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)

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"