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Faculty

Finance and Business Economics

Full-time

Scott Abrams

Lecturer in Finance and Business Economics

MBA, University of Southern California; BA, UCLA

Scott Abrams specializes in corporate finance, portfolio management, financial analysis and valuation, and microeconomics. He teaches these subjects in both the graduate and undergraduate programs at USC Marshall. In addition, Professor Abrams is the co-instructor for the MBA and Undergraduate Student Investment Fund classes. He is the 2016 Golden Apple Teaching Award Winner for the Full-Time MBA Core Program. Professor Abrams received his MBA from USC Marshall and is an alumnus of the SIF Program (2004). Prior to joining the faculty at USC Marshall, he worked in corporate finance at Sony Pictures and Warner Bros. In addition, he is an alumnus of Deloitte and is a licensed CPA.

Kenneth Ahern

Associate Professor of Finance and Business Economics

Ph.D., M.A. University of California, Los Angeles, B.F.A. Tisch School of the Arts, New York University

Kenneth Ahern studies mergers, corporate governance, and the impact of psychology on economic outcomes. His research has been published in journals that include the <em>Quarterly Journal of Economics, Journal of Finance, and Journal of Financial Economics</em>, and has been cited in both the popular press and legislative hearings around the world. Before joining USC, he was on the faculty of the Ross School of Business at the University of Michigan.

Rahsan Akbulut

Academic Director of MS Finance and Assistant Professor of Clinical Finance and Business Economics

PhD, University of Southern California; BA, Koc University

Rahsan Akbulut research interests include macroeconomics, labor economics, and household and family economics. Her research was published in Macroeconomic Dynamics. Prior to re-joining USC, she was a visiting Assistant Professor at Pomona College for 3 years. She taught Microeconomics, Macroeconomics, and Applied Regression analysis. Before her academic career began, Professor Akbulut worked as a financial controller at Daimler AG. in Istanbul, Turkey.

Nimfa Bemis

Assistant Professor of Clinical Finance and Business Economics

Robert Bridges

Associate Professor of Clinical Finance and Business Economics

MRED, University of Southern California; BA, Reed College; B. Arch, Southern California Institute of Architecture

Robert Bridges specializes in real estate feasibility and urban economics. As a consultant, his clients include investment and development firms, and international and domestic investors. His editorials have been published in the Wall Street Journal, and has been cited by the Los Angeles Times and National Public Radio, among other outlets. Professor Bridges received USC's Steven Sample Award for Teaching and Marshall's Award for Community. He is a licensed architect who has received awards from the LA Business Council, the Ray Watt Foundation, the Concrete Reinforcing Steel Institute and the American Institute of Architects.

Duke Bristow

Associate Professor of Clinical Finance and Business Economics

PhD, UCLA; MBA, Indiana University; BS, Purdue University

Duke Bristow is an expert on corporate finance and corporate governance, particularly in the areas of private equity and director education. He has published papers in economics, engineering, and law journals, and has advised Corporate Board Member magazine and other publications on matters involving corporate governance and director education since 1998. His research and teaching has received support from the National Institutes of Health, the NASDAQ, the four largest international audit firms, and a dozen national law firms. Professor Bristow is a director of Landec Corporation (Nasdaq: LNDC) and is the Faculty Director of the USC Corporate Governance Summit.

Tyrone Callahan

Vice Dean for Undergraduate Programs & Professor of Clinical Finance and Business Economics

PhD Finance, MBA, UCLA; MS EE, UC- Berkeley; BS EE, University of Michigan

Ty Callahan is a finance scholar with interests that include the behavior of traders, market liquidity and volume, and mergers and acquisition. He has published papers in the Review of Futures Markets and the Journal of Physical Chemistry. Professor Callahan has served as an ad-hoc referee for the Journal of Finance, Journal of Financial Markets, Journal of Empirical Finance, and International Review of Finance. Before joining USC, he was on the faculty of the University of Texas at Austin.

Odilon Camara

Associate Professor of Finance and Business Economics

PhD, University of Illinois; MA, Universidade Catolica de Brasilia; BA, Universidade de Brasilia

Odilon Camara is an economist who specializes in microeconomics and political economy. He studies the extent to which voters can use re-elections to create political accountability and discipline elected officials. He also studies how individuals strategically use information to persuade decision makers. His research has been published in <em>American Economic Review</em>, <em>Review of Economic Studies</em>, <em>Journal of Economic Theory</em>, and <em>Games and Economic Behavior</em>. Before receiving his PhD, Professor Camara worked in the banking industry.

