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Chazen Senior Scholars

The Chazen Institute draws on the expertise of world-class faculty members to help shape the thinking and discourse on major global business issues.

 

Andrew Ang 
Ann F. Kaplan Professor of Business
Columbia Business School

Area of expertise: Empirical asset pricing
Professor Ang specializes in empirical asset pricing and applications of econometrics to financial problems. He has developed macro-models of fixed income, valuation models with time-varying expected returns, models of downside risk and other non-linearities in asset returns, and models of dynamic asset allocation.

 

Geert Bekaert 
Leon G. Cooperman Professor of Finance and Economics
Columbia Business School

Area of expertise: International asset pricing
Professor Bekaert’s research focus is international finance, with a particular interest in foreign exchange market efficiency, exchange rate determination and international and emerging equity markets.

 

Patrick Bolton 
Barbara and David Zalaznick Professor of Business
Columbia Business School

Area of expertise: Corporate finance and international financial architecture
Professors Bolton’s research is in contract theory and contracting issues in corporate finance and industrial organization. A central focus of his work is on the allocation of control and decision rights to contracting parties when long-term contracts are incomplete. He also recently organized an inaugural international conference on sovereign wealth funds.

 

Emily Breza
Assistant Professor, Finance and Economics
Columbia Business School

Area of expertise: Development finance, microfinance, social networks
Professor Breza researches household and SME finance with a focus on developing countries. Some of her field projects include work on microfinance and social networks in India, direct deposits and savings in Bangladesh, and credit score rehabilitation among defaulters in Colombia.

 

Noel Capon 
R.C. Kopf Professor of International Marketing
Columbia Business School

Area of expertise: Marketing planning and strategy
Professor Capon’s research interests are in key/strategic account management, and marketing planning and strategy.

 

Alessandra Casella
Professor of Economics
Columbia University, Department of Economics

Area of Expertise: International trade, macroeconomics, political economy

 

Charlie Calomiris
Henry Kaufman Professor of Financial Institutions
Columbia Business School

Areas of expertise: Financial institutions and corporate finance in both emerging and developed markets
Professor Calomiris is one of the country’s leading authorities on financial institutions. His research spans the areas of banking, corporate finance, financial history and monetary economics. He has advised numerous firms, agencies and governments on the performance and regulation of financial institutions.

 

Guillermo Calvo
Professor of International and Public Affairs
School of International Public Affairs, Columbia University

Area of expertise: Emerging markets
Professor Calvo's main field of expertise is macroeconomics of emerging market and transition economies. His recent work has dealt extensively with capital flows and balance-of-payments crises in emerging market economies. He has published several books and more than 100 articles in leading economic journals.

 

Fangruo Chen
MUTB Professor of International Business
Columbia Business School

Area of expertise: Supply chain management
Professor Chen’s research addresses issues in production/distribution planning, procurement auctions, supplier management, supply chain coordination, supply chain information sharing, incentive contracts, salesforce incentives, etc.

 

Richard Clarida
C. Lowell Harriss Professor of Economics
Columbia University, Department of Economics

Area of expertise: International finance and open-economy macroeconomics
Professor Clarida has previously served as the Assistant Secretary of the United States Treasury for Economic Policy. In that position, he served as chief economic advisor to the Treasury Secretary on a wide range economic policy issues, including the U.S. and global economic prospects, international capital flows, corporate governance, and the maturity structure of U.S. debt. He has also published numerous articles in leading academic journals on monetary policy, exchange rates, interest rates, and international capital flows.

 

John C. Coffee, Jr.
Adolf A. Berle Professor of Law
Columbia Law School

Area of expertise: Corporate law and securities regulation
Member or former member, Economic Advisory Board to Nasdaq; SEC Advisory Committee on the Capital Formation and Regulatory Processes; the Subcouncil on Capital Markets of the United States Competitiveness Policy Council; the Legal Advisory Board to the National Association of Securities Dealers (NASD); Legal Advisory Committee to the board of directors of the New York Stock Exchange.

 

Donald Davis
Kathryn & Shelby Cullom Davis Professor of Economics & International Affairs
School of International Public Affairs, Columbia University

Areas of expertise: International trade, development economics
Recent research by Professor Davis includes studies of how trade liberalization affects wages and unemployment levels.

