Professor | The Paul H. Stephens Chair in Applied Investment Analysis | Director, PhD Program
Finance
Expertise and Research Interests
- Economics
- Risk Management
- Finance
- Nicolae Gârleanu and Lasse Heje Pedersen. Efficiently Inefficient Markets for Assets and Asset Management. Journal of Finance.
2018 - Nicolae Gârleanu and Lasse Heje Pedersen. Dynamic Portfolio Choice with Frictions. Journal of Economic Theory.
2016 - Nicolae Gârleanu, Stavros Panageas, and Jianfeng Yu. Financial Entanglement: A Theory of Incomplete Integration, Leverage, Crashes, and Contagion. American Economic Review.
2015 - Nicolae Gârleanu and Stavros Panageas. Young, Old, Conservative, and Bold: The Implications of Heterogeneity and Finite Lives for Asset Pricing. Journal of Political Economy.
2015 - Nicolae Gârleanu and Lasse Heje Pedersen. Dynamic Trading with Predictable Returns and Transaction Costs. Journal of Finance.
2013 - Nicolae Gârleanu, Leonid Kogan, and Stavros Panageas. Displacement Risk and Asset Returns. Journal of Financial Economics.
2012 - Nicolae Gârleanu and Lasse Heje Pedersen. Liquidity and Risk Management. American Economic Review Papers and Proceedings.
2007 - Nicolae Gârleanu, Darrell Duffie and Lasse Heje Pedersen. Valuation in Over-the-Counter Markets. Review of Financial Studies.
2006 - Nicolae Gârleanu and Jeffrey Zwiebel. Design and Renegotiation of Debt Covenants. Review of Financial Studies.
2006 - Nicolae Gârleanu, Darrell Duffie and Lasse Heje Pedersen. Over-the-Counter Markets. Econometrica.
2005 - Nicolae Gârleanu and Lasse Heje Pedersen. Adverse Selection and the Required Return. Review of Financial Studies.
2003 - Nicolae Gârleanu, Darrell Duffie, and Lasse Heje Pedersen. Securities Lending, Shorting, and Pricing. Journal of Financial Economics.
2002
At Haas since 2007
2011 – present, The Paul H. Stephens Chair in Applied Investment Analysis
2009 – present, Associate Professor, Haas School of Business
2007 – 2009, Assistant Professor, Haas School of Business
2003 – 2007, Assistant Professor of Finance, University of Pennsylvania
2002 – 2003, Assistant Professor of Finance, INSEAD
Visiting Positions
2010, University of Melbourne, Visiting Associate Professor of Finance
2008, University of Tokyo, Visiting Professor of Finance
- Faculty Research Fellow, National Bureau of Economic Research
- Research Affiliate, Centre for Economic Policy Research
Smith Breeden Prize, 2012
Best paper published in the Journal of Finance in an area other than corporate finance
“Technological Growth and Asset Prices”
Michael Brennan Award, 2012
Best paper in The Review of Financial Studies
“Margin-Based Asset Pricing and the Law of One Price”
AIM Investment Center Best Paper Award, 2016
“Efficiently Inefficient Markets for Assets and Asset Management”
Cheit Award for Excellence in Teaching, PhD Program
2012
Utah Winter Finance Conference Best Paper Award, 2011
“Displacement Risk and Asset Returns”