Learn from research’s biggest names.
The Simon community is small by design. In fact, it is the smallest of the top-ranked business schools, which offers students the opportunity to work closely with world class scholars. Simon doesn’t require a specific undergraduate major or a minimum work experience; scholars are free to choose from any of our six research focus areas.
|Accountancy||Comp. and Info. Systems||Economics and Mgmt.|
Finance at Simon Business School deals with problems of corporate financial policy, individual consumption-investment choices, and capital market equilibrium in an uncertain environment. The principles of price theory, mathematics, and statistics provide the basis for analyzing these problems. Close attention is given to investor-management behavior induced by utility maximization, how this behavior is affected by information, regulation, and contractual arrangements, and the implications of these considerations for systematic, measurable phenomena in financial markets. The methodological approach taken at Simon places strong emphasis on formal modeling of these problems and empirical testing of alternative theories.
Christian Opp, Faculty Director of PhD and Associate Professor in Finance, discusses his research in the field of finance.
Media mentions boost mutual funds.
Ron Kaniel and Robert Parham
It pays to be a mutual fund mentioned in Category Kings, the prominent Wall Street Journal feature. The Journal’s quarterly rankings give a surprisingly heavy boost to mutual funds that make it into the Top 10, according to research by Simon professor Ron Kaniel and co-author Robert Parham, a current PhD student. They found that the quarterly capital flows of Top 10 funds grew an average of 31 percent more than those of funds just missing the list.
How can Timing Optimize Employee Effort
What is the optimal way for supervisors to design performance evaluations and incentive pay? A paper by Simon professor Dmitry Orlov shows that partial transparency about employee performance is the way to go. “Well-managed firms are neither fully transparent nor fully opaque with their employees,” Orlov writes in “Optimal Design of Internal Disclosure.” Giving feedback to employees can improve productivity, Orlov says. However, the greater the feedback, the higher the cost of compensation over time.
Measuring a Prolific Career
G. William Schwert
The remarkable career of Eugene Fama gets a by-the-numbers look in a new paper co-authored by Simon professor G. William Schwert.
Investment Unfazed by Interest Rates
How is corporate investment affected when changes in profits, stock returns, market uncertainty, and interest rates come into play?
Looking at Liquidity before Litigation
Frank Torchio and Sunita Surana
A new paper by Simon adjunct lecturer Frank Torchio ’82S (MBA) and colleague Sunita Surana provides new insight into the proper way to perform a discounted cash flow valuation for fair-value assessments.
- Are Short-Selling Bans Effective? Evidence from the Summer 2011 European Bans on Net Short Sales, Rivista di Politica Economica, 2013, Website, 4
- Trade credit and profitability in production networks, Journal of Financial Economics, 2022, 1, 143
- Production Networks and Stock Returns: The Role of Vertical Creative Destruction, Review of Financial Studies, 2020, 12, 33
- Efficiency and Stability of a Financial Architecture with Too-Interconnected-to-Fail Institutions, Journal of Financial Economics, 2017, Website, 1, 124
Professor Kaniel has research interests in the areas of asset pricing, financial intermediation and investments. His research is focused on understanding mutual funds investment decisions and how they impact security prices, the impact of endogenous community effects on investors’ investment decisions and equilibrium prices, and the predictive role of changes in trading volume and investors’ order flow on security returns.
- The Real Side of the High-Volume Return Premium, Management Science, 2022, 68(2), 1426--1449, 2022, Website, 2, 68
- Filing speed, information leakage, and price formation, Review of Accounting Studies, 2022
- Impact of Managerial Commitment on Risk Taking with Dynamic Fund Flows, Management Science, 2019, Website, 7, 65
- Long Run Risk: Is It There?, Journal of Finance, 2022, Website, 3, 77
- Common Risk Factors in Cryptocurrency, Journal of Finance, 2022, Website, 2, 77
- How does shareholder governance affect the cost of borrowing?, Journal of Accounting and Economics, Website
- Corporate Governance, Prentice-Hall, 2010, 3
- Regulated Investment Companies, Mertens Law of Federal Income Taxation, 2004
- Alien Taxpayers and the U.S. Income Tax, Immigration Briefings, 2003
- Text Selection, Journal of Business & Economic Statistics, 2021
- When Selling Becomes Viral: Disruptions in Debt Markets in the COVID-19 Crisis and the Fed’s Response, Review of Financial Studies, 2021, Website, 11, 34
- Capital Immobility and the Reach for Yield, Journal of Economic Theory, 2019, 2019, 183
- Betting against betting against beta, Journal of Financial Economics, 2022, Website, 1, 143
- Comparing Cost-Mitigation Techniques, Financial Analysts Journal, 2019, Website, 1, 75
- A Taxonomy of Anomalies and their Trading Costs, Review of Financial Studies, 2016, Website, 1, 29
- “Dynamic Asset (Mis)Pricing: Build-up vs. Resolution Anomalies”, Journal of Financial Economics, 2023, Website, 2, 147
- To Pool or Not to Pool? Security Design in OTC Markets, Journal of Financial Economics, 2022, Website, 2, 145
- Venture Capital and the Macroeconomy, Review of Financial Studies, 2019, Website, 11, 32
- Separating equilibria, under-pricing and security design, Journal of Financial Economics, 2022, Website, 3, 145
- Is there a paradox of pledgeability?, Journal of Financial Economics, 2020, Website, 3, 137
- Optimal Security Design under Asymmetric Information and Profit Manipulation, The Review of Corporate Finance Studies, 2019, Website, 1, 8
- Measuring Innovation and Product Differentiation: Evidence from Mutual Funds, Journal of Finance, 2020
- You're Fired: New Evidence on Portfolio Manager Turnover, CFA Digest, 2017, Website, 1, 47
- You're Fired: New Evidence on Portfolio Manager Turnover and Performance, Journal of Financial and Quantitative Analysis, 2015, Website, 4, 50