Robert W. Holthausen, PhD.The Nomura Securities Co. Professor, Full Professor in Wharton Accounting, Professor of Finance.
Research interests include accounting choice and organizational structure, effects of information on prices and volume, effects of organizational structure on financial performance, management compensation issues, valuation.
He published a book in 2014, Corporate Valuation: Theory, Evidence and Practice.
He teaches a course he developed on the Valuation of Companies.
Education: St. Lawrence University, BA; University of Rochester, Graduate School of Management, PhD in Business Administration.
Itamar Drechsler, PhD.Professor of Finance, Co-Director, Rodney L. White Center for Financial Research.
Research interests include asset pricing, financial intermediation, and monetary policy.
Recent research on the rise and fall of the Great Inflation used novel historical data from call reports filed with the Federal Reserve Board, the Federal Home Loan Bank Board, and the Office of Thrift Supervision.
Another recent paper on Liquidity and Volatility used CRSP data for constructing reversal portfolios.
Teaches Corporate Finance, Topics in Macro Finance.
Education: University of Pennsylvania, BSEcon Finance, BSE Computer Science and Mathematics; University of Pennsylvania, MA in Finance, MA in Mathematics, and PhD in Finance.
Nikolai Roussanov, PhD.Moise Y. Safra Professor, Professor of Finance, Academic Advisor - MBA major in Quantitative Finance, Academic Director - "Wharton on the Markets" series.
Research interests include asset pricing, econometrics, household finance, macroeconomics.
Recent research includes using stock returns on major news announcement days to link aggregate stock price fluctuations to shale technology innovations.
Recent research also includes using machine learning to efficiently combine a broad set of signals and produce a testing set of portfolios: “None of the well-known factor models can explain the returns of the testing set, and we observe monotonically increasing realized risk-adjusted excess returns.“
Teaches courses in Consumer Finance Decision Making, Fixed Income Securities, Behavioral Finance, Introduction to Empirical Methods in Finance.
Education: Moscow State University - work toward degree in mathematics; Harvard University, AB in Mathematics; The University of Chicago Graduate School of Business, PhD in Finance.
Hummy Song, PhD.Assistant Professor of Operations, Information and Decisions.
Research on identifying ways to improve the performance of service systems, with a particular emphasis on health care delivery systems.
In her research, Song uses large datasets derived from electronic health record systems, administrative databases, and surveys of the health care workforce.
Recent research has been about essential workers and Covid.
Teaches Operations, Information and Decisions courses. [These courses cover common quantitative modeling problems that arise frequently in business setting--how they can be formally modeled and solved with a combination of business insight and computer-based tools].
Education: Harvard College, AB; Harvard Kennedy School of Government, MPP; Harvard University, PhD in Health Policy Management.
Daniel J. Taylor, PhD.Associate Professor of Accounting, Director of the Wharton Forensic Analytics Lab.
Research interests include opportunistic/fraudulent reporting, insider trading, regulation.
Recent research includes “Voluntary disclosure when private information and disclosure costs are jointly determined.”
He was also recently involved with the Wharton Forensic Analytics lab study that identified three “red flags” associated with opportunistic use of 10b5-1 plans (prompted in part by insider trading windows that have opened up with speculation around Covid vaccine development).
Teaches courses in Introduction to Financial Accounting, Predictive Analytics with Financial Disclosures, Empirical Design in Accounting Research.
Education: University of Delaware, BS in Economics; Duke University, MA in Economics; Stanford University, PhD in Business.
Jules van Binsbergen, PhD. The Nippon Life Professor in Finance, Professor of Finance.
Conducts both theoretical and empirical research in finance, focusing on asset pricing.
Recently researched the influence of financial market anomalies on real economic activity, measuring the skill of mutual fund managers and the term structure of cash flow growth and stock return predictability.
One of his recent working papers includes a section on anomalies in CRSP mutual fund data and compares CRSP data with Morningstar to get to the bottom of these discrepancies.
Education: Royal Conservatory, The Hague, the Netherlands, Jazz Piano; Tilburg University, the Netherlands, MA in Financial Econometrics; Yale University, Department of Economics, Visiting Graduate Student; Duke University, Fuqua School of Business, PhD in Finance.