<form name="aspnetForm" method="post" action="faculty.aspx" id="aspnetForm">
<input type="hidden" name="MSOWebPartPage_PostbackSource" id="MSOWebPartPage_PostbackSource" value="" />
<input type="hidden" name="MSOTlPn_SelectedWpId" id="MSOTlPn_SelectedWpId" value="" />
<input type="hidden" name="MSOTlPn_View" id="MSOTlPn_View" value="0" />
<input type="hidden" name="MSOTlPn_ShowSettings" id="MSOTlPn_ShowSettings" value="False" />
<input type="hidden" name="MSOGallery_SelectedLibrary" id="MSOGallery_SelectedLibrary" value="" />
<input type="hidden" name="MSOGallery_FilterString" id="MSOGallery_FilterString" value="" />
<input type="hidden" name="MSOTlPn_Button" id="MSOTlPn_Button" value="none" />
<input type="hidden" name="__REQUESTDIGEST" id="__REQUESTDIGEST" value="0xC20CB898670908E59F10EFDA4510AA0065C3F8A08957B0A581C2F9B71022519E3C9D3BB21392816D0BEAFD589375E645525B8BEEE6FA89D4CA16D3D7F11A86CC,23 Jan 2019 23:04:57 -0000" />
<input type="hidden" name="MSOSPWebPartManager_DisplayModeName" id="MSOSPWebPartManager_DisplayModeName" value="Browse" />
<input type="hidden" name="MSOSPWebPartManager_ExitingDesignMode" id="MSOSPWebPartManager_ExitingDesignMode" value="false" />
<input type="hidden" name="MSOWebPartPage_Shared" id="MSOWebPartPage_Shared" value="" />
<input type="hidden" name="MSOLayout_LayoutChanges" id="MSOLayout_LayoutChanges" value="" />
<input type="hidden" name="MSOLayout_InDesignMode" id="MSOLayout_InDesignMode" value="" />
<input type="hidden" name="MSOSPWebPartManager_OldDisplayModeName" id="MSOSPWebPartManager_OldDisplayModeName" value="Browse" />
<input type="hidden" name="MSOSPWebPartManager_StartWebPartEditingName" id="MSOSPWebPartManager_StartWebPartEditingName" value="false" />
<input type="hidden" name="MSOSPWebPartManager_EndWebPartEditing" id="MSOSPWebPartManager_EndWebPartEditing" value="false" />
<input type="hidden" name="__VIEWSTATE" id="__VIEWSTATE" value="/wEPDwUBMA9kFgJmD2QWAgIBD2QWCAIBD2QWAgICD2QWAmYPFgIeBFRleHQFVkZhY3VsdHkgLSANCgkJICAgICBGaW5hbmNlIA0KCQkgICAgIC0gRmFjdWx0eSAmYW1wOyBSZXNlYXJjaCAtIEhhcnZhcmQgQnVzaW5lc3MgU2Nob29sZAIND2QWAgIBD2QWAgILDxYCHhNQcmV2aW91c0NvbnRyb2xNb2RlCymIAU1pY3Jvc29mdC5TaGFyZVBvaW50LldlYkNvbnRyb2xzLlNQQ29udHJvbE1vZGUsIE1pY3Jvc29mdC5TaGFyZVBvaW50LCBWZXJzaW9uPTE0LjAuMC4wLCBDdWx0dXJlPW5ldXRyYWwsIFB1YmxpY0tleVRva2VuPTcxZTliY2UxMTFlOTQyOWMBZAIVDw8WAh4HVmlzaWJsZWhkZAIZD2QWAgIBD2QWAmYPZBYCAgMPZBYCAgUPDxYEHgZIZWlnaHQbAAAAAAAAeUABAAAAHgRfIVNCAoABZBYCAgEPPCsACQEADxYEHg1QYXRoU2VwYXJhdG9yBAgeDU5ldmVyRXhwYW5kZWRnZGRkJciKiQ28i0g2agqvfFeWkZ8t/Nw=" />

