Hendrik Bessembinder

WPC Dept of Finance
BAC 571
Professor/Francis J. and Mary B. Labriola Endowed Chair in Competitive Business
Faculty
TEMPE Campus
Mailcode
3906
Professor & Labriola Chair
Faculty
TEMPE Campus
Mailcode
3906

Biography

Hank Bessembinder returns to Arizona State University, where taught for a decade before heading to Emory University and the University of Utah. Prior to his first assignment with ASU, Bessembinder taught at the University of Rochester. His research focuses on the design and regulation of financial markets, including stock, foreign exchange, fixed income, futures, and energy markets. He has published over 35 articles in the Journal of Finance, Journal of Financial Economics, and Review of Financial Studies, among others. 

A frequent speaker at conferences, financial markets, and universities around the world, Bessembinder has more than 15 years of successful consulting experience, providing strategic advice and analysis for major firms, financial markets, and government agencies. 

Education

  • PhD  University of Washington, 1986
  • MBA  Washington State University, 1978
  • BS  Utah State University, 1977

Research Interests

  • Trading Costs
  • Trading Strategies
  • Market Design
  • Stock Markets
  • Energy Markets
  • Futures Markets
  • Foreign Exchange Markets
  • Bond Markets
  • International Finance

Publications

  • “Liquidity, Resiliency, and Market Quality around Predictable Trades: Theory and Evidence” (with Al Carrion, Laura Tuttle, and Kumar Venkataraman), Journal of Financial Economics, July 2016.
  • “Market Making Contracts, Firm Value, and the IPO Decision” (with Jia Hao and Kuncheng Zheng), Journal of Finance, October, 2015.
  • “Predictable Corporate Distributions and Stock Returns” (with Feng Zhang), Review of Financial Studies, April 2015.
  • “Firm Characteristics and Long-run Stock Returns after Corporate Events” (with Feng Zhang), Journal of Financial Economics, July 2013.
  • “Noisy Prices and Inference Regarding Returns” (with Elena Asparouhova and Ivalina Kalcheva), Journal of Finance, April 2013.
  • “Liquidity Biases in Asset Pricing Tests” (with Elena Asparouhova and Ivalina Kalcheva), Journal of Financial Economics, May 2010.
  • “Hidden Liquidity: An Analysis of Order Exposure Strategies in Automated Markets” (with Kumar Venkataraman and Marios Panayides), Journal of Financial Economics, December 2009.
  • “Measuring Abnormal Bond Performance” (with William Maxwell, Kathleen Kahle, and Danielle Xu), Review of Financial Studies, October 2009.
  • “Market Transparency, Liquidity Externalities, and Institutional Trading Costs in Corporate Bonds” (with William Maxwell and Kumar Venkataraman), Journal of Financial Economics, November 2006.

Courses

Spring 2017
Course NumberCourse Title
FIN 502Managerial Finance

Work History

Arizona State University: 2015-present. Previous appointments: University of Utah, 2001-2015; Emory University, 1999-2001.

Consulting

  • Commodity Futures Trading Commission
  • Securities and Exchange Commission
  • U.S. Department of the Treasury
  • JPMorgan Chase & Co.
  • Interactive Data Corporation
  • ProShares LLC
  • Societe Generale