 

William Duggan
Senior Lecturer in Business
Columbia Business School

Area of expertise: Strategy
Professor Duggan is the author of three recent books on strategic intuition as the key to innovation: Napoleon's Glance: The Secret of Strategy (2002); The Art of What Works: How Success Really Happens (2003); and Strategic Intuition: The Creative Spark in Human Achievement (2007). He has twenty years of experience as a strategy adviser and consultant.

 

Ronald Findlay
Ragnar Nurkse Professor of Economics
School of International Public Affairs, Columbia University

Area of expertise: International trade
Professor Findlay is a noted authority in international trade, economic development, and political economy, he has written extensively on those topics.

 

Raymond Fisman
Lambert Family Professor of Social Enterprise
Columbia Business School

Area of expertise: Corruption and corporate finance in emerging markets
Professor Fisman’s research covers a range of topics, including the impact of corporate social responsibility, the determinants of altruism and global corruption. His work has been published in leading economics journals, including the American Economic Review, Journal of Political Economy, and Quarterly Journal of Economics and has been covered widely in the popular press, from Maureen Dowd’s column in the New York Times to al Jazeera to the Shanghai Daily. He also writes a monthly column for the online magazine Slate, where he has tackled issues including teacher evaluation in public schools, women and leadership, and the economics of civil war. Professor Fisman’s first book, Economic Gangsters: Violence, Corruption, and the Poverty of Nations (coauthored with Edward Miguel), was published by Princeton University Press.

 

Nelson Fraiman
Professor of Professional Practice
Columbia Business School

Areas of expertise: Retailing, consulting and process industries
Professor Fraiman joined the faculty after a 17-year career at International Paper Company, where his most recent position was chief technology officer for eight manufacturing divisions. His research explores institutionalizing quality improvement.

 

Trevor Harris
Arthur J. Samberg Professor of Professional Practice
Columbia Business School

Areas of expertise: Valuation, investment and management decisions in accounting
Professor Harris' research and practical experience has covered most areas of the use of accounting information for valuation, investment and management decisions, with a particular focus on global aspects. He has published widely on valuation and accounting issues, in both academic and practitioner journals. He has made presentations at over 200 conferences, institutes and universities around the world.

 

Jonas Hjort
Assistant Professor, Finance and Economics

Areas of expertise: Firms and labor markets in developing countries
Professor Hjort’s research focuses primarily on the interaction of firms and labor markets in developing countries, as well as on firms’ social impact.

 

Robert Hodrick
Nomura Professor of International Finance
Columbia Business School

Area of expertise: International asset pricing
Professor Hodrick’s current research explores the empirical implications of theoretical pricing models that generate time-varying risk premiums in the markets for bonds, equities and foreign currencies. He is also a research associate of the National Bureau of Economic Research.

 

R. Glenn Hubbard
Russell L. Carson Professor of Finance and Economics
Columbia Business School

Areas of expertise: Public finance and macroeconomics
Professor Hubbard is a specialist in public finance, managerial information and incentive problems in corporate finance, and financial markets and institutions. In a recent book, Tax Policy and Multinational Corporations, he argues that U.S. tax policy significantly affects financing and investment decisions of multinational corporations. Hubbard was deputy assistant of the U.S. Treasury Department and a consultant to the Federal Reserve Board, Federal Reserve Bank of New York and many government agencies.

 

Paul Ingram
Kravis Professor of Business
Columbia Business School

Areas of expertise: Exchange and trade relationships, networks and institutions
Ingram’s current research projects examine the influence of intergovernmental organizations on bilateral trade and democratization; the structure and efficacy of managers' professional networks in China and the United States; and the effects of networks and institutions on the evolution of the Glasgow shipbuilding industry.

 

Sheena Iyengar
S. T. Lee Professor of Business
Columbia Business School

Area of expertise: Consumer choice models
Considered one of the world's experts on choice, Professor Iyengar is author of The Art of Choosing. In the book she explores topics such as why choice is powerful and where its power comes from, the ways in which people make choices, the relationship between how we choose and who we are, why we are so often disappointed by our choices, how much control we really have over our everyday choices, how we choose when our options are practically unlimited, whether we should ever let others choose for us, and if so, whom and why. Her book was a finalist for the Financial Times Business Book of the Year 2010 award and was ranked #3 on the Amazon.com Best Books of 2010: Business & Investing Top 10.

