David Hirshleifer

Ralph M. Kurtz Chair in Finance

E-mail: hirshleifer.2@osu.edu

Phone:   (614) 292-5174
             (614) 292-8202
Fax:       (614) 292-2418

Department of Finance
The Ohio State University
740A Fisher Hall
2100 Neil Avenue
Columbus, OH 43210

Biography

Professor Hirshleifer is an expert on various aspects of corporate finance and investments. His recent research emphasizes psychology in firms and markets, including such issues as how to measure stock market inefficiency, how mood and emotions affects stock prices, the design of trading strategies to exploit stock market mispricing, corporate financial and investment policy when stocks are mispriced, limited investor attention and the use of financial information, and the effects of managerial decision biases. He has also studied hidden information and stock returns, estimating value effects of takeovers, the sources of imitation and fads, strategies for bidder and target firms in takeover contests, risk management and determinants of futures prices, and security analysis policies and investor trading styles.

His research has been published extensively in top finance and economics journals. His papers have received a number of research awards, including the 1999 Smith-Breeden Award for outstanding paper in the Journal of Finance for the paper “Investor Psychology and Security Market Under- and Over-  Reactions.” His research findings have also been disseminated widely in business and popular media outlets. He has served as editor of the Review of Financial Studies, and as associate editor or co-editor of several journals in finance, economics and corporate strategy.

He has taught MBA, PhD and executive students, has presented his research at numerous seminars and conferences for academics and financial managers, and consults for corporations and financial firms. Before joining Fisher College, Hirshleifer taught at the Anderson School at UCLA and held the Waterman Chair at the University of Michigan Business School.