Kellogg School of Management


Trust Companies and the Impact of the Panic of 1907


Kellogg School of Management
Associate Professor of Finance

Carola Frydman is an Associate Professor of Finance at the Kellogg School of Management. Professor Frydman's research focuses on American business history. Recent research projects examine the evolution of financial markets during the early twentieth century, with special emphasis on the role of financial intermediaries for firm growth, and on financial crises. She has also studied the long-run trends in executive compensation, the market for managers, and corporate governance. Her work has been published at journals such as the Journal of Political Economy, the Journal of Financial Economics, and the Journal of Economic History, and featured in The Wall Street Journal, the New York Times, and The Economist. She is on the Editorial Board of Explorations in Economic History, the Journal of Economic History, and of the _Review Studies in Corporate Finance. _Prior to joining Kellogg, Professor Frydman was an Assistant Professor of Finance at the MIT Sloan School of Management (2006-2011) and an Assistant Professor of Economics at Boston University (2011-2016). She holds a Ph.D. in Economics from Harvard University, and B.A. and M.A. degrees in Economics from Universidad de San Andres, Argentina, and is a Faculty Research Fellow at the National Bureau of Economic Research.

Areas of Expertise Banking and Financial Institutions
Corporate Finance
Corporate Governance
Economics of Organizations
Management Compensation

Education Ph.D., 2006, Economics, Harvard University

M.A., 2004, Economics, Harvard University

M.A., 2000, Economics, Universidad de San Andres

B.A., 1999, Economics, Universidad de San Andrés , Universidad de San Andres, Summa Cum Laude

Academic Positions Assistant Professor, Economics, Boston University, 2011-present

Faculty Research Fellow, National Bureau of Economic Research, National Bureau of Economic Research (NBER), 2007-present

Visiting Associate Professor of Finance, Kellogg School of Management, Northwestern University, 2013-2014

Assistant Professor of Finance, Sloan School of Management, Massachusetts Institute of Technology, 2006-2013

Visiting Scholar, National Bureau of Economic Research, University of Cambridge, 2009-2010

Other Professional Experience Local Arrangements Committee, Economic History Associations Meeting, 2010-2011

Program Committee Member, American Finance Association Meetings, 2010-2010

Program Committee Member, Western Finance Association Meetings, 2009-2010

Early Career Women in Finance Conference, Women in Finance Conference, 2009-2009

Program Committee Member, Western Finance Association Meetings, 2007-2007

Editorial Positions Editorial Board, Review of Corporate Finance Studies, 2016-2018

Editorial Board, Journal of Economic History, 2017-2019

Editorial Board, Explorations in Economic History, 2016-2018

Education Academic Positions Other Professional Experience Editorial Positions

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