Philip Bond
- Professor of Finance and Business Economics Edward E. Carlson Distinguished Professor in Business Administration
Education
- PhD University of Chicago (1999)
- MA University of Chicago (1999)
- BA Oxford University (1993)
Academic Expertise
- corporate finance
- corporate governance
- derivatives
- dividend and payout policy / stock splits
- economics
- financial institutions / banking
- financial markets
- household finance
- macroeconomics
- market microstructure
- microeconomics
- monetary policy
- regulation
- small business finance
Industries
- Financial Services
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
“The Equilibrium Consequences of Indexing“
Bond, P., Garcia, D., (2022). The Review of Financial Studies, Vol. 35(7), pp. 3175-3230.
“Silence is Safest: Non-disclosure when the Audience’s Preferences are Uncertain“
Bond, P., Zeng, Y., (2022). The Journal of Financial Economics, Vol. 145(1), pp. 178-193.
“Failing to Forecast Rare Events“
Bond, P., Dow, J., (2021). The Journal of Financial Economics, Vol. 142(3), pp. 1001-1016.
“Commitment Contracts“
Bond, P., & Sigurdsson, G., (2018). Review of Economic Studies, Vol. 85(1), pp. 194-222.
“Does Junior Inherit? Refinancing and the Blocking Power of Second Mortgages“
Bond, P., Elul, R., Garyn-Tal, S. & Musto, D., (2017). The Review of Financial Studies, Vol. 30(1), pp. 211-244.
“Buying High and Selling Low: Stock Repurchases and Persistent Asymmetric Information“
Bond, P. & Zhong, H., (2016). The Review of Financial Studies, Vol. 29(6), pp. 1409-1452.
“Market Run-Ups, Market Freezes, Inventories, and Leverage“
Bond, P., & Leitner, Y., (2015). Journal of Financial Economics, Vol. 115(1), pp. 155-167.
“Wall Street Occupations: An Equilibrium Theory of Overpaid Jobs“
Axelson, U., & Bond, P., (2015). Journal of Finance, Vol. 70(5), pp. 1949-1996.
*Brattle Group Prize distinguished paper
“Government Intervention and Information Aggregation by Prices“
Bond, P., & Goldstein, I., (2015). Journal of Finance, Vol. 70(6), pp. 2777-2812.
“The Labor Market for Bankers and Regulators“
Bond, P., & Glode, V., (2014). The Review of Financial Studies, Vol. 27(9), pp. 2539-2579.
“The Real Effects of Financial Markets“
Bond, P., Edmans, A., & Goldstein, I., (2012). Annual Review of Financial Economics, Vol. 4, pp. 339-360.
“Market-based Corrective Actions“
Bond, P., Goldstein, I., & Prescott, E., (2010). The Review of Financial Studies, Vol. 23(2), pp. 781-820.
“Strategic Voting over Strategic Proposals“
Bond, P., & Eraslan, H., (2010). Review of Economic Studies, Vol. 77(2), pp. 459-490.
“Preventing Crime Waves“
Bond, P., & Hagerty, K., (2010). American Economic Journal: Microeconomics, Vol. 2(3), pp. 138-159.
“Information-based Trade“
Bond, P., & Eraslan, H., (2010). Journal of Economic Theory, Vol. 145(5), pp. 1675-1703.
“Multitask Principal-Agent Problems: Optimal Contracts, Fragility, and Effort Misallocation“
Bond, P., & Gomes, A., (2009). Journal of Economic Theory, Vol. 144(1), pp. 175-211.
“Predatory Mortgage Lending“
Bond, P., Musto, D., & Yilmaz, B., (2009). Journal of Financial Economics, Vol. 94(3), pp. 412-427.
“Regulating Exclusion from Financial Markets“
Bond, P., & Krishnamurthy, A., (2004). Review of Economic Studies, Vol. 71(3), pp. 681-707.
“Bank and Nonbank Financial Intermediation“
Bond, P., (2004). The Journal of Finance, Vol. 59(6), pp. 2489-2529.
Academic Service
- Co-editor, Journal of Finance
- President, Finance Theory Group (2016-2017)