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Scott Weisbenner

Professor of Finance and Karnes Professorship


Educational Background

Ph.D., Economics, Massachusetts Institute of Technology, 1999
B.A., Economics and Mathematics, University of Wisconsin at Madison, 1995

Positions Held

William G. Karnes Professor of Finance, University of Illinois, 2016 to present
Research Associate, National Bureau of Economic Research (NBER), 2009 to present
Associate Editor, Management Science, 2014-2017
Editor, Journal of Pension Economics and Finance, 2010-2013
Professor of Finance, University of Illinois, 2011-2016
James F. Towey Faculty Fellow, University of Illinois, 2009-2016
Associate Professor of Finance, University of Illinois, 2007-2011
Visiting Professor of Finance, Nanyang Technological University, 2010
Associate Editor for special issue on behavioral economics and finance, Management Science, 2010
A.J. Pasant Professor of Finance, Michigan State University, 2009
Visiting Professor of Finance, City University of Hong Kong, 2009
Visiting Professor of Finance, Massey University, 2009
Julian Simon Memorial Faculty Fellow, University of Illinois, 2007-2009
Faculty Research Fellow, National Bureau of Economic Research (NBER), 2002-2009
Assistant Professor of Finance, University of Illinois, 2000-2007
Economist, Federal Reserve Board of Governors, 1999-2000

Recent Publications

Dimmock, S., Gerken, W., Ivkovich, Z., Weisbenner, S. 2018. Capital Gains Lock-In and Governance Choices. Journal of Financial Economics, 127: 113-135

Brown, J. , Farrell, A., Weisbenner, S. 2016. Decision-Making Approaches and the Propensity to Default: Evidence and Implications. Journal of Financial Economics, 121: 477-495

Brown, J. , Dimmock, S., Weisbenner, S. 2015. The Supply and Demand for Charitable Donations to Higher Education.. In Jeffrey R. Brown and Caroline M. Hoxby (Ed.), How the Financial Crisis and Great Recession Affected Higher Education, 151-174. Chicago, IL: University of Chicago Press.

Honors and Awards

William G. Karnes Professor of Finance, University of Illinois, 2016 to present

Nominated by the College of Business for the Campus Excellence in Graduate and Professional Teaching Award, 2010, 2011, 2016, 2017, 2018

Research Associate, National Bureau of Economic Research (NBER), 2009 to present

Selected to List of Teachers Rated as Excellent, University of Illinois, 2002 to present

Received the highest Coursera-user ratings of any MOOC (Massive Open Online Course) offered by the College of Business for my courses Investments I and II, 2017

Associate Editor, Management Science, 2014-2017

Received the first and second highest Coursera-user ratings of any MOOC (Massive Open Online Course) offered by the College of Business for my courses Investments II and I, respectively, 2016

Received highest Coursera-user ratings of any MOOC (Massive Open Online Course) offered by the University of Illinois, 2015, 2016

James F. Towey Faculty Fellow, University of Illinois, 2009-2016

Selected the Professor of the Year in the Full-Time MBA Program, 2014

Best Paper Award from the Finance Down Under: Building on the Best from the Cellars of Finance conference, 2014

Selected to List of Teachers Rated as Outstanding (awarded to top 10% of teachers), University of Illinois, 2014

Service Activities

Ad Hoc Reviewer, AEJ: Policy, AER, Economic Letters, Finance Research Letters, Financial Management, JHR, JF, JFE, JFI, JFQA, JLE, JPubE, Management Science, NTJ, QJE, Research Grants Council of Hong Kong, REStat, RFS, 2000-present
Discussant, University of Kentucky Finance Conference, 2017
Associate Editor, Management Scicence, 2014-2017
Discussant, Society of Financial Studies (SFS) Cavalcade, 2016
Presenter, Shanghai Advanced Institute of Finance (SAIF), Annual Conference on Corporate Finance - Olin Business School, Invited Seminars and Conference Presentations, 2016
Conference Program Committee, Texas AIM Investor Conference, 2016
Conference Program Committee, Miami Behavioral Finance Conference, 2010-2016
Conference Program Committee, WFA Meetings, 2008, 2010-2016
Discussant, Society of Financial Studies (SFS) Cavalcade, 2015
Presenter, UC-Irvine, Invited Seminars and Conference Presentations, 2015
Conference Program Committee, Finance Down Under Conference, 2015
Conference Program Committee, EFA Meetings, 2013-2015

Teaching and Research Interests

Weisbenners research studies household portfolio decisions and the financial and operational decisions made by corporate executives and other institutional managers. It draws on a number of different identification strategies and data sets to provide insights on these issues, often with implications for broader questions in finance and economics. To answer the questions posed by his research, Professor Weisbenner uses variation in the conditions facing households and institutions by geography, changes to tax and other policy parameters, and financial shocks.