 

Merit Janow
Dean, School of International Public Affairs, Columbia University

Area of expertise: International trade
While at Columbia, Professor Janow has undertaken a variety of external advisory activities along with her substantial ongoing research activities. In December 2003, she was elected to serve as one of the seven Members of the World Trade Organization’s Appellate Body. During her four years of service she presided over 30 appeals, on matters including high technology, agricultural subsidies, trade remedies, and GATT provisions. Professor Janow has recently become a charter member of the International Advisory Board of the China Investment Corporation, China’s sovereign wealth fund. Professor Janow was also Deputy Assistant U.S. Trade Representative for Japan and China (1990-93).

 

Wei Jiang
Professor of Finance and Economics
Columbia Business School

Area of expertise: Investment companies and their role in corporate decisions and governance
Professor Jiang's main research interest lies in investment companies (such as mutual funds, closed-end funds, and hedge funds), and institutional investors' role in corporate decisions and governance.

 

Gita Johar
Meyer Feldberg Professor of Business and Senior Vice Dean
Columbia Business School

Area of expertise: Consumer psychology
Professor Johar's expertise lies in consumer psychology, focusing on how consumers react to marketing efforts, especially advertising, promotions and sponsorship. She also examines the influence of consumer self-control and perceptions of control on decision making and consumption. This research has implications for the design of effective communication strategies.

 

Amit Khandelwal
Assistant Professor of Economics
Columbia Business School

Areas of expertise: International trade and Indian economy
Professor Khandelwal's research examines issues in international and development economics, including the strategic response of firms to trade liberalizations and increased international competition.

 

Rajeev Kohli
Ira Leon Rennert Professor of Business
Columbia Business School

Areas of expertise: Models of consumer preference and choice, new product development
Professor Kohli's research interests are in models of consumer preference and choice, techniques for new product development, Internet technology and personalization, analysis of algorithms, and combinatorial optimization. He has published articles on these subjects in leading journals in marketing, management science, operations research, mathematical psychology, computer science, and discrete mathematics.

 

Stephan Meier
Assistant Professor of Management
Columbia Business School

Area of expertise: Behavioral strategy
Professor Meier investigates the impact of psychology and economics on human decision-making and its implications for public policy and firms' strategy. Current research topics include how non-selfish behavior affect organizations or the effect of borrower’s decision-making on financial institutions’ strategy.

 

Michael Morris
Chavkin-Chang Professor of Leadership
Columbia Business School

Area of expertise: Social judgment and negotiation
Professor Morris is highly regarded for his research on social judgment, the study of how people make sense of events observed in their environment (both internal and external to their work settings). One of his main emphases is on the effects of cross-cultural differences on social judgment.

 

Emi Nakamura
David W. Zalaznick Associate Professor of Business
Columbia Business School

Area of Expertise: International economics
Professor Nakamura's research focuses on issues in empirical macroeconomics, international economics, and industrial organization.

 

Marcelo Olivares
Assistant Professor of Decision, Risk and Operations
Columbia Business School

Area of expertise: Supply chain management
Professor Olivares' research focuses on supply chain management. His research interests include empirical work in this area and its intersections with marketing and applied economics. He has done research on the US automobile supply chain and retail operations.

 

Arvind Panagariya
Jagdish Bhagwati Professor of Indian Political Economy, International and Public Affairs and Economics
School of International Public Affairs, Columbia University

Areas of expertise: International trade and Indian economy
Professor Panagariya has written or edited ten books. His latest book, India: The Emerging Giant, was published in March 2008 by the Oxford University Press, New York and has been described as the "definitive book on the Indian economy" by Fareed Zakaria and "a tour de horizon and a tour de force" by Jagdish Bhagwati. His previous books include The Economics of Preferential Trade Agreements, 1996, AEI Press (with Jagdish Bhagwati) and Lectures on International Trade, 1998, MIT Press (with J. Bhagwati and T.N. Srinivasan). Panagariya writes a monthly column in the Economic Times, India's top financial daily. He has also written guest columns in the Financial Times, Wall Street Journal, Hindu, India Today and Outlook. He has appeared on numerous national and foreign television channels.

 

Hugh Patrick
Robert D. Calkins Professor of International Business Emeritus
Columbia Business School

Area of expertise: Japanese economy
Professor Patrick's major fields of published research on Japan include macroeconomic performance and policy, banking and financial markets, government-business relations, and Japan United States economic relations. His most recent book, coauthored and co-edited with Takatoshi Ito and David E. Weinstein, is Reviving Japan’s Economy: Problems and Prescriptions (MIT Press, 2005).

