Finance Faculty Research | Weatherhead

The MSM-Finance program is led by the same world-class faculty who teach in our highly regarded undergraduate finance program (ranked first in the U.S. by Businessweek in 2010 and 2012, before such ranking was discontinued). In addition to being top teachers, they are also at the cutting edge of financial research

CNV Krishnan  (Chair)

  • Krishnan, C., Davidoff, S., Thomas, R. (2020). How do Legal Standards Matter? An Empirical Study of Special Litigation Committees. (February 2020). Journal of Corporate Finance.
  • Krishnan, C., Davidoff, S., Thomas, R. (2017). The impact on shareholder value of top defense counsel in mergers and acquisitions litigation (vol. 45, pp. 480–495). Journal of Corporate Finance.
  • Krishnan, C., Thomas, R., Partnoy, F. (2016). The Second Wave of Hedge Fund Activism: The Importance of Reputation, Clout, and Expertise.” (vol. 40, pp. 294-314). Journal of Corporate Finance.
  • Krishnan, C. (2016). Venture Capital Reputation (vol. June 2016, pp. 890-893). SAGE Encyclopedia of Corporate Reputation, Oxford University Centre for Corporate Reputation.
  • Krishnan, C., Davidoff, S., Thomas, R. (2016). Who are the Top Law Firms? Assessing the Value of Plaintiffs’ Law Firms in Merger Litigation. (vol. 18(1), pp. 122-154). American Law and Economics Review.
  • Krishnan, C., Masulis, R., Thomas, R., Thompson, R. (2014). Jurisdictional Effects in M&A Litigation (vol. 11(1), pp. 132-158). Journal of Empirical Legal Studies.
  • Krishnan, C., Masulis, R. (2013). Law Firm Expertise and Merger and Acquisition Outcomes (vol. 56, pp. 189-226). Journal of Law and Economics.
  • Krishnan, C., Masulis, R., Thomas, R., Thompson, R. (2012). Shareholder Litigation in Mergers and Acquisitions (vol. 18, pp. 1248–1268). Journal of Corporate Finance.
  • Krishnan, C., Masulis, R. (2012). In Douglas Cumming (Ed.), Venture Capital Reputation Oxford University Press.
  • Krishnan, C., Masulis, R., Singh, A., Ivanov, V. (2011). Venture Capital Reputation, Post-IPO Performance and Corporate Governance (vol. 46, pp. 1295 - 1333). Journal of Financial and Quantitative Analysis.
  • Krishnan, C., Ritchken, P. H., Thomson , J. (2010). Predicting Credit Spreads (vol. 19, pp. 529-563). Journal of Financial Intermediation .
  • Krishnan, C., Ergungor, O., Laux, P., Singh, A., Zebedee, A. (2010). Examining Bank SEOs: Are Offers Made by Undercapitalized Banks Different? (vol. 19, pp. 207-234). Journal of Financial Intermediation.
  • Krishnan, C., Petkova, R., Ritchken, P. H. (2009). Correlation Risk (vol. 16, pp. 353-367). Journal of Empirical Finance.
  • Krishnan, C., Ritchken, P. H., Thomson, J. (2006). On Credit Spread Slopes and Predicting Bank Risk (vol. 38, pp. 1545-1574). Journal of Money, Credit and Banking.
  • Krishnan, C., Singh, A., Zebedee, A. (2006). An examination of large sell orders in cold IPO aftermarkets (vol. 9, pp. 119-143). Journal of Financial Markets.
  • Krishnan, C., Laux, P. (2005). Misreaction (vol. 40, pp. 403-434). Journal of Financial and Quantitative Analysis.
  • Krishnan, C., Ritchken, P. H., Thomson, J. (2005). Monitoring and Controlling Bank Risk: Does Risky Debt Help? (1 ed., vol. 60, pp. 343-378). Journal of Finance.
  • Krishnan, C. (2004). Can Inefficient Traders Create Value? (4 ed., vol. 27, pp. 461-479). Journal of Financial Research.

Anurag Gupta

  • Deuskar, P., Gupta, A., Subrahmanyam, M. G. (2011). Liquidity Effect in OTC Option Markets: Premium or Discount? (vol. 14, pp. 127-160). Journal of Financial Markets.
  • Berndt, A., Gupta, A. (2010). In Robert Kolb (Ed.), The Pitfalls of Originate-to-Distribute in Bank Lending John Wiley & Sons.
  • Berndt, A., Gupta, A. (2009). Moral Hazard and Adverse Selection in the Originate-to-Distribute Model of Bank Credit (vol. 56, pp. 725-743). Journal of Monetary Economics.
  • Deuskar, P., Gupta, A., Subrahmanyam, M. G. (2008). The Economic Determinants of Interest Rate Option Smiles (vol. 32, pp. 714-728). Journal of Banking and Finance.
  • Gupta, A., Singh, A., Zebedee, A. (2008). Liquidity in the Pricing of Syndicated Loans (vol. 11, 2008, pp. 339-376). Journal of Financial Markets.

