DOCSLIB.ORG

MANUEL ADELINO Duke University's Fuqua School of Business 100

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
MANUEL ADELINO Duke University's Fuqua School of Business 100 MANUEL ADELINO Duke University's Fuqua School of Business 100 Fuqua Drive, Durham, NC 27708 919-660-7981 [email protected] This version: January 2017 CURRENT APPOINTMENTS 2016 - Associate Professor of Finance (untenured), Fuqua School of Business, Duke University 2016 - CEPR Research Affiliate 2010 - Academic Advisor, ideas42 PAST APPOINTMENTS 2012 -2016 Assistant Professor of Finance, Fuqua School of Business, Duke University 2010-2012 Assistant Professor of Finance, Tuck School of Business, Dartmouth 2008-2012 Research Associate and Visiting Scholar, Federal Reserve Bank of Boston 2003-2004 Business Analyst, McKinsey & Company, Lisbon 2001, 2002 Summer Analyst, Goldman Sachs, London EDUCATION 2010 Ph.D., Financial Economics, MIT Sloan School of Management 2003 Licenciatura, Business Administration, Universidade Cat´olicaPortuguesa PUBLICATIONS • \Firm Age, Investment Opportunities, and Job Creation," with Song Ma and David Robinson. Best paper award, Red Rock conference. Journal of Finance, Forthcoming, July 2016. • \Loan Originations and Defaults in the Mortgage Crisis: The Role of the Middle Class," with An- toinette Schoar and Felipe Severino. Review of Financial Studies, Volume 29, Issue 7, pages 1635-1670 (July 2016). Editor's choice. • \Bank Ratings and Lending Supply: Evidence from Sovereign Downgrades," with Miguel Ferreira. Review of Financial Studies, Volume 29, Issue 7, pages 1709-1746 (July 2016). • \Investment Decisions of Nonprofits: Evidence from Hospitals," with Katharina Lewellen and Anant Sundaram. Journal of Finance, Volume 70, Issue 4, pages 1583-1628, (August 2015). • \House Prices, Collateral and Self-Employment," with Antoinette Schoar and Felipe Severino. Journal of Financial Economics, Volume 117, Issue 2, Pages 288-306 (August 2015). • \Corporate Distress and Lobbying: Evidence From the Stimulus Act," with Serdar Dinc. Journal of Financial Economics, Volume 114, Issue 2, Pages 256-272 (November 2014). • \Identifying the Effect of Securitization on Foreclosure and Modification Rates Using Early-Payment Defaults," with Kris Gerardi and Paul Willen. Journal of Real Estate Finance and Economics, Volume 49, Issue 3, Pages 352-378 (October 2014). 1 • \Why Don't Lenders Renegotiate More Home Mortgages? Redefaults, Self-Cures and Securitization," with Kris Gerardi and Paul Willen. Journal of Monetary Economics, Volume 60, Issue 7, Pages 835-853 (October 2013). WORKING PAPERS • \Are Lemons Sold First? Dynamic Signaling in the Mortgage Market," with Kris Gerardi and Barney Hartman-Glaser. • \Financial Condition and Product Quality: The Case of Nonprofit Hospitals," with Katharina Lewellen and Ben McCartney. • \The Economic Effects of Public Financing: Evidence from Municipal Bond Ratings Recalibration," with Igor Cunha and Miguel Ferreira. • \The Effect of Large Investors on Asset Quality: Evidence from Subprime Mortgage Securities," with Scott Frame and Kris Gerardi. • \Loan Originations and Defaults in the Mortgage Crisis: Further Evidence," with Antoinette Schoar and Felipe Severino, NBER Working Paper w21320. • \Credit Supply and House Prices: Evidence from Mortgage Market Segmentation," with Antoinette Schoar and Felipe Severino, NBER Working Paper w17832. HONORS, FELLOWSHIPS AND GRANTS 2015 Kauffman Junior Faculty Fellowship in Entrepreneurship Research Fondation Banque de France Research Grant Member, Conselho da Di´aspora Portuguesa (World Portuguese Network) 2014 Winner, Excellence in Teaching Award, Daytime MBA 2013 Finalist, Excellence in Teaching