 |
Mark M. Westerfield Assistant Professor Finance and Business Economics Department Marshall School of Business University of Southern California
Office Hoffman Hall 511 Telephone: (213)740-8764 Email: mwesterf@usc.edu Mailing Address Bridge Hall 308, MC-0804 3670 Trousdale Parkway Los Angeles, CA 90089-0804 |
Research
Published Papers
The Price Impact and Survival of Irrational Traders with Leonid Kogan, Stephen Ross, and Jiang Wang.
Journal of Finance 61(1), February 2006: 195-229.
Winner of the Financial Asset Management and Engineering (FAME) Research Prize for 2004
Winner of the Smith-Breeden Prize for 2006 (First Place)
High Water Marks: High Risk Appetites? Convex Compensation, Long Horizons, and Portfolio Choice with Stavros Panageas.
Journal of Finance 64(1), February 2009: 1-36.
Lead Article
Disagreement and Learning in a Dynamic Contracting Model with Tobias Adrian.
Review of Financial Studies 22(10), October 2009: 3839-3871.
Winner of the CRA International Prize for 2007 (Awarded Best Corporate Finance Paper by the Western Finance Association)
Completed Working Papers
Market Selection with Leonid Kogan, Stephen Ross, and Jiang Wang.
Optimal Financing in the Presence of Monitoring: Debt Contracts and Recapitalizations in Distress with Tomasz Piskorski.
Market Composition and Equity Market Formation.
Optimal Dynamic Contracts with Hidden Actions in Continuous Time.
Work in Progress
The Size and Specialization of Direct Investment Portfolios with Yael Hochberg
Portfolio Choice with Illiquid Assets with Andrew Ang
Jump Risk and Incentive Compatibility with Tobias Adrian and Hyun Song Shin
Insurance within Firms with Dayanand Manoli
Teaching
BUAD 306, Introduction to Business Finance, 3 sections.
Updated October 1, 2009