Faculty Directory

Stephan Siegel

Associate Professor of Finance and Business Economics
Evert McCabe Endowed Fellow

Education

PhD Columbia University (2006)
MPhil Columbia University (2002)
BSc University of Bayreuth (1995)

Academic Expertise

asset pricing
behavioral finance
business valuation
household finance
international finance
investing
private equity

Industries

Consulting
Financial Services
Manufacturing
Private Equity

Current Research

The Cultural Origin of Preferences: CEO Cultural Heritage and Corporate Acquisitions (2016)
Stock Market Valuations across U.S. States (2014)
The Systematic Risk of Idiosyncratic Volatility (2014)

Positions Held

At the University of Washington since 2005
Arizona State University, 2011-2012
GCI Management, Munich, Germany, 1996-1999

Selected Publications

  1. Corporate Risk Culture
    Journal Article: Pan, Y., Siegel, S. & Wang, T., (forthcoming). Journal of Financial and Quantitative Analysis,
  2. Political Risk and International Valuation
    Journal Article: Bekaert, G., Harvey, C., Lundblad, C., & Siegel, S., (2016). Journal of Corporate Finance, Vol. 37, pp. 1-23.
  3. The Fetal Origins Hypothesis in Finance: Prenatal Environment, the Gender Gap, and Investor Behavior
    Journal Article: Cronqvist, H., Previtero, A., Siegel, S., & White, R., (2016). Review of Financial Studies, Vol. 93(3), pp. 739-786.
  4. The Origins of Savings Behavior
    Journal Article: Cronqvist, H., & Siegel, S., (2015). Journal of Political Economy, Vol. 123(1), pp. 123-169.
  5. Value Versus Growth Investing: Why Do Different Investors have Different Styles
    Journal Article: Cronqvist, H., Siegel, S., & Yu, F., (2015). Journal of Financial Economics, Vol. 117(2), pp. 333-349.
  6. Daily Data is Bad for Beta: Opacity and Frequency-Dependent Betas
    Journal Article: Gilbert, T., Hrdlicka, C., Kalodimos, J., & Siegel, S., (2014). Review of Asset Pricing Studies, Vol. 4(1), pp. 78-117.
  7. Genetics, Homeownership, and Home Location Choice
    Journal Article: Cronqvist, H., Muenkel, F., & Siegel, S., (2014). Journal of Real Estate Finance and Economics, Vol. 48(1), pp. 79-111.
  8. Political Risk Spreads
    Journal Article: Bekaert, G., Harvey, C., Lundblad, C., & Siegel, S., (2014). Journal of International Business Studies, Vol. 45(4), pp. 471-493.
  9. The Genetics of Investment Biases
    Journal Article: Cronqvist, H., & Siegel, S., (2014). Journal of Financial Economics, Vol. 113(2), pp. 215-234.
  10. The Impact of the Sarbanes-Oxley Act on Shareholders and Managers of Foreign Firms
    Journal Article: Duarte, J., Kong, K., Siegel, S., & Young, L., (2014). Review of Finance, Vol. 18(1), pp. 417-455.
  11. The European Union, the Euro, and Equity Market Integration
    Journal Article: Bekaert, G., Harvey, C., Lundblad, C., & Siegel, S., (2013). Journal of Financial Economics, Vol. 109(3), pp. 583-603.
  12. Trust and Credit: The Role of Appearance in Peer-to-Peer Lending
    Journal Article: Duarte, J., Siegel, S., & Young, L., (2012). The Review of Financial Studies, Vol. 25(8), pp. 2455-2484.
  13. What Segments Equity Markets?
    Journal Article: Bekaert, G., Harvey, C., Lundblad, C., & Siegel, S., (2011). The Review of Financial Studies, Vol. 24(12), pp. 3841-3890.

Honors and Awards

CICF Best Paper Award, Xiamen, 2016
Andrew V. Smith Award for Excellence in Research, Foster School of Business, University of Washington, June 2015
Dean's Leadership Award, Foster School of Business, University of Washington, June 2015
PhD Program Mentoring Award, Foster School of Business, University of Washington, May 2015
MBA Elective Professor of the Quarter, Spring 2009, 2013
Undergraduate Faculty of the Year for Finance and Business Economics, 2012-2013
American Real Estate Society, ARES Manuscript prize Winner, 2012
Faculty Research Award, Elliott Initiative, University of Michigan-Dearborn, 2011
Best Paper Award, Rothschild Caesarea Center 7th Annual Academic Conference, Tel Aviv, 2010
Yihong Xia Best Paper Award, CICF, Beijing, 2010
Best Paper in Investments, FMA, New York, 2010
Doctoral fellowship, Columbia University, Graduate School of Business, 1999-2004
Award for outstanding academic achievement, University of Bayreuth, 1995
Merit-based scholarship from the Friedrich-Naumann Foundation, Germany, 1993-1995