Award, Daytime MBA 2012 NBER Household Finance Grant 2005-2010 MIT Sloan Fellowship 2005-2008 Gulbenkian Doctoral Fellowship 2003 \Democracia e Desenvolvimento" award for highest GPA 1998-2003 Universidade Cat´olica Portuguesa Fellowship TEACHING 2013 - 2016 Entrepreneurial Finance (MBA) Fuqua School of Business, Duke University 2011, 2012 Futures and Options Markets (MBA) Tuck School of Business, Dartmouth 2012 Economics of the Credit Crisis (MBA) Tuck School of Business 2004, 2005 Finance I and II (Undergraduate) Universidade Cat´olicaPortuguesa INVITED PRESENTATIONS y: Discussant; z: session chair; *: scheduled 2017: AFA, AEAy, AREUEAy, INSEAD*, University of Minnesota*, MIT*. 2016: AEAy, AFA, AREUEAy, Econometric Society, Kauffman Emerging Scholars Conference, Texas A&M, Chicago Fed, NBER Corporate Financey, University of Indiana, NY Fed / NYU Conference on Financial Intermediationy, FIRS, WFAyz, University of South Carolina, University of Notre Dame, Louisiana State University, University of Arizona. 2 2015: AFA, Virginia (Darden), Berkeley, NY Fed Conference on Mortgage Designy, SFS Cavalcadey, NBER Real Estatey, Brandeis Municipal Finance Conference, MIT Junior Finance Conferencey, Harvard Business School, Yale University, Federal Reserve Board, CMU Conference on Credit Ratings. 2014: AEA, AFAy, AREUEAy, UNC Charlotte, NBER (Productivity and Innovation, Entrepreneurship, CRIWy), NY Fed / NYU Conference on Financial Intermediation, SFS Cavalcadey, FIRSy, WFAy, NBER SI (Risks of Financial Institutionsy, Credit Ratings, Entrepreneurshipy), UT Austin, Red Rock Confer- ence, Wharton Liquidity Conference, Harvard Business School, New York University, University of Chicago (Booth), Stockholm School of Economics, Stanford University. 2013: Jackson Hole Finance Meeting, UNC-Duke Corporate Finance Conferencey, Kauffman Early Stage Investing Conference, Harvard Business School, AREUEA National Meetings, EFIC (Brandeis), WFA, Cleveland Fed Policy Summit, Bank of Canada Macro-Financial Conference, North Carolina State Uni- versity, Philadelphia Fed Consumer Credit Conference, HULM, Northwestern (Kellogg). 2012: AEA, Columbia University, Duke University, Weimer School May Meetings, Kellogg Junior Finance Conference, WFA, Federal Reserve Board, EFA, UNC Kenan Flagler, Princeton University, NBER En- trepreneurship. 2011: AFAy, CFS-EIEF Conference on Household Finance, Philadelphia Fed Consumer Credit and Pay- ments Conference, Federal Reserve Bank of Boston, NBER Asset Pricing, NBER Household Finance, McGill. 2010: Tuck School of Business at Dartmouth, Federal Reserve Bank of New York, Ohio State University, Boston University, University of Toronto, London School of Economics, Imperial College in London, IESE Business School, University of Rochester, Universidade Nova de Lisboa, Universidade Cat´olicaPortuguesa, NBER Political Economy Public Finance, Federal Reserve System Committee on Financial Structure and Regulation. PROFESSIONAL ACTIVITIES Conference organizer: Duke-UNC Corporate Finance Conference (2015, 2017), NBER Entrepreneurship and Economic Growth (2016). Program committee: EFA, FIRS, MFA, WFA, Philadelphia Fed Consumer Credit and Payments Confer- ence (2015, 2017), NY Fed / NYU Conference on Financial Intermediation (2016). Associate editor: Journal of Empirical Finance (2016-). Referee: AEJ Macro, American Economic Review, Econometrica, Journal of Banking and Finance, Journal of Finance, Journal of Financial Economics, Journal of Mone- tary Economics, Journal of Political Economy, Journal of Public Economics, Man- agement Science, Quarterly Journal of Economics, Review of Corporate Finance Studies, Review of Financial Studies, Southern Economic Journal. 3.
