R. Glenn Hubbard
Dean Emeritus; Russell L. Carson Professor of Finance and Economics
Economics
BA, BS, University of Central Florida, 1979; AM, Harvard, 1981; PhD, 1983
Joined CBS in 1988
Office:
572
Kravis
Phone:
212-854-2888
E-mail:
[email protected]
Personal Website
Curriculum Vitae
Biography
Professor Hubbard is a specialist in public economics, managerial information and incentive problems in corporate finance, and financial markets and institutions. He has written more than 100 articles and books on corporate finance, investment decisions, banking, energy economics and public policy, including two textbooks, and has authored The Wall and the Bridge and coauthored Balance, The Aid Trap, and Healthy, Wealthy, and Wise. Hubbard has applied his research interests in business (as a corporate director consultant on taxation and corporate finance), in government (as a former Chair of the U.S. Council of Economic Advisers and the OECD Economic Policy Committee, as well as Deputy Assistant Secretary of the U.S. Treasury Department and as a consultant to the Federal Reserve Board, Federal Reserve Bank of New York, and many government agencies) and in academia (in faculty collaboration or visiting appointments at Columbia, University of Chicago and Harvard). He is co-chair the Committee on Capital Markets and Regulation and past chair of the Economic Club of New York and the Study Group on Corporate Boards.
Teaching
Spring 2022
Business and Society: Reconciling Shareholder and Stakeholder Interests
(MBA)
Spring 2021
The Pandemic Economy: Analysis, Challenges, And Opportunities
(MBA)
Fall 2021
Modern Political Economy
(MBA)
Entrepreneurial Finance
(MBA)
Summer 2020
Entrepreneurial Finance
(EMBA)
Spring 2019
Entrepreneurial Finance
(EMBA)
Summer 2019
Entrepreneurial Finance
(EMBA)
Spring 2018
Entrepreneurial Finance
(EMBA)
Summer 2018
Columbia Caseworks cases
The St. Louis Renaissance Grand Hotel: Does a Shift in Context Create an Opportunity?
(2010)
Coauthor(s): Michael Keehner, Glenn Hubbard
Theracor Pharmaceuticals, Inc.
(2008)
Coauthor(s): Michael Keehner, R. Glenn Hubbard
Research
Journal articles
The Mortgage Market Meltdown and House Prices
In <a href="http://www.bepress.com/bejeap/vol9/iss3/art8/">The B.E. Journal of Economic Analysis & Policy</a>
(2009)
Coauthor(s): R. Glenn Hubbard, Christopher Mayer
'Success Taxes,' Entrepreneurial Entry, and Innovation
In Innovation, Policy, and the Economy
(2005)
Coauthor(s): R. Glenn Hubbard
Precautionary savings and the governance of nonprofit organizations
In Journal of Public Economics
(2005)
Coauthor(s): R. Glenn Hubbard
The Effects of Progressive Taxation on Job Turnover
In Journal of Public Economics
(2005)
Coauthor(s): R. Glenn Hubbard
The Effect of the Tax Reform Act of 1986 on the Location of Assets in Financial Services Firms
In Journal of Public Economics
(2003)
Coauthor(s): Rosanne Altshuler, R. Glenn Hubbard
Taxing Multinationals
In International Tax and Public Finance
(2003)
Coauthor(s): M. Devereux, R. Glenn Hubbard
Are There Bank Effects in Borrowers' Costs of Funds? Evidence from a Matched Sample of Borrowers and Banks
In Journal of Business
(2002)
Coauthor(s): R. Glenn Hubbard, Kenneth Kuttner, Darius Palia
Are Dividend Taxes and Imputation Credits Capitalized in Share Values?
In Journal of Public Economics
(2001)
Coauthor(s): R. Glenn Hubbard, Trevor Harris
The Share Price Effects of Dividend Taxes and Tax Imputation Credits
In Journal of Public Economics
(2001)
Coauthor(s): Trevor Harris, R. Glenn Hubbard
Tax Policy and Entrepreneurial Entry
In American Economic Review
(2000)
Coauthor(s): R. Glenn Hubbard
A Reexamination of the Conglomerate Merger Wave in the 1960s: An Internal Capital Markets View
In Journal of Finance
(1999)
Coauthor(s): R. Glenn Hubbard, Darius Palia
Understanding the Determinants of Managerial Ownership and the Link Between Ownership and Performance
In Journal of Financial Economics
(1999)
Coauthor(s): R. Glenn Hubbard, Darius Palia
Investment Incentives Blunted by Changes in Prices of Capital Goods?: International Evidence
In International Finance
(1998)
Coauthor(s): Kevin Hassett, R. Glenn Hubbard
Capital-Market Imperfections and Investment
In Journal of Economic Literature
(1998)
Coauthor(s): R. Glenn Hubbard
Fundamental Tax Reform and Corporate Financial Policy
In Tax Policy and the Economy
(1998)
Coauthor(s): R. Glenn Hubbard
How Different Are Income and Consumption Taxes?
