Associate Professor of Finance
Valentin Haddad’s research interests lie in asset pricing and macroeconomics with financial frictions. He has looked at how financial institutions trade and manage risk, and how their practices affect market prices and the economy — and found that a lot of what we thought was obvious is not. His recent studies show that life insurance companies’ investments in Treasuries, contrary to traditional assumptions, are actually quite risky.
Active investors take up some — but not all — of the slack created by index funds
Some investment vehicles are more reliant than others on the health of trading firms
A model examines the relationships between innovation, speculation and market values
Private equity investors weigh the total cost of capital — not just debt, but equity as well — when pursuing buyouts
Valentin Haddad’s research looks at the phenomenon of “information aversion,” when individual investors stop tracking their portfolios for fear of bad news
Valentin Haddad’s research finds that insurers’ patient investing shields risky assets — and those who hold them — from steeper declines