Load more

Recommended publications
  • Insider's Guide: Fuqua School of Business
    presents mbaMission’s Insider’s Guide Fuqua School of Business Duke University Durham, NC 2017–2018 mbaMission can help you stand apart from the thousands of other MBA applicants! Your Partner in the MBA Admissions Process Our dedicated, full-time admissions advisors work one-on-one with business school candidates, helping them showcase their most compelling attributes and craft the strongest possible applications. World’s Leading Admissions Consulting Firm With more five-star reviews on GMAT Club than any other firm, we are recommended exclusively by both leading GMAT prep companies, Manhattan Prep and Kaplan GMAT. Free 30-Minute Consultation Visit www.mbamission.com/consult to schedule your complimentary half-hour session and start getting answers to your most pressing MBA application and admissions questions! We look forward to being your partner throughout the application process and beyond. mbamission.com [email protected] THE ONLY MUST-READ BUSINESS SCHOOL WEBSITE Oering more articles, series and videos on MBA programs and business schools than any other media outlet in the world, Poets&Quants has established a reputation for well-reported and highly-creative stories on the things that matter most to graduate business education prospects, students and alumnus. MBA Admissions Consultant Directory Specialized Master’s Directory Poets&Quants’ MBA Admissions Consultant Directory For graduate business degree seekers looking for a offers future applicants the opportunity specialization along with or apart from an MBA, to find a coach or consultant to assist in their Poets&Quants' Specialized Master's Directory helps candidacy into a top business school. Search by cost, you narrow your results by program type, location, experience, education, language and more.
    [Show full text]
  • Fuqua At-A-Glance
    FUQUA AT-A-GLANCE In its relatively short history, The Fuqua School of Business at Duke University in Durham, North Carolina, has established itself as one of the leading business schools in the world. With #1 ranked faculty according to Bloomberg Businessweek and renowned research centers, the school sits among top-ranked U.S. business schools. GLOBAL COMMITMENT To remain true to our mission and produce global leaders of consequence, we have rethought traditional geographic and intellectual boundaries in business education. OUR HISTORY The world we now live in is multi-centric, globally interdependent, and dynamic. In 1924 order to play our part in addressing tomorrow’s business challenges, we are becoming Duke University established the world’s first legitimately global business school, based in the economic and cultural 1969 hubs of world regions. These cities are in the countries that write their region’s rules and Duke chartered the set its cultural tone: Graduate School of Business • Dubai, United Arab Emirates Administration • London, United Kingdom 1980 • New Delhi, India The school was named in honor of J.B. Fuqua with his • Shanghai/Kunshan, China $10 million gift to the school • St. Petersburg, Russia 1984 This global expansion is supported by the interdisciplinary culture and resources of Weekend Executive MBA Duke University. program launched 1996 DEGREE PROGRAMS Global Executive MBA program launched Length 2000 Program Format Student Profile (months) Cross Continent MBA Full-time in Durham; cohort-based; program launched Avg. age: 29 Daytime MBA 22 2 certificate, 11 concentration & Avg. experience: 5 yrs 2008 5 joint degree options Launched initiative to Global residencies & distance become the world’s first Cross Continent Avg.
