Daniel Bergstresser

I am an Associate Professor at the Brandeis International Business School. I also serve as the Area Head for Finance at Brandeis. My research focuses on municipal finance and on the impact of taxation, regulation, and market structure on financial markets. This research has been published in the Journal of Law and Economics, the Journal of Financial Economics, The Quarterly Journal of Economics, Review of Financial Studies, Municipal Finance Journal, and Journal of Public Economics, and has been widely cited in both the academic and business press. I earned a Ph.D. in Economics at MIT, and earned an A.B. at Stanford. In 2006 and 2007, I worked for the investment manager Barclays Global Investors, serving in London as Head of European Credit Research. Prior to graduate school, I worked for the Federal Reserve Board in Washington D.C.

Specializations

My research focuses on municipal finance, taxation, household financial behavior, corporate governance, and corporate financial reporting.

Degrees

Massachusetts Institute of Technology, Ph.D.

Publications

• Bergstresser, Daniel and Peter Orr. "Direct Bank Investment in Municipal Debt." Municipal Finance Journal (2014). (forthcoming)
• Becker, Bo, Daniel Bergstresser, and Guhan Subramanian. "Does Shareholder Proxy Access Improve Firm Value? Evidence from the Business Roundtable Challenge." Journal of Law and Economics (2013). (forthcoming)
• Bergstresser, Daniel, Randy Cohen, and Sid Shenai. "Fractionalization and the municipal bond market." Municipal Finance Journal (2013). (forthcoming)
• Bergstresser, Daniel and Jeffrey Pontiff. "Investment taxation and portfolio performance." Journal of Public Economics 97. (2013): 245-257.
• Bergstresser, Daniel, Randy Cohen, and Sid Shenai. "Financial guarantors and the 2007-2009 credit crisis." 2013.
• Bergstresser, Daniel and Randy Cohen. Jefferson County (A): An EPA Mandate. Harvard Business Publishing: 2012.
• Bergstresser, Daniel and Randy Cohen. Jefferson County B: Borrowing in March 1997. Harvard Business Publishing: 2012.
• Bergstresser, Daniel and Randy Cohen. Jefferson County C: Subsequent Issuance. Harvard Business Publishing: 2012.
• Bergstresser, Daniel and Randy Cohen. Jefferson County D: February of 2008. Harvard Business Publishing: 2012.
• Bergstresser, Daniel and Randy Cohen. Jefferson County E: Postscript. Harvard Business Publishing: 2012.
• Bergstresser, Daniel, Randy Cohen, and Jeff Klein. Jefferson County: Specific Swap Detail. Harvard Business Publishing: 2012.
• Bergstresser, Daniel and Randy Cohen. "Why fears about municipal credit are overblown." 2011.
• Bergstresser, Daniel, Lauren Cohen, Randy Cohen, and Christopher Malloy. AQR's DELTA Strategy. Harvard Business Publishing: 2011.
• Bergstresser, Daniel, Lauren Cohen, Randy Cohen, and Christopher Malloy. AQR's Momentum Funds (A). Harvard Business Publishing: 2011.
• Bergstresser, Daniel, Lauren Cohen, Randy Cohen, and Christopher Malloy. AQR's Momentum Funds (B). Harvard Business Publishing: 2011.
• Bergstresser, Daniel, Clayton Rose, and David Lane. The Tip of the Iceberg: JP Morgan Chase and Bear Stearns (B1). Harvard Business Publishing: 2009.
• Bergstresser, Daniel, Clayton Rose, and David Lane. The Tip of the Iceberg: JP Morgan Chase and Bear Stearns (B2). Harvard Business Publishing: 2009.
• Bergstresser, Daniel, John M.R. Chalmers, and Peter Tufano. "Assessing the costs and benefits of brokers in the mutual fund industry." Review of Financial Studies 22. 10 (2009): 4129-4156.
• Bergstresser, Daniel, Robin Greenwood, and James Quinn. Washington Mutual's Covered Bonds. Harvard Business Publishing: 2009.
• Bergstresser, Daniel, Shawn Cole, and Sid Shenai. UBS and Auction Rate Securities (A). Harvard Business Publishing: 2009.
• Bergstresser, Daniel, Shawn Cole, and Sid Shenai. UBS and Auction Rate Securities (B). Harvard Business Publishing: 2009.
• Bergstresser, Daniel, Shawn Cole, and Sid Shenai. UBS and Auction Rate Securities (C). Harvard Business Publishing: 2009.
• Daniel B. Bergstresser, Clayton Rose, David Lane. The Tip of the Iceberg: JP Morgan and Bear Stearns (A). Harvard Business School Publishing: 2009.
• Bergstresser, Daniel. Primus, 2007. Harvard Business Publishing: 2008.
• Bergstresser, Daniel and Thomas Philippon. "CEO incentives and earnings management." Journal of Financial Economics 80. 3 (2006): 511-529.
• Bergstresser, Daniel, Mihir Desai, and Joshua Rauh. "Earnings Manipulation, Pension Assumptions, and Managerial Investment Decisio." Quarterly Journal of Economics 121. 1 (2006): 157-195.
• Bergstresser, Daniel, Ken Froot, and Darren Smart. UAL, 2004: Pulling Out of Bankruptcy. Harvard Business Publishing: 2005.
• Bergstresser, Daniel and James Poterba. "Asset allocation and asset location: household evidence from the Survey of Consumer Finances." Journal of Public Economics 88. 9-10 (2004): 1893-1915.
• Bergstresser, Daniel. "Do after-tax returns affect mutual fund inflows?." Journal of Financial Economics 63. (2002): 381-414.

Awards & Honors

• (2004) BGI award for best symposium paper at European Finance Association meetings
• (1997 - 2002) National Science Foundation Graduate Research Fellowship