Faculty Directory

Ran Duchin

Professor of Finance
William A. Fowler Endowed Professor

Education

PhD University of Southern California (2008)
MBA Hebrew University of Jerusalem (2003)
BA Hebrew University of Jerusalem (2001)

Academic Expertise

behavioral finance
corporate finance
corporate governance
dividend and payout policy; stock splits
financial institutions / banking
mergers and acquisitions
regulation

Current Research

Spillovers inside Conglomerates, Dissecting Conglomerates, Political Connections and Government Contracts, Precautionary Savings with Risky Assets

Positions Held

At the University of Washington since 2012
Assistant Professor of Finance, University of Michigan, 2008-2012

Selected Publications

  1. Clouded Judgment: The Role of Sentiment in Credit Origination
    Journal Article: Cortés, K., Duchin, R., & Sosyura, D., (forthcoming). Journal of Financial Economics,
  2. Looking in the Rear View Mirror: The Effect of Managers’ Professional Experience on Corporate Financial Policy
    Journal Article: Dittmar, A., & Duchin, R., (forthcoming). Review of Financial Studies,
  3. Precautionary Savings with Risky Assets: When Cash is not Cash
    Journal Article: Harford, J., Duchin, R., Gilbert, T., & Hrdlicka, C., (forthcoming). Journal of Finance,
  4. Cash Flow Hedging and Liquidity Choices
    Journal Article: Disatnik, D., Duchin, R., & Schmidt, B., (2014). Review of Finance, Vol. 18(2), pp. 715-748.
  5. Peer Effects in Risk Aversion and Trust
    Journal Article: Ahern, K., Duchin, R., & Shumway, T., (2014). The Review of Financial Studies, Vol. 27(11), pp. 3213-3240.
  6. Safer Ratios, Riskier Portfolios: Banks’ Response to Government Aid
    Journal Article: Duchin, R., & Sosyura, D., (2014). Journal of Financial Economics, Vol. 113(1), pp. 1-28.
  7. Divisional Managers and Internal Capital Markets
    Journal Article: Duchin, R., & Sosyura, D., (2013). Journal of Finance, Vol. 68(2), pp. 387-429.
  8. Riding the Merger Wave: Uncertainty, Reduced Monitoring, and Bad Acquisitions
    Journal Article: Duchin, R., & Schmidt, B., (2013). Journal of Financial Economics, Vol. 107(1), pp. 69-88.
  9. The Politics of Government Investment
    Journal Article: Duchin, R., & Sosyura, D., (2012). Journal of Financial Economics, Vol. 106(1), pp. 24-48.
  10. Cash Holdings and Corporate Diversification
    Journal Article: Duchin, R., (2010). Journal of Finance, Vol. 65(3), pp. 955-992.
  11. Costly External Finance, Corporate Investment, and the Subprime Mortgage Credit Crisis
    Journal Article: Duchin, R., Ozbas, O., & Sensoy, B., (2010). Journal of Financial Economics, Vol. 97(3), pp. 418-435.
  12. When are Outside Directors Effective
    Journal Article: Duchin, R., Matsusaka, J., & Ozbas, O., (2010). Journal of Financial Economics, Vol. 96, pp. 195-214.

Working Papers

“Spillovers inside Conglomerates: Incentives and Capital” with Amir Goldberg and Denis Sosyura
“Precautionary Savings with Risky Assets: When Cash Is Not Cash” with Thomas Gilbert, Jarrad Harford, and Chris Hrdlicka
“Political Connections, Incentives, and Innovation: Evidence from Contract-Level Data” with Jonathan Brogaard and Matthew Denes
“Dissecting Conglomerates” with Oliver Boguth and Mikhail Simutin
“The Dynamics of Cash” with Amy Dittmar
“Portfolio Optimization and Firm Size” with Moshe Levy