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Randolph Westerfield
Charles B. Thornton Professor of Finance and Professor of Finance and Business Economics

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

Phone: 
213-740-6413
rwesterfield@marshall.usc.edu
Education: 
PhD, MA, BA, UCLA

Overview

Randolph Westerfield specializes in corporate finance. He is the author of more than 30 scholarly articles as well as four leading textbooks, Corporate Finance: Core Principles and Applications, Essentials of Corporate Finance, Fundamentals of Corporate Finance, and Corporate Finance. He chaired the Finance Department at the Wharton School of the University of Pennsylvania, chaired Marshall's Department of Finance and Business Economics, and was Dean of the Marshall School from 1993 to 2004.

Research

Corporate Finance • 2013
Fundamentals of Corporate Finance • 2013
Corporate Finance • 2011
Corporate Finance • 2010
Fundamentals of Corporate Finance • 2010
Corporate Finance: Core Principles and Applications, 2nd Edition • 2009
Essentials of Corporate Finance • 2008
Corporate Finance: Core Principles and Applications • 2007
Ownership, Agency Costs and Dividend Payout • 2002
A Twist on the Monday Effect in Stock Prices • 1989
Is There a Monthly Effect in Stock Market Returns? Evidence from Foreign Countries • 1989
Earnings Yields, Market Values and Stock Returns • 1989
Pension Plan Funding Decisions and Corporate Shareholder Value: A New Model and Some Empirical Results • 1988
Risk and the Optimal Debt Level • 1986
The Week-End Effect in Common Stock Returns: The International Evidence • 1985
Patterns in Japanese Common Stock Returns: Day of Week and Turn of the Year Effects • 1985
Leverage and the Value of the Firm under a Progressive Income Tax: A Correction and Extension • 1984
Social Investing: Some Capital Market Theory Perspectives • 1984
Patterns of Concentration in Private Pension Plan Common Stock Portfolios Since ERISA • 1981
Risk and Capital Asset Prices • 1981
Co-Skewness and Capital Asset Pricing • 1980
Effect of ERISA on the Investment Policies of Private Pension Plans: Survey Evidence • 1980
Impediments to Capital Formation • 1980
Clarifying Comments on Uncertainty Resolution and Multi-Period Investment Decision • 1978
New Evidence on the Capital Asset Pricing Model • 1978
The Distribution of Common Stock Price Changes: An Application of Transactions Time and Subordinated Stochastic Models • 1977
The Resolution of Uncertainty and the Multi-Period Investment Decision • 1976
How Diversification Affects Risk: Some Empirical Evidence • 1976
Required Disclosure and the Stock Market: Comment • 1975
Required Disclosure and the Stock Market: Comment • 1975
Using the Capital Asset Pricing Model and the Market Model to Predict Security Returns • 1974
A Model of Capital Asset Risk • 1972
Problem with Probability Distribution Techniques in Capital Budgeting • 1972
A Note on the Measurement of Conglomerate Diversification • 1970