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Joshua M Pollet

Associate Professor of Finance and Seass Faculty Fellow

Educational Background

Ph.D., Economics, Harvard University, 2004
B.A., Magna Cum Laude, Economics, Emory University, 1998

Positions Held

Associate Professor, University of Illinois, 2012-2016
Associate Professor, Michigan State University, 2009-2012
Assistant Professor, Emory University, 2008-2009
Assistant Professor, University of Illinois, 2004-2008

Recent Publications

Hilscher, J., Pollet, J., Wilson, M. 2015. Are credit default swaps a sideshow? Evidence that information flows from equity to CDS markets. Journal of Financial and Quantitative Analysis, 50: 543-567

Jegadeesh, N., Roman, K., Pollet, J. 2015. Risk and Expected Returns of Private Equity Investments: Evidence Based on Market Prices. Review of Financial Studies, 28: 3269-3302

DellaVigna, S., Pollet, J. 2013. Capital Budgeting vs. Market Timing: An Evaluation Using Demographics. Journal of Finance, 68: 237-270

Honors and Awards

Best Professor in Core Courses, Department of Finance, 2017

Teaching and Research Interests

The dominant component of Pollet's research program analyzes the reaction of stock prices and derivatives prices to various types of information. Because the behavior of corporate managers is affected by stock prices, the response of stock prices to information may also influence management decisions. In particular, this research theme examines the relation between investor inattention and stock prices as well as the relation between investor inattention and the decisions of corporate managers. Although investor inattention is the primary focus, Pollet's research is also comprised of several projects investigating other topics, including the trade-off between aggregate risk and expected return, the link between price impact (liquidity constraints) and the investment decisions of mutual fund managers, and the decision of mutual fund managers to join hedge funds.