Tim Campbell

Professor of Finance and Business Economics

PhD, UC-Santa Barbara; BA, University of Redlands

Tim Campbell is an expert on financial intermediation. His research has been published in numerous leading journals including the <em>Journal of Finance</em>, <em>Quarterly Journal of Economics</em>, <em>Journal of Financial and Quantitative Analysis</em>, and <em>Journal of Financial Intermediation</em>. He served as associate editor of the <em>Journal of Finance</em>, <em>Journal of Financial Research</em>, and <em>Journal of Real Estate Finance and Economics</em>. He has been Academic Director of Marshall's highly ranked Executive MBA program since 2003, and previously served as Marshall's Deputy Dean for Programs and Planning.

Daniel Carvalho

Assistant Professor of Finance and Business Economics

PhD, MA, Harvard University; MS, BA, PUC-Rio

Daniel Carvalho is an economist who studies corporate finance, financial intermediation, and organizational economics. His researchfocuses on understanding how frictions at financial intermediaries matter for firms and the real economy. Some of his work has examined how government control over banks can lead to a substantial influence of political considerations over the real decisions of firms. Other work has examined how banking sector distress imposes costs on non-financial firms and has emphasized the importance of lending relationships between firms and their banks.

Tom Chang

Assistant Professor of Finance and Business Economics

PhD, BS, MIT

Tom Chang's research interests include industrial organization, behavioral economics, corporate finance and applied microeconomics. His current research focuses on better understanding individual decision making, and its implications for firm behavior. Professor Chang's current research is supported by grants from the George and Obie Schultz Fund, the Kauffman Foundation, the National Science Foundation and the USDA. His research has been covered by the <em>Associated Press</em> and featured in the <em>Huffington Post</em>, <em>Ignites/Financial Times</em>, <em>Freakonomics.com</em>, <em>The Los Angeles Times</em>, <em>NPR</em>, <em>CBC/Radio-Canada</em> and <em>The Washington Post</em>.

Baizhu Chen

Professor of Clinical Finance and Business Economics

PhD, MA, University of Rochester; BS, Fudan University

Baizhu Chen studies macroeconomics and international economics, with an emphasis on China. His work has been published in the Journal of Peace Research, European Journal of Political Economy, China Economic Review, Applied Financial Economics, Social Choice and Welfare, and Journal of Macroeconomics. He is Senior Researcher at the Institute of Finance and Banking at the Chinese Academy of Social Sciences, chief economist of Sino-Century Capital, a VC firm in Shanghai, and former president of the Chinese Economists Society. He is academic director for Marshall's GEMBA program, and a recipient of the Golden Apple Award.

James Cunningham

Associate Professor of Clinical Finance and Business Economics

PhD, MBA, MA, University of Chicago; BA, University of Notre Dame

Jim Cunningham is an economist who specializes in macroeconomics and public finance, and has conducted research on taxes, interest rates, and health economics, among other topics. He teaches in the undergraduate, full-time MBA, PM.MBA, and EMBA programs. In 2010, he received Marshall's Golden Apple award for MBA instruction, and the "Par for the Course" award from the San Diego EMBA program. In addition to his extensive teaching experience, Professor Cunningham has worked as a financial analyst and consulted extensively on antitrust issues.

Harry DeAngelo

Kenneth King Stonier Chair in Business Administration and Professor of Finance and Business Economics

PhD, BA, UCLA

Harry DeAngelo specializes in corporate finance, with a focus on payout policy, capital structure, and corporate governance. His work has been published in the <em>Journal of Financial Economics</em>, <em>Journal of Finance</em>, and <em>American Economic Review</em>, and he received the Jensen Prize for best corporate finance paper in the <em>Journal of Financial Economics</em> in 2004 and 2011. He served as Associate Editor for the <em>Journal of Financial Economics</em> and <em>Journal of Finance</em>, and as an American Finance Association director. Professor DeAngelo received a Golden Apple Award in 1999, and Business Week named him one of Marshall's two most popular teachers in 2000.

Seda Durguner

Assistant Professor of Clinical Finance and Business Economics

Ph.D., University of Illinois at Urbana-Champaign; MBA, Thunderbird School of Global Management; B.A., Koc University

Seda Durguner research interests are in the area of Banking and Financial Institutions, Corporate Finance, Household Finance, and Financial Economics. Before joining the Marshall School of Business, she was a Visiting Assistant Professor at Northeastern University in Boston and she was also a Visiting Scholar at the Federal Deposit Insurance Corporation in Washington DC. Professor Durguner presented several of her academic papers at governmental organizations such as U.S. Securities and Exchange Commission, Office of the Comptroller of Currency, FDIC, Bank of Canada, and also in national finance conferences. Professor Durguner also taught at the University of Illinois at Urbana-Champaign where she was recognized numerous times for her teaching. Her teaching portfolio includes microeconomics, managerial economics, corporate finance, and financial markets courses. Before her academic background, Professor Durguner worked several years as an analyst in the financial sector.