In American Economic Review
(1997)
Coauthor(s): R. Glenn Hubbard
Distributional Implications of Introducing a Broad-Based Consumption Tax
In Tax Policy and the Economy
(1997)
Coauthor(s): R. Glenn Hubbard
Tax Reforms and Investment: A Cross-Country Comparison
In Journal of Public Economics
(1996)
Coauthor(s): Jason Cummins, Kevin Hassett, R. Glenn Hubbard
The Political Economy of Branching Restrictions and Deposit Insurance: A Model of Monopolistic Competition Among Small and Large Banks
In Journal of Law and Economics
(1996)
Coauthor(s): Nicholas Economides, R. Glenn Hubbard, Darius Palia
Assessing the Effectiveness of Saving Incentives
In Journal of Economic Perspectives
(1996)
Coauthor(s): R. Glenn Hubbard, Jonathan Skinner
Tax Policy, Internal Finance, and Investment: Evidence from the Undistributed Profits Tax of 1936-1937
In Journal of Business
(1995)
Coauthor(s): Charles Calomiris, R. Glenn Hubbard
Executive Pay and Performance: Evidence from the U.S. Banking Industry
In Journal of Financial Economics
(1995)
Coauthor(s): R. Glenn Hubbard, Darius Palia
Internal Finance and Firm-Level Investment
In Journal of Money, Credit, and Banking
(1995)
Coauthor(s): R. Glenn Hubbard, Anil Kashyap, Toni Whited
Precautionary Saving and Social Insurance
In Journal of Political Economy
(1995)
Coauthor(s): R. Glenn Hubbard, Jonathan Skinner, Stephen Zeldes
Benefits of Control, Managerial Ownership, and the Stock Returns of Acquiring Firms
In RAND Journal of Economics
(1995)
Coauthor(s): R. Glenn Hubbard, Darius Palia
The Importance of Precautionary Motives for Explaining Individual and Aggregate Saving
In Carnegie-Rochester Conference Series on Public Policy
(1994)
Coauthor(s): R. Glenn Hubbard, Jonathan Skinner, Stephen Zeldes
Expanding the Life-Cycle Model: Precautionary Saving and Public Policy
In American Economic Review
(1994)
Coauthor(s): R. Glenn Hubbard, Jonathan Skinner, Stephen Zeldes
A Reconsideration of Investment Behavior Using Tax Reforms as Natural Experiments
In Brookings Papers on Economic Activity
(1994)
Coauthor(s): Jason Cummins, Kevin Hassett, R. Glenn Hubbard, Robert Hall, Ricardo Caballero
Books
The Aid Trap: Hard Truths About Ending Poverty
(2009)
Coauthor(s): R. Glenn Hubbard, William Duggan
Healthy, Wealthy, and Wise: Five Steps to a Better Health Care System
(2005)
Coauthor(s): John Cogan, R. Glenn Hubbard, Daniel Kessler
Chapters
The Role of Nonprofit Endowments
In The Governance of Not-for-Profit Organizations
(2003)
Coauthor(s): R. Glenn Hubbard
Inflation and the User Cost of Capital: Does Inflation Still Matter?
In The Costs and Benefits of Price Stability
(1999)
Coauthor(s): Darrel Cohen, Kevin Hassett, R. Glenn Hubbard
Tax Policy and Investment
In Fiscal Policy: Lessons from Economic Research
(1997)
Coauthor(s): Kevin Hassett, R. Glenn Hubbard
International Adjustment Under the Classical Gold Standard: Evidence for the U.S. and Britain, 1879-1914
In Modern Perspectives on the Gold Standard
(1996)
Coauthor(s): Charles Calomiris, R. Glenn Hubbard
Do Tax Reforms Affect Investment?
In Tax Policy and the Economy
(1995)
Coauthor(s): Jason Cummins, Kevin Hassett, R. Glenn Hubbard
The Tax Sensitivity of Foreign Direct Investment: Evidence from Firm-Level Panel Data
In Effects of Taxation on Multinational Corporations
(1995)
Coauthor(s): Jason Cummins, R. Glenn Hubbard
Working papers
Options Pricing and Accounting Practice
In American Enterprise Institute for Public Policy Research
(2004)
Coauthor(s): Charles Calomiris, R. Glenn Hubbard
Ideas and Insights
In The Media
Balance of Power Full Show
At Columbia’s $600 Million Business School, Time to Rethink Capitalism
Hubbard: Likely to See Recession
Post-Pandemic Fiscal Spending Bears Much of the Blame for US Inflation
Even My Business-School Students Have Doubts about Capitalism
Press Releases
Magazine articles
Roots of Prosperity
In Strategy+Business
(2010)
Coauthor(s): William Duggan, R. Glenn Hubbard
The Forgotten Lessons of the Marshall Plan
In strategy+business
(2008)
Coauthor(s): R. Glenn Hubbard, William Duggan
Newspaper articles
Why Africa Needs a Marshall Plan
In Financial Times
(2007)
Coauthor(s): R. Glenn Hubbard, William Duggan
Awards And Honors