University of Southern California

Arthur Korteweg
Assistant Professor of Finance and Business Economics

USC Marshall School of Business
Los Angeles, CA 90089-0808

Phone: 
213-740-0567
Education: 
PhD, MBA, University of Chicago; Tilburg University MA

Overview

Arthur Korteweg is a financial economist whose research interests include corporate finance and private equity, as well as alternative assets more generally. In his corporate finance work, Arthur has quantified the benefits and costs of leverage for publicly traded corporations, their target capital structures, and the thresholds at which they decide to refinance. His research in private equity and alternative assets includes topics such as the risk and return trade-off to investing in venture capital funds and entrepreneurial firms, the evolution of loan-to-value distributions and home price indices of residential real estate during the recent subprime crisis, and investors’ optimal portfolio allocations to art. In current work he studies the degree of return persistence in venture capital and leveraged buyout funds.
Arthur’s work has been published in journals including the Journal of Finance and the Review of Financial Studies, and has been cited in the Wall Street Journal, the New York Times, and Forbes, amongst others. Prior to joining Marshall in 2014, Arthur was an Associate Professor of Finance at Stanford's Graduate School of Business.