Ricardo Delao is an Assistant Professor of Finance and Business Economics at the USC Marshall School of Business, where he has been a faculty member since 2020. His research examines the role of beliefs in asset pricing and the macroeconomic implications of shareholder payout policies. His work has appeared in the Journal of Finance, the Review of Financial Studies, and the Journal of Financial Economics. His broader research interests include behavioral finance, empirical asset pricing, fiscal sustainability, firm dynamics, and macroeconomics.
Before joining USC, Ricardo earned a Ph.D. in Economics from Stanford University. He also worked in wealth management and the oil services industry, experiences that enrich his academic perspective.
INSIGHT + ANALYSIS
Cited: Ricardo Delao and Wenhao Li in Financial Times
Li and Delao’s research surveys bond investors, ordinary voters, and economic or finance graduates about their impressions of the U.S. debt situation and an impending crisis.
Cited: Ricardo De la O in Fair Observer
The Fair Observer cites research co-authored by De la O, which identified two forecasts as the benchmarks to adjust for biases across all macroeconomic forecasts.
Quoted: Ricardo De la O in Bankrate
DE LA O, assistant professor of finance and business economics, explains to Bankrate that a growing U.S. economy and strong economic data prime the Fed's policy of holding steady on interest rates.
NEWS + EVENTS
Assistant Professor Research Day Highlights Faculty Research in AI, Entrepreneurial Impact, and Supply Chain Efficiency
Professors presented pathbreaking research that spanned disciplines and offered cutting edge solutions to modern problems.
Marshall Faculty Publications, Awards, and Honors: March 2025
We are proud to highlight the many accomplishments of Marshall’s exceptional faculty recognized for recently accepted and published research and achievements in their field.
Marshall Faculty Publications, Awards, and Honors: December 2023/January 2024
We are thrilled to congratulate our faculty on new promotions and recently accepted and published research.
COURSES
