Tano Santos
Robert Heilbrunn Professor of Asset Management and Finance
Finance
BS, Universidad Complutense de Madrid, 1990; PhD, University of Chicago, 1996.
Joined CBS in 2003
Office:
797
Kravis
Phone:
212-854-0489
E-mail:
[email protected]
Fax:
212-662-8474
Curriculum Vitae
Biography
Professor Santos' research focuses on two distinct areas. A first interest is the field of asset pricing with a particular emphasis on theoretical and empirical models that can account for the predictability of returns, both in the time series and the cross section. A second interest of Professor Santos is applied economic theory, specifically, the economics of financial innovations as well as theory of organizations. He teaches options markets.
Teaching
Spring 2022
Value Investing
(MBA)
Value Investing with Legends
(MBA)
Spring 2021
Value Investing
(MBA)
Value Investing with Legends
(MBA)
Value Investing
(MBA)
Fall 2021
Modern Political Economy
(MBA)
Modern Value
(MBA)
Spring 2020
Value Investing
(MBA)
Value Investing with Legends
(MBA)
Modern Value
(EMBA)
Fall 2020
Spring 2019
Value Investing
(MBA)
Value Investing with Legends
(MBA)
Fall 2019
Fall 2018
Columbia Caseworks cases
O'Reilly Automative Inc. IPO to 2010: The Power of High-Quality Compounders
(2019)
Coauthor(s): Tano Santos, Jeff Mueller
Research
Journal articles
Managerial Style and Attention
In American Economic Journal: Microeconomics
(2021)
Coauthor(s): Wouter Dessein, Tano Santos
Rational Inattention and Organizational Focus
In American Economic Review
(2016)
Coauthor(s): Wouter Dessein, Andrea Galeotti, Tano Santos
The Sovereign-Bank Diabolic Loop and ESBies
In American Economic Review: Papers and Proceedings
(2016)
Coauthor(s): Markus Brunnermeier, Luis Garicano, Philip Lane, Marco Pagano, Ricardo Reis, Tano Santos, David Thesmar, Stijn Van Nieuwerburgh, Dimitri Vayanos
The Sovereign-Bank Diabolic Loop and ESBies
In American Economic Review: Papers & Proceedings
(2016)
Coauthor(s): Markus Brunnermeier, Luis Garicano, Philip Lane, Marco Pagano, Ricardo Reis, Tano Santos, David Thesmar, Stijn Van Nieuwerburgh, Dimitri Vayanos
Cream Skimming in Financial Markets
In The Journal of Finance
(2016)
Coauthor(s): Patrick Bolton, Tano Santos, Jose Scheinkman
Political Credit Cycles: The Case of the Euro Zone
In Journal of Economic Perspectives
(2013)
Coauthor(s): Jesus Fernandez-Villaverde, Luis Garicano, Tano Santos
Outside and Inside Liquidity
In The Quarterly Journal of Economics
(2011)
Coauthor(s): Patrick Bolton, Tano Santos, Jose Scheinkman
Habit Formation, the Cross Section of Stock Returns and the Cash-Flow Risk Puzzle
In Journal of Financial Economics
(2010)
Coauthor(s): Tano Santos, Pietro Veronesi
Market and Public Liquidity
In American Economic Review
(2009)
Coauthor(s): Patrick Bolton, Tano Santos, Jose Scheinkman
Adaptive Organizations
In Journal of Political Economy
(2006)
Coauthor(s): Wouter Dessein, Tano Santos
Labor Income and Predictable Stock Returns
In Review of Financial Studies
(2006)
Coauthor(s): Tano Santos, Pietro Veronesi
Referrals
In American Economic Review
(2004)
Coauthor(s): Luis Garicano, Tano Santos
Understanding Predictability
In Journal of Political Economy
(2004)
Coauthor(s): Lior Menzly, Tano Santos, Pietro Veronesi
A Theory of Markets, Institutions, and Endogenous Preferences
In Journal of Public Economics
(2002)
Coauthor(s): Ignacio Palacios-Huerta, Tano Santos
Competition Among Exchanges
In Quarterly Journal of Economics
(2001)
Coauthor(s): Tano Santos, Jose Scheinkman
Financial Intermediation Without Exclusivity
In American Economic Review
(2001)
Coauthor(s): Tano Santos, Jose Scheinkman
Prospect Theory and Asset Prices
In Quarterly Journal of Economics
(2001)
Coauthor(s): Nicholas Barberis, Ming Huang, Tano Santos
Working papers
The Cross-Section of Risk and Return
(2019)
Coauthor(s): Kent Daniel, Lira Mota, Simon Rottke, Tano Santos
Leverage
(2018)
Coauthor(s): Tano Santos, Pietro Veronesi
Internet Appendix to Accompany "Leverage"
(2018)
Coauthor(s): Tano Santos, Pietro Veronesi
Savings Gluts and Financial Fragility
(2017)
Coauthor(s): Patrick Bolton, Tano Santos, Jose Scheinkman
El Diluvio: The Spanish Banking Crisis, 2008–2012
(2017)
Coauthor(s): Tano Santos
Institutions and Political Party Systems: The Euro Case
(2017)
Coauthor(s): Jesus Fernandez-Villaverde, Tano Santos
Credit Booms: Implications for the Public and the Private Sector
In Working Papers No. 481
(2015)
Coauthor(s): Tano Santos
Antes del diluvio: The Spanish banking system in the first decade of the euro
(2014)
Coauthor(s): Tano Santos
Contractible Signals and Security Design
(2005)
Coauthor(s): Kazuhiko Ohashi, Tano Santos
Ideas and Insights
In The Media
Magazine articles
De bancos y zombis
(2009)
Coauthor(s): Tano Santos
How to Prepare for Financial Meltdowns
In Forbes.com
(2009)
Coauthor(s): Bruce Kogut, Patrick Bolton, Tano Santos
Newspaper articles
Tras el Banco Base, volver a empezar
(2011)
Coauthor(s): Tano Santos
La bancarrota necesaria
In El Pais
(2010)
Coauthor(s): J. Fernandez-Villaverde, L. Garicano, Tano Santos
Una España de dos velocidades
In La Vanguardia
(2010)
Coauthor(s): Tano Santos
España, en el ojo del huracán
(2010)
Coauthor(s): Tano Santos
(2010)
Coauthor(s): Tano Santos
Tarde, mal y nunca: una oportunidad perdida
In El Mundo
(2010)
Coauthor(s): Tano Santos
Recuperar la credibilidad
(2010)
Coauthor(s): Tano Santos