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
Links (3)
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
Dynamic Portfolio Choice with Frictions
Journal of Economic Theory
Nicolae Gârleanu and Lasse Heje Pedersen
2016
Financial Entanglement: A Theory of Incomplete Integration, Leverage, Crashes, and Contagion
American Economic Review
Nicolae Gârleanu, Stavros Panageas, and Jianfeng Yu
2015
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
Dynamic Trading with Predictable Returns and Transaction Costs
Journal of Finance
Nicolae Gârleanu and Lasse Heje Pedersen
2013
Displacement Risk and Asset Returns
Journal of Financial Economics
Nicolae Gârleanu, Leonid Kogan, and Stavros Panageas
2012
Liquidity and Risk Management
American Economic Review Papers and Proceedings
Nicolae Gârleanu and Lasse Heje Pedersen
2007
Valuation in Over-the-Counter Markets
Review of Financial Studies
Nicolae Gârleanu, Darrell Duffie and Lasse Heje Pedersen
2006
Design and Renegotiation of Debt Covenants
Review of Financial Studies
Nicolae Gârleanu and Jeffrey Zwiebel
2006
Over-the-Counter Markets
Econometrica
Nicolae Gârleanu, Darrell Duffie and Lasse Heje Pedersen
2005
Adverse Selection and the Required Return
Review of Financial Studies
Nicolae Gârleanu and Lasse Heje Pedersen
2003
Securities Lending, Shorting, and Pricing
Journal of Financial Economics
Nicolae Gârleanu, Darrell Duffie, and Lasse Heje Pedersen
2002