Facebook Skip to main content


Faculty Directory

Stephan Siegel

Professor of Finance and Business Economics
Michael G. Foster Endowed Professor

Education

PhD Columbia University (2006)
MPhil Columbia University (2002)
BSc University of Bayreuth (1995)

Academic Expertise

asset pricing
behavioral finance
business valuation
household finance
international finance
investing
private equity

Industries

Consulting
Financial Services
Manufacturing
Private Equity

Current Research

Culture, biology, and finance
Political risk and asset prices

Positions Held

At the University of Washington since 2005
CESifo Research Network Fellow, CESifo, since 2018
Associate Editor, Journal of Banking and Finance, since 2015
Arizona State University, 2011-2012
GCI Management, Munich, Germany, 1996-1999

Selected Publications

  1. The Cross-Section of Volatility and Returns: Then and Now
    Journal Article:Siegel, S., Detzel, A., Duarte, J., Kamara, A., and Sun, C., (forthcoming). Critical Finance Review,
  2. Are CEOs More Likely to Be First-Borns?
    Journal Article:Siegel, S., Custodio, C., (2020). PlosOne,
  3. The Cultural Origin of CEOs’ Attitudes towards Uncertainty: Evidence from Corporate Acquisitions
    Journal Article:Siegel, S., Pan, Y., Wang, T., (2020). Review of Financial Studies,
  4. The Fetal Origins Hypothesis in Finance: Prenatal Environment, the Gender Gap, and Investor Behavior
    Journal Article:Cronqvist, H., Previtero, A., Siegel, S., & White, R., (2016). Review of Financial Studies, Vol. 93(3), pp. 739-786.
  5. Political Risk and International Valuation
    Journal Article:Bekaert, G., Harvey, C., Lundblad, C., & Siegel, S., (2016). Journal of Corporate Finance, Vol. 37, pp. 1-23.
  6. Corporate Risk Culture
    Journal Article:Pan, Y., Siegel, S. & Wang, T., (2016). Journal of Financial and Quantitative Analysis,
  7. The Origins of Savings Behavior
    Journal Article:Cronqvist, H., & Siegel, S., (2015). Journal of Political Economy, Vol. 123(1), pp. 123-169.
  8. Value Versus Growth Investing: Why Do Different Investors have Different Styles
    Journal Article:Cronqvist, H., Siegel, S., & Yu, F., (2015). Journal of Financial Economics, Vol. 117(2), pp. 333-349.
  9. The Impact of the Sarbanes-Oxley Act on Shareholders and Managers of Foreign Firms
    Journal Article:Duarte, J., Kong, K., Siegel, S., & Young, L., (2014). Review of Finance, Vol. 18(1), pp. 417-455.
  10. Genetics, Homeownership, and Home Location Choice
    Journal Article:Cronqvist, H., Muenkel, F., & Siegel, S., (2014). Journal of Real Estate Finance and Economics, Vol. 48(1), pp. 79-111.
  11. The Genetics of Investment Biases
    Journal Article:Cronqvist, H., & Siegel, S., (2014). Journal of Financial Economics, Vol. 113(2), pp. 215-234.
  12. Daily Data is Bad for Beta: Opacity and Frequency-Dependent Betas
    Journal Article:Gilbert, T., Hrdlicka, C., Kalodimos, J., & Siegel, S., (2014). Review of Asset Pricing Studies, Vol. 4(1), pp. 78-117.
  13. Political Risk Spreads
    Journal Article:Bekaert, G., Harvey, C., Lundblad, C., & Siegel, S., (2014). Journal of International Business Studies, Vol. 45(4), pp. 471-493.
  14. The European Union, the Euro, and Equity Market Integration
    Journal Article:Bekaert, G., Harvey, C., Lundblad, C., & Siegel, S., (2013). Journal of Financial Economics, Vol. 109(3), pp. 583-603.
  15. Trust and Credit: The Role of Appearance in Peer-to-Peer Lending
    Journal Article:Duarte, J., Siegel, S., & Young, L., (2012). The Review of Financial Studies, Vol. 25(8), pp. 2455-2484.
  16. What Segments Equity Markets?
    Journal Article:Bekaert, G., Harvey, C., Lundblad, C., & Siegel, S., (2011). The Review of Financial Studies, Vol. 24(12), pp. 3841-3890.

Honors and Awards

MBA Professor of the Quarter, Foster School of Business, Winter 2019
Lex N. Gamble Family Award for Excellence in Case Development & Curriculum Innovation, June 2019
CICF Best Paper Award, Xiamen, 2016
Andrew V. Smith Award for Excellence in Research, Foster School of Business, University of Washington, June 2015
Dean's Leadership Award, Foster School of Business, University of Washington, June 2015
PhD Program Mentoring Award, Foster School of Business, University of Washington, May 2015
MBA Elective Professor of the Quarter, Spring 2009, 2013
Undergraduate Faculty of the Year for Finance and Business Economics, 2012-2013
American Real Estate Society, ARES Manuscript prize Winner, 2012
Faculty Research Award, Elliott Initiative, University of Michigan-Dearborn, 2011
Best Paper Award, Rothschild Caesarea Center 7th Annual Academic Conference, Tel Aviv, 2010
Yihong Xia Best Paper Award, CICF, Beijing, 2010
Best Paper in Investments, FMA, New York, 2010
Doctoral fellowship, Columbia University, Graduate School of Business, 1999-2004
Award for outstanding academic achievement, University of Bayreuth, 1995
Merit-based scholarship from the Friedrich-Naumann Foundation, Germany, 1993-1995