    [Show full text]
  • THE CHRONICLE Winter Break
    SPORTS Branding them with 1's Elton Brand was the men's basketball team's leading scoter in five of Duke's six wins over THE CHRONICLE winter break. SEE SPORTSWRAP, p. 3 THE INDEPENDENT DAILY OF DUKE UNIVERSI. TODAY IS MONDAY DoubleTake recruits donors, heads for Boston Because of next week's Martin • The $2.25 million con­ ginning for the magazine, whose Luther King, Jr. Day celebration, fate had been uncertain since the tributed by two donors will see University's Center for Docu­ classes normally held Mon., Jan. the highly acclaimed magazine mentary Studies withdrew fund­ 18, wili be held today, Wed., Jan. ing Dec. 31. 13. Wednesday-only classes will through at least a year and a The CDS created the magazine in 1995. Its unique blend of docu­ begin next week. half of publication. mentary photography and high- quality fiction and non-fiction quickly earned numerous awards After nearly a month of search­ including the National Magazine ing, Durham-based DoubleTake Award for General Excellence. But magazine has located two substan­ the cost of producing such a high- tial donors, who will permit the fi­ quality journal proved overwhelm­ nancially troubled magazine to ing for the Center, which could no continue publishing, albeit in a longer stomaeh the magazine's $3- million annual losses. Hint: Today, do new location. The nation's most anything you widely-circulated literary journal CDS funded the magazine would normally will move to Boston to be closer to through a $10-million grant from do on Monday. its editor Robert Coles, a Harvard the Tennessee-based Lyndhurst professor and psychiatrist.
    [Show full text]
  • General Information
    General Information 8 General Information Duke University In 1839 a group of citizens from Randolph and adjacent counties in North Carolina assembled in a log schoolhouse to organize support for a local academy founded a few months earlier by Brantley York. Prompted, they said, by “no small share of philanthropy and patriotism,” they espoused their belief that “ignorance and error are the banes not only of religious but also civil society which rear up an almost impregnable wall between man and happiness.” Union Institute, which they then founded, was reorganized first in 1851 as Normal College to train teachers, and eight years later as Trinity College, a liberal arts college, which later moved to the growing city of Durham, North Carolina. With the establishment of the James B. Duke Indenture of Trust in 1924, Trinity College became Duke University. Today, Duke is a two-campus institution with a student body of about 11,000, of whom 5,000 are enrolled in the graduate and professional programs. Established in 1969, The Fuqua School of Business joined the Schools of Medicine, Nursing, Law, Engineering, Divinity, and the Nicholas School of the Environment in preparing qualified individuals for professional leadership and developing excellence in education for the professions. The Campus. The main campus (West) of Duke University is a beautifully designed complex of buildings in Gothic architecture, bordered on the east by the Sarah P. Duke Gardens and on the west by the 8,000-acre Duke Forest. This campus is dominated by the Duke Chapel, whose 210-foot-high tower houses a 50-bell carillon.
