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Carroll School of Management

David Solomon

assistant professor - finance department

David Solomon

Fulton Hall 360D
617-552-8245
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EDUCATION

Ph.D., University of Chicago Booth School of Business, 2009
M.B.A., University of Chigcago Booth School of Business, 2009
B.C.o.m.(Hon.),University of Western Australia, 2003

EXPERTISE/RESEARCH/TEACHING INTERESTS

David’s research focuses on behavioral finance, looking at the intersection of psychology and financial markets. He is interested in the mechanics of how information gets incorporated into asset prices, including aspects such as the effects of media coverage and private meetings between firms and investors. He is also interested in the psychology of how investors evaluate their portfolio performance, and the impact this has on prices and trades. This includes questions of how to account for gains and losses, how to evaluate dividend payments, and the role of mental accounting and cognitive dissonance in driving behavior.

SELECTED APPOINTMENTS & AWARDS

  • Fama/DFA Prize for the Best Paper in the Journal of Financial Economics on Capital Markets and Asset Pricing, 2015, for “Juicing the Dividend Yield: Mutual Funds and the Demand for Dividends.” (Second Place).
  • Hillcrest Behavioral Finance Award 2015, for “Being Surprised by the Unsurprising: Earnings Seasonality and Stock Returns.” (First Place).
  • Best Paper, California Corporate Finance Conference 2015 for “Being Surprised by the Unsurprising: Earnings Seasonality and Stock Returns”
  • USC Marshall Dean’s Award for Research Excellence, 2015.
  • Best Paper, Financial Research Association Conference 2012 for “What are we meeting for? The consequences of private meetings with investors”
  • Best Paper, California Corporate Finance Conference 2011 for “The Dividend Month Premium”
     

SELECTED PUBLICATIONS

  • “Rolling Mental Accounts” (with Samuel M. Hartzmark, and Cary Frydma) Review of Financial Studies, forthcoming.
  • “Being Surprised by the Unsurprising: Earnings Seasonality and Stock Returns” (with with Tom Y. Chang, Samuel M. Hartzmark, and Eugene F. Soltes) Review of Financial Studies, 30 (1), 281-323, January 2017.
  • “Looking for Someone to Blame: Delegation, Cognitive Dissonance and the Disposition Effect” (with Tom Y. Chang and Mark M. Westerfield)  Journal of Finance, 71 (1), 267-302, February 2016.
  • “What Are We Meeting For? The Consequences of Private Meetings with Investors” (with Eugene Soltes) Journal of Law and Economics, 58 (2), 325-355, May 2015.
  • “Juicing the Dividend Yield: Mutual Funds and the Demand for Dividends” (with Lawrence Harris and Samuel M Hartzmark) Journal of Financial Economics, 116 (3), 433-451, June 2015.
  • “Winners in the Spotlight: Media Coverage of Fund Holdings as a Driver of Flows” (with Eugene Soltes and Denis Sosyura) Journal of Financial Economics, 113 (1), 53-72, July 2014. 
  • “The Dividend Month Premium’ (with Samuel M. Hartzmark) Journal of Financial Economics, 109 (3), 640-660, September 2013.
  • “Selective Publicity and Stock Prices”, Journal of Finance 67 (2), 599-637, April 2012.
  • “Efficiency and the Disposition Effect in NFL Prediction Markets” (with Samuel M. Hartzmark) Quarterly Journal of Finance, 2 (3), 12500, September 2012.
  • “A Multinomial Approximation of American Option Prices in Levy Process Models” (with Ross A. Maller and Alex Szimayer) Mathematical Finance, 16 (4), 613-633, October 2006.