hero image
Nicolae Gârleanu - Haas School of Business, University of California, Berkeley. Berkeley, CA, US

Nicolae Gârleanu Nicolae Gârleanu

Professor | The Paul H. Stephens Chair in Applied Investment Analysis | Director, PhD Program | Haas School of Business, University of California, Berkeley

Berkeley, CA, UNITED STATES

Areas of Expertise (3)

Economics

Risk Management

Finance

Education (3)

Graduate School of Business, Stanford University: PhD, Finance

University of Pennsylvania: MA, Mathematics, Summa Cum Laude

University of Pennsylvania: BA, Mathematics, Summa Cum Laude

Honors & Awards (5)

Smith Breeden Prize, 2012

Best paper published in the Journal of Finance in an area other than corporate finance
"Technological Growth and Asset Prices"

Michael Brennan Award, 2012

Best paper in The Review of Financial Studies
"Margin-Based Asset Pricing and the Law of One Price"

AIM Investment Center Best Paper Award, 2016

"Efficiently Inefficient Markets for Assets and Asset Management"

Cheit Award for Excellence in Teaching, PhD Program

2012

Utah Winter Finance Conference Best Paper Award, 2011

"Displacement Risk and Asset Returns"

Selected External Service & Affiliations (2)

  • Faculty Research Fellow, National Bureau of Economic Research
  • Research Affiliate, Centre for Economic Policy Research

Positions Held (2)

At Haas since 2007

2011 – present, The Paul H. Stephens Chair in Applied Investment Analysis
2009 – present, Associate Professor, Haas School of Business
2007 – 2009, Assistant Professor, Haas School of Business
2003 - 2007, Assistant Professor of Finance, University of Pennsylvania
2002 - 2003, Assistant Professor of Finance, INSEAD

Visiting Positions

2010, University of Melbourne, Visiting Associate Professor of Finance
2008, University of Tokyo, Visiting Professor of Finance

Selected Papers & Publications (12)

Efficiently Inefficient Markets for Assets and Asset Management Journal of Finance

Nicolae Gârleanu and Lasse Heje Pedersen

2018

view more

Dynamic Portfolio Choice with Frictions Journal of Economic Theory

Nicolae Gârleanu and Lasse Heje Pedersen

2016

view more

Financial Entanglement: A Theory of Incomplete Integration, Leverage, Crashes, and Contagion American Economic Review

Nicolae Gârleanu, Stavros Panageas, and Jianfeng Yu

2015

view more

Young, Old, Conservative, and Bold: The Implications of Heterogeneity and Finite Lives for Asset Pricing Journal of Political Economy

Nicolae Gârleanu and Stavros Panageas

2015

view more

Dynamic Trading with Predictable Returns and Transaction Costs Journal of Finance

Nicolae Gârleanu and Lasse Heje Pedersen

2013

view more

Displacement Risk and Asset Returns Journal of Financial Economics

Nicolae Gârleanu, Leonid Kogan, and Stavros Panageas

2012

view more

Liquidity and Risk Management American Economic Review Papers and Proceedings

Nicolae Gârleanu and Lasse Heje Pedersen

2007

view more

Valuation in Over-the-Counter Markets Review of Financial Studies

Nicolae Gârleanu, Darrell Duffie and Lasse Heje Pedersen

2006

view more

Design and Renegotiation of Debt Covenants Review of Financial Studies

Nicolae Gârleanu and Jeffrey Zwiebel

2006

view more

Over-the-Counter Markets Econometrica

Nicolae Gârleanu, Darrell Duffie and Lasse Heje Pedersen

2005

view more

Adverse Selection and the Required Return Review of Financial Studies

Nicolae Gârleanu and Lasse Heje Pedersen

2003

view more

Securities Lending, Shorting, and Pricing Journal of Financial Economics

Nicolae Gârleanu, Darrell Duffie, and Lasse Heje Pedersen

2002

view more