    [Show full text]
  • Li Chen Samuel Curtis Johnson Graduate School of Management Cornell University 327 Sage Hall, Ithaca, NY 14853 (650) 218-3350 • [email protected]
    Li Chen Samuel Curtis Johnson Graduate School of Management Cornell University 327 Sage Hall, Ithaca, NY 14853 (650) 218-3350 • [email protected] PROFESSIONAL EXPERIENCE Academic Positions Samuel Curtis Johnson Graduate School of Management, Cornell University Professor 07/2021 – now Breazzano Family Term Professor of Management 07/2019 – now Associate Professor (tenured 2017) 07/2015 – 06/2021 The Fuqua School of Business, Duke University Associate Professor 07/2012 – 06/2015 Assistant Professor 07/2008 – 06/2012 Haas School of Business, University of California Visiting Scholar 11/2018 – 12/2018 Operations Research, Cornell Tech Visiting Scholar 09/2018 – 11/2018 Graduate School of Business, Stanford University Visiting Scholar 05/2015 – 08/2015 Industry Positions TrueDemand Software, Los Gatos, CA Cofounder and Lead Scientist 09/2004 – 03/2008 Walmart.com, Brisbane, CA Supply Chain Consultant 06/2004 – 09/2004 IBM Almaden Research Center, San Jose, CA Research Intern 09/2003 – 12/2003 IBM Watson Research Center, Yorktown Heights, NY Research Intern 06/2003 – 09/2003 Rockwell Semiconductor (Conexant) Systems, Newport Beach, CA Systems Engineer 04/1998 – 08/1999 EDUCATION Ph.D. Management Science and Engineering, Stanford University, June 2005 M.S. Electrical Engineering, University of California, Santa Barbara, December 1996 B.S. Engineering, Shanghai Jiao Tong University, July 1993 AWARDS AND HONORS Clifford H. Whitcomb Faculty Fellow 2016 Johnson School Teaching Honor Roll 2016, 2017 Third Place (2016), Second Place (2014), Third Place (2009), Best Paper Competition at CSAMSE Meritorious Service Award, Manufacturing & Service Operations Management 2010, 2015, 2017 Meritorious Service Award, Management Science 2013 Honorable Mention Award, M&SOM Student Paper Competition 2003 Stanford School of Engineering Fellowship 1999 Li Chen, 07/01/202107/01/2021, Page 1 of 6 JOURNAL PUBLICATIONS 1.
    [Show full text]
  • (Core MANAGEMT 545Q) Ethical & Legal Issues of Data Analytics
    MQM (Core MANAGEMT 545Q) Ethical & Legal Issues of Data Analytics: 2018 Spring Dansby: Section A @ M/Th 12:30-2:45pm, Section B @ M/Th 9-11:15am Faculty and Staff Professor: Salman Azhar, Ph.D. Office: W309 | E-mail: [email protected] | Phone: +1.408.806.3500 Google/Skype: dsazhar; Facebook Messenger: sazhar Office hours: M 4:30-6pm, Tu 4-4:30pm, and by appointment. I’m usually available without an appointment in the classroom right after my class on Mon & Thu 11:15- 11:45am and 2:45-3:15am. I’m available with an appointment, Mon to Fri 9am-5pm unless I’m teaching a class, in a meeting, or meditating. Faculty Academic Assistant: Emily Dysart Office: A322B | E-mail: [email protected] | Phone: +1.919.660.1927 Generally available M-F 9am-4pm There will be a few Teaching Assistants to provide feedback on your work under my direction. They have been trained in a similar course. Catalog Description This course provides an introduction to the legal, policy, and ethical implications of data. The course will examine legal, policy, and ethical issues that arise throughout the full lifecycle of data science from collection, to storage, processing, analysis and use, including, privacy, surveillance, security, classification, discrimination, decisional-autonomy, and duties to warn or act. Case studies will be used to explore these issues across various domains. Motivation Ideally, all of us would like data analytics to maximize our benefit from personalization without compromising any privacy. This course will provide frameworks to analyze this trade-off and other ethical and legal trade-offs related to data analytics.
    [Show full text]
  • Master of Management Studies: Duke Kunshan
    Master of Management Studies: Duke Kunshan The Master of Management Studies: Duke Kunshan University program offers an opportunity for a truly NO.1 global learning and networking experience, allowing business school in the US, you to start the program in the United States at ranked by Bloomberg Duke University in Durham, NC, and then finish at Businessweek in 2014 the Duke Kunshan University campus in Kunshan, The Fuqua School of Business at Duke China. University in Durham, North Carolina, has established itself as one of the leading Come and learn from the world-class faculty of Duke business schools in the world. It has a strong University’s renowned Fuqua School of Business, network of more than 21,000 alumni across and apply your new business skills and acumen to the world. real-life situations. You’ll earn an advanced degree from one of the world’s most respected educational institutions, and enjoy access to its global network QUICK FACTS of established alumni as you prepare to launch your Type: Full time own multinational career. Length: 10 months Degree: Duke University The MMS: Duke Kunshan program has prepared me for a career in international business, allowing Location: Duke University & Duke Kunshan University “me to experience first-hand both the American and Chinese business cultures. With a global Candidate: Recent graduates with less than two years of work point of view and exceptional academic training, experience; open to all I feel qualified to take my place in the world of academic backgrounds international business. Language: English Scholarship: Available Lucia Garcia, Class of 2015, Argentina Associate Consultant, Bain” & Company DEADLINES Given the competitive application pool, you are encouraged to apply in the earliest round.
