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Finance

Finance is an applied branch of economics that studies the ways in which individuals, business entities, and other organizations allocate resources over time and make decisions in the presence of uncertainty.

The faculty in the finance area have wide-ranging expertise in all major areas of finance, including:

  • Asset pricing, or how security prices and interest rates are determined in the market.
  • Corporate finance, or how corporations raise capital and make investment decisions.

The faculty strive to produce a broad range of finance-related research that addresses topics of interest to academic researchers, practitioners, and policymakers. We communicate that research both through publication in scientific journals, and through the development of relevant and rigorous MBA and Executive Education programs. We also train and mentor future finance scholars through our PhD Program, which is regarded as one of the top finance doctoral programs worldwide.

Recent Journal Articles in Finance

Sizing Up Repo

Aggregate Investment and Investor Sentiment

Investment Busts, Reputation, and the Temptation to Blend in with the Crowd

CEO Preferences and Acquisitions

CEO Turnover and Relative Performance Evaluation

Does Going Public Affect Innovation?

Efficient Credit Policies in a Housing Debt Crisis

Limited Capital Market Participation and Human Capital Risk

Option Exercise Games: An Application to the Equilibrium Investment Strategies of Firms

Shell Games: The Long Term Performance of Chinese Reverse Merger Firms

The Boats That Did Not Sail: Asset Price Volatility in a Natural Experiment

The Compelling Case for Stronger and More Effective Leverage Regulation in Banking

Those who know most: Insider trading in 18th c. Amsterdam

Financial Regulation Reform: Politics, Implementation and Alternatives

Risk Management and Firm Value: Evidence from Weather Derivatives