Sena Durguner

Assistant Professor of Clinical Finance and Business Economics

Ph.D., MBA, University of Illinois at Urbana-Champaign

Sena Durguner research interests are in the area of Banking and Financial Institutions, Corporate Finance, Small Business Finance, and Financial Economics. Before joining the Marshall School of Business, she was a Visiting Assistant Professor at Northeastern University in Boston and she was also a Visiting Scholar at the Federal Deposit Insurance Corporation in Washington DC. Professor Durguner presented several of her academic papers at governmental organizations such as Federal Reserve Board, Office of the Comptroller of Currency, FDIC, Bank of Canada, and also in national finance conferences. Professor Durguner also taught at the University of Illinois at Urbana-Champaign where she was recognized numerous times for her teaching. Her teaching portfolio includes microeconomics, economics statistics, and corporate finance courses. Before her academic background, Professor Durguner worked several years as an analyst in the financial sector.

Wayne Ferson

Ivadelle and Theodore Johnson Chair in Banking and Finance and Professor of Finance and Business Economics

PhD, MA, Stanford University; MBA, BS, Southern Methodist University

Wayne Ferson is a finance scholar who is regarded as a leading expert on asset pricing. His work has been published in <em>Journal of Finance</em>, <em>Journal of Financial Economics</em>, <em>Review of Economic Studies</em>, and <em>Journal of Political Economy</em>. Professor Ferson served as president of the Society of Financial Studies and Western Finance Association, and as editor of <em>Review of Financial Studies</em>. Before joining USC, he held appointments at Boston College, University of Washington, University of Chicago and University of Pennsylvania. He is the founding executive editor of a new journal, <em>Review of Asset Pricing Studies</em>.

Kevin Fields

Assistant Professor of Clinical Finance and Business Economics

JD, Chapman University; BS, University of Southern California

Kevin Fields teaches business law and real estate law to Marshall’s undergraduates. Professor Fields is a practicing attorney specializing in business litigation and representing clients in business and real estate transactions. He has tried real estate, employment and real estate business cases in state and federal courts and administrative forums. He is also a licensed California broker. In 2012 he received Gamma Sigma Alpha’s Professor of the Year Award. He is a co-author of <em>Contemporary Real Estate Law</em>, a real estate law textbook for undergraduate and graduate business schools scheduled for national release in 2013.

Kerry Fields

Professor of Clinical Finance and Business Economics

JD, Santa Clara University; BS, University of Southern California

Kerry Fields teaches business law, employment, and real estate law courses in the undergraduate and MBA programs. He has extensive experience in corporate law and business transactional matters. He is a frequent media commentator on business ethics issues. He has been recognized with several awards, including the Golden Apple Award, Evan C. Thompson Faculty Teaching and Learning Innovation Award, the USC Parents Association Teaching and Mentoring Award, and the Gamma Sigma Alpha Professor of the Year Award. He is a co-author of two leading university level textbooks,
<em>Contemporary Employment Law, Second Edition</em> (2013) Wolters, Kluwer and <em>Contemporary Real Estate Law</em> (2013), Wolters, Kluwer.

Cary Frydman

Assistant Professor of Finance and Business Economics

Ph.D., M.S. California Institute of Technology, B.A. Northwestern University

Cary Frydman is an economist whose research interests are in behavioral finance, neurofinance, and household finance. His work aims to better understand investor behavior and financial decision-making by combining empirical methods from neuroscience with theoretical concepts in finance and economics. His recent research has examined the cause of the disposition effect and the role that attention plays in buying and selling stocks.

Alex Gorbenko

Assistant Professor of Finance and Business Economics

Richard Green

Professor of Policy, Planning, and Development and Professor of Finance and Business Economics

PhD, MS, University of Wisconsin; AB, Harvard University

Richard Green is an expert on housing markets, housing policy, mortgage finance, and urban growth. His research has been published in a wide array of scholarly journals and popular media outlets, and he recently served as president of the American Real Estate and Urban Economics Association. Professor Green is director of the USC Lusk Center for Real Estate. Before joining USC, he was a faculty member at George Washington University and the University of Wisconsin, and he served as principal economist and director of financial strategy and policy analysis at Freddie Mac.

Yasushi Hamao

Associate Professor of Finance and Business Economics

PhD, MBA, Yale University

Yasushi Hamao is an expert on Japanese financial markets and institutions. His research has been published in the Journal Finance, Review of Financial Studies, Journal of Business, Journal of International Money and Finance, and Journal of the Japanese and International Economies. Professor Hamao is co-editor of Japan and the World Economy, and associate editor of the Journal of Empirical Finance, Journal of Financial Research, International Review of Finance, Asia-Pacific Financial Markets, and Pacific Basin Finance Journal.

