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Christopher Hrdlicka
Associate Professor of Finance and Business Economics
John B. and Delores L. Fery Faculty Fellow

Education

  • PhD University of Chicago (2010)
  • MBA University of Chicago (2010)
  • MA Washington University in St. Louis (2005)
  • BA Washington University in St. Louis (2005)

Expertise

asset pricing, corporate governance, dividend and payout policy / stock splits, economics, financial economics, financial markets, macroeconomics, microeconomics, public finance, regulation

Positions Held

At the University of Washington since 2010
Towers Perrin Actuarial Summer Intern, 2002-2005

Selected Publications

“Trading Volume and Time Varying Betas”
Hrdlicka, C., (2022). The Review of Finance, Vol. 26(1), pp. 79–116.

“Where Does the Predictability from Sorting on Returns of Economically Linked Firms Come From?”
Burt, A., and Hrdlicka, C., (2021). Journal of Financial and Quantitative Analysis (Online).

“How Much Do Directors Influence Firm Value”
Burt, A., Hrdlicka, C., and Harford, J., (2020). Review of Financial Studies, Vol. 33(4), pp. 1818–1847.

“The Structure of Information Release and the Factor Structure of Returns”
Gilbert, T., Hrdlicka, C., and Kamara, A., (2018). Journal of Financial Economics, Vol. 127(3), pp. 546–566.

“Precautionary Savings with Risky Assets: When Cash is Not Cash”
Duchin, R., Gilbert, T., Harford, J., and Hrdlicka, C., (2017). Journal of Finance, Vol. 72(2), pp. 793–852.

“Why Are University Endowments Large and Risky?”
Gilbert, T., and Hrdlicka, C., (2015). Review of Financial Studies, Vol. 28(9), pp. 2643–2686.

“Daily Data is Bad for Beta: Opacity and Frequency-Dependent Betas”
Gilbert, T., Hrdlicka, C., Kalodimos, J., and Siegel, S., (2014). Review of Asset Pricing Studies, Vol. 4(1), pp. 78–117.

 

Honors and Awards

European Finance Association Commonfund Price for Best Paper on Foundation and Endowment Asset Management, 2013
Alpha Kappa Psi Professor of the Quarter Spring 2012

Industries

Asset Management
Education
Pension Funds

Working Papers

"Understanding Network-Based Measures of Information Diffusion" with Aaron Burt
"The Structure of Information Release and the Factor Structure of Returns" with Thomas Gilbert and Avraham Kamara
"Return Predictability Through Board Links" with Aaron Burt

Christopher Hrdlicka

Academic Department

Finance & Business Economics

Current Research

Measuring information diffusion
Connecting information release to risk structure
Financial investments of corporations and endowments