Faculty Directory

Professor of Finance and Business Economics

Chair of the Department 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

Industries

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., and 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., and Zeng, Y., (2022). The Journal of Financial Economics, Vol. 145(1), pp. 178–193.

“Failing to Forecast Rare Events”
Bond, P., and Dow, J., (2021). The Journal of Financial Economics, Vol. 142(3), pp. 1001–1016.

“Commitment Contracts”
Bond, P., and 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., and 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., and Zhong, H., (2016). The Review of Financial Studies, Vol. 29(6), pp. 1409–1452.

“Market Run-Ups, Market Freezes, Inventories, and Leverage”
Bond, P., and Leitner, Y., (2015). Journal of Financial Economics, Vol. 115(1), pp. 155–167.

“Wall Street Occupations: An Equilibrium Theory of Overpaid Jobs”
Axelson, U., and 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., and Goldstein, I., (2015). Journal of Finance, Vol. 70(6), pp. 2777–2812.

“The Labor Market for Bankers and Regulators”
Bond, P., and Glode, V., (2014). The Review of Financial Studies, Vol. 27(9), pp. 2539–2579.

“The Real Effects of Financial Markets”
Bond, P., Edmans, A., and Goldstein, I., (2012). Annual Review of Financial Economics, Vol. 4, pp. 339–360.

“Market-Based Corrective Actions”
Bond, P., Goldstein, I., and Prescott, E., (2010). The Review of Financial Studies, Vol. 23(2), pp. 781–820.

“Strategic Voting over Strategic Proposals”
Bond, P., and Eraslan, H., (2010). Review of Economic Studies, Vol. 77(2), pp. 459–490.

“Preventing Crime Waves”
Bond, P., and Hagerty, K., (2010). American Economic Journal: Microeconomics, Vol. 2(3), pp. 138–159.

“Information-Based Trade”
Bond, P., and 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., and Gomes, A., (2009). Journal of Economic Theory, Vol. 144(1), pp. 175–211.

“Predatory Mortgage Lending”
Bond, P., Musto, D., and Yilmaz, B., (2009). Journal of Financial Economics, Vol. 94(3), pp. 412–427.

“Regulating Exclusion from Financial Markets”
Bond, P., and 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)