Lubomir Litov

Assistant Professor of Finance

Areas of Expertise:

Corporate Finance; Corporate Governance; Finance/Investments - Corporate Finance; Finance/Investments - International Finance; Finance/Investments - Mergers and Acquisitions

Research interests:

Professor Litov's areas of expertise include corporate finance, corporate governance, international corporate finance, and behavioral corporate finance. His current research focuses on the impact of managerial agency costs on corporate investment and financing policy decisions. He also has studied the causes of market manipulation, the performance evaluation of mutual fund managers, and the impact of bondholder vs. equity-holder conflicts on the nature of corporate mergers and acquisitions.

Selected Publications:

• "Large Investors, Price Manipulation, and Market Breakdown - An Anatomy of Market Corners," Review of Finance, Issue 63, 645-693, with F. Allen, and J. Mei, 2006
• "Corporate Governance and Managerial Risk Taking," Journal of Finance, Issue 63, 1679-1728, with K. John, and B. Yeung, 2008
• "Can Mutual Fund Managers Pick Stocks? Evidence From Their Trades Prior to Earnings Announcements," Journal of Financial and Quantitative analysis, Forthcoming
• "Earnings Persistence," Journal of Accounting and Economics, with R. Frankel, Forthcoming

Academic/professional activities:

Ad-hoc referee: American Economic Review, Journal of Finance, Review of Financial Studies, Journal of Financial Economics, Journal of Banking and Finance, Journal of Financial Intermediation, Journal of Financial Research, European Financial Management,
Member: American Finance Association, the Society of Financial Studies, the Western Finance Association, and the American Economic Association
Journal of Derivatives, Eastern Economic Journal, Research in Economics, International Journal of Industrial Organization

Awards/honors:

Glucksman Award for Best Working Paper in Finance, 2005
Dean's Commendation for Excellence in Teaching, New York University, 2004
Paul Willensky Fellowship, New York University, 2004
Benjamin Levy Fellowship, New York University, 2003
Derivatives Research Project Fellowship, New York University, 2002
Nuffic Fellowship, Erasmus University Rotterdam, 1996
Eshkenazi Scholarship for Academic Excellence, 1994-1997

Personal interests:

Professor Litov enjoys traveling, reading, and spending time with his family.