Faculty Profile

Robert E Novy-Marx

Lori and Alan S. Zekelman Distinguished Professor of Finance

Professor

Email: robert.novy-marx@simon.rochester.edu

Phone: 585.275.3914

Office: CS-3-160F Carol Simon Hall

Website

SSRN

Google Scholar

Bio

Novy-Marx earned the Fama/DFA Prize for the best capital markets/asset pricing paper in the Journal of Financial Economics (2012 and 2013), the Smith-Breeden Prize for the best capital markets paper in the Journal of Finance (2011), the Spängler IQAM Prize for the best paper in the Review of Finance (2011), and the Mill's Prize for the best paper in Real Estate Economics. Novy-Marx is also a former professional triathlete, a member of the National Bureau of Economic Research and taught at the Booth School of Business before coming to the Simon School.

Research Interests

Professor Novy-Marx’s research focuses primarily on empirical asset pricing, empirical methods, and public finance.

Professional History

Lori and Alan S. Zekelman Distinguished Professor of Finance

University of Rochester Simon Business School, Rochester NY

2014 -

Professor

University of Rochester Simon Business School, Rochester NY

2014 -

Associate Professor

University of Rochester Simon Business School, Rochester NY

2013 - 2014

Assistant Professor of Finance

University of Chicago Booth School of Business, Chicago IL

2003 - 2010

Education

University of California - 2003

Ph D

Finance

Swarthmore College - 1991

Physics

Publications

2019

Comparing Cost-Mitigation Techniques

Contribution Type: Journal Article, Academic Journal

Journal/Publisher/Proceedings Publisher: Financial Analysts Journal

Volume: 75

Issue: 1

Visit the website: https://www.cfapubs.org/doi/abs/10.1080/0015198X.2018.1547057

2016

A Taxonomy of Anomalies and their Trading Costs

Journal/Publisher/Proceedings Publisher: Review of Financial Studies

Volume: 29

Issue: 1

Visit the website: http://dx.doi.org/10.3386/w20721

2016

A Taxonomy of Anomalies and Their Trading Costs

Contribution Type: Journal Article, Academic Journal

Journal/Publisher/Proceedings Publisher: Review of Financial Studies

Volume: 29

Issue: 1

Visit the website: http://dx.doi.org/10.1093/rfs/hhv063

2015

Economic and financial approaches to valuing pension liabilities

Contribution Type: Journal Article, Academic Journal

Journal/Publisher/Proceedings Publisher: Journal of Pension Economics and Finance

Volume: 14

Issue: 02

Visit the website: http://dx.doi.org/10.1017/s1474747214000468

2014

Pension Security Bonds

Contribution Type: Book, Chapter in Scholarly Book-New

Journal/Publisher/Proceedings Publisher: Columbia University Press

Visit the website: http://dx.doi.org/10.7312/columbia/9780231160155.003.0026

2014

Linking Benefits to Investment Performance in US Public Pension Systems

Contribution Type: Journal Article, Academic Journal

Journal/Publisher/Proceedings Publisher: Journal of Public Economics

Volume: 116

Visit the website: https://www.sciencedirect.com/science/article/pii/S0047272714000085

2014

Predicting anomaly performance with politics, the weather, global warming, sunspots, and the stars

Contribution Type: Journal Article, Academic Journal

Journal/Publisher/Proceedings Publisher: Journal of Financial Economics

Volume: 112

Issue: 2

Visit the website: http://dx.doi.org/10.1016/j.jfineco.2014.02.002

2014

The Revenue Demands of Public Employee Pension Promises

Contribution Type: Journal Article, Academic Journal

Journal/Publisher/Proceedings Publisher: American Economic Journal: Economic Policy

Volume: 61

Issue: 1

2014

Financial Valuation of PBGC Insurance with Market-Implied Default Probabilities

Contribution Type: Journal Article, Academic Journal

Journal/Publisher/Proceedings Publisher: Tax Policy and the Economy

Volume: 28

Issue: 1

Visit the website: http://dx.doi.org/10.1086/675590

2013

The other side of value: The gross profitability premium

Contribution Type: Journal Article, Academic Journal

Journal/Publisher/Proceedings Publisher: Journal of Financial Economics

Volume: 108

Issue: 1

Visit the website: http://dx.doi.org/10.1016/j.jfineco.2013.01.003

2013

Logical Implications of GASB's Methodology for Valuing Pension Liabilities

Contribution Type: Journal Article, Academic Journal

Journal/Publisher/Proceedings Publisher: Financial Analysts Journal

Volume: 69

Issue: 1

2011

Operating Leverage

Journal/Publisher/Proceedings Publisher: Review of Finance

Volume: 15(1)

Issue: 2011

2011

The Crisis in Local Government Pensions in the United States

Journal/Publisher/Proceedings Publisher: Growing Old: Paying for Retirement and Institutional Money Management after the Financial Crisis / Brookings Institution Press with the Nomura Institute of Capital Markets Research

Issue: Yasuyuki Fuchita, Richard Herring and Robert Litan (eds.)

2009

Hot and Cold Markets

Journal/Publisher/Proceedings Publisher: Real Estate Economics

Volume: 37(1)

Issue: 2009

2009

The Liabilities and Risks of State-Sponsored Pension Plans

Contribution Type: Journal Article, Academic Journal

Journal/Publisher/Proceedings Publisher: Journal of Economics Perspectives

Volume: 23(4)

Issue: 2009