Lawrence Harris

Fred V. Keenan Chair in Finance and Professor of Finance and Business Economics

PhD, University of Chicago; BA, UC-San Diego

Lawrence Harris is an expert in trading and investment management, with a focus on trading rules, transaction costs, index markets, and market regulation. His book, <em>Trading and Exchanges: Market Microstructure for Practitioners</em> (Oxford University Press), is widely regarded as a must-read for entrants into the securities industry. His research has been published in the Journal of Finance, Review of Financial Studies, and Journal of Financial Economics. He has served as Associate Editor of the Journal of Finance and Review of Financial Studies. From 2002 to 2004, Professor Harris was Chief Economist of the U.S. Securities and Exchange Commission.

Gerard Hoberg

Associate Professor of Finance and Business Economics

Ph.D., M.Phil., M.A., B.A., Yale University

Gerard Hoberg's research interests include corporate finance, industrial organization, mergers, payout policy and corporate liquidity, and empirical asset pricing. His recent work in IPOs examines the role of prospectus disclosure and the role of the underwriter in resolving IPO prices and mitigating litigation exposure. His work on product markets examines the role of competition in industry booms, merger decisions, product innovation, payout policy and conservatism, and how industries form. Much of Hoberg's work also uses methods in computational linguistics to examine theories relating to corporate disclosures in Finance and Accounting. For example, the text-based approach provides new insights on industry classifications, innovation, financial constraints, and fraud. Prior to earning his doctorate, Hoberg worked as a vice president at a quantitative transaction optimization firm. His teaching interests include corporate finance and corporate restructuring.

Fatemeh Ibrahimi-Nazarian

Academic Director of IBEAR MBA Program and Associate Professor of Clinical of Finance and Business Economics.

PhD, MA, University of Southern California; BA, Florida Atlantic University.

Fatemah Ibrahimi Nazarian is a financial economist who specializes in macroeconomics and corporate finance. She has conducted research on the effect of fluctuations in exchange rates and macroeconomic variables and policies on international stock markets. Her research has been published in Global Portfolio Diversification and International Review of Economics. Professor Nazarian has served as a research associate at the Center for Futures Research, as a research fellow at the Energy Modeling Center, and as CFO of an export company. Winner of the Golden Apple Teaching Award for Finance and Business Economics. Her current research involves risk and return to investment, and exchange rate exposure in emerging nations.

Ayse Imrohoroglu

Professor of Finance and Business Economics

PhD, University of Minnesota; BS, Middle East Technical University

Ayse Imrohoroglu is a macroeconomist who specializes in understanding business cycles, inflation, unemployment insurance, and social security. Her work has been published in the American Economic Review, Journal of Political Economy, Quarterly Journal of Economics, Review of Economic Studies, and Journal of Monetary Economics. She received a National Science Foundation grant in 1992 to investigate the effects of social security programs on economies with imperfect insurance. From 2004 to 2007, she was Chair of the Department of Finance and Business Economics.

Selahattin Imrohoroglu

Professor of Finance and Business Economics

PhD, University of Minnesota; MS, BS, Middle East Technical University

Selahattin Imrohoroglu is a macroeconomist who studies taxes, savings, and social security. His research has been published in the American Economic Review, Quarterly Journal of Economics, Review of Economic Studies, International Economic Review, Review of Economic Dynamics, Journal of Economic Dynamics and Control, Journal of Money, Credit, and Banking, and Economic Inquiry. He is Associate Editor of the Journal of Economic Dynamics and Control and a member of the American Economic Association, Econometric Society, and the Society for Economic Dynamics.

Nir Jaimovich

Professor of Finance and Business Economics

Nir Jaimovich is a macroeconomist who specializes in studying business
cycles and the dynamics of the labor market. He is an associate editor of
the Journal of the European Economic Association, the Review of Economics
Dynamics, the Journal of Monetary Economics, the Journal of Economic
Theory, and a Research Associate in the National Bureau of Economic
Research (NBER) Economic Fluctuations and Growth program. Before joining
USC, Professor Jaimovich was on the faculty at Duke University, Stanford
University, and University of California, San Diego.

Christopher Jones

Associate Professor of Finance and Business Economics

PhD, Wharton School, University of Pennsylvania; BA, Pomona Collage

Christopher Jones conducts research on empirical asset pricing and financial econometrics. He is an expert on volatility modeling and its application to option pricing and fixed income. He currently teaches courses on investment management. Prior to USC, Professor Jones was on the faculty at the University of Rochester.

Scott Joslin

Associate Professor of Finance and Business Economics

PhD, Stanford University; MS, Caltech; BS, Oklahoma State University

Scott Joslin is a financial economist whose research focuses on capital markets, in particular, the study of bond and options markets and their interaction with the macroeconomy. His research involves sophisticated econometric and statistical techniques, and development of methods to solve computationally difficult problems. Professor Joslin's work has been published in journals that include <em>American Economic Review</em> and <em>Review of Financial Studies</em>. Prior to joining USC, he was on the faculty of MIT's Sloan School of Management.