Joon Woo Bae

Leonardo Madureira

  • Madureira, L., J. Ellis and S. Underwood. (2020) The Causal Effects of Proximity on Investment: Evidence from Flight Introductions, Forthcoming, Journal of Financial and Quantitative Analysis.
  • Madureira, L., O. Kadan, R. Wang and T. Zach. (2020). Sell Side Analysts' Benchmarks, Forthcoming, The Accounting Review.
  • Madureira, L., Cooney, Jr, J., Singh, A., Yang, K. (2015). Social Ties and IPO Outcomes (vol. 33). Journal of Corporate Finance.
  • Madureira, L., Ergungor, E., Singh, A., Nayar, N. (2015). Lending Relationships and Analysts' Forecasts (vol. 24). Journal of Financial Intermediation.
  • Madureira, L., Kadan, O., Zach, T., Wang, R. (2012). Analyst's Industry Expertise (vol. 54, pp. 95-120). Journal of Accounting & Economics.
  • Madureira, L., Anand, A., Gatchev, V., Pirinsky, C., Underwood, S. (2011). Geography and Price Discovery: Evidence from Nasdaq (vol. 14, pp. 193-226). Journal of Financial Markets.
  • Madureira, L., Kadan, O., Zach, T., Wang, R. (2009). Conflicts of Interest and Stock Recommendations: Evidence from the Global Settlement and Related Regulations (vol. 22, pp. 4189-4217). Review of Financial Studies.
  • Madureira, L., Underwood, S. (2008). Information, Sell-Side Research, and Market Making (2 ed., vol. 90, pp. 105-126). Journal of Financial Economics.
  • Madureira, L., Gomes, A., Gorton, G. (2007). SEC Regulation Fair Disclosure, Information and the Cost of Capital (vol. 13, pp. 300-334). Journal of Corporate Finance.
  • Madureira, L. (2007). Ex Ante Real Rate and Inflation Premium Under Habit Consumption Model (vol. 14, pp. 355-288). Journal of Empirical Finance.

Joonki Noh

  • Jegadeesh, N., Noh, J., Pukthuanthong, K., Roll, R., Wang, J. 2019. Empirical Tests of Asset Pricing Models with Individual Stocks: Resolving the Errors-in-variables Bias in Risk Premium Estimation Journal of Financial Economics.
  • Amihud, Y., Noh, J. 2019. Illiquidity and Stock Returns - II: Cross-section and Time-series Effects

Ralitsa Petkova

  • Petkova, R. G., Gulen, H. Absolute strength: Exploring momentum in stock returns
  • Petkova, R. G., Chen, Z. (2012). Does idiosyncratic volatility proxy for risk exposure? (vol. 25, pp. 2745-2787). Review of Financial Studies.
  • Petkova, R. G., Krishnan, C., Ritchken, P. H. (2009). Correlation risk (vol. 16, pp. 353-367). Journal of Empirical Finance.
  • Petkova, R. G., Chen, L., Zhang, L. (2007). The expected value premium (vol. 87, pp. 269-280). Journal of Financial Economics.
  • Petkova, R. G. (2006). Do the Fama–French factors proxy for innovations in predictive variables? (vol. 61, pp. 581-612). Journal of Finance.
  • Petkova, R. G., Zhang, L. (2005). Is value riskier than growth? (vol. 78, pp. 187-202). Journal of Financial Economics.

