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| Visiting Faculty | |
|---|---|
| Serdar Dinc | Neil Pearson |
| Cliff Holderness | Alex Stomper |
| Ibrahim Warde | |
| Adjunct Faculty | |
|---|---|
| Seth Alexander | Mark Kritzman |
| Philip Cooper | Mark Mueller |
| Thomas Copeland | John Parsons |
| John DeTore | Jeffrey Shames |
| Charles Kane | Craig Stephenson |
Gordon Y Billard Chair in Finance
As a specialist in corporate finance, Paul Asquith is a media source for the field of corporate finance and control, including mergers, dividend policy, financial distress, and market efficiency. An empiricist, he investigates applied problems using real-world data. Most recently, he has been examining analysts' forecasts and market efficiency. Asquith has been awarded the Teaching Excellence Award thirteen times by MIT Sloan program students.
Assistant Professor of Finance
Nittai Bergman joined MIT Sloan's faculty in 2003. Bergman's research interests are in the fields of corporate governance, financial contracting, and behavioral corporate finance. His work focuses on the ways in which financial frictions driven by agency costs impede the ability of firms to raise capital, the methods firms use to alleviate these frictions, and the real effects implied by the residual frictions. Recent studies deal with the determinants of corporate financial contract renegotiation and the real effects of investor protection on investment and technology adoption decisions.
Assistant Professor
Hui Chen's research interests are in asset pricing, and its connections with corporate finance. He is particularly interested in the interactions between the macro economy and term structure, credit risk, and corporate financing/investment decisions. His recent research projects include application of business cycle models to explain corporate financing behavior and corporate bond pricing, and analysis of the effects of incomplete markets on entrepreneurial financing and investments.
Nomura Professor of Finance
A leading authority on corporate finance and finance theory, John Cox has developed an intertemporal financial model broad enough to include the fundamental underlying forces affecting financial markets. Using this framework, he has devised a theory of the term structure of interest rates. His bond pricing model is widely used on Wall Street. In the field of contingent claims, Cox has examined the foundations of option valuation.
Assistant Professor
Carola Frydman's research interests are in corporate finance, economics of organizations, labor economics, and business history. Her work studies the evolution of executive compensation, turnover, and the labor market for managers throughout the twentieth century. Recent projects examine the effect of tax policy on the structure and level of pay, the interaction between stock option compensation and managerial incentives, and the relationship between human capital, pay, and the mobility of managers.
Assistant Professor
Scott Joslin's research interests are in capital markets. He is particularly interested in fixed income, derivative markets, asset pricing, and econometrics. His recent research projects have examined the pricing of bonds and bond options. He received his Ph.D. in Finance from Stanford Graduate School of Business in 2007.
Associate Professor
Leonid Kogan holds the Nippon Telephone and Telegraph chair in finance at the Sloan School of Management, MIT. He received his M.Sc. degree in mechanics and applied mathematics from the Moscow State University in 1993, a Ph.D. degree in mechanics from Cornell in 1995, and a Ph.D. degree in finance from MIT in 1999. Dr. Kogan taught at the Wharton School before joining MIT in 2001. During 2007-08 he was a senior researcher at Lehman Brothers. His research interests include asset pricing theory, macro-finance, empirical asset pricing, and financial engineering.
Harris & Harris Group Professor
Andrew W. Lo is the Harris & Harris Group Professor of Finance at the MIT Sloan School of Management and the director of MIT's Laboratory for Financial Engineering. He received his Ph.D. in economics from Harvard University in 1984, and taught at the University of Pennsylvania's Wharton School as the W.P. Carey Assistant Professor of Finance from 1984 to 1987, and as the W.P. Carey Associate Professor of Finance from 1987 to 1988.
Assistant Professor
Gustavo Manso's research interests are in corporate finance, contract theory, economics of organizations, and entrepreneurship. His recent research projects have been concerned with incentives for innovation and with dynamic investment and financing decisions of the firm. He was awarded the Lehman Brothers Fellowship for Research Excellence in Finance in 2006.
Robert C. Merton (1970) Professor of Financial Economics
Stewart Myers' research has concentrated on the theory and practice of corporate finance, including the role of information and incentives in corporate financing and methods for evaluating corporate investments. Recent research projects include the valuation of investments in R&D, risk management, and the allocation of capital in diversified firms, and the theory of corporate governance.
Mitsubishi Career Development Associate Professor
Jun Pan researches derivatives markets, credit risk modeling, risk management, and the term structure of interest rates. She has co-authored several papers on value at risk and has received prominent honors, including a Lieberman Fellowship at Stanford Business School.
Franco Modigliani Professor of Financial Economics
Stephen A. Ross is the Franco Modigliani Professor of Financial Economics at MIT and Chairman of Compensation Valuation, Inc.(CVI) and Principal and CIO of Ross Institutional Investors, LLC (RII). He was previously the Sterling Professor of Economics and Finance at Yale University and, before that, a professor of economics and finance at the Wharton School of the University of Pennsylvania.
Michael Koerner '49 Career Development Associate Professor
An expert in corporate finance, entrepreneurship, and organizational economics, Antoinette Schoar researches venture capital, entrepreneurial finance, corporate diversification, and governance, and capital budgeting decisions in firms. She has received the Fellowship of the George Stigler Center, ’97-’99, and the ERP Doctoral Scholarship of the German Ministry of Trade, ’95-’97.
Mizuho Financial Group Professor of Finance
Jiang Wang's research focuses on the pricing of financial assets and investment and risk management. He is currently working on the characterization of financial risks, the impact of liquidity on asset prices, optimal trading execution, and optimal portfolio choices. He is also doing research on financial development in China.