Chad Kendall

Assistant Professor of Finance and Business Economics

Ph.D., University of British Columbia; MA, BA.Sc., Simon Fraser University

Chad Kendall is an economist that specializes in financial economics and political economy. He is particularly interested in questions related to the acquisition and use of information in these domains. His work has been published in the <em>American Economic Review</em> and his current projects look at the ability of markets to aggregate information, both theoretically and experimentally. He previously worked as a semiconductor engineer.

Arthur Korteweg

Associate Professor of Finance and Business Economics

PhD, MBA, University of Chicago; Tilburg University MA

Arthur Korteweg is a financial economist whose research interests include corporate finance, private equity, and alternative assets more generally. His corporate finance work aims to quantify the costs and benefits of leverage and the determinants of corporate capital structures. In his private equity research, Arthur focuses on investment decisions in alternative asset classes such as venture capital, leveraged buyout, real estate, and art. Arthur’s work has been published in leading journals including the <em>Journal of Finance</em>, the <em>Journal of Financial Economics</em> and the <em>Review of Financial Studies</em>, and has been cited in the <em>Wall Street Journal, Financial Times, New York Times</em>, and <em>Forbes</em>, amongst others. Prior to joining Marshall in 2014, Arthur was an Associate Professor of Finance at Stanford's Graduate School of Business.

Suh-Pyng Ku

Vice Dean for Graduate Programs, Professor of Clinical Finance and Business Economics

PhD, University of Southern California

Suh-Pyng Ku's teaching and research specialties include corporate finance, portfolio management, and security valuation. Professor Ku is the instructor for the MBA and the Undergraduate Student Investment Fund classes. In addition, she serves as the Vice Dean for Graduate Programs and Director of the USC Marshall Center for Investment Studies. Previously, Professor Ku served as USC's vice provost and executive director of continuing education and summer programs. Prior to that, she served as USC's chief technology officer for enhanced learning, Associate Dean for Marshall MBA Program and Marshall's chief information officer. She is the 2014 Golden Apple Teaching Award Winner for the Full-Time MBA Core Program and a 2014 Steven B. Sample Teaching and Mentoring Award Nominee, USC Office for Parent Programs. Professor Ku received her Ph.D. degree in Finance from USC.

Yaron Levi

Assistant Professor of Finance and Business Economics

Lloyd Levitin

Professor of Clinical Finance and Business Economics

JD, University of San Francisco; MBA, University of Pennsylvania; BS, UC-Berkeley

Lloyd Levitin is an expert in utility diversification, having been Executive Vice President and Chief Financial Officer for Pacific Enterprises (now Sempra Energy), a Fortune 500 diversified energy utility. He has consulted for domestic and international companies, and for the state of California. Professor Levitin was on the board of the Financial Executives Institute and President of the Los Angeles Chapter. He has testified before the California Regulatory Commission and the Senate Finance Committee. Professor Levitin's articles have appeared in Hastings Law Journal and the American Gas Association magazine

Juhani Linnainmaa

Associate Professor of Finance and Business Economics

Anthony Marino

Chair of the Department of Finance and Business Economics & Professor of Finance and Business Economics

PhD, BA, UC-Santa Barbara

Tony Marino is an economist who specializes in organizational economics and the economics of regulation. He has published articles on dynamic macroeconomics, public utility regulation, conservation, product liability, safety regulation, managerial contracting, and organizational theory, in the <em>Review of Economic Studies</em>, <em>Journal of Law, Economics, and Organization</em>, <em>RAND Journal of Economics</em>, and <em>Review of Financial Studies</em>. Professor Marino served as Chair of the Department of Finance and Business Economics from 1997 to 2000. Before joining USC, he was a faculty member at the University of Kansas, and he has held visiting appointments at UC-Santa Barbara and Gothenburg University.

John Matsusaka

Charles F. Sexton Chair in American Enterprise, Professor of Finance and Business Economics, & Executive Director of Initiative and Referendum Institute

PhD, MA, University of Chicago; BA, University of Washington

John Matsusaka is an expert on direct democracy and corporate organization who publishes in economics, finance, law, and political science. He is the author of <em>For the Many or the Few: The Initiative, Public Policy, and American Democracy</em>. Professor Matsusaka provides commentary to media outlets including ABC News, CNN, Fox News, NPR, Wall Street Journal, New York Times, Washington Post, USA Today, and Los Angeles Times. He is executive director of the Initiative and Referendum Institute, held visiting appointments at Stanford, UCLA, Caltech, and University of Chicago, and consulted for the White House Council of Economic Advisors.

