Timothy James McQuade

Timothy James McQuade
Assistant Professor, Finance
Contact Info
R. Michael Shanahan Faculty Scholar for 2019-2020
Academic Area: 

Research Statement

Professor McQuade conducts research at the intersection of asset pricing and corporate finance. His current work examines how the strategic responses of firms to time-varying uncertainty impact asset prices. He also has studied the role of foreclosures in exacerbating housing downturns and optimal housing policy.


Timothy McQuade is an Assistant Professor of Finance at the Stanford Graduate School of Business. He received a PhD degree in Economics from Harvard University in May 2013 and joined the GSB in August 2013. Prior to attending Harvard, Professor McQuade worked at UBS Investment Bank and graduated summa cum laude with a Bachelor’s degree in Mathematics and Economics from the University of Michigan. 

Awards and Honors

  • Louise and Claude N. Rosenberg Jr. Faculty Scholar, 2018-2019
  • Louise and Claude N. Rosenberg Jr. Faculty Scholar, 2017-2018
  • Philip F. Maritz Faculty Scholar, 2015-2016


Journal Articles

Arvind Krishnamurthy, Timothy James McQuade, Adam Guren. Journal of Finance. 2020, Vol. Forthcoming.
Rebecca Diamond, Timothy James McQuade, Franklin Qian. American Economic Review. September 2019, Vol. 109, Issue 9, Pages 3365-3394.
Rebecca Diamond, Timothy James McQuade. Journal of Political Economy. June 2019, Vol. 127, Issue 3, Pages 1063-1117.
Shai Bernstein, Timothy James McQuade, Richard Townsend. Journal of Finance (forthcoming). 2019.
Timothy James McQuade, Stephen W. Salant, Jason Winfree. Journal of International Economics. May 2016, Vol. 100, Pages 112–119.

Working Papers

The Contribution of High-Skilled Immigrants to Innovation in the United States | PDF
Shai Bernstein, Rebecca Diamond, Timothy James McQuade, Beatriz Pousada, November 62018
Who Creates New Firms when Local Opportunities Arise? | PDF
Shai Bernstein, Emanuele Colonnelli, Davide Malacrino, Timothy James McQuade, June 192018
Take-Up, Drop-Out, and Spending in ACA Marketplaces | PDF
Rebecca Diamond, Michael J. Dickstein, Timothy James McQuade, Petra Persson, June 42018
Mortgage Design in an Equilibrium Model of the Housing Market | PDF
Adam M. Guren, Arvind Krishnamurthy, Timothy James McQuade, March 202017


Degree Courses


This course covers the foundations of finance with an emphasis on applications that are vital for corporate managers. We will discuss many of the major financial decisions made by corporate managers, both within the firm and in their interactions...

Insights by Stanford Business

June 20, 2018
Too many people are strategically dropping their health insurance after getting the care they need.
February 7, 2018
When the economy stumbles, so too does an employee’s interest in thinking outside the box.
February 2, 2018
With rents going through the roof in hot cities, the hunt is on for a better way to protect tenants from being priced out of their homes.
August 1, 2016
Regulating quality standards for “untraceable goods” benefits consumers and producers alike.
September 15, 2015
Research shows these buildings impact home prices and diversity.

School News

June 20, 2019
Stanford GSB students recognized Professors Timothy McQuade, Jesper Sørensen, and David Kreps for their outstanding teaching.