Dimitris Papanikolaou is the John L. and Helen Kellogg Professor of Finance at the Kellogg School of Management and a Research Associate of the National Bureau of Economic Research. His research has primarily focused on the interaction between technological innovation and financial markets. Recent work has focused on the displacement of human capital, the market for corporate executives, and the causal impact of financial frictions on innovation and employment. His work has been published in the Quarterly Journal of Economics, the Journal of Political Economy, the Journal of Finance, the Review of Financial Studies, and the Journal of Financial Economics and his papers have won several research awards, including the Anundi Smith Breeden prize (twice) for the best paper in the Journal of Finance. He currently serves as a Co-Editor of the Journal of Financial Economics. He previously served as an Associate Editor at Management Science, the Journal of Finance, and the Review of Financial Studies. He received his Ph.D. in Financial Economics from the Massachusetts Institute of Technology.

Asset Pricing, Macroeconomics, Innovation, Economic Growth, Intangible Capital

• PhD, 2007, Financial Economics, Massachusetts Institute of Technology
• MS, 2001, Finance, Economics, London School of Economics
• BA, 2000, Economics, Finance, University of Piraeus

• Professor of Finance, Finance, Kellogg School of Management, Northwestern University
• Associate Professor of Finance, Finance, Kellogg School of Management, Northwestern University, 8/31/2018
• Assistant Professor of Finance, Finance, Kellogg School of Management, Northwestern University, 9/1/2014

• Kellogg Research Mentorship Award, Kellogg
• Best Paper Award, LBS Finance Symposium
• Best Paper Award, Red Rock Finance Conference
• Crowell Memorial Prize, Panagora Asset Management (second prize), Crowell Memorial Prize
• Amundi Smith Breeden Prize, American Finance Association, 2014
• Amundi Smith Breeden Prize, American Finance Association, 2013
• Crowell Memorial Prize, Panagora Asset Management
• Roger F. Murray Prize (second place), The Q Group, 2011

• Co-Editor, Journal of Financial Economics, 2021
• Associate Editor, Review of Financial Studies, 2019-2021
• Associate Editor, Journal of Finance, 2018-2021
• Associate Editor, Management Science, 2014-2016

Investments

Asset Pricing II (FINC-585-2)
This course covers recent developments in asset pricing theory, placing emphasis on the link between financial markets and the real economy. The topics covered include: models of portfolio choice, general equilibrium models of risk and return, and models with financial frictions.

Macroeconomics (FINCX-473-0)

Finance I (FINC-430-0)

Finance 1 answers managers' and investors' most fundamental finance question: how should a project or an asset be valued? Managers must determine the value of building a factory, entering a new market, or purchasing an entire firm when deciding in which projects to invest. Similarly, individuals must assess the value of financial securities to decide how to invest their wealth. Using a combination of lectures and business cases, Finance 1 teaches the discounted cash flow and multiples methods to value projects or assets. These valuation tools lay the foundation for all work in capital markets and corporate finance.

Prerequisite: Business Analytics I (DECS-430-5)

Corequisite/Prerequisite: Accounting for Decision Making (ACCT-430) and Business Analytics II (DECS 431-0)