PhD Program

Dissertation Areas
Proposals and Defenses

Finance

The finance program is concerned with such areas as (1) the behavior and determinants of security prices, including stocks, bonds, options, and futures; (2) the financing and investment decisions of firms; (3) corporate governance; and (4) the management and regulation of financial institutions. Students take courses from both Chicago Booth and the university's Department of Economics as part of their training.

The finance program also offers the Joint Program in Financial Economics which is run jointly by Chicago Booth and the Department of Economics in the Division of the Social Sciences at the University of Chicago.

For details on the specifics of finance as a dissertation area, see General Examination Requirements - By Area in the PhD Program Guidebook (PDF).

To learn more about the research being done by current PhD students, please view a listing of proposals and defenses across dissertation areas.

For finance faculty, please access our faculty directory to sort by academic area.

RECENT FINANCE GRADUATE EMPLOYMENT

Academic Employment (Listed by Year of Employment)

2012

  • Marianne Andries
    Assistant Professor
    Toulouse School of Economics
  • Jaroslav Borovicka
    Assistant Professor
    Department of Economics
    New York University
  • Valentin Haddad
    Assistant Professor of Economics
    Princeton University

2011

  • Michael Gofman
    Assistant Professor of Finance
    Wisconsin School of Business
    University of Wisconsin-Madison
  • Revansiddha Khanapure
    Assistant Professor of Finance
    University of Delaware
  • Mathias Kronlund
    Lecturer of Finance
    College of Business
    University of Illinois at Urbana-Champaign
  • Yian Liu
    Assistant Professor of Finance
    Cox School of Business
    Southern Methodist University
  • Asaf Manela
    Assistant Professor of Finance
    Olin Business School
    Washington University in St. Louis
  • Alan Moreira
    Assistant Professor of Finance
    Yale School of Management
    Yale University

2010

  • Wesley Gray
    Assistant Professor of Finance
    LeBow College of Business
    Drexel University
  • Christopher Hrdlicka
    Assistant Professor of Finance
    Foster School of Business
    University of Washington
  • Roni Kisin
    Assistant Professor of Finance
    Olin Business School
    Washington University in St. Louis
  • Christian Opp
    Assistant Professor of Finance
    The Wharton School
    University of Pennsylvania
  • Shastri Sandy
    Assistant Professor
    Trulaske College of Business
    University of Missouri
  • Alexi Savov
    Assistant Professor of Finance
    Stern School of Business
    New York University

2009

  • Maxim Mironov
    Assistant Professor
    Instituta de Empresa Business School
    "Economics of Spacemen: Tax Evasion, Stealing, Corporate Governance and Capital Structure Evidence from Russia"
  • David Solomon
    Assistant Professor of Finance
    Marshall School of Business
    University of Southern California
    "Selective Publicity and Stock Prices"

2008

  • Itzhak Ben-David
    Assistant Professor of Finance
    Fisher College of Business
    The Ohio State University
    "Essays in Corporate Finance"
  • Philip Maymin
    Assistant Professor of Finance and Risk Engineering
    Polytechnic Institute of New York University
    "Self-Imposed Limits to Arbitrage"
  • Marcus Opp
    Assistant Professor of Finance
    Haas School of Business
    University of California, Berkeley
    "Expropriation Risk and Technology"
  • Luke Taylor
    Assistant Professor of Finance
    The Wharton School
    The University of Pennsylvania
    "Why Are CEOs Rarely Fired? Evidence from Structural Estimation"

2007

  • Hui Chen
    Assistant Professor of Finance
    Sloan School of Management
    Massachusetts Institute of Technology
    "Macroeconomic Conditions, Credit Risk and Corporate Financing Decisions"
  • Arthur Korteweg
    Assistant Professor of Finance
    Graduate School of Business
    Stanford University
    "The Costs of Financial Distress across Industries"
  • Nick Roussanov
    Assistant Professor of Finance
    The Wharton School
    The University of Pennsylvania
    "Diversification and its Discontents: Idiosyncratic and Entrepreneurial Risk in the Quest for Social Status"
  • Jin Xu
    Assistant Professor of Finance
    Krannert School of Management
    Purdue University
    "What Determines Capital Structure: Evidence from Import Competition"