Visiting Assistant Professor
Serdar Dinc's research interests are in corporate finance with an emphasis on international issues and banking crises. Much of his recent research focuses on the role of politics in finance. His recent publications have examined the political economy of bank lending and of banking crises in major emerging markets. He has also published papers on the role of regulatory forbearance in emerging markets and of corporate governance in Japan during their banking crises. His recent research includes the politics of mergers and acquisitions in the European Union, and the politics of privatization in India. He has previously taught at Northwestern (Kellogg) and Michigan (Ross), and was nominated for the school-wide best teacher award at both schools.
Visiting Professor
Professor Holderness has research interests in corporate governance and corporate finance and a special research interest on the role of large-block shareholders in public corporations. The topics he has written on include the pricing of large blocks of stock, the role of large shareholders in public corporations around the world, and the protection of minority shareholders from oppression by large shareholders.
Visiting Professor
Neil D. Pearson is a Visiting Professor at the MIT Sloan School of Management and the Harry A. Brandt Distinguished Professor of Finance at the University of Illinois at Urbana-Champaign. He was previously on the faculty of University of Rochester, and also served as a Visiting Academic Fellow at the U.S. Securities and Exchange Commission. His research includes work on a range of issues in asset pricing, financial markets, and the valuation of financial instruments.
Visiting Assistant Professor
Professor Stomper specializes in corporate finance. His current research is on financial restructuring of firms in financial distress and credit risk measurement. Other research interests concern corporate governance and the economics/finance of family businesses. Stomper's research has been published in leading journals such as Management Science, the Review of Financial Studies, the Journal of Financial and Quantitative Analysis, and the Review of Finance.
Visiting Professor
Ibrahim Warde is adjunct professor of international business at the Fletcher School of Law and Diplomacy, Tufts University. He holds a B.A. from Université Saint Joseph in Beirut, Lebanon, an MBA from France's École des Hautes Études Commerciales, and an M.A. and Ph.D. in Political Science from the University of California at Berkeley where he also taught Middle Eastern Politics, Comparative Politics and International Relations.
Senior Lecturer
Seth Alexander is President of the MIT Investment Management Company (MITIMCo), a division of the Massachusetts Institute of Technology. MITIMCo manages the Endowment, Retirement Plan, Retiree Welfare Benefit Plan, and other financial assets of MIT. As of June 30, 2006, MITIMCo's assets under management totaled over $14 billion.
Senior Lecturer
Phil has 30 years of experience in alternative asset management as an entrepreneur, principal investor, fund investor and secondary investor. He is experienced in hedge fund and quantitative money management, with a particular focus on risk control. Phil is currently Co-Founder and Managing Partner of Lincoln Vale LLC, an international Alternative Asset Management Firm. Previously, Phil conceived, founded and led the Goldman Sachs Private Equity Group to over $11 billion in assets and international prominence.
Senior Lecturer
Dr. Copeland is Senior Lecturer at Massachusetts Institute of Technology's Sloan School of Management. He was formerly Full Professor of Finance, and department chairman at UCLA's, Anderson Graduate School of Management, Adjunct Full Professor of Finance at New York University, and Visiting Professor of Finance at the Harvard School of Business.
Senior Lecturer
John DeTore has 25 years of institutional investment experience. In 2003, he founded United Alpha, LLC, a hedge fund company specializing in international equities, and started the European Fund. He is currently Chief Investment Officer of GRT United Alpha, a Boston based hedge fund company where he continues as portfolio manager of the Fund. He has served as Managing Director and Director of Quantitative Analysis and Equity Product Development for Putnam Investments. Before that, he served as Head of Quantitative Research for Wellington Management Company for eight years.
Senior Lecturer
Charles Kane is currently the president of One Laptop per Child, a non profit organization that provides technology to enhance education in lesser developed countries. rior to OLPC, Kane was CFO of RSA Security (acquired by EMC); CFO of Aspen Technology; President and CEO of Corechange Inc. (acquired by Open Text Corp.); CFO of Informix Software (acquired by IBM); and served in financial executive positions at Stratus Computer, Prime Computer and Deloitte and Touche.
Senior Lecturer; Executive Director
John Parsons is the executive director of the Center for Energy and Environmental Policy Research and the executive director of the Joint Program on the Science and Policy of Global Change. Before returning to MIT, he was a vice president in the finance practice at the consulting firm CRA where for 10 years he worked with major international oil companies, mining companies and commodity processors, electric utilities, and international pharmaceutical companies, among others, on a wide variety of risk management and valuation matters. His research includes publications on theoretical and applied hedging and risk management problems.
Executive in Residence
Jeffrey Shames is the retired chairman of MFS Investment Management and the boards of trustees of the MFS Funds. He is Executive in Residence at the MIT Sloan School of Management and serves on the Institute's advisory councils for the MIT Sloan Dean and the MIT Leadership Center. Shames joined MFS in 1983 as an industry analyst and was named a portfolio manager in 1985, Chief Equity Officer in 1987, President and a member of the board in 1993, and Chairman and Chief Executive Officer in 1998. In September 2002, he retired as CEO and retained the title of Chairman until his retirement in February 2004.
Senior Lecturer
Craig Stephenson's areas of interest and expertise include corporate finance, corporate governance, and corporate financial strategy. He has industry experience in the CFO organizations of Phillips Petroleum Company, Texas Instruments, and Dell Computer Corporation, and he has been a member of the finance faculty at the University of Wisconsin, Babson College, and MIT's Sloan School of Management.
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