015).  In 2017, the Kauffman Foundation awarded her the best paper award for her work on the M&A exit strategies for U.S. startup firms.

Corporate Finance, Financial Markets and Institutions

  • FIN 310 Business Finance
  • FIN 324 Money and Banking
  • FIN 420 Intermediate Finance
  • FIN 604 Corporate Financial Strategy and Valuation
  • FIN 662 Financial Institutions and Markets
  • FIN 668 Mergers and Acquisitions
  • Initial Public Offerings
  • Capital Structure Decisions
  • Small Business Financing
  • Exit Strategies

Cotei, C., Farhat, J., & Khurana, I. (2022). The Impact of Policy Uncertainty on the M&A Exit of Startup Firms. Journal of Economics and Finance.

Cotei, C., & Goldstein, K. (2021). The Pace for InsurTech is Thriving: Opportunities Exist to Maximize Success for Startup Acceleration in Hartford, CT. Plus - Professional Liability Underwriting Society, July 2021

Cotei, C., & Farhat, J. (2020). The M&A exit outcome of high-tech startups. Multinational Finance Journal.

Cotei, C., & Farhat, J. (2018). The M&A exit outcomes of new, young businesses. Small Business Economics.

Cotei, C., & Farhat, J. (2017). The Leasing Decisions of Startup Firms. Review of Pacific Basin Financial Markets and Policies.

Cotei, C., & Farhat, J. (2017, March). Inc. Magazine "Life Cycle".

Cotei, C., & Farhat, J. (2017). The evolution of financing structure in U.S. startups. Journal of Entrepreneurial Finance, 19(1).

Coleman, S., Cotei, C., & Farhat, J. (2016). The debt-equity financing decisions of U.S. startup firms. Journal of Economics and Finance.

Coleman, S., Cotei, C., & Farhat, J. (2014, October). Inc. Magazine: "The New Startup Math".  Inc. Magazine.

Cotei, C., & Farhat, J. (2013). Does Legal System Affect the Information Content of Earnings Surprises? Evidence from the International Equity Markets. Financial Decisions.

Coleman, S., Cotei, C., & Farhat, J. (2013). A Resource-Based View of New Firm Survival: New Perspectives on the Role of Industry and Exit Route. Journal of Developmental Entrepreneurship, 18(1).

Cotei, C., & Farhat, J. (2013). Informational Externalities of IPOs: Does Venture capital Backing Matter? Journal of Economics and Finance, 37(1), 80–99.

Cotei, C., Farhat, J., & Miranda, M. (2012). The information and wealth effects of earnings surprises in the US insurance industry. Journal of Insurance Issues, 35(2).

Cotei, C., & Farhat, J. (2011). An application of the two-stage Bivariate Probit-Tobit model to corporate financing decisions. Review of Quantitative Finance and Accounting, 37(3).

Cotei, C., Farhat, J., & Abugri, B. (2011). Testing trade-off and pecking order models of capital structure: Does legal system matter? Managerial Finance, 37(8).

Cotei, C., & Farhat, J. (2011). Chapter 5: Worldwide Patterns in Capital Structure, in "Capital Structure & Corporate Financing Decisions: Theory, Evidence, and Practice". Wiley and Sons.

Cotei, C. Informational Externalities of Bank Initial Public Offerings. Journal of Business and Economic Studies.

Cotei, C., & Farhat, J. (2009). The trade-off theory and the pecking order theory: Are they mutually exclusive? North American Journal of Finance and Banking Research, 3(3).

Cotei, C., Farhat, J., & Abugri, B. (2009). Market efficiency in emerging markets: Does the legal system matter? Global Journal of Finance and Economics, 6(2).

Cotei, C., & Farhat, J. (2008). Testing Capital Structure Theories: Are the Models’ Assumptions Correctly specified? European Journal of Economics, Finance and Administrative Sciences, (11), 22–30.

Mukherjee, T. K., Farhat, J. B., & Cotei, C. (2006). Factors Explaining the Results of Job Search by the 2002 FMA Job Applicants-A Survey. Journal of Financial Education, 1–20.