Professor Taranto is interested in empirical finance. Areas of research include the underpricing of initial public offerings, and the effect of capital structure on the announcement effects of dividend initiation and secondary equity offerings. His research showing how insiders who have stock options can benefit from IPO underpricing won the Best Paper Award from the Conference on Entrepreneurial Finance and Business Ventures. Professor Taranto has taught at MIT's Sloan School of Management, at the Wharton School at the University of Pennsylvania, and at The University of Maryland where he was also the Academic Director of the Master of Finance Program. Prior to his doctoral studies, Professor Taranto was a Vice President in bond research departments on Wall Street.  He holds a BS in Mathematics from Villanova University, an MBA from Duke University, and PhD in Finance from the University of California at Berkeley.