<script type="text/javascript">
//<![CDATA[
var MSOWebPartPageFormName = 'aspnetForm';
var g_presenceEnabled = true;var _fV4UI=true;var _spPageContextInfo = {webServerRelativeUrl: "\u002ffaculty\u002funits\u002ffinance", webLanguage: 1033, currentLanguage: 1033, webUIVersion:4,pageListId:"{920370e3-96bc-4d62-8209-196e48f77d1d}",pageItemId:2, alertsEnabled:true, siteServerRelativeUrl: "\u002ffaculty", allowSilverlightPrompt:'True'};//]]>
</script>
<script type="text/javascript" src="/_layouts/1033/init.js?rev=wgiyW1GQqDQZTITaawvYoA%3D%3D"></script>
<script src="/WebResource.axd?d=0BN16XvcGHuJm7w6ynHPQUp2bpfRBguTqcJxAewp5Z6TG9N1ORNkdbc65-xjVZfcc8oQWsz2XPVjWs3sLHPjmveJ1A8CpDbhoiiXlraAxD-GhALjyint8HT53UFez1JzfJIy8Q_LxpJS3G8QmAMxSkzh4vc1&t=635091894137364301" type="text/javascript"></script>
<script type="text/javascript">
//<![CDATA[
var dlc_fvsi = {"DefaultViews":[],"ViewUrls":[],"WebUrl":"\/faculty\/units\/finance"};//]]>
</script>

<script type="text/javascript">
//<![CDATA[
function _spNavigateHierarchy(nodeDiv, dataSourceId, dataPath, url, listInContext, type) {
    CoreInvoke('ProcessDefaultNavigateHierarchy', nodeDiv, dataSourceId, dataPath, url, listInContext, type, document.forms.aspnetForm, "", "\u002ffaculty\u002funits\u002ffinance\u002fPages\u002ffaculty.aspx");

