Kent Daniel
Jean-Marie Eveillard/First Eagle Investment Management Professor of Business
Finance
Joined CBS in 2010
Office:
766
Kravis
Phone:
212-854-4679
E-mail:
[email protected]
Fax:
212-316-9180
Curriculum Vitae
Biography
Kent Daniel is the Jean-Marie Eveillard/First Eagle Investment Management Professor of Business in the Finance Division at the Graduate School of Business at Columbia University. From 1996 to 2006, Kent was at the Kellogg School of Management at Northwestern University, where he was the John and Helen Kellogg Distinguished Professor of Finance (on leave from 2004-2006). Previously, he served on the faculties of the University of Chicago and the University of British Columbia.
Between 2004 and 2010, Kent was with the Quantitative Investment Strategies group at Goldman Sachs Asset Management. In 2005, he became a managing director and head of the QIS equity research effort. He became a co-chief investment officer in 2009.
Kent's academic research, both theoretical and empirical, has been primarily in the areas of behavioral finance and asset pricing. In addition to other awards, his academic papers received the 1997 and 1999 Smith-Breeden awards for the best paper in the Journal of Finance. His papers have been reprinted in several books. He also received the Sidney J. Levy Teaching Award for 1996-1997 and 2000-2001 at the Kellogg School.
Kent is a research associate at the National Bureau of Economic Research. He has served as an associate editor for the Journal of Finance, as a director of the American Finance Association, and as a director of the Western Finance Association. Kent received a B.S. with honors in Physics from the California Institute of Technology in 1981 and an M.B.A. from UCLA in 1987. He received his Ph.D. in Finance from UCLA in 1992.
Research
Journal articles
Another Look at Market Responses to Tangible and Intangible Information
In Critical Finance Review
(forthcoming)
Coauthor(s): Kent Daniel, Sheridan Titman
Momentum Crashes
In Journal of Financial Economics
(forthcoming)
Coauthor(s): Kent Daniel, Tobias Moskowitz
The Carry Trade: Risks and Drawdowns
In Critical Finance Review
(2017)
Coauthor(s): Kent Daniel, Robert Hodrick, Zhongjin Lu
Overconfident Investors, Predictable Returns, and Excessive Trading
In Journal of Economic Perspectives
(2015)
Coauthor(s): Kent Daniel, David Hirshleifer
Testing Factor-Model Explanations of Market Anomalies
In Critical Finance Review
(2012)
Coauthor(s): Kent Daniel, Sheridan Titman
Anatomy of a Crisis
In CFA Institute Conference Proceedings Quarterly
(2009)
Coauthor(s): Kent Daniel
Working papers
Overconfidence, Information Diffusion, and Mispricing Persistence
(2020)
Coauthor(s): Kent Daniel, Alexander Klos, Simon Rottke
The Cross-Section of Risk and Return
(2019)
Coauthor(s): Kent Daniel, Lira Mota, Simon Rottke, Tano Santos
A Hidden Markov Model of Momentum
(2019)
Coauthor(s): Kent Daniel, Ravi Jagannathan, Soohun Kim
Applying Asset Pricing Theory to Calibrate the Price of Climate Risk
(2018)
Coauthor(s): Kent Daniel, Robert Litterman, Gernot Wagner
Liquidity and Return Reversals
(2014)
Coauthor(s): Pierre Collin-Dufresne, Kent Daniel
Strategic Asset Allocation with Predictable Returns and Transaction Costs
(2014)
Coauthor(s): Pierre Collin-Dufresne, Kent Daniel, Ciamac Moallemi, Mehmet Saglam
Tail Risk in Momentum Strategy Returns
(2012)
Coauthor(s): Kent Daniel, Ravi Jagannathan, Soohun Kim