Biography

Professor Hodrick is known for her ground-breaking research on corporate financial decisions, with a particular interest in corporate cash holdings and capital allocation, including share repurchases and dividends, takeovers, and equity offerings. In recognition, she has been awarded the National Science Foundation Presidential Young Investigator Award, a Smith Breeden Prize for Distinguished Paper in the Journal of Finance, the Western Finance Association's Trefftzs Award, a Roger F. Murray Award for Excellence from the Institute for Quantitative Research in Finance, and numerous research grants. Her work has been published in such acclaimed journals as the American Economic Review, Journal of Finance, Journal of Financial Economics, and Management Science among others. She has served as a National Fellow at the Hoover Institution on War, Revolution, and Peace at Stanford, and she was selected as one of "Forty under Forty" by Crain's Chicago Business.

Professor Hodrick has also received many awards for teaching excellence, including the Columbia University Presidential Award for Outstanding Teaching. She has received the Singhvi Prize for Scholarship in the Classroom at Columbia Business School three times and has been named the most popular professor at Columbia Business School by Business Week. Prior to joining the Columbia Business School faculty in 1996, Professor Hodrick was a professor at the Kellogg Graduate School of Management at Northwestern University, where she was recipient of the Teacher of the Year award.

Professor Hodrick served as the Founding Director of the Program for Financial Studies at Columbia Business School from 2010-2015. She has also served as Treasurer and Finance Chair of a 501(c)(3) charitable organization.

Professor Hodrick serves as an independent director for Corporate Capital Trust (NYSE: CCT), a business development company advised by FS/KKR Advisor focused on making originated, senior secured loans to middle market companies, which went public November 2017. She is Chair of the Independent Directors Committee and a member of the audit committee, for which she is designated as an audit committee financial expert, as well as a member of the nominating and governance committee. Hodrick also serves as an independent director for PGIM Funds, the $90 billion retail investments business of PGIM, the global investment management business of US-based Prudential Financial, Inc., as a member of the audit and investment committees. Hodrick also serves as an independent director for Kabbage, a private global financial services, technology and data platform serving small businesses. She served as an Independent Director/Trustee at Merrill Lynch Investment Managers from 1999-2006, for which she was designated as an audit committee financial expert.

Professor Hodrick was a Managing Director at Deutsche Bank from 2006-2008, where she was Global Head of Alternative Investment Strategies. She ran a trading strategy for Deutsche Bank Alternative Trading from 2008-2009.

Professor Hodrick received a BA in Economics, summa cum laude, from Duke University and a PhD in Economics from Stanford University.

Memberships & Affiliations