Ideas Made to Matter
New initiative tracks the trends remaking consumer finance
MIT Sloan’s Consumer Finance Initiative delves into household finance, fintech, crypto, savings and lending markets, and retirement funds.
Mar 28, 2023
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Antoinette Schoar
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Antoinette Schoar is the Stewart C. Myers-Horn Family Professor of Finance, MIT Sloan School of Management.
She holds a PhD in Economics from the University of Chicago and an undergraduate degree from Germany. Her research interests span from entrepreneurial finance to fintech, consumer finance, and financial intermediation. She has received several awards including the Kauffman Prize Medal for Distinguished Research in Entrepreneurship and the Brattle Prize for best paper in The Journal of Finance.
She is the co-chair of the NBER Corporate Finance group. She has served as an associate editor of The Journal of Finance, The American Economic Journal: Applied Economics, and the Journal of Economic Perspectives.
She also is the cofounder of ideas42, a non-profit organization that uses insights from behavioral economics and psychology to solve social problems.
Current Research Focus: Schoar's current research focuses on the areas of consumer finance, entrepreneurial finance, cryptocurrencies and blockchain technology as well as new financial technologies. Some of her ongoing projects investigate competition in credit card markets, applications of behavioral economics to consumer finance and cryptocurrency trading, governance of proof of stake and proof of work blockchains, and decentralized finance (DeFi). She is also the executive editor of the Journal of Finance, the cochair of the NBER Corporate Finance group, and a cofounder of ideas42, a non-profit that uses insights from behavioral economics and psychology to solve social problems.
Honors
NBER Corporate Finance program appoints Schoar as co-director
Professor Antoinette Schoar named one of the top 10 academics by aiCIO magazine
Publications
"The Effect of Managers on Systematic Risk."
Schoar, Antoinette, Kelvin Yeung, and Luo Zuo. Management Science. Forthcoming. Accepted Manuscript.
"Retail Financial Innovation and Stock Market Dynamics: The Case of Target Date Funds."
Parker, Jonathan A., Antoinette Schoar, and Yang Sun. Journal of Finance Vol. 78, No. 5 (2023): 2673-2723. Harvard Law School Forum. Appendix.
"Are Cryptos Different? Evidence from Retail Trading."
Kogan, Shimon, Igor Makarov, Marina Niessner, and Antoinette Schoar, MIT Sloan Working Paper 6831-22. Cambridge, MA: MIT Sloan School of Management, May 2023.
"Anatomy of a Run: The Terra Luna Crash."
Liu, Jiageng, Igor Makarov, and Antoinette Schoar, MIT Sloan Working Paper 6847-23. Cambridge, MA: MIT Sloan School of Management, April 2023. NBER Working Paper No. 31160.
"Heuristics on Call: The Impact of Mobile Phone Based Business Management Advice."
Cole, Shawn Allen, Mukta Joshi, and Antoinette Schoar, MIT Sloan Working Paper 6608-22. Cambridge, MA: MIT Sloan School of Management, January 2023. SSRN.
"Belief Disagreement and Portfolio Choice."
Meeuwis, Maarten, Jonathan A. Parker, Antoinette Schoar, and Duncan I. Simester. Journal of Finance Vol. 77, No. 6 (2022): 3191-3247. SSRN Preprint.
Recent Insights
Ideas Made to Matter
22 quotes for business and management from 2022
From crypto regulation to AI domination to employee empowerment, here are insights that capture all that changed in business and management this year.
Nov 23, 2022
Media Highlights
Press
Source:
The Harvard Law School Forum on Corporate Governance (Opinion Piece)
Anatomy of a run: The Terra Luna crash
"The collapse of Terra in May 2022 marked the first major run in crypto and contributed to the collapse of several other key players."
Press
Source:
MarketWatch
How your vote for Democrats or Republicans affects your stock market ret...
MIT Sloan research focused on the portfolio changes made by a large group of investors in the wake of the November 2016 election.
Press
Source:
The Harvard Law School Forum on Corporate Governance (Opinion Piece)
Retail financial innovation and stock market dynamics: The case of targe...
"We show that the rise of TDFs has changed the flow of investor funds across funds and started affecting the prices and returns of stocks."
Press
Source:
CoinDesk
DeFi can exacerbate volatility without even avoiding middlemen, BIS repo...
"The economic forces that allow intermediaries to hold market power in traditional finance might still exist in the DeFi world."
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