Curriculum Vitae
ACADEMIC APPOINTMENTS
Tuck School of Business at Dartmouth
Associate Professor of Business Administration (2005-present)
Sloan School of Management, MIT
Jon D. Gruber Associate Professor of Finance (2004-05), Jon D. Gruber Assistant Professor of Finance (2001-04), Assistant Professor of Finance (1999-2001)
National Bureau of Economic Research
Research Associate, Asset Pricing Program (2006-present), Faculty Research Fellow, Asset Pricing Program (2002-06)
RESEARCH INTERESTS
Stock prices and investor behavior, corporate investment
TEACHING INTERESTS
Capital markets, investments
EDUCATION
Simon Graduate School of Business Administration, University of Rochester
PhD, Finance, 2000; MS, Applied Economics, 1997
Kelley School of Business, Indiana University
BS, Finance, 1994
PUBLICATIONS
- Institutional investors and the limits of arbitrage. Journal of Financial Economics 102, 2011, pp. 62-80.
- Accounting anomalies and fundamental analysis: An alternative view. Journal of Accounting and Economics 50, 2010, pp. 455-466.
- A skeptical appraisal of asset pricing tests, with S. Nagel and J. Shanken. Journal of Financial Economics 96, 2010, pp. 175-194.
- The conditional CAPM does not explain asset-pricing anomalies, with S. Nagel. Journal of Financial Economics 82, 2006, pp. 289-314.
- Stock returns, aggregate earnings surprises, and behavioral finance, with S.P. Kothari and J. Warner. Journal of Financial Economics 79, 2006, pp. 537-568.
- Predicting returns with financial ratios. Journal of Financial Economics 74, 2004, pp. 209-235.
- Discussion of "The Internet downturn: Finding valuation factors in spring 2000." Journal of Accounting and Economics 34, 2003, pp. 237-247.
- Learning, asset-pricing tests, and market efficiency, with J. Shanken. Journal of Finance 57, 2002, pp. 1113-1145.
- Momentum and autocorrelation in stock returns. Review of Financial Studies 15, 2002, pp. 533-563.
- On the predictability of stock returns: Theory and evidence. Dissertation (Simon Graduate School of Business Administration, University of Rochester), 2000.
- The time-series relations among expected return, risk, and book-to-market. Journal of Financial Economics 54, 1999, pp. 5-43.
WORKING PAPERS
- The predictive power of accruals and investment, 2011, wth R. Resutek
- The cross section of expected stock returns, 2011
- Investment and cashflow: New evidence, 2011, with K. Lewellen
- Internal equity, taxes, and capital structure, 2006, with K. Lewellen
- Herding, feedback trading, and stock returns: Evidence from Korea, 2005, with J. Chae
- Temporary movements in stock prices, 2002
PRESENTATIONS
- Financial Research Association Annual Meeting (discussant), 2011
- Investment Forum, Dimensional Fund Advisors, 2011
- American Finance Association Annual Meeting (discussant), 2011
- Institutional Investor Conference, University of Texas at Austin, 2010
- Western Finance Association Annual Meeting, 2010
- NBER Fall Meeting, Behavioral Economics Program, 2009
- JAE Conference: Survey of Past Research and Directions for the Future (discussant), 2009
- NBER Summer Institute, Asset Pricing Program (discussant), 2009
- Investment Symposium, Dimensional Fund Advisors, 2008
- NBER Fall Meeting, Asset Pricing Program (discussant), 2007
- Platinum Grove Asset Management, 2007
- NBER Summer Institute, Asset Pricing Program (discussant), 2007
- American Finance Association Annual Meeting (discussant), 2007
- NBER Fall Meeting, Asset Pricing Program (discussant), 2006
- Investment Symposium, Dimensional Fund Advisors, 2006
- American Finance Association Annual Meeting (discussant), 2006
- Econometric Society, North American Winter Meeting, 2006
- Duke/UNC Asset Pricing Conference (discussant), 2005
- Western Finance Association Annual Meeting, 2005
- American Finance Association Annual Meeting, 2005.
- Western Finance Association Annual Meeting (discussant), 2004
- Conference Honoring the Work of Eugene F. Fama, 2004
- American Finance Association Annual Meeting (discussant), 2004
- Prudential Equity Group's 18th Annual Quantitative Research Conference, 2003
- NBER Summer Institute, Asset Pricing Program, 2003
- NBER Spring Meeting of the Market Microstructure Group (discussant), 2003
- Conference on Financial Economics and Accounting at University of Maryland (discussant), 2002
- NBER Summer Institute, Asset Marketing / Real Estate Group (discussant), 2002
- Texas Finance Festival, 2002
- American Finance Association Annual Meeting (discussant), 2002
- Fall Research Meeting, Grantham, Mayo, Van Otterloo & Co., 2001
- NBER Fall Meeting, Asset Pricing Program, 2001
- Journal of Accounting and Economics Conference (discussant), 2001
- Western Finance Association Annual Meeting (discussant), 2001
- Fall Research Meeting, Grantham, Mayo, Van Otterloo & Co., 2000
- NBER Summer Institute, Asset Pricing Program, 2000
- Spring Research Meeting, Grantham, Mayo, Van Otterloo & Co., 2000
- SFS Conference on Market Frictions and Behavioral Finance, 2000
- American Finance Association Annual Meeting (discussant), 2000
- Conference on Financial Economics and Accounting at NYU (discussant), 1998
- NBER Spring Meeting, Asset Pricing Program, 1998
- Southern Finance Association Annual Meeting, 1997
- New England Finance Doctoral Students Symposium, 1997