}
//]]>
</script>
<input type="hidden" name="__VIEWSTATEGENERATOR" id="__VIEWSTATEGENERATOR" value="E39AC016" />
<script type="text/javascript">RegisterSod("sp.core.js", "\u002f_layouts\u002fsp.core.js?rev=7ByNlH\u00252BvcgRJg\u00252BRCctdC0w\u00253D\u00253D");</script><script type="text/javascript">RegisterSod("sp.res.resx", "\u002f_layouts\u002fScriptResx.ashx?culture=en\u00252Dus\u0026name=SP\u00252ERes\u0026rev=b6\u00252FcRx1a6orhAQ\u00252FcF\u00252B0ytQ\u00253D\u00253D");</script><script type="text/javascript">RegisterSod("sp.ui.dialog.js", "\u002f_layouts\u002fsp.ui.dialog.js?rev=Tpcmo1\u00252FSu6R0yewHowDl5g\u00253D\u00253D");RegisterSodDep("sp.ui.dialog.js", "sp.core.js");RegisterSodDep("sp.ui.dialog.js", "sp.res.resx");</script><script type="text/javascript">RegisterSod("core.js", "\u002f_layouts\u002f1033\u002fcore.js?rev=Emb5hNX1RZMNXk9oS82yvA\u00253D\u00253D");</script>
<script type="text/javascript">
//<![CDATA[
var _spFormDigestRefreshInterval = 1440000;window.g_updateFormDigestPageLoaded = new Date(); window.g_updateFormDigestPageLoaded.setDate(window.g_updateFormDigestPageLoaded.getDate() -5);function loadMDN2() { EnsureScript('MDN.js', typeof(loadFilterFn), null); }
function loadMDN1() { ExecuteOrDelayUntilScriptLoaded(loadMDN2, 'sp.ribbon.js'); }
_spBodyOnLoadFunctionNames.push('loadMDN1');//]]>
</script>
<script type="text/javascript">RegisterSod("sp.runtime.js", "\u002f_layouts\u002fsp.runtime.js?rev=IGffcZfunndj0247nOxKVg\u00253D\u00253D");RegisterSodDep("sp.runtime.js", "sp.core.js");RegisterSodDep("sp.runtime.js", "sp.res.resx");</script><script type="text/javascript">RegisterSod("sp.js", "\u002f_layouts\u002fsp.js?rev=\u00252B4ZEyA892P3T0504qi0paw\u00253D\u00253D");RegisterSodDep("sp.js", "sp.core.js");RegisterSodDep("sp.js", "sp.runtime.js");RegisterSodDep("sp.js", "sp.ui.dialog.js");RegisterSodDep("sp.js", "sp.res.resx");</script><script type="text/javascript">RegisterSod("cui.js", "\u002f_layouts\u002fcui.js?rev=OOyJv78CADNBeet\u00252FvTvniQ\u00253D\u00253D");</script><script type="text/javascript">RegisterSod("inplview", "\u002f_layouts\u002finplview.js?rev=WB6Gy8a027aeNCq7koVCUg\u00253D\u00253D");RegisterSodDep("inplview", "core.js");RegisterSodDep("inplview", "sp.js");</script><script type="text/javascript">RegisterSod("ribbon", "\u002f_layouts\u002fsp.ribbon.js?rev=F\u00252BUEJ66rbXzSvpf7nN69wQ\u00253D\u00253D");RegisterSodDep("ribbon", "core.js");RegisterSodDep("ribbon", "sp.core.js");RegisterSodDep("ribbon", "sp.js");RegisterSodDep("ribbon", "cui.js");RegisterSodDep("ribbon", "sp.res.resx");RegisterSodDep("ribbon", "sp.runtime.js");RegisterSodDep("ribbon", "inplview");</script><script type="text/javascript">RegisterSod("sp.ui.policy.resources.resx", "\u002f_layouts\u002fScriptResx.ashx?culture=en\u00252Dus\u0026name=SP\u00252EUI\u00252EPolicy\u00252EResources\u0026rev=YhBHGmUAGyJ3lAgSdE4V\u00252Fw\u00253D\u00253D");</script><script type="text/javascript">RegisterSod("mdn.js", "\u002f_layouts\u002fmdn.js?rev=gwmFFJ2\u00252FfFacqXWAqG\u00252FqKg\u00253D\u00253D");RegisterSodDep("mdn.js", "sp.core.js");RegisterSodDep("mdn.js", "sp.runtime.js");RegisterSodDep("mdn.js", "sp.js");RegisterSodDep("mdn.js", "cui.js");RegisterSodDep("mdn.js", "ribbon");RegisterSodDep("mdn.js", "sp.ui.policy.resources.resx");</script>
<script type="text/javascript">
//<![CDATA[

function _spNavigateHierarchyEx(nodeDiv, dataSourceId, dataPath, url, listInContext, type, additionalQString) {
    SetAdditionalNavigateHierarchyQString(additionalQString);
    g_originalSPNavigateFunc(nodeDiv, dataSourceId, dataPath, url, listInContext, type);
}

g_originalSPNavigateFunc = _spNavigateHierarchy;
_spNavigateHierarchy = _spNavigateHierarchyEx;
var _fV4UI = true;//]]>
</script>
<script type="text/javascript">RegisterSod("msstring.js", "\u002f_layouts\u002f1033\u002fmsstring.js?rev=QtiIcPH3HV7LgVSO7vONFg\u00253D\u00253D");</script><script type="text/javascript">RegisterSod("browserScript", "\u002f_layouts\u002f1033\u002fnon_ie.js?rev=EVTj1bu32\u00252FMla6SDN\u00252FsNTA\u00253D\u00253D");</script>
<script type="text/javascript">
//<![CDATA[
var __wpmExportWarning='This Web Part Page has been personalized. As a result, one or more Web Part properties may contain confidential information. Make sure the properties contain information that is safe for others to read. After exporting this Web Part, view properties in the Web Part description file (.WebPart) by using a text editor such as Microsoft Notepad.';var __wpmCloseProviderWarning='You are about to close this Web Part.  It is currently providing data to other Web Parts, and these connections will be deleted if this Web Part is closed.  To close this Web Part, click OK.  To keep this Web Part, click Cancel.';var __wpmDeleteWarning='You are about to permanently delete this Web Part.  Are you sure you want to do this?  To delete this Web Part, click OK.  To keep this Web Part, click Cancel.';//]]>
</script>
</form>

