Assistant Professor
Finance
About
Anastassia Fedyk is an Assistant Professor of finance at the Haas School of Business at UC Berkeley. Her research lies at the intersection of behavioral finance and innovation, with a specific emphasis on using big data techniques to understand firm news and valuations. She studies how information from financial news and individual employment records influences asset prices and explores the impact of firms’ investments in technology and skilled human capital. Anastassia holds a PhD in Business Economics from Harvard University and a BA in Mathematics with honors from Princeton University. Prior to pursuing her academic career, Anastassia Fedyk was a researcher and portfolio manager at Goldman Sachs Asset Management.
Expertise and Research Interests
- Behavioral Economics
- Empirical Asset Pricing
- Experimental Economics
- Labor and Finance
- When can the market identify old news? (opens in a new tab) (with James Hodson (opens in a new tab)) April 2023. Journal of Financial Economics, forthcoming.
- Finalist, 2019 Hillcrest Behavioral Finance Award
- Divesting under pressure: U.S. firms’ exit in response to Russia’s war against Ukraine. (opens in a new tab) (with Tetyana Balyuk (opens in a new tab)) March 2023. Journal of Comparative Economics, forthcoming. (Special issue on “Ukraine: war, resilience, and future developments”)
- Artificial intelligence, firm growth, and industry concentration. (opens in a new tab) (with Tania Babina (opens in a new tab), Alex He (opens in a new tab), and James Hodson (opens in a new tab)) January 2023. Journal of Financial Economics, accepted.
- Trading on talent: Human capital and firm performance. (opens in a new tab) (with James Hodson (opens in a new tab)) September 2022. Review of Finance, forthcoming.
- Best Paper on Long-Term Investments, 2018 Northern Finance Association
- Winner, 2017 Jack Treynor Prize from the Institute for Quantitative Research in Finance
- Second Place, 2017 PanAgora Asset Management Dr. Richard A. Crowell Memorial Prize
- Firm investments in artificial intelligence technologies and changes in workforce composition. (opens in a new tab) (with Tania Babina (opens in a new tab), Alex He (opens in a new tab), and James Hodson (opens in a new tab)) September 2022. NBER Volume on Technology, Productivity, and Economic Growth, forthcoming.
- Front page news: The effect of news positioning on financial markets. (opens in a new tab) April 2022. Journal of Finance, forthcoming.
- Best Paper Award, 2018 FMA Napa Conference on Financial Markets Research
- Best Ph.D. Paper Award, 2017 European Finance Association
- 2017 WFA Cubist Systematic Strategies PhD Candidate Award for Outstanding Research
- Finalist, 2016 Hillcrest Behavioral Finance Award
- Is artificial intelligence improving the audit process? (opens in a new tab) (with Tatiana Fedyk (opens in a new tab), James Hodson (opens in a new tab), and Natalya Khimich (opens in a new tab)) 2022. Review of Accounting Studies, 27: 938-985. (Presented at the 2021 RAST Conference).
- Disagreement after news: Gradual information diffusion or differences of opinion? (opens in a new tab) 2021. Review of Asset Pricing Studies, 11(3): 465-501. Editor’s Choice. Internet Appendix (opens in a new tab)
- Review of Asset Pricing Studies Rising Scholar Award, 2022
- Best Paper on Market Microstructure, 2019 Northern Finance Association
- Also circulated under the title of “News-Driven Trading: Who Reads the News and When?”
- Do consulting services affect audit quality? Evidence from the workforce (opens in a new tab) (with Tatiana Fedyk (opens in a new tab), James Hodson (opens in a new tab), and Natalya Khimich (opens in a new tab)) January 2023. Revise and Resubmit, The Accounting Review.
- Asymmetric naïveté: Beliefs about self-control. (opens in a new tab) October 2022. Internet Appendix (opens in a new tab). Revise and Resubmit (2nd round), Management Science.
- Winner, Carlsberg Foundation Special Prize for Young Scholar at the 2018 NCBEE
- Lehman’s lemons: Do career disruptions matter for the top 5%? (opens in a new tab) (with James Hodson (opens in a new tab)) January 2022.
- Managerial structure and performance-induced trading. (opens in a new tab) (with Saurin Patel (opens in a new tab) and Sergei Sarkissian (opens in a new tab)) January 2022.
At Haas since 2018
2018 – present, Assistant Professor, Haas Finance Group
Hillcrest Behavioral Finance Award, Finalist
Paper: When Can the Market Identify Stale News?
2019
Northern Finance Association, Best Paper on Market Microstructure
Paper: Disagreement after News: Gradual Information Diffusion or Differences of Opinion?
2019
Carlsberg Foundation Special Prize for Young Scholar at the NCBEE, Winner
Paper: Asymmetric Naivete: Beliefs about Self-Control
2018
Northern Finance Association, Best Paper on Long-Term Investments
Paper: Trading on Talent: Human Capital and Firm Performance
2018
FMA Napa Conference, Best Paper Award
Paper: Front Page News: The Effect of News Positioning on Financial Markets
2018
Jack Treynor Prize from the Institute for Quantitative Research in Finance
Paper: Trading on Talent: Human Capital and Firm Performance
2017
European Finance Association, Best Ph.D. Paper Award
Paper: Front Page News: The Effect of News Positioning on Financial Markets
2017
PanAgora Asset Management Dr. Richard A. Crowell Memorial Prize, 2nd place
Paper: Trading on Talent: Human Capital and Firm Performance
2017
WFA Cubist Systematic Strategies PhD Candidate Award for Outstanding Research
2017
Hillcrest Behavioral Finance Award, Finalist
Paper: Front Page News: The Effect of News Positioning on Financial Markets
2016
World Finance Conference, Top 3 Best Paper Award
Paper: News Consumption: From Information to Returns
2016
- FLASHPOINT UKRAINE: Chernihiv pounded as Russian attacks continue (opens in a new tab), Voice of America, 03/31/2022
- Biden pledges drones, anti-aircraft systems to Ukraine’s President in Russia war (opens in a new tab), FOX KTVU, 03/17/2022
- Stop imagining Putin’s overthrow. Fantasies won’t help Ukraine. (opens in a new tab), The Washington Post, 03/16/2022
- The Stock Market Is Still Weird From GameStop (opens in a new tab), Slate, 08/12/2021
- How Do Career Disruptions Affect Elite White-Collar Workers? (opens in a new tab), Forbes, 07/22/2021
- The economic ROI of automation (opens in a new tab), Workflow, 03/20/2021
- GameStop stocks are the internet’s main character this week (opens in a new tab), Bustle, 01/28/2021
- All the ways the GameStop roller coaster could end (opens in a new tab), Slate, 01/27/2021
- Automation, covid and the future of work (opens in a new tab), Forbes, 10/16/2020
- Investing in AI boosts firm growth—and increases market dominance, study finds, Berkeley Haas News, 10/13/2020
- Introduction to Finance (core), MBA-203 & EWMBA-203