Faculty Directory

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

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

1. “The Equilibrium Consequences of Indexing“

   Journal Article:Bond, P., Garcia, D., (2022). The Review of Financial Studies, Vol. 35(7), pp. 3175-3230.
2. “Silence is Safest: Non-disclosure when the Audience’s Preferences are Uncertain“

   Journal Article:Bond, P., Zeng, Y., (2022). The Journal of Financial Economics, Vol. 145(1), pp. 178-193.
3. “Failing to Forecast Rare Events“

   Journal Article:Bond, P., Dow, J., (2021). The Journal of Financial Economics, Vol. 142(3), pp. 1001-1016.
4. “Commitment Contracts“

   Journal Article:Bond, P., & Sigurdsson, G., (2018). Review of Economic Studies, Vol. 85(1), pp. 194-222.
5. “Does Junior Inherit? Refinancing and the Blocking Power of Second Mortgages“

   Journal Article:Bond, P., Elul, R., Garyn-Tal, S. & Musto, D., (2017). The Review of Financial Studies, Vol. 30(1), pp. 211-244.
6. “Buying High and Selling Low: Stock Repurchases and Persistent Asymmetric Information“

   Journal Article:Bond, P. & Zhong, H., (2016). The Review of Financial Studies, Vol. 29(6), pp. 1409-1452.
7. “Market Run-Ups, Market Freezes, Inventories, and Leverage“

   Journal Article:Bond, P., & Leitner, Y., (2015). Journal of Financial Economics, Vol. 115(1), pp. 155-167.
8. “Wall Street Occupations: An Equilibrium Theory of Overpaid Jobs“

   Journal Article:Axelson, U., & Bond, P., (2015). Journal of Finance, Vol. 70(5), pp. 1949-1996.

   • Brattle Group Prize distinguished paper
9. “Government Intervention and Information Aggregation by Prices“

   Journal Article:Bond, P., & Goldstein, I., (2015). Journal of Finance, Vol. 70(6), pp. 2777-2812.
10. “The Labor Market for Bankers and Regulators“

    Journal Article:Bond, P., & Glode, V., (2014). The Review of Financial Studies, Vol. 27(9), pp. 2539-2579.
11. “The Real Effects of Financial Markets“

    Journal Article:Bond, P., Edmans, A., & Goldstein, I., (2012). Annual Review of Financial Economics, Vol. 4, pp. 339-360.
12. “Market-based Corrective Actions“

    Journal Article:Bond, P., Goldstein, I., & Prescott, E., (2010). The Review of Financial Studies, Vol. 23(2), pp. 781-820.
13. “Strategic Voting over Strategic Proposals“

    Journal Article:Bond, P., & Eraslan, H., (2010). Review of Economic Studies, Vol. 77(2), pp. 459-490.
14. “Preventing Crime Waves“

    Journal Article:Bond, P., & Hagerty, K., (2010). American Economic Journal: Microeconomics, Vol. 2(3), pp. 138-159.
15. “Information-based Trade“

    Journal Article:Bond, P., & Eraslan, H., (2010). Journal of Economic Theory, Vol. 145(5), pp. 1675-1703.
16. “Multitask Principal-Agent Problems: Optimal Contracts, Fragility, and Effort Misallocation“

    Journal Article:Bond, P., & Gomes, A., (2009). Journal of Economic Theory, Vol. 144(1), pp. 175-211.
17. “Predatory Mortgage Lending“

    Journal Article:Bond, P., Musto, D., & Yilmaz, B., (2009). Journal of Financial Economics, Vol. 94(3), pp. 412-427.
18. “Regulating Exclusion from Financial Markets“

    Journal Article:Bond, P., & Krishnamurthy, A., (2004). Review of Economic Studies, Vol. 71(3), pp. 681-707.
19. “Bank and Nonbank Financial Intermediation“

    Journal Article: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)