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Kathleen M. Hagerty

Senior Associate Dean: Faculty and Research

First Chicago Professorship in Finance

Finance

AB 1975, Mathematics, MS 1977, Operations Research, MBA 1979, University of California at Berkeley; PhD 1985, Economics, Stanford University

 
Academic Positions Held
 

Kellogg School of Management, Northwestern University
Professor of Finance, September 1997 to present
Associate Professor of Finance, September 1992 to August 1997
Assistant Professor of Finance, September 1984 to August 1992.

Chair, Department of Finance, 1998 to 2000.
Ph.D. Coordinator, Department of Finance, 1991-1994 and 1995-1998.
Northwestern University Program Review Council 1993 to 1996; Council Chair 1995 to 1996.

   
Courses / Topics Taught
  Futures and Options (Finance D65)
Investments (Finance D60)
Market Microstructure (Finance E20)
Portfolio Theory (Finance D85)
Corporate Finance (Finance D86)
   
Career and Recent Professional Awards; Teaching Awards
  D.P. Jacobs Prize for the Most Significant Paper in the Journal of Financial Intermediation
Bradley Foundation Research Fellowship, 1989 to 1991
   
Professional Leadership
  Associate Editor, The Review of Financial Studies
   
Research Areas
  Security Market Regulation, Microstructure of Financial Markets and Law and Economics.
   
Representative Publications
  "Robust Trading Mechanisms," (with William Rogerson) Journal of Economic Theory 42 (1987).

"Disclosure Decisions By Firms and the Competition for Price Efficiency," (with Michael Fishman) Journal of Finance 44, 3 (July 1989).

"The Optimal Amount of Discretion to Allow in Disclosure," (with Michael Fishman) The Quarterly Journal of Economics CV, 421 (May 1990).

"Equilibrium Bid-Ask Spreads in Markets with Multiple Assets," Review of Economic Studies 58, 194 (April 1991).

"Insider Trading and the Efficiency of Stock Prices," (with Michael Fishman) The RAND Journal of Economics 23, 1 (Spring 1992).

"The Incentive to Sell Financial Market Information," (with Michael Fishman) Journal of Financial Intermediation 4, 2 (April 1995).

"The Mandatory Disclosure of Trades and Market Liquidity," (with Michael Fishman) Review of Financial Studies 8, 3 (April 1995).

"Brokerage, Market Fragmentation and Security Market Regulation," (with Robert McDonald) in The Industrial Organization and Regulation of the Securities Industry, edited by Andrew Lo, NBER, University of Chicago Press, Chicago (1996).

"Mandatory Disclosure," (with Michael Fishman), forthcoming in The New Palgrave Dictionary of Economics and the Law, edited by Peter Newman, Macmillan Press, London, 1998.

"The Optimal Enforcement of Insider Trading Regulations," (with Peter DeMarzo and Michael Fishman) Journal of Political Economy 106 (June 1998):602-632.
  last modified 03/07/2003
©2001 Kellogg School of Management, Northwestern University