2006

  • Lars Ola Bengtsson
    Assistant Professor of Finance
    Johnson Graduate School of Management
    Cornell University
    "Repeated Relationships between Venture Capitalists and Entrepreneurs"
  • Vito Gala
    Assistant Professor of Finance
    London Business School
    "Investments and Returns"
  • Lukasz Pomorski
    Assistant Professor of Finance
    Rotman School of Management
    University of Toronto
    "Follow the Leader: Peer Effects in Mutual Fund Portfolio Decisions"
  • Berk Sensoy
    Assistant Professor of Finance and Business
    Marshall School of Business
    University of Southern California
    "Agency, Incentives and Self-Designated Mutual Fund Benchmarks"

2005

  • Efraim Benmelech
    Assistant Professor Department of Economics
    Harvard University
    "Essays on Debt Maturity"
  • Huafeng Jason Chen
    Assistant Professor of Finance
    University of British Columbia
    "Firm Life Expectancy and the Heterogeneity of the Book-to-Market Effect"
  • Lauren Cohen
    Assistant Professor of Finance
    School of Management
    Yale University
    "Loyalty Based Portfolio Choice"
  • Michal Pakos
    Assistant Professor of Finance
    Tepper School of Business
    Carnegie Mellon University
    "Asset Pricing with Durable Goods and Non-Homothetic Preferences"
  • Krishnamurthy Subramanian
    Assistant Professor of Finance
    Goizueta Business School
    Emory University
    "Capabilities of Firms, Markets and Hybrids: Theory and Evidence"
  • Frank (Fang) Yu
    Senior Lecturer, Finance Department
    Carlson School of Management
    University of Minnesota
    "Analyst Coverage and Earnings Management"

Nonacademic Employment (Listed by Year of Employment)

2013

  • Ramanadh Chivukula
    Investment Banking Associate
    JP Morgan
  • Teresa Lwin
    Senior Associate
    ValueScope
  • Andrius Staisiunas
    Senior Research Associate, Quantitative Equities
    Millenium Management LLC

2012

  • Jhe Yun
    Associate
    Quantitative Research
    AlphaWorks Capital Management, LLC

2011

  • Nina Boyarchenko
    Economist
    Capital Markets Function
    Federal Reserve Bank of New York
  • Savina Rizova
    Research Associate
    Dimensional Fund Advisors

2010

  • Denis Chaves
    Senior Researcher
    Research Affiliates

2008

  • Raife Giovinazzo
    Research Associate
    Barclays Global Investors
    "Asset-Intensity"
  • Mark Klebanov
    Associate
    Ziff Brothers Investments
    "Betas, Characteristics and the Cross-Section of Hedge Fund Returns"
  • Marlena Lee
    Research Associate
    Dimensional Fund Advisors
    "Essays on Household Behavior"
  • Per Axelson
    Senior Associate
    CRA International, Boston
    "Contract Enforcement and Organizational Form: A Study of Ownership Structures in a Multinational Firm 1982-2004"

2007

  • Tony Tang
    Research Associate
    Barclays Global Investors
    "Essays on Credit Ratings"

2005

  • Stephanie Curcuru
    Economist
    Federal Reserve Board of Governors, Washington, D.C.
    "Consumption and Portfolio Implications of Senior Home Mortgages"
  • David Greenberg
    Economist
    Federal Reserve Bank of Boston
    "Industry Equilibrium Effects of Credit Market Frictions"
  • Josh Schaeffer
    Manager
    Deloitte Financial Advisory Services, New York, NY
    "A Link between IPO Underpricing and Long-Term Performance"

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