Amit Seru

Amit Seru
Professor, Finance
Contact Info
AmitSeru
Professor of Finance
Senior Fellow, Hoover Institution
Senior Fellow, Stanford Institute for Economic Policy Research
Academic Area: 
Finance

Research Interests

  • Financial Intermediation and Regulation
  • Resource Allocation and Internal Organization of Firms
  • Performance Evaluations and Incentives

Bio

​Amit Seru is a Professor of Finance at the Stanford Graduate School of Business, a Senior Fellow at the Hoover Institution and Stanford Institute for Economic Policy Research (SIEPR), and a Research Associate at the National Bureau of Economic Research (NBER). He formerly taught at the University of Chicago’s Booth School of Business.

Professor Seru’s primary research interest is in corporate finance. He is interested in issues related to financial intermediation and regulation, interaction of internal organization of firms with financing and investment, and incentive provision in firms. His papers in these areas have been published in several journals, including, the American Economic Review, the Quarterly Journal of Economics, the Journal of Political Economy, the Journal of Finance, the Journal of Financial Economics, the Journal and the Review of Financial Studies. He is a Co-Editor of the Journal of Finance and an Associate Editor of the Journal of Political Economy. His research has been featured in major media, including the Wall Street Journal, the New York Times, the Financial Times and the Economist.

Seru earned a bachelor’s degree in electronics and communication and an MBA from the University of Delhi. Subsequently, he received a PhD in finance from the University of Michigan before joining the University of Chicago. He was a senior consultant at Accenture before pursuing his Ph.D. Seru was the recipient of a Rackham Pre-Doctoral Fellowship at University of Michigan and received a Lt. Governor’s gold medal for overall academic excellence at the University of Delhi.

Publications

Journal Articles

Leonid Kogan, Dimitris Papanikolaou, Amit Seru, Noah Stoffman. The Quarterly Journal of Economics ( forthcoming ). November 2016, Vol. 131, Issue 4.
Umit G. Gurun, Gregor Matvos, Amit Seru. Journal of Finance. October 2016, Vol. 71, Issue 5, Pages 2371-2416.
Erik Hurst, Benjamin Keys, Amit Seru, Joseph Vavra. American Economic Review . October 2016, Vol. 106, Issue 10, Pages 2982-3028.
Sumit Agarwal, gene Amromin, Itzhak Ben-David, Souphala Chomsisengphat, Tomasz Piskorski, Amit Seru. Journal of Political Economy (forthcoming). August 2016.
Tomasz Piskorski, James Witkin, Amit Seru. Journal of Finance. December 2015, Vol. 70, Issue 6, Pages 2635-2678.
Joao Granja, Gregor Matvos, Amit Seru. Journal of Finance (forthcoming). April 10, 2015.
Uday Rajan, VIkrant iog, Amit Seru. Journal of Financial Economics. February 2015, Vol. 1115, Issue 2.
Amit Seru, Sumit Agarwal, David Lucca, Francesco Trebbi. Quarterly Journal of Economics. March 7, 2014, Vol. 129, Issue 2, Pages 889-938.
Amit Seru, Gregor Matvos. The Review of Financial Studies. February 7, 2014, Vol. 27, Issue 4, Pages 1143-1189.

Other Publications

Amit Seru, David Lucca. Staff Report- Federal Reserve Bank of New York. New York: June 2014, Vol. 678.

Working Papers

The Market for Financial Adviser Misconduct
Mark Egan, Gregor Matvos, Amit Seru, March 12016
Mortgage Refinancing, Consumer Spending, and Competition: Evidence from the Home Affordable Refinancing Program
Sumit Agarwal, Gene Amromin, Souphala Chomsisengphet, Tomasz Piskorski, Amit Seru, Vincent W. Yao, October 2015
Mortgage Rates, Household Balance Sheets, and the Real Economy
Benjamin J. Keys, Tomasz Piskorski, Amit Seru, Vincent W. Yao, September 302014

Teaching

Degree Courses

2016-17

The focus of this course is to apply the fundamental ideas and tools of corporate finance to real-world investment and financing decisions. This course is designed to be the second course in a standard finance sequence; that is, it is designed to...

In the Media

The Wall Street Journal, April 22, 2016
Financial Times, March 30, 2016
Bloomberg Gadfly, March 8, 2016
Bloomberg View, March 2, 2016
Financial Times, March 1, 2016
The Wall Street Journal , February 29, 2016

Insights by Stanford Business

April 13, 2017
Nearly a decade after the junk-mortgage crash, tech-savvy and lightly regulated lenders are thriving.
March 30, 2017
Male investment advisers commit misconduct at a much higher rate than women do, but women are more likely to get fired.
January 23, 2017
An analysis of 85 years’ worth of patents shows that technological innovation boosts total wealth.

School News

November 2, 2016
This fall, the Stanford Graduate School of Business welcomed six new professors — including the 2016 winner of the prestigious John Bates Clark award, Yuliy Sannikov — and 11 lecturers.