Amit Seru

Amit Seru
Professor, Finance
Contact Info
Senior Fellow, Hoover Institution
Senior Fellow, Stanford Institute for Economic Policy Research
R. Michael and Mary Shanahan Faculty Fellow for 2018-2019
Academic Area: 

Research Interests

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


Amit Seru is the Steven and Roberta Denning 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 was formerly a faculty member 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, 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. He was previously Editor of Review of Corporate Finance Studies and a Department Editor (Finance) of Management Science. 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 B.E. 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. 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.

Academic Degrees

  • PhD, Finance, University of Michigan, 2007
  • MBA, University of Delhi, 1998
  • B. E (Electronics & Communication), University of Delhi, 1996

Academic Appointments

  • Professor of Finance, Stanford GSB, 2016-present
  • Denis and Karen Chookaszian Professor of Finance, University of Chicago, Booth School of Business, 2015-2016
  • Professor of Finance, University of Chicago, Booth School of Business, 2013-2014
  • Associate Professor of Finance, University of Chicago, Booth School of Business, 2011-2012
  • Assistant Professor of Finance, University of Chicago, Booth School of Business, 2007-2010

Awards and Honors

  • R. Michael and Mary Shanahan Faculty Fellow, Stanford GSB, 2018-2019
  • MBA Distinguished Teaching Award, Stanford GSB, 2018
  • National Science Foundation Award, 2016
  • Rising Star in Finance Award, 2016
  • Hillel J. Einhorn Excellence in Teaching, University of Chicago GSB, 2016
  • Journal of Financial Economics Paper Prize in Corporate Finance (First Prize), 2015
  • Emory Williams Annual (School wide) Teaching Award, 2015
  • IMF Generation Next Award, 2014
  • AER Excellence in Refereeing, 2014
  • QJE Excellence in Refereeing, 2014
  • AQR Insight Award, 2014
  • Crowell Memorial Prize, Panagora Asset Management, 2014
  • Finalist, MacArthur Foundation Grant, 2014
  • Best paper, Red Rock Conference, 2012
  • Chookaszian Endowed Risk Management Prize, 2011
  • Best paper awards at European Finance Association, CAF Research Conference, NSIM Conference and Mistsui Research Conference, 2008
  • BSI Research Award, 2008


Journal Articles

Gregor Matvos, Amit Seru, Rui Silva. Journal of Financial Economics. January 2018, Vol. 127, Issue 1, Pages 21-50.
Greg Buchak, Gregor Matvos, Tomasz Piskorski, Amit Seru. Journal of Financial Economics (forthcoming). 2018.
Mark Egan, Gregory Matvos, Amit Seru. Journal of Political Economy (forthcoming). 2018.
Marco Di Maggio, Benjamin Keys, Tomasz Piskorski, Rodney Ramcharan, Amir Kermani, Amit Seru, Vincent Yao. American Economic Review. November 2017, Vol. 107, Issue 11, Pages 3350-3388.
João Granja, Gregor Matvos, Amit Seru. The Journal of Finance. August 2017, Vol. 72, Issue 4, Pages 1723-1784.
Sumit Agarwal, gene Amromin, Itzhak Ben-David, Souphala Chomsisengphat, Tomasz Piskorski, Amit Seru. Journal of Political Economy. June 2017, Vol. 125, Issue 3, Pages 654-712.
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.
Tomasz Piskorski, James Witkin, Amit Seru. Journal of Finance. December 2015, Vol. 70, Issue 6, Pages 2635-2678.
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

Tomasz Piskorski, Amit Seru. Brookings Papers on Economic Activity. 2018.
Amit Seru, David Lucca. Staff Report- Federal Reserve Bank of New York. New York: June 2014, Vol. 678.

Working Papers

When Harry Fired Sally: The Double Standard in Punishing Misconduct | PDF
Mark L. Egan, Gregor Matvos, Amit Seru, March 2017
Information, Credit and Organizations | PDF
Jose Maria Liberti, Amit Seru, Vikrant Vig2017
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
Financing Labor | PDF
Amit Seru, Efraim Benmelech, Nittai Bergman, May 2015
Mortgage Rates, Household Balance Sheets, and the Real Economy
Benjamin J. Keys, Tomasz Piskorski, Amit Seru, Vincent W. Yao, September 302014


Degree Courses


This course discusses empirical aspects of major topics in corporate finance, household and consumer finance, housing, banking, financial regulation as well as political economy. The course is designed for students doing their PhD in finance,...


As entrepreneurs, global leaders, and change agents tasked with developing transformative solutions of tomorrow, you will need certain skills and tools to interact with and navigate the complex and ever-changing financial landscape. This course...

(Same as FINANCE 207) As entrepreneurs, global leaders, and change agents tasked with developing transformative solutions of tomorrow, you will need certain skills and tools to interact with and navigate the complex and ever-changing financial...

This class is devoted to recent developments in the empirical corporate finance literature. Topics include: financial contracting, liquidation and renegotiation, taxation and capital structure, the role of labor markets, leveraged buyouts,...


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

Bloomberg, March 14, 2017
Biz Journal - Biz Women, March 14, 2017
Barron's , March 13, 2017
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

December 8, 2017
A new big data analysis spanning 200 years of patents shows that innovation bursts in the 1800s had greater social impact.
October 16, 2017
Obama’s 2009 mortgage-modification program would have helped 70% more homeowners if lenders had been better organized.
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

June 20, 2018
With the Corporations and Society Initiative, Anat Admati hopes to make Stanford GSB a better citizen of the world.
June 15, 2018
Students in the MBA, PhD, and MSx programs honored Professors Amit Seru, Peter Reiss, and Anne Beyer, respectively, for their teaching and service.
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.