Faculty Directory

Leonard Kostovetsky

Assistant Professor




Professor Kostovetsky's main research interests lie in the area of financial economics. A number of his papers focus on the way that political beliefs and connections affect the decisions of financial investors and corporate managers. In addition, Professor Kostovetsky is also conducting research on the fast-growing industry of socially responsible investing and has written on recent changes in the mutual fund industry.


  • “You're Fired! New Evidence on Portfolio Manager Turnover” (with Jerry Warner), Journal of Financial and Quantitative Analysis, 2015
  • “Political Capital and Moral Hazard,” Journal of Financial Economics, 2015
  • “Are Red or Blue Companies More Likely to Go Green? Politics and Corporate Social Responsibility” (with Alberta Di Giuli), Journal of Financial Economics, 2014
  • “Red & Blue Investing: Values and Finance” (with Harrison Hong), Journal of Financial Economics, 2012
  • “Index Mutual Funds and Exchange-Traded Funds,” Journal of Portfolio Management, 2003


Professor Kostovetsky was an Assistant Professor of Finance at University of Rochester’s Simon School of Business from 2008 to 2015. He is a member of the American Finance Association and the Western Finance Association. In addition, he has served as an ad hoc referee for several of the leading journals in finance including the Journal of Finance, the Review of Financial Studies, and the Journal of Financial Economics.