Go to main content

Finance

UNIT HEAD:

Robin Greenwood

George Gund Professor of Finance and Banking

Malcolm P. Baker

Robert G. Kirby Professor of Business Administration (Leave of Absence)

Senior Lecturer of Business Administration

Lauren H. Cohen

L.E. Simmons Professor of Business Administration

Randolph B. Cohen

Senior Lecturer of Business Administration

John G. McLean Professor of Business Administration

Joshua D. Coval

Jay O. Light Professor of Business Administration

Mizuho Financial Group Professor of Finance

Marco Di Maggio

Assistant Professor of Business Administration

Senior Lecturer of Business Administration

Assistant Professor of Business Administration

Benjamin C. Esty

Roy and Elizabeth Simmons Professor of Business Administration

Senior Lecturer of Business Administration

André R. Jakurski Professor of Business Administration
Senior Associate Dean, Strategic Financial Planning

Nori Gerardo Lietz

Senior Lecturer of Business Administration

Stuart C. Gilson

Steven R. Fenster Professor of Business Administration

Paul A. Gompers

Eugene Holman Professor of Business Administration

Daniel W. Green

Assistant Professor of Business Administration

Samuel G. Hanson

Marvin Bower Associate Professor

Victoria Ivashina

Lovett-Learned Professor of Business Administration

George Fisher Baker Jr. Professor of Business Administration

Jacob H. Schiff Professor of Investment Banking
Unit Head, Entrepreneurial Management

Gary W. Loveman

Senior Lecturer of Business Administration

John D. Macomber

Senior Lecturer of Business Administration

Christopher J. Malloy

Sylvan C. Coleman Professor of Financial Management

E. Scott Mayfield

Senior Lecturer of Business Administration

Emily R. McComb

Senior Lecturer of Business Administration

Kristin Williams Mugford

Senior Lecturer of Business Administration

Richard S. Ruback

Willard Prescott Smith Professor of Corporate Finance

David S. Scharfstein

Edmund Cogswell Converse Professor of Finance and Banking
Senior Associate Dean, Doctoral Programs

Poorvu Family Professor of Management Practice

Emil N. Siriwardane

Assistant Professor of Business Administration

John A. Paulson Professor of Business Administration

Marvin Bower Associate Professor

Assistant Professor of Business Administration

Luis M. Viceira

George E. Bates Professor
Senior Associate Dean, Executive Education

Assistant Professor of Business Administration

Senior Lecturer of Business Administration

Senior Lecturer of Business Administration

Royce G. Yudkoff

Professor of Management Practice

Unit Affiliates

Carliss Y. Baldwin

William L. White Professor of Business Administration, Emerita

Dwight B. Crane

Professor, Emeritus

Professor, Emeritus

William E. Fruhan

Professor, Emeritus

Samuel L. Hayes

Professor, Emeritus

Dean, Emeritus

John H. McArthur

Dean, Emeritus

Robert C. Merton

University Professor, Emeritus

André F. Perold

Professor, Emeritus

Thomas R. Piper

Professor, Emeritus

Henry B. Reiling

Professor, Emeritus

HBS Working Knowledge

The Creation and Evolution of Entrepreneurial Public Markets

re Josh Lerner

Since 1990, new stock exchanges geared toward fast-growing, entrepreneurial companies have proliferated around the world. This analysis shows that exchanges in countries with better shareholder prote

Financing the Response to Climate Change: The Pricing and Ownership of US Green Bonds

re Malcolm P. Baker and George Serafeim

Green bonds are used for environmentally friendly purposes like renewable energy. Complementing previous research, this paper explores the US corporate and municipal green bond and shows that a subse

Women Receive Harsher Punishment at Work Than Men

re Mark L. Egan

Women caught in misconduct were 20 percent more likely to be fired and 30 percent less likely to find new employment in the financial services industry, reports new research by Mark Egan and colleagu