Timothy C Johnson
Professor of Finance and Robert and Karen May Faculty Fellow
Education
Ph.D.
Finance,
University of Chicago,
1999.
MBA
International Business,
Columbia University,
1985.
M.S.
Operations Research,
Columbia University,
1985.
B.S.
Mathematics,
Massachusetts Institute of Technology,
1983.
Research Interests
Research
Journal Articles
"Inequality Risk Premia"
T. Johnson,
Journal of Monetary Economics,
(59)
6
565-580
2012.
"Market Liquidity and Flow-Driven Risk"
P. Deuskar,
T. Johnson,
Review of Financial Studies,
[WorkingPaper.pdf]
(24)
3
721-753
2011.
SSRN Abstract
"Endogenous Leverage and Expected Stock Returns"
T. Johnson,
T. Chebonenko,
I. Cunha,
F. D'Almeida,
X. Spencer,
Finance Research Letters,
(8)
3
132-145
2011.
SSRN Abstract
"More Insiders, More Insider Trading: Evidence from Private Equity Buyouts"
T. Johnson,
V. Acharya,
Journal of Financial Economics,
(98)
2010.
"Liquid Capital and Market Liquidity"
T. Johnson,
Economic Journal,
[WorkingPaper.pdf]
(119)
540
2009.
"Volume, Liquidity, and Liquidity Risk"
T. Johnson,
Journal of Financial Economics,
(87)
2
2008.
"Insider Trading in Credit Derivatives"
T. Johnson,
V. Acharya,
Journal of Financial Economics,
(84)
April,
1
110-141
2007.
"Optimal Learning and New Technology Bubbles"
T. Johnson,
Journal of Monetary Economics,
(54)
November,
8
2486-2511
2007.
"Dynamic Liquidity in Endowment Economies"
T. Johnson,
Journal of Financial Economics,
(80)
June,
3
531-562
2006.
"Unifying Underreaction Anomalies"
T. Johnson,
A. Jackson,
Journal of Business,
2006.
"Forecast Dispersion and the Cross-Section of Expected Returns"
T. Johnson,
Journal of Finance,
2004.
"Rational Momentum Effects"
T. Johnson,
Journal of Finance,
2002.
"Volatility, Momentum and Time-Varying Skewness in Foreign Exchange Returns"
T. Johnson,
Journal of Business and Economic Statistics,
2002.
"Return Dynamics when Persistence is Unobservable"
T. Johnson,
Mathematical Finance,
2001.
Working Papers
"Real Options and Risk Dynamics"
D. Hackbarth,
T. Johnson,
2012.
SSRN Abstract
"Systematic Volatility of Unpriced Earnings Shocks"
T. Johnson,
J. Lee,
2012.
"Operational Flexibility and Stock Returns"
2011.
"Commodity Dependence and Aggregate Risk"
T. Johnson,
2010.
Honors and Awards
Excellence in Graduate Teaching Award
, University of Illinois College of Business Alumni Association
, 2012
Ross Award for Best Paper, "Endogenous Leverage and Expected Stock Returns"
, Finance Research Letters
, 2012
Smith-Breeden Award -- nominated paper
, American Finance Association
, 2004
Smith-Breeden Award -- Distinguished Paper
, American Finance Association
, 2002