    [Show full text]
  • Duke University Women's Soccer 2017 Media Guide
    DUKE UNIVERSITY WOMEN’S SOCCER 2017 MEDIA GUIDE MEDIA INFORMATION 2017 WOMEN’S SOCCER MEDIA GUIDE Table of Contents Duke Quick Facts Schedule .............................................................................................................. 3 Roster .................................................................................................................. 4 General Information Head Coach Robbie Church .............................................................................5-7 Location ........................................................................................... Durham, N.C. Robbie Church vs. Opponents .........................................................................8-9 Founded ............................................................................... 1838, Trinity College Other Coaching Staff .................................................................................... 10-11 Enrollment .................................................................................................... 6,495 The Support Staff .........................................................................................12-14 Nickname ............................................................................................. Blue Devils Meet the Blue Devils .....................................................................................15-32 Colors ....................................................................Duke Blue (PMS 287) & White 2016 Season Review ........................................................................................
    [Show full text]
  • Victor Manuel Bennett
    Victor Manuel Bennett Fuqua School of Business Marshall School of Business Duke University University of Southern California Strategy Area Dept. of Management & Organization 100 Fuqua Drive, Box 90120 3670 Trousdale Pkwy - BRI306 Durham, NC 27708 Los Angeles, CA 90089-0808 vmb10 (at) duke.edu vbennett (at) marshall.usc.edu ACADEMIC POSITIONS Duke University, Fuqua School of Business Durham, NC Visiting Assistant Professor of Strategy 2014-Present University of Southern California, Marshall School of Business Los Angeles, CA Assistant Professor of Management and Organizations 2010-Present EDUCATION University of California, Berkeley, Haas School of Business Berkeley, CA Ph.D. in Business Administration, Business and Public Policy (Committee: Steven Tadelis, Catherine Wolfram, Severin Borenstein, Joseph Farrell, Shachar Kariv) Stanford University Stanford, CA Bachelors with Honors (Thesis advisor: Kenneth Arrow) PUBLICATIONS • “Customer-Driven Misconduct: How Competition Corrupts Business Practices” with Lamar Pierce and Jason Snyder and Michael Toffel, Management Science, 2013, 59(8):1725-1742 o Management Science lead article August 2013 o Nominated for both Best Paper and Practice Implications Awards at SMS 2012 • “Organization and Bargaining: Sales Process Design at Auto Dealerships” Management Science, 2013, 59(9):2003-2018 o ISA-INFORMS Best Industry Study 2014 runner up • “Doing as They Would Do: How the Perceived Ethical Preferences of Third-Party Beneficiaries Impact Ethical Decision-Making” with Scott Wiltermuth and Lamar Pierce,
    [Show full text]
  • DUKE BASKETBALL | GAME NOTES Goduke.Com | @Dukembb | #Herecomesduke
    FIVE NATIONAL CHAMPIONSHIPS 1991 1992 2001 2010 2015 DUKE BASKETBALL | GAME NOTES GoDuke.com | @DukeMBB | #HereComesDuke » 2020-21 SCHEDULE | H: 2-2; A: 1-0; N: 0-0 » SATURDAY, JANUARY 2, 2021 | TUCKER CENTER | TALLAHASSEE, FLA. | 8 P.M. AP Rank Date Duke Opp Opponent TV Time/Result NOVEMBER (1-0) N 28 9 - COPPIN STATE ACCNX W 81-71 DECEMBER (2-2) GAME D 1 6 8 MICHIGAN STATE - 1 ESPN L 69-75 D 4 6 - BELLARMINE - 2 RSN W 76-54 D 8 10 6 ILLINOIS - 3 ESPN L 68-83 D 16 21 - at Notre Dame * ESPN W 75-65 6 D 29 20 - PITTSBURGH * ACCN ppd. FLORIDA STATE SEMINOLES VS. DUKE BLUE DEVILS JANUARY (0-0) J 2 20 18 at Florida State * ESPN2 8 p.m. 5-2 1-1 #18/19 3-2 1-0 #20/nr OVERALL ACC AP / COACHES RANK OVERALL ACC AP / COACHES RANK J 6 - - BOSTON COLLEGE * ACCN 8:30 p.m. J 9 - - WAKE FOREST * ACCN 12 p.m. J 12 - - at Virginia Tech * ESPN/2/U 7 p.m. Leonard Hamilton UT-MARTIN ‘71 Mike Krzyzewski ARMY ‘69 J 19 - - at Pittsburgh * ESPN 9 p.m. HEAD COACH HEAD COACH J 23 - - at Louisville * ESPN 4 p.m. J 26 - - GEORGIA TECH * ESPN 9 p.m. 565-433 .566 365-223 .621 1,160-352 .767 1,087-293 .788 CAREER (33rd YEAR) AT FSU (19th YEAR) CAREER (46th YEAR) AT DUKE (41st YEAR) J 30 - - CLEMSON * ESPN 12 p.m. FEBRUARY (0-0) F 1 - - at Miami * ESPN 7 p.m.