Kevin Murphy

Kenneth L. Trefftzs Chair in Finance and Professor of Finance and Business Economics

PhD, MA, University of Chicago; BA, UCLA

Kevin J. Murphy is an internationally known expert on executive compensation, and is the author of more than forty articles, cases, books, or book chapters relating to compensation and incentives in organizations. Results from his research on executive compensation have appeared in the popular, business and professional press. He is associate editor for the Journal of Financial Economics and Journal of Corporate Finance. From 2004 to 2007, he served as Vice Dean for Faculty and Academic Affairs at the Marshall School. Before joining USC, Professor Murphy was on the faculty of the University of Rochester and Harvard Business School.

Oguzhan Ozbas

Associate Professor of Finance and Business Economics

PhD, MIT; MS, Carnegie Mellon University; BS, Bogazici University

Oguzhan Ozbas studies corporate finance, corporate investment, internal capital allocation, organizational economics, and corporate governance. His research has been published in the <em>Journal of Finance</em>, <em>Journal of Financial Economics</em>, and <em>Review of Financial Studies</em>, has been profiled in the New York Times, Wall Street Journal, and cited in policy briefs for the U.S. Congress. His most recent research examines the effects of the financial crisis on investment by corporations. Prior to his doctoral studies, Professor Ozbas was a treasury associate at Ford Motor Company. At Marshall, he teaches finance classes at the undergraduate, MBA, and PhD level.

Julia Plotts

Associate Professor of Clinical Finance and Business Economics

MBA, University of Southern California; BA, Loyola Marymount University

Julia Plotts specializes in financial analysis and valuation, mergers and acquisitions, and corporate finance. She is the author of several valuation case studies and contributed to Valuation: The Art and Science of Corporate Investment Decisions. Professor Plotts has been teaching corporate finance and financial analysis and valuation in the EMBA, GEMBA, MBA.PM, IBEAR, and undergraduate programs since 2002. She has received the Golden Apple Award for Teaching Excellence eight times and the Evan C. Thompson Teaching & Learning Innovation Award for Teaching (2011) and Mentoring (2012) and the Dean’s Award for Community (2010). Prior to joining the faculty at USC, Plotts worked within the investment-banking group of Banc of America Securities LLC, where she was involved in the execution of mergers and acquisitions, leveraged buyout/recapitalization and capital raising via private/public offerings of equity and debt. She has consulted on shareholder value and corporate strategy for a variety of firms.

Vincenzo Quadrini

James McN. Stancill Chair in Business Administration, and Professor of Finance and Business Economics

PhD, University of Pennsylvania; MA, CORIPE Piemonte; BS, Ancona University

Vincenzo Quadrini is a macroeconomist who focuses on international economics, entrepreneurship, and financial contracts. His research has been published in the American Economic Review, Journal of Political Economy, Review of Economic Studies, and Journal of Monetary Economics. He is co-editor of Economic Inquiry, associate editor of the Review of Economic Dynamics, and a faculty research fellow at the National Bureau of Economic Research and the Center for Economic Policy Research. Before joining USC, Professor Quadrini was on the faculty at New York University, Duke University, and Pompeu Fabra University.

Joao Ramos

Assistant Professor of Finance and Business Economics

Sandra V. Rozo

Assistant Professor of Finance and Business Economics

PhD, MA UCLA; MA, BA Universidad de los Andes

Sandra V. Rozo is an economist who investigates the consequences of illegal behavior on economic development and the role of public interventions in preventing or addressing those consequences more efficiently. Her current projects study how endemic violence and crime affects agents’ decisions, market structures, local prices, institutions, and ultimately, welfare and inequality. Before receiving her PhD, Professor Rozo worked at the Inter-American Development Bank evaluating and designing development projects implemented in Latin America.

David Solomon

Assistant Professor of Finance and Business Economics

PhD, MBA, University of Chicago; BCom, University of Western Australia

David Solomon is a financial economist whose research interests include asset pricing, the role of media, behavioral finance and prediction markets. His paper, "Selective Publicity and Stock Prices" investigates the effect of public relations efforts on firm stock prices. Other areas of his research include written papers on betting contracts for NFL football games, the effect of lifestyle changes on electricity consumption, and options pricing.

Mick Swartz

Associate Professor of Clinical Finance and Business Economics

PhD, University of Iowa; BS, MA Western Michigan University

Mick Swartz is a financial economist whose research has been published in the Journal of Accounting, Auditing and Finance and Financial Review. In 1997, he won the ANBAR Award for a paper that is listed as among the top 150 business papers in the world. Professor Swartz has made over twenty presentations at finance conferences, has consulted the US Senate on derivatives legislation, appeared on CNN and NBC and appeared before state legislators concerning executive compensation and merger legislation. He has taught in many countries, including Ukraine, United Kingdom, Canada, Poland, and Germany. Before joining USC, Professor Swartz taught at Purdue University, where he was recognized as Distinguished Professor numerous times for his teaching.

