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Faculty Directory

Doron Levit
Phone: 206-543-3021

Doron Levit

Professor of Business Economics
Marion B. Ingersoll Professor of Finance

PhD Stanford University (2011)

Academic Expertise

business valuation
corporate finance
corporate governance
dividend and payout policy / stock splits
financial economics
mergers and acquisitions
private equity

Positions Held

Assistant professor, Department of Finance, The Wharton School, University of Pennsylvania, 2011-2020
Lecturer, Department of Finance, The Wharton School, University of Pennsylvania, 2010-2011

Selected Publications

“The Voting Premium“
Levit, D., Malenko, N., Maug, E., (forthcoming). Journal of Finance.

“ESG: A Panacea for Market Power?“
Levit, D., Bond, P., (forthcoming). Journal of Financial Economics.

“Trading and Shareholder Democracy“
Levit, D., Malenko, D., Maug, E., (2024). Journal of Finance.

“A Theory of One-Size-Fits-All Recommendations“
Levit, D., Tsoy, A., (2022). American Economic Journal: Microeconomics, Vol. 14(4), pp. 318-347.

“Agents of Inequality: Common Ownership and the Decline of the American Worker“
Goshen, Z., Levit, D., (2022). Duke Law Journal, Vol. 72(1), pp. 1-69.

“Words Speak Louder Without Actions“
Levit, D, (2020). Journal of Finance, Vol. 75(1), pp. 91-131.

“Who’s Paying Attention? Measuring Common Ownership and Its Impact on Managerial Incentives“
Levit, D., Gilje, E., & Gormley, T., (2020). Journal of Financial Economics, Vol. 137(1), pp. 152-178.

“Corporate Control Activism“
Levit, D., & Corum, A., (2019). Journal of Financial Economics, Vol. 133(1), pp. 1-17.

“Soft Shareholder Activism“
Levit, D., (2019). The Review of Financial Studies, Vol. 32(7), pp. 2775-2808.

“Governance Under Common Ownership“
Levit, D., Edmans, A., & Reilly, D., (2019). The Review of Financial Studies, Vol. 32(7), pp. 2673-2719.