Kent Daniel
William von Mueffling Professor of Business; Chair of Finance Division at Columbia Business School
Biography
Columbia Business School
Biography
Kent Daniel is a Professor in the Finance and Economics Division at the Graduate School of Business at Columbia University. From 1996 to 2006, Kent was at the Kellogg School of Management at Northwestern University, where he was the John and Helen Kellogg Distinguished Professor of Finance (on leave from 2004-2006). Previously, he served on the faculties of the University of Chicago and the University of British Columbia.
Between 2004 and 2010, Kent was with the Quantitative Investment Strategies group at Goldman Sachs Asset Management. In 2005, he became a managing director and head of the QIS equity research effort. He became a co-chief investment officer in 2009.
Kent's academic research, both theoretical and empirical, has been primarily in the areas of behavioral finance and asset pricing. In addition to other awards, his academic papers received the 1997 and 1999 Smith-Breeden awards for the best paper in the Journal of Finance. His papers have been reprinted in several books. He also received the Sidney J. Levy Teaching Award for 1996-1997 and 2000-2001 at the Kellogg School.
Kent is a research associate at the National Bureau of Economic Research. He has served as an associate editor for the Journal of Finance, as a director of the American Finance Association, and as a director of the Western Finance Association. Kent received a B.S. with honors in Physics from the California Institute of Technology in 1981 and an M.B.A. from UCLA in 1987. He received his Ph.D. in Finance from UCLA in 1992.
Teaching
Spring 2018
The Business Of Climate Change: Investing And Managing In A Changing Environment (MBA)
Fall 2017
Capital Markets & Investments (MBA)
Spring 2017
The Business Of Climate Change: Investing And Managing In A Changing Environment (MBA)
(PhD) Behavioral Finance (PHD)
Fall 2016
Capital Markets & Investments (MBA)
Fall 2015
Capital Markets & Investments (MBA)
Spring 2015
(PhD) Behavioral Finance (PHD)
Spring 2014
Capital Markets & Investments (MBA)
(PhD) Behavioral Finance (PHD)
Spring 2013
Capital Markets & Investments (MBA)
(PhD) Behavioral Finance (PHD)
Spring 2012
(PhD) Behavioral Finance (PHD)
Capital Markets & Investments (MBA)
Research
Journal articles
Another Look at Market Responses to Tangible and Intangible Information In Critical Finance Review (forthcoming)
Coauthor(s): Kent Daniel, Sheridan Titman
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Momentum Crashes In Journal of Financial Economics (forthcoming)
Coauthor(s): Kent Daniel, Tobias Moskowitz
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The Carry Trade: Risks and Drawdowns In Critical Finance Review (2017)
Coauthor(s): Kent Daniel, Robert Hodrick, Zhongjin Lu
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Overconfident Investors, Predictable Returns, and Excessive Trading In Journal of Economic Perspectives (2015)
Coauthor(s): Kent Daniel, David Hirshleifer
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Testing Factor-Model Explanations of Market Anomalies In Critical Finance Review (2012)
Coauthor(s): Kent Daniel, Sheridan Titman
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Anatomy of a Crisis In CFA Institute Conference Proceedings Quarterly (2009)
Coauthor(s): Kent Daniel
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Working papers
Applying Asset Pricing Theory to Calibrate the Price of Climate Risk (2015)
Coauthor(s): Kent Daniel, Robert Litterman, Gernot Wagner
More Information Download paper (PDF) Ideas and Insights
Liquidity and Return Reversals (2014)
Coauthor(s): Pierre Collin-Dufresne, Kent Daniel
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Strategic Asset Allocation with Predictable Returns and Transaction Costs (2014)
Coauthor(s): Pierre Collin-Dufresne, Kent Daniel, Ciamac Moallemi, Mehmet Saglam
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Tail Risk in Momentum Strategy Returns (2012)
Coauthor(s): Kent Daniel, Ravi Jagannathan, Soohun Kim
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Ideas and Insights
The High Cost of Climate Uncertainty (2015)
In The News
Media Mentions
Why Investors Shouldn’t Give Up on Momentum Investing
Why Investors Shouldn''t Give up on Momentum Investing
Videos
Kent Daniel: Liquidity and Return Reversals
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