Selale Tuzel

Associate Professor of Finance and Business Economics

PhD, UCLA; MBA, San Diego State University; BS, Bilkent Universiy

Selale Tuzel conducts research at the intersection of finance, real estate, and macroeconomics. Her work aims to integrate real estate into asset pricing both at the theoretical and the empirical front, and has been published in the Journal of Financial Economics and the Review of Financial Studies.

Yongxiang Wang

Associate Professor of Finance and Business Economics

PhD, Columbia University

Yongxiang Wang is a financial economist whose main work is about how corruption and politics affect resource allocation and efficiency. To this end, he has studied a range of prominent social, economic and political phenomena in China, including privatization, business groups, workplace safety, the death ceiling program, Sino-Japanese conflict, fellow selection at the China Academy of Science, air pollution, and the Sent-down Youth program during the Cultural Revolution. He has published in top economics, finance and strategy journals, including JPE, ReStud, AEJ: Applied, JLEO, RFS, JFE, Administrative Science Quarterly, and Management Science.

Mark Weinstein

Associate Professor of Finance and Business Economics

PhD, MBA, SB, University of Chicago; MSIA, Carnegie-Mellon University

Mark Weinstein's main research interests lie in the relation between law and finance and how this affects corporate governance. His research has appeared in, among others, <em>The Journal of Finance, The Journal of Financial Economics, The American Law and Economics Review</em>, and <em>The Journal of Legal Studies</em>. He is currently on the editorial board of the Pacific Basin Finance Journal, and previously served as Book Review Editor for the Journal of Finance. Professor Weinstein has been Secretary/Treasurer of the Society for Financial Studies since its founding in 1987. He has consulted with numerous firms and the U.S. Securities and Exchange Commission. Prof. Weinstein is also Associate Professor of Business and Law in the USC Gould School Law.

Yanhui Wu

Assistant Professor of Finance and Business Economics

PhD, MS, London School of Economics; BA, Zhongshan University

Yanhui Wu is an economist whose research focuses on the political economy of mass media in autocracies (particularly China), the application of big data analysis in economics and management, market and organizational design, and the formation and growth of knowledge-intensive firms. Prior to his doctoral study, Yanhui was a financial journalist in a leading Chinese newspaper. His research has published at top economics and management journals, including Review of Economics and Statistics, Economic Journal, Journal of Economic Perspectives, Management Science, and Organization Science.

Fernando Zapatero

Robert G. Kirby Chair in Behavioral Finance & Professor of Finance and Business Economics

PhD, Columbia University; BA, Comillas Pontifical University

Fernando Zapatero is a financial economist who studies problems in asset pricing and corporate finance, with an emphasis on mathematical and computational methods. His research has been published in the <em>Journal of Finance</em>,<em> Journal of Financial Economics</em>,<em> Review of Financial Studies</em>, <em>Econometrica</em>, <em>Journal of Economic Theory</em>, <em>Mathematical Finance</em>, and <em>Management Science</em>, and he coauthor of <em>Introduction to the Economics and Mathematics of Financial Markets</em> (MIT Press). He is an associate editor for <em>Annals of Finance</em>, <em>Journal of Economic Dynamics and Control</em>, <em>Mathematical Finance</em>, and <em>Mathematics and Financial Economics</em>. Before joining USC, Professor Zapatero served on the faculty of the University of Texas, UC-Berkeley, and ITAM.

Miao (Ben) Zhang

Assistant Professor of Finance and Business Economics

Emeriti

Guilford Babcock

Professor Emeritus of Finance and Business Economics

Henry Cheeseman

Professor Emeritus of Clinical Finance and Business Economics

JD, UCLA; MBA, University of Chicago; MBT, University of Southern California, BA, Marquette University

Henry Cheeseman is an expert of business law, securities law, bankruptcy law, and intellectual property. He has published over twenty books, including <em>Business Law</em>, <em>Contemporary Business and Online Commerce Law</em>, and <em>The Legal Environment of Business and E-Commerce</em>. Professor Cheeseman has received a number of prestigious teaching awards including three Golden Apple Awards and the teaching award from the Mortar Board National Honor Society. He is co-director of the Minor in Business Law program. Before joining USC, Cheeseman practiced law and represented clients in the formation and acquisition of savings banks.

