C. Fritz Foley
André R. Jakurski Professor of Business Administration
Fritz Foley is a Professor in the Finance area at Harvard Business School. He is also a Faculty Research Fellow in the National Bureau of Economic Research’s Corporate Finance and International Trade and Investment Programs and an Associate Editor of the Journal of International Economics. Professor Foley teaches the first-year course Field Immersion Experiences for Leadership Development and in various HBS Executive Education programs.
Professor Foley’s research focuses on international corporate finance with a particular emphasis on the activities of multinational firms. He has investigated the use of international joint ventures, the determinants of multinational affiliate capital structure and dividend repatriations, the advantages associated with internal capital and labor markets, the impact of capital controls on multinationals, and the effects of stock market valuations on foreign direct investment. His work on how intellectual property rights influence international technological transfers has been funded by grants from the National Science Foundation, the World Bank, and the Asian Development Bank. His academic articles have appeared in several journals including The Journal of Finance, the Journal of Financial Economics, the Journal of Public Economics, the National Tax Journal, the Review of Financial Studies, and the Quarterly Journal of Economics.
Prior to joining HBS, Professor Foley taught at the University of Michigan Business School. He received a Ph. D. in Business Economics from Harvard University and a B.A. in Ethics, Politics, and Economics from Yale University. Professor Foley has also worked as a strategy consultant at Monitor Company and conducted research on multinational firms in the apparel export sector as a Fulbright Scholar in Sri Lanka.
C. Fritz Foley: Won with Mihir A. Desai the 2008 Pearson/Prentice Hall Prize for Best Paper in Financial Management for their paper (with James R. Hines Jr.) "Dividend Policy inside the Multinational Firm" (2007).
C. Fritz Foley: Runner up for the 2009 Review of Financial Studies-Michael Brennan Best Paper Prize for his paper with Mihir Desai and Kristen Forbes, "Financial Constraints and Growth: Multinational and Local Firm Responses to Currency Crises" (November 2008).