University of Southern California

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Mark Westerfield
Assistant Professor of Finance and Business Economics

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

Phone: 
213-740-8764
mwesterf@usc.edu
Education: 
PhD, MIT; BA, University of Chicago
Personal Website: 
http://www-bcf.usc.edu/~mwesterf/

Overview

Mark Westerfield specializes in the study of dynamic contracting and of heterogeneous agent interactions. His work has analyzed the impact of heterogeneous beliefs on market prices and on contracts, the incentive effects of hedge-fund compensation, and the interaction of monitoring and securitization of corporate assets. Professor Westerfield's research has been published in the Journal of Finance and Review of Financial Studies. He has won several awards for his research, including the Smith-Breeden Prize (2006), the CRA International Prize (2007), and the FAME Research Prize (2004). He currently teaches Business Finance in the undergraduate program.

Research

Disagreement and Learning in a Dynamic Contracting Model • 2009
High Water Marks: High Risk Appetites? Convex Compensation, Long Horizons, and Portfolio Choice • 2009
The Price Impact and Survival of Irrational Traders • 2006