Linda DeAngelo

Professor Emeritus of Finance and Business Economics and Kenneth King Stonier Chair in Business Administration

PhD, University of Washington; MS, University of Oregon; BM, University of Southern California

Linda DeAngelo specializes in corporate finance, and has studied corporate governance, voting rights, disclosure policy, accounting manipulation, and auditor independence. Her work has been published in the Journal of Finance, Journal of Financial Economics, Journal of Accounting and Economics, Journal of Accounting Research, and the Accounting Review. She received the Jensen Prize for best paper in corporate finance in the JFE in 2004. Professor DeAngelo served as Associate Editor of JAE and on the editorial board of TAR. She received a Golden Apple Award in 2002, and Business Week named her one of Marshall's two most popular professors in 2000.

Dennis Draper

Professor Emeritus of Finance and Business Economics

Richard Eastin

Professor Emeritus of Finance and Business Economics

PhD, BA, UC-Santa Barbara

Richard Eastin is a microeconomist whose research has been published in the Journal of Finance, Transportation Research, and Columbia Journal of World Business. He is two-time winner of the Golden Apple Award, and previously served as Associate Dean for Undergraduate Programs and Chair of the Department of Finance and Business Economics. Professor Eastin has consulted for a variety of organizations, including the U.S. Department of Transportation, Santa Fe Railways, and Lockheed.

Douglas Joines

Professor Emeritus of Finance and Business Economics

PhD, MBA, University of Chicago; AB, Duke University

Doug Joines is a macroeconomist who research has focused on taxes, deficits, and social security. His work has been published in the <em>American Economic Review</em>, <em>Quarterly Journal of Economics</em>, <em>Journal of Monetary Economics</em>, and <em>Journal of Business</em>. In 1992, the National Science Foundation awarded him a research grant to investigate the effect of social security programs. Professor Joines has held visiting appointments at the University of Tokyo, Claremont McKenna College, University of Rochester, and the Federal Reserve Bank of Kansas City. During 2007-2009, he served as Marshall's Vice Dean for Academic Programs.

Aris Protopapadakis

Associate Professor Emeritus of Finance and Business Economics

PhD, MBA, University of Chicago; BS, Lafayette College

Aris Protopapadakis conducts research in international finance and monetary theory and policy. His research has been published in the Journal of Finance, Journal of Financial Economics, Review of Financial Studies, American Economic Review, Journal of Political Economy, Journal of Business, and Journal of Monetary Economics. Prior to joining USC, Professor Protopapadakis served on the faculty of Claremont Graduate School and the Wharton School at the University of Pennsylvania, and was Vice President of the Federal Reserve Bank of Philadelphia.

Alan Shapiro

Professor Emeritus of Finance and Business Economics

PhD, Carnegie Mellon; BA, Rice University

Alan Shapiro is an expert on corporate and international financial management. He has published scholarly articles in the Journal of Finance, Review of Financial Studies, Harvard Business Review, and Management Science. His best-selling textbook Multinational Financial Management (Wiley & Sons) is used in most leading MBA programs around the world, and his Modern Corporate Finance (Macmillan) was cited by the Journal of Finance as the "standard reference volume in corporate finance." Professor Shapiro has served as a director and consultant for numerous firms and banks. Before joining USC in 1978, he was on the faculty at the Wharton School.

Randolph Westerfield

Charles B. Thornton Professor Emeritus of Finance and Professor of Finance and Business Economics

PhD, MA, BA, UCLA

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 - 2004.

Adjunct and Part-time

Eric Briggs

Adjunct Professor of Finance and Business Economics

Colin Campbell

Professor of Finance and Business Economics

PhD, UC-Santa Barbara; BA, University of Redlands

Tim Campbell is an expert on financial intermediation. His research has been published in numerous leading journals including the Journal of Finance, Quarterly Journal of Economics, Journal of Financial and Quantitative Analysis, and Journal of Financial Intermediation. He served as associate editor of the Journal of Finance, Journal of Financial Research, and Journal of Real Estate Finance and Economics. He has been Academic Director of Marshall's highly ranked Executive MBA program since 2003, and previously served as Marshall's Deputy Dean for Programs and Planning.

Mark Griffiths

Adjunct Professor of Finance and Business Economics

Lingwen Huang

Lecturer of Finance and Business Economics

Steve Moyer

Lecturer of Finance and Business Economics

Gordon Phillips

Visiting Research Professor

PhD, MA, Harvard University; BA, Northwestern University

Gordon Phillips specializes in mergers, firm organization, security issuance, and the impact of financial decisions on firms' strategic decisions. He is the C.V. Starr Foundation professor at Dartmouth in addition to his research role as a research professor at Marshall. He is a research associate at the National Bureau of Economic Research, is an associate editor at multiple finance journals, and has received multiple research grants from the National Science Foundation. Professor Phillips' presentations include a keynote address on PIPEs (private investment in public equity) to an audience of executives and finance professionals. Prior to joining USC, he was Bank of America professor at the University of Maryland. He also has been a visiting professor at Insead, MIT, and Duke University.

Stephen Silk

Adjunct Professor of Finance and Business Economics