    [Show full text]
  • Duke University Fuqua School of Business
    Duke University Fuqua School of Business Spring 2014 Travel report Minshu Jia Table of Contents Introduction ................................................................................................................................................ 3 Preparations before departure .................................................................................................................... 3 Visa document ......................................................................................................................................... 3 Living in Durham .......................................................................................................................................... 4 Housing ................................................................................................................................................... 4 Transportation ......................................................................................................................................... 4 Phone operator: AT&T or T-Mobile .......................................................................................................... 5 Study in Fuqua ............................................................................................................................................. 5 Raising Capital ......................................................................................................................................... 5 Corporate Finance ..................................................................................................................................
    [Show full text]
  • Joy Tianjiao Tong
    Joy Tianjiao Tong Contact 1255 Western Road Mobile: (519) 808-5059 Information Ivey Business School E-mail: [email protected] Western University Website: https://sites.google.com/view/joytong London, ON, Canada, N6G 0N1 Employment Western University, Ivey Business School Assistant Professor of Finance, 2020-present Research Corporate Finance, Labor and Finance, Entrepreneurship, Innovation, Interests Health Economics Education Duke University, The Fuqua School of Business Ph.D in Finance, September 2020 - Dissertation Advisors: John Graham (Chair) Duke University M.A. in Economics (terminal degree), May 2014 University of Toronto B.S. in Mathematics and Economics, Highest Honors, May 2012 Working Papers Health Care Costs and Corporate Investment (Job Market Paper) 2020 Abstract: Health care costs for U.S. employers have tripled in the past twenty years. By constructing a novel dataset with firm-specific health care expenses, I show that firms adjust both capital expenditures and R&D expenses negatively in response to changes in health care costs. I estimate that a 1% increase in health care costs is associated with a 0.7% decrease in total investment on average. The effects are stronger for financially constrained firms, those employing high-skilled workers, and those working with fewer insurers. Additional tests confirm that hiring fewer workers and reducing wages do not offset rising health costs enough to counteract this lower investment channel. Overall, my findings suggest that rising health care costs limit firms’ ability to expand either physically or via innovation. Bankrupt Innovative Firms 2020 (with Song Ma and Wei Wang) Abstract: We analyze patent reallocation in the bankruptcy of innovative firms.
    [Show full text]