Jonathan W. Lewellen

PROFESSOR OF FINANCE

Curriculum Vitae

ACADEMIC APPOINTMENTS

Tuck School of Business at Dartmouth
Professor of Finance (2012-present), Associate Professor of Business Administration (2005-2012)

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

  1. Institutional investors and the limits of arbitrage. Journal of Financial Economics 102, 2011, pp. 62-80.
  2. Accounting anomalies and fundamental analysis: An alternative view. Journal of Accounting and Economics 50, 2010, pp. 455-466.
  3. A skeptical appraisal of asset pricing tests, with S. Nagel and J. Shanken. Journal of Financial Economics 96, 2010, pp. 175-194.
  4. The conditional CAPM does not explain asset-pricing anomalies, with S. Nagel. Journal of Financial Economics 82, 2006, pp. 289-314.
  5. Stock returns, aggregate earnings surprises, and behavioral finance, with S.P. Kothari and J. Warner. Journal of Financial Economics 79, 2006, pp. 537-568.
  6. Predicting returns with financial ratios. Journal of Financial Economics 74, 2004, pp. 209-235.
  7. Discussion of "The Internet downturn: Finding valuation factors in spring 2000." Journal of Accounting and Economics 34, 2003, pp. 237-247.
  8. Learning, asset-pricing tests, and market efficiency, with J. Shanken. Journal of Finance 57, 2002, pp. 1113-1145.
  9. Momentum and autocorrelation in stock returns. Review of Financial Studies 15, 2002, pp. 533-563. 
  10. On the predictability of stock returns: Theory and evidence. Dissertation (Simon Graduate School of Business Administration, University of Rochester), 2000.  
  11. The time-series relations among expected return, risk, and book-to-market. Journal of Financial Economics 54, 1999, pp. 5-43.

WORKING PAPERS

  1. The predictive power of investment and accruals, 2013, wth R Resutek
  2. The behavior of aggregate corporate investment, 2013, with SP Kothari and J Warner
  3. The cross section of expected stock returns, 2013
  4. Investment and cashflow: New evidence, 2013, with K Lewellen
  5. Internal equity, taxes, and capital structure, 2006, with K Lewellen
  6. Herding, feedback trading, and stock returns: Evidence from Korea, 2005, with J. Chae
  7. Temporary movements in stock prices, 2002

PRESENTATIONS

  1. American Finance Association Annual Meeting (discussant), 2013
  2. Western Finance Association Annual Meeting (discussant), 2012
  3. Financial Research Association Annual Meeting (discussant), 2011
  4. Investment Forum, Dimensional Fund Advisors, 2011
  5. American Finance Association Annual Meeting (discussant), 2011
  6. Institutional Investor Conference, University of Texas at Austin, 2010
  7. Western Finance Association Annual Meeting, 2010
  8. NBER Fall Meeting, Behavioral Economics Program, 2009
  9. JAE Conference: Survey of Past Research and Directions for the Future (discussant), 2009
  10. NBER Summer Institute, Asset Pricing Program (discussant), 2009
  11. Investment Symposium, Dimensional Fund Advisors, 2008
  12. NBER Fall Meeting, Asset Pricing Program (discussant), 2007
  13. Platinum Grove Asset Management, 2007
  14. NBER Summer Institute, Asset Pricing Program (discussant), 2007
  15. American Finance Association Annual Meeting (discussant), 2007
  16. NBER Fall Meeting, Asset Pricing Program (discussant), 2006
  17. Investment Symposium, Dimensional Fund Advisors, 2006
  18. American Finance Association Annual Meeting (discussant), 2006
  19. Econometric Society, North American Winter Meeting, 2006
  20. Duke/UNC Asset Pricing Conference (discussant), 2005
  21. Western Finance Association Annual Meeting, 2005
  22. American Finance Association Annual Meeting, 2005.
  23. Western Finance Association Annual Meeting (discussant), 2004
  24. Conference Honoring the Work of Eugene F. Fama, 2004
  25. American Finance Association Annual Meeting (discussant), 2004
  26. Prudential Equity Group's 18th Annual Quantitative Research Conference, 2003
  27. NBER Summer Institute, Asset Pricing Program, 2003
  28. NBER Spring Meeting of the Market Microstructure Group (discussant), 2003
  29. Conference on Financial Economics and Accounting at University of Maryland (discussant), 2002
  30. NBER Summer Institute, Asset Marketing / Real Estate Group (discussant), 2002
  31. Texas Finance Festival, 2002
  32. American Finance Association Annual Meeting (discussant), 2002
  33. Fall Research Meeting, Grantham, Mayo, Van Otterloo & Co., 2001
  34. NBER Fall Meeting, Asset Pricing Program, 2001
  35. Journal of Accounting and Economics Conference (discussant), 2001
  36. Western Finance Association Annual Meeting (discussant), 2001
  37. Fall Research Meeting, Grantham, Mayo, Van Otterloo & Co., 2000
  38. NBER Summer Institute, Asset Pricing Program, 2000
  39. Spring Research Meeting, Grantham, Mayo, Van Otterloo & Co., 2000
  40. SFS Conference on Market Frictions and Behavioral Finance, 2000
  41. American Finance Association Annual Meeting (discussant), 2000
  42. Conference on Financial Economics and Accounting at NYU (discussant), 1998
  43. NBER Spring Meeting, Asset Pricing Program, 1998
  44. Southern Finance Association Annual Meeting, 1997
  45. New England Finance Doctoral Students Symposium, 1997

 

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CONTACT

Tuck School of Business at Dartmouth
100 Tuck Hall
Hanover, NH 03755
Tel: 603-646-8650
Fax: 603-646-1698
jonathan.lewellen@dartmouth.edu