Faculty and Research
The Program for Financial Studies supports research in all areas of asset pricing, corporate finance, and financial institutions. The program encourages the creation, translation, and dissemination of research from cross-disciplinary faculty members by coordinating access to computing and data resources; providing research support and assistance; sponsoring membership to professional organizations; overseeing fellowships and grants; and facilitating the integration of research into the MBA curriculum. Interaction between students, program faculty, and the external community provides valuable insights that enable the program to support research activities that are relevant to academia, policy and regulatory authorities, and the financial industry.
The table that follows presents a snapshot relating affiliated faculty members’ research interests to the program’s bridging of theory and practice: the theory is captured by academic tracks (the rows), while the practice is captured by career functions (the columns).
Faculty Research Interests
| Asset Management | Investment Banking and Corporate Finance | Sales, Trading and Research | Financial Consulting | Risk Management | |
| Asset Pricing |
Factor Risk – Andrew Ang (Academic Board) Credit Markets – Pierre Collin-Dufresne Behavioral Finance – Kent Daniel Commodity Markets – Lars Lochstoer |
International Finance – Robert Hodrick (Academic Board) Empirical Asset Pricing – Geert Bekaert International Finance – Shang-Jin Wei |
Short Sales – |
Debt Valuation – M. Suresh Sundaresan (Academic Board) Accounting Measurements & Asset Pricing – Gil Sadka Decision-Making Under Uncertainty – Elke Weber |
Quantitative Methods – Mark N. Broadie (Academic Board) Risk Management, Derivatives – Paul Glasserman (Research Director) Price Discovery – Paul Tetlock |
| Corporate Finance |
Global Valuation & Accounting – Trevor Harris Accounting & Valuation – Stephen Penman Taxes – Pierre Yared Accounting & Equity Valuation – Julian Yeo |
Corporate Uses of Cash – Laurie Simon Hodrick (Founding Director) Buyouts & Restructuring – Enrique Arzac M&A Transactions – Donna Hitscherich Valuation & Accounting – Sharon Katz |
Corporate Governance – Moshe Cohen Household Financial Decisions – Andrew Hertzberg Price Setting – Emi Nakamura |
Development Finance – Emily Breza Institutional Investors – Wei Jiang Incentives and Organizations – Andrea Prat Family Firms – Daniel Wolfenzon |
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| Financial Institutions |
Housing & Credit Markets – Christopher Mayer Real Estate Finance – Tomasz Piskorski Financial Institutions – Tano Santos Economics of Hedge Funds – Neng Wang |
Restructuring – Patrick Bolton Financial Reporting – Urooj Khan International Trade – Amit Khandelwal Empirical Macro and Finance – Mauricio Larrain Private Equity Finance – Morten Sorensen |
Political Economy of Finance – Ray Fisman High Frequency Trading – Ciamac Moallemi Pricing Uncertainty – Maxim Ulrich The Market Value of Social Security – Stephen Zeldes |
Financial Economics – Charles Calomiris (Curriculum Director) Behavioral Personal Finance – Stephan Meier Peer-to-Peer Lending – Enrichetta Ravina People and Performance – David Ross Career Management – Nachum Sicherman |
Bank Liquidity Management – Saki Bigio Capital Market Regulation – Lawrence Glosten High Frequency Trading – Costis Maglaras Financial Networks – Alireza Tahbaz-Salehi High Frequency Trading – Jialin Yu
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