Faculty Directory

Phillip Bond


Office: 536 PACCAR Hall
Phone: 206-543-8737
Fax: 206-543-7472
Email: apbond(at)uw.edu

Foster School of Business
University of Washington
Box: 353226
Seattle, WA 98195-3226

Philip Bond

Professor of Finance and Business Economics
Edward E. Carlson Distinguished Professor in Business Administration


PhD University of Chicago (1999)
MA University of Chicago (1999)
BA Oxford University (1993)

Academic Expertise

corporate finance
corporate governance
dividend and payout policy; stock splits
financial institutions / banking
financial markets
household finance
market microstructure
monetary policy
small business finance


Financial Services
Investment Banking

Positions Held

Associate Professor, Department of Finance, Foster School of Business, University of Washington, 2013-2015
Associate Professor, Department of Finance, Carlson School of Management, University of Minnesota, 2010-2013
Assistant professor, Department of Finance, The Wharton School, University of Pennsylvania, 2003-2010
Assistant Professor, Department of Finance, Kellogg School of Management, Northwestern University, 1999-2003

Selected Publications

  1. Does Junior Inherit? Refinancing and the Blocking Power of Second Mortgages
    Journal Article: Bond, P., Elul, R., Garyn-Tal, S. & Musto, D., (2017). The Review of Financial Studies, Vol. 30(1), pp. 211-244.
  2. Buying High and Selling Low: Stock Repurchases and Persistent Asymmetric Information
    Journal Article: Bond, P. & Zhong, H., (2016). The Review of Financial Studies, Vol. 29(6), pp. 1409-1452.
  3. Government Intervention and Information Aggregation by Prices
    Journal Article: Bond, P., & Goldstein, I., (2015). Journal of Finance, Vol. 70(6), pp. 2777-2812.
    • Brattle Group Prize distinguished paper
  4. Market Run-Ups, Market Freezes, Inventories, and Leverage
    Journal Article: Bond, P., & Leitner, Y., (2015). Journal of Financial Economics, Vol. 115(1), pp. 155-167.
  5. Wall Street Occupations: An Equilibrium Theory of Overpaid Jobs
    Journal Article: Axelson, U., & Bond, P., (2015). Journal of Finance, Vol. 70(5), pp. 1949-1996.
  6. The Labor Market for Bankers and Regulators
    Journal Article: Bond, P., & Glode, V., (2014). The Review of Financial Studies, Vol. 27(9), pp. 2539-2579.
  7. The Real Effects of Financial Markets
    Journal Article: Bond, P., Edmans, A., & Goldstein, I., (2012). Annual Review of Financial Economics, Vol. 4, pp. 339-360.
  8. Information-based Trade
    Journal Article: Bond, P., & Eraslan, H., (2010). Journal of Economic Theory, Vol. 145(5), pp. 1675-1703.
  9. Market-based Corrective Actions
    Journal Article: Bond, P., Goldstein, I., & Prescott, E., (2010). The Review of Financial Studies, Vol. 23(2), pp. 781-820.
  10. Preventing Crime Waves
    Journal Article: Bond, P., & Hagerty, K., (2010). American Economic Journal: Microeconomics, Vol. 2(3), pp. 138-159.
  11. Strategic Voting over Strategic Proposals
    Journal Article: Bond, P., & Eraslan, H., (2010). Review of Economic Studies, Vol. 77(2), pp. 459-490.
  12. Predatory Mortgage Lending
    Journal Article: Bond, P., Musto, D., & Yilmaz, B., (2009). Journal of Financial Economics, Vol. 94(3), pp. 412-427.

Academic Service

Co-editor, Journal of Finance
President, Finance Theory Group (2016-2017)