 

Stephen Penman
George O. May Professor of Accounting
Columbia Business School

Areas of expertise: Valuation of equity and security analysis
Professor Penman's research is concerned with the valuation of equity and the role of accounting information in security analysis. His new book, Accounting for Value, was published in 2011.

 

Jón Steinsson
Associate Professor of Economics
Columbia University, Department of Economics

Area of Expertise: International economics

 

Jan Svejnar
James T. Shotwell Professor of Global Political Economy
Columbia University, School of International and Public Affairs

Areas of expertise: effects of government policies on firms, labor and capital markets; corporate, national, and global governance and performance; and entrepreneurship
Professor Svejnar previously served as director of the International Policy Center at the Gerald R. Ford School of Public Policy at the University of Michigan. He is a founder and Chairman of CERGE-EI in Prague (an American-style Ph.D. program in economics that educates economists for Central-East Europe and the Newly Independent States). He serves as the Chairman of the Supervisory Board of CSOB Bank and co-editor of Economics of Transition. He is a Fellow of the European Economic Association and Research Fellow of the Center for Economic Policy Research (London) and Institute for the Study of Labor (IZA, Bonn).

 

Eric Verhoogen
Assistant Professor of Economics
Columbia University, Department of Economics

Area of expertise: International trade and development
Professor Verhoogen's main research interest is applied microeconomic research on firms in developing countries. This area overlaps with the fields of development economics, international trade, labor economics, and industrial organization. A recurrent theme in his work is the process of quality upgrading in the manufacturing sectors of developing countries — its causes, consequences, and broader implications.

 

Jonathan Vogel
Assistant Professor of Economics
Columbia University, Department of Economics

Area of Expertise: Industrial Organization, International Trade

 

Elke Weber
Jerome A. Chazen Professor of International Business
Columbia Business School

Areas of expertise: Behavioral models of judgment and decision making under risk and uncertainty
Professor Weber works at the intersection of psychology and economics. She is an expert on behavioral models of judgment and decision making under risk and uncertainty. Recently she has been investigating psychologically appropriate ways to measure and model individual and cultural differences in risk taking, specifically in risky financial situations and environmental decision making and policy.

 

Shang-Jin Wei
Director of the Chazen Institute, N.T. Wang Professor of Chinese Business and Economy
Columbia Business School

Areas of expertise: International finance, trade and Chinese economy
In addition to his teaching duties, Professor Wei is director of the Jerome A. Chazen Institute of International Business, Director for the National Bureau of Economic Research's Working Group on the Chinese Economy and a Research Fellow at the Center for Economic Policy Research (Europe). Before joining Columbia University, he held positions as Assistant Director, Chief of Trade and Investment Division, Chief of Mission to Myanmar (Burma) at the International Monetary Fund, the New Century Chair Senior Fellow at the Brookings Institution, and Associate Professor at Harvard University's Kennedy School of Government. Professor Wei has published extensively on topics on international finance, trade, and the Chinese economy in leading academic journals. His research has also been reported in Financial Times, Wall Street Journal, Economist, Business Week, Chicago Tribune, and other news media.

 

David Weinstein
Carl Sumner Shoup Professor of Japanese Economics
Columbia University, Department of Economics

Areas of expertise: International trade and Japanese economy
Previously, Professor Weinstein was a Senior Economist and a consultant at the Federal Reserve Bank of New York and at the Federal Reserve Bank of San Francisco and the Federal Reserve Board of Governors. He also served on the Council of Economic Advisors from 1989 to 1990. His teaching and research interests include international economics, macroeconomics, corporate finance, the Japanese economy, and industrial policy.

 

Gabriel Weintraub
Assistant Professor of Decision, Risk and Operations
Columbia Business School

Areas of expertise: Operations/management science and applied economics
Professor Weintraub's research covers several subjects that lie in the intersection between operations/management science, and applied economics. He is particularly interested in developing mathematical and computational models for the economic analysis of problems in operations; as well as making contributions to industrial organization and computational economics.

 

Pierre Yared
Ronald H. Cushman Associate Professor of Economics
Columbia Business School

Areas of expertise: Operations/management science and applied economics
Professor Yared's research examines a wide range of issues in macroeconomics and political economy. One branch of research explores the effect of political institutions on economic phenomena such as growth, trade, and public spending and debt. A second branch of research explores the impact of macroeconomic forces on political phenomena such as democratic transitions, coups, and violent conflict.

 

Frequently Asked Questions

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Winter study tours are announced in May; spring tours are announced in October. Check our study tour page for updates.


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