 Peter Ritchken

  • Ritchken, P. H. Jump Starting GARCH: Pricing and Hedging Options with Jumps in Returns and Volatilities Journal of Econometrics.
  • Ritchken, P. H., Krishnan, C., Thomson, J. On Forecasting Credit Spreads Journal of Financial Intermediation .
  • Ritchken, P. H., Petkova, R., Krishnan, C. Pricing of Correlation Risk
  • Babich, V., Li, H., Ritchken, P. H., Wang, Y. (2012). Contracting with Asymmetric Demand Information in Supply Chains (vol. 217, pp. 333-341). European Journal of Operational Research.
  • Haubrich, J., Pennacchi, G., Ritchken, P. H. (2012). Inflation Expectations, Real Rates, and Risk Premia: Evidence from Inflation Swaps Review of Financial Studies.
  • Krishnan, C., Ritchken, P. H., Thomson , J. (2010). Predicting Credit Spreads (vol. 19, pp. 529-63). Journal of Financial Intermediation.
  • Ritchken, P. H., Berndt, A., Sun, Z., (2010). On Correlation and Default Clustering in Credit Markets Review of Financial Studies.
  • Ritchken, P. H. (2010). On Correlation Effects and Systemic Risk in Credit Markets (1 ed., vol. 23, pp. 2680-2729). Review of Financial Studies.
  • Ritchken, P. H. (2009). Contracts in Supply Chains with Asymmetric Information (1 ed., vol. 197, pp. 134-148). European Journal of Operational research.
  • Krishnan, C., Petkova, R., Ritchken, P. H. (2009). Correlation Risk (vol. 16, pp. 353-367). Journal of Empirical Finance.
  • Krishnan, C., Ritchken, P. H., Thomson, J. (2006). On Credit Spread Slopes and Predicting Bank Risk (vol. 38, pp. 1545-1574). Journal of Money, Credit and Banking.
  • Ritchken, P. H., Duan, J., Sun, Z. (2006). Approximating GARCH-Jump models, Jump Diffusion Processes and Option Pricing (pp. 21-52). Mathematical Finance.
  • Krishnan, C., Ritchken, P. H., Thomson, J. (2005). Monitoring and Controlling Bank Risk: Does Risky Debt Help? (vol. 60, pp. 343-378). Journal of Finance.

JB Silvers

  • “To Prescribe or Not To Prescribe?  Surrogate Decision Making For Life-Enhancing Products,” Detelina Marinova, PhD, Irina Kozlenkova, Leona Cuttler, MD; J. B. Silvers, PhD., Journal of Consumer Research,, Feb 2017.
  • “The Affordable Care Act: Objectives and Likely Results in an Imperfect World,” Ann Fam Med 2013:402-405.
  • “A National Study of Physician Recommendations to Initiate and Discontinue Growth Hormone for Short Stature,” J. B. Silvers, PhD,; Detelina Marinova, Leona Cuttler,  Pediatrics, Vol. 126 Issue 3, p468-476, Sept 2010.
  • “Growth Hormone and Health Policy,” Leona Cuttler & J. B. Silvers, J Clin Endocrinol Metab 95: 3149 – 3153, Jul 2010.
  • “Patient, Physician, and Consumer Drivers: Referrals for Short Stature and Access to Specialty Drugs,” Leona Cuttler, MD; Detelina Marinova, PhD., Mary Beth Mercer, Alfred Connors, MD: Rebecca Meehan, PhD; J.B. Silvers, PhD, Medical Care 47(8): 858- 865, August 2009.
  • “Physician Decisions to Discontinue Long-Term Medications Using a Two Stage Framework: The Case of Growth Hormone Therapy,” Leona Cuttler, M.D.; J.B. Silvers, Ph.D.; Jagdip Singh, Ph.D.; Alexander Tsai, Ph.D.; Deborah Radcliffe, Ph.D., Medical Care 43(12): 1185-1193 December 2005.
  • “Accessing Capital: Learning to Live in the Real World,” J. B. Silvers, Frontiers of Health Services Management 21(2):  December 2004.
  • “Growth Hormone (GH) Therapy and Quality of Life In Adults and Children,” Radcliffe, Deborah J., Joseph S. Pliskin, JB Silvers, & Leona Cuttler, PharmacoEconomics 22(8) 499-524, February 2004.
  • “Growth hormone treatment for idiopathic short stature: implications for practice and policy,” Cuttler L and Silvers JB, Archives of Pediatric and Adolescent Medicine 158(2): 108-110, February 2004.
  • “Toward Understanding Consumers’ Role in Medical Decisions for Emerging Treatments: Issues, Framework, and Hypotheses,” Jagdip Singh, Leona Cuttler, J.B. Silvers, Journal of Business Research 57(9): 1054-1065, September 2004.

Li Wang

  • Henderson, B., Pearson, N., Wang, L. Pre-Trade Hedging: Evidence from the issuance of retail structured products. Journal of Financial Economics.
  • Henderson, B. J., Pearson, N. D., Wang, L. (2015). New Evidence on the Financialization of Commodity Markets (vol. 28, pp. 1285-1311, 2015). Review of Financial Studies.